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Trading consistently for profits

  • #61
  • Jan 30, 2015 3:08pm Jan 30, 2015 3:08pm
Quoting abokwaik
{quote} Width=number of bars.Length=number of pips.
Do you mean Number of bars between the Grid from left to right line ? . Its seven overall at this chart ..
Im sorry maybe im toooo stupid but i really dont see any similarity at all
  • #62
  • Edited 3:27pm Jan 30, 2015 3:14pm | Edited 3:27pm
Quoting abokwaik
{quote} Width=number of bars.Length=number of pips.
How do you mean the width (number of bars) expresses an equilibrium in price/value? Any number of bars are just an expression of time/price range in any given TF... The question must be how the HIPs/LOPs of that given number of bars in the decline express equilibrium in the price retrace, no?
  • #63
  • Jan 30, 2015 3:25pm Jan 30, 2015 3:25pm
Quoting abokwaik
{quote} They both have the same WIDTH not same length.
I count 8 and 6 candles, in the left (yellow) and right (red) moves, respectively, so this is probably not the solution of the puzzle.
I guess the best is to let pinktrade give more examples when it will be convenient for him/her...
k
  • #64
  • Jan 30, 2015 4:50pm Jan 30, 2015 4:50pm
He already said that he discovered that markets are not based on time. So number of bars is irrelevant.
  • #65
  • Jan 30, 2015 5:06pm Jan 30, 2015 5:06pm
Subscribed. I am for continuing Fx trading education and like to learn new views on the Fx market. Look forward to your material and knowledge.
  • #66
  • Jan 30, 2015 5:10pm Jan 30, 2015 5:10pm
How is made a bar? A bar is made of 4 reference points (open, high, low, close). What are these things? They are price. From open and close there are prices, from high and low there are prices. In the end there is price. You can take any reference point and from there you can build your candle. The action of buyers and sellers is a zero sum, even if the price moves 20 pips down and then 10 pips up, the result is a zero sum.
Better ideas are welcome on the table.

Alex
  • #67
  • Jan 30, 2015 5:42pm Jan 30, 2015 5:42pm
But what is relevant in this case ? Im looking at this chart again and again i see just up trend channel
And if that is a situation where u can actually somehow trade . Its just uptrend , Dont think that u need to take care about those ´´equal / same Moves ´´
Attached Image (click to enlarge)
Click to Enlarge Name: equilibrium.jpg Size: 77 KB
  • #68
  • Jan 30, 2015 6:13pm Jan 30, 2015 6:13pm
Subscribed! Looks like some exciting new information coming in here...
Thanks Pinktrade!
  • #69
  • Jan 30, 2015 6:26pm Jan 30, 2015 6:26pm
pinktrade, you said all the right words on page one. You need to move on with charts and examples and walk us through it. Otherwise you'll spend all your time answering questions and you will lose control of the timing and order of your thread.
Good Trading
  • #70
  • Jan 31, 2015 12:21am Jan 31, 2015 12:21am
I was going to write some long reply to this but I'm just going to condense it to this: The market isn't this simple. It'd be nice if it were, but it's not.
  • #71
  • Jan 31, 2015 1:12am Jan 31, 2015 1:12am
Quoting Larshw
{quote} How do you mean the width (number of bars) expresses an equilibrium in price/value? Any number of bars are just an expression of time/price range in any given TF... The question must be how the HIPs/LOPs of that given number of bars in the decline express equilibrium in the price retrace, no?
I know its meaningless, specially in the absence of Volume data. I was just looking for some similarities between the two moves, and this is what I could find.

Anyway, lets assume the red move is equal to the yellow move, what's next?.
Red move is a down move, yellow is an up move, so if market reached equilibrium state after the up move , shouldn't the next move be a Down move ?
In the referenced chart it was also an Up move, so why the market goes for another up move after reaching "equilibrium" on the 1st up move?

And if we can not decide on the next move after reaching an "equilibrium", what's the benefit of knowing such information anyway?
No guts, no glory
  • #72
  • Jan 31, 2015 2:52am Jan 31, 2015 2:52am
the red one retraces approximately 50% of the previous movement
and the yellow one that follows it retraces approximately 50% of the red movement

WD Gann/ Andrew Pitchfork 50% back to equilibrium principle
  • #73
  • Jan 31, 2015 3:00am Jan 31, 2015 3:00am
Quoting wasabeclaw
the red one retraces approximately 50% of the previous movement and the yellow one that follows it retraces approximately 50% of the red movement WD Gann/ Andrew Pitchfork 50% back to equilibrium principle
Was thinking the same thing. Fib levels.
  • #74
  • Jan 31, 2015 4:49am Jan 31, 2015 4:49am
Quoting Kanzler
I was going to write some long reply to this but I'm just going to condense it to this: The market isn't this simple. It'd be nice if it were, but it's not.
I am inclined to agree with you on this, but I would like to give pinktrade the floor to fully explain what he is
doing. Now will he share completely everything that he has learned is the big question? I do not know,
but I am willing to listen & learn if he is willing to share. This forum has several threads similar to this one
that started out trying to help others & then suddenly the thread founder disappears, or finds himself banned.
Willl that happen to this thread? I don't know, but time will tell. Pinktrade has already stated he is finding out
that maintaining a thread can be time consuming, or something to that affect. I say lets give him a chance &
see where he leads us. From what pinktrade has posted so far whatever he is doing seems to be working
for him, so lets see if it will work for others. I have found after many years of trading what works for one
trader may not work for another. Anyway Kanzler is is always good to see you join a thread sharing your
views & comments. Best of trades to all.
______________________________________
  • #75
  • Jan 31, 2015 5:09am Jan 31, 2015 5:09am
Quoting acetrader
{quote} ....... Pinktrade has already stated he is finding out that maintaining a thread can be time consuming, or something to that affect. .....
Sharp observation. I agree with what you said. Been witness to many threads since 2007 (starting with Trading in 8 pairs by Cornelius2). However some threads really had worthwhile info shared halfway before being closed due to negative posts or sudden reluctance of thread starter to share more info when few participants started having winners. So lets see....
  • #76
  • Jan 31, 2015 5:19am Jan 31, 2015 5:19am
Quoting abokwaik
{quote} I know its meaningless, specially in the absence of Volume data. I was just looking for some similarities between the two moves, and this is what I could find. Anyway, lets assume the red move is equal to the yellow move, what's next?. Red move is a down move, yellow is an up move, so if market reached equilibrium state after the up move , shouldn't the next move be a Down move ? In the referenced chart it was also an Up move, so why the market goes for another up move after reaching "equilibrium" on the 1st up move? And if we can not decide...
Also dont see any benefits at all .
  • #77
  • Jan 31, 2015 6:04am Jan 31, 2015 6:04am
Fascinating thread. Looking forward to discovering something of value.
  • #78
  • Jan 31, 2015 6:16am Jan 31, 2015 6:16am
Quoting hayseed
{quote} //---- hey pinktrade..... i'm not saying your mistaken.... but your comment reminded me of a pm received concerning the 'for every winner there must be a loser' and asked my opinion on it..... here was my response...... people often say forex is a zero sum gain.... meaning for every winner there is a loser.... this is not necessarily true..... imagine a group traders where the first trader sells a euro for 1 dollar to another trader.... the second trader sells that euro to a third trader for 1.0010..... the third trader sells it to the fourth...
" at some point the central bank or some large corporation might buy that euro for it's own use...... who lost money..... no one...... "

In that case consumers who face slight increase in infaltion are the one who lost their money - measured in buying power not nominal.
In case of corporations the loss is seen in lower profits.
  • #79
  • Jan 31, 2015 6:59am Jan 31, 2015 6:59am
Quoting cycle
{quote} Sharp observation. I agree with what you said. Been witness to many threads since 2007 (starting with Trading in 8 pairs by Cornelius2). However some threads really had worthwhile info shared halfway before being closed due to negative posts or sudden reluctance of thread starter to share more info when few participants started having winners. So lets see....
Cycle you are so right. Some probablyy did have good helpful information to share, but their efforts were killed by all the negative
posters that can invade a thread at times. Then their are those that stopped posting for other reasons such as realizing they may
be giving away the goose that lays the golden eggs, or they were scolled by their peers for attempting to share with the masses
what is really happening in the markets. Then their are some that simply just became tired of the time needed to keep a thread
going. There was a thread that was started just before Christmas that I thought had much promise, but it seems to have died
after only several days of posting by the thread founder. Lets wait & see how this one plays out. I admire pinktrade & anyone
else willing to share their knowledge of what they see is really happening in the forex, or any other market.

Thank you for your views & comments.
____________________________
  • #80
  • Jan 31, 2015 7:45am Jan 31, 2015 7:45am
Quite busy this weekend but I have opened the computer to check on the thread and I was amazed to see all the replies while I was away. I will try to take the questions in the thread and email one by one as there is already too much.
Feel free to post your questions in the thread for everybody to see or to send email if you are shy.

Thanks everybody for the emails you sent...It will take some time to read all the emails from you
There is a problem I have observed in a couple of emails which I don't like at all but will get back to that a little later because my time is scarce right now.
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