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Trading the lines

  • #161
  • Feb 2, 2015 4:11pm Feb 2, 2015 4:11pm
I missed it earlier but GJ bounced EXACTLY off the previous day's low and it was on the hour too :nerd:
used to be undecided but nowadays can't make my mind up
  • #162
  • Feb 3, 2015 6:31am Feb 3, 2015 6:31am
Quoting mrcreosote
I missed it earlier but GJ bounced EXACTLY off the previous day's low and it was on the hour too :nerd:
Well then you can be pretty sure that was a 1.000 lot order or something like that.
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  • #163
  • Feb 3, 2015 3:13pm Feb 3, 2015 3:13pm
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ECB gotta make the turd float. Fed is all like "WTF!?".
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  • #164
  • Feb 3, 2015 7:23pm Feb 3, 2015 7:23pm
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  • #165
  • Edited 7:09am Feb 5, 2015 6:58am | Edited 7:09am
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  • #166
  • Feb 10, 2015 6:17am Feb 10, 2015 6:17am
What was it that i did? Do i have it in there, in my head? Can i reacreate my technique? Do i understand it?
I think yes.
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Its quite easy. You dont need the chart. In a way. Afterwards.

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Think i needed the proper motivation. I really needed to go to the edge of pure black darkness to get it. This fucked up world took me there. These crazy, fucked up, insecure people with all their bullshit. All their structures. Identities. Subjects. Objects.I dont know why. I guess the monsters stare back at yah after a while.
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  • #167
  • Feb 10, 2015 6:26am Feb 10, 2015 6:26am
Erhm. My broker is doing something really funny. I cant adjust the TP where i want it...

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Oh thats better. It was the wrong account, but it should have worked anyway...
Nevermind.

HI STEWE!

Sort of disregard most things i wrote in this thread.

Not all though.
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  • #168
  • Edited 8:19am Feb 10, 2015 6:33am | Edited 8:19am
"The lines"
Well the lines, in general is i think a good idea. Lines. Yeah. Price turns. Maybe twice. Maybe have a look at what happens the next time when it happend once. Yeah. Lines. Or levels. Whatever. Words are just poetry. And the PA. Breaks of the most recent highs and lows. Thats the recipe. They got EAs for this kind of thing. The bigwigs i mean. They go "Wooosh!", screaming "TAKE IT, TAKE IT! THIS IS MY PRICE! TAKE IT!". Liquidity providers. Never heard any more silly thing. The world is a silly place.

Im going to work my friggin dayjob and get me just a tiny bit of doe. Its all i need. Then im going to call my teachers from high school. No im not going to do that. But i have a mind to it. Better not write here what i would say... Stuff like that is best used in battle. But then im gonna get a new broker. One thats been around 10-20 years.

Anyway. Its all pretty much here, as it should be. For now i guess. Tommorrow i will go work my boring friggin dayjob instead of trading and stuff. Probably i wont work the demo account tomorrow.

People ask: How big TP? Well, if you have 25 pips in a few minutes... are they still going to ask? Hopefully they dont. If they do, they probably arent going to get those 25 anyway. What the do i know? How big its going to be? Enough i hope. How much is that? A bit? Well 50% of the distance to the next S/R maybe is a good safe TP. I notice i am sort of talking to myself. No im not. Im writing. I am silent. My son i drinking water. Maybe i should take him for a walk?

I never had much for free in this life. My parents where kind but... not like me. I dont know why. When i was 18 i discovered Renee Descartes and Plato. To say it was like someone flicking a BIG switch is an understatement. "Aha, everybody isnt completely *bep* *bep* in the *bep* head!" Unfortunately, neither Plato or Descartes worked at Umeå University. Thomas Lindberg did though. Exorcist. Man of many gods. I can still feel him inside my head. The smile. The laugh. The energy. Otherwise, the books where a lot better then the people. Nevermind.

My son is playing with round pieces of painted wood with a hole in them. There is s stick for the pieces to put on. He is holding the stick upside down trying to put it into the hole. Its not that he doesnt get it. There is nothing to get. Its just stuff. There is no "correct" way to do it. That is just some kind of boring "grown up" analysis. Some kind of *bep* *damn* boring *bep* *bep* analysis. Plato could step out of that analysis from time to time. Descartes as well. Leontjiev Vygotskji too sometimes.

Nietszche is smart. People spend far too much time naming things and making rules. They dont obey the rules. They dont understand the rules.

People even think that "will" is what is the cause and that "the action" is the effect. That so *bep* *bep* i dont even know where to begin. Maybe i will just say "Yeah, whatever." Crackers.

"Why did you do it?"
"I wanted too."
"Yeah thats an explanation."
Crackers.

"When price moves quickly, smart money is moving it." Thats a statement without a cause and effect, and it still means something, if its true. I could say something like: "When price moves quickly, it is BECAUSE smart money is moving it." Thats a whole other statement. In fact the "because" might as well have more to do with... i dunno, libido? Subconsious wishes? Butterflies in Africa? *bep* *bep* on the streets of Hamburg?
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  • #169
  • Feb 10, 2015 7:04am Feb 10, 2015 7:04am
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  • #170
  • Edited 12:42pm Feb 16, 2015 12:20pm | Edited 12:42pm
About strategies and technical analysis in general
For the record, who ever is keeping score so to speak, i should say one thing: These ideas about different strategies in trading and the idea that one strategy works for one person and not for another. I think thats complete BS. Numbers are numbers. If you do the numbers, it doesnt matter who you are or what youre ideas are. I think trading is a matter of understanding something, how its being done. That understanding is conferable to other people and it is not "subjective" and does not depend on what anyone thinks.

In that way technical analysis in general is falacious. Or at least most ideas about is BS. Anyone willing to scrutinize the so called "strategies" will realize this. The reason why so many false ideas about technical analysis persist is because people do not examine them. Why that is so, is a difficult question to give good answers too. Probably people do this thing called "hope", and it clouds their judgment.

The way i see it, trading is hard. Really hard. It takes decisions. Hard decisions. And it takes patience. But it is possible. For some people to do it. People who are willing and able to examine their own and other peoples ideas and cast away those ideas that are false.

With the present circumstances i could not make an automated, mechanical trading system that is good. I dont think it is possible to do in a simple way. Indicators cannot be used. Probably i could work with making one, but it would have to be custom programmed and it would take months to get anywhere with a project like that. So please people who approach me with this kind of thing, think about it, its a big project, not some afternoon thing.

Further more, all you newbiw people who havent stared at this for 5 years or so: Its hard, really hard. Mostly because there is so much BS out there. If you just apply your mind and stay away from indies, you MIGHT have a chance at it. I would teach you all that i know, but i dont see the point. I have been writing here for 5 years, giving everything i know. But i havent learned almost ANYTHING from anyone else for years. Simply because pretty much noone has a clue about how to do it. So thats why i have decided to stop writing about what i have learned. Especially recently.

Most of what i have written in this forum is stuff that dont matter. Not any more. It was a journey i guess, one with A LOT of dead ends. So dont read it. Well one or two things maybe, but you would have to sort it out from all the rest. But like i said, "The lines", thats still a good concept in general.
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  • #171
  • Feb 17, 2015 1:26pm Feb 17, 2015 1:26pm
Numbers aren't numbers any more, bankers, accountants, politicians, they all screw with the basics now....
An example, at school we all know 2+2=4
Well here is an accountancy trick for you....
2.4+2.4=4.8
Hold on, I'm some bastard who can pull tricks along the lines of creative accountancy and 'off balance sheet' reporting, so I think I'll just round those numbers up and down a bit. so 2.4 becomes 2 and 4.8 becomes 5
Holy sh!t, I've just created the new world order that says 2+2=5, and that's how them god damn feckers p!ss with our lives every day of the god damn bloody week.....
used to be undecided but nowadays can't make my mind up
  • #172
  • Feb 19, 2015 3:50am Feb 19, 2015 3:50am
Quoting mrcreosote
Numbers aren't numbers any more, bankers, accountants, politicians, they all screw with the basics now.... An example, at school we all know 2+2=4 Well here is an accountancy trick for you.... 2.4+2.4=4.8 Hold on, I'm some bastard who can pull tricks along the lines of creative accountancy and 'off balance sheet' reporting, so I think I'll just round those numbers up and down a bit. so 2.4 becomes 2 and 4.8 becomes 5 Holy sh!t, I've just created the new world order that says 2+2=5, and that's how them god damn feckers p!ss with our lives every day...
I hear yah!
But what seems to be going around all over the world is Big time theft and then using the money to bribe politicians and the justice system with the stolen money.
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  • #173
  • Feb 19, 2015 4:03am Feb 19, 2015 4:03am
The price is not in essence predetermined. This is my conclusion. But some institutions, hedgefunds and retailers of course have predetermined strategies and ways of acting, DEPENDING ON how things develop. They adapt to the circumstances. Or they try too. The smart money is NOT the once that has a fixed, predetermined strategy, it is the once that are able to read things AS THEY HAPPEN, AS THEY CHANGE.

People sometimes thing its strange i look at M1. These people arent getting the important thing here.

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What happens outside of these kinds of moves tends towards the more "random". Thats because its the stupid money trading it. The smart money is VERY reliable. They do the same thing over and over. And the important thing is, all you need is a friggin standard MT4 or MT5 and a decent broker. You want to make 100.000.000 $? Want your trades to be AWESOME? Do what the smart money does. Trade the breaks.
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  • #174
  • Feb 19, 2015 4:45am Feb 19, 2015 4:45am
I'm a moron, I spent hundreds if not thousands of hours looking at the M1 trying to find some order amongst all the chaos lol
I think for most gamblers on FF the M15 is the key, we don't have enough money to trade the bigger timeframes (yet)
As long as you don't get greedy most players should be able to get a few hundred £/€/$ out of that every day and that should be enough to keep a roof over your head and fund the alcohol/drugs/hookers/blow/wife bitch
I keep getting distracted too easily, that DT on the € this morning was a brainless, low risk trade. I'm looking for a good woman to tie me to my chair and give me a 'good thrashing' every time I miss the 'no brainer trades'
used to be undecided but nowadays can't make my mind up
  • #175
  • Feb 19, 2015 4:56am Feb 19, 2015 4:56am
Quoting mrcreosote
I'm a moron, I spent hundreds if not thousands of hours looking at the M1 trying to find some order amongst all the chaos lol I think for most gamblers on FF the M15 is the key, we don't have enough money to trade the bigger timeframes (yet) As long as you don't get greedy most players should be able to get a few hundred //$ out of that every day and that should be enough to keep a roof over your head and fund the alcohol/drugs/hookers/blow/wife bitch I keep getting distracted too easily, that DT on the this morning was a brainless, low risk trade....
Well i dont really think there are many ways to trade profitably. If you are in the green, you are doing pretty much the same thing as evrybody else that is in green. Loosing strategies on the other hand, those are plenty. And so the plentifold strategies here

But sure, i can do M15, dont much matter:

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I dont trade the chart. Thats impossible. I trade price.
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  • #176
  • Edited 5:16am Feb 19, 2015 5:05am | Edited 5:16am
I think the entry is higher up, hit the bastards in the wicks!
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Edit to say, see that purple line? That's last weeks high, so you've got the DT and the purple 'line in the sand'......
used to be undecided but nowadays can't make my mind up
  • #177
  • Feb 19, 2015 5:26am Feb 19, 2015 5:26am
Quoting mrcreosote
I think the entry is higher up, hit the bastards in the wicks! {image} Edit to say, see that purple line? That's last weeks high, so you've got the DT and the purple 'line in the sand'......
Sure, why not! Only you need to keep the stop tight that way. I want my money FAST! 15 minutes and the whole thing should be over with preferably. I want in EXACTLY with the smart money.

Ok buddy, point taken, ill move the roof down to 1.443
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  • #178
  • Feb 20, 2015 10:44am Feb 20, 2015 10:44am
34 hours ago
34 hours ago i posted these EXACT S/R.

Here is the post

http://www.forexfactory.com/showthre...86#post8079486

Here are those same S/R.

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See that? What conclusions do you draw from that? Oh i dont know... you do your own thinking. Think price is random? Really?
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  • #179
  • Edited 11:34am Feb 20, 2015 11:17am | Edited 11:34am
Aint NOTHING random about it.
People are looking at it. They make decisions. They sort of have predetermined strategies, but adapt to the circumstances.
If you enter any natural system into a graph, patterns emerge: Growth of bacteria, migration of birds, layout of termite stacks, what ever. Everybody knows this. Why should price be any different? Its not. People not willing to work for the knowledge keep arguing there is nothing to know. Lazy people will be lazy people, until such time as they stop being lazy people.
My signature is: "Classified".
  • #180
  • Feb 21, 2015 2:08pm Feb 21, 2015 2:08pm
yaed ,
your philosophical look on price action is the best thing that i came across since i found D & G .
keep up you good work and i am extremely sorry to hear about alpari story.
i heard KPMG is working on with alparis Client Money Pool
hope you will get your money back asap.
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