Want to know how to get rich?

So what i mean is, the switched on traders where going: "Oh look, our calculated stoploss is getting smaller. That means our risk is shrinking." And then BOOM! They enter and BOOM! down it goes.

If we Rewind time somewhat a few minutes:

Its my EXTREME pleasure to see spread is 1 on E/G with my current broker. Alpari had some 2.5 or so.

Actually, i dont know if i ever said this but i stare at this chart most of the time when im trading, making my decisions:



If ever there was a "method" that i do, its stare at that damn thing 6-12 hours a day.

And then an idea popped into my unwitting skull:







I have been doing that kind of thing before, only it seems something is different. Probably in how i consider price. Well anyway, its just an idea.
Also i have been getting more interested in turning points again. I dont know if its smart or not.

I have this other thing that i do for money, and now im at it for a bit. Anyway, what im interested now in is:

If its going up im looking at break of lows, if its going down im looking at break of highs.

Here is one recent example of each





Get it?

If not, holler and i will post more charts or what ever.

Anyway, the more distinct the shape, the better. I mean if there are a very small amount of time to distinguish the patterns, say 3 candles or so, that often means a very undecided market, high volatility sort of news event thing.

For those of you hwo have been following this thread, this is nothing new. I talked to SKFX about this kind of thing and ive been looking at it for many years. Not that you need to look at it for many years, you only need someone to post a chart or two The internet is so full of shit these days its very hard to distinguish the crap from the real stuff. Though people with their wits about them will use other sources of information OTHER then what people are saying. Like, oh for example THAT CHARTS FOR FUCK SAKE. Apparently it takes a "smart" person to actually look at the friggin charts instead of taking some halfwits word for it. Sheep i say. I would rather live one day as a wolf then a hundred years as a sheep.

Apparently people are sometimes offended because i speak my mind. Maybe they would GROW UP FOR FUCK SAKE and GET SOME FUCKING STONES, if ever there was A BIT MORE people who actually had the guts and the stones to speak their mind every once in a while instead of going about their day mumbling about the weather and facebook and what ever the FUCK is on TV today.

I was watching this morning so called "news" on swedish channel 4 with my father couple of months ago. Before the program started i told him: "Dad we dont need to look at this its just shoe commercials these days." Sure enough, there was this reporting of current bullshit events for 15 minutes and then WHAM! All of a sudden the studio was filled with... i guessed it: SHOES! WHAT EVER THE FUCK DOES A NEWSPROGRAM NEED GOD DAMN MOTHERFUCKING SHOES IN IT!? It was not an actual "commercial", the 20 second crap inbetween the programs. No sire, they where just "checking out" the new shoes. They didnt mention prices so i guess it doesnt fall into the actual "commercial" defenition. But sure enough any fool with a memory function can distinguish between a friggin reebok shoe and a friggin converse and a friggin nike or what ever the fuck they are called.

This Alan something or other was on Alex Jones couple of years ago. I said he lived in Scotland in the 1970s as a kid. The government actually bought TVs for people who couldnt afford them back then. Look where that development has got things too. Fuck we need another world, BAD. FAST. Its coming around the bend. I can feel it. I can smell it. Dylan sang about it. Marx wrote about it. Lenin failed. Heck even Levi Strauss failed. And the friggin Neo cons KNOW they failed. Having wars in what... 40 countries? Noone can even keep track of how many wars the US is in right now. If that doesnt pretty fucking much constitute a perpetual world war, i dont know what could possible fill that defenition.

Im not an anti technology fuckface. Satellites and radio and electricity and machines and programming and the internet and everything are really smart inventions. Its just that fucked up idiots are using it all as a sledgehammer to pound humanity skull with.

Errrh... getting back to TA: The reason why i want to look at these places is thats where it turns. Or doesnt but then you can get out with a small SL. The potential TPs are... well... let me speak with todays chart:



Oh yeah and there was this other thing i was thinking about. Picture the chart in terms of orders.


Also, keep in mind you dont need to put all your eggs in one basket. You can experiment with multiple orders, different lot sizes depending on the RR of the trade and so on.
Also, people saying that M1 is just noise are the people saying they dont want to look at whats happening at the moment. If you are not interested in that, i guess you are trading with the stars or something. I at least like to get down and dirty and have a look at whats going on. But as you can see that line, 0.7351 thing, where i got that from, thats a weeks old thing. But OF COURSE it matters to M1. Meaning THERE ARE NO FRAMES OF TIME. Time is a continous flow.
That 0.7531 thing made some money for some smart people at least 4 times on the 4th and 5th of May. But only for people willing to actually study the charts and not some idiotic indicator that OBVIOUSLY isnt worth a shit.
Well if you find that interesting (making a big pile of money) maybe you should check out the orderflow threads? I did.

Anyway, i wont be around to wipe you asses forever, so either you ask something or i take it you get it and then whats the purpose of posting anything further?
Im not saying i totally get it, but its coming. If ever i think of something i will post it here.
If you do actually TOTALLY get it, then these posts are superflous.

good stuffs.

Quote : Well if you find that interesting (making a big pile of money) maybe you should check out the orderflow threads? I did. Anyway, i wont be around to wipe you asses forever, so either you ask something or i take it you get it and then whats the purpose of posting anything further?
Hi yaed,Your latest posts does trigger some thoughts in my brain about a hunter awaiting for his hunt. The one about "If its going up im looking at break of lows, if its going down im looking at break of highs.". Thanks again.If u don't mind, could u pls explain how does orderflow correlate to what u are showing on the chart? Sorry I didn't check out orderflow trading. I would be sure to check orderflow soon. The lessons seems to be expensive. Pls enlighten if possible. Thanks.Best Regards,LearnAlways

I've been following this thread. Such a good read. Thank you for sharing and thank you for your transparency.

Quote : Well if you find that interesting (making a big pile of money) maybe you should check out the orderflow threads? I did. Anyway, i wont be around to wipe you asses forever, so either you ask something or i take it you get it and then whats the purpose of posting anything further?

Hi yaed,Your latest posts does trigger some thoughts in my brain about a hunter awaiting for his hunt. The one about "If its going up im looking at break of lows, if its going down im looking at break of highs."

Thanks again.If u don't mind, could u pls explain how does orderflow correlate to what u are showing on your charts? I'll be sure to check out orderflow trading but not much info is around and the courses are very expensive. If u don't mind sharing your vast knowledge. We will be grateful and appreciative. Thanks once again.

Best Regards,
LearnAlways

here is the indicator for this strategy enjoy !

Thanks Yakashimatsu,Do u mind explaining what does your indicator do?Is it drawing lines at high low or fractals or only Swings High/Low?I noticed not all highs or lows are drawn.Thanks for giving the source code.Best Regards,LearnAlways

Its not my indicator , I just found it on FF.

Well it correlates in the way that you imagine what it is that "surrounds" price, in other words orders, buys and sells. And then work out the logic from there. So for instance if price moves up or down quickly and stops abruptly and goes the other way, then that means probably means there where some orders of the opposite kind waiting there. Next time it gets there some of those orders is probably still there. It doesnt make up for all the things that happens, since new orders are places live as well. But it gives an indication.

I never paid for no course, ever. Never found one that seemed worth a damn. Its sort of counterlogical to charge for a course. If they know, they can make their own money, so whats the point? If its free and given away and the charts confirms it... well thats another thing entirely.

I would not recommend that indie. I sort of see what it does. I posted a big chart since at least that much info was needed to see the thing happening that is of importance.

That means quite a bit to me. Nice you think its making sense.

You know the thing i was trying to show is simply: Why not study the places where price turns? To me it seems quite logical that these should be interesting. You want to enter the trade at the earliest opurtunity possible right? I mean to get the best risk/reward ratio, that seems to make sense.

I dont get it at all to say that the entry doesnt matter like some people say. If the entry doesnt matter, i cant see how the exit does either. And if neither matters you dont need to know the price ever, just fire of some orders. Based on what i cant say. And i dont see how you could make money that way. Well anyway, people can have their weird ideas, i dont really get paid to convince anybody and there are far to many weird ideas out there for me to fight them all. Instead of fighting other peoples weird ideas i simply present my own and dont give a shit about theirs. Though some of my ideas are seeds that i found with other people. But those people are VERY, VERY few. I think ive had about 5 good teachers my whole life out of many hundreds. I think ive read 5.000 books and maybe 50 of those where really good. I looked at some books about trading and its all total crap. I looked at ALL the strategies out there and applied them to charts and they are pretty much ALL crap.

But for instance take the Cobra forex thing. Its sort of 50/50 if you apply only the system as it is. The ones that are good at it can sort of skip a few of the bad entries, and then maybe the can eek out a living. But the system itself is not good.

The James 16 thread i guess is sort of OK sometimes. But its far to general and it contains thousands of crappy posts. Some of the things the starter say makes sense, some of it doesnt make sense at all, its is even counter to earlier statements.

Some of the order flow stuff though, makes a lot of sense to me if you apply it to a chart. Its about getting to understand what people are thinking as they are trading. Its about imagining what makes price moves. But its not "a system" like the other read this RSI and above this or that and this MA and so on. All of that stuff ive been through, applied to all TFs possible and all pairs possible. Bottom line for the mechanical things, from what i know is that you need 0 spread, fast execution, tick scale data and 100% secure information infrastructure, a few coders and at least one decent trader and one coder who knows a bit of trading. What ever you create that makes just a little profit is worth hundreds of millions. It seems, and i say IT SEEMS, and i might be wrong, that mechanical simple stuff is impossible without that kind of hardware and circumstances.

But if you think that indie is the best thing, sure i might be wrong. I WANT to be wrong. Because that way that indie alone would crash or change the whole world market/military industrial complex, and probably that would be a good thing.

absolutely make sense or i won't be bothered to make a few posts here.



my principle is simple:

1. price is the psychological outcome of both buyers and sellers, as i have explained in my other posts
2. the change of direction starts from tick, 1m, 5m to weekly and monthly.
3. within a given time frame, as long as new highs are made, only seek buying opportunities. vice versa.