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What works, and what doesn't

  • #201
  • Feb 12, 2017 8:33am Feb 12, 2017 8:33am
One thing that I have found to be important is liquidity / time of day. Price moves in the European / US session have much more importance than Asian session
  • #202
  • Feb 12, 2017 10:03am Feb 12, 2017 10:03am
Quoting TooSlow
{quote} TooSlow2.png;2184186 TooSlow1.png;2184187 H1 and H4 candles may provide a clue. {image} {image}
First clue is price reversing from daily high/low during the 16:00 H4 candle.
Second clue is upper/lower wick size of 16:00 H4 candle.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #203
  • Edited 1:13pm Feb 12, 2017 1:01pm | Edited 1:13pm
TooSlow if your finding something in the 1-4 hour candles... Great! Stuff you find won't always be what others find.
Each of us see's the market though our own eyes.. Each of us trades a different time frame. There is no right or wrong.
But when you discover things for yourself, you can build trades around that discovory.

one thing you may want to do is clean up the colors a bit.. I just use very slight color change.. as not to distract me too much..

Nice clean way of seeing the session without making the chart hurt your eyes. (only for doing studys)
Asian will always be before london, usa will always be 3.5 hour before london close)
I always want candles to be the #1 focus on the chart.. not the sessions!
But like to be able to refrence patterns in previous sessions at a quick glance.
Attached Image (click to enlarge)
Click to Enlarge Name: sessions.jpg Size: 108 KB
The only system that will work is one designed by and for yourself.
  • #204
  • Feb 12, 2017 1:19pm Feb 12, 2017 1:19pm
Another example of marking out london session...
but still keeping candles #1 theme!

Attached Image (click to enlarge)
Click to Enlarge Name: bobo.jpg Size: 85 KB
The only system that will work is one designed by and for yourself.
  • #205
  • Feb 12, 2017 4:04pm Feb 12, 2017 4:04pm
Quoting bloodpoodle
TooSlow if your finding something in the 1-4 hour candles... Great! Stuff you find won't always be what others find. Each of us see's the market though our own eyes.. Each of us trades a different time frame. There is no right or wrong. But when you discover things for yourself, you can build trades around that discovory. one thing you may want to do is clean up the colors a bit.. I just use very slight color change.. as not to distract me too much.. Nice clean way of seeing the session without making the chart hurt your eyes. (only for doing studys)...
Colors?
The focus is on price.
Guess you want to keep things secret.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #206
  • Feb 12, 2017 5:47pm Feb 12, 2017 5:47pm
Quoting bloodpoodle
Time of day studys are a good thing. example-- Study of what euro does after usa open.. euros.jpg;2183908 From this chart I see USA SESSION USUALLY BUYS EURO's after usa opens... Knowing this gives me an edge. This is a hint to my session bias Time of day studys help me put odds in my favor. {image}
hi, so you are saying you must always short before US open?
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #207
  • Feb 12, 2017 5:56pm Feb 12, 2017 5:56pm
Hi, another one. I too get pissed off with charts which show what happened after the event.
Attached Image


A =past, easy to do...
?= forward, that is the main area to be looking at. you only need one prior candle. trade well.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #208
  • Feb 12, 2017 6:45pm Feb 12, 2017 6:45pm
Quoting billytt
{quote} hi, so you are saying you must always short before US open?
The trick would be knowing when NY is going to reverse what London has done and when it's going to let it run.

Quoting billytt
{quote} forward, that is the main area to be looking at. you only need one prior candle.
Yes but which one?
Good Trading
  • #209
  • Feb 12, 2017 6:47pm Feb 12, 2017 6:47pm
Hi , same here, i see too many what ifs,
normally a spike will retrace (maybe not 100%)
a gap will normally close.
a grind up ? very hard to trade as you need a market to open for the price action.
I think , actually i know market prior to open (i speak mainly UK open) is a good range to trade off. Using 4 hour even the 07-30 bar is very good.
I have years of stats to prove, even the negative stats are used as positive info.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #210
  • Feb 12, 2017 6:54pm Feb 12, 2017 6:54pm
Quoting aud
{quote} The trick would be knowing when NY is going to reverse what London has done and when it's going to let it run. {quote} Yes but which one?
1st question, it depends what you are looking for, i have normally finished trading by the time US opens. i only need a few pips% not tens of.
2nd question, thats a secret lol. 04-00 bar which is asian session leading into UK open, awesome just awesome. 7-30 bar very good . Like i said, it depends what you are looking for.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #211
  • Feb 12, 2017 7:00pm Feb 12, 2017 7:00pm
simple works, complicated doesn't... or vice versa depending on the person
  • #212
  • Feb 12, 2017 7:04pm Feb 12, 2017 7:04pm
Quoting dagoods
{quote} +20 au long coming yes i'm foretelling the future and +30 to 35 long for EU. feel better?
lol, go for it bud, i wish you well

edit,t01-13 if you have the stats for it, like A/U,,,the inside ,outside bars, the double top go for it. i wouldnt but who am i to say.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #213
  • Feb 12, 2017 7:09pm Feb 12, 2017 7:09pm
Quoting dagoods
simple works, complicated doesn't... or vice versa depending on the person
correct,,
cable chart, 20-00 to 00-00 4 hour. it is 19 range and a good range to trade off. the high has already broken and retraced.. Even if the high fails the low looks good to next trigger
Attached Image


edit, i put Cable range at 29 when infact it was 19, so amended.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #214
  • Feb 12, 2017 7:23pm Feb 12, 2017 7:23pm
Quoting dagoods
charts but there is no reason in the world anyone should listen to my dumbass {image} {image} {image}
yes indeed, i see your 1st chart, i call it the lochness monster
Attached Image
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #215
  • Feb 12, 2017 7:36pm Feb 12, 2017 7:36pm
Quoting dagoods
{quote} hey billy i've different 4 hour data. looking at daily instead. any longs scare me there. I see two lows(supports) were taken out on daily. i added a chart above. i could be wrong but i'm scared of it personally
I do not trade the daily anymore but when i did i was looking for a few pips/%,, Daily break on E/J, Cable have a very high chance of making + 5 . This is enough to live off and better than any bank interest rate.
Good to hear you say ,YOU ARE FRIGHTENED... when in doubt stay out or have fear stay out.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #216
  • Feb 12, 2017 8:09pm Feb 12, 2017 8:09pm
Depends what you mean by 'works'

stochastics fibs macds any indicator relating to price gives you no value or edge.

so by that definition to me they DONT WORK.

a WORKING STRATEGY should net a single person 200% consistently a year but most here infact EVERYONE on FF has no clue and think 20% a year is great. Or that 70% probability is great. What a joke.
  • #217
  • Feb 13, 2017 2:30am Feb 13, 2017 2:30am
Quoting WolGod
Depends what you mean by 'works' stochastics fibs macds any indicator relating to price gives you no value or edge. so by that definition to me they DONT WORK. a WORKING STRATEGY should net a single person 200% consistently a year but most here infact EVERYONE on FF has no clue and think 20% a year is great. Or that 70% probability is great. What a joke.
Not unless you actually work for 20% pa,,
Make 20% pa is easy to sell. you are right with most people have no idea , trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #218
  • Feb 13, 2017 2:34am Feb 13, 2017 2:34am
Quoting billytt
{quote} correct,, cable chart, 20-00 to 00-00 4 hour. it is 19 range and a good range to trade off. the high has already broken and retraced.. Even if the high fails the low looks good to next trigger gu 12th.PNG;2184465 edit, i put Cable range at 29 when infact it was 19, so amended. {image}
sun bar
Attached Image

this is what happened
Attached Image

the low very nearly triggered.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #219
  • Feb 14, 2017 2:19pm Feb 14, 2017 2:19pm
No one pattern works 100% of the time..
The trick is to put the odds in your favor.
Put the odds in your favor: right time time of day, How long till huge news, Are stocks risk on/risk off,
what is gold, oil and bonds doing? Is volatility dying down or picking up?
When all the stars align in your favor.. Only then do you trade
Everybody searching for one magical pattern.. Sorry its doesn't work that way.
Conditions have to be favorable for your setup to work.
AFTER enough studys about spikes(liquidity gaps), time of day, correlations to other markets, you will start just to get a gut feeling that the time is right.
This does not happen quickly.. can take years and years to fully develop.
You have to be fully committed to intense study of the charts for years.
Just like playing a guitar, or playing basketball, or golf.. It take a lot of time to get good.
The only system that will work is one designed by and for yourself.
  • #220
  • Feb 14, 2017 8:49pm Feb 14, 2017 8:49pm
Quoting bloodpoodle
No one pattern works 100% of the time.. The trick is to put the odds in your favor. Put the odds in your favor: right time time of day, How long till huge news, Are stocks risk on/risk off, what is gold, oil and bonds doing? Is volatility dying down or picking up? When all the stars align in your favor.. Only then do you trade Everybody searching for one magical pattern.. Sorry its doesn't work that way. Conditions have to be favorable for your setup to work. AFTER enough studys about spikes(liquidity gaps),...
What do you mean by works?
Every day there is a highest H1 open and a lowest H1 open.
Whether a trader wins/loses is their choice.
The pattern does not care.

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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