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  • #61
  • Apr 3, 2017 8:11am Apr 3, 2017 8:11am
The guys who subscribed to this approach you need to discuss with each other here and now. It's healthy to discuss if this interests/strikes a chord with you, sitting at the bottom dumb will not help you, you will learn by posting your thoughts, charts, cause for concern etc etc. Don't be concerned about being right or wrong that is just stupid and is the mind of person who doesn't want to learn. It will hold you back speak up. I won't let trolls come and ridicule. Ok ? So you want to progress get on with it discuss together or I shut it down, I have no ego in this and no time for crap.
Why invisible ? It's like you are sneaking a look at another man's wife.... come on grow up.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #62
  • Apr 3, 2017 9:22am Apr 3, 2017 9:22am
Quoting Stu Effex
The guys who subscribed to this approach you need to discuss with each other here and now. It's healthy to discuss if this interests/strikes a chord with you, sitting at the bottom dumb will not help you, you will learn by posting your thoughts, charts, cause for concern etc etc. Don't be concerned about being right or wrong that is just stupid and is the mind of person who doesn't want to learn. It will hold you back speak up. I won't let trolls come and ridicule. Ok ? So you want to progress get on with it discuss together or I shut it down, I...
Oh, did I forget to mention -- Stu is a very plain spoken no BS guy! Don't mince his words!
Defending Truth, Capitalism and the US Constitution
  • #63
  • Apr 3, 2017 9:53am Apr 3, 2017 9:53am
Quoting Stu Effex
{quote} Ok glad we started to engage mate and welcome. The story behind the hour close is not 100% needed but it is what it says. If price is dropping towards your level or rising to your level whichever doesn't matter. It adds confluence to the other factors. So if approaching swing averages looking good, tick box, tick activity good tick another box, if they coincide with hour close tick another box. It's just increasing probabilities as very often flows change in micro land on hour close, so if it's been dropping and other factors are good chances...
Cool! Trading in the now like that Rambo guy in the video said

A check-list is very helpful: it doesn't contain many factors to consider...

Many Thanks
  • #64
  • Apr 4, 2017 4:56am Apr 4, 2017 4:56am
Quoting Stu Effex
The guys who subscribed to this approach you need to discuss with each other here and now. It's healthy to discuss if this interests/strikes a chord with you, sitting at the bottom dumb will not help you, you will learn by posting your thoughts, charts, cause for concern etc etc. Don't be concerned about being right or wrong that is just stupid and is the mind of person who doesn't want to learn. It will hold you back speak up. I won't let trolls come and ridicule. Ok ? So you want to progress get on with it discuss together or I shut it down, I...
Subscribed.
Sorry I am rather a newbie on FX so pls excuse me for not giving comments up here, but I am following with eagerness.

Thank you for taking time sharing your thoughts.
  • #65
  • Apr 4, 2017 8:56am Apr 4, 2017 8:56am
Quoting scorpulusj
{quote} Subscribed. Sorry I am rather a newbie on FX so pls excuse me for not giving comments up here, but I am following with eagerness. Thank you for taking time sharing your thoughts.
Hi Scorp it's not a problem to be newb mate but no excuse for not participating. Followers in general don't win. This is why I try to encourage actually "doing". Not saying go live but at least demo, get stuck in using the principles given. Post charts of your attempts at applying the principles. Show how you think you would build your chart to be effective in the pursuit of what you want to achieve. If nobody wants to do that there will be nothing to follow with eagerness, as I said before this is audience participation. I'm not looking to be a 5 star general so if no takers that's fine, this will be last call for participation before the plug gets pulled.

https://youtu.be/lHrQtuyCgPw

Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #66
  • Apr 4, 2017 9:43am Apr 4, 2017 9:43am
Quoting Stu Effex
{quote} Hi Scorp it's not a problem to be newb mate but no excuse for not participating. Followers in general don't win. This is why I try to encourage actually "doing". Not saying go live but at least demo, get stuck in using the principles given. Post charts of your attempts at applying the principles. Show how you think you would build your chart to be effective in the pursuit of what you want to achieve. If nobody wants to do that there will be nothing to follow with eagerness, as I said before this is audience participation. I'm not looking...
You are right. Haven't been really a winner at all. I do not like demo so now playing around with cent accounts and have burned some
To be honest, I haven't clearly understood your trading style although I have gone through this thread twice. May be it is because of my English as well my knowledge on PA. Actually still on learning and yes will try to post charts when I am clear with the way you are trading.
  • #67
  • Apr 4, 2017 10:23am Apr 4, 2017 10:23am
Quoting scorpulusj
{quote} You are right. Haven't been really a winner at all. I do not like demo so now playing around with cent accounts and have burned some To be honest, I haven't clearly understood your trading style although I have gone through this thread twice. May be it is because of my English as well my knowledge on PA. Actually still on learning and yes will try to post charts when I am clear with the way you are trading.

Scorplusj Download this template if you use meta trader and load it on the euro/usd Monthly. I just quickly threw this together to unlock your brain . Keep in mind Stu will have many levels from the past when he was riding a horse and cart.

The idea i have shown here is i have looked at where current price is and i have drawn all the nearest opens and closes surrounding it. I have also marked inside that range the nearest low in white.

You can clearly see price is still attached to last months close. The whole idea is to trade off it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 46 KB
Click to Enlarge Name: EURUSDWeekly.png Size: 54 KB
Click to Enlarge Name: EURUSDM1.png Size: 27 KB
Attached File(s)
File Type: tpl Eu.tpl   2 KB | 351 downloads
  • #68
  • Apr 4, 2017 10:28am Apr 4, 2017 10:28am
Thank you very much rythmrig.
I will try it now.
  • #69
  • Apr 4, 2017 10:50am Apr 4, 2017 10:50am
Quoting scorpulusj
{quote} You are right. Haven't been really a winner at all. I do not like demo so now playing around with cent accounts and have burned some To be honest, I haven't clearly understood your trading style although I have gone through this thread twice. May be it is because of my English as well my knowledge on PA. Actually still on learning and yes will try to post charts when I am clear with the way you are trading.
Attached Image (click to enlarge)
Click to Enlarge Name: OHLC CONCEPT.jpg Size: 62 KB


So I Can look at chart and understand what each line is. Example could be December Open, Yesterday close, can label, colour whatever good for you.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2017-04-04_16-34-18.png Size: 30 KB


Same lines when zoom in I know what they are if it ticks boxes at my line what do we do ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2017-04-04_16-39-59.png Size: 23 KB


Same lines on Monthly chart look horrible but all there, So when you mark all of them you can zoom in. You could look at hourly chart and think it looks like there could be some resistance up ahead I will zoom in closer and see what OHLC I have near there ?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2017-04-04_16-37-53.png Size: 25 KB
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #70
  • Apr 4, 2017 10:52am Apr 4, 2017 10:52am
Quoting scorpulusj
Thank you very much rythmrig. I will try it now.


Here is another example ...GJ daily candle low reacted on a past current close and a rejected low. Currently on the daily candle pullback it was trying to crack the lvel marked on those lows.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 57 KB
Click to Enlarge Name: GBPJPYM1.png Size: 48 KB
  • #71
  • Apr 4, 2017 11:04am Apr 4, 2017 11:04am
Quoting rythmrig
{quote} Scorplusj Download this template if you use meta trader and load it on the euro/usd Monthly. I just quickly threw this together to unlock your brain . Keep in mind Stu will have many levels from the past when he was riding a horse and cart. The idea i have shown here is i have looked at where current price is and i have drawn all the nearest opens and closes surrounding it. I have also marked inside that range the nearest low in white. You can clearly see price is still attached to last months close. The whole idea is to trade off it. {file}...
Rythm thanks but better manual. It is part of process. When indicator puts line there it takes away the value and effort in doing it. Who put the lines there ? If look at monthly chart and mark them out manually, then look at weekly and mark them out, then look at daily and mark them out, this produces feel. They go in the head. You get to remember stuff so this is all manual. No appreciation for the level when something other than your eyes put the level there. I say it this way because I know it reinforces. So Scorp do it the long way and you will appreciate them better. Yes it takes time. The idea is not to trade off it now. Price and time away from level is must for new traders. So level is fresh. Once experienced then you do different stunts, we have to walk first, if you try to run now it will be like legs tied together OK ?

https://youtu.be/ErvgV4P6Fzc
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #72
  • Apr 4, 2017 11:10am Apr 4, 2017 11:10am
Quoting rythmrig
{quote} Here is another example ...GJ daily candle low reacted on a past current close and a rejected low. Currently on the daily candle pullback it was trying to crack the lvel marked on those lows. {image} {image}
With respect mate, we are using EU for charts so all one page. This isn't about trying to crack levels. This is just about price approaching a level, any OHLC. looking for it to react, get in get out, nothing more. We are not examining whether the daily pullback is trying to crack the level. This is getting ahead.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #73
  • Apr 4, 2017 11:14am Apr 4, 2017 11:14am
Quoting Stu Effex
{quote} Rythm thanks but better manual. It is part of process. When indicator puts line there it takes away the value and effort in doing it. Who put the lines there ? If look at monthly chart and mark them out manually, then look at weekly and mark them out, then look at daily and mark them out, this produces feel. They go in the head. You get to remember stuff so this is all manual. No appreciation for the level when something other than your eyes put the level there. I say it this way because I know it reinforces. So Scorp do it the long way...



Yes Stu the monthly Eu i did put them there manually but i chose the open closes and the nearest high or low to price for explanation . I could of went weekly and daily and so on but the chart would of been cluttered when explaining. Im not sure what your talking about indicator?
  • #74
  • Apr 4, 2017 11:16am Apr 4, 2017 11:16am
@Stu Effex @rythmrig

It is really kind of you to take time giving me detail explanation.
I started to get some more understanding on the idea. Definitely take time to read and practice right away.
Start from drawing in some lines on my chart to see how it looks.
Many thanks to you Gurus
  • #75
  • Apr 4, 2017 11:44am Apr 4, 2017 11:44am
Quoting rythmrig
{quote} Yes Stu the monthly Eu i did put them there manually but i chose the open closes and the nearest high or low to price for explanation . I could of went weekly and daily and so on but the chart would of been cluttered when explaining. Im not sure what your talking about indicator?
The attachment ? The chart will be cluttered this is idea, you have lots of levels, you zoom and reach for one as price approaches and all criteria met. What I'm saying is for this concept at this stage it is not about price still hanging around last month close, that part is irrelevant now. Yes experience you can trade every bounce off it but for new trader like scorp this will lead to take every little swing and that is not idea. The fact that it is still around LM/Quarter close means nothing. It can still fall through or rise, it's not about that anticipation of what it will do it is taking the reaction to a new level that has had price and time separation. When we start to talk about price still attached to LM close it muddies the water, it is not the idea. However if price now climbs or or falls say 60/70/80/pips or so then returns in 2 days/ 1 week and then hits with boxes ticked on 1 min chart then etc then it is back on the radar , ok ? So as of now since LM close is out of bounds for new guys. You need price and time away from level.
I know you are lot more experienced and understand how to scalp the skin off a rice pudding !

I'm sorry to be blunt on that mate but it is how it is and not wishing to be rude but detail can quickly be lost, hope you not offended.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #76
  • Apr 4, 2017 11:45am Apr 4, 2017 11:45am
Quoting scorpulusj
@Stu Effex @rythmrig It is really kind of you to take time giving me detail explanation. I started to get some more understanding on the idea. Definitely take time to read and practice right away. Start from drawing in some lines on my chart to see how it looks. Many thanks to you Gurus
No Talk of gurus mate. Just run with it.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #77
  • Apr 4, 2017 12:05pm Apr 4, 2017 12:05pm
I give this as an example of how you could generate the trade idea. Just because you take trade down on the 1 minute chart does not mean you have to be in and out of market all day. I take more trades through better understanding, it's not necessary. Ok so I just open a weekly chart, it could be daily or monthly no matter, I'm looking for fresh level. Ok so I see on weekly that price has been away from the open price of the week with white arrow for about 4 days and about 100 pis away. So we can agree that is a weekly open it meets criteria for time and distance of price away from level. So if price come back to that level we know it is fresh, so it has good chance of a reaction on 1 min chart if it returns to that level.
We have that level on 1 min chart. Then we apply box tick routine to the level.
Average swings
tick activity
better with hour close
etc etc all stuff I've already said.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_2017-04-04_18-03-04.png Size: 21 KB


It is always about finding precise levels price will react at, nothing more than that.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #78
  • Apr 4, 2017 4:43pm Apr 4, 2017 4:43pm
The time zone on my broker is different...ohlc is going to be different?

Does somebody have a tick volume indicator for mt4 in the likes of the one that is depicted? Thanks in advance.

Regards
  • #79
  • Apr 5, 2017 5:06am Apr 5, 2017 5:06am
Quoting Stu Effex
I give this as an example of how you could generate the trade idea. Just because you take trade down on the 1 minute chart does not mean you have to be in and out of market all day. I take more trades through better understanding, it's not necessary. Ok so I just open a weekly chart, it could be daily or monthly no matter, I'm looking for fresh level. Ok so I see on weekly that price has been away from the open price of the week with white arrow for about 4 days and about 100 pis away. So we can agree that is a weekly open it meets criteria for...
Stu, my fresh levels what you think?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 62 KB
The funniest, is that nobody takes me seriously.
  • #80
  • Apr 5, 2017 5:52am Apr 5, 2017 5:52am
Quoting FairTrader
{quote} Stu, my fresh levels what you think? {image}
Hi FT just for this one example could you put label on your lines please mate. If that is MT4 you using I think you can label then chose option to show label.
Cheers

Stu
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
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