By all means ... apparently we each get what we want from the internet as well the markets. Play through ...
Best Wishes,
Thales
fib. expansion and retrace in forex
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By all means ... apparently we each get what we want from the internet as well the markets. Play through ...
Best Wishes,
Thales
Quote from brownsfan019:
thales - good to see ya! Didn't think you came around these parts.
Hope you are doing well.
I don't usually unless looking for friends from the old neighborhood.
Good to see you, old friend.
Best Wishes,
Thales
ED Seykota
the lad is a futures trader, but the same rules apply to all markets.....
" Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money......."
" It can be very expensive to try to convince the markets you are right......"
" Trend following is an exercise in observing and responding to the ever-present moment of now...."
" If you can't take a small loss, sooner or later you will take the mother of all losses......."
http://www.youtube.com/watch?v=LiE1VgWdcQM
my setups are based on the last two quotes.
s
the lad is a futures trader, but the same rules apply to all markets.....
" Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money......."
" It can be very expensive to try to convince the markets you are right......"
" Trend following is an exercise in observing and responding to the ever-present moment of now...."
" If you can't take a small loss, sooner or later you will take the mother of all losses......."
http://www.youtube.com/watch?v=LiE1VgWdcQM
my setups are based on the last two quotes.
s
Many thanks S for your insight and of course the other great traders here. It is nice to know that I'm not loosing my marbles and that there are people who actually make a living with this which still eludes me!!
Yes, tend following, RD and the 5/20 day cross along with GLanes stochs and of course the macd.. or you could wait for a daily fractal to appear also (albeit 3 candles late), all lagging indicators, hence they 'follow the trend' after it starts and so I suppose one has to hope it continues or hits your sl and you wait for the next one, could be a big one that more than makes up for the ones that dont follow through etc., I have combined and used these with some success. If my understanding is wrong please correct me as I am very new to trading.
The only others I have found to be quite profitable are harmonic patterns, especially when in combination with the above. On the eur/usd we currently have a bullish harmonic pattern on the weekly timeframe which is still emerging?
I am also very wary on trading anything less than the daily timeframes/4hr.
The eur/usd seems to trend better than the gbp/usd which is very volatile.
S, I was quite surprised a few posts earlier where you dismissed timeframes? Can you elaborate.
Yes, tend following, RD and the 5/20 day cross along with GLanes stochs and of course the macd.. or you could wait for a daily fractal to appear also (albeit 3 candles late), all lagging indicators, hence they 'follow the trend' after it starts and so I suppose one has to hope it continues or hits your sl and you wait for the next one, could be a big one that more than makes up for the ones that dont follow through etc., I have combined and used these with some success. If my understanding is wrong please correct me as I am very new to trading.
The only others I have found to be quite profitable are harmonic patterns, especially when in combination with the above. On the eur/usd we currently have a bullish harmonic pattern on the weekly timeframe which is still emerging?
I am also very wary on trading anything less than the daily timeframes/4hr.
The eur/usd seems to trend better than the gbp/usd which is very volatile.
S, I was quite surprised a few posts earlier where you dismissed timeframes? Can you elaborate.
" The only others I have found to be quite profitable are harmonic patterns........"
my setups are harmonics, take a closer look......
W and M patterns......
i will not comment on what you see in the charts and other time frame setups, other than to say the " shop stuff " spans all timeframes and all markets.
it is global.......
the phases of the moon, tide charts and talking heads do not affect it......
range bars are cleaner to see simple patterns, and watch the trend unfold....
hence my preference.
for a few hours, the Obama henchmen screw with the charts, then market order is restored as we " play thru........."
so to speak.....
you will find the suits push the market in the direction of the existing trend in progress, a very high % of the time.......
in the early days of learning the game, it would seem that we had more than one head and no marbles
money, once made is a powerful tool, do a third party some good with it.
s
my setups are harmonics, take a closer look......
W and M patterns......
i will not comment on what you see in the charts and other time frame setups, other than to say the " shop stuff " spans all timeframes and all markets.
it is global.......
the phases of the moon, tide charts and talking heads do not affect it......
range bars are cleaner to see simple patterns, and watch the trend unfold....
hence my preference.
for a few hours, the Obama henchmen screw with the charts, then market order is restored as we " play thru........."
so to speak.....
you will find the suits push the market in the direction of the existing trend in progress, a very high % of the time.......
in the early days of learning the game, it would seem that we had more than one head and no marbles
money, once made is a powerful tool, do a third party some good with it.
s
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