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discussion on fundamentals influence on rule-based trading

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Jalarupa
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Postby Jalarupa » Fri Nov 01, 2013 8:17 pm

When I told my Dad I'm quitting my job to trade the markets he said;

"Thats great news, because when you work for yourself... You work like a bastard!"

So far been up since 2am Friday Morning and off to bed now 10:30pm Friday Evening...

Good Nite! :-s
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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PebbleTrader
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Postby PebbleTrader » Fri Nov 01, 2013 11:40 pm

When you work for someone else, you work just hard enough that they won't fire you :)

and...

They pay you just enough that you won't quit :)
Life is just a journey

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Jalarupa
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DXY

Postby Jalarupa » Sat Nov 02, 2013 5:48 am

Image


Image


Image


Piecing the Dollar puzzel together...

Looks like some formidable resistance ahead... which seems to confirm the cones drawn on the AU and EU on the previous page...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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Jalarupa
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Mo Nuggets

Postby Jalarupa » Tue Nov 05, 2013 8:20 am

MightyOne wrote:As I see it:

Image
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Jalarupa
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Postby Jalarupa » Tue Nov 05, 2013 9:25 am

If I'm understanding this correctly...

There's a nice short brewing on the USDZAR

Image


Hmmmm... the same thing, but different...

Image
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Postby Jalarupa » Tue Nov 05, 2013 1:28 pm

Been playing some ping pong with this AU... :D

Image


Clearer Pic

Image


Image
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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Mo Nuggets

Postby Jalarupa » Wed Nov 06, 2013 5:47 am

MightyOne wrote:
Jalarupa wrote:
MightyOne wrote:Another example of an imperfect triangle:

Image


Do you mean, imperfect as in the triangles are difficult to draw in real time?

Because that's what I am seeing... unless you initially drew the top red line off the double hook BO's and then moved it down...

The angles seem very large, it's that cause for imperfection?

Thanks for the visuals


A perfect triangle has channels that are full of price actions where as an imperfect triangle is mostly empty.

If you have the first hook and the second hook is more of a breakout...and if price returns to the general area of where the second hook should be (close in proximity to the first) then you can detect a triangle.

Not to get mystical, but I am looking at the "spirit" of the pattern & not so much the lines themselves.

I trade price action with horizontal lines but I try to understand price action with diagonal lines & fractal triangular patterns.

It is not as hard as it looks, learn the basic methods of spotting them and then learn to feel price action; not with your eyes, but with your heart.
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Postby Jalarupa » Wed Nov 06, 2013 6:34 am

Image


M30

Image


MO's process on the M2 and my attempt to replicate

Image


Keen to short now... 7 Tick analysis
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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Postby Jalarupa » Sun Nov 10, 2013 7:49 pm

Okay, So I'm looking at Macro Europe here...

Image


Still not sure if the bottom is in... will wait for subsequent green momo (or a pull down to a demand zone below) and make a call then... But I have my eye on this...

If this currency goes up it means Euro is bullish (more bullish than pound) and the Euro fell hard this last week... but had been kept afloat by that really nice and critical 1.33 level...

Image


Hmmm.. triangles say maybe... at these levels... encouraging levels...

Image


Now with the GBP being the counter currency a bullish move would move the EURGBP higher [edit my disleksia kicking in again ... its the other way round... a bearish move is positive for the EG]... selling in Sterling will help the sell side of the pairs equation in this example...

There seems to be room for bullish moves higher if we can break the Mighty Zone above current price and join in the range / cone expansion let's see what develops... but if the MZ holds we could see a move higher in EG
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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Jalarupa
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Postby Jalarupa » Wed Nov 20, 2013 7:36 am

It is said that the first sign of madness is talking to yourself...

Well in that case... :smt091

So starting with the end in mind... (this echo's MO's statements and some realizations that I have picked up from others)...

Large time frame areas... where the big money wants to go to get their self fullfilling prophecy realized...

EURUSD H4
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Step 1 find the FAT CAT/ZL/MZ MO FO's and Look to trade towards them...

EURUSDH1
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Step 2 The trend is your friend :shock:'ing I know...

EURUSDH1
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ZeroLines and MOMO

Step 3 Lines that Price may or may not pass...

EURUSDM3
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Step 4 Zoom in and Out and look for Cones and Triangles...

EURUSDM3
Image


Step 5 Start getting creative

EURUSDM3
Image


Step 6 Look for convergence and Pull the trigger... 8)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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