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prochargedmopar
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Postby prochargedmopar » Sun Dec 09, 2012 2:42 pm

AJ H4

I'm sure EVERYONE here can build a much better system than this PROFITABLE method.

What if you actually used HISTORICAL sup/res levels instead of blindly trading off a round ##?
What if you took trades ONLY in the direction of a simple trend line at these very real levels you've drawn?

Hmmmmmmmmm



http://screencast.com/t/GMguEhUAi
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby prochargedmopar » Sun Dec 09, 2012 2:47 pm

It's what you do when your wrong that counts.
And a little bit of what you do when your right doesn't hurt either.
Space Balls!!!!
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby newscalper » Sun Dec 09, 2012 10:26 pm

es/pip wrote:
newscalper wrote:Doji, hehe, sorry to be terse once again but why be SO cryptic if all you're talking about again is a retest? We all know it, we all see it. We've all shown charts showing it.
People would get results around here a lot quicker if there was a bit less of the mysticism.

And personally again and again I'm getting crushed trading it. Because it always boils down to which illusion you are trading.

What do I mean by which illusion? You guys are going on candle bodies and not price extremes. Extremes exist on all timeframe charts. Bodies do not.

Shall I repeat that: bodies do not.

Place your bias based on the 3 hour chart or some different brokers 4 hour chart and many times it will be totally different because the candles are not closing the same. What do you think 3xcc is about? It's not just about seeing momentum, it's to get around time-shifts because of different broker times. There is no magic line on the 4 hour chart where price turns on the 15 every time sorry guys. Have you never read 'Fooled by Randomness'?

If all you're showing is higher highs higher lows etc, nothing new under the sun. If you're showing something else, please explain. Ta.


I wouldn't say he is being cryptic, obviously he will come and post a response i am sure, but i just wanted to say this again.

At least from my experience, i firmly believe that it just is time on the charts that allows a person to feel it and see it all.

It is perception in a way i guess, maybe a little feel involved as well.

I look at the chart and i see what the other traders are doing, where they are in a position and where their stops are. I then either trade to zero them out or i wait and then take their stops and fade the move that takes their stops.

The big boys need liquidity in order to get their positions in the market. So they move the market to where there will be liquidity (zero line, s/d or stops).

This happens on all time frames, and you could just trade a m1 chart and look at nothing else; however, you would make a lot more trades and have a lot more losers.

SO

You trade a small time frame based on larger time frames. If you get a great looking m15 momo long trade but it is back into a large down h4 momo, then odds are not as good if say the other larger frames were also saying the same as your entry chart.

Having said all of that. At least for me, things change in an instant. i can be long biased but only end up trading short at times.

I really do not know how to explain it other than looking at the chart and really trying to feel the other traders and what they are doing. Find where they are positioned and where their stops are. Then find where other traders who are not in the market yet, and feel where they get in and get trapped and fade them.


Try and think like a market maker and you are executing huge order trades, and you do not want to move the market too much on your entry ( to an extent). The only way to do this is to trade where the liquidity is.

There is no 100% method, it may be out there but i do not have it, on Friday i made 45 trades and had 10-12 losers or BE ( across 3 diff markets).

That was more than usual, but i will trade what i see, and at times if i see a trade in 6e that i can get 5ish ticks i will take that all day long. On the es i will take trades that have a 3 tick target, other trades will have a 20-30 tick target. if the range becomes small i trade the traders in that small range, if the range expands i trade the traders in the larger range.

That may be a better way to say it, don't trade the chart, trade the other traders.

It is like MO has said before, poker and trading go hand in hand. When you play poker you are not always playing your cards, but you are playing the other people at the table based on their actions.

Same thing in trading.

Thought I'd quote this cos it's a really nice post. Thanks :)

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Postby newscalper » Sun Dec 09, 2012 10:47 pm

dojirock wrote:(silence)...hmmm...ugh...lol
I'm not trying to be cryptic. I'm going to quote MO here "Why do you guys make it so damn difficult" :roll: :roll:
I guess you can word it as a retest?, I didn't say anything about a retest. I disagree that we all know it, we all see it, we all show charts showing it, or we wouldn't be having this conversation. A retest could be a truth, but not the only truth.Not the only way to explain what I see either.
mysticism. Not my intent, sorry.
There is no illusion with this, your referring to something you haven't observed, not whats happening.
If you want to trade extremes, which I don't, and don't know even what they are for sure, that is what you have learned. Hey, i'm gonna type one of my new favorite quotes "Sometimes we need to stop learning and start thinking" I'm just using the bodies for this observation.
I'm sorry, they do for me. I see bodies on every chart? No?
It doesn't matter, take the time equation off it, you could hide the what time chart it is, it doesn't matter.
I agree, you may enter at x, I may enter at Y, but the direction is still correct. I do use wicks, extremes?, also but for entries...nothing else.

"If all you're showing is higher highs higher lows etc, nothing new under the sun." I can think of at least 5 ways to explain this.

" If you're showing something else, please explain. Ta."[/quote
That is what im trying to do.. Please re read my last post to you.

I dont take this as an attack, and please dont take this as sarcasm im just trying to explain it.

Not taken as either :)
So are my entries bad or what? Something like 6 losses in a row now?
Breakout, retrace, entry, crushed?
Or am I just REALLY good at keep taking the last breakout in a trend when it ends and comes back and bites me in the ass?

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dojirock
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Postby dojirock » Mon Dec 10, 2012 12:00 am

Hi Newscalper,

Can you post the trades, on naked charts and mark the entry and sl......
I will see if i can give you some insight.

Either here or in the room....thanks
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Postby Jalarupa » Mon Dec 10, 2012 4:44 am

prochargedmopar wrote:Trading is 99% psychological.



Look at this H4 chart of EU.
Look at this crazy F'er trading against the "TREND".

Rule #1
Enter on a "fresh" touch of the big figure after price has moved 100 pips to get there.
Rule #2
Use a 30 pip stop and 30 pip take profit.


How many pips do you make, how many do you lose?

Any questions?
Ask yourself WHY, the real reason WHY you are NOT successful at trading.




Sometimes we all make stupid mistakes...

Last week I "called a top" at 1.3050 without any H1 MOMO to support my accusation... :roll:

I ended up holding whilst helplessly watching price make higher highs and trade off long MOMO and Opens until it maxed out 75 pips into my 100 pip space...

I then waited for price to drop and I added... made 6% last week and almost lost 2.5%...

Moral of my story... I needed to be more patient as I am not, and follow the H1 MOMO AFTER it moves in my direction... and being in a longer term trade keeps me out of the market, maybe its time for a scalping account...
:smt065

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Postby pinux1976 » Mon Dec 10, 2012 9:03 am

Help from who master this method
In this sample we search for a short entry or a long entry?
The main trend how do we find? HTF such as 4 H (the gray and blu candle)



http://s18.postimage.org/ux9a011gp/trend.png

thanks to all

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Postby newscalper » Mon Dec 10, 2012 10:39 pm

OK
This was the last one I think. It's really difficult for me to do this because the transaction history in OANDA is in ET and my MT4 isn't. It's the last trade I potsed up here on Kreslik anyway
Image

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Postby es/pip » Mon Dec 10, 2012 11:21 pm

newscalper wrote:OK
This was the last one I think. It's really difficult for me to do this because the transaction history in OANDA is in ET and my MT4 isn't. It's the last trade I potsed up here on Kreslik anyway
Image



1. this is not great for future longs in this area

2. longs could be back in play

3. not anymore

4. this is short now

5. the good long was here

2nd chart looking inside to see what is happening

1. is short

2. is short

3. is short

4. is short

3rd chart --- h1 not bullish after those highs


edit--------- charts loaded reverse

bottom chart is chart 1

middle is # 2

top is chart 3
Attachments
kres 1.gif
kres 1.gif (17.27 KiB) Viewed 3080 times
kres 2.gif
kres 2.gif (17.4 KiB) Viewed 3080 times
kres 3.gif
kres 3.gif (18.43 KiB) Viewed 3080 times
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Mon Dec 10, 2012 11:35 pm

also keep in mind this is my view, and for the most part i just scalp.

So my view point may not matter to what you were trying to accomplish with the trade you had on.

either way, i would have been tight on that trade based on the h1 action and area it came back into.
Bend over and assume the position for another 4 years of hope and change.

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