Aliassmith Psychology 101 and other stuff

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poipen
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Postby poipen » Sat May 29, 2010 11:11 pm

aliassmith wrote:
Anything is possible now :D


http://www.youtube.com/watch?v=RDF7QogcFmU

congrats again alias, your a very inspirational trader :)

but of course that doesn't give you permission to quit posting XD
jkjkjk
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Postby aliassmith » Sun May 30, 2010 12:08 am

poipen wrote:
aliassmith wrote:
Anything is possible now :D


http://www.youtube.com/watch?v=RDF7QogcFmU

congrats again alias, your a very inspirational trader :)

but of course that doesn't give you permission to quit posting XD
jkjkjk


That was a great movie :)
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Postby aliassmith » Sun May 30, 2010 1:34 pm

Comparison of a Line representation of price and a Custom Candle of
the same price.
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customcandle.JPG
customcandle.JPG (22.84 KiB) Viewed 1020 times
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Postby aliassmith » Sun May 30, 2010 3:30 pm

An H1 Range + 50%Correction + Rat Entry
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aliasmay28euh1x.gif
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Postby MightyOne » Sun May 30, 2010 3:37 pm

aliassmith wrote:Comparison of a Line representation of price and a Custom Candle of
the same price.


A trend is a trend is a trend, but I still prefer candles ;)



Image

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Postby MightyOne » Sun May 30, 2010 3:52 pm

aliassmith wrote:An H1 Range + 50%Correction + Rat Entry



Did you exit on that large body?

Would have been a good idea :wink:

EDIT: NVM, I see that you were ~targeting the previous high extreme.

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Postby aliassmith » Sun May 30, 2010 4:07 pm

MightyOne wrote:
aliassmith wrote:Comparison of a Line representation of price and a Custom Candle of
the same price.


A trend is a trend is a trend, but I still prefer candles ;)



Image


I am not saying to use line charts. I made them to show a comparison
between price and custom candles.

Actually the line chart is a representation of candles also.

Trust me I prefer using candles as well for more information.

The simple pic was more for thought provoking than anything.

What's going on inside :!:
and
How can this price be thought of simply :!:
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Postby aliassmith » Sun May 30, 2010 4:11 pm

MightyOne wrote:
aliassmith wrote:An H1 Range + 50%Correction + Rat Entry



Did you exit on that large body?

Would have been a good idea :wink:

EDIT: NVM, I see that you were ~targeting the previous high extreme.


I target near previous highs/lows. The actual exit is based on what I see
near that area. Possible SL at breakout points, or SL past the extreme for
example.
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Postby Brookmyre » Mon May 31, 2010 1:42 am

aliassmith wrote:"I think I see what you mean....thankyou"

Do you THINK you SEE it or do you really SEE it? Becasue if you are not
sure let me know and I'll try to explain it better if I can.


Im pretty sure I understand what you meant....your looking at the impulse move on the m5, waiting until it makes a new HH or LL and marking the extremes with the fib to watch for the 50% retrace......please correct me if Im wrong.

Are your entries with the H1 or simply when you get your entry signal?
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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Postby aliassmith » Mon May 31, 2010 1:48 pm

Brookmyre wrote:
aliassmith wrote:"I think I see what you mean....thankyou"

Do you THINK you SEE it or do you really SEE it? Becasue if you are not
sure let me know and I'll try to explain it better if I can.


Im pretty sure I understand what you meant....your looking at the impulse move on the m5, waiting until it makes a new HH or LL and marking the extremes with the fib to watch for the 50% retrace......please correct me if Im wrong.

Are your entries with the H1 or simply when you get your entry signal?


Ya you seem like you understand. I use other timeframes to be on the
look out for problem areas. Typically don't try to ride a M5 move thru a
H1 s/r area, for example.
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