The ideas that I trade by:

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PebbleTrader
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Postby PebbleTrader » Thu Feb 14, 2013 7:32 pm

Nice Chart Setup Newscalper
Life is just a journey

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prochargedmopar
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Postby prochargedmopar » Fri Feb 15, 2013 12:44 am

PebbleTrader wrote:Nice Chart Setup Newscalper


Those things "lag".

Who in their right mind would want to AVG. price even if it is a 1 period.......................?????? :?:

F' Me.
:roll:

WICK in direction of loss
BODY in direction of profit.
MO.
#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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newscalper
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Postby newscalper » Fri Feb 15, 2013 10:37 am

I think you're missing the point.
You're looking at the median rather than the close.
It lags no more than waiting for a price bar to close which is a lagging indicator just the same.

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PebbleTrader
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Postby PebbleTrader » Fri Feb 15, 2013 3:23 pm

Correct, it's not lagging with those settings.

The "average" of 1 candle is the same candle...
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Postby PebbleTrader » Fri Feb 15, 2013 3:24 pm

He explained why he is looking at the midpoint a few pages back...
Life is just a journey

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Postby paweldobkowski » Fri Feb 15, 2013 4:51 pm

prochargedmopar wrote:
PebbleTrader wrote:Nice Chart Setup Newscalper


Those things "lag".

Who in their right mind would want to AVG. price even if it is a 1 period.......................?????? :?:

F' Me.
:roll:

WICK in direction of loss
BODY in direction of profit.
MO.


We can say the same thing about candles as they AVG the ticks (order flow) and create a graphic representation (candles). You just learnt to analise it as it is.

Also, why would You criticize lagging indicators using MACD and BB Yourself?

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Postby MightyOne » Fri Feb 15, 2013 7:51 pm

Just my thoughts on where gold may be heading if the trend does not break to the upside:

Image

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Postby lazygeorge » Fri Feb 15, 2013 8:17 pm

MightyOne wrote:Just my thoughts on where gold may be heading if the trend does not break to the upside:

Image



How do you define trend?

I would say ranging between 1800 and 1500 approx.... in overall uptrend..
Would not rule out lower than 1500..maybe 1200-1300...
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prochargedmopar
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Postby prochargedmopar » Sat Feb 16, 2013 1:44 am

prochargedmopar wrote:
PebbleTrader wrote:Nice Chart Setup Newscalper


Those things "lag".

Who in their right mind would want to AVG. price even if it is a 1 period.......................?????? :?:

F' Me.
:roll:

WICK in direction of loss
BODY in direction of profit.
MO.


Yes, I read that.
Interesting.

I was hoping you guys would take it as the chuckling joke that it was intended to be.
Seen my charts the last few years?
Spaghetti.

Guess I need to change my tone of voice.
:lol:
#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 es/pip » Sat Feb 16, 2013 4:20 am

MightyOne wrote:Just my thoughts on where gold may be heading if the trend does not break to the upside:

Image


One of my long term strategies( that i will not disclose), is not based on momo, PA, volume etc etc.

I trade it with long term options.


According to "my theory" in December of 2011 gold should hit 1497.00 before breaking highs.

Hopefully it will break 1478. If it does then that "might" setup a massive upside move to 1914 ish or higher.

around 2/12 i loaded up puts for that target. Took some off and made ok on it, but kept the majority of it and ended up just + a smidge on it.

The target is still in play based on my theory...... have been short again since sept 2012 and again looking for the 1497 area.

Some puts

Some futures

Some ETFs

Time will tell.


From an economic/world viewpoint i think we will see 5k 10-15k ish gold in the next 5 years.

har har wtf knows though, i have no idea, but i think we are in for an enormous s**t storm. may take 1 year may take 20 years, i have been saying it will happen for years. I do not think i am wrong, just a smidge early on it all.


I tried to use this strategy intraday and for some reason i cannot make it work, long term it is fairly accurate though.
Bend over and assume the position for another 4 years of hope and change.

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