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firewalker

The Lounge

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This is a new thread where everybody of the 'live trading group' is free to post links to interesting articles, comments, newsfeeds, charts, videos,... as long as it isn't offensive according and it has some revelance to the stock market or trading in general. You may also copy & paste texts here in your posts, if you're sure you are not violating any copyrights.

 

For the record, the posts I make do not necessarily reflect my opinion or thoughts on the matter.

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EJ feels like this so far........

 

 

what have you done with EJ? Its normally quite trendy.

 

not a good day. managed to get +20 (not shown on Live Trades) on GU.

 

It started to congest around 1.9560 so I bailed out, only to see it drop further.

So I missed out on making my +20 pips a day. Currently -13.

 

I may not post further trades, as I seem to be jinx myself.

But will post for rest of week, juts as experiment.

 

Hope the afternoon session helps me recoup something.

 

EDIT: CMC showing my +20. cant post as live trade.

cmc-may19.jpg.9bb26dba323c022a409b20dc486e803d.jpg

Edited by myrtleturtle

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It normally averages 3/2 so worry not. Monday through Wednesday last week were great with dire end to the week so looking for the opposite this week! He says, in hope!

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4pm - end of trading for me.

4 trades, 3 losers, 1 winner. -15, -18, +20, -17.

Nett = -30 pips.

 

EURJPY! what can I say. poor start to week.

 

hope you had a better one.

 

Is TL mostly VSA, S/R and Price Action then? Harldy any "new" systems being bandied about, ie, "indicators", or is that a bad word round here?

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4pm - end of trading for me.

4 trades, 3 losers, 1 winner. -15, -18, +20, -17.

Nett = -30 pips.

 

EURJPY! what can I say. poor start to week.

 

hope you had a better one.

 

Is TL mostly VSA, S/R and Price Action then? hardly any "new" systems being bandied about, ie, "indicators", or is that a bad word round here?

 

Going by the ''busy day tomorrow'' thread mate, we are in the minority. With us being lowly retailers and only a chart as company, competing with GJ the bank trader and the US wealthy family of Anna/Jocelyn/Milliard and co with all the technology, news and prime access, we are at the lowest run of the ladder, indicators or price action!

 

As long as we are making money!

 

Don't think I will be as useful as I thought I may be here though! Keep too myself I think! :embarassed::embarassed:

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Hi Guys, can somebody advice me, I keep getting e-mails Reply to Live Indices Trades, ho do I disable it as its blocking up my e-mail. ta

 

Dinos

 

A quick way of doing it, is to click on " Thread Tools " at the top here and then select " unsubsribe from this thread ".

 

Cheers

 

Blu-Ray

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Sarcasm is the lowest form of wit, but I can't help it! Of course it is pissing it down!

 

I'm just going to post a chart here for firewalker and then head to the chat lounge room in case anyone else is as bored as I!!

all.thumb.gif.0a1f64a57c90b8c7db2a7c03e1386543.gif

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wasp, how do you draw your trend-lines?

 

I can see the levels, and am getting used to seeing them. I see them as tight Inside bars at extremes, waiting for an explosive break-outs.

I have begun to be wary of them, and over-ride my arbitrary MAs.

 

The trendlines I draw either by joining lows to lows, or highs to highs.

Havbe tried closes to closes, and get slightly variant lines, but nothing too different.

 

But, you seem to be joining closes to lows, etc.

 

I either use one method or t'other.

 

Have looked at your journal, but still not any the wiser.

 

I can see the 162.3 zone, and where we are now is the 50% retrace of that initial upmove.

 

EDIT: you have been very generous with your charts and views. You should demand that we show our working out first, just to check we are getting it right. Will try to post a S/R and TL chart soon.

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GBPCHF. I dont trade it, but tis one you havent posted, so its all my own work.

 

Blue lines are 4-hr S/R lines. joining horizontally lines were most seem to hit.

 

the second chart is on 1-hrs. the yellow zones are tighter ranges relative to previous action, or outside bar with many bars action within it, also possible areas of breakouts.

 

the trendlines are high-high, and close-close. essentailly same angle, but at different places.

 

The ATR(4) is just to show low values, showing tight ranges.

 

sorry if I am going in different directions, but I reckon tight ranges indicate indecision, and likely places for decent breakouts, where I would set my MAs aside.

 

feel free to ridicule.

gbpchf-h4.thumb.jpg.8763f1bebb8afb6b0c7129310a1eaf3c.jpg

gbpchf-h1.thumb.jpg.a26c2d449811b60a1c07d943a61c8cc3.jpg

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wasp, how do you draw your trend-lines?

 

I can see the levels, and am getting used to seeing them. I see them as tight Inside bars at extremes, waiting for an explosive break-outs.

I have begun to be wary of them, and over-ride my arbitrary MAs.

 

The trendlines I draw either by joining lows to lows, or highs to highs.

Have tried closes to closes, and get slightly variant lines, but nothing too different.

 

But, you seem to be joining closes to lows, etc.

 

I either use one method or t'other.

 

Have looked at your journal, but still not any the wiser.

 

I can see the 162.3 zone, and where we are now is the 50% retrace of that initial upmove.

 

See chart attached.

 

 

EDIT: you have been very generous with your charts and views. You should demand that we show our working out first, just to check we are getting it right. Will try to post a S/R and TL chart soon.

 

I'm not doing this for you to copy me Myrtle! the intention was to rouse discussion and for people to poke holes in what seems to me to be technical analysis 101. I don't mind of course if you do do the same but don't take this as me trying to post the holy grail, just musings for what I look at.

 

GBPCHF. I dont trade it, but tis one you havent posted, so its all my own work.

 

Blue lines are 4-hr S/R lines. joining horizontally lines were most seem to hit.

 

the second chart is on 1-hrs. the yellow zones are tighter ranges relative to previous action, or outside bar with many bars action within it, also possible areas of breakouts.

 

the trendlines are high-high, and close-close. essentailly same angle, but at different places.

 

The ATR(4) is just to show low values, showing tight ranges.

 

Attached my view of GBPCHF and slightly different. Will draw lines all over yours shortly and post it back up... see how we differ!

 

sorry if I am going in different directions, but I reckon tight ranges indicate indecision, and likely places for decent breakouts, where I would set my MAs aside.

 

feel free to ridicule.

 

Tight ranges are nothing more than a lack of volume as its a public holiday here and over in the states is all. Just look at a larger view to see we are still closer to resistance (underneath) so as 9/10 price will go from level to level, EJ should still head for 162.30 imo.

 

I have also attached a view of the monthly charts of EJ using exactly same view plus an array or markets.

 

All use large frame supply and demand levels couple with shorter term trends for defining when supply/demand is taking over and getting the best entry possible.

lines.thumb.gif.b634efeb245b75006aeaaa41384b68f2.gif

SR.thumb.gif.50d6e96dd3158d5e0740e685c260b13b.gif

monthly.thumb.gif.20c3c0bc159d571e99c286d8b08db455.gif

5aa70e6b397db_240mmulticharts.thumb.gif.1f37fbe6442d92cfa717bbd9baeee18a.gif

gbpchf.thumb.gif.f014bc1b7e7959cc18396581bc40ee6f.gif

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At the moment, until a decent short trend line cross @ upper 163.04 region appears, I am still long from 162.73 as it became more of a solid level over the last few bounces...

 

Whilst larger TF's suggest down, I go by what the chart tells me so waiting for a break or rejection/crossover...

ej.thumb.gif.452207a86c1382f3819bf762ba9ee326.gif

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