Mr.Black
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Silvertip
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The rise and fall at the end of that chart is because of economic data. That was the US CPI release... The pop and drop that occured is pure economic data at its most obvious. The true price is back where it ended up within 60 minutes of the data release. If you traded that you got extremely lucky !
this
http://www.trade2win.com/boards/attachment.php?attachmentid=24258
was posted here, live
http://www.trade2win.com/boards/showthread.php?t=22460&page=23&pp=10
edit: I traded this, and to be honest, i got too lucky for 75 pips.
http://www.trade2win.com/boards/attachment.php?attachmentid=24258
was posted here, live
http://www.trade2win.com/boards/showthread.php?t=22460&page=23&pp=10
edit: I traded this, and to be honest, i got too lucky for 75 pips.
Mr.Black
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You are absolutely right My Brother . That is the economic data that moves the charts not the opposite.....Silvertip said:
This is what actually happened . You can see the coiling price and the Breakout when the news was released....I was lucky to catch the breakout and to exit whit some profit... Attachments
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Silvertip
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Ofcourse it matters what caused it.... If you take that attitude you will be bankrupt before you know whats hit you. You are essentially saying that you entered the market based on a strategy that did not manifest, however by a pure stroke of good fortune, economic data was released that happened to take you to your anticipated target.
If it does not matter what the cause was, explain to me what would have happened if US core CPI had came out as +0.4 ? Would it have mattered then ?
If it does not matter what the cause was, explain to me what would have happened if US core CPI had came out as +0.4 ? Would it have mattered then ?
Mr.Black
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On 4hr chart that I assume you talking about.....from last week....yes first is the breakout to up side ,but you dont have momentum conformation.....on MACD ....When you have that confirmation the price is breaking to the down side ....Only than you can enter a position...Which in this case will be short.....Naturally everybody is free to take every trade he wishes if the one have Stop order.....clam61 said:
Silvertip
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There is nothing innacurate or misdirected with regards to providing an ongoing critical analysis of any given subject for discussion. Infact, nobody anywhere in the world throughout history made any progress by sitting around a table all nodding heads toward each other, as the only way to refine and improve awareness is to seek diversity within the static variables that are applicable to the given situation. I appreciate for those whom are not philosophically minded, this concept of critical analysis is often too much to bear, and for those the natural response is to become defensive in an attempt to protect their illusory environment underpinned by the ego driven manifestation they perceive and believe to be reality, thus subsequently making the unconscious choice to impose upon others the original static variables in the form of pure unrefined dogmatic textbook regurgitation, without any consideration for the potential of latent flexibility or system improvement.
With all respect to mojazz, his wolfewave was nothing more than a spin of the roulette at the casino, as if US core CPI had came out positive the EURUSD would have tanked down, but infact it came out flat, and this is why we saw the pop and drop. A system based on this lack of preparation is going to provide no better than 50/50. One month the core CPI is +0.4 the next it is -0.1, no pattern, no predictive quality. Perhaps if one thinks about what I have just said, it will become apparent that my way of viewing this situation is indeed of greater accuracy. But ofcourse if it aint in the book, it is not possible for some to accept as they cannot see beyond the parameters of the book.
I note it is quite futile trying to expand peoples mind beyond that which they feel safe with, and therefore dont see any reason to continue replying to posts. If people could only demonstrate the capacity of mental fluidity it could be a whole lot more constructive.
With all respect to mojazz, his wolfewave was nothing more than a spin of the roulette at the casino, as if US core CPI had came out positive the EURUSD would have tanked down, but infact it came out flat, and this is why we saw the pop and drop. A system based on this lack of preparation is going to provide no better than 50/50. One month the core CPI is +0.4 the next it is -0.1, no pattern, no predictive quality. Perhaps if one thinks about what I have just said, it will become apparent that my way of viewing this situation is indeed of greater accuracy. But ofcourse if it aint in the book, it is not possible for some to accept as they cannot see beyond the parameters of the book.
I note it is quite futile trying to expand peoples mind beyond that which they feel safe with, and therefore dont see any reason to continue replying to posts. If people could only demonstrate the capacity of mental fluidity it could be a whole lot more constructive.
Silvertip
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clam61, you have demonstrated time and time again that you are unable to think for yourself, you are unable to think beyond the parameters of the book, this is why you talk about textbook formations and nothing else, because you quite simply dont understand anything beyond your textbook conditioning, or indeed how to develop your own critical thinking processes. Any perceptive individual will be able to identify this truth with the minimum of analysis, because they themselves are traders who have walked the same path I have myself.
With regards to explaining what was wrong with the EURUSD formation... By the very fact you have had to ask this question proves you are either not reading my posts, or not absorbing the message, or choose to ignore the message for reasons known only to yourself, and you now have suggested that you have defeated me? This proves everything that I have said... you are so conditioned by the book that you are unable to think critically, or accept that other people are aware of formations that transcend elementary waves structures such as wolfewave, and choose to interpret critical analysis of your current awareness in the pursuit of furthering the advancement of wave theory as an attack upon your textbook conditioning. This is factual, as you would otherwise not have made the statement that you had defeated me, this proves you assume that I'm attacking you as opposed to offering critical analysis.
What logical reason is there, even the most remotest reason I would wish to attack either you or the textbook system? What practical benefit does that provide anybody? Absolutely none, so why do you assume my critical analysis is some kind of attack? It is clear you know very little about wave structures or you would embrace what I have said...
Its clear that replying to this thread is a pointless process as you quite simply would not understand what I'm saying if I sat here and typed for 100 years, you would continue to interpret everything I type as a personal attack, or an attack on your elementary textbook conditioning, and for that reason I see no further reason to post as its a complete waste of my time.
With regards to explaining what was wrong with the EURUSD formation... By the very fact you have had to ask this question proves you are either not reading my posts, or not absorbing the message, or choose to ignore the message for reasons known only to yourself, and you now have suggested that you have defeated me? This proves everything that I have said... you are so conditioned by the book that you are unable to think critically, or accept that other people are aware of formations that transcend elementary waves structures such as wolfewave, and choose to interpret critical analysis of your current awareness in the pursuit of furthering the advancement of wave theory as an attack upon your textbook conditioning. This is factual, as you would otherwise not have made the statement that you had defeated me, this proves you assume that I'm attacking you as opposed to offering critical analysis.
What logical reason is there, even the most remotest reason I would wish to attack either you or the textbook system? What practical benefit does that provide anybody? Absolutely none, so why do you assume my critical analysis is some kind of attack? It is clear you know very little about wave structures or you would embrace what I have said...
Its clear that replying to this thread is a pointless process as you quite simply would not understand what I'm saying if I sat here and typed for 100 years, you would continue to interpret everything I type as a personal attack, or an attack on your elementary textbook conditioning, and for that reason I see no further reason to post as its a complete waste of my time.
wave + pitchfork
edit...that is live
edit 2: put up a zoomed version with candles, cause the bar chart is not too legible
edit 3: what i dont like about this trade is that it is counter to a reversal pattern 123 for the short on the 4hr
edit...that is live
edit 2: put up a zoomed version with candles, cause the bar chart is not too legible
edit 3: what i dont like about this trade is that it is counter to a reversal pattern 123 for the short on the 4hr
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I have read all this ... it took me more than 1 and half hours ... I can't say that I gained something I could use ... I've been on Wolfe's site also ...
What I can say is that I prefere methods that reacts to price movements (like break-outs or divergences or trend following techniques) rather than those who claim that I can anticipate price movements.
This is only my opinion. Perhaps all of you here are right ... but it doesn't work for me ... And I don't see why it has to I do really well without it so .... I guess I'll never be one of Mr. Wolfe's customers
What I can say is that I prefere methods that reacts to price movements (like break-outs or divergences or trend following techniques) rather than those who claim that I can anticipate price movements.
This is only my opinion. Perhaps all of you here are right ... but it doesn't work for me ... And I don't see why it has to
I do really well without it so .... I guess I'll never be one of Mr. Wolfe's customers
