myrtleturtle

this thread seems to have died a death after wasp stopped postimg.

agree. lots of business-related threads which isnt why I come to TradersLab! needs compartmentalising.

I got one from kfgjkar on Sunday; who has now been banned. Same probs over at T2W. My suggestion there was to introduce those swirly difficult to read letters and numbers you have to enter to confirm membership to a site. would that reduce the spam-botty infestation?

wasp, et al, good trading, and especially for sticking with it in these trying times. I was just wondering, that your, in fact anybodys, rules, can only work well when the market is behaving itself and moving in an orderly manner. The disorderly and manic moves are too emotional, and maybe thats why the SupRes levels weren't respected as much. have a lie down in a darkened room for 48 hours.

am deeply envious of that trade. thats about 400 pips so far. guess you get a 4-fig week? good stuff.

wasnt trading today, so had a chance to have a look things from different perspective. saw yesterdays GY low at 184.70. then, noticed the low of 184.50-ish on Sep-16th. so, any of you S/R geniuses went long GY at 184.70-ish? EDIT: however........ notice that GU, EU and EJ DID NOT have a previous major low to bounce off, but still they bounced upwards. explain that while you're at it. why would GJ have a sup/res entry, but not the others? how is this different to trading indicators?

only got back to trading with real money recently after a few bad weeks, which dented my belief in my rules. frustrated, as I would have done fairly well what with the volatility. still using indicators, so dont know if my calls are valid compared to you SR junkies. might post a few indicator-derived calls for comparison. (queue disastrous week). thankfully, ended up in the black, but could have done much better.

guess you guys were right about the longs after all!

excellent posts guys. wish I could understand your reasoning for them. i can guess some of the mechanisms. however, i am interested in the long-bias that cowpip seems to have. on 4-hr and 1-hr, i have short-bias. just cant see the long, except the support at 187.50 (easier to see on 4-hrs). and the res at 194-ish from march this year which was clearly rejected on sep-8th. clearly i am not in same league as wasp, but there appears to be a down-channel, so would be biased towards looking for shorts. all in hindsight, of course. (please forgive the RSI indicator!)

credit to wasp for posting trades and analysis. I completely understand your standpoint. Apparent consensus from others can cause you (me) to not take trades I would otherwise have taken, and consequently lose out. good luck.

either thats a misprint or you got one hell of a deal there, wasp. whos your broker?

cowpip: I notice your stop-losses on GJ seem to be around the 60-pip mark. how do you decide the size of stop-loss? is it derived from ATR? or swing-high/lows? thanks PS: good stuff posting your trades, esp as you seem to be trading around the clock, judging by tour late-night and very early morning posts.

dont think thats quite the same thing. essentially, whatever ForexFactory uses, is good! I know thats vague, but I suspect it trawls through a thread, and lists any actual attachments (, .ELD, .mq4, .doc) as opposed to links.

Is there a facility to show all the attachments associated with a thread? When the thread (for example, walterws threads) have many attachments, remembering where they are is a pain. Having an option to show such a list of attachments would help locate files quickly. Forexfactory has such a function.

very good luck with this one, wasp. from the perspective of a S/R wannabee, the issue is always going to be defining whether the Sup or Res will hold or break. deciding in hindsight that Support "held" at a Sup-point 3 weeks ago, but broke 2 other Sup-lines before getting there is analogous to saying "61.8% retrace held", and ignoring that 38% and 50% failed. so far, I have conceptualised the "losing trades" into statistics and money management ( as soon as I get my trading nerve back). the one advantage I can see is price congesting at Sup/Res, and forming small ranges, which may be the basis for low-risk breakouts into whatever direction it chooses. here I wouldnt care if Sup/Res held or not, as I would be playing the low-risk (ie, the "other side" of the small range is my exit point), probabilities. all this is eyeballing the charts, and have no data to back this up. once again, good luck.