Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

There are no secrets out there sweety, no holy grail buckets full of magical "9 from 10 winners" or any other snake oil tid bits either. Everything gets re-gurgitated if you sit & wait long enough :o

 

 

I dont know what to say !!!

 

This is the most informative thread I have ever read in years and years of looking at forums .

 

I would like to say a BIG thank you to all the contributors .

 

And to show you havn't been wasting your time, here is a trade i am in now.

 

cheers

Ian

ejcci.thumb.GIF.80a34a10fa2d34051265c8eff54d3717.GIF

ejcci2.thumb.GIF.c57165bc089cb5d09c9e33051e637981.GIF

Share this post


Link to post
Share on other sites
It was only an example of a set-up/trigger Aaron. If those price aid combo's aren't to your liking, then fair enough. The point I was trying to make is, there are numerous little pearls one can assemble to take advantage of a specific short or mid term play. That's merely one which I particularly enjoy batting around when circumstances dictate.

 

Trust you to go poking around in busy hornets nests. Stay in your corner & keep your pearls to yourself, you'll have the indicator police swarming all over this joint :o

 

We got ourselves a peaceful little lounge in which to shoot the breeze & you come clattering in waving your goddamn arms around like some wild banshee.

 

God help us when "the other one" turns up. :doh:

Edited by milliard

Share this post


Link to post
Share on other sites
And to show you havn't been wasting your time, here is a trade i am in now.

 

Hello Ian,

 

Glad you're enjoying the thread. I'm sure the enjoyment factor will increase rapidly now we got additional input from some very cute cookies.

 

Great trade there, you kicked it into the early Tokyo shift, which is fine when playing around with their pairs. The usual lazy bout of stoploss sniffing from the late NY shorts turned & paid you a wage.

 

Be mindful of the EU data printing later this morning (Gmn PPi & ZEW), players will be keeping their positions small(er) until that noise breaks.

 

Regards the entry; it wasn't quite in synch with her ingredients for a trigger. Be very mindful of the levels she talked bout when looking to fire this set-up.

 

Obviously, where & how you trade is down to your own personal choice, & I'm respectful of that. But I think you'll find this type of execution works best when prices are pushing extreme envelopes & vibrating on & around clear prev supply-demand zones.

 

Also the senior bar didn't close outside the BB edge on your example. The 1st bar must close outside & the next closes inside the BB edge. You then look for weakness/strength on the following bar(s).

 

All this type of behaviour is attempting to highlight is the trade-off between imbalance, where longs are buying into a zone of supply & shorts are selling into a zone of demand.

 

They're being caught in the headlights (albeit temporarily in some cases), & that little strat is looking to catch them offside.

 

Keep it tight & continue to do your work - again, nice trade & I hope it travels for you!! :)

Edited by milliard

Share this post


Link to post
Share on other sites
CCI relies upon the statistically useless "average deviation of price" in its calculations, not the much more statistically valid "standard deviation" instead.

 

Just thought I'd point that out.

 

I'll stop talking indicators after this post. And I won't even touch on Bollinger bands.

 

Statistically useless is a judgment I've never heard a statistician make because something is appropriate to the distribution or somewhat inappropriate. And by that definition a std deviation based is assuming a normal curve which we all know is not there in the markets so it is just about as inappropriate. I've made CCIs with Stddev based md1s (I think I creatively called it an sd1 (can I patent that?)) and a number of people used them but we really didn't find them noticeably better than the md1 version.

 

Damn, I lied about bollingers. Do you think that if we built a bollinger with the robust md1 range we could call them

ForSearchKiwi Bands (useful for trading funny little thin currencies )?

 

I think it was the great Turtle Trainer, Eckhardt, who said that we should use cruder robust estimators rather than delicate statistical estimators when looking at markets. And md1, like the range normalizer in a stochastic is an elegant example of "crude."

 

Come to think of it, so is my trading. :rofl:

Edited by Kiwi
when it doesn't make sense

Share this post


Link to post
Share on other sites

Oh now, quit stompin all over my sandcastles you mean old bullies. You watch your step mister (milliard) otherwise I’ll get 'Sean the swot' to impregnate your console with a horrid worm or whatever it is that renders screens impotent.

 

Can you fella’s courier across a technical manual of sorts? I don’t even think I speak that language, do I Andre? All I know is that when I haul that lil sweetie up at specific area’s of intent it gets to work & ensures I can purchase another pair of sassy Jimmy Choo’s.

 

Anyhow, my head is still thumping mildly from yesterday’s endeavors on here + my finger ends have swollen to twice their normal size, so I’m excusing myself today from all this fun & loud play.

 

When in the hell is the cavalry (Tessa) arriving. You’ll get your ass scolded good & proper then Mr Andre moody pants when she comes callin :haha:

Share this post


Link to post
Share on other sites
you might get a better value bite at your EURAUD yet ;)

 

They're definitely trying to cut a base out down there. Certainly in no hurry to plumb the depths of sub 1.6200 today anyhow.

 

Agree with little sis though, I'd prefer to hang my hat on a more substantial peg for a trip back up.

 

They're all out testing those stops for sure now. 6010-30 for a taxi ride back anyone? Might get a deal for a cheap day return ;)

Share this post


Link to post
Share on other sites
.....I think it was the great Turtle Trainer, Eckhardt, who said that we should use cruder robust estimators rather than delicate statistical estimators when looking at markets......

 

Was he talking about the use of non-parametric over parametric measures? Haven't read the quote in question (I don't think, anyway).

 

......And md1, like the range normalizer in a stochastic is an elegant example of "crude."

 

Come to think of it, so is my trading. :rofl:

 

lol - your words mate, not ours.....

 

GJ

Share this post


Link to post
Share on other sites
That AUDCHF is a very neat technical play indeed. I guess you been running it from last week? Nice shift thru the gears @ .9800 via the pullback from early month. Be interesting to see who comes out to play up here @ 1.0100.

 

Actually only came on to my radar yesterday, but figured would let the RBA have their say first. Want to wait for confirmation from the price action yet. Technically AUD still pretty bid - may be a further shakeout to the topside yet in both AUD/USD and AUD/NZD (another crowded trade right now).

 

Thus my preference for playing it through options - slightly more forgiving on timing. And using it in conjunction with the VIX move means you can probably play it for vol rather than direction (i.e. job your gamma). Which is why I was also looking at correlations last night.

 

GJ

Share this post


Link to post
Share on other sites

When in the hell is the cavalry (Tessa) arriving. You’ll get your ass scolded good & proper then Mr Andre moody pants when she comes callin :haha:

 

Hey girl,

Kooochie koooo :smoking:

x

Share this post


Link to post
Share on other sites

We're still missing Buk, it's been a while since he's lounged this area.

 

It's about time the dang pairs are moving. Been twirling my hair in knots waiting for something to move.

Share this post


Link to post
Share on other sites
We're still missing Buk, it's been a while since he's lounged this area.

 

It's about time the dang pairs are moving. Been twirling my hair in knots waiting for something to move.

 

He's a regular real estate hotshot on the Island of Cyprus these days torero. Any scrap of commercial property or live wire land pops it's head above the parapet & he's all over it like a demented cash cow.

 

He trades his folks a/c between closing property deals.

 

Didn't you hop on the back of that 1st stage EURAUD pullback at the 250? She's a sweet little mover today. ;)

 

That aggressive old Pound/Yen shot out of the hole at a rate of knots earlier - might have been a tad too hard on the gas though?

Share this post


Link to post
Share on other sites
Hey girl,

Kooochie koooo :smoking:

x

 

Oh my, am I ever glad to see you. What kept ya?

All sorts have been occurring, this is one busy little corner of the world.

 

I landed last week right in the middle of a bustling, noisy boatload of asylum seekers from the T2W theatre.

 

Lookin round for a cab, when out of the melee sprints an irate Andre all fired up ready to drown one of those agreeable fella’s he mistook for some batty old Greek philosopher. I think maybe the forum police marked his card though. He’s been his usual morose self ever since.

 

Hell, there’s him trying to poke my eyes out with a sharpened lead pencil & a small posse of indicator haters tossing water bombs at me.

 

Apart from that, we got ourselves a real friendly fort. Some charming fella’s right here in this thread.

 

Mr D. Burrow of Phoenix & his chums are holding court over at the price & volume table, + they got a whole bunch of interesting vsa, profile & wot not stuff going on. They even got them a music thread. Hooty mon tooty ,we’ll have us a ball.

 

Oh, & you missed your buddy Jason Alan Jankovsky. He was here a while, I’ve seen his threads. Apparently he’s got his own little corner shop someplace.

 

They don’t care much for price aids here though. Like I said, I got me a small posse of indicator scalpers on my case already. I think I got their number, but it won’t harm if I got back-up, just in case. Ebeneezer Krantz, Andre, Jim & the rest would just as soon see me chased all over this fort than step in & offer helping hand.

 

The forum police are sweethearts. Anyone who muscles that grouchy old milliard into a corner ranks high in my estimation anyhow.

 

So, there’s the deal right there. Think we might stay a while?

Share this post


Link to post
Share on other sites

appreciate the update.

place looks promising for sure.

important things first…..lets go check out this music thread.

 

by the way, between dodging eye surgery & water bombs, you made any money this week? We got us a 3 day weekend (drink fest) on the horizon & I doubt very much Ebbeee Krantz will be doling out bonus checks this early into the month.

Share this post


Link to post
Share on other sites
by the way, between dodging eye surgery & water bombs, you made any money this week?

 

You kiddin me? seen the state of these charts out there?

There's a whole lot of pain going on with everyone chopping & changing course every 10 minutes. Especially those pesky Yens.

 

I blame the Chinese.

 

We'll maybe have to go wait tables for KFC at this rate girlie.

Share this post


Link to post
Share on other sites
You kiddin me? seen the state of these charts out there?

There's a whole lot of pain going on with everyone chopping & changing course every 10 minutes. Especially those pesky Yens.

 

I blame the Chinese.

 

We'll maybe have to go wait tables for KFC at this rate girlie.

 

Those Yens have been harsh this week but a lovely rejection of the highs on EY earlier

reject.thumb.gif.f62af3a09a40518e1523942fc057a209.gif

Edited by wasp
pretty picture added!

Share this post


Link to post
Share on other sites

you bounce those asian jumping jacks around via the shorter frame view Wasp? How do you get along with them?

 

apologies if you've covered it in your blog, I haven't gotten around to perusing everywhere yet. It's a busy little shop & that's a fact.

 

I like to try get aboard at the wider edges (chart brief). Not always successful, but I'd rather soak up the excess at those outer boundaries if possible than get my shins bloddied toughing it out inside these busy corridors.

 

interesting to see how different folks play their hand.

5aa70e65ea3ff_yd.jpg.004a2534ca3c7bac73eea7e0a405760e.jpg

5aa70e65ef776_yh.jpg.ceb48734ab5e0f1934dba3c49e342406.jpg

Share this post


Link to post
Share on other sites
you bounce those asian jumping jacks around via the shorter frame view Wasp? How do you get along with them?

 

apologies if you've covered it in your blog, I haven't gotten around to perusing everywhere yet. It's a busy little shop & that's a fact.

 

I like to try get aboard at the wider edges (chart brief). Not always successful, but I'd rather soak up the excess at those outer boundaries if possible than get my shins bloddied toughing it out inside these busy corridors.

 

interesting to see how different folks play their hand.

 

Simple as as simple does and just rejections of the upper levels with a trendline thrown in on the 30 minute (see chart att above).

 

Mixed lifestyle on the yens for the last couple of weeks but usually run with them quite well and easily off the hourlies. They can move so sweetly when they want to.

Share this post


Link to post
Share on other sites

Cable punching through some weak stops today huh? That's a mighty impressive plod off that 94 support base. Must just be a short squeeze exercise.

 

You can almost hear those old stops hitting the floor as it tanks on :o

Share this post


Link to post
Share on other sites

Loonie having it's own snatch party today too. Close quarter (trailing) stops showing too much of their ass got slapped on that cheeky shift thru 950.

 

Should attract sales further up it fancies putting on it's sneakers from here.

loon15.jpg.710a61d86a20a2392eabd54953f96e22.jpg

Share this post


Link to post
Share on other sites
Mixed lifestyle on the yens for the last couple of weeks but usually run with them quite well and easily off the hourlies. They can move so sweetly when they want to.

 

Nice Wasp.

 

Clearer the view, the less you got to worry bout ;)

Share this post


Link to post
Share on other sites
Cable punching through some weak stops today huh? That's a mighty impressive plod off that 94 support base. Must just be a short squeeze exercise.

 

You can almost hear those old stops hitting the floor as it tanks on :o

 

I'm in Short now on this pair for a quick retrace @ 1.9691 and 1.9703

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Jonh Smith
      I searched in google with keywords best forex robot 2019 and in the end I found fxflightproEA from their website fxflightpro.com . if anyone has ever bought, I was interested in their ea. I saw a very small drawdown, and monthly profit looks great.and I see myfxbook profit reaching 50% in 50 days. if there are buy please review here and I say thank you if anyone would like to share here.

      thanks
    • By StraussX
      Hi GUYS, Happy Wednesday!
      I'd like to share daily forex analysis from Followme, hope this information helps your trading.
      Today, Let's focus on AUD and NZD.
      AUDUSD is trading at 0.6761; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6765 and then resume moving downwards to reach 0.6635. Another signal to confirm further descending movement is the price’s rebounding from the descending channel’s upside border. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6825. In this case, the pair may continue growing towards 0.6905.
       
      NZDUSD is trading at 0.6447; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.6455 and then resume moving downwards to reach 0.6315. Another signal to confirm further descending movement is the price’s rebounding from the resistance level. However, the scenario that implies further decline may be canceled if the price breaks the cloud’s upside border and fixes above 0.6525. In this case, the pair may continue growing towards 0.6645.
    • By Georgebro8
      So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. 
      any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.
    • By edakad
      Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
      When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.

      FireBird.zip
  • Topics

  • Posts

    • NFLX Netflix stock, watch for a top of range breakout at https://stockconsultant.com/?NFLX
    • SMCI Super Micro Computer stock watch, attempting to move higher off the 34.06 support area at https://stockconsultant.com/?SMCI        
    • UPST Upstart stock watch, pull back to 68.15 gap support area at https://stockconsultant.com/?UPST  
    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.