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  • #241
  • Aug 4, 2010 11:05am Aug 4, 2010 11:05am
Quoting Delite
Hi 4X

I'm afraid I don't speak Spanish - is there anyway you could give me a precis of Acer's comments?

Thanks in advance
Hi,

Just use Google translate, it is adequate:

http://translate.google.com/#

Regards
  • #242
  • Aug 4, 2010 7:24pm Aug 4, 2010 7:24pm
Quoting Bleek
Quite the opposite; so please don't blindly cast aspersions.

I could quite easily take a screenshot of my account but I won't lower...
Hey Bleek, glad you're alive and well and I'm enjoying your thread.

It sounds as though you're employing a "tape reading" type approach, kind of "Jesse Livermore" style, which I'd hazard requires a fair bit of screen time to master, but from what you've said I can also see a touch of J16 in your method (round numbers, eyeballing reaction levels etc. etc.) it sounds good and your posted results are mightily impressive.

Based on time of day (I tend to look at EU), you tend to get a nice break usually between 10am and 11am GMT (can be later, eg. if there's heavy US data due out such as NFP), out of the preceding few hours high or low, as you said based on volume (as this tends to be when the New York pre-market players come on-line). Is there an element of trading particular times in what you do or is it simply a matter of trading when you're able to, given the day job?
  • #243
  • Aug 5, 2010 8:28am Aug 5, 2010 8:28am
Quoting slam
Hi Bleek, is there any way I could contact you privately? Regarding brokers not your trading system. Kind regards
Slam, did you get my reply? I pm'd but it's not showing in my sent box...

Bleek, I really like the sound of your trade method, and I don't think it's a million miles away from what I do.

Would be really interested in seeing that PDF, if you've had time to put it together...
  • #244
  • Aug 6, 2010 8:04am Aug 6, 2010 8:04am
Hey Slam, just had a dirty broker trick, I hit buy after the NFP came out, my screen just logged me out of the platform. First time that's happened, so I missed the first 25 pips of the move, still booked 50 pips mind and looking to re-enter on a retrace...
  • #245
  • Aug 20, 2010 2:37am Aug 20, 2010 2:37am
A fleeting glance at this thread and another titbit of information - I know it's frustrating.

I rarely trade in the afternoon or evening but last night after 10 seconds looking at the chart I saw a sitter, I was 100% sure (call me a fool all you like) I knew in which direction the market was headed and even to the pip where it would stop and I should take profit.

Take a look at a 5m cable chart from 1700 GMT last night, I took a short at 1.5649 and profit at 1.5586. 50 full size lots, $500 per pip.

I was a few pips either side of perfect entry and exit 'at that point in time'.

Do you see what I see?
"I made all my money by selling too soon"
  • #246
  • Aug 20, 2010 3:24am Aug 20, 2010 3:24am
I took this, not the best timing and the time stated seems a bit off yours.

Attached Image (click to enlarge)
Click to Enlarge Name: cable445.jpg Size: 437 KB


just a few mins before...G/Y is good too....

Attached Image (click to enlarge)
Click to Enlarge Name: cable446.jpg Size: 472 KB
  • #247
  • Aug 20, 2010 3:37am Aug 20, 2010 3:37am
Quoting Bleek
Do you see what I see?
Nice one but I don't think I see what you see. You did say you plot stuff off chart which may involve other markets... but if this was based solely on the chart, I suspect it involves a "feel" you have for the market. Anyways, 49 is just about the low of the "congestion" up there, 86 is just about the high of the previous Asian session, we did have a lower high in the "wave" before you entered, the market had gone up sharply and was just kind of ranging, kind of hanging mid air and it was likely to break one way or the other, it did look like it was trying to go up but kept getting pushed back down (although the support seemed to be holding decently). Any of that close? I don't know what made you think support wouldn't hold at that particular moment.
  • #248
  • Edited 3:39am Aug 20, 2010 3:38am | Edited 3:39am
Quoting Bleek
A fleeting glance at this thread and another titbit of information - I know it's frustrating.

I rarely trade in the afternoon or evening but last night after 10 seconds looking at the chart I saw a sitter, I was 100% sure (call me a fool all you like) I knew in which direction the market was headed and even to the pip where it would stop and I should take profit.

Take a look at a 5m cable chart from 1700 GMT last night, I took a short at 1.5649 and profit at 1.5586. 50 full size lots, $500 per pip.

I was a few pips either side of perfect...
Hi ! Just check your notes - most probably you took position at 1625 and out in 30 mins ! I see it but my OB/OS judgement is faltering these days most probably due to the suddenness of moves : at the opportune moment, one of my "respected" indi was clamouring OS ! I will have to make more allowance for OS remaining OS for longer period !

Tks for Post - insightful !
  • #249
  • Aug 20, 2010 4:11am Aug 20, 2010 4:11am
Quoting aiyahmarklah
I took this, not the best timing and the time stated seems a bit off yours.
UK time was close to 17:00 so daylight adjusted, true GMT might have been 16:00 in that case.
"I made all my money by selling too soon"
  • #250
  • Aug 20, 2010 4:16am Aug 20, 2010 4:16am
Quoting eurotrash
Nice one but I don't think I see what you see. You did say you plot stuff off chart which may involve other markets... but if this was based solely on the chart, I suspect it involves a "feel" you have for the market. Anyways, 49 is just about the low of the "congestion" up there, 86 is just about the high of the previous Asian session, we did have a lower high in the "wave" before you entered, the market had gone up sharply and was just kind of ranging, kind of hanging mid air and it was likely to break one way or the other, it did look like...
For this trade there was no other information required off the chart, no indicators, no nothing, naked chart showing the entire day on 5m was more than enough.

A lot of my trading is 'feel' and that's why it's so very hard to put in writing.

Congestion and price exhaustion is pretty key here, remember I play support and resistance in the opposing direction for most of my trades i.e. you see support, I see a resistance to be taken out. Not just a parasite, I'm contrarian.

Price exhaustion is key here, think about what that means and why it happens; hence my contrarian approach with S/R levels.

I rarely map S/R because you can clearly see price action around zones of support. Obviously if it helps you pinpoint them, stick a line on the chart.
"I made all my money by selling too soon"
  • #251
  • Aug 20, 2010 11:31am Aug 20, 2010 11:31am
Hello Bleek,
Glad to see this thread is still alive. As a suggestion why don't you post some charts with annotations on some of the trades you have taken, it might help us get a better picture as to what you are seeing.
Sincerely,
Consilium.
  • #252
  • Aug 21, 2010 6:43am Aug 21, 2010 6:43am
Quote
Price exhaustion is key here, think about what that means and why it happens; hence my contrarian approach with S/R levels.
Well to be honest although I've heard the term bandied about, I don't recall ever explicitly learning about price exhaustion. But I suppose price exhaustion would be (when price is moving up) buyers exiting without sufficient new buyers entering. In this case price had moved up quite a lot around 09:30. Buyers from that move up exited during the range which lasted most of the (London) day. New buyers entered in the "support" area of the range, sellers entered above 5650. Not sure where exhaustion comes into this, but I'm thinking that as buyers weren't able to move price out of the range, with the day coming to an end, they exited (sold, didn't buy again at support) so shorts didn't have much downward resistance and that's why price broke out downwards when it did.

About your contrarian approach with S/R levels, do you basically mean you look for signs that S/R won't hold?
  • #253
  • Aug 23, 2010 12:19pm Aug 23, 2010 12:19pm
Maybe TIME and the "Ball" Numbers?

With that kind of money, you should be enjoying yourself to the fullest and yet you find effort to help us here. Take this as a gift "".

I would hate to see ur method being published as set rules so I think you are doing the right thing by helping us think for ourseleves. Too many "edges" have been given away only to be worned out, then finding themseleves in the junk pile as E-books or "1000% RETURN FOREX ROBOT, JOIN TODAY FOR A LAST DAY DISCOUNT!".

Keep it up my frd, you are a retail trader's inspiration.
Life is a school for the soul
  • #254
  • Aug 31, 2010 2:40am Aug 31, 2010 2:40am
trader....good trader....proffesioal trader......master.......wizard..........................Bleek
  • #255
  • Aug 31, 2010 2:47am Aug 31, 2010 2:47am
@Bleek

What a kind of 5 min chart you are looking? Candle, line?
Can you express yours self what kind of momentum you are looking for, please?
rgds
  • #256
  • Aug 31, 2010 3:42am Aug 31, 2010 3:42am
Quoting xman
@Bleek

What a kind of 5 min chart you are looking? Candle, line?
Can you express yours self what kind of momentum you are looking for, please?
rgds
@ xman....he's already said somewhere he looks at bars, plain all one colour. He's also talked about momentum and consolidation though its never been clear if thats the 5m consolidation at 8AM or something in his journal.

Quoting esuffw
I would hate to see ur method being published as set rules so I think you are doing the right thing by helping us think for ourseleves.
Maybe so Esuffw and on the whole I probably agree.

Perhaps, what is less clear and maybe more important is the information held in the journal, some clues about this would be helpfull, how important is this information, does it infact form the basis of your trading. From what timeframe is it taken, hourly perhaps or even longer ?

Without being able to work that out I suspect we could stare at a 5minute chart at the Frankfurt/London open for the next 10 years and never be any the wiser.
  • #257
  • Aug 31, 2010 4:40am Aug 31, 2010 4:40am
Quoting Bleek
I use a method I've developed called 'constipation and fill™' which looks a little like a sudoku puzzle, it's a chart of price activity over the hour, the highs, the lows, the 'volume' of trade at prices across the grid etc.

I can tell, from a glance, where price is likely to stall, break and target. It's pretty accurate... perhaps I should write a book!

Obviously Bleek use some method, combination off some kind PA and observation.

rgds
  • #258
  • Sep 1, 2010 4:59am Sep 1, 2010 4:59am
Quoting eurotrash
Well to be honest although I've heard the term bandied about, I don't recall ever explicitly learning about price exhaustion. But I suppose price exhaustion would be (when price is moving up) buyers exiting without sufficient new buyers entering. In this case price had moved up quite a lot around 09:30. Buyers from that move up exited during the range which lasted most of the (London) day. New buyers entered in the "support" area of the range, sellers entered above 5650. Not sure where exhaustion comes into this, but I'm thinking that as buyers...
It may not be the textbook definition of price exhaustion but yes I'm looking for order flow in the numbers and the chart and hence my approach with S/R may seem counter intuitive where most would call it support I'd actually call it resistance. I no longer consider the market bearish or bullish, in fact you can practically ignore any trend on the lower timeframes, again many will disagree with me here.

If you've read in to order flow you'll be able to decipher my idea behind exhaustion, people may term it differently but in simple terms it's one side of the market overpowering/outnumbering the other. This should not be confused with break-outs.
"I made all my money by selling too soon"
  • #259
  • Sep 1, 2010 5:00am Sep 1, 2010 5:00am
Quoting esuffw
Maybe TIME and the "Ball" Numbers?

With that kind of money, you should be enjoying yourself to the fullest and yet you find effort to help us here. Take this as a gift "".

I would hate to see ur method being published as set rules so I think you are doing the right thing by helping us think for ourseleves. Too many "edges" have been given away only to be worned out, then finding themseleves in the junk pile as E-books or "1000% RETURN FOREX ROBOT, JOIN TODAY FOR A LAST DAY DISCOUNT!".

Keep it up my frd, you are...
Thank you.

I've actually been requested not to publish anything by quite a few people now, I'm also getting a lot of private messages which I simply, at present, don't have time to answer - so apologies on that front.

I'm just glad I can be some form of inspiration to you, that's very humbling.
"I made all my money by selling too soon"
  • #260
  • Sep 1, 2010 5:02am Sep 1, 2010 5:02am
Quoting xman
trader....good trader....proffesioal trader......master.......wizard..........................Bleek
Trader - yes.
Master - questionable.
Wizard - definitely not!



It'll take more than my 2+ years to master this market, and whilst I seem to have adjusted my psyche well to the FX world it doesn't make me infallible or perpetual - things change.
"I made all my money by selling too soon"
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