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Only Gold!

  • #19,241
  • Nov 18, 2014 8:50am Nov 18, 2014 8:50am
Quoting ClockTrader
{quote} Yeah mate, by far pretty much in the said frame.. IF I can get what I seek over the next few days, its gonna feel good.. Desperately awaiting Asian morning to be sure where we are heading to.... PS: att.. chart as posted on Sunday.. {image}
Clean & Clear VVSA, as simple as it can get..
Hello World!
  • #19,242
  • Nov 18, 2014 8:57am Nov 18, 2014 8:57am
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
CT - What's your take on this PA and overall movement so far? Do you think this is somewhat sideline movement or something like what we call the way down...
  • #19,243
  • Nov 18, 2014 9:00am Nov 18, 2014 9:00am
Quoting ClockTrader
{quote} Clean & Clear VVSA, as simple as it can get..
can you explain for us new traders
  • #19,244
  • Nov 18, 2014 9:02am Nov 18, 2014 9:02am
Quoting ClockTrader
{quote} IMHO, they are panting and puffing, need a breather.. they'll be back.. soon..
  • #19,245
  • Nov 18, 2014 9:17am Nov 18, 2014 9:17am
Hi all,

I've just popped in to see how the thread is going lately. Still plenty of points of view I see, some good, some not so good lol.

I've attached charts giving a brief insight into my way of looking at charts (hope CT doesn't mind) to make what I think is a simple and practical way to make profit, at least this is how I essentially make my intial decision anyway before I decide on any trade of any pair. It cuts out all the speculation banded about these forums, and just does what its meant to do....make money without all what I'd call unnecessary and over-complicated and over-thought systems.

I start off (any pair works not just gold) by selecting 2 closely related t/fs, the charts attached show the H1 and M15 for example.

All connected t/fs are suitable ie...Daily + 4HR, 4HR + 1 HR, 1HR + M15 and smaller etc.....I have found these ratios work well.

Its very simple.... Firstly I am only interested when on the higher of my two selected t/fs, price is either in the pink or blue zones (AutoFib Trade Zones, available everywhere) of my chart. Then I simply want to see 3 price bars (sometimes 2) which are trending away from the zone or have consolidated in that zone. Once I have either, then I focus on the lower of the 2 t/fs and enter when that lower t/f has entered the zone. This lower t/f is now my focus chart and the only t/f im interested in no matter what the t/f is. So for example, if I've selected the m15 + m5 charts to work with( instead of my attached chart example), then my entry and exit will focus on the m5 chart only. The chart shown should clarify that, (I actually entered on another signal I use in the chart shown, but what I've described is essentally how I trade, along with a few other meaningful indicators to me, but are not essental if this simple and straightforward strategy is applied to your thinking in future). Stops and profit are arbitrary, but the zones are obvious levels to consider....for example, I like to to take the lions share of any profit off the table when the opposing zone has been reached. We are all different though, so plan your own entry, and exit rules to suit your own tolerance.

Anyway, do some tests for yourself, hopefully all will become obvious then

Hope thats helped some of you that wanted some basic guidelines on my way of trading. H1 & M15 charts attached

Good luck

Attached Image

Attached Image
  • #19,246
  • Nov 18, 2014 9:25am Nov 18, 2014 9:25am
sorry to sound dumb - whats m15 and h1 and what exactly signals the buy or sell
  • #19,247
  • Nov 18, 2014 9:40am Nov 18, 2014 9:40am
Why would I mind mate? That was embarrassing for me.... never mind ;-)

Remember that aquatic animal who used to predict which nation will win the next match in World Cup (Football), use whatever method you feel like, but members will feel good if they get to know what you are following..

just figured that out: http://en.wikipedia.org/wiki/Paul_the_Octopus

:-)

Quoting Landline
Hi all, I've just popped in to see how the thread is going lately. Still plenty of points of view I see, some good, some not so good lol. I've attached charts giving a brief insight into my way of looking at charts (hope CT doesn't mind) to make what I think is a simple and practical way to make profit, at least this is how I essentially make my intial decision anyway before I decide on any trade of any pair. It cuts out all the speculation banded about these forums, and just does what its meant to do....make money without all what I'd call unnecessary...
Hello World!
  • #19,248
  • Nov 18, 2014 9:44am Nov 18, 2014 9:44am
Quoting Kah
CT - What's your take on this PA and overall movement so far? Do you think this is somewhat sideline movement or something like what we call the way down...
My VVSA suggests that price has peaked out & a reasonable correction is pending, however, my VVSA can be wrong and in order to be sure I use clock patterns.

IF I can trace clean & clear clock patterns around next Asian morning which support my VVSA, I would confide more in the possible fall ahead. Going forward, if clock patterns around NY morning support a short call too, I would continue to test & load shorts. Hope that helped.
Hello World!
  • #19,249
  • Nov 18, 2014 9:44am Nov 18, 2014 9:44am
Quoting Waitnsee
sorry to sound dumb - whats m15 and h1 and what exactly signals the buy or sell
M15 is 15 min chart....H1 is 1 hour chart

The lower t/f zone is actually the signal to enter a trade anywhere within that lower t/f (once the the higher t/f zone has been satisfied ref bars as stated previously). Signals that you may typically use in your day to day trading within the lower t/f can be used of course whatever one it is. In my case, I will enter using signals and pa combined.

The idea of my post was to give a basic outline to my method to anyone who needed it....fine tuning is down to the individual.

I happen to favour Gann personally for fine tuning along with pa.

Hope it helps
  • #19,250
  • Nov 18, 2014 10:09am Nov 18, 2014 10:09am
Quoting ClockTrader
Why would I mind mate? That was embarrassing for me.... never mind ;-) Remember that aquatic animal who used to predict which nation will win the next match in World Cup (Football), use whatever method you feel like, but members will feel good if they get to know what you are following.. just figured that out: http://en.wikipedia.org/wiki/Paul_the_Octopus :-) {quote}
Hi mate,

That saying...supply the fish or supply the fishing rod springs to mind. I prefer the latter, and I'd hope most people do too.

I've supplied this rod, so others can fish for themselves more easily without all the confusing speculations where price may or may not be going.

Its down to indiduals now to implement something that has an edge.... I'm not planning to give many shouts here tbh....trading what I'm seeing is my job after all lol
  • #19,251
  • Nov 18, 2014 10:15am Nov 18, 2014 10:15am
hihi @landline thanks for sharing the "fishing rod"
can i just ask where can i get the auto-fib zone that you have shown on your chart.
thanks in advance
  • #19,252
  • Nov 18, 2014 10:29am Nov 18, 2014 10:29am
Quoting tosuhn
hihi @landline thanks for sharing the "fishing rod" can i just ask where can i get the auto-fib zone that you have shown on your chart. thanks in advance
Its freely available on the net.

Unfortunately I dont know how to attach an indicator on FF I've never attached one before otherwise id post it here, let me know how to if you know how to do it.
  • #19,253
  • Nov 18, 2014 11:07am Nov 18, 2014 11:07am
Quote
Its freely available on the net.

Unfortunately I dont know how to attach an indicator on FF I've never attached one before otherwise id post it here, let me know how to if you know how to do it.

Attached
Attached File(s)
File Type: ex4 AutoFiboRetracementIndicator.ex4   20 KB | 473 downloads
Mining gold
  • #19,254
  • Nov 18, 2014 11:18am Nov 18, 2014 11:18am
Quoting TriLLi
{quote} Attached {file}
Thanks Trilli

Thats saved toshun searching for it.

I would have posted mine earlier if I knew how to.....any tips please on how i post indicators on here would be appreciated.....cheers
  • #19,255
  • Nov 18, 2014 11:32am Nov 18, 2014 11:32am
Quoting Landline
{quote} Thanks Trilli Thats saved toshun searching for it. I would have posted mine earlier if I knew how to.....any tips please on how i post indicators on here would be appreciated.....cheers
When replying below buttons "Post New Replay" you have section "Attach files:" just chose one link from it, I used "Upload From Computer", then you just wait for it to upload to server, pass security check and then you just click "Post New Reply". That is all.

I hope this helps.
Mining gold
  • #19,256
  • Nov 18, 2014 11:34am Nov 18, 2014 11:34am
Quoting TriLLi
{quote} When replying below buttons "Post New Replay" you have section "Attach files:" just chose one link from it, I used "Upload From Computer", then you just wait for it to upload to server, pass security check and then you just click "Post New Reply". That is all. I hope this helps.
Ah...I see what you mean...similar then to uploading a chart then....many thamks for the tip...cheers
  • #19,257
  • Nov 18, 2014 11:43am Nov 18, 2014 11:43am
Quoting Landline
{quote} Ah...I see what you mean...similar then to uploading a chart then....many thamks for the tip...cheers
np
Mining gold
  • #19,258
  • Nov 18, 2014 12:24pm Nov 18, 2014 12:24pm
1200+ close.
Trade with what you see, not what you feel.
  • #19,259
  • Nov 18, 2014 2:17pm Nov 18, 2014 2:17pm
  •  Kah
  • | Joined Jun 2012 | Status: Patience is the Key to Success! | 150 Posts
Quoting Basement
1200+ close.
any support which you have for that statement or it just came off the bat
  • #19,260
  • Nov 18, 2014 2:25pm Nov 18, 2014 2:25pm
Quoting Kah
{quote} any support which you have for that statement or it just came off the bat
Came off the bat when the price jumped to 1198 about 2 hours ago.

It failed to break though...
Trade with what you see, not what you feel.
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