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clockwork71 replied Mar 18, 2009It looks like you might be missing a few. I agree with the ones you posted though.... The one you asked about - yes. It should be one. Take a look at the "stairs" price forms. Make a few lines and you will see it. Remember, I tend to take trades ...
Silent Service Method
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clockwork71 replied Mar 18, 2009I would be concerned about $20, if it goes through there, you're in business.
Silent Service Method
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clockwork71 replied Mar 18, 2009I have a chart on this thread that explains with-the-trend exits. I trail behind "areas".
Silent Service Method
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clockwork71 replied Mar 18, 2009I do whatever it tells me. I wait. If it breaks through, then I wait to see a pullback, and if there is a bar formation I like. If not, oh well. I prefer to short it, because of the trend.....but I can only do what it tells me. CW
Silent Service Method
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clockwork71 replied Mar 18, 2009I found an example of what I like to see on a break out. I actually took this bar in the AUD. It was a nice trade. CW
Silent Service Method
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clockwork71 replied Mar 17, 2009We will wait and see what this one does. But what you are looking for is how the bars form, and if it becomes support after a breakout. (i.e. a break out and pullback.) Hopefully it will give us a good example. It's time to crash for the night, but ...
Silent Service Method
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clockwork71 replied Mar 17, 2009This pretty much answers the question in the post before it. CW
Silent Service Method
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clockwork71 replied Mar 17, 2009It appears you have bought it at the lows of several bars. I would advise letting this pair do whatever it wants to do for a bit - it will show what it wants to do very clearly once it's decided. A big move to come I believe. I might have let it go ...
Silent Service Method
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clockwork71 replied Mar 17, 2009Actually, I am already short on it with a small position. I am thinking of adding as it drops. We will see.
Silent Service Method
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clockwork71 replied Mar 16, 2009Fair enough on the MACD.....but I have also seen several references to 1/3 1/2 and 2/3 retraces as well. Old stock guys like 'em it seems.
Silent Service Method
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clockwork71 replied Mar 16, 2009Ironically, the MACD can't actually measure anything in forex, because you would have to know the amount of trades placed, etc for it to be accurate. But, everyone else watches it.....so that's what makes it important. Just like 50% isn't a Fib. But ...
Silent Service Method
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clockwork71 replied Mar 16, 2009so if you need to tell a few people, it's a sign of a lack of self-esteem, which tends to lead itself to a feeling of "needing" to prove oneself. If you feel that, then it might explain why you would "hate" to brag, yet go ahead and do it, when you ...
Am I the only one ?
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clockwork71 replied Mar 16, 2009You will find that having as little on the chart as possible makes it clearer in the end. If you think about it, how did you come to put indicators on your charts? You took losses, and were trying to "figure out" trading. You put another indicator ...
Silent Service Method
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clockwork71 replied Mar 16, 2009I only use volume on stocks. Volume in forex is a myth, because there is no central exchange to measure how many trades are being placed. DO NOT TRUST VOLUME IN FOREX! However, you can use it in a place like the NASDAQ. As far as MACD, I use it to ...
Silent Service Method
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clockwork71 replied Mar 16, 2009I don't know, maybe it's a throwback to when I didn't think it was possible to get rich quick enough trading larger time frames? A lot of the time what I will do is look for a pinbar within the weekly pinbar. (example.) It's a show of weakness none ...
Silent Service Method
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clockwork71 replied Mar 15, 2009Can you make money trading? If not, then how are you going to teach these people. And trust me, at minimum wage, you aren't going to get people to care about your money at all. And by the way, yes you would still need the series (whatever) if you ...
starting a trading house