GBP/JPY: Winning Strategies

[4xStar]

What are speed lines, Andrew?

[Andrewunknown]

Originally Posted by 4xStar

What are speed lines, Andrew?

See our discussion from last Thursday in posts 169-170.

[TheRumpledOne]

Originally Posted by 4xStar

It is not about being against a trading style. What I opject to is he uses these posts all over the forum as a 'back door', as M2P mentioned above. to entice people to ask for his more advanced indicators. When you do that, email him and say, how do I get those other ones, he replies that if you send him a 'Thank You' donantion from PayPal of at least $50 to $100, he will send you the indicators. $50 may be pocket change to many here, but for some, it is still a lot of money. I could even understand asking for a "donation", whatever one can afford ... but saying "at least $50" and you are running a business, you are selling indicators.

All I want is for him to be upfront about it. "Hello, I am TRO, I program hundreds of indicators. I will give away many for free but if you want even more & better ones, you have to send me $50, one time payment, and I send you indicators & updates for life. Please send payment marked as a 'donation' via PayPal"

Great, that's a fair deal .. a good deal even.

I just hate the subterfuge and since he has come into this or any thread, all you see are his huge charts everywhere. Why can't he attach charts like everyone else does so people can choose rather or not to view them?
He does make some good calls, and also some bad ones. Overall his win-lose ratio is nothing special ... compare to Andrew, cadarkitek (who once again nailed the GY moves yesterday almost to the pip) and of course Jo, Tess, James, and others ... there is no comparison, and they are not selling, just sharing.

Anyone is free to post here as long as the majority are not bothered by it.

The problem is you have made up your mind about me. You have so many misconceptions about me. Until you are willing to let go of them, we will never see eye to eye. The indicators that I give away for free are just as good as the ones I send as a thank you. There are no "crippled" indicators.

Attached is the TRO FX HEATMAP. It's FREE. Does that look like a lessor indicator to you? You do NOT have to send me a donation unless you want to.

I don't "make calls". I was showing a method. But no matter what I do, you find a way to put a NEGATIVE SPIN on it. Perhaps you should consider working for one of the candidates in their SMEAR OPERATIONS.

So funny how so many Americans, living in the so called LAND OF THE FREE, just love to tell others what they should do and how they should do it. They want everyone to CONFORM. They fear those who are DIFFERENT.

For the record, the MAJORITY is 2 wolves and 1 sheep deciding what's for lunch. WAKE UP PEOPLE AND SMELL THE HYPOCRISY!

[Andrewunknown]

Originally Posted by 4xStar

Question: when there are breaks in the current triangle, do you re-draw the triangle to include those? i.e. on UJ, a new triangle could be drawn taking into consideration the highs and lows that broke out of the previous triangle.
At what point does a triangle become invalid or supersceded by new price action?

That will depend on the break: it's depth, duration; and quantity of breaks. There are several ways to measure the quality of a pattern, including clarity, which is a measure of how closely the pattern adheres to its definition. For a symmetrical triangle, clarity is reduced if in the midst of lower highs and higher lows, an errant higher high or lower low pops out.

But, that doesn't negate the pattern, necessarily: it could simply mean there's an ineffectual fluke in an otherwise valid pattern. How price behaves after will be the determining factor. But did I take the short when price appeared to have broken the triangle? No, because at the break constituted the second touch for the lower trendline, and the second touch for the upper trendline didn't occur until after; so there was no triangle at that point.

Sometimes I will redraw: if for example I draw close to close and it later becomes apparent that low to low or high to high is a more accurate rendering of the range the pair is moving in, I'll switch. In the case of the U/J triangle, the closes reduce clarity, while the lows and highs enhance it. There's a bit of interpretive wiggle room here, maybe, but if a pattern is there, it is there, whether it's closes or highs/lows. If someone was concerned about playing pattern breakouts conservatively (i.e. with the most assurance they can get that the break IS occurring), I would advise them to place their stop/limit orders with reference to the highs/lows.

Any pattern becomes invalid when its clarity is ruined : a breakout ruins clarity: a higher high and a lower low ruins a symmetrical triangle's clarity. Price sometimes wanders out of clear patterns during times of low volume because of a lack of momentum: this can ruin clarity.

When clarity is disrupted, I may keep one line from the busted pattern around. On an upside break from a symmetrical triangle for example, the top trendline is toast, but the bottom trendline is still valid support that has not be negated. Nevertheless, clarity is gone, so the pattern is now irrelevant.

Also, consider that patterns can exist inside patterns: a descending triangle can exist within a symmetrical triangle on a shorter TF, etc. These micro-patterns can give clues to larger breakouts, or can hint at reversal points within the range of a larger, consolidating pattern.

[4xStar]

Originally Posted by Andrewunknown

See our discussion from last Thursday in posts 169-170.

Sorry, the dementia was kicking in again Those are the .33 and .67 lines added to the fan fib (in MT4 you can add any level you want).

Check :
a) the speed lines off the swing high @ 213.95 on 08/06 to
b) swing low @ 202.55 on 08/13.
...the .33 line is serving as upper descendline trendline resistance since last Friday.

I may not have it drawn right .. I see no touches of that line during the descent. Looks like the touches are between the .25 fib fan and the .33 .. is that considered close enough, that it doesn't actually touch the line?

[TheRumpledOne]

Originally Posted by 4xStar

TRO, you still don't get it .. it is not about you making money. This is America, and I hope you become a millionaire selling your indicators if they help others succeed. And if I think they are truly useful, I will feature a link to you on my site as well. No kickbacks, or commission. Yes I get kickbacks from some of my site links, not all. I feature information there that I truly think willl help others as it has helped me. If the provider has an affiliate program, I would be stupid not to use it, especially with my limited income. But that is not the criteria, the value of what is offered is the criteria.

Why not put a link in your sig line like I do? BP allows that after 100 posts, people can go to a site, see what you do & what they need to do to get your indicators, and they can make their decision.

That is the upfront way to do it, IMHO.

Anyway, especially now that you have reduced those charts, you are welcome to post here, any input that helps us trade better is welcome.

YOU'RE THE ONE WHO DOESN'T GET IT AND DOESN'T WANT TO GET IT.

I offered a TRUCE via PM and you declined.

"it is not about you making money." That's DOUBLE SPEAK. If that were true then you're website would NOT be a revenue stream. See it's OK to do it the way you do it but you don't like the way I do it so it's not OK. That's HYPOCRISY.

"If the provider has an affiliate program, I would be stupid not to use it, especially with my limited income. But that is not the criteria, the value of what is offered is the criteria." More DOUBLE SPEAK. Once again, it's OK for you do it it but when I post my link I am labeled a SCAMMER and a SPAMMER.

I can "read between the lines" and it's all very clear.

[4xStar]

Originally Posted by Andrewunknown

Any pattern becomes invalid when its clarity is ruined : a breakout ruins clarity: a higher high and a lower low ruins a symmetrical triangle's clarity. Price sometimes wanders out of clear patterns during times of low volume because of a lack of momentum: this can ruin clarity.

When clarity is disrupted, I may keep one line from the busted pattern around. On an upside break from a symmetrical triangle for example, the top trendline is toast, but the bottom trendline is still valid support that has not be negated. Nevertheless, clarity is gone, so the pattern is now irrelevant.

OK, this makes sense & I think I was doing it right .. I am keeping previous lines, make them a different color, and only change the line when there are enough disruptions of the previous to 'disrupt the clarity'. That is a good way of putting it.

She's going for a 3rd test of the lows as we speak ... or maybe a break?

[TheRumpledOne]

The TRO FX DASHBOARD EXT will allow the trader to enter just about any external indicator in your indicator folder and display if it is going up or down.

See 4xStar, I like to HELP PEOPLE, TOO. My degree was in Computer Science. I have been trading as long as I have been programming. That gives me an edge. I hate to see people spend hundreds or thousands of dollars on software, most of which is crap. That's why I have posted hundreds of FREE indicators.

Traders should focus on trading and not programming. Since I can do both, I share. It's called PAYING IT BACK and PAYING IT FORWARD. Over the years, people have shown their appreciation by sending me gifts and donations. So as a THANK YOU, I send them indicators that I haven't posted. There is no evil intention.

But you will see ONLY what you want to see.

[cadarkitek]

RTO I thought we were clear about you posting smaller charts. Its really annoying man. You could try creating a thread where you post those huge charts.

[Andrewunknown]

How about that truce?

We all seemed to agree a couple pages ago, and somehow got away from it. If we all share the motive of helping others: great. If there are ulterior motives for what we post: God knows. Let's assume the best of one another because the goal, again, is to discuss strategies: no referral/affiliate links, no solicitations, no duplicity: just comments on the pairs regarding what we see or how we trade them. In an environment of posts like that, any attempt by a contributor to divert attention elsewhere will be blatantly out-of-place and can be addressed openly for what it is.

When/if that post comes, it can be dealt with swiftly and resolutely. But for now, back to the pairs. TRO seems amenable to posting charts with dimensions that don't break the thread framing, so that problem is now a non-problem.