Mp -- Some Of My Non-secret Secrets

[mp6140]

Originally Posted by dpaterso

Hello,

Well: 'just for fun' I've 'sat myself down' in front of the EUR/USD 5 minute chart with my 'newly fixed' LRC's (100 bars) and have already done a profitable trade i.e. went short at the line forming the upper channel and took profit at the LR line (middle line).

What I've 'figured' is this though:

LEMME SAY THIS ABOUT THAT !

OVERTHINKING forex is like analyzing the situation when youre in bed with a wonderful woman ---- WHY ON EARTH WOULD YOU WANT TO BOTHER !

I trade forex cause im stupid, and forex behaves as it behaves and should behave, so its kinda simple to make money trading it ---- just always remember that forex is the MOST TRENDING animal out there that you can trade, and if it deviates from trend IT WILL COME RIGHT BACK TO WHERE IT LEFT OFF !

knowing this, i can let my ferret make trades and she does pretty danged well for a critter who cant read or write, and with their notorious bad vision, can barely make out the charts, but i guess she can tell if the chart is going up or down, so does ok !

I like to see people get some decent ideas, that they can incorporate into their own methods, and since i have a lot of people who have taught me, and ive made a whole ton of mistakes myself and ive been in many markets for years now, I give them away freely ---- lots of people judge things by price, so i get overlooked a lot, but then I make money and they usually dont, so there is an inner satisfaction that dwells and laughs its smug little head off !

I normally make about 250% ROI over the year, and since im just a normal genius, I cant count on myself much, so i use little aids --- AND THE LRC IS ONE HELL OF A LITTLE AID.

Regards,

Dale. (forexbrokersonline.net).

harumphhhhh !

mp

oh yeah --- congrats !

[dpaterso]

Well you see: therein lies the problem!!! In the situation you describe: I'd be analysing SOMETHING!!!

But I've got to say this: thanks for 'imparting your wisdom' here. I'd never REALLY given LRC's a second thought really (and only used them, as I said, as a 'filter of sorts' for one of my 'Wilder' systems). You've 'sparked some interest' here (I think it was your inferences to upsetting Barclay's that did it for me)!!! LOL!!!

What I did today (and what's great) is trade 'counter' to whatever 'Wilder position' I have open on the same pair (using a hedge as you also noted) and, of course, the TP on the LRC trade will only serve to increase the profit on the 'Wilder position' when it comes time to close.

I'm experimenting (not to complicate matters of course) with using the 'typical' price ((H+L+C)/3) instead of the closing price in the calculation of the LR and it would appear that this 'catches' more tops and bottoms than using only the closing price. Just for fun you know!!!

Regards,

Dale. (forexbrokersonline.net).

[newtobips]

Hi MP:
I tried drawing LCR and SHI_CHANNEL_true (I wasn't able to find SHI_CHANNEL_Real anywhere after googling) on my GU M15 chart. I attached the chart. As you can see, the price moved over top line of SHI_Channel, but it is on the middle of LCR. SHI_Channel trend is down, but LCR is is little up.

Now, how to trade this? Should I wait until the price hits LCR top line or should I assume that since LCR middle line and SHI top line met,hence the price comes down to bottom of SHI though the price seems to be going up (or staying there) as of now?

Can you please clarify?

Thanks..

[johnnykanoo]

hey dale thanks for the link i didnt get to read it to much yet my mind is to tired. I accually had to work today sometimes I can't wait to sell my business coz all day all i could do was pay half attention to my laptop and I missed some good opportunity allthough the markets seemed to be in a tight range still i guess everybody is waiting to see if ecb will cut more than 50bps and boe cut 100bps ??? I dnt know. i guess i would know more if i didnt have to work today

[mp6140]

Originally Posted by newtobips

Hi MP:
I tried drawing LCR and SHI_CHANNEL_true (I wasn't able to find SHI_CHANNEL_Real anywhere after googling)

BETCHA thats because its real name ends with "true" and not "real" --- guess i better take my mind and fingers out for a little relaxation (DONT jump on that one Dale !)

on my GU M15 chart. I attached the chart. As you can see, the price moved over top line of SHI_Channel, but it is on the middle of LCR. SHI_Channel trend is down, but LCR is is little up.

Now, how to trade this? Should I wait until the price hits LCR top line or should I assume that since LCR middle line and SHI top line met,hence the price comes down to bottom of SHI though the price seems to be going up (or staying there) as of now?

short side play looks correct and i believe the strength in the DOW is whats keeping it from going back under the SHI top channel at the moment.

until a breakdown out of the LRC, i would play the up and down moves within the ranging channel itself, and wait before going strongly short !

for fun, you might set a sell stop BELOW the SHI channel which will get hit when GU decides to drop !
Can you please clarify?

Thanks..

oh yeah, i squished my chart a little to show the bands, but its the same as yours just further down the road a bit

enjoy and trade well

mp

[husky_1]

Being a newb, a lot of the "stuff" you guys are talking about is over my feeble head. There seem to be a lot of innuendo that completely passes me by (I guess it does not fly by, but I still do not understand what is meant ) Regardless of the information that I do not absorb, I still have learned some important points from this thread.

So far my demo trading results are better and I am up 13% each day for the past 2 days after incorporating these channels into not only my entrance but also my exit strategies. This is in contrast to being down over 20% for the week before . Anyway, I still have a lot of demo trades before I start playing with some (very low amount) of cash, but its nice to see a couple days of positive numbers.

Sorry I have no positive wisdom to impart on the masses, but want to throw my thanks out there.

[mp6140]

Originally Posted by husky_1

. . . . . . . . . . l. . . . . . . . So far my demo trading results are better and I am up 13% each day for the past 2 days after incorporating these channels into not only my entrance but also my exit strategies. This is in contrast to being down over 20% for the week before . Anyway, I still have a lot of demo trades before I start playing with some (very low amount) of cash, but its nice to see a couple days of positive numbers.

Sorry I have no positive wisdom to impart on the masses, but want to throw my thanks out there.

think you just imparted some great wisdom for a lot of newbs out there and allow me to say, when you stop being a sallow faced youth and shave like a real man, you can ride with us hombres and have a few of your own innuendoes also !

lookin forward to that day pahdna !

ride well and prosper

mp

[mp6140]

In my never ending quest for truth, justice and the american way, another freebie that ive been receiving for a while now.

i wont argue its merits or otherwise, but it be a lot of fun for the price !

Currency Trader Magazine: Welcome

enjoy and trade well

mp

[dpaterso]

Fantastic!!!

And 'that's not all'!!!

I see they also offer a free subscription to 'Futures & Options Trader' (to which I'm assuming you've also subscribed)!!! LOL!!!

Regards,

Dale. (forexbrokersonline.net).

[dpaterso]

I thought you may appreciate this:

I subscribed to BOTH (OBVIOUSLY) and to my 'shock and horror and amazement' I received the confirmation emails informing me that my JUNE issue was ready for download!!! Anyway: turns out that THEY are not aware that most NORMAL people have their dates in 'dd/mm/yyyy' format so it's just the email that's incorrect i.e. the download links still point, correctly, to the current issues.

Oh I'm used to this kind of thing: Microsoft STILL believe that we have DST!!!

What I noticed on the cover of 'Futures & Options Trader' is that there is an article on trading futures with RSI. NO!!! Could it be??? Not WILDER'S RELATIVE STRENGTH INDEX SURELY!!! (I've not read the article yet because it's still downloading as I type this message but it had BETTER be good).

Regards,

Dale. (forexbrokersonline.net).