Mp -- Some Of My Non-secret Secrets

[mp6140]

well, the one year could be considered a LONG timeframe, as well as the MONTHLY, but settling more into what lies before you on your exquisite MT4 charting package, designed in the FORMER USSR by all of Putins best KGB operatives (it does report back DIRECTLY to his desk, and REMEMBER - - - - he KNOWS where YOU live !), I would consider anything above the 15 minute to be a longer term timeframe !

btw — i never left, just havent slept what with the wonders of the past few days — like a farmer, I make hay while the sun shines ---- and theres been PLENTY of hay to be made — NOW i gots to figure out what the heck to do with this hay !

enjoy and trade well

mp

PS ---- while i could write a book, or at least a small pamphlet on HOW this little thingie works, you can do NO better than to WATCH the silly thing and SEE what happens — REMEMBER, while the crosses can and DO predict moves, THAT is NOT its main reason for living ---- it clues you as to when weakness is setting in, WHERE to be careful and it wanders the world, arm in arm with its buddy, the LRC — put the tools TOGETHER and see how they function.

it shows trend direction, impending changes in that direction, strength of the move (how far are the ma’s ABOVE or BELOW the 50 ema ?) strength of the trend (what angle are they moving at?) and tons more, some of which is of interest to some people, and other stuff that is interesting to the “other stuff” people.

the only thing it dont do is tell you stories about economics, which are best left to the “water fountain” indicator, where so many of THOSE discussions take place !

when I am up to it, i will summarize how everything interacts together in some succinct manner that differs from my usual ramblings, and there shall be happiness in the world, the sheep shall lie down with the lions, and the lepruchaun guarding the pot of gold will be scared beyond words !

SOON !

mp

Hello Mp,

Come back soon! Just a quick question taken from your original MACD MA post. What do you consider the longer time frames, or the timeframes where the 50ema cross is effective?

Gracias

[sandpipper]

And MP, stay gone as long as you can. After all the hours you’ve logged helping us newbs, I’m sure you could use a break. Hell, I’m even sick of my stupid questions.:rolleyes:

I concur on both fronts! I solace myself on the latter point with this quote which has proved very true in every other area of life and I think applies here to us newbs…" All things are difficult before they are easy." Thomas Fuller

Now of course this rule doesn’t apply to MP and others who shepherd the newbie flock, it seems they choose the path of difficulty, as its ALWAYS the same thing for them answering the same questions, giving the same advice, putting out the same fires, etc. So hats off to them…as soon as we learn in comes a new batch of ignorant newbs, thinking they can punch a couple of buttons become millionaires over night, and the same grinding process starts over for them. KUDOS

[husky_1]

Being the observant guy that I am, it seems that the cycles may have shifted back 15min today I will provide some updated code, but this will be my last update. Rest assured, if you see changes like this you can always manually edit the indicator yourself if you would like.

//+------------------------------------------------------------------+
//| Husky_45min_reversals-2.mq4                                        |
//| This has been adapted from the Tim zones: by                     |
//|  Brad Eckert's Time Zones added by Jacob Yego                    |
//|  Creates lines every 45 minutes.                                      |
//|  The slots are based on FXDD +2GMT                               |
//+------------------------------------------------------------------+



#property indicator_chart_window

//------- 45 Minute Times -------------------------------
extern int    NumberOfDays = 10;        // ���������� ����
extern string Begin_1      = "02:00";
extern string End_1        = "02:00";
extern color  Color_1      = Red;
extern string Begin_2      = "02:45";
extern string End_2        = "02:45";
extern color  Color_2      = Green;
extern string Begin_3      = "03:30";
extern string End_3        = "03:30";
extern color  Color_3      = Red;
extern string Begin_4      = "04:15";
extern string End_4        = "04:15";
extern color  Color_4      = Green;
extern string Begin_5      = "05:00";
extern string End_5        = "05:00";
extern color  Color_5      = Red;
extern string Begin_6      = "05:45";
extern string End_6        = "05:45";
extern color  Color_6      = Green;
extern string Begin_7      = "06:30";
extern string End_7        = "06:30";
extern color  Color_7      = Red;
extern string Begin_8      = "07:15";
extern string End_8        = "07:15";
extern color  Color_8      = Green;
extern string Begin_9      = "08:00";
extern string End_9        = "08:00";
extern color  Color_9      = Red;
extern string Begin_10      = "08:45";
extern string End_10        = "08:45";
extern color  Color_10      = Green;
extern string Begin_11      = "09:30";
extern string End_11        = "09:30";
extern color  Color_11      = Red;
extern string Begin_12      = "10:15";
extern string End_12        = "10:15";
extern color  Color_12      = Green;
extern string Begin_13      = "11:00";
extern string End_13        = "11:00";
extern color  Color_13      = Red;
extern string Begin_14      = "11:45";
extern string End_14        = "11:45";
extern color  Color_14      = Green;
extern string Begin_15      = "12:30";
extern string End_15        = "12:30";
extern color  Color_15      = Red;
extern string Begin_16      = "13:15";
extern string End_16        = "13:15";
extern color  Color_16      = Green;
extern string Begin_17      = "14:00";
extern string End_17        = "14:00";
extern color  Color_17      = Red;
extern string Begin_18      = "14:45";
extern string End_18        = "14:45";
extern color  Color_18      = Green;
extern string Begin_19      = "15:30";
extern string End_19        = "15:30";
extern color  Color_19      = Red;
extern string Begin_20      = "16:15";
extern string End_20        = "16:15";
extern color  Color_20      = Green;
extern string Begin_21      = "17:00";
extern string End_21        = "17:00";
extern color  Color_21      = Red;
extern string Begin_22      = "17:45";
extern string End_22        = "17:45";
extern color  Color_22      = Green;
extern string Begin_23      = "18:30";
extern string End_23        = "18:30";
extern color  Color_23      = Red;
extern string Begin_24      = "19:15";
extern string End_24        = "19:15";
extern color  Color_24      = Green;
extern string Begin_25      = "20:00";
extern string End_25        = "20:00";
extern color  Color_25      = Red;
extern string Begin_26      = "20:45";
extern string End_26        = "20:45";
extern color  Color_26      = Green;
extern string Begin_27      = "21:30";
extern string End_27        = "21:30";
extern color  Color_27      = Red;
extern string Begin_28      = "22:15";
extern string End_28        = "22:15";
extern color  Color_28      = Green;
extern string Begin_29      = "23:00";
extern string End_29        = "23:00";
extern color  Color_29      = Red;
extern string Begin_30      = "23:45";
extern string End_30        = "23:45";
extern color  Color_30      = Green;
extern string Begin_31      = "00:30";
extern string End_31        = "00:30";
extern color  Color_31      = Red;
extern string Begin_32      = "01:15";
extern string End_32        = "01:15";
extern color  Color_32      = Green;
extern bool   HighRange    = True;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
void init() {
  DeleteObjects();
  for (int i=0; i<NumberOfDays; i++) {
   CreateObjects("PWT1"+i, Color_1);
   CreateObjects("PWT2"+i, Color_2);
   CreateObjects("PWT3"+i, Color_3);
   CreateObjects("PWT4"+i, Color_4);
   CreateObjects("PWT5"+i, Color_5);
   CreateObjects("PWT6"+i, Color_6);
   CreateObjects("PWT7"+i, Color_1);
   CreateObjects("PWT8"+i, Color_2);
   CreateObjects("PWT9"+i, Color_3);
   CreateObjects("PWT10"+i, Color_4);
   CreateObjects("PWT11"+i, Color_5);
   CreateObjects("PWT12"+i, Color_6);
   CreateObjects("PWT13"+i, Color_1);
   CreateObjects("PWT14"+i, Color_2);
   CreateObjects("PWT15"+i, Color_3);
   CreateObjects("PWT16"+i, Color_4);
   CreateObjects("PWT17"+i, Color_5);
   CreateObjects("PWT18"+i, Color_6);
   CreateObjects("PWT19"+i, Color_1);
   CreateObjects("PWT20"+i, Color_2);
   CreateObjects("PWT21"+i, Color_3);
   CreateObjects("PWT22"+i, Color_4);
   CreateObjects("PWT23"+i, Color_5);
   CreateObjects("PWT24"+i, Color_6);
   CreateObjects("PWT25"+i, Color_3);
   CreateObjects("PWT26"+i, Color_4);
   CreateObjects("PWT27"+i, Color_5);
   CreateObjects("PWT28"+i, Color_6);
   CreateObjects("PWT29"+i, Color_1);
   CreateObjects("PWT30"+i, Color_2);
   CreateObjects("PWT31"+i, Color_3);
   CreateObjects("PWT32"+i, Color_4);
  }
  Comment("");
}

//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
void deinit() {
  DeleteObjects();
  Comment("");
}


//+------------------------------------------------------------------+
void CreateObjects(string no, color cl) {
  ObjectCreate(no, OBJ_VLINE, 0, 0,0, 0,0);
  ObjectSet(no, OBJPROP_STYLE, STYLE_SOLID);
  ObjectSet(no, OBJPROP_COLOR, cl);
  ObjectSet(no, OBJPROP_BACK, True);
}

//+------------------------------------------------------------------+
void DeleteObjects() {
  for (int i=0; i<NumberOfDays; i++) {
     ObjectDelete("PWT1"+i);
      ObjectDelete("PWT2"+i);
      ObjectDelete("PWT3"+i);
      ObjectDelete("PWT4"+i);
      ObjectDelete("PWT5"+i);
      ObjectDelete("PWT6"+i);
      ObjectDelete("PWT7"+i);
      ObjectDelete("PWT8"+i);
      ObjectDelete("PWT9"+i);
      ObjectDelete("PWT10"+i);
      ObjectDelete("PWT11"+i);
      ObjectDelete("PWT12"+i);
      ObjectDelete("PWT13"+i);
      ObjectDelete("PWT14"+i);
      ObjectDelete("PWT15"+i);
      ObjectDelete("PWT16"+i);
      ObjectDelete("PWT17"+i);
      ObjectDelete("PWT18"+i);
      ObjectDelete("PWT19"+i);
      ObjectDelete("PWT20"+i);
      ObjectDelete("PWT21"+i);
      ObjectDelete("PWT22"+i);
      ObjectDelete("PWT23"+i);
      ObjectDelete("PWT24"+i);
      ObjectDelete("PWT25"+i);
      ObjectDelete("PWT26"+i);
      ObjectDelete("PWT27"+i);
      ObjectDelete("PWT28"+i);
      ObjectDelete("PWT29"+i);
      ObjectDelete("PWT30"+i);
      ObjectDelete("PWT31"+i);
      ObjectDelete("PWT32"+i);
    
  }
}

//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
void start() {

  datetime dt=CurTime();

  for (int i=0; i<NumberOfDays; i++) {
          DrawObjects(dt, "PWT1"+i, Begin_1, End_1);
          DrawObjects(dt, "PWT2"+i, Begin_2, End_2);
           DrawObjects(dt, "PWT3"+i, Begin_3, End_3);
          DrawObjects(dt, "PWT4"+i, Begin_4, End_4);
          DrawObjects(dt, "PWT5"+i, Begin_5, End_5);
          DrawObjects(dt, "PWT6"+i, Begin_6, End_6);
          DrawObjects(dt, "PWT7"+i, Begin_7, End_7);
          DrawObjects(dt, "PWT8"+i, Begin_8, End_8);
           DrawObjects(dt, "PWT9"+i, Begin_9, End_9);
          DrawObjects(dt, "PWT10"+i, Begin_10, End_10);
          DrawObjects(dt, "PWT11"+i, Begin_11, End_11);
          DrawObjects(dt, "PWT12"+i, Begin_12, End_12);
           DrawObjects(dt, "PWT13"+i, Begin_13, End_13);
          DrawObjects(dt, "PWT14"+i, Begin_14, End_14);
          DrawObjects(dt, "PWT15"+i, Begin_15, End_15);
          DrawObjects(dt, "PWT16"+i, Begin_16, End_16);
          DrawObjects(dt, "PWT17"+i, Begin_17, End_17);
          DrawObjects(dt, "PWT18"+i, Begin_18, End_18);
           DrawObjects(dt, "PWT19"+i, Begin_19, End_19);
          DrawObjects(dt, "PWT20"+i, Begin_20, End_20);
          DrawObjects(dt, "PWT21"+i, Begin_21, End_21);
          DrawObjects(dt, "PWT22"+i, Begin_22, End_22);
           DrawObjects(dt, "PWT23"+i, Begin_23, End_23);
          DrawObjects(dt, "PWT24"+i, Begin_24, End_24);
          DrawObjects(dt, "PWT25"+i, Begin_25, End_25);
          DrawObjects(dt, "PWT26"+i, Begin_26, End_26);
          DrawObjects(dt, "PWT27"+i, Begin_27, End_27);
          DrawObjects(dt, "PWT28"+i, Begin_28, End_28);
           DrawObjects(dt, "PWT29"+i, Begin_29, End_29);
          DrawObjects(dt, "PWT30"+i, Begin_30, End_30);
          DrawObjects(dt, "PWT31"+i, Begin_31, End_31);
          DrawObjects(dt, "PWT32"+i, Begin_32, End_32);
    dt=decDateTradeDay(dt);
    while (TimeDayOfWeek(dt)>5) dt=decDateTradeDay(dt);
  }
}


//+------------------------------------------------------------------+
void DrawObjects(datetime dt, string no, string tb, string te) {
  datetime t1, t2;
  double   p1, p2;
  int      b1, b2;

  t1=StrToTime(TimeToStr(dt, TIME_DATE)+" "+tb);
  t2=StrToTime(TimeToStr(dt, TIME_DATE)+" "+te);
  b1=iBarShift(NULL, 0, t1);
  b2=iBarShift(NULL, 0, t2);
  p1=High[Highest(NULL, 0, MODE_HIGH, b1-b2, b2)];
  p2=Low [Lowest (NULL, 0, MODE_LOW , b1-b2, b2)];
  if (!HighRange) {p1=0; p2=2*p2;}
  ObjectSet(no, OBJPROP_TIME1 , t1);
  ObjectSet(no, OBJPROP_PRICE1, p1);
  ObjectSet(no, OBJPROP_TIME2 , t2);
  ObjectSet(no, OBJPROP_PRICE2, p2);
}


//+------------------------------------------------------------------+
datetime decDateTradeDay (datetime dt) {
  int ty=TimeYear(dt);
  int tm=TimeMonth(dt);
  int td=TimeDay(dt);
  int th=TimeHour(dt);
  int ti=TimeMinute(dt);

  td--;
  if (td==0) {
    tm--;
    if (tm==0) {
      ty--;
      tm=12;
    }
    if (tm==1 || tm==3 || tm==5 || tm==7 || tm==8 || tm==10 || tm==12) td=31;
    if (tm==2) if (MathMod(ty, 4)==0) td=29; else td=28;
    if (tm==4 || tm==6 || tm==9 || tm==11) td=30;
  }
  return(StrToTime(ty+"."+tm+"."+td+" "+th+":"+ti));
}
//+------------------------------------------------------------------+

[sandpipper]

@mp6140

well, the one year could be considered a LONG timeframe, as well as the MONTHLY, but settling more into what lies before you on your exquisite MT4 charting package, designed in the FORMER USSR by all of Putins best KGB operatives (it does report back DIRECTLY to his desk, and REMEMBER - - - - he KNOWS where YOU live !), I would consider anything above the 15 minute to be a longer term timeframe !
Thanks for the clarification as to the time frame question. As to Putin, it is kind of a relief to finally know who it is beating around at night, opening my mail etc. I was paranoid that it was OUR government.
btw — i never left, just havent slept what with the wonders of the past few days — like a farmer, I make hay while the sun shines ---- and theres been PLENTY of hay to be made — NOW i gots to figure out what the heck to do with this hay !

Distressing problem to have I’m sure!

enjoy and trade well

mp

PS ---- while i could write a book, or at least a small pamphlet on HOW this little thingie works, you can do NO better than to WATCH the silly thing and SEE what happens — REMEMBER, while the crosses can and DO predict moves, THAT is NOT its main reason for living ---- it clues you as to when weakness is setting in, WHERE to be careful and it wanders the world, arm in arm with its buddy, the LRC — put the tools TOGETHER and see how they function.

it shows trend direction, impending changes in that direction, strength of the move (how far are the ma’s ABOVE or BELOW the 50 ema ?) strength of the trend (what angle are they moving at?) and tons more, some of which is of interest to some people, and other stuff that is interesting to the “other stuff” people.

I’m more than interested in any “stuff” you might have to dispense. I understand that there is no replacement for hours and hours staring at those pretty little lines which I am doing, but as of now I’m just starting to see profitable patterns or setups. I have no idea what they mean just that good things usually happen when they start traipsing across my monitor. I also need to go back and decipher old posts here and other places to help me decipher what i’m seeing.

when I am up to it, i will summarize how everything interacts together in some succinct manner that differs from my usual ramblings, and there shall be happiness in the world, the sheep shall lie down with the lions, and the lepruchaun guarding the pot of gold will be scared beyond words !

SOON !
Waiting with bated breath!!

Learned Haymaker,

In this space I was going to type a long boring synopsis of what I’ve learned in the last 3 weeks starting out basically from scratch. To everyones relief I think I will keep the report in my fingers for awhile longer!

Let me just simply say though that most things you teach are truly making sense. Thanks to the friendly indicators and overlays you have given us, price action is getting easier and easier to understand. Now I don’t know if the last 3 days have been easier to trade than any other 3 day segment through the years but I have been extremely profitable on my demo account. Today in just sporadic trading as I had to work my Real Job I managed to reel in over 300 pips. Beginners luck maybe, but none of the trades are guessing, I’m beginning to know with (a little ) certainty where the price is headed.

So thanks again for giving to us newbs!

I made a pact with myself that I wouldn’t put any money in a micro for a year but obviously thats not going to happen as I need to figure out if I can psychologically handle seeing my money in drawdown.

Happy Pipping,
sandpipper

[mp6140]

There are many a thread more popular than mine, usually based on the fact that SOME kind of system is put forth and whatever its worth, its an easy way to start trading forex.

as im fond of saying, there are MANY MANY good “systems” and if one is looking for a handout, this aint the place ----- this is kinda a mentorship with a rather crusty old coot and i wont base my successes on numbers of readers but rather number of traders who “get it” and move forward rapidly !

ANYONE can come up with a “system” that generates more good than bad (well, ok - - - some do it the other way around) but i only rarely give out tp points (i would be the MOST popular person in the world if i did that) and I try to teach TRADING, and not how to just follow two lines that cross in the night, having a secret tryst and then moving away from each other to cross paths again on the downside of life !

to those who will continue on, being able to trade ANY market, pairs or problems, I devote my time and energies, which is the reason i must imagine that so few of the many readers ask questions — maybe they just dont got the questions yet !

ONE of the biggest problems facing newbs is TRUSTING what they see or think they see (this applies to those who have accumulated a bit of trading time) and it takes TIME to be able to trust ---- once you can, assuming youre “right”, things fall rapidly into place, but it does take time to trust yourself, and THAT is what separates the wannabees from the “doers”.

Its not easy but OMG, how absolutely REWARDING (in all manners) when you can and do !

Its called PAYBACK and if i can easily learn to accumulate 900 or more pips a day, with my alleged brain, then I know the younger and sharper lions out there can do it also and it gives me a certain pleasure to be part of that !

ya’ll come back real soon, ya’ hear !

mp

[sandpipper]

There are many a thread more popular than mine, usually based on the fact that SOME kind of system is put forth and whatever its worth, its an easy way to start trading forex.

as im fond of saying, there are MANY MANY good “systems” and if one is looking for a handout, this aint the place ----- this is kinda a mentorship with a rather crusty old coot and i wont base my successes on numbers of readers but rather number of traders who “get it” and move forward rapidly !

ANYONE can come up with a “system” that generates more good than bad (well, ok - - - some do it the other way around) but i only rarely give out tp points (i would be the MOST popular person in the world if i did that) and I try to teach TRADING, and not how to just follow two lines that cross in the night, having a secret tryst and then moving away from each other to cross paths again on the downside of life !

to those who will continue on, being able to trade ANY market, pairs or problems, I devote my time and energies, which is the reason i must imagine that so few of the many readers ask questions — maybe they just dont got the questions yet !

ONE of the biggest problems facing newbs is TRUSTING what they see or think they see (this applies to those who have accumulated a bit of trading time) and it takes TIME to be able to trust ---- once you can, assuming youre “right”, things fall rapidly into place, but it does take time to trust yourself, and THAT is what separates the wannabees from the “doers”.

Its not easy but OMG, how absolutely REWARDING (in all manners) when you can and do !

Its called PAYBACK and if i can easily learn to accumulate 900 or more pips a day, with my alleged brain, then I know the younger and sharper lions out there can do it also and it gives me a certain pleasure to be part of that !

ya’ll come back real soon, ya’ hear !

mp

Crusty Haymaker,

Good post. When I started a month or so ago to peruse BPs trying to figure if pippin was the thing for me I stumbled on this thread, one thread amongst many many others, and something clicked. I’m not sure what exactly clicked, might’ve been my “womanly” intuition or indigestion, but whatever it was hasn’t gone away. You said it well in your imitable style up above, the thing that made sense to me was that I need to learn to trade what is in front of me, not necessarily a system. I consciously apply this same principle in another passion of mine which is the sport of basketball. In basketball you simply capitalize on what the defense gives you. Thats the challenge physically in bball and mentally in pippin (my new verb) .

As to the questions I have bunches of them but, I don’t want to bite the hand that feeds me. Many of them I can figure out with a little finger knuckle grease and then applying my orbs to the cut and paste posts you have posted here and other threads. The real toughies I will post here though.

AGAIN thanks for everything. The peeps will be back, trust me!

Aesop - “After all is said and done, more is said than done.”

[mp6140]

HOLD IT —

i guess it looked like a lament, but wasnt actually.

ive got over 11.5 K views and just a couple of questions along the way, from just a few peeps who i love dearly, but WHERE THE HECK ARE THE OTHERS ??

out of over 11 thou views, NO ONE has a question — not even a little one ?

no one is in trouble and needs advice – no one has problems with the LRC, or support and resistance or where to go after s+r runs out (the bolls, of course)

its a wonderful world if so many are finding it so simple —

mp

[sandpipper]

HOLD IT —

i guess it looked like a lament, but wasnt actually.

ive got over 11.5 K views and just a couple of questions along the way, from just a few peeps who i love dearly, but WHERE THE HECK ARE THE OTHERS ??

out of over 11 thou views, NO ONE has a question — not even a little one ?

no one is in trouble and needs advice – no one has problems with the LRC, or support and resistance or where to go after s+r runs out (the bolls, of course)

its a wonderful world if so many are finding it so simple —

mp

Haymaker,

Hmmm you have a point!

Just to crack the door a bit I will ask a question. A comment by sweet pip in another thread prompted it, so if it is a bad question I lay the blame at her feet.

Here is what she said here:

http://forums.babypips.com/newbie-island/18957-first-margin-call-need-help.html

[I]To add to that, indicators… like stochs… that show over sold/bought conditions are really only good when price action is in a range. When price action is in a trend, they are very misleading which is why I don’t use them because you never know exactly when a range ends and a trend starts with them until it’s in it, which is a little late when you’ve got a trade on in the wrong direction.[/I]

First off I have assumed that when people speak of the price action in range, they are not speaking of home home on the range, but of horizontal action. So whatever time frame you might choose the Shi Channel is flat across the horizon of my screen. Trending Price, on the other hand, is just that, trending up or down. Is this correct? (see a real question)

Secondly what are the [B]weakness[/B] of the various tools that you have laid out for us? When can they [B]not[/B] be trusted? I am speaking of Handdrawn LRC, Shi Channel, Ziggy, Barry, [B]Stoch[/B]inburg, ZZ Semafor, MACD, CCI, A/D and the various moving averages you have told us about. (still waiting for the fractals)

Thirdly I know that you have mentioned that your methods work except in the most whippy conditions. What does whippy mean? I have my assumptions but it is one thing I haven’t searched for yet.

3 question for me. Now if each one of the 3500 hundred other people following this thread will ask 3 then MP will have something to do besides just making money.

�Get your facts first, then you can distort them as you please.� mk twain

[OneTexan]

Mind if I say, the 11 K peeps are well, just peeps-they see and use what they like, and forget to mention “thank you sir”

HOLD IT —

i guess it looked like a lament, but wasnt actually.

ive got over 11.5 K views and just a couple of questions along the way, from just a few peeps who i love dearly, but WHERE THE HECK ARE THE OTHERS ??

out of over 11 thou views, NO ONE has a question — not even a little one ?

no one is in trouble and needs advice – no one has problems with the LRC, or support and resistance or where to go after s+r runs out (the bolls, of course)

its a wonderful world if so many are finding it so simple —

mp

[sandpipper]

Ok I just want to know this! Now I understand the road to becoming a fx master is paved with blown accounts, hair ringing and hand pulling, but so far this seems surprisingly simple. The price goes up and down the trader buys the trader sells. Nothing but clicks on a button.

I read through system after system offering 40-150 pips a day and I’m like why hold yourself back. This morning before going to work in an hour and a half of trading 12 consecutive winning trades for over 200 pips. That was being distracted with a 2 year old daughter in my lap looking at pictures of birds, clowns, giraffes etc on google. I don’t type this to brag but because I want to be grounded! I understand that a good demo trader does not a real trader make. I understand that I have newbie exuberance! Am I wrong though to think that I can actually do this.

I know I need a real money account and have consecutive bad days in a row to test my resolve.

Help me with my mindset.

Ok I’m off to work… thinking about the day when I can stay at home and push buttons for a living!

[mp6140]

allow the morning to calm down and i can give my opinion on some things, but also note that sweetpips tends to be “suspicious” in many ways AND smart also ! What she says is true UP TO THE POINT SHE STOPPED looking, which is very much how people functionl

there are one or two things I HAVENT spoken about simply because I wanted others to absorb EACH piece of the “setup” by watching what each does independently !

Sweetpips is a believer in TRO, who I have known for 6 or seven years — essentially he is a scalper who saw what i was making on overnite trades and decided he would try also, which he did with success as far as i know.

MOST of his trading (not indicator) ideas have come from me (his trading with the “opening” price is the same as my “previous close” (theyre the same thing) only ive been using it for seven years and he just caught on !

Sweetpips has a good point, but there are things she DOESNT know about yet, and those THINGS will be revealed as we go along, [B]especially as i just found an MT4 indicator that is a duplicate of what i depend on in my quotetracker charts ![/B]

later after all settles down

mp

[husky_1]

Ok, You asked for more questions, so here are mine. I know I am one of the hanger on-ers but what the heck.

1. Scalping the 1m with my auto 80 LRC (Shi is a good tool but not an end all on 1m), seems to work for a good portion of the day. What time slots do you stay away from. I noticed 8pm - 11 and then about 10am to 11:30. Anything else.

2. Do you notice the 15 minute cycle change every day? Once again on the m1, there is a 45 minute cycle. Every day I have seen a shift back 15m…This usually happens overnight and the cycle picks up again after US open.

3. While the 1m looks like a directional sine wave, the other time frames do not. Can you expand on the best way to play longer term trades?

[sandpipper]

1. Scalping the 1m with my [B]auto 80 LRC[/B] (Shi is a good tool but not an end all on 1m), seems to work for a good portion of the day. What time slots do you stay away from. I noticed 8pm - 11 and then about 10am to 11:30. Anything else.

That quote reminded me that you posted the code for the auto lrc along time ago. Now that I know how to load these things (thanks to you) do you find it useful and accurate. Does it just count the # of candles back to anchor the start or is it smart enough to see the minitrends within the larger trend? If it just counts candles It seems as if it would be a bit different then the hand drawn LRC in MT4 where the anchor (starting point) is the first candle in an up or down minitrend. Any comments?

[husky_1]

Hey Sandpiper, I just count candles back. I posted 2, the 24 candle and a 128, but there is a setting that you can change it to any amount of candles. I find 80 works well, the 24 is not much use on this m1 though.

Really, Its just a matter of setting a number that looks good for you! Please do not make the mistake of thinking my time frames and lines are even close to the an end all be all, I am a newb trying to find my edge with some price action lines. I post these so that others maybe able to easily edit them to find their own edge…Which I truly hope we can do here…

[mp6140]

LOL – Husky is falling into the “traders trap” that I find humor with !

I know people talk of an “edge”, but its really something I laugh about and lives in the same land as those who quote “the art of war” as a psychological basis for how they trade !

edges and “advantages” are illusions — you either know or you DONT know !

I win an awful lot of pips playing this little GAME of forex, and i have NO edge, only a solid grounding in the basic rules of how the game is played.

Last nite i was on yahoo with a trader from this thread and we talked of many things while trades went back and forth – showing how i use s+r, the fibs and trend demonstrated my “edge”, which was NOTHING more than grasping what and where the price was doing and where it was going, over a number of timeframes.

theres no grail, no edge, no advantages, no crap shoots – its simply knowing the trend, knowing when things reverse and observing s+r and if these levels are broken which means we move to the next level ---- EDGES are for razors and knives — education and experience are for TRADING !

actually, this is a rather boring game, with its moments of excitement when things move quickly, but essentially its really no more than hitting buttons at the correct time and could probably be done by a barrel of monkeys if they had enough margin available !

please note that this is NOT a rant, but just another wee lesson in this wonderful game of trading !

enjoy and trade well

mp

I post these so that others maybe able to easily edit them to find their own edge…Which I truly hope we can do here…

[husky_1]

MP, Just a little fun here around the word edge:

[I]Edge:
A slight competitive advantage; “he had an edge on the competition”. (WordNet Search - 3.0)

[/I]

I win an awful lot of pips playing this little GAME of forex…

So you admitted that this is a game, and you admit that you win. How is it that your understanding of the market is not an edge then?

p.s. I am not really a fan of calling it a game or competition, so I agree with your statements. However when I had used the word edge, I meant it more like “glasses”, allowing you to see what is there without squinting too much.

[mp6140]

never fall into the trap of taking me TOO seriously !

i laugh a lot at men (always men) who see this as a war, competition or struggle against strong odds — for me its a fun game and a way to earn enough to start buying third world countries, where i can become an EMPORER, which i think is kewl, and moving forward in my own small ways !

it wasnt a rant, just a fun situation and i grabbed a word you used to increase my post count, like a writer for the ny times !

i just dont take any of this very seriously, because it is JUST a fun game with real money and “game” has NO reference to “competition”, cause i am only competing against my own self — i either do “right” or “wrong”, but do not ever believe its ME vs THEM ! (EXCEPT at 6PM when i make a move and some trader over in europe counters or changes direction on me — but thats ANOTHER story ! (just cause youre paranoid, dont mean they aint after you !)

LOL

mp

[husky_1]

Banter…thats all, not taking anything too serious today since the grim reaper is about. At my real job we are in the middle of layoffs and escorts (not the fun type) posted around the building make it hard to concentrate.

To lighten the mood, the 22 pips I just “won” while composing this reply helped some. I did break my rule about not trading between 930 and 1130 but the 3 crows loomed over the Cables m1…

[PipPimper]

Hi Sir,

I know people talk of an “edge”, but its really something I laugh about and lives in the same land as those who quote “the art of war” as a psychological basis for how they trade !

You realized me that apparently I believe in chess psychology, I don’t believe in good moves, I don’t believe in Forex psychology, I believe in good trades. It’s strange but it is the truth and thank you.

I win an awful lot of pips playing this little GAME of forex, and i have NO edge, only a solid grounding in the basic rules of how the game is played.

Sir, I have a humble request. I want to play a game chess against you. And I don’t know how and when as I am very busy. Just for fun. If not possible it’s ok either. Who I am, a middle-class wireman, to play chess against a chairman of a company.

Last nite i was on yahoo with a trader from this thread and we talked of many things while trades went back and forth – showing how i use s+r, the fibs and trend demonstrated my “edge”, which was NOTHING more than grasping what and where the price was doing and where it was going, over a number of timeframes.

See you at Amoeba Drop, Yahoo Chess if the connection will not be broken, if you would be glad to play.

i laugh a lot at men (always men) who see this as a war, competition or struggle against strong odds — for me its a fun game and a way to earn enough to start buying third world countries, where i can become an EMPORER, which i think is kewl, and moving forward in my own small ways !

Play chess, I win I can laugh, you can laugh, I lose I would be very frustrated, you can laugh. BTW I laugh at women (mostly women) at playing chess just I am losing.

i laugh a lot at men (always men) who see this as a war, competition or struggle against strong odds — for me its a fun game and a way to earn enough to start buying third world countries, where i can become an EMPORER, which i think is kewl, and moving forward in my own small ways !

Neither pride nand sorrow of.

How much should i learn before i starat

Please understand that forex is really a 3 dimensional chess game played with real money, but is understandable by 2 armed humans by bending down and picking off the ground those little scraps of wisdom called EXPERIENCE !!!

For me chess is chess, Forex is Forex. Very big differences.

Enjoy and play well.

[sandpipper]

Hi Sir,

You realized me that apparently I believe in chess psychology, I don’t believe in good moves, I don’t believe in Forex psychology, I believe in good trades. It’s strange but it is the truth and thank you.

Sir, I have a humble request. I want to play a game chess against you. And I don’t know how and when as I am very busy. Just for fun. If not possible it’s ok either. Who I am, a middle-class wireman, to play chess against a chairman of a company.

See you at Amoeba Drop, Yahoo Chess if the connection will not be broken, if you would be glad to play.

Play chess, I win I can laugh, you can laugh, I lose I would be very frustrated, you can laugh. BTW I laugh at women (mostly women) at playing chess just I am losing.

Neither pride nand sorrow of.

For me chess is chess, Forex is Forex. Very big differences.

Enjoy and play well.

Mr. Pimper this qualifies as one of the strangest posts I have ever read on any forum. I read your post 3 times and still have no idea what you were trying to communicate besides you want to play mp at chess.

cheers.

Words differently arranged have a different meaning, and meanings differently arranged have different effects.
Blaise Pascal