[B]COUNTING !!![/B]
not all days are chock full of excitement, lovely woman, wining and dining tips and wonderful stories ---- whatcha think this is, Playboy or Esquire magazine ?
INSTALL the indicators and like SOME on this site, WATCH them and learn how they tell you what to do, or must i come up with an alarm, based in my cave, which when pressed alerts each and everyone of you to BUY or SELL ?
they want EVERYTHING !
mp
Licking my money, and counting my wounds over here.
Great!
Oh, I am not looking for a signal service and I have the indicators all going (Except that damn Semaphore which I cannot seem to find utility in). Slowly but surely I feel like I am coming around, 5 pips here, 10 pips there, 50 pips now, 45 pips in my sleep⌠Looking for Pivots, watching the channels, playing 5 pip trades based on the M1/5 and M15 S/R, starting to like the DSS/ADX stuff, and using the Macd/MA divergence stuff for additional small play confirmation.
That being said, I am a hands on type of learner. I would love to know what others are seeing and why. We all see different eyes.
Yesterday was a bad day for me because I let the gnomes come out and play. It almost happened again today, twice, but I put them back under their mushroom for now. Oh and I forgot to mention, as long as I do not do anything stupid between now and 8pm tonight, I will have been on a daily winning streak for 5 trading days (Market open to Market close)âŚI have had some losing trades, but no losing days. I am not trying to brag, as I am sure I will see draw down, but if feels good after 2 weeks of loosing on a daily basis.
Oh one more thoughtâŚSometimes I feel like I am playing with fire, but I really am starting to think S/L were invented so that brokers could make money.
I am not in to bad shape made half back again. I just need to stick to the plan and I will be fine.
Funny how your brain works. I finally read Trading in the Zone. Got some good stuff out of there.
Dear Sir,
It is with utmost distress that I write you now. It seems, you see, someone has given me the keys to a vault and I canât stop the inflow.
Sorry⌠just havenât said hey in a while and thought Iâd pop by and drop a line. A couple of people much more experienced than I have asked me to invite you to join us in an open conversation some time. You are very respected in that realm and your advice seems to fall out of the sky like giant drops of gold⌠" Damded Geeses"⌠lol
So, hope you are open to this as many would love to âgather pearlsâ you may have to drop. I havenât told them what I have called you in the past, but it shouldnât be that hard to figure out.
Havenât heard anything about a âPound of fleshâ yet, so I assume I still owe, and, as this would be a personal favor to me, (your joining this open conversation), I would be happy to add it to my bill.
Thanks, my regards, and hope you are well.
Good pippn,
Chubs
lets see if i can say it goodly
youve got the AD and the DSS in one panel, and the STOCH and CCI in another, so lets see what we got - - - -
AD breaks DOWN, thru the DSS (which is heading up with only 50% used) which now signals a short, so we look aver to the STOCH/CCI panel and the CCI is dropping and the stochastics hasnt moved much from its up direction also â
the DSS is showing you present trend for that timeframe, and the breakdown is showing a retrace â when the CCI bottoms and heads up again, it will confirm the DSS showing long, so we look UP to see where resistance lies.
can be used on longer or shorter timeframes with no problems, just need faster fingers and eyeballs for the short ones.
mp
That is some good information and really appreciate all the guidance you have given in the past. I know that I have not said it too much, but I feel that your guidance is one of the main contributing factors to my recent and relative success.
To expand on the trading technique used I assume that you would get out of the main trend, play the retrace and re-enter the direction. Also, I would summize that you pick your retrace T/P at the standard S/R including Pivots/Previous day close, Barryâs, for T/P levels on the retrace.
Finally, Other than the LRC/Shi is there anything else that you use to control your entries into the direction? For instance today, I was almost MCâd because I got in at 2:00 with a small long. I had another long open and then the market just crashed with the dow. Would you use any rule of thumb like dont enter a long if the DSS is above 80? Or do you soley use the channels?
BTW, if you are sick of hearing from me, let me know 
AND OF COURSE, cause everyone knows this ------
if the DSS is pointing up on all your normal charts â (1,5,15), its NOT viagra !
it means UP WE GOES and is one of the signals we loves to see !
use your tools for finding exits, but rest assured youve got a GOOD entry !
oh yeah, youll see your retraces on the lower timeframes when the DSS heads south, but if it dont head south on the 5 or 15, youre still in the uptrend
mp
[B]
enjoy and trade well
mp[/B]
wish i could remember everything when i post
if the DSS heads SOUTH and the A/D remains pretty much where it is, it simply means we are taking a simple retrace to get the price lower and to cover some shorts (broker took OPPOSITE position from your long, remember?) and the price will soon go back UP after it hits support, which will be your âbarrysâ, strong MAâs and my horizontal lines if theyre in the neighborhood !
guess the above is DIVERGENCE, on a pretty grand scale
enjoy and trade well
mp
how many of you set your fibs on the H4 and then go and trade the lower timeframes using those marks.
if not, ever think of trying it ?
mp
Dr. Bagel
Not I, but I definitely will give it a try. Seems logical to keep an eye out for the lines on shorter timeframes esp. where they line up with S&R.
gracias!
Late last nite (they were busier earlier creating sum chai duck and the rest of a Thai feast) the mcgâs announced that i should give forth a valentines day present to those who hang on my every word, have changed their vocabulary to include many of my âword ismâsâ and in general follow me around earning a few hundred pips per nite while they sleep (THAT one gift to the assembled multitudes is worth all the tea in china !)
So having been tickled and pillow fought to death, I proudly present a little custom indicator that i spent 4 hours finding for my wee friends.
It âsimplyâ shows the prior days high and low, and the fibs resulting in that wonderful chase across the game of forex, BUT knowing that information is like owning the key to the mcgâs Hummer â when you open the door, only great things are inside !
it wont need much explanation, as lines are pretty self explanatory in this world and the next, so while i had to pay a very high price to a russian oligarth to get it, FOR YOU my friends â its FREE !
oh, another arrow thingie â good for fast swings and decent scalps !
enjoy and trade well
this should help
mp
SpudFibo.zip (1.48 KB)
takbir.zip (804 Bytes)
these ladies can be QUITE a handful some days, and today is one of those days !
weve noticed that the big number THREE on the semaphore can be made to redraw in a moving market â nothing to do about that since all it does is FOLLOW the market, and if the market decides to maintain âhigh anxietyâ at points, the semaphore simply FOLLOWS it !
BUT, have you ever noticed the âinterimâ or what i call âtemporaryâ circles that form in the middle of a trend(the number ONE for instance), like the trend is UP and then all of a sudden (wanna bet it happens at key reversal times like noon or 1:30 ?) a SMALL circle forms and the price heads the OTHER way ?
[B]THESE circles appear to be danged close to deadly accurate for as long as ive been watching them, and sure do make a great entry and exit point for short term position trades or what some might call 20 or more pip âswingsâ
demo it or just watch on your charts, and if youre into that type of trading, they can be a strong âkimmosabeâ in your life ![/B]
Even if you only take 8 pips per move, if you do it all day its starts to look like real money after a while ---- take it all the way to the next dot and it looks like real money VERY QUICKLY !
NOW i shall get back to the pillow fight !
enjoy and trade well
even sweetpips should like this one !
mp
The mcgâs be thanked.
They seem to bring out the best in you. Iâve spent the last couple of hours looking for a overlay to automatically draw
PRIOR DAYS CLOSE
TODAY OPEN
PRIOR DAY HIGH
PRIOR DAY LOW
PIVOT POINT
and low and behold you deliver 2 out of the five with the added bonus of fib retracement levels to boot. Does the Russian Oligarth have an email address, iâd like to send him a valentine.
âŚor any other hoppy type creature you may wish to useâŚ
Wow! What a great thread!
It took me three days, three hours, three showers and three cases of beers to make it all the way through. Loads of great information in this thread!
It seems MP and I use some of the very same techniques decsribed here in this tiny little corner of the universe. Iâll have to agree wholeheartedly about the use of LRCs, I couple those with heiken ashis, zig zag, S&R and I am off to the races. I also use the awesome oscillator as well as a little inidicator aka âwaddahâ for even more confirmation. Thereâs just something visually pleasing about watching histogram bars rise and fall. Toss in the use of fib tools and I tend to see things more clearly - although if you saw the cluttered mess I sometimes call a chart in fonot of me you might wholeheartedly disagree.
MP, I love the SHI channel and have added it the mix and it just compounds with everything else so nicely. Eh - Iâm an indicator ***** anyway.
Thanks for sharing and imparting your knowledge and humor MP!
I am looking forward to reading moreâŚ
ive long given up posting one of my real charts, cause between everything on them, no one could conceive of what was happening.
so i always remove about 90% of the âstuffâ which has calmed the troops, unconfused the confused and generally allowed âmostâ to understand"
i cant disagree with what indicators you like, since âwhat works, works !â but im not a histo freak unless i cant possibly get the indicator any other way â me, im a âsquiggly lineâ person, although the DSS is one of those SMOOTH lounge lizard type of indicators that seems to work and doesnt resemble a python that just ate 43 mice, what with bumps and lumps !
good to see another âindicator geekâ around, not to forget âoverlaysâ and stuff â i like em !
mp
MP, your spirit of giving is monumentalâŚI have an AutoPivot and the previous/current day data, but did not have an autofibâŚto be honest I dont use fibs too much but if I can get them autodrawn and you recommend them, then it may be something to play with. Let me see if I can combine your with the pivot points indicator to make one huge âstatic s/râ indicator.
There is a lot of information in the past few posts, and I definitely looking forward to Monday (well Monday is a holiday so Tuesday) to dissect them. I am trying to move on to the next step, which for me will be the overnight trades. I feel pretty comfortable using your stuff with the 15m scalps as lately it has been good for about 50-100 pips per day.
The problem I have with these are that you have to be constantly looking at the charts, which is fine when you dont have a day job, but I do. I am interested in getting my longer term time frames down which I use to have confidence in , but I started anew a few weeks ago so everything was back to the drawing board.
Iâll be honest i have not payed that much attention to the #1 and #2 dots in real time.
Do they not redraw like the #3 does?
anything i say is completely transferable to ANY timeframe, and i use the same information for MY overnite trades. One can get as complex as they like with this information, but most of it is still very simple.
for proof, Ive given out two overnite trades â one on my standard EU which came to fruition as stated and another on GU (i think), which is a currency i dont often trade â chubbs should be able to tell you how i did on a DOUBLE move overnite, where it went up to resistance and then fell to support, all while we slept.
not bragging, but simply showing that what works on the 5 minute can work on the H4 also because its ALL the same stuff, just one takes a lot longer !
INVARIABLY, the H1 or H4 will set a trend in the morning, BUT IT WILL REVERSE comes noon time and return to either whence it came to form a âdoubleâ (top or bottom) or retrace to âalmostâ that point. Later that day, and midnite is always a good time, it REVERSES its direction and CONTINUES its morning trend, which is a great time to set your trade and tp points, finish your single malt and head for sleepy time !
NOW, with that information stored in your database, you could easily set your trade in the AM with a tp somewhere near the midpoint of the LRC and hopefully take profit by the time you come home ---- later that day, you simply retake your original trade (or held it during the day, going thru the drawdown BUT NOT being stopped out) and continue on as stated.
Not always just so simple, but certainly not a very complex issue either !
WAKE UP the next morning and BRUSH YOUR TEETH WELL, because you should be smiling ALL day long !
Do that well for a year or two and you can LOUDLY state âtake this job and remove it from my exhalted presence !â (thought i was gonna say âshove itâ i bet, but this is a family channel so i cant !)
there is work involved along the way, but so little grants you so much that i brush my teeth 3X EVERY hour !!!
LOL
enjoy and trade well
mp
