Thanks Islander. I never really considered the importance of the 1 min. But as you say, when you consider the breach of a strong 1 min h's an l's it places what you see on the 5 min (which resulted in an inside bar + as per your example), in greater ...

Psych Levels, Pivots, and Trendlines - Resurrected

Islander, what would you say your criteria of importance is when analysing the charts. Here's a guess (putting it very simply): 1. The trend - High lows low highs etc 2. Levels - price breaking through or rejected 3. Candle analysis: strengh of ...

Psych Levels, Pivots, and Trendlines - Resurrected

Islander have losing days!! Don't believe you !

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks very much.

Drummond PLdot

agreed. I am new to this thread but use a very similar method and the principles are the same. The off topic issues and ego lovers clutter this thread as they do on many threads. Perhaps a new private forum could be set up elsewhere with tighter ...

The System II (Yes with irony)

Yes absolutely I agree. I do not believe that the market is Random rather complex and seemingly chaotic. There are patterns and ways to exploit those patterns. I have emphasised I hope, that there is a mindset that is required to deal with this ...

Greenspan and Currencies - Delusional?

great stuff, your answer sums up much of what Pipmut and I have been spitting out. The realisation that you cannot predict. How do you think it has changed your trading mindset? Presumably you have put emphasis on your money management this time ...

Greenspan and Currencies - Delusional?

so it boils down to money management and knowing the ability of your system. Most traders will shit their pants at a 10% draw down then hop on another system and do the same thing again and not really understand why any of it happened. You can't ...

Greenspan and Currencies - Delusional?

I think the problem with your argument is that you use the word 'consistency' to refer to wins. If you consider the consistent losses, then to be profitable overall you will understand that one has to use Money Management, that allows for the ...

Greenspan and Currencies - Delusional?

I am putting consistency in the context of people's experiences and expectations. I was suggesting that profitability is about the % gains of your trading account and less about consistency. Of course most people need consistent wins to be able live ...

Greenspan and Currencies - Delusional?

subscribing

The video store

Just checked out your threads. So you pulled the plug on Forex last year and you mentioned you were successful in the e-mini. I am interested to know why you switched to forex and whether you are still trading the e-mini and how its going?

Greenspan and Currencies - Delusional?

Ok, well i'd say most traders are looking for consistency and when there is talk of consistency people are thinking regular winners and maybe losers. Traders should be thinking in terms of consistently following their rules, consistent execution of ...

Greenspan and Currencies - Delusional?

Are you being a sour looser? — So the market is random? Here we go again....doh! We are Delusional? Unfortunately most are because they are not using proper Money management, rely on lagging indicators and are totally undisciplined. You are ...

Greenspan and Currencies - Delusional?

The Best of.. — Housetrader, love the signature lol: "Arguing on the internet is like competing in the special olympics. Even if you win, you're still retarded..." Maybe that would be a good thread..who are the great argumentalists on FF and ...

Forex Factory Hall Of Fame

Previous price action demand/sell levels will give you clues as to the strength of an area when price returns. If there was a strong down move from a supply area then when price returns it is likely to be a high probability trade for a sell. If the ...

(binned per thread starter's request) Behind Price-Orderflow

This is a great post. Good old common sense approach, supply and demand in plain english.

(binned per thread starter's request) Behind Price-Orderflow

Nicely said, keep it simple. It doesn't take too much brain power though. Don't think too much. And I agree with bleek's comment, indicators can work for you if you have the basics and know how to use those indi's in line with true supply/demand. ...

(binned per thread starter's request) Behind Price-Orderflow

What chart package do you have there JT?

Hedge and Correlation Strategy

I like what you are thinking here Scotty. Would it also allow those buyers to HIDE their liquidation of buys within those liquidity pools to then reverse their position. Interesting thought. (Beam me up scotty!! )

(binned per thread starter's request) Behind Price-Orderflow