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The Great Pumpkin

Even that should work imho. The problem here I guess is that there will be a lot of fake signals, particularly when market enters congestion. I’d suggest a trick (I haven’t tested it, but at least it makes sense): apply the same repainting indicator ...

How to properly use indicators

I relied on s/r lines for quite some time now, but have always been nervous about it. It requires continuous monitoring of the charts. I think I may have found the time element that I was looking for, allowing me to make educated guesses when the ...

The Great Pumpkin

What I’d do: First note that this chart, like any chart conforms to overall “price movement rules”. Second, I’d consider toning the chart down, for example just using single-colored single-tf bars, or the moving averages as before. I found it useful ...

How to properly use indicators

Different people just “see” different things. I guess when we are faced with something big and silent - the market, people need a metaphor of some sort to be able to deal with it. The classic one is bulls vs. bears. One person’s metaphor of the ...

How to properly use indicators

I have used this idea to enter and remain in trades as long as there is no chance for reversal. In other words, the price slingshot would appear (ideally along dominant higher tf trend) and price would go in the expected direction. Then one enters ...

How to properly use indicators

Price decided to go down there, and has triggered the s/l for a small overall loss. Will be interesting to see whether this creates a larger-scale similar pattern tomorrow. k

The Great Pumpkin

The guest was in the mood for red wine, I kept the position open. Now the neck is showing up. Time for a burst upwards (champagne) and then reversal pattern (desert of the dinner). k image

The Great Pumpkin

Added a bit more on the red wine part of the pattern (second pullback). Will exit soon. image

The Great Pumpkin

The same pattern occurs on the weekly tf. image

The Great Pumpkin

Added a trade in the white wine phase (first pullback): k image

The Great Pumpkin

A countertrend trade in oil today inspired by this pattern. image

The Great Pumpkin

An interesting metaphor, from the booklet The Egg of Columbus of G. Bayer (PDF easily found on the net). He postulates a standard pattern of growth and decay of stocks and commodities. He (with some humour) compares it to the course of the dinner ...

The Great Pumpkin

Actually, for the purpose of predicting the 1987 crash his firm constructed a technical model that essentially comes from W.D. Gann’s cookbook - looking at the 60-year cycle. They calculated correlations between the 1920s stock market data and the ...

Proof That Forex is Random video

It is probably miraculous that those pending orders find themselves in the area most stops are. k

Proof That Forex is Random video

In line with the subject of the thread, it may be interesting to watch the documentary “Trader” about Paul Tudor Jones and an interesting way his firm anticipated the 1987 stock market crash. url Cheers, k

Proof That Forex is Random video

Agreed. (below is an excerpt from an interview with Paul Tudor Jones in Market Wizards by Jack Schwager) k

Proof That Forex is Random video

With all due respect, you are being duplicitous. Stop hunts are a fact on any daily chart (and are usual behavior at the London open in particular). This is free money, of course. One can debate whether a market maker is able to solely hunt stops, ...

Proof That Forex is Random video

The point of psar is “stop and reverse”, do I guess one should enter with a buy stop at the PSAR value (giving more than 1/2 of the price range in the example above). The overall strategy could imho be improved in two ways: 1) taking only buy trades ...

Parabolic SAR Is Simple to Use & Quite Reliable

It would be interesting to compare this indicator with any other unbounded oscillator using the same period (250 on M1 chart, afaics): from my experience I would expect similar behaviour and comparable “signals”. Cheers and speeedy recovery to the ...

New free indicator for losers in forex