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the redlion replied Aug 29, 2011i will definitely read over your thread and see how i can find patterns useful. but what is the rationale for looking for patterns? what are you looking for in a pattern? what does a pattern tell you about the market?
EUR/USD patterns
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the redlion replied Aug 29, 2011as far as the formations, simple or compound, i look for clues on the exhaustion/distribution/consolidation of a move, as well as testing and retesting of lower or higher price levels. in essence the left side of the chart has a lot of information ...
EUR/USD patterns
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the redlion replied Aug 29, 2011here is my take on candles sticks and the information i obtain from them i believe that time frames are actually a fabrication of our analytic tools, when the euro hits 1.4500 that will be the quote, time frame is irrelevant as it will be 1.4500 in ...
EUR/USD patterns
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the redlion replied Aug 29, 2011pattern recognition is not my forte, so i believe you can be a great source of information. my style of trading is rooted on fundamental analysis and technical analysis, with the philosophy that price can be measured and risks can be minimized but ...
EUR/USD patterns
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the redlion replied Aug 29, 2011you are right an open mind is key to learning so i will learn from you prove to me that price or price levels can successfully be PREDICTED, unless you know the future my opinion is you cant do it. i believe that estimating the general direction, ...
Good forex trading teacher
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the redlion replied Aug 28, 2011here is MY take on candle sticks. they have no predicting quality in and of themselves, just like any other indicator, and T.A analysis tool, its job should be to observe and measure the market not predict the next candle. they are a good visual ...
Candlestick Education
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the redlion replied Aug 28, 2011hi mr ha pattern i would like to chat with you sometime and share our ideas on the market.
EUR/USD patterns
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the redlion replied Aug 28, 2011there is no better teacher than the markets. however sometimes we need some one to help us use the information in a more efficient manner. even experienced traders f8ck up, because contraire to popular belief, there really is NO SYSTEM that can give ...
Good forex trading teacher
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the redlion replied Aug 27, 2011I'll show you what i mean as i see you are visual, as you see we are in a ranging market. the market never changes either is bullish, bearish, ranging. THAT IS IT. you see we look at historical data to attempt to profit from UNKNOWN incoming data, ...
The Essence of Trading
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the redlion replied Aug 27, 2011hey GEFX thanks for the wishes, yeah its a nice Saturday Had a lot of fun, thanks, well i see people dropping tit bits of knowledge but are very, cryptic at times. i did not mean to go off topic but i wanted to actually put things clearly on how to ...
The Essence of Trading
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the redlion replied Aug 27, 2011how do you know the RED LION is full of sh*t test it out. here is a simple experiment and if you lose money dont come crying to me. open up your lap top and look at current events, the NYSE, EUROPE, ASIA stock markets, look at the six majors ...
The Essence of Trading
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the redlion replied Aug 27, 2011now lets talk about the speed derivatives speed, as you said the average speed of price movement as a constant, thrust: measures the force in the acceleration momentum: the momentum in price movement which will usually stall and decelerate at which ...
The Essence of Trading
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the redlion replied Aug 27, 2011i think you are right on your interpretation, and that is the simple edge in my trading. price conviction or general direction on chart, as money flows in and out the market a foot print is left behind (of historical data, with not predicting ...
The Essence of Trading
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the redlion replied Aug 26, 2011crusial point it is the momentum, speed, and thrust of price that determines the buy/sell pressure orders are reflected in the chart buy selling or buying pressure, the open of a given TF is the reference point of where orders ended up or down and ...
The Essence of Trading
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the redlion replied Aug 26, 2011most traders fade break outs. its the conviction, thrust and momentum that determines a false or real break outs
The Essence of Trading
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the redlion replied Aug 26, 2011frothy has a good idea here in the option markets we have strike price type of option (put/call..and other variables) delta- movement sensitivity of underlying vega- volaitility theta- time decay. non predicting trading has to compose of : ...
Strategies that don't predict future price
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the redlion replied Aug 24, 2011i see. you have a point, but it is truly impossible to not predict because either you buy or you sell. so a bias has to exist
Strategies that don't predict future price
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the redlion replied Aug 24, 2011i like this thread because it is closer to the truth than most threads, predicting price gets you screwed, but there is always a prediction aspect to it, or a bias according to observations. so predict with out predicting, a strategy that focuses on ...
Strategies that don't predict future price
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the redlion replied Aug 16, 2011to add to the discussion. time does not exist in the market, BUY and SELL orders do. forex is binary, and the only reason why we USE TIME FRAMES, is purely as a form of analysis. i dont understand when people talk about higher time frames being more ...
The Logic Behind the Pitchfork
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the redlion replied Aug 16, 2011crusial point, you have no idea how much your methods have helped my trading you and fti are the best information i have ever read. the shift in dimension and the predicable unpredictability of forex come from the fact that the price is moved by ...
The Logic Behind the Pitchfork