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- Nut replied Sep 18, 2018
Thinking about it perhaps paper charts may well be a good place to start trading.
- Nut replied Sep 18, 2018
I began trading when the only way to gain an insight too trading was via books. The internet had not been invented at that time. My first book was Murphys Technical Analysis of the Futures Market. It gives a great overall view of technical analysis ...
- Nut replied Aug 30, 2018
OK, some fibs. the chart is a 30sec chart of AUDUSD today's price action. Please understand I shall not be explaining my unconventional method of using fibs again. A whole thread is devoted to this topic. Please read it and experiment. url I chose ...
- Nut replied Aug 30, 2018
A good question as a general rule I start with the weekly and work down the time frames. I guess like most people do. Though recently I have begun to question myself as to this approach, the price is price irrespective of time. A longer time frame ...
- Nut replied Aug 30, 2018
Glad you were able to amuse yourself, nobody is forcing you to even read the thread let alone use anything from the thread. Your cynicism about giving back I find mildly offensive but it takes all sorts to make a world.
- Nut replied Aug 30, 2018
Then pls enlighten everybody with your definition
- Nut replied Aug 29, 2018
Then it is already in the thread Regards Nut
- Nut replied Aug 29, 2018
Thank you
- Nut replied Aug 29, 2018
I simply don,t use a plan. It is not possible for me to know what a market will do in the future, indeed where will life itself take me. To have aspiration is terrific and plans can be built around aspiration but is the aspiration itself realistic. ...
- Nut replied Aug 29, 2018
Basically, I agree but I visualize it in terms of what the big dogs are doing particularly in forex and futures markets. If markets are going up the big boys are taking shorts onboard and vice versa. Therefore they must square their books in the ...
- Nut replied Aug 28, 2018
The lines are the highest/lowest swing in a given time period and can act as either support or resistance. For a 60min chart I like to know where the daily trend is sitting so I use 60 min * 24bars. If I use a 1min then I use 1min * 60, however I ...
- Nut replied Aug 28, 2018
My trading plan has always been very simple, don't get involved with trading plans focus on trading. My money management is equally simple, use say 1% of the account and don't change it. When the account has grown sufficiently use 1% of your ...
- Nut replied Aug 28, 2018
Hi there Perhaps the attachment may help this was the method employed by Wykcoff though he mainly used point and figure charts it works just as well with candles. At a bottom, he called this price action a spring and at a top an upthrust. These are ...
- Nut replied Aug 28, 2018
Thanks for the reply and for the time and effort you put into it. I agree with much of what you say but this thread is an attempt to help those just starting out or those who like myself posses limited mathematical/statistical knowledge they may, ...
- Nut replied Aug 28, 2018
Thanks for the reply and for the time and effort you put into it. I agree with much of what you say but this thread is an attempt to help those just starting out or those who like myself posess limited mathematical/statistical knowledge they may, ...
- Nut replied Aug 28, 2018
Hi Guys if you want granularity at potential turning points fine you can use 1min better still one tick. Personally, I would trade neither 1min or 1 tick without a longer-term view. Why not give it a try and post your findings for the benefit of ...
- Nut replied Aug 28, 2018
If only it were always easy. We get a sign of weakness at point A, so we expect a pullback that may give a short signal it is easy to get sucked into shorting the market. Yet the market explodes to the upside taking out B. Why? well if we take a ...
- Nut replied Aug 25, 2018
Ok so lets say we are trading the 60 min chart and wish to know where we are with respect to the weekly trend at any given time. I use a swing indicator on the 60 m chart set up so as to measure the weekly trend The weekly swing indicator is set to ...
- Nut replied Aug 25, 2018
With regard to the price action of individual bars, you need to pay attention for inside/outside bars, pin bars, hammers etc. I do not intend to describe all of these as plenty of information exists online. The main point is not to chase the market ...
- Nut replied Aug 25, 2018
Now for a downtrend which is just the opposite of an uptrend and once again you need to be selling the pullbacks into the previous trend. Important Note how at Down trend low 1(DBL=Downtrend low) the CLOSE is a new closing low in the uptrend and ...