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  • #261
  • Sep 1, 2010 5:05am Sep 1, 2010 5:05am
Quoting xman
@Bleek

What a kind of 5 min chart you are looking? Candle, line?
Can you express yours self what kind of momentum you are looking for, please?
rgds
Simple bar chart with open and close, all in one colour.

Describe momentum, that is a tough one, it's a mental gauge of the market at any given moment.

Think of the market 'shape' as an endurance event, there are peaks and troughs of excitement but when the energy levels drop the price collects itself and gathers energy for the next move. Don't try and plot or plan a future move based on previous patterns, look at how price is building or falling over a period of time and it how it reacted previously.

You don't need a solid straight line through a chart to identify any form of support, price will congest in a range, price will float in a zone. Of course draw lines if it helps but I'd suggest large and round numbers only for a start, observe the interaction between these ranges. A pretty basic concept but many fail to master.
"I made all my money by selling too soon"
  • #262
  • Sep 1, 2010 5:09am Sep 1, 2010 5:09am
Quoting glynnt
@ xman....he's already said somewhere he looks at bars, plain all one colour. He's also talked about momentum and consolidation though its never been clear if thats the 5m consolidation at 8AM or something in his journal.



Maybe so Esuffw and on the whole I probably agree.

Perhaps, what is less clear and maybe more important is the information held in the journal, some...
Ignore the journal for now, it's not crucial.

My trading style even over such a short period of time is still evolving and becoming more accurate, whereas before I'd look to trade a few times a day now I'm able to take a trade a day at the very most, sometimes once a week is more than sufficient. With the right leverage even 15 pips can satisfy my needs for an entire week now.

I've seen my accuracy slowly creep up from around the late 60% mark to nearly 80%, I'd be surprised if I could crack anywhere close to 90% in the long run but even so I'd be happy with an annual accuracy of ~70% because on my twice the reward to risk ratio that's ample profit power.
"I made all my money by selling too soon"
  • #263
  • Edited 12:35pm Sep 1, 2010 8:17am | Edited 12:35pm
Thanks for posting Bleek, I always look forward to it. I have in fact been studying microstructure and order flow for nearly half a year now, I've read books and lots of academic papers so I feel I have a rather decent understanding from that perspective, but then translating that to actual trading is a bit more difficult... then again if it were easy everyone would be doing it.

BTW any more actual trade examples are always welcome, whether wins or losses.
  • #264
  • Sep 2, 2010 4:13am Sep 2, 2010 4:13am
Bleek, re. exhaustion, are you considering value and demand/supply imbalance in your approach?

Cheers..
  • #265
  • Sep 2, 2010 5:56am Sep 2, 2010 5:56am
Quoting Bleek
It may not be the textbook definition of price exhaustion but yes I'm looking for order flow in the numbers and the chart and hence my approach with S/R may seem counter intuitive where most would call it support I'd actually call it resistance. I no longer consider the market bearish or bullish, in fact you can practically ignore any trend on the lower timeframes, again many will disagree with me here.

If you've read in to order flow you'll be able to decipher my idea behind exhaustion, people may term it differently but in simple terms...

How, looking at volume, can you try explain this little bit , please?
  • #266
  • Sep 2, 2010 9:46am Sep 2, 2010 9:46am
Quoting Bleek
Thank you.

I've actually been requested not to publish anything by quite a few people now, I'm also getting a lot of private messages which I simply, at present, don't have time to answer - so apologies on that front.

I'm just glad I can be some form of inspiration to you, that's very humbling.

How do you access order flow?

Incidentally, I really do not understand why people would ask you not to publish anything. Do you see why they ask?

Regards,
  • #267
  • Sep 2, 2010 12:45pm Sep 2, 2010 12:45pm
Quoting 4Xfactor
How do you access order flow?

Incidentally, I really do not understand why people would ask you not to publish anything. Do you see why they ask?

Regards,
Hi,

And there's one more question, if you'd be so kind:

Can you implement this strategy purely based on 5 minute charts, or does it rely on some other external information e.g. order flow?

Sorry to be so pedantic...

Thanks
  • #268
  • Sep 3, 2010 4:03am Sep 3, 2010 4:03am
Quoting 4Xfactor
How do you access order flow?

Incidentally, I really do not understand why people would ask you not to publish anything. Do you see why they ask?

Regards,
A fleeting visit, quick reply.

By order flow I mean my interpretation of the price movement, expectation and market mechanics. I've read a few papers and books on the 'market' and ditched any specific forex trading literature a long time ago.

To be honest the few that have asked I won't name on here, one member is long standing but doesn't appear to post too often and I guess wants to protect any edges. I can understand their stance.

The reality is creating a clear set of *rules for what I do just isn't simple, this 'game' is most definitely down to feel in the longer term, experience is king but all I can say for now is avoid complicating matters by over analysing!

*that's not to say I don't trade to a set of rules but they govern my expectations and not my method i.e. I placed a trade over night that risked a mere 11 pips on cable to make 38 pips, a Limit order too. Such a tight stop in such a volatile market to some would be risky but for me it works because on face value it appears my entries are pretty accurate. Yesterday I lost 1 trade (11pips) and won 2 (68 pips). The loser actually worked later on so I took it.
"I made all my money by selling too soon"
  • #269
  • Sep 3, 2010 4:10am Sep 3, 2010 4:10am
You method is sell a book or a system and make their money by selling

I analyzed his ordnes one by one and in many cases according to the time reflected not defined exactly what you said to do.

why you are unable to publish any of their graphics

and to demonstrate my research work if I have the balls to their graphics and rechargeable

in making one that you post Halgan todabia has not happened and give it as positive 33 pips.

the second takes the opening of London and the event which took place not even resemble what you say

so you do not have the layers of their graphics to show your actions together with the orders

although earlier he had hit the mark but if each of susu orders are discussed in the hour of his publecacion wake up from sleep and the sale of his famous book breaks down.Escuchar
Leer fonéticamente


Mr bleek thanks for telling me what your strategy ( Seel a book )

I am a man of 38 years with square balls to apologize when I'm wrong

when I see a graph of yours where explain in detail without buying anything and really shows what it is I apologize

While that does not exist I invite you to find sites eBay or Amazon to sell your own book.

And no FF that is supposed to be a free site
  • #270
  • Sep 3, 2010 4:12am Sep 3, 2010 4:12am
You Metodh
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  • #271
  • Sep 3, 2010 4:38am Sep 3, 2010 4:38am
Quoting Acer
You method is sell a book or a system and make their money by selling
I don't think a book with a single page would sell particularly well.

Quote
I analyzed his ordnes one by one and in many cases according to the time reflected not defined exactly what you said to do.

why you are unable to publish any of their graphics

and to demonstrate my research work if I have the balls to their graphics and rechargeable

in making one that you post Halgan todabia has not happened and give it as positive 33 pips.

the second takes the opening of London and the event which took place not even resemble what you say

so you do not have the layers of their graphics to show your actions together with the...
It's clear your native tongue isn't English and therefore you'll have to forgive any misinterpretation of your post, but on the whole it's all rather arrogant.

I'm not here to sell anything, I comfortably make more in a week than most people do in a year, the market pays my wage (most of it).

I'm also not arrogant enough, nor do I care, to post up my statement details to disprove any naysayers and in reality it's all too easy to doctor such an image anyway so I consider it pointless. I didn't start this journal to inflate my ego, I didn't start it with the intention of posting up a full blown account of my method, this is a personal journey and nothing more. I am however happy to answer along the way any questions people may have and whilst I do dance around the subject I do it because I want people to learn and see for themselves what I see, why should I hand down my hard work on a silver platter?

I've copied no-one, where will you ever see the following rules in any book, journal or strategy:

- ignore trends, don't even plot them
- ignore S/R in the typical sense of the word
- ignore news and fundamentals
- ignore every single indicator
- trade numbers and not charts
- incredibly tight (risky) stops

Show me another trader on this forum that does that, show me a book that adopts that tactic because I'm not aware of it?

I also don't see anything revolutionary from your past postings, in fact your own journal is all rather dry and simplistic so why come in to mine and defile my work?

If you don't believe me, I have no issue with that. If you distrust my postings then, and so long as I have a right to reply, I have no issue with that either.

In reply to the images you've posted, I don't have time to look back right now but if there is a discrepancy it's more than likely a typo on my part. I have no need to defraud anyone as it would be all too easy for people to disprove my work if I did!
"I made all my money by selling too soon"
  • #272
  • Sep 3, 2010 7:13am Sep 3, 2010 7:13am
Quoting Bleek
A fleeting visit, quick reply.

By order flow I mean my interpretation of the price movement, expectation and market mechanics. I've read a few papers and books on the 'market' and ditched any specific forex trading literature a long time ago.

To be honest the few that have asked I won't name on here, one member is long standing but doesn't appear to post too often and I guess wants to protect any edges. I can understand their stance.

The reality is creating a clear set of *rules for what I do just isn't simple, this 'game' is most definitely...
Hi,

With respect to protecting edges: I really don't get it.

There are many members on here who outline in great detail their strategies (Medici, BRV, Islander to name a few of the top of my head) - and some, such as BRV, are very large fund managers, and yet others cannot implement what they do successfully. It seems to me that you can have all the edges in the world, but if you do not have the other components in place e.g. psychology, day-to-day market experience etc then the edge is useless. And even when the other components are in place ... it is still not that easy.

Anyway, just my Tuppence worth on that point

So with respect to your strategy I will assume that all that is needed can be gleaned from the 5 chart and that nothing else is required?

I have analysed many of your trades and sometimes I think I can see, and yet there are still a few cases which baffle me.

I wonder ... If I were to post up charts of such trades, I have two in mind at the moment, would you be so kind as to shed more light on them.

I think one of the issues I have (and maybe others have) with your presentation is the apparent contradiction between several of your posts. For example, on the one hand you seem to imply that what you do is very simple i.e. from #204 where you say:

"Why do people try and make these things overly complex when simplicity is staring you right in the face?"

And yet you also say above that:

"The reality is creating a clear set of *rules for what I do just isn't simple, this 'game' is most definitely down to feel in the longer term, experience is king but all I can say for now is avoid complicating matters by over analysing!"

So one the one hand it is simple - staring you in the face, yet on the other it isn't.

It seems to be that there is an intuitive almost intangible element to your style, which cannot be pinned down? And this is what some might refer to as an additional layer of complexity, in that it defies definition (be it through rigorous rules ) of any kind ... And therefore, if that really is the case then I wonder how much of that skill can be transferred?

Anyway, I highlight these points respectfully because I am really interested in understanding more of what you do.

Kind regards,
  • #273
  • Sep 3, 2010 7:13am Sep 3, 2010 7:13am
Quoting Acer
I am a man of 38 years with square balls to apologize when I'm wrong
Acer, may be time to file off a few edges from those square balls....I think your timezone is way way out. Here's the image of what I would have seen at 8.47AM when Bleek posted. I'm in the UK and this chart is one hour ahead.

I know what you mean though.... this is all very frustrating though I think the most important thing that Bleek has said recently is that his journal of past areas of interest is not that important. Concentrate on the numbers!
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  • #274
  • Sep 3, 2010 7:43am Sep 3, 2010 7:43am
I think everyone should bear in mind that this is a journal, not a trading system thread where you can expect the author to explain his method.
  • #275
  • Sep 3, 2010 7:43am Sep 3, 2010 7:43am
Quoting 4Xfactor
I think one of the issues I have (and maybe others have) with your presentation is the apparent contradiction between several of your posts. For example, on the one hand you seem to imply that what you do is very simple i.e. from #204 where you say:

"Why do people try and make these things overly complex when simplicity is staring you right in the face?"

And yet you also say above that:

[color=RoyalBlue]"The reality is creating a clear set of *rules for what I do just isn't simple, this 'game' is most...
Sorry in my haste I didn't vet my post, what I meant to say was there is no clear set of simple rules that explain what goes on in my head, I asterisked (*) that comment to then prescribe why my trading is on paper a simple process i.e. I ignore 90% of what other trades try to analyse.

There's a difference and in my haste I didn't make the distinction.
"I made all my money by selling too soon"
  • #276
  • Sep 3, 2010 7:47am Sep 3, 2010 7:47am
Quoting 4Xfactor
So with respect to your strategy I will assume that all that is needed can be gleaned from the 5 chart and that nothing else is required?
For me, all that is required is a 5m naked chart, I personally see no reason for anything else. I don't even look at other time frames.

Quote
I wonder ... If I were to post up charts of such trades, I have two in mind at the moment, would you be so kind as to shed more light on them.

I'm taking liberties in responding today because I should be preparing some work for my business, I wanted to reply to Acer because I felt he was making assumptions that needed to be defended.

I'm happy for you and others to post up charts with questions, and even discuss amongst yourselves, but in reality for the short-term at least, my time will be limited.
"I made all my money by selling too soon"
  • #277
  • Sep 3, 2010 7:58am Sep 3, 2010 7:58am
Quoting Bleek
For me, all that is required is a 5m naked chart, I personally see no reason for anything else. I don't even look at other time frames.



I'm taking liberties in responding today because I should be preparing some work for my business, I wanted to reply to Acer because I felt he was making assumptions that needed to be defended.

I'm happy for you and others to post up charts with questions, and even discuss amongst yourselves, but in reality for the short-term at least, my time will be limited.
Thanks very much for your time and recent replies today!

I'll let you rest for the rest of today and this weekend .

I will hopefully post my charts and questions some time next week, and look forward to any further information when you have time...

Kind regards,
  • #278
  • Sep 3, 2010 8:45am Sep 3, 2010 8:45am
Bleek

Can you continue with yours jurnals and writte a trade on the board, please!?

rgds
  • #279
  • Sep 13, 2010 2:37pm Sep 13, 2010 2:37pm
Quoting Bleek
Ignore the journal for now, it's not crucial.
Not sure what you mean by this, but can we view your older trades in the journal from the "framework" of price exhaustion, momentum, etc., or are they based more on something else and so would not necessarily make sense from that perspective?
  • #280
  • Sep 14, 2010 1:52am Sep 14, 2010 1:52am
Forget a response from Mr. Bleek
Everyone knows that there is no secret strategies
Everyone knows that this market is dominated by Big banks and institutions
Everyone knows that whoever dominates the discipline can be successful

Mr. Wood Ken Wood [Woodie] can describe your estartegy FREE

(HERE) http://www.woodiescciclub.com/start.htm

but Mr, bleek is unable to show anything Because He does not know or not have time....

Who can come here and say that works wonders but does not know and say they do not have time to upload a graphic

Have time to party of making a replica but do not have time to prove anything

Its suspense is worse than Harry Potter


I apologize for my English is bad but the excuses Mr. Bleek are worse
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