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  • #741
  • Oct 31, 2012 1:37pm Oct 31, 2012 1:37pm
I hope you exit in time ;-)
I was stopped out ;-(

Ciao
Fabio

Quoting JR97
Current batch. 30 min.

http://content.screencast.com/users/...2012-10-31.gif
  • #742
  • Oct 31, 2012 1:40pm Oct 31, 2012 1:40pm
Yeah. I had a trailing stop that triggered. I had a feeling that point 5 was the high since it was the 1x1 line and the end of square for a perfect squaring.
  • #743
  • Oct 31, 2012 2:37pm Oct 31, 2012 2:37pm
Bravo JR !

But please let me ask you something: normally at end of squaring , like in your example ,the price should go up to break the square isn'it?

Ciao
Fabio

Quoting JR97
Yeah. I had a trailing stop that triggered. I had a feeling that point 5 was the high since it was the 1x1 line and the end of square for a perfect squaring.
  • #744
  • Oct 31, 2012 2:50pm Oct 31, 2012 2:50pm
JR
I am a real fan of your method and I was wondering where do you describe the counting system for the bars that you are using.

Thanks in advance.
  • #745
  • Oct 31, 2012 3:32pm Oct 31, 2012 3:32pm
Quoting Kambooj
JR
I am a real fan of your method and I was wondering where do you describe the counting system for the bars that you are using.

Thanks in advance.
That's just me labeling the swings for my own notes/reference.
  • #746
  • Oct 31, 2012 3:34pm Oct 31, 2012 3:34pm
Quoting Fabio69
Bravo JR !

But please let me ask you something: normally at end of squaring , like in your example ,the price should go up to break the square isn'it?

Ciao
Fabio
Not necessarily. Especially if price runs into the 1x1 line like that.
  • #747
  • Oct 31, 2012 10:21pm Oct 31, 2012 10:21pm
I get asked a lot in emails, pms, and posts in this thread what books to buy/beg/borrow/steal. Where to start, how to start, blah blah blah. If you can trade it doesn't matter what you try, buy, or research. Because in the end you'd probably be able trade any method. If you're not profitable at trading then stop looking for the magic method that will make you a profitable trader. Only YOU can make you a profitable trader. If you can't make money trading nothing but trend lines and the most basic chart patterns you won't make money doing what I do. In fact, if anything, you'd probably accelerate your losing curve. Here's a good post I saw in another forum:

Quote
Rules for buying anything related to
trading:

If you can't afford it easily, don't
buy it.

If you are augmenting your existing
successful trading system, consider it.

If you do not have a successful method
of trading, don't buy it.

If you do not have a typewritten system
of trading rules, don't buy it.

If you do not stick to your rules,
something deeper is stirring your pot, don't buy it.

If you don't know your expectancy,
don't buy it.

If you don't know the time periods in
which you trade well or poorly, don't buy it....
  • #748
  • Nov 1, 2012 10:09am Nov 1, 2012 10:09am
Short eur/usd on vert time line.

http://content.screencast.com/users/...2012-11-01.gif
  • #749
  • Nov 1, 2012 9:06pm Nov 1, 2012 9:06pm
Same square advanced to the end of the range. NFP tomorrow. Not sure how much more movement there will be until then.

http://content.screencast.com/users/...2012-11-01.gif
  • #750
  • Nov 2, 2012 2:11am Nov 2, 2012 2:11am
Hi JR97

i've been following your thread for a while,

and it works like a charm, although i'm not sure if i'm applied it right. LOL
And i'm more comfortable with 4x4 square

i still confuse about the area in blue dot.

usually i'll be waiting in the blue square for entry.
but it's an opportunity to entry in blue dot and the target is my square
will try it for sure

but i would like to know what will you do in the blue dot area?

really appreciate it

http://img13.imageshack.us/img13/8674/eu021120setup.gif

Thanks in advance

Hyota
  • #751
  • Nov 2, 2012 2:28am Nov 2, 2012 2:28am
4H square. You can see where I shorted on a vertical time line. I've now exited and gone long on a vertical time line but also strong support. Tight stop since NFP is manana.

http://content.screencast.com/users/...2012-11-02.gif
  • #752
  • Nov 2, 2012 2:32am Nov 2, 2012 2:32am
Quoting Hyota
Hi JR97

i've been following your thread for a while,

and it works like a charm, although i'm not sure if i'm applied it right. LOL
And i'm more comfortable with 4x4 square

i still confuse about the area in blue dot.

usually i'll be waiting in the blue square for entry.
but it's an opportunity to entry in blue dot and the target is my square
will try it for sure

but i would like to know what will you do in the blue dot area?

really appreciate it
Thanks in advance

Hyota
The rule of thumb is "when price and time meet, change is inevitable". So you're looking at a time line where you've got some intersecting angle lines but also strong support if you draw a trend line along the bottom there. Price and time are meeting. If you're short, I'd be looking to get out with either a trailing stop or maybe just exit altogether. If you're not short, I'd be placing some buy stop orders to see if price comes up from support.

Remember.. just because you're using fancy geometry doesn't mean standard rules don't apply. Buy support, sell resistance. But the dips, sell the rallies, etc. Those should actually come first before you starting thinking about the geometry stuff.
  • #753
  • Nov 2, 2012 2:55am Nov 2, 2012 2:55am
Quoting JR97
The rule of thumb is "when price and time meet, change is inevitable". So you're looking at a time line where you've got some intersecting angle lines but also strong support if you draw a trend line along the bottom there. Price and time are meeting. If you're short, I'd be looking to get out with either a trailing stop or maybe just exit altogether. If you're not short, I'd be placing some buy stop orders to see if price comes up from support.

Remember.. just because you're using fancy geometry doesn't mean standard rules don't apply. Buy support, sell resistance. But the dips, sell the rallies, etc. Those should actually come first before you starting thinking about the geometry stuff.
thank for the feedback,
i dunno about the time price rule before

i don't have open position rite now
  • #754
  • Nov 2, 2012 7:48am Nov 2, 2012 7:48am
Quoting JR97
4H square. You can see where I shorted on a vertical time line. I've now exited and gone long on a vertical time line but also strong support. Tight stop since NFP is manana.
Well that was short lived. Hence tight stop.
  • #755
  • Nov 2, 2012 7:55am Nov 2, 2012 7:55am
It's a pitty ;-(
I did not go long because the volume was not supporting the long side. Also because NFP is always a lotto .

Ciao
Fabio

Quoting JR97
Well that was short lived. Hence tight stop.
  • #756
  • Nov 4, 2012 7:40am Nov 4, 2012 7:40am
Quoting JR97
I made a tiny tweak and holy crap... unreal, eh?

http://content.screencast.com/users/...16%2022.36.gif
Wow. I found a video of some dude describing exactly what was in my head when I came up with the concept behind the wavy line forecast. Glad to know I'm not alone in my thinking.

Inserted Video
  • #757
  • Nov 4, 2012 11:08am Nov 4, 2012 11:08am
lovely stuff JR, thanks for sharing.
  • #758
  • Nov 4, 2012 11:26am Nov 4, 2012 11:26am
Really inetersting stuff !
Thanks

Quoting JR97
Wow. I found a video of some dude describing exactly what was in my head when I came up with the concept behind the wavy line forecast. Glad to know I'm not alone in my thinking.

http://www.youtube.com/watch?feature...&v=4zc0ICPoqlM
  • #759
  • Nov 4, 2012 12:50pm Nov 4, 2012 12:50pm
Quoting Sti
lovely stuff JR, thanks for sharing.
Hi Sti
my view for e/u down to touch 1.2740 "Almost"
  • #760
  • Nov 5, 2012 6:48am Nov 5, 2012 6:48am
Here's an example of not trading in the other direction on an end of square. Price dropped straight into that time line, but why try catching a falling knife? Just wait for the pull back to play out. My entries weren't based on anything but price falling through minor levels of support.

http://content.screencast.com/users/...2012-11-05.gif
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