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Post by traderAllen on Oct 19, 2014 23:06:23 GMT -5
Not much to really see here, Just getting set to trade for the week.
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Post by traderAllen on Oct 19, 2014 23:32:56 GMT -5
Sorry I had to cut this video short, but trading comes first.
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Post by traderAllen on Nov 9, 2014 12:12:48 GMT -5
Another weekend prep video for NOV. 11 2014
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Post by fxoutlier on Nov 9, 2014 14:15:57 GMT -5
A question I keep forgetting to ask is, Volman recommends about 1.5 hours of data on the chart whilst you use 2 hours, is there any reason you choose a little bit more? One problem with the charts in Volman's FPAS is that although we often see around 1.5 hours of data, many of the set ups shown, actually occur just after halfway on his charts, meaning we only observe up to an hour of data on the chart before the set up which doesn't give a full view of the action we would see if the set up was on the right hand side of the chart. At least though with his drop box charts we get around this. I haven't opened up the new book yet, it's still in its Amazon packing as I'm concentrating on the first book, but I do hope with all the charts in this new book we get to see more of the chart. It may seem like I'm nit picking here but given the importance of pre trade conditions I feel it doesn't give the full picture. I also think I'm going to have to go through your blog and website again as it's building up into quite a resource of information on this big picture view you've recently detailed and given you've written over 150 postings, much of it is fading in my memory.
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steve
New trader
Posts: 37
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Post by steve on Nov 9, 2014 17:53:08 GMT -5
Thanks for the video.
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Post by traderAllen on Nov 11, 2014 12:37:29 GMT -5
A question I keep forgetting to ask is, Volman recommends about 1.5 hours of data on the chart whilst you use 2 hours, is there any reason you choose a little bit more? One problem with the charts in Volman's FPAS is that although we often see around 1.5 hours of data, many of the set ups shown, actually occur just after halfway on his charts, meaning we only observe up to an hour of data on the chart before the set up which doesn't give a full view of the action we would see if the set up was on the right hand side of the chart. At least though with his drop box charts we get around this. I haven't opened up the new book yet, it's still in its Amazon packing as I'm concentrating on the first book, but I do hope with all the charts in this new book we get to see more of the chart. It may seem like I'm nit picking here but given the importance of pre trade conditions I feel it doesn't give the full picture. I also think I'm going to have to go through your blog and website again as it's building up into quite a resource of information on this big picture view you've recently detailed and given you've written over 150 postings, much of it is fading in my memory. I don't think that it really matters whether you use 1 1/2 or two hours of data. That like many rules is more of a guide. You want to keep enough data on the chart to be able to see the current tone of the market. Are the current market participants buying up the market or is there a majority of sellers. It may be more closer to equilibrium which makes for a ranging market. My advice would be pick one or the other to use as a baseline for consistency. But don't be afraid to make minor adjustments each day to give you a clear picture of whether the market at the moment is being bought up are sold off. If you set the horizontal axis during the US session when the market has been moving, typically the 830 to 10 o'clock timeframe. You will find that throughout most of the rest of the day the horizontal timeline will increase as the market slows. This should give you a pretty good baseline. But again, the most important thing is clarity. If you can't see a clear picture of who's in control, don't be afraid to make some adjustments.
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Post by traderAllen on Nov 29, 2015 11:55:38 GMT -5
Trading Prep 11 29 2015 Getting set to trade the forex markets. Just a quick video about how I prepare and what I look for.
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Post by photize on Nov 29, 2015 16:48:56 GMT -5
Just to mention , as you say price has fallen and retraced 50% l have noted that the moves have been getting smaller each time and the market is flattening , there was a higher low, I could see a drop then a retest of the last high and could even be cautious for price to stall ,your opinion would be nice , many thanks for the video Pho
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Post by photize on Nov 29, 2015 18:07:18 GMT -5
Not forgetting if course the bank holiday effect Pho
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Post by traderAllen on Nov 29, 2015 21:36:53 GMT -5
First and foremost remember always trade the chart not my opinion or anyone else's even your own bias can be detrimental. That's why I always say "trade what you see now what you think" that said. Smart money never likes to tip their hand, even extremely new trader can see were in a downtrend, this sets up a perfect example for a "pop and drop" market manipulation which is what you're referring to. With relatively few buyers the markets can be easily manipulated higher with small amounts of cash sucking all those stop orders and then reverse.
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Post by traderAllen on Jan 24, 2016 19:35:04 GMT -5
Preparing for the trading week of January 25. And a shout out to ninZa.co
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