High Frequency Trading

[MickMason]

Originally Posted by Soul-Trader2004

after that comes the yacht and the russian hooker

Rugby on a boat, that's a novel idea.....

[Trader02]

Originally Posted by Soul-Trader2004

oh no, i know you love me to bits

actually you would be suprised how much time i spend trading each day.

My main trading technique takes 15 mins a day.

strange as it may seem i actually choose to take other trades but to be honest i don't trade very often anymore - most of my time these days is spent testing new methods and looking for another simple system that needs no human input - grail 2 to speak.

I only have around 2-3 years left in my plan TR02 and for that 2 years i'm willing to sacrifice - after that comes the yacht and the russian hooker

I've always like you, Soul, just didn't like that you worked for the Stench Group.

Post your calls using your expensive system/s on ANY USD pair for the next 30-90 days. It will be your billiondollar system vs my simple 10-dollar method. A new thread?

[Soul-Trader2004]

i dont have any expensive systems.

and who the hell is stench?

I work for no-one but me

[Trader02]

Originally Posted by Soul-Trader2004

i dont have any expensive systems.

and who the hell is stench?

I work for no-one but me

------------------------

The Stench Group is run by Pappy Stench. He is the sister of Pamela Stench

Before this year is over you will be working for me.

I'm taking you to lunch right now. See below. Who pays the bill depends on how the call below works out!

GBPJPY on 4H -- nice good-odds shorty in motion. Decide on your own STOP if you choose to play.

Entry conditions: Trendline break (OK), 78.6% fib broken (not yet), and a close below 34-pd MA (not yet) on 4H chart timeframe.

NO entry unless this occurs.

If there is joy, holding period will be till death do us part, possibly for days or if lucky, weeks.

If no joy, then back to the trenches as a Longy.

And here's the free lesson: (From a 75k/yr fella to a multimillionaire) Don't got time to post the chart but a quick look at 4H for the pair will show you, Oh Magnificent One, the nice sleek, shiny trendline from Jan 8th and Jan 11th.

One needs 3 points for a trendline that inspires confidence, but when Price leaves it is the dust when it blasted off on a new trajectory on Jan 11, one knows there will some reckoning when it returns to said line later in the next millenium. Either it rockets off again upon contact, consolidates or he'll drop his shorts and plunge. One other possibility exists, namely it is searching for a stabler trendline before continuing upwards. Sorry, there is still plenty of thoughting required, no auto pilot plays for me.

The jury is still out there on this call, but what the heck, its worth a shot.

Other caveat: GBPJPY is a LONGY not a SHORTY, but I see a correction and will play it and then look to get back on the dominant upward trend. But be aware there is a huge carry penalty associated with this play.

[Trader02]

Trendlines don't work?

Air, water and brown rice are free or almost free. Look what happened to the former 2 and what they did with the latter -- fed it to pigs, but sold us the refined variety, then saw the profit potential and went back to "brown" but charge us 4-5 times as much and ++.

Then what about the 2 wise guys who recently flattened a country to kill one guy, but ended up killing hundreds of thousands and now are totally focussed on REBUILDING?

So it is with TA. Complexity galore! Basics ignored!

Exhibit A: Dow Jones. Just saw/heard on CNBC several experts saying all kinds of stuff about where its going -- DOWN was NOT an option. They came up with all kinds of fundamental and technical stuff, even citing esoteric ARC theory.

But here's what I'm saying, "the basics never fail"

See chart -- call is being made way before any serious downside has occurred.

The entry: Upward Cross of red downtrendline = somethings afoot in a bullish sense.
cross of 200-day = bullish
retests trendline & 200-day holds firm, then previous high is taken out at a steep angle of ascent
No sign of worry since No violation of rising, gapping MAs (closing basis)

The exit: But the prudent player gets out instantly on trendlinebreak and waits to see if there is a correction to a gentler upsloping line or a trend reversal or a false alarm.




Fibonacci targets are used as reference but are not gospel. The retracement grid is semi-gospel.
Elliottwave numbering is conjecture but NOT gospel.

What's gospel? The high probability Trendline shown.

Let's see how it plays out.

Real-time or daily Forex trendline to come next week.

[ampris2000]

here's your analysis.

it's going to go down sometime soon.

The daily chart shows macd divergence but the macd/rsi system hasn't shown a sell signal yet.

cci has given a sell signal

BUT, it is not in a trend yet.

analysis: wait, but watch.

[sunabeach]

Years ago I watched CNBC - with the sound muted.

Now I do neither.

[Trader02]

More rapture with trendlines:

Please use a ruler and pencil to connect the Nov 28 & Jan 8 bottoms, but use gloves because picking bottoms causes smelly fingers.

Then move the ruler to the right and extend the line.

What do you see now?

There may be 50 ways to leave your lover but there will be no SHORTY unless this line is broken decisively.

Regardless, we must also have a close below the 34 to inspire confidence.

Then we're off to the races with minm. target @ 61.8% retracement @ 11,870.

One step at a time, but I do love it when I see a nice rounding top/bottom; but like in real life you must wait for a signal before you squeeze, or else its jail or the Salvation Army.