How to use Support and Resistance Effectively - page 56

gbot
239
gbot  

Trend and s/r

no longer relevant

michael parker
659
michael parker  
bubble:
Hi all ,

Forget all those fancy ziggys and arrows and the rest of those indicators with lines running all over the place and no room to see what price is doing.

The only thing that matters is price and its intepretation.

All these trades have been made using trend and s/r analysis live in my trading room.

If anyone disagrees with my entry or targets quite frankly i couldnt give a monkeys uncle, the bottom line here is profit which we do week in week out.

regards

bubble

===================================================

ah indeed bubble, do i then understand you to be a commercial venture ??

if indeed you are, then "putting down" everything else but your way of working makes immediate sense, but please (in the interest of honesty), dont try to remove a very well established fact !

THERES MORE THAN ONE WAY TO SKIN A CAT !

While you may well do well, and my congratulations and salutations, DO NOT attempt to impress upon others that yours is the Holy Grail, cause there aint no such !

Many many different approaches work wonderfully, and those can then be broken down into "niches", "timeframes" and rapidity of trading --- does one wish to trade the H1 or H4 --- those are the simplest to trade as long as money management is stricktly adhered to, but can also be huge fun as rare indeed is the currency that goes STRAIGHT from point A to point B without making a few money making detours along the way !

Methods of trading in forex (or anything else for that matter) are almost COUNTLESS === only imagination limits what you can do, so PLEASE dont act as if YOU HAVE THE SECRETS, cause you well know you are only one more player in a sea of players --- what counts is having fun and making money, and you get there by driving east, west or by helicopter --- THERE IS NO ONE WAY !

But as i said, if you are indeed a commercial venture, then I can at least understand your intensity about your "methods" !

enjoy and trade well

no matter how you wish to do it

mp

gbot
239
gbot  
mp6140:
===================================================

ah indeed bubble, do i then understand you to be a commercial venture ??

if indeed you are, then "putting down" everything else but your way of working makes immediate sense, but please (in the interest of honesty), dont try to remove a very well established fact !

THERES MORE THAN ONE WAY TO SKIN A CAT !

While you may well do well, and my congratulations and salutations, DO NOT attempt to impress upon others that yours is the Holy Grail, cause there aint no such !

Many many different approaches work wonderfully, and those can then be broken down into "niches", "timeframes" and rapidity of trading --- does one wish to trade the H1 or H4 --- those are the simplest to trade as long as money management is stricktly adhered to, but can also be huge fun as rare indeed is the currency that goes STRAIGHT from point A to point B without making a few money making detours along the way !

Methods of trading in forex (or anything else for that matter) are almost COUNTLESS === only imagination limits what you can do, so PLEASE dont act as if YOU HAVE THE SECRETS, cause you well know you are only one more player in a sea of players --- what counts is having fun and making money, and you get there by driving east, west or by helicopter --- THERE IS NO ONE WAY !

But as i said, if you are indeed a commercial venture, then I can at least understand your intensity about your "methods" !

enjoy and trade well

no matter how you wish to do it

mp

ah indeed bubble, do i then understand you to be a commercial venture ??

Trader first and foremost ,commercial venture no as trading produces far greater profits for me than any commercial venture could,i do have a room where i meet with like minded traders who have requested from this thread that i originally started , to learn the methods i use.

if indeed you are, then "putting down" everything else but your way of working makes immediate sense, but please (in the interest of honesty), dont try to remove a very well established fact !

THERES MORE THAN ONE WAY TO SKIN A CAT !

Of course i agree ,but ive yet to come across many on these forums that truely understand how the markets work and most are paralised by having so many indicators on the charts whilst over looking the fact that price is king.

While you may well do well, and my congratulations and salutations, DO NOT attempt to impress upon others that yours is the Holy Grail, cause there aint no such !

Please dont tell me what to do and what not to do ,it is none of your business.

Many many different approaches work wonderfully, and those can then be broken down into "niches", "timeframes" and rapidity of trading --- does one wish to trade the H1 or H4 --- those are the simplest to trade as long as money management is stricktly adhered to, but can also be huge fun as rare indeed is the currency that goes STRAIGHT from point A to point B without making a few money making detours along the way !

Methods of trading in forex (or anything else for that matter) are almost COUNTLESS === only imagination limits what you can do, so PLEASE dont act as if YOU HAVE THE SECRETS, cause you well know you are only one more player in a sea of players --- what counts is having fun and making money, and you get there by driving east, west or by helicopter --- THERE IS NO ONE WAY !

But as i said, if you are indeed a commercial venture, then I can at least understand your intensity about your "methods" !

WARNING - constantly reading between the lines can seriously damage your health.

enjoy and trade well

no matter how you wish to do it

mp
michael parker
659
michael parker  

ah indeed bubble, do i then understand you to be a commercial venture ??

Of course i agree ,but ive yet to come across many on these forums that truely understand how the markets work and most are paralised by having so many indicators on the charts whilst over looking the fact that price is king.

THIS i will agree with "partially", but there are a number of forumns here who work with chart overlays and price driven movement, and some even use and produce great results with those "maligned" zigzags !

While you may well do well, and my congratulations and salutations, DO NOT attempt to impress upon others that yours is the Holy Grail, cause there aint no such !

Please dont tell me what to do and what not to do ,it is none of your business.

First, I never tell anyone what to do at first meeting -- later on I may "lean" a tad harder because Im someone youve NEVER met before --- a professional who wants the rookies to have an even break ! By pushing your system so hard, you prevent them from learning the many ways of trading, and for showing them other methods, I have no apologies !

WARNING - constantly reading between the lines can seriously damage your health.

NOT MINE LADDIE !!

enjoy and trade well

no matter how you wish to do it

mp

gbot
239
gbot  
bubble:
ah indeed bubble, do i then understand you to be a commercial venture ??

Trader first and foremost ,commercial venture no as trading produces far greater profits for me than any commercial venture could,i do have a room where i meet with like minded traders who have requested from this thread that i originally started , to learn the methods i use.

Of course i agree ,but ive yet to come across many on these forums that truely understand how the markets work and most are paralised by having so many indicators on the charts whilst over looking the fact that price is king.

THIS i will agree with "partially", but there are a number of forumns here who work with chart overlays and price driven movement, and some even use and produce great results with those "maligned" zigzags !

While you may well do well, and my congratulations and salutations, DO NOT attempt to impress upon others that yours is the Holy Grail, cause there aint no such !

Please dont tell me what to do and what not to do ,it is none of your business.

First, I never tell anyone what to do at first meeting -- later on I may "lean" a tad harder because Im someone youve NEVER met before --- a professional who wants the rookies to have an even break ! By pushing your system so hard, you prevent them from learning the many ways of trading, and for showing them other methods, I have no apologies !

WARNING - constantly reading between the lines can seriously damage your health.

NOT MINE LADDIE !!

enjoy and trade well

no matter how you wish to do it

mp

DONT LEAN TOO HARD OR YOU MIGHT FALL

ENJOY YOUR DAY LADDIE LOL

MiniMe
2127
MiniMe  

KaMpeR in his trading method Join the Dots , used both S&R and zigzags ... and he is doing well there , so he got the best of both methods

We can't say a method is better than the other just because we can't use it or we are not making money with it , what works for a trader might not work for another

there are different ways to win, its up to the trader to find the rigth way

gbot
239
gbot  
MiniMe:
KaMpeR in his trading method Join the Dots , used both S&R and zigzags ... and he is doing well there , so he got the best of both methods

We can't say a method is better than the other just because we can't use it or we are not making money with it , what works for a trader might not work for another

there are different ways to win, its up to the trader to find the rigth way

Hi Minime,

Whilst i never go to anyones thread and critize them its seems that others take it upon themeselves to play forex god and critize any one else that has an opinion different to thiers,some even seem to be making a career out of it, as far as im concerned any one who wishes to zig their zag, play join the dots , play with robots , have fun putting lots of arrrows and make their charts look pretty can keep doing what they are doing.

As i said before its the bottom line that counts for me.

regards

bubble

michael parker
659
michael parker  

Hi Minime,

Whilst i never go to anyones thread and critize them its seems that others take it upon themeselves to play forex god . . . . . . . .

WHEW -- at least we got that part right, although I would appreciate your dropping the word "play", as its my full time activity !

and critize any one else that has an opinion different to thiers ---------

Although you seem to take any negative words very much to heart, were talking about forex here and not the size of your - - - - - sorry, family show here so have to keep it clean !

NO ONE insulted YOU, just mentioned originally that you fell far short of the total you could have had if your system didnt enter so late --- I could offer to fix it for you, but i imagine your response to that offer !

,some even seem to be making a career out of it, as far as im concerned any one who wishes to zig their zag, play join the dots , play with robots , have fun putting lots of arrrows and make their charts look pretty can keep doing what they are doing.

As i said before its the bottom line that counts for me.

My bottom line was fully established 30 some odd years years ago --- now I like the newbs to KNOW how to trade so they can throw chicken bones if need be and NOT be locked into ONE method which has shown only fair results !

It would be impossible to explain to a rookie how I trade 4 timeframes at once, but I can give them some real life experiences that can at least help them understand what trading is about and when to enter and when to exit while trying to stay away from systems that provide large drawdowns that can kick them out because of stops, or scare them out because of those same drawdowns !

But one overpowering message you should take to heart is that NO ONE INSULTED YOU ---- you became angry because of negative ratings and ya gotta get used to it if you want to make it in show biz !

============================================

QUOTE]

enjoy and trade well

mp

gbot
239
gbot  
bubble:
Hi Minime,

Whilst i never go to anyones thread and critize them its seems that others take it upon themeselves to play forex god . . . . . . . .

WHEW -- at least we got that part right, although I would appreciate your dropping the word "play", as its my full time activity !

and critize any one else that has an opinion different to thiers ---------

Although you seem to take any negative words very much to heart, were talking about forex here and not the size of your - - - - - sorry, family show here so have to keep it clean !

NO ONE insulted YOU, just mentioned originally that you fell far short of the total you could have had if your system didnt enter so late --- I could offer to fix it for you, but i imagine your response to that offer !

,some even seem to be making a career out of it, as far as im concerned any one who wishes to zig their zag, play join the dots , play with robots , have fun putting lots of arrrows and make their charts look pretty can keep doing what they are doing.

As i said before its the bottom line that counts for me.

My bottom line was fully established 30 some odd years years ago --- now I like the newbs to KNOW how to trade so they can throw chicken bones if need be and NOT be locked into ONE method which has shown only fair results !

It would be impossible to explain to a rookie how I trade 4 timeframes at once, but I can give them some real life experiences that can at least help them understand what trading is about and when to enter and when to exit while trying to stay away from systems that provide large drawdowns that can kick them out because of stops, or scare them out because of those same drawdowns !

But one overpowering message you should take to heart is that NO ONE INSULTED YOU ---- you became angry because of negative ratings and ya gotta get used to it if you want to make it in show biz !

============================================

QUOTE]

enjoy and trade well

mp

I cant help you here, the words "PLAY" stand as they were not directed at anyone in particular .

I am not interested or concerned about your comments to the trades that i posted , whilst we are on the subject of trading i think you are misleading a lot of people on this forum , i have met and am proud to call friends a lot of highly educated and successfull traders from some of the worlds leading institutions and the template you trade with is not very convincing as one that a hedge fund manager would use.

From my conversations with you thus far you do seem to have a very big ego to feed and some rather fowl language to use which i would suggest you tone down a bit with less of the sarcasm and inuendos.

After all we are proffesionals.

Im not quite sure which method you are referring to that has shown only fair

results ,maybe you could enlighten us all with your 30 years of experience of these methods.

FXBabe
272
FXBabe  

have you started on bubble now? give it a rest yeah.

bubble:
Hi Minime,

Whilst i never go to anyones thread and critize them its seems that others take it upon themeselves to play forex god . . . . . . . .

WHEW -- at least we got that part right, although I would appreciate your dropping the word "play", as its my full time activity !

and critize any one else that has an opinion different to thiers ---------

Although you seem to take any negative words very much to heart, were talking about forex here and not the size of your - - - - - sorry, family show here so have to keep it clean !

NO ONE insulted YOU, just mentioned originally that you fell far short of the total you could have had if your system didnt enter so late --- I could offer to fix it for you, but i imagine your response to that offer !

,some even seem to be making a career out of it, as far as im concerned any one who wishes to zig their zag, play join the dots , play with robots , have fun putting lots of arrrows and make their charts look pretty can keep doing what they are doing.

As i said before its the bottom line that counts for me.

My bottom line was fully established 30 some odd years years ago --- now I like the newbs to KNOW how to trade so they can throw chicken bones if need be and NOT be locked into ONE method which has shown only fair results !

It would be impossible to explain to a rookie how I trade 4 timeframes at once, but I can give them some real life experiences that can at least help them understand what trading is about and when to enter and when to exit while trying to stay away from systems that provide large drawdowns that can kick them out because of stops, or scare them out because of those same drawdowns !

But one overpowering message you should take to heart is that NO ONE INSULTED YOU ---- you became angry because of negative ratings and ya gotta get used to it if you want to make it in show biz !

============================================

QUOTE]

enjoy and trade well

mp