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[edge] 13/3/2013 12:31

AT
i would not waste your time with tp.
to make money in this game you have to be quite unassuming.
so i ain't going to assume anything.
but if i was going to place a bet on tp being a winner i would be a complete plonker.

[tpaulbeaumont] 13/3/2013 12:28

my problem is i dont liek seeing ppl waste time and/or money :)

if your making a fortune congrats, youre the one! if youre not (and my unintelligent guess is youre not), maybe forget the waves?
thats all im saying, much smarter people than us have spent alot more time and money over the years trying and failing, and theres so many other ways to make money from markets

in particular for waving as ive been interested in it for so long, people post charts, i debunk the labels if imo theyre wrong, in time im usually proved right and point it out to them, people then rant rave squeal and try to justify it instead of asking why i felt they were wrong lol, online forums 101, the most common retort is 'well whatever my labels, i thought it went up and it went up' which is clearly flawed - coin tossing would have offered the same likelihood of result cos if your interpretation/labels are wrong, even if you lucked out and got the direction right today you obviously wont necessarily tomorrow, the time you 'go heavy'

just better spending your efforts elsewhere imo at, im sure youll ignore it and make your own way anyway, we all need to prove things to ourselves, nothing personal, GL! :)

[tpaulbeaumont] 13/3/2013 11:49

in hindsight its always best to go heavy, but in real time, is it really a consistant way to make a living?
lets see :) meet you back here in 5 years :)

[and then] 13/3/2013 10:57

edge 11 Mar'13 - 20:31 - 1374 of 137


edge, of course what you have written is oh so true, however, my style isn't as much swing trading, (as i previously pointed out), maybe it should be, but i prefer to read intraday signals and ultimately all i am looking for is to determine the end of a 'c' wave, so as to re-enter a trade with original trend...

(a bit like the above EurGbp), however, even that one was poor structure for the 'c' wave (of 'B').
Get a 'c' wave that hits a fib level of 'a' and simultaneously, within its own structure hits its 61.8% fib ect for its own 5th and its good to go heavy!

[and then] 12/3/2013 15:28

Previous EurGbp;



Ending diagonal for 5th (of 3rd);



Poss end to wave B of 4th ('c'=200% of 'a');

[edge] 11/3/2013 20:31

AT
should have is loser, have is winner.
even though you see something and do not act makes you a loser.
the good news is that you saw the line but it still makes you loser.
there is a fine line in trading and though it looks easy to cross its very hard.
there are no runners up just winners and losers. winners cross the line .
so next time you see the line cross it.
forget about the last time you saw it, it do not matter.

[tim 3] 11/3/2013 19:59

Know that feeling at.

[and then] 11/3/2013 11:43

I could cry everytime i see a big red candle appearing on the Cable chart. I don't know how the hell i haven't been in heavily short from 1000 pips ago... i was preaching it to all and sundry and yet wimped out a long time ago!

[tim 3] 10/3/2013 09:46

and then 8 Mar'13 - 11:02 - 1366 of 1370 0 0

Yeh, i think it depends on serious hard work (mentally). The clues are all there when you know where to look, but most approach trading merely as gambling... oh its gone up i must short it... oh dear its gone up some more, excellent, lets short it some more....!

Why?

So true you read that on the boards every single day "its gone up so will short it even more" its one reason why most traders lose their mentality is the oppisite of whats needed to make money.

[and then] 09/3/2013 12:03

But i do try to concentrate on percentages, instead of pippage. If you put in the work, you can find intraday trades like this one;



The blue circled area was target, to finish the cycle. We had to endure a nasty expanding diagonal, however;



so without needing hundreds of pips, risk was 1% with a 12 pip stop and target of 50pips achieved, (4% gain within a couple of hours or so)

[and then] 09/3/2013 11:52

To be fair, i totally understand the less stressful approach of a longer term (swing) trade.

I called Cable down at the start of the year;



A little later i determined it was impulsive and the weekly abcde wedge was complete. No-one liked my labeling for the 4th wave, but whoever doubted it needed to do some more homework;



The fib levels were the key. We ended up taking the Irregular, (green) path;



Retested the channel (below) but not the sub 4th me thinks...



Anyway, my point being, i've made absolutely sod all from all of this, despite clearly being on the button. I have been depending on small timescales to have easy to read wave structure, which simply never happened. I was obsessed with the wedge needing to be retested and never managed to get a decent position away at any stage!

This is the kind of scenario that is likely;



but in all honesty, with wave 2 being irregular, it is usual to expect an extended wave 3, so maybe we will just keep grinding down with wave 3 being many multiples of wave 1 (300/400/500%)

I expect low 130's before year is out...

[edge] 08/3/2013 11:25

and then
if its lining your pockets then keep it up.

tp
lets save a few years, what methods are these traders using ?
i would guess s and r but in doing so you would have to know the s and r.
knowing the s and r is key.

[and then] 08/3/2013 11:07

The flag trading kind of set me up that way! Jump into a trend for a small bit!

The point i keep trying to make is that its not about pippage, its about percentages! If you can find a 10 pip risk/50 pip gain, its going to make you money even with a 30% win rate... get the rate up to 50%+ and you will make it big time with the right discipline...

[and then] 08/3/2013 11:02

Yeh, i think it depends on serious hard work (mentally). The clues are all there when you know where to look, but most approach trading merely as gambling... oh its gone up i must short it... oh dear its gone up some more, excellent, lets short it some more....!

Why?

ffs, that money has now gone! if it wasn't peeps own hard earned, it would be almost comical...

I feel i can make more being in and out on small timescales. I absolutely hate to see a decent profit given back in a corrective move, so i concentrate on determining the end of each corrective ('C') wave, to return to trend...

[tpaulbeaumont] 08/3/2013 09:47

i can see whats happened bro :)

personally dont usually try to trade these little swings, even if at the mo theyre 100pips a time, far too ambiguous for little old me to make a living off lol

you obviously 'get' waving though which is great, already way ahead of many, but is 'getting' waving consistently putting money in your account? tell me what you think in a few more years ;)

(i know many traders that have pulled Ms out of the markets, none of them use waving)

[and then] 08/3/2013 09:32

If you look tpb, you will see a question mark alongside the ('i'), the point is after the abc (which was correct no matter how you want to label it), the minimum to expect was a 3-3-5/5-3-5 short, which we got, the flagtrade wasn't valid, as it wasn't formed off of a 5w move short, but then i couldn't update as Advfn was down everytime i tried it yesterday...

[tpaulbeaumont] 08/3/2013 09:13

#1357 yes the labels/numbers are obviously wrong


#1358 "If a fresh low on Euro in next 4 hrs, expect at least 12,895, if not and we go up in a 5w move from here (as expected)[...]"

didnt go up in a 5w (as expected), but did print a fresh low within 4 hours, but that didnt print the expected 12,895 either and turned up


getting there though mate, as good as anyone else posting wave stuff online :)

[and then] 08/3/2013 09:10

Further to chart in post 1360, canny reaction at the 23.6% retrace;

(as of last night);



so far, so good...

[and then] 08/3/2013 09:08

and further to that, the end of the abcde move, wave D, 'c' = 123.6% of 'a' & wave E, 'c' = 161.8% of 'a'... (blue circles);

[and then] 08/3/2013 09:05

Other than that, flagtrade wasn't valid, thus didn't trigger. Instead i believe the move down is impulsive;

[and then] 08/3/2013 09:04

So further to last chart;

[and then] 06/3/2013 16:47

If a fresh low on Euro in next 4 hrs, expect at least 12,895, if not and we go up in a 5w move from here (as expected), it will be lower than that at a later date...

[and then] 06/3/2013 07:32

'in case this a longer complex corrective and an irregular B wave'

well, that's one possibility which has worked to the long side;



the other possibility is that the move down was an X wave, so where next? Well, there is such a small risk pips wise between here and the stop point proving the count down was not a 5w impulse, its worth the small short...