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Hello......are my posts invisible? Why would ihub log me on secure and then go immediately to unsecure? Is anyone else aware of this?
I don't remember investors hub having a secure log on. Does everyone else log on to this site through a "secure" connection? When I bring the site up it's unsecure. When I log on it logs me on through a secure https address then immediately goes back to unsecure as soon as I'm logged on.
Maybe so, but with pennies doing all our wave counting for us why would we need any outside input? Huh? LOL
Just kidding around (mostly, lol)......does this site give daily wave count updates on the different currency pairs? And does it have a fee based subscription offer to it as well as the free teaching and info?
Well thanks for offering it up. I might just join as well. I hate email clutter though and don't like getting mail from multiple address sites when joining one site. I'm trying to prevent as much of that as possible.
The site requires a sign-in jav and I'm not a member. Either way, up or down, I'll be ahead since I'm carrying a previous short previously entered at current price and I made profit on the short I just closed. If it moves up and tests prior support turned resistance from that wedge, I'll add there again. If not, I'll let this short run.
Hey ya jav......I just closed out a short here at this horizontal support. I'm leaving my other 3 shorts to run as they will for now. I certainly haven't been nailing perfect highs and lows this last couple weeks, and it seems like when I do add every 50 pips or so, the price goes against me in a painful way but if I don't add every 50 pips or so, I miss out of good scalps and smaller time frame swing trades. I'm not losing, but I'm not picking the low fruit either, nor am I really filling my basket. Ugh.
Now that I've closed out, watch AU take a huge plunge here. lol
Oh you were right again! LOL
I haven't git....just done the youtube/google search. There's a bit of somewhat useful info out there, but not what I'm looking for.
Right, well if you're looking for some genius to step in for the gone Mr. Gann, don't look at me. I'm still trying to find the switch to turn the gann fan on and I just don't see one. lol
Well jav......the thing with Lowry is that it appears he has really mastered the application of fib lines to price history. He alludes to offering many secret, uncommonly known frequent price action behaviors which he has found occur often enough to be on the lookout for.
Now what intrigues me about Ganns theory is that he apparantly discussed it in a fairly cryptic written sense on paper so that not everyone would get it easily. As if he really was onto something significant in his theory on the relationship between price and time and didn't want to share it with the whole world.
I wasn't able to find his book locally at any library so I'd have to buy it myself. Right now, the problem for me is that I can lay the fan down and though it may seem to line up for repetetive price hits, it doesn't happen every time I put the fan down on a new wave and I sure don't have easy access to all ganns little secret discoveries any more than I do Lowrys without paying thousands to take his course. If a person were to take Lowrys course, they better get it and retain it or they've possibly wasted those thousands of dollars spent on his course.
I have jav, but haven't come across anything that was very good or in depth or thorough in teaching not only the basics of the gann theory but with application MT4 chartwise.
Right jav, but even though I can drop a fan on the chart, I can't find anything that tells how to lay the fan down correctly using which parameters etc. And I don't really have a good basic understanding yet of how to trade off the fan itself.
And, if the fan isn't layed down right, it's not going to make for a good trade anyway.
I've finally gotten a decent familiarity with the fib and FE tools, so I was hoping to get an equally good familiarization with the gann fan, but so far I'm finding it a real challenge to come up with any decent tutoring online.
Interesting git. I'm so ignorant at this stage that I'm sure my having your indi would be nearly pointless at this time.
My biggest interest in the gann application was the desire to see if it could give further confirmation to fib lines and lines of support and resistance based on price history. I'm real curious as to how it would maybe give higher odds of one fib line playing out than the other fibs nearby. I'm imagining the the gann lines crossing over the fib lines giving near perfect reversal spots. If you can visualize what I'm saying. Kind of like "x marks the spot"? lol
Right SG....well I know that with those high, high risk lot sizes it's just a matter of time before either the trade platform freezes and fails, or an electrical storm causes power outage to the home computer, or some other circumstance or emergency outside ones control, will prevent closure of a losing position. Knowing this, it's absolutely and logically demanding that a person keeps margin risk as low as possible while still allowing for steady and ample profits. I always consider that reality, but sometimes not until I've found myself loading up too many lots too close together. lol Even with a more reliable platform that alpari has so far been, I don't even trust the broker to close out pending stop loss orders. So its always necessary to keep margin risk at conservative levels.
Rule number one......buy low sell, high......rule number two......no 200k lot trades! LOL
Ok git. At some point down the road after I've studied gann more in depth and can make useful sense of it, I may beg you to share your indicator. lol
Hey git.....what indicator do you have on your chart that is showing the pattern with all the TP numbers? It doesn't look to be a pip measuring tool/indicator. What's the specific name of it....I'd like to search it out and download it if I can.
Morning SG.....I use to use FXCM for trading live and demo via MT4, but had too many problems with both charting and live trade execution to trust them with my money again. I use Alpari now for trading demo and have found the MT4 platform to be quite dependable but I will use Oanda when I finally fund a real account because of spreads and because pennies tells of having no real issue with them over the years he's been trading. Sorry I can't help.
git's right jav...here's SGs latest post ##101040 ....."GM all..looks like I picked a good week to close for vacation...got a bit nutzo in currency land I see...funny how they run the markets to da moon with NO MENTION of Italy,Greece..Spain...then all of a sudden realize they may have problems over there and tank it all!!...theyve pulled this crap over and over ad nauseum but I guess it works for them nicely(LOL)"
I've been wondering the same thing jav...
Well I'm going to take the time to study the gann fans and see if I can't just add that tool to the useful arsenal along with my adr indi, the quad tunnel, EW counts, goodman wave counts, the extremely applicable fib levels, and have I mentioned everything? I'll cover it with etc., etc., etc., lol
Have a good one git. And thanks. eom
Oh boy.......I was afraid it wasn't going to be as simple as I'd desired. This guy Gary Stafford uses the fan all the time according to his vids. I'd like to be able to too, but I can see I won't be doing so in the next couple weeks, or even couple months probably. Oh well, it's a goal worth shooting for.
Thanks for the mention on read resources. I'll see if I can locate them. I'm also going to the public library today to see if I can find other good books on the subject by Gann or with Ganns quoted info in it.
Can you steer me to a good read? Online would be preferable to start with but if you can point me to an excellent book that you've educated yourself with, that would be great too.
And where are you pinning that third dot to? The starting point is not the issue, but where to adjust the end point to is the problem for me right now.
It's a little early to be hitting the popcorn and coke isn't it git? LOL! Say, but are you talking EJ still?
Git or anyone......I use Alpari for my MT4 and when I lay down a gann fan, there are three white dots on the gann centerline. The first dot allows for dragging the starting point of the fan to where you want it. The second dot allows for dragging the entire fan as it shows to where you want it. The third dot allows for varying the size and angles of the fan lines depending on where you drop the dot.
So let's say I have what looks to be 5 EW waves up and a top appears to be set. If I set the first dot at the top of this wave top, leaving the second dot alone so I don't move the fan itself away from the top of the wave, then where am I supposed to be dropping the third dot? Do I wait until I see what looks to be a new wave A or 1 bottom below the prior wave 5 top and set the dot there?
And then, what value and scale parameters should I be using?
Help me git!? Puhlease?? lol
Gann fans.......I haven't even figured out how to apply a gann fan to my alpari MT4 chart. In the youtube vid below, Gary Stafford makes it clear that not only should the gan fan lay lines that do not move from one time frame to another but that many gann fan indicators are "off" and giving innacurate price lines. It's a good vid and he's done several on the gann fan. He states in his "W.D.Gann Free Lesson 1" vid that he's traded all his working life and he's "tried all technical analysis systems and reckons there's only one that makes you any money". That's pretty bold and may not be true, but I'm going to do my best to learn how to use the gann fan, and use it correctly.
Well it was an honestly dishonest gesture on my part to try and take all your, ahem......I mean try and send you all those meelions of zimbabwe dollars, but I can't insult you for forgetting your password, 'cause I forgot to trade conservatively this week and am down in my account by nearly everything I had made trading conservatively for the previous 4 weeks since I opened the demo account. Same ol', same ol.......adding too soon and too many lots. It's that dang simple, simple. I remember being hungry and tired and bored when I took the first bad entry. Good excuse, right?
What's your password SG, and I'll put the money right in there for you and maybe put a little extra in there while I'm at it for your being so trusting. Oh and you've won an ocean cruise btw......yes, you've won, and all you have to do is give me the password to your account! LOL
You should be charging for that remarkable and amazing ability for predicting price movement the way you do SG! I think I'll be sending a meelione zimbabwe dollars your way over the next month or two. That is unless you screw up like some sort of false forex prophet and give us a bum steer! LOL!
Hi git......have you spent any time on the subject of fib clusters and have you come across any indi or anything that allows for placing MTF fib lines on the MT4 chart? The fibs are fascinating...
Well stargate......I do see what you mean, but I'm unconvinced one direction or the other and that's some of why I'm all closed out of positions for the weekend. That plus the end to pre-market trading by Oanda which was the only real reason I opened an account with them to begin with. Maybe I'll go shopping for a new broker, maybe not, but I'm highly irritated that they ended it.
I think I'll give AU 100 pips movement on Monday then take a position the opposite direction and see how long before I make 100 pips or have to add to my losing position. lol
Thanks and same to you whatever07.....I'm not giving up on learning and obtaining enough skill to trade with SGs expertise, but I'm enough behind the learning curve right now that I'm sticking to longer time frame reversal hunts. So far so good, but not so great. If I can hit a steady 5 to 10% per week for 6 months on end, I'll feel I'm on my way to doing great. I'm gleaning enough from pennies chjarts and posts to be well on my way.
Adding every 50 pips was what got me that margin call stargate! LOL That's why I'm sticking to no more than a couple lots every 100 pips now. At least so far....
Ok, I see what you are saying now. Thanks.
Good morning SG........I'm hoping that over the next 4 hours I can get out around 1.016 so I can leave the week with enough gains to keep from feeling like the week was a waste. I wish I could scalp with your consistancy. I can't though, so for now its taking what I think are good entries at likely reversal points, preferably following extreme price movements and then waiting out the reversal, whether it be 10 pips or 200 pips.
Hey git! What tool or indicator is that you are using that gives you those lines? Is that a plain gann fan, or what? I'm referring to the 1x1, 2x1, 4x1 and 8x1 lines. If it's an indi, can you give the specific name of it so I can do a search for it?
Why do you say that stargate? I'm not implying that you are wrong, I just want to know what makes you say that.
No whatever07, you're right. It's not bad, but I'm trying to make up for lost time as I'm pushing retirement age and I'm hoping to have more in my account to maybe enjoy retirement to some degree rather than have to go back to work at some place like walmart just to cover medical, taxes and the basics.
I took a real beating back in March in my live account and that prompted me to walk away for a couple months. I'm back now with a different set of rules wherein I don't add before 100 pips price movement against my original position and if I do, I take profits off my 2nd position when I can as a scalp trade and then I definately don't add to the 2 trades until 100 full pips have set against my 2nd position. No more stacking heavy lots "knowing" that the price is about to turn in my favor just as it resumes trend and kicks my butt. I've had one margin call and that's enough for me.
And I'm still trying to find that comfort zone for lot size which I think will prove to be 5 to 7% margin risk per trade. I'm not sure yet.
Did everyone close up shop for the weekend already?
I'm sitting here watching the chart as I finally see some profit on the AU short I took at the begining of the week.
With the majority of it from secondary short position scalps, I'm up a whopping 1.5% for the week! How do you make a raspberry mouth noise in a post?
I'm shooting for 10% a week and so far I have yet to break 4% for the three weeks that I've been trading my demo account in prep of funding a live account.
Another half percent gain and I'll be making 10% in three weeks instead of every one week.
At least I'm not losing 10% a week I guess.
Thanks SG! After putting your same macd with your paramers below my three existing macd pincher windows, I can see where it's a necessity to have it there to help guage whether indeed the pinch is really ready to turn the price around.
Unfortunately I also noticed that just because you have a good pinch that's been going on a while, staying tight as the price moves, and then get a crossover of the fast and slow lines, the price still may not quite be ready to turn.
Fortunately however, it looks as if you can save yourself losses or giving up profits if you observe the change of the trend bias. The crossing of a candle over an established trendline can give a final signal of reversal while you've either been riding profits on the existing trend or waiting for a place to consider entering for a trend reversal.
The problem still remains during those shallow channels of price movement that seem to last forever while the price actually can move against you a fair amount over time yet make scalping very difficult; at least on the 5 minute chart. lol
So, it still seems that drawing lines off candle tops and bottoms to establish channels with their levels of support/resistance along with some good old wave counting is a must. As are drawing uptrending and downtrending trendlines for monitoring trend bias.
Alas, still missing the "final link". Missing that one magic indicator with which you can just turn it on auto-trade and turn the computer off as you wait for your millions to show up in your account. lol