Question about Forex Trading Journals

[hhiusa]

In some of the most viewed trading journals, people post graphs after the fact with a lot of colored squiggly lines. I am assuming that the dotted and squiggly lines are indicators although they are not labelled. There is no real mention of an entry or an exit. There is also no mention of the lot size. I have tried asking questions to the thread starters for some explanations, but to no avail. They tell you to read the entire thread. One should not have to read the entire thread to understand a post. People always attack you if you question their methods.

Could somebody explain those charts and graphs to me?

 

[timsk]

Could somebody explain those charts and graphs to me?

Hi hhiusa,
You know me, I'd like to help if I can but, before I do, let me check that I've understood you correctly.

Are you wanting me - or any other member - to read an unspecified thread that you can't be arsed to read and look at the charts to suss out what's goiing on and then explain it to you to save you the trouble of working it out for yourself?
Tim.

 

[hhiusa]

Hi hhiusa,
You know me, I'd like to help if I can but, before I do, let me check that I've understood you correctly.

Are you wanting me - or any other member - to read an unspecified thread that you can't be arsed to read and look at the charts to suss out what's goiing on and then explain it to you to save you the trouble of working it out for yourself?
Tim.

It's not that I can't be "arsed" to read it (whatever that means). I have read it but there is not much to read. It is mostly pictures. I am not referring to just one thread in particular. There are many threads like this and I figured I must be missing something.

The graphs have many lines and boxes, both dotted and otherwise, but very few annotations. If you have read these posts and find them self-explanatory, please, by all means, point me to them.

 

[gerryg]

Hi hhiusa,
You know me, I'd like to help if I can but, before I do, let me check that I've understood you correctly.

Are you wanting me - or any other member - to read an unspecified thread that you can't be arsed to read and look at the charts to suss out what's goiing on and then explain it to you to save you the trouble of working it out for yourself?
Tim.

Probably it was rather a rhetoric question from TS.

Yes I agree with him, posting after the fact "explaining" a trade with jerky colored drawing (though it could be explained with thousand of other methods) doesn't carry much sense.

Aww, got a solution for TS issue - DON'T read these threads, just ignore them. And both with be happy

 

[hhiusa]

Probably it was rather a rhetoric question from TS.

Yes I agree with him, posting after the fact "explaining" a trade with jerky colored drawing (though it could be explained with thousand of other methods) doesn't carry much sense.

Aww, got a solution for TS issue - DON'T read these threads, just ignore them. And both with be happy

Ignoring the threads is a good idea. I am still curious. What is the purpose of the "jerky colored drawings"?

 

[timsk]

. . .The graphs have many lines and boxes, both dotted and otherwise, but very few annotations. If you have read these posts and find them self-explanatory, please, by all means, point me to them.

Hi hhiusa,
If you're making a serious point - which I think you are - to help pin the tail on the donkey, please provide a few examples to illustrate your point.

On a general note, I've lost count of the number of posts I've read (be they charts or text) which have left me wondering why the poster concerned bothered to post them. However, I accept that just because the posts may look pointless and meaningless to me, it doesn't necessarily follow that other members will feel the same way. Even if the only person who thinks the posts have purpose and value is the author themselves, they could have value.

I debated this last point with tar quite recently when I suggested something to the effect that T2W is a discussion forum to enable members to help and support one another in their trading lives. Therefore, members who engage in extended soliloquies and don't expect or even want any replies - aren't making useful contributions to the forum. His response was that if members wish to use the site as a sort of online journal to help them maintain focus and discipline etc., then that is surely valid and worthwhile. I take his point.

So, coming back to your main point, it may just be that the posts you have in mind are purely for the benefit of the person who posted them and not for anyone else.
Tim.

 

[Hency Corniey]

Good thread. Yes I have seen that many of them using colored squiggly lines. But I think this just to drive attention to the readers.

 

[Oscar Reed]

Ignoring the threads is a good idea. I am still curious. What is the purpose of the "jerky colored drawings"?

Curious
Man love mate.

https://www.youtube.com/watch?v=XZV..._XukoiaQKqpoK5X5sdfKXQvEhGWZnojOZaDQzL6SSFcxQ

See U later

 

[Forexmospherian]

It's not that I can't be "arsed" to read it (whatever that means). I have read it but there is not much to read. It is mostly pictures. I am not referring to just one thread in particular. There are many threads like this and I figured I must be missing something.

The graphs have many lines and boxes, both dotted and otherwise, but very few annotations. If you have read these posts and find them self-explanatory, please, by all means, point me to them.

Hi hhiusa

Re - your highlighted part from a recent comment you made.

I totally 100% agree with your comment - you are missing something ;-)

Still it is up to your fellow members on t2w to assist you and help you understand what you are missing by not understanding the point of these FX threads with all the pretty pictures and squiggly lines with hardly any explanations.

I orginally thought you might be just be refering to my own FX journal - as you had already commented that they were full of pretty pictures and suggested that maybe I should look at using them further and write a childrens book.

I thought about your comment but now you have confused me further. If you cannot understand them, well how will children be able to understand them ?.

I have mentioned several times mainly at the start of my last thread and this latest FX trading journal, my comments and free teaching are not really for trading newbies. Ideally you need at least 12 to 18 months of previous FX trading experience - ie understand how to trade on both a demo and live account and also have knowledge of all main chart indicators as well as technical analysis & trading theories such as maybe Elliot Wave, Gann , Fibonacci, Andrews PF, Ichimoku, and with you being from the USA maybe Wyckoff and Granville - ie explaining the importance of trendlines and the "golden and death" crosses etc etc.

Most newbie trader give up before 18 months or 2 years and so thats why I dont want to waste time with traders who might really be just "chancers" and not wanting to continue with a trading journey that might not start to give them the rewards they are looking for until after 3 or 5 yrs - or even longer.

Dont worry about this hhiusa though, I have had one member here fromT2W who admitted after nearly 7 years he is still no farther forward with FX intraday trading and therefore my thread may as well be in a foreign language - as he needed far more explanations and assistance.

As Timsk has already said - if this is a serious request, then I am quite happy to invite you onto the journal and explain more as well as give you examples of trades in advance of their conceptions along with all the technical reasons why this should happen.

As a typical example on my Friday Journal - I made the following comment at the London Open -

EU

8 04 am

Remind me not to keep dissing this pair as now and again it does move OK

This morning it cannot so far make over 1066 -70 price area

Its peaked for now with a LH at 66 to 68 over 4 hrs ago and so it a scalp sell below 1060

Supports -1040 - 1020 - 1000 - 0990/80


I then commented at 8 42 am UK time and at 8 57am showed one of those pretty squiggly pictures of the EU showing the sell off

I finished early yesterday - being a Friday - but over the course of day it dropped over 140 pips. Now my entry was from a 5 pip stop - I did not leave full scalp stakes on all day - but did a PPND on it over approx 8 hrs.

None of this will make sense to you - but the end result was a very profitable sell trade with RR's normally only dream about over weeks or months - not just on one trade in one day

I must also mention that I dont share my private trading account details with any other traders etc - as they are private and confidential. You have also commented on me several times that I have a tendency to brag - so now you must appreciate the other side of my nature - ie being very helpful and also not wanting to show off by discussing that word - Money ;-)

Please let me know if you would like an invite on to the trading journal so that you can comment and understand the methods I use to make consistent daily profits by FX Intraday trading

Best Regards


F

 

[hhiusa]

Since @timsk asked, I will start with your post since you supplied one.

As Timsk has already said - if this is a serious request, then I am quite happy to invite you onto the journal and explain more as well as give you examples of trades in advance of their conceptions along with all the technical reasons why this should happen.

As a typical example on my Friday Journal - I made the following comment at the London Open -

EU

8 04 am

Remind me not to keep dissing this pair as now and again it does move OK

This morning it cannot so far make over 1066 -70 price area

Its peaked for now with a LH at 66 to 68 over 4 hrs ago and so it a scalp sell below 1060

Supports -1040 - 1020 - 1000 - 0990/80

This is not an explanation of anything. Is the purpose of your thread just speculation?

Describing price action is not the same as making a trade. Not once in there do you mention where you bought it clearly. You also do not mention the lot size.

I then commented at 8 42 am UK time and at 8 57am showed one of those pretty squiggly pictures of the EU showing the sell off

You should learn to be more specific. Market sell-off? your sell? Where do you actually post that you sold it? You do not include a lot size. You did not include any pertinent information by my standards.

I finished early yesterday - being a Friday - but over the course of day it dropped over 140 pips. Now my entry was from a 5 pip stop - I did not leave full scalp stakes on all day - but did a PPND on it over approx 8 hrs.

I really do not care about the extended commentary on price action. I am looking for you to explain about the squiggly lines? I am also looking for you to explain where and how much you bought and where and how you sold?

Hi hhiusa

Re - your highlighted part from a recent comment you made.

I totally 100% agree with your comment - you are missing something ;-)

I have mentioned several times mainly at the start of my last thread and this latest FX trading journal, my comments and free teaching are not really for trading newbies. Ideally you need at least 12 to 18 months of previous FX trading experience - ie understand how to trade on both a demo and live account and also have knowledge of all main chart indicators as well as technical analysis & trading theories such as maybe Elliot Wave, Gann , Fibonacci, Andrews PF, Ichimoku, and with you being from the USA maybe Wyckoff and Granville - ie explaining the importance of trendlines and the "golden and death" crosses etc etc.

Most newbie trader give up before 18 months or 2 years and so thats why I dont want to waste time with traders who might really be just "chancers" and not wanting to continue with a trading journey that might not start to give them the rewards they are looking for until after 3 or 5 yrs - or even longer.

Once again, you are stating fluff. This is completely irrelevant to what I am asking. I am not interested in how great you think that you are compared to other traders.

Dont worry about this hhiusa though, I have had one member here fromT2W who admitted after nearly 7 years he is still no farther forward with FX intraday trading and therefore my thread may as well be in a foreign language - as he needed far more explanations and assistance.

This is typical of your arrogance. If you noticed in this thread, I was not the only person who noticed this abhorrent behavior in the trading threads forum. I had posted a comment to you about your thread on another thread to jokingly deflate your ego as you would not stop bragging as you are doing here again. You cannot seem to help yourself.

 

[hhiusa]

Good thread. Yes I have seen that many of them using colored squiggly lines. But I think this just to drive attention to the readers.

It is highly probable. I just wanted to address what I saw as the elephant in the room. Your thoughts?

 

[hhiusa]

Hi hhiusa,
If you're making a serious point - which I think you are - to help pin the tail on the donkey, please provide a few examples to illustrate your point.

On a general note, I've lost count of the number of posts I've read (be they charts or text) which have left me wondering why the poster concerned bothered to post them. However, I accept that just because the posts may look pointless and meaningless to me, it doesn't necessarily follow that other members will feel the same way. Even if the only person who thinks the posts have purpose and value is the author themselves, they could have value.

I debated this last point with tar quite recently when I suggested something to the effect that T2W is a discussion forum to enable members to help and support one another in their trading lives. Therefore, members who engage in extended soliloquies and don't expect or even want any replies - aren't making useful contributions to the forum. His response was that if members wish to use the site as a sort of online journal to help them maintain focus and discipline etc., then that is surely valid and worthwhile. I take his point.

I understand that the journals allow you to create restricted threads. No thread that was created outside of the trading journals, managed to stay spam-free. I also do not understand the posting of videos in threads unless it is the "what are you listening to?" thread or "what are you watching?" thread.

So, coming back to your main point, it may just be that the posts you have in mind are purely for the benefit of the person who posted them and not for anyone else.
Tim.

This may very well be. That does not bother me. If somebody told me that that was the case, I would drop the matter.

I am not looking for an answer to say that something is right or wrong. I have read through a few journals. If the purpose of the journals I am reading is not about trading and is more about being a diary, then it is my mistake. In the beginning the journals do give the impression that there will be real trading going on. This is where my question stems from. While I am interested in the graphs that they post, it is a side note to my more pertinent question. I cannot find the beginning of the trade nor the end of the trade.

As evidenced here, there are a lot of graph with lines and some of them have what I think are stop-losses and take-profits annotated on them, but no explanation of entry or exit. They do not state or show on a graph what the buy or sell price was. The commentary below the graph describes price actions only. They occasionally say how they are x number of pips up. Obviously, that means that a trade has transpired, but when? Nobody posts the time or lot size? Is there some unwritten rule that they all trade exactly the same lot size?

http://www.trade2win.com/boards/trading-journals/208936-master-class-fx-intraday-trading-f-co-884.html

http://www.trade2win.com/boards/trading-journals/209844-slayers-notes-60.html

 

[counter_violent]

Since @timsk asked, I will start with your post since you supplied one.



This is not an explanation of anything. Is the purpose of your thread just speculation?

Describing price action is not the same as making a trade. Not once in there do you mention where you bought it clearly. You also do not mention the lot size.



You should learn to be more specific. Market sell-off? your sell? Where do you actually post that you sold it? You do not include a lot size. You did not include any pertinent information by my standards.



I really do not care about the extended commentary on price action. I am looking for you to explain about the squiggly lines? I am also looking for you to explain where and how much you bought and where and how you sold?



Once again, you are stating fluff. This is completely irrelevant to what I am asking. I am not interested in how great you think that you are compared to other traders.



This is typical of your arrogance. If you noticed in this thread, I was not the only person who noticed this abhorrent behavior in the trading threads forum. I had posted a comment to you about your thread on another thread to jokingly deflate your ego as you would not stop bragging as you are doing here again. You cannot seem to help yourself.

We think F is running some sort of squiggly line cult.
Many members have taken him to task over the issue but none of his disciples ever break ranks. Maybe they have to sign something !

Anyway, you know all about cults in the US, so no need for me to explain.

 

[Forexmospherian]

Since @timsk asked, I will start with your post since you supplied one.



This is not an explanation of anything. Is the purpose of your thread just speculation?

Describing price action is not the same as making a trade. Not once in there do you mention where you bought it clearly. You also do not mention the lot size.



You should learn to be more specific. Market sell-off? your sell? Where do you actually post that you sold it? You do not include a lot size. You did not include any pertinent information by my standards.



I really do not care about the extended commentary on price action. I am looking for you to explain about the squiggly lines? I am also looking for you to explain where and how much you bought and where and how you sold?



Once again, you are stating fluff. This is completely irrelevant to what I am asking. I am not interested in how great you think that you are compared to other traders.



This is typical of your arrogance. If you noticed in this thread, I was not the only person who noticed this abhorrent behavior in the trading threads forum. I had posted a comment to you about your thread on another thread to jokingly deflate your ego as you would not stop bragging as you are doing here again. You cannot seem to help yourself.

Guess you dont want an invite to comment on my journal ;-)

With regards to Ego -

I fall short on being a fully blown "egomaniac" as I dont presently have all the qualities - especially the "selfish " and "difficult" parts

Maybe you could give me some tips in exchange for "Squiggly line multi cross overs" that are "leading indicators" and happen on my set up prior to the actual change in price action resulting in a being able to take a high probability intraday trade.

Best Regards

F

 

[hhiusa]

We think F is running some sort of squiggly line cult.
Many members have taken him to task over the issue but none of his disciples ever break ranks. Maybe they have to sign something !

Anyway, you know all about cults in the US, so no need for me to explain.

No thread that was created outside of the trading journals, managed to stay spam-free.
:smart:

 

[timsk]

Hi hhiusa,

I understand that the journals allow you to create restricted threads. No thread that was created outside of the trading journals, managed to stay spam-free. I also do not understand the posting of videos in threads unless it is the "what are you listening to?" thread or "what are you watching?" thread.

I'm not sure how this relates to the points made in my last post or how you're wanting me to respond. Perhaps it doesn't and perhaps you don't? Anyway, as to the reasons why members post the content they do - that's something you'll have to ask them.

. . . As evidenced here, there are a lot of graph with lines and some of them have what I think are stop-losses and take-profits annotated on them, but no explanation of entry or exit. . .

Forgive me, but I'm not going to wade into a spat between you and FoMo. If that's actually what lies behind this thread, then I've got the wrong end of the stick, as I thought you were making a more general point.

Regarding the second link, it appears to be to a post by dbphoenix which contains a link to an Investopedia page about short covering. Another member asked for an explanation about it and he provided it, so I'm afraid I don't understand it's relevance to this thread?
Tim.

 

[counter_violent]

No thread that was created outside of the trading journals, managed to stay spam-free.
:smart:

That's all to do with "journals permissions".
If you are not on the thread starter's cult list/friend list, then you cannot post. (no right to reply) This leads to the situation where the thread starter and the cult members can say whatever they like and no one can take them to task !

This situation is of course completely wrong and I have taken the issue up with Admin many times, to no avail.

 

[NickBk]

That's all to do with "journals permissions".
If you are not on the thread starter's cult list/friend list, then you cannot post. (no right to reply) This leads to the situation where the thread starter and the cult members can say whatever they like and no one can take them to task !

This situation is of course completely wrong and I have taken the issue up with Admin many times, to no avail.

Why is it wrong for a group of like minded people to share some comments, dialogues and ideas without people coming to tell them how wrong they are? They are not selling anything and affecting anyone else why does it trouble you so much?

It is good to see that admin have a different view on the subject which probably means it is not as wrong as you think.

 

[Forexmospherian]

That's all to do with "journals permissions".
If you are not on the thread starter's cult list/friend list, then you cannot post. (no right to reply) This leads to the situation where the thread starter and the cult members can say whatever they like and no one can take them to task !

This situation is of course completely wrong and I have taken the issue up with Admin many times, to no avail.

Hi C_V

I actually agree with your comment - and I have found it frustrating in the past when I would like to post a comment on another journal and of course I am not on their list to be able to comment

With regards to my own original thread - all T2W members had approx 22 months to comment and try and destroy my theories and FX trading method. My main weakness was not disclosing or posting my own live trading results and instead requested other followers of the method who were learning the method to post their results. Major Magnum a follower and student of the method for over 2 years started posting live account results from a $1k account many times ( actually 44 times in total ) but of course many said they were faked and paint shopped which again was untrue.

I had mentioned to him that averaging between 15 and 25% ROR on capital - per day was not really sustainable - even only using 2% stake size - and that some days he might struggle to make even 8 or 10%. All of these results did not involve compounding and of course again that would confuse so many other T2W members.

Since then at least 4 other followers have posted their live account results - all on small capital accounts. I have advised Major M and other followers to not post their accounts once they are trading on larger size ( ie 1 lot + ) and with a larger capital base

I really do miss my old thread - I enjoyed the banter and even the off subject topics - but at least now with the trading journal - followers can relax and not feel under pressure of other members saying this F guy is a nutter - and "running a cult" and that you are all silly to try replicate what he is doing.

I would welcome every month any member who wants to comment on my journal - either seriously or just to have a dig or a diss to have a temporary pass for say 1 week only - and in return either myself or a follower or student of the method could try and answer their comments etc


Regards


F

 

[hhiusa]

Hi hhiusa,

I'm not sure how this relates to the points made in my last post or how you're wanting me to respond. Perhaps it doesn't and perhaps you don't? Anyway, as to the reasons why members post the content they do - that's something you'll have to ask them.


Forgive me, but I'm not going to wade into a spat between you and FoMo. If that's actually what lies behind this thread, then I've got the wrong end of the stick, as I thought you were making a more general point.

Regarding the second link, it appears to be to a post by dbphoenix which contains a link to an Investopedia page about short covering. Another member asked for an explanation about it and he provided it, so I'm afraid I don't understand it's relevance to this thread?
Tim.

This is not a spat between FoMo and I. He just likes to make everything about him. I am making a serious point. I do not understand how you cannot see the relevance. I did as you requested.

You said to point you to post that do what I stated earlier. I did. F decided to post here so I addressed his post. Fomo did not answer my questions. You can call it a spat if you wish but it irritates me when people post stuff when they know it's not an answer to my question. It's fine if everyone is apparently drinking the same Kool-Aid.