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05-11-2009, 10:05 AM
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Posts: 487
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Quote:
Originally Posted by Cheo
4xis2ez,
Sorry, i got a bit thrown off course as 9th was on a weekend and so was 7th June.
Thats an intresting question, how do you trade that then, if the point falls on the weekend. Will the market react before or will the effect build up and show itself on the Monday? Do you fib projection in both calender days and traded days and kinda guess somewhere in the middle?
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Never use Delta to make trade decisions! I have made that mistake many times. Use it more of a confirming tool or to have a general bias to trade on. |
05-11-2009, 11:00 AM
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Posts: 796
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Quote:
Originally Posted by 4xis2ez
Never use Delta to make trade decisions! I have made that mistake many times. Use it more of a confirming tool or to have a general bias to trade on.
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that was y i was criticising it |
05-11-2009, 11:12 AM
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DailyFX Power Course Instructor
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Join Date: Nov 2007
Posts: 658
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Quote:
Originally Posted by abro
that was y i was criticising it
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Why criticize those methods you do not understand? There are thousands of ways to trade the market, but as individuals, each of us only have the ability to use a few of them successfully. To assume that since you do not understand the Delta Phenomenon means that there is no value in it does not mean that others will not be able to use it successfully in their approach to trading. Keeping an open mind is the only way to improve as a trader. Assuming that you have reached the top of your ability means that the only way to go is down.
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Last edited by Thomas Long; 05-11-2009 at 03:47 PM..
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05-11-2009, 11:44 AM
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Join Date: Dec 2008
Posts: 796
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Quote:
Originally Posted by Thomas Long
Why criticise those methods you do not understand? There are thousands of ways to trade the market, but as individuals, each of us only have the ability to use a few of them successfully. To assume that since you do not understand the Delta Phenomenon means that there is no value in it does not mean that others will not be able to use it successfully in their approach to trading. Keeping an open mind is the only way to improve as a trader. Assuming that you have reached the top of your ability means that the only way to go is down.
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hahaha yeah thats right . i have climbed the mountain looks like i will have to jump to get down . lol but infact he had made so many wrong decisions with delta thats why i was critisicing it . delta for day trading is useless and thats a fact , however if u want to trade long term style then i have no opinion
looks like the support was strong enough to pull the pound . i am long at 151 . i wish it breaks the resitance and rockets to 15350 atleast .
Last edited by abro; 05-11-2009 at 11:48 AM..
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05-11-2009, 11:53 AM
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DailyFX Power Course Instructor
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Quote:
Originally Posted by abro
hahaha yeah thats right . i have climbed the mountain looks like i will have to jump to get down . lol but infact he had made so many wrong decisions with delta thats why i was critisicing it . delta for day trading is useless and thats a fact , however if u want to trade long term style then i have no opinion
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To assume that what works or doesn't work for you applies to all traders shows that you have not climbed a mountain but just taken the first step on your path. If you have no opinion, then perhaps you shouldn't post one in the forum. I like the fact that traders are bringing new ideas to these forums. We are all here to improve and learn new ways of seeing the markets. Criticizing those new ideas is not what this forum is about.
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05-11-2009, 12:16 PM
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Quote:
Originally Posted by Thomas Long
To assume that what works or doesn't work for you applies to all traders shows that you have not climbed a mountain but just taken the first step on your path. If you have no opinion, then perhaps you shouldn't post one in the forum. I like the fact that traders are bringing new ideas to these forums. We are all here to improve and learn new ways of seeing the markets. Criticizing those new ideas is not what this forum is about.
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ah i see . i am always in a funny mood . now i wont criticize . maybe u r right i have taken the first step to climb a mountain . ok i also like to learn new things . as i learned trend lines only 2 weeks before and now i think i almost mastered it in every time frame . delta is not my type , however i wont criticze it or any other method in the forum ! |
05-11-2009, 12:34 PM
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DailyFX Power Course Instructor
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Quote:
Originally Posted by abro
ah i see . i am always in a funny mood . now i wont criticize . maybe u r right i have taken the first step to climb a mountain . ok i also like to learn new things . as i learned trend lines only 2 weeks before and now i think i almost mastered it in every time frame . delta is not my type , however i wont criticze it or any other method in the forum !
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Thank you...and good luck with your trading.
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05-11-2009, 03:08 PM
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05-11-2009, 04:19 PM
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Quote:
Originally Posted by abro
looks like the sterling wants to go up again
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you should better switch to CounterStrike again.. you might get shot  |
05-11-2009, 05:34 PM
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Hey FXNewb, are you still only trading gbpusd? I am also trading/watching gbpjpy and gbpchf.
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05-12-2009, 03:50 AM
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GBP USD - Delta Update
It's getting quite late for ITD 9 if it has not yet arrived, and thus I am not comfortable. Perhaps iITD 9 has already arrived and I ignore it!
Upon looking at price action, I am now seriously considering this attached Delta count. If 5260 is broken in the next few days, I will be using the attached Delta chart as my primary count. ITD 11 will be due at the end of May.
Last edited by cmellon; 05-12-2009 at 04:20 AM..
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05-12-2009, 04:23 AM
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here is my level chart 
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History Levels GBPUSD
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05-12-2009, 04:33 AM
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just waiting when it breaks the resistance line . it went just as i suspected
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05-12-2009, 04:44 AM
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Join Date: Mar 2009
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Quote:
Originally Posted by herman sucipto
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Already take 140 pips
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Learn Gartley & Elliot Patterns
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05-12-2009, 05:07 AM
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Join Date: Apr 2008
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Quote:
Originally Posted by cmellon
It's getting quite late for ITD 9 if it has not yet arrived, and thus I am not comfortable. Perhaps iITD 9 has already arrived and I ignore it!
Upon looking at price action, I am now seriously considering this attached Delta count. If 5260 is broken in the next few days, I will be using the attached Delta chart as my primary count. ITD 11 will be due at the end of May.
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There we go... new high made. This would be my Delta count, and ITD 11 high is due around May 27. Price target maybe at least 1.57XX |
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