Trading strategy(hidden)-find out-comment-food for thought

Can You Find Out The Strategy Behind These Charts?challenge To Smart Members (correction=post meant for juniors only, seniors excluded,but most welcome if they have freetime to spare willingly.please dont misunderstand)
--------------------------------------------------------------------------

Gents,
sometimes you have a trading strategy ready in front of you.

you need to see the chart,
figure out how and why the buy or sell signal is given

and write your commentary and post here.

Now I think horses which came so fast forward, will go backwards!!!!!!!!!!!!!

why?
because,nobody wants to think.
people prefer to keep their brain idle.

you want the proof?
wait a week and see the reply to this post then you will agree.
may be not on this forum
challenge round

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

4 charts

http://www.fastforexprofits.com/fx-ex-1.jpg

http://www.fastforexprofits.com/fx-ex-2.jpg

http://www.fastforexprofits.com/fx-ex-3.jpg

http://www.fastforexprofits.com/fx-ex-4.jpg

===================================
Hint

Here's how it works...

STEP 1: Look for a certain 'fool-proof' set-up on the MACD indicator. When this occurs you will have an early warning for the new direction of the market. At times this will get you into a trade way before the rest of the herd. (Hint: We are not simply waiting for the MACD to go above the zero line to buy)
The first step is designed to tell you if you should be a buyer or seller in the market This will put an end once and for all trying to figure out which way the trend is going.

STEP 2: Next we are going to look for a specific shape of a Japanese candlestick bar.(This is referred to as our 'Setup Bar')
This is a bar that is not talked about by traders as it is considered a non-event. They dismiss it as having no significance, but that is a big mistake because...

This candle-stick often precedes explosive moves and significant turning points in the markets. The kinds that can potentially lead to very healthy returns in your trading account. Don't worry if you know nothing about Japanese candlesticks as I will teach you everything you need to know in 10 minutes.

STEP 3: All there is left to do is look for a 'no-brainer' confirmation signal. This gives you the green light to jump in and take the trade.

STEP 4: Place a protective stop-loss order in the market.

STEP 5: Use one of the 3 exit strategies taught in you manual to milk the trade for maximum potential profits


---------------------------------------------------------------------
Find out the hidden clues
what is the set up bar?
at what condition,the buy or sell signal is picked up?
can you use this to trade stocks?

rvlv,

In response to your post here is my opinion,

1) There is no such thing as fool proof in the market, all though the same cannot be said about fools.

2) Candle or bars make no difference, and any specific candle formed does in no way predict following market action.

3) By the time you get a confirmation , it is way to late to enter a trade.

4) A protective stop is the only sensible point you have made so far.

5) What are these exit strategies you speak about.

I am sorry to say , I do not agree with a single entry shown in the charts and here is why,

Now for the charts you have posted:

Chart 1: I would have been short at the break of the base of the descending triangle long before the arrow marked, and the second short would be on break of the upward sloping trend line of the bear flag much later than the arrow.

Chart 2: Both the short and long entries are one swing too late.

Chart 3:

rvlv,

In response to your post here is my opinion,

1) There is no such thing as fool proof in the market, all though the same cannot be said about fools.

2) Candle or bars make no difference, and any specific candle formed does in no way predict following market action.

3) By the time you get a confirmation , it is way to late to enter a trade.

4) A protective stop is the only sensible point you have made so far.

5) What are these exit strategies you speak about.

I am sorry to say , I do not agree with a single entry shown in the charts and here is why,

Now for the charts you have posted:

Chart 1: I would have been short at the break of the base of the descending triangle long before the arrow marked, and the second short would be on break of the upward sloping trend line of the bear flag much later than the arrow.

Chart 2: Both the short and long entries are one swing too late.

Chart 3: You have missed the first down swing and are again too early for the second.

Chart 4: One swing too late.

Unfortunately I am unable to mark my entry points on the charts since they are jpg images.

I would also like to add that i do not use any indicator and trade off the candle or bar chart.

I would also suggest that instead of wasting your time in futile challenges you spend it more productively by going thru the various threads in this forum to better your technique.

All the best.

Other Seniors pls comment

RVLV,

Can the stupid fellows like me have some simpler set of challenges?
If it's not possible, please teach me all these stuffs.

Thanks in Advance.
--A Fool with bulletproof (This is what is called fool-proof, is not it?)

Hi guys,

Thanks to Vince. Grategul that you come forward to comment with an open mind and so willing to hold a torch for juniors like me.
I KNOW NOW who can help me!!!!!

It seems this post has hurt feelings of actrader.
actually this is only meant for junior members from a junior.

My humble apologies to actrader,senior member and any others who take it in a negative perspective or misunderstand the noble motive to learn from smart traders.

One thing I dare say is

the whole strategy is based on INSIDE BAR.
oNE more thing.

This forum is wonderful. Lots of things to learn.

My view

I am ready to tell what i think or feel.I am not shy to come forward and give my stuff or opinion. I know a drop in ocean but my motive is aim for a riverful.
keep learning.-my motto
rvlv

Hey!

No Hurt Feeling. Was just trying to pull a joke.
But yes by any standards, it was a tuff nut for me.
Nothing to apologise about for you but nothing at the same time to go deeper into the minds of somebody and try reading negativity.

Best Regards,
--Ashish

gents,

I am a junior. may be I am a bit immature.

Before I posted the post, my friend told me.

Those seniors will come and hammer you .

I told him--LOOK man,I dont think so. Maturity goes with seniority,nature to understand things in the real perspective comes naturally with age and experience. time will tell.
And what is my motive?
To provoke thinking in a new dimension and learn from it.
rvlv

The seniors did not come hammering cause you tried to post something new or a perspective to learn. They came 'coz of those full-proof claims as they fear that some of the other juniors may go on follow the sure-fire things and burn hands in fire.

And by commenting upon the maurity and negativity, really you are showing immaturity.

If the objective is to provoke learning, we dont sensitize the issue rather we start by asking questions. Hope it's clear what is sensitization and what is thought provokation. Besides, if there is a post in writeen words, people can't go & look into the minds and hearts of the writer of those words.

Best Regards,
--Ashish

It's good to see that now you edited the original post and removed the fool-proof and other claims. Now, it becomes a thought provocation stuff for everybody be a senior or junior of forum or the market.

Best Regards,
--Ashish