Nina stop worning those EW traders,someone have to lose in this game so we can win their money.IF we all win game will be over soon.

I have come from a place where time is a very important commodity. Nothing is free. Reading a bad signal service is not only a waste of time but as you have proved it a negative impediment of your trading judgement

Why would you subscribe to the service that you do not trust to begin with? Does it matter whether they are number 1 or 999999?

Let me say one thing the people who trade using anyone’s signal service will not make in this business no matter what. So as far as I am concerned they did not do any damage. There is a good saying – “It is better to have torturous end than an endless torture”. Translation – let them loose fast at least that might motivate them not to trade again if they cannot treat this as a business.

Hope you are not going to take it the wrong way but this business attracts fortune hunters and they all eventually loose money and most of them will blame someone else, you, me , broker, ew. It is irrelevant, never their fault


Do you blame it on EW? Why? Those are natural reaction of expectation of the trend end. Now, I called the end of Wave 4 myself at 1.8860 and I rode that wave 5 for 10 days. Made quite a good profit from it. But this week since Wednesday I was anticipating the end of the trend by all projections. So I am guilty as anyone. But I still traded setups and made pips even at the time I missed the trend wave, I made pips on profit taking wave (you do not have to provide number, all you have to do is participate).

But the point is EW is not about prediction, it is about market structure. According to Miner who you were quoting, EW are only available and clear 50% of the time. So anyone who is projecting the end of wave 5 are only using their emotions. What comes up must come down. There is nothing to do with EW and you should know that if you studied them. But EW could have helped you still trading the marker not predicting it as I described above as you knew how to interpret them rather than merely counting them


Again, why would you listen to anyone? Did your mama ever tell you not to listen to the strangers?

Does anyone know better than you how you trade? What your strength, weaknesses? Just because someone called a trade and let’s assume they came up with accurate and profitable entry, would that make this trade work and make you a long term successful trader?

Again the bottom line here whether you will make it or not depends strictly on you. If you decide to rely on others, do not blame them for bad calls, blame yourself for following it. And if they made a good call and you followed it, it is still you not them. Nobody can make fail, equally nobody can make you sucessfull before you take the responsability

In general, many treasure hunters looking for clarity and certainty in trading and turn to those service providers for their crystal ball predictions. But those people do not represent ew traders, they are just analysts who do their projections and have no accountability. I treat them the same way I treat MSNBC reporters. Do I listen to them? God forbid. I do not listen to anyone. I do not follow anyone. All the tools I use are customized for my own trading and not influenced by some market speculators who do not even trade their own accounts.


Have no idea what you meant but it sounds like you will stop speaking about the topic that you do not understand and that is very good for you and everyone who follows your system and thread

Dream on. Do you think you can take money from me? I am not sure what ew trader is, but I am sure you had something defined in your mind that does not exist in reality. Try not to loose your money, less worry taking it away from me

Here it's a PM to a member of the fórum i decided to share with members of this thread

He question for me, if i use other's tecniques combinated with the CatFx50 and the answer is yes... fictitious pips ? OMG!


A copy of the PM send to his inbox

Re: Hi mate!
See that images how i use the channel uptrendline to set an exit for trade, but i'm a student of this market i do mistakes frequently such less patience to might profit run! =/ particularly one of the most hard lessons to learn

As u can see below the continuation and reversal figures work well with entry's of CatFx50 be long or short, for exit example GBP/USD 11/30/2006 Yesterday (12/01 PM)

Overall vision of Uptrendline Channel exit point 1.9590 Daily Charts

http://img215.imageshack.us/img215/2...nelexitia5.gif

Target using the Channel Uptrendline exit after entry in 9500 CatFx50 signal

http://img300.imageshack.us/img300/9625/targetix3.gif

Regards

by cFm^

by cFm^

__________________
"A burrice é a pior forma de loucura"

by Nelson Rodrigues

Really?.
Dolly, dolly?

Oh, yeah, Dolly, yes. One of my old systems.

Long time have passed since I stopped the public improvement.

__________________

Hi, Linuxser!

Why did you stop the public improvement?

Nina

Hi, MainPip,

It would be very interesting if you could open a new thread here, at TSD, about EW. I mean, using EW to trade and not about if EW is good or bad.

As I see, you are a very smart, documented, talented trader. So, why don't you teach what you know to others?

Good luck.

Nina

Well, too many reasons.
In some part I can answer with the same reasons that I remember about Catfx15 implications and why did you decided to not publish them. And you´re fully right.

But, we´re here to talk about CatFX50 and how to make money with them.

Let the crowd with the reality shows.

__________________

where can i find us dollar index chart?
intraday based if possible
most i see in fxstreet is daily based

thanks

Hi!

I have it on Alpari: _DXY.

BTW, US DOLLAR INDEX needs to break 83,26 and hold then above 82,36 in order to avoid going to 80,33.

Friday close was at 82,48 and it made a low at 82,36. It broke support at 82,40, but it closed above.

Nina

Thank you very much for your compliment and your endorsement.

There are plenty of excelent threads related to ew teaching and learning in tsd (jonnydenver69), moneytec, strategybuilder, forex factory. There is no need for me to open another one nor am I as good of mentor as others.

The problem/trap most beginners will fall to that they need to have immediate results and simple system. Thetrefore, naturally they spent all their toime looking for a good and simple entry system rather than spending time with becomming a good trader and learning all required aspects such as psychology, momey management, trade management. Understanding that trading is a serious business is a beginning step. The beginners will never take the conmsistent money form the market for a very simple reason that market is not a charity and does not feed the needy and greedy.

EW will provide a very good overview of the structure of the market and the psychology of the participants. It will not do much for the accurate signals, you will need to develop other techniques but the confidence of the stucture it surely will give.

Since you endorsed Robert Miner, I will include to the link of his book that I uploaded. This is an excelent trading book and does not treat ew as holy grail, it does instead provide the accurate way to have ew as part of your own system. There are other great topics covered as well. So for any of you interested to become traders, that can be holy grail of becomming a consistent trader. No matter what you will follow.