Re: Design your own System like the Pros Do

61
Hi Guys,
Please accept my most sincere apologies for my tone of my previous couple of posts!!
I take full responsibility for the confusion that some are experiencing!!
Do not bicker amongst yourselves..each poster has legitimate concerns!!
I am totally responsible..no other member..your anguish should be pointed at me..I am the blame for this direction!!!!

Please let me try to explain.
I am bound by Contractual Obligations Limitations in what I can say..I am highly censored by business organizations that I have been and are currently a party to.
My lawyer Roy, told me to say that.
When I mentioned what I was trying to do here,my associates and Roy,thought I was completely mad....I can easily give reason to be sued(thats another thing from Roy)

In my opening sentence of this thread I said,,,that this was something completely different to what you had ever come across
It is not a thread that goes on and on developing a communal system..it is about you going to develop your own personal system for you.

The design of this thread was simply this.
I put up exercises..they are mainly aimed at developing your own confidence in yourself.
You start designing your own method of trading..each person as an individual away from this thread.
I put up some posts telling what things I found helped improve my trading,and then that was the end of it.

I thought it was a simple thing to do..but oh,no,Roy had to start telling me all the things I could not do..the legalese stuff..Bloody Lawyers!!

So I cannot put up a lot of stuff I wanted to say or do...that is why , the confusion in this thread now.

I thought of ways to circumvent these restrictions, by using jokes,stories etc to get my message across without causing Roy to have a heart attack.
BTW Roys fees have suddenly increased!
This has been very difficult for me to do..I did not expect it to be.

My uncalled outburst,which I am ashamed of,was aimed at myself not at a member or members..please re read this sentence.
It was me being frustrated with myself,I suppose to the limitations,my health and my genuine desire to help in your advancement.

If I may,
I would like to post things that have helped me personally make better decisions about trading.

Look to the little subtle jokes and stories I have posted in the past,to see if any hidden info might be there.
You might find helpful hints to the answers you are looking for.

AussieBeau


Re: Design your own System like the Pros Do

64
AussieBeau wrote: Sun Jul 16, 2017 11:42 pm Sorry RplusT,
I do not quite fully understand what you are referring to,my friend
AussieBeau
sorry, AB, I noticed that I should have made this clear. I have corrected my original message which was meant for Krealian99. I'm looking forward to another trading day tomorrow and materialize what I picked up from you together with what I have learned the past 5 years. My trading system is now complete. Almost nothing on the chart. Awesome! Can't be bothered with someone else trying to convince me that he is right. Thank you again and best wishes.

Re: Design your own System like the Pros Do

65
Hi Guys,
This post is to answer the query of members that posted about the spread.

Now, Remember how i purposely didnt mention about what the fractal mtf was to be used for.
Well,yes the spread was put up with the wrong info for a reason..Why?
Both the first exercise and my first post,I put a real importance on knowing the price/spread and your brain.
I even told you that it was not the most enjoyable exercise but it was necessary to your success and that it was used in
entry exit decisions.

Now, the reason I did that is this:
You had nothing to work with on the chart...you were not trading that first chart...it was simply to get you to look
completely at the chart using nothing but your brain to decide what was happening.
The majority of traders never look at a chart by just using their brain..
Some of you would have given up and left the thread,some of you decided that you wanted to put the effort in to go on.
The spread is very very important and yes the best traders do use it as a main help in entries exits

Now I will explain how to read and use the spread...
The spread is the bid ask price.
Most traders think it is there only to tell you how much you have to pay to take a trade...that is one part of it.
Well what else can I learn from it?
In very basic terms the spread is a reflection of confidence
Banks release or with hold liquidity into the market based on their confidence of the direction of the market.
When the market is not confident what is going to happen such as at news releases you will see the spread widen.
Usually about 10 minutes after news ,when the market gains again confidence you will see the spread regain its balance
again.
When the market has confidence the spread tightens.

Now I am going to post 3 charts as examples..after each pic will be a short explaination.
After these examples..the only way to learn What it is doing is to load up your exercise chart and watch til you pick it
up...you absolutely must learn this if you want to achieve what I promised you , being able to trade a blank chart OK


The pics on this post were taken one after the other
candle is green- price 78209 color magenta -spread color green o.9 base
means bull diection candle-strongest last cash input was by the bears -spread is green 0.9 meaning market has confidence in
current bull direction
So what happens next
candle is green-price is magenta-spread color green 1.00
means still bull direction candle-price has risen to 78214 strongest last cash input is again bearish-spread is now widened
a little to 1.0 but still within 0.1 distance from base 0.9 ,but be very careful with any S/R around as it is showing that
its not looking to strong (remember confidence) to break thru a S?R
So what happens next

candle is green - price is magenta 78217 - spread green 0.8
means its still bull direction candle price has risen 3 pips but still bearish biggest cash input - spread is green bullish
but has now dropped tightened by 0.2 to 0.8,,strong confidence in direction signalled,it has reached a s/R and if it
tightens further a good chance of breaking thru


I hope you can now understand why I left this to last..it is basically ongoing homework.
You have now gained enough confidence within yourself to be able to master the spread using your brain...no indicator could
do this except your brain.
Can you see the potential for entries exits?
This is one of the things that top traders use...would you call this a good edge?

You now have ALL the tools to be a 5%er dear traders....my work as a teacher is now complete.

Over the next day or 2 I will just share the things that have helped me if you like....we are now trader trader instead of
trader teacher OK

I will give you til Friday and then I will show you how I trade a blank Chart.

I hope you have found this course beneficial

Aussie Beau


Re: Design your own System like the Pros Do

67
RplusT
Thanks for clearing that up for me,my friend.
For a moment the opening "Yawn......',I thought meant that you found my post boring.
May I ask of you,my friend and ALL members that post in this thread not to refer to other members..I really do want to keep any posibility of arguments out.
AussieBeau

Members...On the chart that I showed Spread examples..No Need to have the Bid/Ask Box open...the price is the same color..it was just put there as an example.

Re: Design your own System like the Pros Do

69
RplusT wrote: Mon Jul 17, 2017 6:13 pm ok, AB, duly noted! Nice to see you back. Trading naked (almost) is the best decision I ever made. With your input I just do get more out of it.
Thank You RplusT..keep on going you will go from strength to strength
..all up to how much you want it and how much effort your willing to put into it.
This is Basic but not Easy..tip the more chart hours you put in the better..not trading is still trading my friend.
AussieBeau

Re: Design your own System like the Pros Do

70
AussieBeau wrote: Mon Jul 17, 2017 3:55 pm RplusT
Thanks for clearing that up for me,my friend.
For a moment the opening "Yawn......',I thought meant that you found my post boring.
May I ask of you,my friend and ALL members that post in this thread not to refer to other members..I really do want to keep any posibility of arguments out.
AussieBeau
Yes, that's right. Everyone has his own opinion about trading, everyone has (or should have) his own system. Is one opinion better than the other ? Who knows that ? It doesn't matter, one opinion can lead to a good system, another different one can lead to a good one too. And some people share their opinion in order to help. No big deal.


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