Magical oscillator indicator 7 replies
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zulemara's trade journal...A "magical" journey to wealth 6 replies
Bernanke....a magical tongue?? 5 replies
Disliked{quote} EURUSD SupDem D1 zone at top (I have it on but check if the zone is correct in my opinion and look for zones the indy didn't paint) The blue boxes represent consecutive H4 bull candles, pink are bear. (momentum, down in this case) By the way, it fell and keeps falling: {image}Ignored
Disliked{image} {image} Stale Wind bending time allows us to make sense of the market Unfortunately, as Stale Wind is still based on broker bullshit bars it isn't 100%. H4 charts are just a quick shorthand to prevent thinking. On H4 look for combinations, blocks of things make it easier for our tiny minds to comprehend. On my EU charts, shows a clear failure of just relying on H4 charts: combined H4 longs had not been overcome on my charts - the last move up was only singular, which is where it unfortunately becomes art and not mechanical. It becomes apparent...Ignored
DislikedBut...if you have it wrong, your stop is where? 7 pips away...no, no, no, no, no. I'm being serious for once. In your example, H1 shows the break of 1 H1 demand zone (ok), then sharp momentum down (good) which pierces the next H1 demand zone too (2xH1 demand zones, hey that might be something of relevance), there's a reaction back to new supply with less momentum up than down - so price is going down. The day chart: 3 factors saying the daily supply zone may be a good one 1. Amount travelled from the area, 2. How quickly it left the area:...Ignored
Disliked{quote} Provided you have a hypothesis in place, the logical place for a stop-loss order would be at the opposite side of the supply/demand zone. If your hypothesis is correct, then the market shouldn't go there. If it goes there, then you've got something wrong. However, that's just another hypothesis. Maybe I've got something wrong. How do you put a stop order on a forum?Ignored
Disliked{quote} Yeah - the daily zone, not the newly formed hourly one, put it there and you're asking for trouble. Put your stop where price has already proven where it does not want to be, out of harms way, outside of the current range.Ignored
DislikedYou will think this harsh no doubt: You're from Canada? Are you a native English speaker? If so, no baby sitting. If you don't understand what 'tends towards zero' means you shouldn't be trading. Trading is a hard game. get used to it.Ignored
Disliked...what was it, trade 1 was 8U? (make it 6 then), trade 2, so far is at 4U?? I think. Let's subtract losers, say I lost 4U per week on average, and that is HIGH. So that's 6U (6 friggin' U profit per week and that's with seriously downgrading numbers) for doing next to nothing. That's 6U per week back into the pot, compounding. Even if you only use 0.5% per U, that's 3% per week compounding. If your account to start is only a lousy £10,000 That is £36,000 in year 1. That's too slow?? Not enough money for you? Well look at the numbers again, does that seem realistic? GREED is your problem my friend. Or continue risking 1% on a 7 pips stop (instantly giving 0.5% to your broker even if you win the trade!) and then losing losing losing anyway...Ignored
DislikedGU done another 30, hey you can't win 'em all..but if you don't take profit, at some point you will have it taken away, plus you can't resize and get back in later. It's not about hitting home runs.Ignored