Greetings! Any of the three, maybe four people on this thread "in the know" willing to confirm whether or not these were proper entries? Sure the trades worked out nicely but if the entries were not correct it does not matter. I've been studying the theories presented in the two threads for a while now, studying charts until my eyes feel like they are bleeding, running charts through strategy tester to watch price action unfolding around certain target areas and studying the posts in George's thread over and over. While I can grab these kinds of trades fairly regularly, I'll often get caught by grinders only to have my profits ripped to shreds. Always two steps forward and one or two (or more) steps back. I'm still missing something and I wish I know what it was, or at least what I need to focus on so I can figure it out. And no, the entry decisions go much deeper than the price simply entering the TMA bands on the chart below. Would love to know if I am getting any closer. PM if fine too, actually preferred. Cheers!
You guys know that movie Back to the future?
This thread is like Back to the past, where people show up everyday to predict last day price.
Predictions for tomorrow!!!!!
GU went up then down
Can you go to a hospital and perform an operation on a patient when you are in your first year of medicine study at a university ????
Why are you so hard on yourself ???
How long have you been involved in this trading game ????????????
My suggestion is ,,
Allow 5 years to GRADUATE properly in this game ,,,
It gives me hope when you say 'allow 5 years', after 2 years, I'll be honest, I am not profitable (yet)....
I'm guessing for many, their journey is similar to mine; the first 2 years is reading everything you can get your hands on, watching every video you can watch, backtesting countless strategies, testing money management strategies, trying to figure out what works and what doesn't. Loading up indicators, taking them all off, testing EAs and then throwing them all out and test some more, back and forth... Trade the market get burned, back to the drawing board, reading, watching and then Trade again; get burned again, back to the drawing board.... vicious cycle.
It comes to a point now where one (me) recognizes that it is time to narrow it down, filter the noise- even unlearn in order to recognizing the (algorithmic) nature of the market and creating some simple edges around this along with money management, rules, focus, simplifying and above all:
Another view.... Does the algo know where these orders are? Moving from clusters to cluster? Often it is noticed that orders taken out to the PIP and reverse.... other times orders are blasted through to the next layer, taking out old and new orders.
FORGIVE THE TYPO in first photo,, it is HIGHS FROM 2012 and not 2010 :/
Added a new photo to show older orders absorbed... Where is price going next?
That was a trade myself and Zoltan took last night and it was a easy low risk trade and a nice win. The TMA bands offer a signal of price expansion in relation to a ADR setting. That maybe your problem, The ADR Does no offer reliable signals from which we can trade from, we need to see exhaustion occurring outside of a grind or a hit on a target. I hunt moves that are inbalanced in relation to the grind shape or just a strong reaction at a major target.
The TMA is just a warning indicator to pay attention and look out for a target.
And to all who are interested in listening
Reality is NOT as bad as it seems and sounds ,,,,
I made a very clear and precise post on the project ,,, in which i said ,,
ONE SHOULD NOT TRADE A LIVE ACCOUNT ,, UNTIL ,,,
THEY MASTER THE GAME ON A DEMO ! ! !
THE CHARTS ARE AL THE SAME ,,,
DEMO OR LIVE ,,,,
IF ONE CAN NOT ESTABLISH AN FULL KNOWLEDGE OF WHAT IS GOING ON IN THIS AMAZING GAME ,,,
AND ,,,, BE CONSISTENTLY PROFITABLE ON A DEMO ACCOUNT FIRST ,,,,
THERE IS NO WAY IN THIS WORLD THEY WILL BE ON A LIVE ACCOUNT ! ! !
FORGET THE BULLSHIT ABOUT PSYCHOLOGY OF LIVE TRADING ( AT AN EARLY STAGE OF TRADING ) ,,,, ATLEAST UNTIL ,,,
ONE CAN MASTER THE GAME ON A DEMO ,,,,
THE PROCESS IS AS FOLLOWS ,,,
WE LARN THE GAME FIRST ,,,,
IT IS CALLED ,,, KNOWLEDGE ,,,,
WE USE THAT KNOWLEDGE IN PRACTICAL TRADING APPLICATION ( ON A DEMO ACCOUNT ) ,,,,
THAT WILL GIVE US THE NEXT STEP CALLED ,, EXPERIENCE ,,,,
KNOWLEDGE IS NOT THE POWER ,,,
IT IS APPLICATION OF KNOWLEDGE THAT IS POWER ! ! !
WE WILL NOT ACHIEVE FULL SUCCESS WITHOUT BOTH OF THE ABOVE ,,,,
WE THEN PUT THAT KNOWLEDGE AND THE EXPERIENCE INTO ACTION PRACTICAL ACTION ( ON A DEMO ACCOUNT ALSO ) ,,,,
AND WITH ,,, "" TIIIIIIIIIIME """
WE WILL ACHIEVE THE ULTIMATE SUCCESS ! ! !
This is the process that need to applied to everything in life ,,,,
NOTHING HAPPENS OVERNIGHT ,,,
EVERYTHING HAPPENS OVER ,,,, """ TIME """ ! ! !
TIME IS THE ESSENCE OF EVERYTHING IN LIFE ! ! !
I hope this will lay out a PSYCHOLOGICAL ROAD MAP for yourself and others ,,,
This is based on my own HUMBLE OPINION ,,, and ,, PERSONAL EXPERIENCE ,,,
In both normal business life ,, and ,, my trading Journey ,,,
Hello there ,,
Please read my latest post on the project ,,,,
Howdy Mik ,,
Quite a while ago I used to trade the pullback , BUT ,, ONLY cause I got the runs at their birth ,,,
So ,,,,often I was getting the reversals from the beginning ,,,, as I always like getting the best seat in the house ,,,
BUT ,,, Now things have changed dramatically ,,,,
Although I am not getting the best sea in the house ,,, except now with the full knowledge as to WHY ,,,
I think U better read my latest post in the project I quoted in my previous post here to erran,,,
There has been a game change at play ,,,
11.8%; 23.6%; 38.2%; 50.0%; 61.8%; 76.4%; 88.2%
123.6%; 138.2%; 161.8%; 200.0%; 238.2%; 261.8%; 300.0%;
338.2%; 400.0%; 423.6%.
Momentum in action GJ: General downtrend Н4: МА7 below МА20 and below МА200.
H1 here the price fell below MA7 and below MA20, while MA7 was above MA20
H15 here, MA7, along with the price, crossed MA200, while MA20 is higher than MA200 ... momentum is up until MA20 crossed MA200
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