Be a seer, not a looker!
Ata's Trend Hunter V3.5 All Time Return:
76.7%
LIVE Trades Only : EURUSD & GBPUSD 122 replies
Strategy behind 1 EA (buy only) and 1 EA (sell only) 2 replies
Trading EURUSD only 43,752 replies
Eurusd-5m Trading Only 109 replies
Script to change EA to long only/ short only at a price level? 1 reply
DislikedShorted 1.1692 based on anticipation! SL: 20 pips TP: Open Stay GreenIgnored
DislikedGuys, take a step back and look at the bigger picture. You cannot predict future movements by watching microscopic trends. If you take a look at the daily you will notice the downward pressure pressing down against the support line in the 1.15s. If this daily closes above 1.1720, we could experience a massive breakout upwards and go through another uptrend towards 1.20. But if we close below 1.1720 on the day, chances are more likely that the price will drop back down into the 1.15s. Trade the odds and try not to predict micro moves. {image}Ignored
Disliked{quote} Moved SL to BE based on low volatility.. Don't want an accident after this late hour.. Will continue to trail if bears allow me to.. Stay GreenIgnored
Disliked{quote} Well. You canīt compare Trader A (trading from a intraday perspective) with Trader B (looking at the Daily, Weekly, Monthly) chart. If it would be that simple drawing a single trend line on a daily chart to put the "odds" in your favor i wonder why not everyone doing so. We should be all billionaires by the end of the year by simply following this advice :-P Isnīt it still flipping a coin? With the only difference you probably wonīt have that big stop loss setted for a M15 chart compared to a Daily chart where you simply need more money...Ignored
Disliked{quote} If you think about it, trends happen because traders are either selling or buying, depending on what they are seeing. Now most big time traders who have made millions from trading all follow a set of strategies that are more or less similar to each other. So if you follow past patterns and develop a relationship with these patterns, you get a fraction of sense of what is most likely to happen when certain patterns happen. Have you ever got that subtle feeling "I think it will change direction at this price..." and later you see that it actually...Ignored
Disliked{quote} If you think about it, trends happen because traders are either selling or buying, depending on what they are seeing. Now most big time traders who have made millions from trading all follow a set of strategies that are more or less similar to each other. So if you follow past patterns and develop a relationship with these patterns, you get a fraction of sense of what is most likely to happen when certain patterns happen. Have you ever got that subtle feeling "I think it will change direction at this price..." and later you see that it actually...Ignored
Disliked{quote} Hey fortunho, it's called "Trading in the Zone" by Mark Douglas. Great read and I learned a lot from it.Ignored
Disliked{quote} Hey fortunho, it's called "Trading in the Zone" by Mark Douglas. Great read and I learned a lot from it.Ignored
DislikedH1-M15 Status Update Chart shows current situation for H1 and M15.. We are still inside BUY moments after Steep Trendline breakout. Buy area is 1.1622.. I already bought 1.1621.. and now, based on M15, I am expecting M15 candles to close back above 1.1629.. If not I will try to get rid of my buy or get stopped out. SL at: 1.1597, TP: Open Stay Green {image}Ignored
DislikedShorted 1.1692 based on anticipation! SL: 20 pips TP: Open Stay GreenIgnored
Disliked{quote}It's not about drawing a line to put the odds in your favor, it's about learning about what the market does when noticeable patterns play out.Ignored
Disliked{quote} Well but you can play out these patterns no matter what time frame you looking at. It doesnīt has to be the daily one. If this fits to you, well keep going All i was trying to point out here is that you donīt have to predict that big future moves to be profitable in trading and you can do that by looking at what ever time frame that fits to you. No matter if its holding a trade on average for 15 Minutes or 2 days. The outcome is pretty much the same if you are good in maths and some basic rules pretty much the same for every successfull...Ignored
Disliked{quote} That's true, you can trade any time frame and be profitable. But what I was originally trying to say is that you can increase your odds of success by viewing multiple time frames and not getting stuck in a single time frame. If you can take a step back sometimes and get a sense of overall movement and sentiment, you can increase your odds of success by seeing how the market is reacting. Just trying to add to your knowledge, not change itIgnored
Disliked{quote} Hello ATA. Firstly let me thank you once again for this timely post. It redefined my the way I approached the market today. I'm very grateful. Please I have a question to help me understand better. In the morning when I saw that this setup (MACD Divergence-Steep TL breakout) occurred at night, I assumed that with the bullish move that occurred throughout the night the setup has already played out. So I switched to the main strategy and was looking forward to a blue TL breakout (which occurred with Frankfurk Hr close) until I saw this your...Ignored