DislikedBut when you buy low, arent you counter trend trading ? When if you buy high, you trading with the trend. Because noone knows how high a price can go.Ignored
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{quote} I agree. However, you show a very strong trend. In reality you'll have less opportunities/more losses ...
The problem is that all of these things (trend, strong/weak, etc.) are very subjective. I took both examples from 1m TF. For one trader it's not a trends at all, while for another it's a very strong trends. If we would choose another MAs it wouldn't be a bullish trends, but just a pullbacks on a bearish trend.
But that doesn't contradict with the only point I wanted to show: it is possible to buy low/sell high in trend trading.
P.S. And final example just to show once again that buying low/selling high is a very relative terms. In this bearish movement a trader could enter in yellow circles and we could say that he is selling low while we could consider white circles zones as 'selling high' opportunities. Of course, if we zoom in these candles to ticks we could find other pullbacks as well.
Let's go with the flow
{quote} we are all noobs here. a noob with s class does not sound bad to me. a noob with a rolls, sounds even better, i think...{quote} hmmm. you are looking at the wrong place. try to research how to flip sides more efficiently? my experience is the exit plan is not at all dependent on the strategy traded. it is an universal solution. how much one will profit, depends on the strategy traded (i use custom indicators for each strategy), however, the exit plan has nothing to do with the strategy traded. an exit plan is just a logical behaviour...
Does Your exit plan works in all imaginable situations?
I tried to create that kind of plan. I don't do other analysis(because I can't get better than 50:50 win%), only depending on money management. And I got trouble in that market condition:
It's <1% probability to get, but sooner or later you'll get it. How you deal with that?
- Joined Dec 2015 | Status: Bang_OO_Mangos | 3,058 Posts
{quote} Hi, MoneyZilla. Does Your exit plan works in all imaginable situations? I tried to create that kind of plan. I don't do other analysis(because I can't get better than 50:50 win%), only depending on money management. And I got trouble in that market condition:{image} It's <1% probability to get, but sooner or later you'll get it. How you deal with that?
If there are like 80-90 pips on the biggest/last line, or higher, then, depending on the range situation, this will be a nice catch for me... In this situation, i know there is a 120-130 pips range and bet on any of the far ends. Bets go well. When they do not, I flip sides and go with the flow.
In the 40-50 pips scenario - i am helpless. Just a survivor. Waiting for the better times to come.
All my successful strategies have 30 pips or higher as a minimum flipping value. Everything below can bring great profits, but in choppy times I lose it all. Everything below 30 pips in pure madness for me. Those who can trade with 10-30 pips flips or SLs are simply magicians...
EDIT 1: I have found an example from 26-27 oct i did trade on a demo. I am managing 2 dedicated servers with 22 terminals on each server and 19 vpses with 8 terminals on a vps. Most are demos, of course. Better play safe than sorry. Live goes on cent accounts only, for now.
This is a new strategy. Every new strategy passes two months on a demo, before being approved. It is like a week old. It handles times as described by you. Pretty well.
First image is with snapshots of that P/L every 240 mins. The last big candle screwed up my P/L. Chop it at 1/2. From around $77 to just $36 net. 25 pips slippage there was. Some spike...
The second image is a back test I ran earlier today. Was looking for improvements. I only backtest my custome indicators. To gather data. My exit plan does not need any backtests, as backtests are pure piece of shit. However, all my indicators are usually based only on the bid price and they can be backtested with very high accuracy.
The flips here are pretty close. Like 10 pips or even below. Very cool jump over...
EDIT 2: Here is a 3 days old demo. More like 75 hours or so. Very conservative approach. Takes more flips. Profits are smaller. DD can be higher. Gold has been in the worst choppy times during the last two months, since 20-24 aug. My range indicator was screaming. Trust me. This is very hard time to trade. Most other strategies took some DD. Some little, most not so little. That one is a trend strategy. And it made profits, instead...
Jonny Hatinga. IQ 69.
{quote} IenDzi, this example is probably the hardest to trade for me. If from top to bottom there are like 40-50 pips on the last zigzag, that is close to impossible. I only try to survive in such situations. Flipping sides. No multipliers in use. If there are like 80-90 pips on the biggest/last line, or higher, then, depending on the range situation, this will be a nice catch for me... In this situation, i know there is a 120-130 pips range and bet on any of the far ends. Bets go well. When they do not, I flip sides and go with the flow. In the...
Always appreciate all the crumbs you drop, though many are beyond me but they do keep my wheels spinning and for that I am grateful. Thx for all the input.... I may be out of sight but always following along with the hope of gathering useful info.
- Joined Dec 2010 | Status: Member | 572 Posts
The only system that will work is one designed by and for yourself.
- Joined Dec 2015 | Status: Bang_OO_Mangos | 3,058 Posts
{quote} ...particularly when taking into account that IQ?
IQ is real. People do not get the difference of being smart and being intelligent. The IQ tests are NOT measuring intelligence. People are confused, as usual. Scientists does not make a difference from the crowds. They are confused as much as confused is anyone alse and they call it an intelligence measuring test? LOL! This thing measures how much is your knowledge, based on the educationone one has...so, my IQ is 75. This is how much i made on their tests, honestly.So, according to the scientists which made the IQ test I ran, I am not smart, neither intelligent...
...but always following along with the hope of gathering useful info.
Chart reading is a pretty simple thing. It is a result of many failures. Can describe it in a single page document. But then it would not be your own achievement, would it?
Most here do not appreciate my endeavors to stimulate your brains to chase your own discoveries. They think I am thinking highly about myself?!? Hello? While this is just how I teach. You have to get there on your own feet. I will not do it for you...
Everyone has to pass over or walked over this, before getting to the chart reading. RondaRousy posted it. I like that guy. Always making funny posts, most get insulted from. A thing I cannot understand. My IQ forces me to laugh loud and enjoy almost everything he says. Enjoy the video!
Inserted Video
EDIT: The video shows some men entertainment activities. I have noticed men think very highly about themselves. Being smarter than women. Really? I see it exactly the other way around. Around 75% from the prisoners are men...
So, take a look what the more intelling part of the humanity is trying to achieve.
Watching this video, I could not take a breath, at some moments of it... It is just another example of the intellectual supremacy of men over women. It takes an IQ of 75 to understand that. Higher IQ values are a problem and cannot reach out to such conclusions...
Jonny Hatinga. IQ 69.
{quote} ha-ha-ha!
Regarding charts - ya, they look pretty simple historically but in real time.....haha, not so much at least for me. History does repeat itself but the variations are the part that too easily throw me off track. That said I assume it all goes into the processing pot and makes future identification easier.
Keep on doing what you do; much appreciate the way you interact here!
{quote} ha-ha-ha!
Btw yes an IQ test is a measure of intelligence, IQ stands for "intelligence quotient", i also understand what your trying to say because what is intelligence other than stored knowledge and the ability to use that knowledge to understand or solve a problem. You clearly do not have an iq of 75, your sentences are way to coherent.
When it comes to men having "superior intelligence" this is extremely debatable, as intelligence can very much be a reflection of your surroundings. In laments terms, grow up and learn from idiots and you become an idiot whether your male or female.
I definitely wouldn't take that IQ test seriously. (unless it was a Mensa test)
