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Wolfe Waves - Get in the Zone

  • #1,741
  • Jul 6, 2017 4:26am Jul 6, 2017 4:26am
close the wrong trades by simply click....BE
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if you dont like CWW trading, switch reverse trading to yes.

then you ride with trend...
No one wants to be defeated~
  • #1,742
  • Jul 6, 2017 9:00am Jul 6, 2017 9:00am
Quoting jonirrenicus
close the wrong trades by simply click....BE {image} {image} if you dont like CWW trading, switch reverse trading to yes. then you ride with trend...
How can you change the opening lot size amount from 0.01 to 1 lot?
Cheers!!
  • #1,743
  • Jul 6, 2017 9:17pm Jul 6, 2017 9:17pm
Quoting PipsMaster23
{quote} How can you change the opening lot size amount from 0.01 to 1 lot?
Hummm...do you mean how can i manager size between micro and standard ACC.?

Of course, EA will trade 100 times bigger in micro than that in standard.

But...some brokers use strange symbols such as "Gold" "Goldmicro" "Gold." instead of "XAUUSD" "XAUUSD." etc...EA can not recognize it.
No one wants to be defeated~
  • #1,744
  • Jul 6, 2017 11:39pm Jul 6, 2017 11:39pm
Hello jonirrenicus
This is my first trade with your EA, exciting :-)
Once again, thanks.
Best regards /Greger
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  • #1,745
  • Jul 7, 2017 3:42am Jul 7, 2017 3:42am
Quoting Guran01
Hello jonirrenicus This is my first trade with your EA, exciting :-) Once again, thanks. Best regards /Greger {image}
Thanks！

my purpose is to consolidate everybody's trade...We use same method and the result must be the same :-)

Cheers!

I have some bug fixed in Version 13, i will post it later.

In this case Entry#1 was bypassed, so EA will adjust it's strategy to trade only one fibo lvls.

Whatever, EA is good at catching the turning point and avoiding the falling knife.
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No one wants to be defeated~
  • #1,746
  • Jul 7, 2017 3:59am Jul 7, 2017 3:59am
this one is quite easy to catch...
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No one wants to be defeated~
  • #1,747
  • Jul 7, 2017 12:10pm Jul 7, 2017 12:10pm
Quoting jonirrenicus
{quote} Hummm...do you mean how can i manager size between micro and standard ACC.? Of course, EA will trade 100 times bigger in micro than that in standard. But...some brokers use strange symbols such as "Gold" "Goldmicro" "Gold." instead of "XAUUSD" "XAUUSD." etc...EA can not recognize it.

Actually no, i meant instead of positions opening with 0.01 (which they do now) how can i adjust this so that it opens 0.1 or 1.00 lots?
Cheers!!
  • #1,748
  • Jul 7, 2017 12:16pm Jul 7, 2017 12:16pm
Quoting PipsMaster23
{quote} All stops on GBPJPY are now at 144.65, target still remains 148 for any partial profit taking or otherwise i let the trades hit my stop. GBPUSD targeting 1.32 - have a position from 1.2910 which is now a risk free trade , having put a trail stop of 55pips just now EURUSD seems to be getting comfortable above 1.1375 (now at 1.1412) providing the level holds this can go to 1.16 by the the time of NFP next week. its been a good week, hope you all made GREEN pips! Have a great weekend

I have decided to take partial profits from my positions in GBPJPY, SL i have moved up now to 145.80 , still holding about 35% of my positions.

GBPUSD hit my trail stop

EURUSD - im flat no position

NFP was a mixed bag of information... im a little concerned about the whole N.Korea saga, hence i decided to close out the GBPJPY trades partially.... for now i think i need to let the market take its breather and decide what it wants to do next before i start building a new position.

Happy with the profits and trades made...

Green pips to all!
Cheers!!
  • #1,749
  • Jul 7, 2017 4:13pm Jul 7, 2017 4:13pm
Quoting PipsMaster23
{quote} I have decided to take partial profits from my positions in GBPJPY, SL i have moved up now to 145.80 , still holding about 35% of my positions. GBPUSD hit my trail stop EURUSD - im flat no position NFP was a mixed bag of information... im a little concerned about the whole N.Korea saga, hence i decided to close out the GBPJPY trades partially.... for now i think i need to let the market take its breather and decide what it wants to do next before i start building a new position. Happy with the profits and trades made... Green pips to all!...
Thank you sir, for sharing your valuable information , but would you please also share your trading rules and MM strategy, how and when do you select to trade a pair , how do you engage , on what basis you determine your SL and TP , when do you break even , when you trail stop a trade , how do you determine the target of the traded pair ....
To cut the long short would you please teach us fishing , and not giving us the fish
I really admire your style of trading and i am eager to learn it from you.
sincerely parviz
  • #1,750
  • Jul 7, 2017 4:58pm Jul 7, 2017 4:58pm
Quoting PipsMaster23
{quote} Actually no, i meant instead of positions opening with 0.01 (which they do now) how can i adjust this so that it opens 0.1 or 1.00 lots?
like this...
Attached Image
No one wants to be defeated~
  • #1,751
  • Jul 8, 2017 1:24pm Jul 8, 2017 1:24pm
Quoting parviz1953
{quote} Thank you sir, for sharing your valuable information , but would you please also share your trading rules and MM strategy, how and when do you select to trade a pair , how do you engage , on what basis you determine your SL and TP , when do you break even , when you trail stop a trade , how do you determine the target of the traded pair .... To cut the long short would you please teach us fishing , and not giving us the fish I really admire your style of trading and i am eager to learn it from you. sincerely parviz
Hi Parviz,
I suspect Pipmaster is much like myself in that he trades price action from reading charts competently and taking discretionary trades (Pipmaster please correct me if I am wrong). I have received the message loud and clear that this is probably not the correct 'place' / thread to promote those methods. In any case, it is not something one can teach to a community easily. Discretionary PA trading is an art / skill that is acquired over a very very long time and I would imagine that most (not all) people that follow this thread should not be advised to start trading in this way. In order to do it successfully and consistently one has to understand risk, reward AND probability of a successful trade outcome. Everyone can set a stop and a profit target (risk and reward) but relatively few traders understand the probability aspect ( ie the critical variable that determines whether they will have a mathematical edge or not) unless they either have a strategy where they have taken hundreds of trades and generated statistics or understand how to read charts.
Just an opinion. I should point out that the GBPJPY move has been outlined from a Wolfe Wave perspective by both myself and (I think) Expo if you want to look at previous posts.

Cheers
Stuart
  • #1,752
  • Edited 6:32pm Jul 8, 2017 6:11pm | Edited 6:32pm
Quoting salamanda74
{quote} Hi Parviz, I suspect Pipmaster is much like myself in that he trades price action from reading charts competently and taking discretionary trades (Pipmaster please correct me if I am wrong). I have received the message loud and clear that this is probably not the correct 'place' / thread to promote those methods. In any case, it is not something one can teach to a community easily. Discretionary PA trading is an art / skill that is acquired over a very very long time and I would imagine that most (not all) people that follow this thread...
Thank you very much sir for your response :
But the thing is that , I am not a successful trader as i have stated before ,trying variety of strategies and MM rules ,and let me tell you i am not lazy in reading and learning , since i was university professor for more than 28 years, apparently no body, here in trading ,(in contrast to what i have learned , and thought to do in an academic environment )is willing to disclose his success story and strategy , even if you can not say it in this thread , why don't you start a new one and teach us what you know , or show me the way that i can trade like you , let say within 10 years from now.

I recall most of the time what our great poet KHIAM has said : "Nobody know what is there in the next life , and when one get informed ,may not inform others".

The other thing is that ,after trading for nearly three years ,sometimes i really suspect that nobody is earning real money trading forex ,except ,banks , large companies ,peoples who write books about it ,or those who set teaching courses and webinars .....
  • #1,753
  • Jul 8, 2017 6:34pm Jul 8, 2017 6:34pm
Quoting parviz1953
{quote} Thank you very much sir for your response : But the thing is that , I am not a successful trader as i have stated before ,trying variety of strategies and MM rules ,and let me tell you i am not lazy in reading and learning , since i was university professor for more than 28 years, apparently no body, here in trading ,(in contrast to what i have learned , and thought to do in an academic environment )is willing to disclose his success story and strategy , even if you can not say it in this thread , why don't you start a new one and teach...
Hi Parviz,
Thank you for your reply buddy. Look, I am not a professor (I am a doctor (PhD) though!) and I am not an expert trader - yet. I aspire to be one and as well as carving out my own 'strategy' I also like to take discretionary trades based on reading charts. I am sorry but I cannot teach you to do this. I have attended many webinars, courses etc but I find very little useful information for how I want to trade. That is not to say that all the information I am exposed to is useless, but I will say that I cannot use most of it because of how I view the market. I will also say that if you find a strategy that you can relate to and that works for you then grab it with both hands and do everything you can to make it work for you. If you really want to learn how to read charts and trade 'properly' then start with Al Brookes. He's brilliant. His books are hard to read at first but by the third time you read them they're ok! His video course is excellent too. His methods are hard to implement from a psychological perspective and that is the main thing that holds most traders back whatever system or strategy they trade. If you want suggestions of texts to read I can provide that, but other than that it's just market exposure. I tend to print out 15, 5 and 2 min FTSE charts for every day and keep them for future reference. There's no easy ride!
All the best
Stuart
  • #1,754
  • Edited 7:14pm Jul 8, 2017 6:59pm | Edited 7:14pm
Quoting salamanda74
{quote} Hi Parviz, Thank you for your reply buddy. Look, I am not a professor (I am a doctor (PhD) though!) and I am not an expert trader - yet. I aspire to be one and as well as carving out my own 'strategy' I also like to take discretionary trades based on reading charts. I am sorry but I cannot teach you to do this. I have attended many webinars, courses etc but I find very little useful information for how I want to trade. That is not to say that all the information I am exposed to is useless, but I will say that I cannot use most of it because...
Thank you so much Stuart:
I did not intend to address your comment specifically ,or be rude to anybody,i was just muttering with myself out loud.
i really appreciate what you have done and taking your time to respond.
keep up with your great spirit.
yours parviz
  • #1,755
  • Jul 10, 2017 4:50am Jul 10, 2017 4:50am
Quoting salamanda74
{quote} Hi Parviz, I suspect Pipmaster is much like myself in that he trades price action from reading charts competently and taking discretionary trades (Pipmaster please correct me if I am wrong). I have received the message loud and clear that this is probably not the correct 'place' / thread to promote those methods. In any case, it is not something one can teach to a community easily. Discretionary PA trading is an art / skill that is acquired over a very very long time and I would imagine that most (not all) people that follow this thread...
Reading Chart is a hard job, you have manually do a lot of things :

Trend line, Box, fibonacci, PA breakout or false break....read NEWs and judge good or bad....

After you learned that, another 5 years has been pasted... but still no guarantee on success.

Finally you found that trading is not suit to everyone, only the talented people (lighting reflex or smart like Einstein）can make profit, the rest all become losers....

I have no talent and i dont want to end up like this so I find my self an option.

"Trade on specific patterns" " make every trade as same one" “Trading ========== gambling"
No one wants to be defeated~
  • #1,756
  • Jul 10, 2017 5:41am Jul 10, 2017 5:41am
Quoting jonirrenicus
{quote} Reading Chart is a hard job, you have manually do a lot of things : Trend line, Box, fibonacci, PA breakout or false break....read NEWs and judge good or bad.... After you learned that, another 5 years has been pasted... but still no guarantee on success. Finally you found that trading is not suit to everyone, only the talented people (lighting reflex or smart like Einstein）can make profit, the rest all become losers.... I have no talent and i dont want to end up like this so I find my self an option. "Trade on specific patterns"...
Trading is not supposed to be easy! If it were easy then anyone with 'no talent' would be able to make money. However, you are trying to take money from other smart traders (or computers) so you have to be, on average, smarter than them. That does not mean 'cleverer'. There are many people out there who have brains the size of Jupiter who would not make good traders. Nothing is certain and people do not like dealing with uncertainty. This is why it is important to have an understanding of probability because trading is about consistently executing your positive expectancy plan in order to come out on top in the long term. Any one particular trade is of no consequence, whether it be a winner or loser. Each trade is just part of the plan and it is necessary to have losers in order to be able to have the (bigger) winners etc etc. Anyone who has the right psychology, or can train themselves to have the right psychology can become a good trader. I'm still working on that part truth be told! If you want to make a living in any profession, you have to train and get good at whatever it is that you decide to do. One does not become an excellent accountant, lecturer, scientist, store-owner / business person overnight. It takes time, effort and hard work and anyone who does not realise this and is not willing to put in the hard work deserves to lose. It doesn't matter if you are trading an actual system/strategy like Wolfe Waves or if you are trading by purely reading the price action. What you need is understanding.
Re: News - I pay absolutely no attention to news because I don't understand how to trade it and even if I did, the computers trading the news are far quicker than I could ever be. Let the news happen, observe what the market is telling you and trade accordingly.
Re: Fibonacci - I have been through this before
Breakout / false break - all to do with reading the price action. It IS hard, but you can increase your probability by letting the breakout succeed or fail. If it succeeds, there will usually be a breakout pullback trade where you can get in - usually at a worse price because you have gained probability so it must be paid for in risk.
etc
SO in short: Trading is gambling if you do not have a plan and do not understand what the chart in front of you is saying- agreed. But, put the work, time, sweat, blood, tears into it and come up with a positive expectancy plan and you have a good chance of coming up with a something that can work, if you trade it properly and have worked on 'your' psychology.
  • #1,757
  • Jul 11, 2017 4:21am Jul 11, 2017 4:21am
Quoting salamanda74
{quote} Trading is not supposed to be easy! If it were easy then anyone with 'no talent' would be able to make money. However, you are trying to take money from other smart traders (or computers) so you have to be, on average, smarter than them. That does not mean 'cleverer'. There are many people out there who have brains the size of Jupiter who would not make good traders. Nothing is certain and people do not like dealing with uncertainty. This is why it is important to have an understanding of probability because trading is about consistently...
Thanks for your long story....

If you have a plan then trading is not gambling....right?

Do u believe that? Again....Do u really believe that?

To distinguish what is certainty...what is uncertain...

For E.X,

Your father is a CEO and people want to bribe him.

So they send someone to buy your house with a down payment of 10% value of the house.

Next week they cancel the deal and you get 10% money of your house.

This is called certainty, 100% winning solution, 0% risk to be failed.
No one wants to be defeated~
  • #1,758
  • Jul 11, 2017 4:39am Jul 11, 2017 4:39am
Quoting jonirrenicus
{quote} Thanks for your long story.... If you have a plan then trading is not gambling....right? Do u believe that? Again....Do u really believe that? To distinguish what is certainty...what is uncertain... For E.X, Your father is a CEO and people want to bribe him. So they send someone to buy your house with a down payment of 10% value of the house. Next week they cancel the deal and you get 10% money of your house. This is called certainty, 100% winning solution, 0% risk to be failed.
oh dear.....
  • #1,759
  • Jul 11, 2017 6:27pm Jul 11, 2017 6:27pm
Quoting parviz1953
{quote} Thank you sir, for sharing your valuable information , but would you please also share your trading rules and MM strategy, how and when do you select to trade a pair , how do you engage , on what basis you determine your SL and TP , when do you break even , when you trail stop a trade , how do you determine the target of the traded pair .... To cut the long short would you please teach us fishing , and not giving us the fish I really admire your style of trading and i am eager to learn it from you. sincerely parviz
Hi Parviz, sorry for late reply but i saw that salamanda replied to you in a very honest and truthful way and pretty much answered your question... i did post a slight insight into how i trade when i first posted here, but also mentioned that it would not be right for me to do so on a forum which is all to do with WW.

Without giving too much of my fish away i choose GBPJPY as it is known as the beast, simply put, when it moves in a direction it can do 400+pips while other correlated pairs will struggle doing 180+ pips or less... SL and TP are purely envisaged from Daily and weekly charts as these TF go more in line to my manual approach in trading. Anything lower id prefer to use an EA as it would make my eyes blinker LOL

Salamanda stated and i quote: Discretionary PA trading is an art / skill that is acquired over a very very long time and I would imagine that most (not all) people that follow this thread should not be advised to start trading in this way. In order to do it successfully and consistently one has to understand risk, reward AND probability of a successful trade outcome. Everyone can set a stop and a profit target (risk and reward) but relatively few traders understand the probability aspect ( ie the critical variable that determines whether they will have a mathematical edge or not).

Hit the nail on the HEAD!!!
Cheers!!
  • #1,760
  • Jul 11, 2017 8:41pm Jul 11, 2017 8:41pm
Quoting PipsMaster23
{quote} Hi Parviz, sorry for late reply but i saw that salamanda replied to you in a very honest and truthful way and pretty much answered your question... i did post a slight insight into how i trade when i first posted here, but also mentioned that it would not be right for me to do so on a forum which is all to do with WW. Without giving too much of my fish away i choose GBPJPY as it is known as the beast, simply put, when it moves in a direction it can do 400+pips while other correlated pairs will struggle doing 180+ pips or less......
Thanks.....
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