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  • #1,134,181
  • Sep 16, 2017 8:55am Sep 16, 2017 8:55am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,134,182
  • Sep 16, 2017 10:06am Sep 16, 2017 10:06am
I had difficult Friday. Emotional mostly. 27% loss on my account hurts very bad. I was looking back at what went wrong and I saw it. It was Me wrong. Not market, not makers but me alone. I got so confident that I missed obvious. Huge demand zone that I didn't even look at, I tripled order when I should not even trading. Horrible stupid arrogant mistake. And eventually market moved towards my direction but 2 days later. For those of you who struggle with consistency in forex trading I have one advice based on my own mistakes. If you have you strategy in place NEVER NEVER EVER EVER STEP OUT OF IT. Not even in your mind. Indicators don't lie, they just mathematicians formula to register certain moves, WE ARE WHO LIES TO OURSELVES! In our hands we see what we want to see. Our brains play tricks with us. I swear I would personally pay 70% of my profit to any one who will stay next to me and giving me his opinion at the moment when I want to push button. I am alone in my journey. Not my friends or family understand what I do nor they see a potential in it. Some of you may have same issue. So for those of you who is going through the same shit as I am my PM open . We can help each other to reach our goals! Soon I will be opening " Traders Journal " where my full strategy and future trades will be described! May be by being judged by others I will learn how to avoid same mistakes over and over again. I wish everyone great weekend! See you guys tomorrow!
  • #1,134,183
  • Sep 16, 2017 10:27am Sep 16, 2017 10:27am
Quoting denisius
I had difficult Friday. Emotional mostly. 27% loss on my account hurts very bad. I was looking back at what went wrong and I saw it. It was Me wrong. Not market, not makers but me alone. I got so confident that I missed obvious. Huge demand zone that I didn't even look at, I tripled order when I should not even trading. Horrible stupid arrogant mistake. And eventually market moved towards my direction but 2 days later. For those of you who struggle with consistency in forex trading I have one advice based on my own mistakes. If you have you strategy...
All un/known indicators (and any news also) obey the 50%-50% rule...

Also, trading with visible SL and not with hidden SL is not good because the SL hunting is not a legend but a cruel reality...
I am who I am
  • #1,134,184
  • Sep 16, 2017 11:30am Sep 16, 2017 11:30am
Quoting imwim
Saying that from many voices, 1.05 has a better chance than 2.05 ... (@OnlineAddict)
Ok, 1.05 is now 3100 pips away...on the other side 3100 pips up is 1.67. Do you want to make a bet? I say 1.67 and you say 1.05?
Everyone can see the chart, but only a few can actually read it.
  • #1,134,185
  • Sep 16, 2017 11:32am Sep 16, 2017 11:32am
Quoting OnlineAddict
{quote} Ok, 1.05 is now 3100 pips away...on the other side 3100 pips up is 1.67. Do you want to make a bet? I say 1.67 and you say 1.05?
good point.
  • #1,134,186
  • Sep 16, 2017 11:38am Sep 16, 2017 11:38am
Quoting imwim
{quote} All un/known indicators (and any news also) obey the 50%-50% rule... Also, trading with visible SL and not with hidden SL is not good because the SL hunting is not a legend but a cruel reality...
LOL Hidden SL...Unless you use a scam broker who does spikes that never were on the market, a SL is a SL, no matter who you hide it from, it will be hit, if the price goes there and it won't be hit if the price doesn't go there, obviously.
Everyone can see the chart, but only a few can actually read it.
  • #1,134,187
  • Sep 16, 2017 11:48am Sep 16, 2017 11:48am
Quoting OnlineAddict
{quote} LOL Hidden SL...Unless you use a scam broker who does spikes that never were on the market, a SL is a SL, no matter who you hide it from, it will be hit, if the price goes there and it won't be hit if the price doesn't go there, obviously.
Stop loss need to be .period. Hunting no hunting true not true. Stop loss is the part of the strategy. If you know your losses you will know your profit. If you don't have one , even if you know when to stop market can spike real quick near your imaginary level and you will loose more. Well calculated stop will never trigger. Sometimes I feel the same about my broker but I know it's me who entered market in wrong place. That's all.
  • #1,134,188
  • Sep 16, 2017 12:11pm Sep 16, 2017 12:11pm
Quoting OnlineAddict
{quote} LOL Hidden SL...Unless you use a scam broker who does spikes that never were on the market, a SL is a SL, no matter who you hide it from, it will be hit, if the price goes there and it won't be hit if the price doesn't go there, obviously.
Oanda is not a scam broker at all, but after hit my 5 pips SL at pipette my 50 pips TP was reached.

Also, Oanda does not trigger all my pending orders, if on the 5 seconds time frame my target is reached on a spike.

But Oanda can trigger my pending order when the price is 3 pips away from my target...
I am who I am
  • #1,134,189
  • Sep 16, 2017 12:18pm Sep 16, 2017 12:18pm
Quoting imwim
{quote} All un/known indicators (and any news also) obey the 50%-50% rule... Also, trading with visible SL and not with hidden SL is not good because the SL hunting is not a legend but a cruel reality...
SL hunting isn't done by the brokers. its done by the market makers (the banks) the brokers cant move the market against the banks... and the brokers can't change the price (if a legit broker) that is used by all the other people on their platform (which is also the same as many other brokers)... they won't adjust price to get your measly stop... if your stop is in an obvious position, and the market moves that way, that's your fault.

the only time brokers fuck about is with their variable spreads, but that's machine... and it also won't recognise your SL out of the millions of others that are in the same place... MM need to get those stops to fill their orders

PS- if it doesn't make sense then my bad, but you get a rough picture.... and all this is coming from a person who is Fucked probably more than any other trader you can ever think of by tiny tiny amounts of spread... so
  • #1,134,190
  • Sep 16, 2017 12:18pm Sep 16, 2017 12:18pm
Quoting imwim
{quote} Oanda is not a scam broker at all, but after hit my 5 pips SL at pipette my 50 pips TP was reached. Also, Oanda does not trigger all my pending orders, if on the 5 seconds time frame my target is reached on a spike. But Oanda can trigger my pending order when the price is 3 pips away from my target...
You are hopefully ironic...Oanda is one of the biggest scam brokers, they create spikes on the chart that never existed in the real world.
Everyone can see the chart, but only a few can actually read it.
  • #1,134,191
  • Sep 16, 2017 12:27pm Sep 16, 2017 12:27pm
Quoting denisius
I had difficult Friday. Emotional mostly. 27% loss on my account hurts very bad. I was looking back at what went wrong and I saw it. It was Me wrong. Not market, not makers but me alone. I got so confident that I missed obvious. Huge demand zone that I didn't even look at, I tripled order when I should not even trading. Horrible stupid arrogant mistake. And eventually market moved towards my direction but 2 days later. For those of you who struggle with consistency in forex trading I have one advice based on my own mistakes. If you have you strategy...
27% is nothing against this learning and realization. (you have made it before and you have a great news that tomorrow is another trading day)
I Appreciate your understanding and learning from your mistake.

Truth is that no one can learn from others mistakes. Even if someone is in this fallacy he will learn when he himself makes the same mistake and then learn.

The only way to avoid such mistakes which are deep-rooted in our psychology and very obvious is to spot them again and again. A lot of practice of this repeated action will ultimately reduce the chances of making that mistake again.

In trading, major mistakes happen when we have certain bias bullish/bearish, and we analyze the market with a pre-conceived bias. Now there is a good chance that we will find the market favoring our bias.

But truth is that trades taken with no previous bias and truly taken on the current market are mostly profitable.
Holy Grail - Patience and Acceptance
  • #1,134,192
  • Sep 16, 2017 12:41pm Sep 16, 2017 12:41pm
Quoting Don96
{quote} SL hunting isn't done by the brokers. its done by the market makers (the banks) the brokers cant move the market against the banks... and the brokers can't change the price (if a legit broker) that is used by all the other people on their platform (which is also the same as many other brokers)... they won't adjust price to get your measly stop... if your stop is in an obvious position, and the market moves that way, that's your fault. the only time brokers fuck about is with their variable spreads, but that's machine... and it also won't...
I agree with you, I am too respectfully for my trade values computed with fractal theory.

For example, the GBP/USD has moved upward 843.2 (1.36160-1.27728) pips in 21 days (weekends included) and the fractal theory shows a minimal retracement of 298.4 pips so the target to be reached is 1.33176 .
I am who I am
  • #1,134,193
  • Sep 16, 2017 12:42pm Sep 16, 2017 12:42pm
Quoting OnlineAddict
{quote} You are hopefully ironic...Oanda is one of the biggest scam brokers, they create spikes on the chart that never existed in the real world.
I can sadly agree with you. I had a few occasions when I was closed out at prices never seen anywhere else.

Their answer was this : "I am sorry to hear that you has some confusion with the difference in pricing of different brokers. Please be informed that our rates are provided by our liquidity providers. Among these rates, our traders will choose the best price. Different brokers have different liquidity providers, hence it is inevitable to experience the difference in the rates."

I am going to change broker soon.
  • #1,134,194
  • Sep 16, 2017 12:59pm Sep 16, 2017 12:59pm
Hi Den to be frank
I think your stagey has too many indicators focus on the one you know and like best

Quoting denisius
I had difficult Friday. Emotional mostly. 27% loss on my account hurts very bad. I was looking back at what went wrong and I saw it. It was Me wrong. Not market, not makers but me alone. I got so confident that I missed obvious. Huge demand zone that I didn't even look at, I tripled order when I should not even trading. Horrible stupid arrogant mistake. And eventually market moved towards my direction but 2 days later. For those of you who struggle with consistency in forex trading I have one advice based on my own mistakes. If you have you strategy...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,134,195
  • Sep 16, 2017 1:02pm Sep 16, 2017 1:02pm
Quoting OnlineAddict
{quote} Ok, 1.05 is now 3100 pips away...on the other side 3100 pips up is 1.67. Do you want to make a bet? I say 1.67 and you say 1.05?
FED has switched the EUR with GBP, 843.2 (1.36160-1.27728) pips upward movement in only 21 days.

But I look forward for 1000 pips downward movement till end of the year...
I am who I am
  • #1,134,196
  • Sep 16, 2017 1:03pm Sep 16, 2017 1:03pm
look long bias GBP AUD , 1000 pips

Quoting Bones
Hi Den to be frank I think your stagey has too many indicators focus on the one you know and like best {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #1,134,197
  • Sep 16, 2017 1:14pm Sep 16, 2017 1:14pm
Quoting imwim
{quote} FED has switched the EUR with GBP, 843.2 (1.36160-1.27728) pips upward movement in only 21 days. But I look forward for 1000 pips downward movement till end of the year...
You said 1.05...I say 1.67...$1000 bet?
Everyone can see the chart, but only a few can actually read it.
  • #1,134,198
  • Sep 16, 2017 1:28pm Sep 16, 2017 1:28pm
Quoting Bones
look long bias GBP AUD , 1000 pips {quote}
My target is only 1.75093, the value of green PSAR, 535.9 pips upward at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDWeekly.png Size: 126 KB
I am who I am
  • #1,134,199
  • Sep 16, 2017 1:33pm Sep 16, 2017 1:33pm
Quoting Bones
Hi Den to be frank I think your stagey has too many indicators focus on the one you know and like best {quote}
They are still in test in progress. Thanks for advice!
  • #1,134,200
  • Edited 2:03pm Sep 16, 2017 1:39pm | Edited 2:03pm
in the thick of it it's easy to be confused ,
honestly I've tried those but don't fully understand them
I personally wouldn't use a indicator that reduces the chart ,as price is the very best
even divergence you only need price
going forward your be continually confused and looking back

I would recommend you keep a good eye on gbp aud as its poss there's a easy stress-free runaway trade there to the gap ,no longing aud usd
we can look each time the next month is bullish but this time I suspect it will break free to reach for the gap
maybe open through the line

aud usd today is 8


Quoting denisius
{quote} They are still in test in progress. Thanks for advice!
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
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