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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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
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
Disliked{quote} Buying low/selling high not necessarily means going counter trend. It's a relative definition. For example, take a look at the picture - we could also say that prices in white circles are low in comparison with previous ones. So you can buy low (sell high) and still go with a trend. Of course, trend itself is a relative and subjective thing. We can call a 1 pip move a trend too, so, in my opinion, in this case the word "movement" would be more appropriate. Then I agree that when we buy low, we are going against current movement. {image}Ignored
Disliked{quote} I agree. However, you show a very strong trend. In reality you'll have less opportunities/more losses ...Ignored
Disliked{quote} Buying low/selling high not necessarily means going counter trend. It's a relative definition. For example, take a look at the picture - we could also say that prices in white circles are low in comparison with previous ones. So you can buy low (sell high) and still go with a trend. Of course, trend itself is a relative and subjective thing. We can call a 1 pip move a trend too, so, in my opinion, in this case the word "movement" would be more appropriate. Then I agree that when we buy low, we are going against current movement. {image}Ignored
Disliked{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...Ignored
Disliked{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?Ignored
Disliked{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...Ignored
DislikedThere is nothing an indicator can tell you that you can't see in the candles.... If your not profitable... Dump the indicators... dump the trend lines and focus on price action, market structure.. Time of day movements most likely to happen.Ignored
Disliked{quote} Could you please define what a FLIP is? Is it a 1) close and reverse 2) a hedge ?Ignored
QuoteDisliked...but always following along with the hope of gathering useful info.
Disliked{quote} ha-ha-ha! 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...Ignored
Disliked{quote} 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.Ignored
Disliked{quote} 1, but for catching the final destination i simultaneously open trades in both directions and then flip. one of the sides is heavier. at the final move, both sides transform into just one...Ignored
Disliked{quote} Is that scenario the way you always trade? Or do you just pick one direction during other market conditions? And is Mingary's "Monty Hall Strategy" related to your style of trading? Quite interesting ...Ignored
Disliked{quote} ha-ha-ha! 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...Ignored
Disliked{quote} Thats the misconception about indicators. Its is not made to give you a positive pip, it was made to calculate/ simplify data faster. You are then using it worngIgnored