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  • #4,301
  • Nov 10, 2017 4:46am Nov 10, 2017 4:46am
Quoting Ata-Turkoglu
Meanwhile, I marked 1.1643 as potential new balance (aka as pivot) level especially for today. If today's DAILY candle closes above it bears will have to wait a little bit longer for continuation. Then, bulls might get the confidence to push price much higher than we expect: Maybe all the way up to 1.1744 area.. For now.. nothing above happened yet.. but 1.1643 is crucial regarding to Friday's market closing price.. that's all I am saying.. Stay Green
69.5% sell vs 30.5% buy on Xstation5 traders
and
67.2% sell vs 32.8% buy on volumes
MAKE IT RAIN
  • #4,302
  • Nov 10, 2017 4:51am Nov 10, 2017 4:51am
Quoting mihai1986
{quote} 69.5% sell vs 30.5% buy on Xstation5 traders and 67.2% sell vs 32.8% buy on volumes
Thanks.. I decided to share those statistics only when I see 70% or higher.. but I am checking every day behind the scenes..

Stay Green
Focus only on what truly matters!
  • #4,303
  • Nov 10, 2017 4:51am Nov 10, 2017 4:51am
Quoting eCOBB22
{quote} I don't see the bulls stopping anytime soon a lot of ppl think it will sell but have no idea when or why lol when it's been rising since Tuesday and that's when you lose.
Fair point although I'm not sure basing trading decisions solely on whether the price has been going up for a few days will lead to long term pip generation, which is the final arbiter at the end of the day.
  • #4,304
  • Nov 10, 2017 4:54am Nov 10, 2017 4:54am
Quoting Ata-Turkoglu
{quote} Thanks.. I decided to share those statistics only when I see 70% or higher.. but I am checking every day behind the scenes.. Stay Green
i just wanted to share it with you because is close to that 70%
MAKE IT RAIN
  • #4,305
  • Nov 10, 2017 4:56am Nov 10, 2017 4:56am
Quoting mbrown
{quote} Fair point although I'm not sure basing trading decisions solely on whether the price has been going up for a few days will lead to long term pip generation, which is the final arbiter at the end of the day.
This thought process is the reason you're losing your sells and getting stopped out lol. At the end of the day my profit is more than any loses in fact no loss bc I keep Minimal risk and let my winners run. Try it for yourself 1 day
  • #4,306
  • Nov 10, 2017 4:58am Nov 10, 2017 4:58am
Quoting eCOBB22
{quote} This thought process is the reason you're losing your sells and getting stopped out lol. At the end of the day my profit is more than any loses in fact no loss bc I keep Minsk risk and let my winners run. Try it for yourself 1 day
But I am in profit 700 pips this week and deep in green pips today and my shorts are currently in profit. With respect, I don't follow your logic.
  • #4,307
  • Nov 10, 2017 4:58am Nov 10, 2017 4:58am
Quoting mihai1986
{quote} i just wanted to share it with you because is close to that 70%
Yes.. it is.. many thanks.. and each time it gets higher or closer to 70% of sellers robber banks start faking drops and establish more and more "first dump then pump" tricks.. so careful bears..

Stay Green
Focus only on what truly matters!
  • #4,308
  • Nov 10, 2017 4:59am Nov 10, 2017 4:59am
Guys, i think it's gonna come down slowly and settle in 1.1625. Making us thinking how it's gonna move next week.
  • #4,309
  • Nov 10, 2017 4:59am Nov 10, 2017 4:59am
Quoting mbrown
{quote} But I am in profit 700 pips this week. With respect, I don't follow your logic.
It's okay because everyone's style is different you may never understand this method and that's okay if you have your own which is good for you. Thank you for understanding
  • #4,310
  • Nov 10, 2017 5:07am Nov 10, 2017 5:07am
Quoting zhafryy
{quote} First zone hit at the buzzer and maybe the biggest reversal at the last zone. {image} {image}
Take profit just below the S1 or which you feel comfortable before the price continue upwards to the biggest supply yet.
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  • #4,311
  • Nov 10, 2017 5:09am Nov 10, 2017 5:09am
Quoting eCOBB22
{quote} It's okay because everyone's style is different you may never understand this method and that's okay if you have your own which is good for you. Thank you for understanding
Thank you. I have been trading since the 2000. I understand most methods including volume and market profile but not GANN (I just cannot muster the will to study it). My robots encapsulate all of these different methods and make me pips. Sometimes they go contrary to opinion but one would expect that for a winning edge.

Anyway, nice to meet you and let's keep it friendly. I respect anyone who is willing to enter this most challenging endeavour known as trading but don't really appreciate the "lol" at other traders...it lacks common decency and respect.
  • #4,312
  • Nov 10, 2017 5:12am Nov 10, 2017 5:12am
I appreciate your opinion but the fact you use robots doesn't ensure me you have a method but rather a program that may or may not guess correctly. If you are bothered by lol I can remove this term in our discussions my friend when I'm speaking to others I may find their words amusing as I do now
Quoting mbrown
{quote} Thank you. I have been trading since the 2000. I understand most methods including volume and market profile but not GANN (I just cannot muster the will to study it). My robots encapsulate all of these different methods and make me pips. Sometimes they go contrary to opinion but one would expect that for a winning edge. Anyway, nice to meet you and let's keep it friendly. I respect anyone who is willing to enter this most challenging endeavour known as trading and don't I really appreciate the "lol" at other traders...it lacks common decency...
  • #4,313
  • Nov 10, 2017 5:14am Nov 10, 2017 5:14am
Quoting Traderview
Guys, i think it's gonna come down slowly and settle in 1.1625. Making us thinking how it's gonna move next week.
With NY open maybe 1.1666 first? Maybe it is the day of the devil? lol

Stay Green
Focus only on what truly matters!
  • #4,314
  • Nov 10, 2017 5:17am Nov 10, 2017 5:17am
Quoting eCOBB22
I appreciate your opinion but the fact you use robots doesn't ensure me you have a method but rather a program that may or may not guess correctly. If you are bothered by lol I can remove this term in our discussions {quote}
If your edge is to buy at S1 and sell at R1 (this is a simple example). Why sit at your computer if you can program it into an algo? I program/code my own algos based on the way I manually trade. For each algo traded I could give you an in depth technical explanation of why the trade has been placed but because I have literally 100s of algos working that may take a while. The reality of the situation is there are 1000s of alphas/edge out there and to manually trade them all is impossible. If I've been trading since 2000 rest assured the last thing an experience trader would do is to trade an algo' that is not understood/without a method behind it.

Again, I don't understand the logic.
  • #4,315
  • Nov 10, 2017 5:22am Nov 10, 2017 5:22am
As I've mentioned before that's ok, and good luck with the algo so where is it saying price will go? Would you know this from your algo?
Quoting mbrown
{quote} If your edge is to buy at S1 and sell at R1 (this is a simple example). Why sit at your computer if you can program it into an algo? I program/code my own algos based on the way I manually trade. For each algo traded I could give you an in depth technical explanation of why the trade has been placed but because I have literally 100s of algos working that may take a while. The reality of the situation is there are 1000s of alphas/edge out there and to manually trade them all is impossible. If I've been trading since 2000 rest assured...
  • #4,316
  • Nov 10, 2017 5:26am Nov 10, 2017 5:26am
Quoting eCOBB22
As I've mentioned before that's ok, and good luck with the algo so where is it saying price will go? Would you know this from your algo?{quote}
They are still net short. (the pips already banked today will exceed any potential losses.)
  • #4,317
  • Nov 10, 2017 5:28am Nov 10, 2017 5:28am
Quoting mbrown
{quote} If your edge is o buy at S1 and sell at R1 (this is a simple example). Why sit at your computer if you can program it into an algo? I program/code my own algos based on the way I manually trade. For each algo traded I could give you an in depth technical explanation of why the trade has been placed but because I have literally 100s of algos working that may take a while. Again, I don't understand the logic.
Yes, I hear you crystal clear. Good thinking. My basic take on this would be that many traders are simply not coders.

But even if they were, most of them probably couldn't code their ideas perfectly as they would wish to. MT4 code libraries also doesn't let coders really program their wishes to the finest details. Yes it gives us some serious freedom but it is not such a strong programming language as C#, C++, Python or Java for example. But even if it was, every coder is still limited with his own skills right?

Long story short: I ignore trader's subjective comments on "do robots work or not blah blah" Based on the job, they can work quite well. Difference comes from are you an experienced freaky type of coder or a rookie coder with little experience.. Oh and not even mentioning all the bugs and errors inside the codes that annoys even the most experienced coders.. it is simply relative imho..

Stay Green
Focus only on what truly matters!
  • #4,318
  • Nov 10, 2017 5:29am Nov 10, 2017 5:29am
Quoting mbrown
{quote} They are still net short. (the pips already banked today will exceed any potential losses.)
Good luck
  • #4,319
  • Nov 10, 2017 5:31am Nov 10, 2017 5:31am
Quoting zhafryy
{quote} Take profit just below the S1 or which you feel comfortable before the price continue upwards to the biggest supply yet. {image}
There's an error in the TP area as there's a demand zone nearby the DPV, price may bounce back towards the last supply.
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  • #4,320
  • Nov 10, 2017 5:36am Nov 10, 2017 5:36am
A simple explanation for those following.
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