The Equilibrium, a key to success!

nice figurines , gold ? brass?
how many monitors you have, size?
---
i looked charts by AVA, AdmiralMarkets, Fxpro...but they only have up to 1992 data for EURUSD. on your picture is 1972 if I am not mistaken so who is providing you that far? TPO?
yes and no. all relevant information (including news and many other that retail trader have no clue about) is incorporated in price so yes buyers and sellers are changing price based on information they have.

Hallo Trader Waldo,

I currently work with 7 monitors, 4 monitors are the size of 32 "with a screen of 1920x1080 pixels.To ensure a fast speed I work with two fast i7 processors, two SSD drives and 5 external graphics cards, cable Internet and LTE Internet is an uninterruptible power supply that does not compromise safety.

I'm about to install 4 more 32 " monitors to use the small monitors for info, dashboard etc. 7 x 32" monitors use for the different time units 1,5,15,30, 1H, 4H, D and the eighth Monitor to the trade. The advantage is that at the same time I have all the POCs of all times in mind. This makes the identification of equality easier. Only important is the price chart. No Renko, no Heikin Ashi, but the normal bar chart with dark shadows to better identify the POC. I also do not work according to the market technique or candle pattern, because the candles are represented by the different time patterns purely by chance. That's why I need all the time units of a currency pair at a glance. Since only the pure bar chart is displayed on all monitors, the overview is easy. I think that in this case I turn off my resistance and support lines in small time units. This means that I have charted a resistance line in 4H Chart that I would like to unify through the small timeframes and recognize that the course is activated in that zone. This helps me make faster decisions to activate or break the zone.

The course data can be downloaded for free with MetaTrader 4 via Meta Quotes. This goes through the history database but must increase the options of the candle to 99999999999999. But this should be done with care.
When this happens, your data will be overwritten. Secondly, your computer will slow down as there is much more data available, especially when working with memory-eating indicators. Then it can come to a computer crash.

Download a new MetaTrader and start playing it in 1971. Then you have fewer problems.

When you do the main job, I recommend investing in good technology. Whether you work with Apple, Linux or Windows is always a matter of opinion.

I accept your opinion about news. For me, news is positive or negative irrelevant. Jerks for me how the market reacts.

I hope I can help you and wish you a nice weekend.

Hello Bionics,

Thanks for this post.

What do you mean by ""behave properly when in loss"?

Is it about managing the loss when a trade is in negative..as in, cutting short the loss without taking full stop loss when the price does not seem to go in the direction of trade?

OR

Is it about entering next trade after a loss or two etc?

Best Regards,
srby

Hello again Bionics,

Currently, my trading has so much inefficiency. Very small average win for the sake of higher win rate. My psychological drama :-)

I have to work on this aspect and fix it to increase my trading efficiency.

Thanks.

Best Regards,
srby

I'm in!

Erik

Hello gogonkt,

First of all, welcome to our blog. I am pleased that you want to get involved and invite you to this.

Have fun and good luck

Best regards

Hello srby,

First of all, thank you for your comment. I would like to give you an answer to your question. With the right behavior in case of loss several things are meant.

Many traders continue to pull the stop down because they believe the course is turning again. Once you've set your stop, you should stick to it 100%, no matter what the market does afterward. Another point is the psychological side. If you make a profit, you have to accept losses as well. Trading is like your own business. There are also losses there, that's completely normal. But many want to avoid losses and keep pulling their stop. If my set stop is triggered, then it is the same. It often happens that the course returns shortly thereafter. Many dealers are now annoyed. I'm not annoyed by that, but I'm glad that my assessment was correct, but I still have to work at the right entry point. I immediately forget about my loss and focus on the next trade.

When I started as a Scalper many years ago, I came to a quota of over 85% where I was right. But the profits were small, compared to the losses. So at some point I started to run the trade and after a while pulled the stop on the start and just waited. This made the win loss ratio much better. It never annoyed me when the course came back and I was stopped out. This behavior often allowed me to take 10 to 20 times my risk as a profit.

If you deal with the POC and have enough experience, you have much better chances. Today I am able to act with a stop of 2 - 4 Pip. But you should already have some experience. Of course I work with higher contracts in the short term. But I will post a detailed report, because there are many brokers, which are unsuitable for it.
I wish you a nice weekend and I look forward to hearing from you again.

Best regards

Hello Bionics,

Thank you for giving me the link of this thread.
I am in and subscribed to the link.

Hello Rahima Motale,

Very much, and welcome

Best regards

Hello dear traders,


The sideways range is very good to trade with the POC, it is good to sail in a calm channel.






But that's just the calm before the storm. Let's see when the storm starts up. Up to 1.24 then we have little obstacles.

Good luck and see you soon.

Problem of traders: carbon dioxide


I've been asked what a small white box this is, left in the picture next to my trading station.







It is a Co2 meter. What does a trader need a CO2 meter for?

Carbon dioxide or carbon dioxide is a chemical compound of carbon and oxygen with the molecular formula CO2. In high concentrations, this gas can be toxic to humans.

Outdoors there is a CO2 value of about 450 ppm (part per million). In closed rooms, especially in winter, the value can increase enormously.


For values below 800 ppm, the indoor air quality is considered good, values between 800 and 1000 ppm (0.08 to 0.1% by volume) are considered moderate, values from 1000 to 1400 ppm as moderate quality. For values above 1400 ppm, the indoor air quality is considered low. Then you should air. Before I bought the meter, I often had a headache while trading or was tired.

Carbon dioxide dissolved in the blood activates the respiratory center of the brain in physiological and slightly increased concentration. This means that the brain gets too little oxygen. In closed rooms, this often does not occur, you get tired and you get a bad headache.

Since I have the meter I'm warned. As soon as the room air reaches a value of more than 1,400 ppm, the device answers. Then I open the windows for 5 - 10 minutes and the value has dropped to 500 ppm.

Depending on how many people are in the room, the CO2 value goes up faster or slower.

Since then, I'm not tired anymore, I rarely have a headache and the concentration is optimal. I gave such a device to my son's school. If there are 20 children in a room, the CO2 levels are significantly worse. Since they now open the windows more often, the children can concentrate much better.

Such a device you get on Ebay or in stores, it costs about $ 130. Compared to the benefit is little money. Of course you can also open the window from time to time, but you know even if you are in a fever in trading that is quickly forgotten.

Healthy life includes good air and low CO2. Of course, this includes sports, the right diet and a lot of drinking.

Headache and tiredness done.


I wish you a nice week

Hello dear traders,



Today at 14:50, I expected that there will be a small storm and the EURUSD will not stay within its range. There was a little storm, at least 55 pip up. Then he failed the course the second time at 1.23. I think he tries it again.






It's not that I was right, the chance was 50% , it's about how important the POC lines are.

This allows us to often predict the course rotators. Unfortunately, not always.

Beautiful evening

Bionics, whay you won't buy some plants to your room? co2=plant + o

Hello fx.maniek

welcome at our place. I have some plants in the room, but it would take a whole forest to absorb the CO2. We exhale 40,000 ppm of CO2, the plants do not manage in the long run.

best regards

Hello dear traders,


attached the evaluation of my recommendation before 26 hours.






I wish you a nice evening

Dear Traders,

Due to the past in the EURUSD, one could assume that the price may develop in the course of 2018.





One key reason is the Tripple Top that was formed in Mar 15, Nov 15 and Dec 16. This pressure from below could cause prices to rise further in the long term.
However, it goes up in wave movements.





In the weekly chart of the EURUSD, I have once more accurately drawn possible POC lines. These are considered support or resistance levels. The range is between 1.19900 and 1.39900.

Regardless of whether this assumption is right or wrong, it is crucial to chart these POC lines and break them down to smaller units of time.

Why this long-term view?
When I start a journey, I first have to know my destination. Then I plan to stop and start my journey. Obviously, obstacles or problems may occur during this journey. Maybe I have to take a detour or cancel the trip. Important is. I know where I want to go. When and if I arrive first does not matter.

Observe the price chart and how it behaves at the individual zones. This increases your chances of entering the right trade.

Therefore, it does not matter if my forecast for 2018 actually occurs or not. I have a goal. Since I'm not a long-term trader, I can always modify my way if the situation requires it.

Best regards

Dear Traders,


Tonight we had more movement in the Asian region than on average.






This could be an indication that we are either entering a stronger correction phase or that prices are going up sharply in the near future.

Look at the momentum, it gives you lots of direction.

best regards

How do I create important POCs from the past?


Hello dear traders,


As you know, there are 3 states in the market.

1st offer outweighs the demand = price drops
2. Demand outweighs the offer = price rises
3. Supply and demand are balanced

We do not want to act in equilibrium, so we wait until the price goes up or down. The price rises or falls on the POC lines, which we do not find with the help of indicators, but have to draw ourselves. Of course, there are indicators that are very unreliable.

If the course goes up in wavy lines and then falls again, it is easy to determine the POC, because the balance is in the immediate vicinity.

But what happens if the price rises like in the last weeks and you can not find a POC because there is no POC.

The answer: you just have to go far enough into the past.






In the overview of the monthly chart you can see the yellow circle no. 1, which has given the course of 1.24 strong movements. So let's take a closer look at these movements in the 15 M chart. (If there is no important balance, we go to circle 2 or circle 3).






In 15 M Chart Dec 14 I then used the price equilibrium to draw my POC lines (in green). Note that these price movements are over 3 years ago.







Now let's take a look at the current chart EURUSD 23.-24. January 2018. As you can see, this works perfectly. While it is not always possible to predict how the price will behave at the POC, it is easier to anticipate in a smaller unit of time. It is crucial to first identify the balance. After that it can only go up or down. This helps me enormously in the calculation of my trades. With this help, I get a big advantage in the market. If you keep an eye on the momentum, anticipate how the big players think and read their footprints, you already have the key to success in your hands.

Best regards

Hello dear traders,



Here is the update of the chart I posted this morning.







Best regards

Fantastic thread, Michael.