The only thread you will ever need: FX Exposed! | Page 99 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trendline Break (The Only System You Need) 651 replies

There is no Magic Moving Average - You need only one 1,116 replies

You only need 10 trades to turn 1.000 to 1.000.000... 9 replies

Did it ever happen to you? you had to change rules! 23 replies

Lessons you learn only when you blow up your account. 7 replies

Attachments: The only thread you will ever need: FX Exposed!
Exit Attachments

The only thread you will ever need: FX Exposed!

  • #1,961
  • Jun 8, 2018 12:17am Jun 8, 2018 12:17am
Burrito!

Done for the day and the week!
Happy trading guys! dont forget to enjoy live outside the markets!
Persistence will get it. Consistency will keep it.
  • #1,962
  • Jun 8, 2018 12:21am Jun 8, 2018 12:21am
Quoting VEEFX
As I said earlier, Thursday London Open and I go into Idle state of affairs... waiting for trades to go break even, or small loss or when time comes to do Close-All on Friday Close. I do let some run over weekends but only when my realized profits are very high and when my floating losses are just a handful... depending on the overall exposure within my tolerance. Out of 100s of positions every week, about 30% are "floaters" that simply go reverse against me. Just waiting and getting out helps... it's in the dba of trading a pair BUT have to get...
Looks like something that this guy made an EA for tread starter https://www.forexfactory.com/showthr...7#post10946167 you can trade both way (hedge) and new order opens when x pip has moved?
  • #1,963
  • Jun 8, 2018 12:31am Jun 8, 2018 12:31am
Quoting El1000
{quote} Looks like something that this guy made an EA for tread starter https://www.forexfactory.com/showthr...7#post10946167 you can trade both way (hedge) and new order opens when x pip has moved?
Not at all close to what I do. Seems like a single pair solution and I do not hedge to protect losses or freeze profits. I will stop here as this is not my thread. I just wanted to address the "aggressive" and blowup misnomer that FF mentions earlier today by sharing way more than my comfort level. Now if I account blows up in flames, I will have to blame this thread LMFAO
Staying in my lane...
  • #1,964
  • Jun 8, 2018 1:17am Jun 8, 2018 1:17am
Quoting VEEFX
Price is always trending as long as there is a difference between price A to price B greater than spread. That's the foundational definition of trend You cannot make profit with a trend by this definition. Right?
Hello Veefx.

For example, if the difference between point A and B is 2 pips (greater than the spread of 1.3) then there is a trend right? you can make a profit of 0.7 pips.

If trend is the difference between price A to B = spread, then you cannot make profit. right?

Green pips.
Bottomless wonders spring from simple rules, which are repeated without end
  • #1,965
  • Jun 8, 2018 2:07am Jun 8, 2018 2:07am
Quoting VEEFX
{quote} Should I go on further or stop here to get an idea of why/how I have completely eliminated manipulation from my focal interpretation of Price? Happy reading guys!
I really don't know if your reasoning will take me to something tangible to implement in my trading, but certainly your posts are refreshing but more importantly make one thinks and willing to experiment.... if somebody attacks your posts ... is no doubt and idiot, so keep 'em coming.
  • #1,966
  • Jun 8, 2018 2:13am Jun 8, 2018 2:13am
99 pages and counting ...

Anyone got what's going on in this thread? Yet
Double the account
  • #1,967
  • Jun 8, 2018 2:28am Jun 8, 2018 2:28am
"Happy trading guys! dont forget to enjoy live outside the markets! "


Yes,
that is a good point.

Out of experience,
I can tell you that watching charts while trading for 10h a day implies several HEALTH risks.

Therefore,
you NEED to do sports at least every second day or so,
you NEED to watch your diet,
you NEED to find ways to mentally re-charge, such as meditation.

FF
www.sme-fx.com
  • #1,968
  • Jun 8, 2018 2:40am Jun 8, 2018 2:40am
Attached Image
www.sme-fx.com
  • #1,969
  • Jun 8, 2018 2:42am Jun 8, 2018 2:42am
"of all reading, experience, in my opinion, retail traders are given only a very slim chance to achieve the so-called success of being a millionaire. like a pinhole. and therefore the journey of being a forex trader must be very careful. "


Yes,
that is correct.

The odds are significantly against you because of:

- SM manipulation
- broker manipulation
- the fact that you PAY commissions, spread, slippage
- the fact that most are not able to trade fulltime
- etc.

FF
www.sme-fx.com
  • #1,970
  • Jun 8, 2018 2:45am Jun 8, 2018 2:45am
It is quite interesting how this ILLUSION of making "extra money" by just investing 2h per day in following some repainting arrows on your charts became so popular.

I guess people are fascinated with that THEORETICAL possibility; just to wake up to a nasty reality.

Look at what I show you here.

The SM Machine / Market Maker Algo manipulation is amazing; probably the world's biggest fraud in terms of monetary value.

Yes, it is a crazy world we live in. At least the human-made one.

FF
www.sme-fx.com
  • #1,971
  • Jun 8, 2018 3:01am Jun 8, 2018 3:01am
Quoting MasterNed
You got have to love Market Makers. They behaved today. 50+ pips on GBPCHF. Half a batman ( JustPipping knows what I am talking about). {image}
It's a typical pattern for them based on what Steve Mauro says. Go to YT and You will find his methodology.
Down with W pattern with fast moving prices to pretend breaking of daily low, then pull back, 3 moves to the high, batman hat and pulled down with trapped on long positions. But I was observing it quite frequently on m15. Glad they didnt stop
  • #1,972
  • Jun 8, 2018 3:23am Jun 8, 2018 3:23am
Quoting FractalFreak
Kkptra, these are old charts of mine, but to back up my answer to your question; this is the DAX, Gold, Silver..... SAME thing (while the actual mechanics ARE somewhat different)... {image} {image} {image}
It would be nice to gain even 1 week knowing ahead.
Pattern is clear, when DM goes long, price drops and vice versa.

But how to know it before ?
Reverse thinking ? I want to go long, cause "I think so" so belonging to DM, I should reverse ?
But the problem is, there are trades which I succeed, what about it ?

I still miss something here, but dont know what.
  • #1,973
  • Jun 8, 2018 4:02am Jun 8, 2018 4:02am
Quoting qantm11
{quote} It would be nice to gain even 1 week knowing ahead. Pattern is clear, when DM goes long, price drops and vice versa. But how to know it before ? Reverse thinking ? I want to go long, cause "I think so" so belonging to DM, I should reverse ? But the problem is, there are trades which I succeed, what about it ? I still miss something here, but dont know what.
myfxbook has an outlook how many are buying selling
https://www.myfxbook.com/community/outlook

but i don't think it's enough.
  • #1,974
  • Jun 8, 2018 4:59am Jun 8, 2018 4:59am
Quoting qantm11
{quote} It's a typical pattern for them based on what Steve Mauro says. Go to YT and You will find his methodology. Down with W pattern with fast moving prices to pretend breaking of daily low, then pull back, 3 moves to the high, batman hat and pulled down with trapped on long positions. But I was observing it quite frequently on m15. Glad they didnt stop
You got it right! Me too!

I overslept and missed all the nice moves this morning... But, who cares. There always will be another day with another setups.
  • #1,975
  • Jun 8, 2018 5:28am Jun 8, 2018 5:28am
Attached Image
www.sme-fx.com
  • #1,976
  • Jun 8, 2018 5:30am Jun 8, 2018 5:30am
"It's a typical pattern for them based on what Steve Mauro says. Go to YT and You will find his methodology"

I looked at it,

seems like what he refers to as "W" and "M" pattersn is what I call "fake support", "fake resistance".....see video...

FF
www.sme-fx.com
  • #1,977
  • Jun 8, 2018 5:33am Jun 8, 2018 5:33am
Guys,

as a general rule,

do NOT trust any "social trading" websites....

they do fake accounts ..

they are paid by retail broekrs for bringing sheep to the slaughter house.....

ppl who believe they can just "follow trade" successful traders do not understand that they breach the most fundamental principles in trading....

FF
www.sme-fx.com
  • #1,978
  • Jun 8, 2018 5:47am Jun 8, 2018 5:47am
Quoting FractalFreak
{image}
I wonder if I gonna take this one more time Thank you, but remember the SM could be watching
  • #1,979
  • Jun 8, 2018 5:49am Jun 8, 2018 5:49am
Attached Image
www.sme-fx.com
  • #1,980
  • Jun 8, 2018 5:50am Jun 8, 2018 5:50am
"Thank you, but remember the SM could be watching "


SM IS watching.

FF
www.sme-fx.com
2 traders viewing now