Am I wrong?
1
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Disliked{quote}My version: " The more time one spend looking at an indicator angle, the more time he has wasted and he will still be losing his hard-earned money trading retail forex".Ignored
Disliked{quote} DJ Pun intended: How long do you stare at those two MA indicator's?Ignored
Disliked{quote} My Version The more time one spend looking at an indicator angle, the more time they have wasted not understanding the current market type therefore taking the wrong trades at the wrong time at the expense of there Equity.Ignored
DislikedToo early. - Green has not grossed red. - Lower time frames show massive consolidation, support level, stoch wrong direction A lot of reasons not to trade and to wait. {image}Ignored
Disliked{quote} Not long, just several seconds everytime new daily candle occured. FYI, i dont trade the cross of those two MA's. Im used those as "mean reversion". Im used those as dynamic support resistance. Im used those as confluence.Ignored
Disliked{quote} DJ You not stupid. ------ What do you mean by those three point's DJ? I can not see how they can give those type of information. Can understand: crossover = change in trend direction. Band's far apart = momentum When they entwine each other = consolidationIgnored
Disliked{quote} Yup, its good when trade TDI cross in same direction with main trend, but not always good decision. When trade TDI cross against the trend, is bad decision, but not always bad decision. Trading is probability game. How you win this probability game? For me, this is my tool, its called Risk Reward. Risk Reward is crucial. Risk reward is the most important aspect of trading. See table below, even with 30% of winner, can produce money bigger than 70% of winner. {image}Ignored
Disliked{quote} {image} After 2 weeks, this starts to move below the Entry Price level. With some profits from the last 2 weeks, I can now start to scale-in more positions. {image}Ignored
Disliked{quote} on the 25% winning one you are forced to risk small percentages of your account or you will slip into huge drawdown sooner or later. easy to get 20 losers in a row with that kind of winrate. what will that do to your account if risking 2% or more per trade? the 70% winner is superior as you will slip into less drawdown and can also safely risk more of your account per tradeIgnored
Disliked{quote} I think you had misconception about that risk reward. Here example to explain those risk reward table. I will take this pinbar trade if those trade give me atleast 2 times risk. In this picture below, its give me potential profit 4,4 times risk to the price target. So i will take that pinbar trade. If we only looking trade with minimum 4 times risk, in 10 trade, and 7 is loser, we still make profit bigger than 1 times risk. {image}Ignored
Disliked{quote} I think you had misconception about that risk reward. Here example to explain those risk reward table. I will take this pinbar trade if those trade give me atleast 2 times risk. In this picture below, its give me potential profit 4,4 times risk to the price target. So i will take that pinbar trade. If we only looking trade with minimum 4 times risk, in 10 trade, and 7 is loser, we still make profit bigger than 1 times risk. {image}Ignored
Disliked{quote} what was the price action that made you want to place trades here?Ignored
Disliked{quote} My answer is simple. I dont want to debate about your chart and my chart. Me and you have different view, Me and you have different believe. My view using those two MA's is price action is under that two MA's So its downtrend, and as you can see those two MA's act as resistance in downtrend and also act as mean reversion in downtrend. When i drop TDI to my chart, its clear, its downtrend. RSI stay below 50 level, so its downtrend, as we know TDI is based on RSI. So its same result about reading the trend, with using two different tools....Ignored
Disliked{quote} I think you had misconception about that risk reward. Here example to explain those risk reward table. I will take this pinbar trade if those trade give me atleast 2 times risk. In this picture below, its give me potential profit 4,4 times risk to the price target. So i will take that pinbar trade. If we only looking trade with minimum 4 times risk, in 10 trade, and 7 is loser, we still make profit bigger than 1 times risk. {image}Ignored
Disliked{quote} If you like MA crossover, Big E posted one in his old thread. https://www.forexfactory.com/showthr...69#post4353069 But remember, #1 importance is the PA #2 is the TDI for confirmation of the price momentum. {image}Ignored
Disliked{quote} This pinbar trade only example to measure risk reward. That pinbar is not good example for entry.Ignored
Disliked{quote} Hi Emm, I dont focused on MA crossover. Im used those as "mean reversion". Im used those as dynamic support resistance. Im used those as confluence. Agreed, #1 importance is the PA. About #2 is the TDI for confirmation of the price momentum. I dont used it anymore as confirmation, because every pinbar and engulfing always give same momentum on TDI. So im take it down. I think my chart is not relevant anymore here in TMS thread. I just dont know where to post my chart. Because im start in here, im keep posted here.Ignored