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The Strength of USD

  • #181
  • Jul 27, 2018 4:17am Jul 27, 2018 4:17am
Quoting 4for4
{quote} The Plan-B in term of O.C.O (One Cancels Other): - Buy-Stop GBP @ 1.3216 —> 1.3070 / 1.3361 ...
Change the EP:
- Buy-Stop GBP @ 1.3125 —> 1.3070 / 1.3361 ...
Market is not random but unpredictable
  • #182
  • Jul 27, 2018 10:54am Jul 27, 2018 10:54am
Quoting 4for4
{quote} Change the EP: - Buy-Stop GBP @ 1.3125 —> 1.3070 / 1.3361 ...
The Buy-Stop was executed on 27-Jul-2018 17:07 MT5 ...
Cancelled the Buy-Limit ...
Market is not random but unpredictable
  • #183
  • Jul 29, 2018 5:51pm Jul 29, 2018 5:51pm
Quoting 4for4
{quote} The Buy-Stop was executed on 27-Jul-2018 17:07 MT5 ... Cancelled the Buy-Limit ...
Buy GBP @ 1.3125 —> 1.2956 / 1.3361 ... (New SL)
Market is not random but unpredictable
  • #184
  • Aug 2, 2018 10:09pm Aug 2, 2018 10:09pm
Quoting 4for4
{quote} Buy GBP @ 1.3125 —> 1.2956 / 1.3361 ... (New SL)
Buy GBP @ 1.3125 —> 1.2956 / 1.3212 ... (New TP)
Market is not random but unpredictable
  • #185
  • Edited 8:13am Aug 3, 2018 7:59am | Edited 8:13am
List of new targets for “Weak USD”: (-vs- Closing on 03Aug 15:00 MT5)
- AUD = 0.7462 ... (0.7389)
- NZD = 0.6848 ... (0.6743)
- JPY = 110.57 ... (111.45)
- EUR = 1.1748 ... (1.1594)
- GBP = 1.3212 ... (1.3015)
- Gold = 1235.0 ... (1214.2)
- Silver = 15.65 ... (15.43)
Market is not random but unpredictable
  • #186
  • Aug 6, 2018 3:53am Aug 6, 2018 3:53am
Quoting 4for4
{quote} Buy GBP @ 1.3125 —> 1.2956 / 1.3212 ... (New TP)
SL was hit on 06-Aug 11:46 MT4 = -169 ...
Market is not random but unpredictable
  • #187
  • Aug 26, 2018 9:43pm Aug 26, 2018 9:43pm
Treat trading like fishing for a particular type of fish with a rod ...
Market is not random but unpredictable
  • #188
  • Aug 29, 2018 8:48pm Aug 29, 2018 8:48pm
Knowing (Determining) when to stop playing/trading is of paramount importance before starting gambling/trading ...
Market is not random but unpredictable
  • #189
  • Aug 29, 2018 9:01pm Aug 29, 2018 9:01pm
UJ D1 in short retracement into 110.837 area.
short term is very very welcome there.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.JPG Size: 168 KB
Profit growth tells you the trader ability.
  • #190
  • Edited Aug 30, 2018 7:46am Aug 29, 2018 9:05pm | Edited Aug 30, 2018 7:46am
Always use a “stop-order” to initiate a position even though the intended position was on a “buy low, sell high” scheme ...

Example: Let’s say that I intend to sell JPY @ High-of-01Aug (112.13) with SL @ High-of-19Jul (113.20). At current running price of 111.62, I should be using a limit-order to initiate that position. Instead, to be on a “safer” side, I will wait for the price to reach 112.13 first, then put in a trailing stop-order @ previous-daily-low to initiate the intended Sell-JPY position. If the predetermined-SL is reached first before the position is initiated, I will abandon this sell attempt ...
Market is not random but unpredictable
  • #191
  • Edited 10:56pm Aug 31, 2018 10:43pm | Edited 10:56pm
Attached Image (click to enlarge)
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After a long downtrend, which was started at around the beginning of this year, I perceived that the AUD is about to make a correction ... My perceived setup is a “Buy-Limit AUD @ 0.7201 —> 0.7022 / 0.7380” ...

Taking on my own advice of using stop-order to initiate a position after the intended entry price is reached, I put in a “Buy-Stop AUD @ Yesterday’s High” together with initial SL and TP ... As long as the previous day’s high is above the initial reference price (0.7201), I will trail the entry on the daily basis. If previous day’s high goes below the reference price or initial SL is reached first, I will abandon this trade ...
Market is not random but unpredictable
  • #192
  • Aug 31, 2018 11:00pm Aug 31, 2018 11:00pm
This is its daily view ...

Attached Image (click to enlarge)
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Market is not random but unpredictable
  • #193
  • Sep 3, 2018 5:40pm Sep 3, 2018 5:40pm
Quoting 4for4
{image} After a long downtrend, which was started at around the beginning of this year, I perceived that the AUD is about to make a correction ... My perceived setup is a “Buy-Limit AUD @ 0.7201 —> 0.7022 / 0.7380” ... Taking on my own advice of using stop-order to initiate a position after the intended entry price is reached, I put in a “Buy-Stop AUD @ Yesterday’s High” together with initial SL and TP ... As long as the previous day’s high is above the initial reference price (0.7201), I will trail the entry on the daily basis. If previous day’s...
Trailing EP to yesterday’s high:
Buy-Stop AUD @ 0.7226 —> 0.7022 / 0.7380 ...
Market is not random but unpredictable
  • #194
  • Sep 4, 2018 1:25am Sep 4, 2018 1:25am
Quoting 4for4
{quote} Trailing EP to yesterday’s high: Buy-Stop AUD @ 0.7226 —> 0.7022 / 0.7380 ...
Executed on 04-Sep-2018 07:51 MT5:
Buy AUD @ 0.7226 —> 0.7022 / 0.7380 ...
Market is not random but unpredictable
  • #195
  • Sep 7, 2018 11:21pm Sep 7, 2018 11:21pm
If a trading strategy can’t be backtested, it means that the strategy is not well-defined ...
Market is not random but unpredictable
  • #196
  • Sep 8, 2018 12:06am Sep 8, 2018 12:06am
Backtesting is over rated.
Some times things correlate for a while.. other times there is no correlation.
Being a good traders you know conditions are right for your trade.. also you know when things seem off... and you skip that trade.
There is no realistic way to backtest some trades.. Its more of looking around at the current conditions and making a judgement call.
The only system that will work is one designed by and for yourself.
  • #197
  • Sep 9, 2018 4:57am Sep 9, 2018 4:57am
How can we have patience when we don’t know what we are waiting for? ...
How can we be disciplined when we have no rules to adhere to? ...
How can we have confidence when we don’t know what we are doing? ...

Attached Image
Market is not random but unpredictable
  • #198
  • Edited 9:07am Sep 11, 2018 3:52am | Edited 9:07am
The 3M of Trading Components:
1. Method: Have a statistically-viable approach ...
2. Money Management: Before opening a trade, know and accept its risk-and-reward ...
3. Mental: If the above two are fulfilled, we can trade in a “carefree” state of mind ...

Trading is never about the market dictating our actions, it’s about waiting for the market to fulfill and finish our trading plans ...
Market is not random but unpredictable
  • #199
  • Sep 13, 2018 8:33pm Sep 13, 2018 8:33pm
Quoting 4for4
{quote} Executed on 04-Sep-2018 07:51 MT5: Buy AUD @ 0.7226 —> 0.7022 / 0.7380 ...
Buy AUD @ 0.7226 —> 0.7164 / 0.7380 ... (New SL)
Market is not random but unpredictable
  • #200
  • Sep 14, 2018 6:22pm Sep 14, 2018 6:22pm
Quoting 4for4
{quote} Buy AUD @ 0.7226 —> 0.7164 / 0.7380 ... (New SL)
Executed on 14-Sep-2018 19:01 MT5 = -62 ...
Market is not random but unpredictable
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