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Trading EURUSD only 43,756 replies

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EURUSD only

  • #48,761
  • Sep 29, 2018 5:28am Sep 29, 2018 5:28am
Quoting Moty
another loosing week . i know the whole teory , but what get wrong with the Application phase , i still need to fix {image} {image} {image}
I find it bizarre Before the market breakout to the downside, You advocate the bear.
Somehow you placed a long position..
This is not investment/trading advise. Will not hold accountable for loss
  • #48,762
  • Sep 29, 2018 5:41am Sep 29, 2018 5:41am
Quoting Moty
another loosing week . i know the whole teory , but what get wrong with the Application phase , i still need to fix {image} {image} {image}
Actually don’t worry... next week monday we will see rally to the upside.
This is not investment/trading advise. Will not hold accountable for loss
  • #48,763
  • Sep 29, 2018 5:41am Sep 29, 2018 5:41am
ok, can be accounted for by interest rate increase.
this should be taken into account.
  • #48,764
  • Sep 29, 2018 5:49am Sep 29, 2018 5:49am
Quoting Moty
another loosing week . i know the whole teory , but what get wrong with the Application phase , i still need to fix {image} {image} {image}
the weekly usd rate increase should have been taken into account.
  • #48,765
  • Sep 29, 2018 6:13am Sep 29, 2018 6:13am
Quoting yousername
{quote} I find it bizarre Before the market breakout to the downside, You advocate the bear. Somehow you placed a long position..
i can't exeplain what came into my head .
just easy money all month long
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yes yes yes
  • #48,766
  • Sep 29, 2018 6:17am Sep 29, 2018 6:17am
For the debate that has been going, I always like the idea of EA's, so you sleep while having a personal ATM generating money for you.
And when I saw this thread, and took a trip inside the rules, it fits me, I like quick trading, and when London open, it's 9 am here, and I have my own workshop, so I get plenty of time sitting on my desk with nothing to do. So the idea is that the rules fit my daily routine.
Now trading on demo is different that trading a real account because of the psychological factors, watching your money as floating loss is extremely hurtful.
1st week, I was trying to follow the signals provided by Ata, but because it's scalping, I always got in and out late, so bad price for me and I felt stupid.
So I checked the rules and asked him a couple of questions and he answered in details, so I started spotting entries for myself, but I still like watching his long term analysis.
During the 1st week, I made all types of newbies mistakes because I'm not familiar with manual trading, I kept chasing the market, taking all types of wrong entries, wrong lot size, and when a trade closed in loss, I open the opposite trade and it also closes in loss, so I made some profits, and lost them all by the end of the week.
the 2nd week, I had the plan written in a paper in front of me, and I followed the rules. It's a small live account, so here you go, you can see the curve during the 1st week when I was learning, and during this week.

If this trading style doesn't fit you, you can always use it on higher timeframes, although I don't know how can we replace London open trendline on those timeframes. Or is it suitable to draw the same line on JPY pairs.. maybe Ata can give his recommendations here.


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  • #48,767
  • Sep 29, 2018 6:28am Sep 29, 2018 6:28am
Quoting Moty
{quote} i can't exeplain what came into my head . just easy money all month long {image} {image}
sorry, but now what's your expectation of the market.?

and what is the reason for
  • #48,768
  • Sep 29, 2018 6:39am Sep 29, 2018 6:39am
Quoting okshop
{quote} to many scalp pages 2 day, a possible poke down on h4 closed {image}
Ata method on 27th would have yield 170 pips +-
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Self discipline It is a practice
  • #48,769
  • Sep 29, 2018 6:40am Sep 29, 2018 6:40am
Quoting tiborf71
{quote} sorry, but now what's your expectation of the market.? and what is the reason for
i don't have expectation from the market , i have expectation from me
i belive that monday will start under barrish cloud .
please , please , that i will wait for short trade only.
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yes yes yes
  • #48,770
  • Sep 29, 2018 6:47am Sep 29, 2018 6:47am
Quoting okshop
{quote} Ata method on 27th would have yield 170 pips +- {image}
That`s correct due to simple method of Ata.
  • #48,771
  • Sep 29, 2018 6:58am Sep 29, 2018 6:58am
according to the paper format, if there is another interest rate increase.
I think this year, is a usd bull.
but it's just paperwork by that means
  • #48,772
  • Sep 29, 2018 7:26am Sep 29, 2018 7:26am
moty do yourself a favor and try stopping jumping around timeframes...when we were the only 2 short at the highs you kept posting 4h charts and you should have stayed on that to close out. yesterday for example towards the end of day you posted a cup and handle 15 min. chart and short time later jumped to hourly and daily chart...just stay to one
buy the rumor,sell the news
  • #48,773
  • Sep 29, 2018 7:40am Sep 29, 2018 7:40am
Quoting Moty
{quote} i can't exeplain what came into my head . just easy money all month long {image} {image}
Hello Moty,

Nothing came into your head...
1. By strategy, you are a contrarian trader.
2. Very few people here can detect reversals and short-term counter trend moves as accurately as you do. And you smell them miles away...
3. The truth is that Chart patterns such as H&S, or price hitting a Pivot or S&R are not enough to open a trade. YOU MUST WAIT FOR A CONFIRMATION SIGNAL BEFORE YOU PULL THE TRIGGER.
4.Reliable confirmation signals or PA if you wish include Pinbar Rejection, Engulfing Patterns and Fakeys...and they must occur at value areas (ie, around Pivots, S&R Levels, or Demand and Supply Zones. Do not open a counter-trend trade before you see any of these...)
5. In most cases, price does not just turn and reverse - even after you sight the chart patterns, or after price hits your key levels. Price is likely to go into a consolidation for hours, days... before you eventually spot the reversal PA in 4 above. Which means you may not be able to open a position for hours or days...PATIENCE is the key to successfully trading your strategy.
6.. I have also noticed that you open multiple positions, even when the trend has not reversed in your favor. If you do not have a lot of money in your account to weather the storm, you may fall into margin traps from time to time.
7. I would advise that you open only one position when you spot a confirmation PA as in 4 above, and when the trade has progressed in your favor, move to BE at least before you add further positions, using Ata's "Trendline Breakout rinse and repeat". Do not open new positions if you are in the red. It is not good money management.

Just thought I should share my observations on your trading behavior...the one piece missing is the confirmation PA.

Sureforex
  • #48,774
  • Sep 29, 2018 8:02am Sep 29, 2018 8:02am
Quoting mbrown
{quote} It's not worth the money. I bought it to build some EAs but after 2 hours of tests realised my error. It looks great but the attached indies give you exactly the same trend signal without the tart's gloss. It doesn't repaint though, nor do the attached indies. {image} {file} {file} {file} {file}
i have downloaded the indicators but it show like this it does not show like your chart i am looking for that indicator since a while but could not coul you please guide me how to adjust it
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MRMALIK1
  • #48,775
  • Sep 29, 2018 8:06am Sep 29, 2018 8:06am
Quoting Sureforex
{quote} Hello Moty, Nothing came into your head... 1. By strategy, you are a contrarian trader. 2. Very few people here can detect reversals and short-term counter trend moves as accurately as you do. And you smell them miles away... 3. The truth is that Chart patterns such as H&S, or price hitting a Pivot or S&R are not enough to open a trade. YOU MUST WAIT FOR A CONFIRMATION SIGNAL BEFORE YOU PULL THE TRIGGER. 4.Reliable confirmation signals or PA if you wish include Pinbar Rejection, Engulfing Patterns and Fakeys...and they must occur at value...

Spot on! Good analysis skills!
  • #48,776
  • Edited 9:58am Sep 29, 2018 8:36am | Edited 9:58am
Quoting okshop
{quote} Ata method on 27th would have yield 170 pips +- {image}
The problem with his strategy is that theoretically if there are 100 traders use his strategy, then there are maybe 100 different trend lines...
for sure out of those 100 trendlines, only Ata’s is the correct one. Furthermore this strategy works when you backtest it on the past, but when you forward test it its another story. Yeah sure you see hundreds of pips in the past, but did you take it or did Ata took it before you all knew it? As far as i know he was bullish at that point....
fyi i took those trades and took at least 100 pips of profits this week.
This is not investment/trading advise. Will not hold accountable for loss
  • #48,777
  • Sep 29, 2018 10:44am Sep 29, 2018 10:44am
Quoting yousername
{quote} The problem with his strategy is that theoretically if there are 100 traders use his strategy, then there are maybe 100 different trend lines... for sure out of those 100 trendlines, only Ata’s is the correct one. Furthermore this strategy works when you backtest it on the past, but when you forward test it its another story. Yeah sure you see hundreds of pips in the past, but did you take it or did Ata took it before you all knew it? As far as i know he was bullish at that point.... fyi i took those trades and took at least 100 pips of...
At first I was using a different angle for drawing the trendline, and I still made profits. That made me more confident because the angle is just a road sign, not an over optimized parameter that will fail when market conditions change. But I was interested in the angle Ata uses to see the difference.
If you can win using different angles for the trend line, then all of them are OK. And that makes the approach even stronger in my opinion.
And I made much more than 100 pips this week trading up and down using the rules on m15.
Doesn't really matter where eurusd is going on the longer term, because in all cases you can make pips on smaller timeframes
  • #48,778
  • Sep 29, 2018 10:52am Sep 29, 2018 10:52am
Quoting Mourad
{quote} At first I was using a different angle for drawing the trendline, and I still made profits. That made me more confident because the angle is just a road sign, not an over optimized parameter that will fail when market conditions change. But I was interested in the angle Ata uses to see the difference. If you can win using different angles for the trend line, then all of them are OK. And that makes the approach even stronger in my opinion. And I made much more than 100 pips this week trading up and down using the rules on m15. Doesn't really...
Glad you know how to make easy money. Keep on taking as it’s effortless.
Inserted Video
Self discipline It is a practice
  • #48,779
  • Sep 29, 2018 10:57am Sep 29, 2018 10:57am
What do you mean it is still strong downtrend on EURUSD? Because from Daily it seems like Shoulder head shoulder...
  • #48,780
  • Sep 29, 2018 10:59am Sep 29, 2018 10:59am
Quoting okshop
{quote} Glad you know how to make easy money. Keep on taking as it’s effortless. https://www.youtube.com/watch?v=sR-i9o5fJMU
Actually it might be beginner's luck. Will see that next week.
I took all signals even if S/R levels say this might be dangerous, only to test the entries. I did that while thinking in automating the rules. But I disregarded this. Manually will give better results. Because I can't code how I feel towards an entry.
Enjoy your weekend.
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