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  • #51,881
  • Oct 11, 2018 10:07am Oct 11, 2018 10:07am
Quoting Almo2312
{quote} Its all speculation no one knows.. Anyway happy for you Trade safe.
According to the rules of the Pitchfork I know where price should go. According to the rules! That doesn't mean it will go there or will rebound, it means according to the rules of the PF I know where price SHOULD go. So since I only trade the Pitchfork it follows I am guided by these rules.
  • #51,882
  • Oct 11, 2018 10:09am Oct 11, 2018 10:09am
Quoting Moty
EUROPE , WE HAVE A PROBLAM. The good data from the US lately , will probably cause further interest rate hikes.
What good data?
  • #51,883
  • Oct 11, 2018 10:12am Oct 11, 2018 10:12am
Quoting mbrown
{quote} According to the rules of the Pitchfork I know where price should go. According to the rules! That doesn't mean it will go there or will rebound, it means according to the rules of the PF I know where price SHOULD go. So since I only trade the Pitchfork it follows I am guided by these rules.
Ok..and still its all speculation,no one know 100% what will be .
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #51,884
  • Oct 11, 2018 10:16am Oct 11, 2018 10:16am
Quoting Almo2312
{quote} Ok..and still its all speculation,no one know 100% what will be .
There's going to be a fight!! LOL Just joking.

Of course it is just speculation and who even needs to be right 30% of the time? With the correct money management and R/R a 30% hit rate is high enough for an extreme cash generator. However, the original question was about my SL and so according to the rules of the Pitchfork I know where price should go and what it should do when it gets there...according to the rules. I know between 1 and 5 pips if it is a rule violation so I set the SL accordingly.

Green pips to you brother and thank you for keeping me honest.

(Of course it is just speculation and who even needs to be right 30% of the time)
Case in point, I've just been stopped out twice on a short and then on a long. I am short again from 1568ish and the equity lost has been restored. That's the value of a tight SL.
  • #51,885
  • Oct 11, 2018 10:32am Oct 11, 2018 10:32am
Quoting mbrown
{quote} There's going to be a fight!! LOL Just joking. Of course it is just speculation and who even needs to be right 30% of the time? With the correct money management and R/R a 30% hit rate is high enough for an extreme cash generator. However, the original question was about my SL and so according to the rules of the Pitchfork I know where price should go and what it should do when it gets there...according to the rules. I know between 1 and 5 pips if it is a rule violation so I set the SL accordingly. Green pips to you brother and thank you...

mb..have you tested v2vbonis neurl net yet,,,,have any feedback?
buy the rumor,sell the news
  • #51,886
  • Oct 11, 2018 10:35am Oct 11, 2018 10:35am
price better close above the 10-3 open today or i may start yanking my hair out
buy the rumor,sell the news
  • #51,887
  • Oct 11, 2018 10:37am Oct 11, 2018 10:37am
Quoting wasntme
{quote} mb..have you tested v2vbonis neurl net yet,,,,have any feedback?
Only briefly to see if it was worth a time commitment. It is definitely worth the time commitment, in fact most of what he produces is worth the time commitments; that trader is very talented so check out the tools because they remove so much noise from price.
  • #51,888
  • Oct 11, 2018 10:39am Oct 11, 2018 10:39am
each time the bools try to get the bears to cover shorts it fails so beginning to think we wont see 1800 but definitly just 1650....that orphaned reversal signal that hasnt been tested
buy the rumor,sell the news
  • #51,889
  • Oct 11, 2018 10:43am Oct 11, 2018 10:43am
Quoting wasntme
that orphaned reversal signal that hasnt been tested
I'm not familiar with it. Please explain.


---------------------------------------------------------

Starting to scalp between 1572 and 1552 for as long as it lasts.
  • #51,890
  • Oct 11, 2018 10:46am Oct 11, 2018 10:46am
its a buy signal on H4 based on volume that failed...
buy the rumor,sell the news
  • #51,891
  • Oct 11, 2018 10:47am Oct 11, 2018 10:47am
above LWMA and LO TL. Hourly TL still holding. M15 channel bottom holding. I will continue buying dips. I do see hourly bearish div however.
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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,892
  • Oct 11, 2018 10:55am Oct 11, 2018 10:55am
here it comes...hes as predictable as the swallows returning to capistrano lol

https://www.forexfactory.com/news.php?do=news&id=833683

Quoting wasntme
plus he doesnt care about norms...he wants to be a tinpot dictator so he'll do everything in his power to influence the fed to stop hiking

here it comes...hes as predictable as the swallows returning to capistrano LOL

https://www.forexfactory.com/news.php?do=news&id=833683
buy the rumor,sell the news
  • #51,893
  • Oct 11, 2018 10:58am Oct 11, 2018 10:58am
Have spent months trying fruitlessly to harmonize Safe SL(based on price structure) and comfortable SL (specified amount of pips one is willing to loose to see if a trade will work).
Comfortable SL that does not meet the SAFE SL criteria run a higher risk of being hit out while setup is still valid. SAFE SL that is too big for comfort, makes the mind restless and leads to poor trade management.
Trading only those setups where SAFE SL is just comfortable pipwise, means missing a great number of good setups just like 3 I missed today....All turned out to make not less that 30pips each. And when ones misses lots of good trades, the mind may get messed with.

Just don't know which of the 3 options I should choose and stick with. This is one of the final jigsaws of my trading puzzles.

My people what's the best option of the 3?
  • #51,894
  • Oct 11, 2018 10:59am Oct 11, 2018 10:59am
i dont know what i did there LOL
buy the rumor,sell the news
  • #51,895
  • Oct 11, 2018 11:00am Oct 11, 2018 11:00am
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  • #51,896
  • Oct 11, 2018 11:03am Oct 11, 2018 11:03am
Quoting raedmaa
check my previous posts, eur usd movment as expected from last week.
If you talked about this post, your stop loss was hit...latter euro made a new low on two consecutive days...
https://www.forexfactory.com/showthr...7#post11549407
Always trade your own plan...I don't provide trading signals.
  • #51,897
  • Oct 11, 2018 11:05am Oct 11, 2018 11:05am
Quoting Donwealt
Have spent months trying fruitlessly to harmonize Safe SL(based on price structure) and comfortable SL (specified amount of pips one is willing to loose to see if a trade will work). Comfortable SL that does not meet the SAFE SL criteria run a higher risk of being hit out while setup is still valid. SAFE SL that is too big for comfort, makes the mind restless and leads to poor trade management. Trading only those setups where SAFE SL is just comfortable pipwise, means missing a great number of good setups just like 3 I missed today....All turned...
Don, its all about probability and levels. The reality is we win some we loose some.
Had three trades yesterday. Two made money one got stopped out, but overal picture was still profitable risk reward.
follow your rules and by all means, something very key is picking the levels. while lower time frames may pose nice setups consider where they are in the greater scheme of things.

If its mid range id rather sit out in a bid to avoid massive DD.

Just my 2cents worth. Often times our analysis is correct but we enter prematurely...just like a partner that may get upset if you have premature ejaculation the market will also get just as upset with you....
patience and levels with nice tight SL is very key.....
4&1 All Time Profit: $37,496
  • #51,898
  • Oct 11, 2018 11:07am Oct 11, 2018 11:07am
Quoting Donwealt
Have spent months trying fruitlessly to harmonize Safe SL(based on price structure) and comfortable SL (specified amount of pips one is willing to loose to see if a trade will work). Comfortable SL that does not meet the SAFE SL criteria run a higher risk of being hit out while setup is still valid. SAFE SL that is too big for comfort, makes the mind restless and leads to poor trade management. Trading only those setups where SAFE SL is just comfortable pipwise, means missing a great number of good setups just like 3 I missed today....All turned...
I’d go with safe. Money is money and honestly, principle wise even if you’re comfortable with losing x amount of dollars doesn’t mean you just give it up like that - might as well throw it out the window. IMO safe (and tight) SL at strong S/R is the option I would choose, because price doesn’t travel linearly.. if you enter just at the S/R areas and you’re stopped out, chances are price will re-test that area at least one or two more times before making a decision on whether it’s plowing through or bouncing back.

Making less money beats losing money. Always a chance to re-enter when the market moves 24/5.
You hesitate, you masturbate.
  • #51,899
  • Oct 11, 2018 11:16am Oct 11, 2018 11:16am
come on bools...put on the uniforms and lets cheer price higher

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buy the rumor,sell the news
  • #51,900
  • Oct 11, 2018 11:25am Oct 11, 2018 11:25am
such a stupid mistake in code, fixed now

1.1708 tp
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