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Price is everything

  • #31,141
  • Dec 7, 2018 2:42am Dec 7, 2018 2:42am
Quoting jarfx05
{quote} here you have all the indicators. You need a renko {image}
Hi,

Thanks !
  • #31,142
  • Dec 7, 2018 12:48pm Dec 7, 2018 12:48pm
Mates,

Let's assume that you can get the answer to one question regarding a technical or fundamentals or structure or whatever. You can get any data, any information ... besides a question about what MM will do.

What informations/data/question would you ask to prepare 100% certain entry into the Forex position?
  • #31,143
  • Dec 8, 2018 8:00am Dec 8, 2018 8:00am
Quoting FunkyKoval
Mates, Let's assume that you can get the answer to one question regarding a technical or fundamentals or structure or whatever. You can get any data, any information ... besides a question about what MM will do. What informations/data/question would you ask to prepare 100% certain entry into the Forex position?
Where is my coffee?
  • #31,144
  • Dec 8, 2018 9:58am Dec 8, 2018 9:58am
Quoting xau
{quote} Where is my coffee?
Thanks, You can also answer for my post like that. I understand that your coffee has a special power

But from other hand I could you build a really helpful question ? I am asking seriously, unless your answer is no such information?

... and let's see what others write
  • #31,145
  • Dec 9, 2018 1:33pm Dec 9, 2018 1:33pm
Quoting profitnik
{quote} its cool, thanks. but i don't see indicator renko? What is his name?
HI,
Point O

Attached Image
if you're doing we all have results with all
  • #31,146
  • Dec 11, 2018 3:31pm Dec 11, 2018 3:31pm
There are many good systems. No matter what system you use. Your money will be more secure if you look at important price levels. That's all.

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if you're doing we all have results with all
  • #31,147
  • Dec 12, 2018 8:03am Dec 12, 2018 8:03am
Quoting jarfx05
There are many good systems. No matter what system you use. Your money will be more secure if you look at important price levels. That's all. {image}
Mate how you calculate / draw this ?
  • #31,148
  • Jan 9, 2019 11:04pm Jan 9, 2019 11:04pm
Quoting FunkyKoval
{quote} Mate how you calculate / draw this ?

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if you're doing we all have results with all
  • #31,149
  • Jan 13, 2019 7:16am Jan 13, 2019 7:16am
Quoting FunkyKoval
{quote} Mate how you calculate / draw this ?
I think that there is nothing to complicate trivial topics. the price of the tea will be north or south. If you open the order, not once in the evening, what will happen later. The only thing you can do is control the price. very easy

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if you're doing we all have results with all
  • #31,150
  • Jan 14, 2019 4:44am Jan 14, 2019 4:44am
wooah, like those side bars, look really cool.
  • #31,151
  • Jan 15, 2019 2:35am Jan 15, 2019 2:35am
Quoting jarfx05
{quote} I think that there is nothing to complicate trivial topics. the price of the tea will be north or south. If you open the order, not once in the evening, what will happen later. The only thing you can do is control the price. very easy {image}
Hi,

Can share this template?

And also what is the renko box?
  • #31,152
  • Jan 15, 2019 11:03am Jan 15, 2019 11:03am
Quoting LuizSchiavi
{quote} Hi, Can share this template? And also what is the renko box?


I think I do not have to comment because everything can be seen on the graph. you'll find the tools you need here.

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https://www.forexfactory.com/showthread.php?t=684131
if you're doing we all have results with all
  • #31,153
  • Jan 16, 2019 3:53am Jan 16, 2019 3:53am
Quoting FunkyKoval
Mates, Let's assume that you can get the answer to one question regarding a technical or fundamentals or structure or whatever. You can get any data, any information ... besides a question about what MM will do. What informations/data/question would you ask to prepare 100% certain entry into the Forex position?
Where are the largest packets of stops against the current trend?
  • #31,154
  • Jan 16, 2019 3:33pm Jan 16, 2019 3:33pm
Quoting FunkyKoval
Mates, Let's assume that you can get the answer to one question regarding a technical or fundamentals or structure or whatever. You can get any data, any information ... besides a question about what MM will do. What informations/data/question would you ask to prepare 100% certain entry into the Forex position?

First, I would realize that trading is about PROBABILITIES, not certainties. And as long as I was focusing on always being right, I was doomed to fail.

As to my question, it would be: "Where are the most traders stuck?" Or " What price level(s) represent the area(s) where buyers are most likely to defend or sellers are most likely to defend?

For me, it's all about seeing what you want to see; where you want to see it.
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #31,155
  • Edited 7:02pm Jan 16, 2019 6:51pm | Edited 7:02pm
Agree with this: "what you want to see; where you want to see it."

But I suggest that "probability" has nothing at all to do with successful trading. I know. Heresy!!! I submit that anticipated price action based on another specifically observed repeated price action (pattern) will not repeat itself consistently one way or the other over the long term. In other words you may see a specific PA result in another PA with a tendency toward a higher percentage one way or the other over a period of time but eventually the tendency will reverse. So at any given specific time in a certain context it may suggest that price is going to go in a certain direction but it is never a sure thing. Therefore only one thing is sure. RISK:REWARD.

This is why traditional supply and demand trading eludes so many traders with it's over simplicity of trading zones of supply and zones of demand in a certain way, The fact is these so-called zones will likely succeed as often as they fail. Other factors that most fail to see intervene and prevail.

Success in trading is "what you want to see; where you want to see it." and has everything to do with RISK:REWARD.

If a specific occurrence of price action occurred with a certain absolute probability then one would necessarily be required to trade that occurrence 100% of the time in order to benefit from it. This is the dumbing down of wanna-be traders: Obsession with identification of patterns and setups in PA and indicators.

So what to do? Forget probability and follow and get in tune with price and participate with buyers and sellers when opportunity presents. Finally refuse to accept 1:1 R:R as this will result in losses over a not so very long term period.
  • #31,156
  • Jan 17, 2019 12:38am Jan 17, 2019 12:38am
Quoting HiddenGap
{quote} First, I would realize that trading is about PROBABILITIES, not certainties. And as long as I was focusing on always being right, I was doomed to fail. As to my question, it would be: "Where are the most traders stuck?" Or " What price level(s) represent the area(s) where buyers are most likely to defend or sellers are most likely to defend? For me, it's all about seeing what you want to see; where you want to see it.
Correct; there is no guarantee! Forex is all about probabilities; no one can make here 100% success ratio in a long time.
  • #31,157
  • Feb 12, 2019 1:17am Feb 12, 2019 1:17am
Kind help please. Does anyone know where I could find a summary of this Red's price action strategy? Going through 1500 pages will take so many months me being a non-native English learner.

Any ideas please...
  • #31,158
  • Feb 12, 2019 7:49am Feb 12, 2019 7:49am
Why be like that? What are the factors that make it that way?
  • #31,159
  • Feb 12, 2019 6:02pm Feb 12, 2019 6:02pm
Quoting sameer99
Kind help please. Does anyone know where I could find a summary of this Red's price action strategy? Going through 1500 pages will take so many months me being a non-native English learner. Any ideas please...
Try this https://www.scribd.com/doc/166058758...-is-Everything
  • #31,160
  • Feb 12, 2019 7:17pm Feb 12, 2019 7:17pm
Quoting sameer99
Kind help please. Does anyone know where I could find a summary of this Red's price action strategy? Going through 1500 pages will take so many months me being a non-native English learner. Any ideas please...
Red was a great trader and yet he vanished without a trace. His fleeting success had much to do with feel of the market rather than any specific setups. Most S/D traders singularly focus and become obsessed with so-called supply/demand zones and quickly find out that many such zones regularly fail. It will become obvious to any trader beginning with s/d that the zones by themselves are not the answer. Many s/d traders preach the mantra "pick good quality zones" but are incapable of quantifying/qualifying such zones. Red gives a clue in his first posts by saying he is more or less a swing trader but as his posts progress through the thread it is apparent that Red seems to lose touch with this initial revelation. C12 seems to have a grasp on zones and has a very specific strategy to deal with them in multi time frame fashion. I would say he has the best grasp of s/d to date and yet his success as far as can be seen is undocumented. His thread is worth a look.
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