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  • #10,601
  • Dec 25, 2018 9:45pm Dec 25, 2018 9:45pm
Hi Prf Frm,

Very good. Yes I take your point.

If your basket remains no higher than 3 entries you will be below the self imposed 0.10 set lot trade and better positioned to profit.

You could also use fib increases as your spiral as 0.01, 0.01, 0.02, 0.03, 0.05 = 0.12 lots only
and get 5 trades in the basket (instead of 0.31 on a martingale at a basket of 5).

Should price run further away and you increase your martingale to 8 trades then you would then have 2.55 lots in the trade, and margin would be tested.

So 3 sounds good. Yes.


This is trade management and is the most interesting topic when a trader gets past what METHOD they use to select a trade.

Thx again Prf Frm.

The big take out for me from your offering is - TIMING.

That’s my Achilles Heel at this point in my FX endeavours. And I will work on that & fine tune it.

Cheers
  • #10,602
  • Edited 8:50am Dec 26, 2018 3:51am | Edited 8:50am
The biggest problem with gambling is not admitting when you are wrong.....................
You can pretend all you like, that it will come back and you will get at least the stake back, then pray, please god, I will never do it again..........

Money management in a losing strategy is only going to slow the bleeding of the account. Death by a thousand cuts.
No stoploss means you are not prepared for the inevitable.

By your own admission, this is not a strategy for long term profitability.
It never gets easier, you just get better
  • #10,603
  • Dec 26, 2018 4:09pm Dec 26, 2018 4:09pm
“The biggest problem with gambling is not admitting when you are wrong.....................”
LOL, Hi Shabs (he might be advising himself maybe )


Since I started reading this thread (but two months into Frac’s offerings) I can’t stop looking at charts now. Over and over, investigating them & just poring over them.


Today I have 3 people I wish to thank, for the beauty of it all, and how I look at FX like never before.


Firstly, Frac, of course
(& Shab’s maybe who has encouraged me more now - by his comments to me - to further explain what I saw in Frac’s charts)

Secondly, to a great friend in our own country, who said to me yesterday …
“Pete, if you believe in the SM PROCESS then it WON’T MATTER if it’s Boxing Day and all the banks are closed in the Western world, SM will do what they always do”
(I was gun shy from a pasting I got last year).

And thirdly, to ProfitFarmer, who has twice (and on separate occasions) said to me, TIMING.
When someone says something to me twice like this (not pushed down my throat – just expressed in genuine conversation), I think hard about what was said.

(PF, this gelled with something else Frac had also said, Time & Range, so I had already searched around to find out more about this. Today’s trade was setup over a 7 hour period = time, and you can see where price stayed in range during that time. )


The trade entry process was from the 15m chart. Before that I had zoomed out to the 4hr, and also the 1 day chart to get a feel for the structural movement of the pair. (I wouldn’t want to gamble blindly LOL )

I only trade 4 pairs total which I have come to know intimately over the past 3 months since Frac’s charts, and I ONLY trade one pair at a time (as a basket) until that trade is closed as a loser or a winner.

So USDCAD was the single pair (and trade) yesterday where I saw the structure I wanted, and I traded it. First trade was just before 5pm Brizzie time (Frankfurt open), the last 3 at 11.30pm (after NY open), 11.50pm, and 12.05am. Basket set.

News data came in at midnight, was green for the USD lol. Of course price went in the opposite direction after sucking in some longs. Gotta love SM.

No yellow arrows or commentary anymore from me. Zoom out your own chart to 4hr then 1 hour.

The SM process is clear to me now, but it does take some looking to see what it actually is.

With better timing I was able to get set on 4 trades (of my basket of 6 max) to achieve my target, which was 25 pips yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15 same old proces.png Size: 27 KB
  • #10,604
  • Dec 26, 2018 4:47pm Dec 26, 2018 4:47pm
Quoting TimeTells
“The biggest problem with gambling is not admitting when you are wrong.....................” LOL, Hi Shabs (he might be advising himself maybe ) Since I started reading this thread (but two months into Frac’s offerings) I can’t stop looking at charts now. Over and over, investigating them & just poring over them. Today I have 3 people I wish to thank, for the beauty of it all, and how I look at FX like never before. Firstly, Frac, of course (& Shab’s maybe who has encouraged me more now - by his comments to me - to further explain what I saw...

yeah bro its called liquidity wick but those greedy people wont tell you
  • #10,605
  • Dec 26, 2018 4:49pm Dec 26, 2018 4:49pm
Quoting TimeTells
“The biggest problem with gambling is not admitting when you are wrong.....................” LOL, Hi Shabs (he might be advising himself maybe ) Since I started reading this thread (but two months into Frac’s offerings) I can’t stop looking at charts now. Over and over, investigating them & just poring over them. Today I have 3 people I wish to thank, for the beauty of it all, and how I look at FX like never before. Firstly, Frac, of course (& Shab’s maybe who has encouraged me more now - by his comments to me - to further explain what I saw...
Comparing your chart with what you say in this post = you dont know nothing about SM/DM.
And your trades was only pure luck, pure gambling.

But dont give up!!
Time will tell

PS: You are another GrosDesco = wannabe
POW!
  • #10,606
  • Dec 26, 2018 4:56pm Dec 26, 2018 4:56pm
Quoting TimeTells
With better timing I was able to get set on 4 trades (of my basket of 6 max) to achieve my target, which was 25 pips yesterday. {image}
You haven't got a clue what you are talking about. Pure contradiction.

This is further evidence that you are only here to praise Freak, so maybe you are a paid shill for him.
and maybe you are not the only one either.

Take my hat off to you, you know how to BS like the main man.
It never gets easier, you just get better
  • #10,607
  • Dec 26, 2018 5:25pm Dec 26, 2018 5:25pm
Hi Aen, I will think about that, thank you.


Hi Shabs, lol,
pls do not gamble in FX, seek advice

Gambling is the wagering of money or something of value on an event with an uncertain outcome, with the primary intent of winning money or material goods.



And FxPrima, thank you for your frankness.

[quote=fxprimate;11824791]{quote}
Comparing your chart with what you say in this post = you dont know nothing about SM/DM....

This is too good to be true. My cup of tea shot straight out thru my nose. Took 5 mins to clean it all up (luckily none on the keyboard).

Looks like the classic Freudian slip.

I had a feeling you would acknowledge Frac’s side at some point.

In your message you have CONFIRMED your belief in an SM/DM (but just don’t see that I DO IT properly).

Your confirmation to others that SM/DM EXISTS, in your own words, is a big breakthrough for you.

Others may follow. You can be their leader.

Congratulations.
  • #10,608
  • Dec 26, 2018 5:50pm Dec 26, 2018 5:50pm
Quoting TimeTells
Hi Aen, I will think about that, thank you. Hi Shabs, lol, pls do not gamble in FX, seek advice Gambling is the wagering of money or something of value on an event with an uncertain outcome, with the primary intent of winning money or material goods. And FxPrima, thank you for your frankness.
Quoting fxprimate
{quote} Comparing your chart with what you say in this post = you dont know nothing about SM/DM.... This is too good to be true. My cup of tea shot straight out thru my nose. Took 5 mins to clean it all up (luckily none on the keyboard).
...

Yes my friend, SM exist, DM exist, Accumulation exist, Distribution exist, Stophunting exist, etc ... and yes acording your post you dont know what you talking about.

Please, don't throw sand to my eyes
POW!
  • #10,609
  • Dec 26, 2018 6:00pm Dec 26, 2018 6:00pm
cheers FxPrm,

And a good bit of fun chatting this morning, may you trade well today.

Nothing setup in Asia for me now I see, so I'll be back just before Sydney closing at 3pm my time.

all the best
Pete
  • #10,610
  • Dec 26, 2018 6:09pm Dec 26, 2018 6:09pm
You are trying too hard FF

Attached Image
Don't give up on your dreams. Keep sleeping.
  • #10,611
  • Dec 26, 2018 6:16pm Dec 26, 2018 6:16pm
Quoting TimeTells
cheers FxPrm, And a good bit of fun chatting this morning, may you trade well today. Nothing setup in Asia for me now I see, so I'll be back just before Sydney closing at 3pm my time. all the best Pete
See you in Uk session ...

Attached Image
POW!
  • #10,612
  • Dec 27, 2018 2:51am Dec 27, 2018 2:51am
About eur/usd
the last data of ff was this
you can see the last yellow line of stop loss was in the zone 1.1470
isnt this weird ? bullish wawe stopped there
Attached Image (click to enlarge)
Click to Enlarge Name: EU H4 18 dec.png Size: 57 KB
  • #10,613
  • Dec 27, 2018 5:34am Dec 27, 2018 5:34am
Just outta interest.

I wonder how GrosDesco traded EUR.USD?
Entry, Stop Loss, Take Profit, Risk allocation, Money Management blahdy blah.....

I wonder how he traded the other Posted charts?

“the old story of the man who was going to fight a duel the next day. His second asked him, "Are you a good shot?" "Well," said the duelist, "I can snap the stem of a wineglass at twenty paces," and he looked modest. "That's all very well," said the unimpressed second. "But can you snap the stem of the wineglass while the wineglass is pointing a loaded pistol straight at your heart?”
― Edwin Lefèvre, Reminiscences of a Stock Operator

Safe
JD
  • #10,614
  • Dec 27, 2018 5:57am Dec 27, 2018 5:57am
Some targets

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-12-27_124711.jpg Size: 79 KB


EU just took shorts at 1.13894 (now gray line)
  • #10,615
  • Dec 27, 2018 6:10am Dec 27, 2018 6:10am
Quoting GrosDesco
About eur/usd the last data of ff was this you can see the last yellow line of stop loss was in the zone 1.1470 isnt this weird ? bullish wawe stopped there {image}
Learn to read price and you won't need all these lines and you won't need FF's charts full stop.
It never gets easier, you just get better
  • #10,616
  • Dec 27, 2018 6:48am Dec 27, 2018 6:48am
Quoting Shabs19
{quote} Learn to read price and you won't need all these lines and you won't need FF's charts full stop.
Totally agree......

Just look at the Fractal clone TT(sorry, couldn't resist...)....his chart here... https://www.forexfactory.com/showthr...3#post11824733
I thought this thread was about stop hunting/smart algo's etc....

Well TT.....the 2 TOPS are right in front of your eyes...
Why do you start shorting somewhere "in the middle of nowhere"....?

Fractalguru has said: Trade what you see, not what you think....
And...I DON'T SEE ANYTHING where you opened you first short.......

Furthermore one of the FEW wise statements from mr.FF was:
Trade like a SNIPER not like a RAMBO....!!!!

You are just opening positions, trading like a lost RAMBO in the Forex Jungle.....

It is not possible to fly an F16 with a 1 page manual....
Maybe a good idea to go back to PAGE 1 of this thread and start reading first?
  • #10,617
  • Dec 27, 2018 6:57am Dec 27, 2018 6:57am
Quoting AndresSR
{quote} Totally agree...... It is not possible to fly an F16 with a 1 page manual.... Maybe a good idea to go back to PAGE 1 of this thread and start reading first?
These students are like those in a religious cult, their guru has cured them of a sickness.

"I was blind and Now I can see "

Inserted Video
It never gets easier, you just get better
  • #10,618
  • Dec 27, 2018 8:43am Dec 27, 2018 8:43am
Attached Image (click to enlarge)
Click to Enlarge Name: TT1227.JPG Size: 112 KB


Quoting Pooh123

From TT's post in defense of FractalFeak: "...people following were winning trades NIGHT AFTER NIGHT...", "...But not difficult for anyone reading this thread, from the beginning, that what was discussed was working for those who were in the moment and at the time...".

Actually it is a common phenomena at forex trading forums: generally over 70% of self-reported trading results are winning trades, while losing trades are reported less than 30% of times. That is in sharp contract to the fact that only 5% of forex traders are consistently profitable. That phenomena results from three psychological pitfalls- small sample size bias, confirmation bias, and, the Emperor's New Clothes effect.

Under the influence of small sample size bias, if a trader takes two trades and both trades end up being winners the trader will believe he has found the holy grail. If he experiences a lucky streak of 3-4 winners it only makes things worse. Actually in trading, a winning steak of 3-4 occurs more often than people generally think. Early in my forex endeavor I was into EAs. One EA I coded had an average hit rate around 50% and it produced a winning streak of 16 winners ! And it was a losing EA. However, those traders thought they had found the holy grail based on the winning trades from a small sample size. Yet, the science of statistics tells us that, conclusions based on small sample sizes are extremely unreliable.

Under the influence of confirmation bias, those traders only reported winning trades. They simply hid their losing trades.

And, due to the Emperor's New Clothes effect, other traders wouldn't report their losing trades either.

Regular members of the Hall of Shame thread are familiar with the above and the above message is nothing new to them. However, the newbies of Fractal's thread are naively unaware of this.
It never gets easier, you just get better
  • #10,619
  • Dec 27, 2018 9:16am Dec 27, 2018 9:16am
Quoting Shabs19
{image} Quoting Pooh123 From TT's post in defense of FractalFeak: "...people following were winning trades NIGHT AFTER NIGHT...", "...But not difficult for anyone reading this thread, from the beginning, that what was discussed was working for those who were in the moment and at the time...". Actually it is a common phenomena at forex trading forums: generally over 70% of self-reported trading results are winning trades, while losing trades are reported less than 30% of times. That is in sharp contract to the fact that only 5% of forex traders are...

Agreed Shabs

BUT.....Night after Night?.....(according to TT....)

Yes, a few people posted some results (demo or real accounts...doesn't matter)
Out of the 110+ FF subscribers, there are only very few posting here......

I don't know this TimeTells person (or Pete or Mick, or long story.....see TT profile)....

He can't read the market so I guess he has the same problems with reading this thread.....
  • #10,620
  • Dec 27, 2018 9:19am Dec 27, 2018 9:19am
Quoting AndresSR
{quote} Totally agree...... Just look at the Fractal clone TT(sorry, couldn't resist...)....his chart here... https://www.forexfactory.com/showthr...3#post11824733 I thought this thread was about stop hunting/smart algo's etc.... Well TT.....the 2 TOPS are right in front of your eyes... Why do you start shorting somewhere "in the middle of nowhere"....? Fractalguru has said: Trade what you see, not what you think.... And...I DON'T SEE ANYTHING where you opened you first short....... Furthermore one of the FEW wise statements...
The guru himself trades like TT ..............
Hmmmm.....
Maybe the guru should also go back to Page #1
It never gets easier, you just get better
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