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  • #1,151,221
  • Mar 8, 2019 11:31am Mar 8, 2019 11:31am
Quoting TudorIoan
{quote} This is monkey business what you're doing here, and you know it!
Take a look all of his sharing charts analysis, if he is trading real account, i think he lost it long time ago. I mean he just can't hit the right entry buy/sell. HE is posting all these useless patterns and he has been wrong many times. Some people will never learn trading the right way. Trade safe.
  • #1,151,222
  • Edited 1:23pm Mar 8, 2019 1:03pm | Edited 1:23pm
Probable pa now ,limit up for down 1.1284 in one leg or 2 possible. Anyway price breaks over, 1242 may be enough for the correction to continue bear as last leg down, at least bottom as truncated 5th!!
So breaks 1237 down likely test tl 1222 today.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,151,223
  • Mar 8, 2019 1:27pm Mar 8, 2019 1:27pm
Quoting Moty
{quote} maybe it will turn here {image} {image}
What you think about this point for to buy and the opposite for to sell. Price above the MA's and stoch oversold.

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Together we can be strongest
Vantage Return This Month: na
  • #1,151,224
  • Mar 8, 2019 5:39pm Mar 8, 2019 5:39pm
My problem is that I'm always trying to catch Jack Pot, instead of going for things that do not promise to get rich overnight, but give a pretty nice return.
This is a strategy that I invented, which is based on 1m chart with 2 bands of 2 very common averages, 200 ema high and close ( black ) , and 100 ema high and close ( blue ).
When the band of the 100 ema is above the 200 ema band , we are looking for long trades and vice versa.
It is better to wait for a touch of the 200 band and then after crossing the price over the band of the 100 , we will enter a very short trade for 5-6 pips.
In a case like mine, that i am trading with a levarage of 1 to 100 , it's enough to grab three trades like these per day to double the acount in a week.
Remember, a little pig is eating a lot . a big pig, get eaten.

eu 30 m + 1m
dx 30m
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yes yes yes
  • #1,151,225
  • Mar 8, 2019 5:48pm Mar 8, 2019 5:48pm
Quoting palpite
{quote} What you think about this point for to buy and the opposite for to sell. Price above the MA's and stoch oversold. {image}
I prefer to trade the 1m graph, because these are very slow averages, and until they cross, it takes a lot of time and usually it's too late
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yes yes yes
  • #1,151,226
  • Edited 8:31pm Mar 8, 2019 8:02pm | Edited 8:31pm
Quoting Moty
My problem is that I'm always trying to catch Jack Pot, instead of going for things that do not promise to get rich overnight, but give a pretty nice return. This is a strategy that I invented, which is based on 1m chart with 2 bands of 2 very common averages, 200 ema high and close ( black ) , and 100 ema high and close ( blue ). When the band of the 100 ema is above the 200 ema band , we are looking for long trades and vice versa. It is better to wait for a touch of the 200 band and then after crossing the price over the band of the 100 , we will...
You will be crazy in few time, trading a lot this way.

Good luck

.
Together we can be strongest
Vantage Return This Month: na
  • #1,151,227
  • Mar 8, 2019 8:36pm Mar 8, 2019 8:36pm
Quoting Moty
My problem is that I'm always trying to catch Jack Pot, instead of going for things that do not promise to get rich overnight, but give a pretty nice return. This is a strategy that I invented, which is based on 1m chart with 2 bands of 2 very common averages, 200 ema high and close ( black ) , and 100 ema high and close ( blue ). When the band of the 100 ema is above the 200 ema band , we are looking for long trades and vice versa. It is better to wait for a touch of the 200 band and then after crossing the price over the band of the 100 , we will...
You are on the right track Moty. Glad i get to share strategies with you. But what you need to understand and learn, as long as you have those useless indicators, and rely on them, which I noticed you do a lot, you will not make much money, you will actually lose more. You do not need indicators, they are lagging and they are useless. For example MACD indicator was invented in the late 1970s, that means that the formula on it is from the 1970s. It does not work, even if it does, it is too late because the move buy/sell already happened. Learn to trade based on candlesticks charts, that's it. You can draw your own lines and boxes to see approximately where you think price will get to or where is support/resistance and why is the price turning in another direction. That's it. Every indicator out there is useless that is a fact. Learn to trade candlesticks charts, see where the buyers are losing steam to sellers and where the sellers are losing steam and where buyers come in. You can learn that by reading the candlesticks, the price is what matters in trading, indicators are useless. You don't need that stochastic and you do not need moving averages. You will see that while you trade. Market makers, institutional traders trade millions and billions of dollars, you think they rely on some useless indicator? No they do not. But the sooner you get that the better for you. Trade safe.
  • #1,151,228
  • Mar 8, 2019 10:59pm Mar 8, 2019 10:59pm
Quoting Techanalyst
{quote} Take a look all of his sharing charts analysis, if he is trading real account, i think he lost it long time ago. I mean he just can't hit the right entry buy/sell. HE is posting all these useless patterns and he has been wrong many times. Some people will never learn trading the right way. Trade safe.
Well, we all can be wrong sometimes, that's not the problem with this guy.
Hypocrisy is!
There are lots of robots/strategies closing only the green successful positions.
(they usually don't have too much to do with waves or any technical analysis)
And they let to run the losers until they will become green eventually ...but is just a matter of time until the aggregate loss will bust the account if you're no good to manage drawdowns. (margin call)
Negative equity will going down to -50% sucking any previous positive balance.
The "list of success" is the only thing those scam traders are showing off here!
They can easily seduce beginners here.
Anyone can do that. Show only the winners and hide the running losers.

Usually, the show offs represents only the closed trades.
Well, sometimes they are very lucky and the equity and the total balance are coming around the same figure.
But that can't last for long!
The real value of a strategy/trader is given by the balance curve in time.

Equity can look glorious. But consistency is given only by balance profit curve in time.

Scams are like little children who needs attention and followers ..but they don't really have anything consistent to show off.
Member
  • #1,151,229
  • Mar 9, 2019 3:07am Mar 9, 2019 3:07am
Quoting TudorIoan
{quote} Well, we all can be wrong sometimes, that's not the problem with this guy. Hypocrisy is! There are lots of robots/strategies closing only the green successful positions. (they usually don't have too much to do with waves or any technical analysis) And they let to run the losers until they will become green eventually ...but is just a matter of time until the aggregate loss will bust the account if you're no good to manage drawdowns. (margin call) Negative equity will going down to -50% sucking any previous positive balance. The "list of...
Perfect diagnosis !! and all those statements not come from any book or even they are there they are merely book theory people mostly unable to follow in practical field! they all need huge practice & experience to understand 'all those glittered are not gold "ultimately , the early the better without lots of pain !

Here Tudor describes precisely one scam situation with oneself , run into vicious cycle and ultimately end in crisis & margin call in one bad friday or some news time like NFP or so when there are sudden great changes !!

Stages of this self scam :

1.stage of enthusiasm : use lots of indicators , EA , strategies to try understand the market , ok but heavily dependant upon them .use small lots , most time use tp & sl , good but fade up soon as they are not perfect so ultimately close all green pips prematurely & few red still run starts sucking positive balance .trades are limited initially & as market goes on tends to accumulate but still manageable using more margin %. so far good , rational increase in balance / equity with only little loosing or red trades .

2.stage of overconfidence: as times goes develops more confidence in the strategy he follows , so trades more lots , less tight /pin point distance tp or sl to ultimately no sl , more margins use , more accumulating negative trades specially & more drawdown.grow balance more & equity little or no at this stage .if any active hiding negative trades starts from this stage.

3.stage of puzzle : As accumulating more negative trades / not that loss trades , they are better than negative ones because negatives mostly no active or reasonable sl, at the expense of more eating % margin , positive balance but declining equity.try revenge trades to catch up & deteriorate the situation further.

4. stage of breakdown: as with more puzzle try use every best analysis with all hopes & pray in tandem but nothing improving , balance high enough , equality still good ,drawdown more than 50% , maximum margin usage continue , need / try more funding to improve the situation !

5. stage of margin call :try for for help from some one , in one bad friday or some news like NFP or even as astray big spike do it. the end of the history .


anyway we all go on all stages more or less as of abcd pa may vary greatly time to time ,if no , all traders became billionaire over time.

That is to correct all the odds in every stateges .
-----------------------------------------------
just an example in my own family I mentioned somewhere before ,
My wife became interested , learn some basic from me & open an account with 500$ ( actually got fund 470$ ) about 7 months back.small amount so I developed it balance/equity 2,500 $ in 2 moths with surely all risky scalping so that she can comfortably play with less risk. within 2 wks though her balance go to 4000$ but equity come to near 600$ wit full of negative trades , no sl type .like this presently 4rth time am to developing presently again . last time her equity even goes over 7000$ but again failed to stay calm & consistent and luckily interfere timely & saved only 500$ 2wks before . so again developing from there to 3000$ equity & balance 3200$ now . will ready to handover again .
Though totally a newbie she played well so far , at least no margin call.

what mistake she did ? running the negative trades specially , over trading , bigger lots , inappropriate tp & sl and no sl , no tp also.
prevention could be for her case , no negative trades beyond maximum sl with best analysis only, less use margin all times , less lots , less trades , not to jump all times in the market , close all trades in one click when sees good equity growth if starts puzzle and restart trading as fresh again.

what I did to improve? all those risky scalping not habituated after 2012 though by just controlling / remove negative at any time I see equity grown up.

Hope somebody get into the real situation & improve .
take care , fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,151,230
  • Mar 9, 2019 5:54am Mar 9, 2019 5:54am
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Together we can be strongest
Vantage Return This Month: na
  • #1,151,231
  • Mar 9, 2019 7:03am Mar 9, 2019 7:03am
I think the e / u must rise to keep the market balance.
this is a medium-term analysis for, two weeks.
tp 1.1374
  • #1,151,232
  • Mar 9, 2019 9:45am Mar 9, 2019 9:45am
Quoting Techanalyst
{quote} You are on the right track Moty. Glad i get to share strategies with you. But what you need to understand and learn, as long as you have those useless indicators, and rely on them, which I noticed you do a lot, you will not make much money, you will actually lose more. You do not need indicators, they are lagging and they are useless. For example MACD indicator was invented in the late 1970s, that means that the formula on it is from the 1970s. It does not work, even if it does, it is too late because the move buy/sell already happened....
I agree and disagree.
Agree on the fact that indicators are late in their signal, but if used correctly, they can serve as a trend line for anything, or in the case of 50, as a 50 percent correction.
Last signal gave 130 pips in 3 days, from 1.13000 to 1.1700
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yes yes yes
  • #1,151,233
  • Mar 9, 2019 9:49am Mar 9, 2019 9:49am
Hi, i think it will down to 1.12011 very soon when it open next week, beware, thanks.
  • #1,151,234
  • Edited 12:10pm Mar 9, 2019 11:52am | Edited 12:10pm
Quoting Techanalyst
{quote} You are on the right track Moty. Glad i get to share strategies with you. But what you need to understand and learn, as long as you have those useless indicators, and rely on them, which I noticed you do a lot, you will not make much money, you will actually lose more. You do not need indicators, they are lagging and they are useless. For example MACD indicator was invented in the late 1970s, that means that the formula on it is from the 1970s. It does not work, even if it does, it is too late because the move buy/sell already happened....
Techanalyst,my two cents please. My brother,I think before invention of candle sticks there was no indicator and candle sticks was the first indicator.By the passage of time different peoples created different indicators to analyse and understand the movement of price.The inventors never taught us regarding their indicators but we ourselves made the result of indicator either right or wrong and mostly wrong because we are still striving.In short in my opinion we can not work without indicators,the indicator which we understand to some/large extant.Candle stick is only candle stick,no engulfing-no doggy-no butterfly-no morning star-no grave stone etc,which shows open-high-low-close for the period of candle.Moving average,RSI and MACD are not lagging indicators.Yes my dear MA is also not lagging indicator,when smaller time MA cross bigger time MA why we predict the move of price and price moves in that direction big or small move which is a separate discussion. Divergence is an indication of RSI indicator.I know only divergence is not fruitful but if we correlate it with some other indicator we can obtain very very good results. I suggest you to please check and give some minutes not hours,to observe divergence in RSI 5+cross of 10 EMA& 20 SMA and cross in MACD 24 52 9.Here is a graph of just previous two days.Perhaps I may present my point of view.
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  • #1,151,235
  • Mar 9, 2019 1:11pm Mar 9, 2019 1:11pm
W1+D1
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USD/CHF D1
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yes yes yes
  • #1,151,236
  • Edited 3:26pm Mar 9, 2019 3:07pm | Edited 3:26pm
Quoting AbbasRizvi
{quote} Techanalyst,my two cents please. My brother,I think before invention of candle sticks there was no indicator and candle sticks was the first indicator.By the passage of time different peoples created different indicators to analyse and understand the movement of price.The inventors never taught us regarding their indicators but we ourselves made the result of indicator either right or wrong and mostly wrong because we are still striving.In short in my opinion we can not work without indicators,the indicator which we understand to some/large...
Indicators get the data from the charts. Not the other way around. I have been trading naked charts candlesticks, for years and it works great. When i use to use indicators, a lot of times i would miss the buy/sell entry. Indicators are useless and that has been proven. No need for indicators unless you are beginner. You may use indicators if you are long term investor, but you can do all of that on naked charts candlesticks. Watching the candlesticks and price action is the best way to trade. That has been proven. Market makers, institutional traders do not use indicators, they use price action and that is that. Do you see the majority of traders here are buying and buying..buying...buying, everyday for the past weeks you come on EURUSD threads and almost everyone is buying and this pair just keeps falling down. You have to watch the sentiment and see where majority retail is buying you sell, where majority retail traders sell you buy. It is right there in front of you on charts all you have to do is learn how to spot it and trade it. That's it. No need for indicators. Even if the volume is low you can spot it by looking at candlesticks, even if the price is trending up or down, you draw a line and that is it. No need for indicators, they are there to help retail traders lose money not to make money. If they were making money, the market makers would have them privatized and they would be charging big money to rent them out to other traders.

Take a look at this chart, where i would enter, and where you would enter according to MA indicators. I beat you by 8-10 pips already. Imagine on a higher time frame how far you would be behind. Trade safe.
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  • #1,151,237
  • Mar 9, 2019 3:17pm Mar 9, 2019 3:17pm
This is it.
  • #1,151,238
  • Mar 9, 2019 3:38pm Mar 9, 2019 3:38pm
Quoting Techanalyst
{quote} It is right there in front of you on charts all you have to do is learn how to spot it and trade it. That's it. No need for indicators. Even if the volume is low you can spot it by looking at candlesticks, even if the price is trending up or down, you draw a line and that is it. No need for indicators, they are there to help retail traders lose money not to make money. If they were making money, the market makers would have them privatized and they would be charging big money to rent them out to other traders. Take a look at this chart,...
Can you point me in the right direction where to learn more about reading candlesticks the way you do? Although I understand what you are saying and why you prefer naked charts, I'm having a hard time understanding your images.
  • #1,151,239
  • Mar 9, 2019 5:47pm Mar 9, 2019 5:47pm
Quoting Techanalyst
{quote} I think you need to seriously consider your analysis. Even if it is long term trading. 1.18? Are you serious, what calculations are you using... on the monthly and weekly you can see that the analysis showing that it will possibly go to 1.08xx. Trade safe.
You are right. I ran my calculations on weekly today and its a wait approach. There is a possible downside risk on cards for another 2 or 3 weeks.
Just retired from University
  • #1,151,240
  • Mar 9, 2019 6:03pm Mar 9, 2019 6:03pm
Quoting Miracleforex
{quote} You are right. I ran my calculations on weekly today and its a wait approach. There is a possible downside risk on cards for another 2 or 3 weeks.
What kind of calculations on weekly chart?
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