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Sunny Coasting Along

  • #221
  • May 24, 2019 12:40am May 24, 2019 12:40am
Quoting Nikt
{quote} Hello Anthony, Diego here from Melba. I followed you on George thread which unfortunately is now closed for comments. I have a question: what do you mean with void in the chart above? Are the targets way too far for any consideration? thx! Studying hard the as per post 2407, also I played quite a bit with the TMA and MA. I found something very weird happening when you apply a simple MA (240) to the TMA outputs and fiddle with the MA levels. Some wicks become very wicked! :-) Cheers D
Hi Diego.

Thanks for dropping by and sharing a part of your journey.

Great to hear you are keeping the 2407 flame burning with your own insights. I wonder what you have discovered.

Yes, the void I've put on today's chart just is a reminder for me that there are no targets(that I'm interested in) nearby.
It's all early January below.

Cheers Anthony
Empty your mind and let the market guide you
  • #222
  • May 24, 2019 1:39am May 24, 2019 1:39am
Hey thx for the reply.

See attached pictures for what I have noticed. Maybe I'm just seeing what I want to see but some points are quite significant!
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  • #223
  • May 24, 2019 1:47am May 24, 2019 1:47am
and this is the H1 with multiples of 360 in the levels page which looks better than the H4
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  • #224
  • May 24, 2019 6:27am May 24, 2019 6:27am
FRIDAY, MAY 24th MID-LONDON UPDATE

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Empty your mind and let the market guide you
  • #225
  • May 24, 2019 9:17pm May 24, 2019 9:17pm
2 WEEK TRADING CHALLENGE - ROUND 1 (APRIL 29th to May 10th)

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Empty your mind and let the market guide you
  • #226
  • May 24, 2019 9:19pm May 24, 2019 9:19pm
2 WEEK TRADING CHALLENGE - ROUND 2 (May 13th to May 24th)

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Empty your mind and let the market guide you
  • #227
  • May 24, 2019 9:23pm May 24, 2019 9:23pm
Ready for Round 3 starting next week.


Trade Management is my next Everest as I'm extremely happy with how I've been reading the markets especially this week.
All losing trades were taken on Monday, May 13th on that GRINDER of a DAY. The rest of the 2 Week Period I made over $5,000 but it means nothing if you are carrying losses to the size I do.

Losing and Learning at the moment.

Cheers Anthony
Empty your mind and let the market guide you
  • #228
  • May 24, 2019 9:28pm May 24, 2019 9:28pm
Attached Image


Just a quick message to the few traders who have sent me similar PMs like the one above. I'm extremely humbled that you feel I'm someone to reach out to for help.

But believe me 100% when I write this. I'm still in my CRAWLING stage of becoming a TRADER. I'm not the one to be looking to for help.

All the best for your journeys. The charts will teach you everything you need to learn.

Cheers Anthony
Empty your mind and let the market guide you
  • #229
  • May 24, 2019 9:40pm May 24, 2019 9:40pm
Quoting SunnyCoast
{image} Just a quick message to the few traders who have sent me similar PMs like the one above. I'm extremely humbled that you feel I'm someone to reach out to for help. But believe me 100% when I write this. I'm still in my CRAWLING stage of becoming a TRADER. I'm not the one to be looking to for help. All the best for your journeys. The charts will teach you everything you need to learn. Cheers Anthony
Thanks Anthony,

You keep it simple. You are not just posting chart, if fact you are sharing information.
  • #230
  • May 24, 2019 9:43pm May 24, 2019 9:43pm
I have a good challenge for new traders, open a trade on your demo account with no SL and let it go 50 pips into DD, then look at PA and trade out of this losing trade with a profit, by whatever method works for you.

When you have achieved it once do it again and keep doing it until you have mastered PA.

SL's are very hard to place and finding the EP that will give you the right R:R to make your SL work is even harder, so if you can trade without fixed SL's by just watching what PA is doing you can add to you position or Hedge it, to make a profit
Some people say I'm lucky, but the more I practice the luckier I get
  • #231
  • May 24, 2019 9:50pm May 24, 2019 9:50pm
Quoting kennyxox
{quote} Thanks Anthony, You keep it simple. You are not just posting chart, if fact you are sharing information.
Yep, sharing all of my journey here. I'm humbled that it may help some traders who share a dream of becoming a full-time trader.
Empty your mind and let the market guide you
  • #232
  • May 24, 2019 9:54pm May 24, 2019 9:54pm
Quoting Robot Trader
I have a good challenge for new traders, open a trade on your demo account with no SL and let it go 50 pips into DD, then look at PA and trade out of this losing trade with a profit, by whatever method works for you. When you have achieved it once do it again and keep doing it until you have mastered PA. SL's are very hard to place and finding the EP that will give you the right R:R to make your SL work is even harder, so if you can trade without fixed SL's by just watching what PA is doing you can add to you position or Hedge it, to make a profit...
Hi Robot Trader.

I really appreciate you stopping by to share this information.

I think that is a great challenge and looking at my past month's of trading I have had a few opportunities to learn but haven't taken advantage of understanding what price is telling me. It still looks so super random on my charts. I'm understanding the TARGETS much better but reading price is a whole deeper level.

Any information that you wish to share here on how to read price better is greatly appreciated.

Cheers

Anthony
Empty your mind and let the market guide you
  • #233
  • May 24, 2019 10:05pm May 24, 2019 10:05pm
Hi Anthony, you seem to have a good mentor relationship with George, what advice does he have regarding floating losses / trade management? I'm the opposite of you, I hurt my account with cutting losses too fast and overtrading, you hold onto your losses too long.. finding the middle ground is the solution..
Cheers h
  • #234
  • May 25, 2019 12:01am May 25, 2019 12:01am
Trade Management is my next Everest

SunnyCoast,
I think the major problem with your trading is the use of leverage. Look into that and am sure you will do well.

kind regards
Ayo
  • #235
  • May 25, 2019 12:41am May 25, 2019 12:41am
Quoting hellsbells
Hi Anthony, you seem to have a good mentor relationship with George, what advice does he have regarding floating losses / trade management? I'm the opposite of you, I hurt my account with cutting losses too fast and overtrading, you hold onto your losses too long.. finding the middle ground is the solution.. Cheers h
Hi Helena,

I always had the same question about risk control. I understand George is using just 10 pips to hedge position in case of price goes in negative direction, then wait for next opportunity to recover this floating loss. With his win rate its rather quick to recover those 10 pips.

These are two posts from George's thread related to the question:

https://www.forexfactory.com/showthr...5#post12255515

https://www.forexfactory.com/showthr...0#post12255920

It's of course interesting to hear from Anthony how he currently deal with that.

Thanks!

Regards
Alexey
  • #236
  • May 25, 2019 7:45pm May 25, 2019 7:45pm
Quoting hellsbells
Hi Anthony, you seem to have a good mentor relationship with George, what advice does he have regarding floating losses / trade management? I'm the opposite of you, I hurt my account with cutting losses too fast and overtrading, you hold onto your losses too long.. finding the middle ground is the solution.. Cheers h
Hi Helena.

It would be wonderful to say that George is my mentor but that would be untrue. I've chatted with him on Skype 3 times. He has been quite harsh with me nearly every time, that is to be expected as I'm such a noob. He has always pointed me towards certain posts in his thread which has given me some insight into the way he trades. The links that Alexey has shared are the exact ones I'm referring to.

Each week I'm learning something new and like you said I sure do hold on to losses far too long.

I'm looking forward to Round 3 and see if I can improve my performance in all aspects.

Cheers
Anthony
Empty your mind and let the market guide you
  • #237
  • May 25, 2019 7:47pm May 25, 2019 7:47pm
Quoting alexgvr
{quote} Hi Helena, I always had the same question about risk control. I understand George is using just 10 pips to hedge position in case of price goes in negative direction, then wait for next opportunity to recover this floating loss. With his win rate its rather quick to recover those 10 pips. These are two posts from George's thread related to the question: https://www.forexfactory.com/showthr...5#post12255515 https://www.forexfactory.com/showthr...0#post12255920 It's of course interesting to...
I'm still learning Alexey especially from those posts for sure.

I'll find a method of trade management very soon that I know will work for me and the way I trade.

I'm looking forward to Round 3 and see if I can improve my performance from the past two rounds

Cheers

Anthony.
Empty your mind and let the market guide you
  • #238
  • May 26, 2019 3:24am May 26, 2019 3:24am
Hello Anthony and everyone ,,,,
From time to time i do check in here and also Amundo's project ,, and Steve's Project also ....

I could NOT help ,, but ,,, reading the discussion that has been going the last say or so ,,
I had to bring something to the table to help everyone here ,,

I can NOT stress enough the power of applying to correct VIEW ,,, when one is trading ,,,
Many Factors must be taken into count to help a trader work out what is happening ,,,
I have previously put out some of the filters i use during my live trading ,,,,
Infact there is always 15 to 25 filters at work at any given moment while the market is moving ,,,,

Here is the list again that i shared in the past ,,,,
If one can learn to ADOPT those filters correctly ,,,and fully ,,,,
They will improve their trading 200% minimum ,,,,

Hope this helps for now ,,,

P.S.
Yes the project is closed ,,,,
My Pm is also closed ,,,
I am back to SOLO journey like i did for 21 years ,,,,
I NEEDED MY LIFE BACK ,,, unfortunately for many ,,,

Cheers
George
Attached Image (click to enlarge)
Click to Enlarge Name: SOME OF GEORGE'S FILTERS.png Size: 57 KB
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #239
  • May 26, 2019 4:02am May 26, 2019 4:02am
Quoting George AUS
Hello Anthony and everyone ,,,, From time to time i do check in here and also Amundo's project ,, and Steve's Project also .... I could NOT help ,, but ,,, reading the discussion that has been going the last say or so ,, I had to bring something to the table to help everyone here ,, I can NOT stress enough the power of applying to correct VIEW ,,, when one is trading ,,, Many Factors must be taken into count to help a trader work out what is happening ,,, I have previously put out some of the filters i use during my live trading ,,,, Infact there...
Thanks George. I have not previously commented on your thread or comments. I hope you read this. Firstly , I greatly appreciate the response you just made (that I am quoting ) , I find it the most succinct post you have made, and resonates clearly with me. aha!!!. Like a hand of blackjack when someone has counted cards and has a firming expectation of the ongoing hand probability. Also, I would like you to know that I felt incredibly sad with the reactions and comments and trolling you were the recipient of. I found it offensive and disheartening, I hope you are well and strong !! Thank you for your attempts to communicate your knowledge. I understand there was an awful lot lost in translation and not treated respectfully.
Apologies for interrupting your journal Anthony, but it was not with disrespectful intent.
Cheers helena
  • #240
  • May 26, 2019 4:41am May 26, 2019 4:41am
Quoting hellsbells
{quote} Thanks George. I have not previously commented on your thread or comments. I hope you read this. Firstly , I greatly appreciate the response you just made (that I am quoting ) , I find it the most succinct post you have made, and resonates clearly with me. aha!!!. Like a hand of blackjack when someone has counted cards and has a firming expectation of the ongoing hand probability. Also, I would like you to know that I felt incredibly sad with the reactions and comments and trolling you were the recipient of. I found it offensive and disheartening,...

Hello Helena ,,,,
Thank u for ur kind words ,,,,
People's opinions never change a person ,,,
And in particular George ,, as I have been around for too many years in the trading arena ,,,,
I NEVER take note of amateurs knocks ,,, cause they are from amateurs ,, and one knows how an amteur comments and taks ,,,,
Their vocabulary and terminology tells all for people like myself ,,,,

I am always happy to help traders ,,,
The reason I locked the project was due to more than 1 reason ,,
I had finished sharing what i wanted to share with more than anticipated ,,,
My ONLY aim was ,, to open the minds of traders who have been blinded to sooo much garbage and lies in this industry ,,,,,
I have opened the doors to much reality that many did NOT know ,,,
Also ,,
The pressure got too much from lazy traders who wanted Answers only and NOT interested in spending the years and hours studying ,,,
I am NOT an educator ,,,
Will never try to teach anyone how to trade ,,,

hope this helps u and all of the wonderful people who participate here ,,,

Cheers
George
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
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