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Price action at the core / tma intra day

  • #4,441
  • Jun 17, 2019 12:58pm Jun 17, 2019 12:58pm
Quoting Daniel2775
I promise So far 700 trades, 40 losing trades. Work out the win %. its above 90%. At this rate I can afford to lose the next 30 trades in a row and still be 90%. But as George said we are all liers and no one can do this. But Yes they really can.
Hi Daniel,

When you said 40 losing trades, what kind of SL are you applying? if I may ask.
  • #4,442
  • Jun 17, 2019 1:44pm Jun 17, 2019 1:44pm
Quoting Techanalyst
{quote} If you were to pay attention to fundamentals analysis, you will understand that GBP, AUD and EUR is bad. So those currencies are going down. I am selling because there is opportunity to sell. When you only use technical analysis and not paying attention to fundamentals, you will not have a lot of winners. You have to pay attention to both. Just take a look at the charts and take a look at the news. You will understand what I mean. As you can see GBPJPY is going down. AUDUSD and EURUSD are going down. I do not have to set up anything on charts...
Ok thats fair and if it works for you why are you on this thread?

Unfortunately the market is manipulated its proven. A fact.

I would suggest your own thread as it will confuse people. But good luck to you and your trading.

Unfortunately fundamentals and news isnt a thing. its all part of the set up to make you lose

Cheers

Dan
  • #4,443
  • Jun 17, 2019 1:51pm Jun 17, 2019 1:51pm
Quoting Journey
{quote} Hi Daniel, When you said 40 losing trades, what kind of SL are you applying? if I may ask.
No stop loss, counter hedging when trade goes against but using the system correct and knowing price action should mean much less losing trades.
As long as risk setting of account is ok and safe thrn it should be no issue. But practice in Demo I would.
  • #4,444
  • Jun 17, 2019 1:53pm Jun 17, 2019 1:53pm
Quoting Techanalyst
{quote} If you were to pay attention to fundamentals analysis, you will understand that GBP, AUD and EUR is bad. So those currencies are going down. I am selling because there is opportunity to sell. When you only use technical analysis and not paying attention to fundamentals, you will not have a lot of winners. You have to pay attention to both. Just take a look at the charts and take a look at the news. You will understand what I mean. As you can see GBPJPY is going down. AUDUSD and EURUSD are going down. I do not have to set up anything on charts...
Ps no currency is bad its manipulated.

You will son see that next as it hasnt got much further to go down then im sure we will see a huge push back up ;-) Im 97% sure lol.

There are no real stops left for them to hunt much lower so be ready. But until the MM shows his hand nothing is certain. Take it minute by minute
  • #4,446
  • Jun 17, 2019 1:59pm Jun 17, 2019 1:59pm
Quoting Daniel2775
{quote} Ps no currency is bad its manipulated. You will son see that next as it hasnt got much further to go down then im sure we will see a huge push back up ;-) Im 97% sure lol. There are no real stops left for them to hunt much lower so be ready. But until the MM shows his hand nothing is certain. Take it minute by minute
Checkout audusd , the fake run tricked many traders including seasoned veterans like Davit. Westpac sells off the currency, well known to wipe people out after tricking people go long.
Attached Image (click to enlarge)
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  • #4,448
  • Jun 17, 2019 2:11pm Jun 17, 2019 2:11pm
Quoting Viktory
{quote} Hi Zoltan, Just wondering something ... If most of the time, "target stripes" work like "magnets for price", like everybody profess here... Well, in addition to use them as "reversal zones", wouldn't it also be profitable to trade following the price on its way towards them? * Even it isn't part of George's strategy Cheers! Víctor
Hi Viktory,

Though your question was addressed to Zoltan; this point was addressed by Master George in one of the posts.

Post#1110

https://www.forexfactory.com/showthr...5#post12038035

I have also attached a snap shot that highlight's[Black rectangle] the pertinent points related to your question.

Attached Image (click to enlarge)
Click to Enlarge Name: Snap.PNG Size: 151 KB


Hope it helps.

Thanks
  • #4,451
  • Jun 17, 2019 2:17pm Jun 17, 2019 2:17pm
Quoting Techanalyst
{quote} Fundamentals are a big part of trading. When the economy is good, you buy currency, when bad you sell. Everything else comes after. What are we all doing on any thread? Did you seriously ask this question? Nothing will confuse someone that wants to learn how to trade like a professional trader. Once you stop trading like a retail trader and you start trading like professional trader, meaning approach this business professionally, you will see the big difference and what is going on in the market. There is plenty of room to go down on GBPJPY....
what a pro
  • #4,453
  • Jun 17, 2019 2:27pm Jun 17, 2019 2:27pm
Quoting Techanalyst
{quote} Thanks rookie. Watch and learn.
your kidding right?
  • #4,460
  • Jun 17, 2019 2:37pm Jun 17, 2019 2:37pm
Quoting Techanalyst
{quote} If you were to pay attention to fundamentals analysis, you will understand that GBP, AUD and EUR is bad. So those currencies are going down. I am selling because there is opportunity to sell. When you only use technical analysis and not paying attention to fundamentals, you will not have a lot of winners. You have to pay attention to both. Just take a look at the charts and take a look at the news. You will understand what I mean. As you can see GBPJPY is going down. AUDUSD and EURUSD are going down. I do not have to set up anything on charts...
Techanalyst, you say you have respect for George... did you read post #3969?

Pumi
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