Blowing my Demo account in record time

This is my made up story about retail forex, it hold no truth in it -
Central Banks
Investment Managers and Hedge Funds
Corporations
Big Banks

The above group have different transactions of which retail traders will never ever get to see.
They transact in an Agreed Buy/Sell Price with the SHARK.

The SHARK arm with that 2 points are happily playing with -

Bank has a small forex trading department catered for the so-called LOW or NO net-worth clients. This is handle by new staff, fresh graduate from uni (they trade like you and me). These guys usually won't last long with the bank like any other insurance agent. But there are exception, they are those that trade like the experts in Forex Factory and make it in the industry. When they become that good they will also leave the job and trade for themselves.
So only the half baked traders are left in the banks for these NO net-worth clients.

Individual Investors
The volume of forex trades made by retail investors is extremely low compared to financial institutions and companies. However, it is growing rapidly in popularity. Retail investors base currency trades on a combination of fundamentals (i.e., interest rate parity, inflation rates, and monetary policy expectations) and technical factors (i.e., support, resistance, technical indicators, price patterns).
Sometimes the PA aligns with FA, this give confidence to the FA traders. All the 123, engulfing bar, whatever patterns ever happened on the chart make the TA trader leap in joy. This keep us in the games.

As the SHARK feed on dumb money they created all kind of patterns and crosses (so regardless what patterns or MA cross, you based your trade on you can be lucky at time) and most time it flows with the News.

The occasional spikes during news is not really clearing stop loss but creating an illusion that PA is responding to the news.

The SHARK is free to take up any retail market orders at their will.

When price goes down, it is not more Seller come to the market BUT more dumb Buyer feeding the SHARK.
When price moves up more dumb SELLER are feeding the SHARK.

And I hope to swim behind the Shark and eat any left over and continue the games.
The problem is that I don't know how to swim. So I decided to drown my demo account.

Note:

ranging - yes
put slope indicator
does it oscillate - yes
put indicator - look for the extreme (not always 100%)
oscillate up from bottom - Buy the extreme/extended wick
oscillate down from top - Sell the extrem/extended wick

Don't walk away from the screen - I missed to closed the first 3 and another chance to re-enter from top. (went for breakfast)

This trade ended well when PA revisit my top 3 positions twice (again I walk away for lunch during the first visit)

News coming so don't be hero.

Demo 3 months is what he told me -

what about toxicity and volatility you talking about.

No he didn't answer me till 3 months later.
Anyway thanks.

Too many Aussie Sellers - selling the news of trade war, now they feel the pain before China

Why did you trigger?
M15 Oscillator moving upward.

Is it at the edge?
No, 9 bars away from the edge.

Then why take it?
Hand itchy.

What is the rule?
oscillate up from bottom - Buy the extreme/extended wick
oscillate down from top - Sell the extreme/extended wick

Where is PA?
In no man land.

Good, how do you feel now?
Angry and hope it will turn in favour of me.

Tell yourself this - Don't be an idiot.
Ok.

Why did you trigger so many?
(silence)

Are you trying to prove yourself?
Yes, only idiot want to prove to be right.

What should you do about this?
Don't be an idiot but be a dog wait patiently for the crumbs.

Thank you, Graeme.

Aunty Graeme: Just 1 trigger per trade. Remember, this is not for ego trip, you don't need to fire randomly to growth your demo account.
Pride come before the fall.

Ok, is this good enough.



Aunty Graeme: You need to answer for yourself. What to you think?

Can be better.

Aunty Graeme: There you have it.

Why only 1 pair, why EURAUD?

Aunty Graeme: Can you throw and catch a ball?

Yes.

Aunty Graeme: Now throw these 2 balls and catch at the same time.

I get it.

Why EURAUD?

Aunty Graeme: So that you won't be in the spot light.

What do you mean.

Aunty Graeme: All the major and Yen cross are for experts who fight in the front line.

This is the easier pair.

Aunty Graeme: No, just that the shark prefers to be with the experts.

That is why you trade this pair for 8 years.

Aunty Graeme: Yes. If you want to go to the front line then be a real one - Navy SEALs.
Never be a hero in this games.

Thanks.

Aunty Graeme: Did you trade today?

No, you told me to wait till the trade talk settled cos AUD will be affected.

Do I need to draw lines on the chart?

Aunty Graeme: Aren't the lines on the chart?



Wow, I didn't realize that they are all there.

Aunty Graeme: Why do you need the lines?

To spot the herd.

Aunty Graeme: What?

It will help me, if I draw lines on the chart and study for 40000 hrs.

Aunty Graeme: Go ahead then.

Ok, I take it as no.

Aunty Graeme: Why?

1 line 1 confusion, 10 lines 10 confusion.

Aunty Graeme: I'll leave you with a chart, go and study for a day or 2 then repeat the story up and down the hills and valleys,

Till you can foretell the story as the candles closed. Try to understand those candles that I pointed out. This is forward reading of the chart.



Good, I prefer story more than mechanical lines. Thanks Aunty Graeme.

This is my story



Why the downward thrust?

Aunty Graeme: Yen, safe haven excuses.

Why?

Aunty Graeme: Trump blowing trumpet.

Ah, trade war uncertainty?

Aunty Graeme: That the reason I ask you to write story than looking for trade. Let the experts take on the Sharks.

Thanks, Aunty Graeme

How you know no seller at the scene?



Aunty Graeme: Only 5% win. Pivot trader will position BUY as Price is at S78, too low to sell. (In fact some are building BUY position at S38 and more at S61)
Oversold is in all oscillate indicator. No one want to sell, they look for BUY. Any of this buy low sell high, will worry that they might miss the boat and jump in.

Ah, this is trading psychology so I don't have to master MM psychology.
But then if you die die must trade this, How to go about?

Aunty Graeme: No use propagating hindsight theory and method, keep a distance from these traders.

OK, just for record, please.

Aunty Graeme: This is the mini millipede, sell every third green candle, till the last 3 to 5 green candles get taken out. BUT it is too late to develop your legs now.

Millipede, your infamous strategy!

Aunty Graeme: That won't work now. Only occasional mini millipede. Remember don't trade now, till next Tuesday or Wednesday.

Thanks Aunty Graeme.

What else can I do with the Oscillator?

Aunty Graeme: Take a look at M5, PA at support it was at pivot s38. Buyers come on the market.
Now look at M5 Stochastic Oscillator. It is about to leave level 80.
Then before you hit buy, TAKE a look at H4 Stochastic Oscillator, it is about to enter level 20.



Ah, this is why you ask me to open both time frame.

Aunty Graeme: M5 at support and sit on S30 pivot level. What psychology is at play now?

Buyers are beaming.

Aunty Graeme: When that happened you will see 1 or 2 red candles appeared and take the buyer out. You apply the rule I told you.

OK. oscillate up from bottom - Buy the extreme/extended wick
oscillate down from top - Sell the extreme/extended wick

Trade talk failure might bring it further south else Road Map at play

Aunty Graeme: Do you remember these candles?

Attached Image (click to enlarge)

Yes. I was reading a book that show all the charts with those candles.

Aunty Graeme: You believe it as gospel truth, right?

Yes, till you ask me to do a little exercise and I found that there were far more failures than what the book claimed.

Aunty Graeme: So how many failure have you spotted for that gap theory?

Still counting ...



Aunty Graeme: Good, stop counting.

You mean I will come to the same conclusion.

Aunty Graeme: What have you being doing?

Experimenting - lifelong education for my trading.

Aunty Graeme: Any new thing under the sun?

No. Just toying with these puzzles and riddles



Aunty Graeme: Ah, nothing new, right?

Yes, FTI's extreme bollinger bands concept dressed in xtreme envelop settings, which they call TMA.

Aunty Graeme: I see you churned out an EA.

Yes, easy peasy piece of work.

Aunty Graeme: How is it performance?

Just like the extreme bollinger EA. But this one I give 50 pips stop loss for it to breathe.

Aunty Graeme: You did pretty well with those alarm.

I didn't do anything, I just used the search at the top right corner.

Aunty Graeme: Any riddle you still haven't cracked?

Will you ask me to stop counting like when I was counting gaps.

Aunty Graeme: What's that that you're counting?

Mathematical formula for that particular 2 open candles.

Aunty Graeme: It will lead to some old breakout theory.

So should I stop counting.

Aunty Graeme: Add them divide by 2 or 3, depending on the previous session. Then put this 2 or 3 there and let PA lead then you follow.

You sure rob my curiosity.

Easy to put a time filter for News. But cannot figure how to put a time filter for Trumpet tweets.

Relax and wait, PA is still dancing within Control Area.

Aren't you impress Aunty Graeme?

Aunty Graeme: What?

Dah...dah..my new toys



Aunty Graeme: OK, sure I'm impressed! Are you having more indicators than pips?

About the same pips, but striving towards 100% win rate with no DD.

Aunty Graeme: Ah, so you still carrying that young lady on your back?

Ok, I'll get over with that 98% win rate and stick with my story on the chart.

Not too bad for the morning

Maybe,

not that bad