General Trading Chat / Ideas

Quoting digger1

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think you mentioned a double bottom on 4 hour last week sometime ,, the double was a bit ago ,, see a double bottom buy a double bottom ,, or sell a top,,, 3 rd time not so much lol,, can get a last poke thru tht will wipe out a bunch of stps then ya get the big bounce ,, actually a lower one yet on daily chart ,, not sure havent looked lately ,, too busy ,,, but always ,, a previous high ,, a previous low ,, thro in a mid point and some patience you will do alrite ( leave what it LOOKS LIKE ,out of the equation ) doing anything before a previous...

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Quoting Oc6oph

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{quote} No it hadn’t formed double bottom but looked like it was going to I was already in at that time based on potential cypher. An H4 double top did form at point C of the cypher

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Quoting digger1

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and these like the nzd are the kind tht really suck ,, in a few hours many times they are well beyond where ones entry was to begin with but the big hit ya took is long gone and ya work your ass off to get acct built back up just to do it again and stuck in the endless loop ,,not easy to get out of it

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Quoting Oc6oph

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{quote} It’s just part of trading I’ll have it back in no time

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Quoting digger1

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{quote} So you didnt even wait for the LOOK lol,, jk bud ,, it sux ,, thts why I will use a tight stp and take a million stp outs ,,dont care I aint feeding the mkt ,, done tht way too long ,, learned my lesson the hard way ,,my quarterly levels using the weekly levels to trade the quarterlys back and forth has worked well for a long time ,, the averages I mention just a little extra help with the other things listed ,, above some shit Im buying ,,below some shit Im selling ,, bout as easy as I can make it for my self

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Quoting Oc6oph

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{quote} You can get in trades earlier on H4 = more pips. I like H4 the best. If I got in trades on daily I’d be getting in late often. H4 gives decent signal but no chart is going to give good signal all the time of it did I’d be a trillionaire and you’d be a millionaire lol

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Quoting Oc6oph

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{quote} I’m just trying to quickly swing my account up to a certain level and big losses is just part of taking big risk. I should have held my shorts longer moving their stop loss up every day with a buy stop above my stop loss that’s what I’m doing next time

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Quoting digger1

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{quote} Yep you will,, but this is about the 3 rd cycle for ya since we been chatting ,,, years go by rather quickly when stcuk in a loop ,, its always the next time ,, then the next time then the next time ,, not picking or ragging or making light of ,,, its just what happens ,, Ive been there ,, spent years there ,, I had to start looking at shit different ,, a pro , nope but there is certain things I have learned ,,

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Quoting Jp1

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{quote} Alright gents! I never understand ur reference to H4 and more pips.....dont ur shapes / patterns / animals tell u roughly where to enter and exit etc, so TF doesnt really matter.....and its the shorter tfs that would get u a tighter entry (and thus more pips), no?

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Quoting Oc6oph

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{quote} Well H4 gives enough signal and good entry too in my opinion lower time frames have too many false signals

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Quoting digger1

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{quote} Yep ,, I rmeber saying things like tht to myself a lot ,, next time Im gonna do this ,,next time am gonna do tht ,, in the mean time I watched those damn averages do their thing time and time again ,, when mixed in with a few levels ,, say like a previous high or a previous low ,, maybe a projection or two ,,, tht shit hasent changed from the 1st day I looked at a chart ,,takes a while to believe some simple shit will do better than some of the most intelligent sounding trading jargon bullshit will ever come close to doing {image}

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Quoting Jp1

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{quote} But I thought ur signal was laid out for u by the measurements of ur patterns?

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Quoting Oc6oph

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{quote} Well doubled my account last week with NZDUSD shorts and that has given some cushion but barely up from that now. I’ve seen trading competitions before where whoever has the biggest % gain wins. One guy started with 5000 went down to $379 then ended the competition in 3rd place with about 24k lol in a 3 month period. Also Richard Dennis turned 400$ into 200 million in 10 years and I’m sure these people got there by taking big risk. Soros’s quantum fund also had big swings that investors hated. I think it’s good to take some risk when you’re...

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Quoting digger1

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{quote} well there is always tht asterick ,, not indicative for future gains ,,, next time the 379 may be nothing ,, and none of those people are you ,, ,, it comes down to what you can do period ,, ,, youve had some great gains ,, then the same thing ya did the next time around took them away ,, its vicious and its a chess match everyday and it isint easy for sure ,,nothing ever to the pip ,, but the order has been the same over all ,, eur six quarters strait now with just a slightly lower quarterly low then a bounce ,, how far who knows ,, still...

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Quoting digger1

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{quote} well there is always tht asterick ,, not indicative for future gains ,,, next time the 379 may be nothing ,, and none of those people are you ,, ,, it comes down to what you can do period ,, ,, youve had some great gains ,, then the same thing ya did the next time around took them away ,, its vicious and its a chess match everyday and it isint easy for sure ,,nothing ever to the pip ,, but the order has been the same over all ,, eur six quarters strait now with just a slightly lower quarterly low then a bounce ,, how far who knows ,, still...

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Quoting Jp1

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{quote} Im long NU from 64300, just retesting m5 200......gonna see if it carries on up from there.....next is the m15 200 and q low it smashed through.....theyre my current targets

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Quoting Jp1

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{quote} Im long NU from 64300, just retesting m5 200......gonna see if it carries on up from there.....next is the m15 200 and q low it smashed through.....theyre my current targets

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