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  • Linked: D-kings lengend trades | Demo Account XXXXXX93
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  • #141
  • May 25, 2019 11:05am May 25, 2019 11:05am
could someone please add alerts to the smstrengthrange indicator. Such that once any currency touches any of the range barriers (1/8), you'd recieve an alert

Cheerz
  • #142
  • Jun 11, 2019 2:38am Jun 11, 2019 2:38am
Quoting DashKing
{quote} kennyxox .... i hope you see how it all played out... it was just a minor retracement for the final bull run... {image}
Good trade movement. retracement is negligible.
  • #143
  • Jun 23, 2019 2:34pm Jun 23, 2019 2:34pm
Heads up Guys, NEVER TRADE THIS STRATEGY ON MONDAY, I REPEAT DONT EVER USE ON MONDAY. the indi will recalculate a lot because New trend forms on Monday
  • #144
  • Jun 30, 2019 9:11am Jun 30, 2019 9:11am
Do you guys use fundamental analysis for your trading? What percentage of your analysis is fundamental and technical. If so; I use IG trading and you can add all the fundamental news up coming.. Is looking at this news and analyzing enough or do they miss a few bits off? Also where idd you learn to use fendamental analysis.. I ask this because i swing trade without any fundamental analysis and i think this may be letting me down.. Thanks in advance.
  • #145
  • Jun 30, 2019 9:17am Jun 30, 2019 9:17am
Do you guys use fundamental analysis for your trading? What percentage of your analysis is fundamental and technical. If so; I use IG trading and you can add all the fundamental news up coming.. Is looking at this news and analyzing enough or do they miss a few bits off? Also where did you learn to use fundamental analysis.. I ask this because i swing trade without any fundamental analysis and i think this may be letting me down.. Thanks in advance.
  • #146
  • Aug 25, 2019 9:42am Aug 25, 2019 9:42am
Quoting Erebus
{quote} The more I study this and PRICE ACTION, I think the fewer trades will be better As Dashking says in Post 1, it is for 4-hour charts; you can't really trade 4-hour intra-day Well, you can, but the objective should be to enter and hold for a few days to catch the swing I have been in touch with the magnificent SwingMan to discuss his marvelous indicator There is a version that displays the lines for the 2 currency (1 pair) on the chart, I will attach, I MOD it for colors on dark background I suggest to run it on 4-hour ONLY - it shows the...
Hi Erebus,

Is there any update on this indicator?

Thank you
  • #147
  • Aug 25, 2019 10:29am Aug 25, 2019 10:29am
swing as i see it. I guess it's dangerous to trade swings on 1hour charts, prefer daily and weekly.
Attached Image (click to enlarge)
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  • #148
  • Sep 25, 2019 5:00am Sep 25, 2019 5:00am
Quoting Vcnp2000
swing as i see it. I guess it's dangerous to trade swings on 1hour charts, prefer daily and weekly. {image}
Yeah... The one hour time frame should be used for excuting trades... After analysis have been taken from the higher time frames... (4hrs daily and weekly)...
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #149
  • Apr 21, 2020 12:23pm Apr 21, 2020 12:23pm
Quoting Jaricho313
Do you guys use fundamental analysis for your trading? What percentage of your analysis is fundamental and technical. If so; I use IG trading and you can add all the fundamental news up coming.. Is looking at this news and analyzing enough or do they miss a few bits off? Also where did you learn to use fundamental analysis.. I ask this because i swing trade without any fundamental analysis and i think this may be letting me down.. Thanks in advance.
we don't use much of fundamentals, just about noting news events...(not the content) its pure technical analysis.... if you use iG sentiment indicator, it would be good you trade against the net sentiment of the retailers...
when retailers take a net position lets say LONG, then expect a huge SHORT swing to unfold around the corner
you can ask your questions.... holla.. the lock down has given us enough time
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #150
  • Apr 21, 2020 12:26pm Apr 21, 2020 12:26pm
Quoting Vcnp2000
swing as i see it. I guess it's dangerous to trade swings on 1hour charts, prefer daily and weekly. {image}
its more of a short term trade we trade here.... more than a day but less than a week... and one hour is just owk to catch that range...
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #151
  • Apr 21, 2020 12:28pm Apr 21, 2020 12:28pm
i have really evolved in trading over time... i hope to begin pure chart analysis soon
though still same short term swings and day trades....
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #152
  • Apr 21, 2020 12:30pm Apr 21, 2020 12:30pm
am sticking to just two pairs... the eurusd and the gbpusd... and the dollar index for strength correlation
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #153
  • Apr 21, 2020 12:43pm Apr 21, 2020 12:43pm
and for who ever is interested in sharing some trading wisdom... i think its important we begin to talk about some generic concepts of the market... like how the forex business is run... i think understanding the asset class and its generic behaviors is pre requisite to attaining any form of consistency... in the long run... indicators seem to have blinded majority of the newbies from the truth of the market...

as basic as a swing point is on a price chart... i believe getting to know why and how it forms alone is able to give a good head way in trading profitably....
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #154
  • Apr 21, 2020 12:45pm Apr 21, 2020 12:45pm
i would like to here your views on the generic concepts of the forex market... a lot of talk about the MM but really what do you think?
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #155
  • Apr 21, 2020 2:06pm Apr 21, 2020 2:06pm
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
Quoting DashKing
i would like to here your views on the generic concepts of the forex market... a lot of talk about the MM but really what do you think?
Hi Dashking.

As you mentioned in a previous post, your trading has started to evolve, usually synonymous with a reduction of indicators, dashboards etc. etc.
I jokingly describe it a bit like Neo and the Matrix. Suddenly you see it...and all that clutter just gets in the way of seeing what is really going on.

Indicators, systems etc are great when the market is "compliant "...but the market can't continuously be "compliant" if it is to exist and be profitable.
You may now be starting to "see" where the market...or a currency pair "has to go"...but to get there, it has to fund the momentum and so most often has to go in the opposite direction first.
Think of it like a bow and arrow. You see the target...but if the arrow isn't pulled back far enough in the opposite direction, it may fail to have the momentum to reach the target.
This is why so many traders will get stopped out of a trade when it goes dramatically in the opposite direction, only then to see it fly in the direction they originally predicted, but by then they'd lost the confidence in their original foresight.
The market can't BUY to get the momentum if it can't encourage and encapsulate enough SELL orders to fund the momentum.
There's examples of this every day and every week.
For example: there's a high chance that their will be some "buying" of the NZD over the next 8-12 hours, but is this an opportunity to BUY or an opportunity to SELL ?
I suggest that it is just a case of pulling the arrow back ready for the next shot.

You are also wise to trade just a handful of related currencies and gauge their strength and weakness against each other.
This is a great way of tailoring both lot size and risk for maximum returns.
Stop-losses shouldn't be necessary other than to protect you from something REALLY extraordinary, but you should't be that over-committed anyway.
Never push your margin to it's limits.
Save some, not only to protect yourself, but for those golden opportunities that pop-up occasionally when you just can't lose.
Use at least two reputable brokers.
You can live very comfortably off $40K but split it 50-50 between two. That's the best risk management.
Lose some money sometimes....it let's them know that they have a chance of you losing the lot ahaha

I'm just passing by the way, having a look at the news and saw your post. Thought I'd give you some encouragement. You're on the right track.
My best wishes for your future success.
  • #156
  • Apr 21, 2020 2:57pm Apr 21, 2020 2:57pm
Quoting Leebos
{quote} Hi Dashking. As you mentioned in a previous post, your trading has started to evolve, usually synonymous with a reduction of indicators, dashboards etc. etc. I jokingly describe it a bit like Neo and the Matrix. Suddenly you see it...and all that clutter just gets in the way of seeing what is really going on. Indicators, systems etc are great when the market is "compliant "...but the market can't continuously be "compliant" if it is to exist and be profitable. You may now be starting to "see" where the market...or a currency pair "has to...
wolla... i love the bow and arrow concept.... thanks Leeboss... your insight is well appreciated... i hope some smart folks got the diamond you just dropped... great nuggets indeed...
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #157
  • Apr 21, 2020 3:09pm Apr 21, 2020 3:09pm
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
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  • #158
  • Apr 21, 2020 3:11pm Apr 21, 2020 3:11pm
when i joined ff years ago... i was wowed by guys that showed all green pips... with colorful charts to back up... we never wanted to listen to guys that just gave very simple concepts... and emphasized on 'process oriented thinking' and the right psychological approach to the market...
we ignored those ones and went for those that showed us the actions we desired... click here and exit there... we just wanted it easy and we wanted it now....

listen folks.... the first rule of war applies here like in the real world... you must first and foremost .... know your enemy...

discipline is one thing...
knowing the right thing to stick to in discipline is another....
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
  • #159
  • Apr 21, 2020 3:54pm Apr 21, 2020 3:54pm
  •  Leebos
  • | Joined Aug 2012 | Status: I do not believe in a fate that fal | 75 Posts
To keep a clear mind.......maybe not think of it so much as a war.
So many rookie traders feel that the market makers are out to get them......"stop hunting" "slippage" etc blah blah
Yes those movements and actions do occur, but they're not personal and not out to get you per-say. They are just the necessary mechanics of the market trying to fund itself and the players needing to make a profit.
As retail traders...you're just along for the ride and to take profits along the way.

Try not to think of it as movements that were meant to catch you out personally so much as necessary actions that were required to make the next move happen.
Don't be lead by the nose (indicators etc) but by your educated mind.

The biggest challenge (once you see the light) is protecting your money once you're making it.
The industry typically attracts heartless thieves and snakes (wolves if you like) and they're not expecting you to be doing anything but topping up your waning account over the years while you hope to figure it all out. Do you think any unscrupulous broker is going to be happy paying $8K + into your bank account month in month out?
There's your challenge right there..
  • #160
  • Apr 21, 2020 4:24pm Apr 21, 2020 4:24pm
Quoting Leebos
To keep a clear mind.......maybe not think of it so much as a war. So many rookie traders feel that the market makers are out to get them......"stop hunting" "slippage" etc blah blah Yes those movements and actions do occur, but they're not personal and not out to get you per-say. They are just the necessary mechanics of the market trying to fund itself and the players needing to make a profit. As retail traders...you're just along for the ride and to take profits along the way. Try not to think of it as movements that were meant to catch you out...
hmm... talking about the brokers... thats another subject... i get your point


and really forex education... i think we need some more truths in the industry....
too many snares for the uneducated.... and huge pitfalls for the ignorant....
Wisdom dwells with prudence discovering the knowledge of witty inventions
D-kings lengend trades All Time Pips: 3,675
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