All the analyses were wrong since four weeks I have been watching regarding EURUSD. A ll of them were saying eurusd will go up and up and look at the eurusd.
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- #94,082
- Aug 28, 2019 11:25am Aug 28, 2019 11:25am
- Joined Sep 2017 | Status: Trader | 4,360 Posts
Trade to trade another day
- #94,083
- Aug 28, 2019 11:50am Aug 28, 2019 11:50am
- Joined Aug 2009 | Status: Reading the TAPE | 2,389 Posts
All the analyses were wrong since four weeks I have been watching regarding EURUSD. All of them were saying eurusd will go up and up and look at the eurusd.
). Many participants in this thread are very good at what they do. They should be commended.As for yourself, Maybe you should consider the following:
1. You should be doing your own homework. Everyone trade's their own personality, therefore you need to focus on what fits yours and not what others are doing.
2. Trading is a loser's game: He who loses best, wins. Basically, almost everyone is going to be wrong more than they are right. Success comes from how one handles the losses. As the saying goes, "Take care of the losses (of which there will be many) and the wins will take care of themselves."
Without VSA, you're playing checkers while the Smart Money plays chess.
- #94,084
- Aug 28, 2019 12:03pm Aug 28, 2019 12:03pm
- | Joined Jun 2019 | Status: on vacation | 1,726 Posts
- #94,085
- Aug 28, 2019 12:05pm Aug 28, 2019 12:05pm
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Focus only on what truly matters!
- #94,086
- Aug 28, 2019 12:14pm Aug 28, 2019 12:14pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
- #94,087
- Aug 28, 2019 12:19pm Aug 28, 2019 12:19pm
- Joined Dec 2005 | Status: Trader | 2,857 Posts
{quote} ....Trading is a loser's game: He who loses best, wins. Basically, almost everyone is going to be wrong more than they are right. Success comes from how one handles the losses. As the saying goes, "Take care of the losses (of which there will be many) and the wins will take care of themselves." ...
- #94,088
- Aug 28, 2019 3:49pm Aug 28, 2019 3:49pm
- Joined Oct 2018 | Status: Risk comes from not knowing what to | 2,233 Posts
Risk comes from not knowing what to do
- #94,089
- Aug 28, 2019 4:07pm Aug 28, 2019 4:07pm
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Focus only on what truly matters!
- #94,090
- Aug 28, 2019 4:16pm Aug 28, 2019 4:16pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #94,091
- Aug 28, 2019 4:34pm Aug 28, 2019 4:34pm
Chart: H1 TF | H4 MTF (HA bars & Oscillator) ...near-term Buy entry ...SL & position sizing is your own prerogative ...check the attached image below for more info. {image}
the most crowded chart I've ever seen We are only learners in this life
- #94,092
- Edited 5:14pm Aug 28, 2019 4:52pm | Edited 5:14pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote} I wonder how you can read this chart
The tools used (to seek confluences based on TA wherein it identifies possible inflection/turning/exit points, gauge position size... etc ) on that chart contains the modified and fused sets of indicators that is made to fit exactly what I need for Trading Forex... making use of my brain more as I am not a fan of Keep It So Simple (K.I.S.S.) thingy... or the so-called Keep It Simple Stu***
...Thus, I know how it works for me (product of research, planning, ...etc).
...Hence, to each their own.
...However, “no methodology works in every instance . . . neither I have never seen anything so consistent ” ─ just like this system I used on my shared chart ; )─
In any case...
My post makes no guarantees as to the accuracy or completeness of the views expressed, including timeliness, and the suitability of shared information herein. Such as the images or charts, and indicators.
This post might be subject to modification or deletion ─ based on my own prerogative and more importantly... based on this thread or FF rules/restrictions as this may become unreliable for various reasons, including changes in the market conditions or economic circumstances.
In addition, please be reminded that there is always the potential for loss. Your trading results may vary. Unique experiences and past performances do not guarantee future results.
Hence, it is highly recommended to seek a duly licensed professional for investment advice whether any given investment idea, strategy/method described herein may be appropriate for your circumstances.
All investments involve risk, including loss of principal.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #94,094
- Aug 28, 2019 5:21pm Aug 28, 2019 5:21pm
- Joined Jul 2012 | Status: CME seat owner | 6,134 Posts
Be hopeful in a winning position, and fearful in a losing position.
{quote} Hi Adam, just keep wondering... ; )─ If this is the most crowded so far that you have ever seen, then you are pretty new here at FF, lol! ; )─ l.
- #94,096
- Edited 7:26pm Aug 28, 2019 5:31pm | Edited 7:26pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
{quote} Yep I agree its a real piece of eye candy and i been trading 20 years
──My last response to this type of unnecessary post/reply that may clutter this thread.
IMO:
Twenty years ago, we don't have much of instant access to a lot of important (relevant) data/information with the kind of advanced tool that we have at this point (hardware/software─comes with an advanced coding; eg. indicators, trading platforms, and the likes) and only limited to what you (or institution, banks...etc) can afford. Yes, there were books available back then... But you would never know what kind of information (from the author) you were getting (reading) back then. Actually, even at these times too... though you may check/verify the data/information much faster today.
“Be wary of the arrogant
Hence, be cautious as there are times that one may tend to learn from what they say only... but not actually doing the work by own self or simply not focusing on his/her own advancement/success.
So for an old dog to learn new tricks at these times... It is truly up to him/her. ─Trading is D.I.Y.
...and in response to the one barking below, I know these things in less than five years.
“Scalping or Intraday trading is NOT compulsory. Traders are free to make highly selective entries and also trade longer horizons wherein it can exploit factors like macroeconomic drift (e.g. FOMC drift), costs are relatively less, and broker mischief is more difficult to disguise. It's perfectly possible for retail traders to attain profit systematically, but... statistics suggest that the number of long-term profitable traders is possibly MUCH less than most people realize, and... the great majority of retail TA-based systems will ultimately fail if blindly traded over several years' worth of changing markets. Overall... I agree that it's possible to get ahead, but mastering the required process is no easy matter and requires a lot of hard work, superhuman amounts of patience, self-discipline, stamina, and a very steady nerve. Also sufficient capital, prudent risk management, and a trustworthy broker.” ─sudo mentor
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #94,098
- Aug 29, 2019 1:21am Aug 29, 2019 1:21am
- | Joined Oct 2013 | Status: Long term Analyst | 1,198 Posts
Never follow/blame others,Patience is the key skill for Succesfull trading.
- #94,099
- Aug 29, 2019 1:49am Aug 29, 2019 1:49am
- Joined May 2014 | Status: Full Time Trader | 27,131 Posts | Online Now
Focus only on what truly matters!
- #94,100
- Aug 29, 2019 2:06am Aug 29, 2019 2:06am
- Joined May 2011 | Status: Trader | 1,577 Posts
Ecclesiastes 1:9