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General Trading Chat / Ideas

  • #10,581
  • Oct 11, 2019 9:12am Oct 11, 2019 9:12am
couldn't resist GU GJ shorts here
Turn your wounds into wisdom
  • #10,582
  • Oct 11, 2019 4:21pm Oct 11, 2019 4:21pm
Quoting MrBullBear
{quote} I know closed my long with +7pips. I am currently open short. BullBearing in this low volatility day. But just like digs always say, small pips when accumulated at the end of the day will be just enough as decent one.
Only 2 losses since applying Diggers simple method. Will observe and study more of his other methods to avoid such losses and to trade better. But so far so good. (Excellent actually)
Only an idiot knows with certainty to where the market is going.
  • #10,583
  • Oct 11, 2019 4:47pm Oct 11, 2019 4:47pm
Quoting MrBullBear
{quote} Only 2 losses since applying Diggers simple method. Will observe and study more of his other methods to avoid such losses and to trade better. But so far so good. (Excellent actually)
2 out of how many trades and what methods are you applying
ex nihilo
  • #10,584
  • Oct 11, 2019 5:08pm Oct 11, 2019 5:08pm
Quoting Oc6oph
{quote} 2 out of how many trades and what methods are you applying
2 losses out of 11. And those losses can be prevented if I put stop losses. I was so over confident that i slept kept it running without putting SL and ended up waking up stopped out. I'm using Oscillator Digger gave. Works well with his levels but I still don't fully understand it thats why I just use only the Oscillator alone till i learn more of his levels and set ups.
Only an idiot knows with certainty to where the market is going.
  • #10,585
  • Oct 11, 2019 5:16pm Oct 11, 2019 5:16pm
Quoting MrBullBear
{quote} 2 losses out of 11. And those losses can be prevented if I put stop losses. I was so over confident that i slept kept it running without putting SL and ended up waking up stopped out. I'm using Oscillator Digger gave. Works well with his levels but I still don't fully understand it thats why I just use only the Oscillator alone till i learn more of his levels and set ups.
How many pips do you aim for? When I started trading I traded these levels or support and resistance and got myself into the biggest drawdown I have ever been in. I mean my account just kept going down. Thought I was going to blow my account. Was very stressful. But I stuck with it and found some things that actually work
ex nihilo
  • #10,586
  • Oct 11, 2019 5:39pm Oct 11, 2019 5:39pm
Quoting Oc6oph
{quote} How many pips do you aim for? When I started trading I traded these levels or support and resistance and got myself into the biggest drawdown I have ever been in. I mean my account just kept going down. Thought I was going to blow my account. Was very stressful. But I stuck with it and found some things that actually work
I don't aim for pips. I just get what market can give. I close my trade when the indicator signals and then open again when it signaled. Aiming for pips is a bad trading mentality. I used to do that but get over with. Aiming 50pips on a 20-30 pip range, you're not gonna win. But there's a way to maximize pips... learn how to dance in between. As Digger said, Zig when it Zig, Zag when it Zag during low volatility 20-30 pip range. At eod, you'll get 100+ pips just like it's a high volatility days.
Only an idiot knows with certainty to where the market is going.
  • #10,587
  • Oct 11, 2019 6:17pm Oct 11, 2019 6:17pm
Quoting MrBullBear
{quote} I don't aim for pips. I just get what market can give. I close my trade when the indicator signals and then open again when it signaled. Aiming for pips is a bad trading mentality. I used to do that but get over with. Aiming 50pips on a 20-30 pip range, you're not gonna win. But there's a way to maximize pips... learn how to dance in between. As Digger said, Zig when it Zig, Zag when it Zag during low volatility 20-30 pip range. At eod, you'll get 100+ pips just like it's a high volatility days.
Well how many pips do you get per trade? And I’d love to see an example of digs zig and zagging lol. As he commented on me saying something about me having a couple bad weeks. He said he’s never had 2 losing weeks. So this must be the best trading strategy on the planet
ex nihilo
  • #10,588
  • Oct 11, 2019 6:48pm Oct 11, 2019 6:48pm
Quoting Oc6oph
{quote} Well how many pips do you get per trade? And I’d love to see an example of digs zig and zagging lol. As he commented on me saying something about me having a couple bad weeks. He said he’s never had 2 losing weeks. So this must be the best trading strategy on the planet
You know I focus on eurusd pair and we are currently low volatility and in accumulation stage so, 7 to 15 pips per trade is what I get. As per the Zigzagging, it is basically common sense. You know your levels and you know better than me, i am struggling with my computer setting it up, my saved templates is not working properly, i can't identify pivot. You do.. you can. Play in between. I am still studying it, i am not there yet. Needs more understanding and practice. But the simple indicator help me a lot not to loose. There is a downside though. It works perfectly when on ranging or accumulation but fails when breakout or fakeouts happens or when trending. That is why i am studying more of Diggers levels to be aware of those and take it as opportunity. We need to add more knowledge to trade in all circumstances. It can be done... we just need to know how. Like digger always saying..There is no magic, no mystic, not rocket science.. just proper understanding.
Only an idiot knows with certainty to where the market is going.
  • #10,589
  • Edited 7:10pm Oct 11, 2019 6:58pm | Edited 7:10pm
Quoting MrBullBear
{quote} You know I focus on eurusd pair and we are currently low volatility and in accumulation stage so, 7 to 15 pips per trade is what I get. As per the Zigzagging, it is basically common sense. You know your levels and you know better than me, i am struggling with my computer setting it up, my saved templates is not working properly, i can't identify pivot. You do.. you can. Play in between. I am still studying it, i am not there yet. Needs more understanding and practice. But the simple indicator help me a lot not to loose. There is a downside...
Well maybe GBPUSD would be better than EURUSD as it often gives lots of pips quickly. And I believe there’s better things than focusing on these levels or support and resistance. Like I said I used to focus on these levels when I started and most new traders do only resulted in massive losses. There’s other methods that he calls bullishshit that I believe one will find more profitable. And none of this is rocket science lol just very simple stuff. Anyway MrBullBear may the pips be with you
ex nihilo
  • #10,590
  • Oct 11, 2019 7:34pm Oct 11, 2019 7:34pm
Quoting Oc6oph
{quote} Well maybe GBPUSD would be better than EURUSD as it often gives lots of pips quickly. And I believe there’s better things than focusing on these levels or support and resistance. Like I said I used to focus on these levels when I started and most new traders do only resulted in massive losses. There’s other methods that he calls bullishshit that I believe one will find more profitable. And none of this is rocket science lol just very simple stuff. Anyway MrBullBear may the pips be with you
If it those works better for you then, im happy with you. Yes, pips be with me now that i am beginning to understand those. Im sorry it didn't work out on you.. maybe you did it wrong. Or maybe you didn't understand it quite well enough. But it you understand another and it works for you, do it. But don't wonder if someone are not loosing and have a high winning rate. Becouse those who have the right understanding and perspective. They are the one who knows how to trade.
Only an idiot knows with certainty to where the market is going.
  • #10,591
  • Edited 7:57pm Oct 11, 2019 7:40pm | Edited 7:57pm
Quoting MrBullBear
{quote} If it those works better for you then, im happy with you. Yes, pips be with me now that i am beginning to understand those. Im sorry it didn't work out on you.. maybe you did it wrong. Or maybe you didn't understand it quite well enough. But it you understand another and it works for you, do it. But don't wonder if someone are not loosing and have a high winning rate. Becouse those who have the right understanding and perspective. They are the one who knows how to trade.
You don’t have to have high win rate. And I don’t think one can trade these levels wrong as it’s kind it’s kind of given. Who has high win rate? Over time you’ll see what I’m saying. Also someone who calls everything but their ways or methods bullshit doesn’t sound like a winning trader to me sounds more like a 2 year old
ex nihilo
  • #10,592
  • Oct 11, 2019 8:16pm Oct 11, 2019 8:16pm
Quoting Oc6oph
{quote} You don’t have to have high win rate. And I don’t think one can trade these levels wrong as it’s kind it’s kind of given. Who has high win rate? Over time you’ll see what I’m saying
Those who doesn't believe, doesn't know how. I understand that you don't need high win rate to succeed. But there's nothing wrong having high win rate. I only know one method of digger coz i still have a hard time understanding his full system. But that one i know gave me only 2 losses out of 11. You may say its just luck and I will loose more in the long run, will see..
You are wrong about what you said "you don't think one can trade levels wrong and its kind of given". See, it's pretty obvious you don't understand it. It is not kind of given, coz it it is.. everybody is a millionaire. Every body knows how to draw or identify levels but only few understand the use of it. Levels points direction, levels whisper signals.. but you gotta learn how to see it, you gotta develop the ability so you can hear it. It's not given... you need some studying and correct understanding. Develop skills and abilities. It's the only way to know it.
Only an idiot knows with certainty to where the market is going.
  • #10,593
  • Oct 11, 2019 8:20pm Oct 11, 2019 8:20pm
Quoting MrBullBear
{quote} Those who doesn't believe, doesn't know how. I understand that you don't need high win rate to succeed. But there's nothing wrong having high win rate. I only know one method of digger coz i still have a hard time understanding his full system. But that one i know gave me only 2 losses out of 11. You may say its just luck and I will loose more in the long run, will see.. You are wrong about what you said "you don't think one can trade levels wrong and its kind of given". See, it's pretty obvious you don't understand it. It is not kind of...
You misunderstood me I’m saying buying or selling these horizontal levels. I have something that does work and also use plain price action. These levels the way I understand the teachings from his teachings to you all is just going to result in blown account. But brother you keep doing whatever as it’s your money have a great weekend
ex nihilo
  • #10,594
  • Oct 11, 2019 8:38pm Oct 11, 2019 8:38pm
Quoting Oc6oph
{quote} You misunderstood me I’m saying buying or selling these horizontal levels. I have something that does work and also use plain price action. These levels the way I understand the teachings from his teachings to you all is just going to result in blown account. But brother you keep doing whatever as it’s your money have a great weekend
I appreciate your concern and thank you. I don't think i misunderstood you. Yes, its about buying and selling. But the question is where? And which? That is the point. That is what we need to understand. I understand you price action, but isn't it the same as levels? Levels is the measurement and the result of the behavior of price action isn't that right?
With regards to blowing my account, to be honest with you, I barrowed huge money last year and blown it in just 2 months. 50% draw down in my first 2 days with the same understanding that you have that levels are bullshit. I'm not gonna let that happen again.. and with the knowledge and understanding that i am acquiring, skills that developing... no chance im gonna blow my account this time. Right perspective of the market and correct understanding of the system is the key. Have a great weekend brother! Peace be with us.
Only an idiot knows with certainty to where the market is going.
  • #10,595
  • Oct 11, 2019 8:41pm Oct 11, 2019 8:41pm
Quoting MrBullBear
{quote} I appreciate your concern and thank you. I don't think i misunderstood you. Yes, its about buying and selling. But the question is where? And which? That is the point. That is what we need to understand. I understand you price action, but isn't it the same as levels? Levels is the measurement and the result of the behavior of price action isn't that right? With regards to blowing my account, to be honest with you, I barrowed huge money last year and blown it in just 2 months. 50% draw down in my first 2 days with the same understanding that...
Youre risking way too much then should only risk a lot when you have profits to risk in my opinion. You’re always going to blow account risking too much every trade. Not just you anyone would blow their account risking too much you’re never going to make it if you continue to risk too much
ex nihilo
  • #10,596
  • Oct 11, 2019 8:50pm Oct 11, 2019 8:50pm
Quoting Oc6oph
{quote} Youre risking way too much then should only risk a lot when you have profits to risk in my opinion. You’re always going to blow account risking too much every trade
I know.. that was last year, i don't know how to trade then. I have poor understanding that is why I blow my account. I got carried away trading demo and doubled it in 3 weeks and done it 3x im a row that made me barror money and go live. My mistake. Totally different on a live trade coz psychology played its role. That is why i am studying carefully now and viewing market in the better perspective.
Only an idiot knows with certainty to where the market is going.
  • #10,597
  • Oct 11, 2019 8:56pm Oct 11, 2019 8:56pm
Quoting MrBullBear
{quote} I know.. that was last year, i don't know how to trade then. I have poor understanding that is why I blow my account. I got carried away trading demo and doubled it in 3 weeks and done it 3x im a row that made me barror money and go live. My mistake. Totally different on a live trade coz psychology played its role. That is why i am studying carefully now and viewing market in the better perspective.
It not matter your level of understanding if you always risk too much you’re always going to lose accounts. You’re just wasting time your time risking too much. Maybe try only risking small amounts this week and see how it goes. Put the past accounts behind you as once you’re making money you’ll have all of that back
ex nihilo
  • #10,598
  • Oct 11, 2019 11:15pm Oct 11, 2019 11:15pm
Looks like UC sold off at 78.6
Attached Image (click to enlarge)
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ex nihilo
  • #10,599
  • Oct 12, 2019 2:40am Oct 12, 2019 2:40am
Quoting Oc6oph
Looks like UC sold off at 78.6 {image}
yep, dropped the previous shoulder, and a double top....mixed in with ur fibs.....pretty strong sell signal! U see, we can all work together to get better!
Attached Image (click to enlarge)
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  • #10,600
  • Oct 12, 2019 3:18am Oct 12, 2019 3:18am
Quoting Jp1
{quote} yep, dropped the previous shoulder, and a double top....mixed in with ur fibs.....pretty strong sell signal! U see, we can all work together to get better! {image}
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