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General Trading Chat / Ideas

  • #10,601
  • Oct 12, 2019 4:03am Oct 12, 2019 4:03am
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.
Hi mate,

Reading thread for a while with interest. I assume oscillator you mentioned is Stochs on H2 / H8 ?

Notice an almost linear connection with 32ema with actionable divergence.

Interesting approach.

swd
  • #10,602
  • Oct 12, 2019 4:04am Oct 12, 2019 4:04am
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...
good morning

I am a veteran trader with 18 years in this crazy market .

I followed along the interesting chat between you and another trader on the thread

you got a zig and a zag and making 7 to 10 pip a time ... that sounds like and is hard work

the other person you were talking to hit on something very important ... how many pip do you aim for ... you said what markets gives you

however there is a key point 99 percent of traders miss .....

the markets are VERY organized at all times . They are run by pool of money be it government banks large corporation etc . Gbp has a daily range of 130 pip .. why do you have to zig and zig and drive your self insane when you can be patient find the right entry and intraday trend and go for the days range limits as target

you can easily pull out half of the days range and you have very defined target .

Days range is found using atr .. settings are up to you . I use 14 as my average to give me the average days range of the last 14 days and my most probable days limits .


Eurusd current days range 55 pip not worth trading
Gbpusd increased to 124 but was about 110 much more interesting
gold is $23 a day .. that what I trade
dax 160 points a day
dow 200 a day

I intraday trade the last 4 , with the intraday trend .. i trade into the days range .

You mentioned in one of your posts range of30 pip .. if you are talking about gbp you have to be pateince .. the 30 pip ranges are are consolidation zones and from these come awesome moves ... and easy trading

So if you are a day trader find something that moves and have good daily ranges and trade if... if swing trade look at higher time frames .. and find trends on 4 hour charts

markets are orderly ... big money doesn't of want insane moves of 3 percent a day in currency or indexes .. it's not good for stability of economy so they control it ...... from that we can find our intraday targets with ease
Blogging daily now at www.volume.zone
  • #10,603
  • Oct 12, 2019 4:10am Oct 12, 2019 4:10am
people leave, but this thread will go on for ever
  • #10,604
  • Oct 12, 2019 4:45am Oct 12, 2019 4:45am
Quoting swd
{quote} Hi mate, Reading thread for a while with interest. I assume oscillator you mentioned is Stochs on H2 / H8 ? Notice an almost linear connection with 32ema with actionable divergence. Interesting approach. swd
how do u mean mate? Can use the stochs on any TF and it defo helps for confirmation in certain spots (for me anyway).

u can make a linear correlation with any MA if u just change ur settings - if thats what u meant....
  • #10,605
  • Oct 12, 2019 4:48am Oct 12, 2019 4:48am
Quoting Jp1
{quote} how do u mean mate? Can use the stochs on any TF and it defo helps for confirmation in certain spots (for me anyway). u can make a linear correlation with any MA if u just change ur settings - if thats what u meant....
i love my stch and macd settings what are settings
people leave, but this thread will go on for ever
  • #10,606
  • Oct 12, 2019 4:50am Oct 12, 2019 4:50am
jp try,s how you go mate
people leave, but this thread will go on for ever
  • #10,607
  • Oct 12, 2019 5:00am Oct 12, 2019 5:00am
Quoting Jp1
{quote} how do u mean mate? Can use the stochs on any TF and it defo helps for confirmation in certain spots (for me anyway). u can make a linear correlation with any MA if u just change ur settings - if thats what u meant....
I don't know much about chart trading, ex-arbitrage trader, so learning. This is what I was getting at on H2 stochs vs 32 ema divergence under key emas. Just part of a bigger puzzle I guess.

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  • #10,608
  • Oct 12, 2019 5:09am Oct 12, 2019 5:09am
morning pro's
Turn your wounds into wisdom
  • #10,609
  • Oct 12, 2019 6:03am Oct 12, 2019 6:03am
Zig zag is 1272 or 161 targets bit like this one on gold the right shoulder is zig the extenion target 161 is zag in this case becouse its currection yes it will probbly work but i wont be taking it i would rather short the complated 161 zag however i wont be trading the 15min pattern on sunday or monday the market often resets minor patterns swing on sunday monday better to wait for new pattern to form
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Turn your wounds into wisdom
  • #10,610
  • Oct 12, 2019 6:12am Oct 12, 2019 6:12am
i dont need inicators to tell me becouse i start small at the best spot befour the indys kick in if it fail i lose very little if it works im in good spot will add full position when the indys catch up. small loses good runs when it works
Turn your wounds into wisdom
  • #10,611
  • Oct 12, 2019 6:17am Oct 12, 2019 6:17am
curection tend to be zigzag or flats zigzags are deeper often giving harmonic flats are shallow not got for pullback trader due shallow pb but that often means there strong momentom in the next swing if you get shallow correction.... my 2 penny thoughts
Turn your wounds into wisdom
  • #10,612
  • Oct 12, 2019 9:47am Oct 12, 2019 9:47am
Turn your wounds into wisdom
  • #10,613
  • Oct 12, 2019 9:47am Oct 12, 2019 9:47am
anyone seen any good set ups for next week to watch?
Turn your wounds into wisdom
  • #10,614
  • Oct 12, 2019 9:49am Oct 12, 2019 9:49am
GJ GU on my radar next week
Turn your wounds into wisdom
  • #10,615
  • Oct 12, 2019 10:01am Oct 12, 2019 10:01am
Quoting swd
{quote} I don't know much about chart trading, ex-arbitrage trader, so learning. This is what I was getting at on H2 stochs vs 32 ema divergence under key emas. Just part of a bigger puzzle I guess. {image}
You will do better thn most ,, you already know the big picture ,, it is just pieces of a puzzle ,, and the more practice and repetitions you get the better you will do ,, it is the same shit over and over ,,from same patterns from same culprit areas ,,,,
The chart set up you have ,, hard to beat a 2 hour ,, awesome for catching the bulk of the swings back and forth or using tht info to be in and out to make your shekels and be on with your life ,, bit like a m30 one can get a lot of info from tail areas ,, you will do just fine ,, ,,you will collect quite a crowd of nay sayers and evidently ones tht know everything tho ,, pay em no mind and just keep collecting bud ,, the mkt will make more ,,the moves can be seen and the pieces put together whether one attaches a name to level or not ,, few tools definitely helps ,, cheers bud ,, might add a little common sense goes a long ways too ,, but sure you have tht figured out also ,,hope all are having a great week end ,
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  • #10,616
  • Oct 12, 2019 10:16am Oct 12, 2019 10:16am
EU chart from last week b4 the move
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Turn your wounds into wisdom
  • #10,617
  • Oct 12, 2019 10:45am Oct 12, 2019 10:45am
EU low hanging fruit or forget. be nimble take a 1 to 1 RR
not 100% win but its best probability set up i see on that chart
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Turn your wounds into wisdom
  • #10,618
  • Oct 12, 2019 11:07am Oct 12, 2019 11:07am
some things to consider eu
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  • #10,619
  • Oct 12, 2019 11:26am Oct 12, 2019 11:26am
Quoting digger1
{quote} You will do better thn most ,, you already know the big picture ,, it is just pieces of a puzzle ,, and the more practice and repetitions you get the better you will do ,, it is the same shit over and over ,,from same patterns from same culprit areas ,,,, The chart set up you have ,, hard to beat a 2 hour ,, awesome for catching the bulk of the swings back and forth or using tht info to be in and out to make your shekels and be on with your life ,, bit like a m30 one can get a lot of info from tail areas ,, you will do just fine ,, ,,you...
Yeah thanks. You make some good observations. Seems like a great group of people in this thread and I'm learning alot. Have a good week end
  • #10,620
  • Oct 12, 2019 11:42am Oct 12, 2019 11:42am
Good day all
Well, I wonder why this keeps happening on Ff... The trend is this... One guy posts a series of good calls, people want to learn... Others try it out and fail woefully...some others who have profitable systems say that person would blown his account soon....alot of argument who's better...

I have come to understand something in this life... Everything is relative!!!
We have millionaire traders who are scalpers... We have millionaire swing traders....millionaire position traders. Different strokes for different folks...

What is the reason we all trading? To make money.. Obviously ..then I feel that's what we should do...

I don't trade digs system... But watch pa around his levels...

.. I looked at Malcolm video on YouTube... Quite interesting...

If one says he zigs n zags with the flow of the market.. No biggie... Some would rather collect multiple 30 pips than 100 pips at once... U can say the former makes more money for the broker..but who cares?...he is making a nice profit...

I'm also a firm believer of the daily range theory... Even digs applies it at times...

Now I see why pro institutional traders are weary of chartrooms

But what do I know.... I'm just a young african with just 3 years experience ...
Have a nice weekend all

PS... Malcolm... Good to have u here ..i love your videos
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