the consolidation is not over {image}
Why do traders use so many indicators?
Update: Market now kissing the ring of the RPD Profile POC
Upside rotation continues on schedule and as expected. Turbulence in-line with rotational range expectation from last Friday. Compression showing itself in the Panel under the H4 Time Frame increasingly with smaller H4 Pi values output to Panel. D1 output not showing tendency to produce upside bias. W1 OmegaWave Direction retains Long condition at 52% Pi. This is critical because it represents the Weekly Magnitude has reached a point (52% Pi and Sub 1.0 Risk) where the Market needs to make a decision about the Weekly Direction for this week.
EURAUD remains Harmonic. That means it is conforming to Reversal Patterns that show a tendency to rotate to the upside. I'm now expecting the first major ABCD Pattern to reveal itself in the next post. Stay tuned!
Upside rotation continues on schedule and as expected. Turbulence in-line with rotational range expectation from last Friday. Compression showing itself in the Panel under the H4 Time Frame increasingly with smaller H4 Pi values output to Panel. D1 output not showing tendency to produce upside bias. W1 OmegaWave Direction retains Long condition at 52% Pi. This is critical because it represents the Weekly Magnitude has reached a point (52% Pi and Sub 1.0 Risk) where the Market needs to make a decision about the Weekly Direction for this week.
EURAUD remains Harmonic. That means it is conforming to Reversal Patterns that show a tendency to rotate to the upside. I'm now expecting the first major ABCD Pattern to reveal itself in the next post. Stay tuned!
{quote} Sorry, I don't sell and I have no incentive or reason to do a T&E. Though they are cute. They can also be faked. How do you know I am not an employee of FF, or one of the many Bucket Shops that FF is used to market the services of a Bucket Shop. I am working on getting a YouTube live stream channel set-up. You are more than welcome to visit that live stream once its ready to go. You can then follow live trades in real-time without filtering.I have a thread the Moderators here at FF tossed in the "Trade Journal" section alerting...
BUT as far as I know, you cannot fake a Trade Explorer or Myfxbook.. To fake a LIVE account you would need to have your Broker, Myfxbook and FF all involved in a scam.. So..
I don't know if you ever tried to update a Trade explorer.. but you need to use your LIVE account number, password, and broker.. If data is incorrect, then you can't have one..
But I have been in this forum for too long, and I have seen this kind of statements way too many times. When someone claims to be profitable, I ask for a trade explorer or myfxbook, as simple as that... And I normally get that same answer..
1+1 = 2.. It is as simple as that..
I always thought, if I was a consistant profitable trader, I wouldn't have any problem to prove it.. logical reasoning I guess. Consistant means AT LEAST 1 year of profits.
Now, I could be wrong tho.. about your LIVE STREAMING.. I am not a truth holder.. Maybe you prove me wrong.. We will see.
No offense buddy, but I see your charts and I feel like I am in the matrix xD
Regards,
GMD
Mine. 
A lot has been said about Naked Chart Trading and Removing the Clutter. This here would be my idea of Naked Chart Trading: {image} Pure Digital Trading cuts the chart clutter. There is always more than one way to de-clutter (skin) the cat.
Is this how the Red Pill looks like??
- #190
- Feb 18, 2020 5:18pm Feb 18, 2020 5:18pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
Even that's too raw for me. I can't trade like that. So, I'll put on some shorts with no socks and no t-shirt. Just some underwear:
Just for you, I'll go ahead and finish the trade like this. Now, my chart has nothing but underwear and deodorant. Clean. No one can argue of clutter here.
BTW - a T&E says nothing if it is not growing capital at a rate commensurate with the actual rate of return. I explained the differential and distinction in a post above. You can have a T&E with a billion pips and still be cash (equity) poor - or still have relative weak growth. Or, you can far less pips accumulated but significant and relatively large capital growth because you TRUSTED your trades enough to warrant larger size trades.
So, it comes down to actual Capital Growth Rate which is a function of pips netted, but much more a function of whether or not the Trader trusted their trading sufficient to warrant increasing size along the way.
I may connect a T&E to my live streaming YouTube set-up. However, nothing will ever trump the actual MT4 Journal's Trade and Account History tabs. Still, I personally prefer TraderVue: https://www.tradervue.com/.
Just for you, I'll go ahead and finish the trade like this. Now, my chart has nothing but underwear and deodorant. Clean. No one can argue of clutter here.
BTW - a T&E says nothing if it is not growing capital at a rate commensurate with the actual rate of return. I explained the differential and distinction in a post above. You can have a T&E with a billion pips and still be cash (equity) poor - or still have relative weak growth. Or, you can far less pips accumulated but significant and relatively large capital growth because you TRUSTED your trades enough to warrant larger size trades.
So, it comes down to actual Capital Growth Rate which is a function of pips netted, but much more a function of whether or not the Trader trusted their trading sufficient to warrant increasing size along the way.
I may connect a T&E to my live streaming YouTube set-up. However, nothing will ever trump the actual MT4 Journal's Trade and Account History tabs. Still, I personally prefer TraderVue: https://www.tradervue.com/.
{quote} Yep.. you are right.. Shooting with your eyes folded will give you 100% accuracy.. That is some AI shyt buddy. Is this how the Red Pill looks like??
Look out! They'll call it "magic" and then burn you 'like' a 'steak' (not at the Stake). LOL! You'll come out all chard up and they'll be reaching for some 'steak' sauce and pitchforks.
Those silly little lines. You have to know when to use them, though. No joke. That's what the Panel tells me (and a lot more).
Even that's too raw for me. I can't trade like that. So, I'll put on some shorts with no socks and no t-shirt. Just some underwear: {image} Just for you, I'll go ahead and finish the trade like this. Now, my chart has nothing but underwear and deodorant. Clean. No one can argue of clutter here.
I am just a bit more conservative and trust opinions and advices in terms of proof. For example, the trader who participated here "J12".. He claimed profitability, he shows his stats thru trade explorer and myfxbook.. and I instantly know that I need to take his advices very seriously even if I have traded differently for very long.. Cuz I know I can learn something valuable..
Now, like I said.. I am gonna be following your live streaming.. maybe I get a surprise.. But a Trade explorer, myfxbook or even that website you linked.. that seems easier.
Anyways.. good luck with your trading!
{quote} Oh no buddy, traders from the past used Indicators without computers.. didn't you know?
I have no idea how they did it. I'd be lost. Seriously, lost. I'd be: Did someone get the license plate of that truck that just ran over my account?
I was sitting here minding my own business reading some Scotch Tape when all of a sudden, boom, I heard a large sucking sound attaching itself to my account. The next thing I knew, I was picking my account up off the floor wondering what the hell just happened.Actually, I should not joke about stuff like that - it really happens.
- #196
- Feb 18, 2020 5:31pm Feb 18, 2020 5:31pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
{quote} Dude if you can make money out of that... then I would be your personal Cheerleader Lol
I'm going with that last pic. Just the chart's underwear. Nothing else. I gotta have something. It would not be fair to completely black out the entire chart and then ask anyone to navigate what happens next. But, just for kicks and giggles - I sure as heck am going to try to make this underwear deal work out.
Probably cheated quite a bit because I've been looking at the Panel all this time. However, I'm going to be doing some of these underwear only type trades in my live streaming YouTube channel. Free channel. Nothing for sale. Just live trades of various types and kinds.
There is always more than one way to skin the kitten.
Always.
{quote} I'm going with that last pic. Just the chart's underwear. Nothing else. I gotta have something. It would not be fair to completely black out the entire chart and then ask anyone to navigate what happens next. But, just for kicks and giggles - I sure as heck am going to try to make this underwear deal work out. Probably cheated quite a bit because I've been looking at the Panel all this time. However, I'm going to be doing some of these underwear only type trades in my live streaming YouTube channel. Free channel. Nothing for sale. Just live...
Cheers