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Price is everything

  • #31,221
  • Feb 24, 2020 3:29am Feb 24, 2020 3:29am
Quoting dextormason
Yes Price is Everything specially for Forex Trading Market. Whatever you buy or sell currency or any other stock. Price of that stock or currency also play a vital role. Trader should have sufficient knowledge to predict about when he has to buy or sell currency. So, he can get maximum profit.
That's apt! The entire play happens on PRICE itself. Its all about the right price movement at the right time.
  • #31,222
  • Feb 25, 2020 5:02pm Feb 25, 2020 5:02pm
Quoting dappa
{quote} Have you been successful with this method, what is your win ratio?

For the way my brain cell works... Price action at supply/demand and support/resistance. Is the only way I have been profitable in trading. As for win loss ratio; varies a lot some times. But I don't disclose that kind of information, it has a tendency to make me trade for the wrong reasons. For example, if I say my win loss is 3:1, then it becomes an objective to meet in my head. My objective is to trade well and be profitable regardless of win loss ratios. I know of one trader who's win rate is 30 to 40% yet he is insanely profitable.

I guess to some up what I'm trying to say. Statistics in retail trading are only good for the individual trader.

Personally, I never want to feel like I'm boasting. Leads to problems later.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,223
  • Feb 25, 2020 5:03pm Feb 25, 2020 5:03pm
Quoting SimoBullet
{quote} out 2/3 {image}
Did you get the 2/3rd from reading in the thread?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,224
  • Feb 26, 2020 4:36pm Feb 26, 2020 4:36pm
Quoting Rufus
{quote} Did you get the 2/3rd from reading in the thread?
yeahh, I still need to learn more in this thread which is why i'm posting my chart. Learning what has passed is different from learning what happens next.
  • #31,225
  • Feb 26, 2020 4:59pm Feb 26, 2020 4:59pm
Quoting SimoBullet
{quote} yeahh, I still need to learn more in this thread which is why i'm posting my chart. Learning what has passed is different from learning what happens next.
Do you know why Red took off 2/3 at 1:1 at times?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,226
  • Feb 27, 2020 12:48am Feb 27, 2020 12:48am
Hi Rufus, dont want diturb,

because he didn't have much ego, and he recognized that no one knows what can happen next…?

regards and Good trading
Newbie trader
  • #31,227
  • Feb 27, 2020 4:58am Feb 27, 2020 4:58am
Quoting fex
Hi Rufus, dont want diturb, because he didn't have much ego, and he recognized that no one knows what can happen next…? regards and Good trading
If 2/3 came off at 1:1 and price came back an hit his un-moved stop there was still a profit.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,228
  • Feb 27, 2020 5:46am Feb 27, 2020 5:46am
Yes, sayed by him many times... Thanks
Newbie trader
  • #31,229
  • Feb 29, 2020 6:19am Feb 29, 2020 6:19am
Quoting Rufus
{quote} If 2/3 came off at 1:1 and price came back an hit his un-moved stop there was still a profit.
thanks for explaining it
  • #31,230
  • Edited 8:02am Mar 7, 2020 7:16am | Edited 8:02am
For anyone interested in a perspective; A few of my foundational reasons it was time to speculate to buying dips this week and last even though I was way late (should have tested entries inside the 2017gap zone):

The main reasons to think this was possible significant reversal was 1. price slowly took three weeks to descend from new lower high, and fill the 2017 gap(demand), 2. daily engulf bar(feb 21) left potential weekly reversal bar (pin/hammer), 3. then took 5 days(1/3 the time) to retrace over 70% of descent(significant change in direction/velocity of momentum), 4. this would lead to resolving/returning to top of last lower high and a potential monthly reversal bar and continuation...if...recent lower highs (supply) are broken.
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Charts are limited in nature. What is the relative location?
  • #31,231
  • Mar 7, 2020 10:51am Mar 7, 2020 10:51am
Break-down of a 200 + pip AUDCHF movement:

Inserted Video
instagram: stepbystepforex
  • #31,232
  • Mar 12, 2020 10:52pm Mar 12, 2020 10:52pm
Yes, price is everything. In forex a small change in price movement helps trader to earn profit or may cover his loss. Hedging is one of the example of price volatility and rapid change in price.
  • #31,233
  • Mar 14, 2020 1:26pm Mar 14, 2020 1:26pm
Timing always precedes price on the top of this market. IF you study economics with the news you would understand that. Understanding the times up to what time it is can be more critical than the spot, it's a buy or sell even if you had to buy the ask at a 2% (2%=200-pips) spread.
Count Of Antwerp
  • #31,234
  • Apr 4, 2020 4:56am Apr 4, 2020 4:56am
Hi guys...

some of my trades where i will try to trade with price action...

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  • #31,235
  • May 3, 2020 10:19am May 3, 2020 10:19am
red i want to talk to you if its possible
  • #31,236
  • May 5, 2020 3:21am May 5, 2020 3:21am
This thread made me earn millions


Thanks
  • #31,237
  • Jun 16, 2020 2:40am Jun 16, 2020 2:40am
Quoting DailyChart
This thread made me earn millions Thanks
how long have you started trading?
  • #31,238
  • Jun 16, 2020 4:22am Jun 16, 2020 4:22am
Any news from redsword? where is this guy now? sitting in his millions?
  • #31,239
  • Jun 16, 2020 4:48am Jun 16, 2020 4:48am
Quoting Karlorenz14
Any news from redsword? where is this guy now? sitting in his millions?
From what I read somewhere, he passed away.
  • #31,240
  • Jun 16, 2020 8:40am Jun 16, 2020 8:40am
Quoting unknown7
{quote} From what I read somewhere, he passed away.
That's sad to hear. Anyone here using his strategy? How is it working on your trades?
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