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  • #1,174,181
  • Jul 1, 2020 12:37pm Jul 1, 2020 12:37pm
Quoting SilentFather
{quote} Well not sure what do You want to know. If You believe I'm wrong or not. But I think that we are not aware about other trading methods that can help us achieve possible zero DrawDown and big profit fast. I saw threads here about... 20 trades with big leverage where You can deposit 50 USD and do for example 10 000 USD from it in those 20 trades. It is theoretically possible but I actually did not achieve this yet. I believe what we can do is lower the drawdown and enjoy great profit even with low account. Saying that 50 USD can be...
Not challenging you or questioning if your wrong or not. I am only trying to understand what you mean when you said old way of thinking and your new way of thinking.

Only seeking knowledge! I am interested in what what determines when traders enter trades and when they exit.

Again I didn't undertand what you meant by old and new way of thinking....I was going to assume you mean averaging down but instead of assuming I ask.
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  • #1,174,182
  • Jul 1, 2020 12:40pm Jul 1, 2020 12:40pm
Quoting Erto
{quote} - Yes I trace both my winnings vs loses - Most importantly I investigate why did I lose a particular trade. - I will say I have 80% winning rate. - Risk reward ratio 1:3. - Take profit support or resistance including daily highs and daily lows.
awesome, thanks for sharing!

what about determining when to enter a trade? Do you use any type of guidance/rules to determine taking a position?

EDIT: are you a swing, day, or position trader....how many orders or trades do you close a day month or year...do you track that as well?

EDIT: I personally use Fibs across multiple times as well as finding my own S&R but on larger TFs generally and I enter on those levels
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  • #1,174,183
  • Jul 1, 2020 12:46pm Jul 1, 2020 12:46pm
Quoting mistaouting
{quote} Not challenging you or questioning if your wrong or not. I am only trying to understand what you mean when you said old way of thinking and your new way of thinking. Only seeking knowledge! I am interested in what what determines when traders enter trades and when they exit. Again I didn't undertand what you meant by old and new way of thinking....I was going to assume you mean averaging down but instead of assuming I ask.
Sure my friend. I understand now. I just believe that we don't know another ways of trading. There is more than simple S/R with RRR 1:3 and so on.

I will gladly help anyone as soon as I create everything together in one piece.

SF
  • #1,174,184
  • Jul 1, 2020 12:48pm Jul 1, 2020 12:48pm
Quoting mistaouting
{quote} awesome, thanks for sharing! what about determining when to enter a trade? Do you use any type of guidance/rules to determine taking a position?
Yep I follow a set of rules and indicators as well. eg, since I'm scalping lets say we have a clear break out from resistance 1, I will buy and my target is resistance 2 take profit.
I'm enjoying the wins because I was once terrified by loses
  • #1,174,185
  • Jul 1, 2020 12:49pm Jul 1, 2020 12:49pm
Quoting pridolfx
LONG NOW
I wouldn't argue that point!

Is it a fundamental or technical reason? Any reason why or levels?
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  • #1,174,186
  • Jul 1, 2020 12:57pm Jul 1, 2020 12:57pm
Quoting Erto
{quote} Yep I follow a set of rules and indicators as well. eg, since I'm scalping lets say we have a clear break out from resistance 1, I will buy and my target is resistance 2 take profit.
Pretty solid, tried and tested method! I guess that's what separates your 80% win rate from others who use same style but a larger losing percentage. some people cant pick good levels

Maybe your secret sauce is how you pick your levels...I'm sure you have other tools to determine how and if to enter a trade...

what are the other indicators and rules you have to enter
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  • #1,174,187
  • Jul 1, 2020 12:59pm Jul 1, 2020 12:59pm
I suspect 1.12 75 was it.....Short SL=1.12 81
  • #1,174,188
  • Jul 1, 2020 1:15pm Jul 1, 2020 1:15pm
Quoting mistaouting
{quote} Pretty solid, tried and tested method! I guess that's what separates your 80% win rate from others who use same style but a larger losing percentage. some people cant pick good levels Maybe your secret sauce is how you pick your levels...I'm sure you have other tools to determine how and if to enter a trade... what are the other indicators and rules you have to enter
This one is a little bit difficult
I'm enjoying the wins because I was once terrified by loses
  • #1,174,189
  • Jul 1, 2020 1:23pm Jul 1, 2020 1:23pm
Quoting mistaouting
{quote} I wouldn't argue that point! Is it a fundamental or technical reason? Any reason why or levels?
simple:because mostly retails think will re bounce down from .260 strong resist.
  • #1,174,190
  • Jul 1, 2020 1:27pm Jul 1, 2020 1:27pm
Quoting pridolfx
{quote} simple:because mostly retails think will re bounce down from .260 strong resist.
Nice...

You must have read my mind...because I was/am expecting some sort of move down....but do really like the idea of it going up after!
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  • #1,174,191
  • Edited 2:01pm Jul 1, 2020 1:38pm | Edited 2:01pm
Here You guys have another fragment. Another simple idea. Works great and it's simple.

Hope everyone understand.

Enjoy. Also added picture where I explain the purple trendline. Forget about that tbh. xD

It does work on small TF and even weekly TF.

Added last trade. As said, minimal DD NOT possible.

SF
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  • #1,174,192
  • Jul 1, 2020 1:58pm Jul 1, 2020 1:58pm
Quoting mistaouting
{quote} Nice... You must have read my mind...because I was/am expecting some sort of move down....but do really like the idea of it going up after!
be patient.
  • #1,174,193
  • Jul 1, 2020 2:11pm Jul 1, 2020 2:11pm
Quoting pridolfx
{quote} be patient.
I will. lol
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  • #1,174,194
  • Jul 1, 2020 2:53pm Jul 1, 2020 2:53pm
4HR crossed macd 0 level.

Will be taking long trades on 30M TF.
You can lead a horse to water, but you can't make it drink
  • #1,174,195
  • Jul 1, 2020 3:12pm Jul 1, 2020 3:12pm
Quoting xkwisit2001
4HR crossed macd 0 level. Will be taking long trades on 30M TF.
What other signals do you use for long trades?
Do you specifically look for a Macd cross of the zero line
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  • #1,174,196
  • Edited 4:55pm Jul 1, 2020 4:34pm | Edited 4:55pm
Quoting Matts Micro
Sometimes I do still wonder how much money is actually in this market. Is it us trading the market or the market trading us. HH LL HH LL.... Supply + Demand I hear, but signature dishes keep getting served with a fly in the soup. I know all the old arguments but Imo it seems there are a few big strings being pulled atm.
This is a little support of what said on the quoted msg. I used to cry manipulation a lot when I was young to the industry but even now I believe I can still see it happening.

I know what time of day it is and volume is incredibly low at this time (and is only a 33T chart) but never-the-less this is a billion+ dollar pair with all of the US and Yen currency being accounted for. How does this sort of activity appear? This is happening under cover of normal trading activity with those sorta strange moves. It appears to be a single directional / volume trading.

Just raises my eyebrows is all.

Edit: Just for point of reference- about 6 hours of data is displayed on this chart.
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As the lights go by so too do the shadows move
  • #1,174,197
  • Jul 1, 2020 5:38pm Jul 1, 2020 5:38pm
Quoting Matts Micro
{quote} This is a little support of what said on the quoted msg. I used to cry manipulation a lot when I was young to the industry but even now I believe I can still see it happening. I know what time of day it is and volume is incredibly low at this time (and is only a 33T chart) but never-the-less this is a billion+ dollar pair with all of the US and Yen currency being accounted for. How does this sort of activity appear? This is happening under cover of normal trading activity with those sorta strange moves. It appears to be a single directional...
could be algorithmic? Any significant news oct 2017...don’t see the date.

thats 33 tics per candle?

Doesn't seem much strange to me, and that happened within a 1h
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  • #1,174,198
  • Jul 1, 2020 6:09pm Jul 1, 2020 6:09pm
Quoting mistaouting
{quote} What other signals do you use for long trades? Do you specifically look for a Macd cross of the zero line
I was taught an amazing strategy that I will use forever.

Basically, when 4HR is above 0 on MACD you look for buy entries on 30M below 0 on MACD.

When 4HR is below 0 on MACD you look for sell entries on 30M below 0 on MACD.

Thats it & it works perfectly, I'm just a sucker for trying to laser my entry but entry doesnt matter as long as your risk good.

Entry is the least important thing to worry about because if you gain 150 pips does the entry matter? lol... you can enter anywhere and still profit.
You can lead a horse to water, but you can't make it drink
  • #1,174,199
  • Jul 1, 2020 6:14pm Jul 1, 2020 6:14pm
Ripe and ready. Bought at 1252. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,174,200
  • Jul 1, 2020 6:24pm Jul 1, 2020 6:24pm
More likely to go up a bit more before going down.

I like to compare the GBP/USD alongside with pivots to make my judgement.
Don't get FOMO. Trade safe yall
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