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What I learned after losing $300,000 trading forex

  • #501
  • Aug 10, 2020 11:25am Aug 10, 2020 11:25am
Quoting FxStevie
Anyone knows how to use these percentage ranges on tradingview?

I have a custom script for trading view email if you would like it.
  • #502
  • Aug 10, 2020 11:29am Aug 10, 2020 11:29am
Yes please my email is [email protected]

Thanks alot, awesome thread!
  • #503
  • Aug 10, 2020 12:08pm Aug 10, 2020 12:08pm
EU was perfect today. It had everything I look for to trade. All at the times I'm not yet available. I may have to change this since the potential is real. I'm assessing my dopamine level at the moment, must be aware of that greed trigger. Adjusting my schedule would take some effort.
big money makes big moves and then hides during small money chasing.
  • #504
  • Aug 10, 2020 1:00pm Aug 10, 2020 1:00pm
Quoting DrDave
{quote} The name of one tool is "calculator". Multiply the open price by 1.0025, 1.0050, 1.0075, etc.
Thanks DrDave.... for putting it so simple.
I had asked a couple of times, how it is calculated.. may be I didn't get a response, because the question was so dumb. Infact, I was thinking it had something to do with previous days range or ADR etc.
  • #505
  • Aug 10, 2020 1:39pm Aug 10, 2020 1:39pm
Quoting FxStevie
Anyone knows how to use these percentage ranges on tradingview?
Sure. Use them exactly the same way that you would use them on MT4, Mt5, NinjaTrader, or any other charting application. You can even just make plots by hand, no charting app needed.
To free Gazans of Hamas, use whatever it takes.
  • #506
  • Aug 10, 2020 1:42pm Aug 10, 2020 1:42pm
Quoting vinforex7
{quote} Thanks DrDave.... for putting it so simple. I had asked a couple of times, how it is calculated.. may be I didn't get a response, because the question was so dumb. Infact, I was thinking it had something to do with previous days range or ADR etc.
ALL of the information has been presented in the thread for what the various numbers represent and how to calculate them, although not necessarily via a simple formula for anyone to just copy.

I suspect that English is not your mother tongue, so probably your reading comprehension is challenged.
To free Gazans of Hamas, use whatever it takes.
  • #507
  • Aug 10, 2020 1:44pm Aug 10, 2020 1:44pm
Quoting corrman
EU was perfect today. It had everything I look for to trade. All at the times I'm not yet available. I may have to change this since the potential is real. I'm assessing my dopamine level at the moment, must be aware of that greed trigger. Adjusting my schedule would take some effort.
If you see that typically the trades you would take will go at least 20 pips in your favor, then just set a TP of 10 pips, close that chart, and move on. Greed trigger eliminated.
To free Gazans of Hamas, use whatever it takes.
  • #508
  • Aug 10, 2020 1:49pm Aug 10, 2020 1:49pm
Yea I was asking the same question couple of times I was like to know which indi is mesuring automatic on traidingview
  • #509
  • Aug 10, 2020 1:54pm Aug 10, 2020 1:54pm
Quoting CeeSo
{quote} Thank you but I am not trying to teach you to trade LOL I am simply sharing some mathematical FACTS about the market and some physiological FACTS ourselves so that you can use the FACTS anyway you like.
hi CeeSo:

thank you for taking time out for posting such a valuable thread.

re-read your posts to digest And relate to them. Was curious as to how should I personally get the stats Such as yours posted with frequency distribution of any pair or instrument? Maybe exporting D1 charts HLOC data to excel and apply stat tools?

what would you suggest?

thx
leacher
Time & Price Forecast - Jenkins
  • #510
  • Aug 10, 2020 2:46pm Aug 10, 2020 2:46pm
Quoting Leacher
{quote} hi CeeSo: thank you for taking time out for posting such a valuable thread. re-read your posts to digest And relate to them. Was curious as to how should I personally get the stats Such as yours posted with frequency distribution of any pair or instrument? Maybe exporting D1 charts HLOC data to excel and apply stat tools? what would you suggest? thx leacher
From the many questions that have arisen about calculating the various numbers, plotting things, etc, perhaps it would be worthwhile for you to open a thread about how to perform the calculations and plots rather than discussing those mechanics in this one.
To free Gazans of Hamas, use whatever it takes.
  • #511
  • Aug 10, 2020 2:53pm Aug 10, 2020 2:53pm
Quoting driven18
{image} {quote} Dopamine control - 1. Put on a Trade 2. Go to BE 3. Cold beer 4. Few puffs of Indica hybrid 5. Narcos on Netflix. {image}
Perfect! Love this strategy
I have a problem with babysitting my trades.
  • #512
  • Aug 10, 2020 3:23pm Aug 10, 2020 3:23pm
Quoting Emro
{quote} Is this the percentage of profitable traders per hour or per day or per week or per month or per year? If it's an hour then it may be true.
This is a report from https://www.financemagnates.com/intelligence/ but I don't have anymore information.
  • #513
  • Aug 10, 2020 5:47pm Aug 10, 2020 5:47pm
Quoting DrDave
{quote} If you see that typically the trades you would take will go at least 20 pips in your favor, then just set a TP of 10 pips, close that chart, and move on. Greed trigger eliminated.
I could try that, but I would be too worried about risk while I was gone so I would have to trade the minimum. That could still be ok if it works well, then I might be able to increase size, which is btw, the only way to try anything different or new anyway. I should probably start looking for my setups more often.
big money makes big moves and then hides during small money chasing.
  • #514
  • Aug 10, 2020 5:48pm Aug 10, 2020 5:48pm
Quoting CeeSo
This is my first forum post but I am not a newbie. Cee
Many Thanks CeeSo, a very honest and straight up post, full of trading wisdom , you have learned well.
Old Dog Kiwi
  • #515
  • Aug 10, 2020 6:46pm Aug 10, 2020 6:46pm
Quoting aquavox
{quote} Many Thanks CeeSo, a very honest and straight up post, full of trading wisdom , you have learned well.
Has he shown any prove of such wisdom? lol !!
When you see it, BET big.
  • #516
  • Aug 10, 2020 11:42pm Aug 10, 2020 11:42pm
Quoting FibFork
{quote} As Requested by hgbcreator a beter and more stable version , added the previousday's Hi and Lo {file}
hi mate
indi not show daily time frame ?
cheers
  • #517
  • Aug 10, 2020 11:59pm Aug 10, 2020 11:59pm
Quoting corrman
{quote} I could try that, but I would be too worried about risk while I was gone so I would have to trade the minimum. That could still be ok if it works well, then I might be able to increase size, which is btw, the only way to try anything different or new anyway. I should probably start looking for my setups more often.
If you would be too worried about risk, then you are putting more money at risk than you are willing to lose. So you need to adjust your total amount at risk to a smaller value.

If that results in no realistic SL, then you are not ready for trading.
To free Gazans of Hamas, use whatever it takes.
  • #518
  • Aug 11, 2020 12:10am Aug 11, 2020 12:10am
Quoting Rennaissance
{quote} Has he shown any prove of such wisdom? lol !!
oh yeah... please wait Mr. Rennaissance. He has printed out his bank statements, card statements and even property documents for you to verify. Coz... unless you verify all his assets, he is not allowed to trade and make money.

Please talk sense... and stick to the topic and knowledge.
  • #519
  • Aug 11, 2020 12:14am Aug 11, 2020 12:14am
Quoting DrDave
{quote} ALL of the information has been presented in the thread for what the various numbers represent and how to calculate them, although not necessarily via a simple formula for anyone to just copy. I suspect that English is not your mother tongue, so probably your reading comprehension is challenged.
English is not my mother tongue... but that's ok, Im good at it.
But maths is the culprit... it's really... really... tough for me. Maths!!! And the issue was, even though I asked... nobody bothered to clarify, how it is calculated. You explained it very clearly. That's the difference.
Thank you
  • #520
  • Aug 11, 2020 12:25am Aug 11, 2020 12:25am
Quoting vinforex7
{quote} oh yeah... please wait Mr. Rennaissance. He has printed out his bank statements, card statements and even property documents for you to verify. Coz... unless you verify all his assets, he is not allowed to trade and make money. Please talk sense... and stick to the topic and knowledge.
It will have been good if you attached to your message a link. I don't know about you, but I m tired of empty talks.
When you see it, BET big.
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