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  • #1,178,701
  • Aug 13, 2020 4:19pm Aug 13, 2020 4:19pm
Quoting briancollins
{quote} That's where it's headed. M also waiting 4 that price
Trade now @BE +5.
Is past 10pm where I am.

Gudnyt 2 u all.
  • #1,178,702
  • Edited 4:32pm Aug 13, 2020 4:21pm | Edited 4:32pm
Quoting MrBullBear
{quote} Pardon my brutality. But ask yourself a question, is there any indicators out there that gives right signal accurately? All indis follows price right? And no one knows where the next tick will be. Not even any indicators. Indis are build base on market behavior, pass price action. Never ahead of the PA. It should be use only as a guide.... not as a signal. Don't fall victim of sometimes it is correct, sometimes it is wrong. (Show me the data?) Might as well toss a coin, chances are higher. Just sharing what I know... I could be wrong. But...

I dont use indicator to tell me what to buy or so on so forth. I use it to predict where the market moves And I enter the market from my prediction along with using other strategies such support/resistant etc. Is that the same???

I feel like a horrible trader now lol.
vast of my calls are from using BB mainly. .

so again, what do you really use to identify your signals?



my views on indicators are just the same as support zone/resistant/ PA/double top double bottom, bat chart, butterfly char/ etc. are all play by probability.
none of these will always hold bc if they do, it is only one way up... or one way down... it will eventually break.
Trade what you see, take what the market gives you.
  • #1,178,703
  • Aug 13, 2020 4:34pm Aug 13, 2020 4:34pm
I can't b d only one lukn @ dis Resistance @
1.1815
  • #1,178,704
  • Aug 13, 2020 4:47pm Aug 13, 2020 4:47pm
Quoting VuLe
{quote} I dont use indicator to tell me what to buy or so on so forth. I use it to predict where the market moves And I enter the market from my prediction along with using other strategies such support/resistant etc. Is that the same??? I feel like a horrible trader now lol. vast of my calls are from using BB mainly. . so again, what do you really use to identify your signals?
You are doing it right.

I have nothing against any indicators. It is useful in its own ways. It is a harmless tool. It is the wrong use of it that makes them harmful. (All indicator looks good when after the fact)

I use them for reference only, if I am checking the past price action or history of the market behavior.(looking left on the chart). But looking to the right or future, I use my overall analysis. That includes fundamentals, PA, sentiments and most of all, psychology. I hope it helps.
Only an idiot knows with certainty to where the market is going.
  • #1,178,705
  • Aug 13, 2020 4:54pm Aug 13, 2020 4:54pm
Quoting VuLe
{quote} I do intraday trades, I think about ohcomeon words when he say its best to trade less than to trade more and end up catching the wrong side. It is crazy how you can find these small areas for scalping. When it comes to dry hours and asian session. I usually just sit out. Every now and then I look to see if there are any setup for me to take trades.
That advice of ohcomeon is great. I am first to agree. But it doesn't mean I will follow. I am a trading addict! It doesn't apply to me. I trade full time and this is my passion. I don't mind trading whole day and night, I love it!!! Lol. It will be boring if I trade 1 or 2 in a day... what will I do better than trading? Haha..
Only an idiot knows with certainty to where the market is going.
  • #1,178,706
  • Edited 5:18pm Aug 13, 2020 5:06pm | Edited 5:18pm
Quoting MrBullBear
I now closed this. Was aiming for just 10 pips but I let it run. {image}i am now getting trying to spot some bull scalp for just a few pips maybe 10.
It might run off for you
Hope you don't get stopped out, I guess you locked in 10 but it may come back and go back up

EDIT: Im taking a small short
LOCK IN RE-ENTER
  • #1,178,707
  • Aug 13, 2020 5:19pm Aug 13, 2020 5:19pm
Quoting mistaouting
{quote} It might run off for you Hope you don't get stopped out, I guess you locked in 10 but it may come back and go back up
Yes it might. And when that happens, I am prepared to join the ride. (Scalpers mentality)
Let me share you a great story Digger1 shared to us. It's a story about the Rabbit smoking a pipe. He is being hunted by a black panther hiding, sitting and waiting getting ready to attack any time soon. Someone ask the Rabbit, why are you sitting there calmly smoking a pipe unafraid while panther may attack anytime soon. The rabbit replied, I am not afraid because I am smarter than the Panther.
Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,178,708
  • Aug 13, 2020 5:26pm Aug 13, 2020 5:26pm
Quoting MrBullBear
{quote} Yes it might. And when that happens, I am prepared to join the ride. (Scalpers mentality) Let me share you a great story Digger1 shared to us. It's a story about the Rabbit smoking a pipe. He is being hunted by a black panther hiding, sitting and waiting getting ready to attack any time soon. Someone ask the Rabbit, why are you sitting there calmly smoking a pipe unafraid while panther may attack anytime soon. The rabbit replied, I am not afraid because I am smarter than the Panther. Cheers!
Good one. Knowledge!
LOCK IN RE-ENTER
  • #1,178,709
  • Aug 13, 2020 5:30pm Aug 13, 2020 5:30pm
Quoting mistaouting
{quote} Good one. Knowledge!
By the way, I already flip. Joining you with your call. But again, It is just for a scalp.. maybe 5 or 10 pips then flip back to bull. PA will determine how long. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,178,710
  • Aug 13, 2020 5:32pm Aug 13, 2020 5:32pm
Quoting mistaouting
{quote} Good one. Knowledge!
Watch it... It is a movie. The Edge. Actor Anthony Hopkins.
Only an idiot knows with certainty to where the market is going.
  • #1,178,711
  • Aug 13, 2020 5:57pm Aug 13, 2020 5:57pm
Quoting MrBullBear
{quote} By the way, I already flip. Joining you with your call. But again, It is just for a scalp.. maybe 5 or 10 pips then flip back to bull. PA will determine how long. Cheers!
Just so you know, I Got out quick (-2pips) and switched back to long. I changed my mind. Just like what the market does.
Only an idiot knows with certainty to where the market is going.
  • #1,178,712
  • Aug 13, 2020 6:00pm Aug 13, 2020 6:00pm
Quoting MrBullBear
{quote} That advice of ohcomeon is great. I am first to agree. But it doesn't mean I will follow. I am a trading addict! It doesn't apply to me. I trade full time and this is my passion. I don't mind trading whole day and night, I love it!!! Lol. It will be boring if I trade 1 or 2 in a day... what will I do better than trading? Haha..
Hi Vule,
Beer has not kicked in yet so I am still allowed to use computer. My comment was meant more for newer traders, BullBear is not one of those, he has multiple Forex accounts for different trading strategies. Just wanted to clarify.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,178,713
  • Aug 13, 2020 6:02pm Aug 13, 2020 6:02pm
Quoting MrBullBear
{quote} Watch it... It is a movie. The Edge. Actor Anthony Hopkins.
Why is the rabbit unafraid? Love that movie.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,178,714
  • Aug 13, 2020 6:08pm Aug 13, 2020 6:08pm
Quoting MrBullBear
{quote} Just so you know, I Got out quick (-2pips) and switched back to long. I changed my mind. Just like what the market does.
Im still in short....SL 1826.

Ill have to check movie out, i like that actor
LOCK IN RE-ENTER
  • #1,178,715
  • Aug 13, 2020 6:10pm Aug 13, 2020 6:10pm
Quoting OhComeOn
{quote} Why is the rabbit unafraid? Love that movie.
Becouse he's an asshole who doesn't give a shit in anything or anyone... hahaha. It's a shame, i haven't watch that movie yet. I just know that particular story from Digger1 and saw the clips on youtube. Been waiting for Netflix to get that movie. Unavailable so far.
Only an idiot knows with certainty to where the market is going.
  • #1,178,716
  • Aug 13, 2020 6:30pm Aug 13, 2020 6:30pm
Short taken here 1.1817 10pip sl
looking for 1.1784 and buying around there as well. What do you guys think?

not using any indicator. Just an attempt to read.


edit* zzZzzz waited and waited for 1.1820 for so long and then went in at 1.1817... now Im staring at the chart like an idiot. Never seem to get a good read around Asian hours. It so slow and dry.
Trade what you see, take what the market gives you.
  • #1,178,717
  • Aug 13, 2020 6:39pm Aug 13, 2020 6:39pm
Wow I enjoy drinking beer, it allows my mind to work so much better. For example, has anybody taken time to mark the last hour of the Australian, Asian, & London markets? Then go and look at where the majority of the action was during those trading days over the last 2 weeks? The NY looks like turtle speed. Going to try and watch the End of Aus through London until 7am CST. Might need to catch a nap so I can pull this one off.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,178,718
  • Aug 13, 2020 6:40pm Aug 13, 2020 6:40pm
Quoting VuLe
Short taken here 1.1817 10pip sl looking for 1.1784 and buying around there as well. What do you guys think? not using any indicator. Just an attempt to read. edit* zzZzzz waited and waited for 1.1820 for so long and then went in at 1.1817... now Im staring at the chart like an idiot. Never seem to get a good read around Asian hours. It so slow and dry.
Im regretting mine and should have stayed out the way lol...like I wanted to do. But Im sticking to my SL which looks like it will get hit but I didn't risk much!
LOCK IN RE-ENTER
  • #1,178,719
  • Edited 7:01pm Aug 13, 2020 6:49pm | Edited 7:01pm
Quoting mistaouting
{quote} Im still in short....SL 1826. Ill have to check movie out, i like that actor
Be quick with your decision (only incase you are scalping). Look, i decided to TP and flip joining you riding the bear. We almost at the same level, but I got out quick and flip back to bull when It starts to continue to move up. Now I am in profit while you waiting if price will go back towards your direction or hit your SL. Incase it goes your direction, I will close mine with profit or BE and heads towards your direction. And if goes back, I will do the same over and over till the market get tired getting me off its tail. See, there's nothing they can do to make me lose. The most they can get off of me is 2-3pips or BE, but when they get tired and take off... I will be at their tail collecting all the pips they are running. All the pips that I wanted. That's the difference.

But if you are day trading and not scalping, disregard.

Think of the market as the Panther, and you as the Rabbit smoking the pipe. Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,178,720
  • Aug 13, 2020 6:57pm Aug 13, 2020 6:57pm
Quoting OhComeOn
Wow I enjoy drinking beer, it allows my mind to work so much better. For example, has anybody taken time to mark the last hour of the Australian, Asian, & London markets? Then go and look at where the majority of the action was during those trading days over the last 2 weeks? The NY looks like turtle speed. Going to try and watch the End of Aus through London until 7am CST. Might need to catch a nap so I can pull this one off.
It excites me when you are drunk. Words of wisdom always cimes out! Lol.
Let's have a topic and throw it here when drunk enough. For learners knowledge and noob traders to know.. I am reading this topic over amd over again. Here it is...

Is back testing a system, strategy, indicators a must do or useful in trading forex market?

Answer that when ready and drunk. Everyone can join. Let's exchange opinion.
Only an idiot knows with certainty to where the market is going.
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