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  • #1,183,821
  • Sep 11, 2020 10:08pm Sep 11, 2020 10:08pm
Quoting MrBullBear
{quote} Most of what you said are related to risk reward reward. The only one that is not is, decision of, if going long or short. But if you base your decision with indicators, you know you're gonna be fucked up in the long run right? It's sometimes right, sometimes wrong. Anyways, i don't do R:R ratio, that is not what I like about the quote. I just like the way he mention all those indis and say none of them knows where the market is going.
You said it. Agree.
  • #1,183,822
  • Sep 11, 2020 10:21pm Sep 11, 2020 10:21pm
Quoting tradecode
{quote} probably the most basic and most important part of technical analysis is about deciding to go long or short or neutral. this is the sixty four million dollar question. this is the thing that baffles traders, not risk:reward.. risk and reward calculations are simple.
You traded for 17.5 years, I assume, your 64M question is the same amount of money that you've lost. Untill now, you make the decision of your trade base on indicators and use it as a signal?
Only an idiot knows with certainty to where the market is going.
  • #1,183,823
  • Sep 11, 2020 10:29pm Sep 11, 2020 10:29pm
Quoting MrBullBear
{quote} You traded for 17.5 years, I assume, your 64M question is the same amount of money that you've lost. Untill now, you make the decision of your trade base on indicators and use it as a signal?
t̶e̵c̵h̴n̷i̷c̸a̷l̸ ̶a̴n̷a̸l̶y̶s̵i̸s̸ ̶i̶s̸ ̴u̴s̶e̸d̶ ̸t̴o̸:̷
̷
̸*̶d̶e̴c̶i̶d̶e̶ ̸i̶f̶ ̸y̸o̵u̵ ̶w̷a̴n̴t̷ ̷t̵o̷ ̸g̸o̸ ̸l̴o̷n̴g̷ ̸o̷r̵ ̸s̸h̵o̶r̴t̷ ̴o̸r̴ ̶r̴e̴m̷a̵i̸n̴ ̵n̵e̸u̵t̴r̵a̷l̴.̷
̷
̶*̸d̷e̸t̸e̷r̵m̶i̵n̴e̷ ̶e̷n̸t̸r̴y̵ ̶a̵n̸d̶ ̶e̴x̶i̶t̵ ̵p̵r̶i̴c̶e̷s̸.̸
̶
̶*̸d̶e̸c̸i̵d̴e̵ ̶h̴o̶w̵ ̷m̶a̸n̷y̶ ̸l̴o̶t̸s̵ ̷t̵o̵ ̴b̸e̵t̵.̵
̷
̸t̷h̸i̷s̵ ̶i̶s̸ ̶w̵h̶a̴t̴ ̴t̴e̶c̷h̷n̴i̸c̵a̷l̴ ̴a̸n̸a̵l̵y̴s̸i̴s̵ ̶i̴s̶ ̸u̶s̶e̴d̶ ̷f̷o̶r̵.̷
  • #1,183,824
  • Sep 11, 2020 10:35pm Sep 11, 2020 10:35pm
Quoting tradecode
{quote} t̶e̵c̵h̴n̷i̷c̸a̷l̸ ̶a̴n̷a̸l̶y̶s̵i̸s̸ ̶i̶s̸ ̴u̴s̶e̸d̶ ̸t̴o̸:̷ ̷ ̸*̶d̶e̴c̶i̶d̶e̶ ̸i̶f̶ ̸y̸o̵u̵ ̶w̷a̴n̴t̷ ̷t̵o̷ ̸g̸o̸ ̸l̴o̷n̴g̷ ̸o̷r̵ ̸s̸h̵o̶r̴t̷ ̴o̸r̴ ̶r̴e̴m̷a̵i̸n̴...
Again, my question is, do you use those indicators as signal to base your decision to buy or to sell?
Only an idiot knows with certainty to where the market is going.
  • #1,183,825
  • Sep 11, 2020 10:37pm Sep 11, 2020 10:37pm
Quoting MrBullBear
{quote} With regards to the other trader you mentioned. You said it right, he acquired amazing skills. But your concern is, if what he is showing is demo. You know what, when I was following him, what I see is his skills, his great insights, his way of viewing the market. I don't even care if it's a demo or real, I don't care if he's using small or big lot size.. all I care is to learn. The problem with some of you, you only see the specks in the window, you missed the beauty of the view. A brotherly advice, if you really want to learn, focus on...
Thanks for your post. Please do not get offended. I clearly mentioned in my previous post that I was looking for certain specific things to learn and I did not find any learning as things I was looking for are not applicable to demo accounts.

Please understand that different traders are at a different level in their trading journey. It is not always necessary for a profitable full time trader to keep learning about how to read price charts. As far as reading the charts is concerned, there is certain realization acquired/reached about the price methods and the ways it moves, and its same rinse and repeat.

After that stage, it is more about other aspects of trading. The saying that successful trading (especially millionaire+ traders) is 20% methodological and 80% psychological is a true statement based on data. Hence in a case of a demo account, it kind of nullifies many aspects of that 80% part.

My recent stumbling blocks are psychological after reaching 6 figure $ profits in a year. I suspended trading in my main account due to that and trying to fix my issues. In fact, at the start of this month, moved from MT4 to ctrader platform to trade a shoestring account as I learnt that ctrader platform can help fix some issues with certain aspects of my trade management. I traded less than an hour per day (mainly, when US cash opens) during this month. It went like this so far...

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  • #1,183,826
  • Sep 11, 2020 10:39pm Sep 11, 2020 10:39pm
Quoting mistaouting
{quote} Yeah I find it odd that they said the person is good, really good apparently. But somehow seeing the demo changed that.... I would like to know who this person is, I would like to what I can learn. Demo or not.... If they are winning then I can apply that to my love account if it's obvious this person has a winning system
There are many multi millionaire demo traders, alas, if only demo trading can be replicated to real trading, trading world would overflow with millionaire traders! If you are thinking, what is the difference, please read my above post.
  • #1,183,827
  • Sep 11, 2020 10:42pm Sep 11, 2020 10:42pm
Quoting MrBullBear
{quote} Again, my question is, do you use those indicators as signal to base your decision to buy or to sell?
not "those" indicators, sir, i dont use "those" indicators.

"those" indicators are all based upon moving averages, and they simply do not work.

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  • #1,183,828
  • Sep 11, 2020 10:50pm Sep 11, 2020 10:50pm
Quoting srby
{quote} Thanks for your post. Please do not get offended. I clearly mentioned in my previous post that I was looking for certain specific things to learn and I did not find any learning as things I was looking for are not applicable to demo accounts. Please understand that different traders are at a different level in their trading journey. It is not always necessary for a profitable full time trader to keep learning about how to read price charts. As far as reading the charts is concerned, there is certain realization acquired/reached about the...
If that's the case then the solution is easy, look somewhere else that will fit with your perspective. There's a lot of traders out there, but don't make us do something that you want. You said you want to learn, then learn. But don't demand.
Only an idiot knows with certainty to where the market is going.
  • #1,183,829
  • Sep 11, 2020 11:08pm Sep 11, 2020 11:08pm
Quoting Techanalyst
{quote} There you go, you answered your question. You read a book, you paid and ordered a book, and read it. Here we share free information. We are taking couple of hours out a day, to share free information here. If lazy rookies do not like that, they need to get off their lazy behind and put the work into it. If not, they will never learn to trade. We are not obligated to do anything for struggling traders and rookie traders. IF they do not like it, they can ignore the useful information and move on. Those that want to learn, will pay attention...
Ha!, I answered my question??

My point being there was a free public blog on the internet by a retail trader showing his trade account size etc. and it helped and inspired many traders . Due to the success of that blog, main posts of that blog were published as a book after few years.

I hope you do understand that I am in no way asking for a trader to reveal his account size/ trade sizes, if he/she does not want to reveal it.

My humble opinion is just that, if a trader chooses to do it, then there is a possibility that it can help some other traders in psychological aspects of trading. Lets agree to disagree with our specific individual opinions and ground the topic.
  • #1,183,830
  • Sep 11, 2020 11:13pm Sep 11, 2020 11:13pm
Quoting MrBullBear
{quote} If that's the case then the solution is easy, look somewhere else that will fit with your perspective. There's a lot of traders out there, but don't make us do something that you want. You said you want to learn, then learn. But don't demand.
What did I demand? Please read properly and do not assume. I demanded nothing.

I merely expressed my opinion in a very respectful way to a question you posed. Since when did it become forbidden that some one can not express their opinion in a public forum?
  • #1,183,831
  • Sep 11, 2020 11:22pm Sep 11, 2020 11:22pm
Quoting srby
{quote} What did I demand? Please read properly and do not assume. I demanded nothing. I merely expressed my opinion in a very respectful way to a question you posed. Since when did it become forbidden that some one can not express their opinion in a public forum?
you didnt demand anything.
  • #1,183,832
  • Sep 11, 2020 11:39pm Sep 11, 2020 11:39pm
Quoting srby
{quote} What did I demand? Please read properly and do not assume. I demanded nothing. I merely expressed my opinion in a very respectful way to a question you posed. Since when did it become forbidden that some one can not express their opinion in a public forum?
I can only be responsible to what I say, not to what you understand. cheers!
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Only an idiot knows with certainty to where the market is going.
  • #1,183,833
  • Sep 11, 2020 11:46pm Sep 11, 2020 11:46pm
My take on EURUSD. Could be bullish.
It has broke below channel, but....it has no bearish follow-thru, and also bounced up off a possible rising line.

Last week sees GBPUSD falling like a rock with BREXIT worries.
But apparently these worries are contained just to GBP, while other Majors like EURUSD just stand aside to watch. No rushing to any safe haven currency.

The US Feds literally gave the greenlight to have a weak currency. I think so will Japan.
Does the market not worry that BREXIT will cause much shockwaves to the rest of the world?

Even Yen-pairs (exclude GBPJPY) looks poised to rally. USDJPY is converging, and if it decides to break upward with big force, the Yen-pairs will all rally to challenge their 2020 highs.

I had been shorting EURUSD, EURJPY, this week but did not see the down moves, hence decided to close for the weekend for safety, and reassess the possibilities.
(I avoided GBP, as I think I am not skillful enough to chase it down)

(Daily chart of EURUSD, Daily chart of USDJPY)
Attached Image
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Will see what next week brings.
  • #1,183,834
  • Sep 12, 2020 12:09am Sep 12, 2020 12:09am
Quoting Techanalyst
{quote} There you go, you answered your question. You read a book, you paid and ordered a book, and read it. Here we share free information. We are taking couple of hours out a day, to share free information here. If lazy rookies do not like that, they need to get off their lazy behind and put the work into it. If not, they will never learn to trade. We are not obligated to do anything for struggling traders and rookie traders. IF they do not like it, they can ignore the useful information and move on. Those that want to learn, will pay attention...
my english very ofen bad. but i am understand what they talk.. if i understand english i am very happy to share info and chat with you all
i hope one day i can write well with english to interact with good conversation sharing knowladge and enthusias.

keep share guy. l am really apreciated .
thank
  • #1,183,835
  • Sep 12, 2020 12:20am Sep 12, 2020 12:20am
Quoting meugampong
{quote} my english very ofen bad. but i am understand what they talk.. if i understand english i am very happy to share info and chat with you all i hope one day i can write well with english to interact with good conversation sharing knowladge and enthusias. keep share guy. l am really apreciated . thank
asalamualaikum, saya pernah tinggal di indonesia sebelumnya .. saya tinggal di bogor .. saya dulu senang pergi ke kebun raya ..
  • #1,183,836
  • Sep 12, 2020 12:39am Sep 12, 2020 12:39am
Quoting tradecode
{quote} asalamualaikum, saya pernah tinggal di indonesia sebelumnya .. saya tinggal di bogor .. saya dulu senang pergi ke kebun raya ..
u said assalamualaikum.... i said too waalaikum salam.. peace upon you and peace upon me..what a nice word huh

im from aceh province. i hope one day u will visit to aceh. much much beauty and origin place, virgin forrest warm weather beauty white beach and off course delicious culliner impressive taste..

https://www.google.com/travel/things...Fm%252F0n8z7dw

"salam kenal teman ku mastercode.. senang bisa berbicara bahasa indonesia disini.. walaupun hanya sepdikit kalimat. ini forum internasional.. semoga kamu dan linkungan sekitarmu dalam keadaan baik"
  • #1,183,837
  • Sep 12, 2020 12:49am Sep 12, 2020 12:49am
Inserted Video




Mark Douglas
Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
  • #1,183,838
  • Sep 12, 2020 1:17am Sep 12, 2020 1:17am
As I mentioned in the month of August that we could see upward movement in dollar in the month of September. That's exactly how it moved. Last week as well it moved higher after breaking a trend line and then created a bearish pattern. Now what?

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #1,183,839
  • Sep 12, 2020 2:21am Sep 12, 2020 2:21am
EURUSD has been moving down in September but last week, it ended on an indecision. In this multi timeframe top-down analysis we see what caused that and how can we build a trading plan around it for good opportunities.

Inserted Video
Technical Analyst & Trader @ Vikinsa
  • #1,183,840
  • Sep 12, 2020 3:55am Sep 12, 2020 3:55am
Quoting srby
{quote} Ha!, I answered my question?? My point being there was a free public blog on the internet by a retail trader showing his trade account size etc. and it helped and inspired many traders . Due to the success of that blog, main posts of that blog were published as a book after few years. I hope you do understand that I am in no way asking for a trader to reveal his account size/ trade sizes, if he/she does not want to reveal it. My humble opinion is just that, if a trader chooses to do it, then there is a possibility that it can help some other...
I disagree. You think that it inspired a lot of traders. Maybe it did to try to trade. Did they succeed by watching his live account sizes? Did they really make money by watching his account sizes? I don't think so. It could inspire someone or a lot of people to trade, but does it make it successful for other traders, especially new or struggling one's? No, it does not.
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