On Point | Page 94 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Point to Point a.k.a. Deterministic Trading with Orbit the Tool 102 replies

Dow futures point to more than a 1,000-point fall at the open 1 reply

Point and figure charts 7 replies

Pivot point reference point? 7 replies

Attachments: On Point
Exit Attachments

On Point

  • #1,861
  • Feb 1, 2021 1:42am Feb 1, 2021 1:42am
ej
after a trend day
volume is dead, one cannot act
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 72 KB
  • #1,862
  • Feb 1, 2021 1:43am Feb 1, 2021 1:43am
Hi,

Its this. It really needs to be clarified every time whether risk/reward, or reward/risk ratio is meant.

https://analyzingalpha.com/risk-reward-ratio-for-stocks

Regardless, aiming for 1:2 risk reward is good in theory but it does not matter until we factor in the win-loss ratio. Also, setting TP target should be dynamic and based on market conditions. You can start with the deal of 1:10 risk reward but if the TP is never hit, then it means nothing.

As a formula its either TP/SL target (reward/risk) or SL/TP (risk/reward).


Quoting kette
{quote} I'm serious would that be correct with rrr I've never dealt with it, I want to learn something {image} {image}
  • #1,863
  • Feb 1, 2021 1:44am Feb 1, 2021 1:44am
au

has more volume and movement
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 83 KB
  • #1,864
  • Feb 1, 2021 1:45am Feb 1, 2021 1:45am
Quoting kette
ej after a trend day volume is dead, one cannot act {image}
I acted and already profited on EJ. If your scalping you can act haha
  • #1,865
  • Feb 1, 2021 1:48am Feb 1, 2021 1:48am
Quoting sharingan9
{quote} Hope it starts coming down more for you. You got in pretty early on that turn tho tbf. Vertical line i think was your entry. Arrow was my entry but i closed that trade friday. {image} I am however still in EJ which I took around the same time as GJ but EJ took longer to turn so I held it over the weekend. It turned as soon as the market opened so now with profit locked same set up but both EJ and GJ are currently bouncing off of daily pivot so the uptrend may continue. do you not trade with SL? {image}

Hey There

I took this trade based on Daily TF last week as i was to busy to take small trades

I still think i am in the right spot and a big drop is coming based on my strategy

We will see, i only have it on a tiny account so not to bothered as will just top up and go back to 30m and H1 max
  • #1,866
  • Feb 1, 2021 1:49am Feb 1, 2021 1:49am
au

the correlation
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 101 KB
  • #1,867
  • Feb 1, 2021 1:50am Feb 1, 2021 1:50am
Quoting BWilliam
{quote} Hi Sharingan, long time. How's life ? I see you use 60m and 240m open line. EJ is like watching the paint dry doing nothing. For price to hit your tp, That 240m CCFp has to cross. If the 60m CCFp cross up, your sl is gone, aiming the dol now. It's either one bro.
Hey buddy. My tp was already reached when it hit the daily pivot. I just dragged my tp further so that price would not trigger it lol. trying to see if the trade can turn into a bigger swing but the daily pivot is holiding price and pushing it up as I said it might in my earlier post. And no i dont use open lines I use 60 min, 240 min and daily pivots but i have other templates that use higher pivots as well
  • #1,868
  • Edited 2:02am Feb 1, 2021 1:51am | Edited 2:02am
Quoting Wags
Hey There I took this trade based on Daily TF last week as i was to busy to take small trades I still think i am in the right spot and a big drop is coming based on my strategy We will see, i only have it on a tiny account so not to bothered as will just top up and go back to 30m and H1 max
Hi wags long time bro.

GJ still very bullish, maybe towards NY session it may drop. Depends what happen in this London session. Hard to close below 143. May not trade below dol.
Know what you trade
  • #1,869
  • Feb 1, 2021 1:54am Feb 1, 2021 1:54am
Quoting Wags
{quote} Hey There I took this trade based on Daily TF last week as i was to busy to take small trades I still think i am in the right spot and a big drop is coming based on my strategy We will see, i only have it on a tiny account so not to bothered as will just top up and go back to 30m and H1 max
Ah that makes sense. Good on you. im thinking it will drop soon as well. I think yen pairs will get stronger across the board. maybe
  • #1,870
  • Feb 1, 2021 2:02am Feb 1, 2021 2:02am
Quoting BWilliam
{quote} Hi wags long time bro. GJ still very bullish, maybe towards NY session it may drop. Depends what happen in this London session. Hard to close below 143.
Hey

Im very bullish about a bearish session

I think 142 will be harder tbh

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 64 KB
  • #1,871
  • Feb 1, 2021 2:03am Feb 1, 2021 2:03am
Quoting sharingan9
{quote} Ah that makes sense. Good on you. im thinking it will drop soon as well. I think yen pairs will get stronger across the board. maybe

Same here, Thats why i was going to leave it all week but i will get board though
  • #1,872
  • Feb 1, 2021 2:10am Feb 1, 2021 2:10am
Quoting Wags
Same here, Thats why i was going to leave it all week but i will get board though
Bro, tell you a secret. Sharingan has a special talent. He doesn't sleep.
Know what you trade
  • #1,873
  • Feb 1, 2021 2:11am Feb 1, 2021 2:11am
Quoting kette
for me the best indicator {image} {image} {image}
The ccfp is in this default set and with option "ShowOnlySymbolOnChart" is actually not much more than an MA cross on the two currencies in the pair (see picture 1). It says almost nothing about the actual strength of the currency. If one wants to capture the real strength of the respective currency, one would have to use the indicator as follows (see picture 2).
I do not mean to say that your application does not work. Apparently the opposite is the case ;-)

Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.png Size: 53 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Picture2.png Size: 53 KB
  • #1,874
  • Feb 1, 2021 2:14am Feb 1, 2021 2:14am
Quoting netsrac
The ccfp is in this default set and with option "ShowOnlySymbolOnChart" is actually not much more than an MA cross on the two currencies in the pair (see picture 1). It says almost nothing about the actual strength of the currency. If one wants to capture the real strength of the respective currency, one would have to use the indicator as follows (see picture 2). I do not mean to say that your application does not work. Apparently the opposite is the case ;-) {image}{image}
Someone who knows. That's why I wrote it's meaningful if there's a corresponding marker on the chart window. It's a very lag indicator because of the MA cross. The CCFp used on this thread is the difference CCFp(first pic) so it's sort of "worse" since it paints the gap.
Know what you trade
  • #1,875
  • Feb 1, 2021 2:15am Feb 1, 2021 2:15am
Quoting netsrac
{quote} The ccfp is in this default set and with option "ShowOnlySymbolOnChart" is actually not much more than an MA cross on the two currencies in the pair (see picture 1). It says almost nothing about the actual strength of the currency. If one wants to capture the real strength of the respective currency, one would have to use the indicator as follows (see picture 2). I do not mean to say that your application does not work. Apparently the opposite is the case ;-) {image}{image}

I do not know that
ccfp always in connection with mp
look at my purchases from where i come from
  • #1,876
  • Feb 1, 2021 2:16am Feb 1, 2021 2:16am
Quoting BWilliam
{quote} Bro, tell you a secret. Sharingan has a special talent. He doesn't sleep.
Haha. Maybe back in the day i didnt sleep but i get plenty of sleep now lol. Yeh i mainly scalp tho so even though many of the reversals i look for end up turning into big swings i only need a small turn in the market to make my money
  • #1,877
  • Feb 1, 2021 2:16am Feb 1, 2021 2:16am
Quoting BWilliam
{quote} Bro, tell you a secret. Sharingan has a special talent. He doesn't sleep.

Lol , nah hes got an identical twin
  • #1,878
  • Feb 1, 2021 2:19am Feb 1, 2021 2:19am
Quoting netsrac
{quote} The ccfp is in this default set and with option "ShowOnlySymbolOnChart" is actually not much more than an MA cross on the two currencies in the pair (see picture 1). It says almost nothing about the actual strength of the currency. If one wants to capture the real strength of the respective currency, one would have to use the indicator as follows (see picture 2). I do not mean to say that your application does not work. Apparently the opposite is the case ;-) {image}{image}

Huge differences in divergence though
  • #1,879
  • Feb 1, 2021 2:20am Feb 1, 2021 2:20am
Quoting BWilliam
{quote} Someone who knows. That's why I wrote it's meaningful if there's a corresponding marker on the chart window. It's a very lag indicator because of the MA cross. The CCFp used on this thread is the difference CCFp so it's sort of "worse" since it paints the gap.
However, it doesn't matter to @Kette because that's how it works for him. And that is what matters!
  • #1,880
  • Feb 1, 2021 2:21am Feb 1, 2021 2:21am
Quoting BWilliam
{quote} Someone who knows. That's why I wrote it's meaningful if there's a corresponding marker on the chart window. It's a very lag indicator because of the MA cross. The CCFp used on this thread is the difference CCFp so it's sort of "worse" since it paints the gap.

you can write what you want, what is bad or not, everyone is free what he deals with
3 traders viewing now