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  • #21
  • May 5, 2021 3:31am May 5, 2021 3:31am
Quoting maverick2017
{quote} How can time be used as a factor to exit?
Exit at 9pm
Exit if position in profit for X minutes
Exit at the end of every hour

A lot of setups
Observer effect
  • #22
  • May 5, 2021 3:33am May 5, 2021 3:33am
Quoting ryuryu
{quote} Exit at 9pm Exit if position in profit for X minutes Exit at the end of every hour A lot of setups
Any particular reason?
I'm guessing these timings are derived from data.
A trade should be based on an assumption based on facts
  • #23
  • May 5, 2021 9:52am May 5, 2021 9:52am
Quoting mikforfac
Hi everyone, I知 at a stage where I am consistently profitable and would like to give back to this forum which has significantly helped me along my 6 year journey and excite the butterfly effect in your own journey. I promise I値l get back to everyone.
Whats your style of trading, first question?
Nothing to learn here
  • #24
  • May 5, 2021 9:57am May 5, 2021 9:57am
Quoting mikforfac
Hi everyone, I知 at a stage where I am consistently profitable and would like to give back to this forum which has significantly helped me along my 6 year journey and excite the butterfly effect in your own journey. I promise I値l get back to everyone.
Do you trade by an EA or does an EA support your trading?
  • #25
  • May 5, 2021 11:17am May 5, 2021 11:17am
Quoting maverick2017
{quote} Any particular reason? I'm guessing these timings are derived from data.
For example if I'm trading reverse candles I open the trades only between XX:50-XX:59 of every hour and close at XX:00 if in profit. Because from XX:01 it will be new candle forming.

Or close all at 23:00. For example you have the profit so why not close all? Or it will be swap, gap.
Observer effect
  • #26
  • May 5, 2021 11:24am May 5, 2021 11:24am
Quote
if I'm trading reverse candles I open the trades only between XX:50-XX:59 of every hour and close at XX:00 if in profit. Because from XX:01 it will be new candle forming

From what I've noticed in the chart I watch (1Min), most of the times price will move at the end of the min. or at the beginning. In between the market just sits and doesn't move much. Is trading in that 10sec window profitable because you cannot have some kind of probability that market has made a definitive move?

Where and how is your signal generated?
A trade should be based on an assumption based on facts
  • #27
  • May 5, 2021 12:36pm May 5, 2021 12:36pm
Quoting maverick2017
{quote} From what I've noticed in the chart I watch (1Min), most of the times price will move at the end of the min. or at the beginning. In between the market just sits and doesn't move much. Is trading in that 10sec window profitable because you cannot have some kind of probability that market has made a definitive move? Where and how is your signal generated?
Reverse candle is when red candle high is higher than previous green candle high. Or green candle low lower than previous red candle low. So how the signals generated? The answer is clear.

Now let's return to probability. What is probability? It is nothing. I don't know what will happen. I can't predict the fiture. So how can I say what move will be?

Stochastic is an oscillator. It has a range -100+100. And it can say is it oversold or overbought. But it will not work on trending market because it is oscillator. So I can't use it as entry. But why not use it as exit? Now imagine that both Reverse Candle and Stoch show the signal at the same time? What does that mean? That there will be _possible_ reverse soon. So why not to close the trade? Or why not to place stop or trailing stop in BE at that moment? May be it will not reverse (if trending).

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Example: stars are Reverse Candles. Dots are Stoch. As you see there were several Stoch and Reverse Candles. But at the most top it was both at the same time. So if it was long trades these 2 moments are good places to exit. Or, if you are trading shorts they are good entry places.

I'm sorry to occupy the good thread and I'm here not to teach how to trade. I'm not so good yet. But you were asking about how to exit the trade. Or you can use RR. For example 3:1 or 2:1 or whatever. But I don't know why market must move in your favour. It will not. Reverse candle is reverse candle. Oversold Stoch is oversold. It is 100%. But RR 3:1 is some kind of hope, magic, believe.
Observer effect
  • #28
  • May 5, 2021 12:52pm May 5, 2021 12:52pm
Quote
Reverse candle is when red candle high is higher than previous green candle high. Or green candle low lower than previous red candle low. So how the signals generated? The answer is clear
Ok. It is a classic candlestick pattern.

Quote
Stochastic is an oscillator. It has a range -100+100. And it can say is it oversold or overbought
I stay away from indicators.

I understood your point.
Do you have any idea about how a trend starts and ends.
A trade should be based on an assumption based on facts
  • #29
  • May 5, 2021 2:23pm May 5, 2021 2:23pm
Quoting maverick2017
{quote} Ok. It is a classic candlestick pattern. {quote} I stay away from indicators. I understood your point. Do you have any idea about how a trend starts and ends.
It is very complicated. I can determine (and anyone can) when the trend starts. But how long and how strong it will be - nope.
Observer effect
  • #30
  • May 5, 2021 2:25pm May 5, 2021 2:25pm
Quote
I can determine (and anyone can) when the trend starts

Explain.!
A trade should be based on an assumption based on facts
  • #31
  • May 5, 2021 5:10pm May 5, 2021 5:10pm
[quote = mikforfac؛ 13523196] {quote} من برای خروج از معامله از گروهی از سیگنال ها استفاده می کنم. در مورد شما گروهی از سیگنال های خوب را شناسایی کرده اید اما در اتصال نقاط با مشکل روبرو هستید ، استراتژی خود را مجدداً ساخته و با شروع یک مورد به شما کمک می کند. [/ quote]

.............

Hello, where can I get the right signal?
  • #32
  • May 6, 2021 7:17am May 6, 2021 7:17am
What causes gaps on open?

HELP PLEASE!!
A trade should be based on an assumption based on facts
  • #33
  • May 6, 2021 8:15am May 6, 2021 8:15am
It was answered somewhere just yesterday:
Quote
previous day's close != current day's open
is due to the massive spread widening on the 1st minute of the day
- which is taken as the D1 open
and because we view bid prices by default
  • #34
  • May 10, 2021 11:36am May 10, 2021 11:36am
Quoting mikforfac
Hi everyone, I知 at a stage where I am consistently profitable and would like to give back to this forum which has significantly helped me along my 6 year journey and excite the butterfly effect in your own journey. I promise I値l get back to everyone.
I still need help!
A trade should be based on an assumption based on facts
  • #35
  • May 10, 2021 1:01pm May 10, 2021 1:01pm
Hello maverick having those years of experience, I would like to know your opinion that is very valuable to me, this is the result of my real account with 1000$, that I started on April 21, 2021 until today (May 10, 2021). I would like you to tell me your opinions that you think are good or bad numbers.
I have the complete document if it is needed

And I have been immersed in the world of trading since I was 16 years old (I am 19 now) studying and with demo accounts
Attached Image (click to enlarge)
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Attached File(s)
File Type: xlsx ReportHistory-30452323.xlsx   29 KB | 246 downloads
  • #36
  • May 10, 2021 1:37pm May 10, 2021 1:37pm
Quoting Mauricio2020
Hello maverick having those years of experience, I would like to know your opinion that is very valuable to me, this is the result of my real account with 1000$, that I started on April 21, 2021 until today (May 10, 2021). I would like you to tell me your opinions that you think are good or bad numbers. I have the complete document if it is needed And I have been immersed in the world of trading since I was 16 years old (I am 19 now) studying and with demo accounts {file} {image}
Thanks for the post and good words you've used for me.
I can't understand the language used. I'm not the kind of trader who looks into stats but I'll have to start sometime. In the meantime you can ask for help from someone else who knows about these stats. But I think you have posted these stats on the correct thread.
And experience wise you are ahead of me.
A trade should be based on an assumption based on facts
  • #37
  • May 11, 2021 4:22am May 11, 2021 4:22am
This is kind of practical threads Thanks for created.
I have many question , recently i have a problem with how can i know the angle of the trend ? I used angle tool but it is not a perfect one ,if you change timeframe or zoom out &in the angle will change.
  • #38
  • May 11, 2021 6:16am May 11, 2021 6:16am
Quoting maverick2017
{quote} Can you (and other experienced/profitable members) give your feedback here on the trades I take?
feel free to post your analysis, this thread aims to help

Quoting maverick2017
What causes gaps on open? HELP PLEASE!!
I will take this question one step further as I can see you are very inquisitive!

Ask yourself, WHY do you want this answer, our job is to make money so ask yourself, how will this make me money once I get the answer, this is hard to master at first as when you start learning anything you don稚 know what you need to know but if you are mindful of the need to adopt such an attitude it will save you months/years in your journey; remember we make money by pressing buy/sell!
  • #39
  • May 11, 2021 6:19am May 11, 2021 6:19am
Quoting asset21
{quote} Hi there, I have a couple of questions. 1, I was trading smaller timeframes and averaging breakeven, but have now moved to H4 and 1hr, this is a trail and error approach to see if i could improve my risk to reward, can you advise on your approach to risk vs reward ? 2, did you average breakeven for a long time before you started to see returns? i feel like I am on the precipice but also I think i still might not be reading the market properly, 3, do you know if traders that profit consistently have a "unique system" that is kept closely...
Great set of questions

  1. Use MAE/MFE
  2. From experience I have seen two types of return distributions (low win rate, high (relative) returns OR high win rate, low (relative) returns) mine was the former I feel yours is the latter which is characteristic of BE! Keep going you are very very very close! My first suggestion will help a GREAT deal
  3. Every trader has a unique system, these are one of the many natural phenomena of trading, we could all trade the same strategy and produce different results
  4. STRENGTH = DIRECTION which can be determined by technicals (price action) or fundamentals (e.g. fed easing interest rate - short USD etc); compartmentalize each strategy/idea separately and when you become more advanced you値l be able to seamlessly flow between and combine different train thoughts in your strategy

  • #40
  • May 11, 2021 6:20am May 11, 2021 6:20am
Quoting NoobM
{quote} Whats your style of trading, first question?
I currently trade FX, I'm focused on maintaining a watertight system which I can apply leverage to
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