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Lonely Up There

  • #41
  • Jun 16, 2021 6:10am Jun 16, 2021 6:10am
Quoting liveevil
{quote} how did you derive the fixed levels?
It's derived from my many years of trading experience.
  • #42
  • Jun 18, 2021 8:57pm Jun 18, 2021 8:57pm
I think periods where price seems to consolidate.
Quoting liveevil
{quote} how did you derive the fixed levels?
  • #43
  • Jun 19, 2021 6:44pm Jun 19, 2021 6:44pm
Mr Genghistar,
What are your thoughts on the best timing for an entry? Buy above MA with PA/Sell below MA with PA? Trade with Trend?
I find myself trying to pinpoint highs and lows too often. I need to add some filters to my trading to improve my consistancy.
Thank you and happy fathers day



Quoting genghistar
{quote} It's derived from my many years of trading experience.
  • #44
  • Jun 19, 2021 8:00pm Jun 19, 2021 8:00pm
Quoting forexdave1
Mr Genghistar, What are your thoughts on the best timing for an entry? Buy above MA with PA/Sell below MA with PA? Trade with Trend? I find myself trying to pinpoint highs and lows too often. I need to add some filters to my trading to improve my consistancy. Thank you and happy fathers day {quote}
Hi Forexdave
I personally struggle with timing myself same as with all. I only know where and at what price level to buy, sell, exit and stop. Eg in a bearish MC I will wait for failure of bull during pb or retracement to go higher then sell with resistant level as stoploss. Vice versa in a bull market.
I don't use ma for entry but for other uses.
My high and low is always based on the last low in bear market and last high in bull market. If there is no more new low or high which indicate market has turned.
Hope it answered yr query.

Cheers.
  • #45
  • Jun 23, 2021 10:37pm Jun 23, 2021 10:37pm
Just a repeated reminder to all traders is the most toxic or dangerous ^trader^ are those who try to teach even though they are a failing trader themselves.
They are much worse than scammer because scammer can only scam you once and you stop. These low IQ false guru teacher not only make you lose money but you will also continue to lose until all are gone.
My way of dealing with false guru is to make him make 5 live calls with a RRR of 2 minimum against entry SL.
If he is able just to make 3 out of 5 live calls with minimum RR then he has proven to be a credible trader.
Remember there are many bad characters in forex trading and one needs to be extra vigilant. So tread and trade diligently and you can be a successful trader if are super careful to use due diligence to filter the good from the bad.

Cheers all.
  • #46
  • Jun 24, 2021 9:55pm Jun 24, 2021 9:55pm
Quoting genghistar
{quote} Now that I have somehow managed to put up some charts, I wish to expand further on my experience on how I use those chart to craft my trading methology. You will noticed that I use both fixed price level/value and MA. 1. Price level/value is for me to follow the PA to the nearest pip to determine key price levels, topping/bottoming, pullback, retracement and most optimal entry and emergency stop. 2. MA is to help me determine depth, intraday trend change, profit range/exit, market conditions whether ranging or accelerating and also breakouts/...
After so many years, it's a first time you finally put up some charts successfully on your thread. Now I really have a clear picture of what you have talked about all over these year. The charts and your explanation of your unique trading methodology could have given good insight for some trader.

I wish you always in a good health. Thank you. Stay safe.
  • #47
  • Last Post: Jun 25, 2021 11:04pm Jun 25, 2021 11:04pm
Quoting Kanilaumo
{quote} After so many years, it's a first time you finally put up some charts successfully on your thread. Now I really have a clear picture of what you have talked about all over these year. The charts and your explanation of your unique trading methodology could have given good insight for some trader. I wish you always in a good health. Thank you. Stay safe.
Hi Kani,
I am glad you appreciate what i shared and it make it a more worthwhile for me.
Tq.

Cheers
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