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  • #1,197,721
  • Jul 21, 2021 2:05am Jul 21, 2021 2:05am
Quoting Rahmandorai
Sorry for irrelevant post but anyone trade ABCD harmonic can help please Which point is a C ? As i know ABCD pattern essentially compare the two impulse waves "steep and price" AB and CD so Is it right to select point number 1 as C ? or it should be the deepest point of AB ? {image}
Price should touch the 61,8 fibo retrace level to be an ABCD pattern.

How you have plotted the fibo extension is wise, but do a better research to Google about patterns and elliott waves.
Looking for profitable short term trades ...|
  • #1,197,722
  • Jul 21, 2021 2:49am Jul 21, 2021 2:49am
EUR/USD still dropping :-)
  • #1,197,723
  • Jul 21, 2021 3:25am Jul 21, 2021 3:25am
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JY 5' Long

  • #1,197,724
  • Jul 21, 2021 3:28am Jul 21, 2021 3:28am
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JY 4H ... My take is very bullish for $JY

  • #1,197,725
  • Jul 21, 2021 4:56am Jul 21, 2021 4:56am
I thought it will not go above the days high again today so I sold at 17774 (high is at 17827) this is 5.3 pips + spread. My target is at 1730. Lets see!
Looking for profitable short term trades ...|
  • #1,197,726
  • Jul 21, 2021 5:20am Jul 21, 2021 5:20am
I wonder how this is happening every time and the most of the small traders are in a losing trade.

I read somewhere in this forum that when a retail trader wants to buy, or sell then someone has to make the opposite order from him/her. So if, this isn't just a myth (that big money plays against you with more) and if, the retail trader don't "suck" in macro news and fundamentals then its just a coincidence and a pattern that happens in nature too.

I believe that all are doing together.

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https://fxssi.com
Looking for profitable short term trades ...|
  • #1,197,727
  • Jul 21, 2021 5:51am Jul 21, 2021 5:51am
Quoting tonyb123
{quote} So being thorough and not settling for mediocrity is psycho. Oh Ok.
again i'm talking about retail generally and your talking about yourself. 99% of retail is not working off templates and probably won't if they could, cause that would make trading boring.

anyway, let's move on.
In tea leaves we trust!
  • #1,197,728
  • Jul 21, 2021 6:22am Jul 21, 2021 6:22am
https://edition.cnn.com/2021/07/21/e...omy/index.html
  • #1,197,729
  • Jul 21, 2021 7:55am Jul 21, 2021 7:55am
I feel like we'll never see a breakout below the range.
  • #1,197,730
  • Edited 8:35am Jul 21, 2021 8:06am | Edited 8:35am
Quoting tonyb123
{quote} i would say more like MM and pro's leaverage the lack of emotional control of retail traders. they always say don't trade with your emotions but the fact is you can't. Yes, you can trade without emotion. Make your system (not strategy) as mechanical as possible. But 1st develop a complete system. IE: 1st entry, 2nd entry and 3rd entry, if the market moves beyond any of them. Or comes short of them. 1st take profit, 2nd take profit and 3rd take profit, if the market moves beyond any of them. Or comes short of them. 1st sl, 2nd sl, and 3rd...
you: i'm talking generally not specially about you. all well and good what you say but my point is the same. it a myth that one can trade without emotion.

you: no i think its still an emotional experience and pretending you do without emotion is false.

you: what happens in your system when it fails three or four times in a row? are you not emotional when you trade next?

Quoting tonyb123
{quote} Careful..., if you have not put into practice what I suggested then you are talking without experience. I gave you and everyone the nuts and bolts of my trading system. If the market does not do what I expect it to do, I have a contingency as I stated. You can look at the pictures I posted and you will see that I have my charts marked with those contingency levels pre plotted. Go have a look. I do not waste my time by biting my nails.

You: I'm talking generally not specially about you. all well and good what you say but my point is the same. it a myth that one can trade without emotion.

You could have moved on a while ago and conceded that trading with rules and a plan of action could lead to boring, emotionless trading. LIKE IT DOES.
But you had to 1st insinuate; I was lying, then it's a myth, I am pretending I do is false, and lastly psycho.

Don't try playing it off like you were not being specific about me. I have your posts right here. You were being specific in your accusations.

I was under the impression that traders were on the pursuit of finding a trading system that is profitable with the least amount of stress? Or emotionless?
And because you have not found it, that means it's impossible? And anyone who has is a liar, pretending, false, psycho?

Planning what you are going to do at any given point doesn't take emotions it takes action.

Market does A, I do B. Market does B I do C. Market exceeds my expectation I do xx. Market doesn't meet my D and crosses this point, I do xyz.
That is how I trade, that is how professionals trade and steal retail money.

You: 99% of retail is not working off templates and probably won't if they could, cause that would make trading boring.

Yeah, right. I choose the excitement of nail biting emotion filled trading because I am waiting on an indicator to give me a signal that I have no Idea where or when it will take place, over profitable emotionless trading. Please quit while your losing badly.
MY GRID. Markets are NOT random.
  • #1,197,731
  • Jul 21, 2021 8:28am Jul 21, 2021 8:28am
Quoting Js3mwtRc
I wonder how this is happening every time and the most of the small traders are in a losing trade. I read somewhere in this forum that when a retail trader wants to buy, or sell then someone has to make the opposite order from him/her. So if, this isn't just a myth (that big money plays against you with more) and if, the retail trader don't "suck" in macro news and fundamentals then its just a coincidence and a pattern that happens in nature too. I believe that all are doing together. {image} https://fxssi.com
In stocks, yes. Unless, you are a hedge fund naked shorting. In forex, No. There is no central exchange. But I believe that MM work together and have a shared orderbook.
MY GRID. Markets are NOT random.
  • #1,197,732
  • Jul 21, 2021 8:38am Jul 21, 2021 8:38am
Quoting Js3mwtRc
{quote} Price should touch the 61,8 fibo retrace level to be an ABCD pattern. How you have plotted the fibo extension is wise, but do a better research to Google about patterns and elliott waves.
Thanks
61 fib retrace is a preferable level for good performance of abcd pattern . but my doubts about C point . For reliable pattern we need two legs to be same as price as time ,right? from this point does it right to select the point 1 as c point
  • #1,197,733
  • Jul 21, 2021 9:26am Jul 21, 2021 9:26am
Quoting tonyb123
{quote} you: i'm talking generally not specially about you. all well and good what you say but my point is the same. it a myth that one can trade without emotion. you: no i think its still an emotional experience and pretending you do without emotion is false. you: what happens in your system when it fails three or four times in a row? are you not emotional when you trade next? Quoting tonyb123 {quote} Careful..., if you have not put into practice what I suggested then you...

wow tony you gots a lot to say. lol.

fact remains most are emotional and can't get over that. it part of being human. trading under losses unemotional is almost impossible for most.

as for this

"But you had to 1st insinuate; I was lying, then it's a myth, I am pretending I do is false, and lastly psycho."

its all about you tony, really is, keep on keeping on. pyscho was a joke. but i see your past that.
In tea leaves we trust!
  • #1,197,734
  • Jul 21, 2021 9:40am Jul 21, 2021 9:40am
Quoting Rahmandorai
{quote} Thanks 61 fib retrace is a preferable level for good performance of abcd pattern . but my doubts about C point . For reliable pattern we need two legs to be same as price as time ,right? from this point does it right to select the point 1 as c point
I haven't met it nowhere, best is to chose the higher high as a point (HH-HL-HH-HL...).
Looking for profitable short term trades ...|
  • #1,197,735
  • Jul 21, 2021 9:43am Jul 21, 2021 9:43am
Quoting Mcbeaners
{quote} wow tony you gots a lot to say. lol. fact remains most are emotional and can't get over that. it part of being human. trading under losses unemotional is almost impossible for most. as for this "But you had to 1st insinuate; I was lying, then it's a myth, I am pretending I do is false, and lastly psycho." its all about you tony, really is, keep on keeping on. pyscho was a joke. but i see your past that.
Fact remains, just cuz your lazy doesn't mean everyone is. Deflection is the tool of tools.
MY GRID. Markets are NOT random.
  • #1,197,736
  • Jul 21, 2021 9:46am Jul 21, 2021 9:46am
Quoting tonyb123
{quote} Fact remains, just cuz your lazy doesn't mean everyone is. Deflection is the tool of tools.
okidoki tony.
In tea leaves we trust!
  • #1,197,737
  • Edited 11:19am Jul 21, 2021 10:23am | Edited 11:19am
Quoting Js3mwtRc
I thought it will not go above the days high again today so I sold at 17774 (high is at 17827) this is 5.3 pips + spread. My target is at 1730. Lets see!
It keeps going for the high of the day after a new low is formed for third time!

My trade hit the stop at break even.

I will not sell again, maybe trade after ECB, looks like, the bulls are going to win, but there are lot of obstacles on the way and I don't touch that.
Looking for profitable short term trades ...|
  • #1,197,738
  • Edited 10:44am Jul 21, 2021 10:28am | Edited 10:44am
Quoting Mcbeaners
{quote} okidoki tony.
There are certain people not worth responding to when it comes to sharing opinions. And it might be best to ignore these people, because they usually add nothing of value to the conversation.
Learn from your mistakes and march on.
  • #1,197,739
  • Jul 21, 2021 10:45am Jul 21, 2021 10:45am
Quoting here2there
{quote} There are certain people not worth responding to when it comes to sharing opinions. And it might be best to ignore these people, because they usually add nothing of value to the conversation. They mostly spew out insults at you when you don't bow down to their ideas.
OH you again. I deal in facts not opinions so shove it.
MY GRID. Markets are NOT random.
  • #1,197,740
  • Jul 21, 2021 11:00am Jul 21, 2021 11:00am
Quoting tonyb123
{quote} you: i'm talking generally not specially about you. all well and good what you say but my point is the same. it a myth that one can trade without emotion. you: no i think its still an emotional experience and pretending you do without emotion is false. you: what happens in your system when it fails three or four times in a row? are you not emotional when you trade next? Quoting tonyb123 {quote} Careful..., if you have not put into practice what I suggested then you...

It is so simple if my system fail 4 times in a row i stop trading. i will just trade next month if my system again fail 4 times in a row i stop trading. i will go to a simulator retesting my system if my system isnt working anymore i will still in a simulator even i find any system working again.
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