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Real Trading

  • #6,061
  • Dec 22, 2021 8:32am Dec 22, 2021 8:32am
Quoting MohSETH
{quote} How do You draw this lines? It is FIBO?
Use the rectangle tool in MT4. On 5M chart attach the rectangle to either an established top or bottom. The size of the rectangle on 5M is 288 candles (24 hrs) wide and 90 pip high (90 is the average GU ADR these days). Set up the fibo tool to divide any move into 8 (eight!!!) equal parts as per the chart. Now attach the fibo tool to the rectangle, so that the move is divided into 8 equal parts. This is your price division. Now use the cycle lines tool in MT4 and divide the rectangle into 8 equal parts (288:8 = 36 candles on M5). This is your time division and the square 24 hrs cycle price and time divided into 8 equal parts. Draw the diagonal lines, they are the equilibrium lines, where price and time are squared and in balance. Any move above / below these equilibrium lines represents imbalance between the price and time. The chances that the market moves in the direction of the imbalance are quite high. More or less this is it. Pretty simple. Thank me later… Best of luck and many green pips!
Did you place your stop loss order? Why not?!? Story of my life...
  • #6,062
  • Dec 22, 2021 8:36am Dec 22, 2021 8:36am
Quoting donfriday
{quote} TWEE?
yes
  • #6,063
  • Edited 8:59am Dec 22, 2021 8:45am | Edited 8:59am
Quoting Pat Chiko
{quote} GOLD FOMO Limit Order. Typical example of FOMO. Drawdown 20,8 pips {image}

GOLD


Market Order ( New add)............. Limit Order (Sell Limit).............FOMO Entry,.....like

The Good....................................The Bad........................and The Ugly............


Three trades in Three different situation.
Don't try it at home unless you want to blow your account.
Attached Image (click to enlarge)
Click to Enlarge Name: gold 020.jpg Size: 146 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,064
  • Dec 22, 2021 8:49am Dec 22, 2021 8:49am
Quoting Steamroller
{quote} This is something I'm going to try and work on in the New Year. FOMO can lead to large drawdowns.

FOMO is only good in Forward Testing.
No back testing is possible ,as candle formation would show you something in hindsight.

Don't try it on Live account. Try it on Demo first

Good luck.

On large drawdown is subjective, depending on your account size.

Anything below 8% drawdown is acceptable for me.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,065
  • Dec 22, 2021 8:51am Dec 22, 2021 8:51am
Quoting genadi
{quote} looks like FOMO is hurting pros from time to time

Nahhh.

FOMO never hurt the acount as long your MM is in good hand.

It's only temporary drawdown, before it resume to trader favour
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,066
  • Dec 22, 2021 8:52am Dec 22, 2021 8:52am
Quoting Pat Chiko
{quote} GOLD FOMO.......Limit Order......... New add. Three trades in Three different situation. Don't try it at home unless you want to blow your account. {image}
What is your target for these trades PAT
  • #6,067
  • Dec 22, 2021 8:53am Dec 22, 2021 8:53am
WHY do I like to take FOMO trade.

Will write about this later.

Lets finish this GOLD deal first and make some money.

P/S Remind me again later on this FOMO.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,068
  • Dec 22, 2021 8:57am Dec 22, 2021 8:57am
Quoting AlfieSolomon
{quote} What is your target for these trades PAT

GOLD

If got luck final target before NY close.

Anyway, take some out along the way to buy your self a good coffee.


Attached Image (click to enlarge)
Click to Enlarge Name: gold 021.jpg Size: 162 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,069
  • Dec 22, 2021 9:02am Dec 22, 2021 9:02am
gold long
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-12-22.png Size: 10 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,070
  • Dec 22, 2021 9:03am Dec 22, 2021 9:03am
Quoting AlfieSolomon
{quote} What is your target for these trades PAT

BTW,

If any changes in price movement, I may closed the trade at anytime.

Now price if holding at H1 SRF area.

Not breaking this will let price to go back up.
Watch your trade.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #6,071
  • Dec 22, 2021 9:03am Dec 22, 2021 9:03am
Quoting Pat Chiko
{quote} GOLD If got luck final target before NY close. Anyway, take some out along the way to buy your self a good coffee. {image}
Why would your SL be bang on a Supply and Demand Zone?

(seen someone do that here in a EURUSD trade yesterday....his SL right where my entry was.....mind you, he got filled and hit his target, and I narrowly missed getting filled).
  • #6,072
  • Dec 22, 2021 9:20am Dec 22, 2021 9:20am
GU
All longs closed. Now expecting a sell setup, placed a limit order with a small SL at 1.3344. In case the price does not touch 1.3344, I’ve got another sell order at 1.3312 expecting GU to drop lower. In theory, if the price stays below the blue trendline, we could expect the bearish move to continue. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 sell setup.png Size: 78 KB
Did you place your stop loss order? Why not?!? Story of my life...
  • #6,073
  • Dec 22, 2021 9:30am Dec 22, 2021 9:30am
Quoting Pat Chiko
{quote} BTW, If any changes in price movement, I may closed the trade at anytime. Now price if holding at H1 SRF area. Not breaking this will let price to go back up. Watch your trade.
you are still long GU?
Insane in the Brain..
  • #6,074
  • Dec 22, 2021 9:35am Dec 22, 2021 9:35am
Quoting Pat Chiko
{quote} I Don't know What do you think ?
I am still waiting to reach the goal of 1783 and 1776, so I take a TB position in the resistance, for example, I have a TB position in 1794, 1799 and 1803.
  • #6,075
  • Dec 22, 2021 9:41am Dec 22, 2021 9:41am
Quoting Inthebox
gn short {image}
gn result
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-12-22.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,076
  • Dec 22, 2021 9:54am Dec 22, 2021 9:54am
I am expecting a new price of 1.34 maybe tomorrow and maybe a rejection from there to 1.3250
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2021-12-20 10-59-59-889.jpg Size: 166 KB
MY OPINION NOT FINANCIAL ADVISE
  • #6,077
  • Dec 22, 2021 9:59am Dec 22, 2021 9:59am
GU
Sold at 1.3344.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 sell 13344.png Size: 72 KB
Did you place your stop loss order? Why not?!? Story of my life...
  • #6,078
  • Dec 22, 2021 10:12am Dec 22, 2021 10:12am
Quoting Inthebox
gold long {image}
gold result
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-12-22.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6,079
  • Dec 22, 2021 10:20am Dec 22, 2021 10:20am
I dont think something can stop this GU run
Attached Image (click to enlarge)
Click to Enlarge Name: 234A433B-FF91-471E-BA32-1384F1DFEA9F.png Size: 531 KB
  • #6,080
  • Dec 22, 2021 10:25am Dec 22, 2021 10:25am
Quoting Pat Chiko
{quote} BTW, If any changes in price movement, I may closed the trade at anytime. Now price if holding at H1 SRF area. Not breaking this will let price to go back up. Watch your trade.

GOLD


All position stopped out

Re-entry at resistance level.

Attached Image (click to enlarge)
Click to Enlarge Name: gold 023.jpg Size: 131 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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