Disliked{quote} All good, no probs. I saw that you were getting some stick which I disagreed with. Your charts were spot on.Ignored
1
Is forex education misleading or everyone is stupid?
- #442
- Edited 2:55am Jan 25, 2022 2:26am | Edited 2:55am
Next OB is a high prob one. However, prices are still going up, no reason to consider a reversal so far.
[Edit #1]
There was here a pic with my short with the SL at breakeven. The lot size was visible by mistake and I do not like sharing my lot sizes. It was 0.98 lots anyways.
Should I take partials or not?
[Edit #3]
Should I reenter or not?
[edit #4]
Is this a breakout or a fake-out?
[Edit #1]
There was here a pic with my short with the SL at breakeven. The lot size was visible by mistake and I do not like sharing my lot sizes. It was 0.98 lots anyways.
Should I take partials or not?
[Edit #3]
Should I reenter or not?
[edit #4]
Is this a breakout or a fake-out?
- #443
- Edited 3:32am Jan 25, 2022 2:29am | Edited 3:32am
EURGBP seems really bearish too.
[edit #1]
The fact is if one is able to make a profit from this or not.
[edit #2]
[edit #3]
[edit #4]
Lines are good. They live in flatland.
[Edit #5]
Being there at the right time is important. Lines are just drawings. 
[edit #1]
[edit #2]
[edit #3]
[edit #4]
Lines are good. They live in flatland.
[Edit #5]
Being there at the right time is important. Lines are just drawings.
- #446
- Edited 4:02am Jan 25, 2022 3:15am | Edited 4:02am
Do you think this m5 bullish ob will hold under the line?
I do not know to be honest.
Decision making: Buy or wait. Or maybe sell.
Should I take partials or not?
Should I move my SL to BE or lower or higher or just leave it as it was at the beginning? 
Here comes the sun (maybe)
I do not know to be honest.
Decision making: Buy or wait. Or maybe sell.
Should I take partials or not?
Should I move my SL to BE or lower or higher or just leave it as it was at the beginning?
Here comes the sun (maybe)
- #447
- Jan 25, 2022 3:41am Jan 25, 2022 3:41am
- Joined May 2010 | Status: Straight line Fest | 3,195 Posts
- #451
- Edited Jan 26, 2022 4:51am Jan 25, 2022 6:47am | Edited Jan 26, 2022 4:51am
Imbalance ahead, the odds are these.
Remember, price does not move on a straight line.
Each timeframe offers a different perspective. None is wrong nor right. You will never be right when choosing your timeframe.
Reality vs prediction.
Remember, price does not move on a straight line.
Each timeframe offers a different perspective. None is wrong nor right. You will never be right when choosing your timeframe.
Reality vs prediction.
What if... I have a dream (not a crystal ball). {image}
If so, just post stats of how accurate you've been for the last 90 days. Easily post a link to your monitoring account would have saved you a lot of screenshoting and uploading photos.
Helps to keep this thread about discussions. We don't want to turn it to a journal now or even worse... A trading strategy thread, argh!
Work smart not hard
Stop with the chart posting
I'm not going to try and argue with believers anymore.
You just can't win!!!!
If you argue with what I'm saying about the Forex market, and If you say your levels or whatever you use to BE PROFITABLE works. Just post a link to your 90 days worth of data. That's all and you win!!!
Stop posting your 'strategies' here please or long beliefs about the market, try to stick to facts I beg
You just can't win!!!!
If you argue with what I'm saying about the Forex market, and If you say your levels or whatever you use to BE PROFITABLE works. Just post a link to your 90 days worth of data. That's all and you win!!!
Stop posting your 'strategies' here please or long beliefs about the market, try to stick to facts I beg
- #457
- Jan 25, 2022 9:00am Jan 25, 2022 9:00am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
I do believe the market being chaotic means the footprint can be traced and traded with statistical edge.
I just think the knowledge is so valuable no one would teach it in detail. However the truth is when generalizing the detail strategy to something comfortable to be shared, the content becomes so generic, therefore seemingly the "education" is misleading to be trivial and easy, but not really wrong or lie. (I do not rule out possibility of presence of scammers, theirs are all lies)
Dunno if you have learnt any specialty skills. But say driving, a new learner may find driving coaches BS with rigid and unrealistic instructions ("look at rear mirror twice, direction light, speed up and cut line"). Eventually you find a comfortable way to do it in your opinion, and may find the instructor was actually telling all truth. my 2 cents.
Since beginning of 2021
I just think the knowledge is so valuable no one would teach it in detail. However the truth is when generalizing the detail strategy to something comfortable to be shared, the content becomes so generic, therefore seemingly the "education" is misleading to be trivial and easy, but not really wrong or lie. (I do not rule out possibility of presence of scammers, theirs are all lies)
Dunno if you have learnt any specialty skills. But say driving, a new learner may find driving coaches BS with rigid and unrealistic instructions ("look at rear mirror twice, direction light, speed up and cut line"). Eventually you find a comfortable way to do it in your opinion, and may find the instructor was actually telling all truth. my 2 cents.
Since beginning of 2021
I do believe the market being chaotic means the footprint can be traced and traded with statistical edge. I just think the knowledge is so valuable no one would teach it in detail. However the truth is when generalizing the detail strategy to something comfortable to be shared, the content becomes so generic, therefore seemingly the "education" is misleading to be trivial and easy, but not really wrong or lie. (I do not rule out possibility of presence of scammers, theirs are all lies) Dunno if you have learnt any specialty skills. But say driving,...
Wait your average loss is bigger than your average win
Show me the equity Vs balance
- #459
- Jan 25, 2022 9:17am Jan 25, 2022 9:17am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} This screenshot says 85% win rate!!!! Wait your average loss is bigger than your average win
- #460
- Jan 25, 2022 9:38am Jan 25, 2022 9:38am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} This screenshot says 85% win rate!!!! Wait your average loss is bigger than your average win
Been recording my entries and mapped out potentials of the trades, i.e. projecting R:R ratio and find out if the trade would have won/lost. Limitation being only set-and-forget SLTP is modelled (I don't believe hindsight adjust of SL)
The inverse correlation of average R:R and win rate is pretty solid.
Now add in trade management that will set exits (either TP/SL) at BE+ (e.g. 1 pip). That trade would be a "win" defined by myfxbook, but profit is minimal. Result is the actual rate vs RR curve is shifted left.
Just statistics is my favorite approach to trading as a number game
*In this graph, 100% means all of the profitable trades.
