{quote} Hahaa, you're a good bloke OIY, and I reckon you were before also but that's none of my beeswax, I'm just knitting lol
Know what you trade
Is forex education misleading or everyone is stupid?
- #961
- Feb 8, 2022 4:16am Feb 8, 2022 4:16am
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
- #962
- Feb 8, 2022 4:20am Feb 8, 2022 4:20am
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #963
- Feb 8, 2022 4:30am Feb 8, 2022 4:30am
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
You do sound like a teacher. You said something and no one knows what to do with it. What is your confirmation for a trade?
HI Elm,
Mate here’s the rub.
If I say MY dynamic (ie NOT static) confirmations, where would that leave YOU next time a pending trade comes up.
You require your OWN confirmations. You can find them, I am sure, they are out there.
(And while I may sound like teacher I am NOT at all, sorry, I’m still learning. But I do put up charts as visuals.)
Apologies cT
- #965
- Feb 8, 2022 4:39am Feb 8, 2022 4:39am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} The Zilla I'm also running 1353, over 77,000 line of code for each EA, 28 pairs 28 charts, loads up every time. Doesn't help you but runs fine for me. Must be when editing the charts from notepad+, not something I do. M.
because from 1340 till 1353, saving a profile and loding it, back and forth few times, completely kicks out all the eas from the charts they are on. just the eas. the indis stay on the their charts.
for 6+ months or so, metaquotes DID NOTHING ABOUT THIS ISSUE!
the last good version was 1335...
Maadik Hugiis. IQ 69.
- #966
- Feb 8, 2022 4:42am Feb 8, 2022 4:42am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
{quote} HI Elm, Mate here’s the rub. If I say MY dynamic (ie NOT static) confirmations, where would that leave YOU next time a pending trade comes up. You require your OWN confirmations. You can find them, I am sure, they are out there. (And while I may sound like teacher I am NOT at all, sorry, I’m still learning. But I do put up charts as visuals.) Apologies cT
and would you mnd sharing those 'dynamic confirmations'? These could be breaking the high if not within the first 5 minutens of the hourly candle open or whatever.. which would make it a breakout scalp and we would understand the trade..
I hope you understand the usefulness of this information. Without it it's just another chart.. anything can happen. Only 'Time tells'
- #969
- Feb 8, 2022 5:17am Feb 8, 2022 5:17am
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
{quote} are you suggesting that at the time of a sudden terminal/os/server/network/whatever technical crash, FULLY restoring the profile from a back up, is basically impossible? because of the timestamp only? seriously? is that much of a bad piece of crap this mt4 really is?
- #970
- Feb 8, 2022 5:29am Feb 8, 2022 5:29am
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Hi Mate
Hahaa, yes Elm, time tells for all of us, everywhere, for sure.
Mate I have put myself in an awkward situation now, as this thread is by cT.
He is determining whether one of two things happens to facilitate that the majority of forex traders seem to end up losing.
One idea is that 'forex education is misleading' and in my own way I agree with cT's premise on that.
The other is that every (losing) trader is stupid, of which I do not agree. At all.
So it would be foolish for me to put myself (and yourself) in a situation where, what I write, could easily be construed as both 'education' and/or 'misleading'.
I leave out the potential 'stupidity' part as we are not stupid traders, but IMHO the market is so well orchestrated that it manages to have price make us look stupid.
This was all discussed, all the Pros & Cons, on another thread titled Real Or Algo and that might be one place to start contemplating WHY the market does seem to 'trick' traders. And just when they think they have things worked out. AND then look at the market from BOTH ideas, I mean Real And Algo, to get a fuller perspective. While to me all that doesn;t matter so much (any more), as I just trade it as I see it.
What can I say, as I had no intention to withold info, but I really do trade dynamically & visually. AFTER the market first moves.
How do I explain that, I can't.
What I can say, maybe, is IF price moves directionally 25-40 pips, then I would have been happy (if lucky) to snag a smaller 8-10 pips within that bigger move
(Trading doesn;t always work out, the market flips over on you regularly - for example look at the GJ mentioned - the market is now back at 156.160 after BOTH an up and down run. And unless a trader got in/out early then I see it as BOTH buyers & sellers are NOW caught in the current rotational ranging around that line. Though a 10 pip win OR loss would have seen any frustrated trader OUT of this current move already and just watching again).
Education CAN be misleading, and why I do NOT do it, is, what preparation then do you have in advance IF the trade does NOT go your (my) way.
Showing someone how to handle a winner is no great achievement. (It's a 50/50 proposition from the get go, ie price goes up OR down).
If anyone NEW really wants to learn trading then I would suggest putting 80% of their INITIAL time & energy into working out what they would DO, dynamically, should a trade go against you.
Too much of the rubbish education provided is showing you how to handle a glorious winner.
That is rarely a problem (other than getting angry at getting out 'too' early lol)
In light of what cT has postulated, and the devasting numbers of retail loser stats, each NEW trader imho would best serve themselves on working out exactly what to do when they have encountered themselves inside a LOSING trade (as the winning trades pretty much take care of themselves).
all the best Elm, you seem a genuine person looking for that something that you, and many of us, also don't quite have yet.
- #974
- Feb 8, 2022 7:42am Feb 8, 2022 7:42am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
{quote} Hahaa, yes Elm, time tells for all of us, everywhere, for sure. Mate I have put myself in an awkward situation now, as this thread is by cT. He is determining whether one of two things happens to facilitate that the majority of forex traders seem to end up losing. One idea is that 'forex education is misleading' and in my own way I agree with cT's premise on that. The other is that every (losing) trader is stupid, of which I do not agree. At all. So it would be foolish for me to put myself (and yourself) in a situation where, what I write,...
I've been in the market for years and I could spent hours talking and explaining what I see what is happening. The only consistent thing I've found this far is scalping. Taking a small piece at times when I have calculated that the market moves most. This doens't mean the market will go that way, it only means there is a good probability I will get a small piece of a liquidity grab or a small piece of a larger move. Managing the trade 'dynamically' probably. On each close of a candle deciding if I want to go ahead with the trade, take partials, or just close it (in profit or loss).
But as far as 'swing' trading goes, I can't find a decent edge.. yet. And yet again 'Time will tell'
- #976
- Feb 8, 2022 8:03am Feb 8, 2022 8:03am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
- #980
- Feb 8, 2022 8:16am Feb 8, 2022 8:16am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.