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Trading PlanetX & Oscillators

  • #61
  • Mar 18, 2022 8:24am Mar 18, 2022 8:24am
Quoting BestTraderEv
{quote} If you need to take so many positins in one direction, I would say that you don't really know what you are doing... From your charts, it looks like you are just shooting blindly in series. Oh, and by the way, I thought that spamming threads with non related topics is against the ethics of this forum? And, how is your trading related to the topic of this thread? (You are the OP, after all...)
@BestTraderEv -- I trade EAs with @bishopdotun. We trade 28 pairs and can have up to a couple hundred trades open at any one time. It's different than the way you trade. Focus on what he says in his post and ignore the background lines.

The focus of this thread is discretionary trading with PlanetX. A few of us are free to extend this in other directions and include other indicators.

FF has much to offer -- both in terms of trading and human psychology. This is the Internet. We are posting one and two sentence comments. The potential for misunderstandings is YUUUUGE!!! To survive and thrive here we have to learn (a) who are the good and bad guys, and (b) how to navigate potential misunderstandings and not let them derail us.

@BestTraderEv -- you have much to offer and we can learn from you. And the same is true for you -- there are others here who have much to offer and from whom you can also learn. So, kick back and let's enjoy the ride together. What do you say?

PS: And this comes from a fellow who knows. I hold the world's record for FF suspensions. I think I'm up to 10 now. I have this tendency to ruffle feathers...
  • #62
  • Mar 18, 2022 8:32am Mar 18, 2022 8:32am
Quoting BestTraderEv
{quote} I wrote quite a lot about this on the other PlanetX thread, which I had joined first. Do you two, you and @robots4me, expect me to repost those here?
Yes -- feel free to re-post here whatever you like. There was much to learn from your charts.
  • #63
  • Mar 18, 2022 8:33am Mar 18, 2022 8:33am
Quoting BestTraderEv
When I was opening this trade, I am sure the signals were about short. I didn't take a screen shot, unfortunatelly. What happened here? I trailed my Stop Loss, and it got taken out, even though the price had been damn close to Take Profit. Normally I would have closed the trade when I had 200 pips profit, especially that the price had already pulled back on one M15 candle, then came back down, and bounced, but I wanted to be patient and see what would happen. In my experience, this always happens, I always do better when I close manually. {image}...
Quoting BestTraderEv
I always do better when I close manually.
Here, too, as well...
  • #64
  • Mar 18, 2022 8:34am Mar 18, 2022 8:34am
Quoting robots4me
I hold the world's record for FF suspensions. I think I'm up to 10 now. I have this tendency to ruffle feathers...
Only 10???
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #65
  • Edited 8:56am Mar 18, 2022 8:44am | Edited 8:56am
Quoting BestTraderEv
{quote} Only 10???
And that's for just this alias alone...

As much as I like trading, I dislike sociopaths here even more. In real-life I'm a coward. The anonymity that FF affords allows me to occasionally sound-off how I really feel. And FF punishes me by sending me to time-out chair...
  • #66
  • Mar 18, 2022 8:47am Mar 18, 2022 8:47am
Quoting parisboy
{quote} Bishopdotun. Thank you for you likes. I do not want to hijack your thread with my pet subjects. I have mine. Tell me if you classify some Hurst tools as "additional edge" or not. Any way your EURAUD 1 Hour chart was a by the book example. Thank you
I just closed the last bunch of trades on EA and EN. My bias is still short hence I have started adding short trades again progressively.

EN before I closed the trades.
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EA after close
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EN after close
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  • #67
  • Mar 18, 2022 8:48am Mar 18, 2022 8:48am
Quoting parisboy
{quote} Robots4me it was 1 Hour charts , it is written on it also on the watermark
Right -- sorry. So, can you help me reproduce the markings on your GJ/H1 chart so I can see how they align with PlanetX and other indicators?
  • #68
  • Mar 18, 2022 8:57am Mar 18, 2022 8:57am
Here is another moment when the oscillator was right, though the chart patterns and trends could lead to a different conclusion. IOW, when faced with the here-and-now, I ask myself which direction is it more likely for the price to go? Since the dominating trend was bearish, I could easily decide to go short with my stop loss just at the high of the ledge. And get the stop loss.
Attached Image (click to enlarge)
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #69
  • Mar 18, 2022 9:01am Mar 18, 2022 9:01am
I'd put this way:
Even though the oscillator isn't always right, it is dangerous to trade against it.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #70
  • Mar 18, 2022 9:03am Mar 18, 2022 9:03am
Quoting BestTraderEv
Here is another moment when the oscillator was right, though the chart patterns and trends could lead to a different conclusion. IOW, when faced with the here-and-now, I ask myself which direction is it more likely for the price to go? Since the dominating trend was bearish, I could easily decide to go short with my stop loss just at the high of the ledge. And get the stop loss. {image}
The vertical yellow line is the bullish alert you're looking at, right? So, the trade would have entered at the Open of the next candle, right? So, you are currently a few Pips in the green, right? Am I reading your chart correctly? If so, how long will you hold the trade?
  • #71
  • Mar 18, 2022 9:06am Mar 18, 2022 9:06am
Quoting BestTraderEv
I'd put this way: Even though the oscillator isn't always right, it is dangerous to trade against it.
I'm also liking your "EARLY" alerts that come from the Awesome indicator. Speaking of EARLY alerts, that might be a good post from the original thread to repeat here.
  • #72
  • Mar 18, 2022 9:10am Mar 18, 2022 9:10am
Quoting BestTraderEv
I'd put this way: Even though the oscillator isn't always right, it is dangerous to trade against it.
Yeah -- it's accurate most of the time. What more can one ask or hope for?
  • #73
  • Mar 18, 2022 9:17am Mar 18, 2022 9:17am
Quoting robots4me
In real-life I'm a coward.
That is normal, and cowards are the ones who tend to survive and pass on their genes.
The daredevils and heroes tend to die early.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #74
  • Mar 18, 2022 9:19am Mar 18, 2022 9:19am
Quoting robots4me
{quote} The vertical yellow line is the bullish alert you're looking at, right? So, the trade would have entered at the Open of the next candle, right? So, you are currently a few Pips in the green, right? Am I reading your chart correctly? If so, how long will you hold the trade?
Normally, to somewhere under the cluster of grey lines.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #75
  • Mar 18, 2022 9:20am Mar 18, 2022 9:20am
Quoting BestTraderEv
{quote} That is normall, and cowards are the ones who tend to survive and pass on their genes. The daredevils and heroes tend to die early.
There is also the saying that "only the good die young". I'm fairly old -- so, that tellls you something...
  • #76
  • Mar 18, 2022 9:24am Mar 18, 2022 9:24am
You see, I do not care about the number of pips, or points, because I always risk <= 2%, so my trade volume gets adjusted to the Stop Loss distance.
Attached Image (click to enlarge)
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #77
  • Mar 18, 2022 9:26am Mar 18, 2022 9:26am
Quoting robots4me
{quote} There is also the saying that "only the good die young". I'm fairly old -- so, that tellls you something...
This is total BS!
How many things do we believe just because someone said something, without proper scientific data to support the claim?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #78
  • Mar 18, 2022 9:27am Mar 18, 2022 9:27am
Quoting robots4me
{quote} @BestTraderEv -- I trade EAs with @bishopdotun. We trade 28 pairs and can have up to a couple hundred trades open at any one time. It's different than the way you trade. Focus on what he says in his post and ignore the background lines. The focus of this thread is discretionary trading with PlanetX. A few of us are free to extend this in other directions and include other indicators. FF has much to offer -- both in terms of trading and human psychology. This is the Internet. We are posting one and two sentence comments. The potential for...
I have this tendency to ruffle feathers...

Why use such code for what REALLY occurs to you: "I breach Code of Conduct and receive consequences"?
To free Gazans of Hamas, use whatever it takes.
  • #79
  • Mar 18, 2022 9:30am Mar 18, 2022 9:30am
Quoting robots4me
{quote} Speaking of EARLY alerts, that might be a good post from the original thread to repeat here.
You have my permission to requote here my posts from the other thread as long as you specify that it is a requote from my post.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #80
  • Edited 10:09am Mar 18, 2022 9:35am | Edited 10:09am
Quoting DrDave
{quote} I have this tendency to ruffle feathers... Why use such code for what REALLY occurs to you: "I breach Code of Conduct and receive consequences"?
I'm just sayn' - it ain't always clear if one is actually breaching CoC...
On another forum, a Mod blocked me from posting and invited me to a Mod Chat.
I went over all the rules of that forum, and there were 5 rules.
In the end the Mod agreed that the only rule I had breached was rule #5 which stated, in short, that the Mod is always right, and if you don't like it, you can FO.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
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