More simple is impossible | Page 515 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

More easy is impossible 17 replies

long-run profits impossible with short-term trading? 39 replies

Attachments: More simple is impossible
Exit Attachments

More simple is impossible

  • #10,281
  • Edited 3:59am Mar 21, 2022 12:40am | Edited 3:59am
Thank you Sojourn for your kind words, willingness to share and help! I appreciate it very much!
Almost always I use pending orders, only sometimes for a more tight SL I entry directly on 123.
Yes, greens are short therm S&R, blues are daily. The purples on the last charts are short therm, too. However, after a while they move around Renko a lot and are inaccurate.
You have nice trades, keep sharing.
Don't think!
  • #10,282
  • Mar 21, 2022 3:06pm Mar 21, 2022 3:06pm
Quoting LiboCop
Thank you Sojourn for your kind words, willingness to share and help! I appreciate it very much! Almost always I use pending orders, only sometimes for a more tight SL I entry directly on 123. Yes, greens are short therm S&R, blues are daily. The purples on the last charts are short therm, too. However, after a while they move around Renko a lot and are inaccurate. You have nice trades, keep sharing.
i see thanks for clarifying. I am dedicated to mastering this approach, i see the kinds of results that you and the other older members of this thread get like matmomo and its really incredible, life changing for sure, if i can help anyone along this journey like you guys have helped me i am glad to do it!
so when it comes to entries you dont really wait for confirmation then? you just wait for price to show rejection at an area of confluence and then set a pending order in that direction? if i had done that my first trade would have been profitable i think
  • #10,283
  • Mar 21, 2022 3:14pm Mar 21, 2022 3:14pm
Here are my trades from last night, 2 reduced losses -10 each.
the first trade i think was worth a shot, their was confluences at that level from my perspective but i was fighting the small upwards push.
the second trade also seemed to be worth a shot i think? im not quite sure what i did wrong with these other then that i was caught selling into that upwards momentum,
how do you guys know when to enter at just the right time? how could i have known in advance that these were lower probability trades?
price went up and then turned around, this happens to me quite often i am early for the move and get stopped out.
im am happy that i was able to reduce my risk one each trade though, that was good.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.20.22.png Size: 132 KB
  • #10,284
  • Mar 22, 2022 2:10am Mar 22, 2022 2:10am
Quoting Sojourn
Here are my trades from last night, 2 reduced losses -10 each. the first trade i think was worth a shot, their was confluences at that level from my perspective but i was fighting the small upwards push. the second trade also seemed to be worth a shot i think? im not quite sure what i did wrong with these other then that i was caught selling into that upwards momentum, how do you guys know when to enter at just the right time? how could i have known in advance that these were lower probability trades? price went up and then turned around, this happens...
Hi mate, thank you for sharing your chart.
First of all good for reducing the size of the losses. That is a great point.
Exits from the market are correct. Cut leaks.
As you rightly say, market entries are made against the trend.
Trades: Indications that we are in Uptrend: Lowers ( Higher lows ) + the price is above the Emas MACD + Stoch are over 50 level.
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 3 KB


After your entry (too close to the Emas) the price touches the Emas and continues the climb.
Remember that Fibo levels alone are not enough for us, we need at least a pattern or a particular level for confirmation.
Beware of Double Tops.
Attached Image (click to enlarge)
Click to Enlarge Name: b.png Size: 154 KB


Let me know if everything is clear.
Keep it up that you're on the right track.
Cheers
  • #10,285
  • Mar 22, 2022 12:33pm Mar 22, 2022 12:33pm
Hey Folks

Been reading through this almightly thread for a few weeks now. I like the concept and am currently fine tuning a system around this using some custom indicators i've coded in pine (tradingview) which has so far been profitable.

Well done to Jaquemate for his simplified observation of the market and willingness to share his insight through this thread.
  • #10,286
  • Mar 22, 2022 3:57pm Mar 22, 2022 3:57pm
Quoting matmomo
{quote} Hi mate, thank you for sharing your chart. First of all good for reducing the size of the losses. That is a great point. Exits from the market are correct. Cut leaks. As you rightly say, market entries are made against the trend. Trades: Indications that we are in Uptrend: Lowers ( Higher lows ) + the price is above the Emas MACD + Stoch are over 50 level. {image} After your entry (too close to the Emas) the price touches the Emas and continues the climb. Remember that Fibo levels alone are not enough for us, we need at least a pattern or...
I see what you are saying hear, i noticed that i was selling into the emas after the fact and i also noticed that the are you marked at the 78.6fib level was a far better setup as well, i feel i made the same error tonight as well, i guess the problem is i am not quite seeing things properly?
but looking at your other charts you have posted you normally only take reversal trades when price is sufficiently far away from the emas?
i struggle with 123 patterns a bit,they are still difficult for me to identify and act upon but i will backtest more.
thank you for the analysis matmomo i appreciate it
  • #10,287
  • Edited 5:01pm Mar 22, 2022 4:00pm | Edited 5:01pm
This was my 1 trade today came within 2 pips of my TP lol, so I just moved to BE on it because it was obvious to me that if price didn't go down from this level it would just continue up from that point.
i thought it was the right time to take a reversal trade but I was a bit early for such a trade, happens quite often, maybe i need to be more patient.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.21.22.png Size: 119 KB
  • #10,288
  • Edited 2:09am Mar 23, 2022 1:36am | Edited 2:09am
Yeah, you're right, the same, but don't worry, you'll fine-tune it. If I may recommend, remove the confusing automatic divergence and try to find yourself mostly trend inputs, draw the Div yourself and be with the market. It's not easy, but over time it is possible and will happen automatically. As matmomo has written, HH, LL, above Emas, DO, LO go UP. I marked the trend divergence in yellow. I also added anti-trend, but I recommend trying to skip them for now. I'm keeping my fingers crossed.

Edit: just for some example I've added my yesterday's trend "bounced" trades. I was in a little earlier than you, but for example I saved them yesterday



Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 222 KB
Click to Enlarge Name: screenshot.png Size: 154 KB
Don't think!
  • #10,289
  • Edited 1:54am Mar 23, 2022 1:39am | Edited 1:54am
Quoting Sojourn
{quote} I see what you are saying hear, i noticed that i was selling into the emas after the fact and i also noticed that the are you marked at the 78.6fib level was a far better setup as well, i feel i made the same error tonight as well, i guess the problem is i am not quite seeing things properly? but looking at your other charts you have posted you normally only take reversal trades when price is sufficiently far away from the emas? i struggle with 123 patterns a bit,they are still difficult for me to identify and act upon but i will backtest...
Hello Sojourn,
you said well to trade against trend you have to be quite far from the Emas.
Emas are very strong supports.
Against trend my TP is almost always the first ema you meet.
It takes time and a lot of patience to correctly visualize the patterns and operations that the market presents to us.
It is a problem that we have all faced.
Continue as you are doing and it will always be easier. Let me understand what difficulties you encounter with pattern 123.

Cheers
  • #10,290
  • Mar 23, 2022 1:54am Mar 23, 2022 1:54am
Quoting LiboCop
Yeah, you're right, the same, but don't worry, you'll fine-tune it. If I may recommend, remove the confusing automatic divergence and try to find yourself mostly trend inputs, draw the Div yourself and be with the market. It's not easy, but over time it is possible and will happen automatically. As matmomo has written, HH, LL, above Emas, DO, LO go UP. I marked the trend divergence in yellow. I also added anti-trend, but I recommend trying to skip them for now. I'm keeping my fingers crossed. {image}
Do you want to have a laugh?
I had written a post where I complimented with Sojourn for the divergences, but in reality it was the analysis of Libocop .

I approve of Libocop's words: remove automatic divergences and focus on manual divergences as indicated in the analysis.
Stay green.

Cheers
  • #10,291
  • Mar 23, 2022 1:55am Mar 23, 2022 1:55am
Don't think!
  • #10,292
  • Mar 23, 2022 2:38am Mar 23, 2022 2:38am
Quoting LiboCop
Yeah, you're right, the same, but don't worry, you'll fine-tune it. If I may recommend, remove the confusing automatic divergence and try to find yourself mostly trend inputs, draw the Div yourself and be with the market. It's not easy, but over time it is possible and will happen automatically. As matmomo has written, HH, LL, above Emas, DO, LO go UP. I marked the trend divergence in yellow. I also added anti-trend, but I recommend trying to skip them for now. I'm keeping my fingers crossed. Edit: just for some example I've added my yesterday's...
actually those aren't auto divergences, those are divergences i drew myself
but yeah i see what you are saying lol.
i see you entered buys where i was entering a sell, idk why i try to counter the market like that, i guess it is a bad impulse of mine, i will work on remedying that for sure, and try and trade mainly with the trend. thanks for your advice bro.
  • #10,293
  • Mar 23, 2022 2:42am Mar 23, 2022 2:42am
Quoting matmomo
{quote} Do you want to have a laugh? I had written a post where I complimented with Sojourn for the divergences, but in reality it was the analysis of Libocop . I approve of Libocop's words: remove automatic divergences and focus on manual divergences as indicated in the analysis. Stay green. Cheers
I drew those, does it look like some cheapo divergence indy drew it? lmao
I will work on it for sure
  • #10,294
  • Mar 23, 2022 2:50am Mar 23, 2022 2:50am
Quoting Sojourn
{quote} actually those aren't auto divergences, those are divergences i drew myself but yeah i see what you are saying lol. i see you entered buys where i was entering a sell, idk why i try to counter the market like that, i guess it is a bad impulse of mine, i will work on remedying that for sure, and try and trade mainly with the trend. thanks for your advice bro.
I'm sorry, it seemed pretty wild to me. So I'm glad you're understanding what I meant.
Don't think!
  • #10,295
  • Mar 23, 2022 2:55am Mar 23, 2022 2:55am
Quoting LiboCop
{quote} I'm sorry, it seemed pretty wild to me. So I'm glad you're understanding what I meant.
idk why i drew that long line, i was pretty exhausted last night smh, looking back on it that was pretty ridiculous. lmao.
  • #10,296
  • Mar 24, 2022 4:38pm Mar 24, 2022 4:38pm
Here is my trade from last night, i did not trade the other night i needed some sleep lol.
once again i only took 1 trade i managed to hold it for greater then just 1:1 and only exited when i saw good reason to do so, in this case the ema the pivot and the divergence.
i feel like holding trades for greater reward really is the key, 2:1 you only need 45%-50% accuracy to be profitable.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.23.22.png Size: 95 KB
  • #10,297
  • Mar 25, 2022 1:59am Mar 25, 2022 1:59am
Quoting Sojourn
Here is my trade from last night, i did not trade the other night i needed some sleep lol. once again i only took 1 trade i managed to hold it for greater then just 1:1 and only exited when i saw good reason to do so, in this case the ema the pivot and the divergence. i feel like holding trades for greater reward really is the key, 2:1 you only need 45%-50% accuracy to be profitable. {image}
Hi mate,
nice shot!
Perfect Entry and exit.
keep so!
Cheers
  • #10,298
  • Mar 25, 2022 2:55am Mar 25, 2022 2:55am
Quoting matmomo
{quote} Hi mate, nice shot! Perfect Entry and exit. keep so! Cheers
Thanks matmomo! that means a lot coming from you
  • #10,299
  • Mar 25, 2022 3:39pm Mar 25, 2022 3:39pm
again only 1 trade last night, i feel it was a good entry,but i cut my profits way too short, i just thought it was likely that price was going to reject off of the emas and round number and pivot so i closed the trade, still i am happy with it though +20
Attached Image (click to enlarge)
Click to Enlarge Name: 3.24.22.png Size: 127 KB
  • #10,300
  • Mar 28, 2022 3:36am Mar 28, 2022 3:36am
Quoting Sojourn
again only 1 trade last night, i feel it was a good entry,but i cut my profits way too short, i just thought it was likely that price was going to reject off of the emas and round number and pivot so i closed the trade, still i am happy with it though +20 {image}
Hi mate,
perfect so. Nice shot.
Keep on so, step by step. This is the way.
7 traders viewing now