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How Long Will Your $1 Million Last in Retirement?

  • #241
  • May 13, 2022 9:59am May 13, 2022 9:59am
Quoting Pat Chiko
{quote} USD CAD Adding more buy CAD {image}

USD CAD

P A T I E N C E


Attached Image (click to enlarge)
Click to Enlarge Name: ucad 018.jpg Size: 199 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #242
  • May 13, 2022 10:06am May 13, 2022 10:06am
Quoting Pat Chiko
{quote} USD CAD P A T I E N C E {image}
People don't plan to lose. They lose because they don't plan.
  • #243
  • May 13, 2022 10:28am May 13, 2022 10:28am
Monday might be too late to take a position on EURNZD

EURNZD LONG
SL 1.65294
TP 1.71193

522 PIPS

If you're scared to take the risk now, wait, by Monday I'll go to lower time frame to get a tighter stop loss of 30 - 40 pips..

The stop loss is large because, today is Friday, and by the end of the day, the market might come with a long range of spread to stop you out, especially if you have a cunny broker.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD.png Size: 22 KB
My telegram: https://t.me/avidforex
  • #244
  • May 13, 2022 10:36am May 13, 2022 10:36am
Quoting Pat Chiko
{quote} GBP USD Hodl One position in negative {image}
GBP USD

This pair is just like a grumpy old man.

Even tho, it has shown a reversal set up from yesterday, it came down and take more order before pushing it by taking out all the Stop Loss (Sell LimiT) from novice traders.

The "W' formation has become like VW Logo............

Currently, price will retest YH.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 040.jpg Size: 218 KB

Attached Image (click to enlarge)
Click to Enlarge Name: WV.jpg Size: 9 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #245
  • May 13, 2022 10:56am May 13, 2022 10:56am
Quoting BigNumbers
Monday might be too late to take a position on EURNZD EURNZD LONG SL 1.65294 TP 1.71193 522 PIPS If you're scared to take the risk now, wait, by Monday I'll go to lower time frame to get a tighter stop loss of 30 - 40 pips.. The stop loss is large because, today is Friday, and by the end of the day, the market might come with a long range of spread to stop you out, especially if you have a cunny broker. {image}
I donno why you want to go LONG .

You need to briefly mentioned your basis for going long.

All I can see is this guy is making a weekly QM zone and about to go lower.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #246
  • May 13, 2022 11:04am May 13, 2022 11:04am
Quoting Pat Chiko
{quote} I donno why you want to go LONG . You need to briefly mentioned your basis for going long. All I can see is this guy is making a weekly QM zone and about to go lower.
Attached Image (click to enlarge)
Click to Enlarge Name: en 001.jpg Size: 127 KB


Tell me something I dont know, Why you going LONG.

Convince me to believe your set up is correctly presented.

Trade what you see with the set up, not what you think it will happen.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #247
  • May 13, 2022 11:24am May 13, 2022 11:24am
Quoting Pat Chiko
{quote} {image} Tell me something I dont know, Why you going LONG. Convince me to believe your set up is correctly presented. Trade what you see with the set up, not what you think it will happen.
My view looks like that... maybe depends on strategy, possible long, let's see, but imho looks like in middle of the field, value area must be lower for long
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB
  • #248
  • May 13, 2022 11:36am May 13, 2022 11:36am
Quoting DmShka
{quote} My view looks like that... maybe depends on strategy, possible long, let's see, but imho looks like in middle of the field, value area must be lower for long {image}
OK Thanks
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #249
  • May 13, 2022 1:07pm May 13, 2022 1:07pm
A modest fixer upper in a non-war zone hood, teeth- i need full mouth reconstruction, a Tesla, student loans and a week in hawaii on the cheap. boom, a mil gone before lunch time!
Qqq Return Today: 0.7%
  • #250
  • May 13, 2022 3:58pm May 13, 2022 3:58pm
Quoting Pat Chiko
{quote} {image} Tell me something I dont know, Why you going LONG. Convince me to believe your set up is correctly presented. Trade what you see with the set up, not what you think it will happen.
I used Resistance Support flip to enter the trade... The resistance is broken and turned support.. It was a risky trade because the Stop loss was too large..
Well, Price might still reject and maintain the flipped resistance Support... Although the pair looks over bought but I have this believe it will keep going up because it is not showing good bearish signals on the daily time frame.
My telegram: https://t.me/avidforex
  • #251
  • May 13, 2022 8:45pm May 13, 2022 8:45pm
Quoting Pat Chiko
{quote} GBP USD This pair is just like a grumpy old man. Even tho, it has shown a reversal set up from yesterday, it came down and take more order before pushing it by taking out all the Stop Loss (Sell LimiT) from novice traders. The "W' formation has become like VW Logo............ Currently, price will retest YH. {image} {image}

CHOOSING TO EXIT (TP) THE TRADE.

Successful traders close out their trade and move onto the next one.

They don’t keep going over your old ones and saying “if only…” Except of course you’ll want to review your past trades to see what you can learn from them, if anything.


Some use the expected timeframe of the trade (related to profit target)

The type of trader you are will have a bearing on the time that your trades need to stay open to reach your profit target.
day trader or a scalper would hold a position for hours, minutes or even seconds.

At the other extreme, a carry trader holds positions for weeks, or months.
For the carry trader, capital gain on the trade is usually less important.
The goal is to hold the position open for as long as possible to accumulate interest.


Having decided on a timeframe and on the trending characteristics, we can now choose an appropriate profit target that will give our trade a high win probability.

Attached Image (click to enlarge)
Click to Enlarge Name: ucad 019.jpg Size: 187 KB


Conceptually you want to be IN a trade as long as the odds are good.
When you get into a trade, if it all goes well you should be aiming for 2:1 or 3:1 risk reward. (risk is the distance to your stop loss).

That doesn’t mean you will get that every time, just that in a perfect world you can make enough to cover the inevitable losing trades.
At some point the trade matures.
And the odds start changing.
When you approach 1:1 risk reward ratio, ie it could still keep going up, but just as equally not work out and reverse, you want to either tighten your stop drastically or exit.

Attached Image (click to enlarge)
Click to Enlarge Name: gu 041.jpg Size: 225 KB



Because we can trade only the right hand edge of the chart, and we don’t know the future, we should NOT attempt to guess where the move will stop.
In that way lies madness, and nobody can do it consistently.

Just build a set of rules for exiting based on logical properties of markets and follow them the same way every time.
Likely the results will be better than you trying to get every trade individually correct.

Some things you can use as targets.
measured moves
multiples of ATR from entry point
wait until the move makes more than 2x your initial risk and then tighten stop, using a chandelier stop, parabolic SAR, bollinger bandwidth turning down stop, etc.
old spike highs and spike lows

In the trade above I didn’t get a good exit. I ended up with 1.55R and the move is ongoing.

Nevertheless I don’t worry or think about that, it is impossible to get it right every time.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #252
  • May 14, 2022 12:15am May 14, 2022 12:15am
Hi pat pls be posting your trades before you take it so we too can be partaken from it till we become perfect like you thous we still learning this but it will be much you post it just after you take the trade, I don't see much of that i see of that i see most you r close trade,thanks
  • #253
  • May 14, 2022 2:16am May 14, 2022 2:16am
can my broker stop me from downloading an indicator to my chart? Im asking generally
  • #254
  • May 14, 2022 2:39am May 14, 2022 2:39am
Quoting Enagy
can my broker stop me from downloading an indicator to my chart? Im asking generally

ur broker cannot stop u from anything , u are free to do what u want on ur chart
MY OPINION NOT FINANCIAL ADVISE
  • #255
  • Edited 4:08am May 14, 2022 3:46am | Edited 4:08am
Quoting Enagy
Hi pat pls be posting your trades before you take it so we too can be partaken from it till we become perfect like you thous we still learning this but it will be much you post it just after you take the trade, I don't see much of that i see of that i see most you r close trade,thanks
OK.

How do you want it to be. ?

Sending it to your whatapps ? or Sending you message in FF ?

What is the timing of signal you want, Before Tokyo ?, Before London. ?. Regular or urgent delivery ?

How many pair do you want to trade with signal ?. Include index , Commodity or just Forex ?.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #256
  • May 14, 2022 5:00am May 14, 2022 5:00am
Quoting Enagy
Hi pat pls be posting your trades before you take it so we too can be partaken from it till we become perfect like you thous we still learning this but it will be much you post it just after you take the trade, I don't see much of that i see of that i see most you r close trade,thanks
Are you serious?
  • #257
  • May 14, 2022 6:05am May 14, 2022 6:05am
Thanks for not ignoring my message, I dont mean to upset you or any thing like that, I want you to know that I like your posts and im learning from it what I mean is that you can help more by posting when the trade has not ended that just all that I meant, like since today I have been studying the examples of PA trades you too on GU and UC yesterday, I just want to know more about PA and thats what you trade
  • #259
  • May 14, 2022 10:32pm May 14, 2022 10:32pm
Quoting Enagy
Thanks for not ignoring my message, I dont mean to upset you or any thing like that, I want you to know that I like your posts and im learning from it what I mean is that you can help more by posting when the trade has not ended that just all that I meant, like since today I have been studying the examples of PA trades you too on GU and UC yesterday, I just want to know more about PA and thats what you trade
Hi

First of all you're likely not reading all my posting. You only read the last post and made conclusion "I post only completed trades". That's in not the case.

All my posting are "linked" to the previous post which I discuss and outlined the trade set up.

One week before taking USD/CAD tades, I already oulined on how this pair form peak/cap and formation of whipsaw engulfing before taking the trades.

The "process" of identifying trades may takes few days or weeks to execute if with minimal drawdown.

Same as GBP/USD trades, read all the linked post, then you can understnad WHY trades taken on Friday, of which the analysis was done from Tues (10th May).

Taking those trades are subject to individual choice and limitation. What is your risk/reward appetite and bias of the pair on the particulr day with some high impact news does play its part.

Instead feeling insulted, you should consider to read all the post to understand the process.

Now you're playing victim, when I posted the signal service you want.

Don't insult me by giving instruction to post before trades taken, for which, I've posted detail discussion , very much earlier the process the set up and high probability trades .

That's why I don't attached my Trade Explorer, s many like you just want trade signal, instead of learning how to find trades.

Just like instead giving you fish, I teach you how to fish.

Trading is not for lazy, you must learn how to trade with high probability set up ( still I got losses from those set up)

You've been posting in many thread looking for trade signal hoping to make money from other people signal.
It's not the way to be successful and consistence in long term.

Find you edge and learn to find your own set up.

This is what I have learned about the world of investing over three decades.
I try each day to stand by my rules.

I fail miserably at times, for I break them often, and when I do I lose money and mental capital, until such time as I return to my rules and try my very best to hold strongly to them.

The losses incurred are the inevitable tithe I must make to the markets to atone for my trading sins.

I accept them, and I move on, but only after vowing that "I'll never do that again."
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #260
  • May 14, 2022 10:35pm May 14, 2022 10:35pm
Quoting Pat Chiko
{quote} Hi First of all you're likely not reading all my posting. You only read the last post and made conclusion "I post only completed trades". "I'll never do that again."


The greatest traders/investors we've had the honor to know over the years continue to employ the simplest trading schemes.

They draw simple trend lines, they see and act on simple technical signals, they react swiftly, and they attribute it to their knowledge gained over the years that complexity is the home of the young and untested.

Look at my anlysis.

The chart is naked

I only use

S&R. Structure, Oder Block, Supply Demand, Trendline.

Other than that is just noise.

Keep it simple.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
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