Going for it | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

buy when starts going up, sell when starts going down 5 replies

Going Platform independent! Going pyhon! 29 replies

euro going up??? 9 replies

Going long term (6 weeks abouts), Short on AUD/USD 1 reply

Where's the dollar going? 3 replies

Attachments: Going for it
Exit Attachments

Going for it

  • #141
  • Jul 15, 2022 8:21am Jul 15, 2022 8:21am
Quoting yaed
General TP/SL targets Trying to ascertain a GENERAL take profit or stop loss is like asking: When im on the train, how long before i get off? Well if you dont know where you are trying to go with the train, how could anyone answer that question? What im trying to say is that TP/SL depends on what move you are trying to ride. What train you are trying to catch and where are you trying to go with it. And as far as i can see, you need to close some positions at a loss LESS THEN THE LOSS HAS BEEN BEFORE. Because a move might go against you, and then...
12 years ago the intraday average move was something like 200.
Which means, 12 years ago the TP/SL situation was rather different, at least as far as E/U goes.
Now its roughly 100, so the TP/SL needs to be adjusted accordingly.
My signature is: "Classified".
  • #142
  • Jul 16, 2022 10:41pm Jul 16, 2022 10:41pm
Quoting yaed
The problem with day targets like: "I need +2% every day" is that if you are up +1% then you sort of think you "have" to get some more. And then that passion, strive to get that 1% will cloud my judgement of whats really going on. I mean that in practice its hard to tell the difference between what we want and what we perceive. It was around 2015 that i started to understand that it was really MY OWN CHARACTER i needed to work on, and not so much the technical aspects of trading. Like PERSERVERANCE, TEMPERANCE, FAITH, STEADFASTNESS, VISION and so...
Animals operate on instinct. Humans may have lost that natural instinct of flight or fight. Handheld devices have to the detriment of the holders of such devices?
  • #143
  • Edited 6:00am Jul 19, 2022 5:48am | Edited 6:00am
I met a beautiful, smart woman.
Or rather we have known each other for 10 years.
But she took the big step a few weeks ago.
So im at her place trading now.
Here are my trades as of today and 6 days back.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 38 KB

As you can see, 1 hour and a 20 something minutes are my longest running trade for these 6 days.
And thats the way id like to keep it.
If you are intersted you will find out which ones are wins and whiche ones are lossses.
If you dont have the interest for that, i think you should probably go do something else.
My signature is: "Classified".
  • #144
  • Edited 1:01pm Jul 20, 2022 3:50am | Edited 1:01pm
IM NOT AN INVESTOR
I listened to Larry Pesavento yesterday. And this nagging thought kept making itself known. I did not really know what it was, until today. In conjunction with this a classic sort of 3+ months investor commented on my kind of trading. This made me think about this. And what i learned is that im not an investor. I dont have an interest in having open positions from one day to another. And given that price patterns are sort of the same no matter the timeframe, i dont see why i should.

Most investors trade for years and years and after oh i dont know 10 years they can sort of look back at theyr trades and see how they did all in all. Thats not my thing. I want to and i need to be able to look back on EACH DAY instead of EACH YEAR and see sort of how i did.

I think that they way i trade is A LOT harder then investing, but the benefits are A LOT mor significant.
The most clear advantage can be understood mathematicaly: In x amount of trades, y will be succesful. But it will take x+y amount of time to be able to say anything. You see?
Also the part of skill training: In a shorter amount of time i will train myself to make good trades, rather then it taking 10 years or more.

I dont know if this makes it more clear or not.
Happy trading people!
My signature is: "Classified".
  • #145
  • Jul 20, 2022 7:19am Jul 20, 2022 7:19am
It's good go have these epiphanies in life and brutal as it may seem I find it is often the people you're around that can be toxic to your progress. You want people who can give you real talk when you need it but also help build you up.
  • #146
  • Jul 20, 2022 1:02pm Jul 20, 2022 1:02pm
Quoting Traveljunkie
It's good go have these epiphanies in life and brutal as it may seem I find it is often the people you're around that can be toxic to your progress. You want people who can give you real talk when you need it but also help build you up.
Well said. Agreed.
My signature is: "Classified".
  • #147
  • Jul 25, 2022 9:20am Jul 25, 2022 9:20am
Thanks for the loss
When i do well for like a week with profit at the end of every day is when i start to worry.
The reason is that im not sure how i will handle the coming losses.
Because losses there will be.
So the longer my winning streaks are, the more worried i get generally speaking.
And thats why im very thankfull for some moderate losses.
That tells me im on the right track.
It tells me i can handle a bit of loss and not loose my cool.
Of course mathematicaly, i would rather have just wins.
But i know from experience thats not good psychologicaly.

If i go back and look at my statement, i can see sometimes weeks, even MONTHS with no significant losses.
And then, in ONE DAY OR TWO i loose more then i gained that whole period.
That kind of thing have made me stop trading for months.
But its SLOWLY getting better.
I am SLOWLY with the practice of many long years mitigating this.
But i am far from done.
Probably i will never be, but i will continue to improve.
My signature is: "Classified".
  • #148
  • Jul 28, 2022 4:30am Jul 28, 2022 4:30am
The famous, extremely annoying toothbrush pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
My signature is: "Classified".
  • #149
  • Jul 28, 2022 4:37am Jul 28, 2022 4:37am
Martial arts - Trading
Martial arts is the most complete, most profound, and most challenging type of training. And because of that, its also the most rewarding.
Trading is the most difficult, most challenging, type of work with the greatest potential i have ever encountered. Much harder then aerospace dynamics, quantum mechanics and philosophy. And because of that its also the most rewarding type of work i have encountered.
My signature is: "Classified".
  • #150
  • Jul 28, 2022 2:29pm Jul 28, 2022 2:29pm
Forget about HH and LL
Never mind the higher highs and lower lows.
And also forget about the lower highs and higher lows.
My signature is: "Classified".
  • #151
  • Aug 16, 2022 8:15am Aug 16, 2022 8:15am
During my second vacation i had an epiphany during a party night when i sort of dozed off.
It was simple and effective: "Screw H1"
Meaning i should just stop looking at it.
Because thats what has got me intro trouble lately.
And by "lately" i mean the last 3-4 years or so.
So i commisioned an artwork from my friend i was with.
That is ment to remind me of just that epiphany.

In October i will trade a lot more.
So more trades coming up.
My signature is: "Classified".
  • #152
  • Aug 16, 2022 8:53am Aug 16, 2022 8:53am
If there is no end to war in Ukraine by year's end, Europe will enter a deep recession and take the rest of the world with it. The eurodollar will trade at levels not seen since 20+ years ago, <$0,90, even <$0.75.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #153
  • Aug 16, 2022 10:34am Aug 16, 2022 10:34am
Quoting The Fool
If there is no end to war in Ukraine by year's end, Europe will enter a deep recession and take the rest of the world with it. The eurodollar will trade at levels not seen since 20+ years ago, <$0,90, even <$0.75.
Very possible.
My signature is: "Classified".
  • #154
  • Aug 17, 2022 5:48am Aug 17, 2022 5:48am
The 80 million year recipe

No caffeine.
No nocotine.
No alcohol.
No other neuroactive substances.

No hanging out with dead beats, dickheads, godd-for-nothings, mediocre and bitter people.

Sleep 8+ hours.
Yoga, running, weights and martial arts every day.
Creative work like painting, music, woodworks every week.
Read and write philosphy, metaphysics, martial arts, geology and so forth.

Thats the recipe.
And i know it.
Not because other people told me so.
Not becuase i want it to be that way.
Not because it seems "cool".
But because i found it out through trial and error.
For ME thats the recipe.
I dont know for who else it might be the recipe.
For a lot of people i imagine.
But im not about to go tell them that.
I tried but they wont listen.
They have to find the recipe for themselves.
Even if its the same recipe for A LOT of people.
Even though they will argue its not for them.
And they are correct, its not for them YET.
Later it will be for them and they will have the proof.
But it might take 80 million years or so.

It took A LOT of effort to find this recipe and PROVE it.
I was in a lot of danger many, many times.
And i had to get into a lot of stupid situations och get out of them.
I had to witness blood, danger and death multiple times.
But also love, kindness and wisdom.
My signature is: "Classified".
  • #155
  • Edited 10:59am Aug 17, 2022 6:17am | Edited 10:59am
SUPER ADVANCED SYSTEM
This is my super advanced trading system.
Attached Image (click to enlarge)
Click to Enlarge Name: super advanced.jpg Size: 199 KB

All the gadgets, gimmicks, math and fireworks are in me.
They are my tools.
My knowledge, my wisdom, my foresight.

Im not doing it for me.
Im boring on my own.
Im not important.
Im doing it for us.
Im doing it for you.
Im doing it for the next 80 million years.
Im doing it for my son.
My friends.
Im doing it for the people, plants, metals, liquids and fire.
My signature is: "Classified".
  • #156
  • Aug 17, 2022 6:28am Aug 17, 2022 6:28am
The goal
My goal with all this, except what i already talked about, is the future.
To try to make sure at least there is one.
For some people.
I dont want to be the one to choose for who.
I guess the circumstances will dictate that.
And the people themselves.

Anybody interested in something like that are welcome to collaborate.
Step by step.
My signature is: "Classified".
  • #157
  • Aug 31, 2022 10:36am Aug 31, 2022 10:36am
Now that im somewhat detached from H1, it seems rather... unfamiliar.
I spent a lot of time in meditation preparing for it.

I was reminded of a big interpretation of buddhism.
To try to avoid suffering.
I dont like that.
I want to transform suffering into power.
And its kind of like suffering can bring power.
In some ways, ONLY suffering can bring power.
My signature is: "Classified".
  • #158
  • Sep 5, 2022 6:14am Sep 5, 2022 6:14am
1. Make a prediction of where it turns the other way.
Do this with multiple waves of price pattern in mind, at least 2 waves.
But 3 or 4 is normal.
Do this on M30, H1, H4 ish.

2. Place the position regarding M1 PA.
Look for the type of no SR price patterns.

3. SL and TP is BOTH thought of as complete intraday trades.
AND watch M1 PA constantly as each trade is entered.

4. Fuck the corporations.

5. Fuck the governments.

6. Fuck the (modern) judeo christian laws.
My signature is: "Classified".
  • #159
  • Sep 5, 2022 6:21am Sep 5, 2022 6:21am
1. Heal the planet.
2. Honor the dead.
3. Love the demons.
4. Dont be afraid of pain.
5. Be kind to the sheep.
6. Seek the darkness.
7. Seek the light.
8. Never give up, never surrender.
9. Life is infinite. Death is not the end.
My signature is: "Classified".
  • #160
  • Sep 5, 2022 6:25am Sep 5, 2022 6:25am
Attached Image (click to enlarge)
Click to Enlarge Name: sell again.jpg Size: 238 KB
My signature is: "Classified".
0 traders viewing now