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  • #1,217,361
  • Jul 22, 2022 3:14am Jul 22, 2022 3:14am
Quoting ForexGoose
{quote} so, how much money did you make and report on your tax return from trading based on minute charts? in the attached image, you can see for yourself that there are many members, but not many who are online, which indicates that many people lost money and quit trading because they gambled on minute charts there are obvious charlatans online, promoting forex brokers, software programs, and investing advice to attract gullible people {image}
from trading based on minute charts
why are you writing fiction instead of fact?? Where did I say that I was trading based on 1 minute charts??? Or is reading comprehension one of your challenges needing improvement?

If you would have happened to have followed a Trade Explorer that I had open for about a year along with my posts, you could have seen for yourself what TFs I was using to produce results like this:
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To free Gazans of Hamas, use whatever it takes.
  • #1,217,362
  • Jul 22, 2022 3:27am Jul 22, 2022 3:27am
Quoting JauntyLoon
{quote} What I've noticed is that in TA, people only show examples of good trends or successful trades in their charts. Most of the time, charts don't show good, clear trends and this is especially so on short time frames. The guarded nature of proponents is, to me, further evidence of the fact that successful and profitable trades are relatively uncommon, and especially so on short time frames.
Most of the time, charts don't show good, clear trends and this is especially so on short time frames.
You are correct, because "most of the time", the "market", i.e. the specific TF being analyzed, trends only about 30% of the time. Hence, it is simply impossible to show a condition "most of the time" if said condition does not exist "most of the time".

successful and profitable trades are relatively uncommon, and especially so on short time frames.
Correct again: The published statistics by brokers of the percentage of their clients that lose supports this.

Finding any randomly selected individual with a personal acquaintance with a winner of a significant lottery amount is relatively uncommon as well. But uncommon does not equate to impossible.

Here is a year's worth of uncommon, but not impossible:
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To free Gazans of Hamas, use whatever it takes.
  • #1,217,363
  • Jul 22, 2022 3:34am Jul 22, 2022 3:34am
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I want to see 1.02 78 again......It might work...it might not... I risked it.

  • #1,217,364
  • Jul 22, 2022 3:35am Jul 22, 2022 3:35am
Quoting JauntyLoon
{quote} LIke here, you would draw a line at 10270, sell it when it backs off from that level, even though the 'trend' is up? (Or is it?) {image}
1. The definition of "trend" must be specified because there are many definitions available that do not always agree on trend direction, or even if there is a trend.

2. Whether or not an entry is made depends entirely on a specific system. So it seems to me that you are simply on a quest for system details to determine if an entry decision would agree with your own system analysis.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,365
  • Jul 22, 2022 3:44am Jul 22, 2022 3:44am
Quoting DrDave
{quote} Most of the time, charts don't show good, clear trends and this is especially so on short time frames. You are correct, because "most of the time", the "market", i.e. the specific TF being analyzed, trends only about 30% of the time. Hence, it is simply impossible to show a condition "most of the time" if said condition does not exist "most of the time". successful and profitable trades are relatively uncommon, and especially so on short time frames. Correct again: The published statistics by brokers of the percentage of their clients that...
Great results DrDave. One more tip I can give from my many years of experience is, having strong feeling about what you do and style. Confidence can and will get an unlucky trader to a lucky milionaire. Life is how we see it Stay strong!
Looking for profitable short term trades ...|
  • #1,217,366
  • Jul 22, 2022 3:45am Jul 22, 2022 3:45am
Quoting JauntyLoon
{quote} What I've noticed is that in TA, people only show examples of good trends or successful trades in their charts. Most of the time, charts don't show good, clear trends and this is especially so on short time frames. The guarded nature of proponents is, to me, further evidence of the fact that successful and profitable trades are relatively uncommon, and especially so on short time frames.
If you care to waste your time reading here, you can see many examples of using only TA to determine direction bias given on several TFs and what TFs to expect to be active THE FOLLOWING DAY. There are many charts posted with the follow up on that next day activity.

If you see only "good trends" in those posts, then that is simply because the TA selected IN ADVANCE on which TFs to expect the "good trend" to be, not because of selection bias in next day follow up posts.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,367
  • Edited 5:21am Jul 22, 2022 3:55am | Edited 5:21am
Quoting Js3mwtRc
{quote} Great results DrDave. One more tip I can give from my many years of experience is, having strong feeling about what you do and style. Confidence can and will get an unlucky trader to a lucky milionaire. Life is how we see it Stay strong!
Well, from my experience in life, strong feelings about what one does, style, and confidence are over-rated as tools for success. I have seen so many failures that came from have strong feelings and confidence about something, but the proper analysis was not done, so that all of this confidence and strong feelings were being poured into a situation that was BASED ON A LOSING PREMISE. And typically, by the time that the "owner" of this losing system discovers that it is indeed a losing system, he is so far invested in the system that he simply will not (sometime cannot) abandon it, DESPITE knowing full well that the probability is close to zero that it can be recovered.

And then desperation mode kicks in as he tries to find some way to now liquidate the system as quickly as possible such that the determination of loss versus time is a favorable as possible.
To free Gazans of Hamas, use whatever it takes.
  • #1,217,368
  • Edited 7:18am Jul 22, 2022 3:59am | Edited 7:18am
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buyer trying to absorb bears
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Bulls and Bears who use Moment Force
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we can feel the interpensions that occur
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The Average Discount Everything
  • #1,217,369
  • Jul 22, 2022 4:15am Jul 22, 2022 4:15am
Quoting DrDave
{quote} Well, from my experience in life, strong feelings about what one does, style, and confidence are over-rated as tools for success. I have seen so many failures that came from have strong feelings and confidence about something, but the proper analysis was not not done, so that all of this confidence and strong feelings were being poured into a situation that was BASED ON A LOSING PREMISE. And typically, by the time that the "owner" of this losing system discovers that it is indeed a losing system, he is so far invested in the system that...
That post completes my view about luck thanks, but you need energy to think and invest in fx and in the strong feeling (dedication) there should be some lack of laziness inside - courage and without that a new trader can't go anywhere except if, he buys an expert advisor and let it run all by it self!
Looking for profitable short term trades ...|
  • #1,217,370
  • Jul 22, 2022 6:33am Jul 22, 2022 6:33am
I found it difficult here, not sure if is a BO, a possible BOPB or a failed BO
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trading is simple but is simple is not easy.
  • #1,217,371
  • Jul 22, 2022 6:59am Jul 22, 2022 6:59am
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don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,217,372
  • Jul 22, 2022 7:19am Jul 22, 2022 7:19am
on the daily timeframe this week is good. first there was a quite bulish movement. and now it is starting falling again. after the weekend i do not expect very big gaps. so the euro is likely to fall a little more against the dollar.
  • #1,217,373
  • Jul 22, 2022 9:34am Jul 22, 2022 9:34am
Quoting ZenNy
I found it difficult here, not sure if is a BO, a possible BOPB or a failed BO {image}
long
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trading is simple but is simple is not easy.
  • #1,217,374
  • Jul 22, 2022 10:01am Jul 22, 2022 10:01am
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So far so good . . .SL on longs a at 1.01 98 --- Still looking for 1.02 78 --- Watching and enjoying your posts , crew.

  • #1,217,375
  • Jul 22, 2022 10:18am Jul 22, 2022 10:18am
Quoting F.g
{image} So far so good . . .SL on longs a at 1.01 98 --- Still looking for 1.02 78 --- Watching and enjoying your posts , crew.
Great trade I think this upmove is over!
Looking for profitable short term trades ...|
  • #1,217,376
  • Jul 22, 2022 10:54am Jul 22, 2022 10:54am
Quoting Js3mwtRc
ECB raised 0.25% more than it promised and this is hawikish! EU stoped some pips above the high and droped all back again, because of fear of recesion and orders tha got hitted. I don't see a bad new here, they even had ready the antifragmentation tool whenever it needed. EU stoped right above that channel on 4H graph. Price action should keep going in a range until it breaks with sustainable force outside these ranges - 1.0279/1.0123. In the image some spots of interest. {image}
EURUSD closed below the channel only to close back inside and print a bullish candle, but its momentum is fading now, late Friday where London Close is near and also inside the same range - 1.0279/1.0123 (we may see it play in until Wednesdays FOMC decision) we'll see.

It was an excellent week of profits and fun, you are all great traders even the new ones managed to make pips, keep it green!
Looking for profitable short term trades ...|
  • #1,217,377
  • Edited Jul 23, 2022 2:37am Jul 22, 2022 11:51pm | Edited Jul 23, 2022 2:37am
NEXT WEEK time for bears bring price DOWN more ....... Powell said next week increase rate 75 bps, due to target 3.7% interest rate this years

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Attached File(s)
File Type: pdf Russell Smith - Cosmic Secrets.pdf   8.4 MB | 265 downloads

Attached File(s)
File Type: ex4 DoReMiFaSoLaSiDo.ex4   14 KB | 211 downloads

attach indicator to chart ....... indicator only for setting level fibo zone, so use tools fibo zone mt4
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The Average Discount Everything
  • #1,217,378
  • Jul 23, 2022 12:36am Jul 23, 2022 12:36am
lets see what fed rate hike does next week
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  • #1,217,379
  • Jul 23, 2022 12:42am Jul 23, 2022 12:42am
Quoting PatienceFx
lets see what fed rate hike does next week {image}
for a good divergence on daily, price shjould make a low below parity before jumping back up
  • #1,217,380
  • Jul 23, 2022 12:48am Jul 23, 2022 12:48am
Quoting PatienceFx
lets see what fed rate hike does next week {image}
https://www.bloomberg.com/news/artic...ints-next-week
The Average Discount Everything
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