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  • #3,121
  • Sep 7, 2022 12:25am Sep 7, 2022 12:25am
Just for clarification (hell I love the word "just"):



Quoting FocusWinReal
{quote} Good point. The little red boxes and large green boxes that tradingview traders use. So retail, the logic being the target must get hit because the box is green and fixed.
... although, of course, as with everything...
Quoting Ihlas
Yes, so don't use SL, let the losers run. Don't be afraid of DD. LOL Best advice ever You should be invincible, but indeed you need preparation. Amat victoria curam
... it depends on how his message was interpreted... and the further meaning/intention of yours...



Quoting Ihlas
{quote} Scratch the surface a little, I'm sure you will get there
... and now, I suppose with that reply you were referring to the 2nd part:
Quoting Viktor
What he said has nothing to do with this, lul.
... while before I thought referring to the 1st part (for some reason I didn't read my 2nd part in your quote):
Quoting Viktor
Just like ALL mechanical "technical indicators"
... the reason of my subsequent replies... as you then you probably assumed, cause it was evident
  • #3,122
  • Sep 7, 2022 12:25am Sep 7, 2022 12:25am
Attached File(s)
File Type: pdf The Quarters Theory.pdf   6.3 MB | 594 downloads


For those interested in Stacey Burke....00s 25s 50s 75s 00s 100 pip boxes and larger 1000 pip boxes (indices etc)

This book has some good insight..and its based on the Non-Randomness of the market.
The market moves in an "Orderly" fashion...
Page 8 Premise of the quarters theory..
and also recommend reading
page 44 the 3 day rule.. hint Day 1 Day 2 Day 3 (those who know will get it)

Cheers
Blue
Master your Mind,,,Master the Market
  • #3,123
  • Edited 1:45am Sep 7, 2022 1:03am | Edited 1:45am
Just to clarify(just again lol),

I don't trade patterns or indicators per se, I don't subscribe to this idea of overbought/oversold in whatever form.

I don't scalp. If I don't see 50 pips potential I'm not interested.

I have no idea of any strategies out there. I read zero books and watch zero videos. I'm not interested. Lol

Open lines is most important to me.
Time is very important to me. It's so obvious lines mean time. Lol

Buy if close line is expected to be above open line,
Sell if close line is expected to be below open line.
So, which line is more important, open or close? Lol
(I'm also not interested in previous high/low lines, I don't make decision based on them. Or whatever price level. If I draw them on my chart it'll mess up an already badly messed up chart. Lol)

Sound moot and silly but that's what I watch and only thing I watch how market move value towards the close, ie. value intent.
(By close, it means clock. It's all about the clock. Lol)

This is my silly strategy in a nutshell.
Very unsophisticated.

And since I have a 50pips minimum, adr becomes important.

Can I predict at what time cometh this next 50pips?
Ofc not. Lol

I'm not interested in under 50pips, I'm also not interested in 50pips I can't see. Lol
To me, I see dangerous 50pips and not dangerous 50pips.
Ofc I know it can go 50pips but it's dangerous so...
Sometimes I wish I don't know. Lol
That's the price to pay for reducing blindness. Open eyes is not always a good thing. Lol

That's it.
Simple and uncomplicated, allowing market do its thing who knows whatever that is without imposing any bias expectation. Cheers
Know what you trade
  • #3,124
  • Sep 7, 2022 1:20am Sep 7, 2022 1:20am
Quoting bluesteele
{image} For those interested in Stacey Burke....00s 25s 50s 75s 00s 100 pip boxes and larger 1000 pip boxes (indices etc) This book has some good insight..and its based on the Non-Randomness of the market. The market moves in an "Orderly" fashion... Page 8 Premise of the quarters theory.. and also recommend reading page 44 the 3 day rule.. hint Day 1 Day 2 Day 3 (those who know will get it) Cheers Blue
Thanks Blue. Is this the 3 days that Stacey talks about in that book?
  • #3,125
  • Sep 7, 2022 1:24am Sep 7, 2022 1:24am
Quoting BWilliam
Just to clarify(just again lol), I don't trade patterns or indicators per se, I don't subscribe to this idea of overbought/oversold in whatever form. I don't scalp. If I don't see 50 pips potential I'm not interested. I have no idea of any strategies out there. I read zero books and watch zero videos. I'm not interested. Lol Open lines is most important to me. Time is very important to me. It's so obvious lines mean time. Lol Buy if close line is expected to be above open line, Sell if close line is expected to be below open line. So, which line...
Thanks BW, still practicing.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
The market hides a perfect geometry.
  • #3,126
  • Sep 7, 2022 1:41am Sep 7, 2022 1:41am
Quoting BWilliam
Just to clarify(just again lol), I don't trade patterns or indicators per se, I don't subscribe to this idea of overbought/oversold in whatever form. I don't scalp. If I don't see 50 pips potential I'm not interested. I have no idea of any strategies out there. I read zero books and watch zero videos. I'm not interested. Lol Open lines is most important to me. Time is very important to me. It's so obvious lines mean time. Lol Buy if close line is expected to be above open line, Sell if close line is expected to be below open line. So, which line...
Why not 45, 40 or 35 pips? Or maybe 60, 70 or more? Isn't value relative and volatility variable?
  • #3,127
  • Sep 7, 2022 1:50am Sep 7, 2022 1:50am
Quoting Viktor
Why not 45, 40 or 35 pips? Or maybe 60, 70 or more? Isn't value relative and volatility variable?
Because less than 50pips is unproductive to me. More than 50pips means the probability to hit profit target drop. 50pips for my select pairs fit just nice taking volatility and spread into consideration.

When overall market volatility drop I update the pairs and/or adjust it lower to 40pips.

I was asked this question before and I made a post to answer this. Cheers
Know what you trade
  • #3,128
  • Sep 7, 2022 2:04am Sep 7, 2022 2:04am
Quoting BWilliam
{quote} Because less than 50pips is unproductive to me. More than 50pips means the probability to hit profit target drop. 50pips for my select pairs fit just nice taking volatility and spread into consideration. When overall market volatility drop I update the pairs and/or adjust it lower to 40pips. I was asked this question before and I made a post to answer this. Cheers
Ok, but wouldn't it be a shame losing (not taking) a trade because it "falls short" for only 1, 2, 3, 5, 10 pips? It's too rigid and not flexible, more if taking into consideration all that complex math and R&S you mentioned some posts above.

Do you also use fixed SL or dynamic? Much smaller than TP if I guess right?
  • #3,129
  • Edited 2:35am Sep 7, 2022 2:07am | Edited 2:35am
Quoting Viktor
Ok, but wouldn't it be a shame losing (not taking) a trade because it "falls short" for only 1, 2, 3, 5, 10 pips? It's too rigid and not flexible, more if taking into consideration all that complex math and R&S you mentioned some posts above. Do you also use fixed SL or dynamic? Much smaller than TP if I guess right?
Even if it's 20-30pips I won't take the trade.
I don't get involve in such market.

I believe we are not at optimum if we feed everywhere, anywhere and anytime. We chose our prey to feed like the animal kingdom.

I use a preset fixed 15pips SL executed at entry.

The entire package is my risk management model. If the trade opportunity does not fall inside my risk reward profile, pass.

Case in point, I've taken zero trade today(start Frankfurt open). Lol
Know what you trade
  • #3,130
  • Sep 7, 2022 2:41am Sep 7, 2022 2:41am
Quoting FulMargnAlch
Looks like there is a failure here and the range exhausted around 60%. But we are near London so it has still the capacity to hit previous low. I'll set BE incase.{image}
Already TP, second win for today. Trading looks nice.
Attached Image (click to enlarge)
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The market hides a perfect geometry.
  • #3,131
  • Sep 7, 2022 2:53am Sep 7, 2022 2:53am
Quoting BWilliam
{quote} Even if it's 20-30pips I won't take the trade. I don't get involve in such market. I believe we are not at optimum if we feed everywhere, anywhere and anytime. We chose our prey to feed like the animal kingdom. I use a preset fixed 15pips SL executed at entry. The entire package is my risk management model. If the trade opportunity does not fall inside my risk reward profile, pass. Case in point, I've taken zero trade today(start Frankfurt open). Lol
Thanks for your answers, BWilliam =]

With 1-5 pips I mean for example 45-49 of the "optimal" 50; still under 1:3 R/R, nonetheless worthwhile in my view.

And with those stats/metrics, even with an average win-ratio as low as 35% from a few trades per week, your overall results would be great.
  • #3,132
  • Sep 7, 2022 2:54am Sep 7, 2022 2:54am
Quoting FulMargnAlch
{quote} Already TP, second win for today. Trading looks nice.{image}
Why don't you start a trading journal?
  • #3,133
  • Sep 7, 2022 2:54am Sep 7, 2022 2:54am
Quoting Viktor
{quote} Ok, but wouldn't it be a shame losing (not taking) a trade because it "falls short" for only 1, 2, 3, 5, 10 pips? It's too rigid and not flexible, more if taking into consideration all that complex math and R&S you mentioned some posts above. Do you also use fixed SL or dynamic? Much smaller than TP if I guess right?
Victor, you seem to delight in criticism but what a pity it is not constructive as opposed to destructive. Perhaps you could tell us how you trade within or without the parameters of approaches discussed in this thread and why.
Post some charts, as others do here for discussion rather than post after post of negativity. We want to learn by example rather than engage in fruitless rhetoric.
I am sure people here would love to know your approach to trading with accompanying charts of said trade approach or maybe start your own thread..
Happy pipping.
every Saint has a past. Every Sinner has a Future
  • #3,134
  • Sep 7, 2022 3:03am Sep 7, 2022 3:03am
Quoting bluesteele
{image} For those interested in Stacey Burke....00s 25s 50s 75s 00s 100 pip boxes and larger 1000 pip boxes (indices etc) This book has some good insight..and its based on the Non-Randomness of the market. The market moves in an "Orderly" fashion... Page 8 Premise of the quarters theory.. and also recommend reading page 44 the 3 day rule.. hint Day 1 Day 2 Day 3 (those who know will get it) Cheers Blue
Very useful and practical read. Thanks
every Saint has a past. Every Sinner has a Future
  • #3,135
  • Sep 7, 2022 3:08am Sep 7, 2022 3:08am
Quoting Viktor
{quote} Why don't you start a trading journal?
I think only those who work for brokers wanted their trades to be publicized.
The market hides a perfect geometry.
  • #3,136
  • Edited 3:29am Sep 7, 2022 3:08am | Edited 3:29am
Quoting turnip15
{quote} Victor, you seem to delight in criticism but what a pity it is not constructive as opposed to destructive. Perhaps you could tell us how you trade within or without the parameters of approaches discussed in this thread and why. Post some charts, as others do here for discussion rather than post after post of negativity. We want to learn by example rather than engage in fruitless rhetoric. I am sure people here would love to know your approach to trading with accompanying charts of said trade approach or maybe start your own thread.. Happy...
Naa, you're totally wrong about my "intentions", lol. I'm just seeking to understand other people's views and "logic".
Being inquisitive isn't the same as criticizing (much less judging) just for the sake of it.
Besides that, critical thinking (including making questions) can be "constructive" (not necessarily negative).

So that's my goal: genuine conversations.

--- EDIT:

And regarding "my trading" (or lack off it) I've already written about. Thanks for your suggestion. I'm not actively doing it, and even if that was the case, I wouldn't post hindsight after-the-fact charts, neither can predict the future.

At least for me, some dialectics with good "rhetoric" isn't fruitless exercise if the meaning is honest, logical and congruent...
  • #3,137
  • Sep 7, 2022 3:13am Sep 7, 2022 3:13am
Damn. It did hit dol. Perhaps the next question is, will it closed above dol?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 29 KB
The market hides a perfect geometry.
  • #3,138
  • Sep 7, 2022 3:20am Sep 7, 2022 3:20am
Quoting FulMargnAlch
{quote} I think only those who work for brokers wanted their trades to be publicized.
Well, you're kinda "journaling" your trades and ideas here anyway. That's what I meant. Brokers and bankers don't give a shit about what anyone comments here...
  • #3,139
  • Sep 7, 2022 3:34am Sep 7, 2022 3:34am
Quoting Viktor
{quote} Well, you're kinda "journaling" your trades and ideas here anyway. That's what I meant. Brokers and bankers don't give a shit about what anyone comments here...
Not really, I'm just posting trades to discuss something upon. But it seems no body is interested in charts and some just want an all day debate on anything under the sun that can't help their trading. So I think everybody get what BW and others have been discussing here. Good luck!
The market hides a perfect geometry.
  • #3,140
  • Sep 7, 2022 4:41am Sep 7, 2022 4:41am
Quoting FulMargnAlch
{quote} Not really, I'm just posting trades to discuss something upon. But it seems no body is interested in charts and some just want an all day debate on anything under the sun that can't help their trading. So I think everybody get what BW and others have been discussing here. Good luck!
Charts are good. Why not annotate them to give some meaning?
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