Disliked{quote} Open is fine. 1:1501 Do you mean the blue vertical line?Ignored
every Saint has a past. Every Sinner has a Future
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Disliked{quote} Open is fine. 1:1501 Do you mean the blue vertical line?Ignored
Disliked{quote} Blue verticals are the London Open for Forex in YK time ( 7am then 8am UK Equity market Open and 10am UK time ) These are the "Killzone" ? for Stacey Burke type trading method - I hope.Ignored
DislikedThe 15 minute. Edit: The grey horizontal line at the top is a 4 hour support line back in August from the 22nd to the 31st August when it was broken to the downside. It has now come back but this is hindsight analysis.I don't think Stacey Burke has so many levels from different time frames. I imagine 4 hour puts you in the ball park then hourly and fifteen minute lay the areas for watching price action on the 5 minute ( my execution time frame) ? Constructive comment most welcome please {image} {image}
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DislikedLooks 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}Ignored
DislikedDamn. It did hit dol. Perhaps the next question is, will it closed above dol? {image}Ignored
DislikedThe target seems to have already been reached and now a deciding point. {image}Ignored
DislikedNow, it's time to address this algo thing again. Why algo? How is it possible that a market with so many participants under CBs supervision trade like an algo? The answer is it's not the almighty Algo entity. The commonality that link all stakeholders is the value of the asset. This common ground make the market look like a single algo entity on our chart. Cheers.Ignored
Disliked{quote} Hi FMA, failure simple layman word is the key vocabulary. {quote} You're getting it. {quote} How much did market pay you if you knew the answer? {quote} Since you knew target reached and it's all about deciding point from here, what tools do you have to answer this trade entry question? Look back my previous post, I mentioned learn scalping skills. {quote} Correct. You begin to get the idea how professional traders move value. {quote} Imagine if you hit 50pips every trading day. Risk 0.5% a trade, how much your gain in the long run assuming...Ignored
Disliked{quote} Lots of practise allow you to learn the detail nuances of the market. Key word - detail. You learn how to define the market according to the market as it is, don't make the common mistake to impose assumptions which has no basis. Watch the clock always. Taken note of sessions open times, futures market open times, and stock market open times. These are real market variables. One of the most common reason for assumption is statistical observation. My advice is don't turn trading into a statistical speculation if you're trading value - stick...Ignored
Disliked{quote} Having all the answers? No, very far from it... Curious? Always. Still lots to learn... Improving in various aspects (not only as a "trader")? Yes, I like that, and search for it...Ignored
DislikedThis is how an educated person think. "And therefore when we go to investigate it we shouldn't pre-decide what it is we're trying to do except to find out more about it." ~ Richard FeynmanIgnored
Disliked{quote} I wrote about this in my first post on this thread. {quote} https://youtu.be/QkhBcLk_8f0 I posted this Feynman video to explore deeper into the difference between knowing and understanding. https://youtu.be/NM-zWTU7X-kIgnored
Disliked{quote} A good summary and example by Feynman. https://coffeeandjunk.com/knowing-something/ Translated to forex. We should just forget about forex or trading in general and learn why price move up or down just as you said. We should learn value.Ignored
Disliked.... i know its boring and 95% of traders dont do it they to busy looking for the holygrail of forex with greed in there eyes instead of learning why things happen and when on a chart , i repeat it every now and then but its a waste of time , because human nature , kindest regardsIgnored
Disliked{quote} Hi Aussi, it sure feels that way.It's cool, FF is an interesting place to learn about people. Lots of angry people. Lol Cheers
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