(binned per thread starter’s request) 29yrs Trading & Still Here | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

One trade per daily bar, or per X bars on current timeframe 0 replies

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: (binned per thread starter’s request) 29yrs Trading & Still Here
Exit Attachments

(binned per thread starter’s request) 29yrs Trading & Still Here

  • #201
  • Sep 10, 2022 6:14am Sep 10, 2022 6:14am
Quoting BWilliam
Hi Indiara, we are only responsible to ourself. I always jot down my chart analysis and how I feel in a journal. This include the pips count, lot size and $value. Then complete my review at the end of the day. It's a standard practice. Cheers
Yes, you are right of course, we are only responsible for ourselves. But if I can inspire other people, especially other girls to trade, then that makes me happy. If my trading goes bad, then other people may learn from my errors.

As an aside, a few posts above I speak of a poker player, Tom Dwan. I have a video clip (I won't post it here because it is not my thread), and in one poker hand he loses, from memory, about $200,000. The very next hand he loses $500,000! Both hands he played very well, but the last card each time made him lose. It's like getting a big spike against our trade and the SL not respected. In the interview after the session he was asked, "How do you cope with such big losses?....are just philosophical about it?" Tom replied, "Well I wish had won...that's about as philosophical as I can get! But losing and winning is all part of playing poker, so I just move on to the next game."

Tom Dwan is a big inspiration on me for keeping myself on the ground
I am neither brave nor stupid...I am just a part time trader
  • #202
  • Sep 10, 2022 6:18am Sep 10, 2022 6:18am
Quoting T721
{quote} Thanks for taking the time to post here. Pips, now that would make a good discussion as we all trade differently, have different targets in pips, and some look for a %age, others are maybe scalping for 5 - 10 . Personally im looking for minimum 100 for a day trade and i build multiples. i have had a great time this year with GU swings. it would probably frighten some to know i can be upside down hundreds of pips and still add if its a swing trade I scale into tops and bottoms . sometimes they are not tops or bottoms but thats when...
Pips is the only common measurement we have really. I know that lot size makes a difference in money earned or lost, but at least we all make (or lose) pips! I don't have a target, I just take what I can and what seems possible on the day. I am happy with anything, but of course I like more than just a few! For me, 50 pips is about $75, so that is a nice trade for me
I am neither brave nor stupid...I am just a part time trader
  • #203
  • Sep 10, 2022 6:20am Sep 10, 2022 6:20am
Quoting emmanuel7788
{quote} hi @Indiara there are those for and against showing trades and trading performance. you will read about them here: Show Trade Explorer, why Yes or why Not... https://www.forexfactory.com/thread/457918-show-trade-explorer-why-yes-or-why-not I asked FF to allow CUG for members who want to share their Trader Explorer with only likeminded members but FF never got to allowing CUG. Therefore, I prefer to us FXBlue where you can create a white list of members whom you want to share your trades and performance. https://www.fxblue.com/...

Thank you for this information

I like to do this the way I am doing it now, but I may change later.
I am neither brave nor stupid...I am just a part time trader
  • #204
  • Sep 10, 2022 6:27am Sep 10, 2022 6:27am
Quoting Indiara
{quote} Sorry, I didn't mean to be rude and ignore your invitation. I have a lot of people here and we are all making music, I hope the people next door agree! I am just sneaking away to post here when I get a break
no problem Indiara, enjoy your party
  • #205
  • Sep 10, 2022 6:29am Sep 10, 2022 6:29am
Quoting Indiara
{quote} Yes, you are right of course, we are only responsible for ourselves. But if I can inspire other people, especially other girls to trade, then that makes me happy. If my trading goes bad, then other people may learn from my errors. As an aside, a few posts above I speak of a poker player, Tom Dwan. I have a video clip (I won't post it here because it is not my thread), and in one poker hand he loses, from memory, about $200,000. The very next hand he loses $500,000! Both hands he played very well, but the last card each time made him lose....
post anything you like in here
  • #206
  • Sep 10, 2022 6:38am Sep 10, 2022 6:38am
Quoting Indiara
{quote} Yes, you are right of course, we are only responsible for ourselves. But if I can inspire other people, especially other girls to trade, then that makes me happy. If my trading goes bad, then other people may learn from my errors. As an aside, a few posts above I speak of a poker player, Tom Dwan. I have a video clip (I won't post it here because it is not my thread), and in one poker hand he loses, from memory, about $200,000. The very next hand he loses $500,000! Both hands he played very well, but the last card each time made him lose....
Tom Dwan, he's my inspiration. Win or lose aside, he is the ultimate professor of poker. He exudes this Dwan's professional aura that he's on top of things come what may. He's a top draw in any tournament. If he's still at the table, he's the guy to watch. Ofc we're all rooting for him. May I add, he loses in style. You got me started on Dwan. Lol Cheers
Know what you trade
  • #207
  • Sep 10, 2022 3:17pm Sep 10, 2022 3:17pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2022-09-10 at 00.22.16.png Size: 33 KB
  • #208
  • Sep 10, 2022 9:42pm Sep 10, 2022 9:42pm
I watched this video.
https://www.forexfactory.com/thread/post/14132264#post14132264


First chart is the original Stacey Burke's chart with pdh and pdl, and dol added on.

The 2nd is with boxes extrapolated from previous day's market activity.

The challenge is to see those boxes in real time. Or you're victim of blindness when it happened.

What use are those SB lines to you ? Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.PNG Size: 15 KB
Click to Enlarge Name: gu2.PNG Size: 16 KB
Know what you trade
  • #209
  • Sep 11, 2022 12:19pm Sep 11, 2022 12:19pm
Hey op,
since you are an experienced trader, i'd like to have your opinion on the 5 sma strategy used here. I've read 130+ pages and people seems to have good results with it. I personally took a few trades with it and it seems ok for the moment, even if a few days of experimentation means nothing, even a few weeks.

https://www.forexfactory.com/thread/600112-monthly-profit-daily-trading-using-sma
  • #210
  • Sep 11, 2022 1:36pm Sep 11, 2022 1:36pm
Quoting Djee75
Hey op, since you are an experienced trader, i'd like to have your opinion on the 5 sma strategy used here. I've read 130+ pages and people seems to have good results with it. I personally took a few trades with it and it seems ok for the moment, even if a few days of experimentation means nothing, even a few weeks. https://www.forexfactory.com/thread/600112-monthly-profit-daily-trading-using-sma
To be honest i dont use EMAs at all. This isnt to say they arent useful, i just dont use them. If your doing well with the strategy then keep using it. Just because i dont doesnt mean you shouldnt as every trader is different. If you find it gives you an edge then keep doing it. I trade on higher time frames and cant watch charts all day so at least 80% of my trades are swings. I will never knock anyones strategy. If your strategy gives you an edge keep doing it. But for it to work well it needs to produce results over months not 2 or 3 days, 2 or 3wks. So go and back test it some. Sorry i dont have time to go and read the thread you pointed to but really hope it is helping you. What i will say tho is dont keep jumping from one strategy every few weeks, thats not enough time to test anything and also dont commit real money just demo thatshit till it produces results
  • #211
  • Sep 11, 2022 2:54pm Sep 11, 2022 2:54pm
Quoting T721
If anyone has any questions please ask. Dont be shy, if i dont know the answer i dont know the answer but if i do it might make a good post
I just came across your thread whilst roaming around another.
Liquidity runs ?
Are these what Stacey Burke and ICT refer to. I have noticed that several consectutive long red candles down ( from a level) often result in a climb back up to the originating red candle?

Isn't the alphabet wonderful - especially "M" and "W"
every Saint has a past. Every Sinner has a Future
  • #212
  • Sep 11, 2022 3:09pm Sep 11, 2022 3:09pm
Quoting turnip15
{quote} I just came across your thread whilst roaming around another. Liquidity runs ? Are these what Stacey Burke and ICT refer to. I have noticed that several consectutive long red candles down ( from a level) often result in a climb back up to the originating red candle? Isn't the alphabet wonderful - especially "M" and "W"
M and W best 2 letters in the alphabet to me not sure how Stacey or ICT trade, i have seen some of their videos but i kinda stick to my own style. If you look back in the thread somewhere i think i posted a chart with red lines, these are the liquidity grabs i look for
  • #213
  • Sep 11, 2022 3:11pm Sep 11, 2022 3:11pm
Quoting turnip15
{quote} I just came across your thread whilst roaming around another. Liquidity runs ? Are these what Stacey Burke and ICT refer to. I have noticed that several consectutive long red candles down ( from a level) often result in a climb back up to the originating red candle? Isn't the alphabet wonderful - especially "M" and "W"
long red candles need a pullback to go down. they need to find more sellers and trap the hands that sold at the bottom, hope it makes sense
Attached File(s)
File Type: pdf Waiting_for_a_Retest_Will_Make_You_a_Better_Forex_Trader_2_3.pdf   238 KB | 424 downloads
  • #214
  • Sep 11, 2022 4:42pm Sep 11, 2022 4:42pm
Quoting T721
THE HOLY GRAIL ------ the good news is there is one. its RISK RISK RISK. think of yourself as a Risk Manager
  • #215
  • Sep 11, 2022 7:41pm Sep 11, 2022 7:41pm
Quoting T721
{quote} long red candles need a pullback to go down. they need to find more sellers and trap the hands that sold at the bottom, hope it makes sense {image}
Thank you T721. Your contribution really helps. There are good explanations from your PDFs which seem to make sense. It is clear and concise, no teasing, no cryptic bullsh*t.

FF is like a hall of cryptic synagogue since time immemorial, nothing is clear, everything is always fuzzy wuzzy like a conspiracy, you need to do your "research" (much better if you do it at area51) because there is no free lunch and they have spent XXX years on it.lol

Your posts are like a breath of fresh air in a clear day.
The market hides a perfect geometry.
  • #216
  • Sep 11, 2022 7:58pm Sep 11, 2022 7:58pm
Quoting T721
{quote} long red candles need a pullback to go down. they need to find more sellers and trap the hands that sold at the bottom, hope it makes sense {image}
Another great little PDF. Thanks for posting this one.

"The term, “weak hands” refers to any group of traders (usually retail) who are not comfortable holding a position through increased volatility for the opportunity to make larger gains."

Great quote.
Empty your mind and let the market guide you
  • #217
  • Sep 11, 2022 9:37pm Sep 11, 2022 9:37pm
Quoting turnip15
{quote} I just came across your thread whilst roaming around another. Liquidity runs ? Are these what Stacey Burke and ICT refer to. I have noticed that several consectutive long red candles down ( from a level) often result in a climb back up to the originating red candle? Isn't the alphabet wonderful - especially "M" and "W"
I think liquidity runs are the same/similar to stop hunts.
Mark ... Everything you have been told is a LIE
  • #218
  • Sep 12, 2022 1:51am Sep 12, 2022 1:51am
Quoting SunnyCoast
{quote} Another great little PDF. Thanks for posting this one. "The term, “weak hands” refers to any group of traders (usually retail) who are not comfortable holding a position through increased volatility for the opportunity to make larger gains." Great quote.
This term is always used in crypto, weak hands vs diamond hands.
The market hides a perfect geometry.
  • #219
  • Sep 12, 2022 3:43am Sep 12, 2022 3:43am
Quoting BWilliam
I watched this video. https://www.forexfactory.com/thread/post/14132264#post14132264 First chart is the original Stacey Burke's chart with pdh and pdl, and dol added on. The 2nd is with boxes extrapolated from previous day's market activity. The challenge is to see those boxes in real time. Or you're victim of blindness when it happened. What use are those SB lines to you ? Cheers {image} {image}

Buy and sell hemisphere?
  • #220
  • Sep 12, 2022 7:38pm Sep 12, 2022 7:38pm
Quoting GPips
{quote} Thanks Terry, by chance do you have the MP3 audio file of his book? I listen weekly to Michael's podcast he's a very seasoned Trader with lots of knowledge!
The podcast is great! I‘ve been listening to him for a while now and can only recommend it.

Michael offered me a personal coaching but I currently can’t afford spending that kind of money he asks for.
1 trader viewing now