every Saint has a past. Every Sinner has a Future
- #7,162
- Mar 24, 2023 3:54am Mar 24, 2023 3:54am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #7,163
- Edited 5:18am Mar 24, 2023 4:43am | Edited 5:18am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
{quote} Bar 1 was my signal bar, so I could have just sold on the close there. Bar 2, the following day, made a new high and was against me all day(had I shorted on the first day). By waiting for the market to go against me I could have secured a much better entry for shorts. So my thinking was to incoroporate a lag or delay into my method that forces me to wait. It may be as simple as, after you get a signal, wait for one additional bar (on the same time frame/in the opposite direction of the intended). Anyway, those where my thoughts... {image}...
There are 2 possible places to place a "limit sell order", First is the Week Open Line, where price was rejected a number of times. The spinning top @08:00 bar
would be an excellent sell signal.
and then the second place would be the Red LIne you drew (Market Structure).
But expect some DD. If your stop is too close, you would get stopped out.
My ATR reading for Daily is 86 pips. for H4 ATR is 30 pips. Your stoploss would be at least 1.5 - 2 times ATR. Minimum 129 daily to 45 pips on H4 (0.6326)
Trading on H4 would obviously be less risky than D1, as you could take profits early or close the trade quickly if new informmation came in. like a news event.
Using a higher TF for set-up & a lower one for entry, [edit: first day drawdown ( wednesday) depending on what time you entered, and thursday before
price turned around in your desired direction.]
Your Entry on Candle 1, meant you were in a drawdown for the whole of the next day around 78 pips, what was your stoploss ?
It never gets easier, you just get better
- #7,164
- Mar 24, 2023 6:59am Mar 24, 2023 6:59am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} What secret sauce have you been drinking, or do you have a banker mate??
Mark ... Everything you have been told is a LIE
- #7,167
- Mar 24, 2023 10:47am Mar 24, 2023 10:47am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #7,168
- Mar 24, 2023 3:55pm Mar 24, 2023 3:55pm
- Joined Dec 2018 | Status: Trader | 4,598 Posts
@Pete - long live horizontal lines and Zeppelins
Was also a great day and a half on the GJ yesterday, as well, literally,
and all clear analysis on the charts (trading both directions), station to station.
Was a wonderful end to the week.
cheers handy
.
- #7,169
- Mar 24, 2023 5:27pm Mar 24, 2023 5:27pm
- Joined Apr 2015 | Status: Trader | 1,067 Posts
GU end of week
enjoy the weekend.
cheers,
enjoy the weekend.
cheers,
"the public is not yet ready for it" W.D. GANN
- #7,170
- Mar 24, 2023 9:39pm Mar 24, 2023 9:39pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #7,171
- Mar 24, 2023 9:44pm Mar 24, 2023 9:44pm
- Joined Aug 2007 | Status: Trader | 3,207 Posts
Master your Mind,,,Master the Market
- #7,172
- Mar 24, 2023 9:49pm Mar 24, 2023 9:49pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} I take a few days break from here and the zookeeper has let the place run wild in some areas of this zoo LOL
Mark ... Everything you have been told is a LIE
- #7,173
- Mar 24, 2023 10:01pm Mar 24, 2023 10:01pm
- Joined Dec 2018 | Status: Trader | 4,598 Posts
Ya gotta laugh sometimes guys.
Not only do we/I wish to be a TRADER.
But in some circles we/I have to be a 'certain' style of Trader. Crikey.
Such is the musical world we live in.
They're good enough guys I reckon still, while they just take themselves (and their IDEAS lolol) a wee bit too seriously for mine
Schoolteacher wants student to be just like schoolteacher maybe
Not only do we/I wish to be a TRADER.
But in some circles we/I have to be a 'certain' style of Trader. Crikey.
Such is the musical world we live in.
They're good enough guys I reckon still, while they just take themselves (and their IDEAS lolol) a wee bit too seriously for mine
Schoolteacher wants student to be just like schoolteacher maybe
- #7,174
- Mar 24, 2023 10:10pm Mar 24, 2023 10:10pm
- Joined Aug 2007 | Status: Trader | 3,207 Posts
Well to anyone that knows anything about repainting Zigzag or like indis ..they keep on repainting
the last swing points... Why would someone just not learn what a swing high or low is ?
What a LH LL or HL HH is .....Ive put up videos here to help... Cameron Bensons on market
structure is a must see...
Id highly recommend the Bank level boys watch it so they can toss their
repainting indis out.....When you look at a chart with zigzags see 2 missed trades then the 3rd one pops..
Why is that?? well its because the Zigzag called the last 2 lows as the Swing low when they werent lol...
TALK ABOUT FALSE AND MISLEADING TA....THE GUY USES REPAINTING indis !!!!! HAHA WOW WOW WOW
You just cant make that stuff up...Its as clear as a clear blue sky lol...Why do folks swallow the secret sauce
bullshit LOL.....
Anyways heres a couple 100% TA driven trades today in NY one GJ for 52 pips ..No 4hr intent BS needed....
And one gold for $5.....zero 4hr magical Bankers intent harmed in this either....
Lucky mmmm nope...When I was trading with George the Frankie and London open I averaged every single day
120+ pips...every single night...4-5 days a week month in and month out... I dont say this to brag and I dont even like
bringing it up ..But cmon guys dont put limits on yourselves because some YOYO says it cant be done....
With the trend and countertrend... Watch Tom Hougaard hes a master of it... YOu cant get attached to BIAS or OUTCOME
The markets dont give 2 rips about your bias or expected outcomes it will run you over like a freight train..
That you need intent..that you need bankers levels...that TA is useless..thats all 100% BS pure and simple. GEESH
Amazes me the ignorance of some.... George was so right you have to be boundless in your thinking not closed
minded that you have to use such and such to be successful...all hogwash lol SMH haha.....
OK enough drivel....a couple of charts 100% TA used no fundies no news nothing but TA applied to 5m charts used on both trades.
All the best
Blue
the last swing points... Why would someone just not learn what a swing high or low is ?
What a LH LL or HL HH is .....Ive put up videos here to help... Cameron Bensons on market
structure is a must see...
Id highly recommend the Bank level boys watch it so they can toss their
repainting indis out.....When you look at a chart with zigzags see 2 missed trades then the 3rd one pops..
Why is that?? well its because the Zigzag called the last 2 lows as the Swing low when they werent lol...
TALK ABOUT FALSE AND MISLEADING TA....THE GUY USES REPAINTING indis !!!!! HAHA WOW WOW WOW
You just cant make that stuff up...Its as clear as a clear blue sky lol...Why do folks swallow the secret sauce
bullshit LOL.....
Anyways heres a couple 100% TA driven trades today in NY one GJ for 52 pips ..No 4hr intent BS needed....
And one gold for $5.....zero 4hr magical Bankers intent harmed in this either....
Lucky mmmm nope...When I was trading with George the Frankie and London open I averaged every single day
120+ pips...every single night...4-5 days a week month in and month out... I dont say this to brag and I dont even like
bringing it up ..But cmon guys dont put limits on yourselves because some YOYO says it cant be done....
With the trend and countertrend... Watch Tom Hougaard hes a master of it... YOu cant get attached to BIAS or OUTCOME
The markets dont give 2 rips about your bias or expected outcomes it will run you over like a freight train..
That you need intent..that you need bankers levels...that TA is useless..thats all 100% BS pure and simple. GEESH
Amazes me the ignorance of some.... George was so right you have to be boundless in your thinking not closed
minded that you have to use such and such to be successful...all hogwash lol SMH haha.....
OK enough drivel....a couple of charts 100% TA used no fundies no news nothing but TA applied to 5m charts used on both trades.
All the best
Blue
Master your Mind,,,Master the Market
- #7,176
- Mar 25, 2023 2:35am Mar 25, 2023 2:35am
- Joined Nov 2020 | Status: Trader | 2,634 Posts
George was so right you have to be boundless in your thinking
IMHO he was saying that the market was driven by Algo!!!The thread has gone totally wrong way!There're people trying to solve the cryptic messages for years literally years, but unsuccessful, so they're not capable???
- #7,177
- Mar 25, 2023 7:12am Mar 25, 2023 7:12am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
It never gets easier, you just get better
- #7,178
- Mar 25, 2023 8:37am Mar 25, 2023 8:37am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
It never gets easier, you just get better
- #7,179
- Edited 9:29am Mar 25, 2023 9:03am | Edited 9:29am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
Well to anyone that knows anything about repainting Zigzag or like indis ..they keep on repainting the last swing points... Why would someone just not learn what a swing high or low is ? What a LH LL or HL HH is .....
That you need intent..that you need bankers levels...that TA is useless..thats all 100% BS pure and simple. GEESH Amazes me the ignorance of some....
Here on this thread, somehow he dropped his guard and actually posted his charts with explanations, which was a very good start, and we all thanked him
for that.
However, very soon the old BW character came back, Is he 2 different people ? Jekyll & Hyde I wonder ?
Of course, once he exposed his methods, it was plain to see except to his disciples, that it was at best a 50/50 method - basically a coin toss would
do no better.
He opened his own thread, again with encouragement from this thread, to expand on his ideas and start to post some charts - Backfired big time.
To keep going on about Bankers Intent, it is to lure unsuspecting people into a frenzied following, craving for more knowledge from the "master" and
unquestioning blind belief system. Maybe these followers to be drawn later into another site to commercialise this.
Every newbie trader loves to hear the words " You have been lied to all this time, ditch all the faulty tools you have been using, only I have
the magic sauce and will teach you exclusively for $99 per month".
"All my indicators, that you see, are no ordinary indicators, as you all know I detest indicators. But these are designed by NASA engineers using very
latest sophisticated super computers that can beat all Bank Algos that are designed to destroy the average TA traders accounts."
"I will ban anyone & everyone that disagrees with me now, because frankly, I couldn't until now."
This is not a personal attack, just to point out some inconsistencies with your claims that TA is faulty. What do you call your system ?
"TA without using TA" ?
It never gets easier, you just get better
- #7,180
- Mar 25, 2023 9:13am Mar 25, 2023 9:13am
- Joined Nov 2020 | Status: Trader | 2,634 Posts
Yes, I have that magic dust.Common sense
How many people is around searching for working strategy. If it really works, it should work with everybody. Only cryptic messages and Youtube