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Price is everything

  • #31,361
  • Oct 18, 2022 7:23am Oct 18, 2022 7:23am
Quoting AbdullahBin
{quote} On the other hand, you can add supply & demand zones to identify the market flows! But surely, PA is such a powerful trading system!
yeah PA is everything i love it
  • #31,362
  • Oct 20, 2022 3:24am Oct 20, 2022 3:24am
Price action is basically analysis based on intuition which is weak approach. There are numerous interpretations of price behavior (some will see reversal, other will see a pullback inside a trend) and there is no way to say which one is better. In the long-run the frequency of correct guesses will converge to 50% which means it's not better that clicking buy and sell randomly.
  • #31,363
  • Oct 20, 2022 10:26am Oct 20, 2022 10:26am
Quoting pizd0s
Price action is basically analysis based on intuition which is weak approach. There are numerous interpretations of price behavior (some will see reversal, other will see a pullback inside a trend) and there is no way to say which one is better. In the long-run the frequency of correct guesses will converge to 50% which means it's not better that clicking buy and sell randomly.
But Redsword11 showed this which is better with confirmation
  • #31,364
  • Oct 20, 2022 10:47am Oct 20, 2022 10:47am
I got this error " not enogh money"! How do you calculate? How much should I have money to open position with a certain lot?
  • #31,365
  • Nov 3, 2022 11:25pm Nov 3, 2022 11:25pm
Quoting comix1379
{quote} yeah PA is everything i love it
Absolutely, but we can’t avoid the important supply/demand zones since, the market respects this types of zones so keenly! I actually, decide the trend of market based on the reaction on these types of zone!
  • #31,366
  • Nov 4, 2022 5:29am Nov 4, 2022 5:29am
Quoting Pavelion
I got this error " not enogh money"! How do you calculate? How much should I have money to open position with a certain lot?

What’s your trading equity & leverage size? Then we can answer on it! Trading lot type is also important (standard or micro type lot)!
  • #31,367
  • Feb 11, 2023 12:50pm Feb 11, 2023 12:50pm
I wish the forum was alive
  • #31,368
  • Feb 13, 2023 11:25pm Feb 13, 2023 11:25pm
Price is important because the market moves depending on the price. Both technical and fundamental analyses are preferred for catching the changing price. The better you can predict the price, you more you can earn profit.
  • #31,369
  • Feb 13, 2023 11:40pm Feb 13, 2023 11:40pm
Quoting Maximilian80
Price is important because the market moves depending on the price. Both technical and fundamental analyses are preferred for catching the changing price. The better you can predict the price, you more you can earn profit.
There is no market without price. It is the market. The only way to catch changing price is with eyes or opinions. We get it right and we get it wrong. Prediction is not possible, but anticipation and probabilities are with eyes and opinions possible?
  • #31,370
  • Feb 14, 2023 10:02am Feb 14, 2023 10:02am
Quoting FocusWinReal
{quote} There is no market without price. It is the market. The only way to catch changing price is with eyes or opinions. We get it right and we get it wrong. Prediction is not possible, but anticipation and probabilities are with eyes and opinions possible?
I agree with you, we can check the possibilities with our eyes, just like redsword11
did
We do not need to read the news
I wish redsword11itself or at least the strong members of this forum would continue
  • #31,371
  • May 6, 2023 7:29pm May 6, 2023 7:29pm
After all these years it is nice to see some activity here. I spent a lot of time learning from Red and the principles have not changed over the years. I trade stock market now. Here is a recent trade with S&D.
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RELEASE
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,372
  • May 14, 2023 3:57pm May 14, 2023 3:57pm
I have been trading both directions in this market, lately it has been tough to get one with extended gains. Closed at resistance.

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Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,373
  • May 15, 2023 1:23am May 15, 2023 1:23am
Quoting Rufus
After all these years it is nice to see some activity here. I spent a lot of time learning from Red and the principles have not changed over the years. I trade stock market now. Here is a recent trade with S&D. {image} RELEASE
Hello, welcome back
I wish redsword11 tyoon, emene orbital and.... being online like you,I miss not having orbital nerves even though I started this forum in 2022 I missed the golden days of 2011 because I was 11 years old and no trading love
just base of 1 day time frame you trade that pattern ? i can undrestand from 1day time frame just for more idea i want to know
thank you
  • #31,374
  • May 15, 2023 2:21pm May 15, 2023 2:21pm
Thank you redsword11..
  • #31,375
  • May 17, 2023 8:55pm May 17, 2023 8:55pm
Quoting Yeng11
Thank you redsword11..
So much I hope he is alive
Maybe we will see him again not for strategy just for him ...

traders help traders
  • #31,376
  • May 22, 2023 9:28am May 22, 2023 9:28am
I think price is not everything, price is only the result.
For example, you can see every quote very clearly, but as a retail trader you can't know what's behind the quote.
I think it is this information gap that puts traders at an absolute disadvantage.
Search Trademirror on mql5.com to get my mt4/mt5 trade copier
  • #31,377
  • May 29, 2023 5:55pm May 29, 2023 5:55pm
Quoting comix1379
{quote} Hello, welcome back I wish redsword11 tyoon, emene orbital and.... being online like you,I miss not having orbital nerves even though I started this forum in 2022 I missed the golden days of 2011 because I was 11 years old and no trading love just base of 1 day time frame you trade that pattern ? i can undrestand from 1day time frame just for more idea i want to know thank you
99% of my trading is on the Daily chart. Once in a while i have time in the mornings to scalp the S&P with options. Still the same patterns using price action to enter and leave the marker. Use 5m fir this. I like the unencumbered simplicity of the daily time frame. One key is to not be checking positions all day long. I will check them in the mornings and if I can just before market close to adjust stops.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,378
  • May 31, 2023 7:07am May 31, 2023 7:07am
Quoting Rufus
{quote} 99% of my trading is on the Daily chart. Once in a while i have time in the mornings to scalp the S&P with options. Still the same patterns using price action to enter and leave the marker. Use 5m fir this. I like the unencumbered simplicity of the daily time frame. One key is to not be checking positions all day long. I will check them in the mornings and if I can just before market close to adjust stops.
Patience is very difficult in daily timeframe
Do you do other things for psychology?
  • #31,379
  • Jun 3, 2023 11:38am Jun 3, 2023 11:38am
Quoting comix1379
{quote} Patience is very difficult in daily timeframe Do you do other things for psychology?
The problem here is that what works for me in psychology may not work for others. One key for me while trading the daily charts is to not start fussing with the lower time frames. To use an example, if you had 15% return over the course of a year with 10% volatility the probability of making money over the course of a year is 93%. If a trader spent all his time looking at various timeframes the pain of seeing a potential loss becomes greater. With the same return and volatility as above, if you checked your chart every hour you have a 51.3% chance of seeing it be profitable: every second 50.02%. Then the pain of loss is estimated by some to be 2.5 times greater than the pleasure derived from gain. This will lead to an emotional deficit. From these numbers you can see how this emotional deficit can lead to a lot of poor decisions. A trader needs to find the balance they need with what timeframe they trade. Our psychology has a lot of moving parts that need to all be working together.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #31,380
  • Jun 4, 2023 10:54pm Jun 4, 2023 10:54pm
Quoting Rufus
{quote} The problem here is that what works for me in psychology may not work for others. One key for me while trading the daily charts is to not start fussing with the lower time frames. To use an example, if you had 15% return over the course of a year with 10% volatility the probability of making money over the course of a year is 93%. If a trader spent all his time looking at various timeframes the pain of seeing a potential loss becomes greater. With the same return and volatility as above, if you checked your chart every hour you have a 51.3%...
I did not pay attention to this model, it was very interesting thank you dear friend
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