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  • #764,521
  • Aug 5, 2023 10:48am Aug 5, 2023 10:48am
Quoting thevisitor
I personally appreciate every trader. Unfortunately, Moty's trading is not evolving. He's constantly changing his strategy. It's been going on for years now. At some point you have to admit: I can't do it! Sorry
I'm of the same thought, however I think he really enjoys searching for the "holy grail", as they say..." the journey can be better than arriving at the destination"...
  • #764,522
  • Aug 5, 2023 10:55am Aug 5, 2023 10:55am
Quoting Waveskierrob
{quote} ...and out of that list of 18 only Moty came out noble ...No worries...
and of course in your profile i saw your "Favorite Trading Quote"

I am not sure why you guys from UK have this proverb. Other countries dont have this proverb. Is this royal British tradition?
  • #764,523
  • Aug 5, 2023 10:59am Aug 5, 2023 10:59am
So called holy grail you are talking about Wave is money management. It has always been money management. Yet, noone talks about that. Everyone talks about entries however and where did that lead them? No money management, no strategy to follow... no success. No matter how good your system is you will fail and keep failing. I wouldn't be saying this if that one wasn't me. I went through all this shit myself and drained my account. Should I trade this or perhaps this or perhaps on this TF, well maybe this TF. Hmm, perhaps I should use this lot size or maybe this lot size....this shit got me nowhere. How can one expect to be consistently profitable without being consistent and without having consistent money management and strategy? One simply can't!

I didn't name my Journal "Last Journal" for no reason. This time I am sticking to proven to be good money management of risking 2% per trade, following the same strategy for every trade I make. It's named the Last Journal because if I fail to be profitable with sound money management and while sticking to the same strategy, then I will give up on trading FX. After 6 months I will either start calling prop firms or stop trading entirely.
  • #764,524
  • Aug 5, 2023 11:03am Aug 5, 2023 11:03am
Quoting genadi
{quote} and of course in your profile i saw your "Favorite Trading Quote" I am not sure why you guys from UK have this proverb. Other countries dont have this proverb. Is this royal British tradition?
I've just done my own version...
""A faint heart never won a fair maiden" is an old-fashioned saying used to tell someone that they must make a lot of effort if they want to achieve something difficult12345. The proverb relies on the idea that most beautiful women will not fall in love with someone who is timid or insecure2. It is used to encourage boys or men to be bold in courting women3. The proverb dates back to at least the early 17th century4."
  • #764,525
  • Aug 5, 2023 11:06am Aug 5, 2023 11:06am
Quoting TheWraith
This is informative, but also funny as hell. If you want to have a good laugh watch! Funnyyyyyyyyyyyyyyy!
He sure has changed over the years. Calm to now being hilariously aggressive in his presentation. He has a right to be annoyed with the turd the world had become. To the average group-think participant not yet game to wander from MSM, perhaps he comes across in a shocking way. Quite out there.
Let's see what happens.
  • #764,526
  • Aug 5, 2023 11:35am Aug 5, 2023 11:35am
Quoting Waveskierrob
{quote} I'm of the same thought, however I think he really enjoys searching for the "holy grail", as they say..." the journey can be better than arriving at the destination"...
the only holy grail is you, not what's on the chart.
without patience how can you be a trader?
  • #764,527
  • Aug 5, 2023 11:43am Aug 5, 2023 11:43am
For the cheeseball, clownish cult members of FF who are obsessed with people posting charts to prove they are good at trading. Maybe you've never heard of Rennaissance Technologies. I'm pretty sure that Jim Simmons doesn't use charts in his trade decisions.

Get a grip on yourselves. You are a microscopic bug in the world of trading.

You are nothing.

Renaissance Technologies LLC, also known as RenTech[4] or RenTec,[5] is an American hedge fund based in East Setauket, New York,[6] on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analysis. Their signature Medallion fund is famed for the best record in investing history. Renaissance was founded in 1982 by James Simons, a mathematician who formerly worked as a code breaker during the Cold War.

https://en.wikipedia.org/wiki/Renaissance_Technologies
Trade at your own risk.
  • #764,528
  • Aug 5, 2023 11:51am Aug 5, 2023 11:51am
Quoting Fx3423454
For the cheeseball, clownish cult members of FF who are obsessed with people posting charts to prove they are good at trading. Maybe you've never heard of Rennaissance Technologies. I'm pretty sure that Jim Simmons doesn't use charts in his trade decisions. Get a grip on yourselves. You are a microscopic bug in the world of trading. You are nothing. Renaissance Technologies LLC, also known as RenTech[4] or RenTec,[5]...
Ok calm down a little, why so aggressive, thanks for the links will look into it ...
  • #764,529
  • Aug 5, 2023 1:04pm Aug 5, 2023 1:04pm
im looking for big big big short in the near future of all Usd pairs.
based on dxy...

Next discount level.. or after last weekly high will break
Main target 110!
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  • #764,530
  • Aug 5, 2023 1:09pm Aug 5, 2023 1:09pm
Quoting Whale
im looking for big big big short in the near future of all Usd pairs. based on dxy... Next discount level.. or after last weekly high will break Main target 110! {image}
DXY will more likely break 100 and collapse towards 90 or below, then reach anywhere near 110.
Everyone can see the chart, but only a few can actually read it.
  • #764,531
  • Aug 5, 2023 1:32pm Aug 5, 2023 1:32pm
Quoting OnlineAddict
{quote} DXY will more likely break 100 and collapse towards 90 or below, then reach anywhere near 110.
more likely according to...?
  • #764,532
  • Aug 5, 2023 1:42pm Aug 5, 2023 1:42pm
my grid system performed well this week, I traded several pairs.
could be better, but that's it. I hope it goes at least as well next week.
  • #764,533
  • Edited 5:10pm Aug 5, 2023 2:43pm | Edited 5:10pm
Quoting Pat Chiko
{quote} Thanks Tony for your sincere and "real time" opinion. I appreciate your view and we can learn to be a better trader . Don't worry so much about not getting it perfect, as "real time " trader . we have nothing to hide and image to maintain. Take careand have a good rest. PAT{image}
A very interesting post from someone who got busted lying on this thread, pretending to be a presenter at a forum that didn’t exist, posting “his” presentation that he found on the internet. And, pretending to be an aid worker of sorts, helping to build communities, by posting images of works done by other people years ago.
Compulsions can be hard to resist
  • #764,534
  • Aug 5, 2023 2:54pm Aug 5, 2023 2:54pm
Quoting tiborf71
my grid system performed well this week, I traded several pairs. could be better, but that's it. I hope it goes at least as well next week.
Any way you can show the deal map for your trades or an explanation of your system? I'm intrigued.

Cheers,
Scott
  • #764,535
  • Aug 5, 2023 3:08pm Aug 5, 2023 3:08pm
Quoting Scotteyy
{quote} Any way you can show the deal map for your trades or an explanation of your system? I'm intrigued. Cheers, Scott
as I wrote before, this is an average grid system, there is nothing new in it. It should only be used in the right situation.
however, here the analysis of the market is the point, the analysis of the market is only up to you.
  • #764,536
  • Aug 5, 2023 3:23pm Aug 5, 2023 3:23pm
Quoting Whale
{quote} more likely according to...?
Technicals, fundamentals and logic. 110 is over. If 90 breaks, which eventually it will, 80 might be a good long term buy. I will definitely get rid of all my euros and move all money into USD or real estate, once that happens.

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Everyone can see the chart, but only a few can actually read it.
  • #764,537
  • Edited 3:56pm Aug 5, 2023 3:40pm | Edited 3:56pm
https://en.wikipedia.org/wiki/Technical_analysis

General description[edit]
Fundamental analysts examine earnings, dividends, assets, quality, ratios, new products, research and the like. Technicians employ many methods, tools and techniques as well, one of which is the use of charts. Using charts, technical analysts seek to identify price patterns and market trends in financial markets and attempt to exploit those patterns.[10]
Technicians using charts search for archetypal price chart patterns, such as the well-known head and shoulders[11] or double top/bottom reversal patterns, study technical indicators, moving averages and look for forms such as lines of support, resistance, channels and more obscure formations such as flags, pennants, balance days and cup and handle patterns.[12]
Technical analysts also widely use market indicators of many sorts, some of which are mathematical transformations of price, often including up and down volume, advance/decline data and other inputs. These indicators are used to help assess whether an asset is trending, and if it is, the probability of its direction and of continuation. Technicians also look for relationships between price/volume indices and market indicators. Examples include the moving average, relative strength index and MACD. Other avenues of study include correlations between changes in Options (implied volatility) and put/call ratios with price. Also important are sentiment indicators such as Put/Call ratios, bull/bear ratios, short interest, Implied Volatility, etc.
There are many techniques in technical analysis. Adherents of different techniques (for example Candlestick analysis, the oldest form of technical analysis developed by a Japanese grain trader; Harmonics; Dow theory; and Elliott wave theory) may ignore the other approaches, yet many traders combine elements from more than one technique. Some technical analysts use subjective judgment to decide which pattern(s) a particular instrument reflects at a given time and what the interpretation of that pattern should be. Others employ a strictly mechanical or systematic approach to pattern identification and interpretation......

A core principle of technical analysis is that a market's price reflects all relevant information impacting that market. A technical analyst, therefore, looks at the history of a security or commodity's trading pattern rather than external drivers such as economic, fundamental, and news events. It is believed that price action tends to repeat itself due to the collective, patterned behavior of investors. Hence technical analysis focuses on identifiable price trends and conditions.[16][17]
Prices move in trends[edit]
See also: Market trend
Technical analysts believe that prices trend directionally, i.e., up, down, or sideways (flat) or some combination. The basic definition of a price trend was originally put forward by Dow theory.[10]

Technical analysts believe that investors collectively repeat the behavior of the investors that preceded them. To a technician, the emotions in the market may be irrational, but they exist. Because investor behavior repeats itself so often, technicians believe that recognizable (and predictable) price patterns will develop on a chart.[10] Recognition of these patterns can allow the technician to select trades that have a higher probability of success.[19]
Technical analysis is not limited to charting, but it always considers price trends.[1] For example, many technicians monitor surveys of investor sentiment. These surveys gauge the attitude of market participants, specifically whether they are bearish or bullish. Technicians use these surveys to help determine whether a trend will continue or if a reversal could develop; they are most likely to anticipate a change when the surveys report extreme investor sentiment.[20] Surveys that show overwhelming bullishness, for example, are evidence that an uptrend may reverse; the premise being that if most investors are bullish they have already bought the market (anticipating higher prices). And because most investors are bullish and invested, one assumes that few buyers remain. This leaves more potential sellers than buyers, despite the bullish sentiment. This suggests that prices will trend down, and is an example of contrarian trading.[21]

Those interested in a career as a technical analyst, please visit the website https://cmtassociation.org/chartered-market-technician/ for more information on how to become CMT (Chartered Market Technician).
Always trade your own plan...I don't provide trading signals.
  • #764,538
  • Aug 5, 2023 4:04pm Aug 5, 2023 4:04pm
Quoting Coreg2004
https://en.wikipedia.org/wiki/Technical_analysis General description[edit] Fundamental analysts examine earnings, dividends, assets, quality, ratios, new products, research and the like. Technicians employ many methods, tools and techniques as well, one of which is the use of charts. Using charts, technical analysts seek to identify price patterns and market trends in financial markets...
I can't speak for everyone else in the thread, but I can say that my afternoon is now complete.

Thanks so much.
Trade at your own risk.
  • #764,539
  • Aug 5, 2023 4:14pm Aug 5, 2023 4:14pm
Quoting OnlineAddict
{quote} Technicals, fundamentals and logic. 110 is over. If 90 breaks, which eventually it will, 80 might be a good long term buy. I will definitely get rid of all my euros and move all money into USD or real estate, once that happens. {image}
Trendline on EURUSD not even broken yet on 4H and its overbought.
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Trade at your own risk.
  • #764,540
  • Aug 5, 2023 4:39pm Aug 5, 2023 4:39pm
Quoting palpite
I'll to use the channel M30 for to trade. I used the body and the bottom as reference for to draw the trend lines, maybe it can change, because we not have the bottom higher yet. {image}
entry is when touch of trendline or first closed rejected candle on m1 m5?
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