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Tease Me more @cpfleger

  • #2,161
  • Nov 6, 2023 4:20am Nov 6, 2023 4:20am
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  • #2,162
  • Nov 6, 2023 5:26am Nov 6, 2023 5:26am
This last hour and a half was terrible, 8 losses in a row
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  • #2,163
  • Nov 6, 2023 5:34am Nov 6, 2023 5:34am
Added another position today
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  • #2,164
  • Nov 6, 2023 6:20am Nov 6, 2023 6:20am
Quoting javipenjamo
This last hour and a half was terrible, 8 losses in a row {image}
I Think it is not good idea to trade whole day.
European traders are thinking where to have lunch today and American traders are sleeping jet.
It is much better to wait for US preopen and market open to trade. New money = volatility.
  • #2,165
  • Nov 6, 2023 6:44am Nov 6, 2023 6:44am
RISK
Opinions required.
Is the Forex Market a risk ?
Is the Retail Trader the risk ?
Await your replies.
cpfleger
  • #2,166
  • Edited 7:23am Nov 6, 2023 7:04am | Edited 7:23am
Quoting cpfleger
RISK Opinions required. Is the Forex Market a risk ? Is the Retail Trader the risk ? Await your replies. cpfleger
Is the Forex Market a risk ?
Yes, no risk no gain.
Is the retail trader the risk ?
Yes, because we a emosional.
xinitial.
  • #2,167
  • Nov 6, 2023 7:05am Nov 6, 2023 7:05am
Simple, clean and sexy.
Thank you @cpfleger.
xinitial.
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  • #2,168
  • Nov 6, 2023 7:28am Nov 6, 2023 7:28am
Quoting cpfleger
RISK Opinions required. Is the Forex Market a risk ? Is the Retail Trader the risk ? Await your replies. cpfleger
Is the Forex Market a risk ? Sure, no pain no gain , no risk no gain.

Is the Retail Trader the risk ? Absolutely, emotion are a risk for a trader
  • #2,169
  • Nov 6, 2023 7:29am Nov 6, 2023 7:29am
xinitial,
Yes and a few old words of wisdom that are still applicable with the Power of 2's...
Rules
1) Open a trade on a 1 wicked candle
2) Use the 3 Candle theory especially on lower TF's - exit with a smile
3) Zoom inwards and watch those lovely Wicks - do NOT try and maximize each trade - be happy with 80% or better of profitability
4) Be consistent with each Trade
5) Use the Arrow as the stop loss area - do NOT move or change - be reliable

Once mastered, you will enjoy your trading business because YOU are the risk to trading - NOT the Market.
cpfleger
  • #2,170
  • Nov 6, 2023 7:42am Nov 6, 2023 7:42am
Food For Thought

RISK
How does the Forex Market become a risk ? It's not a risk UNTIL a Human enters the Marketplace as a Trader. The Forex Market does nothing but collect data from outside sources called Traders. A database of human decisions. The Market has no heartbeat, no duties, no responsibilities and it does not have any real value. No risk.

Is the Trader a Risk ? Yes, why - because he / she has to have awareness, education, a trading platform, a trading system, a lot size, a decision point, a computer, internet, psychological effects, enter point, an exit point and all of these elements make up the word - RISK(s).
  • #2,171
  • Nov 6, 2023 7:43am Nov 6, 2023 7:43am
Quoting cpfleger
xinitial, Yes and a few old words of wisdom that are still applicable with the Power of 2's... Rules 1) Open a trade on a 1 wicked candle 2) Use the 3 Candle theory especially on lower TF's - exit with a smile 3) Zoom inwards and watch those lovely Wicks - do NOT try and maximize each trade - be happy with 80% or better of profitability 4) Be consistent with each Trade 5) Use the Arrow as the stop loss area - do NOT move or change - be reliable Once mastered, you will enjoy your trading business because YOU are the risk to trading - NOT the Market....
What is a wicked candle?
and wich is the 3 candle theory?
  • #2,172
  • Nov 6, 2023 7:55am Nov 6, 2023 7:55am
lukgoku,

Candles have 4 elements of data - high, low, open and closed. The candle makes up two parts - Body and Wick(s)
The high is the furthest upwards distance the candle travels usually a Wick but could be the Body (rare but does happen).
The low is the furthest downwards distance of the candle travels usually a Wick but could be the Body (rare but does happen).
A Candle opens, makes its high and low and then closes within the defined Timeframe (TF).

A double wicked candle is an INDECISION candle stating the buyers and sellers did not show domination or control the candle direction and usually has a small Body but two wicks (high and low). A one wicked candle is a dominated or in control candle by either the buyers or sellers. Usually, the one wick is on the opposite side of the candle - buying candle will have the wick on the top (high) side of the candle and the opposite for selling candle.

When there are three one wicked candles in a row, this is telling the Trader that momentum (Money / Volume) has flowed within these candles and are the greatest odds in making money by the Trader due to a higher volume of other traders buying this Instrument. So, we open on the first one wicked candle, place our stop loss and wait for the Market to continue over the next two candles and close the trade on the third candle with assurance of a good profitable trade.
cpfleger
  • #2,173
  • Nov 6, 2023 8:04am Nov 6, 2023 8:04am
Quoting cpfleger
lukgoku, Candles have 4 elements of data - high, low, open and closed. The candle makes up two parts - Body and Wick(s) The high is the furthest upwards distance the candle travels usually a Wick but could be the Body (rare but does happen). The low is the furthest downwards distance of the candle travels usually a Wick but could be the Body (rare but does happen). A Candle opens, makes its high and low and then closes within the defined Timeframe (TF). A double wicked candle is an INDECISION candle stating the buyers and sellers did not show domination...
Very clear, thanks!
  • #2,174
  • Nov 6, 2023 8:08am Nov 6, 2023 8:08am
Quoting Kraneos
{quote} Javi, M1 castiga más que otras temporalidades y tú lo sabes, y veo en tus 8 operaciones que: Operas contra SR. Abre algunas operaciones tarde. No cierras la operación cuando el sistema te lo indica, aunque ganes menos. Anímate, muy pronto mejorarás mucho practicando y sin darte cuenta.
I do not operate against sr, it is configured at 24 and as soon as there is an lh or an hl it already draws an sr
The operation opens after an arrow and a half of the same color and closes on the opposite color candle. Each operation, except for one, opened and closed on time. The observation is that this way of operating is well in trend, but the ranges suffer. Make modifications
  • #2,175
  • Nov 6, 2023 8:10am Nov 6, 2023 8:10am
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  • #2,176
  • Nov 6, 2023 8:25am Nov 6, 2023 8:25am
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  • #2,177
  • Nov 6, 2023 8:28am Nov 6, 2023 8:28am
javipenjamo,
The SR Indicator Value (24) is based on the 15 Minute TF only.
When you go to a higher TF, then this Value should change to a higher value to ensure compatibility of this Indicator.
Most of the reviewers use 1 to 15M TF's and this value is acceptable within these TF's.
cpfleger
  • #2,178
  • Nov 6, 2023 8:58am Nov 6, 2023 8:58am
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  • #2,179
  • Nov 6, 2023 9:47am Nov 6, 2023 9:47am
Third position
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  • #2,180
  • Nov 6, 2023 9:52am Nov 6, 2023 9:52am
another
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