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How to read the market

  • #161
  • Mar 27, 2024 8:02pm Mar 27, 2024 8:02pm
Quoting OutThere
{quote} I don't need SL. That is why. There are a ton of other things I don't have a use for in life as well that others can't live without. Sent you clarification already. Is your PM broken? lol "Meanwhile fearful thinking OutThere is still hoping for a miracle 1 hour later." Just that statement alone shows you are on a different planet than I.
Hi OutThere

Looked at your private message and yours results look good, excellent work.

Last time I looked I was on planet Earth so I thing we are breathing the same pollution crap air as well.

I once traded a “NO stop” strategy and turned 3K into 44k in about 6 weeks then the unthinkable happen.
I had my EA open when the Asia Flash occurred one January morning and I lost the account in 5 minutes.
Hopefully you have a strategy that’s not effected by flash crashes like my one was.

Trade well ( still give my example a go if you ever want to trade 10 lots or more )
Trading thin liquidity at the boundary of the charts
  • #162
  • Edited 9:38pm Mar 27, 2024 8:09pm | Edited 9:38pm
Quoting RickM
{quote} Hi OutThere Looked at your private message and yours results look good, excellent work. Last time I looked I was on planet Earth so I thing we are breathing the same pollution crap air as well. I once traded a “NO stop” strategy and turned 3K into 44k in about 6 weeks then the unthinkable happen. I had my EA open when the Asia Flash occurred one January morning and I lost the account in 5 minutes. Hopefully you have a strategy that’s not effected by flash crashes like my one was. Trade well ( still give my example a go if you ever want to...
Thanks.

Stubbornness pays off sometimes.

As you say, it's the mindset, the strategy is secondary
  • #163
  • Mar 27, 2024 9:31pm Mar 27, 2024 9:31pm
Quoting zalzil123
I hope everything is clear now.
these bring me to my past experiences with the ICT concepts.
do they have anything to do with it?

like the mn, w1, d1 high low where liquidity sweeps may happen.
like the many up and down touches of wicks for possible support resistant flip.
like the equilibrium where one look for possible short above premium fib 50 and possible long below discount fib 50.
the chart below is not adjusted to whole number.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #164
  • Mar 27, 2024 9:43pm Mar 27, 2024 9:43pm
Quoting RickM
{quote} Hi Moneymaker If I gave 100 traders a profitable strategy, why is it only 10% of them become profitable. If you gave away your system to 100 traders, how many of them do you think would become profitable. Very few if any. Therefore it’s not the strategy that matters, it’s you. PS. I used to be a stupid monkey, now I am free to spend that time with people I love. PS. You actually can be any person you want to be. I was told after getting my girl friend pregnant and getting married at 21 I would always be living week by week for the rest of...





Bang on Rick.... Strategies abound..Its what you do once in a trade as you say... Fearful and pull the plug to early..
Or aggressive and Add.. It all boils down to mindset...

The Turtle traders and Richard Dennis are a perfect example....
You could publish your absolute best setups/methodology and most will fail and a few succeed.... Has always been that way....

Great pic!
Wishing you all the best

Blue
Master your Mind,,,Master the Market
  • #165
  • Mar 27, 2024 10:38pm Mar 27, 2024 10:38pm
Reading the market involves understanding various factors that influence supply and demand dynamics, price movements, and trends within a particular market. Here's a general guide on how to read the market effectively:
  • #166
  • Edited 11:19pm Mar 27, 2024 11:01pm | Edited 11:19pm
Someone mentioned gold in the comments

I know I made a mistake as I was in a hurry

Well gold just hit the high of the week

Today Thursday @ 06:00 GMT London Time


Try to figure out what's so special about the 2200 zone level

Enjoy your trades
  • #167
  • Mar 27, 2024 11:41pm Mar 27, 2024 11:41pm
Hey guys

I always feel bad after dissing SL.
It is really dangerous to trade without SL. Trust me.
It's downright scary and full of well...annihilation at many a step.

I really mean it btw.
  • #168
  • Mar 28, 2024 12:00am Mar 28, 2024 12:00am
Quoting zalzil123
If everything is clear about USDJPY I would like to jump to the DJ30 So give me some time to start the analysis
no, USDJPY is not clear at all...you said that USDJPY touched the high of the day, but subsequently that "high of the day" was taken not once, but twice during the same day...so my question is: how many highs of the day could be in a day?

I think with a lot of work and efforts, you could become a successful scammer one day...but for now you are so far away, you will only catch small fish...yeah, it will be difficult, because you have a strong competition as well, but don't give up...

PS what part of UK you live in: Africa, Asia?
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #169
  • Mar 28, 2024 12:07am Mar 28, 2024 12:07am
Quoting RickM
{quote} Hi Moneymaker If I gave 100 traders a profitable strategy, why is it only 10% of them become profitable. If you gave away your system to 100 traders, how many of them do you think would become profitable. Very few if any. Therefore it’s not the strategy that matters, it’s you. PS. I used to be a stupid monkey, now I am free to spend that time with people I love. PS. You actually can be any person you want to be. I was told after getting my girl friend pregnant and getting married at 21 I would always be living week by week for the rest of...
well done, Rick
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #170
  • Mar 28, 2024 12:19am Mar 28, 2024 12:19am
I live in London UK

What's not clear about UsdJpy

High and low of the month already formed

Did anyone took Gold trade ?
  • #171
  • Mar 28, 2024 12:25am Mar 28, 2024 12:25am
Check the 1 hour chart
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  • #172
  • Mar 28, 2024 12:30am Mar 28, 2024 12:30am
Quoting RickM
{quote} Trade well ( still give my example a go if you ever want to trade 10 lots or more )
I was just thinking...

.01 to .1 to 1 to 10lots...

That's only 4 levels.
  • #173
  • Mar 28, 2024 12:32am Mar 28, 2024 12:32am
bfx17

Hope everything is clear about UsdJpy

This is for you

Wednesday which is yesterday formed the high and low

Of the day and the week for Usdjpy.
  • #174
  • Mar 28, 2024 12:43am Mar 28, 2024 12:43am
If you like this thread

I would like to move to FACT NO3

Which will blow everyone's mind

Waiting for your comments.
  • #175
  • Mar 28, 2024 1:16am Mar 28, 2024 1:16am
Highs and Lows are like high voltage cables

Any touch even by mistake you will be thrown meters away

The same applies here.

Still waiting for your comments
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  • #176
  • Edited 2:22am Mar 28, 2024 1:23am | Edited 2:22am
Quoting zalzil123
bfx17 Hope everything is clear about UsdJpy This is for you Wednesday which is yesterday formed the high and low Of the day and the week for Usdjpy.
no, but it doesn't matter anymore...however, since you were so nice and replied, let me offer in exchange some good threads which could help you to accomplish your goal:

Jacko's Forex House of Pleasure and Pain | Forex Factory - inactive
james16 Chart Thread | Forex Factory - inactive
"AUSSI" my thread and anything I want to put here | Metals Mine - active

all the above threads are started by real professionals in your field...so read them carefully, understand the tactics, learn how to set up the bait and come back in 1 year or 2, preferably with a different username.

EDIT: for those he didn't get it, I am NOT recommending those threads...in fact, stay away from them...I just suggested to zalzil123 to learn from them if he wants to become a really could scammer, because his current scamming level is just basic.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #177
  • Mar 28, 2024 2:07am Mar 28, 2024 2:07am
Quoting bfx17
{quote} no, but it doesn't matter anymore...however, since you were so nice and replied, let me offer in exchange some good threads which could help you to accomplish your goal: Jacko's Forex House of Pleasure and Pain | Forex Factory - inactive james16 Chart Thread | Forex ~!actory - inactive "AUSSI"...
what! you recommend Jacko?
he lost others' money and he disappeared into thin air with others' money.
should have read the thread more thoroughly.
he got the pleasure, others got the pain.
ITB - Seeing Orderliness amongst 'Randomness'
  • #178
  • Mar 28, 2024 2:17am Mar 28, 2024 2:17am
Quoting Inthebox
{quote} what! you recommend Jacko? he lost others' money and he disappeared into thin air with others' money. should have read the thread more thoroughly.
I was just being sarcastic (facepalm)...don't you see it? so you think that the other 2 threads listed are legit and only Jacko's is a scam? (facepalm)

I'll edit that post to make it obvious...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #179
  • Mar 28, 2024 2:20am Mar 28, 2024 2:20am
Quoting bfx17
{quote} I was just being sarcastic (facepalm)...don't you see it? so you think that the other 2 threads listed are legit and only Jacko's is a scam? (facepalm) I'll edit that post to make it obvious...
then you say it outright.
there are new traders reading and will be misled
ITB - Seeing Orderliness amongst 'Randomness'
  • #180
  • Mar 28, 2024 2:23am Mar 28, 2024 2:23am
The problem here is talk is very cheap everyone can talk for months.

But give me anyone who tells you at this hour or at this minute we are having a reversal

Of course no one.

I'm showing everyone live trades also I don't talk boxes or areas

I talk exact specific levels.

Ok this is a challenge for everyone

What's tomorrow's bitcoin high and low

Or next week gold high and low

Or next month oil high and low.

No one dares to open his mouth .

The reason you are orbiting in different galaxy

How did I mention the gold high of the week today few hours ago

This is for bfx17?

if you could give us the low of the day for gold

I want everyone to wait for his answer .
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