Going for it | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

buy when starts going up, sell when starts going down 5 replies

Going Platform independent! Going pyhon! 29 replies

euro going up??? 9 replies

Going long term (6 weeks abouts), Short on AUD/USD 1 reply

Where's the dollar going? 3 replies

Attachments: Going for it
Exit Attachments

Going for it

  • #461
  • Dec 15, 2023 10:24pm Dec 15, 2023 10:24pm
Quoting yaed
You enter the trade as a POSSIBILITY that its going to work out nice if you do.
By that i mean you are always guessing, always taking a chance.
You cant act on absolute proof, because there is none to be had.
You are acting on what price did on an earlier date.
You rely on reoccuring habits, patterns.
My signature is: "Classified".
  • #462
  • Jan 4, 2024 9:20am Jan 4, 2024 9:20am
Attached Image (click to enlarge)
Click to Enlarge Name: Super advanced.jpg Size: 283 KB

Thats my SUPER advanced trading setup.
No its not advanced.
Its just E/U.

I remember running a business in 2008-2011.
Talking to the customers, booking the jobs, buying equipment, making invoices. doing the marketing and so forth.
You have to tell the customers what it is you are selling.
What an absolute hassle it was.
Not my style at all.
I cant see how people can stand it all.
It was a load of nonsense most of it.


Currencies is much better.
If its money you want, go where they are.
And cut out all the nonsense.
Attached Image (click to enlarge)
Click to Enlarge Name: statement 20240104.png Size: 22 KB

Time is western european time.
Drawdown is not too nice compared to total profits for today, they are roughly equal.
Return on investment for today is pretty cool, maybe 2.5
7 losses
16 wins
Morning was ROUGH, i had 4 losses in a row. But i kept going.

Anyway, most of my interest is in high and lows on M5.
Thats the central axis on which everything revolves.
Or maybe should revolve.
But when i try to keep it just on M5 and place some S/R eventually i always end up toggling the TF.
So i keep it like this so i dont have to.
And its enough.

I have the same things you do (probably)
No EA.
No team of prorammers.
No billion dollar bank account.
No insider trading info.
No mentor or teacher.
No books to teach me.
No online courses.
No partners.

All i have is the charts, MT4 and my broker.
My signature is: "Classified".
  • #463
  • Jan 5, 2024 3:53am Jan 5, 2024 3:53am
Quoting yaed
Drawdown is not too nice compared to total profits for today, they are roughly equal. Return on investment for today is pretty cool, maybe 2.5
The reason why i mention this is because maybe i wasnt thinking so much about stoploss or take profit and such, but mostly how much i was risking currently on the total and i subconsiously compare this all the time to how much i statisticaly make in a normaly profitable day.

So the sum total of how badly i am doing while im risking my money is a current indication for me telling me how im doing.

And as you will have noticed if you look at the positions you see that sometimes i have 3 open positions.
My signature is: "Classified".
  • #464
  • Edited 5:11am Jan 5, 2024 4:01am | Edited 5:11am
Quoting yaed
No books to teach me. No online courses.
And the reason for that is that i have looked at lots of reputable so called traders and how they trade, read books and what not from people who supposedly made millions and pretty much none of it made any practical sense. By that i mean none made it clear under what circumstances to enter a position and when to exit it. They all give lots of relatively vague advice, none concrete, none practicaly applicable.

And during my first 3-4 years of trading i really tried to learn at least something from various "systems" using various indicators. They where all crap. 100% of them. None would have made any money if you tried to follow the often very vague intstructions. Im not saying that in itself is strange, but its a bit strange why people would say it works when it clearly dont. Though most so called "systems" have so vague instructions that its hard to tell if they would be profitable if put to the test.
My signature is: "Classified".
  • #465
  • Jan 15, 2024 1:44am Jan 15, 2024 1:44am
Attached Image (click to enlarge)
Click to Enlarge Name: is it the 13th time.jpg Size: 376 KB
My signature is: "Classified".
  • #466
  • Edited 6:49am Jan 18, 2024 1:45am | Edited 6:49am
Sacrifice
In modern terms and modern society sacrifice is a difficult subject.
The difficulty lies in how its been sugjugated, misapropriated and subverted as an act.
No pain no gain. To me, and how i mean it when i say it means that without a proper, true sacrifice, there is no way forward.
But that sort of meaning has been misused as to mean that what ever you do and as long as its taking away and removing something from you its a good thing. And thats slavery.
Proper sacrifice is instead a means to transform pain, uncertainty and energy into something else, something new something beautiful and free.

I try to really understand price. The goal is not to make some money for no apparent reason and sometimes loose it for some even less apparent reason. And slowly by degrees that understanding takes place.
Slowly by degrees im decoding what price does, what price is doing.
The goal is not to combine so and so many indicators or analysis in order to arrive at a specific thing thats going to be the condition for a sell or a buy.
I trade every day, and every day there are MULTIPLE occations to trade, EVERY day.
If i cant do that or if i fail its because of me, not because of market conditions.
My signature is: "Classified".
  • #467
  • Edited 7:06am Jan 18, 2024 6:52am | Edited 7:06am
Quoting yaed
Sacrifice In modern terms and modern society sacrifice is a difficult subject. The difficulty lies in how its been sugjugated, misapropriated and subverted as an act. No pain no gain. To me, and how i mean it when i say it means that without a proper, true sacrifice, there is no way forward. But that sort of meaning has been misused as to mean that what ever you do and as long as its taking away and removing something from you its a good thing. And thats slavery. Proper sacrifice is instead a means to transform pain, uncertainty and energy into...
I talked to a friend a few years ago, he is dead now.
He told me he had a few millions trading the indicies.
I asked him how he made it?
He got lucky.
And then he lost it.
I asked him how he lost it?
He got unlucky, and greedy.

Thats not what im trying to do here.
Im talking consistent, statistical, repeatable, forseable effort.
Im talking thousands and thousands of closed positions.
Im talking decades of work and sacrifice.
Im talking of tens of thousands of hours of screen time.

I havent seen anybody attempting it.
I have seen somebody attempting to do something a little bit similar.
Im not trying to create an easy approach to trading.
Im not trying to sell some readily understandable seminars and courses or books.

I am simply going where the data takes me.
Its hard as fuck.
I have thought about giving it up about 100 times.
But im still at it.
Something deep inside me drives me on.
A strange urge to go where the evidence is.
And i have a mission.
This is just a part of it.
It will sort of end when i die, but hopefully i have left enough of pieces to pick up where i left off.

Noone i know understand what im doing.
I have one friend who knows somewhat, and hes been with me on this since 2010.
But its not an operational colaboration.
I dont know one single human on this planet thats doing what im doing.
And i dont know one single human that has insight into what im doing.
And still that only briefly deters me.

I would keep doing this even if i knew i will always be poor.
Because even attempting it is better then the alternative.
My signature is: "Classified".
  • #468
  • Jan 19, 2024 1:57am Jan 19, 2024 1:57am
Quoting yaed
{quote} Im not trying to create an easy approach to trading. Im not trying to sell some readily understandable seminars and courses or books. I am simply going where the data takes me. Its hard as fuck. I have thought about giving it up about 100 times. But im still at it. Something deep inside me drives me on.
By that i mean that i would do something different if the data suggested it. Its not like i want it to be a certain way and i try to fit things into what i want.
Its more like im doing what fits the data. It would be awesome if it was easier or if there was an easier way, but i dont know that there is.
My signature is: "Classified".
  • #469
  • Jan 19, 2024 2:28am Jan 19, 2024 2:28am
Quoting yaed
{quote} And the reason for that is that i have looked at lots of reputable so called traders and how they trade, read books and what not from people who supposedly made millions and pretty much none of it made any practical sense. By that i mean none made it clear under what circumstances to enter a position and when to exit it. They all give lots of relatively vague advice, none concrete, none practicaly applicable. And during my first 3-4 years of trading i really tried to learn at least something from various "systems" using various indicators....
Though most so called "systems" have so vague instructions that its hard to tell if they would be profitable if put to the test.

Try to learn Liquidity, price always draws to it
  • #470
  • Jan 19, 2024 3:53am Jan 19, 2024 3:53am
Quoting T721
{quote} Though most so called "systems" have so vague instructions that its hard to tell if they would be profitable if put to the test.
Yes indeed.
My signature is: "Classified".
  • #471
  • Jan 22, 2024 2:38am Jan 22, 2024 2:38am
The world suggests a course of action.
It is up to us to learn from it.
Water suggests a course of action.
Smoke, fire, stone, bacteria, the wind and so on each suggets a course of action.
And its up to us to make something out of that.


Society, the so called "leaders", world economic forum, the general konsensus suggests a myriad of courses of actions.
And they are all full of shit and if you smack them together they all equal jack shit.

EVERY single day there is opurtunity for trade.
Opurtunity to make millions EVERY day.
ITS RIGHT THERE!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB


Price suggests it.
It is for us to make use of it.

The world is not right or wrong.
Its not good or bad.
It doesnt give a shit!
Its not here to care for us or to murder us, its just here.
Murder or care is up to us.
Humans invent words like "good" and "bad" and "right" and "wrong".
Its not right or wrong for us to trade.
We just do it or we dont.

Society and mass culture started to go off the rails, become unbalanced, become unhinged, go fucking crazy 6.000 years ago!
Since then it has gone even more insane, and insanity has been added to insanity for thousands of years.
Bill Gates and Elon Musk and Claus Schwaub and Donald Trump are all off the hinges.
They are to be ignored completely.
If you want to truth, dont rely on people.
Dont listen to them.
Listen to the wind.
My signature is: "Classified".
  • #472
  • Jan 22, 2024 2:43am Jan 22, 2024 2:43am
Personal identity is a confused post modern lie.
The post modernist idea of a historical, unified self is the description of a slaves broken mind.
My signature is: "Classified".
  • #473
  • Feb 1, 2024 5:26am Feb 1, 2024 5:26am
If i knew 14 years ago how much effort it would take, i probably would not have done it.
I guess its like that with a lot of things we do.
My signature is: "Classified".
  • #474
  • Feb 8, 2024 9:30am Feb 8, 2024 9:30am
A normal win on euro/dollar is roughly 5 pip.
Its kind of like it has s/r zones of 5 pip.
Thats a fact.
It does not matter which chart you are looking at when you trade.
But if you are looking at m15, m30, h1, h4, d1 and so on, you want see it.
But its still there.
Also, take a chart of e/u and place 25 pip intervals and look at it on m1 for a while.
Maybe you will notice that at those this s/r become somewhat stronger.
Perhaps at even 50s and 100s its the same.
Nothing strange about it, this is how people think.
Humanity divides things into smaller bits.
This is a fact.
And still people ask: which timeframe are you trading?
You trade price
Price dont care which chart you are looking at.
This is a fact.
My signature is: "Classified".
  • #475
  • Feb 11, 2024 6:45am Feb 11, 2024 6:45am
Attached Image (click to enlarge)
Click to Enlarge Name: friday analysis.jpg Size: 286 KB
My signature is: "Classified".
  • #476
  • Feb 19, 2024 10:25pm Feb 19, 2024 10:25pm
Its there.
Im looking at it every day.
Im getting closer and closer to formulating it.
Im almost there...
A way of understanding any price, any time frame.
A way to trade any instrument, any day.
My signature is: "Classified".
  • #477
  • Feb 19, 2024 11:13pm Feb 19, 2024 11:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: no news.jpg Size: 234 KB
My signature is: "Classified".
  • #478
  • Apr 7, 2024 4:42pm Apr 7, 2024 4:42pm
Its a while ago since i posted here.
And there is reason for it.
I had this plan about a year ago.
And i put a lot of time on trading.
Roughly 3 days a week.
For 6 months or so.
And the plan was that i would be able to withdraw a considerable amount of cash, if things worked out real nice.
It seemed like a pretty good plan.
And it almost sort of worked.
But...
Honestly, it did not work out that well.

I still have the money to trade.
And the tenacity.
But not the time as i used to during the winter.
Now is the time for the next plan for my trading.

The last month i have thought of many various business plans.
But they are all combersome.
And boring.
And they involve being on the phone, sending email and all that kind of crap that i really dont like.
Anyway, in about 1 year if will get the time to trade every day.
And i can do that for about 1 year.
So in the summer of 2026 i might be able to withdraw a considerable amount from trading.
Or not.

Moving into TA...
My signature is: "Classified".
  • #479
  • Apr 7, 2024 4:46pm Apr 7, 2024 4:46pm
I dont want to get stuck in a hypothesis.
It seems what i can learn is to adapt.
To the circumstances.
Using experience.
And forsake what ever idea i had about where price would be heading.
And focus on whats actually going on.
My signature is: "Classified".
  • #480
  • Jun 17, 2024 1:46pm Jun 17, 2024 1:46pm
Im doing pretty good again, after 2 months of no trading.
Its a reoccuring thing, that after a long break i get back at it and i do good.
I guess mostly im looking at H1 now.
I dont know why but it seems to make sense.
My signature is: "Classified".
1 trader viewing now