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Highs and lows of previous 4 months and 4 weeks

  • #61
  • Mar 8, 2024 6:46am Mar 8, 2024 6:46am
And talking about charts:
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Ravi sold this pair trading the M1 chart....
Why?
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Can he take a potential pullback to ca. 189.200 and the uncertainty of what will come next??
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #62
  • Edited 5:47pm Mar 8, 2024 2:52pm | Edited 5:47pm
Ravi, don't let your balance drop below this Support!
Attached Image (click to enlarge)
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You are showing first signs of a Bearish trend!
This is a good opportunity to Sell Short!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #63
  • Mar 8, 2024 4:16pm Mar 8, 2024 4:16pm
Let's see if this scenario plays out:
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.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #64
  • Mar 8, 2024 8:07pm Mar 8, 2024 8:07pm
Quoting BestTraderEv
{quote} You are right about one thing: In order to do strictly trend trading we need a trending instrument. If we are talking about Forex, strictly, it's hard to find a good trending pair. From my observations and experience, we tend to chase the price, and that's a big factor why we lose. The reality is that every trade has a begining and an end. And there are max two good opportunities to get into the move early. If we miss those opportunities, we shouldn't try to get into a fast moving train! And we often try to do that, anyways... Looking at...
Hi BestTraderEV

On that GBPUSD chart of yours, my opinion is that entry was a valid setup but its 6 candles too early for confirmation trade for me that I would expect would achieve a higher probability setup. I see no reason why any trader should not see a decent win rate ratio in any strategy they trade.
It does seem Anchored VWAP is the "cool tool" presently which is fine with me but I do wonder when a new wonder indy will replace it anytime soon. What's wrong with one's that have been making traders rich for years and years but its uncool to use them today.
I believe the markets haven't really changed too much in 400 years, there's plenty of OLD tools that still work just fine - no need fix something that ain't broken.

There is plenty of great trends in Forex too be honest but unfortunately the best ones are on lower time frames due too retail traders capitulation. Actually Professional traders fear no better often as most of the big market collapses we have seen in the last hundred years were the Hedge Funds facing their own Margin Calls.

You would thing they know better, but same old same old ...............

Cheers
Trading thin liquidity at the boundary of the charts
  • #65
  • Mar 9, 2024 5:22am Mar 9, 2024 5:22am
Quoting RickM
{quote} Hi BestTraderEV On that GBPUSD chart of yours, my opinion is that entry was a valid setup but its 6 candles too early for confirmation trade for me that I would expect would achieve a higher probability setup. I see no reason why any trader should not see a decent win rate ratio in any strategy they trade. It does seem Anchored VWAP is the "cool tool" presently which is fine with me but I do wonder when a new wonder indy will replace it anytime soon. What's wrong with one's that have been making traders rich for years and years but its uncool...
I don't know if using the AVWAP tool is a recent fad or not? I've been using various anchored tools, mostly which I created myself, for many years. It always seemed logical to me that sticking to some fixed candle, like D1, or H4, for example, isn't actually the right thing to do. I remember when I was trying to find a good way to figure out which side is dominant in a sideways range. And I tried using volumes, even the ones from the Futures, but that didn't help. After all, the price must break out of a range, sooner or later, and if we could figure out which side was left without liquidity, we would have a good foundation for a trade. And so far, AVWAP is the best tool for that.

As for Ravi and what he's doing - he is trading with high leverage (1:500 I think) on the M1 chart, and he is a victim of what all brokers like the best. He thinks this is the way to become rich fast. He can't afford the losses, and he doesn't have the "balls" to hold out the pullback (drawdown).
Here are his recent trades on GBPUSD:
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There is no logic, or reason, or any understanding of Price Action.
It's pure emotion.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #66
  • Mar 9, 2024 7:20am Mar 9, 2024 7:20am
Hi Ravi,

I hope all is well with you. Have been following along with your thread I feel your pain in this business. This is merely a suggestion & not advice as I neither a teacher nor a CTA. Devote your time & energy to what BestTraderEv is showing you. He clearly is a successful trader, coder & teacher. I subscribe to what he has been sharing with you. Trading is not supposed to be a gambling adventure & I'm not saying you are treating it as such, but there many on theses forums that are clearly gambling & most will be broke in a matter of months or less. Leverage is a double edge sword & you're being cut by that sword on every trade. I will advise to dial back the leverage a bit. Calm yourself & keeping trying, but Einstein said, "To Keep Trying the Same Thing Over & Over & Expecting Difference Results Is Insanity." I have to agree. Ravi you are only a failure when you quit.

Best of trades in the coming weeks to you, my friend
__________________________________________
  • #67
  • Mar 10, 2024 12:07pm Mar 10, 2024 12:07pm
Quoting BestTraderEv
Ravi, don't let your balance drop below this Support! {image} You are showing first signs of a Bearish trend! This is a good opportunity to Sell Short!
i lost 10% of my balance again doing TRY/FAIL Mode....

Well, I attended one of the finest webinar today sir.
Today being a sunday, the mentor shared one of the biggest secret he says.
While doing forex ONE should refer to Global interest rates.
BUT before that First and foremost, one has to understand that Google is to be used only for information purposes and not for INTELLIGENCE !

AGREED? LET'S MOVE ON.

Sir, Mentor says, we have to first step on to www.global-rates.com

Then we have to get on to IPADA
WHICH is nothing but divide the base currency with quote currency.
for ex EUR/USD
4.5/5.5=0.818....
if the IPDA is less then 1, we have to take only short trades on this and if it is more than 1, we have to take only long trades he says.
Saying this, he says,
if we achieve 1% of our cap, we quit for the day.
and 5% a week or 20% a month.
By doing this we can win a prop challenge he says.
And he compares a strategy to WIFE
we have to have only 1 strategy or 1 wife
too many strategies = too many wives

I hope each and every one makes use of the IPDA calculations. Please share your experience
lets see how this week goes by.... see you all nexxt week.
Bye sir
Ravi Kiran T V
  • #68
  • Mar 10, 2024 12:09pm Mar 10, 2024 12:09pm
one the page, please go to CENTRAL BANK RATES SECTION AND DO THE CALCULATIONS PLS
Ravi Kiran T V
  • #69
  • Edited 3:11pm Mar 10, 2024 1:46pm | Edited 3:11pm
Quoting RaviKiran
{quote} i lost 10% of my balance again doing TRY/FAIL Mode.... Well, I attended one of the finest webinar today sir. Today being a sunday, the mentor shared one of the biggest secret he says. While doing forex ONE should refer to Global interest rates. BUT before that First and foremost, one has to understand that Google is to be used only for information purposes and not for INTELLIGENCE ! AGREED? LET'S MOVE ON. Sir, Mentor says, we have to first step on to www.global-rates.com Then we have to get on to...
LOL, how does it matter what the Mentor said, when you will be doing the same thing?
You will calculate Short, and the price will go against you, and you will still be doing the same thing...
IOW, what the Mentor said does not, in any way, apply to what you are doing on M1 charts.

BTW, he told you "the secret" which every real trader knows:
If the USA Central Bank Rate = 5.50% and the EU Central Bank Rate is 4.50%, then it's obvious that EUR is 1% stronger than USD.
Thus, if EUR is stronger than USD, then we need to pay more USD for EUR, which means that EURUSD is going up.

Anyways, this has absolutely nothing in common with what You are doing on M1 charts.

PS. I know what the Mentor said!
If EUR/USD <0 ->Sell EUR for USD or Buy USD for EUR = Buy EURUSD.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #70
  • Mar 10, 2024 9:57pm Mar 10, 2024 9:57pm
Quoting BestTraderEv
{quote} LOL, how does it matter what the Mentor said, when you will be doing the same thing? You will calculate Short, and the price will go against you, and you will still be doing the same thing... IOW, what the Mentor said does not, in any way, apply to what you are doing on M1 charts. BTW, he told you "the secret" which every real trader knows: If the USA Central Bank Rate = 5.50% and the EU Central Bank Rate is 4.50%, then it's obvious that EUR is 1% stronger than USD. Thus, if EUR is stronger than USD, then we need to pay more USD for EUR,...
sir
4.5/5.5 = 0.818181
which is less than 1.. yes...he says that, price will go up trapping all the buyers and we have to take only short positions....price going means, there is oppurtunity?
please explain sir. it is confusing.

And also, this was given during the webinar. I would like to share with all of you. please make use of it and derive to some strategy which works at least 6 times in a row
Attached Image (click to enlarge)
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Ravi Kiran T V
  • #71
  • Mar 11, 2024 11:31am Mar 11, 2024 11:31am
Quoting RaviKiran
{quote} sir 4.5/5.5 = 0.818181 which is less than 1.. yes...he says that, price will go up trapping all the buyers and we have to take only short positions....price going means, there is oppurtunity? please explain sir. it is confusing. {image}
Look Ravi, you need to study a bit about how money works.
Those rates mean only this much that in USA Banks we can get 1% more refinancing rate then in EU Banks.
Which means that for somebody, it may be profitable to buy USD for EUR and put the USD in an American Bank, because they can get 1% more.
It means nothing for small retail gamblers who don't know much!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #72
  • Edited 12:32pm Mar 11, 2024 11:57am | Edited 12:32pm
Quoting RaviKiran
{quote} And also, this was given during the webinar. I would like to share with all of you. please make use of it and derive to some strategy which works at least 6 times in a row {image}
Ravi, what if such a strategy does not exist - for YOU - and I mean You specifically?
And that's because you do not have the ability to follow any strategy.
A specific strategy may generate 6 in the row for somebody else, but not always, only from time to time.
But not for You.

So far, from your trading, we can define Your personal strategy like this:
Lose a lot, profit a little, and occasionally, when I get onto a rally on USOil, make profit, and then lose the profit, again, and repeat.
This is Your personal strategy.

What's the Average Daily Range on EURUSD per week? Around 50 - 60 pips = change of $0.005 to $0.006
What's the Average Daily Range on USOil per week? Around 190 - 200 pips = change of $1.90 to $2.00
So, a rally on USOil can change the price even by $2.00 or more. That's why you gain faster on USOil .

Maybe you should stop messing around with stuff you don't know much about, and concentrate on predicting the rallys on USOil ?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #73
  • Mar 12, 2024 12:47pm Mar 12, 2024 12:47pm
Quoting BestTraderEv
Ravi, don't let your balance drop below this Support! {image} You are showing first signs of a Bearish trend! This is a good opportunity to Sell Short!
AS of now this is it sir.
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Ravi Kiran T V
  • #74
  • Edited 4:46pm Mar 12, 2024 4:31pm | Edited 4:46pm
Quoting RaviKiran
{quote} AS of now this is it sir. {image}
Again, this means nothing.
I saw your trades:
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You achieved this not by following any levels, or any strategy, but by gambling!

If you want to gamble, it's your business, you do what you want.
Just don't tell people that you have some super strategy or some magical levels!
Tell the the truth - that it's a gambling game!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #75
  • Mar 12, 2024 8:39pm Mar 12, 2024 8:39pm
Quoting BestTraderEv
{quote} Again, this means nothing. I saw your trades: {image} You achieved this not by following any levels, or any strategy, but by gambling! If you want to gamble, it's your business, you do what you want. Just don't tell people that you have some super strategy or some magical levels! Tell the the truth - that it's a gambling game!
Agreed master !

-1040 was a gamble, because there was no stop, no profit target, beause of core cpi data. Rest all of it was perfectly blended. Only thing, I did not use the calculator which u have posted. I will from now on.

LEVELS or STRATEGY---- I told in the previous post, that these highs or lows are nothing but lowest volume nodes, and price is highly sensitive only in these areas.
So, made use of it !
Ravi Kiran T V
  • #76
  • Mar 16, 2024 7:12am Mar 16, 2024 7:12am
Quoting BestTraderEv
{quote} LOL, how does it matter what the Mentor said, when you will be doing the same thing? You will calculate Short, and the price will go against you, and you will still be doing the same thing... IOW, what the Mentor said does not, in any way, apply to what you are doing on M1 charts. BTW, he told you "the secret" which every real trader knows: If the USA Central Bank Rate = 5.50% and the EU Central Bank Rate is 4.50%, then it's obvious that EUR is 1% stronger than USD. Thus, if EUR is stronger than USD, then we need to pay more USD for EUR,...
Good point and well explained.
  • #77
  • Mar 16, 2024 9:50am Mar 16, 2024 9:50am
Hi Master !
IT does make good impact on our trading decisions, if we have an addittion.

As in our coded 4 months, 4weeks, high and lows indicator, can you please add a feature as to previous 4 days and highs feature please?
I am seeing this to an added benefit.

Please see the picture.
This is from Indian market, where we were able to trade with conviction !
Best Regards,
Ravi
Ravi Kiran T V
  • #78
  • Apr 8, 2024 2:43pm Apr 8, 2024 2:43pm
Quoting RaviKiran
{quote} AS of now this is it sir. {image}
As of now, Sir...
Attached Image (click to enlarge)
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What happened???
How does one multiply the account almost 8-fold, and then bust it all up quicker than they grew it?
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #79
  • Apr 9, 2024 12:29pm Apr 9, 2024 12:29pm
Quoting BestTraderEv
{quote} As of now, Sir... {image} What happened??? How does one multiply the account almost 8-fold, and then bust it all up quicker than they grew it?
i did not use stop loss sir
But still that same is account is now blown. i will have to revive it. But, I am travelling to US to my son's graduation day. I will trade only U S Session
Lets see if I can do it
Ravi Kiran T V
  • #80
  • Apr 9, 2024 1:00pm Apr 9, 2024 1:00pm
Quoting RaviKiran
{quote} i did not use stop loss sir But still that same is account is now blown. i will have to revive it. But, I am travelling to US to my son's graduation day. I will trade only U S Session Lets see if I can do it
See if you can blow up another account?
Sure!!!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
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