Meditations on Extremistan - Nassim Taleb

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Trust none of what you hear, half of what you read, most of what you see.

Quoting RoelsMajor

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EURJPY & CHFJPY, Closing Price EURJPY Broker: 161.640, Spread 10.90 pips Netdania: 161.523 12.3 pips CHFJPY Broker: 167.875, Spread 14.00 pips Netdania: 167.494 38.1 pips
Plus GBPJPY Closing Price Netdania {image} {image} {image}

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Quoting TimeTells

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{quote} Hi RM, I did a bit of due diligence on that last GJ candle chart 15m you posted above provided by Netdania It looks a rogue candle to me in regards to my own Aus ASIC controlled broker, plus I also compared mine with two others ( F XCM & IG - please note I DO NOT suggest or recommend those 2 for use or any broker feeds just a simple comparison I did out of my own interest for GBPJPY) A rogue candle could be just a mistake or a spike candle shaking out overweekend highly leveraged holders via increased late s preads, some 70 pips in this...

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Quoting RoelsMajor

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{quote} Hello Sir, I have tested the previous posts, yea this is maybe a rogue candle or a spike, but this is what it is an accurate interbank data. Sometimes, when the market opens, that candle may not hold because brokers start trading an hour later than interbank data, and the candle has already moved beforehand. So for us retail traders, there's no chance to trade that condition (on our controlled broker/retail broker), especially in the first one or two hours after the weekly market opens when the spread is very wide, but that doesn’t mean...

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Quoting TimeTells

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{quote} Cheers RM, Yes, the opening candle, after a weekend, can often have a large opening gap situation (and is untradeable for me, often as a 20 pip plus spread on low activity). (I always feel this spread is to stall new retail traders at the open as interbank don't do business with each other with any spread at all as i understand, just price) I operate also with a New York close chart broker (a 5 day week) where the short period of trading on the Sunday by some is not included in my Monday Open chart - thus the gap. My main concern above was...

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Quoting RoelsMajor

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{quote} Minor revision to the guidelines: now only trading TVT without reversal and red news. Results may improve with the addition of a killzone range indicator every 8 hours (3 ranges). Lets try this with discipline like a robot . Lel . Rules of 7 PVSRA TVT 1/3 ATR 21 - Daily Ranger 1. Pair Selection: Scan all 28 pairs using ATR 21 Days. A broader range, such as 90 pips and above, might be a better choice for trading pairs as it provides more room for SL (risk). Minimum SL...

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So The Guidelines since 15/03/2025
Rules of 7 - PVSRA 1/3 aDtr 21 – IB Breakout – Daily Ranger
 
1. Pair Selection: Scan all 28 pairs using aDtr 21 Days. A broader range, such as 99 pips and above, might be a better choice for trading pairs, not too choppy.
2. Timing Entry: Enter breakout IB Range. Candle closed outside IB Range.
3. Optimal Maximum Leverage for Forex: 10:1; Kelly = SR/σ, where SR = 0.1 and σ = 1% per day. However, We use a scale target, Percentage Daily Profit Target. TP based on 1/3 aDtr 21 (in pips, like a Sniper).
4. Stop Loss is mandatory. SL place at top of the range for Short or bottom of the range for Long. Never Exceed 1:1 RR.
5. Pay attention to S/R levels of Price at the top or bottom IB Range to avoid false breakout.
6. Pay attention to high-volume activity, large breakout candle and Range of IB (too narrow or too wide).
7. No trade during Red News events, and Discipline like a robot.

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Based on rough calculations, brokers providing both MT4 and MT5 platforms to their clients are estimated to have started paying MetaQuotes approximately $20,000 to $25,000 per month, effective from January 2025.

Finance Magnates’ sources also claim that each offer is different and that MetaQuotes has separate deals with various brokers. Consequently, the final values may differ from those assumed above.

Quoting RoelsMajor

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{quote} Major Revision this week to Guidelines - Now remove Trends. PVSRA TVT is good but now lets try this for next week. So The Guidelines since 15/03/2025 Rules of 7 - PVSRA 1/3 aDtr 21 – IB Breakout – Daily Ranger 1. Pair Selection: Scan all 28 pairs using aDtr 21 Days. A broader range, such as 99 pips and above, might be a better choice for trading pairs, not too choppy. 2. Timing Entry: Enter breakout IB Range. Candle closed outside IB Range. 3. Optimal Maximum Leverage for Forex: 10:1; Kelly = SR/σ, where SR = 0.1 and σ...

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Quoting RoelsMajor

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{quote} Major Revision this week to Guidelines - Now remove Trends. PVSRA TVT is good but now lets try this for next week. So The Guidelines since 15/03/2025 Rules of 7 - PVSRA 1/3 aDtr 21 – IB Breakout – Daily Ranger 1. Pair Selection: Scan all 28 pairs using aDtr 21 Days. A broader range, such as 99 pips and above, might be a better choice for trading pairs, not too choppy. 2. Timing Entry: Enter breakout IB Range. Candle closed outside IB Range. 3. Optimal Maximum Leverage for Forex: 10:1; Kelly = SR/σ, where SR = 0.1 and σ...

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So The Guidelines since 18/03/2025
Rules of 7 - PVSRA 1/3 aDtr 21 – Initial Balance Breakout – London Open
1. Pair Selection: Scan all 28 pairs using aDtr 21 Days. A broader range, such as 99 pips and above, might be a better choice for trading pairs, not too choppy.
2. Timing Entry: Wait after London Open to make decision. Enter Long if Price above IB Range or Short if Price below IB Range.
3. Optimal Maximum Leverage for Forex: 10:1; Kelly = SR/σ, where SR = 0.1 and σ = 1% per day. However, We use a scale target, Percentage Daily Profit Target. TP based on 1/3 aDtr 21 (like a Sniper).
4. Stop Loss is mandatory. Initial SL 1:1 RR. Never Exceed 1:1 RR. Consider move SL to BE after +7 (many) pips.
5. Pay attention to S/R levels of Price at the top or bottom IB Range to avoid false breakout.
6. Pay attention to high-volume activity, large breakout candle and Range of IB (too narrow or too wide).
7. No trade during Red News events, and Discipline like a robot

Quoting RoelsMajor

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{quote} Some revisions to refine the rules based on today's price movement. Thats all for today. Some wisdom: wait for the London Open until the fog lifts. Note: Setting back Initial Balance Range to 2 hours (original setting). It would be Daily Bet, Above Range, Stay Inside Range, or Below Range. So The Guidelines since 18/03/2025 Rules of 7 - PVSRA 1/3 aDtr 21 – Initial Balance Breakout – London Open 1. Pair Selection: Scan all 28 pairs using aDtr 21 Days. A broader range, such as 99 pips and above,...

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19/03/2025
PVSRA TVT 1/3 aDtr 21 - Daily Ranger
Rules of 7
1. Pair Selection: Scan all 28 pairs using aDtr 21 Days. A broader range, such as 99 pips and above, might be a better choice for trading pairs as it provides more room for SL (risk).
2. Optimal Maximum Leverage for Forex: 10:1; Kelly = SR/σ, where SR = 0.1 and σ = 1% per day. However, We use a scale target, Percentage Daily Profit Target, TP/SL ratio 1:1 (like a Sniper) - based on 1/3 aDtr 21. Stop Loss is mandatory.
3. Timing Entry: Enter better after 8 hours from New Day (after Range 1).
4. Buy should be from the bottom or sell must be from the top - of the range (Universal rules).
5. Trends: Golden Belt stacked below Blue Dragon for Long, and above Blue Dragon for Short.
6. Key Levels & Volume: Pay attention to consolidation above or below whole/half levels, S/R levels, and high-volume activity.
7. No trade during Red News events, and Discipline like a robot.

Quoting RoelsMajor

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{quote} Trading Initial Balance Breakout can be quite lucrative on a good day, but on a day like today, it’s chaos. It seems that the Forex market doesn’t adhere much to the Initial Balance Range. I think TVT is better. Lol

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Quoting Fisher755

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{quote} On a day like today you should not trade before the most important news anyway, makes not much sense .... IMHO (speaking for USD pairs). I started sitting at PC just now...for the first time today.

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