just wondering where is our islandfx911? hope all is well and your family.
gold got you..
gold got you..
Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies
HYBRID: trading system within a trading system 31 replies
WatchMyZone trading system - WMZ system 7 replies
Day Trading system - Simple system to make money 51 replies
Trapping System: Way to Fully-Automated Trading System 47 replies
Dislikedjust wondering where is our islandfx911? hope all is well and your family. gold got you.. {image}Ignored
QuoteDislikedAmong all the elements in trading, only math is certain. Our target RR is 7.5R which implies we only need 12% of win rate to be profitable. 1/(1+7.5)
12% of win rate means you only need to win 3 times in 25 trades. 3 win trades + 22 lose trades, that's it. How hard is that? Rob already gives us many ways to reduce losing trades, so we can do far better than 12%!
Dislikedjust wondering where is our islandfx911? hope all is well and your family. gold got you.. {image}Ignored
Disliked{quote} and continue running as long as price will not create support to resistance. if it still resistance to support then up in the sky to understand the simplest thing shared by our very own friend islandfx911. thanks to you brother and keep safe and stay healthy. {image}Ignored
Disliked{quote} This would be the last, and hope all will be able to catch up and learn. try to simply understand the formation RES/SUP and SUP/RES as shown in the image. thank you and happy trading. enjoy. my best regards to our dear brother islandfx911. {image}Ignored
DislikedI do some math to reinforce my belief to the system. I want to share it here and hope it might help some traders. When I think of it, it makes me easier to hold a trade longer.
Quote
Among all the elements in trading, only math is certain. Our target RR is 7.5R which implies we only need 12% of win rate to be profitable. 1/(1+7.5)
12% of win rate means you only need to win 3 times in 25 trades. 3 win trades + 22 lose trades, that's it. How hard is that? Rob already gives us many ways to reduce losing trades, so we can do far better than...Ignored
Disliked{quote} That 7.5R model is mathematically sound, no doubt. But it’s important to understand how it’s actually achieved in practice. Rob was able to get 7.5R or more because he consistently used very tight stop losses — often in the 4–10 pip range — and frequently emphasized the importance of tight SLs to achieve that kind of R:R without pushing into ADR extremes. The challenge is that it’s not psychologically easy to operate with such tight stops, especially when you get tagged out multiple times. Even a slight deviation from the recommended SL...Ignored
Disliked{quote} anybody who can interpret the blue box for the stoploss ? of how many pips? this is gold m15 thank you. {image}Ignored
Disliked{quote} to continue the analysis and behaviour of the price and its peak formation with or without hidden peaks. the white line is considered hidden peak when price tried to make a false move (deceiving move). as shown in image you will see when the price creates this formations RES to SUP {image}Ignored
Disliked{quote} trying to understand the turning point with hidden peak (resistance) and hidden trough(support) that will reverse engineer the price action. in other words, the reversal. {image}Ignored
Disliked{quote} stoploss moved to break even to close buy entry because we have reverse engineering formation with the hiddens. we have rejection at the peak M15. {image} this hidden trough will eventually become active trough or support level. all we wait is the rejection to place sell. or if not then wait at the top of it to happen the reversalIgnored
Disliked{quote} That 7.5R model is mathematically sound, no doubt. But it’s important to understand how it’s actually achieved in practice. Rob was able to get 7.5R or more because he consistently used very tight stop losses — often in the 4–10 pip range — and frequently emphasized the importance of tight SLs to achieve that kind of R:R without pushing into ADR extremes. The challenge is that it’s not psychologically easy to operate with such tight stops, especially when you get tagged out multiple times. Even a slight deviation from the recommended SL...Ignored
DislikedMAY THIS THREAD BE THE SOURCE OF YOUR SUCCESS! Allow me to give this prayer for our dear Islandfx911. and together we pray for our brother Rob. {image} Lord, thank You for the life, wisdom, and strength my friend has shared with others. Even through pain and suffering, he has reminded us that health and time are the greatest treasures we have. Please surround him with peace, comfort, healing, and love in this difficult time. Ease his suffering, calm his heart, and let him feel the presence of...Ignored