Andrey, I've been thinking more about what you have been saying about knowing whether a certain technique will work in the long run.
Here are my thoughts...
So far, the patterns I've posted here work(for me lol)...but those setups can sometimes not appear for a week. Also, the market has to be acting "like that"...notice in some of my charts how sometimes it will break for 10-20 pips and other times only 3 pips or barely enough to get out at BE...all on the same setup.
What got me thinking about this was that I posted a chart to Linuxtroll(the first chart in this post) and he said "with more screen time, hold on until 40...I would have taken another buy at 40 too".
I never asked him but I thought "why?" because sometimes it doesn't go that far.
Well, look at the second chart in that post and the others I've posted with that setup...notice how smooth it was moving in the first chart and how choppy it is in the second?(before it took off) Also, the past few days, I've noticed that when EUR/JPY breaks up it hasn't really had any momentum...usually when its about to break in one of my setups, it will usually get up to the next round # pretty fast, but lately it just moves right back down.
So, this has also got me thinking, like I've said and you have said, that what works one day can very well not work the next.
This has brought me to a new way of looking at it...I'm sure all of us that have been watching the rainbow for a few months have a good idea of what patterns work, even though we don't realize it consciously. For example, I can pull up the EUR/JPY cahrt at any time of day when it is at least moving 5 pips in 10 minutes and think subconsciously "Oh its probably going to do that" but I never put a trade on it because my head says "no, its too choppy", etc.
Well, usually I'm right...even in market conditions where the rainbow is a mess.
I never trade those times though because I'm waiting on "my certain setups" and I don't trade a lot of times because of that. Also, you know how you'll see it doing something and you're like "oh, it's gonna do that" but you don't put a trade on because "last time it did that, I got burned"
I realize I'm doing a lot of rambling but here is what I have come to...
When I pull up a chart, the first thing I do is look at how it has been moving and ask myself "What has it been doing consistently *today*?" because if it has been breaking round numbers and then retracing, it's probably going to do it again so I don't rely on my setup of breaking s/r, round #s because E/J isn't playing along.
etc., etc. does anyone follow me here? lol
I really think this is the way forward because all you have to do is see what it has been consistently doing and trade accordingly...no worrying if the setup is going to work tomorrow...fit your trading to the conditions instead of the other way around or waiting on conditions to be "perfect".
Maybe I'm just crazy...lol.
Does any of that make sense?
Any thoughts?
Here are my thoughts...
So far, the patterns I've posted here work(for me lol)...but those setups can sometimes not appear for a week. Also, the market has to be acting "like that"...notice in some of my charts how sometimes it will break for 10-20 pips and other times only 3 pips or barely enough to get out at BE...all on the same setup.
What got me thinking about this was that I posted a chart to Linuxtroll(the first chart in this post) and he said "with more screen time, hold on until 40...I would have taken another buy at 40 too".
I never asked him but I thought "why?" because sometimes it doesn't go that far.
Well, look at the second chart in that post and the others I've posted with that setup...notice how smooth it was moving in the first chart and how choppy it is in the second?(before it took off) Also, the past few days, I've noticed that when EUR/JPY breaks up it hasn't really had any momentum...usually when its about to break in one of my setups, it will usually get up to the next round # pretty fast, but lately it just moves right back down.
So, this has also got me thinking, like I've said and you have said, that what works one day can very well not work the next.
This has brought me to a new way of looking at it...I'm sure all of us that have been watching the rainbow for a few months have a good idea of what patterns work, even though we don't realize it consciously. For example, I can pull up the EUR/JPY cahrt at any time of day when it is at least moving 5 pips in 10 minutes and think subconsciously "Oh its probably going to do that" but I never put a trade on it because my head says "no, its too choppy", etc.
Well, usually I'm right...even in market conditions where the rainbow is a mess.
I never trade those times though because I'm waiting on "my certain setups" and I don't trade a lot of times because of that. Also, you know how you'll see it doing something and you're like "oh, it's gonna do that" but you don't put a trade on because "last time it did that, I got burned"
I realize I'm doing a lot of rambling but here is what I have come to...
When I pull up a chart, the first thing I do is look at how it has been moving and ask myself "What has it been doing consistently *today*?" because if it has been breaking round numbers and then retracing, it's probably going to do it again so I don't rely on my setup of breaking s/r, round #s because E/J isn't playing along.
etc., etc. does anyone follow me here? lol
I really think this is the way forward because all you have to do is see what it has been consistently doing and trade accordingly...no worrying if the setup is going to work tomorrow...fit your trading to the conditions instead of the other way around or waiting on conditions to be "perfect".
Maybe I'm just crazy...lol.
Does any of that make sense?
Any thoughts?
