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  • #1,081
  • Nov 13, 2011 7:50am Nov 13, 2011 7:50am
Quoting pmullin86
I call it a counter trend trade when trading against the daily. Although the stochastics in itself have shown the new short term trend so it may not be a true countertrend but I just call it that because its going against the daily per the rules for my approach to trade with the trend and it may be with the moving averages or against it but still considered countertrend since going against the daily which is the overall trend in my eyes...
Ok - now I got it: again Daily STO = called Counter trend.

Wish you a good trading week. MJ
__Thanks__ MJ
  • #1,082
  • Nov 13, 2011 7:59am Nov 13, 2011 7:59am
Quoting M_j
Ok - now I got it: again Daily STO = called Counter trend.

Wish you a good trading week. MJ

Thanks and I wish you a week of accomplishments with everything your working on as well...
No man is free who is not a master of himself. -P.M.-
  • #1,083
  • Nov 13, 2011 9:57am Nov 13, 2011 9:57am
Hi there,

Havnt read all the thread and someone may have picked up on it already, but why are you placing your fib levels upside down. Post 14 shows a clear uptrend, yet you have placed your retracement levels as you would in a downtrend ?
  • #1,084
  • Nov 13, 2011 7:03pm Nov 13, 2011 7:03pm
Quoting pmullin86
Hmmm I'm horrible at explaining things in a simple manner but I will try....Basically you just open up your navigator window and add the first mtf stoch and set whatever time frame you want for the first one and than to overlap any others you would from the navigator window that is open just drag and drop the mtf stochastic indicator into the now created subwindow and set whatever time frame you want and continue for any other mtf stochastics you wish to overlap in that sub window...
Hi pmullin86,
Thanks for you reply. but I still have no clue on how to drag and drop from one mtf into another, sorry to bother you. It can't be dragged from the window directly. Do you know anywhere I can find about the setting manual especially teaching on the basic of indicator configuration, expert adviser and back-testing strategy. thanks in advance.

good trading week to you.
  • #1,085
  • Nov 13, 2011 9:01pm Nov 13, 2011 9:01pm
Quoting mrfigure
Hi there,

Havnt read all the thread and someone may have picked up on it already, but why are you placing your fib levels upside down. Post 14 shows a clear uptrend, yet you have placed your retracement levels as you would in a downtrend ?
Hmmm...someone may have picked up on it already huh....

Well anyone who uses fib levels and trades the markets should know that most aspects of trading are subjective and as such what I may see as a down move, someone else may see as price in an uptrend. With that said everyone will not draw fibs the same but it doesnt discount them. They will still work simply because that is the case. So I may see the overall picture that price is still just retracing from a down move while you may see that the trend is now up...sometimes I think in regards to fib levels its good to look at the bigger picture being presented to us...but either way whether you draw the fibs for an uptrend or a down trend, in the eyes of many other traders it may be the same while in the eyes of another many traders it may be the opposite so either way it will work itself out...example which is quite like the post 14 from tonights EUR USD daily chart...where we can see price has been on a down trend since the end of august hit a 78.6 retrace level and started coming back down but before that price did make a higher low off the 38.2 fib level but does that mean I have to redraw my fibs to accommodate an up move...no because its not an uptrend to me until that high from 08/29 has been taken out successfully...thats just me but than I can look at the weekly chart and clearly see that price is making lower highs in which that up move that we experienced on the daily chart was indeed just a retracement on a higher time frame before it continued its move down...but on the other hand price did make a lower high on the daily marked off by the daily stochastic closing below the 80 level and using those retracement levels are just fine as well....as can be seen from the pictures attached...with fibs being so subjective just like trend lines and price action trading in itself, there will be many viewpoints on how fibs should be drawn but I dont think there is a truly politically correct way to pick out the swings to use for drawing fibs or which direction the retracement levels should be in as it can clearly bde interpreted any which way but when it boils down to it on a smaller time frame than either way gets the job done as providing support and resistance levels to trade from especially in regard to the daily time frame and thats why I use the daily to draw fibs and than use those levels only on the intraday basis and not to swing trade....but take the time to draw the levels differently and go down to the smaller time frames and see how any way you put it than they will hold either way....its kind of like pivots...different brokers equal different data feeds which equal different pivot calculations but if you use Oanda and I IBFX and we have different pivots as a result, you cant tell me my pivots are wrong and visa versa ( they will both work) maybe a bad example but hope you understand...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily fib 1.gif Size: 33 KB
Click to Enlarge Name: daily fib 1 on 15 minute chart.gif Size: 43 KB
Click to Enlarge Name: daily fib 2.gif Size: 33 KB
Click to Enlarge Name: daily fib 2 on 15 minute chart.gif Size: 43 KB
No man is free who is not a master of himself. -P.M.-
  • #1,086
  • Nov 13, 2011 9:18pm Nov 13, 2011 9:18pm
Quoting mrfigure
Hi there,

Havnt read all the thread and someone may have picked up on it already, but why are you placing your fib levels upside down. Post 14 shows a clear uptrend, yet you have placed your retracement levels as you would in a downtrend ?

And in post 14 I was looking for a confluence of the overall down moves fib retrace levels and a fib extension level from a different swing to gauge a nice strong rejection zone....you know fib extension levels....yeah...but anyway here is another pic...zooming out on the daily I could even say price is still in an uptrend and draw those fibs which in the next pic attached below that you will see on the lower time frames it can still be used accurately for support/resistance levels to play from....speaking of fib extension here are pics if i decided to play off those as well....you just hasve to know how to fully utilize the tools in front of you and the different ways to play on them....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily fib 3.gif Size: 36 KB
Click to Enlarge Name: daily fib 3 on lower time frame.gif Size: 44 KB
Click to Enlarge Name: daily fib extension.gif Size: 34 KB
Click to Enlarge Name: daily fib extension lower.gif Size: 44 KB
No man is free who is not a master of himself. -P.M.-
  • #1,087
  • Nov 14, 2011 1:40am Nov 14, 2011 1:40am
Quoting khntb
Hi pmullin86,
Thanks for you reply. but I still have no clue on how to drag and drop from one mtf into another, sorry to bother you. It can't be dragged from the window directly. Do you know anywhere I can find about the setting manual especially teaching on the basic of indicator configuration, expert adviser and back-testing strategy. thanks in advance.

good trading week to you.
hi khntb,

M_j has some infos in his tutorial .. might be of help. He uses his own indicators but basically you do the same with your choice of indicators.
http://www.forexfactory.com/showthre...95#post5083695

Also Mr. Spudfyre answered this:http://www.forexfactory.com/showthre...38#post2368738

Cheers
Ati
Money is important, Love is essential.
  • #1,088
  • Nov 14, 2011 6:47am Nov 14, 2011 6:47am
Quoting khntb
Hi pmullin86,

I saw your stochastic indicator overlapped with different timeframe as shown in the attachment.
Do you mind to share with me on how so set that?
hi khntb,

this is not difficult at all:

1.
copy the mtf stoastic: #MTF Stochastic v2.0.ex4
to your MT4 indicators folder: MT4/experts/indicators

2.
Add the first MTF STO like any customary indicators:

View>Navigator and drag and drop the indicator on the sub window

see pic 1: Insert>Indicators>Custom select the mtf Stochastic

3.
Overlay it with a second Open Navigator:


see pic 2
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 231 KB
Click to Enlarge Name: 2.jpg Size: 509 KB
Attached File(s)
File Type: ex4 #MTF Stochastic v2.0.ex4   8 KB | 383 downloads
__Thanks__ MJ
  • #1,089
  • Nov 14, 2011 7:03am Nov 14, 2011 7:03am
Quoting M_j
hi khntb,

this is not difficult at all:

1.
copy the mtf stoastic: #MTF Stochastic v2.0.ex4
to your MT4 indicators folder: MT4/experts/indicators

2.
Add the first MTF STO like any customary indicators:

View>Navigator and drag and drop the indicator on the sub window

see pic 1: Insert>Indicators>Custom select the mtf Stochastic

3.
Overlay it with a second Open Navigator:


see pic 2



Thanks MJ I knew you would be able to assist with this...I don't have the ability to save whole screen shots like that and than edit the pics and such like you do so I figured you would help with this...
No man is free who is not a master of himself. -P.M.-
  • #1,090
  • Nov 14, 2011 7:08am Nov 14, 2011 7:08am
Quoting pmullin86
..its kind of like pivots...different brokers equal different data feeds which equal different pivot calculations but if you use Oanda and I IBFX and we have different pivots as a result, you cant tell me my pivots are wrong and visa versa ( they will both work) maybe a bad example but hope you understand...
Just some thoughts of mine:

Personally it believe one should think about this: ( even though one might not come to a final definite answer)

How do pivot point, trend lines, fib etc.. work. I know there are probably a lot of different answers (maybe as many as different traders

But in my opinion there is no magic in it I'm actually often quite amazed that some of this stuff seems to work at all): they only work if enough traders (or maybe better enough volume trades) respect them at the same time.

Especially if one uses such lines to the point. ( one reason I kind of prefer zones: like MAZones etc..)

So, pmullin86 I would disagree with you a little bit on that: ( they will both work) (but I think I understand the point you try to make)


Additionally this levels may be respected if traders around the world use other indicators etc... which reflect in some way similar turning points.

(e.g. what I mean: stochastic movements do quite often overlap with MACD etc..: so if x number of traders use similar Stochastic setting and other traders use MACD settings which do give overlapping signals - it adds up the Volume power - more or less along this lines)

Some say this is one reason to keep your chart setup as simple as possible: only the major trend lines which are seen and easily recognisable by the majority of traders (or volumes)


So one theory of trading is:
try to keep your indicators, trend lines etc... reflecting similar settings what other traders in the world will see.

An other theory of trading is the opposite:
don't follow but lead / react different than all the others..

Anyway, whatever one does:
Forex is a wild beast in that there are so many different brokers using e.g. different Day, H4 bars open times which effects many TA indicators.

Additionally there are different data feeds and such...


But the subject is still worthy to look at - maybe also as a help to define ones own ideas about forex market and also to take out some of the 'magic' of most of the indicators...
BOTTOM LINE: if you get with your trading approach successfully and relatively constant good $$$ returns keep doing it whatever you do and as long as possible.
__Thanks__ MJ
  • #1,091
  • Nov 14, 2011 7:21am Nov 14, 2011 7:21am
Quoting M_j
Just some thoughts of mine:

Personally it believe one should think about this: ( even though one might not come to a final definite answer)

How do pivot point, trend lines, fib etc.. work. I know there are probably a lot of different answers (maybe as many as different traders

But in my opinion there is no magic in it I'm actually often quite amazed that some of this stuff seems to work at all): they only work if enough traders (or maybe better enough volume...

What you just expanded on is basically the point I was trying to get across to say that one can not look at the way I draw my fibs and discern it just because they see it as being upside down as many other traders may see it the same as I see it while another many may see it the other way and it will work to an extent because with the amount of traders out there I'm sure there is enough "volume of traders" doing it either way...but I agree with everything you have said though but what part do you disagree with....
No man is free who is not a master of himself. -P.M.-
  • #1,092
  • Nov 14, 2011 8:34am Nov 14, 2011 8:34am
Quoting pmullin86
..but I agree with everything you have said though but what part do you disagree with....
With this as a general point:

but if you use Oanda and I IBFX and we have different pivots as a result, you cant tell me my pivots are wrong and visa versa ( they will both work)


if one says that trend line, pivot ect.. work because many traders in the world see the same and respect them (for what ever reason) than 2 different pivots will not work both.

( because if that would be so - than why don't we just draw arbitrary lines and call them our pivot)

Anyway: I would not be to strict on that as the question would be how far off 2 such pivots are - and also if a trader takes them very strictly to the point or sees them more as a zone - soo there are many ifs and buts

As I said: I often wonder does such trend lines etc.. work to some extend at all.

I did not really follow the discussion - but I guess the other trader would have a point if you draw support and resistance the opposite way from the standard pivot calculation.

But if it works I would not change anything
__Thanks__ MJ
  • #1,093
  • Nov 14, 2011 9:27am Nov 14, 2011 9:27am
Quoting M_j
With this as a general point:

but if you use Oanda and I IBFX and we have different pivots as a result, you cant tell me my pivots are wrong and visa versa ( they will both work)


if one says that trend line, pivot ect.. work because many traders in the world see the same and respect them (for what ever reason) than 2 different pivots will not work both.

( because if that would be so - than why don't we just draw arbitrary lines and call them our pivot)

Anyway: I would not be...
It wouldn't be arbitrary lines because if I have IBFX and my pivots are calculated at 8 P.m. EST then there are a high volume of traders who will also be using IBFX and those pivots being calculated with the same price data so those pivots will be supoprt/resistance used by everyone using IBFX. While on the other hand, if you have OANDA and than everyone who used OANDA whose pivots are calculated lets say at 5 P.M EST than those pivot levels would be different but not arbitrary still because its based off of calculations from a set formula still and there is still a high volume of traders who use OANDA and thus would use those pivots making it self fulfilling as well...but not to any extent just arbitrary lines...the same way that standard pivots, cam pivots, fib pivots all are based off of different formulas and calculations but all three will provide effective support/resistance levels that price will respect to some extent because a high volume of traders I'm sure uses each of these whichever may fit their preference....but I have seen on Dredding's thread which uses mainly pivots where different members may have trades that others dont because they didn't have a pivot at the same level while those other members may have trades that the others don't because there pivots were different as well...should be of interest for anyone to look into as I've played around with the different pivots and such and seen that they do indeed all do serve there general purpose...lol but everyone has their own perspective...later tonight right before the close of the day and my pivots are reset...I will show you what I mean using two different brokers pivots and using different types of pivots and it will be a bit more clear what I mean where price bounces around and such off the different levels of each...but one would have to settle for whatever works for them...(kind of like that joke you made the other day)
No man is free who is not a master of himself. -P.M.-
  • #1,094
  • Edited 10:31am Nov 14, 2011 9:44am | Edited 10:31am
But mind you though the differences are not usually that great of a difference but just saying for a kind of extreme example...if I have my S1 level on the eur usd at 1.3856 and yours is at 1.3832 than I'm just saying there is a percentage of traders that will see S1 at the first price and a percentage of traders in the world that will see the level at the second price and trade each accordingly....
No man is free who is not a master of himself. -P.M.-
  • #1,095
  • Nov 14, 2011 10:14am Nov 14, 2011 10:14am
Nothing really has lined up today and so I haven't taken any entries today...but its pretty late in the day already with London about to close in about another 45 minutes...so probably nothing for today...
No man is free who is not a master of himself. -P.M.-
  • #1,096
  • Edited 11:25am Nov 14, 2011 11:08am | Edited 11:25am
3 different pivots on one chart (standard pivots...bigger dashed lines....fib pivots-smaller dotted lines and cam pivots are solid lines...) with each showing how price respects them on different levels throughout the day...but again not just randomly placed lines since they are plotted based on their own calculations but see how the standard pivots had price stop at its r3 level but the fibonacci pivot levels exceeded that r3 level and price made a higher low at the cam pivot level and right above that price made another test and fail at the r1 of the fib pivots...and now testing the next cam pivot level h4 long break out level....all different pivots but all proving effective the way I would use them...and this is kind of the point I was trying to make....even with some of the differences being slight while there still being some extreme differences like once the price exceeded the daily r3 and was just hitting the r1 on fib pivot which is a bit of an extreme difference....
Attached Image (click to enlarge)
Click to Enlarge Name: 3 pivots.gif Size: 41 KB
No man is free who is not a master of himself. -P.M.-
  • #1,097
  • Edited Nov 15, 2011 3:01am Nov 14, 2011 1:51pm | Edited Nov 15, 2011 3:01am
Quoting pmullin86
It wouldn't be arbitrary lines because if I have IBFX and my pivots are calculated at 8 P.m. EST then there are a high volume of traders who will also be using IBFX and those pivots being calculated with the same price data so those pivots will be supoprt/resistance used by everyone using IBFX.

> It wouldn't be arbitrary lines

Yep, I did on purpose over push my statement - you are of course right and that is also what I meant that I'm astonished that this lines we trader drow are working at least to some extend so that one can look for some preferred chart situations.

> Then there are a high volume of traders who will also be using IBFX

Personally I thought a bit that IBFX or Oanda traders are the ones who move the market with there volumes
CORRECTION of the sentence above: I did miswrite what I meant:#
Personally I do NOT thinkt that IBFX or Oanda traders are the ones who move the market with there volumes
END CORRECTION:

(also taking into account that not every one uses such lines (e.g. I did not really use pivot) and also that people use different calculated once.

I guess this volumes are good enough for real short term scalper (and people like me in the past when I traded on Oanda of the 10 Sec Charts).


Quoting pmullin86
But mind you though the differences are not usually that great of a difference ...
that is also what I meant by saying it depends additionally a bit if one uses such lines as fix points or more like a Zone with some flexibility (like our MAZone Alert idea).


BTW: I opened recently a thread somewhat related to this: (No reply though

Different Charting software: Hole in charts? http://www.forexfactory.com/showthread.php?t=324524


It come from some of my MTF indi calculation coding and MT4 holes in the charts: My main interest why I opened the thread was really very much what we talk here:

As the why how charting software handle bars without price changes and also daily opening time H4 bars opening hours etc.. effect most indi (I check for instance MA with a chart with holes and one withouth such holes (was a slight difference. I wanted to know how the major charting soft ware use such -- Basically: What are the majority of traders are seeing on their charts when I look at mine at the same time? That was the background.


It also came because I tried out the Renko bar charts (is also an offline chart and was somehow related to the 'hole in chart thing')

I did not play enough but it is still an interesting concept .. I might look into it in the future.

But than again I asked myself: what is the % of traders who use Renko bars and see the same what I will see?

I guess once my personal life has settled a bit I might play with some combination of 'normal charts' and Renko bars ... just to see if that might be helpful.


Anyway: I always say: if the money comes in the person must do something right and if the return is really good -- don't change anything (does not mean one can't look for other things or even a more professional approach etc.. etc. but in the end: the return is what matters in this business - and not too much how you get there (I'm not talking about 1 time luck)

1000% within a day http://www.forexfactory.com/showthread.php?t=317354
Ok, exactly calculated it is +3084% within 28 hours!

As great as it is to book over 3000% in a day+ or double an account in a week, 1 month, 3 month .. this are often (maybe not always lucky strikes)

but if an approach gives a regular, relatively constant good or exceptional good return (in relation to the involved risk) - I would not change it (also not to open bar value indi - and even if my indi are all upside-down I would cash my constant return and not bother one minute to change the indi to their correct way.

But maybe I would play with something completely different etc.. (I always did a bit of that - it's kind in the blood for some people)

or set the SL to 50% after a lot of statistic .


But it is sometimes a good thing to recall - how feeble are some of the trading tools - tools we rely on with a lot of money.
It helps to appreciate positive returns and also keeps one in a more humble state of mind - which sometimes exceptional short term returns seem to blur.
__Thanks__ MJ
  • #1,098
  • Nov 14, 2011 4:28pm Nov 14, 2011 4:28pm
It wouldn't be arbitrary lines

Yep, I did on purpose over push my statement - you are of course right and that is also what I meant that I'm astonished that this lines we trader drow are working at least to some extend so that one can look for some preferred chart situations.

It is pretty amazing the way that these lines do work especially when I first began really exploring the use of trendlines and something as simple as the idea of connecting point a to b to c could be so powerful and of course I oversimplified it but I'm sure you get what I mean...

> Then there are a high volume of traders who will also be using IBFX

Personally I thought a bit that IBFX or Oanda traders are the ones who move the market with there volumes.

I thought so as well and thats why I used those two as my examples...



that is also what I meant by saying it depends additionally a bit if one uses such lines as fix points or more like a Zone with some flexibility (like our MAZone Alert idea).

This is an awesome idea that I would love to see some more thought put into and see how you fully utilize this zone in the end....

BTW: I opened recently a thread somewhat related to this: (No reply though

Different Charting software: Hole in charts? http://www.forexfactory.com/showthread.php?t=324524


It come from some of my MTF indi calculation coding and MT4 holes in the charts: My main interest why I opened the thread was really very much what we talk here:

As the why how charting software handle bars without price changes and also daily opening time H4 bars opening hours etc.. effect most indi (I check for instance MA with a chart with holes and one withouth such holes (was a slight difference. I wanted to know how the major charting soft ware use such -- Basically: What are the majority of traders are seeing on their charts when I look at mine at the same time? That was the background.


It also came because I tried out the Renko bar charts (is also an offline chart and was somehow related to the 'hole in chart thing')

I did not play enough but it is still an interesting concept .. I might look into it in the future.

But than again I asked myself: what is the % of traders who use Renko bars and see the same what I will see?

I personally do love the renko bars and think that if you have an interest in them than it is definitely worth the looking into but at the same time you are right as to the percentage of traders trading the renko bars are probably relatively low but I'm sure still enough to be successful...

I guess once my personal life has settled a bit I might play with some combination of 'normal charts' and Renko bars ... just to see if that might be helpful.


Anyway: I always say: if the money comes in the person must do something right and if the return is really good -- don't change anything (does not mean one can't look for other things or even a more professional approach etc.. etc. but in the end: the return is what matters in this business - and not too much how you get there (I'm not talking about 1 time luck)

1000% within a day http://www.forexfactory.com/showthread.php?t=317354
Ok, exactly calculated it is +3084% within 28 hours!

As great as it is to book over 3000% in a day+ or double an account in a week, 1 month, 3 month .. this are often (maybe not always lucky strikes)

and even if my indi are all upside-down I would cash my constant return and not bother one minute to change the indi to their correct way.

Nice statement and definitely agreed as I play around with a lot of different things but mostly just for my own curiosity but would take a lot for me to actually change something

But maybe I would play with something completely different etc.. (I always did a bit of that - it's kind in the blood for some people)

I do have to admit that it does seem I'm wired this way myself...



or set the SL to 50% after a lot of statistic .

Looking good so far with the trending entries and may just be the change in trade management that I've been looking for. I'm not sure if you recall me saying that I was open to different ideas and such as to how people manage their trades but this was a nice addition...still working on the statistics for this...


But it is sometimes a good thing to recall - how feeble are some of the trading tools - tools we rely on with a lot of money.

The thought of this was crazy to me during my initial introduction into the market and thats why even after I went live for the first time in the beginning of the year. I had to turn around and take some time away from my live account and go back to demo for another month or so to work on building my confidence up a bit because of the idea of risking this money on these tools...but as feeble and simple as some may be or seem I did have to realize just how powerful some of these tools really are and can be since its all just based on numbers...stochastics, moving averages, price, rsi, mac d whatever you want to use...even pivots we talked about earlier are all just derivatives of price and the very instrument that we are actually trading...but the market is moved based off of numbers as so many other things that drive the universe when it all boils down to it...lol....but driven off numbers and patterns...the very patterns that these feeble tools make apparent to us...lol but still can be some pretty scary stuff though and I guess for that reason not anyone can be a trader as it truly does take a different type of person to be able to put money on the line each and every single day the way that we do...and that simple reason being why so many people do not find success with the same exact tools...sigh....I'm rambling now...not even sure where I was going with this....
It helps to appreciate positive returns and also keeps one in a more humble state of mind - which sometimes exceptional short term returns seem to blur.

Staying humble I think is the key word here as many may find it hard to do like you said when there is a nice run of exceptional returns many tend to than get arrogant and big headed as many I have seen around forex factory failing to realize that the market owes no one anything but I don't think true success is attained without remaining humble... (what do you mean?...) When I say that I mean that you could become rich overnight but if that changes your character and makes you become a completely different person than in my eyes that is not success...its just you become rich overnight from being lucky...lol...because as quickly as those riches were acquired is as quickly as they can be taken away....it may be an odd statement that many may not agree with but its just how I view it...
No man is free who is not a master of himself. -P.M.-
  • #1,099
  • Nov 15, 2011 3:30am Nov 15, 2011 3:30am
BLUE:
hi I just saw that I have miswritten something and I corrected it in the original post for the years to come



> Then there are a high volume of traders who will also be using IBFX

Personally I thought a bit that IBFX or Oanda traders are the ones who move the market with there volumes.

CORRECTION: I meant to say that I do not think that IBFX or Oanda traders are the ones who move the market - I don't think so.
Sorry for that and I do not share your point on this.
CORRECTION END
I thought so as well and thats why I used those two as my examples...

BTW: I had somewhere a pdf which showed some of the forex volumes and changes over the last years -- really good paper - but no way I will find it any soon


that is also what I meant by saying it depends additionally a bit if one uses such lines as fix points or more like a Zone with some flexibility (like our MAZone Alert idea).

This is an awesome idea that I would love to see some more thought put into and see how you fully utilize this zone in the end....

You'll have to wait for that till I get back to a normal life.


and even if my indi are all upside-down I would cash my constant return and not bother one minute to change the indi to their correct way.

Nice statement and definitely agreed as I play around with a lot of different things but mostly just for my own curiosity but would take a lot for me to actually change something

Having said what I said above: my personal advice to you would to take: mrfigure input and check it out if it might work better the standard way.

I think it was very nice of him to point this out: that does not mean I would necessarily change my charts but at least I would look into it if he has a good point... anyway just my opinion...



It helps to appreciate positive returns and also keeps one in a more humble state of mind - which sometimes exceptional short term returns seem to blur.

Staying humble I think is the key word here as many may find it hard to do like you said when there is a nice run of exceptional returns many tend to than get arrogant and big headed as many I have seen around forex factory failing to realize that the market owes no one anything but I don't think true success is attained without remaining humble...
(what do you mean?...)
When I say that I mean that you could become rich overnight but if that changes your character and makes you become a completely different person than in my eyes that is not success...its just you become rich overnight from being lucky...lol...because as quickly as those riches were acquired is as quickly as they can be taken away....it may be an odd statement that many may not agree with but its just how I view it...


Quoting Ati Baia
Cheers
Ati

Money is important, Love is essential.
I think Ati has a nice Signature which says a lot and puts things into perspective.

PS: pmullin86 do you still plan to go full-time by January?
__Thanks__ MJ
  • #1,100
  • Nov 15, 2011 5:12am Nov 15, 2011 5:12am
only one entry taken so far last night before bed ....a short on aud usd which was closed for 4% ....
No man is free who is not a master of himself. -P.M.-
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