DislikedIt simply wasn't a clear short. I was just trying to write out was clearly goes through my head when I see it. I didn't write all that down saying that is what I would sit thinking over as i saw the chart.
I simply would see a rejection doji, no clear short trend, and not enough room for a profitable trade
The trade I explained would be a contratrend trade that would have to be quick, many ways to skin a catIgnored
- #731
- Edited 12:11pm Sep 16, 2012 11:32am | Edited 12:11pm
Hey Hugh good to see thread coming up and it looks to be moving along nicely,as for the evolution of this thread and developments made thus far since the early stages,I always knew this baby had legs and a heart.
Now from your point of view can you draw the conclusion that this is even quicker than the dirtier,meaning this is more effective in increasing one's production,than the sequel?(the twin with fibs or 2.0)
Thanks for yours and all others efforts to build this strategy,keep up the great work and keep it coming!cheers and happy trading
Now from your point of view can you draw the conclusion that this is even quicker than the dirtier,meaning this is more effective in increasing one's production,than the sequel?(the twin with fibs or 2.0)
Thanks for yours and all others efforts to build this strategy,keep up the great work and keep it coming!cheers and happy trading
To Write Sonnets On Soliloquies In A Fortress Of Solitude
- #733
- Sep 16, 2012 12:49pm Sep 16, 2012 12:49pm
I always liked this system because it had sound and simple rules which seemed like logic especially with it's incorporation of the pending order feature which is found on any standard metatrader platform(please believe I'm no crim or charlatan 
)
To most I believe this one variable get's overlooked heavily in determining one's success or not this maybe for a whole new thread on it's own but real quick let's take look at the psychology of a trader
picture how one's own mind feels when entering a trade and then immediately seeing negative numbers in a loss hoping(newbs
) or expecting(pros and soon to be pros
) price to keep moving in the desired direction and turn positve(market),now again picture how one's own mind feels when entering a trade and hoping(newbs) or expecting(pros soon to be pros) price to come to your order then reverse almost sounds like picking tops and bottoms I heard one person say,others say this type of trading is just plain silly and ridiculous,while of course we have some that say they make they bread and butter with it,in fact mb pays you to trade this way,is it a broker trap?me personally I don't like this type of order neither.(limit)
So now on to the ideal order in which I believe should be used in all trading systems to increase chances,like if you want fast action just enter a pending order as close as possible to the market(this is better than market/limit orders I think) Because to try to win always coming from behind is hard on the brain which is essentially happening when we start off in a loss and to try to project price to come to you and then do a reversal is like come on man it's too discretionary enough just joining price and watching it ride out i already have to be slightly psychic to survive this market but now ya'll want me to become a shaman or something like ms.cleo which is why I fundamentally believe in pending orders as we are expecting price to come to us and keep it moving,sorry Hugh didn't want to take up much of your thread but it's all for this thread which I like
,thanks and here's to tomorrow I don't mess with sunday night
)To most I believe this one variable get's overlooked heavily in determining one's success or not this maybe for a whole new thread on it's own but real quick let's take look at the psychology of a trader
picture how one's own mind feels when entering a trade and then immediately seeing negative numbers in a loss hoping(newbs) or expecting(pros and soon to be pros) price to keep moving in the desired direction and turn positve(market),now again picture how one's own mind feels when entering a trade and hoping(newbs) or expecting(pros soon to be pros) price to come to your order then reverse almost sounds like picking tops and bottoms I heard one person say,others say this type of trading is just plain silly and ridiculous,while of course we have some that say they make they bread and butter with it,in fact mb pays you to trade this way,is it a broker trap?me personally I don't like this type of order neither.(limit)So now on to the ideal order in which I believe should be used in all trading systems to increase chances,like if you want fast action just enter a pending order as close as possible to the market(this is better than market/limit orders I think) Because to try to win always coming from behind is hard on the brain which is essentially happening when we start off in a loss and to try to project price to come to you and then do a reversal is like come on man it's too discretionary enough just joining price and watching it ride out i already have to be slightly psychic to survive this market but now ya'll want me to become a shaman or something like ms.cleo which is why I fundamentally believe in pending orders as we are expecting price to come to us and keep it moving,sorry Hugh didn't want to take up much of your thread but it's all for this thread which I like
,thanks and here's to tomorrow I don't mess with sunday night
To Write Sonnets On Soliloquies In A Fortress Of Solitude
- #740
- Edited 7:18pm Sep 16, 2012 7:06pm | Edited 7:18pm
PipLegend.....what on earth are you trying to say? I read your post 3 times and I still can't make sense of it. Please clarify. Punctuation marks may help.
My digital trader buddies don't feel upset but 95 percent
of all the people I ever met in my life never could understand me flat out unless I explained myself(my angle),so don't feel bad or left out,thanks for the inquiry but the one variable I mentioned being heavily overlooked yet maybe the deciding factor so is extremely critical to one's psychology while executing a trade and being successful or not was the " the ideal order in which I believe should be used in all trading systems" which is the simple incorporation of Pending orders while using systems vs the market and limit orders,I'm just saying my preference all along is use these types(pending) of orders and I believe more should look into using it to be sustainable in this business,thanks and happy pip hunting
To Write Sonnets On Soliloquies In A Fortress Of Solitude