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Time Determines Everything in Our Life!

  • #21
  • Nov 7, 2012 10:05am Nov 7, 2012 10:05am
Quoting rugevo
Another very important point what I realized from my experience. Learn to trade is a Personal Path, even if you read lots educational books and attend to seminars or webinars, nobody can teach another one how to curb their emotions... and all people are different: self discipline could be easy step for someone and for another very painful path...................

Yup. Emotions is the powerful force to kill trader. I used to be emotion trading in the past, chase market, panic, worry, anyhow play. Disaster came to me in the end. Today now i am different. What i could say is totally rely on trader mindset and behaves. If someone have the incorrect way of thinking and attitude, this sure would lead to different bad consequences.

It is good if trader could apply EA and VPS instead of manual trading.
  • #22
  • Nov 8, 2012 1:06am Nov 8, 2012 1:06am
Quoting rugevo
respond to "ppleng'' There is nothing you can do ...it will take TIME... I trade for 8 Years, I never traded Demo accounts...I was loosing for 5+ years and most reason NOT the technical, but emotional & psychological.........................
I agree with ur opinion. I deal with unrealized P/L calmly, but the balance of my account will be double ,I always be out of control. Perhaps, My exp is not enough. So here is a result now.

I only have a question to u. I find many many people of forexfactory.com trade currencies better, but not the XAU、XAG....Why?
  • #23
  • Nov 8, 2012 7:25am Nov 8, 2012 7:25am
Quoting ppleng
I agree with ur opinion. I deal with unrealized P/L calmly, but the balance of my account will be double ,I always be out of control. Perhaps, My exp is not enough. So here is a result now.

I only have a question to u. I find many many people of forexfactory.com trade currencies better, but not the XAU、XAG....Why?
I have another account where I trade both... I took +83pips on election day on XAGUSD ... I dont have metal pairs on Citi FX Pro, this is only reason why I am not trading these pairs here...
  • #24
  • Nov 8, 2012 8:03am Nov 8, 2012 8:03am
Quoting rugevo
Another very important point: this is ONE of the MOST IMPORTANT RULE for me:
I have to have at least 2 different confirmations to enter in to the market.
For example: I use RSI, MAs & Fib. Levels... I am very confident when all 3 match...
hi, Rugevo, can u show some example, how u use the rsi, Ma, & fib. level to entry, & exit the trade more detail, thankz, god bless you^^
  • #25
  • Nov 8, 2012 8:19am Nov 8, 2012 8:19am
Quoting rugevo
I have another account where I trade both... I took +83pips on election day on XAGUSD ... I dont have metal pairs on Citi FX Pro, this is only reason why I am not trading these pairs here...
NICE WORK...
  • #26
  • Nov 8, 2012 8:21am Nov 8, 2012 8:21am
Quoting S.C.yeow83
hi, Rugevo, can u show some example, how u use the rsi, Ma, & fib. level to entry, & exit the trade more detail, thankz, god bless you^^
Ok, there is link for screen shot for 30Min. Chart GBPUSD... this is one of the setups I use...
C:UsershpcuserDesktopscreen shot.gif

It was perfect setup combination with 4+confirmations:
1) 38% Fib. Level
2) Strong Res. Level. After it breaks as support point it came back first time and made Short Entry Level on Nov. 5, (I placed arrows) after it took take profit, it's confirmed as strong Res. Level... its NOT a luck that lots confirmations end up on SAME level later: 38% Fib; 200SMA & 300EMA; 2 confirmed Res. Levels + RSI Confirmation...
3) 200SMA & 300EMA
4) RSI take a look channel line and level of RSI between 1st and last points...
Simply, it was PERFECT SETUP
  • #27
  • Nov 8, 2012 8:24am Nov 8, 2012 8:24am
Quoting rugevo
Ok, there is link for screen shot for 30Min. Chart GBPUSD... this is one of the setups I use...
C:UsershpcuserDesktopscreen shot.gif

It was perfect setup combination with 4+confirmations:
1) 38% Fib. Level
2) Strong Res. Level. After it breaks as support point it came back first time and made Short Entry Level on Nov. 5, (I placed arrows) after it took take profit, it's confirmed as strong Res. Level... its NOT a luck that lots confirmations end up on SAME level later: 38% Fib; 200SMA & 300EMA; 2 confirmed Res. Levels + RSI Confirmation...
3)...
By the way I attached Link as well...
Attached Image (click to enlarge)
Click to Enlarge Name: screen shot.jpg Size: 172 KB
  • #28
  • Nov 8, 2012 8:42am Nov 8, 2012 8:42am
Quoting rugevo
Ok, there is link for screen shot for 30Min. Chart GBPUSD... this is one of the setups I use...
C:UsershpcuserDesktopscreen shot.gif

It was perfect setup combination with 4+confirmations:
1) 38% Fib. Level
2) Strong Res. Level. After it breaks as support point it came back first time and made Short Entry Level on Nov. 5, (I placed arrows) after it took take profit, it's confirmed as strong Res. Level... its NOT a luck that lots confirmations end up on SAME level later: 38% Fib; 200SMA & 300EMA; 2 confirmed Res. Levels + RSI Confirmation...
3)...
I pay attention to ur reply that U use 200SMA & 300EMA. And then, U consider time is decisive effect to everything. So I don't understand that Why U choose 200 & 300 circle as ur MA sys, I think this MA circle is too slow to respond quickly....
  • #29
  • Nov 8, 2012 8:43am Nov 8, 2012 8:43am
Hi rugevo,

I have to say that I followed the same path, read almost any book available out there, followed so many systems and all this for the same result: Account = 0, Shoot again.

But I'm still there and this time, like you, my charts are also clear of any colorful indicator and I also understood that time was important in trading.

Any trader must make his way...

Glad to see your linked explorer, FF mods should make it mandatory for any one wanting to publish his trading system, we would see in a second what is rubbish and what is interesting to follow...

All the best.
Simplicity is the Ultimate Sophistication.
  • #30
  • Nov 8, 2012 8:52am Nov 8, 2012 8:52am
Quoting ppleng
I pay attention to ur reply that U use 200SMA & 300EMA. And then, U consider time is decisive effect to everything. So I don't understand that Why U choose 200 & 300 circle as ur MA sys, I think this MA circle is too slow to respond quickly....
This is one of the setups... I also use 100ema, 50ema, 21 ema, 75sma all in certain market conditions...it's hard to explain, cause this is why I named this discussion "Time Determines Everything...." it took me several years to understand when and what to apply... if you take only one MA and lets say RSI or another tool, I don't think that you will be able to succeed ... I spend 1000s of hours for backtesting and real accounts testing.. be honest, I dont know how to explain when you have to change from one approach to another. I watch how market behave and suddenly I realize that it changing...then I apply tools for that market condition... I hope it helps a little... thanks
  • #31
  • Nov 8, 2012 8:56am Nov 8, 2012 8:56am
Quoting broketrader
hi rugevo,

i have to say that i followed the same path, read almost any book available out there, followed so many systems and all this for the same result: Account = 0, shoot again.

But i'm still there and this time, like you, my charts are also clear of any colorful indicator and i also understood that time was important in trading.

Any trader must make his way...

Glad to see your linked explorer, ff mods should make it mandatory for any one wanting to publish his trading system, we would see in a second what is rubbish and what is...
i really and honestly wish you all best...i know its painful path...just stick to it and you will make it... )
  • #32
  • Nov 8, 2012 9:19am Nov 8, 2012 9:19am
Another point:
Sometime I hear when traders saying that Trading is Very easy. For me that kind of statement it's simple "Inexperienced Trader" I would NEVER agree with such statement. It might be easy for you, after ALL you experienced, but it's VERY tough game. It might take years, before trader consistently makes money. I have friend of mine who is very good trader, he makes up to 2,000 pips a month, BUT he trade MINI account, he cant trade 6 figures accounts... I have another friend who is good futures trader, after 5 years he achieve to half million point annually... he tried few times to add more funds to make $1+ million, he starts loosing...after all he stick to his leverage and he continuing making money year after year in his half. mil. zone...
  • #33
  • Nov 8, 2012 9:23am Nov 8, 2012 9:23am
Quoting rugevo
This is one of the setups... I also use 100ema, 50ema, 21 ema, 75sma all in certain market conditions...it's hard to explain, cause this is why I named this discussion "Time Determines Everything...." it took me several years to understand when and what to apply... if you take only one MA and lets say RSI or another tool, I don't think that you will be able to succeed ... I spend 1000s of hours for backtesting and real accounts testing.. be honest, I dont know how to explain when you have to change from one approach to another. I watch how market...
It is very difficult to find one of the indicators to spot the price behavior in all the time. I have tried so but is hard because the data (candlestick price) injects into chart is not consistent in pertaining to market volatility. So these noise is the root cause to blame for. And i personally think that support and resistance and MA is much more better. MA is lagging and because price action reacts faster than MA, so it would form the behavior like acting as trendline or channel and this is just a coincidence, but it is well used.

Could i get your advice about trending and ranging? Because i am looking something to spot both of these.
  • #34
  • Nov 8, 2012 9:30am Nov 8, 2012 9:30am
Quoting rugevo
Ok, there is link for screen shot for 30Min. Chart GBPUSD... this is one of the setups I use...
C:UsershpcuserDesktopscreen shot.gif

It was perfect setup combination with 4+confirmations:
1) 38% Fib. Level
2) Strong Res. Level. After it breaks as support point it came back first time and made Short Entry Level on Nov. 5, (I placed arrows) after it took take profit, it's confirmed as strong Res. Level... its NOT a luck that lots confirmations end up on SAME level later: 38% Fib; 200SMA & 300EMA; 2 confirmed Res. Levels + RSI Confirmation...
3)...
thanks, how is your risk managment, how much risk do you use per trade, ^^?
  • #35
  • Nov 8, 2012 9:40am Nov 8, 2012 9:40am
Quoting S.C.yeow83
thanks, how is your risk managment, how much risk do you use per trade, ^^?
Its ALL depends how solid confirmation is. I trade several different accounts with different leverages. The one I attached here, my personal one, I trade RISKY with 10% leverage... I use very small stops, between 8-30 pips...there is no point to have more then that, cause when is PERFECT level or setup, you dont need it. If its break that level, you have to know where it might go and just place Entry order to next level... I hope it's help.............. )
  • #36
  • Nov 8, 2012 9:42am Nov 8, 2012 9:42am
Quoting ~bull.bear~
It is very difficult to find one of the indicators to spot the price behavior in all the time. I have tried so but is hard because the data (candlestick price) injects into chart is not consistent in pertaining to market volatility. So these noise is the root cause to blame for. And i personally think that support and resistance and MA is much more better. MA is lagging and because price action reacts faster than MA, so it would form the behavior like acting as trendline or channel and this is just a coincidence, but it is well used.

Could i...
"Trending and Ranging" You mean how to recognize when is what..???
  • #37
  • Nov 8, 2012 10:03am Nov 8, 2012 10:03am
Quoting rugevo
"Trending and Ranging" You mean how to recognize when is what..???
You are right!
  • #38
  • Nov 8, 2012 10:45am Nov 8, 2012 10:45am
Awesome!
  • #39
  • Nov 8, 2012 7:19pm Nov 8, 2012 7:19pm
Quoting rugevo
This is one of the setups... I also use 100ema, 50ema, 21 ema, 75sma all in certain market conditions...it's hard to explain, cause this is why I named this discussion "Time Determines Everything...." it took me several years to understand when and what to apply... if you take only one MA and lets say RSI or another tool, I don't think that you will be able to succeed ... I spend 1000s of hours for backtesting and real accounts testing.. be honest, I dont know how to explain when you have to change from one approach to another. I watch how market...
THank 4 ur patience, I have get so many suggestion from U . Thx
  • #40
  • Nov 9, 2012 7:57am Nov 9, 2012 7:57am
Quoting ~bull.bear~
You are right!
Its very hard to explain, I think the most its coming from experience, I enter in to the market when I see clear picture and sometime I think it's clear, but I am absolutely wrong ...any trade has take to profit level, 1st signal that might indicate that trend could be changed IF last move didn't get to take profit level...any trend changes starts from smaller time frame... I am watching for Daily and 4HR candle close prices...also, I use 10EMA on Daily and combination of 75SMA/21EMA on 4HR when they cross...I think it's "blurry explanation" cause the most important how you adopt your self in to the market condition, then you start getting to understand when and which tool to use for this certain of conditions....
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