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  • #809,021
  • Jun 19, 2013 8:53am Jun 19, 2013 8:53am
Quoting kuroro001
{quote} 100% agree. SCREENTIME Nothing to add.

My trading or profits increased by huge margin since I stopped spending time in front of PC or "screentime" and moved my taking profits in days and weeks.
Basically real profits are in swing trading and anything less is basically less profit.
Any serious trader should move away from scalping.Why go for little bird when buffalo is on the menu.
Please read this article

http://www.learntotradethemarket.com...-forex-trading
What Crocodiles Can Teach You About Trading
In trading, you have to be defensive and aggressive at the same time
  • #809,022
  • Jun 19, 2013 8:56am Jun 19, 2013 8:56am
Quoting Davit
{quote} My trading or profits increased by huge margin since I stopped spending time in front of PC or "screentime" and moved my taking profits in days and weeks. Basically real profits are in swing trading and anything less is basically less profit. Any serious trader should move away from scalping.Why go for little bird when buffalo is on the menu. Please read this article http://www.learntotradethemarket.com...-forex-trading What Crocodiles Can Teach You About Trading

screen time to 2 learn pa , to increase profit you have to trust your self (i am still learning that part), if you get panic & closed on reverse candle you are same as me
Mohan
  • #809,023
  • Jun 19, 2013 9:03am Jun 19, 2013 9:03am
Quoting mohan76
{quote} later we may have to add spectacles
Maybe calm before the storm...
  • #809,024
  • Jun 19, 2013 9:03am Jun 19, 2013 9:03am
Quoting Davit
{quote} My trading or profits increased by huge margin since I stopped spending time in front of PC or "screentime" and moved my taking profits in days and weeks. Basically real profits are in swing trading and anything less is basically less profit. Any serious trader should move away from scalping.Why go for little bird when buffalo is on the menu. Please read this article http://www.learntotradethemarket.com...-forex-trading What Crocodiles Can Teach You About Trading
Hey mate. How are you? Long time. Well I do agree with you but for this you need a big account with big SLs. Which means risking more to gain little which I believe as not a good trading.

If you are opening 0.01 to 0.1 lots with 1500 pip SLs then yes your method is good but not all can have that much huge account. I too don't do 5m 15m scalping. But 1h 4h or daily is what I think a good practice. Maybe it's also a scalping for you but making 100+ to 600+ weekly is sufficient for me and IMO for most of here.
  • #809,025
  • Edited 9:25am Jun 19, 2013 9:04am | Edited 9:25am
Quoting gatorinla
{quote} it dropped to 5615 atm... it never hit 5788/89.. at 5609 it may want to bounce to 5788??? need a sign...

i took some profit, the rest are locked in green.. she may need 5635/40 before higher. she missed a mofu cross in the 4 h by .00002 pips... she may need to start below 5643 and close 5688 in a single hour. in the posted chart a close above the yellow line would help
edit 5668
those who can, do. those who cant, talk about those who can
  • #809,026
  • Jun 19, 2013 9:06am Jun 19, 2013 9:06am
Quoting mohan76
{quote} screen time to 2 learn pa , to increase profit you have to trust your self (i am still learning that part), if you get panic & closed on reverse candle you are same as me

I stopped trading candles.To me what matters is harmonics key fib numbers 38.2 61.8 78.6 88.6 of weekly main trend.
I know what you mean screentime.I stopped my screentime after spending enough screeentime to discover that bigger charts contain bigger profits.
It is as simple as that.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #809,027
  • Jun 19, 2013 9:10am Jun 19, 2013 9:10am
Quoting Davit
{quote} My trading or profits increased by huge margin since I stopped spending time in front of PC or "screentime" and moved my taking profits in days and weeks. Basically real profits are in swing trading and anything less is basically less profit. Any serious trader should move away from scalping.Why go for little bird when buffalo is on the menu. Please read this article http://www.learntotradethemarket.com...-forex-trading What Crocodiles Can Teach You About Trading
That's the kind of trading I want to achieve.

But I also agree that one of the steps to that is to burn your eyes before the screen.

In fact, my original questions about the "mofu methodology" were not intended to just follow someone's strategy, but to adapt some hints to my own, nothing more than that. As I said before, don't want anybody's secrets, just some clues to be in the right tracks.

Also on the topic of "being or not 24/7 on the screen", my methodologies try to be independent of what the charts show, but now I know that this can't be put to that exact extreme. One has to be rational and understand that you have to spot some sort of "middle point" in order to be in sync with the market. That's also why I haven't put many charts on FF, apart of being shy. So now it's "screentime" for me, I guess.
Visit my Drumming & Percussion Blog - DrumsCult com
  • #809,028
  • Jun 19, 2013 9:11am Jun 19, 2013 9:11am
Quoting Davit
{quote} I stopped trading candles.To me what matters is harmonics key fib numbers 38.2 61.8 78.6 88.6 of weekly main trend. I know what you mean screentime.I stopped my screentime after spending enough screeentime to discover that bigger charts contain bigger profits. It is as simple as that. Regards

And bigger risk, of course! And you need bigger liquidity.
  • #809,029
  • Jun 19, 2013 9:12am Jun 19, 2013 9:12am
most likely it will do a spike up shake out of weak shorts and then fall down.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #809,030
  • Jun 19, 2013 9:12am Jun 19, 2013 9:12am
Quoting namitak007
{quote} Hey mate. How are you? Long time. Well I do agree with you but for this you need a big account with big SLs. Which means risking more to gain little which I believe as not a good trading. If you are opening 0.01 to 0.1 lots with 1500 pip SLs then yes your method is good but not all can have that much huge account. I too don't do 5m 15m scalping. But 1h 4h or daily is what I think a good practice. Maybe it's also a scalping for you but making 100+ to 600+ weekly is sufficient for me and IMO for most of here.

Hi I am doing fine.Nothing wrong what works for you.Everyone is different.
My account is modest under 10k.Position size and leverage is important basically one must know core principles of money management before thinking about profits.I don't have 1500 pip SL.
In trading, you have to be defensive and aggressive at the same time
  • #809,031
  • Jun 19, 2013 9:13am Jun 19, 2013 9:13am
Quoting godim
{quote} Famous Mofu is nothing more than a Fibo. The interval is divided into 16 parts. The question is how to use it. And there is no way to learn. So, you better look for a PA. {image}

hmmmm,,, in a word, no.
one in the same
those who can, do. those who cant, talk about those who can
  • #809,032
  • Jun 19, 2013 9:15am Jun 19, 2013 9:15am
Quoting namitak007
{quote} Hey mate. How are you? Long time. Well I do agree with you but for this you need a big account with big SLs. Which means risking more to gain little which I believe as not a good trading. If you are opening 0.01 to 0.1 lots with 1500 pip SLs then yes your method is good but not all can have that much huge account. I too don't do 5m 15m scalping. But 1h 4h or daily is what I think a good practice. Maybe it's also a scalping for you but making 100+ to 600+ weekly is sufficient for me and IMO for most of here.

I don't think you need to have those huge s/l to get long runners.
Visit my Drumming & Percussion Blog - DrumsCult com
  • #809,033
  • Jun 19, 2013 9:16am Jun 19, 2013 9:16am
Quoting skrymir85
{quote} And bigger risk, of course! And you need bigger liquidity.

you can reduce your exposure to confirm your trading goals .I have made consistent 10% a month since 2013 or basically since I stopped trading smaller TF.
In trading, you have to be defensive and aggressive at the same time
  • #809,034
  • Jun 19, 2013 9:17am Jun 19, 2013 9:17am
Quoting mohan76
{quote} screen time to 2 learn pa , to increase profit you have to trust your self (i am still learning that part), if you get panic & closed on reverse candle you are same as me
i improved abit as i get more confident in your training, u know what i mean. u dont feel anymore when u see neg pips or get too excited too easily when lots of pos pips, im still cultivating that part. Thats what my quote means "Learn to be stupid" , trade with no emotions.
  • #809,035
  • Jun 19, 2013 9:18am Jun 19, 2013 9:18am
Quoting Goodvalley
{quote} Almost five years. Not a gambler, but I know how it feels to lose your entire real account... twice. Not ashamed of admitting it. Learnt a lot of myself by that. Also learnt my own limitations and fears as a human, very enlightning. On top of that, learnt that trading is a really serious thing with a hard learning process. So I've been learning a lot about mm and position sizing, good r/r and following some senior traders in FF. At least, now I know the classic mistakes that separates the people that really want to...
gold
those who can, do. those who cant, talk about those who can
  • #809,036
  • Jun 19, 2013 9:20am Jun 19, 2013 9:20am
My 15 shorts on EC doing great.Price dropped 60pips in 1hr.
In trading, you have to be defensive and aggressive at the same time
  • #809,037
  • Jun 19, 2013 9:21am Jun 19, 2013 9:21am
Quoting Davit
{quote} My trading or profits increased by huge margin since I stopped spending time in front of PC or "screentime" and moved my taking profits in days and weeks.
u need huge margins for that , i mean in front of pc.

its like cultivating a good habit , if u do that when trading 1 lot , u will also do likewise on a zillion lots, no difference.


i hate to see a -30 pips exposure to my assets on any open trades, sometimes it happens and all your decisions , mentality , confidence , greed , fear are put into action. i always tell myself if this trade doesnt give me at least a 3x SL , profit , dont even think on entering on any condition, even if im confident,
  • #809,038
  • Jun 19, 2013 9:25am Jun 19, 2013 9:25am
Quoting tankokjian
{quote} u need huge margins for that , i mean in front of pc. i hate to see a -30 pips exposure to my assets on any open trades, sometimes it happens and all your decisions , mentality , confidence , greed , fear are put into action. i always tell myself if this trade doesnt give me at least a 3x SL , profit , dont even on any condition, even if im confident,

huge margin?No!
Once again reducing your lot size to match your account size.Keep the greed in check and you will trade without fear.
In trading, you have to be defensive and aggressive at the same time
  • #809,039
  • Jun 19, 2013 9:29am Jun 19, 2013 9:29am
Quoting Davit
My 15 shorts on EC doing great.Price dropped 60pips in 1hr.

I am +90 on EA
  • #809,040
  • Jun 19, 2013 9:30am Jun 19, 2013 9:30am
Quoting Davit
{quote} huge margin?No! Once again reducing your lot size to match your account size.Keep the greed in check and you will trade without fear.
most retail traders fail due to under-capitalized and over-leveraged.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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