DislikedI thought I understand but I don't.....I'm really failing terribly at this. I get some trades right only to have others fail terribly eating away my profits and capital to an extent I have don't much to go on with. Loss recovery is going to take a long time. Some king soul give me a idiot's guide or point me to the right direction something or something.Ignored
- #2,863
- Jul 18, 2013 4:13am Jul 18, 2013 4:13am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} I have to SLEEP. But remember EURUSDD has spoken! 1.31583 is in the line of fire. Dis-similarity bar is needed to break 1.3082 in a way; so, for now continue the call(buy @ 1.3093) I made earlier on. We could get a spike there. Manage your BUY careful because a new dis-similarity bar can sent price below 1.3082!!!
Enjoy your rest!
A pip is only worth it if you know how much you risked to earn it
- #2,864
- Jul 18, 2013 4:15am Jul 18, 2013 4:15am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
Wow, needed some time to catch up. Eurusdd and all others, thanks a lot for your efforts trying to explain and to share your views, all this information is a huge help for those who wish to learn!! Yesterday I had loss, I think I tried to combine this technique too much with my original trading approach. And as we know, forex is a very complex system, thus several completely different strategies can be profitable the same time. But not if mixed up...Today I'm focusing only on this system and trying to ignore my earlier "human signals". So...
A pip is only worth it if you know how much you risked to earn it
- #2,868
- Jul 18, 2013 4:18am Jul 18, 2013 4:18am
{quote} I can definitely see that.{image}
Hi Vlady,
Enjoying your posts. Are you able to explain why it will hit 1.3158 before the ZZ top forms? I really don't get that part. Maybe I need to re-read all the ZZ stuff.
Regards
Neio
An expert is a man who has made all the mistakes which can be made
- #2,872
- Jul 18, 2013 4:35am Jul 18, 2013 4:35am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
- #2,873
- Jul 18, 2013 4:39am Jul 18, 2013 4:39am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
{quote} Is it because ZZs mark the last highest swing. The last highest swing was 1.3158 but no ZZ printed. So we can expect that price needs to go at least to that level before it will print?
In my chart, you cannot have the first swing down after the daily top of 317X and not have another swing high to create swing low 309X. If you think about it... it is impossible to do this:
3178 Top
3083 Bot
3091 Bot ??? Where's the previous top to create Bottom?
--> 3160 Top!
EDIT:
But I must emphasise.... my lesson learned on Monday when I was placing SHORTS before the Swing Top was even formed and confirmed... DUH! If the top don't exist, then the swing bottom is in play..... LONG!!!! Or Buy the dips.
And for God's sake, if anyone is not confident don't short 3158. Wait for confirmation.... we are targetting 1.29XX if you can't get a slice out of that you shouldn't be trading. Don't make your mission to get the BEST price by calling tops and bottoms... catch the waves produced by tops and bottoms.
A pip is only worth it if you know how much you risked to earn it
{quote} Thanks for the encouragement. I know the concept presented is very sound and there more enough successful cases here to back up the claim. The losses hurt yes but its the "oh! I think I got it! only to have the charts prove you wrong and make you feel ridiculously stupid" that really hurt. I guess I must stop trading for a while and preserve what little I have left until I get this
I will do it like this. For the moment only demo, until I am very very confident with this wonderful and interesting kind of trading.
And with all this nice and helpful people within this thread we will learn a lot and one day we will be like these expert-guys and help others too.
For the moment, we newbies, could be a good help for the experts, because we are asking questions, which let them think about the easy stuff, which is also very important for this strategy. So they don't loose the basics.
Our view on this picture is important too, perhaps we are showing the expert-guys a different view on the picture and maybe this could be the key for their solutions.Keep staying
- #2,875
- Jul 18, 2013 4:46am Jul 18, 2013 4:46am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
{quote} One of the reasons I don't like MT4 indicators is that it replaces my thinking. You should be able to eye-ball the swings. In my chart, you cannot have the first swing down after the daily top of 317X and not have another swing high to create swing low 309X. If you think about it... it is impossible to do this: 3178 Top 3083 Bot 3091 Bot ??? Where's the previous top to create Bottom? --> 3160 Top!
- #2,879
- Jul 18, 2013 4:59am Jul 18, 2013 4:59am
{quote} One of the reasons I don't like MT4 indicators is that it replaces my thinking. You should be able to eye-ball the swings. In my chart, you cannot have the first swing down after the daily top of 317X and not have another swing high to create swing low 309X. If you think about it... it is impossible to do this: 3178 Top 3083 Bot 3091 Bot ??? Where's the previous top to create Bottom? --> 3160 Top!
Thank you for your insightful posts again.
In the chart below we see the previous swing high was 1.3159 (yellow circle). If this was a valid swing high then it SHOULD have been outside the BB and the ZZ should have appeared. It did not. So my thinking is that this tells us that the price must go higher or at least equal to that (>1.3159). Hence why Eurusdd is confident on the price reaching 1.3158 (at least).
An expert is a man who has made all the mistakes which can be made
- #2,880
- Jul 18, 2013 5:01am Jul 18, 2013 5:01am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it