EMA48 15M Spontaneity (but mostly just my rant)

I totally became like you after studying so much about trading.
That is, I learned a lot about trading, but did't make money a lot.
Yes I was just an ordinary, mediocre amateur trader who made a bit of money, far from 7 digits.

Here is an irony: the higher education you have, the more likely you don't succeed.
Say, doctors and lawyers seldom succeed in trading (stock, futures, forex).
Because they study a lot. And they limit their brain in the knowledge -- never get out of the box.
This is inevitable.
Think about the purpose of study -- to make money and to prevent loss.
So, you must stay inside the box (what you learned), in order to prevent loss.
Does this make sense to you?

This leads to:
The more you study, the more you get dull in finding the edge. ("edge" is to make millions).


99.9% of FF members don't have the edge. If they do, they are not here -- would be in a nice office, managing multi-million $ or on the beach sipping a beer with a half-naked gorgeous lady/man. (Not only FF members, but also authors of books and paid programs don't have the edge, I say! If they do, they never spend time and labor on their products)

Why? Why? what is the problem? Don't they have enough knowledge about trading?

Yes, they do.

But they don't use it right

Edit Out BE

Even you have sufficient knowledge about trading, you make no money unless you use it right.

I have talked about this in post 13 already.

The problem is, you use it to find entries.

This is wrong.

You must use it to avoid entries.

I know you think I'm crazy. Maybe I am. But I don't care you call me crazy. Most geniuses are called crazy until they prove that they are right.

Well...I have to agree with your "rant"....I've been trading a particular method for about 2 months now and really appreciate how the market REALLY moves.....the followers of the Fibs, pivots, trendlines, blah blah blah are slaughtered each and every day and they just keep coming back for more until funds dry out and that's why the brokers need new blood.
The market makers have some tricks to suck people in and then they pull the rug right out from under them.....again and again..it's crazy. Good luck with your "Rant"!

A limit order on EMA48.
Cancel: A pin bar formed and it's Friday!

Thank you so much for your comment!! You are one of only a few people who can see the market correctly.

I will be ranting more, revealing a path to the edge. It is not really complicated, but quite difficult to grasp the concept for people who have been brainwashed by conventional knowledge.

Again, thanks for your encouragement!

Well....my pleasure! As for the "sheeple".....they are just programmed through the mass marketing hype that starts from birth...and the forex powers and instituions (brokers, banks, etc) have the money and means to incessantly propagate the idea of "easy money".....and "quick riches." Look forward to more of your rants!

When you consider the conventional trading knowledge tools to avoid entries, you get a whole fresh perspective toward the market.

First, the market is driven by psychology/sentiment/collective fear(hope)/or whatever you want to call.
The price goes up and down because people buy and sell according to the SAME chart (people see what you see).
That is why we see the price stagger or turn around at S/R, trend lines, and big numbers where many people trade, expecting something to happen (and lots of limit/stop orders hanging there).

Now, the conventional knowledge tells us that there lies selling/buying opportunities.

You must forget about this mantra!!!

I say, it is extremely dangerous to take a position at those areas because nobody really knows which way the price goes.
All we know is, the volume rises and the trend might change.
That is all.
And in most cases the price staggers before it starts going up or down. Sometimes the stagnation ranges 50-100 pips.
So, you will never know which way it goes until it really goes.

Many phony gurus tell you to enter after the price tests or retests the critical area. This is just a plain BS.
You might as well roll a dice, IMO.
It is suicidal to take a position with a big SL based on wishful TP.

It is stupidly simple: Almost always the price staggers at critical areas and you get killed.

Do not argue with me!!! I don't listen to you. I know I am damn right about this.

So far I have made two points. 1. You have to have fixed SL. 2. you use conventional knowledge to avoid entries.

Now I start talking about how to trade with a fixed SL. Say, we have SL 10 pips no matter what. TP is 25 pips fixed.

I want you to look at the chart (15m EU) and count how many times you can win 25 pips with an SL 10 pips.
(Blue horizontal lines apart 25 pips)

I see countless opportunities.

So, the question is, how can you scoop them? In other words, how do you figure out the entries?

This is a million dollar question and worth spending a year to pursue the answer.

(at the same time, on the chart I want you to see why I'm saying you must avoid trading at critical areas, such as S/R and big numbers. Remember you have a 10-pip SL here)

Do you want to hear more?

By the way, do not tell me that you can win 50 pips or 100 pips here. It is irrelevant. All I want is, winning solid 25 pips with SL 10 pips.

do you only trade when price is abv 48 ema

Just one thing to solving the question.
If you win 2 out of 7 trades, you break even (spread not included).
2 wins=50 pips 5 losses= 50 pips.
So, you want the winning rate more than 30%.

Read post 2.

A Happy New Year!!

Edit: Out=BE Stoc came against.

Continued from post 29

I don't think anyone is following this thread, but it's OK. I will be gone pretty soon anyways

Let me tell you why I'm sticking to TP=25 SL=10.
The smaller SL, the bigger TP, the better, obviously.
But you need to find the most economical equation.
Say, SL=5. It seems too tight, if not impossible. You will hit SL so often before making profits
How about SL=10? Sounds not bad, eh?
Now think about TP. What's the best for catching a small swing (EURUSD)?
50 seems too big, eh? how about 20? it's 1:2 RRR, which is not bad. But 1:2.5 is much better, so, let's make it TP=25.

Now we got SL=10 and TP=25.
Sounds too arbitrary?
Maybe. But it's ok as long as it makes sense when you see the chart and find A LOT OF winning opportunities.
This is not a rocket science. So, stick to your instinct on what you see.

Actually, I use this "golden ratio (25:10)" to all other pairs I trade (UJ, GU, and AU)

well...it is the holiday season....not many people in forex forums atm.....but do find your "rants" interesting!

Thanks, man!

UJ short. I entered the previous one (arrow) but it was BE.

Edit: SL=BE

GU short

Don't intend to Hijack the thread here, please delete if you wish, however, here is a video that also advocates when NOT TO TRADE...and it is detailing how the market makers totally disregard fibs, pivots, ichimoku etc at the retail traders' peril and some of the tricks they play.....found the video on another forum (am not advocating or promoting any system here, just some Infotainment" for the coming weekend...enjoy):

Hi Forexgogo,

I just wanted to say I appreciate your sharing ...and that this type of trading is up my alley. Keep it up.