Trade #3 GU TP. 
Jibala
Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
As simple as possible: 00 level trading
- #16,684
- Aug 26, 2014 3:43am Aug 26, 2014 3:43am
{quote}Just today there have been so many false signals the hour prior to LO and still after LO! Jibala
A question then comes spontaneously..
When everything is saying the same thing (price action, indicators, structure, strenght meters) how do you recognize that whole thing as a false signal?
The candle that Carpathian enlighted was only on that pair while the others were moving nicely up, look at the screenshot.
There is always something that gives you a signal of discordance with the general situation..
I see you catching trends as soon as they begin, with regularity and a failure rate near an absolute zero (as seen in the trade history screens you posted).
Jibala, are you a wizard?
Lrt
"Every battle is won before it's fought."
- #16,685
- Aug 26, 2014 4:09am Aug 26, 2014 4:09am
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
- #16,688
- Aug 26, 2014 4:25am Aug 26, 2014 4:25am
I think we need Udine to get back to the Simple Trading as it was before. I understand the utility of all these strength meters, I use one myself, but I often look at the PA and it gives all the same info as the meter, obviously. So, do we really need them? Maybe if you are trading many many pairs and need to select the right ones but that is not this thread "core business".
And don't forget, these are lagging indicators, they give us the strength from the past, it can change anytime and usually it happens as soon as we hit the buy/sell button
And don't forget, these are lagging indicators, they give us the strength from the past, it can change anytime and usually it happens as soon as we hit the buy/sell button
- #16,689
- Aug 26, 2014 4:32am Aug 26, 2014 4:32am
- Joined Jun 2014 | Status: Trader | 2,498 Posts
{quote} Goodmorning Jibala. A question then comes spontaneously.. When everything is saying the same thing (price action, indicators, structure, strenght meters) how do you recognize that whole thing as a false signal? The candle that Carpathian enlighted was only on that pair while the others were moving nicely up, look at the screenshot. There is always something that gives you a signal of discordance with the general situation.. I see you catching trends as soon as they begin, with regularity and a failure rate near an absolute zero (as...
And yes, I also wrote it's more safe on 1st level after DO than the upper / lower levels.
The battles you want to win you have to choose wisely. PDF & BCC. I can repeat it again and again, it's always the same. Btw I am not a wizard, just a simple newbie trader!
Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
I think we need Udine to get back to the Simple Trading as it was before. I understand the utility of all these strength meters, I use one myself, but I often look at the PA and it gives all the same info as the meter, obviously. So, do we really need them? Maybe if you are trading many many pairs and need to select the right ones but that is not this thread "core business". And don't forget, these are lagging indicators, they give us the strength from the past, it can change anytime and usually it happens as soon as we hit the buy/sell button
also rules are broken, for example by jibalaPasan: your DO is often two hours before frankfurt open in the nowhere
too much confusion here in this thread, hope udine will come back soon...
- #16,695
- Aug 26, 2014 5:31am Aug 26, 2014 5:31am
- Joined Jun 2014 | Status: Trader | 2,498 Posts
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
