DislikedAll this to and fro Not even a good place to short imo. edit. sorry, it might end up being, but you can maybe get slightly higher first, is all I mean!Ignored
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DislikedAll this to and fro Not even a good place to short imo. edit. sorry, it might end up being, but you can maybe get slightly higher first, is all I mean!Ignored
Disliked{quote} I disagree. That was a perfect place to short. Will it work out? Maybe, maybe not. All the technical analysis in the world will not move money in the market for you! Thats why risk and trade analysis/management is so important. We have all seen >90% probability calls/setup made by EURUSDD fail here a few times before. That's why I said the key is to ask the right questions first, not necssarily just looking for right answers to the wrong ones. The biggest secret for me, is not having 97% succesful trades. It's having an average of 50% wins...Ignored
DislikedIm getting more and more confused. I really appreciate the people who are trying to help even if they do it not that clearly. It´s funny that everyone ( who got a heureka moment) tells people that there are different ways , giving hints and can´t understand why people don´t understand them. Maybe its just the issue that they can´t remember how lost they were at the beginning. I got a question LITEchild. If i get it correct , your TP had only a chance of 7.6241 % to get hit while h=40 . All talking about its a probability game, then why do...Ignored
Disliked{quote} You have a better chance of trading recurrent zones not TZ's. Probabilities are better that potential TZ's will not become confirmed TZ's. I cannot say anything else about this.Ignored
Disliked{quote} The area being traded in the chart is already confirmed recurrent. RIGHT The stats no longer apply to this range since the conditions have been satisfied. WRONG What am I missing? You are not missing it, you are looking at it in the wrong way.Ignored
Disliked{quote} Sorry Baillie. Sure you are right. I made a mistake. I meant that there is still a chance of a potential TZ to be erased by price. Man. Even in a post I make a mistake even when I wan't to says the right thing.Ignored
Disliked{quote} Ok rechecked your shared screenshot with h=48 . I used the recurrence_statistic indicator for that. At the time you entered your short trade the possible h48 transcient zone at the bottom (the target of your tp) was already 30 bars transient. I took both percentages and subtracted one from the other to get the remaining probability of hitting your target in the next 18 candles or 9 hours. Did that again with correct h=48 , and i got an even smaller percentage 5,4794% But okay..maybe i just get everythings wrong , even though everythings...Ignored
Disliked{quote} Ok rechecked your shared screenshot with h=48 . I used the recurrence_statistic indicator for that. At the time you entered your short trade the possible h48 transcient zone at the bottom (the target of your tp) was already 30 bars transient. I took both percentages and subtracted one from the other to get the remaining probability of hitting your target in the next 18 candles or 9 hours. Did that again with correct h=48 , and i got an even smaller percentage 5,4794% But okay..maybe i just get everythings wrong , even though everythings...Ignored
Disliked{quote} If doesn't go my way immediately, I cut the loss at once and wait for it to come to me in my intended direction for a re-entry. That is exactly what I've just done with the setup I posted. Cut the trade(doesnt mean the setup was wrong). Now I have a stop order waiting at 93.85(AUDJPY).Ignored
Disliked{quote} Recurrent zone confirrmed. More positions added at 98.6(stop order) {image}Ignored
Disliked{quote} Hey mate... just pointing out we're holding above today's daily pivot (0.9661) at the moment R1 @ 94.37 looks likely imo... which would take out your stop.. just an observation Good luck! {image}Ignored
Disliked{quote} I was there for some time I admit and still walk into trees, but a lot less so now. So to ease the pain and pay it forward here is a tip. When you see the left side of a TZ form do you know if the next bar that begins the right side will be higher or lower? You don't. It can go higher or lower creating either a PTZ or a FTZ(failed TZ) so depending of how it moved, you plan your move to return to it. FTZs are your friend. PTZs are your friend. TZs are your friend. Anymore and I might get shotIgnored
Disliked{quote} You don't wait. once the previous h bars, give you a hint that a transient zone may be forming, you act assuming that will be the case and act. (This is where the secret is) Riskless profit in most cases. you can declare the area immediately above the zone as h-recurrent and then look for a sell. The following things will happen. If your zone turns out to be h-recurrent, your sell will still win. if your zone turns out to be h-transient, your sell will still win. EITHER way, you will win!!Ignored