priceaction1 journal | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

My Personal journal up 18% in 2 months going to start a journal 8 replies

Newbie Factory Journal 12 replies

Trading Diary/Journal 5 replies

Attachments: priceaction1 journal
Exit Attachments

priceaction1 journal

  • #781
  • Nov 22, 2014 2:38pm Nov 22, 2014 2:38pm
Quoting priceaction1
gold nuggets, as always from grate fti. " for example. we expect market may test 1.2300 but what if market finds lots buyers 1.2350 and never tests 1.2300. you have to constantly read whats happening in markets. expectations is just that expectation. but you must respond to what markets are doing. This problem of many traders. They make decision and they write everything in stone. if situation changes, they not know how to respond to the change. This the rigidity i talking about. This especially so if trader is dependent on systems and indicators....
Wow, what a great post! I will be saving this one.
  • #782
  • Nov 23, 2014 5:44am Nov 23, 2014 5:44am
about indicators fti says.

All technical indicators are lag reading of market footprint.
There is a required intelligence to decript them for an opinion of the dance.
Why does people allow themselves to use these as the holy grail?
The question is why?
The answer lies in those numbers and in "you".

If you cannot see the answer, then here's a tip.
What caused Princess diana's death? God rest her soul.
tip: sitting in car driven by someone else
Who killed her? the driver
Why did it happened?
cos' her life depended on some one elses skills other than her own.
I dare not question her position, and the luxury of her rights, you must understand.
But the fact was , her life was in someone elses hands.
If anyone wants to bring this to other perspectives of debate. Go debate it yourself..
I am talking about the lessons from the facts, not the hypothesis of the event.
Don't look at the incident, look at the lesson in it.
Now princess diana has nothing to do with trading,
But her death left a lesson for traders, who are indicators dependent.
I hope some of you can understand.
There are lots of things in life that are beyond our ability to control,
some may like to add trading to be one of them.
don't predict direction, but dance with flow of water
  • #783
  • Nov 23, 2014 5:50am Nov 23, 2014 5:50am
by fti

My reason for making this thread was to help traders (for free), come back, with their feets
back to the ground. for some of you, you may understand what I mean.

Nevertheless let me explain.
If you had watched "crouching tiger and what? was it (hidden) dragon" . You may remember
the lead actor and actress standing on the tip of bamboo leaves, and holding each other in a
most romantic scene. Chinese martial arts is good for health and trains lots of very good
lessons about the body and mind. BUT make no mistake that what you saw is not humanly
possible. ( well, not for me, the having the woman in arms part maybe, but not with both of us
standing on the tip of bamboo leaves) Thats where the problem lays. There are many super
analysts today teaching their researches of this kind of fantasy/fallacy, in the name of
technical analysis. Taking the trading community to feats not humanly possible. Worst there
are scammers cashing in to this, and begining to mislead the perceptions of most wanting
traders.

The tree branches out, that is the nature of growth. But when a branch tries to reach out to
topple the tree, it should be trimmed, lest the action be allowed to continue, destroying the
main.
don't predict direction, but dance with flow of water
  • #784
  • Nov 23, 2014 5:56am Nov 23, 2014 5:56am
Hey priceaction1,

Great thread and great results! I like how you are re-posting the expert knowledge FTI has given on his thread. Maybe it can help many others see the path.

I saw in your profile you are trading from Pakistan? What part? I live in the USA, but my parents both were born and raised in Karachi! Tough times there right now. Small world though, haha.

Congragulations on your trading and keep it up!

-SK
  • #785
  • Nov 23, 2014 6:00am Nov 23, 2014 6:00am
I use this one now a days for some testing lines are NOT for trading.
Attached Image (click to enlarge)
Click to Enlarge Name: newonw.jpg Size: 341 KB
don't predict direction, but dance with flow of water
  • #786
  • Nov 23, 2014 6:11am Nov 23, 2014 6:11am
Quoting FXMasterSK
Hey priceaction1, Great thread and great results! I like how you are re-posting the expert knowledge FTI has given on his thread. Maybe it can help many others see the path. I saw in your profile you are trading from Pakistan? What part? I live in the USA, but my parents both were born and raised in Karachi! Tough times there right now. Small world though, haha. Congragulations on your trading and keep it up! -SK
I am in karachi too.
don't predict direction, but dance with flow of water
  • #787
  • Nov 23, 2014 8:01am Nov 23, 2014 8:01am
another by fti

1. There is no such thing as "a method" that can give you edge against the market, its "you"
that can cut an edge from the market.

2. Frequently,cutting losses is just a way to reset, and starting the game afresh.
You collect enough of that, you may never come back to the real world.
Of course , we shall not keep fighting for lost causes.
Sure sometimes losses are unavoidable.
But if you harbour that losses is ok, then you're are being blinded.

I advice you, if you want to get your discipline right,
"damage is part of the battle, recovery is essential , victory is the objective." for every trade.
Win enough small battles and tweak you mindset , then go win the war.
If you depend on someone else or something else ( high and migthy systems ) to do it for you,
then you will become an "arm chair general" to your quest.
Unfortunately we are dealing with real $$$, it is for the now, not some computer game.
There is no reset button and start again. Every battle is the continuation of the last.
Every battle must make you better, for the next, if you fail to develop, you shall be road kill.
don't predict direction, but dance with flow of water
  • #788
  • Nov 24, 2014 6:10am Nov 24, 2014 6:10am
so first test of new way of charts is 100% success wow look at it buy and sell price as usual high leverage. 100% profit

https://charts.mql5.com/6/307/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #789
  • Nov 24, 2014 6:11am Nov 24, 2014 6:11am
Quoting priceaction1
so first test of new way of charts is 100% success wow look at it buy and sell price as usual high leverage. 100% profit {image}
so what did you do here?
  • #790
  • Nov 24, 2014 6:22am Nov 24, 2014 6:22am
some time ago some one ask about 3 kingdom. I just test this one I do trade 5M charts so I set gbp/usd and usd/jpy 5M chart, for trading eur/usd on 5M charts.
Attached Image (click to enlarge)
Click to Enlarge Name: 3kingdom.png Size: 109 KB
don't predict direction, but dance with flow of water
  • #791
  • Nov 24, 2014 6:29am Nov 24, 2014 6:29am
Quoting margin_stop
{quote} so what did you do here?
to up date my blunders!!!!!!
don't predict direction, but dance with flow of water
  • #792
  • Nov 24, 2014 7:39am Nov 24, 2014 7:39am
let see.

https://charts.mql5.com/6/308/eurusd...g-point-of.png
don't predict direction, but dance with flow of water
  • #793
  • Nov 24, 2014 8:02am Nov 24, 2014 8:02am
"
Quoting priceaction1
let see. {image}
"

hello price i actually bought eu from 2400....but on seein this....i have taking my profit........it is very dangerous to be against you.........so am runnin with my 30 pips..........
  • #794
  • Nov 24, 2014 8:29am Nov 24, 2014 8:29am
Quoting carbonado
"{quote}" hello price i actually bought eu from 2400....but on seein this....i have taking my profit........it is very dangerous to be against you.........so am runnin with my 30 pips..........
I have some horrible losses too play your own game she is not willing to come down I may be out with few pips loss
don't predict direction, but dance with flow of water
  • #795
  • Nov 24, 2014 9:56am Nov 24, 2014 9:56am
Hey price,

How did you fare this session bud? Such a slow day today. It was kicking my ass trying to close out these positions, having to wait forever haha.

Here are my results: http://www.forexfactory.com/showthre...21#post7896121

Hope you did well!
SK
  • #796
  • Nov 24, 2014 11:43am Nov 24, 2014 11:43am
i see it tends to respect 1.2438 resistance line. I guess it will go down to 1.2417 support level in Asia session
  • #797
  • Nov 25, 2014 4:00am Nov 25, 2014 4:00am
Quoting FXMasterSK
Hey price, How did you fare this session bud? Such a slow day today. It was kicking my ass trying to close out these positions, having to wait forever haha. Here are my results: http://www.forexfactory.com/showthre...21#post7896121 Hope you did well! SK
+hi,
I am part time trader, have a good job. still trading is not my bread and butter.
I do trade when have a time best thing is that, I have free time for trading when NY is open till close of UK markets.
don't predict direction, but dance with flow of water
  • #798
  • Nov 25, 2014 4:40am Nov 25, 2014 4:40am
Quoting priceaction1
{quote} +hi, I am part time trader, have a good job. still trading is not my bread and butter. I do trade when have a time best thing is that, I have free time for trading when NY is open till close of UK markets.
Ah well with your track records so far you might just make it your bread and butter haha. Good luck out there. Hope FTI returns.
  • #799
  • Nov 25, 2014 5:45am Nov 25, 2014 5:45am
Quoting carbonado
"{quote}" hello price i actually bought eu from 2400....but on seein this....i have taking my profit........it is very dangerous to be against you.........so am runnin with my 30 pips..........
I am still holding her.
don't predict direction, but dance with flow of water
  • #800
  • Nov 25, 2014 5:47am Nov 25, 2014 5:47am
Quoting priceaction1
let see. {image}
my HG for Forex simple candlestick charts.
don't predict direction, but dance with flow of water
0 traders viewing now