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  • #221
  • Apr 11, 2015 1:07pm Apr 11, 2015 1:07pm
Quoting Saturday
{quote} I'm trying to find the most profitable option, and you can't guess that without knowing everything about the market, or backtesting it with a computer. I haven't tried E/G yet, but I will if you insist. When I backtest I try everything, that's the point, and with eurusd, the one I posted was the best one. edit: here is the backtest with tp18, sl32 {image}

you need to think of it differently imo. think of it in terms of a set of trades. think in terms that the breakout is only the primer, that price wants to go in that direction more, not the entry. the entry ought to be at a better price. is suggest at least 20% back in your favor otherwise think of it in terms of support and resistance. price breaks out does whatever...goes 5000000 pips it doesnt matter then returns to the scene of the crime, only then you trade...... look at a chart yourself without the computer and SEE it first then engineer a computer model imho .... fwiw
  • #222
  • Apr 11, 2015 6:15pm Apr 11, 2015 6:15pm
Quoting shiva
{quote} Great thouights Yaed, can you define the "break"? I would define it as a candle close of daily/H4 above the last high/low. Just curious to know your opinion on that. Thx
Thanks Yead for your magnanimity. Please address this question. Is break of D1 low/high the close of 1m. 5m, 15m tfs etc bar outside D1 L/H? The answer o this will give an insight as to when to pull the trigger.
  • #223
  • Apr 13, 2015 12:40am Apr 13, 2015 12:40am
Quoting Sorento
{quote} Thanks Yead for your magnanimity. Please address this question. Is break of D1 low/high the close of 1m. 5m, 15m tfs etc bar outside D1 L/H? The answer o this will give an insight as to when to pull the trigger.
yes, it is needs to be coded also in the ea
  • #224
  • Apr 13, 2015 1:53am Apr 13, 2015 1:53am
Quoting Saturday
{quote} I'm trying to find the most profitable option, and you can't guess that without knowing everything about the market, or backtesting it with a computer. I haven't tried E/G yet, but I will if you insist. When I backtest I try everything, that's the point, and with eurusd, the one I posted was the best one. edit: here is the backtest with tp18, sl32 {image}
Wow thats horrible.
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  • #225
  • Edited 2:14am Apr 13, 2015 1:55am | Edited 2:14am
Ok im going to try to blow your minds here.
The idea to trade the highs and lows of the day before comes from a simple logic.
Now i will explain that logic, and probably thats going to create some... creative thoughts.
This is a new idea but retains the same logic.

Okey, price and especially the E/G can be discribed as a scale. You can just forget about what price actually is at the moment. Thats not important. The important thing is to see which way its leaning. The thing that shows you this is the high and lows. A new high or a new low is like an anchor point for price. Price will move TO IT! But time has the effect that the longer in time away from the high or low, the more important that high or low will become.

This is how that works in practice. It really doesnt matter if you understood what i wrote above. You can still trade on it even though you dont understand it.
Ok so now i have chosen M15. And thats for a good reason, i want exactly THAT timeframe. I will be counting the candlesticks and its important to know they are 15 minute long. When i refer to time i wil refer to amount of candles, knowing they are 15 minutes.

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  • #226
  • Apr 13, 2015 2:17am Apr 13, 2015 2:17am
So hows that going to work in practice right now? I sell when it goes below the lines. I already sold a little though.

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  • #227
  • Apr 13, 2015 2:20am Apr 13, 2015 2:20am
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OK so now i have first exaplained the logic, shown where and why i put the important levels, and shown how to use them.
And then there is the buy logic.
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When payoffs THAT bad, like 10 pips, thats got to indicate SOMETHING.
Well...
I hope these charts unlocks a few things in peoples minds.
These kinds of trades can happen in 10 minutes or in 2 days.
I have looked at it for years, only not seen it this way. Now that i do i can go back and retrive knowledge and remake it.
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  • #228
  • Edited 2:44am Apr 13, 2015 2:34am | Edited 2:44am
I guess if you think about it for a while you start to incorporate BOTH the sell and buy logics in the important levels you put there. Cause there really is no difference really.
But, keep vigilant. You CANT have more then say, 6 important levels on during one day. Here is my pick right now.

This is non predictive trading. The logic is

If X then Y then Z

Usual type logic for trading is

If X and A and B then Y

Hope thats understandable.

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So purpose is to ascertain when the scale tips over to the other side.
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  • #229
  • Apr 13, 2015 2:45am Apr 13, 2015 2:45am
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  • #230
  • Apr 13, 2015 2:46am Apr 13, 2015 2:46am
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  • #231
  • Apr 13, 2015 2:52am Apr 13, 2015 2:52am
I realise maybe everyone isnt following this double logic thing. But just ask away and i will try to clarify if there is someone who is interested but it doesnt quite seem to make sense.
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  • #232
  • Apr 13, 2015 2:57am Apr 13, 2015 2:57am
Going over it
Im going over it in my head, some of my successfull trades. And i see this is what i was doing when it worked.
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Look at the practical drawdown of those trades.

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So thats a risk/reward of 1 to 1 or close to it. And thats one of the worst trades of today.

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Thats a lot better.

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  • #233
  • Apr 13, 2015 3:19am Apr 13, 2015 3:19am
Not kidding, im doing it for you
This is how to get rich, this is what i think. Im giving it to you straight. Im not selling anything. Im not doing it for myself. Im doing it for you. The evidence is in the charts. You have a free will, you can think what you want of it.
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  • #234
  • Apr 13, 2015 3:42am Apr 13, 2015 3:42am
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  • #235
  • Apr 13, 2015 3:42am Apr 13, 2015 3:42am
Thanks yaed! I had new idea for trading And almost the same zones I put on my chart at weekend... Thanks
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  • #236
  • Apr 13, 2015 3:45am Apr 13, 2015 3:45am
There is no frames of time, time is a continous flow.
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  • #237
  • Apr 13, 2015 3:46am Apr 13, 2015 3:46am
Quoting Mrdj
Thanks yaed! I had new idea for trading And almost the same zones I put on my chart at weekend... Thanks{image}
Yepp there you go!
If not now, i think you can become financially independent if you carry on. I think you are one of the best there is.
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  • #238
  • Apr 13, 2015 3:47am Apr 13, 2015 3:47am
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  • #239
  • Apr 13, 2015 3:49am Apr 13, 2015 3:49am
Quoting Mrdj
{image}
Yupp you got it! Just keep your head in the game, dont enter lots into a loosing trade and you are right on your way.
Most important: Believe in yourself, you are GREAT! What ever other people tell you!
You are going to make some more misstakes probably, but just cut the loosers then and know you have the skill to make it back if you keep cool.

I fuck up too, i have reentered into a shitty trade. Everybody do it. Ive seen people A LOT more experienced then me enter a lot into a shitty trade.
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  • #240
  • Apr 13, 2015 3:53am Apr 13, 2015 3:53am
Quoting yaed
{quote} Yupp you got it! Just keep your head in the game, dont enter lots into a loosing trade and you are right on your way. Most important: Believe in yourself, you are GREAT! What ever other people tell you!
Thanks, I lost some money already when i was stupid newbie... but like you write in some post. If you don't lose you don't learn...
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