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45 Combo - momentum system

  • #3,001
  • May 7, 2015 2:03am May 7, 2015 2:03am
Quoting fx-Tycoon
{quote} too flat of pa at the time to take action with nearly full risk on first trade on a week thats been hard to make money sitting at quarter profit after 3full days of trading... so I look for more ideal setup.
Fair enough
  • #3,002
  • May 7, 2015 2:12am May 7, 2015 2:12am
fx
thoughts on GU if it sets up again here
  • #3,003
  • May 7, 2015 2:14am May 7, 2015 2:14am
Quoting pullup
fx thoughts on GU if it sets up again here
what do you think my answer would be?
  • #3,004
  • May 7, 2015 2:16am May 7, 2015 2:16am
Quoting fx-Tycoon
{quote} what do you think my answer would be?
second pullback,too soon after last move and pullback a bit strong, would be max risk now too
  • #3,005
  • May 7, 2015 2:20am May 7, 2015 2:20am
Quoting pullup
{quote} second pullback,too soon after last move and pullback a bit strong, would be max risk now too
No.

the answer is; if its a valid signal I'll take it especially when I got a trending PA.
rest is just nothing but conversations.
  • #3,006
  • May 7, 2015 2:28am May 7, 2015 2:28am
I took both EU and EJ and closed at 20+ on both. Im 40 pips up for the day. Not bad after a -19 pip start. I think I will cool down and declare EOB here, as birdland says
  • #3,007
  • May 7, 2015 2:31am May 7, 2015 2:31am
Closed EJ for +9
  • #3,008
  • May 7, 2015 2:32am May 7, 2015 2:32am
+20 on EU
so +29 for the day EOB
have problems with my IT, cant show charts.
birdland
trading is like dancing, don't think and just listen to the music!
  • #3,009
  • May 7, 2015 2:33am May 7, 2015 2:33am
Quoting fx-Tycoon
{quote} No. the answer is; if its a valid signal I'll take it especially when I got a trending PA. rest is just nothing but conversations.
OK,
I only asked as you are filtering some trades and not trading all signals.
  • #3,010
  • May 7, 2015 2:45am May 7, 2015 2:45am
Quoting pullup
{quote} OK, I only asked as you are filtering some trades and not trading all signals.
You compare the gu signal with the early eu and ej flat PA?? There is a big difference there bud.

You should notice that I just passed also on the eu and ej long in the 2nd hour.. probably for the same reason.. so I am not cherry picking.. I consider my money position and PA not most ideal position.

i just dropped some gold for you there.
  • #3,011
  • May 7, 2015 2:49am May 7, 2015 2:49am
again my best filters are my left and my right eye.

and for me its clear that if you have a knowledge about PA like "how does a flagg or a trend continuation pattern" look like, you will have an advantage!
trading is like dancing, don't think and just listen to the music!
  • #3,012
  • May 7, 2015 2:52am May 7, 2015 2:52am
Quoting birdland
again my best filters are my left and my right eye. and for me its clear that if you have a knowledge about PA like "how does a flagg or a trend continuation pattern" look like, you will have an advantage!
Patterns are bullshit..

You watch PA's "rhythm" and behavior after new money comes in.. it will tell you it has arrived or not and if it has how is it reacting to it.. is it sustaining a move/momo or yoyo-ing etc..
  • #3,013
  • May 7, 2015 2:56am May 7, 2015 2:56am
Quoting fx-Tycoon
{quote} Patterns are bullshit.. You watch PA's "rhythm" and behavior after new money comes in.. it will tell you it has arrived or not and if it has how is it reacting to it.. is it sustaining a move/momo or yoyo-ing etc..
everybody is different
trading is like dancing, don't think and just listen to the music!
  • #3,014
  • May 7, 2015 3:08am May 7, 2015 3:08am
Quoting birdland
{quote} everybody is different
That's not the point.. sure everyone is different.. perhaps that is why most are in the 95% section

The point is what works or not!!... everyone knows and sees the patterns.. but not everyone sees, feels and reads the tick rhythm on consistent basis.
.. it only comes with major amount of screen time input on 1m and below frame.
  • #3,015
  • May 7, 2015 3:11am May 7, 2015 3:11am
For example... can you tell the difference between the speed of tick moves now compare to two hours ago when eu opened... and which pair was lining up better!!...
  • #3,016
  • May 7, 2015 3:16am May 7, 2015 3:16am
Quoting fx-Tycoon
{quote} That's not the point.. sure everyone is different.. perhaps that is why most are in the 95% section The point is what works or not!!... everyone knows and sees the patterns.. but not everyone sees and feels and read the market rhythm on consistent basis. it only comes with major amount of screen time input on 1m and below frame.
yes, i agree, especially the last sentence.

this is also the reason why its not possible to write an EA, because the decisions are human knowledge orientated and not systematic or mathematic.
trading is like dancing, don't think and just listen to the music!
  • #3,017
  • May 7, 2015 3:18am May 7, 2015 3:18am
Quoting fx-Tycoon
For example... can you tell the difference between the speed of tick moves now compare to two hours ago when eu opened... and which pair was lining up better!!...
in the meanwhile yes, because i am sitting concentrated in front of the screen and watching the ups and downs of the current minute bar...it gives a lot of informations.
trading is like dancing, don't think and just listen to the music!
  • #3,018
  • May 7, 2015 3:28am May 7, 2015 3:28am
Quoting birdland
{quote} in the meanwhile yes, because i am sitting concentrated in front of the screen and watching the ups and downs of the current minute bar...it gives a lot of informations.
So when a flag or crab or frog or... whatever heck else comes around during such time is pretty much meaningless.
I bet you don't agree, lol, but thats fine.
  • #3,019
  • May 7, 2015 3:41am May 7, 2015 3:41am
out +12...
+28 for the night.

GN
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  • #3,020
  • May 7, 2015 3:52am May 7, 2015 3:52am
Quoting fx-Tycoon
{quote} You compare the gu signal with the early eu and ej flat PA?? There is a big difference there bud. You should notice that I just passed also on the eu and ej long in the 2nd hour.. probably for the same reason.. so I am not cherry picking.. I consider my money position and PA not most ideal position. i just dropped some gold for you there.
Yes I see the difference in the PA.
Once you get past the mechanics of the method, the money is in the subjective decisions that are based on experience/knowledge and that's why I asked my initial question, to get into the decision making process you are using.
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