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The Wanderings of Tashkent

  • #281
  • Aug 20, 2015 6:10am Aug 20, 2015 6:10am
Quoting tashkent
most recent AN shorts. this is what i have been waiting for. couple of hundred pips for each position, very little risk from the beginning. expecting a few more pips {image}
Well done! Like ur trading style, sitting tight and wait like a crocodile..hahaMuch to learn indeed..i exited my short way too early for 100 pips
  • #282
  • Aug 20, 2015 6:38am Aug 20, 2015 6:38am
Quoting Polaris4dy
{quote} Well done! Like ur trading style, sitting tight and wait like a crocodile..hahaMuch to learn indeed..i exited my short way too early for 100 pips
indeed trading is mostly about siting tight and waiting for the right opportunity like in hunting/fishing and trying to catch the bigger fish
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  • #283
  • Aug 21, 2015 12:03pm Aug 21, 2015 12:03pm
this looks interesting
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  • #284
  • Aug 24, 2015 9:51am Aug 24, 2015 9:51am
unfortunately was not there when it happened but had a buy order which got filled and later added one more. hope positions will survive.
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  • #285
  • Aug 27, 2015 7:33am Aug 27, 2015 7:33am
would like to touch some technicalities of trading.
no trendlines, no support/resistance, no supply/demand, no fibo levels, no indicators.
pure price behavior which can give us an edge.
adding to wins or losers, martingale, stop losses or take profits are all elements of trade management and very intimate issues for each trader, so not talking about them here.
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  • #286
  • Aug 29, 2015 7:48am Aug 29, 2015 7:48am


"Every trader MUST have his/her OWN trading SYSTEM"



what a naive and dumb statement, of course traders have their trading systems
... but... but...but in reality how many of us have our own trading system?


The term "system" comes from the Latin word systēma, in turn from Greek σύστημα systēma: "whole compounded of several parts or members, system", literary "composition".

 

  1. A system has structure, it contains parts (or components) that are directly or indirectly related to each other;
  2. A system has behavior, it exhibits processes that fulfill its function or purpose;
  3. A system has interconnectivity: the parts and processes are connected by structural and/or behavioral relationships;
  4. A system's structure and behavior may be decomposed via subsystems and sub-processes to elementary parts and process steps;
  5. A system has behavior that, in relativity to its surroundings, may be categorized as both fast and strong.

The term system may also refer to a set of rules that governs structure and/or behavior. Alternatively, and usually in the context of complex social systems, the term institution is used to describe the set of rules that govern structure and/or behavior.

(source: Wikipedia)

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  • #287
  • Aug 29, 2015 8:00am Aug 29, 2015 8:00am
Quoting tashkent
"Every trader MUST have his/her OWN trading SYSTEM" what a naive and dumb statement, of course traders have their trading systems ... but... but...but in reality how many of us have our own trading system?
All forms of trading take place on some kind of system. Even if the system is based on discretion or gut feeling.
  • #288
  • Aug 29, 2015 8:17am Aug 29, 2015 8:17am
Quoting Atokys
{quote} All forms of trading take place on some kind of system. Even if the system is based on discretion or gut feeling.
anything to be called a system must have fixed/organized set of rules/principles
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  • #289
  • Aug 29, 2015 8:26am Aug 29, 2015 8:26am
Quoting tashkent
anything to be called a system must have fixed/organized set of rules/principles
The organized set of parts that form a whole could be the trader's emotional composition and mood. A trade might go like this:
1. Wake up, feel good about self
2. Open trade because favorite currency pair looks like its moving
3. Lose money, stop trading

Of course, I wouldn't say this is a very good system.
  • #290
  • Aug 29, 2015 8:34am Aug 29, 2015 8:34am
Quoting tashkent
would like to touch some technicalities of trading. no trendlines, no support/resistance, no supply/demand, no fibo levels, no indicators. pure price behavior which can give us an edge. adding to wins or losers, martingale, stop losses or take profits are all elements of trade management and very intimate issues for each trader, so not talking about them here. {image}
Very grateful for someone experienced to confirm pure price behavior analysis is more than adequate for trading.
I've never been able to trust technical indicators and have always relied on price actions. The fact that I've been too emotional & lacking in ability to read PA are separate issues.
I am now surer about the correct direction for me to work towards.
Thank you, Task.
When in doubt, HEDGE
  • #291
  • Aug 30, 2015 5:21pm Aug 30, 2015 5:21pm
Quoting AdelPC
{quote} Very grateful for someone experienced to confirm pure price behavior analysis is more than adequate for trading. I've never been able to trust technical indicators and have always relied on price actions. The fact that I've been too emotional & lacking in ability to read PA are separate issues. I am now surer about the correct direction for me to work towards. Thank you, Task.
trading highs and low even exclude the candlesticks formations and chart patterns which are a part of the price action.
this method is more adequate for longer term trading, martingale and building huge positions in the direction of the prevailing trend. stop losses will be big as well as the profits
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  • #292
  • Aug 30, 2015 5:21pm Aug 30, 2015 5:21pm
interesting week ahead
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btw, i placed my first long at 1207. waiting for confirmation above 1300
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  • #293
  • Aug 30, 2015 8:08pm Aug 30, 2015 8:08pm
gbpaud long 2.1620
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  • #294
  • Aug 31, 2015 5:42am Aug 31, 2015 5:42am
EN - if price comes back to previous low, it is a buy
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  • #295
  • Aug 31, 2015 5:57am Aug 31, 2015 5:57am
price will be locked in for a while giving opportunity for scalping in between the levels. longer term trades will wait for the break out
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  • #296
  • Sep 1, 2015 5:00am Sep 1, 2015 5:00am
most recent high is 1331. longs have been validated. now nice retracement is on the way. looking for an opportunity to long.
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  • #297
  • Sep 1, 2015 5:20am Sep 1, 2015 5:20am
Quoting tashkent
gbpaud long 2.1620 {image}
there happened one lower low but price resumed in the original direction. so far so good
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  • #298
  • Sep 1, 2015 5:39am Sep 1, 2015 5:39am
EA- 2 longs positioned nicely, higher lows and higher highs all the way. target reached so will cash those two.
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  • #299
  • Sep 1, 2015 5:48am Sep 1, 2015 5:48am
Quoting tashkent
most recent high is 1331. longs have been validated. now nice retracement is on the way. looking for an opportunity to long. {image}
added one more long at 1252
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  • #300
  • Sep 1, 2015 5:51am Sep 1, 2015 5:51am
Quoting tashkent
EA- 2 longs positioned nicely, higher lows and higher highs all the way. target reached so will cash those two. {image}
closed only one of them and decided to keep the other with ts
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