{quote} Hi mate, hope you are doing well
Ghost Rider - WWTBMD?
- #11,741
- Sep 8, 2015 4:35am Sep 8, 2015 4:35am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
- #11,742
- Sep 8, 2015 4:40am Sep 8, 2015 4:40am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} I am thank you. You as well I trust.
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- #11,743
- Sep 8, 2015 5:08am Sep 8, 2015 5:08am
Your consistent patience impresses me to no end, Ray.
Through the years I have reached a point where my analysis is solid when the conditions are right but I greatly lack in the long-term patience department. After 3-4 months of consistent trade-picking and strategy execution in the last ~15 days I returned about 40% of the profit from these 3-4 months. The good (and at the same time very annoying) thing is that I knew that I wasn't picking the trades well when I was entering them, at best, and in the worst cases once in the trades I realized I'm just being impatient and want to profit as fast as possible even though I know that the market does not work that way... I've never had so many SLs hit in succession
Sorry for derailing the thread, just want to vent a bit on one hand and show appreciation for your character on the other.
Not trading atm, here's a chill song, contributing to the good mood if not the trading side
Through the years I have reached a point where my analysis is solid when the conditions are right but I greatly lack in the long-term patience department. After 3-4 months of consistent trade-picking and strategy execution in the last ~15 days I returned about 40% of the profit from these 3-4 months. The good (and at the same time very annoying) thing is that I knew that I wasn't picking the trades well when I was entering them, at best, and in the worst cases once in the trades I realized I'm just being impatient and want to profit as fast as possible even though I know that the market does not work that way... I've never had so many SLs hit in succession
Sorry for derailing the thread, just want to vent a bit on one hand and show appreciation for your character on the other.
Not trading atm, here's a chill song, contributing to the good mood if not the trading side
Inserted Video
- #11,745
- Sep 8, 2015 5:43am Sep 8, 2015 5:43am
{quote} You dont derail the thread, feel free.
Cheers. I said what I wanted toFor now going back to the mental drawing board, going to spend 7-8 days ghost trading and see if I can restore focus...
- #11,747
- Sep 8, 2015 6:09am Sep 8, 2015 6:09am
- Joined Feb 2015 | Status: doing ninja shit | 2,077 Posts
- #11,752
- Sep 8, 2015 9:09am Sep 8, 2015 9:09am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} Hi Ray, I have to admit I'm not a fan of predictive systems. If that's what you could call your strategy. But I have to admit I am massively impressed. I'm sure you don't need a pat on the back from me but I just wanted to give my thanks to you for sharing.. I wish I understood your process better. I have read the thread mostly but it's a hard read...Anyway, thank you kindly.. I have been following your DPS for about 2 weeks or so and they are golden!
- #11,753
- Sep 8, 2015 9:16am Sep 8, 2015 9:16am
{quote} Hi Talzus, I use them mostly as price of interest/turnovers/liquidity, they rather are reference points and thats already. Your trades should be based on context to current price and sentiment, then they get valuable (target/entry). Glad you like it, enjoy
I'm not looking the a million dollar answer but would you kindly give me some context as to how you come up with these points?Is it 100% formula driven?
- #11,755
- Sep 8, 2015 9:20am Sep 8, 2015 9:20am
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
{quote} Hi Ray, I intend too
- #11,756
- Sep 8, 2015 9:47am Sep 8, 2015 9:47am
- Joined Feb 2015 | Status: doing ninja shit | 2,077 Posts
- #11,758
- Sep 8, 2015 9:54am Sep 8, 2015 9:54am
Thoughts? {image}
Add in the uk locking in profits before market close n I could assume price could fall slightly before Asian session. But I'm kinda no guru so take with a pinch of salt
