{quote} Nice toppo... looks like everyone are went for Christmas Holidays....
- #1,082
- Edited 3:09am Dec 22, 2015 2:40am | Edited 3:09am
Hi TRD,
I guess the answer to your question is in your following graph :
Something happened that invalidated your initial plan, IT suddenly decided to push price lower contradicting the natural flow of the market toward the liquidity pool above. So I would be quite comfortable to set my SL at and above the yellow range if I had to protect one of my short position. Am I getting close ?
I guess the answer to your question is in your following graph :
Something happened that invalidated your initial plan, IT suddenly decided to push price lower contradicting the natural flow of the market toward the liquidity pool above. So I would be quite comfortable to set my SL at and above the yellow range if I had to protect one of my short position. Am I getting close ?
the market is not random but anything can happen.
- #1,083
- Dec 22, 2015 6:27am Dec 22, 2015 6:27am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #1,085
- Dec 22, 2015 6:51am Dec 22, 2015 6:51am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #1,086
- Dec 22, 2015 7:28am Dec 22, 2015 7:28am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
"What would you attempt to do, if you knew your success was a certainty?"
- #1,089
- Dec 23, 2015 3:47am Dec 23, 2015 3:47am
- Joined Dec 2010 | Status: Never Stop Learning | 7,326 Posts | Online Now
![Click to Enlarge
Name: 2015-12-24 05_56_32-67 - [EURJPY,M5].png
Size: 33 KB](/attachment/image/1818381/thumbnail?d=1450904366)
- #1,091
- Edited 7:21pm Dec 25, 2015 7:06pm | Edited 7:21pm
- Joined Oct 2014 | Status: lonely | 2,261 Posts
This is a mechanical system i just invented using ONLY specific time range of the trading day. No PA , just this. I just enter short if we above the middle of it or long if we are below the middle after the range is over. Please don't ask details. I show it just for motivation purposes.
Take just one thing, practice it until you learn everything about it. Then you will discover your own pattern and work on it until it gives you profits.
TRD
- #1,092
- Dec 25, 2015 10:37pm Dec 25, 2015 10:37pm
{image} This is a mechanical system i just invented using ONLY specific time range of the trading day. No PA , just this. I just enter short if we above the middle of it or long if we are below the middle after the range is over. Please don't ask details. I show it just for motivation purposes. Take just one thing, practice it until you learn everything about it. Then you will discover your own pattern and work on it until it gives you profits. TRD
- #1,094
- Edited 4:53am Dec 26, 2015 4:41am | Edited 4:53am
- Joined Dec 2010 | Status: Never Stop Learning | 7,326 Posts | Online Now
99% forex tester "strategies" do not work in the real world. Forex tester is a whole different dimension. You know about that.
What an appropriate tag name, you have, you just blast away at everything and anything and miss the finesse behind what is actually being said.
"Take just one thing, practice it until you learn everything about it. Then you will discover your own pattern and work on it until it gives you profits."
This is what you should be concentrating on, not the strategy tester used as an example, find one thing that works for you (here's a TIP Stop Hunts are a good place to start
) and PRACTICE PRACTICE PRACTICE until you understand: How it works!!
Why it works!!
Where it works!!
and most importantly
Who's making it work!!
When you figure it out come back and share your findings, with us, because then you will be sharing something of value rather then shooting from the hip and missing the POINT.
I hope you find this constructive?
- #1,095
- Dec 26, 2015 10:04am Dec 26, 2015 10:04am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
{quote} Hi Mag357, What an appropriate tag name, you have, you just blast away at everything and anything and miss the finesse behind what is actually being said. "Take just one thing, practice it until you learn everything about it. Then you will discover your own pattern and work on it until it gives you profits." This is what you should be concentrating on, not the strategy tester used as an example, find one thing that works for you (here's a TIP Stop Hunts are a good place to start
TRD - you always inspired here mate
"What would you attempt to do, if you knew your success was a certainty?"
- #1,097
- Dec 28, 2015 3:42am Dec 28, 2015 3:42am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
Morning Gang 
"What would you attempt to do, if you knew your success was a certainty?"
- #1,099
- Dec 28, 2015 6:53am Dec 28, 2015 6:53am
- Joined Feb 2015 | Status: Who Dares Wins | 1,710 Posts
Morning Gang
"What would you attempt to do, if you knew your success was a certainty?"
- #1,100
- Dec 28, 2015 8:50am Dec 28, 2015 8:50am
- Joined Dec 2010 | Status: Never Stop Learning | 7,326 Posts | Online Now
{quote} +22 pippers {image}
Do you use Higher TF analysis to have an IntraDay bias?
Do you use Higher TF Support/Resistance (depending on your IntraDay Bias) to watch for Market reaction?
Looks like you reacted to the Bullish Break of M5 Consolidation expecting it to be a False Break or Bullish Exhaustion?
I'm just trying to gain an insight to how you come to your Trade decisions.