EURUSD

Quoting FxLogix

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{quote} Harmonic Structural Failure, the nearest Large Scale Digital Geometry Structure would be used for Recovery Phase.

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Quoting BooG

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lololo goin from NOt-KPMG's youtube of south park to this {quote} is too much of a rollercoaster on my brain cells.

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Quoting BooG

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Dude.... okay so you scale leverage based on your performance....starting from 1:1....

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Quoting BooG

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Let's say: 100$ acc balance ->available trade capital 50$ 80% accuracy (quite amazing in the long run...) so you have trading capital of: 50$ * 0.75*0.8 = 30$.... so you have 2 shots and then the account goes bust?!

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Quoting BooG

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...this is disturbing can't you see you put a moving average over your performance?

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Quoting BooG

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...and we all know that MAs scream loud and clear: lagging!! Bottom line: if you can't explain your chart to a 10 y.o., you're missing something. okay have fuuuun! xD

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Quoting KillerWhale

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{quote} Time will tell, but I'm sure we won't see you here in 2 years from now. I've seen so many people come and go here you won't believe it. But I'm still alive after 11 years trading.

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Quoting FxLogix

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{quote} Learned how to trade more than 15 years ago. First classroom setting type course under George Fontanills, learning Equity Options Strategies. That's probably where the creativity comes from. If you do what the rest of the majority un-trained retail market does, you can probably expect the same results. No magic in that thesis. I began my career as a trader with someone who actually knew how to be consistently profitable. That might have something to do with my attitude about profitability today. After 11 years, then you should know who George...

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Quoting KillerWhale

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{quote} Like I said, time is not money for me, time is enjoying life.

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Quoting KillerWhale

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I was in Europe, Canada and Hawaii the last 2 months. In December I'll be in South America and the Great Barriere Reef in Australia is still on my list, among many other destinations.

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Quoting FxLogix

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{quote} And, how does one enjoy life struggling to pay bills, unable to pay for things needed or wanted, having more month at the end of the money, waking up in the morning commuting to a job that is making you sick, spending more time on the freeway each day than you do with your own children, fearful of the next economic meltdown, outliving your pension and just a few, a few paychecks from absolute economic ruin and no capital to start a business that could provide the income necessary to solve these problems. That is what a lack of money does....

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Quoting KillerWhale

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{quote} Lol Money is really the last problem I have, and that's thanks to currency trading. Move back in this forum to somewhere in 2009, and I posted on this forum on a Sunday afternoon that BOJ is gonna sell Trillions of YEN because the Yen was too strong. 3 hours later it happened, I made $60,000 in 6 hours.

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Quoting KillerWhale

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{quote} Lol Money is really the last problem I have, and that's thanks to currency trading.

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Quoting BooG

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lololo goin from NOt-KPMG's youtube of south park to this {quote} is too much of a rollercoaster on my brain cells. Dude.... okay so you scale leverage based on your performance....starting from 1:1.... And then aggressive :"I set 50% of account balance as available trade capital and then use 75% of the the total accuracy rate of the system multiplied by that 50% of the account balance to determine the per trade basis" Let's say: 100$ acc balance ->available trade capital 50$ 80% accuracy (quite amazing in the long run...) so you have trading capital...

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Quoting KillerWhale

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And there are many other things like this, I was short GBP/YEN when the Procter/Gamble mistake was made years ago, 1200 pips in 5 minutes. The Britex failure is another one that everyone could have caught, but how many did?

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Quoting FxLogix

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{quote} Congratulations! See how easy that was. Thanks to a business where you can derive the money you need to take care of the lifestyle you want, need and desire, "money is really the last problem you have." Beautiful.

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Quoting FxLogix

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{quote} Great GBPJPY / Procter & Gamble debacle trade. Awesome trade. I went back and looked at the configuration on few of the Indicators that I use, it shows that the Brexit Vote came 1hr after the Short signal and the confirmation of the Short signal came 120 minutes after the Brexit vote. So, both the Signal and its Confirmation were encapsulated nicely for 382 pip move down and into the Short exit confirmation. Some people caught Brexit, others did not: {image}

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Quoting FxLogix

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{quote} There is no "stop-loss" in the way I trade personally. Stop losses are typically used by those who don't have Trade Recovery skills. Scalping is effective right up until the point where the Institutions are done Accumulating. After that, Scalping becomes high risk trading and not something I will typically engage in. Brexit has caused a reduction in consistent EURUSD volumes. That in turn slows down the development of Harmonic Patterns and increases Harmonic Mutations during the fulfillment cycle of larger Standard Harmonic Patterns. Everything I do in the markets is pre-calculated and with forethought. The Recovery Phase replaces Stop Losses and any Recovery Phase is defined as a negative working capital position(s). That is defined in my book of trading as simply positioning for recovery of capital, not for extending profits. I don't believe in losing capital long term. So, the way I handle my internal accounting might differ from someone who uses stops as my horizon for taking profits is variable and dependent upon the outcome of the previous trade. The Recovery Phase in this case, if it ever becomes necessary, is as follows: {image} It consists of a re-entry Long using the Confluence between Bullish Harmonic pattern AB leg 1.27 to 1.618 extension and the Bearish Harmonic pattern BC leg 1.27 to 1.618 extension. Since neither Bullish Harmonic nor Bearish Harmonic extensions have any overlap, I take the two extensions from each one that are closest to each other on the Y-axis of the chart. In this case, that produces a Recovery Entry Zone roughly .1188 and .1178, representing a roughly 30 pip negative working capital recovery requirement en route to a 90 to 100 upside target. So, when I enter a Recovery Phase, I expect the market to pay me back with interest. My Recovery Phases are never less than 3:1. So, even when I lose, I win. ?

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Quoting Not-KPMG

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{quote} . Where us Tudor by the way? He must answer for the decline in Romanian trading capabilities

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Quoting TudorIoan

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My Intraday View Lazy range bound. And it's pretty much possible to stay so until Fed rates (21 Sep.) If you don't think is funny to play range (sell top_buy bottom) you should quit E/U for other pairs. Anyway, US Retail Sales (Thu) and CPI (Fri) are coming soon and hopefully cause few breaks. Intraday - it looks like 1.1261 the Monthly_mid it's the resistance; - support: I'll put my support at 1.1190 the Monthly_Pivot; Today, I'll start selling at 1.1230 the Weekly_Pivot ...if London doesn't feel too bulish Good trading all! {image}

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Quoting Jonstaples

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{quote} I fully agree with your analysis but my short entry is below 1.1220. {image}

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Quoting TudorIoan

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{quote} Good selling point 1.1220 ...but I think 1.1230 ...oups, 1.1230 just triggerd! ...the upper the sell, the better! ....but bounced to hard, I'm affraid now it will be a bullish day

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