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Highest Open / Lowest Open Trade

  • #8,741
  • Nov 10, 2016 11:39am Nov 10, 2016 11:39am
Quoting BrTrader021
{quote} I love this thread! Thanks for the strat, TS!! But i just cant understand your daily screehshots!! This GU print for example: what do u wanna say with it? Thanks. {image}
As TS says, it's a heads-up. The same goes for charts myself and PtG post. There is no spoon-feeding here, so we will give heads-up to something potentially interesting and then you learn by doing. Read the rules, apply to what you see on that chart. The decision is then yours. Trust me, you will learn so much better this way. Welcome aboard!
  • #8,742
  • Nov 10, 2016 11:47am Nov 10, 2016 11:47am
Quoting profitfarmer
{quote} LoL, wishful thinking, huh? You don't get rid of everyone that easy!!! Away for a 5-days work related training, that about to end tomorrow. Since on the tablet I don't have the same MT4, but this mobile thing seem lot inferior to my taste, no HOLO here. However, having a look on the aftermath of the election, can't resist completely, it is a scalper's paradise out there For that I don't need much tools, though closing trades painful. But something for something, definitely can't complain on the results...
Thought it had been awful quiet this week!
  • #8,743
  • Nov 10, 2016 11:51am Nov 10, 2016 11:51am
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The hardest part of HOLO is the waiting.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,744
  • Nov 10, 2016 12:08pm Nov 10, 2016 12:08pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,745
  • Nov 10, 2016 12:15pm Nov 10, 2016 12:15pm
Quoting lemercenaire
{quote} Thought it had been awful quiet this week!
Brace yourself, comes next week, and your peace is over!!
there is always, always another trade!!
  • #8,746
  • Nov 10, 2016 12:15pm Nov 10, 2016 12:15pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,747
  • Nov 10, 2016 3:47pm Nov 10, 2016 3:47pm
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,748
  • Nov 10, 2016 6:32pm Nov 10, 2016 6:32pm
Quoting profitfarmer
{quote} Brace yourself, comes next week, and your peace is over!!
Attached Image
  • #8,749
  • Nov 11, 2016 9:56am Nov 11, 2016 9:56am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,750
  • Nov 11, 2016 10:02am Nov 11, 2016 10:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,751
  • Nov 11, 2016 10:03am Nov 11, 2016 10:03am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,752
  • Nov 11, 2016 10:14am Nov 11, 2016 10:14am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,753
  • Nov 11, 2016 10:16am Nov 11, 2016 10:16am
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Rule #4
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,754
  • Nov 11, 2016 10:45am Nov 11, 2016 10:45am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,755
  • Nov 11, 2016 10:46am Nov 11, 2016 10:46am
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Rule #5
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,756
  • Nov 11, 2016 10:58am Nov 11, 2016 10:58am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,757
  • Nov 11, 2016 11:02am Nov 11, 2016 11:02am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,758
  • Nov 11, 2016 11:04am Nov 11, 2016 11:04am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,759
  • Nov 11, 2016 1:24pm Nov 11, 2016 1:24pm
Quoting TooSlow
{image} {image} {image}
Those pesky Swiss Bankers fooling around again?
  • #8,760
  • Nov 13, 2016 10:25am Nov 13, 2016 10:25am
Trading For A Living
"It seems that many people just want to get to the cool stuff and they ignore the basics. They don’t understand that the soul of any discipline truly is the basics."

"One of the reasons why traders struggle is because they are using systems that don’t work and they cannot work because those systems just don’t have an edge. It is essential that you have an edge."

"It’s definitely hard to make a hard generalization. But the efficiency of simple tools for instance ultimately depends on how they are applied. You can have a tool that works very well but if you don’t apply it properly you will not get good results. Complexity is not a bad thing but may not be necessary."

" The biggest, I think, is simply doing something that doesn’t work, having some trading system that you don’t understand because you got it off some chat room or bought it from someone else. Even if the system has an edge it’s not your system so you can’t execute it appropriately.
And then there are things like sabotaging yourself, meaning taking the wrong size in trades, the behavioral issue of ignoring stops, getting lazy and not doing the necessary work, skipping trades, not managing your positions and so forth. There are many things you can do wrong that will effectively sabotage you."

"All of this is important but it is critical to understand that you need these three pieces: the edge, the risk management to apply the edge and the psychology to make sure you do what you are actually supposed to do."

"To be a profitable trader this means that you find something that is robust and repeatable and sadly this means it’s boring. Effective professional trading is really doing the same thing over and over. One of my closest mentors said that the best definition of good trading is like being a stonemason or bricklayer. You put a brick down, then put the mortar, smooth it, then put another brick down, then the mortar, smooth it and so on. If you continue doing the same thing over and over at some point you will build a big wall. But the actual act of doing is the same boring, tedious routine. It is almost an insignificant thing."



http://www.zerohedge.com/news/2016-11-12/trading-living
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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