Maadik Hugiis. IQ 69.
1
- #81
- Feb 2, 2017 9:24am Feb 2, 2017 9:24am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
Mr 90's, please, always trade well! You are an inspiration for folks like me! I want you to add another zero to your balance! And then? Fly like a bird in the sky!
{quote} His dream could come true soon.
But the problem is i don't heavily rely on indicators, i have no system, which makes me difficult to explain.
Maybe i try to explain more here.
First, as i only focus on USD pairs, i must have perception/ assumption on USD in mid-long term.
As i said before, i now hold a bearish view on USD (we may discuss this later, i also want to know what other people think)
so you may find most of my trades are in this direction (no matter which pair i trade), except when i try to scalp
After that, I won't just look at one time frame and one instrument
If you try to look at USDJPY EURUSD GBPUSD and GOLD at the same time
You may soon find out how they are related (of course they are related, because they are USD pair
)But what i mean is more than that
I don't have example on hand, but all i can say is:
some go faster, some go slower, some have delay, some are stronger, some are weaker, but they eventually go in same direction
and you may even find that they hit their own support/resistant at the same time
1216.7 = 112.6 if you know what i mean
and this is an good example of below
After that, I won't just look at one time frame and one instrument If you try to look at USDJPY EURUSD GBPUSD and GOLD at the same time You may soon find out how they are related (of course they are related, because they are USD pair
which is a very good chance to short as it will eventually follow other pairs
this is not a 100% guarantee win, as it can turn out that GOLD, EURUSD breakthrough are fake
but i should say it have a great chance to scalp some pips
and now we are at the sword line 1220.2 = 112.26
After that, I won't just look at one time frame and one instrument If you try to look at USDJPY EURUSD GBPUSD and GOLD at the same time You may soon find out how they are related (of course they are related, because they are USD pair
Hi all just a little update on GOLD, 1200 is safe now, so we probably should look forward to breakthrough 1220 Here the nearby sword-line 1220.2 1216.7 1214.7 1212.3 1209.9
they serves as important support/resistance since last Nov
i don't know what mechanism is behind these numbers
i just observed them in last Nov when the price twisted there
and therefore, you may also try to find out these important lines in different instruments
these lines are very important as they serve as Decision Points
For example, now, GOLD just cannot hold 1220.3 after testing few times, so i decided to TP first
(i TP now also because today is Friday, i don't want to hold so many lots over weekend, and also i still have long positions up there, i can still have profits if it eventually go up
)There is one more example tonight, as you may see i TP at 1216.7 and re-enter long position there
(if i was confident enough, i should have added at 1214.7 instead
)
{quote} Yes that makes indeed sense. I'm following the thread with great interest as I also live in Hong Kong. At the moment the thread does indeed lack a trading system/ideas to grab a feel of how you trade. Have you ever considered to open a chatgroup (telegram or others) for notifications of when you are placing/closing the trades?
To be honest, i don't mind if you copy my trades to have profits, but i am afraid if you copy my trades and lost
Everyone have different endurance level, i can withstand 30%, even 50% DD, but i don't think most of the traders can.
and most important is that, i am not 100% correct all the time
so...
- #93
- Feb 6, 2017 12:13am Feb 6, 2017 12:13am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Maadik Hugiis. IQ 69.
{quote} I think following your direction decisions to be more an appropriate... and even more valuable, than just copying your trades. Thus everyone can adapt their own style or strategy (lots, ext) to the direction copied? You have a very nice direction taste Mr. 90s. I have never ever witnessed in my 3-year trading experience anything like your performance. There were few guys like Mr. BagX, Mr. dax30 and Mr. GoodBoy, here on FF, but they have jumped right into the abbeys shortly after their glory moments... I hope you are different and...
i think, at first, % gain is not important and i don't think setting a % target is good, as it will add pressure on you.
and maybe just try to get a good % win rate is a good start
just another advice: try not to trade both direction (especially avoid reverse trade), i think it will make things much easier
but you may need to be very patient as you may find most of the time, you are just waiting and waiting at first
hope you can find the way that suit you
Hi all,
just a little update
EUR and GBP are both relatively weak today, not sure what's going on, but need to keep an eye on them
and as i said before, i don't have some concrete sword-lines above 1220.3
but i think below are some important support/resistance we are facing
1220.3 (important support)
1223.6
1226.5/1227.6
1229.7
1234.0 (this is very important and i suspect any breakthrough on this will be a heavy spike)
Good luck and good day
just a little update
EUR and GBP are both relatively weak today, not sure what's going on, but need to keep an eye on them
and as i said before, i don't have some concrete sword-lines above 1220.3
but i think below are some important support/resistance we are facing
1220.3 (important support)
1223.6
1226.5/1227.6
1229.7
1234.0 (this is very important and i suspect any breakthrough on this will be a heavy spike)
Good luck and good day
Hi all, just a little update EUR and GBP are both relatively weak today, not sure what's going on, but need to keep an eye on them
will wait one or two more test, if cannot breakthrough, will probably cut some long positions
P.S. i underestimated the resistance as you can see i was expected to breakthrough 2 times and added long there
so i'm looking at the exchange rate of HKD to USD, it's about 1 HKD= 0.13 USD. is it cheap to live in hong kong? what'st they typical rent is like in HKD in the city?
The living cost here is one of the most expensive in the world 
just found some stat in the Internet::
The price of Monthly rent for a 45 m2 (480 Sqft) furnished studio in NORMAL area in Hong Kong is US$1,825 (HK$14,160)
and probably need US$640,000 (HK$5,000,000) to buy a new flat with that size (not near the city center)
P.S. fresh graduate from university here earn around HK$16,000 per month
that's what young people are facing in Hong Kong now
some may notice that i SL that 2 long positions and as long as i SL, it rebounce
i SL at 1226 as i saw 1226.5 the last line of defense
at the same time, USDX made me so uncomfortable, as it was going to breakthrough too (which was a fake at the end)
but from how the price move tonight, we can confirm at least two important price level
1229.7
1226.5
i am not going to hold any position overnight, simply lack of confidence, and is 12:30am here
Good night everyone
i SL at 1226 as i saw 1226.5 the last line of defense
at the same time, USDX made me so uncomfortable, as it was going to breakthrough too (which was a fake at the end)
but from how the price move tonight, we can confirm at least two important price level
1229.7
1226.5
i am not going to hold any position overnight, simply lack of confidence, and is 12:30am here
Good night everyone
some may notice that i SL that 2 long positions and as long as i SL, it rebounce