View Full Version : MY Journal-phil13
today's E/U view... (for me personally)
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now's E/U opinion... (for me personally) image
I agree with your reasoning and for yesterday - exactly how I watched it. I am learning.
Alex
Hi Alex
https://www.forexsoutheast.asia/attachments/1526439306.jpg nicely done my friend. Https://www.forexsoutheast.asia/attachments/1526439306.jpg
as I guessed yesterday they've used this to create a 'killing field'.... We have to be aware of the form of places large orders could be lurking and how the MM's play their match.
Missed this transaction myself was to other things by the time this took off.
regards
Phil.
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Hi Alex https://www.forexsoutheast.asia/attachments/1526439307.jpg nicely done my friend. Https://www.forexsoutheast.asia/attachments/1526439307.jpg as I guessed yesterday they've used this to create a 'killing field'.... We must be aware of the sort of places big orders may be lurking and the way the MM's play their match. Missed this trade myself was to other things by the time this happened off. regards Phil. image
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Alex
G/U demo trade....
This was a counter commerce, the difference here to the E/U commerce was this wasn't at a spot I would suspect enormous trending orders to be.
Avoid what is strong and attack what is weak.... AOW. https://www.forexsoutheast.asia/attachments/1526439307.jpg
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E/U update....
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the demo stats for anybody considering the account I am using to show a few of the ways I trade.... Small and often works very well as soon as you lose the overnight 'wanna be a millionaire' desires/thoughts.... Gradually and safely build that ants nest out of the crumbs that fall once we see that the footprint.
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Hi Alex https://www.forexsoutheast.asia/attachments/1526439318.jpg well done my friend. Https://www.forexsoutheast.asia/attachments/1526439318.jpg as I suspected yesterday they have used this to produce a 'killing field'... image
Hello my friend.
I actually had just sat down at my desk to do my assessment of charts and had been watching the killing fields already - watched and felt the bulls kick in large and so followed them pre the news so believed they'd go for it as bulls very much more powerful all of a sudden and scared shorts of course. Bit luck with time. Just proceeded with momentum - then it went all broad rangey - tried that a bit for the longs but took my men out with a few tiny pips as too much selling kicking in and bulls having difficulty here and there - could have made more but I still didn't enjoy it.
Alex (not so cool really)
Hi Alex
pips at the bank are pips at the bank and all are cool, make it 1 or 100 at a time, things come together when you become aligned with the market/price and then you receive the odd lucky run to bank, our job is ants work slow and steady.
Was sitting watching them dip the H1 buyers and waiting for the reaction, but have decided not take that trade today since it will drag me into my overnight as well as the demo account doesn't have sufficient F/cap however to do things like that.
Calling it a day today.
regards
Phil.
E/U Upgrade...
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E/U demo trade....
More luck than skill with this one.... And yes, I would of (did) done the same thing reside... (but with sizing to that account.)
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E/U demo trade.... More luck than skill using this one.... ....that worked out nicely... have been stalking this play all week - analyzed longs a Couple of times all and just traded small shorts a Couple of times testing them too - but maybe not in the biggy move due to news but you could feel it coming from the down play - lots of buying concealed in the killing fields
More sad news out of London...
Alex
Hi Alex
nicely done my friend.
So long as you understand when you are trading counter and apply the correct management to it then you shouldn't have problem, I do it too sometimes, to me the key thing is to know where we're in the move as you see by my charts I am constantly eyes wide within the time frames surveying the battlefield and at which the places of interest are to struggle or leave the battle.
It definitely felt like this to me too (the buying), that is the reason why I hit the H1 buyers place with this last transaction.
regards
Phil.
Included...
https://www.forexsoutheast.asia/attachments/1526439327.jpg for those people affected from the london tower block fire https://www.forexsoutheast.asia/attachments/1526439327.jpg
Hi Alex nicely done my friend. So long as you know when you're trading counter and then use the correct direction for it then you shouldn't have problem, I do it too sometimes, to me the essential thing is to know where we're in the move as you see by my charts I'm always eyes wide within the time frames surveying the battlefield and at which the areas of interest would be to struggle or leave the conflict. It felt like this to me personally too (the buying), that is the reason why I struck the H1 buyers place with this previous transaction. regards Phil. Yeh I stopped shorting when I felt the buyers arrive in - didn't wish to trade news though - it was brief when I looked in it so no long oppo.
Alex
E/U upgrade...
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ADDED... 1.20pm gmt
did not exchange it in the demo, too occupied with the live stuff now sorry...
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E/U upgrade...
for me personally is in a walled city (AOW) today, so no transactions here.
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U/C demo trade....
Know what's above in order to exchange correctly below... (truth and truth)
hear the scouts over what you might think.... Thinking is over-rated ().
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U/C demo trade.... Second go at ching it
again it went wrong and I had to handle my way out of this situation I put myself in... in long battles sometimes I am just pleased to walk away.
Spread over 3 articles due to a lot of screenshots.
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continued in article below...
cont. . From post above
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ANT's WORK a lot of the time...
ADDED...
I must just remind everybody that this is a demo and so trading a single pair at a time to demone some thoughts about how currency management, I would of typically been trading 2-4 pairs at one time and doing the same thing with the cash as I revealed here.... Offsetting profit/loss transactions to book a 'set' of transactions into my account, I'm trading my account (the cash) not trying to beat any single pair, all that should matter to us is protecting our account and reserving a profit.... That is our goal as traders.
That the 'magic' is not in just including the skews as most do and they wonder why 'it sting' them, the art is in you managing/adjusting them in very open and adaptable ways, the skews are just a tool and it takes time and practice to get the best out of any instrument.
cont... from article above image ANT's WORK a lot of time... ADDED... I must just remind everyone that this is a demo and therefore trading a single pair at a time to show some ideas on currency management, I would of usually been trading 2-4 pairs at one time and doing exactly the exact same thing with the cash as I revealed here.... Offsetting profit/loss trades to book a 'set' of trades to my account, I am trading my own account (the cash) not trying to beat any single pair, all that should matter to people is protecting our account and reserving a profit.... That's our goal... - wowsa - this stuff is great - do you think FTI trades like this?
I want to consider this a few more to receive my mind around it. I understand the idea fully but you need to enter under good thought and not just throw guys at it.
Thanks so much Alex
Hope you had pleasant Father's day.
Could I ask why you chose to use m15 rather than m5 for entries - is there a motive?
Alex
Hi Alex
now I'm a bit older I need the 10 minute snooze involving candles. . .lol. https://www.forexsoutheast.asia/attachments/1526439902.png .
Fti said trading M5 or M15 is nice, I loe M15 for me cuts out a few of the sound so that I can get better quality entries and buy/sell reads from the bars, so it supplies me without need to test/scout so many things, it's just my preference, I do sometimes use M5 to attempt and refine an entry in a pullback but not quite often now.
regards
Phil.
Hi Alex today I am a little older I need the 10 minute snooze between candles. . .lol. https://www.forexsoutheast.asia/attachments/1526439902.png . Fti stated trading M5 or M15 is fine, I find M15 for me personally cuts out some of the sound so that I can get far better quality entries and buy/sell reads out of the pubs, so it supplies me without need to test/scout so lots of things, it's only my taste, I do sometimes use M5 to try to refine an entrance into a pullback but not very frequently today. regards Phil. Because I utilize m5 but I do think you're right in that m15 cuts some sound for certain it's bound to.
Alex
one final quick commerce on such demo account before I call it day.
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just to update on the live account that I needed to take a loss on due a misunderstanding with my broker.
Https://www.forexsoutheast.asia/crypto-trading/399-mt4-range-bar.html
because you can see I have managed to return to my great stable and steady mindset because that event.
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just to update about the live account that I needed to take a loss on due a misunderstanding with my broker. Https://www.forexsoutheast.asia/general-forex/486-favorite-alert-systems.html because you can see I have been able to return to my good stable and steady mindset because that event. image
Great. Well done
Alex
U/C demo trade.... Got caught out here promoting a bottom.
Our job as traders is to produce a profit not be wrong or right or have complete best entries each moment.
This is a long trade... 3 days and 21 charts.
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cont. . From article above...
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U/C demo trade.... Got caught out here promoting a bottom. Our job as traders is to create a profit not be right or wrong or possess complete perfect entries each moment. This is a lengthy trade... .... Great charts my buddy. I look to same selling/buying zones for rapid in/out rescue if there is response but can be harmful and cause me to stiff mind.
The only real difference here is that I'd have used m15 to flip ie stop reverse together with bull momentum when dips got taken out by powerful bull run and response then had enormous bull momentum - stop in PB to reduce loss (or try rapid in/out rescue) subsequently reverse.
Thanks so far this is gold for everyone to review and learn...
I enjoy the dialogue you've got with yourself as price action develops.... I am attempting to do that as it helps. Or perhaps I am just weird talking to myself. Didn't FTI say that could happen?
Alexhttps://www.forexsoutheast.asia/attachments/1526439937.png
Hi Alex
thanks my friend https://www.forexsoutheast.asia/attachments/1526439937.png.
We all do things differently and that is ok as stated he wasn't wanting to produce carbon copies, as long as our bottom line is going the correct way then we're on the ideal path, one thing in this is we can't escape the fact of what our account is telling us we simply have to monitor and adjust our direction until we're comfortable and not living/trading our emotions. Https://www.forexsoutheast.asia/attachments/1526439938.jpg
trading is a lonely business so I have to speak to somebody. . .lol. and. . Fti did state so long as we do not answer ourselves that is ok....lol
I try to compose the charts as I go/save them so I can put what I am thinking in these, this way others may view my train of thought while trading and. . Make of it what they want. https://www.forexsoutheast.asia/attachments/1526439938.jpg https://www.forexsoutheast.asia/attachments/1526439938.jpg https://www.forexsoutheast.asia/attachments/1526439938.jpg
regards
Phil.
so here's a possible trade developing.... Feeding on the carcasses. (continuation)
let us see what happens.
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the demo trade for the above post....
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the demonion exchange for the above article... image image picture RoK: sent EU long using its trend and EG long so cable brief - also UJ brief GJ brief while EJ fakey long then brief good in regards.
Thanks so much great explanation on charts.
Alex
Hi Alex
yes, I see that the E/U and U/J move also myself, didn't take the E/U trade but did possess some from U/J and have only pulled from that one also.
It seems as if you're doing yourself today my friend, fantastic luck and happy pip hunting.
regards
Phil.
Hi Alex yes, I see that the E/U and U/J move also myself, did not take the E/U trade but did have any from U/J and have only pulled out of that one too. It seems like you do yourself now my friend, fantastic luck and happy pip hunting. regards Phil. . . .getting there gradually... trying to focus a little more about RoK again. One's a pioneer, one's a follower and one's a fakey.
Trying too to perfect what I do to make it tidier (I understand what I mean) and also my rescues/attacks.
Thanks again for all your wonderful postings.
Alex
Hi Alex
it is due to the upset of equilibrium in the uk.
Good my friend, the more we practice the better we get at it.
No problem in any way, you are welcome.
I've just done charts on E/U (your favourite e partner) to show follow the actions there.
regards
Phil.
Contested earth...
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Hi Alex it is a result of the upset of equilibrium in the united kingdom. Good friend, the more we practice the better we get at it. No problem in any way, you're welcome. I've only done charts on E/U (your favorite e partner) to show follow the actions there. regards Phil. Contested earth... image image image picture Went short in m5 but lots of buying ops (in buying zone) around so cautiously. Been seeing the RoK play - cable was nicely newsy - felt that eur would go down eventually and the ancient play was for cable short and shorts from JPY. But eur was first of course.
My thinking on charts like yours.
Alex
HI Alex
there are buying areas within buying areas here D1-M15 = for me personally it contested earth... may be used as a killing field??
I'm not investing in this ATM.
regards
Phil.
added. .
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trade not doing exactly what I suspect so murdered scout now.
Calling it a day today.
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Not trading today...
as mentioned previously it is a USD holiday today, been seeing the last couple of hours along with MM's appear to take advantage of the reduced volumes to run stops/orders, will almost certainly be quite unpredictable/random moves from what I have seen so far, no point making myself a potential problem in a tricky market like this today.
Off to perform some more of my never ending list, at least that'll help keep my wife happy and give me a bit of exercise...
having a brief break from my listing...
here's how I could see the MM's performing the stop/order runs... and it continued. .
That (or similar) was on a couple of usd pairs. .
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G/U exchange.... Checking out the lay of the property pre-news. . Timing nevertheless not right just yet info that came back.
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G/U exchange.... Checking out the lay of the land pre-news. . Timing still not right just yet info that came back again. picture image image picture
. . They delivered eur long so gbp went short then struck the eur buyers difficult - lucky I knew exactly what they were probably doing so got out at the selling zone - then proceeded. My prejudice is extended too but they may not agree with me.
Alex
quote . . They delivered eur long so gbp went short then hit the eur buyers hard - lucky I knew exactly what they were likely doing so got out at the cart - then went with. My prejudice is extended too but they might not agree with me. Alex Hi Alex
that's it my buddy....
Provided that our 'prejudice' doesn't override the reality of what IS happening, then there's absolutely no reason why we shouldn't endure the situations we put ourselves in.
ADDED...
believing something will frequently make us need to make that fact, we will need to comprehend this and learn to separate the two parts of the brain which connect this sub-conscious re-action.
regards
Phil.
ADDED...
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Hi Alex The spiral is the cornerstone of the money management. Note the larger numbers are under, price was moving up, the reverse recovery is more powerful to enable a faster exit and re-group, you can reverse or let it cancel itself out which would produce a general profit as price continues the move. I've recorded a couple of reverse recoveries here but I used the PA to input not a set figure. This is purely to demone how money if managed correctly will look after itself, while price is ranging it may trigger both longs and shorts, finally... Hi Phil, interesting stuff you got there.
Edited: sorry I believe I misread, you were demoing mm plus management egy, but interesting stuff.
I also discovered how you layered your transactions makes it reduced frequency, which aids with all the whipsaw.
quote Hi Phil, interesting stuff you have there. Edited: sorry I believe I misread, you were demoing mm and management egy, but nonetheless, interesting stuff. I also noticed the way you layered your trades makes it reduced frequency, which aids with all the whipsaw. Hi CookieMonsta
welcome and Thank you to the interest.
No worries, I watched the deleted post, by the edit I notice you know what I am doing and how.
It stems from integrating AOW into my MO, all that matters is the condition (account), I trade my cash, the market is the vehicle where it travels only, the way that it travels is around me and I have determined a 'best outcome' and 'by any means' egy is the best way for me, since I have stated many times on the TAF thread I have tested my account and myself to be able to handle 1000 pip moves (although never it gets this far away anymore), my defence (as it must be for almost any condition) is far more than troops I use to fight the individual battles, for me a profit is a profit and losses shouldn't be tolerated, where or that 'profit set' is composed is irrelevant to mepersonally, I win when I bank a break or above commerce, not when I finish a commerce in any single pair.
It is too hard to show this spread across the many pairs I trade, so I have condensed that basic idea into trading demonion pairs to try out show what I do, being dyslexic I have difficulty explaining myself that is why I use a lot of charts and pictures/videos.
regards
Phil.
quote Hi welcome and Thank You for the interest. No worries, I saw the deleted post, by the edit I see you understand what I am doing and how. It stems from integrating AOW in my MO, all that matters is the state (account), I exchange my cash, the market is the automobile in which it moves only, the way that it travels is around me personally and I've determined a 'best outcome' and 'by any means' egy is the ideal way for me personally, as I have stated many times on the TAF thread I have analyzed my account and myself to have the ability to manage 1000 pip moves (although never... The charts are really great, to be honest I prefer the way you present things.
There's something I am interested in showing you too, it's my own speculation though, it has been sitting in the back of my mind for a while. You understand how previously mentioned there are techniques to be certain book does not lose money?
I was wondering whether that mo is it, so the basic core is the ing, the ad-hoc egy is using 3k to hedge and rotate momentum, and when cross still incorrect, implement a special collar egy in the form of 1.3x security financed by 1.6x options premium, e.g. extended 1x spot, long 1.3x put, brief 1.6x call.
3 situations, if keeps falling, the 1.3x call keeps helping us break, if retains ranging, basic rescue mo, if sudden counter urge back up long, we could allow the long accumulate profits till it strikes the strikes of the brief call, in that case, attack with 0.6 into fibo spiral lock and out volatility and spot long money's and figure approaches to ship the position up because we're fairly much profits, we could allow it to expire in the money. The secret is that if in saving mode, we utilize 0.3 subjected by our puts to carry out rescues without spiralling publiion to oblivion, and engineer slow egy retreat while puts keep holding our profits (saving 2, then have 5 complimentary, 5 saving 3 then 8 complimentary, 8 save 5 and all out and puts heavy in the money). If it goes down, we could close sold call and roll it lower because, it's in our favour given by how options premium decay when price moves away from attack.
This was exactly what I was imagining about the cycle egy, that's if the egy's cycle begins moving in a loop, it could be possible to balance the publiion without entering death battle.
I find that what you've got there in principle is comparable?
Fundamentally it's to deactivate markets sigma and volatility and turn it in our favour.
quote
I see what you have there in principle is comparable?
Essentially it is to reevaluate markets sigma and volatility and then flip it in to our favour.
Hello CookieMonsta
spot on my buddy, and... explained much better than I could. . https://www.forexsoutheast.asia/attachments/1526199695.jpg
regards
Phil.
quote Hi spot on my buddy, and... explained much better than I ever could. . https://www.forexsoutheast.asia/attachments/1526199695.jpg regards Phil. Nice Phil, this is strong stuff you've got there. Would definitely want to see how you develop it further.
quote ....implement a distinctive collar egy in the form of 1.3x security funded by 1.6x options premium, e.g. extended 1x spot, long 1.3x put, short 1.6x call. 3 scenarios, if keeps dropping, the 1.3x call retains helping us split, if retains ranging, fundamental rescue mo, if sudden counter impulse back up long, we can allow the long accumulate profits till it strikes the strikes of the short call, in that case, attack with 0.6 into fibo spiral out and lock volatility and spot long money's and figure approaches to ship the position up because we're fairly... Can I ask what all this means?
Alex
quote Could I ask what all this means? Alex Hi Alex
there are ways to stop the bleeding and wait for more favourable market conditions to recover/profit out of, options (long sword) is another method of accomplishing what I am showing.... But stated sword is not suitable for retail. A combination of options and spot transactions is the approved (mainstream) system out there of hedging a trade for this purpose and other combinations to attempt to skew the market moves into a general profit.
http://www.investopedia.com/walkthrough/corporate-finance/5/risk-management/hedging-options.aspx
regards
Phil.
quote Hi Alex there are methods to stop the bleeding and wait for more favourable market conditions to recover/profit from, options (long sword) is another way of accomplishing what I am showing.... But said sword isn't suitable suitable for retail. A combination of options and spot transactions is the accepted (mainstream) method out there of hedging a trade for this purpose and other mixtures to try to skew the market movements into a general profit. regards Phil. I am not knowledgeable about the language Cookie is utilizing - to stop the bleeding I will cut and take hit for now or go another way and counter gathered rations until comes within my favour - of course gathered rations can cancel out my loss when keeps moving - of course you are able to cancel other winning transactions for healing also - am I missing something?
Alex
quote I'm not familiar with the terminology Cookie is utilizing - to stop the bleeding I can either cut and take hit for now or go another way and counter gathered rations until comes within my favour - of course gathered rations could cancel out my reduction if keeps moving - of course you are able to cancel other winning trades for healing also - am I missing something? Alex Hi Alex
I just know the fundamentals of it myself and it's been many years since I played with options, it is what I am revealing in my spot trading demo's but at a much more complex (to me anyway) way of accomplishing it, you have to have very deep pockets to produce a good income in the use of options, this is why said it isn't for us.
Perhaps CookieMonsta could explain it in a much better way for you.
regards
Phil.
quote Hi Alex I only understand the fundamentals of itself and it has been many years since I played with options, it's what I am revealing in my place trading demo's but in a much more complex (to me anyhow) way of doing this, you need to have very deep pockets to create a fantastic income in the use of options, this is the reason why stated it isn't for us. Maybe CookieMonsta could describe it in a much better way for you. regards Phil. Oh -thanks - I think I have enough on my hands to perfect what I am doing - I know I am developing real long term skills and it's tough work.
Thank you my friend.
Alex
quote Oh -thanks - I think I've enough on my hands to perfect what I'm doing - I know I'm developing actual long-term abilities and it is tough work. Thanks again my friend. Alex Hi Alex
no issue my friend. .
Do not worry you are not missing anything, I used to always feel that way when someone said things I was not familiar with... it keeps us back so don't worry on it.
regards
Phil.
quote Could I ask what all this means? Alex hi alex, well, do you recall when revealed us seeing nick leeson's instance of the way he rescued book? It was short call brief put against a very long spot.
So what happens is that he's gambling on volatility contraction, but by nature of his standing, he dies twice as quickly if price moves against him into the down side, which essentially is one of the worst moves around, its as great as martingaling down with no chance of profits.
So I was thinking something a better way to handle this type of situation, it was instead of gambling only on volatility slump, and try to pocket volatility and time premium, a better method is to simply collar it, firstly to stop bleeding and this buys you time since the market moves around violently, you are not subjected to the same volatility swings which the markets throw about, say for instance, if you collar 1x put and 1x call 50pips broad, at most you lose that 50pips if things go real bad, if matters turn for the better, you make 50pips. The death battle situation is practically impossible, but today, you have bought yourself more time to figure out what to do with the situation, without a guillotine in your own head, except you have given up the chance to make alot of windfall profit, so you sealed your chance for death battle. This is the foundation.
Extending the thought process further, assume I would like to use the premium to cover myself I can market 1.6x call while buying 1x puts, which means im vulnerable, 0.6x uncovered calls. Same strikes, 50pips away strikes put, 50pips away strikes calls, which means today, I have premium * 0.6 advantage concerning volatility and time cash, so while the market tanks, I need pips to break even. However, if price goes back up into the 50pips call strikes, my spot is already in the money, at 50pips, as well as 0.6x uncovered, it can go another 83.3pips from my call strike in order to demone a first reduction. But before that happens, I can spiral in and buy 0.6x spot which covers the call into a totally covered call while sitting profits, and keep my typical price at 0.38 % from extended spot position 1 to extended spot position two, basically, the attack mo spiral. The sold call was designed to be specifically 1.6 in order to factor in the way to make the most of the units placed in vs typical price. From this point onwards its about how to flip this place into a box spread to lock in profits and perish at the money.
Next, assume we wish to perform better, we state we need to rescue, just how much can we raise the other without paying a premium, i.e solution must be from 1.0 to 1.6 variable? Also, we don't wish to keep using choices, but we would like to use spot to keep using rescue because spreads for alternatives are about 10pips to 15pips, very pricey. So, perhaps if we try 1.3 instead.
Situation 1, range bound or very low volatility
today, we have purchased 1.3x puts and marketed 1.6x call, so 3 scenarios, if volatility is reduced and price keeps hovering at our place's price, we can only take the premium and shut all, at expiry, or we can try to save with 0.3x troops and engineer slow escape within afew small campaigns. Essentially, we use 0.3 to save 0.2, fibo skew, at that point, we've got 0.8 troops indoors, puts still at 1.3x and we've got 0.5 to mobilize again to save 0.3, then taking them out again, and continue doing that until we have rescued all we can simply do it until we a no way to drop situation, shut out the 0.3x premium, and let it ride, all the way, you get a free lottery ticket that's loss less.
Situation 2, powerful up throw, our place is long, which is technically a whipsaw
if rather price goes all the way up past our 50pip call attack, we buy 0.6 and are wholly delta hedged, and we're now in the cash, and have profits, but we still don't have any method to profit more, so we look to box our position up, by writing synthetic spread to change it into a box spread, or approximate it.
Situation 3, a powerful tendency change, on the daily against us, risk tenure if very high, if detected, publiion is vulnerable to unnecessarily large risk.
In this case, if price keeps pushing us against, say 100, 200 or 300pips, we're automatically in the cash, we can only shut all and reserve the profits.
However if you are still game, you can keep doing rescue with 0.3 as per the way we mentioned previously in situation 1, and also the position till fulfilled. So what happens is that you are essentially delta neutralizing your portfolio, but key is that, the e allows you to squeeze even more profits from your delta neutralizing of the portfolio as price gyrates and swings down and up since you perform your rescues. Say if price goes down 100pips, you've got whatever loss from spot 50pips*0.3 from the puts plus whatever profits from the call, and when that occurs, and you also do the e to save your spot exposure, you delta neutralize your portfolio, and also whatever pips you again in your spot exposure, you lose in your puts. So you are kind of constantly profiting 1 hands and shedding another, the key then becomes that your e and legging into rescue and eliminating troopers is your source of profits.
All the while when this is happening, you are ensuring you don't get into the death battle situation, hence, you have decorrelated the market's volatility and sigma with respect to your portfolio pl.
Below is your simulation of the way the pl resembles for the synthetic position
edit: the new screenshots ought to be the right one, the preceding one has incorrect ratios
https://www.forexsoutheast.asia/attachments/1526199719686223240.jpg
https://www.forexsoutheast.asia/attachments/1526199721323089489.jpg
quote I am not familiar with the terminology Cookie is utilizing - to halt the bleeding I will either cut and also take hit for now or go another way and counter gathered rations until comes in my favour - of course accumulated rations could cancel my reduction if keeps moving - of course you can offset other winning transactions for recovery also - am I missing something? Alex Hi Alex Guys.
Hope you're nicely. .
Alex you might find this useful. Http://www.investopedia.com/articles/optioninvestor/05/022305.asp
https://www.youtube.com/embed/TDnVl51It6g?origin=https://www.forexsoutheast.asia.com
(notice I do not endorse this person or channel, but I believed that he explains it nicely and the channel have some pretty awesome things for risk management)
Just like what Phil have mention, I also believe this might be the long sword that FTI is referring to. It is one of numerous tools that big boys have at their disposal to manage their risk, and, optimize their profits.
Rgds
quote hi alex, well, do you recall when showed us when this is occurring, you are ensuring you do not get into the death battle situation, hence, you .... Thanks will study afterwards.
Alex
Hi Ray
good to see you about again, was wondering what happened for you.
regards
Phil.
quote - wowsa - this stuff is amazing - do you believe FTI trades such as this? I need to consider this some more to get my head round it. I understand the idea fully but you will need to enter under good thought and not just throw guys at it. Thanks so much Alex Hope you had nice Father's day. Hi Alex
yes, if I understood that this could be achieved it was a major eye opener into the world of money management for me, of course I'm also using my 'market feeling' that I have developed over the years to help with entries.
Not certain if trades exactly like this, but I really do believe this isn't that far away from stuff he does, since I state the gap being trading it on multiple pairs not just one as I am revealing, trying to show this over multiple pairs would be too confusing and would take up too much of my time managing it in demo and I am not willing to show figures on live stuff to anybody, that is why I chose the simplest method was to do so in a single pair at a time, the trader man from london I met a few weeks ago also trades at a similar method to this and that is why I decided to pay the money management side of things today in my diary like I never truly knew if I was doing it right until that point or if a few long streak of luck was involved and I did not wish to fool anyone down wrong/dead paths how follow this stuff I am revealing here.
What actually enabled me to get to grips with this way of managing money was playing it at the online DEMO blackjack and roulette games (I don't gamble at all, unless for pleasure on holiday sometimes), I used these to help understand how I could manipulate money to my advantage in a random market/outcome situation, the trick is to level the playing area first to as close as 50/50 outcome with all the traders then use the money management working with the skews has revealed us again you will need to run up/down the skews and jump sections to keep the risk low as far as you can, maybe it may help others also understand it?? DO NOT DO IT LIVE. To get a #1 start skew you may need a # 12k demo account, you will be surprised how fast you can make 10%, only play for one hour at a time maximum or 10% this will also teach you discipline and control the 'greed' part within us all. If you're able to only find #1k accounts (many are) just double the the account with the very first bet then start to use the money management.
Thanks, yes the shooting was good pleasure.
regards
Phil.
take a look at this profit tracker for one more demo account I use to check a few things out on.... How is this .... Pips make awards right. . .not always!
Sometimes you may lose and still win.... It may also happen the other way around.... We must comprehend this.
https://www.forexsoutheast.asia/attachments/1526200095.jpg
there's a potential trade growing in U/J now....
Keeping your eye on the larger picture is a must for me and has rescued me from adding to dead transactions and/or at the wrong time many occasions, the analysis needs to alway be in the today and kept as straightforward as we can, at the end of the day we are only ever correct in our assessment or not so why complie things once the odds are 50/50, the scouts can help support either way if you listen to them.
Not investing the demo account atm, also occupied with some live stuff.
https://www.forexsoutheast.asia/attachments/1526200131837734107.jpg
there is a possible trade developing in U/J now.... Keeping an eye on the bigger picture is a must for me and has saved me from adding to dead trades and/or at the incorrect time several times, the analysis should alway be in the now and kept as straightforward as we can, in the end of the day we're only ever either correct in our assessment or not so why complie things once the odds are 50/50, the scouts will help confirm either way if you hear them. Not investing in the demo account atm, too busy with some live stuff. picture Agree with your views on bigger picture - I have been attempting the eurusd long again - it keeps paying.
Alex
Hi Alex
nicely done my friend always good to hear others having success. Https://www.forexsoutheast.asia/attachments/1526200096.jpg
here is how I watch E/U now.
regards
Phil.
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Hi Alex nicely done my friend always good to hear others having success. Https://www.forexsoutheast.asia/attachments/1526200098.jpg here is the way I see E/U now. regards Phil. image image Really I'd been fighting with my computer in the daytime and so had reviewed d1/h1 chart and knew that there was some bull momentum along with a gap long to potential resistance. I'd just checked m15 and saw m5 start the run - that the bulls gave themselves away in the messy down moves that did not wish to go lower and their fight backs - so again just time. I did not stay long though after it hit the tops and revealed negativity - eurusd doesn't wish to run yet- attempted another run and then also EG went short so out. Any way I had been annoyed at my poor PC so poor attitude.
UJ was much better tho - just the eur was facing me.
Alex
Hi Alex
there are a lot of things which can upset our trading mindset, so we must be very cautious of what and how it makes us feel/respond.
U/J seemed good, caught a few in my live account before but must admit it happened sooner than I thought it would... but that's trading for us. . alway on guard/ready.
Had a quick stab at E/U in the demonion and live since it seemed likely to rise soon (below).
regards
Phil.
E/U demo trade....
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take a look at this profit tracker for one more demo account use to check a few items out on.... How is this .... Pips make prizes right. . .not always! On occasion you may lose and still win.... It may also happen the other way around.... We need to understand this. image . .not sure I know that - what precisely is being listed under factors and how does it relate to the sum placed per trade or the quantities of men?
Cash I assume is complete profit or loss for the day.
The only way is that the more troops made cash than men who left reduction.
Alex
Hi Alex
it is pips (points) money and % from the beginning of the year and broken down to small time parcels.
Yes, the larger trades needed to travel far less to produce the general profit that is the reason why there is negative pips (points), so only seeing the pips doesn't always tell us the facts about our trading outcomes, there's been a lot onforexsoutheast.asiaabout watching the pips only, this is the reason why I bring this up.
Got some computer issues myself today... win10 is such a nuisance to transfer files/progr too.... Used to be simple with the transfer wizard, today they need to charge us for doing it.... Ransom progr in disguise. .
regards
Phil.
Hi Alex it's pips (points) cash and percent from the beginning of the year and broken down into little time parcels. Yes, the larger trades necessary to travel much less to create the general profit that's why there is negative pips (points), so only watching the pips does not necessarily tell us the truth about our trading results, there's been a lot here onforexsoutheast.asiaabout watching the pips just, this is why I bring this up. Got some computer issues myself now... win10 is such a hassle to transport files/progr also.... Was simple with the transport magician,... Thanks for excuse - if not in profit I know not moving well.
I use Fedora not Windows. Unsupported by my trading platforms but my man handles it for me.
Alex
E/U upgrade....
Draghi.... Interest rate hike unlikely.... Then hawkish remarks yesterday... interest rates induce price on the longer term. .
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E/U exchange....
Did not get beyond the scout stage, but that is what they are for....
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E/U trade.... Didn't get past the scout stage, but this is exactly what they are for... image image picture Using m5 I went short with momentum at clear selling zone when it revealed itself being wary of possible long trend or another attempt at the long twisting in - then went long with momentum at dble underside and then out once it got into my powerful selling zone. I went stronger on the last long as I felt its power but both with care and that I had plans for what to do. I followed the momentum in m5 - then had lunch. I paid a lot of attention to my scouts without worrying about them. Phew
My evaluation was same as yours at d1/h1 such as d1 selling zone
Alex
Hi Alex
great to hear you did not get caught out by this unscheduled news.
This is out and out manipulation, Draghi is talking again shortly so there was no reason to launch this today, I am sure another hour wouldn't of made any difference, do you see what they do, they caught out the daily split traders around the top of that flag I posted, if they'd waited to mention this in an hour when news was planned most would probably have taken profits (or part profits), so that they spiked it to kill the stops, then I bet that the slippage was enormous, this is precisely why we cannot depend on ceases and pending orders.
This setup occurs over and over again.
regards
Phil.
Hi Alex good to hear you didn't get caught out with this unscheduled news. This is out and outside manipulation, Draghi is speaking again soon so there wasn't any reason to release this today, I am sure another hour wouldn't of made any difference, do you see what they have done here, they caught out the daily break out traders on the top of that flag I posted, if they had waited to say this in one hour if news was planned most would probably have taken profits (or part profits), so that they spiked it to kill the stops, I bet that the slippage was enormous, this really is... I knew he has been playing with news past few days - dumping news for fun then wham.
My first short in m5 had very strong momentum initially then ran out of steam - but I still made a few excellent pips on it. Then I watched it form the dble underside type pattern with 1st leg showing how weak the bull move was. The second leg had really strong momentum so I thought we're going back up to my market zone. I'd have waited apart except that the bulls were so apparent in m5. I was intending to short at top back in my selling zone but went to get lunch. I followed their game a bit. At least I came out alive.
Who knows exactly what they will do.
Alex
E/U update....
https://www.forexsoutheast.asia/attachments/15262001561767072635.jpg
E/U demo trade....
AOW
15. So it is that in war the victorious egist only seeks battle after the victory has been won, whereas he who is destined to conquer #64257;rst #64257;ghts and afterwards looks for victory.
2. To secure ourselves against defeat lies in our hands, but the opportunity of defeating the enemy is provided by the enemy himself.
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cont... from article previously
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Envision a bandwagon that's rolling forward at a rapid tempo. Music
that's very pleasing to the ear is being played from speakers on each side
of the bandwagon, and a few individuals currently on the rear of the wagon
are affectionate, with the time of their lives. The music, clear and loud,
begins to entice many different onlookers that chance to be idly standing on
the sidelines. These onlookers, unable to withstand the sweet noises being
played, run to join with the party that seems to be going on. Progressively,
more and more onlookers jump on the back of the bandwagon, and
those few who have been initially enjoying the first stage of the party start to
leave. As the audience of new party creatures on this bandwagon grows
bigger, the bandwagon finds it harder and harder to move forward in the
same pace. It slows, enabling more and more late onlookers, watching
the great fun, the chance to leap on. The audience grows even bigger.
Larger and bigger this audience grows, before the bandwagon, heavily laden
with the bodies of drunken party animals, can no longer move forward.
It finally comes to a complete stop. Now that the bandwagon is in a com-
plete standstill, more folks jump on. And why don't you? At this point, linking
the fun is easy. Zero work is needed, for people wanting
to combine the audience no longer have to run to leap on board. But the nature
of the bandwagon is to proceed forward. Its motionless state is unnatural,
and so cannot last. It tries to move forwards again, but can't. The
audience, piled on back, is much too large. It must free itself of the hefty
burden. And it does. It immediately shifts to reverse, and jolts backward,
knocking some of the party animals off the trunk. The music ceases. Puz-
zled faces from the audience start to emerge. Before anybody figures out
what is happening, another backward jerk occurs, just this one is much more
violent. Another huge group of individuals gets thrown off the trunk. Now, re-
ality sets in. The fun has become a nightmare of epic proportions, and
panic begins to run uncontrolled. Some elect to jump to their deaths. An-
flip thrust backward sends an even bigger group of drunken, off-
balance individuals, hurling to the muddy ground. It doesn't stop. The jolts
backward persist, each successive one more violent than the past. At
this point, just a couple diehard wagon dwellers are holding on, their very
lives hanging in the balance by a very thin thread. Failing to be com-
pletely free, the bandwagon angrily puts the pedal to the metal, and this
final push backward is so barbarous that its front wheels lift high off the
floor, momentarily suspending the wagon in a perpendicular posi-
tion. The final of the hangers-on crash to the floor, broken and maimed
to no conclusion. At this point, a new group of onlookers emerge from the
neighboring woods. They are serene and clean. Each motion they create is
deliberate and ardently lively, for they didn't participate in the
tragedy that just transpired. Or did they? A few of the dejected souls ly-
ing on the floor take a closer look, a look that reveals something very
interesting. This apparently new group is not new in any way. It is precisely the same
group that was seen quietly exiting the party before it came to its barbarous
end. An even closer examination by a few more beaten-down onlookers
reveals something much more magnificent. This group not just exited the
bash early, they were the originators of it! â€My God,†someone exclaims.
Paralyzed, and unable to move freely, all these dejected spirits can do is
watch, as the masters of the sport head to work. No sooner does the
bandwagon's wheels hit the floor in this professional platoon bolts
for the wagon. In a flash they are on board. Easy. The bandwagon, today
with no bigger audience, can proceed freely and gracefully, com-
fortably carrying the more astute group with it. Its pace quickens, and
before long a smooth elegant stride is set up. After a few miles of unin-
terrupted motion, someone from this masterful group flips on a
change, and suddenly the loud noises of entertaining music start again.
Someone yells, â€OK everyone. Here they come. Let us do it.†Within
moments, those who had been the former victims of the backward crash be -
come interested again. The songs nearly calling them from the tomb.
And once more, the never-ending cycle repeats.
In my view this is a great movie to see (300), I see a lot of tactics and egies in this I use in my own trading.
https://www.youtube.com/embed/HdNn5TZu6R8?origin=https://www.forexsoutheast.asia.com
AOW....
26. How victory may be produced for them from the enemy's own tactics-- that is what the multitude cannot comprehend.
27. All men can see the tactics whereby I conquer, but what none can see is the egy out of which victory is evolved.
as a few might of seen on the TAF ribbon I am considering G/U and here is the reason why I said what I did.... Timing isn't right ATM. .
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EDIT....
Place the incorrect figure on the H1 chart for its stops/order, have altered it today. .
U/J demo trade....
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What a lovely surprise Phil!
I am on the exact same one, but I scouted earlier...
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It came from nowhere, literally. Trump Jr email w russia triggered it... but that I felt yen sellers were becoming weaker prior to it too. . They been selling the yen for entire of june and doing it like it was liberated. . Days jeez.
Rgds
oh, again, that enormous seller man is back at 113.7 . . Hope to see whether it could close outside day change for today candle.
Hi Ray
good to see you creating some nice pips there my buddy. Https://www.forexsoutheast.asia/attachments/1525873351.jpg
they have removed the yesterday's high and low today (wavey engulf), often observe these at/near tops/bottoms.
Using Twitter for a news channel is really a joke, but hey they throw at us what and we just have to loe ways of dealing with it.... Virtually all part of the trading.
regards
Phil
some fundamentals of price action that I use....
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Hi Phil
All These are very good. Thank you for sharing.
Regards
Ray
some basics of price action that I use... image image picture :the consolidation sideways may also mean continuation not mandatory a high or bottom change - that I always like FTI saying just bargain at a supply (or accumulation)
I enjoy patterns such as abcde or abc12-- abc pullback followed by wave DE or 12 that is a wave back in line with main trend. I am trying to provide pullbacks different names so that I know more about good and bad ones as much as I can
I had fun with eur long but the tearing was confusing for some time so I simply did quick in/outs for a little
Alex
Hi Alex
yes, I concur price might go either way following consolidation, that is the reason why I stated in the second image ' if price pushes through the last MPS suspect consolidation/rest period', the arrows are there showing the likely path after it pushes through the last two MPS lines as this may often mean we'll see a change after such a profound retrace.
The sooner we could recognise that price is going into consolidation or trend the quicker we could adapt our trading to match that condition.
We all use what we know there is no wrong or right way, I just tried to reveal the basic type of what I do if studying the P/A.
As says 'take what is useful to you and discard exactly what isn't'.
MM's had my buddy in the very low volume and very low news, that is why the motions were perplexing.
Lots of expectations for the current news on CAD is all about rates and also with Yellen's news.
regards
Phil.
Hi Alex yes, I agree price could go either way following consolidation, that is why I stated in the second image ' if price pushes during the last MPS suspect consolidation/rest period' the arrows are there showing the probable path after it pushes through the last two MPS lines as this will often mean we'll see a change after this kind of profound retrace. The earlier we can recognise that price is going into consolidation or tendency that the faster we can adapt our trading to match that condition. Most of us use what we know there's no wrong or right way,... Your piccies are fantastic. It is how I see it. Thanks so much my friend.
Yesterday was little bizarre but trend won - I figured they were enjoying big time from the manner eur was being transferred.
Once the huge buyers and sellers are tussling like it could freak me out as even within the candles it is wilder than normal - but yesterday I handled it played with em - I noticed the sellers were being removed but the buyers were holding each single time and it made my nice abc 123 pattern too in pullback.
Wimbledon is getting in the way of my trading a little in day.
Alex
G/U.... https://www.forexsoutheast.asia/attachments/1525873354.jpg.... Continuation trade?
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G/U demo trade.... Quick and nice no hassle commerce.
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Hello my friend I'd like to ask you as soon as you've entered trades what spooks you out of them so you just take small profits or do you let them run until your last tide is broken?
I understand news will affect this but what is?
Sometimes I get spooked out by price action that appears very weak - occasionally they could breakout in my way later or occasionally it's a sign that they're running out of steam for now.
Alex
Hi Alex
I use the higher frames to 'look ahead' as I did in this trade, then read the 'currently' P/A for potential signs of a retrace in the bus stops (here it was the flag shirts etc), 1 thing I have learnt in all these years I've been in this really is 'ant's work' is best practice to maintain the account secure, like in AOW my army is far out weighed by what I am happening, so my MO is to take the current lower frame wave chiefly, attacking when their army is broken up beginning the transfer, I will then look for a different entry if condition persist in my favor on the retrace, I am not showing these additional entries with this demo as it might continue to much time but there's plenty of this kind of thing recorded in my past live transactions with the gray colored charts, if you look at the demo I've revealed of 21 trades along with the account is all about 4% so little and often does work, the more we hold the more 'risk' we take by simply being at the market, once the price stalls or retraces no one knows what it will do next before the new clues begin to emerge, for years I would constantly pull out of transactions way too early just managing to ch a small part of the leg/pump/wave or hold to long for it to retrace on me and need to recover or take a reduction, together with experience I got better at 'judging' the leg/wave, there aren't any rules I can give you to exit other than don't let the price turn into a profit trade into a reduction trade, each trade ought to be viewed as 'just another transaction' to increase the nest and protect the queen, we truly have to give up the return and rationalising why we didn't hold more or do this or that differently, we do what do and cause our own situation from this, the only way to deal with this is to manage our way from these things we create and do it using a 'best result' and 'by any means' mindset manner of believing.
The fundamental thing I do is trade the higher frames analysis but at the reduced frames to take each leg, not overstay my welcome and get crushed, to day's commerce was a good easy trade from an ideal loion/bus stop (bottom of the flags into the top at the frames that are higher).
regards
Phil.
I will not be going to trade this from the demonion but this is what I about in the article above...
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was watching for a long in U/J this morning however, the commerce set up neglected, thought it would be a fantastic idea to demone this and how I assess a traders viability.
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commerce bias flipped to brief now to remain with the current flow on U/J.... watching. .
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U/J demo trade...
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when we know this our eyes will see this way prior to any indior can....
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How I visit E/U ATM....
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So.... No trade (e/u) here ATM....
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Hi Ray great to see you about again, was wondering what happened to you. regards Phil. Hehe. Great to see that you too Phil.
I am great Phil, sorry just flying under the radar doing my stuff and'm still busy studying the books I gotten.
I think I might require a book or 2 about bonds soon. The books that I am on now isn't detail on these, but I have yet to read yet another, so that I expect the last book has some excellent nuggets I could utilize.
Rgds
Seems like it is risk off moving into FOMC minutes today huh. . I am going back into my bunker soon. .
May need to begin building one if that north korea tard begins to go nuclear. What a total retard that person is.
Incidentally, have you ever noticed? Volvo is going full electrical by 2019. . INSANE! Volvo is own by china, and china have cornered lithium markets from what I been reading, so China gt; USA in the years ahead if world begins going electric.
Seems like it's risk off moving into FOMC minutes today huh. . I am going back to my bunker shortly. . Might have to begin building one in case that north korea tard begins to go nuclear. What a total retard that fellow is. Have you ever heard? Volvo is likely full electric by 2019. . INSANE! Volvo is own by china, and china have cornered lithium markets from what I been reading, therefore China gt; USA in the years ahead if planet begins going electric. Well, I guess china wants to be the one to begin on clean energy huh? 2 pronged transfer, 1, clean energy, two, become industry pioneer.
Late in the day to start a G/U new commerce particularly.
I'll have a look tomorrow or later.
G/U demo trade.... If we do not force our bias on the market and control our risk profits come when prepared.
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G/U demo trade.... If we do not force our bias on the market and restrain our risk profits come when ready. Are you currently entering using ATR figure at 1 x ATR or .5 x ATR based on confidence?
I moved long eur bargained inside m5 flag also - that they also set out the Standard tit piece
Alex
Hi Alex
no, I use daily atr to observe just how far the move has gone to gauge if worth starting a trade.
Another way I used atr was for only to demone the money management and the way it will if managed correctly produce its own profit.
How I am trading now is like my live material (but only using one pair), employing the buy/sell areas and momentum together with the 'read' in the greater frame charts.
I am attempting to show how to stem and test transactions, which necessitates mainly patients and control of risk till everything is ready/lines up in our favour.
regards
Phil.
Hi Alex no, I use daily atr to see just how far the transfer has gone to gauge if worth beginning a transaction. Another way I used atr was for purely to demone the cash management and how it will if managed correctly produce its own profit. How I am trading today is like my live material (but just utilizing one pair), employing the buy/sell loions and momentum together with the 'read' in the higher framework charts. I am attempting to demone how to stem and test trades, which necessitates mostly patients and control of risk till everything is ready/lines up in our favour. Regards... Thanks for clarity.
I do think the concept of stopping the bleeding is very useful until price comes our way - say in super heavy PB that had great momentum another way - it could stop the bleeding until it turns back our way. I'm thinking of how to use it best so as not to kill.
Alex
Hi Alex
distinct scenario require different action as you can see in the cases I have submitted.
The hardest part for us is getting over/learning to control the cognitive dissonance trading from yourself causes within us (holding two contradictory beliefs at once), it is explained in the video I posted.
Once the bleeding has been stopped that will inform you have a problem with your original assessment of the direction, in the point things must be completely re-assessed and you ought to be open to trading either way to create this profit, remember it is not always advisable to go for full recovery in one go, just flow with what the charts are telling you, even if you're in accore with the higher frames and there hasn't been any match changer occur then just gather rations in the enemy to feed/sustain your army, if you constantly think what's my 'best outcome' here and not about winning in just about any pair you will start to find out what you believe and what should be done are two distinct things, slowly your brain will take in these new requirements and it will eventually become 'internalised' as experience shows you it is the correct and better way to deal with what's thrown at us.
The formula is rather easy (it must be if I know it), if you're 10 unit long and 10 units short and the gap (disperse you created) is state 20pips you'll need to visit 20 more units to recuperate in roughly half that move/gap (not accurate maths here but I am sure that you get what I mean).
Understanding what I am showing here commerce shrewd with buy/sell areas/momentum/MPS/daily atr/ect helps us gauge the prospect of success to achieve that gap close.
regards
Phil.
here is an instance of a game changer....
Post a while back...
https://www.forexsoutheast.asia/forex-brokers/162-profits-offshore-broker.html
along with the consequence....
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ALL matters have to be considered....
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Hey phil,
on thinking deeper, what the experiment you conducted, is interesting, and is it right to say that, everything you implemented is similar to how one would trade 's style with scout and attack only no rescues? For example, I deploy 1x scout, without the rescue skew, and attack skew of 1 x scout 1 x scout 1.2 x scout 1.2 x scout 1.2 x scout.
When on wind one might attack aggressively to make the bacon home plus recover previous scouting declines to sense market. However, if scout in trouble, an individual can simply retreat scout and install afterwards. So you may lose 1x scout for 2 to 3 times, then if 1 tendency manifests, you attack 2 to 3 degrees, and gain maybe 1 1.2 1.2, that is 4.4 units, which readily recovers the 2-3x scout loss when multiply by the ATR, 4.4 readily becomes 5x to 10x the 3x loss over 2 to 3 times.
When plotted out, the outcomes are similar to what richard dennis's turtle guide's results, strong risk reward ratio human loss is small and easily recoverable. Except for a difference in which, the pulsing the market mechanism differs when pulses the market that he tracks the market differently (but very powerful form of pulsing the market) from richard dennis's that is a strictly breakout egy. The kink in richard dennis's mo wasn't so much in his mm, but he only trades breakouts, so he may not be nimble enough when the market varies terrain. The major way richard dennis tracks terrain change from range to tendency was in monitoring volatility growth, but non-directional, as he does not enforce direction, he allow market show direction, then trade in the direction, and then when on wind, he attacks.
So in character, mm helps to provide you an edge, according to your experiment, but to optimize to full potential stems from the capability to pulse market, and utilize the mm in mix to pulsing the market.
Hi CookieMonsta
The first couple of transactions on that demo account (white charts) were all pre-placed rather than transferred pending orders at 1N or 0.5N in a spiral around the current price, I purposely used this rigid (turtle) way of trading/placing and not my market feel to purely show the results of money handling itself at a random market movement, all we do know about price is that it will proceed, this basic egy shows that if we handle the money to try to produce the profit and not combat the pair to try to produce a profit, it will happen simpler with the correct comprehension of how money functions, unlike other companies we are very fortunate in FX in that we're able to buy and sell something at the same time (at a variety of manners), effectively cancelling out/crystallising the loss of the awful product at any point we selected, this gives us far greater flexibility in being able to produce an overall profit as stated our occupation as traders is to produce a profit never win each battle.
From the demos following the experiment revealing how this is possible I started to trade using real touch and feel trading since I do in my live things, here scouts are very much expendable for the exact reasons you pointed out, I can lose 2 or 3 or even more in erroneously timed entrances and very easily produce a 5x/10x or more result and when my scout tells me the timing is correct I attack, this necessitates being able to take a fantastic reliable read of the today situation without fooling ourselves we are still correct when we obviously have bad timing, this predominant prejudice to continue and not miss out having something most of us have is partly due to self and partly due to how we are wired up to think/re-act (the movie I last posted explains all this), so I understand I trade differently to most and I understand why this is because I trade solely for the benefit and enhancement of my account by handling my money on the market not wanting to win everything I touch/do, I don't care where the market goes or what it really does, because a trader I want to control risk (this comes from many loions, such as me!) And make the best outcome I possibly could for the situations I put myself in, I've done all the wait and recover in only one direction item, that wastes time and is hard to execute the more it takes (AOW), time on the market is money at the end of the day and while still in healing it is hard to trade other opportunities that may emerge while still doing/thinking of a recovery so I only 'trade', I don't trade to win the last battle in each pair, I trade to produce profit on such journey by any means, the battle/trade endings when my last man is home and that's it no flags outside only onto the next battle, along how I forage on the enemies provides and do try to capture their men while at the same time adjusting my risk by offsetting my men against theirs where potential, most of the stuff is from AOW, what matters is your best result for my account (the state) not exactly what I want or think I must be doing, live and you've won, it is no good for us being a deceased hero... some transactions are simple (the correct and ready ones) and some take more time to conclude that's all.
What I am describing above requires an entire mindset change, a thing I think 's thread tries to make us view. . But to alter something we have to first know it, the money management itself is only one part of what is required to make this work for us by nature we are interferers in matters with a 'fight or flight' instinct, this has to be controlled and to accomplish that we must know exactly how and why we function how we do, then the self-reflection can let us fix ourselves needed.
As your last line countries. . To exploit the edge fully takes many skillsets to achieve it.
Regards
Phil.
Hi The first few trades on that demo account (white charts) were all pre-placed and never transferred pending orders in 1N or 0.5N in a coil around the current price, I purposely used this rigid (turtle) way of trading/placing and not my market feel to only demone the results of money handling itself in a random market movement, all we do know about price is that it will proceed, this simple egy demones that if we handle the money to attempt to produce the profit and not battle the pair to attempt to create a profit, it is going to happen simpler with the correct... hi phil,
thanks phil, I believe I gained additional insight into what is trying to edue us. The 3 primary components, mo (heartbeat of markets and ing), mm (what you revealed here, is mm a few ing), and mindset (risk control till chance arises). And I know where I will be lacking now also.
Hi CookieMonsta
no issue, I happy that my diary could of helped you a bit my friend, but please remember I haven't any personal training from other than that which all can see on his thread, I haven't even exchanged a PM with him, so all is available and there for all to see, my diary is simply full of what I think his thread has edued me.
The reason I changed my diary from submitting my live account transactions to performing an open demo account is because after meeting a person some time ago who operates in London doing so for 30 years and is head of his team, I realised revealing entries just was probably not much assistance to anyone, he affirmed to me that I was pretty much doing the ideal things and I realised I really needed this affirmation, I guess others require this so hence what I am doing understand is completely open in the demo.
So once you concentrate on trading your own account/money just there are items which may help like the plot of the transactions and their curve, so this helped me build my trading egy and understand the money side of things, so ideally we would like to see a nice steady curve, if the curve flattens out for a while it means you are taking too many rest transactions and you need to have a closer look at what it is you're doing, frequently you spot a bias problem quite early doing so, if the curve is erratic you have messed up frequently by letting a badly timed commerce run off from you and failing to stop the bleeding quick enough, you account along with this plot won't lie to you even though you could be fooling yourself, use it as the spy within your camp to track your mindset, examine it and study it a bit closer monthly.
Below is the plot for the demo account I'm using now, the stats are there too but they're not that significant it's the curve on the chart we need to concern ourselves with.
Below that is my plot for one more account for this past year, in this you can see my mindset has been pretty steady and in a fantastic place all year, this is because I watch this and do what's required if there is problem I see developing in it.
Regards
Phil.
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Hello no issue, I glad that my journal may of helped you out a bit my friend, but please remember I have no personal training from other than what all can see on his own thread, I have not even exchanged a PM with him, therefore all is open and there for all to see, my journal is just filled with what I believe his thread has taught me. The main reason I changed my journal from posting my live account trades to performing an open demo account is because after fulfilling someone a while ago who works in London doing this for 30 decades and is head of his... Hello Phil,
Impressive outcomes.
I am interested though, for the live account, do you own a pull on the plug number? Just like when you reduce losses to protect the account.
Hi CookieMonsta
As my friend but please look at the curve and what it tells you along the way not exactly what I achieved.
No, no rigid figure to cut or do anything on, I utilize the now situation to manage only, that isn't to say I don't cut a loss trade, you can see a few in my curve above, should I get caught out by some unexpected news which produces a huge move I may cut all or some, trading like this will look after itself once you get used to it, I'm very strict about not allowing the price turn and run me on, no greed only take the leg facing me and proceed be it 1 or 100 pips, I don't care what it will then as long since I got any crumbs, most of the time that it is ants work taking little and often to build that nest and guard the queen.
The reverse trade (when needed) protects the account should you avoid the riskier trading practices, this in effect may be reversed lots of occasions with the price move but it is best practice to cancel whenever possible to lower/recalculate the skew as I have shown in the subsequent demo transactions, note I'm trading small to 10k account, there is a fantastic reason for it. . In the experiment you could see the numbers can escalate.
Regards
Phil.
Hi Thanks my friend but please look at the curve and what it tells you across the way not what I achieved. No, no inflexible figure to cut or perform anything I utilize the now situation to handle only, that is not to say I don't cut a loss trade, you can see a couple in my curve above, should I get caught out by some unexpected news that generates a huge move I may cut some or all, trading such as this tends to care for itself once you get used to it, I am quite strict about not letting the price flip and run me over, no greed only take the leg in front... hi phil,
thanks to your answer.
I see, you prevent it from hitting you really tough, dead in the paths directly in the first place, that is you don't let the damage get out of hand that it turns into a handful to recuperate from, but simply cut loss and reinstate later to recoup the position. Easier to recover from a little loss than it is out of a huge loss. Along with the winners takes good care of themselves.
Hi CookieMonsta
Yes, and therefore you need the other skillsets.
The trick is because you say attempt never to let it get out of hand at the first place and be prepared 'by any means'.
Fti's principles
1. Shield account
2. Shield account
3. Do not forget principles 1 and 2.
Regards
Phil.
U/J https://www.forexsoutheast.asia/attachments/1525874975.jpg....
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Dear, dear, dear alex,
Still there... meaning the very first post. My Phil quote. LOL
Sometimes even H1 is too far... IMHO.
So... did you get what I told you about eurodollar. Nice, isn't it?
And I am telling you somethin on hedging--
#49678
#49710...
and many others. Search for Hedging in the thread.
Query is. . Most of us use the same words with different significance: trend, slope, swing, steepness, sigma.
It's a Babel Tower on a Babel Tower.
Hi
I agree out and out sourcing for hedging sake and no real well practiced and rehearsed attack/recovery egy using good money management and market see egy may easily kill you (the double edge sword thing), the articles above you are referring to was when I remember correctly a dialogue with CookieMonsta about the use of options and synthetics he was/is exploring to accomplish this by producing the hedge from the outset, has cautioned against the use of long sword for retail many times.
So let's take the conventional presented 3k's (u/j, e/u and g/u), if you are trading these entirely then you are basically just trading the USD constantly however in/over the 3 pairs, carrying this further you can do this with almost any currency but like anything you have to understand these pairs work together and their connection, like anything this method of trading is just another tool to utilize when needed, the large players use the currency they are trading within several pairs frequently to hide/disguise what they are up to, if we are able to track this then we might get a few more crumbs that fall off their table, it is not hedging/recovery it is learning how to make the most out of our money management together with the available flow of market to people.
I also agree about the babel thing we're most likely trying to say/show the exact same or very similar items, it is just our language and culture differences appears to present them differently making it harder for each of us to understand without even raising questions about how/why each is doing what they are.
What I am trying to show here in the present time is how money can be worked/manipulated to some degree in our favour ( a component of trading which is I think is very overlooked by most) and I am purposely doing this in my thread/journal so as to not interfere with 's thread in case I'm wrong in anything I do or say, when is around posting he can quickly fix any mistake we might post on his own thread, I'm always quite apparent my thread/journal is separate from the TAF thread and what I reveal is my interpretation of the things I have learnt from around.
If I remember correctly you exchange the DAX mainly, some thing I did lose sight of a little in our discussions on the TAF thread (so my questions there) but that's a completely different situation/set upward and manner of trading than with FX currencies, to get a beginning with the DAX that you get a centralised accurate volume should you look in the ideal place.
Bottom line is....... If our bottom line is showing a fantastic outcome then we're on the ideal track.
Regards
Phil.
Many thanks for the kind answer, Phil.
Again... flawlessly and clearly said.
With your charts along with your annotations your do a great and honourable work. Always interesting.
Thanks for the hospitality.
Hi
your are very welcome my friend and invite you also.
regards
Phil.
Seasonal FX adjustments for anyone interested....
https://www.forexsoutheast.asia/attachments/1525755997585042788.pdf
Hi your are very welcome my friend and thank you too. regards Phil. Seasonal FX adjustments for anybody interested... image we all on our hollies today? https://www.forexsoutheast.asia/attachments/1525755985.png
Alex
Hi Alex
yes, it's often a significant time at the FX season about now/soon.
regards
Phil.
Hi CookieMonsta
ideally you will read this shortly. . Sorry to relay. .
I am not going to talk much about what I am doing/showing here in the TAF thread, that is 's ribbon and without him around to fix us I will not post stuff I have not seen or discussed with him over there, what I am doing may or might not be right here and here way it not is misleading on his aims for his thread.
Why it is challenging to trade like this is because it interferes with the cognitive dissonance within our mind, do not know if you've watched that video I posted a short while ago on the mind and quantum physics but it does describe it in there fairly well I found and understanding it help us put some control over it.
Once I said 'I also found that', I meant, I went through what you explained and needed to work out why (mostly the aforementioned comment... ie holding two conflicting beliefs at once... trading from oneself), since you state it should be used when needed rather than as a starting point for at trade, our 'organic' trading beginning should be to take a profit from your first pair we trade if it gets past the scout stage (scouts are expendable remember), the rotation into the third and second pairs should be an outcome only of what has/is happening within the others, it is a tool to be used when the situation calls for it, which in my experience shouldn't be to often when/if the scouting is done as it should be, it is there in my opinion purely to stop the bleeding while I come up with another egy through another opportunity that the market provides to cancel the gap I created, the whole goal/mindset I use is to with the exception of the scouts is to try always book an 'overall set' using a profit 'by any means'.
Our sole occupation as traders is to create a profit and protect our account whilst trying to do so we have to control the risks we create for ourselves while waiting for the timing to be right to create that objective.
Practising in demo is the way I learnt from and started to know this.... But it does take a while for the mind to deal with the cognitive dissonance this generates.
regards
Phil.
Hello hopefully you'll read this shortly. . Sorry to relay however. . I will not talk much about what I am doing/showing here in the TAF thread, that's 's thread and without him about to correct us I won't post stuff I haven't seen or discussed myself with him around, what I am doing may or might not be right here and here either way it not is misleading on his aims for his thread. The main reason it is hard to trade this is because it interferes with the cognitive dissonance within our mind, don't know if you have watched... Hello Phil, stage mentioned regarding not causing people to a different course, will heed this advice and not detract from the thread.
Ah, I'm not very sure about the cognitive dissonance part. As I see that if I initiate a scout, I see , let's say eurusd is up, I move long, and it feels like USD is strengthening, but eurusd principal trend is up. But currently, eurusd is down, so is gbpusd, these are facts. So although the I'm interested in a very long eurusd, felt just like dollar reinforcing I do believe it is temporary, until more information is available to me, is pushing down them, so although I'm bias up, but reality nevertheless remains, pa is ro3k suggests USD could be alyst, so I rotate to extended eurgbp by shorting gbpusd. Although it's my opinion, it does not have any bearing on the markets. That's why I could be brief and long at precisely the same time I guess.
I'm not sure whether this way of viewing the markets is wrong or right just maybe, it's a way I see the markets, the form of the markets has occasionally clear tendencies in each way, occasionally unclear.
For example for the very long eurusd, I felt like if price kept moving up and mm is struck on their shorts, they could move the crosses to rotate into a different pair, like yesterday, eurusd, I believe eurusd was struck long, movement was by both eur and USD, provided by how usdjpy moved brief. And today, there is gbpusd major fundamentals, also I was wondering if gbpusd is not adjusting considerably with EUR and USD moving just like that, therefore on a glance of this cross eurgbp, I saw they getting ready up a move, so maybe mm is trying to make gbpusd to a tight range, and take another hand, and bogged down quickly, rather than allow it to fashion, so they may be impartial by Thursday. So we have eurusd moving up, along with eurgbp moving up, and gbpusd was in a tight congestive range. My guess is mm is trying to maneuver eurgbp in accord with eurusd, and gbpusd is kept the same, so that they transferred the cross rather than moving the gbpusd, which felt like something heavy was weighting on it and preventing it from moving in accord with eurusd and usdjpy.
That can be partially because I felt perhaps, when trump occurred, the markets appear to have been taken over by EUR GBP and jpy and AUD nzd and cad. The brexit in addition to the oil problems, appears to be a major driver, also with fed still not clear on the rate increase, it seems just like the crosses have a nicer flow compared to the majors. That is just my sense of the terrain and ro3k fundamentals, I could be incorrect.
Partly also, when Alex and indianguyvinny, said about the markets motion shing, it felt like, and I concur with them, that markets flow feels very odd like they have sudden spurts then slows down alot and few slow directional motion, then sudden spurts again and on occasion the market only push 1 point without quitting, the market used to pullback more, today it seems very different. I wonder whether it's since more hft have entered the markets. The problem with hft is that, when markets are in regular states, it provides alot of money, however if the market hits something, they just step away as well as swallowing much needed liquidity and suddenly, you have a liquidity void. In the past with individual traders, it wasn't much of a problem, those guys have the ability and discretion to help provide the liquidity the market requirements, but with hft, it's a different deal too, these robots will choose the liquidity exactly once you want it the most.
I have no data to substantiate the above, only my gut sense, that is all. So I'm learning to see how I can exchange the 3 legged animal to mitigate this. Either that or my ability to pulse the market needs more work. But that is only my opinion, it could be incorrect. Therefore for my.own function, I'm focusing on the read of the markets, but studying the 3 legged animal would also enhance my skills will always be on my list too.
I guess maybe I'm deviating much from another thread, I guess I'm on my mo here, therefore I will not be posting much on the other thread in order not to detract.
Hi Cookie Monsta
Thanks for your Comprehension my friend.
I'm not questioning what/how you traded at all, most of us have our own methods of carrying out that activity, but understanding how we operate (as we appear to exchange likewise at times) actually helped me take control over the heads reaction to what I'm doing here, the mind is crude when compared with our new world we live in today, our day to day actions have dramatically transformed over a very short time period and the mind hasn't had time to grab up/develop for this, from my basic understanding that the brain is basically in two parts, one component is keeping a set of safe protocols for us to function off/with most of the time (this can be the primitive side), the other part is assessing and trying to get the crude part to accept new ideas/ways of doing things (this is the component that allows us to build), there is a constant battle between these two sides to set a new status quo to our survival MO, the main/only job of the brain is to prevent us from harm/death and that is where the problem begins in our new world. Money has gotten food, shelter, comfort, ect, our brain is very protective of this because of fact, that makes it hard to exchange it alone, once we buy something we physically see the thing we've exchanged our cash for and this produces less of an issue for us to accept but in this all we see is figures and drawdown (cash at risk), therefore trading from our personal money (if we have to) is very hard for your brain to accept because deep down you know one side is going to have some loss now (the crude side does not like/accept this very nicely), this creates the cognitive dissonance of holding two conflicting beliefs in precisely the exact same time, for me personally understanding this helped me reevaluate when my brain was attempting to override what I should do against what its belief was for my best chance of survival ( ie. . Protecting/preserving my cash), we only experience the now so that the brain has trouble managing the manner we must use money as a tool for potential enhancement. It needs understanding and demoning (practicing) this is not against our survival.
You have added a quite a bit to your last article while I was writing this, I concur with a lot of what you are saying and you are very welcome to discuss/post about this here and that I will reply with my own personal experience of those things but the above is a very important role if you want to open/train to exchange like this if it be through options or solely in the place market.
Regards
Phil.
Hi Cookie Monsta Thank you for your understanding my buddy. I am not questioning what/how you traded at all, we all have our own methods of carrying out this action, but knowing how we work (as we seem to exchange likewise at times) really let me take control over the minds reaction to what I am doing the brain is primitive compared to our new world we live in now, our day to day actions have dramatically changed over a really brief time period and the brain has not had time to grab up/develop for this, from my basic understanding... Hello Phil,
I would be interested in discussing the post with you.
I don't take it since you questioning me about how I trade. I personally feel it is appropriate for me to put down how I think in order for people to first find common ground prior to a discussion can be carried out, it is sort of to put bear my thinking process so that you might understand where I am coming from.
From talks with other traders not from FF, I have understood that, different people perceive differently the markets and from time to time, they also hold assumptions which has taught us is untrue, especially when talking to platform styled mechanical traders. Occasionally it's unsaid by them, or us and in fact we would both have different understanding of the subjects and come out with various decisions without knowing why and kept arguing about various things when in fact it is precisely the identical thought in different wording and lingo, that's all.
That's why I typically type the above concerning my thinking process and how I perceive price action.
Will get digesting to a post soon, once I get off work.
....really helped me take control over the minds reaction to what I'm doing here.... I have traded a pullback a few times in eurusd - and I found I was fighting my mind to go back with primary trend and when it conducted wondered would it last somehow - so that I get where Phil is coming from for sure. I think you guys are looking same thing one with one and trend with RoK.
There could be a real issue that price sl you really very very difficult when/if it turns and you could miss the flip if you are not pressing to determine if turn is forthcoming. Though I understand Phil for sure has safety in numbers. Interesting discussion and I thank Phil for his thread always.
Alex
Hi CookieMonsta
no problem, will talk later when you're ready.
Hi Alex
that is the 2 parts fighting against each other you're experiencing, today you're knowing about it you will have more control/influence over it.
We can get a hard run against us at any time trading at whatever 1,3 or 5 pairs, the trick is not to build up to a lot of a trade bias in any one currency at any time, this means we must attempt to always make the most of this situation we find ourselves in rather than be greedy or fearful of missing out, adjusting the risk continuously as you view it at the today is extremely valuable to the survival and eventual profit of this account and since you say size traded/per account is really a big element.
My method of trading and the ideas I use is as you know quite linked to AOW... has provided the fundamental tools and training to do the job and taught me the way to consider myself at a tactical and egic method to achieve the end goal.... profit.
7. It is only one who is thoroughly familiar with the evils of war that can thoroughly understand the professional#64257;table manner of carrying it out on.
8. The skillful soldier does not raise a second levy, neither are his supply wagons loaded more than double.
9. Bring war material with you from home, but forage on the enemy. Thus the army will have food enough for its own needs.
10. Poverty of the State exchequer causes an army to be maintained by contributions from a distance. Contributing to maintain an army at a distance causes the people to be impoverished.
11. On the other hand, the proximity of an army causes prices to go up; and high prices cause the individuals substance to be drained away.
12. When their substance is drained away, the peasantry will be af#64258;icted by heavy exactions.
13. With this loss of substance and exhaustion of strength, the homes of the people will be stripped bare, and also three-tenths of their income will be dissipated; while government expenses for broken chariots, drained horses, breast-plates and helmets, bows and arrows, spears and shields, protective mantles,draught-oxen and heavy wagons,will amount to four tenths of its earnings.
14. Hence a wise general makes a point of foraging on the enemy. 1 cartload of the enemys provisions is equivalent to twenty of ones own, and like wise a single picul of his provender is equivalent to twenty from ones own store.
15. Now in order to kill the enemy, our men must be roused to anger.
regards
Phil.
Hello hopefully you will read this shortly. . Sorry to relay. . I am not going to talk about what I am doing/showing here in the TAF thread, that is 's thread and without him around to correct us I will not post things I haven't seen or discussed myself with him over there, what I am doing may or might not be right here and here either way it's not misleading on his aims for his thread. The main reason it's challenging to trade this is because it interferes with the cognitive dissonance within our mind, do not know if you have watched... Hello, Phil,
So simply to make sure I knew what you said right, am I right to say that, when you said cognitive dissonance, you meant being able to simultaneously trade on both the long and short side of the markets in precisely the same time? That is two contradictory and in fact complete opposite view in precisely the same time.
Hi CookieMonsta
yes, you're activating/messing with the areas of the brain which have a group belief system which prevents you from harm, have you not noticed the feeling it creates when trading from another one of your transactions be it at precisely the exact same pair or one currency over multiple pairs, its just like trying something new which has a component of danger/possible loss/harm in the activity, initially you're reluctant to get it done and you feel something holding you back but since you can do it longer (show your brain its ok) the easier it is to do it, if you do not understand what is happening then you will fight to continue to do it and finally avoid it, due to what cash is becoming to us we've got this exact same reaction to it the brain requires training to see that it's ok to do it when needed, though the feeling and reaction could only be dampened down from my experience, should you know this is happening then we could exercise some control over it.
The brain has difficulty accepting new ideas that go contrary to its embedded belief system that it has made for us to help us endure over centuries, I know it all sounds really dramatic because we no longer live in a dangerous situation the majority of the time nowadays but a part of brain hasn't caught up with our massive change in circumstances yet, thus the difficulty people have trading generally and also the huge failure rate in it.
Because states 'don't marry your transactions', he also spoke about attachment to things.
regards
Phil.
Hello , you are activating/messing together with the parts of the brain that have a set belief system that keeps you from harm, have you not noticed that the feeling it generates when trading against another one of your transactions be it at the same pair or a single currency over several pairs, its just like trying something new that has an element of danger/possible loss/harm from the action, at first you are reluctant to do it and you believe something holding you back but since you can do it more (show your brain its ok) that the easier it is to perform it, should you not understand... Hello Phil,
I have experienced this, some things, when trying to employ the cut and reverse as indied at taf ribbon, however it sounds I am simply not able to perform it, where as for the above method you mentioned about the rotating of positions, it definitely feels more natural for me.
But I definitely have felt it about the cut and reverse. That's why I chosen the rotation in comparison to the cut and reverse, and also my personal preference for this, and diverging from the taf mo for 1 pair exchanged. Sometimes I reverse once, reverse twice and wrong, I just discovered that the rotation method has yield far better results in comparison to turning and cutting, at least for myself.
Hi CookieMonsta
I also find the cut and reverse the hardest part, I guess it generates the maximum quantity of battle between the faces of the mind.
What I am doing here at the moment is attempting to demone that money may be used as a tool and how to try to go around the things that get in our way of properly using it as a tool, this means we need to take some detachment from it, that they only way to do that's to prove to ourselves that it may if used properly not place us in too much risk of loss, everybody should find their personal way to exchange there are no do this here and that there as I'm sure that you know, the market moves are never known in advance, therefore I have learnt to only trade at the now, since you see my analysis only really uses the current action in every time period, as you properly highlighted earlier everyone sees things differently and at different times, that's because time is relative (but that's another whole story in itself) and that's part of why the moves do not happen how or when we anticipate a lot of this time.
regards
Phil.
Hi I also find the cut and flip the toughest part, I guess it creates the most quantity of battle between the sides of your brain. What I am doing here in the moment is attempting to show that money may be used as a tool and how to attempt to get around the things that get in our way of properly using it as a tool, this implies we need to accept a few detachment from it, they only way to do that is to prove to ourselves that it may if used properly not place us in too much risk of loss, everyone should find their private way to trade there... Hi Phil, consented.
That is exactly what has been teaching us all the time I believe, to trade marked to now.
The detachment component is truly the most difficult part to get around, and it also probably is exactly why trend riding is rather hard.
Am I correct in that what you're showing is mm trade management, and let the results take care of themselves?
Hello CookieMonsta
the tendency riding is hard in my opinion because we can see the profit and don't need to provide any back (the brain protecting us from loss again), just to throw a second thought/idea out there, what I have revealed with stopping the bleeding could be reversed to lock in profit, and then you can add on additional momentum and choose the reverse lock out shortly after (with a few extra profit) and let I run again, if it completely reverses you have your profit in the lock commerce when you remove both.
Yes, MM commerce management=survival and profits come when prepared.
regards
Phil.
Hi the tendency riding is hard in my opinion because we can observe the profit and don't want to provide any back (the mind protecting us from loss again), simply to throw a second thought/idea on the market, exactly what I have revealed with stopping the bleeding could be reversed to lock in profit, then you can add on additional momentum and take the reverse lock out soon after (with a few excess profit) and let's operate again, in case it completely reverses you still have your profit from the lock commerce when you eliminate both. Yes, MM commerce management=success and profits... Hi Phil, agreed about the tendency riding part.
Also I feel the way that your mo goes, is the best way to trade and what I prefer to employ also. Though there is just 1 more subtle point, which sort of I think is exactly what is strongest within your mo, is that, in case in unfavourable conditions, you can shield publiion and come out ahead, in good times, you're gonna perform superb. I understood this regarding being able to manage position well in tough scenarios and coming out ahead. And since I also come to the decision that, the spreading of position provides a 2nd egic alternative in contrast to simply turning and cutting or rescuing in 1 pair, that's the reason why I personally think your method is rather strong. Partly the reason why I kept pushing myself to trade curve balls, if I could handle those I really could become stronger as a trader.
That is also why I am adopting it also.
As for why it's 3, if you take a look at 's post above regarding hedging, stated there is only 1 way to save publiion, and it's the 3 legged animal. And if you know how to e 1 pair, you know how to replie 3 pairs, the rest is the relationship of the 3 pairs. I have been researching to it since, or at least that was my interpretation of that post. 2 animal is dead publiion.
Hi CookieMonsta
thank you for your kind words on my trading but I am convinced I'm just about typical atm.
I also noticed that stated there are way of protecting book so that it never busts, this is what also lead me down this route to investigate the way that was possible? Have I discovered it? I do not understand but it works well for me so why attempt to fix something which is not broken.
regards
Phil.
let us have a look at the other USD pairs....
The transfer MAYBE already be starting in these...
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Time of day (currently going into NY lunch shortly) dictates I should wait and re-assess this (e/u) tomorrow.
E/U happenings during my overnight .... Restrain your risk and the transactions come when everything pops up and is prepared.
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U/J demo commerce attempt.... This really is exactly what scouts are all for. . (expendable).... If we listen to them they save us creating bigger mistakes. .
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allow us take a peek at the other USD pairs.... The move MAYBE already be starting in these... how can you know a snare from a true turn around? Weak price action is easy to see as evident pullback but strong moves ie cubes are more difficult - I really do get scared out by them a few times. To go short I want to sense fatigue not bull power.
About U/J chart with this informative article- nicely d1 in down tide with strong bear momentum - h1 last urge wave was bear now ranging/bear flag to test broken level so wait for bear reaction. This is the way I would see that but strong bull would make me believe. To go short I want confident bears and weak bulls.
Alex
Hi Alex
I could see/feel the trap being put across the pairs/kingdoms, is difficult to explain in terms of things to search for exactly.... And we never know until it's occurred.
Yes, I tried to be 'smart' and grab a floor onto that one, but the scout saved me from myself....
regards
Phil.
G/U.... https://www.forexsoutheast.asia/attachments/1525756489.jpg
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G/U demo trade....
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Some thoughts ....
Considering what I do/have shown and have learnt out of , is we form ideas/assumptions through the analysis we perform about the market and charts, this is normal we all need something to give us a direction (or do we??) , the ending of the analysis should never be married too as if it should occur, thoughts are okay but reality rules daily and will kill our account when we don't listen to the next back up egy 'examine' your thought (the scout), what should be handled in the today situation we put (make for) ourselves in, no one really know where the price goes next so the ideal mindset to have would be that we've got a 50/50 chance of being correct with every entry we make, so enjoy tossing a coin the more appropriate entries we make the nearer we're being wrong, that is why I try to input in the 'rest period' to grab another 'pump' move...... but nothing beats just plain and simple money handling your way into a profit and not worrying about being wrong or right to meet our self, commerce to our account's benefit not our own wants and needs, the higher purpose if you like maybe that is why posted a lot of those movie's and quotes?? Understand we're only ant's and might readily get crushed without anybody noticing or caring in this market we have decided to take on.
A/U.... https://www.forexsoutheast.asia/attachments/1525756495.jpg
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Hi my friend hope you're well.
The other day I went with scout but then price went although the higher time frame long wave was tact - so to stop the bleeding I went another way and regained all the earth profits. However, if I'd closed down the lengthy when its wave was shot I would have made more profit.
However, I do understand that FTI talks in thread about sustaining scouts for quite a while if it's in the wrong for the time being.
When do you think there's value in closing the scout versus leaving it stopping the bleeding when you have powerful move another way.
Alex
Hi Alex
I'm good thanks.
A profit is a profit my buddy, which is our sole job as traders, you'll see ways of stretching the profits as you become more comfortable trading such as that.
Personally I don't return after I have reserved a 'set' to the account it is merely on with the remainder of the job for that trade or look for a new one.
When a news event grabs you out or you get dragged into one that is very important for example you exchanged into a rate change which was unexpected (shouldn't trade into those anyway) then just kill it if its against you, it'll be the unexpected/unscheduled ones that ch us out like natural or man made disasters like the Japanese tsunami or a single country threatening another (though this is dependent one the countries size etc), together with the CAD oil is a big mover of their currency, there are just many factors for each currency so the importance to the item that led to the first move has to be weighed up to make the choice, also we finally have the 'imitation' twitter news ect to manage, these are usually short live rubber ring moves as are frequently not fact.
regards
Phil.
Hi Alex
I feel what does when he ches a tendency move is leave a number of this trade in and continues to add on the new legs and then leave some in all the way up/down additionally to ch the longer term movements, I am not that good, I will ch two possibly three limbs in a row, so I have done that leaving something but I just can't get comfy with it.
Also remember our ability to pace a fashion top or underside very much depends on our capitalisation and I am pretty sure our friend had a big one (well he's always revealing 'rooster' picture). .lol.
Regards
Phil.
Hi Alex I feel what does when he grabs a trend move is leave a number of the trade in and proceeds to add on the new legs and then leave some in all the way up/down to also capture the longer term movements, I am not so great, I can ch two maybe three legs in a row, I have done that leaving some in thing but I just can't get comfortable with it. Also remember our ability to pace a trend top or bottom very much depends upon our capitalisation and I am fairly certain our buddy had a big one (well he is constantly revealing 'rooster' image). .lol.... I agree I feel that is exactly what he does and it keeps him about the trend side also.
We are all different and if profits grow then who cares. We have to be true to self.
My issue remains when my scout is incorrect why not kill him immediately when my m5 wave/trend is blown off - even though higher time period wave could be large and be great - yet FTI/AOW state we could sustain scouts by feeding on enemy - but if you kill him then more profit and we could re-enter him afterwards as hurt but not dead- so that I still wonder why render him losing position. Can it be because even though wave pulled out it might be a sweep and then bounce back into h1 trend - but how can we tell a sweep out of a real blown wave? These are the items that I ponder. How do we understand the rebound will also happen?
Alex
Hi Alex
a profit is a profit large or little, that is our job as traders... most of the time it is 'ants' job and sometimes we are fortunate enough to hit a fantastic run when all we've done is right and prepared to be us along with the market.
I see what you're asking today, momentum, can it be rebounding from a key level? , I like to mention has it turned on a landmine (and been blown away in the new high/low it only touched), this may often show with a game changer bar being formed but as with everything it isn't 100% for certain till it's happened... 'return fire'... it's a guess'timation game which develops over time.
You've seen if I have a indulged in just I will without hesitation kill it as soon as the wave in the lower frame is taken out against me , then as you say I may have yet another go at a re-position if in line with H1 but should instant scout is taken out also I give up as I am definitely wrong in my direction/trade thought.
regards
Phil.
Hi Alex a profit is a profit big or small, that's our job as traders... all the time it is 'ants' work and sometimes we are fortunate enough to hit a fantastic run when everything we've done is correct and ready to be in line us along with the market. I see what you're asking today, momentum, is it bouncing from a key degree? , I love to say has it turned on a landmine (and been dismissed from the new high/low it merely touched), this may frequently show with a game changer pub being shaped but as with everything it is not 100% for certain till it's happened....
Thanks so much - absolutely answered my query and that is my decision too - even though it turns back into my direction with momentum then I can get back again. I do not mean of course I will kill my scout in abc pull back - do you kill and get back on C wave?
Following my wave is removed if price pulls back a bit I will kill scout here to decrease loss a bit.
Thanks my friend - have a fantastic weekend.
Alexhttps://www.forexsoutheast.asia/attachments/1525756499.png
Hi Alex
no problem my friend. Https://www.forexsoutheast.asia/attachments/1525756499.png
I have given up studying the waves like this for today, it worked well a few years ago for me but with this thinner less explosive market we've now I am only using the previous wave in H1, so long as the top/bottom is not removed I'll reevaluate if the lower frame shows some momentum or indiion of being in my direction away a high/low generally.
regards
Phil.
... if I have a scout in just I will without hesitation kill it as soon as the tide at the lower frame is taken out from me, then as you say I might have another visit a re-position if in line with H1 but when instant scout is taken out also I give up as I am clearly wrong in my direction/trade idea... Hi Phil... well voiced, my buddy.
More ore less what I attempted to demone with my contribution on TAF... but with infrequent success. LOL
That is my Basic Rule n1... rigid rule with flexible consequences.
(and I am still there... sometimes even more rigid in my scratching trades)
Hi
welcome my friend. Https://www.forexsoutheast.asia/attachments/1525756499.png
Thank you for your kind words, you made a valuable contribution to the TAF thread I believe, and I believe everyone there profited from and valued your posts. https://www.forexsoutheast.asia/attachments/1525756499.png
regards
Phil.
quote Hi Phil... well voiced, my buddy. More ore less exactly what I attempted to demone with my participation on TAF... but with infrequent success. LOL That is my Fundamental Rule n1... rigid rule with elastic consequences. (and I am still there... sometimes even more inflexible in my scratching trades) Hi my friend - do you mean you are rigid in that you go only with past h1 tide - whatever the price does eg state you get very powerful reversals in other direction to h1 last tide. I've observed a lot of pinbar fails and double shirt and 1 wave brief that took out prior wave but long trend only resumed again on my eurusd too so accurate reversals are tough.
I enjoy D1/h1/m5 stating same to me - but I've minimised harm by going other manner in eurusd m5 to sustain my scout until the lengthy run starts again - that was for a reason and RoK adapting and m5 fad was powerful enough. I have also tested strength of eurusd shorts with small scouts to feel how weak bears were and durability of bulls. Am I wrong - I don't know I had my eye on the prize however.
Believe the peeps who didn't agree eurusd D1 was have learnt a lesson from market....
I always got what you were saying trend/trend/trend....up into peeps what they do with it
Also if we are learning from FTI thread it's sometimes difficult to know which way to decide on our own ideas because of nature of thread and mix of viewpoints - peeps will learn from market too - but it's great if others come on line (like your self and Phil ) and give great advice to keep us on the straight path.
Alexhttps://www.forexsoutheast.asia/attachments/1525756499.png
G/U demo trade.... scout says NO.... Assignment.
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A/U demo trade.... An attempted continuation trade of the previous articles.
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Tendencies, hips/lops and more... note the 'read' consists of pubs (not candles and their meaning) and the move (rhythm).
http://www.fxwizards.com/knowledge-base/research-papers.html
G/U demo trade....
Did not do any demo trades a week as we had our grandchildren staying over and so my focus and time was diverted towards them during my spare/down moment.
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Hello Phil,
Cheers for you and for your grace to share your trader's thought process.
Best regards,
Hello Phil, Cheers to you and for your grace to diligently discuss your trader's thought process. Best regards, Exnav Hi Exnav
welcome my buddy https://www.forexsoutheast.asia/attachments/1525364101.jpg.
No problem and thank you for your remarks.
regards
Phil.
G/U.... Https://www.forexsoutheast.asia/attachments/1525364101.jpg
it is a bit late in the afternoon for me personally and time is against me might be unable to ch this one... but let's see anyway as this is possibly a good setup here. .
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going into the quieter period today (near 5pm/1700 my own time-about 30mins after London shut) and I am not a fan of beginning transactions in this period of the day, will continue to observe every now and up to when I head to bed but so far no bull momentum sighted and price has retrace about 50% so far.
Here's some other stuff I see in the G/U H1 CHART below....
https://www.forexsoutheast.asia/attachments/1525364181255082205.jpg
still awaiting more clues here....
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G/U demo trade.... For above posts.
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G/U demo trade lasted.... No trade is also a transaction.
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G/U.... https://www.forexsoutheast.asia/attachments/1525364112.jpg. Area for longs will play the waiting game for the time being. .
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G/U demo trade.... Don't marry your ideas/analysis, listen and test, then do what's 'best result' to your account (and often that might well be not exactly what you want to do --bias in you-- but adhering to the current action lowers risk into our account). As says believing is over-rated and scouts are expendable...
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G/U Upgrade...
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G/U demo trade lasted.... Scouting that is second attempt.
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here are the stats (because we are at commerce 30) and today there's enough trade data for some self analysis...
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G/U demo trade.... continuation?? or not!!
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G/U demo trade.... consolidation/range trade. Can only take what is there/given as we see it in the now.
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Was wondering what to pay next? I will do some trades today using the tick info (mt4#8217;s fake quantity), one very import thing to understand is this NOT quantity it's tick data move count, therefore it's recording activity of each pub, there's NO true central volume data available in FX, if thought of how it's really (pub tick activity) it is a lot easier to connect to the pub and chart as we view it, because of this we must understand how the MM#8217;s and big boys play with the sport and in which the stop/orders may be as I've previously shown, also an comprehension of the dynamics of #8216;an equal and opposite force#8217; just as in the theory of the #8216;regulation of movement#8217; can also be required.
First thing first, my findings on this particular tick data material are #8230;
It's limited to no use for me personally on reduced time frames.
D1 and H1 may be helpful with help for directional signs but have to be traded nude in M15/5.
It holds no clue whatsoever on how long the move may last, it must be assessed bar by bar.
It is no holy grail a different tool for possible signs during low/no news trading occasions.
I will also have the three pub hip/lop action here today, just like most things you will find hip/lop formations and you will find far better hip/lop formations, I will be looking at those and attempting to pick the better ones for a few trades today.
So the very first possible trade is under and must be abandoned due to new events altering the current situation and terrain read.
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Hello thank you for your kind words on my trading but I am sure I am just about typical atm. I also noted that said there are means so that it never busts of shielding book this is exactly what lead me down this route to investigate the way possible? Have I discovered it? I don't know but it works well for me so why try to fix something that isn't broken. regards Phil. Hi phil, no probs, and its kind of you to discuss what one to too.
Yes, I have been researching along this route, which has also directed me into the rotation method and also choices, because occasionally, the pair tears too, and the collar alternative mo exhibited can be utilized to shield book.
There's something I understood about delta neutral hedging from classic textbook, its already been priced into the option already, but really there is an way to handle it if a person is long volatility, I don't stick to the main stream suggested delta neutralizing manner, mainly because 's e, save and attack already variables in the volatility, and will converge on the current volatility quicker than using a version for assessing if the position should be delta neutral or not and what is the hedge ratio. That has been my insight into the deficiency of current delta hedging mo. the mm itself functions using choices fairly well. That has been my insight into options trading.
This is just my understanding/intepretation of the 3legged animal, if you're long 1 eurusd and short 1 gbpusd, you're long 1 eurgbp, so in the event that you go short 1.6x eurgbp, you're squared 1.0, implemented a lock with a loss/gain and have gone short 0.6 eurgbp, and you can invert this on the fly by changing the ratios of every place. The foundation subsequently becomes to incorporate the fibo mm into it so as not to expand the publiion's risk too fast. Subsequently its to incorporate the e into the rotation.
Hello CookieMonsta
it's been years since I touched options, I used to trade straddles and strangles in making season on the stock markets (with limited success... not enough funds!) , I do understand what you saying about your usage of these over 3 pairs, I have found that we don't necessarily require the three pair, 2 work nicely in the event that you concentrate on a single currency, I enter state AUD using A/U G/A (equally scouts short or long) and just add to the winning one, I also find it helpful to trade the retraces from the other sometimes as scenario allows/presents.
I don't begin a trade with the intention of employing the 3rd leg, for me personally it's there as back up if actually wanted, I try to stay to a single currency the majority of the time, though I may have few currency transactions going at any 1 time, I would and frequently just offset a profit transaction against a loss to produce an entire set which provide me a profit, that's precisely why my trade/profit curve shows as it will.
regards
Phil.
Hello it has been years since I touched options, I used to trade straddles and strangles in making season in the stock markets (with limited success... insufficient capital!) , I do understand what you saying about your usage of these over 3 pairs, I have discovered that we do not always require the 3 pair, two work well if you concentrate on one currency, I enter say AUD utilizing A/U G/A (equally scouts short or long) and only increase the winning one, I find it useful to trade the retraces from the other at times as situation allows/presents.... Hi phil,
about the 3 pairs, I do agree, that when one is profitable in 1 pair there might not be a point in using two pair, if 2pair is doing well, there is no purpose in visiting 3pairs, all depends on the e, and what is required in order to safeguard publiion. Unless of course one is using the pairs all for profits purpose then it is justified in using all 3 pairs.
I do not believe that simply trading straddles and strangles comes with a border against the market, as has said, the secret is in how much you pay for volatility premium. Think about what he's alluding to when he states when trading options are trading the volatility I have discovered. He'd mentioned a book by dr sheldon natenberg and I have gotten the publiion, its rather interesting, since how he exchanged to replie cash flow to get a put options utilizing the delta neutral hedging method, replied actual realized volatility, thus basically, the difference was that he seen the difference between the theoretical value of the choice and seen the implied volatility is significantly lower than the theoretical price, and later he chased it using the delta neutral mo, he needed another but close enough worth to his choices theoretical model. I have seen interviews of the guy, he's a market maker, I believe his mo in choices is what is mentioning, yet another clue is also that, said options trading is germs level function, looking at the repliion, the capital put in is alot more than what he obtained which perhaps points to this has a huge chance that this is what is talking about. When you examine the collection of alterations, the e can refines the way it is completed. Fti also mentioned that to e long sword, short sword ability is needed, possibly for this purpose possibly for identifying areas that were great to enter the option position.
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Hello CookieMonsta
when I exchanged choices I needed access to a program that scanned the market for the cheap or miss-priced options, but even having that the returns where low to your investment laid out.
As you know I do not exchange them now, just place market but in an unconventional manner through egic management of all the elements that I try to constantly adjust to my advantage, as claims survival is what matters and the only rules are 1. Shield capital two. Shield capital 3. Do not forget 2 and rules 1.
Watched the videos thanks, it will seem he saying basically the exact same thing as , no one knows where price goes, so the only alternative left is to adjust to the risk we produce as the move/s takes place in an effort to produce that profit from any means. People forget that the market is un-tradable for a number of reasons.
AOW...
24. Now the general who wins a battle makes many calculations in his temple before the battle is fought. The general who loses a battle makes but few calculations beforehand. Thus do many calculations lead to victory, and few calculations to defeat: how much more no calculation at all! It is by attention to this point I can foresee who's likely to lose or win.
regards
Phil.
Hello if I exchanged options I had access to a program that scanned the market for its cheap or miss-priced options, but even with that the yields at which low for the investment laid out. As you know I do not trade them today spot market but in a unconventional way through egic direction of the components that I try to adjust to my benefit, as says survival is what matters and the rules are 1. Shield capital two. Shield funding 3. Remember 2 and rules 1. Watched the movies thanks, it does sound... Hi Phil, agreed.
The objective is just to protect publiion by any means, then trying to determine if profits are possible.
A/U demo trade.... From the one I was watching back now concluded. (40 screen shots I am fearful)
We produce our own situations by the actions we opt to shoot, learn how to manage/deal the results.
ENERGY
1. Sun Tzu said: The control of a large force is the same principle as the control of a few men: it is a question of dividing up their numbers.
2. Fighting with a large army under your command is no wise different from64257;ghting with a little one: it is a question of instituting signs and signals.
3. To make sure that your whole host may withstand the brunt of the enemy's attack and stay unshaken.
4. That the impact of your army may be like a rock dashed against an egg--this is effected by the science of weak points and strong.
5. In most #64257;ghting, the direct method may be used for joining battle, but indirect methods will be needed in order to guarantee victory.
6. Indirect tactics, ef#64257;ciently applied, are inexhaustible as Heaven and Earth, unending as the #64258;ow of rivers and stre; like the sun and moon, they end but to begin anew; like the four seasons, they pass away to return once more.
7. There are not more than64257;ve notes, yet the combinations of these #64257.
8. There are not more than64257;ve primary colors (blue, yellow, red, white, and black), yet in combination they produce more hues than can ever been seen.
9. There are not more than64257;ve cardinal tastes (sour, acrid, salt, sweet, bitter), yet combinations of them yield more64258;avors than can ever be tasted.
10. There are not more than two methods of attack--the direct and the indirect; yet these two in combination give rise to an endless series of maneuvers.
11. The direct and the indirect lead on to each other in turn. It is like moving in a circle. Who can exhaust the possibilities of their combination?
12. The onset of troops is like the rush of a torrent which will even roll stones along in its course.
13. The quality of decision is like the well-timed swoop.
14. Therefore the64257.
15. Energy may be likened to the bending of a crossbow; decision, to the releasing of a trigger.
16. Amid the turmoil and tumult of battle, there may be seeming disorder and yet no real disorder at all; amid confusion and chaos, your array may be without head or tail, yet it will be proof against defeat.
17. Simulated disorder postulates perfect discipline, simulated fear postulates courage.
18. Hiding order beneath the cloak of disorder is simply a question of subdivision; concealing courage under a show of timidity presupposes a fund of latent energy; masking strength with weakness is to be effected by tactical dispositions.
19. One who is skilful in keeping the enemy on the move maintains deceitful appearances, according to which the enemy will act. He also sacri#64257;ces some thing, that the enemy may snatch at it.
20. By holding out baits, he keeps him on the march.
21. The clever combatant looks to the effect of combined energy, and doesn't require too much from people. Hence his ability.
22. When he utilizes combined energy, his #64257;ghting men become as it were like unto rolling logs or stones. For it's the character of a log or stone to remain motionless on level ground, and to move when if four cornered, to come toast and nevertheless, but if round-shaped, to go upside down.
23. Thus the energy developed by good64257;ghting guys is as the momentum of a round stone rolled down a mountain thousands of feet in height. So much on the topic of energy.
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cont. . From over
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Lasted in Article below...
cont. . .from above
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As I said at the start of the trade I purposely allow this trade get into trouble.... I made my circumstance.
BUT.... . So learn to deal with it as economically as 17, departure is part of warfare.
As you see here I booked profits with every 'set of trades', the trick here is to not be greedy and just reserve 100% profits all of the time, as soon as a transaction does not do precisely what you expected and produce its 'natural' profit in a transfer in your favour, we must go into a 'reduce risk' mindset manner of trading, since you can see it's still a profitable method of trading but it requires a lot more work in the money management side of things, some trades are easy and some are more complex to produce the sole goal we should all seek as traders profit.
When faced with a scenario that gives some profit I attempt to always lessen the lower trades which have the most drawdown, the rule of thumb is if you decrease the trades under your ordinary price it gives you a greater overall average price closer to the currently price, should you reduce trades above your ordinary price then you truly make things harder to regain as the typical price moves farther away from the currently price.
Only for reference....
One thing I am noting doing this demonion and just revealing what I do with a single pair is it's truly somewhat harder and takes longer to bring these more complex trades to a conclusion, as I have explained and said I'd use different pairs to do so but I can't think of a way to show this without it interfering too much with my live things, but perhaps I will attempt to show some shortly??
NFP appears to have altered the game as seen from the compressed H1 charts on majors and crosses, here we can clearly see what each currency (not pair) is performing which can be cluttered and that can be trending, the match changer bars/moves clearly stand out and we all can see some USD pairs at which really leading the way from a couple of days ago.
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ADDED...
for anybody who browse the seasonal alterations PDF they might have observed the relation in what is happening today and what is from the record, we (people) tend to do many things in cycles should you consider it, did touch on this in thread, just consider what you do and when you do it, it's in a routine/cycle generally to ensure routine/cycle should be more noticeable spread over a wider expanse of individuals and there are a lot of folks trading #8230;. This occurs with no people noticing #8216;the cycle#8217; they are in not a 100% tradable accurate thing each single time worthy of taking note of as yet another clue.
A/U demo trade.... In the one I was watching a few days back today, finally reasoned.... What a campaign.
May I ask in the final upthrust long when you'd 1/8/5 in short and it upthrust long - you didn't think of moving with it long back to zone - lot of buying in there?
Alex
Hi Alex
I decided which I wanted to show a more intrie trade (screenshot 3) so needed to let it get into trouble to be able to do that, in the daily the last pump had started to enter its rest period so this was a fantastic spot to do this kind of op', I wanted to show that there are many ways of conserving (and enhancing) the novel, the commerce seemed disorderly but I was able to show order in it and even reach our goal as traders all of the way with the ideal mindset, patience and subject not to just blindly add the conventional way of scaling with the skews, what's possible to those who seek it. Indirect and direct approaches where utilized there.
regards
Phil.
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Hi Alex I made the decision that I wanted to demone a more complex trade (screenshot 3) so needed to let it become trouble to be in a position to perform that, in the daily the previous pump had begun to go into its rest period so this was a fantastic spot to perform this kind of op', I wanted to demone that there are a lot of methods of saving (and improving) the book, the commerce looked disorderly but I was able to reveal order inside and even achieve our goal as traders all the way with the right mindset, patience and discipline not to kindly add the traditional method of scaling... oops I get exactly what you have done - no it doesn't appear disorderly I get what you're doing.
Alex
cont.. .from over picture image image picture As I said at the start of the trade.... I'd use different pairs to do so but I cannot think of a way to demone this without it interfering too much with my live things, but I will attempt to demone some This is a real interesting one... have to review it... but I can see how with mm you have yourself out of trouble...I've dabbled in this as you understand to stop bleeding at a deeper pullback...
Thanks for revealing this - interesting - worry that you could get huge move against you to kill your account so that you would have to be able to deal with big numbers mentally too to go the other way and stop further bleeding..pity FTI is not about to talk.
Alex
Hi Alex
what I was doing consistently was decreasing risk at every opportunity that has been introduced, I did not add at potential occasions when news was due, I allowed the price/situation dictate when I included, if was to just 'let it run' without studying the today and known future events ahead (news, time of year/seasonal modifiion, larger image, etc) then it's very dangerous to exchange such as this, did state there are times it could be a benefit to exchange both ways (if he would approve of what I am doing I am uncertain), the daily price was in/going into rest/consolidation this is when said it could hold an edge to exchange this manner, for me it work nicely but have a lot of practice doing this and everything I do is geared up a big against me, I find it easier to control/adjust to as the sizes get larger, the chance to decrease risk/exposure is granted greater flexibility to do the alterations needed.
I'm not suggesting anyone else deals such as this, I am only showing what is possible with the correct management.... Their mm plan can be formulated by others from something It is this before trying it live for anyone interested in this area/part of 22, for quite a long time.
regards
Phil.
Funny.. I was taking to somebody over weekend that started trading about year ago, he's making all of the classic mistakes most of us make when we first start outside, he was very shocked to hear how I trade as well as my perspectives as they were in complete contrast to what he has learnt so far, I ended up trying to describe it like this, the herd 95% commerce fairly much the mainstream manners that are out there and also the suggested failure rate is 95%, at the other 5 percent it stated that 4% breakeven or only make a little every year so they must be doing something different to others, therefore the 1% that are said to make the most money has to be doing something radically different.
I also had to tell him there is not any 'holy grail' way to trade.
A/U.... https://www.forexsoutheast.asia/attachments/1525364591.jpg.
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A/U demo trade.... Profits come when everything is right and ready, the rest of the time we have to control our risk and exposure to/for the situations we put ourselves in.
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Hi CookieMonsta
Thanks, it was interesting battle I believe.... . Just the time that it takes is a issue.
Hello Alex
Yes, fx quantity isn't centralised and from the broker you are trading with just, sometimes the spikes and lows can help but they can also mis-lead as they did here due to it not being a true film, only wanted to pay this a little to demone that, since you see I dropped it after a little while.
You are right to pick me up on this, it isn't something I use frequently but do now and again (when I am bored I guess thinking about it). Really thinking back when I started this trade I wasn't very well and the doctors were messing about with my mediion (again) so maybe that had any impact on my thought process as well.
I've shown exactly what I wanted to with the quantity and will not post anymore on broker quantity.
It really helped me by going wrong as it did since I had been wondering how I could post/show a profound recovery.
I've discovered using the currency index's a much better way to evaluate the amount of trading in each currency, although these are charts they give us an 'overall' image of what's going on in each currency without needing to watch all the crosses all the time.
In the article below is the usage of the index's for/with which trade.
Regards
Phil.
E/U exchange....
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Hi Phil
Nice to see you with pleasure.
Really windy start to the year.
Take care and Good luck!
Regards
Ray
Hi Thanks, it was intriguing battle I think#8230;. . The time that it takes is a issue. Hi Alex Yes, fx quantity isn't centralised and from the broker you are trading with only, sometimes the spikes and lows can help but they can also mis-lead because they did here due to it not being a genuine picture, only wanted to cover this a bit to demone that, as you see that I dropped it after a while. You are right to pick me up with this, It isn't something I use regularly but do again and now (once I am bored I think thinking about it). Really thinking... Hi Phil, really, I guess in a sense 3 weeks is not feasible if I have to pay bills depending upon the account.
You could make use of the futures market quantity, if you are interested in using quantity, because of futures spot arbitrage, so the actions by the arbitrage guys should be similar. Is ro3k, if ro3k goes into sync, it may indie a decent amount of quantity, because of synchronize the USD pairs, signifies attack by market, and may mean delta in buy sell liquidity.
As for indices additionally, it functions, but is determined by if it is centralised.
I realized that, said to redlion or another user(???) Was that, if he first enter market for the day, he seem at ro3k to view terrain, this makes me wonder, actually, does the attack and rescue and cut and reverse have something to do with ro3k heading in sync or out of sync.
That's, Fti's rescue is completed when market appears like retrace, or ro3k not in sync showing choppy market, and attack once ro3k in sync and same way, if ro3k in sync but contrary to his positions, he flip and cut. His attack and rescue is on point because of his feel for terrain and pa, therefore hint to the read of ro3k is alot deeper? Just imagining. Primarily because to cut and reverse will lose price advantage if that is so, if ro3k is in inline, can capitalize on their in transit terrain that might generate strong swing, and do the trim and reverse.
Hi Ray
Good to see you again, you know me constantly attempting to make the best out a situation.
Hi CookieMonsta
Yes, that's where the dilemma is in long drawn out conflict, the distribution chain weakens as more time decays and nothing/little is won/conquered.
The volume thing I have used the futures stuff some times and sometimes it works fine and others not so good, I should not try to fix things which are not broken actually#8230; but sometimes a slight change assists get me back on track.
Trading the 3K#8217;s is trading the market wheel (USD), when they line up that is the reason why we get a good move, a couple of years ago the 3K#8217;s worked extremely well and would line up a lot longer than they do today, also todays market moves are not any where near the amount they used to maneuver, for me making it more difficult to ch the odd bigger move without trying out some new stuff and being available to each currency instead of relying only on the 3K#8217;s liner up or not, the USD is losing its monopoly in the market nowadays too and not everything is changed/exchanged through that medium just now.
I enjoy watching the index #8217;s under, they give me clues to each currency and you can see at a glance which one/s are driving the current move. ( I know I have shown you this and gave the connection).
Regards
Phil.
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Hello CookieMonsta Thanks, it was interesting battle I believe#8230;. . The time it takes is a large problem. Hi Alex Yes, fx volume isn't centralised .... Ah I see cheers for that. . Concur
Alex
Something I realise I'm doing is I'm trying to force my will on the market to show what I need to be in my diary using this open account that I'm displaying, I wanted to set things together, the read, money management, price arrangement, ect... it cannot be done just like that I'm afraid on account of the market not necessarily (very rarely) doing what I need when I want, so now I will just have to post transactions on this account and explain as things occur in the market, I'll do my very best to try and explain but it will not be from the order/grouping I'd like, this is true of my mind needing to take control and put some order in matters which are random and I don't have any control over, we people like our little compartmentalised boxes.... Time to be such as water.
Something I realise I am doing wrong here is I am trying to force my will on the market to reveal what I need to be in my journal with this open account that I am displaying, I wanted to group things together, the browse, money management, price structure, ect... it cannot be done just like that I am afraid due to the market not necessarily (very rarely) doing exactly what I need when I want, so I will just have to post transactions on this account and clarify as things happen on the market, I'll do my very best to try to explain but it will not be in the order/grouping I'd... I always find when I try to do that. . It goes wrong or I lose confidence because it seems forced.... Not sure why it does my friend. . Do not upset the balance. . .the trend is our friend
Thank a lot for all charts
Alex
Ah, Phil, I see you are using the indices, once you see 2 charts have tearing, on their pair, you can grab a move.
So from the charts, you're seeing which one might tear most and then choosing the pair to enter, so you're actively picking excellent terrain.
Hi CoookieMonsta
yes, my buddy that's what I am trying to do 'watch the tears commerce the pairs', is no holy grail but is a lot simpler than watching all of the USD pairs and their crosses for the same info, such as I only have to see six charts and after that take a peek at what charts I believe may move.
regards
Phil
Hello CoookieMonsta yes, my friend that's what I am attempting to do 'watch the tears commerce the pairs', is no holy grail but is a lot easier than watching all the USD pairs and their crosses for the same info, such as I only have to see six charts and then have a look at what charts I think may proceed. regards Phil . . Enjoying this idea . .just see the indices... where do you get the indices ?
Due
Alex
Hi CoookieMonsta yes, my friend that's what I am attempting to perform 'watch the tears trade the pairs', is no holy grail but is a lot easier than watching all the USD pairs and their crosses for the same info, this way I just have to watch six charts and after that have a look at what charts I think may proceed. Regards Phil
Hmm, just my intuition, you could develop this into the butterfly was speaking about.
Hi Alex
here's the link my friend, it's totally free, just open a separate window for each currency and then resize to arrange how I have any other way that you might prefer.
Click the USD box and begin to type the currency you desire.
https://www.mataf.net/en/forex/tools/currency-index#c_index
regards
Phil
Hi CookieMonsta
yes, I believe there are lots of different ways to use this information, each to their own.... Drop the rest for now.
regards
Phil.
in the index's we could what our buddy was stating about the cash moving through the market in each realm here...
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E/U exchange....
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cont' in article below...
cont' from article above....
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a quick look at the daily E/U and my thoughts...
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a quick look in the daily E/U along with my ideas... image yeh looking as though it might.... But been ing round the news events so who knows.
Alex
Were wondering what to cover next? .... I would like to ask you concerning price hitting on stops/orders: it either:Keeps on going thru absorbs stops/orders and consolidates reverses I think I must better learn that which is probably based on price behavior on the strike. What are you searching for to help determine this?
I think what happens depends on if you can find real orders there if We're running lengthy and take out a high:when there are no real buy orders above it then big men are getting in at discount eg duck hunt and we ought to see strong selling - it will reverse tendency if there are real buy orders above it keeps running for longer we should watch no interest in selling if large men are taking some profit then it will consolidate and we shall wait and see what comes alongside ie long run back again when they become interested in buying again at discount Alex
Hi Alex
maybe best explained from the current E/U chart.
regards
Phil.
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Hi Alex maybe best explained in the recent E/U chart. regards Phil. picture I got in too early too on scout long got in again in buying zone at bottom utilizing m5 bottoming signs.
It has helped me confirm my thinking again - it is really great thanks.
Alex
Hi Alex
no problem my friend.
I didn't trade E/U above, I just indied it as I would of traded it if I had been watching it.
When you look at the daily chart you will see two hips recently formed at about the same level, personally I would not be needing to trade from these setups.
regards
Phil.
Hi Alex no problem my friend. I used to not exchange E/U above, I indied it as I could of traded it if I had been watching it. Should you look at the daily chart you'll see two hips formed at about the exact same level I would not be wanting to trade against these setups. regards Phil. Yeh watching them
Alex
Risk on risk off.... Something we need to understand.
Especially in today climate.... Fundy's P/A
Hi my friend.
Hope you have a great Christmas and a great trading New Year.
This thread is amazing and thought-provoking and quite liberally given.
Alexhttps://www.forexsoutheast.asia/attachments/1525089465.pnghttps://www.forexsoutheast.asia/attachments/1525089466.pnghttps://www.forexsoutheast.asia/attachments/1525089466.png
risk on / risk off.... Something we need to understand. Particularly in now climate.... Fundy's P/A Quite correct!
Excellent and Comprehensive thread. Thank you for sharing phil13.
Along the lines of trading diary, I'm currently searching for a good trade journal. It seems you have a lot of expertise, do you get a recommendation of a diary spreadsheet or -software to use?
Merry x-mas everyone!
Hi Alex https://www.forexsoutheast.asia/attachments/1525089466.jpg
happy Christmas and wishing you a great new trading year ahead also my friend.
Still haven't finished my final trade to record yet, loooooong battle this one.
Thank you a lot for your kind words about my thread. https://www.forexsoutheast.asia/attachments/1525089466.jpg
regards
Phil.
Hi NasyPips
thank you for your kind words about my thread and welcome as this is your initial post, wishing you well in trading and life, you're very welcome to stop from here whenever you need and will (if I can) attempt to answer anything you ask.
Bare charts is the best thing to use mainly, use things such as dow concept as a base for your 'read' of this management, do analysis at the greater time frames and also scale in on the lower frames from/with that analysis is the best basis I have found to use, test with scouts for leadership then hit them riding each wave of this move, experimentation in presentation with various forms and ways of manipulating money management in your favour and don't be afraid of trying out your own ideas with this in demo to get a feel of how money can work in your favour, like journal/threads I have read a lot of them on here and some have some good ways of doing things however their manner may not be right for you I have found, take what's helpful to you in your own trading and discard the rest for the time being, also I suggest looking into how and why we function as individual from an electro-chemical perspective, this will allow you more control on what you should do rather than what your mind is telling you to do, this can be a large portion of trading and no one can teach this because we're all distinct emotionally and re-actively.
That the one thread I learnt the most from and really helped me was 's thread, it is tough going at first but it is exactly what caused me as a trader.
Https://www.forexsoutheast.asia/forex-brokers/156-scam-hanseatic-brokerhouse.html
oh... rather than pay anybody anything to do with learning about this or system along with e/a's ect, they sell mainly because they cannot trade and prey about the new unsuspecting keen to find individuals, all can be available online for free you just need to not believe all you read with out appropriate testing yourself out first.
regards
Phil.
I recommend looking into how and why we function as individual from an electro-chemical point of view, this will allow you more control on everything you should do rather than what your brain is telling you to do, this is a large part of trading and no one can teach this as we're distinct emotionally and re-actively. The 1 thread I learnt the most from and really helped me was 's thread, it is hard going at first but it is what left me as a trader. Https://www.forexsoutheast.asia/forex-brokers/151-honest-broker.html oh... rather than pay anyone anything . Hello Phil,
What a super-post! So brief and comprehensive. I endorse every sentence in it as up to a proper-due mark. Make yourself a trader...
Merry Christmas and forex route success.
Best regards,
Hi Exnav
thank you for your kind words.
Wishing you a happy Christmas and effective new year my friend.
regards
Phil.
Hi Hi Phil
Merry Xmas and a Happy New Year!
Hope everything been sorted out nicely.
Any pork awakens to glow? hehe. .
Take decent care, and allow the turkey roast well. LOL!
Regards
Ray
Hi Ray
all sorted thanks. Https://www.forexsoutheast.asia/attachments/1525089466.jpg
wishing you a great Christmas and new year too my friend.
regards
Phil.
Long, looong, loooooonnng battle this one.... Still not finished and launched 13 2017 decided to place what I have done thus far as just a tiny left to and that I might have wait a little while before continuing on this U/J trade.
So this started off as trade to try and reveal something and began to go wrong, I tried an effort to undo recover at first then I decided to let it run against me to show a traditional deep recovery/rescue, as I have not shown any of these and well I do bang on that I am well practiced to recover from 1000 -- 1500 pips from me, therefore as I spoke it I thought I need to show the walk as well, most of it is all about patients and timing whilst scaling up/down the charts.
Just because I can do so it does not mean that I should always do so, most of the time that it isn't money/time effective to do so, but I think it is a fantastic tool to get under our belt, so this is the reason why I have shown additional thoughts on ways to recover that can often be far faster to bring a trade to a finish, I remember being reside years ago being stuck using these types of rescue/recovery they really affect you mentally and do nothing of any great help to the year end result.
Here it is over 33 charts below......
cont' in place below
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cont' from Article above...
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cont' in Article below...
cont' from Article above...
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cont' in Article below...
6 Structure(s) cont' from post above...
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Only the last trade to recover Today.... Will post if done with.
Hi, Phil,
Well done, which was magnificent.
cont' from article above... cont' in post below.... I believed FTI told us that volume data was not good enough so curious to see you're using it. I believe that the spikes may tell us a lot but not certain.
I believe on the h1 pullback short after spike up long on h1 showed that downward movement had no sign interest and volume only rose when we got to encourage showing most likely some buying.
Thanks for charts.
Alex
update on the stats for your open demo account I am revealing. Please remember I am not trading this account to show how much I can not make I am using it to show/document things I think could be of use.
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U/J .... Https://www.forexsoutheast.asia/attachments/1524961323.png I might not get an opportunity to exchange this or might have to pull out early like I have a dentist appointment soon after US open, but let us see.
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U/J exchange.... Needed to cut short due to my appointment.
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U/J upgrade... back from dentist with no tooth. (maybe that's telling me something..lol).
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Not today, have a few things to sort accordingly will be out before roughly before US open.
U/J exchange... when it goes wrong/bad it is often better to simply get out in the first opportunity.... The old guy in the TAF thread on the roof narrative.
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U/J exchange... when it goes wrong/bad it is often best to simply get out in the first chance.... The man on the roof narrative. image image image image
a thought my friend....when you'd the 1 and 5 in short on m15: m15 was at uptrend price ran up into range and made HLsActions: price took out some ducks reaction: price pulled back to retest service as bears had a move outcome: long attack: mini L H H HL and interior that we'd bull attack of bears: within bar fakey afterward long: so here you might have reversed or place in a very long trade to pay the shorts: think this is what talks about who is attacking and where Just some ideas
Thanks for posting your charts
Alex
Hi Alex
With no doubt it was a pre-emptive strike on my part and the p/a was up, the end from the news needs to of attracted this down but some surprising news was released shortly after hence the mess up and why I only added carefully at first on account of the p/a, how transactions differs from how I trade mostly in our time scales of trade, I must let more time for my own transactions to develop, the M1/M5 scalping trading isn't for me I have found, that is why I use bigger time frames so my transactions are slower and I'm very familiar with this as is using how he transactions I dare say, there's no wrong or right way to do this, every one of us must live or die by the decisions we make.
Great to see you around again, was wondering what happened to you, glad to see it was a holiday.
Regards
Phil.
Hi Alex With no doubt it was a pre-emptive No just thought of this bull attack in the perfect terrain coz I enjoy it... maybe not m5/m1 thing....
Yup went to Vietnam for a few sun.... Someone forgot my principles once I return from holiday in February no cold or snow enabled....herrumph... tho no snow here at the mo'
Alex
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