lukx zline trading log + cfabian p.35 + adaseb p.48
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Without a high level of spatial intellect and ability to compare variable time frames this is not going to make any sense whatsoever...
Mass Psychology repeats its self in greater & lesser severity.
Traders find them selves applying the same mechanical processes under the same set of conditions and on multiple time frames
creating a sort of "market brain wave" that repeats its self.
You have to ask your self how the PA between 1 and 2 and 1 and 2 are the same. Do the same exercise for the other numbers.
Mass Psychology repeats its self in greater & lesser severity.
Traders find them selves applying the same mechanical processes under the same set of conditions and on multiple time frames
creating a sort of "market brain wave" that repeats its self.
You have to ask your self how the PA between 1 and 2 and 1 and 2 are the same. Do the same exercise for the other numbers.
MO, on this planning trades thing, it really makes me thing why to plan such a long term trade, when you can easily make 50+ pips a day???
As per some of your comments, I asume you have a 7 figures account (or more, hehehe). Trading say 50 lots of 100, that will make you 50,000 a day. Of course with such account you can trade way more.... thus my question why? Or there really is a point where trading over X lots is not possible / hard for daytrading due liquidity or another factors we are not aware of?
As per some of your comments, I asume you have a 7 figures account (or more, hehehe). Trading say 50 lots of 100, that will make you 50,000 a day. Of course with such account you can trade way more.... thus my question why? Or there really is a point where trading over X lots is not possible / hard for daytrading due liquidity or another factors we are not aware of?
MightyOne wrote:adaseb wrote:MightyOne wrote:I think I am about done shorting the GBPUSD FxTravaller.
After this month I will probably be done trading until December or maybe even next year so I can live a little.
Why December?
Isn't that a bad month to trade due to the low volume?
To study charts and map out a plan for the different currencies.
I don't just sit down and trade (although it may look like it)!
There are times when I am working a trade for several years.
I feel that December is a good month to review what I have missed up until that point.
WILL GET MY MONEY BACK FROM THOSE BASTARDS, AND I MEAN IT !!!!!
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
"WAIT FOR PRICE, WAIT FOR PRICE, WAIT FOR PRICE"
cfabian wrote:MO, on this planning trades thing, it really makes me thing why to plan such a long term trade, when you can easily make 50+ pips a day???
As per some of your comments, I asume you have a 7 figures account (or more, hehehe). Trading say 50 lots of 100, that will make you 50,000 a day. Of course with such account you can trade way more.... thus my question why? Or there really is a point where trading over X lots is not possible / hard for daytrading due liquidity or another factors we are not aware of?MightyOne wrote:adaseb wrote:MightyOne wrote:I think I am about done shorting the GBPUSD FxTravaller.
After this month I will probably be done trading until December or maybe even next year so I can live a little.
Why December?
Isn't that a bad month to trade due to the low volume?
To study charts and map out a plan for the different currencies.
I don't just sit down and trade (although it may look like it)!
There are times when I am working a trade for several years.
I feel that December is a good month to review what I have missed up until that point.
To reduce risk you must capture pips
The more pips that you capture the less leverage it takes to achieve your monthly compounded returns.
As a beginning trader I was thinking in terms of how much I could safely risk to make a fortune on the next trade.
As an advanced trader I am thinking in terms of how I can risk nothing and achieve outstanding returns.
This is done not only through capturing pips and reducing leverage but also lending money and trading the returns.
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- bredin
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cfabian wrote:MO, on this planning trades thing, it really makes me thing why to plan such a long term trade, when you can easily make 50+ pips a day???
If I may illustrate...
Thats without hedging the retraces, scaling in, building up or any other profit multiplying methid.
G.
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Spatial Recompositions
Ok, here goes. 3 versions.
Version 1 seems to be be the 'best' (just a gut feel)
Version 2 so so
Version 3 the worst.
MO, if you would comment and approve at least one of them (version 1?) then I'd add X-Y-X-Y and other analysis.
Cheers.
FxT.
Version 1 seems to be be the 'best' (just a gut feel)
Version 2 so so
Version 3 the worst.
MO, if you would comment and approve at least one of them (version 1?) then I'd add X-Y-X-Y and other analysis.
Cheers.
FxT.
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- bredin
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My preference (for all that actually matters...) is to pick the one you think best shows MOMO coming out of a quiet period.
G.
edit: Ive released an indi that does a pretty good job
G.
edit: Ive released an indi that does a pretty good job
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