The monthly is too large to make accurate projections.
What I have found to work very well is to use the median range of the last three weekly candles:
Three Charts
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Re: Three charts
MightyOne wrote:The monthly is too large to make accurate projections.
What I have found to work very well is to use the median range of the last three weekly candles:
Thanks a lot for your feedback, MO, appreciate it.
Re: Three charts
USD/NOK. I have already posted a chart of this pair earlier but forgot to write an update so here it is.
The extreme I originally thought to be the extreme was not the extreme, unfortunately.
Here is a new suggestion:
The extreme I originally thought to be the extreme was not the extreme, unfortunately.
Here is a new suggestion:
Re: Three charts
For the record I have decided to go back on demo to learn how to accumulate, too much emotions otherwise.
Will continue posting again when things start to improve.
Best of luck to all.
Edit: And thanks for reading this thread!
Will continue posting again when things start to improve.
Best of luck to all.
Edit: And thanks for reading this thread!
Last edited by jrtrading on Sat Jan 07, 2017 12:59 pm, edited 2 times in total.
Re: Three charts
If you are on a similar path as I am trying to go, I would recommend the "Instant Professional" post by MO, I found it very helpful to sum things up and also somewhat comforting, personally I have saved it as PDF on my dropbox for easy access.
Here is the link to the post (on the middle of the page):
https://www.kreslik.com/forums/therumpledone/the-ideas-that-i-trade-by-t3256/page920
Here is the link to the post (on the middle of the page):
https://www.kreslik.com/forums/therumpledone/the-ideas-that-i-trade-by-t3256/page920
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Re: Three charts
I have also decided to try the one-on-one coaching with George Smith, primarily to help with my fear/shame of losing money. I will let you guys know how it turns out.
Re: Three charts
Edit: Moved space up and set it as "waiting space" (pending order).
Re: Three charts
Did you get filled on that trade?
Re: Three charts
MightyOne wrote:Did you get filled on that trade?
Yes, I got 1xR out of it. That will come well into use next time..
I've got about 4% OPM thus far with a lot of luck, started risking 0.75%.
Re: Three charts
Actually I decided to put some of the OPM on this trade, a bit unsure..
Edit: Sorry about the bad quality, the resolution is higher if opened in new tab / window.
Edit: Sorry about the bad quality, the resolution is higher if opened in new tab / window.
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