Hi FMA, failure simple layman word is the key vocabulary. You're getting it. How much did market pay you if you knew the answer? Since you knew target reached and it's all about deciding point from here, what tools do you have to answer this trade ...

Flying Dutchman

It's a difficult day of trading for me. I had to trade E$ at major level and on the backdrop of possible intervention, so extra caution booking profit, not sure what might happen next. I'm done for the day and week. Cheers

Flying Dutchman

That's why I wrote earlier, I have zero lines on my chart except open lines to mark "'session' open price", give orientation where market is trading now. If we place whatever lines on our chart we're assuming traders who move market to trade inside ...

Flying Dutchman

Yes, yes and yes. For tp it depends - a separate discussion. The most important takeaway is to know why price move upward or downward at our trade executed price. Although I wrote, I'm not a candle pattern nor PA trader. Fact is I watch ...

Flying Dutchman

Hi FMA, I'm not a master valuator. Value intent is my trading priority. This is all I talk about and think about. It's upon me to know why price move upward or downward. The chart below has a bottom blue box, the significance is that is the ...

Flying Dutchman

Hi spzd, sitting on large drawdown is bad trading. This large drawdown is the result of tolerated risk, example 3% loss for one trade signal. Widening stops. Revenge trade after the initial stop hit. Cost averaging work wonderfully until a big hit. ...

Flying Dutchman

After the event in hindsight it becomes obvious to swing trade this G$ spike. Again, the intelligent logical trading structure is this same knowledge that market will move value below dol later today. Every pip above dol means every pip less risky ...

Flying Dutchman

To trade against that massive spike of 75% adr going into London open it requires this one intelligent logical structure, the knowledge that market will move value above dol. Cheers

Flying Dutchman

FWR, 17:48-59 "There is no global truth in trading. There is only intelligent, logical structures how you should trade." I try to talk about some of this intelligent logic here. Scalp or swing trade this G$ spike ? Cheers

Flying Dutchman

I don't hate scalping spike candles. I can scalp since I was a scalper for many years. But I don't use volume data for my scalps. Someone wrote we can use proxy tools in place of volume delta. Scalp is the same as swing trades just that it's much ...

Flying Dutchman

Hi spzd, you have turn all that negative energy into something good for yourself. Reading forums, oh yes it's at abuse level. That's why I bring up this sensitive topic. I brought up sensitive topics because getting them right form the fundamental ...

Flying Dutchman

There's a difference between a market move value that's dangerous and not dangerous in respect to risk. Professional traders know that, risk assessment is their highest priority in trading. The best trader is the one who trades the best risk ...

Flying Dutchman

Hi guys, let me give a gentle reminder about blindness which affect every trader. I wrote about the solution here. url You have a strategy that work for you, never copy someone else. The next step is to work on yourself while trading your ...

Volman meets Burke or My journey with PA

Hi Turnip, this is what I know. I know G$ will not trade above dol in London session. And market will test the all time low 1.1409 later. That's all I know. And that's why I took this 50pips trade that has no option and added. Like I wrote earlier, ...

Flying Dutchman

Hindsight chart lol, live 50pips entered near dol, added at the retrace. I've pointed to this simple logical trade many times on here, happened again. SimpleAndLogical.mt4 is my magic indicator. Lol

Flying Dutchman

Even if it's 20-30pips I won't take the trade. I don't get involve in such market. I believe we are not at optimum if we feed everywhere, anywhere and anytime. We chose our prey to feed like the animal kingdom. I use a preset fixed 15pips SL ...

Flying Dutchman

Because less than 50pips is unproductive to me. More than 50pips means the probability to hit profit target drop. 50pips for my select pairs fit just nice taking volatility and spread into consideration. When overall market volatility drop I update ...

Flying Dutchman

Just to clarify(just again lol), I don't trade patterns or indicators per se, I don't subscribe to this idea of overbought/oversold in whatever form. I don't scalp. If I don't see 50 pips potential I'm not interested. I have no idea of any ...

Flying Dutchman

A trend is a friend is mis-spelt, typo. It should be, A trend is a fiend.

Flying Dutchman

Here I'm limited to static open lines. Dynamic lines open a whole new kettle of fish. Cheers

Flying Dutchman