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  • #381
  • Edited 9:42am Aug 10, 2021 9:27am | Edited 9:42am
Quoting deanyakobs
Can we joint our weakness tu build small Hedge Find someday that so sexy and instragramable. Or may be sharing best idea about LOOKING PAST analysis. Question remain that you never answer my question ?
My above post somewhat answers your question about guts.

I see forex trading like a poker game.
(I watch lots of poker videos to learn how the top pros take calculated risk.)

Watch for algo "bluffs". Bet against it.

Mathematically assess the risk of the "bluff" then take on the appropriate money risk.

I trade like a poker player.

BUT I'm still learning to manage my emotions.
(If you look at the above 2 trade examples, I'm still a chicken.)

Big balls is the holy grail of any form of gambling or in this case forex speculation.

***I'm not "teaching", I'm posting on Andy's thread to share my view about algo math forex trading. And I feel it's incomplete if I don't explain how math is used to calculate the algo intent, weigh the risk management probabilities and tie in the money management as well. There's a lot of on the feet calculation going on in the head.

I'm doing this just this once.
Perhaps someone might learn something from my posts.
Know what you trade
  • #382
  • Edited 10:02am Aug 10, 2021 9:41am | Edited 10:02am
Quoting BWilliam
Made 2 bets today. One early Asian session on 4lots. The other high of the day sitting quiet till the low is taken out. Here's the thing about having the guts to take the bets. The long bet had a small potential drawdown so i went it bigger than usual. BUT I didn't have the guts to sit it to the top. I was thinking of the money and had to book the profit. No balls ! The second short trade I knew it's a bearish daily red candle, so had no problem to take the bet but I had to focus on the entry to risk manage the trade. Again I didn't have the...
nice trades - this is amazing to have daily bias, i am working on it too..

Since i have focused on accuracy first, so now learning intent and daily bias.

accuracy X intent = holy grail

when one needs to pick cherries confidence grows automatically, and closing loss trades are much easier.
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"Exchange of hands"
  • #383
  • Edited 9:56am Aug 10, 2021 9:46am | Edited 9:56am
Quoting BWilliam
Made 2 bets today. One early Asian session on 4lots. The other high of the day sitting quiet till the low is taken out. Here's the thing about having the guts to take the bets. The long bet had a small potential drawdown so i went it bigger than usual. BUT I didn't have the guts to sit it to the top. I was thinking of the money and had to book the profit. No balls ! The second short trade I knew it's a bearish daily red candle, so had no problem to take the bet but I had to focus on the entry to risk manage the trade. Again I didn't have the...
Just now bought 1.373.. and closed it already. I knew that it won't go below 1.38200. Now I feel like it's going 10 pips lower again. (Yes, it's coming) Definitely buy again . I totally agree with you regarding the accuracy. I can sit whole day underwater if I know the intention.
Do what is best for you. It's not necessary to make live calls. Only profit matters.
Great entries btw
Your second take profit is where I bought and TP
  • #384
  • Aug 10, 2021 9:49am Aug 10, 2021 9:49am
Quoting mixedbags
{quote}
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will closed now before spread widen
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this look like market profile strategy but it is not. It is based on some magical rectangles, satanic triangles and voodoo FIBO
inspired by George's puzzle.
  • #385
  • Aug 10, 2021 9:54am Aug 10, 2021 9:54am
Quoting mixedbags
{quote} {image} this look like market profile strategy but it is not. It is based on some magical rectangles, satanic triangles and voodoo FIBO inspired by George's puzzle. {image}
Hi mixedbags, nice trade. When I saw your first 2 trades I thought this is before midnight entry to early morning exit. Do you sleep or not ?
Know what you trade
  • #386
  • Aug 10, 2021 9:57am Aug 10, 2021 9:57am
Quoting BWilliam
{quote} Hi mixedbags, nice trade. When I saw your trade I thought this is before midnight entry to early morning exit. Do you sleep or not ?
I woke up 4am every morning and cycle 60km.
  • #387
  • Aug 10, 2021 10:02am Aug 10, 2021 10:02am
Quoting bilal1947
{quote} nice trades - this is amazing to have daily bias, i am working on it too..
Bearish red candle, sell signal again. I didn't take it.
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Know what you trade
  • #388
  • Aug 10, 2021 10:04am Aug 10, 2021 10:04am
Hi BW

from your experience can you tell me why this move happen in between
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"Exchange of hands"
  • #389
  • Aug 10, 2021 10:05am Aug 10, 2021 10:05am
Quoting mixedbags
{quote} I woke up 4am every morning and cycle 60km.
Amazing !!!
"Exchange of hands"
  • #390
  • Aug 10, 2021 10:07am Aug 10, 2021 10:07am
Quoting bilal1947
Hi BW from your experience can you tell me why this move happen in between {image}
Price is in the corner. And it has no fuel to the direction which is riding.
  • #391
  • Aug 10, 2021 10:08am Aug 10, 2021 10:08am
Quoting BWilliam
{quote} My above post somewhat answers your question about guts. I see forex trading like a poker game. (I watch lots of poker videos to learn how the top pros take calculated risk.) Watch for algo "bluffs". Bet against it. Mathematically assess the risk of the "bluff" then take on the appropriate money risk. I trade like a poker player. BUT I'm still learning to manage my emotions. (If you look at the above 2 trade examples, I'm still a chicken.) Big balls...
Lol you seem a little more enthusiastic and positive about the possibilities of trading these days compared to your depressing posts i remember from the FTMO thread.
Do you still hold your previous stances about the conditions of those challenges being almost impossible to achieve?

Do you believe there are traders out there who have the balls to bet big when their trading systems (in which they have built confidence over time) dishes out solid signals?
  • #392
  • Aug 10, 2021 10:15am Aug 10, 2021 10:15am
Quoting bilal1947
Hi BW from your experience can you tell me why this move happen in between {image}
That's the washing machine algo illusion that confuse traders. The move is so choppy and so quick bottom to top to bottom snappy move. I knew that sort of thing is coming so I bailed out the first instance price break bottom.

Here's the thing that's invisible to the traders. Price is caught with a algo level at the bottom that it tries to break since nfp. So far it has hung around that area BUT there's no intent to break it yet. So Andy's long term target has to wait a little longer.

At the same time since algo has committed since nfp to break bottom target, it set a top zone not to go above marked by my short trade entry.

There's this weird combination of reluctant to break bottom yet therefore it attracted lots of buyers wanting to go long. Now this last sharp swing north shakes the confidence of the buyers and price can now drift downwards. Whether it break or not IDK but be careful from tomorrow onwards. Algo might do a turn around to test the 28.07 high again. That's why I ask at the start of the week this question.
Quoting BWilliam
With all this bearish sentiment since nfp, is there anybody who thinks the Gbpusd weekly candle is green?
Given how the market move today there's no way to analyse price with indicators, PA, FA or whatever. People need to take todays example to realise this market is not fundamentals or supply demand driven.
Know what you trade
  • #393
  • Aug 10, 2021 10:25am Aug 10, 2021 10:25am
Quoting BWilliam
{quote} That's the washing machine algo illusion that confuse traders. The move is so choppy and so quick top to bottom snappy move. I knew that sort of thing is coming so I bailed out the first instance price break bottom. Here's the thing that's invisible to the traders. Price is caught with a algo level at the bottom that it tries to break since nfp. So far it has hung around that area BUT there's no intent to break it yet. So Andy's long term target has to wait a little longer. At the same time since algo has committed since nfp to break bottom...
washing machine spin lolz, how to know when its going to stop and begins.
"Exchange of hands"
  • #394
  • Aug 10, 2021 10:29am Aug 10, 2021 10:29am
Quoting Koop
{quote} Lol you seem a little more enthusiastic and positive about the possibilities of trading these days compared to your depressing posts i remember from the FTMO thread. Do you still hold your previous stances about the conditions of those challenges being almost impossible to achieve?
I believe 5thers summer plan is impossible to pass. If ever it takes a long time to do it.

Quoting Koop
{quote} Lol you seem a little more enthusiastic and positive about the possibilities of trading these days compared to your depressing posts i remember from the FTMO thread. Do you still hold your previous stances about the conditions of those challenges being almost impossible to achieve? Do you believe there are traders out there who have the balls to bet big when their trading systems (in which they have built confidence over time) dishes out solid signals?
Ofc there are traders who have big balls to bet big.
To me as I have written earlier, big balls is the most important factor to be a truly successful trader, the holy grail.
The technicalities can be taught but the trader needs to have the guts in him.

BUT I'm still learning how to do that. Work in progress.
Know what you trade
  • #395
  • Edited 10:48am Aug 10, 2021 10:36am | Edited 10:48am
Quoting BWilliam
{quote} My above post somewhat answers your question about guts. I see forex trading like a poker game. (I watch lots of poker videos to learn how the top pros take calculated risk.) Watch for algo "bluffs". Bet against it. Mathematically assess the risk of the "bluff" then take on the appropriate money risk. I trade like a poker player. BUT I'm still learning to manage my emotions. (If you look at the above 2 trade examples, I'm still a chicken.) Big balls...
T H A N K S bang .....

always LEARN here
especially learn to shut up my mouth

and
Very amazing the bluff action everyday to sew saw my visual brain
Amazing zero game of perception INDEED

SUPREME SOUL ON PRICE BEHAVIOUR

Lets peepz come to us
Risk safe

I'm keyboard warrior
always ignore my post

  • #396
  • Aug 10, 2021 10:37am Aug 10, 2021 10:37am
Quoting bilal1947
Hi BW from your experience can you tell me why this move happen in between {image}
It's worth marking out the important session levels, IE asian range low and New York open- these are the two levels that were hunted for the news release before ending up where it was going anyway. Asian range levels are hunted every day usually both ways
  • #397
  • Aug 10, 2021 10:40am Aug 10, 2021 10:40am
Quoting mixedbags
{quote} {image} will closed now before spread widen {image}
Interesting use of Fibonacci - where did you learn this method if i may ask?
  • #398
  • Aug 10, 2021 10:49am Aug 10, 2021 10:49am
Quoting mysterio
{quote} It's worth marking out the important session levels, IE asian range low and New York open- these are the two levels that were hunted for the news release before ending up where it was going anyway. Asian range levels are hunted every day usually both ways
Thanks Mysterio, today gbpusd did that but some times eurusd does and gbpusd stays calm ... how to figure it via correlation among currencies.
"Exchange of hands"
  • #399
  • Aug 10, 2021 10:54am Aug 10, 2021 10:54am
Quoting BWilliam
{quote} ***I'm not "teaching", I'm posting on Andy's thread
Andy is a good person , please you can teach me.
"Exchange of hands"
  • #400
  • Aug 10, 2021 10:54am Aug 10, 2021 10:54am
Quoting bilal1947
{quote} washing machine spin lolz, how to know when its going to stop and begins.
U will find mr. B1947

Thanks for all your post Mr. B
ICT is my best combination with MR. G

The beutiful minds
VERY BEAUTIFUL
no words
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