{quote} Cool cool, expecting gold to drop more?
{quote} You are doing great. I would like to know what you are doing, calculating. I have not traded cryptocoins.
Observer effect
Most volatile EU/GU/XAU/BTC trading
- #881
- May 27, 2022 2:53pm May 27, 2022 2:53pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
- #883
- May 27, 2022 3:33pm May 27, 2022 3:33pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #884
- Edited 6:09pm May 27, 2022 4:43pm | Edited 6:09pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
- #886
- May 28, 2022 3:50am May 28, 2022 3:50am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #887
- May 28, 2022 1:24pm May 28, 2022 1:24pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #889
- May 29, 2022 1:25am May 29, 2022 1:25am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
@ryuryu Why no entry where I marked in black with the vertical line? 1) price above EMA6 high --> Yes 2) you have distance from other EMAs --> Yes 3) you have delta flip --> Yes Maybe because your indicator at the bottom (I'm guessing is volume) is still orange? Thanks {image}
Of course if you wish you can take dark green, green and gray. They are good. But there are so many coins around so there is no need to jump into any signal.
But you right it was very good place to enter, because the distance was very big (red line), the volume was huge. The only thing that was not met is the volume of flip. It is easy to say now that it was good place, in real trading you don't know what will happen next. And you have no time to analyze all the things at once and make your decision. So I prefer just skip such an entries. No regrets if you miss few. You can't earn all the money in the world
Observer effect
- #891
- Edited 6:47am May 31, 2022 6:32am | Edited 6:47am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Let's talk about volume again.
How to check the volume of an asset in $? And why it is important.
How to check: You must multiply average volume on current asset price (ask, or big - doesn't matter much).
For example:
GMTUSDT, average volume is 265474, in $ it is 315171$
Why this is important? Because on forex and especially on demo forex you can trade literally billions. Like guys trading 5-10 lots on GU, where 1 lot > 100000$.
In real life everything has its limits.
I prefer trade 1/100 of asset volume. It helps to "hide" your trade. For example on GMT I'll trade with 3150$. If I want to trade 10k, I'll trade on 3 assets at once, or I can trade on several exchanges at once and so on.
So real trading is a little bit more complicated then drawing fancy lines on historical charts and post bullshit with serious faces. Before you start your trading day you have to prepare: make some calculations, filter out what you want to trade and so on.
People ask if it real that 95% of retail traders lose? Ha! Check FF. There are new thread with guy who draw lines in mt4 for 13 years. Of course 95% lose. I'm curious that not 99.9% in this case. Imagine: 13 years of "trading" but zero knowledge of what is the difference between market and limit orders, how market works, how volume affect it. He can't answer simple question how margin calculated. Nothing. Zero. Null. He learned for 13 years only how to draw lines form previous high/low and how to call them support and resistance.
How to check the volume of an asset in $? And why it is important.
How to check: You must multiply average volume on current asset price (ask, or big - doesn't matter much).
For example:
GMTUSDT, average volume is 265474, in $ it is 315171$
Why this is important? Because on forex and especially on demo forex you can trade literally billions. Like guys trading 5-10 lots on GU, where 1 lot > 100000$.
In real life everything has its limits.
I prefer trade 1/100 of asset volume. It helps to "hide" your trade. For example on GMT I'll trade with 3150$. If I want to trade 10k, I'll trade on 3 assets at once, or I can trade on several exchanges at once and so on.
So real trading is a little bit more complicated then drawing fancy lines on historical charts and post bullshit with serious faces. Before you start your trading day you have to prepare: make some calculations, filter out what you want to trade and so on.
People ask if it real that 95% of retail traders lose? Ha! Check FF. There are new thread with guy who draw lines in mt4 for 13 years. Of course 95% lose. I'm curious that not 99.9% in this case. Imagine: 13 years of "trading" but zero knowledge of what is the difference between market and limit orders, how market works, how volume affect it. He can't answer simple question how margin calculated. Nothing. Zero. Null. He learned for 13 years only how to draw lines form previous high/low and how to call them support and resistance.
Observer effect
- #892
- May 31, 2022 11:27am May 31, 2022 11:27am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #893
- May 31, 2022 3:27pm May 31, 2022 3:27pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
That's how that F scammers scam you.
Remember one thing: if guy say that he trade for 13 years with "lines" on the chart he is F scammer.
I just asked that little scammer 2 questions:
Observer effect
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- #897
- May 31, 2022 7:15pm May 31, 2022 7:15pm
- Joined Sep 2015 | Status: Trader | 2,516 Posts
Trading thin liquidity at the boundary of the charts
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- #900
- Jun 1, 2022 12:33am Jun 1, 2022 12:33am
- | Membership Revoked | Joined Nov 2020 | 2,353 Posts
Real Trading is not gambling.