Recent content by chrh1234

Just some doing some self reflection on a quiet friday night. I am going to talk about a very contraversial and difficult topic. Regarding indicators. A lot of the thoughts here are both my reflections + research + experience creating indicators. There are 2 types of indicators ...

Not feeling well today. And the year is ending soon. Decided to close the position. In profit anyway.

So I decided to take profit off shorting gold. I also had a short AUDUSD running. The profit from gold will act as a stop loss buffer so that my capital loses nothing. Lets see.

True. I will think about it. Thanks.

Let's clarify the term 'market maker'. What I know is that everyone is the market maker so long he/she enters the market. Doesn't matter if big or small player, but I look for where the losers are. What is your definition?

Nice auto indi! I was taught that way, it works so far as I see it. I am somewhat aware of price moving because of market maker / winners vs losers. Maybe you can show me in detail what you see?

Nice! Another oil trader => Very nice Shopster. I see lots of supply and demand zones. You look for extremes in market sessions, box them up Pauses in price are also valid. The more confluence the better bounce that can be achieved. Do you draw these boxes automatically or manually...

Trying to short gold live now. Gold is : + at the daily high + retraced a certain amount + trying to bounce off a line in the sand my indicator drew automatically + try to return from an oversold position to the quarterly trend channel my indicator drew automatically (again) Pretty...

All right. Enough play. Taking the profit =>

I came home with a surprise. Should I take profit? HMMMM! Nah. I have time to sit.

Not bad. The position survived over the weekend and even earned abit of Carry Trade interest. Lets see what happens. Its been 4 days and counting (including weekend).

Nice. Although the more important chart is the 1st one. Do you think it can help you make decisions faster during live trading? Like, do those lines tell you the story of price better? Or the lines are actually distracting you? Would love your take. Thanks.

All right, noted with thanks!