fib. expansion and retrace in forex
- Thread starter shopster
- Start date
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A,
the purpose of this thread is to show recurring patterns.
the hard right edge and how it plays out is always an unknown.
trading is all about consistency in trigger pulling and risking 1% or less of your trading equity.
trade small to start
trade nickels and dimes to make dollars,,,,,
by doing hundreds of trades you will dial it in and find your niche.
it is a skill set each trader needs to develop over a life time.
cheers,
d
the purpose of this thread is to show recurring patterns.
the hard right edge and how it plays out is always an unknown.
trading is all about consistency in trigger pulling and risking 1% or less of your trading equity.
trade small to start
trade nickels and dimes to make dollars,,,,,
by doing hundreds of trades you will dial it in and find your niche.
it is a skill set each trader needs to develop over a life time.
cheers,
d
S,
thanks for your reply
yes i do understand that. i m not asking for the food on my plate.
i just looking for answers and help and i really appreciate your answers so far.
if i m becoming annoying or consuming your time please let me know and I ll stop posting.
finally the 1st trade hit my TP.
Athan
Quote from shopster:
" Then once you have the basic system, testing is done in different settings for different periods in the market........"
.........................................
yb,
nope.
a complete waste of time
the cycles of the game go in and out of phase
all depends on how the " big dogs piss in the tall grass " on a daily basis.
read hurst, ehlers et al.
once you learn to read the market signage offered up in live time you get to win.
the banks reset the game and have a 5 day plan.
they clear the board , blow out the stops and load up the retail pendings for the breakout guys at both ends of the channel box.
then they move the price action out for the next 3 levels of rise / fall.
while you sit there licking your wounds on your latest 25 tick stopped out trade.
" stuffing a digitally coded sack of rules that have been curve fitted up against a chunk of historical price data " and then running it in a live market .......is a death spiral that will suck your equity dry.
get your head wrapped around this........
the forex market news has absolutely nothing to do with the direction of the game.
there is a 5 day plan that starts to execute on sunday nite open and runs for the entire week.
DT and DB setups will trump everything else in forex.......catch these and you get to win.
support and resistance rules this game.
they test and retest the price to the " left side of the hard right edge..."
if you cannot see these setups, you are doomed to fail.......
back to the lion's den to snack on the next breakout trader.
cheers,
s
.........................................
i posted this in another forum.
Ea guys talking about the latest flavour some clown is going to code up, doomed to failure.
get your heads wrapped around this.
this is how the game worxs until further notice....
study this thread , nothing has changed for me in 35 years playing the game.
seasons greetings.
cheers,
s
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