Rewind Back 15 Years

padutrader said:
....eeeeeeeeeeeeeeeeeeeks did you say stop...................i hate stops........i hate them even more if they trigger....i only use very very very very wide stops
but do not copy me:D....
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If using a rule based stop, eg like a % stop, increasing stop increases profits but also increases losses, back to square one, nothing was achieved.
Not sure how to get around this with fx, but with stocks I use a discretionary stop which kicks in when the whole sector has a change in mood. Basically a mkt sentiment stop and I usually apply after gathering info from EOD behaviour. Again this wouldn't apply to fx intraday trading.
One reason other than the increased labor, I dont trade intraday is because stops etc for a retail trader is too difficult to guage, just my thoughts only.
 
themickey said:
If using a rule based stop, eg like a % stop, increasing stop increases profits but also increases losses, back to square one, nothing was achieved.
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increasing stops increases the probability but unless the probability is 100% then what you say is correct.
After 12 years i know how to read the market ..the stop is there, not because i may misread the market-in that case i would get out earlier- but because some event happens which changes the market totally.
 
themickey said:
One reason other than the increased labor, I dont trade intraday is because stops etc for a retail trader is too difficult to guage, just my thoughts only.
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i have always wanted to trade intra day because i have the time to kill and i have to eat daily...i also hated, though i managed it, to hold positions for months,and live a normal life.of course the stop was in place always when i used to trade EOD.
but i always dreamed of intra day and scalping also...it was a costly dream but i am living the dream now
 
THANK YOU MR VOLPRI

am following your tip about not trading for an hour to see if the sharpness is still there.

i hope you did not patent/copywrite it but if you did please give permission i am quite willing to pay a lot to use it
 
not a perfect day but better than the past....can reflect with some satisfaction had to make two screenshots to fit in all the transactions, many transactions are reflected twice. no one will ever know what i had to go through to achieve this
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7.15 AM IST 5/8/2019
good morning world
but a special GOOD MORNING TO THE BITCH.one and only.

i hate seeing a long and dead and narrow range....gives hardly any technical insights so i am waiting .....maybe for London to open
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Why wait?
Because i was trading to learn,my learning period is over, my uncle used to ask how long will you learn and study.

now i want to trade for money and "i have only so much juice" so better to use that juice to trade in the most advantageous conditions.

that quote is from the world famous NO 1 in golf, one and only, no Tiger but still, Jack Nicklaus
 
There are many ways to understand market conditions.

many just not do care.....they wait for set ups, patterns and market internals like momentum and rate of change.And then they will open a thread with some title like "Almost everyone [or everything] is lying and there is no such...." because all these will only work in certain market conditions.
see chart.
yellow box: big bars,wide range. this is characteristic of a corrective move.

blue box : tight(er) range, one color bar bigger than the other this is a trending move.
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destriero said:
No minimum that I am aware (of).
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yep i did not believe it but you were right...see mail attached.Thanks you are kind.
also i got a measure of you....you pretend to be bad ...but in reality, you are good.....that makes you a hypocrite but it does not matter.
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