What Really Turned My Trading Around

[Relativity]

yes thenx i was having the problem of platform hanging am using windows xp
seriously no wonder many people fail in fx coz its no easy road but i shall reach there thenx rela for the thread
av tried the links but they r in a diff language not englishdo u know how i can select english language thenx

Which links?

[njokie]

Which links?

its this links Форекс Форум трейдеров Академии «MasterForex-V» but i noticed they are a link to the sites you have so probably ad have to findout that elsewhere but incase you know u can help

[Relativity]

its this links Форекс Форум трейдеров Академии «MasterForex-V» but i noticed they are a link to the sites you have so probably ad have to findout that elsewhere but incase you know u can help

I didn't link to the forums directly. ATM I only link to MF's english based pages. Those are indirect links. I will provide no support / help from that point.

[njokie]

I didn't link to the forums directly. ATM I only link to MF's english based pages. Those are indirect links. I will provide no support / help from that point.

yes i noticed u dint link to the forum directly i noticed later

[DeltaSkelta]

the stats indicator is this one:



Also, just a heads up, installing mt4 outside of program files did not completely solve the problem, (I believe in program files it was not creating the .ex4 file which made it "not responding" when the chart was live) but it still hung up when the barros swings was active, and it also only printed swings for a small timeframe, like until June 26th. So I just downloaded a different barros indi and used the different timeframes individually instead of two at once. It seems to work the same in case anyone else was still having problems with the modified barros.

Also, one issue I am having that I thought I understood well pertaining to the first page of the post. I just need to make sure I understand it so I can move on with some certainty.



Did I miss anything super important in this picture? It seems to be all about catching the retracement when there is one to catch



If I am right here, then couldn't the 20 pip theory be applied to even bigger timeframes? of course the number would be larger than 20 pips, but the theory would remain the same, correct?

I hope I have understood these, I have put quite a lot of time into looking at them and thinking about what the numbers mean, please let me know if I am way off.

Thanks, if I get this down and start making bank, I'll fly out and buy many rounds of drinks, lol. Thanks for being a mentor to us all.

[Vodka]

You can try google translate on it.

[njokie]

Fibs are not a self fulfilling prophecy. Because not everyone plots/visualises their waves/swings the same way. The root problem matters.

Enter at break
Take R:R around 2:1 to 3:1 or more, especially if the break came from a narrowing channel where price just wants to get out
Wait for pull back
Enter again at return bounce
Take R:R around 2:1 to 3:1 or more
Repeat

iam reading this am trying to figure out last fridays breakout move using the channels where pricewants to break out am i correct in drawing the channels?relativity
its amazing every time i reread the thread i get something new

[DeltaSkelta]

*bookmarks*


To be precise, I am actually more interested in the greeks => I get the concept right, but I just need the proper methodology to apply it.

ooooh, now your talking my language, I have been into equities options for some time, I would love to start a discussion on the greeks to further both our understanding if you would like.

P.S. check my screen name brah.

EDIT: I pulled about 50% ROI in ten minutes this morning trading AAPL options forex is just a new hobby of mine, I'm trying to get a feel for everything to be competent in all areas of the market even though I may only specialize in one or two instruments.

[Silver1surfer]

[QUOTE=Relativity;367739]A list of tools I have now :

Primary (to see overall picture) :
- H1 Chart / D1 Chart
- Customized 'Universal' D1 and W1 Candles that overcome timezone differences problems. (meaning, finding and using the actual open for the day / week)

Hi Coach
>> Have a question on the actual Open for Daily, Weekly and Monthly, is there a place that you can get this from, as a standard value set periodically... is this published in a list anywhere for currency pairs... how do you get the actual values ?! - Am I missing something... not sure if I grasped it from the thread...

Cheers
Silver

[Relativity]

the stats indicator is this one:



Also, just a heads up, installing mt4 outside of program files did not completely solve the problem, (I believe in program files it was not creating the .ex4 file which made it "not responding" when the chart was live) but it still hung up when the barros swings was active, and it also only printed swings for a small timeframe, like until June 26th. So I just downloaded a different barros indi and used the different timeframes individually instead of two at once. It seems to work the same in case anyone else was still having problems with the modified barros.

Try force loading enough M1 / M5 / M15 candles or lower the number of trading days you are looking at. My later versions will prompt the user to force load.

Also, one issue I am having that I thought I understood well pertaining to the first page of the post. I just need to make sure I understand it so I can move on with some certainty.

Did I miss anything super important in this picture? It seems to be all about catching the retracement when there is one to catch

Yes, this is the core of it all; catching the retracement that will eventually happen if you are patient. Its small, but high probability when coupled with basic volume analysis, general SR analysis, trendlines, channels, MP...etc. I've given enough examples of those.

This indicator has 2 bugs ; I should ignore the sunday/saturday bars + the std dev calcs got screwed up somewhere. Heres the corrected indicator's data (I do lots of updates on my own suite of indis) :

I don't see the 'concept' of '20 pips for a D1 wick' going away. Do you?

If I am right here, then couldn't the 20 pip theory be applied to even bigger timeframes? of course the number would be larger than 20 pips, but the theory would remain the same, correct?

I hope I have understood these, I have put quite a lot of time into looking at them and thinking about what the numbers mean, please let me know if I am way off.

Yup. Spot on. The bigger the timeframe, the larger this retracement is bound to be. With some 'luck', this retracement creates a winner's wick + a candle body = more profit. Otherwise, one should be happy enough with 20 or so pips from anyway, starting from D1 and not lower TFs.

So in a sense, it qualifies to a trader the importance of analyzing at least a D1 chart or higher to see the overall trend (or at least acceptable variations of it, like H5 swings). Anything lower (e.g. H1) is really about finetuning entries. Newer traders need to be convinced about this (IMO very important), since many are more likely to be tempted into analyzing timeframes lower than D1 / scapling.

Forex Trader Mark McRae: Part 2 - YouTube

So what is a retracement of a higher TF. Zoom it back down, its a breakout/trend of a smaller TF. Thats what these statistical curves are talking about.

Thanks, if I get this down and start making bank, I'll fly out and buy many rounds of drinks, lol. Thanks for being a mentor to us all.

LOL! => No probs! My pleasure.