What Really Turned My Trading Around

[FringFX]

Relativity,
just glancing at the first page now.
how do you compute those stats? I am not that good in math but it's interesting.
Thank you for sharing!

[FringFX]

lol I was in the same position as you, I excel at math, but I had the hardest time realizing what was being said in those numbers. I will try to explain what I see and hopefully relativity can confirm or disconfirm.

Thank you for your effort. It may take time but I will try to absorb all these, ha!

[Relativity]

Relativity,
just glancing at the first page now.
how do you compute those stats? I am not that good in math but it's interesting.
Thank you for sharing!

Just the basics :

Averages
Frequency Distributions
Standard Deviations

Google them. Not that hard to figure these basics out. I don't like math myself too much, so I do the programming and let the indicators do the math for me.

[Relativity]

lol I was in the same position as you, I excel at math, but I had the hardest time realizing what was being said in those numbers. I will try to explain what I see and hopefully relativity can confirm or disconfirm.

the first stat pic:

IN the first stat, where wicks and bodies are measures, the D1 wick median falls within the ballpark of 20 pips, the mean is also in the same ballpark at about 36. You know that price reaches a certain point, and then retraces about that amount all the time, because that's what a wick is by definition. Price went there and came back (retracement)

Now with the bell curve, I still have a hard time really understanding it in my bones, but what I see is that the distributions of the wicks and bodies remain about the same all the way through. The wicks on the other hand, have a highly skewed dist. with a 20 pip ballpark falling right about the midpoint. At 20 pips it has a decision to make : keep going, stop, or go back.

Second stat:

M5 and M15 barros swings fall within the 20ish pippin zone. the important part to note here is that by the nature of the swings, a 5 min swing which is 20 pips can continue onwards into a H1 or H4 swing. Realizing that the average candle it 1/4 wick 1/2 body and 1/4 wick, look at the swings as if they were candles and think about it. What is happening?

Third stat:

This is calculating the "speed" of each candle TF, essentially relating time to what you already know about candle length and space.

You have to sit and meditate on these numbers to really see what they mean, I have done so for hours and hours. Sometimes it is maddening because you can't wrap your thick head around it, but just keep trying and understanding little bit by little bit until it all makes sense. I know it took me a while, and I'm sure it took relativity a while as well, after all read his first post about his past days of trading..

=>

[slfocus]

Basically, the bell curve shows when price moves 20 pips. Its a significant move coz it can either 1-continue 2-stop and reverse 3-stop and reverse 20 pips and come back again. #3 happens 60% of the time. 40% of time #1 or #2 happens...

(this is quoted from the first page.... sorry guys, I have to get this injected to my bloodstream so that I can become invisible... )

1. "When price moves 20 pips....." - Price always moves 20pips easy.... so whats significant? The move mentioned here, is it in the same direction or opposite direction?
2. "...Its a significant move coz IT can either 1-continue 2-stop and reverse 3-stop and reverse 20 pips and come back again." - If 'IT' means the price and NOT the trend; how would you explain the same points(#1,2 and 3) in the context of trends and directions?

I'm trying to correlate trends with this 20 pip move.


Thank you

[Relativity]

(this is quoted from the first page.... sorry guys, I have to get this injected to my bloodstream so that I can become invisible... )

1. "When price moves 20 pips....." - Price always moves 20pips easy.... so whats significant? The move mentioned here, is it in the same direction or opposite direction?
2. "...Its a significant move coz IT can either 1-continue 2-stop and reverse 3-stop and reverse 20 pips and come back again." - If 'IT' means the price and NOT the trend; how would you explain the same points(#1,2 and 3) in the context of trends and directions?

I'm trying to correlate trends with this 20 pip move.


Thank you

Heres something simple so that you can see it on a practical level.

Put up a H1 chart and Boilinger Bands indicator with 8 MA setting.
Measure the size of the band when at its minimals and how price breakouts. You should see '20 pips' screaming at you.
Now, put up barros swings indicator with M15 swing + H1 swing
Measure the price retracements when the bands at at maximum. Notice that a price retracement also looks like a breakout, but of a different kind. You should see '20 pips' screaming at you (again).
Observe how the swings also quantify the breakouts as well. You should see '20 pips' screaming at you (again).

[DeltaSkelta]

relativity, I am wondering how many trades you take on average for a single pair? Take something like the EURUSD for example, how many setups would you say you get on the average day?

[Relativity]

relativity, I am wondering how many trades you take on average for a single pair? Take something like the EURUSD for example, how many setups would you say you get on the average day?

1 good swing
1 to 5 scalps (if i'm trading the session)
1 to 5++ scalps (if i'm trading the whole day lol)

Depends really, but I try to always get 1 good swing worth 20 to 60 pips, since there is only 2 extremes per day.
-winner's wick -> body
OR
-loser's wick for today -> winner's wick for tmr's D1 -> body for tmr's D1

[Relativity]

Live Trades | Forex Income Map

I swear that this guy is way better than me. He catches those 20-60 pips like I do, but on a naked chart. Ekkk =>

I LIKE <3

[DeltaSkelta]

Is that a new method to eliminate the pair and just focus on one currency? Nice idea.

If you look at the USDxxx graph, you'll notice that it looks just like the graph of the overall US indexes, I don't know if you have looked at this yet, but it is pretty much the exact same.