BEAUTIFUL WEEK. I haven’t had the time or focus left to post because I am working on Forex On Fire’s promotional stuff, its instagram, developing my marketing skills, bumping onto proof again and again that the thing you wanna do the least is actually the thing you need to do the most as said by Steven Pressfield in his book War of Art.
I have for the first time in life managed to go from being COMPLETELY incapable and too weak to get off the bed after even 10 hours of sleep every single miserable day to working 15-19 hours a day this week every single day, being able to jump off the bed wayyyyy more effortlesly compared to 6-7 weeks ago…for two reasons:
- I downloaded Alarmy on my phone that it wont shut the f$$$$ up unless you either solve math problems, shake it hundreds of times or take pictures of barcodes. The intolerable grogginess disappears like no other super quickly.
1b. I bench press and pull-up hard around 80-90 kgs 5 reps, 3 sets, finish off the set weight-free and also 1000 skippings all in empty stomach first thing in the morning. Sometimes I might take a few sips of alcohol like Winston Churchil who would finish a whole bottle of whiskey before breakfast or Charles Bukowski.
- I have finally realized after repetitive and long 10 hours DAILY exposure to studying forex and business, that there is a bunch of $$$ to be made thanks to the Forex on Fire crew. They are literally( im not overexaggerating) the upcoming Uber, Amazon, Alibaba, AirBnb , Netflix of forex signals. What a motive! Jesus Christ.
Back to my strategy, AMENDMENTS have been applied as I have watched that video by No Nonsense Forex about Trailing Stop saying that he doesn’t even have a solid reason why he has set his trailing stop to be executed under the rules he explains in his video, he just does. On top of that and most important, is that he says that the trailing stop should be so far away that it won’t be triggered before his exit indicator signals an exit. He only places that trailing stop there in case of extreme events.
Therefore I thought to myself, what;s the reason he has to move SL at BE and close half position at TP1:ATR(14)D? Why wouldn’t he think the same way as the Trailing Stop aspect of his algorithm where he has built his algorithm in such way such the Exit Indicator signals exit before price hits the Trailing Stop??? He might as well completely drop closing half and move SL to BE and simply wait for his exit indicator to tell him to exit, ain’t it bruv?
That has been reinforced by the fact that a few of our signal providers such as FX GOAT, UK PRO, FX Key act different when price hits TP1.
FX Goat only moves SL to BE, UK PRO has 5 TPs and their trader Rana moves his SL at previous level when next level is hit, Key doesnt move SL and takes 70% off TP1 and 20% off TP2.
So why stick to VPs ‘close half move to BE’ method while he calims to be ADD+exits his trade before it hits SL+there are other succesful traders who use a different variation? Possibly he’s got a blind spot scotoma in this case therefore no more scale-outs in my system.
Next point regarding my amendments is that I have also discarded Darth Kankle’s and Janine’s algos because Darth’s VQZL and Janine’s Fx Fish take ages to react to price and im left behind many lost pips and by the time im in and the QQE Histogram signals an exit, im already in loss.
In addition, Darth and Janine algos were registered for that contest that happened 6 months ago, and since then a lot more research has occurred by the NNFX members resulting in discovering much better indicators, such as the QQE Histogram.
I have noticed that QQE histogram is great for both entries and exits with its 2 MAs crossovers. HOWEVER, I cant bet my balls that it’s the best indicator or/and with the optimal settings so this is where I need you guys the readers of this thread to jump in and help me (as per the basic intention of starting this thread) because ain’t no doubt that this trade idea of mine is CRACK SOLID in its core. I believe it as much as Ford in the book Think and Grow Rich where he strongly believed that the 8 cylinder engine was so possible even after his top engineers were so against, and eventually, there they have created the 8 cylinder engine.