But if you apply that logic, it would’ve just made sense to short for now and then buy later when the price comes up again? Lol, which is exactly what I’m advocating? 
Lol, you can feel very sorry for me PureMuscle. I banked out and got just over $1500, I don’t think that’s too bad for a free signal. :53:
Ok puremuscle! I guess the trade went wrong as far as the signal I posted on this site is concerned(YOU WERE RIGHT, ABOUT THE VERY SHORT TERM)! So I guess I should explain how I trade cause my style is very much different from yours! I hope the next few posts will explain how I make calls and get my profits
SCALPING PLAN AND PROFITS
On any given day, if I decide to scalp, I can make about 20/40 trades and I need a broker that allows me to open opposite positions on the same currency. Look at the times for ins and outs for my trades above and you will find that the avrage is around 10mins.
I focus on profits and strategies that allows me to profit from the market— no matter the direction it takes!
Here on this platform, most people take one position and wait for their profit target to be hit and then analyze the trade success.
To be frank, I use this type of approach for medium to long-term trading alone!
In summary, It is very difficult for me to show you guys my scalping method because it may not work well with your broker or you may not have all the necessary tools for success!
For medium term trades (3days/1week), I apply the MAX/MIN method! To be successful with this method, you must place a stopbuy or stopsell order and not a stop-loss! A stoploss will only take you out before the rally! The diagrams below explain my point
Just to make things clear, remember that I am not against the current downturn in EURUSD because I am already expecting it and have trades locked in that direction. The difference between me and most traders on this forum is this: I collected profits when the price was heading up to 1.39, while keeping my position for the move to 1.335 open. Now the price is heading back down, I am adding to my profit too! So, it is very rare to see negative profits on my history.
Ok, so why do I make calls for medium term trades the way I do on this platform?
The pink and blue balls you see in the photos below, DO NOT REPAINT!!!
If price goes above a pink ball, it must fall back below the pink ball. So you must: FIND YOUr ENTRY LEVEL ABOVE THE PINK BALL, knowing very well price will move towards the level of the ball soon
If price goes below the blue ball, it must rise back above the blue ball. Find your level below the blue ball. Of course it is quite impossible to know the EXACT level, BUT one thing is sure:
Price will go back to the level of the ball!!!
Now because the blue and pink balls DO NOT REPAINT, you can be very sure that price will have to rise or fall back to the level of the ball. So even though in the very short term, the event of that happening may seem very unlikely, One must always remember that price will RESPECT THE POSITION OF THE PINK/BLUE Ball.
I must confess, I have been finding ways to use this fact to generate signals for newbies/professionals on this site but my fear is that, If I say “place stop-loss of 50pips” and price drops 100pips, people will say my signal was wrong. However, within the same week or a day later, price rallies back to the level of the ball!
For me, I tAKE profit from both sides of price movements (i) against the position of the ball and (ii) towards the position of the ball.
WHY IS THIS PINK/BLUE BARLL strategy very good?
1: You have a target level!!!
2: You have an exact point where BIG-MONEY may start to get off the train
3: Uncertainty is reduce!
How to trade the pink/blue ball strategy:
1:Wait for a ball to appear (say pink). It will not repaint.
2: The price will come back to this level in the short-medium term (3-5 days)
3: Place a stopsell some pips above the pink ball( 2x say)
4: place a buy order (x say, lower than your stopsell order).
POSSIBILITIES:
(A): If the price continues to head up, your buy order gets you profits.
(B): If the price heads back down you sellstop will lock you into profits till the next blue ball appears!
Either way, you will earn positive profit, UNLESS, price goes down creates a blue ball and quickly reverses direction before you are able to react!
Hey, I’m very sorry but i have to tell you that you’re wrong.
My awesome algorithm tells me that price is going to fall further!
Lower lows and lower highs. So don’t miss the new low.
I am not wrong about anything!
A new Low will validate my 1.335 CLAIM LAST WEEK! A claim that got me on the cross for crucification! Check the $2,000 to $200,000 post! Last page or throughout
There is a problem with your algorithm. It surely repaints!!! So, price can easily push up that white dot! It may not happen but : it is a possibility~
The approach I have presented above, DOES NOT REPAINT!!!
It gives you a SURE LEVEL FOR PRICE TO RETURN TO. You just have to enter when price is still going against the level.
Finally, I AM RAKING IN PROFIT FROM THIS FALL TOO! LAST WEEK FRIDAY, I SOLD EURUSD @ $100/PIP when the price was 1.3740. Everyone said price was heading for 1.4 e.t.c. I told people to hedge if EURUSD gets to 1.3840 and take profit above it!
Check for yourself!
So is there any algorithm out there that is close to yours? Or which one would you recommend apart from yours (that I can buy)?
i DON’T KNOW FRIEND! Personally, I do not see why people should SELL good indicators! You keep such things secret but let others know important events related to the indicator
I’m not interested as this is either outright foolish gambling or a scam.
Okay my friend, I am acting like my title here suggests:
A joke yesterday suggested a trade with 99.5% probablitly:
—snip—
EURUSD
TRADE ACTION: BUY
BUY @ 1.3748/0
TAKE PROFIT @ 1.3919/25 (>150 pips)
STOP-LOSS @ 30pips MAX!
profit/risk = 3:1
REASONS LATER.
—snap—
Right now price is at 13668. I can just warn everybody to take anything in this thread for real! Trades NEVER EVER have probabilities of 99.5%. And this trade had obviously a probability of way less than 50%. In fact, everybody who had followed that suggestion (I hope none!), made a loss.
My advice: Guys, stay away from this thread or any thread this joke opens! Reading is just wasting of precious time and energy!
OK, but the post did not ask you for something. It did not say, “let me trade for you”!
It did not say, “give me money”!
It did not say, "my approach is the best"
It did not say, I can manage you money better"
All it did was to validate a trading strategy!
Why do you people thing that anyone claiming success in forex-trading is after their money? I DON’T NEED YOUR MONEY. I am only trying to show people another possibility to trading currency; a non-familiar approach!
also known as scam. I’m out. ALL NEWBIES BEWARE!!
I actually made a good profit last night, but I didn’t follow it to 1.3919.
Hear what your saying about the probabilities though. Can I ask what you think about algorithms and what are your methods like?
Ok, thank you. But I provided reasons to show why that move was possible. No one wins 100% of the time. Even my history does not contain 100% wins but I make profits well.well
You guys asked for stoploss level and I provided you with one. I said, I use stopbuy/stopsell and not stop loss. So i haven’t lost.
Please don’t call me a joke again! If you don’t agree with my trade, say so!
I don’t use such words on you.
Most important, I haven’t forced you to respond to my post and I don’t want the MODERATORS locking my thread again; O STAY AWAY!!!
my title was ALSO “NEWBIE” back then!!!
dO YOU get all your trades right?
What matters in forex-trading is :NETPROFIT!!! Find out the meaning!
I will keep posting my trade setups, whether you like it or NOT!
There is a contradiction on the USDCHF 5MINS chart. price must fall back below the first blue dot!!! This means EURUSD must rise to 1.3787.
Obviously.