TYG's Story: Thoughts, Trades and Technicality

[tomo22]

thank you @TYGMedia.

also i was wondering if you could review this peice of JS. im having some trouble. Im not sure if this is the correct way to do it but here.

(console view)

[brainchild2]

@TYGMedia

Thoughts: The Brief

During trading times, I’m always having a feeling there is something missing to analyze market properly. The feeling becomes my reason to dig more into the market in detail. It turns to an obsession that need to be manage to avoid the imbalance in my life.

For some, forex is just an activity to earn something and just stick to what workable, that’s it. I can’t hide my curiosity about how it work and every single aspect of it. This is the reason that form the purpose of my life.

I have adopted many techniques a long the time. I haven’t found any superior methodology that work well. I joined many courses and have many mentors since 2005. The result is none of them good. I even bought the most expensive course at the time with no result, when I asked more, they just offered me to buy advance courses to get answer. In the end, all of the courses just teaching something useless. Until one day, I met an old fellow who told me something simple, and this simple advice clear out my doubts, expectations and lead me to have deeper market understanding.

The key factor in trading is all about market structure. Price Action is the oldest technique and yet still valid up to now. The problem is how we know we learn the real price action, we have so many variation of price actions are being introduced in the market. The answer is when the person can tell what macro and micro chart are, liquidity block, time analysis, risk and probability then the lesson becomes worth to be listened.

Once we understand about market structure, then we can start to deploy our trading methodology. It must be inline with the condition of market structure. They work together giving trading stats. When the trading stats is good, then you can design proper money management that fit your financial condition and finally starting to growth your wealth.

It sounds like you’ve had quite a journey in the trading world, with many ups and downs. Your discovery of market structure and price action is a valuable breakthrough. Understanding these fundamentals, along with liquidity, time analysis, and risk management, is essential for long-term success. Stay focused!

[TYGMedia]

@tomo22

also i was wondering if you could review this peice of JS. im having some trouble. Im not sure if this is the correct way to do it but here.

Hi @tomo22 , nothing wrong with your code

It’s just how to define a function and how to use it.
If you are certain, you don’t need to write Age frankly. Just type greet (‘john’, 30); will be enough.

[MARTENZIC]

I have lost nearly $70k in a retail business, and yes, it’s true that when we open a retail business, we lose a lot of money upfront, and there is no guarantee, that the business will give us some handsome return. Most of the time, having BEP is already considered a good achievement.

That is why I prefer to stay and stick to Online Trading.

[TYGMedia]

Trades: EURUSD, Market Race for an Opportunity

EURUSD: An Opportunity to Buy for ICMARKETS:EURUSD by TYGCL — TradingView

[TYGMedia]

@MARTENZIC

I have lost nearly $70k in a retail business, and yes, it’s true that when we open a retail business, we lose a lot of money upfront, and there is no guarantee, that the business will give us some handsome return. Most of the time, having BEP is already considered a good achievement.

Hi @MARTENZIC, forex is actually very similar with others business. But most of us think of forex easier because of it generates money faster.

Btw, nice to know you … we are from the same country

[tomo22]

hi @TYGMedia, whenever market creates equal highs and lows, how do we depict and distinguish whether that equal high/low will breakout?

is it waiting & watching for ranging? confused here will test this

[TYGMedia]

@tomo22

hi @TYGMedia, whenever market creates equal highs and lows, how do we depict and distinguish whether that equal high/low will breakout?

Hi @tomo22, when market creating equal H/L, that means on the particular TF, market is ranging. Our mindset should have moved to HTF automatically. We look at the current location of ranging on HTF. Find out structure on HTF.

When on HTF it’s in the middle, it’s staying on its equilibrium spot. When it’s during a trend, you have to find what scenario is the best: RBR, RBD, DBD, DBR.
Thing gets easier when it’s close to an SnR. We can have better stats.

When no scenario matches, just don’t do anything

Like EURUSD, we just wait until there is a visible range. It takes few days. So no rush to step in the market. If you do averaging, it’s a nice spot to start long, do it when you have a proven money & risk management.

Remember … everything i write here is not advice at all. It’s for educational purpose.

DYOR is a must

[TYGMedia]

Trades: GBPUSD Possibility Movement

GBPUSD: Movement Possibility for ICMARKETS:GBPUSD by TYGCL — TradingView

[tomo22]

hi @TYGMedia, sorry for the late reply i have been busy with my new job. thank you for this advice.

what’s your thoughts for EURUSD i think we have to wait since ranging is occurring on 1hr TF, we are near SNR so it makes things easier like you said above. I think market is going to reverse, (DBR) looks like other CFDs are calming down from the US election (BTC) which is also currently ranging.

we shall see though

when averaging is it correct to say its best point to start a buy is at a POI? Also is averaging always good?