Maybe that is why 90 percent of retail traders lose money. I think the most important aspect of trading is hidden from us. That is why i asked what is responsible for the movement that we see on our charts because they tell you that for every buyer there is a seller, if true why is it that such huge percentage of traders lose money. Thats why sometimes when i’m about to enter a position i look at the number of traders buying and selling at FF or Oanda. I’m more comfortable if i’m not on the side of the majority. It still baffles me what causes the movement that we see on our charts.
I think there is too much manipulation in the forex market. It’s hard to believe that 90-95 % of traders have psychological problems. Or maybe because majority of retail traders day trade and are taking out their positions by the whipsaws common in intra day markets.
I see. How about using the indicator I posted?
I hesitate to use GWT as I insist on statistical proof. But it might be hard to do.
I’ve found :
-A way to improve and correct the coding so that it does not use too much CPU cycles. The old SB waves use too much CPU cycles, rendering it unusable sometimes.
-Some swings are drawn wrongly due to over use of ‘rolling periods’. Barros Swings does use some level of rolling periods within its formula. Without using time other than an acceptable basic unit of D1 (established as NY close), this means price is now the anchor. This solves 3 problems : improve CPU cycle usage + accounts for actual daily extremes that are acceptable and watched by market participants + draws better and correct swings that also reflect the major move of day in H1 chart
Can’t get any better.
Hi Relativity, hi everyone. Thread continue exploding.Hope everyone doing well
Rela,i knew someday you would do weekly bars statistics. Look great. Do you consider to see which week of a month, which month of a year has got some bias ? For example ,some hedge-fund guys just long after reaching 26 -week high, continue to 52- week one until 154- week’s where no one wants to buy anymore 
Recently,Larry Williams got an awesome idea sent it to me. He collected the same day of a particular month for 20-30 years and show it was definitely a good bias outhere. For example, last August, the 10th was up bias for gold (20 years for up, 0 year for down). Notice: a month usually has got 20-22 trading day (TDOM), not day of the week. He done it all for bonds, index …for intraday trading. Of course this guy awesome in terms of longer frames as well. Well, i dont have 3k for buying his software so i do excel instead. Meanwhile,he gave me 18 lessons drawing from his experience and indeed he does talking to me. Great.Also He right about gold shot up last month and SP500 rallied from 12th July. But just 1-2 trades per a year if you following him
Hope for the best
hello im new here , amm
im interested in learning this system but wow my nose is bleeding from information overload ><
i wish it has a step by step guide for this system though @@ oh well going to red 132 pages of posts then >__<
Hi welcome!
You can refer to the 1st post I’ve made. I’ve done a lot of sorting out to point out the key posts. This will help you get to the most impt pts, in bite size pieces =>
Take your time. Its not exactly a system as the more you see it.
Yes, i just realize not price but TIME decides lose or win.Yesterday, 70 pips, thanks to:
- Enstein about space- time, price-time in fx
- DrJ: pointing out the h1 which leading the day, good for catching the winner wick
- Rela, for Advance tick volume for indentifying the 20 pip range before any big move, good for scalping
- Rumpledone for his realistic approachs but also creative. His " day/week +/-2 ATR" very accurate in terms of reversal.
I believe we can beat the market if staying together with objective approaches. I learn much fr everyon in this thread. Shockingly, it puts me down to the ground for 20 pip rule. No more " day dream" of being home run all the time.Just patiently waiting for a SMALL BREAKOUT , catching 20 pips and that’s all. No more thingking crazilly about trends, even supports and resistances.
Back to the topic. If you know the importance of time, you dont need staring the screen all the time. For Eur/ usd, you just need to jump or not jump in at tokyo , london and ny open. H1 candle. I dont talk about bias here. Tokyo for hunting sl yersterday, London for real money moved (commercial) , NY for large speculators ( fake money but …big). To be specific, i love scalping inside 7 GMT h1 bar (London), catching 12 GMT h1 one (ny) for a big move.Other times, playing around with charts, observing and hoping can see a new pattern emerged and doing statistics to verify. Meanwhile,Rela gave us the statistics .Monday Low is 70 % chance to be lower Friday’s High of the same week in a particular trend. That good for wllling of catching a big move of a whole week. The 2 sd week usually a retracement which tuesday’s low is 50 % to be the lowest of that week comparing to wensdi or thursdi in, if i interpreted right. The 3rd week is a continous one which Tuesday L again (70%) or Wensday L (60%) to be the bottom in. Is that freaking awesome, isnt it ? All in all, I believe there is a pattern for a particular day. On Monday, Goldman Sach receiving calls from customers for liqidation, rebalancing, placing new orders…so the obvious must be the same. Larry Williams talked about the simple of a big guy doing. Just long Sp500 at the first day of the month and collect the profit at the last 2 weeks of that month or long bonds from 20th day trading of the month and collect at the last day.If you trading gold, you know what i am talking about. Of course life not simple as that but those things we need to aware. I am not a fx master so still love sharing all i know.Hope can learn more from everyone as well.
Rela, just bomb us 1 bomb at a time. Im not good at abstract thinking so need days to digest whatever your throw out here:)
Btw, for that anatomy of day candle we should jupm in at 2 or 3 GMT in order to catch a winer wick and from 22 or 23h GMT for any loser one? Well, just for Monday and i need to print it all and hang it on my wall:) tk
LOL bomb u guys 1 at a time? Its not like I can control my brain you know… => But anyway, yes. Everything you said in this post is solid, esp comment on 20 pips.
Very true that we cannot home run all the time : its impossible, since statistically the market doesn’t give us that all the time. In fact, this really sets the trader down to better expectations = clearer mind => better trading.
I am on FXDD, and FXDD is currently +3 GMT.
So its around starting 18:00 for loser wick retracement
Around 04:00 for the winner’s wick breakout
Thats translates to what you said, yup. Hang it on the wall if you want =>
In fact, most days like pretty the same, with variances
Stats for D1 to D1 candles.
Sigh
Dont think there’s anything here although I thought I saw something. Do you? At least I can reuse this template for something else now…
edit
Actually there is something at thursday and friday… =D! when compared to monday/tuesday/wednesday
Sorry if i put something as a kind of journal in terms of 20 pips. Today Eue/usd jumping up and down 20 pips in each move if you take h1 bar at 2hGMT as a threshold. So Eur has moved up 150 pips since Monday. Tuesday Low seems to be bottom of this week, and 100 pips to go till Friday. For the month, if Eur totally bulish, 1.3400 is ceiling, seems to be far-fetched ?
Rela, what you mean G:G or G:R ?
Possible, but I don’t look at monthly bars (yet!)
Green Green
Green Red
This reminds me of when I had made an indicator (modified the i-sessions indicator) that measured the range of a specific session …like the Asian cuz that’s my prime trading time…for whatever pair I attached it to, into blocks of pips for each day of the week…ie 0-5, 6-10 up to 100+ etc. … just to see what the size the Asian range was on average for each day of the week. I had more or less finished it, but before I could really expand/exploit (lol) upon it, my computer crashed and I lost it 
Wasn’t really sure if it was worth it or not, so I never recreated it. Funnily enough I was seriously thinking about creating it again when I came upon your thread last week. (Coincidence?)
You’re definately right about being on demo too long and it’s probably hindered me more than anything. I am going to change that, and it the meantime, continue to incorporate a few of your tools, which has had surprisingly good results so far…thanks for bringing some of it back home.
I like the stats/probablilties angle…my best trading days where back when rumpledone was here with his which got me to the live trading point…but going live failed so I dropped it and went elsewhere…I should have stuck it out more… he had too many stats!..lol. Now with you here it feels very familiar and just at a time when I was about to cry “uncle” too. So to coin a well used phrase…we shall “see”. 
Good to hear all this from you Sweet Pip => Don’t worry about ‘losing it’. Once you get a good decent template up, the rest is easy.
Too many stats? My oh my. There is never enough stats.
If you understood what forex is really all about, you will see why this approach is the ONLY sound one.
I had made many many posts to justify why this is so.
Esp the recent post here
@Sweet Pip :
See what I mean by template? Once you get a good one up, just plug in what you want to check.
Stats for Basic SB for D1s
Ah. These results are something!
Need to gather more results to complete the ‘5 D1s in a W1 PA picture’. This is a good start.
@ guandi
Should I go on posting all this? I got a feeling I will breaking a lot of bubbles…
Combining both together although the 1st set of results aren’t really so conclusive. Will bring in more tmr if possible.
So for any given day of the week, there is roughly 55% of reversal of next day ? Just like 5 waves within a week ?