I hope that's sarcastic, not helping any weirdo's LOL And thanks for your support, mental issues / preparedness is an issue, but having a understanding a real understanding of the market and how it moves is ofcourse kinda key. My Chart setup gives a pretty good map for the underlying action, study it for a while, chop and change it, hopefully you'll learn something which is part of the game, rather than being told to learn BS PA, which most is just ridiculous, what people believe is stupid at best. Market moves by supply and demand, if loads are buying and no 1 is selling then the market will shoot up, then you've got short term traders, medium and longer term, the short term create the fast spikes the, the medium buy and create higher highs in short and so on. Market also tries to make newbies make mistakes, it will run in 1 direction quickly, those longs at the top, makes you think you going to miss something so you panic and jump on, then it reverses fast to take the most amount of pts it can take from you and repeats. Once your aware there doing above, you can reverse what they do and profit nicely from it. Chart attached, shows the main EU move today, the arrows are where I'm looking to buy, 1 of them has a fake HA turn up, it happens, got to be fair. Most people expect a reverse, so rather than trading with the direction, there trying to pick tops to reverse back down, the entry is ofter way off the top and if they stay in too long there is a higher high to come, they hold through hoping for BE, but the next higher low doesn't get near. Chart and Template Attached, spend 1/2 hour over the weekend back testing it, see if you see anything, work on it from there. If your not on MT4 settings are . Envelope 10sma 0.003% and 0.007$ ( the .00's vary so till it looks like chart ) EMA, 30, 100, 300 Add Heiken Ashi onto your chart and change your candles to black to hide them Simple really. Treat it as a map, it's not perfect, but it's better for me than guessing. * can't upload templated
So much interest, due to the EJ factor, he's used it as a place to troll. Sadly he doesn't use SL's, so he'll have a high win rate, then the market will go against him big time and hey presto, bye bye account but can't help everyone.
It's pretty much a 50/50 game he's playing, remove the SL and trying to protect your money and that's what it becomes, it's trying to protect which makes it tricky. If it's losing, he won't mention it again, also part of the game. He was short I think and the direction for EJ is still down, she it will be doing okay, just checked. But he has trend logic and actually trades with, which is better than most. He hates SL's, cause they cost him he's paranoid and think the markets actively go for them, it just seems that way, if you have't got a method and good SL placement ofcourse.
Oh really, explain why he's not been here, his charts where downtrend and the entry perfect, so I read it as a short, going back to check
Found it, the EJ was short and he boasted his profit of +101. The last 1, was GU short @1.5100 from the down arrow, it didn't hit the +100 and is currently -54pts, depending on the exact entry ofcourse. Prediction LOL epic fail LOL
this was the one I remembered. http://www.elitetrader.com/et/index.php?threads/is-day-trading-worth-it.275680/page-158#post-4064650 damn banks.
LOL nice find, he's currently holding and 600-700pts down on that 1, but he won't mention that ofcourse, as eventually it'll go the right way and hit his TP, might take 6months. Unless ofcourse he gets a margin call and all positions close at the loss which will happen 1 day. Damn banks in deed. It seems he's not " on the other side " and that DOS/Unix script I debunked due to poor maths was also BS, as he's forgotten it and ignoring also LOL
That one was closed and switched to short. Ran the short until today and now long again. Here, link to this next time, if you want to keep tabs on my trade. I posted quite a few trades, why did you only remember eur/jpy ?