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  • #2,361
  • Jul 19, 2022 3:37am Jul 19, 2022 3:37am
Ihlas, you seem to be concentrating more on the bigger TF's.
Do your principles apply to intraday as well?
  • #2,362
  • Jul 19, 2022 5:32am Jul 19, 2022 5:32am
And now something different: an old pic from the Elitetrader thread:
does this make sense to you guys?!
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  • #2,363
  • Jul 19, 2022 10:11am Jul 19, 2022 10:11am
Quoting Ihlas
{quote} Hi HTG, Yes, it's very confusing. The reason is I don't see Target 1 as a real target (It's secondary target even it should be broken first). Monday's High is real target, but not important than target 2 eliminated. Monday's H is just balancing work. I hope this clears up everything and makes sense. Everything is my interpretation, it might not be true for anybody else.
Ihlas, thanks for the reply. Confusion in this business is not good and it did little to clear up anything in regards to your post, but its all good, its your interpretation.

Have a wonderful trading day!

-E
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #2,364
  • Jul 19, 2022 11:16am Jul 19, 2022 11:16am
A new hot thread talking about algo and time, and magic math calculation.
https://www.forexfactory.com/thread/...3#post14071493

Remember to keep it simple - no magic math, no magic indicator, no magic time forecasting. Just have to practise in life market to gain more knowledge and experience about currency valuation, it's already written on this thread. And aim towards 50pips and greater.
Know what you trade
  • #2,365
  • Edited 12:31pm Jul 19, 2022 11:45am | Edited 12:31pm
Quoting Ihlas
Which one should be eliminated first? I say Target 2 will be eliminated first. Anyone? {image}
About E$, this is a good question posed last weekend.

HTG posted the correct h4 chart.

Target is 1.0277, then market decide whether to take it higher or not.(this is not a trade signal)

I've asked many times.

Which magic indicator tells us this will happen in the future? (trading is always about the future, the next 5 minutes, the next hour, 4hours, next day, week...)

If the trader can't tell what the market will do in the future or at least know what's going on at current levels, prediction is not possible, then aren't we all simply guessing?

If anyone seek to improve their trading, you've got to find answers to this hard question. 180pips north, can you see it before it happened? Cheers
Attached Image(s) (click to enlarge)
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Know what you trade
  • #2,366
  • Jul 19, 2022 11:04pm Jul 19, 2022 11:04pm
Quoting BWilliam
{quote} About E$, this is a good question posed last weekend. HTG posted the correct h4 chart. Target is 1.0277, then market decide whether to take it higher or not.(this is not a trade signal) I've asked many times. Which magic indicator tells us this will happen in the future? (trading is always about the future, the next 5 minutes, the next hour, 4hours, next day, week...) If the trader can't tell what the market will do in the future or at least know what's going on at current levels, prediction is not possible, then aren't we all simply guessing?...
Hey BWilliam, good post , in regards to the chart thats a 1 HR chart I posted. My viewpoint on two subjects: Magic and Future. Here is my take on magic indicators and Ill keep it simple, the magic indicator does not exist and it does not need to, you have price, time and your mental and physical skill set (and I will throw in a traders tool set whatever that may be, everyone is different using a different toolset and this post is not to offend anyone in regards to the right way or wrong way to trade, however you start searching for magic and you are going down a deep, dark hole with no ladder to climb back out.

My take on the comment "trading is always about the future" (Which I like but want to provide a different perspective), yes we know price is going to move, for me though trading is largely about the NOW. What are you doing right now and what have you done to prepare yourself for that NOW, the moment when you finally press that BUY or SELL button or perhaps the processing of a pending order. Thats the NOW and does not discount the time you spend before that to prepare yourself.

To me, that matters. You have to be in a position, BUY side or SELL side. Based on what brought you to that decision to enter the market, you then follow plan.

The FUTURE comes regardless.

Call it prediction, call it guessing, call it gambling, call it magic, call it a great probability setup, a great business decision, call it.....well you can call it whatever you want, what do you as a trader call it, thats important, that can define where one is at mentally in this game. I personally dont mind what people call it, as you well know, people are all over the playing field with it. I do audit traders on this point though.

Quick example:
You are in a room with a group of traders and you toss the question: How do you see trading?
You start getting answers:
I see it as a form of gambling.
I see it as guessing.
Just Roll the dice.
I see it as a business.

I know who I would associate with based on those answers.

My opinion, let people call it what they want, their view helps determine where they are mentally.

You ask this hard question which I like..can you see it before it happens? Perhaps a harder question is can you manage or handle it if it does not happen?

Trade HARD
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #2,367
  • Edited 6:18am Jul 20, 2022 1:26am | Edited 6:18am
Quoting HTG
{quote} Hey BWilliam, good post , in regards to the chart thats a 1 HR chart I posted. My viewpoint on two subjects: Magic and Future. Here is my take on magic indicators and Ill keep it simple, the magic indicator does not exist and it does not need to, you have price, time and your mental and physical skill set (and I will throw in a traders tool set whatever that may be, everyone is different using a different toolset and this post is not to offend anyone in regards to the right way or wrong way to trade, however you start searching for...
Hi HTG,

I don't think anyone can predict the future with 100% guarantee. Its all about probabilities. George at times used to say that price will go in a certain direction with 99% probability. Its all about the time and effort some of the traders have put in to predict with certain probability. BWilliam has said that everything is in the thread to calibrate the value of currencies to see if it is undervalued or overvalued to place trades. Honestly i have been going through the posts but as yet haven't really got hold of how its done when it comes to value trading. Ihlas is someone who makes calls here and he uses the valuation method. There could be some maths calculations, using HLs, LHs, Open Lines, RNs, ADRs and all who knows. I have seen that these lines are definitely targets. Thrust or momentum candles help at times but not always. Very few here know which targets will hit first with high probability. Thats where the valuation comes in. But how far will it go up or down to get to equilibrium. Those who know it say its in here and not hard to understand. For others the search continues. My personal view is that its extremely hard cos if it was easy then there wouldn't be around 80% failures in trading. Those are the stats and its out there for all to see. Again very few have found the holy grail and congrats to them. Traders like TimeTells, BWilliam, Moodybot, Bluesteele, Ihlas and few others sometimes throw some gold nuggets so keep an eye.

Trade well all.
  • #2,368
  • Jul 20, 2022 2:42am Jul 20, 2022 2:42am
I like live market calls. I think he refers to gold. Check it out.
https://www.forexfactory.com/thread/...1#post14072121
Know what you trade
  • #2,369
  • Edited 5:29am Jul 20, 2022 2:59am | Edited 5:29am
Quoting HTG
Hey BWilliam, good post , in regards to the chart thats a 1 HR chart I posted. My viewpoint on two subjects: Magic and Future. Here is my take on magic indicators and Ill keep it simple, the magic indicator does not exist and it does not need to, you have price, time and your mental and physical skill set (and I will throw in a traders tool set whatever that may be, everyone is different using a different toolset and this post is not to offend anyone in regards to the right way or wrong way to trade, however you start searching for...
Hi HTG, there're 2 separate parts.

The first part is the "guessing" how the market trade in the future.

2nd part is how do we manage our trades.

We must not mix these 2 separate parts as one, they're not.

As traders we have to "guess" the future, do we?

Which is tied in to my earlier post, "where is the edge on the chart?"
https://www.forexfactory.com/thread/...7#post14069307

The point I want to make clear is if we trade with no edge, trade management won't turn trades with no edge into edge.
Unless the trader believe he can trade anywhere on the chart, it makes no difference, doesn't matter if it's a buy or sell trade - Trader and trade management is the edge. All "guesses" is the same as any other means the trader believe the edge is the trader, it's not on the chart. This is an attempt to sidestep this "guessing" the future in trading forex.

It's not about "guessing" the future.
It's not about the trader.
(stop predicting the future, don't think in "prediction/guessing" mindset)

The question remains the same for every trader,

"where is the edge on the chart?"

Cheers
Know what you trade
  • #2,370
  • Jul 20, 2022 5:34am Jul 20, 2022 5:34am
Quoting BWilliam
Fundamental analysis is a large part of GEfx strategy. Some of us trade rule based strategies. Some are discretionary traders. Some of us believe all these strategies are junk. Some of us believe all these strategies work, it's the trader that's junk.
It is ok to lie to the public. But why you lie yourself?
Where you see strategy? Where you see rules? Where you see knowledge? All your knowledge is how to choose color for your line? Your rules changes twice a day because of curve fitting. The "strategy" is to look at the historical data and say that here was the top and the was the bottom, like we don't have eyes, only you.

Please answer the simple question.
You have 100$, max leverage 500x, 1 lot = 10000$, you have sell at 100$ with 0.01 lot. What equity and balance you will have if the price now is 128$?

I can say, that NO ONE of you can answer this question within 5 minutes (but must with 10 seconds). NO ONE of you have simple excel to calculate it.
But THIS is knowledge. This is strategy. This is rules.

All that you and your mates post is bullshit. You know nothing. Zero. You just draw your stupid lines and trying to explain the PAST and show us how it was good to enter here and there. Useless garbage, fake and lie.

* - saying you I mean not exactly you but all these successful clowns trades here
Observer effect
  • #2,371
  • Jul 20, 2022 6:06am Jul 20, 2022 6:06am
Quoting ryuryu
{quote} clowns trades here
LINES and time of the day.
Attached Image (click to enlarge)
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hi girl girl don't be a clown and don't blow hot air here, come over to Geylang and do a blow job for me.
I invite you to start a new thread open an FTMO 100k challenge - let us do BTCUSD.
  • #2,372
  • Jul 20, 2022 11:17am Jul 20, 2022 11:17am
Quoting BWilliam
I like live market calls. I think he refers to gold. Check it out. https://www.forexfactory.com/thread/...1#post14072121
It's interesting to watch so many members scalp different ways to profit from the market. Watch others how they scalp their unique style, that's how we learn more about the market and more about other traders how they scalp. Very creative and interesting indeed.
Know what you trade
  • #2,373
  • Jul 20, 2022 11:28am Jul 20, 2022 11:28am
Quoting whitesta
{quote} Hi HTG, I don't think anyone can predict the future with 100% guarantee. Its all about probabilities. George at times used to say that price will go in a certain direction with 99% probability. Its all about the time and effort some of the traders have put in to predict with certain probability. BWilliam has said that everything is in the thread to calibrate the value of currencies to see if it is undervalued or overvalued to place trades. Honestly i have been going through the posts but as yet haven't really got hold...My personal view is that its extremely hard cos if it was easy then there wouldn't be around 80% failures in trading...
Hi Whitesta, I agree and we dont need 100% guarantee. I hope my post did not portray that.

This is important, if you are following someone on the internet, you should know damn well what they are about or what they have accomplished. Far too many people listen to and follow people they know nothing about. Anyone you follow in this business, or leaning on for advice etc.. should be verified by you. Examine who you are listening to, value and weigh the information based on the success of the person telling you. If you cant do that then how do you know the path you are on will produce the results you want and if you are ever going to get a hold of how its done? I dont know you so all I can really offer is, If you feel you are on the right path then, Keep working, GRIND, stick with it, dont quit and keep your mental and physical game sharp.

Its a business like no other, your personal view is in line, its extremely hard to say the least, but its not supposed to be easy. I do not know about the 80% figure but I would not focus on that. Stop using that as an excuse, its in the back of your mind. Forget that figure and focus on the success part, the success of yourself.

-E
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #2,374
  • Jul 20, 2022 11:31am Jul 20, 2022 11:31am
Quoting HTG
Hi Whitesta, I agree and we dont need 100% guarantee. I hope my post did not portray that. This is important, if you are following someone on the internet, you should know damn well what they are about or what they have accomplished. Far too many people listen to and follow people they know nothing about. Anyone you follow in this business, or leaning on for advice etc.. should be verified by you. Examine who you are listening to, value and weigh the information based on the success of the person telling you. If you cant do that then how...
I'll add one more thing.

There's no such thing as this or that can't be done.
Nothings impossible.
It's our job to make it possible.

We don't do this to make a wage.

We do this for the big money.

Cheers
Know what you trade
  • #2,375
  • Jul 20, 2022 11:51am Jul 20, 2022 11:51am
Quoting BWilliam
{quote} About E$, this is a good question posed last weekend. HTG posted the correct h4 chart. Target is 1.0277, then market decide whether to take it higher or not.(this is not a trade signal)
Day high 1.02732. Miss by 5 pips.

Last post, better to read than write post.

Good trading everyone.
Know what you trade
  • #2,376
  • Jul 20, 2022 11:54am Jul 20, 2022 11:54am
Quoting mixedbags
{quote} LINES and time of the day. {image}hi girl girl don't be a clown and don't blow hot air here, come over to Geylang and do a blow job for me. I invite you to start a new thread open an FTMO 100k challenge - let us do BTCUSD.
Trading BTCUSD on forex is the most idiotic idea. Wasting time and money for scam prop firm is second idiotic idea.
Both ideas tells me that you don't know how to use simple calculator and never turn your brains on.
So please stop that.
Observer effect
  • #2,377
  • Jul 20, 2022 5:14pm Jul 20, 2022 5:14pm
Quoting ryuryu
{quote} Trading BTCUSD on forex is the most idiotic idea. Wasting time and money for scam prop firm is second idiotic idea. Both ideas tells me that you don't know how to use simple calculator and never turn your brains on. So please stop that.
You have said time and again that one cannot trade Forex without volume. Mixed bags has met you half way and suggested BTCUSD which apparently does have volume.
Man up and take the challenge!
If you can’t afford the entry fee, borrow from Rick!
Or crowd fund!
  • #2,378
  • Jul 20, 2022 7:57pm Jul 20, 2022 7:57pm
Hey Ryu! I totally agree that trading CFDs of cryptos is absurd in most cases (because of higher costs, lower speed, bad execution, imprecision and lack of volume inside tricky bucket shop "brokers" with fake markets [lol, not even real]; so yeah, why the hell do it in the first place, when real cheap-accessible crypto brokers exist with the best trading conditions, proper data and tools), but taking about the "challenge", maybe you could use Binance or Bybit to make your calculations and decisions (as Rick has done in the past from Futures to Forex), to then execute your trades through MT4/MT5/cTrader for a FTMO or MFF challenge (the 2 best virtual pseudo "prop firms", being the only ones really worthy and more than proven to pay within their rules); that yes, of course work with demo markets, but they are not scams per-se (I think we could all learn some things from this guy: https://www.forexfactory.com/takisd). Man, please show these guys once and for all how to obliterate this game!
  • #2,379
  • Jul 20, 2022 9:01pm Jul 20, 2022 9:01pm
I'm curious so I ask this question that's directed at you whom I'm talking about.

I know you have joined this private discord group, watched these guys trade for a while now.

The question is,

Have you learnt enough to be a successful trader yourself to trade for a living?

If you have not yet quit your job, why not?

(if you don't answer these questions I take it as no you have not made the decision to trade full time for a living. I was looking for the reason why not.)

Thanks for answering my curious question.

Cheers
Know what you trade
  • #2,380
  • Jul 20, 2022 9:22pm Jul 20, 2022 9:22pm
Quoting HTG
{quote} Hi Whitesta, I agree and we dont need 100% guarantee. I hope my post did not portray that. This is important, if you are following someone on the internet, you should know damn well what they are about or what they have accomplished. Far too many people listen to and follow people they know nothing about. Anyone you follow in this business, or leaning on for advice etc.. should be verified by you. Examine who you are listening to, value and weigh the information based on the success of the person telling you. If you cant do that then how...
Hi HTG,

Just to clarify. Its not an excuse that so many fail, just a fact. Any broker you join will give this info. I also mentioned that quite a few have succeeded and are doing quite well. Again its a fact. I never said that its not possible just not easy. Success to you too and all on this thread.

Trade well all.
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