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  • #43,801
  • Sep 20, 2024 11:27am Sep 20, 2024 11:27am
Quoting SnakeDok
{quote} Are those lines standard deviations ?

Yes...

We are at sigma 2 deviation from the mean - meaning 1% chance for this to happen...

Just so you know how insane this move up is!!!
  • #43,802
  • Sep 20, 2024 11:27am Sep 20, 2024 11:27am
Quoting NrSLionHeart
It does not make sense not to hit 2630...
and that’s why it makes total sense it won’t probably
  • #43,803
  • Sep 20, 2024 11:28am Sep 20, 2024 11:28am
Quoting Zebi
{quote} i tthot so too...ill check this weekend when he took his first shorts and post it for everybody cause its not nice to lie in forums cause I never seen a post saying he closed any losers ..just kept adding
Hell no he ain't gonna post it here lmao
  • #43,804
  • Sep 20, 2024 11:28am Sep 20, 2024 11:28am
Quoting Whale
{quote} no, thank you mate. I dont know where is your levels, when the market shit on "your" level you giving us another
Why? You don't give another level?? Yous stay on the same level??
That is insane.
We watch the charts from every angle so you don't have to!!
  • #43,805
  • Sep 20, 2024 11:30am Sep 20, 2024 11:30am
Quoting NrSLionHeart
{quote} Yes... We are at sigma 2 deviation from the mean - meaning 1% chance for this to happen... Just so you know how insane this move up is!!!
Oh i know i use them too but mine look different ^^
  • #43,806
  • Sep 20, 2024 11:31am Sep 20, 2024 11:31am
Quoting SnakeDok
{quote} Oh i know i use them too but mine look different ^^

Post a screenshot...
  • #43,807
  • Sep 20, 2024 11:31am Sep 20, 2024 11:31am
Quoting NrSLionHeart
This is what I see on the screen hourly... {image}
What exactly were you expecting to see buddy
  • #43,808
  • Sep 20, 2024 11:33am Sep 20, 2024 11:33am
Quoting pedro319
{quote} Why? You don't give another level?? Yous stay on the same level?? That is insane.
I’m taking the loss bro..
i manage risk only.

we have different style, and it ok.
  • #43,809
  • Sep 20, 2024 11:33am Sep 20, 2024 11:33am
Quoting Mrbright
{quote} What exactly were you expecting to see buddy

I am expecting a retracement once you hit that line, this is what I expect. Remember that ALWAYS the price retraces to the mean, but the mean is moving...
  • #43,810
  • Sep 20, 2024 11:34am Sep 20, 2024 11:34am
Trading is much more than levels but my levels are very good 95% of the time and if not, at least you get a bounce.

Effective money management.
Split position entries
Actively manage positions and stops
Establish before hand how much % you are willing to risk
Honour your stops and risk tolerance

Simple
We watch the charts from every angle so you don't have to!!
  • #43,811
  • Sep 20, 2024 11:35am Sep 20, 2024 11:35am
Quoting pedro319
Trading is much more than levels but my levels are very good 95% of the time and if not, at least you get a bounce. Effective money management. Split position entries Actively manage positions and stops Establish before hand how much % you are willing to risk Honour your stops and risk tolerance Simple

Not so simple, 98% of the human beings do not have the IQ and the discipline to execute this...
  • #43,812
  • Sep 20, 2024 11:38am Sep 20, 2024 11:38am
Quoting NrSLionHeart
{quote} Not so simple, 98% of the human beings do not have the IQ and the discipline to execute this...
Well, then there is no future in trading for them I am afraid.
We watch the charts from every angle so you don't have to!!
  • #43,813
  • Sep 20, 2024 11:39am Sep 20, 2024 11:39am
Quoting NrSLionHeart
{quote} Yes... We are at sigma 2 deviation from the mean - meaning 1% chance for this to happen... Just so you know how insane this move up is!!!


Is "Trade Like a Pro " by Noble Drakoln a decent book, and its strategies, for beginner traders to use?

I would like to also know what indicator is this on mt5 or trading view?
  • #43,814
  • Sep 20, 2024 11:40am Sep 20, 2024 11:40am
We should get another pullback soon.
We watch the charts from every angle so you don't have to!!
  • #43,815
  • Sep 20, 2024 11:42am Sep 20, 2024 11:42am
Quoting pedro319
We should get another pullback soon.
After 2630...

I won't keep any meaningful shorts over the week-end unhedged!!!
  • #43,816
  • Sep 20, 2024 11:43am Sep 20, 2024 11:43am
Quoting pedro319
{quote} Well, then there is no future in trading for them I am afraid.
They just need to start selling clothes even tho not sure if that shit outta to work for them.
  • #43,817
  • Sep 20, 2024 11:45am Sep 20, 2024 11:45am
Quoting NrSLionHeart
{quote} After 2630... I won't keep any meaningful shorts over the week-end unhedged!!!
Maybe even before.
We watch the charts from every angle so you don't have to!!
  • #43,818
  • Edited 1:06pm Sep 20, 2024 11:48am | Edited 1:06pm
Quoting profits7
{quote} ______________ I'll share it ALL , then ur tradin Chart will look like this = when you SHARE ,YOU will B Rewarded 4sure {image} {image}
__________ TP2 @2651 still 2Day
Don’t focus on making $$$, focus on protecting what you have.
  • #43,819
  • Sep 20, 2024 11:51am Sep 20, 2024 11:51am
I would like to know what 5% of this weeks profit means. How much is it in R? If you do 5R a week, 5% would be 0.25R meaning it would be 25% of normal position. That sounds reasonable to me, but doing 5R weekly is quite a feat. If you do 2R, it drops to only 10% of normal position.

Or do you offset it with tighter SL so you dont need to drop your standard position size too much?
  • #43,820
  • Sep 20, 2024 11:59am Sep 20, 2024 11:59am
Quoting mades
I would like to know what 5% of this weeks profit means. How much is it in R? If you do 5R a week, 5% would be 0.25R meaning it would be 25% of normal position. That sounds reasonable to me, but doing 5R weekly is quite a feat. If you do 2R, it drops to only 10% of normal position. Or do you offset it with tighter SL so you dont need to drop your standard position size too much?
5% of weekly profits means if I lose I get to keep 95% of the profits.
Calculate distance to your levels and divide that by risk (using position size calculator) you get position size.
Split you normal position in 3 and there you go.
Not very complicated.
(I use split position for my entries when I don't know exactly where we are going but fairly confident about potential bounce).
We watch the charts from every angle so you don't have to!!
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