Thread: To be right in trading one will need to be absolutely wrong

Wow I did not expect that the price will take us right to the top of the m/t range and this is the reason why I keep emphasising that no one and nobody else could really know or predict where the price is going to finally and what we can just do is try our bests to follow as close as we can and being fully aware of the precise holding/breached amounts both intraday and mid term.
I'd came from the trade quite excruciating after gotten my target of normal RR of 1.4 and I'm eyeballing the reversal signal right now and once it kicks in I will post it. Incidentally I was stopped from my presumptuous A/U exchange to get a -40 pips hit.

Cheers rather than my A game now.

GS.

Initially I was interested helping you using a automatic system. However, I have become very skeptical after I read your journal And your trading procedure. .
Correct me if I'm wrong but your way is based solely on MA and fibs because you believe that's the only working trading method there is?

Start a commerce explorer so we can see your results. I might reevaluate assisting out you. .

Ok Momo is weakening and that I will sell the upcoming subsequent p/b of 40-50 pips using sl 10 pips over opting for an initial tp@ 80 pips below and if it works out that the holding lvls must be breached then we will reassess our ordinary breach/hold setup again.

GS

Originally Posted by ;

Ok Momo is weakening and that I shall sell the upcoming following p/b of 40-50 pips with sl 10 pips over opting for an initial tp@ 80 pips below and if it ends up the holding lvls should be broken then we will reassess our ordinary breach/hold set-up again. GS

Looks like my commerce program is panning out with reduced risks and high rewards. Hope it stays on course.

GS

With this latest spike, the dynamic of the PA has changed slightly and for the bulls to maintain its dominion... price as it's now must remain above 10948... if it fails to do so then its back to consol/rangey mode using a likelihood of the price breaking the past non @10708 to attack 10660 bear brink. . 10200 level wills sabotage. Of course no one knows exactly how far it will go so we must take one key level at a time.
I am nevertheless in this current c/t trade searching a 80-120 pips retracement and following that we shall wait and see whether 10958 will hold or not. If it will then price is great 220 pips north. If not then is back to thicken chop trade once again.

GS

C/t trade failed....surprise in the shallow pullback.

GS.

Hokay so we're in a fairly strong bullish trend now even the intraday hold/breach degree is from the equation for the time being. The bear threshold service is now @10980 level significance no odor of bear before this level is broken. What surprises me is the pullbacks far are shallow.
Now I'd like to discuss my perspectives on trading methodology/system that's found in abune and seem to proliferate in this forum as well as novices are providing their methods up for tender. I suppose this is cos of their newly found and acquired ability and are therefore keen to showcase it for a few other motives or veracity. The point I wish to make is often we'll find and read statements like a particular system isn't suitable for everyone but just for some and awarded the exact same system to a exact same few traders the results would not be the exact same and the 10,000 hrs hubris and another eccentric'justifiions' on why that system does not function as opposed to why it should functions. To me'explanations' seem ridiculous and far fetched becos if a platform is strong and good enough to exchange it needs to work for everyone and anybody no matter what kind of trader one is. Its the system that creates what a trader one is and never the trader who can afford or equipped to selectively opt for an effective and robust system to match his whatever he's. Of course I am realised and conscious that 95 percent of the normal trader will snide and disagree and will dismiss what I have just stated and its clear and to be expected. To me and when I were to choose to impart my strategy, everyone and anybody( yes a nooby) can master it and may even use it IMMEDIATELY to profit in another transaction. So everyone and anybody may know whether the method works or not having to resort to backtest or to demonstration evaluation or whatever in order to know whether it work or not. Dont despair if I choose to not reveal my method as one can easily take another side of this commerce that I pre-called from time to time AND when I am wrong 3 times from five then you would also instantly know I am a hoax and an the normal forum-style arrogant unworthy braggart to be dismissed and delegated to the rubbish bin and laden henceforth. This is the same standard I use to judge other traders in this forum and everywhere else and shockingly just a few is well worth noting and the rests nicely you know what I mean....

Cheers and decent luck with all the learnings hehehe....

GS

The intraday holding level only back its head and its now sitting @ 11120 and this amount will need to be taken out for price to check bear threshold amount currently @ 10975. All breach/ as they are time-decayed, hold amounts are lively.

GS

Price will always and always see intraday median level before NFP and other key News Events and these will be the only exceptional time at which both the upper and lower tipping points can be broken simultaneously so the secret is to look out for the double breach which will win the battle of their day. One of those intrigues when trading news occasions.

GS

Originally Posted by ;

The intraday holding level just rear its head and its currently sitting @ 11120 and this level will initially need to get taken out for price to check bear threshold level currently @ 10975. All breach/ since they are time-decayed hold levels are dynamic. GS

! I made this call and that the intraday holding level is breached I'd entered a market exchange @ the level SL @ 11199 and @ 11170 and first TP@ 11051. Price will be gunning for bear brink level @ 10999 and lets see if this level hold or not.
All of my called levels are strictly fib based and are definitive with clear SL and created before time.

GS