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

I believe there are many forex traders here who are allergic to creating the trading choice or have an underlying anxiety. But in actuality in order to become true successful and accomplished trader you've got to be completely or exactly wrong in order to succeed in this business and the main reason I am saying this is becos there's simply no one who is able to let you know exactly where when and just how far the currency pairs will probably be trading within its daily movements, therefore one can only try our bests to trace in which the price will probably lead us to with a projected violation and hold price levels depending on where it last came out. So if we are sure of those respective violation and hold amounts for us to do the one thing left would be to reverse our trade once we are mistaken. We wont want to be wrong being whipsawed once we reverse our trade or again. And if the RR is 1:3 we will be home high and dry. So the trick here is not if you're wrong but you've got to be professionally or completely wrong in order to profit from it.

E.g the current e/u PA shows that it is in a bullish mode along with the intraday holding amount towards bearish is 10862 and so long as it remains intact price will probably be driving up and in case if it breaches the holding degree wait to get a 20-30 pips p/b to market with a SL at the upcoming subsequent holding degree @ 10905 along with the very first profit depart @ 10800 along with the rest until following holding level is busted.
So basically this intraday methodology that I am using is based on definitive breached/hold amounts behaving as Support and Resistant. Fibos determines all my levels and the range differs from 1 currency pairs to the others.

Please be gently reminded that I'm a tricky mentor and I am open minded as far as trading methodology/system/discussions is worried. Any one is free to be perhaps sceptical or critical of me and my trading method and I'm pleased to be proven wrong and learned from my wrongs . And lets hope we can learn something from everybody who would like to contribute as I'm a firm believer of learning as long as I live. Try to keep this trading discussions as civil as we can. Always bear in mind we are all human who are not infallible but we form a part of mankind chains in each and everyone lifetime journey. I will always try to talk the facts but not disclose it if I chose not to. The fact as I understand these to be also for those who can not handle the fact too well and is overriding in here is advised to throttle and choke their pride and give this thread a miss.

GS

Okay the new energetic for holding level is at 10878 and when breached then the inverse holding will be at 10923.
Since you may observe the R/S is dynamically shifted appropriately into the momentum and that is why PA isn't in a straight line except for initial m/t trend change breakout/breakdown.

GS

Originally Posted by ;

Alright the new energetic for holding level is at 10878 and if breached then the reverse holding will probably be at 10923. Since you may see the R/S is dynamically shifted accordingly into the momentum and that is why PA isn't in a straight line except for trend change breakout/breakdown. GS

The FF is going to the dogs....more pure unadulterated garbage.Let's all get together,hold hands and sing Kumbaya as we begin our trip....blah,blah,blah,blah...

Originally Posted by ;

quote The FF is definitely going to the dogs....more pure unadulterated garbage.Let's all get together,hold hands and sing Kumbaya as we begin our travel....blah,blah,blah,blah....

Hehehe the very first comment is already a dismissive pc of baseless rant.

No worry the dog might have to go on.

GS

I am seriously thinking to automate my own trading methodology and that I want someone who can assist me and we could collectively make some money.

For virtually any trading platform to be powerful and effective it must be able to present or become elucidated in five simple steps anything else that I shall treat them as wishy washy at best and scandalous in some extreme instances.

If there's someone who can help me automate my strategy I can assure you it'll be well worth it.

GS

Originally Posted by ;

Alright the new energetic for holding level is at 10878 and when breached then the inverse holding will probably be at 10923. Since you may see the R/S is dynamically shifted into the momentum and that is why PA isn't in a straight line except for fashion change breakout/breakdown. GS

appears like its holding atm....

GS

Even though holding level is intact the Momo has turns bearish and I believe it's going to be breached soon.

GS.

Okay the new energetic bearish hold level is now@10955.... So it means that for the bull to regain back the dominance it must take this level out before moving higher up. Since the Momo is revealing bearish my game plan is to wait to sell her down once the price pull back to within 20 pips from the level. Inside this trade set up if I am caught wrong I know that price will come back for me to flip my trade after the bear holding level has been busted. First TP for the short trade will probably be @10780-10760. I will follow up as PA evolves on any additional change of development.

GS

I clicked, I enjoyed along with the thread name was clicked intriguing...
The first post was actually was tough was to browse...

So as each one can see that the entire intraday holding/breached(support/resistant) amounts had played as estimated last week as evidenced from all the'pre trade' calls which I made.
This time I wish to talk and touch lightly on the lengthier mid duration holding/breached(support/resistant) amounts which incidentally is easier to trade but trading chance is lesser compared to intraday. Quite a small number of the traders that I have read and recognize within this forum is quite proficient in m/t commerce but fail in intraday mode and it is easy to spot them in their religious dependant on longer time frame chart of more than 1 hr and above. These group of traders typically struggle with precise entry/exit amounts but they know and know how to escape from wrong trades and consequently being able to curb their losses but in precisely the same time they're also not able to fatten their bottom lines which normally frue them to no conclusion except inflating their false sense of ego. I'm quite sure that all people have to have heard and learned of this trading mantra of service becoming resistant and vice versa but how many people can be aware it is only true in a trending market conditions(mc) whereby m/t fad changes have just occurred. Even in that mc that is trending, consolidation is the standard before trending mode set in again which will place those traders that are adherents of EW to a wild goose chase. There are lots of ways to know and establish those M/t hold/breached(support/resistant) degrees and among the simplest and most dependable way in my knowledge is the use of precise and definitive numerical metrics coupled with a major MA to place this price structure in place. Why is this? Becos the fact it is a numerical level that is definitive and quantifiable it will remove the requirement of any guessworks along with other wishy washy metrics.
Of course different currency pairs possess their own unique and distinctive metric typically determine by the own national CB to determine the thickness of the ring width as well as the gradient of the slope which they are comfy and will live with without causing any undue turbulences for their currency which in turn can undermine and destabilise their economical and country well-being.
I will delve into more details into these matrixes in a later date for those that are interested and I am still waiting for someone who can help me to set up an automated method to trade my method so more may benefit from it without me actually being like a very long winded rambling and often misunderstood mentor trying hard to pronounce this trading method of mine. EA is worth a thousand words. If and when if I'm unable to get any help shortly I will personally embark to register for a coding program so I can do it all by myself....

GS