The ups and downs

[pknayinhoa]

Okay this thread is my very own personal systems and thoughts I get and ill post them here, some may work to a great extent and some may fail horribly, I will not be going to market my own godlike superiority if I accident make a good system this thread is going to be about me assisting others if I can and others assisting me once I have a question.
Okay strap on your seatbelts because we're now going to crash into the sphere of idiotic behavior 3,2,1 we have lift off.

Okay and only incidentally I am a afrikaans speaking South African, so my eng spelling may not always be on the mark so excuse me if I make a grammer or spelling mistake every now and then.

[pknayinhoa]

Okay before I get to the solution let me discuss anything else to.

The general idea of MM is great but not great enough, please show me a corp or some other big time player than will risk 2-3 percent of his roster on one trade that's simply not wise.

I state for longer term trading you risk 0.5percent of your roster and for day short term trading 0.5%-0.2% of your roster.

Few reasons.
1) longer term trader as mentioned has a better prospect of winning a trade, its unlikley for such a person to lose a 100 transactions in a row when he's big stops rather than triumph atleast another 30 from the 100 transactions he has left in his account, so that he would be on break even again.
2)Day trading you dont possess 200pip, which means that you can not manage to lose trades at 2-3percent of your roster that would be around about 15% so if you had a $10 000 startup funds you would just have $8500 left(this isn't accurate to the tee) so in case you risked 2 percent first trade that could of been $200 but currently its just $170 so your quantity of profit you may create per pip is down with a bigish amount taken into account the account size.
3)Some traders simply cant take the huge losses of money, and risking so modest would really take that pressure away and let them remain focusd on their goal of earning pips.

[pknayinhoa]

Ok what's my solution to the negative aspects of long duration and short term trading???
Okay I have an expression:Believe using a long-term mindset, however set a short term program. (I am a chess player so that you can observe y I would say crap like that lol)
Okay the idea behing thay is that, you need to wish to own goals in life healt, wealt, fantastic connection with household, or a life partner or whateva you would like to attain, but its not going to assist sitting doing nothing or even waiting for long to do it, so plan for your future(longer duration move) but start making sure steps towards that today (short term fad ).

Okay so the solution is short term trading(1hour charts).
Negative variables of standing trading: you miss out on alot of smaller big traders even though you're riding the big one out, which means you income generated is significantly lower.
Also you have to risk big amounts at one time, and you suffer huge draw to, which may be stressful for many.

Negative variables of day trading: you can get eaten alive by spread if you dont select your transactions well, but the problem with that is most ppl do day trading in order that they can get more transactions so that they actially wish to over trade and in that lays the issue.
There's also no solid trend in a short timeframe which creates over years like in the larger time frames, so a big news event could drastically influence your position, and may also change the tendency in many cases.

That is where short term trading comes in handy.
You dont have to scroll through 50 diff time frames to identify the tendency because the tendency may easily persist for a week so you have enough time to put in a trade in the direction of the trend.
Also while news events do effect your transactions on short-term trading to you personally dont really warry about that, because you are in a trade, or you get in at london open or you merely wait for the news to complete it to spike and then wait and watch for continuation of trend. (in case your in a transaction you'd most prob have transferred stop to break even by now, or gotten out.

[pknayinhoa]

Ok so by now you would of thought I don't believe in you'll get rich quick, you will need money to do this, I also assume most ppl that come here have plenty of starting funds els they would have already been sucessful and never needing support here.

My aims is to be way better off in the following 2 decades so thats quite a while, but compared to your avg life thats not alot of time to spend to get a fiscal secure life, but first you will have to offer up your time that's a risk, because time has become the most valueble thing a person has, to establish my point, y could someone rather take the airplane to get someplace and cover more that rather just taking the bus that's so much cheaper, but will take hours for you to get from point A to B.

[pknayinhoa]

Ok thats the first portion of the thread today that you guys know what I consider the market and so on, now we can begin with the systems and thoughts and questions.
I'm currently nevertheless demo trading and searching for a good micro account broker, I am really considering FXCM as they're well known but have thought about oanda to, therefore anybody that has info on these and how they operate the least amount you are able to risk etc please tell me .
I will post thoughts and chart and thoughts behind these thoughts I had from when I started to now and how they evolved, and how the more I understood that the market the more I became fimiliar with all the KISS idea, and the simpler it would be that the more you learn and the better you become.

Ok about me I am a confirmd clown so I enjoy making jokes, fooling around so I do not expect this to be a professional such as thread just would ask of ppl not to spam this thread with crap, this would be to aid everyone thats keen to help and be helpd, I dont need'smart' ppl here(those who think they know what but dont knw jack)we are now all on the exact same level, if you are a garbadge disposal man or the mayor of king willi town(lol) we dont care we are all just traders.

Ok so lets begin and do the funky chickenhttps://www.nigeriaforextrading.com/attachments/1528143666.pnghttps://www.nigeriaforextrading.com/attachments/1528143666.pnghttps://www.nigeriaforextrading.com/attachments/1528143667.pnghttps://www.nigeriaforextrading.com/attachments/1528143667.pnghttps://www.nigeriaforextrading.com/attachments/1528143667.png

[pknayinhoa]

My overall idea was right in the start that if the market created a big drop compaird to the other drops or a huge climb then it should reverse and then it would be a good opertunaty to buy whether it dropd or market if it went up but that was problimatic coz there are alot of false signs and its likley you will lose if you don't have any filter.
Ok look at the down and up bars you get a semi intense you then await the start of this new bar as confirmation and it works great if there's a good trend , at first glance this looks like a hole grail but inspect closer the areas with the x shows conseladation, so every high you would sell and low you buy and get no where only dropping to spread the entire period, and alot of the other buy and sell signs have yet another sign inside a few bars from that making it really tricky to no if to get in and then the other problem is when can you get out, which can be a low, therefore this is only a fundamental idea that sounds great buy when low-priced when large, obv it must work but its not that easy.
That was my very first trade expertise.
https://www.nigeriaforextrading.com/attachments/1528143678196532649.jpg

[pknayinhoa]

2) Horizontal support and resistance.
I do think there are certain amounts which may indie market being sold or overbought large time but most ppl go to far with this, ailing illie, I accepted my chart, created my candles all black, and just drew in a lot of lines, you will see it does support on a few of those lineup, its jump to touch someplace in the event that you draw a lot of lines, you are able to certainly do this with your own chart just to look.
https://www.nigeriaforextrading.com/attachments/152814368027888819.jpg

[pknayinhoa]

3)Moving avg.
Ok I still use Moving avgs, I like moving avg take them to my grave. Https://www.nigeriaforextrading.com/attachments/1528143669.jpg
But the general idea is when faster moving avg crosses slower on to up side you trade up, when crossing to the downside you trade down.
But like most stuff you tend to find out they only work great in a trending market haha.
Look in the midst few crosses but it goes no more where really, and then in the end of the chart there a nice drop and it works, so that only works in a trending market.
Yet again but duh I only want to exchange when it tendencies obv who trades when its choppy dumbass, but with only the crossing youl neva be able to determen weather its going to trend or not, which means you will have to take this trade.
It looks so obv following it happend, man really must be rigged https://www.nigeriaforextrading.com/attachments/1528143669.jpg
https://www.nigeriaforextrading.com/attachments/1528143682228570488.jpg

[pknayinhoa]

4)Indiors.
ADX,Stochastics,MFI,RSI,MACD etc. etc..
ADX: if it moves up maket moving to some fashion most likly, but its damn lagged like hell.
Stochastics: Ppl use it to indie overbought and over sold markets, but occasionally it remains over sold or over purchased.
RSI: the same as stochastics, but can be used in diff ways to.
MACD: wait for cross 0 lineup wow, that also is super lagged
Additionally a number of these signs can be misleading, ex stochastics provides over sold indiion in powerful downtrend, but it still goes down, so it might provide you a false commerce.
https://www.nigeriaforextrading.com/attachments/1528143684650615887.jpg
https://www.nigeriaforextrading.com/attachments/15281436851285036413.jpg

[pknayinhoa]

Okay So now I have started to realise that these indiors all work good in trending markets, however they dont work good as stand alone and therefore are worse in choppy markets then I began combining them like most of new traders do just looking for this method thats going to give me 90% win rate.
So I was reading about woodies CCI system, lot of amazing ideas, he claimd he could trade without studying the chart, just the indior, that actually made me hooked on trying to find that indiors to line up perfectly with the market and was trying to creat a chartless indior to, and this was my first evolutionary movement to beginning to understand the movment of the market, since I am now not doing exactly what the gurus say, beginning to create my own method of trading.

My thinking was this I wanted a indior that would show me a market thats over sold or over purchased (opted for Stochastics), wanted to have a look at a quantity indior so I enjoyed the MFI for that and the CCI for trend.
My thinking then was that this (it was my understanding of the indiors) that CCI is a trend indior and MFI is a quantity indior, thus if the trend moves over the quantity then trend is up and when under the quantity afterward trend is down.

So the rules to the system was if you want to buy as in ex in connected chart, you would buy when yellowish CCI line crossd reddish slower stochastics line into the up.
When the yellow line is under the blue MFI you would depart that trade if it crosses the green faster stoch line, however if it crosses the blue MFI line like in ex then you would only exit the trade once it crosses the red slower stochastics line back again.
And the same holds for selling just obv crossing to under the line diminished reddish stochastics line.

Okay this lookd like a magical indior, I havnt really tested it that much but on back testing you get alot small losses and larger wins, this is suppose to be stand alone just use the indor no price movment just the indior, don't hesitate to try it the CCI and the MFI is put on 27, and if you examine it tell me how it functions.

But this was a part of my evolution and nr5. You may call it beginning to think outside the box however that term is so cliche stating that tells me you thinking within the box.
https://www.nigeriaforextrading.com/attachments/15281436871000594790.jpg

[pknayinhoa]

Ok that was among my initial different ideas I had, I have made several breakout approaches, but most has failed me, but I will post them here and discuss what I learnd out of my failure out of them, man it was really shitty feeling as a king everytime trying to fine tune my trading and after a week or 2 back testing you find major defects, but my lessons I have learnd was good and I am happy I had these ideas.

[pknayinhoa]

Alright the Following Thing I Obtained was, ok That the'big dogs' all State let your winners run, sounds again very great, and all systems Must have place the winner to go wild, dont Retain this hooo on leash, Okay but it poped ok, but when you trade very short term, then you Input Places Together with the longer term trend, so y not Input a position from the shorter term chart with every Sign you get and you Just close All them when the longer term trend is finito, Which Means you'd basically add to the long term trend with higher% of it winning coz its momentum

[pknayinhoa]

I am going to take a rest really drowsy, will continue posting on tonight.
But I have a fav to ask of anybody here that knws scrips or EA's whateva it's.
Its not a thing super complex its like a script EA.
I believe that at the higher time frames a grids distance between one another is a good space for a stoploss ex. The grids are 55pips from one another then you input a 55 stoploss from where you enterd.
So I want it to assess the grid distance the whole time such as a EA and then the script part is, I want to press b for buy and therefore for sell, then it sells on market order, however if its 1:1 in profit, within this ex if price has transferred 55pips in my way it takes off half of my position and moves remainder up to b/e until I press c cancel.

Now is that potential, if so can anybody assist in that please. I will post my other wack thoughts tonight until I get to where I am now lolhttps://www.nigeriaforextrading.com/attachments/1528143672.png

[pknayinhoa]

Ok what do we think concerning trading and what rules do I have. (this is only in general not a system, yet)

I feel that the market can simply move up or down, so on avg you have a 50% chance of winning if you only reverse a coint and trade into one direction, that is the exact reason y swing and position traders are more prone to triumph, they merly climp in to a pre existing trend and put up a bigish stop reduction. Alot of day traders focus way to much on predicting and reversals, as my signiture states, reversals are early tendencies just wait alittle, and they have considerably smaller prevent losses so not only does such a trader trade longer about a'gut' feeling that he also has less breathing room and more likly to neglect.

Lets get maths into this.
Position and swing traders: such a trader will more often not to create a 3:1 and 2:1 RR due to the elongated time that he/she is able to ride the trend.
This means he can lose 3 trades and win only one and break even, so if he can turn a coin he can most prob earn money in the FX market.

Day traders: This trader will generally be trying to grab quick moves with high% chance of winning so that his RR will not be as striking as a position and swing traders.
This means he would need to have a better eduion than a swing or position trader to make money and the older coin trick wont work just as great.