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

@genghistar:

To be appropriate in trading you will have to be absolutely wrong

I'm not sure whether your thread title is supposed to be a universal truism, or applicable only for your own trading strategy.

For instance, in 1 egy that I utilize,'flipping' a commerce immediately after a reduction would be a bad choice, as it might have me trading contrary to short/medium term fundamental trends (as I read them). When I take a reduction, I just wait for another low risk entry (as ordered by my own analysis) in precisely the exact same way as the first place. Or I might end up taking a commerce in a different pair. I see every place as an independent transaction that has to be valid on its own analysis-based merits; it is not only a vehicle to regain any current reduction (es). For worse or better, that is the way that I look to operate.

But of course everybody's approach differs, and'flipping' your entries may work perfectly for your own style of trading.

Originally Posted by ;

@: To be appropriate in trading you will need to be absolutely wrong I am not sure whether your thread name is meant to be a universal truism, or applicable merely to your own trading technique. For example, in 1 egy that I utilize,'Placing' a trade immediately following a reduction would be a bad option, as it would have me trading contrary to short/medium term fundamental trends (at least as I read ). If I take a reduction, I just wait for another low risk entrance (as dictated by my analysis) at the same direction as the first position....

Very very good thing and if you do completely understand my method if and when there is a need to reverse a trade which means I am on the wrong side (which isn't often) the reverse new holding/breached levels will change accordingly and very rarely is the flipping immediate and in the alarming degree since there will always be pullbacks unless its a geopolitical issues or an competitive CB interventions. Hope it helps to answer your purpose and thank you for asking.

GS

The point I will need to emphasise and transparently in this thread is I am not and do not mean to have any kind of private dealings with individual or any corporations, everything must be done publicly, over board and selflessly. Of course I will not talk about the source code in public once the approach is automated but I shall share to a on a strict rule based on NDA and they'll also have to agree to commit to a community job called'one type act a day'.

Tq thats all for today.

GS

Okay I will now like to examine my understanding on trends are being shaped and is trend an integral part of mystery to comprehend concerning PA and its arrangements in order to be a better trader.
Basically a chart is a graphic interpretation of the overall human mind based on greed and fear so currency moves are generally being moved around what is known as a deviational band from its means and at the end of the band are also known as tipping points or support or resistant or in my situation breach and maintain levels. In normal and general condition, distributions/accumulations will happens at this band points as price consolidates and also a trading range is set. This occurs 75 percent of the time according to normal and rational human mind is molded. (standard flight or fight ratio during emergency is 75/25) Yet as circumstances and conditions are evolving and dynamic, price will always will either split or break from those bands as it's to readjust/rebalance its route accordingly into the new dynamics presented and thus a trend shift is created as PA set forth to re-designate/reset to a new set of band. Trend change first begins with intraday then move on to m/t if succeeded and onward to long term intra month basis. Consolidation for major pairs is restricted to less than two sets of bandwidth.
So it is vital and imperative you must know where all those tipping points or R/S or hold/breach levels are loed precisely or you'll stand no opportunity to gain consistently from this exceptionally intricate price movements arrangement. What's when different currency pairs are using slope tolerance and bandwidth. Its more concentrate on the E/U which is the pairs with ranges and learn how to master it then move to a different pairs. Believe me once you've master this pairs that the rests will be much easier to grasp.Those who exchanged over 4 pairs are generally people that exchanged on mini or micro accounts without a consequential stop losses due to the negligible amounts involved and probably have a different schedule like trying to show or prove they're a superior or accomplished trader. The simple fact that they're trading a lot of pairs will automatically means he will jump to be right in trading among those pairs then the gloating and the self praise will begin and at precisely the exact same time conveniently forgetting and leaving about those other losing pairs. You may read and see about this thread that is especially on the main E/U. When they're lost and clueless on the E/U price movements will be talking and talking and arguing about everything except the main E/U subject theme. A vipers and its a circus pits on the market.
In order to have the ability to trade on more m/t trade realms one must first know the intraday PA construction. Without it. One will not only be unproductive he will always be in knuckle manner which if a person isn't careful can result in mental and extremely detrimental physical impairments. Exchanges its far better to pay a small premium on it such as I have been doing the last 30 years since the premium is indeed miniscule nowaday however if you're a major corporation businessman where you have to hedge your prices against any untowards. Afterward the premium was horrendous and I had survived 2 cycles of currency devaluations yes currency devaluations not currency depreciations. Looking back I wish I would have know today what I didnt know then. Imagine needing to exchange your bodily currency not by its own value but by its own weight!! Scarily funny...
So enough of rambling for today and I highly guess nobody will even bother to read this sheet but lets look ahead for better futures and outcomes. It is a lot more dignified to be which we are not. Hell now I realised that since we age our mind begin to ramble much more like the way I used to call my own parents long winded, a very long time ago, lol.

GS

Alright the new intraday hold/res degree is 10887 and if its breached the reverse 10836 will likely be @ 10836 tp degree and lets see how the PA is going to play out. Occasionally (about 25% likelihood ) price will breach the top level and then come back and take the lower holding degree as well. In this scenario price is about for 1 more leg before turning upward. Therefore any double break of hold/breach amount will reign and this usually happens only during consol/rangey market conditions like the current E/U PA.. Most majors PA are merging except GBP which is very likely to consolidate soon.

Stay nimble during consolidation as PA can be whippy and posed a significant challenge to exchange.

GS.

Originally Posted by ;

Alright the new intraday hold/res amount is 10887 and when its breached then the reverse 10836 will likely be @ 10836 initial upper tp degree is 10944 and lets see how the PA is going to play out. Sometimes (roughly 25% likelihood ) price will breach the upper level and then come back and take the lower holding degree too. In this case price is about for 1 more leg before turning upward. Therefore any double break of hold/breach amount will reign and this usually happens only during consol/rangey market conditions like the current E/U PA.. Most majors PA.. .

So today we have new intraday holding level@10836 following 10887 is broken up the first tp is at 10944.
I was going thru a few thread and made a few unsolicited and unwelcomed remarks and I have noted the general comprehension of post-trade analysis have improved exponentially and that is good for retail traders. Pls remember that knowing how to interpret/read post trade chart doesn't mean that you're a successful trader but the good news is away from becoming just one, you are just one degree. Remember learning is a journey.

GS.

Now the Energetic holding level has Changed to 10850 from 10836

GS

Originally Posted by ;

Currently the Lively holding level has shifted to 10850 out of 10836 GS

Currently @10865 out of 10850

GS

Price is holding and moving 1 leg to 10960-80 lvl b4 . Current level is 10880.

GS

Originally Posted by ;

Price is holding and moving 1 more leg to 10960-80 lvl b4 turning south. Current holding level is 10880. GS

Price is at our profit goal zone and needs to be capped @11025 degree.

GS