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Seems like any of us would have better luck if we did the exact opposite of our natural instinct as chart readers,Especialy on lower time frame charts.
We have all learned the same methods of reading charts and if 75%of the 4X traders normal instinct at charting is wrong than doing the exact opposite of there normal instinct should be correct
I think this is the Holy Grail of 4X!LOL
Aussie triggered short on my 1H
AC short at .7887
Simple,What do you think about someone to create a post on the weekend of the upcoming weeks big news events and times they are happening.
Maybe we could put it as a stickey for easy access.
you will learn that you have to create a system and stick with it.
Not everyone or everything is what it appears.
people will call a play and everyone who plays it will lose there ass and somehow they will make a profit.
When news hits like it just did and you see 30 pip 5M candles all bets are off, You just need to pray your on the right side of the news.
I need to follow news closer!
Maybe just get out all together a few minutes before news and then try and jump in.
This news thing is killing me!
I can see where averaging down could have helped me in the past, But I could also see where it would have bankrupt me.
Right now I'm finally having sucess using 4H charts and have learned to trust them and not to panic at any sudden price movement.
Those 200 to 300 pip trends is what keeps me in the game.
Thats a good idea about averaging down on a trade,
Learning from trading Penny stocks you always heard don't average down..
seems like alot of those myths that we all learned from trading pennies we need to lose from our memory.
4X is a whole new ballgame.
I will say that I have learned more in the past couple of months using real money than I had in a year using a practice account.
Nice call,It's had more volume today than it has ever had in any one week. Pretty impressive!
AC also hopefully, Nice video on EA you made yesterday.
Even though we have different trading styles it is always interesting to get your perspective. Those videos are a great tool, I hope you continue to make them!
More people on here should take the time to watch them.
Your not going to tell him about all the sleppless nights and all the pain and heartache?
Lets all just be real,
If anyone is going to post and pretend like every trade they make is in the money then they are not real.
That is the only reason why I have talked chit in the past!
Lets get real and stop pretended like our chit don't stank.
I'm learning from my mistakes and if you don't make any then no one will learn.
You should try that Stochastic Simple,It might surprise you.
My biggest problem so far with forex is that one week my system will work like a charm and then the next I get slammed by it.
Then I'll change my system to work for when I got slammed only to find that the original sytem works just fine that week.
I know there is no such thing as a holy grail butt for some reason I still seek it on my charts!
I know you IBOX says you need to be succesful 80% of the time to make it,But I'm finding you could be succesful with just 30% winners if you let the winners run and get out of the losers quick.
There is nothing wrong with taking a loss!
There is something wrong with closing out your winners to soon.
All my opinion and as of now I still don't know shit!
Simple,I like to use the EMA(5)crossing the MA(20)as a trigger on 1H charts.
Also Like Stochastic(15,1,5)with a Smoothed MA(6)as an overlay.
Just thought maybe you or someone could throw them on your charts and see what you think.
Love to get some feedback!
Sorry for my outburst,4X is emotional and I have alot of passion,
I'll chill out! I really have no ill will towards anyone and if you ever got a chance to meet me you would realize that I'm actually a good careing individial.
I have learned more from simple than anyone on IHUB, Not sure why I would ever speak bad about him(I know it's the alcahol but I can't keep blaming it on that)
Promise my posts from now on will be constructive.
Closed a 100pip profit on AUD/CHF
Waiting to see where the consolidation leads to next.
It would be sweet if you got into 4X Cha-Cha!
This board needs some new blood!
Be better if you and I just started our own board.
Bottom indicator on this chart is new and brilliant!
It is so complicated that no one on here will be able to recreate it without some education.
You should follow him, Use 1Min.charts and pretend that you never had a losing trade.
Every new indicator that you create will have a 100% success rate and your shit won't stank.
Good luck to you!
LOLOLOLOLOLOL!!!!
come on Cha-cha this board is dead!
LOL. Hows it old school?
Hi Jimmy! Nice to see your still around.
I'm playing 4X as of late but try out this bottom buster scan I created. Promise that even though I have been away for awhile my chit is still years ahead of the curve.
bottom buster
• For the last intraday update:
• United States Stocks with...
• 20-day Simple Moving Average of Volume for today is greater than 500000
• 60-day Simple Moving Average of Close for today is greater than 1
• Daily Stoch RSI(10) for yesterday equals 0
• Daily Stoch RSI(30) for yesterday equals 0
• Daily Full Stoch %K(7,3,3) for yesterday is less than 20
• Daily Stoch RSI(10) for today is greater than Daily Stoch RSI(10) for yesterday
Don't quit on larger time frames just yet, Last week was a strange week that things didn't work out. You have been around awhile and there is no reason to step a step back just because there was a volatile week. Longer time frames are the way to go!
100% agree!Espeacially when the market is jumping around the way it has been this week.Most crosses seem to be at a crossroad with no clear cut direction.
Thanks buddy! took many hours of work to even have a ground floor of a system that I fill works on 4X.
Still trying to figure out those people out over on the 4X board. Seems like it's more important for them to find the way then it is to listen to anyone else. I have a filling that you know what I mean!
Maybe it's the drunken posts I delivered calling them all out
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$SARA,Chart on reply is looking interesting!
How have you been PJ? It's been awile.
I caught the 4X bug again,Finally starting to make some money with it.
Short A/C(80.85)Just took a short on U/C(90.78)
Still holding my long E/J(142.52)from the other day, This one has been a roller coaster ride.
Have you tried MT4 Mobile,
Didn't like it at first and now I love it.
Best thing in the world for us dumb asses who have to work for a living.
This has been a bull shit week!
These things are moving up and down without any reason.
Please everyone do not get discouraged and stick with your systems.
Things will get back to normal soon!
Thank You!I forgot about that..
I downloaded this synergy pro PT(it is the blue and red arrows on my chart)
I figured out that the arrows happen when the green line on the TDI crosses the 50 line, also you can see that this is around the same time that the 5ema crosses the 20sma.
The best thing about the synergy pro PT is that when an arrow appears it creates an alarm that can wake me up in the middle of the night.
Not going to catch the total top or bottom but this has been the foundation to my new system and for me finally being able to get a good nights sleep!
Not about great timing!
It's about a great system that trumps anyone on this board.
Told you all that I would be the one to figure this out!
You know that I have the cure for the common cold, I also shit like a race horse in the morning!
I would recommend using 4H charts.
This way if your in the central time zone you would only have to check them at 10pm,2am,and 6am..
This also will prevent you from overtrading.
I can remember when I first started using 5M charts trying to nail every top and bottom,Staying up all night long and then going to work the next morning like a zombie.
God knows that my ugly ass needs all the beauty sleep I can get!
Looking at E/J long(142.53)
4H chart(EMA(5)crossing SMA(20)and also bouncing off upper quad tunnel..
1H Stochastic(62,1,5)well above 50 line.
Waiting for a new candle to form(4pm)to confirm MA cross.
I can out chart all those people you mentioned and I can also prevent the common cold!
Two Tablespoons Apple Cider Vinegar,
1 Tablespoon honey(To make the Vinegar managable)
Mix with 16 Ounces of water.
You and your family will fill better in no time.
I would do this 2 to 3 times everyday for overall good health(Even when your not sick)
Apple Cider Vinegar is a Miracle to your overall health and well being!
Amazing how close the AUD follows the 24H Gold spot price.
You would think Gold is the only thing that matters to there economy
Gives us traders a little bit of an edge.
Now I just need to figure out what Gold is going to do next!
Just messing with you,However that crossover was the inspiration for my Stochastic(62,1,5)50 line cross method I have been using.
Having some good long trend trades from it lately.
It also help to prevent me from overtrading which I found out has been my main problem so far .
I'm up 160pips on a A/C long and up 235pips on a E/J short right now.
I still have alot of studying to do with this system but hopefully I'm on the right track.
Wouldn't it be easier to just buy when the green line on the TDI crosses 50 and short when it crosses below 50?