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d7769

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Posts posted by d7769

  1.  

    It won´t make a difference knowing those orders... The problem is consistency. I am still not very consistent, my equity curve is like a range, I make money and give all back, rinse repeat. It´s not a technical problem, it´s psychological. I know what I have to do and what I shouldn´t , but I enter revenge trading mind very easily when I get stopped or make some other screw up.

     

    I am combining BTMM with SMC and it´s working nicely. For example yesterday I took a short trade in GBPUSD right in the high of the day and by the end of the day I was 60 pips in profit. I had like a 2 pips stop loss, so this was 30R trade right? Very nice. My initial target was waaay below, like 200 pips down, but I ended up convincing myself that the market would go up at the end of day and started getting afraid of giving all profits back, so I closed the trade and even opened some longs which initially were on the green.

     

    Today when I woke up, I saw that the market had crashed, stopped me out the longs and to make me even more infuriated, it had reached and surpassed my initial 200 pip target that I abandoned when I convinced myself of going long... If I had let my trades at break even and never touched them, I would have made a huuuuuge profit like more than 200R. So this messed my head and I Started trying to catch bottoms, getting stopped out, started opening bigger positions, stopped out, started hesitating to take trades when I should and of course when I hesitated the market would do exactly what I predicted and when I decided to take action I would be wrong - this only sent me on an even worst downward spiral of self sabotage... So I gave back all I had made the previous day, and a bit more.

     

    Tom Dante has a great video on youtube about creating a demon list. i suggest you to watch that and follow the tips. it really helps. AND the f***ing journaling helps a lot. i was against it all my trading years (6+) but in last year i have started to do it and it helps to see the weak points in my trading and because of that i have created my A+ setup which has a very very high success rate and when i see that i took way bigger position size and for most of the cases it works out well. i have also punishment rules if i do revenge trading and with that, you are more conscious when you are about to enter in revenge trade so then you can prevent it more easily.

    i also need to work more on the exits and for keeping trades longer, but from my journal i see that i have 60% of the time good exits on profitable trades, before it was waaay lower so now its even more challenging to increase the % of the perfect exits.

    and the usual stuff- workout and meditation helps a lot (at least for me)

     

    p.s.

    there will be always another trade so no point of being pissed about missing a good trade.

  2. Hey guys, can someone help me create a custom symbol in Sierra? I wanted a USD index using only EURUSD, GPBUSD, AUDUSD and USDJPY I am almost getting it right, but something is bugging me here: if in multiplication the order doesn´t matter, why am I getting a different chart when using:

     

    -1*{USDJPY}*{EURUSD}*{GBPUSD}*{AUDUSD}

     

    Vs.

     

    {EURUSD}*{GPBUSD}*{AUDUSD}*-1*{USDJPY}

     

    Which is the correct way?

     

    post that in their support board. they usually answer within 5-10h. or user discussion, sometimes thats even faster.

  3. Hi Logicgate,

    Very nice, appreciate for sharing chart.

    I have being studying VSA only for quiet long time and know all SOS and SOW but still no result/confidence in my trading.

    I think I dont have right platform, I do trading only on tradingview platform and not getting result.

    Looking at your chart, if you dont mind can you please guide me which platform you used and if it ninja trader, how to learn it. I downloaded ninja 7 long time back and uninstalled it later as I struggled to use it.

    Please advise.

    Thanks.

     

    thats MT5. i suggest you to read David Weis book - trades about to happen, it will help you a lot in your journey.

     

    p.s.

    if you want the advanced and really good platform, i suggest you to go with sierra charts, but there will be a monthly fee for that.

  4. Does anyone have this course?

     

    I would say we could GB it, but damn, don´t feel like paying US$349 for this, even splitting between a lot of people...

     

     

    https://www.ltg-trading.com/advance-wyckoff-series/

     

    before a couple of years ago i took "wyckoff starter serries" from LTG, to my mind it was not worth the money (though, some small value was there, but not for such price). i highly doubt that something has changed.

    i would only join for this if it would be really cheap.

  5. Anyone had any great success with Wyckoff ?

     

    not the easiest strategy, but if you study it well, you will be awarded for sure. I would suggest you to study it in parts, first really understand one concept and see it on charts many times (create a folder with many screenshots of the setup) between switching to another, lets say start with springs and upthrusts and remember its important to know where they happen, the background is always vital. Read David Weiss book -trades about to happen and watch Gary Dayton videos.

     

    p.s.

    and dont listen to people who says no point of looking at volume in FX as its not centralized and so on... many research has proven (and many traders who trade only FX by using fX vol) that there are 90% correlation to real vol. ...the important part is to understand the concepts well.

  6. will reply the same what i shared in other thread, but it will help you.

    i suggest you to study wyckoff. VSA is a simplified version of wyckoff and missing a lot of important things. its, of course, harder to understand, but worth it! you can start with Tim Ord, David H. Weis (read: trades about to happen), Garry Fullett, wyckoff institute, feibel trading twitter posts (some has shared here long pdfs with his chart analysis). if you dig deep in the literature you will understand that a lot of strategies have developed from wyckoff, actually the biggest part of them. so its worth studying the creator...

  7. Is there vsa course explain the vsa all thoery good one

     

    i suggest you to study wyckoff. as VSA is a simplified version of wyckoff and missing a lot of important things. its, of course, harder to understand, but worth it! you can start with Tim Ord, Garry Fullett, wyckoff institute, feibel trading twitter posts (some has shared here long pdfs with his chart analysis)

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