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rlygangesh

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Posts posted by rlygangesh

  1. Does any body was able to make it work with the Blood Hound . I think testing on a BH is a best way to make it profitable .

     

    Hi

    i have little knowledge with coding & bloodhound.

    can you give the indicator download link & the way you want( trade condition, entry, exit)

  2. You are learning in the wrong way ( my 2 cents)

    Fisrt forget start with daytrading, is the most worst place to start.

    Second forget all indi and system.

    Start to looking the chart alone.

    Start demo and act in same way as real money.

    Post here your result.

    Any way good look

     

    Sir

    without any guidance/Materials/book if someone able to acquire knowledge than it will great wonder.

    we have to look empty chart , a novice trader only extract OHLC value from empty chart

  3. mateyboy you are way ahead of the pack glad to see there a few people like you around let me get some of you lot gears turning i haven't talked to Sixer yet but he seems to be a ahead as well at least when it comes to delta and cycles in general.

     

    Delta is a lost knowledge, specially for this Forex generation that are so blind by Algo's, EA trading and harmonic patterns stuff not to mention they have no idea what Algo really is in term of institutional level its funny to even watch them talk about it.

    so you guys should consider to be very lucky to have this opportunity to learn it, just like when forex was only available to institutional level and recently became available for public trading, its like one of the last free enterprise available after only commodities the super market of the world.

     

    Think like this, you know the saying goes, that 90% of traders fail with in 3-6 months? that classification comes mostly in the form of retail traders such as you and me.

    why you think that is? you are all doing the same thing over and over again you are all learning the same exact tools just different mentors thats been spread all ove the internet day in day out.

    all this retail tools, candle stick patterns, harmonic animal patterns, Fibonacci, Elliot wave, body parts patterns, dishes patters, double top/bottoms RSI, EMA, Trend Lines, OB, OS, divergence.

    some mentors may change the names but its all just the same candy under different wrapper and yet the war for the 'holy grail' continues.

    You really think large institutions and institutional banks don't know all this stuff retails know? why you think every time you place a stop bases on some trading idea that's wildly spread around like

    putting a stop just above or bellow a high or low swing point just for the market to take you out to the tick and then resume the intent direction?

    All the're are doing is taking the other side of that trade and depending of your broker so does them too, hence the term 'B booking'.

    Retail as a collective doesn't move the market large institutions do they have large capital deep pockets that even retail as whole cant come close to the moves you see in the markets

    are done by these big players doing massive real tangible exchange of goods, that's why you are a speculators you are just a by stander just riding the wave.

    Forex is a good example when a UK Company wants to buy a US Company they got convert that Pound Sterling to US Dollar, say the transaction is $200 billion dollar, they go they main institutional bank

    and ask for such exchange rate and that Bank A maybe not be able to do all that by it self and Bank A will ask Bank B for a temporary partnership so that they can efficiently spread order across the market place with out major wild volatility they do so over a period of time they just don't trade $200 billion in one click on GBPUSD and yes they dont need stop because that their store the control price.

    Here is another nugget large institution they are not looking at 1min 5min 15min 60min charts like every retail traders are, they operate largely on Daily+ time frame because they have so much volume trade a 15min doesn't have enough liquidity to move their size, so higher time frame like Daily is require over several periods,

    Also think about it these groups run financial market you really think they sitting on a desk for 8 hours a day looking a 15min chart tick by tick? trust me you wouldn't either if you had that much cash,

    you would spend that time with family or other investment fronts, etc. so if they're not doing it why would you? we know you don't move the market, if you can't beat them join them right?

     

    The definition of insanity is doing the same thing over and over again and expecting different results, so its not sane to think then of not doing what every else one is doing and look where no one is looking?

     

    Trading in general:

     

    Have anyone of you stop to look at a COT? or OI? its all there by law is require that big players report they positions every closing week.

    There is a reason that the lines are named as it is: commercial non-commercial and speculators and guess with line is following the smart money? i'll let you guys study it further.

     

    Now to More specific things like Forex:

     

    Do you trade forex with out looking at Dollar Index? if you do you missing out half if not more of the information presented to you, whether you like it or not, Dollar is kind period.

     

    When you trading GBPUSD or EURUSD are you looking at EURGBP?

     

    Equities:

     

    When trading E-minis are you look at only one of them 3 or all of them 3? ES NQ YM.

     

    Bonds:

     

    30Y 10Y 5Y this is the base line to all trading 'money seeks yield' everything else follows, are you looking at all of them 3 or at all?

     

    Commodties:

     

    Are you looking at seasonal effects? or weighting in against the big ones?

     

    Stocks:

     

    Do any one know why there's a saying 'sell May go away' ? and do you know what the opposite of that is?

     

    That should be enough to get most of your intermediate to advance guys gear turning for a while.

     

    thanks for descriptive knowledge , it smells like Larry isn't it?

    but we poor retail trader can't trade daily/ weekly chart, so some knowledge related to short term time frame required?

    please keep commenting

  4. kishisakis post is not discussing the trading of the MC0 and MCI time frames.

    His post is related to the MC1, MC2 and MC3 time frames.

     

    But it would be interesting which stuff he is recommending for studying the price action (Brooks ..)

     

    Sixer

     

    sir i have spend a tiny time with Al Brooks Courses but i haven't spend much time on this because

    1. he focus on various chart pattern like head & shoulder, wedge , triangle , square & channels

    2. i was focusing for short term entry technique But His technique was based on long term time frame & also too descriptive while entry & exit should be objective

    my thinking is that entry & exit should be objective & well defined .

     

    also kishisakis sir indicating that it has no relation of candlestick pattern etc.. (here Etc. means ????)

    means This price action doesn't use today popular so called technique Chart Pattern, candlestick Analysis etc..:D

  5. Sixer is right i been following him for a while now his very knowledgeable of delta's subject and myself been trading with Delta since early 2000's here is my piece of advice:

    also make sure you trading regardless of time frame that you have a least 2 preferable 3 delta time frames confluences and focus on that direction, also once you learned delta fully and confidently learn a proven price action method so that you can blend in time and price for an X mark the spot phenomenon.

    and no i don't mean fibonacci, elliotwave, harmonic patterns, indicators, candle stick patterns, etc, i mean institutional level price action, trust me on this one it will be worth the effort.

     

    thank you very much for advice

    currentely i m trying to paper backtest with MC0, MCI . for that "X" i am using a software that gives reversal type signal on like as pin bar

     

    can you please elaborate more about proven price action method ?

    it will more better if you give any book/ course/ software name for learning.

    actually it is out of my syllabus when you say Price action haven't relation with fibonacci, elliotwave, harmonic patterns, indicators, candle stick patterns, etc,

     

    this price action is alien for me. sorry for my ignorance & for this type of basic question.

    advance thanks for your further direction

  6. sir

    i haven't use even MC4 than MC5 & MC6 is far far away.

    Delta Graphic have almost 40 market solution but i think S&P have 10 point solution in Delta Graphic , you stated 12 point solution for STD (Short Term Delta).

     

    S&P 500 trading time is 6:45 hours but My market have trade time 6:15 Hours. so it is necessary to solve my market by myself. different in number of point & TRADING HOURS IT BECOME Complicated so basic thing like how many number of point & inversion/no inversion matter a lot

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