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13 minutes ago, dmedin said:

OH NO!  I LOST AGAIN!  :(

 

that's ok, because you are still working on a system that stats prove is valid you're still only on demo so not to worry.

if you did have stats backing up a valid system you were using on a live account then of course the stats would show the system would occasionally produce multiple losers but overall is fine so again not to worry.

  • Thought provoking 1
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My faith in TA is shaken :(

But I was just thinking to myself, since having a near-100% losing streak since I cashed in just before Easter ...  if it's possible to have a near-100% losing streak, it must be possible to have a near 100% winning streak too :D

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Just now, dmedin said:

My faith in TA is shaken :(

But I was just thinking to myself, since having a near-100% losing streak since I cashed in just before Easter ...  if it's possible to have a near-100% losing streak, it must be possible to have a near 100% winning streak too :D

it's not the TA it's how you use it, they are only filters. stop ******* around and find a strategy that suits you and your situation and practice it/test it, when you find something working then use it.

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36 minutes ago, Tradebot said:

@dmedinTA is useless ..You need to study and feel whats happening when you look at a price chart.

Then do the opposite. Remember players are being played.

I was long before Easter and making big money, but I had a superstitious notion of closing out 'just in case' and have lost so much money ever since trying to get back in, being whipsawed to death.

Edited by dmedin
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7 minutes ago, dmedin said:

I was long before Easter and making big money, but I had a superstitious notion of closing out 'just in case' and have lost so much money ever since trying to get back in, being whipsawed to death.

superstitions don't have anything to do with it, stop gambling and find a known strategy or make one yourself. Find 3 things that when conjugate on the chart you automatically do this or that and you know it has positive expectancy because you have done the testing and know it works over x number of trades.

Edited by Caseynotes
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All looks beautifully obvious in hindsight, look at price holding above a 20 daily SMA which begins to slope upwards; holding above 20 day SMA for a long time until dropping below and finding support on 50 daily SMA etc.

DJI-Daily.thumb.png.fd59bb7c1b27bad5cea95e7cbb46c29b.png

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Just now, Caseynotes said:

  has statistically proven positive expectancy 

Still looking for that.

Tried many things and none of them have positive expectancy, quite the opposite :D 

Edited by dmedin
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15 minutes ago, dmedin said:

Yes but that wouldn't make you initiate a new long trade would it?

me no, I'm not comfortable trading off a H1 chart but I would know what's happening on the H1 and depending on PA speed would be looking at a M5 or M1 (or something in between like a Renko) for the lower time frame confirmation of the rejection of the level or the first pullback there after.

image.thumb.png.9149a40c955b9d9e7d7297936ca7e271.png

 

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1 minute ago, Caseynotes said:

me no, I'm not comfortable trading off a H1 chart but I would know what's happening on the H1 and depending on PA speed would be looking at a M5 or M1 (or something in between like a Renko) for the lower time frame confirmation of the rejection of the level or the first pullback there after.

Huh?

What's wrong with one hour lol

Edited by dmedin
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4 hours ago, dmedin said:

All looks beautifully obvious in hindsight, look at price holding above a 20 daily SMA which begins to slope upwards; holding above 20 day SMA for a long time until dropping below and finding support on 50 daily SMA etc.

DJI-Daily.thumb.png.fd59bb7c1b27bad5cea95e7cbb46c29b.png

Take another look😉

Dow daily 6.png

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14 hours ago, Kodiak said:

Take another look😉

Dow daily 6.png

I'm quite new to this, but is this a rising wedge? The fall below the lower trend line on Monday should have signalled a move lower?

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