Indices

[Caseynotes]

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.

[Caseynotes]

 

[dmedin]

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

[Caseynotes]

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

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.

[Tradebot]

@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.

Edited May 6, 2020 by Tradebot

[dmedin]

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 May 6, 2020 by dmedin

[Caseynotes]

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 May 6, 2020 by Caseynotes

[Tradebot]

you get a whip I get a saw one good trend pays for them all..

[dmedin]

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.

[dmedin]

Be on the lookout for a potential you-know-what 🙊

[Caseynotes]

Dax checks dR1 before pulling back.

Dax and Dow H1;

[dmedin]

Uh oh

[dmedin]

Mama mia!

https://www.msn.com/en-gb/news/coronavirus/italian-scientists-claim-to-have-developed-world-s-first-coronavirus-vaccine/ar-BB13Gn5I?ocid=msedgntp

[dmedin]

I don't know what to do!  Help  

[Caseynotes]

1 minute ago, dmedin said:

I don't know what to do!  Help  

just follow your plan,  ...oh, wait no, make a valid plan which has statistically proven positive expectancy and then follow it.

[dmedin]

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  

Edited May 6, 2020 by dmedin

[dmedin]

Is 'Wave C' starting 😮 After I got stopped out at a huge loss yesterday going short  

[dmedin]

The end is nigh.  Prepare to meet thy maker.  😊

[dmedin]

Behold the amazing powers of hindsight:

[Caseynotes]

Dow checks the daily pivot and reverses.

H1 chart;

[dmedin]

7 minutes ago, Caseynotes said:

Dow checks the daily pivot and reverses.

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

[Caseynotes]

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.

 

[dmedin]

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 May 6, 2020 by dmedin

[Caseynotes]

3 minutes ago, dmedin said:

Huh?

What's wrong with one hour lol

too slow.

[dmedin]

Just now, Caseynotes said:

too slow.

Hahaha  

[dmedin]

The selling picks up with volume.  Note, I was stopped out last night by the high-volume 8pm selloff.  So maybe sell in May is still on  

Edited May 6, 2020 by dmedin

[Kodiak]

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.

Take another look😉

[dmedin]

2 minutes ago, Kodiak said:

Take another look😉

😮

 

[dmedin]

I can't find any system that works reliably ... what gives?

[_pR]

 

14 hours ago, Kodiak said:

Take another look😉

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?