How do forex traders predict price? - Page 3
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Thread: How do forex traders predict price?

  1. #21
    Quote Originally Posted by ;
    quote Pretty much agree with you, just a couple of ideas: (In my humble opinion) I do not use Risk:Reward and TP. My machine gives sell signal when price is extended into the upside and provides buy signal when price is extended into the drawback. Therefore the Risk:Convenience is always good. I stick to every time frame (TF) and notice which TF has exactly what kind of signal (buy or sell). Each TF has distinct 'power': - Monthly is your strongest, it contains average 4 weekly, ~20 daily, ....candle. - Weekly is your second, it comprises 5 daily, 30 H4,....candle...
    Nice post, Just a little comment from me. If you wait for every single time frame to get on 1 side (buy or sell), it signifies trader looses already 'large' part of trend (he jumps in tendency too late on higher time frame), what I am attempting to do is I use mid time frame. for ex. 1 hour or 4 hour for entry areas, if 1 hour I am searching for shorts (even if weekly/monthly r upward), for entrances I utilize 5min charts (when I loose, I give quite modest number of pips). And for leaves I utilize bigger time frames daily/weekly/monthly. I jump in longs/shorts based on 1 hourly/4h charts and put SL at breakeven. After some time, when for ex. Weekly tendency will stabilize I will already have positions.

    For example today. EURUSD shows last 2 weeks up, but we can not understand when retrace will end/or even is it retrace? Or new fad. But at the moment I have two shorts with this week candle wick. Maybe those two positions will probably be something large (if it's only retrace) or maybe they will die on breakeven. I can not understand, I just follow.

    Hope it makes sense,

    Thanks for response, I appreciate that.

    Regards,


    Edit: My job as trader is to manage risk, I choose only setups where SL quite close and there's bigger opportunity to put SL @ BE. That is it. And let market to reward me or not.

  2. #22
    Just keep trying to improve ur ability and technique for anytime u do ur forex trading, will create u getting better and better for everybody u do ur forex trading, since u may learn from ur expertise and learn from ur mistakes, and just like other people said expertise is the very best way to understand.

  3. #23
    I do not predict price at all (I don't have any idea where the price is going to. . .so how could I attempt to predict it?) .

    So, what I basically do is trying to take advantage of probabilities.

    I dont use some other indior. . .my images are 100% clean.

    My indior is PRICE, taking in consideration the management of price, maximum and minimums, and a few support and resistances. . .and thats it!

    Stated that, I really do commerce base on probabilities. And I try always to discover opportunities where my probability is 1:2 at least...

    Should you ask me anything about what the fundamental news mean, or some other appropriate announcement...I don't have any idea, I dont need to become an economist, or even financial expert to trade Forex...I just need to know how to earn money on it.

    Many, many men and women spend years analyzing and practicing unlimited quantity of info, history of images, indiors, etc.. . .just to attempt to predict the management of cash. Price is not predictable, thats why lots of men and women get frued, as well as also the most weighted reason 95% of traders fail...

    There are hundreds and hundreds of courses....but the machine, the key is that the price, just watching the graphic. . .nude graphics. . .thats everything you want. Then open a demo account and start trading considering how to take advantage of probabilities...

    I use Fibonacci BUT ONLY TO EXIT. It is a good instrument to have an idea when a trend could complete or make a retraction (along with supports and resistences and maximums and minimuns).

    It is very important to know that any egy could work for some traders and dont work for many others....why? Because every single person has different character, so you polish a general egy into your egy that fit your character.

    I am so glad I was so lucky to find someone who tough me to trade simple. I use Price Action, but that I trade slightly different my mentor, just Im adjusting his system. . .and works for both people!!!

    Good trading to all.

  4. #24
    Quote Originally Posted by ;
    I do not predict price at all (I have no idea where the price is about to. . .so how could I attempt to predict it?)
    Quote Originally Posted by ;
    I dont use any indior. . .my images are 100% clean. My indior is PRICE, taking in consideration the direction of price, maximum and minimums, and some service and resistances. . .and thats it!
    Quote Originally Posted by ;
    or any relevant announcement...I have no thought
    Quote Originally Posted by ;
    Price Isn't predictable
    Quote Originally Posted by ;
    nude images. . .thats everything you want
    Quote Originally Posted by ;
    I use Fibonacci BUT ONLY TO EXIT. It's a good tool to have an idea when a fashion could complete or make a retraction (along with supports and resistences and maximums and minimuns)
    Contradictions galore. Unreal.

  5. #25
    Quote Originally Posted by ;
    quote So, you think I predict? . . .no, I don't have any idea in which the price is about to.... I exchange based on probabilities, nothing ekse, and I don't really care if price go up or down. . .because my trading isn't based on predictions, I just follow the price. . .so, where the contradictions are? Saying just contradictions into a comprehensive post full of make sensestatements is at least reckless.... So, after that insolent remark you should explain yourself. . .or do not say anything if you don't have arguments. Anyhow, I just posted what I am...
    You just spent however long talking about the way you have nothing on your own charts. Naked. You replied yourself over and above. Oh, and also you do not predict. And then you go on to state you utilize fibonacci because (somehow, in line with you with nothing to back it up) it is a fantastic instrument and you use it to exit transactions.

    So that you call that your exits with a fantastic instrument, but also do not predict and utilize naked charts. Yeah, fantastic job. Get your story straight.

  6. #26
    Quote Originally Posted by ;
    quote So, you believe I forecast? . . .no, I have no idea in which the price is going to.... I trade based on probabilities, nothing ekse, and I don't really care if price go up or down. . .because my trading isn't based on forecasts, I just follow the price. . .so, where the contradictions are? Saying just contradictions into a comprehensive post full of make sensestatements is reckless.... So, then insolent remark you need to explain yourself. . .or don't say anything if you don't have disagreements supporing it. Anyhow, I only posted what I am...
    Here is the trouble that nubs has, so do I.

    1. Either you use indiors, or you don't. This goes for every aspect and period of your trading. Nobody is breaking up your balls per se, but you will need to be consistent in the way you trade once you print these items.

    2. If you use anything other than a spread sheet, then you also use an indior. Any sort of chart is an indior.

    That is all. That is the only gripe a seasoned trader who is a student of the business would have.

  7. #27
    Quote Originally Posted by ;
    quote You only spent talking about how you've got nothing on your charts. Naked. You replied yourself over and over. Oh, and you do not predict. And then you go on to state you use fibonacci since (somehow, in line with you with nothing to back it up) it's a fantastic tool and you use it to exit transactions. So you call your exits with a fantastic tool, but also do not forecast and use naked charts. Yeah, good job. Get your story straight.
    Again, you don´t clarify your argument. Should I use Fibonacci with a few aid, resistence or retraction for a guide to leave the market doesn´t change anything within my general post and trading style with no indiors.
    And more, what is your point? I only stated how I trade, so if a person is tired of using a lot of BS demanding in most of courses and brokers instruction. . .there is other methods to operate the market.
    If you don´t like it, fine for me...I don´t pretend anything with my post. . .capisce...

  8. #28
    Quote Originally Posted by ;
    quote Here is the trouble that nubs has, and so do I. 1. Either you utilize indiors, or you don't. This goes for each and every aspect and period of your trading. Nobody is busting your balls per se, but you need to be consistent in how you trade when you publish these items. 2. If you use anything aside from a spread sheet, then you use an indior. Any sort of chart is an indior. That is all. That is the only gripe a seasoned trader who's a pupil of this business would have.
    I am more than constant, I don´t use any indior to exchange. I simply use Fibonacci like a benchmark, together with some service, resistence, or retraction of price....thats it.
    If you want to say I utilize indiors due to that. . .ok, what the issue is?
    I simply stated how I operate, and I am doing well with it. I know that there are many, many traders overwhelmed because the tons of indiors, history studying and BS. . .so I pretended to demone that there's other way to exchange, and you dont need to spend years and a lot of cash in crap courses for a consistenly succesful trader.
    Thants it...I dont understand how my article could be damaging to anyone. I simply try to include something within this thread. . .you dont agree with me, thats fantastic. . .but dont attempt to be critical and negative per se.

  9. #29
    Quote Originally Posted by ;
    quote I'm more than consistent, I dont use any indior to exchange. I simply use Fibonacci like a reference, together with some service, resistence, or retraction of price....thats it. If you want to state I utilize indiors due to that. . .ok, what the issue is? I simply stated how I operate, and I am doing well with it. I understand that there are many, many traders overwhelmed because the heaps of indiors, background analyzing and BS. . .so I pretended to show that there is other way to exchange, and also you dont need to spend years and a lot of cash in crap...
    I find that you are new member. Welcome to the Factory!

    Criticism is not always negative.

  10. #30
    Quote Originally Posted by ;
    quote I see that you're new member. Welcome to the Factory! Criticism isn't always negative.
    Yes, I am new here, but I use to post in a number of forums, this isn't new to me. However I take criticism, I don´t take negativeness. . .and I know each one . Welcome to my remarks....only if you're positive othewise I don´t care to much really...(I am already filled with unwanted folks, I don´t waste to much time on these, so if you're one of these I won´t spend more time replying -I won´t response to NUBCAKE any longer, he's unwanted-...I don´t know well about you yet...).

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