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Re: Honje's collection of indicators, strategies and trading journals

284 by Jedidiah
PumbaPLS wrote: Mon Jun 13, 2022 7:40 am Added a bit more "PumbaPLS" in it ;)
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Krelian99 wrote: Wed Mar 01, 2017 10:42 pm Darkdoji, very nice and interesting so far, but what should be the goal of this thread?  I use a M5 and a M1 chart of one pair to see the price action on the lower tf as confirmation on the M5 chart.
An example is the following hammer candle in H1 and what they look like on the lower tfs:

 
But that isn't really what you want, if I understand you correctly. When you take an academic book or paper you read the Introduction and the Conclusion first. Most of the papers and Theses I read where useless for my goals and I also always take a look on the results, but here we have none of that but the first part of the methodology. So we can't discuss or help or whatever.
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Hi PumbaPLS

I just woke up and saw your chat
I'm surprised
Thank you for always helping me and the members on the forum.

Your system is great, minimalist, and beautiful
Although you are doing 4H, I think 30S can also be used
Like the description of the thread I referenced.
Because I think that only by doing short-term trading can we continuously train and improve our understanding of market flows.


My question is
I want to avoid situations where it doesn't move in the expected direction or suddenly reverses within 30 seconds of entering a trade.
I hope I can be like yours in the future.
so
I will keep changing myself and keep trying.
I want to know all this.
why is it like this
How to fix the problem

Respectfully,
honje19960321
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Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Honje's collection of indicators, strategies and trading journals

286 by Jedidiah
Jimmy wrote: Mon Jun 13, 2022 3:14 pm Thank you for helping us fix the broken links Honje! :)
Hi Jimmy

A little busy these days. Sorry, I haven't responded to the email yet.
I'm going to check the daily download thread in one go today :D

Respectfully,
honje19960321
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Honje's collection of indicators, strategies and trading journals

287 by PumbaPLS
If you want to catch momentum I recommend trading Indices instead of Forex.

Watch how for example DOW,SPY and NAS move. One of them starts usually leading the move and at some point the other 2 "agree" to the direction of the leading one and you get a very fast and reliable push.

If trading the 1minute chart you can get a consistent 2 candle push.

Another thing is... London and NY open (Stock opens) give you the most reliable volatility you can find.
I only trade the first 30minutes of each open and then my daytrading day is over.

My average trade duration is 3minutes these days and I am actively trading for less than an hour a day.

Traders often confuse working hard with trading a lot and spending 12hours a day on the charts.
Thats one reason why Traders struggle to be profitable.

Maybe this helps you.

Cheers
These users thanked the author PumbaPLS for the post:
Jedidiah
You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew

Re: Honje's collection of indicators, strategies and trading journals

288 by Jedidiah
PumbaPLS wrote: Mon Jun 13, 2022 4:26 pm If you want to catch momentum I recommend trading Indices instead of Forex.

Watch how for example DOW,SPY and NAS move. One of them starts usually leading the move and at some point the other 2 "agree" to the direction of the leading one and you get a very fast and reliable push.

If trading the 1minute chart you can get a consistent 2 candle push.

Another thing is... London and NY open (Stock opens) give you the most reliable volatility you can find.
I only trade the first 30minutes of each open and then my daytrading day is over.

My average trade duration is 3minutes these days and I am actively trading for less than an hour a day.

Traders often confuse working hard with trading a lot and spending 12hours a day on the charts.
Thats one reason why Traders struggle to be profitable.

Maybe this helps you.

Cheers
Thank you for always giving me a lot of good advice.
I'll go learn Indices instead

Although I don't quite understand it yet.

All I do now is follow the most volatile currencies.

All in all. I will keep trying.

Cheers
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Honje's collection of indicators, strategies and trading journals

289 by Jedidiah
1655215249706.jpg
:razz:
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

Re: Honje's collection of indicators, strategies and trading journals

290 by Jedidiah
Jimmy wrote: Mon Jun 13, 2022 3:14 pm Thank you for helping us fix the broken links Honje! :)
Hi~ o(*￣▽￣*)ブ Jimmy


I have harvested a lot of treasures in Daily Downloads these days

Thanks for putting good metrics together in one thread. Let me find it quickly.

Cheers
These users thanked the author Jedidiah for the post (total 2):
Jimmy, moey_dw
Be patient therefore, brethren, until the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth: patiently bearing till he receive the early and latter rain.
Behold, we account them blessed who have endured. You have heard of the patience of Job, and you have seen the end of the Lord, that the Lord is merciful and compassionate.

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