jullian29 wrote: Tue Apr 04, 2023 9:01 am
I just don't get it, man. The pilot did not put any stop loss. With all due respect, even if you say with full confidence that Orbit does a 100/100, no SL = a no no for me. There has got to be a better way to enter a trade without having those huge draw downs, both those short and long entries were just for 0.01 lots for goodness sake.
Interesting... where did you see huge drawdowns here??? Both trades, up and down, are made absolutely correctly. Once again.... ABSOLUTELY. The fact that after the sell price fluctuated a little before making a big move does not mean anything. You can't know exactly how and with what aggressiveness the price will move in the direction of your open position. It can slowly slide throughout the day, or it can make a sheer wall within an hour. There was no noticeable drawdown in the first case. The price did not even try to return to the upper extreme.
Regarding stoploss... Do you know what stoplosses are invented for??? In order to be ripped off by other traders in search of liquidity (big uncles, not us), who open positions of 50-100 lots and they really need liquidity to enter, which you kindly provide them in the form of a set of your stoplosses. You must have repeatedly observed situations when the price moved against your position, went a certain distance beyond the extreme and turned down aggressively... So, it was them, big uncles, who dragged the price up to turn your stoplosses into liquidity to open their sell positions. I hope I explained clearly. Therefore, if a man is confident in what he is doing, he does not put stoplosses at least at the beginning of the price move, so as not to become food for larger fish. You keep forgetting one thing - the market is not only the price, it is also the availability of liquidity (volumes) at an attractive price.
Regarding the lot - what difference does it make to you what lot the trade was made with? Lot is not an indicator of quality. If you understand what the master is talking about here in his strange scientific language, which is not very clear to the rest, you can make 1000 out of 100 dollars in just a week, and then your lot will grow in proportion to the growth of your deposit.
Look at the second trades... The man just buys against the market, he buys once, the price makes some downward movement against his position, he immediately buys again and again.. What does this say?? About his madness??? Or maybe it says about his confidence in what he does?? While your stoploss would have been broken, he continues to do what he did.. Therefore, he does not put stops, because he knows and understands what is happening now and what will happen next.
Look at his take profit when he places it (how far in advance) and how the price works it out literally at the end of the movement. Isn't this aerobatics? He takes 80-90% percent of each price move.
If you learn to do what the master does, do it consistently, you are a) a potential millionaire, b) a potential billionaire.
jullian29 wrote: Tue Apr 04, 2023 9:01 am
Reading through this whole thread, I know that I am not on the same level of mathematical enlightenment as you - and so are the other traders. But hell, if I can not communicate to you that the angle of approach you're taking to convey your ideas and on how you present them to your audience is simply not the most efficient nor effective way - this thread will just ramble on until it reaches the maximum page allowed on this site.
Don't worry about the length of this thread. There are other threads on this resource that are over 1300 pages long, in which people endlessly walk in circles. So in this sense, everything is fine here.
If you don't understand everything that the master says, use Google, there is a decoding in an accessible language the mathematical concepts and their meaning. Read and re-read thoughtfully what the master says. He already talks too much in this thread (which he did not plan to do at all). He gave us a finished product, and in order to use it, he doesn’t have to descend to our level and constantly explain something to everyone (which he does anyway), it’s we who wants to use Orbit must to rise at least a little to his level in order to at least partially understand what he is talking about and what laid down in the basis of Orbit.