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Sure - could be.. but ive never seen a skewn plot before. Ive never seen a plot like that live in general, only on SIM'd market orders that hit into a level without generating a real up/downtick
"Hey! I've got 10 fresh apples to sell, any hungry buyers out here today?!" "Maybe! Just let me check my moving average and RSI!"
I've looked at QM some time ago. There wasn't much liquidity at that time. I also didn't like that fact that it traded in quarters. And it was only 2:1 with CL. 10:1 would be a real mini in my book. Or is that a micro?
Anyway, I may look at it again. Thanks for the suggestion.
PS: As you can see I'm up too damn late again. Sleep is important.
I dont know what you mean by Al brooks bar counting system? If leg counting is what you think Al Brooks and price action is about then you are way off. The labels on my chart are there to identify bars to understand what I am talking about. And no, these are not "hindsight recaps", I type this out as I am trading at the close of every bar to describe what I see. There would be no benefit for me to do this after the close and if you see what time i post my analysis, how i change my view frequently, and the fact that i am not always right, i think that is obvious.
I have shown my trading for consecutive days (look back through my posts), but do not every day because my personal trading is not the reason i post here. I post my analysis to help others learn price action and how to view the markets.
These are my live trades with real money. if you knew anything about forex you would know that just because the chart doesnt reach your order doesnt mean you dont get filled. Not to mention I have shown days where i lost, or have recovered. If i was faking it why wouldnt I show 80-100% wins? I dont know how you could even "edit" trades which you believe I am doing, and again, what would be the benefit?
You obviously did not read too much into my journal before forming an opinion. I am all about clarity, honesty, and transparency. I do not post BS, and will tell you like it is. Sorry if you dont like that or dont believe me.
But anyways, sorry @Trader146 for hijacking your thread. @danielk - if you want to discuss more feel free to make your comments on my journal or PM me. I enjoy a good challenge, and maybe you could actually learn something by listening to others instead of thinking you already know!
In all sincerity, good luck on your journey. Even if we do not agree.
In FOREX price on a chart is driven only by the bid. So if you are going market buy this pairs with the ask and the price chart is only made off the bid. So executions look like this, the ask, of course, being above the bid.
The spread in FX too that varies a considerable amount but less so during that particular FX instruments main trading hours referred to as RTH in futures (if we are to compare to something more are probably familiar with).
For many years I was totally against FOREX guided by poor quality education. I had since been trained by a competent individual and corrected my beliefs.
There is so much opportunity in the FX market it is flat out bonkers.
My trades are swing based in FX but some do turn in to day trades when I'm stopped or if it's not working and the carry trade is not with me.
I suck in bullish markets. I just don't have the patience. Something else to work on.
I don't know how much longer I'm going to post my results. I've continued posting because I didn't want to be like those who only post there positive result. But if I determine that it's affecting my trading negatively, I will stop.
I agree, many opportunities every day. Most people just dont understand what is taking place and assume markets are filled with "noise" which couldnt be further from the truth. Every bar is important and everything happens for a reason. It doesnt help that there is so much wrong information out there in the trading world geared towards beginners.
PS I really like your signature, BLSH for sure but more importantly the meditating aspect. I am a firm believer that meditating is crucial to overcoming your emotions. I also think the psychological part of trading is the hardest to overcome. You must master yourself before you can master the markets!
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
Patience is an amazing attribute.
I have study these type of things for 30 years.
Once you have an understanding of what these type of attributes/virtues are they become easier to develop. Still hard, just a bit easier because you realize what it/they really are and have comparisons and analogies that help you.
Journaling IMHO is one of the things we have in trading as close the the holy grail as we can get. Another is risk management. A third position sizing........