EURUSD - Trends, Forecasts and Implications (Part 2) - page 141
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that's right, and not only that...
the green line in the screenshot...
means resistance is strong. We'll hang around for a couple of days...
Childish corticism...
it means there's a lot of resistance. We'll hang around for a couple of days...
Child's play...
Am I the only one who can't see any pictures?
P.S.: I purposely removed everything unnecessary...
am i the only one who can't see any pics?
P.S.: I purposely removed everything unnecessary...
If in Opera, I refresh the page. in FF, it's fine.
Speaking of the mirror pair USDEUR.
looks good ;)
Not stupid!
And he made the turkeys himself. And knows what and where they count...
Imho. It's better than just "shitting TA" and reveling in "levels".
;)
-----
And re-doing the scripts in 5 digits is much easier than understanding the difference in predictor algorithms.
i don't redo anything...and i don't code at all.... I'm not an expert, but a practitioner myself - and I've done not just a lot, but a lot of experiments....
+ there are powerful packages where you can check everything without going into algorithms ... being able to code well is one thing ... to test on stories and benefit from predictions is quite another....
coded - praise ... not testing - that's what's bad ... but the worst part is that it's an illusion...
It's a pity the man didn't even understand the context in which I took the screenshot.... so he could have given me an idea of how to improve it... although it's still an illusion.... there are a lot of tests that need to be done...
maybe do a committee of methods... etc...
as for using these predictions as alternatives - not good... better to "revel" in levels.... but there's one thing - everyone has different levels... )))
but if you're in a hopeless situation - you can watch them too.... imho everything....
GBP, buy 1.51661, take 1.51939, loss 1.49749, sell 1.49749, take 1.49428, loss 1.51661
In my opinion
3 pips short, I don't know whether to close in b/w or target has not been reached yet... confused by the distant stop loss
I'm not redoing anything...or coding at all.... I'm not an expert myself but a practitioner - and I've done a lot of experiments....
+ there are powerful packages where you can check everything without going into algorithms ... being able to code well is one thing ... to test on stories and benefit from predictions is quite another....
coded - praise ... not testing - that's what's bad ... but the worst part is that it's an illusion...
It's a pity the man didn't even understand the context in which I took the screenshot.... so he could have given me an idea of how to improve it... although it's still an illusion.... there are a lot of tests that need to be done...
maybe do a committee of methods... etc...
as for using these predictions as alternatives - not good... better to "revel" in levels.... but there's one thing - everyone has different levels... )))
but if you're in a hopeless situation - you can watch them too.... imho everything....
Let's abstract... ;)
If we can only see the coordinates of the point. And how it swings. In time!
It doesn't matter if it's a corpse on the wheel or the right lamp of a departing tram.
Can't we see the trajectory?
And no conclusions can be drawn?
3 pips short, don't know whether to close in b/w or target has not been reached yet... confused by the distant stop loss
Can't we see the trajectory?
If a man had done tests on history - and at least knew how it all worked roughly - then yes.... but it's a stupid way to throw indices on graph.... and go nowhere...
the reason is very simple - these forecasts have no substance .... there's no substance to them at all..... at least some kind of resistances to make stops...etc...
you're a real hard nut to crack... .... you have to test it - didn't you test your indicators on history? of course - and the entry conditions arose from that...
and the man just threw them on the graph and that's it)))))))) if he says otherwise - he's lying...you can see it all from the screenshots......
that's not the point. he'll test the story. if he has time, I think he'll do it for sure. This is not the main thing, it's the approach that counts. As I said before in this thread, I don't think that this is the most important thing for beginners. I wrote earlier in this thread, I gave the words of Francus, I quoted other traders there.... The idea is very simple, you can never make a 100% forecast and it is human nature to be mistaken, once you understand that, it's easier...
One should not believe that the rate will come somewhere, because I drew the 3rd wave (or 345th). But to believe that your forecast is wrong and have an alternative plan of action. Then it turns out that wherever the rate is, you go with it, with the market, how long it will last, I don't know (I think nobody knows, we are not Nostradamuses), but whatever the market will do, I personally will try to go with it, because there is always a plan and there is a criterion of a perfect deal...
I will try to explain how I do it (on today's day, as I saw the pound). But please if anyone is interested do the same. Try it, I am not the final authority, and this is not the only method and way to analyze their 1000.
First I will describe some principles, I have written about them earlier in the thread.
First. there are rounds (whole levels) and there is work from level to level. Any one of us can draw them manually like Gurov did http://www.procapital.ru/showthread.php?t=9138&page=392.
Or you can download the indicator from here that will help you to draw them https://www.mql5.com/ru/code/8684. Why do they work is a separate issue, it has something to do with psychology and the banks' working rules. Not always, but they work. I'll try to show you how.
Secondly, I do not make forecasts as such (like the rate will be 1.2736, etc.), from my point of view, just pointing out a number is not a forecast. A forecast should have accuracy here a bit about it https://www.mql5.com/ru/forum/126769/page102#345397
Third, I look for entry points into the market that give minimal risk. They are usually near round levels.
Now here we go:
remove everything from the screen, any indicators, leave only the one you downloaded. You should have something like this.
See the breakdown of 1.5 level, a very strong level (so called big figure = 10 small figures, pound/dollar). The first signal, yes it seems possible to enter, but look at yesterday's day exactly 8:00. I think you will be surprised, very surprised, the vertical lines will help you (this is the beginning of the hour). Also a breakout at this exact time point, got to 1.4950 and all went back. Up. We can use another way to determine that it is a false-break (using different indicators), it's just the easiest and the most visual way to show it.
Immediately, we look at the same moment in other pairs containing the pound. The bell rings, we are near the level, but we are not sure where to go from it.
We open the euro/lb. And what we see. A red circle. This is the same time interval, the quote was growing only 5 min, and then everything went down, 0.8350. Great, the breakdown is false, like yesterday.
We wait. Waiting for the entry point. That's the hard part. This is what they say, it's iron nerves (balls). Whatever you want to call it, because there's another pound/yen chart. Here it is.
Level 133, we're near it. We went to 132.50. But they won't let us go there, they won't let us through the crosses. We turn around and go to 133.0 and here it is.
I didn't make a forecast, didn't know what it would be or when it would happen, but I knew exactly what I would do if it happened. Now I think you can see what you had to do.
So. Time 10:30-10.35
1. pound/yen breaks the 133 level up
2. pound/dollar upwards break of 1.50
3. downwards break of 0.8350 EUR/lb
This is circled in yellow in the pictures. On the pound/dollar pair put yourself this circle (something like homework), never take anyone's word for it, check it. Maybe I am fooling you all here and photoshoping all the quotes ))))
What happened at 10:35 on the market, the news was on, I do not know, maybe Monica Lewinsky sat at the helm and blew down the Pentagon, I do not care. The rubik's cube came together. Big dudes buy the pound, I'm bald, I'll buy too. Stops are minimal, just under the levels, I do not know when to go out, but I lie - I put TP from level to level (1.50-1.51, 133.0-134.0, 0 .8350-0.8300).
I have other methods of analysis, there is a branch, why I buy euro/dollar only this month, there are drawings and charts there too.
Here's let's say the euro/dollar today from 1.26-1.27
By the way very interesting, albeit on history, but the method described above. Try to do your homework.
Here is a picture
I fixed profit at the level of 133.50, and the fact that I started again from the level of 133.0 is logical and understandable.
Why did not reach 0.8300? It's a little bit harder, but I think you can manage it, I didn't hide anything, I described everything as it is. I didn't hide anything, I described everything as it is...
P.S. Now Noterday: You can throw stones at me for this post https://www.mql5.com/ru/forum/126769/page132
I wanted to help. To show that you were late with your forecast, euro/dollar. You put your forecast 5 hours earlier, no questions, yes went from 1.26 to 1.2550, but the rate was already back to 1.26 + drew your attention to the fact that now the pound is playing from preet (I tried my best to explain now why I was sure of it), and that's all. You've gone all out, even though I understand exactly why, there's such a theory of pain. You were in pain, you tried, you tried to draw, predicted, but the market went the wrong way, it hurt, it really hurt, I know, I've been there, more than once, it hurts like hell and it's not on chips, but in real life ... I got up and thought again, what here and how, why it happened, how to do better ...
I found it seemed to me one solution, small feet, the smaller they are, the less it hurts + psychological defense, "moose, small, good ... I fucked him (( yes bad, you can not hurt small, you should try to prevent this, but I'm not a moose fucked, big such that the mother of God, and then not me - and I fucked ;-))...feel the difference?
OK, FreeLance, what do you think the price trajectory is?
What's on the graph?
The gimmick of coordinates I am timidly demonstrating...