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shellsnail replied Feb 9, 2014you misunderstand, the filtering is not done by the mentor, it's done by the market. The cost deters traders who are going in just because its free, and also once people have paid for something they exercise more personal responsibility.
Forex Experts or Mentors
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shellsnail replied Feb 9, 2014That's if you do everything in life for money, why can't some want to teach? And don't say that they can teach for free lol because its normal to charge for services - after all they are putting in their time to create resources, answer basic ...
Forex Experts or Mentors
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shellsnail replied Feb 9, 2014I think you've to realise that these lines are zones. It's not as if if price closes one pip beyond the line it's "broken". Lots of balancing will take place in these zones, many traders executing trades etc. eventually one side will win out but it ...
Charts used in training vs those in trading
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shellsnail replied Feb 9, 2014Hey omg, I just realised that this might actually be a way to trade any pair... just find three levels, fix the first SL, and aim for a retrace (61.8% of the distance between level 1 and the SL) entry and distribute lot sizes based on the distances ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014lol I just tried it and guess what, turns out SL 1 is exactly the same as SL 2! Sl 3 is the 2nd red line. so basically enter at 1.4735 with 4 lot, SL at 1.470, then enter again at 1.4786 when it breaks and retraces with 6lot, not moving the SL, then ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014yeah hmm ok i will think about it. it's tough because there's a time component, i.e. these events take place sequentially.. so maybe the way to do it is to treat each interval as separate, enter 4 lots at the entry, with magic line 1 being the ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014yeah... I am getting a bit confused lol am trying to wrap my head around it... Do you think it'd work if I tried putting all these variables into a constrained maximisation and see if I can come up with optimal values for the lot sizes to aim for a ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014Nice! How do we factor the SL placement into this, if say initially it is below the low.. image Thanks in advance.
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014Can we do an example - to illustrate the practical application a bit more thanks! Given these four levels, shown by the grey lines image The lowest at 1.4735 is the first entry and the 1.500 is the determined exit, and 1.4786 and 1.49275 are the ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014Ok I think I roughly get it. Does it mean you pick the peak of the probability distribution of X and do a pascal triangle set-up around it? If there's no peak then any point is as good as any other so you start with the largest lot size..? Hmm but ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014So basically this assumes that each uptick and downtick is equally likely at each instance, i.e. p=0.5? market is completely random right; any entry is as good as any other. thanks. but if that's the case then no edge can ever be present and no ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014But what if the actual probability by testing large sample sizes estimates to be, for a particular P based on a set-up, P -> P+15 (50%) P+15 -> P+50 (50%) what would be the optimal in that case? still using pascal triangle? or phrase it another way, ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014hmm correct me if I am wrong but the assumption made here is that the probability of price moving further in your favour does not change as price moves in your favour right? or does that not matter. In other words, your method is the optimal entry ...
The Semi-definitive guide to Pascal's Triangles in Forex
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shellsnail replied Feb 9, 2014It's may be random to you, but it isn't to me. More than 8000 hours screentime + study. Trade well. P.S. the hard truth is that the market doesn't care what the basis of your idea is. You can be buying/selling on a coin flip, it doesn't matter. We ...
Trading Made Simple
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shellsnail replied Feb 9, 2014Anyone reading the posts will know I am not trying to predict price. In fact I made it clear that no one can do so, who knows? What traders do is to create trade ideas and when price does what you had expected in those ideas then you follow through ...
Trading Made Simple
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shellsnail replied Feb 9, 2014agree with possible eur strength (but then again, anything is possible, question is what is more possible...
), but eur is due for a pullback too! lol. but anyway all these speculation is pointless unless trade plans can be formulated with good RR/ ...Trading Made Simple
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shellsnail replied Feb 9, 2014possible, or this? my view is, if it's 50-50 then don't trade; it's usually right to follow the daily trend, until it isn't. consolidation + counter-trend breakout is one of those scenarios in which trend trades should wait.
Trading Made Simple
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shellsnail replied Feb 9, 2014Hey thanks for the pdf, good read. Like you, I am having doubts about an up-move on the pair because AUD is very strong. Seems to me it'll likely consolidate at this current price region before breaking down. That said, a long trade here in line ...
Trading Made Simple