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- waves replied Jul 7, 2023
Not to be an ass, but I have learned 95% of the guys responding lose money guessing where the market is going and in time will be gone......I have learned exact levels where I am right, and where I am wrong, my guessing years are long past
- waves replied Jul 7, 2023
I know highly successful traders that trade at less than 1:1....30 pip stop for a 20 pip gain... but here is the catch, they rarely get stopped out. if a trade is not working out they close it quick and move on and almost never even take a 20 pip ...
- waves replied Mar 4, 2015
It is not predictable 100% of the time of course, thats why you don't trade when it is not....most traders can make money during the predictable times..the difference between good traders and the ones that lose all their money is, a good trader ...
- waves replied Mar 2, 2015
I hover at 80%...... R/R varies depending on the pattern and size of it......almost never less than 1 to 1 unless very short term and pattern 100% compelling......
- waves replied Mar 2, 2015
For the dollar to collapse we have to see QE IV at minimum.....AND see Europe, Japan, GBP etc economies boom with central banks raising their interest rates.....I don't see it...the USD is still the flight to safety and the Fed is still the most ...
- waves replied Feb 26, 2015
After you boil down the fluff....markets are driven by two things...search for return, and fear.....knowing what cycle you are in will tell you where you need to be in the marketplace....looking for 1 announcement or 1 event to turn a currency ...
- waves replied Feb 26, 2015
A money manager will make 25% or so....two reasons, they are trading huge sums of money and they can't get into a super large trade as fast as you or me..2nd, they can't get out as fast either....which means they leverage in and leverage ...
- waves replied Feb 10, 2015
Give you one more.....this is the Pound/Dollar 1 hr chart....the reversal is on my radar...I'm in no hurry, potential counts are labeled, now I am watching to see if price follows and I get the a,b,c I am looking for..I am not labeling every single ...
- waves replied Feb 10, 2015
just so the critics don't get overly aggressive here....the big blue candle just under and left of the D is the NFP candle from last Friday....I knew we needed to do the c wave of D, to at least 119.20 (where I exited) and 120.00...this tell allowed ...
- waves replied Feb 10, 2015
This is my favorite pattern, a triangle......this is on the USD/JPY and knowing where they form. I was in when the top of D breached, stop was bottom of E for the thrust to new highs and out without breaking a sweat
- waves replied Feb 10, 2015
Here is another example, my sell entry is the green arrow....this was the euro/usd
- waves replied Feb 10, 2015
Here is an example of a 1,2,3 where 2 is labeled ABC...once B is breached it confirms that move down was in fact corrective...you can see my entry on the right with the green arrow
- waves replied Feb 10, 2015
You don't need to buy a book, there is so much info on a google search....the important part of wave trading is knowing the exact EW rules for what you believe you are seeing.....and 1,2,3 or a,b,c set up is almost 100% profitable as long as you can ...
- waves replied Feb 2, 2015
Think about it....if 95% lose (and they do) trade the opposite of how you think you should be...that's a system...seriously though...all a system is, is getting an exact point that your trade has the highest probability of success with an exact ...
- waves replied Feb 2, 2015
Well I have been trading for 12 years, taught for a few and have a few full time traders to my credit....I am profitable, have been and will continue to be...I left here because as I think most profitable guys will attest, we have no need to be ...
- waves replied Feb 2, 2015
The reason I asked is when I signed in I started looking at my old threads.....they all seemed to turn into brawls of super traders that made money by just showing up.....I'm betting not many of the same supermen are anywhere around........
- waves replied Nov 3, 2011
Most on here will never take the time to understand what you typed.....well done, you have done your work and I am sure a profitable trader........
- waves replied Nov 3, 2011
so you've been trading a couple years....max.....and you have the authority to make that statement.........yep, this place hasn't changed any.......
- waves replied Sep 1, 2010
I'll do that....you guys enjoy yourselves............one question for you guys..........is the market random or not????????
- waves replied Sep 1, 2010
that was a leading question my friend..I was probing for some answers off remarks made off another thread...read my profile...6 yrs doing this, I think I would hacve a grasp on 1,2,3's.......it got moved by the moderators and I sent twee (or whoever ...