"Xenon" System, trading with 1min Chart.
Apr 06, 2012 at 10:26
it might look same but volume is not same as big money ain't watching every 1 min DT, DB, H&S or or some 1 min trend line and so forth. Reliability is not same. plus, those formation might be just some small reactions on the way to other side as big picture might be pointing into another direction. say, there is double bottom on 1 min, but on 4 H it is down trend, so price might retreat and then fall hard and break this 'double bottom'. happens very often.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 06, 2012 at 10:29
swing trade is more likely market mood trade.
I did not try that. I am impatient. I dont think I can do it.
I did not try that. I am impatient. I dont think I can do it.
Chikot posted:
The ultimate goal is to make money. The less efforts required the better and day trading is very high effort. i would love to move to swing trading. The ingredient that should be improved is patience cause I am experienced enough to know what to look for.
Reading watching now. My wife's exam is in the beginning of June and no screen time for me but at nights. Then I am trading 1 month demo and since July I will be live with myfxbook connected. I want to start swinging then.
BTW, Xenon, have you tried to swing trade?
Apr 06, 2012 at 10:31
I have tried it twice but could not do it cause exactly of lacking patience.
But i think I can do it now. Getting older man 😞
But i think I can do it now. Getting older man 😞
xenon posted:
swing trade is more likely market mood trade.
I did not try that. I am impatient. I dont think I can do it.
Chikot posted:
The ultimate goal is to make money. The less efforts required the better and day trading is very high effort. i would love to move to swing trading. The ingredient that should be improved is patience cause I am experienced enough to know what to look for.
Reading watching now. My wife's exam is in the beginning of June and no screen time for me but at nights. Then I am trading 1 month demo and since July I will be live with myfxbook connected. I want to start swinging then.
BTW, Xenon, have you tried to swing trade?
Apr 06, 2012 at 10:34
Generally speaking it is all same almost... It just takes far more time to wait for set ups but they ARE more relaible and more leverage can be used on those trades. The main point is psychological. if swing trader is disciplined he is not jumping in and out. set ups happen not that often and hence overall portfolio risk is lower if trader does what should be done and no revenge trading. just waiting for set ups.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 06, 2012 at 10:35
if there is enough
- momentum
- liquidity
and low noise
then every chart is tradeble.
I now can measure all those with my EA. I had that experience from 1 min chat.
when those all met I can trade no time limit no US EU session no holiday is important.
- momentum
- liquidity
and low noise
then every chart is tradeble.
I now can measure all those with my EA. I had that experience from 1 min chat.
when those all met I can trade no time limit no US EU session no holiday is important.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 06, 2012 at 10:37
as I had said swing is mood trading.
you must dismiss the patterns and what you have learned. you should trade the mood(news) about the market. and be patient. very patient at all!
you must dismiss the patterns and what you have learned. you should trade the mood(news) about the market. and be patient. very patient at all!
Chikot posted:
Generally speaking it is all same almost... It just takes far more time to wait for set ups but they ARE more relaible and more leverage can be used on those trades. The main point is psychological. if swing trader is disciplined he is not jumping in and out. set ups happen not that often and hence overall portfolio risk is lower if trader does what should be done and no revenge trading. just waiting for set ups.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 06, 2012 at 10:39
BTW you dont need to wait for days or weeks for swing trades. you can trade swing with 1 min chart also. then you shoıuld focus on the daily mood and news. basicly for swing trade no chart needed.
Apr 06, 2012 at 10:43
This is what I am trying to do. waiting. for this higher time frames should be used. i am watching daily first for levels and most of the time on 4H chart. But not the way I used to do say in 2010. My understanding of what's going on is far better and i am not looking for just 1-2 candles. in any case, even swing trader would be able to watch market without much interruption. it is preferably to have stop as small as possible. it increases R:R. day trading experience can help to determined good entry points.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 06, 2012 at 10:47
agree.
watching and finding the best entry point. then trader also need some luck.
2 days ago I waited for a trade for 40 min. it was on 1 min chart. then I exit without waiting the SL. after <2 secs it moved to my TP.
experience+patient+luck.
what Edison says
%99 of my success is hard work and %1 luck.
watching and finding the best entry point. then trader also need some luck.
2 days ago I waited for a trade for 40 min. it was on 1 min chart. then I exit without waiting the SL. after <2 secs it moved to my TP.
experience+patient+luck.
what Edison says
%99 of my success is hard work and %1 luck.
Chikot posted:
This is what I am trying to do. waiting. for this higher time frames should be used. i am watching daily first for levels and most of the time on 4H chart. But not the way I used to do say in 2010. My understanding of what's going on is far better and i am not looking for just 1-2 candles. in any case, even swing trader would be able to watch market without much interruption. it is preferably to have stop as small as possible. it increases R:R. day trading experience can help to determined good entry points.
Apr 06, 2012 at 10:51
That's true.
Been watching National Geographic world most dangerous animals show.
Some snakes can lie in wait for days, weeks, sometimes months for their prey without moving and wasting energy aka. capital until right moment comes and prey is near. Then quick hit, bite and the meal is served. They have brain the siz eof pin and shows more wisdom than most humans with big brains.
xenon posted:
agree.
watching and finding the best entry point. then trader also need some luck.
2 days ago I waited for a trade for 40 min. it was on 1 min chart. then I exit without waiting the SL. after <2 secs it moved to my TP.
experience+patient+luck.
what Edison says
%99 of my success is hard work and %1 luck.
Chikot posted:
This is what I am trying to do. waiting. for this higher time frames should be used. i am watching daily first for levels and most of the time on 4H chart. But not the way I used to do say in 2010. My understanding of what's going on is far better and i am not looking for just 1-2 candles. in any case, even swing trader would be able to watch market without much interruption. it is preferably to have stop as small as possible. it increases R:R. day trading experience can help to determined good entry points.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 06, 2012 at 11:03
some says animals dont have intelligence. they do. they just dont have the willpower which that makes the difference between human and animals.
BTW one of the most intelligence animal is crow.
BTW one of the most intelligence animal is crow.
Chikot posted:
That's true.
Been watching National Geographic world most dangerous animals show.
Some snakes can lie in wait for days, weeks, sometimes months for their prey without moving and wasting energy aka. capital until right moment comes and prey is near. Then quick hit, bite and the meal is served. They have brain the siz eof pin and shows more wisdom than most humans with big brains.
xenon posted:
agree.
watching and finding the best entry point. then trader also need some luck.
2 days ago I waited for a trade for 40 min. it was on 1 min chart. then I exit without waiting the SL. after <2 secs it moved to my TP.
experience+patient+luck.
what Edison says
%99 of my success is hard work and %1 luck.
Chikot posted:
This is what I am trying to do. waiting. for this higher time frames should be used. i am watching daily first for levels and most of the time on 4H chart. But not the way I used to do say in 2010. My understanding of what's going on is far better and i am not looking for just 1-2 candles. in any case, even swing trader would be able to watch market without much interruption. it is preferably to have stop as small as possible. it increases R:R. day trading experience can help to determined good entry points.
Apr 06, 2012 at 11:04
By willpower you probably mean Ego...
xenon posted:
some says animals dont have intelligence. they do. they just dont have the willpower which that makes the difference between human and animals.
BTW one of the most intelligence animal is crow.
Chikot posted:
That's true.
Been watching National Geographic world most dangerous animals show.
Some snakes can lie in wait for days, weeks, sometimes months for their prey without moving and wasting energy aka. capital until right moment comes and prey is near. Then quick hit, bite and the meal is served. They have brain the siz eof pin and shows more wisdom than most humans with big brains.
xenon posted:
agree.
watching and finding the best entry point. then trader also need some luck.
2 days ago I waited for a trade for 40 min. it was on 1 min chart. then I exit without waiting the SL. after <2 secs it moved to my TP.
experience+patient+luck.
what Edison says
%99 of my success is hard work and %1 luck.
Chikot posted:
This is what I am trying to do. waiting. for this higher time frames should be used. i am watching daily first for levels and most of the time on 4H chart. But not the way I used to do say in 2010. My understanding of what's going on is far better and i am not looking for just 1-2 candles. in any case, even swing trader would be able to watch market without much interruption. it is preferably to have stop as small as possible. it increases R:R. day trading experience can help to determined good entry points.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 06, 2012 at 11:07
actually I found the word from net. I mean 'desecion of doing something or not'
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 07, 2012 at 12:47
I may be wrong but I think I find the way to add time to the function.
I am currently using the depth for Y axes. and I think I find the calculatable depth of X axes. ( Time )
first I must test and see more results.
I am currently using the depth for Y axes. and I think I find the calculatable depth of X axes. ( Time )
first I must test and see more results.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 07, 2012 at 15:35
there is difference. they are intelligence yes they make desecions but according to their instinct. so actually this can not be called as desecion.
Apr 08, 2012 at 15:16
I think it depends what animals you are talking about. Elephants are pretty much intelligent creatures who make decisions similar way as we do. Their children learns like human children do.
xenon posted:
there is difference. they are intelligence yes they make desecions but according to their instinct. so actually this can not be called as desecion.
forex_trader_67750
会员从Mar 01, 2012开始
173帖子
Apr 08, 2012 at 22:41
all animals react and use their intelligence regarding to the instinct. only human use intelligence for willpower. and build the future.
they both intelligent. but the priorities are different.
they both intelligent. but the priorities are different.
Chikot posted:
I think it depends what animals you are talking about. Elephants are pretty much intelligent creatures who make decisions similar way as we do. Their children learns like human children do.
xenon posted:
there is difference. they are intelligence yes they make desecions but according to their instinct. so actually this can not be called as desecion.
