Ill say again this is not my indicator also i do not sell this , so forget even on this tread and indicator. But also forget on all BS's like ea's or other sellers systems. Be realistic you also know ( most of you i guess) how many around world we have so called " working or proved systems or strategies or ea's and once u buy sooner or later they fail ? Well arent they prooven they cant fail? they will make income ? All big big BS. Forget this guys here also who eat shits on every tread even on my tread, part of them i saw they sell something or they wanna protect their own tread cos they conflict with some other owner tread and they attack the owner tread. This was just indicator which i post to give help to traders who use indicators or systems, i never said this indicator to be used solo and to trade based on this indicator, read all at first posts and stop talking BS buzmael, obvouse you like PM just to talk something stupid, without to read what i said in post before.
I do not know how but ill ask admin of this forum to erase this indicator i post and ill tend all people here to start learn not to use craps or search for wonderful ea's and systems or some programmers-traders sell their " proven ea's like i saw some who come on my tread here and talk about me but they sell ea's or other products...
if you so good and wanna help why no help the traders here with ur knowledge buzmael or u sell crappy ea's i see to people here? I doubt you are some good trader, nothing more than a fake fx trader who is only good in talking same like PM and few more here only talking craps...? Pls that is very poor behavior.
I mentioned many times to those who wanna learn market analysis and to trade, i ignore crappers like you buzmael and like PM and few more here, the end.
********************************************************************************************************************************************************
This is for people who wanna learn to trade. I said many times and ill say again. Just drop off this tread do not use the indicator here, but start learn price action , start learn market structure. Key areas , support resistance, and many other stuffs. Find Steve Nison all his materials,also find and learn really good elliot wave books, wycoff materials. Learn guys those stuffs, forget about indicators or people like PM or like buzeelmael fael fake perons and so on who talk around or who sell crappy ea's or any other products... Learn guys to trade not to use indicators or systems or ea's. it is all big big BS fake nothing what those guys sell to you. I said many times and again go in the forum here search, those authors and traders, their materials.
I am in Jakarta at moment cos some personal matters, and i do trade from here whenever i have time. I have many friends from Indonesia and close families around, so im here to do some serious stuffs. Tidak beli any BS ea or indicator or system, just learn and practice. Any mistake, any obstacle is plus experience how to get involved more in trading. Without mistakes and problems you cant learn and never ever put real account. First try get good knowledge, then go with demo account, then after you think you ready start with micro account and put not eur or usd but aud account open, maybe with 50 aud and put some bigger leverage so you can practice to get the feeling of how to trade live account. Do not try to risk big % of your account per one trade. Try to risk 0.5-1% per trade. Do not open so often trades per day but learn to hunting and with patience to wait for good setup. I like to open 1-3 trades per day , sometimes i do not see good setup i skip the day. Ill have it next day, what is the hurry about. Then analize urself make self estimate how good you are as trader and where u still make mistakes. Everyone mistake but in this game is very important the risk management also after you have good solid knowledge and lot of practice. Then comes to control emotions and to have good risk management system, then you can see how good you are. Never have lower than 1:1 RR ( risk : reward) Minimum you need as good trader to have 1:1 RR and more. Do not try to force to much pairs or financial products to trade, you are here to make some income not to get grades like at school or to make career.
Il give example how i trade:
1. I have about 13 pairs, but im focused only most of time on major pairs: EU, GU, UCHF, UJ, UCAD, NU, AU. Rare i see GJ EJ EA and few more. NO need, even if you can make profit with only 1 pair just do it, noone will judge you, as i said you are not at school to get high grades.
2. I like to trade london and usa ( but half session), Why? cos they are most liquid , most traded sessions. Why? cos biggest financial centers and institutions are done still via europe and usa. Why? cos london and usa sessions overlap. Why? cos usd currency is still most traded currency around world like 80% and more ( most transactions, banks, merchandise and anything else still go via usd for now.
3. Check everday if there is some big red news. Usually i avoid very big red news, they can trigger your stop loss
4. Have minimum 1:1 RR
5. Use stop lose and take profit or have very good risk management ( very important )
6. See on higher timeframe like D1 W1 where are key ( main areas) .. how you will know this?? well i gave you authors above, start to learn and practice.
7. Learn the market structure and movement. ( how to do this) Again ... i gave you authors above read this last post , start to study , start to learn, give lit bit time to urself and patience to gain some knowledge, then start to practice guys. Open chart and apply what you learn. You need to watch and watch n watch charts till you get extremely boring of watch charts , only then you can gain nice practice and experience. Also apply what you learn in real time on forex, even if its often mistake, then analyses mistake why u did that. If you cant find out often where your mistakes means u dont have enough knowledge , u did not learn enough . Go back and learn more from the authors. You need to go throuch material not just one time and to think you learn all. You ll need to go few times via their materials step by step. No worry everything is learning and the boring process and ( wate time on learning ) still is learning and gaining experience . Every mistake is also experience, but be patience and learn.
8. I said i usually trade naked charts but for my comfort i like also to put few emas , they are very good with the price reaction : ema 13, 50,200,800 ( all emas). I use them on H1 M15, also RSI or TDI which is better than RSI ( more advanced indicator). Higher timeframe like D1 W1 no, just i wanna see there main key areas and to draw some channels or find wedges ( or in other words possible big trend on long term where possible will go). * Remember guys, this is business or game where we analyze and put probabilities, there is no 100% certain. But with good experience n practice if your analysis can produce probabilities which are often profitable and less losing then you can say yo can make good analysis. same like with sell cars or sell glasses or whatever u sell, simply u make business plan u make projections this year to be 20% gain but at end of year it is only 9% . Means no 100% ur business plan also. Same here. We do not gamble. What i mean by this.. Every time you open trade you need to give very good reason why you open the trade. Do not just say cos you see lot of red bars go down and u sell or cos something else cos news said usd will go down or cos some guru appear on big news and say report for usd is negative today. That is no good that is gambling. When you will give good reason why u opened this trade? Well i said many times, once you learn very good and practice lot of and gain experience and make lot of mistakes and analyze them later. Do not waste your time on BS ea's or marketers guys selling craps or some coders who say can sell to you good ea's already proven. Results can b easy fake out, i know people who even know how to fake out the history in mt4 platform and show the client in real time the history is very successful. Someone will say but it is connected with server of the broker how they can fake .. Well ask them not me. I am not programmer or hacker or whatever , im trader,i have no idea of those stuffs.
9. I never trade when market start, but i wait monday london to check, and also i avoid to trade friday when come usa session, if i do not have setup london time then usa im OFF.
Reason: Cos most of times can happen this to trap your positions opened during weekend and to later open in big gap negative and trigger your stop loss. same with market open.
10. Always relax do not push if you pan to study or practice many hours per day have some relaxation on every 40 - 50 min. Maybe play game ( i like sometime to play league of legends if i do not have other work to do at moment) or go out buy something and back or make some exercise in ur room.
11. I like to listen music also or chop chop when i trade or whatever i do something some work which is connected with lap top and sitting.
12. Enter some groups where they talk same or similar like the knowledge you learn and try to gain conversation and see if they are good so u can learn more.
Greeting my friends and start to learn no waste time on BS, study , practice and again repeat same process till you really start to be sure in urself what you do.
I do not know how but ill ask admin of this forum to erase this indicator i post and ill tend all people here to start learn not to use craps or search for wonderful ea's and systems or some programmers-traders sell their " proven ea's like i saw some who come on my tread here and talk about me but they sell ea's or other products...
if you so good and wanna help why no help the traders here with ur knowledge buzmael or u sell crappy ea's i see to people here? I doubt you are some good trader, nothing more than a fake fx trader who is only good in talking same like PM and few more here only talking craps...? Pls that is very poor behavior.
I mentioned many times to those who wanna learn market analysis and to trade, i ignore crappers like you buzmael and like PM and few more here, the end.
********************************************************************************************************************************************************
This is for people who wanna learn to trade. I said many times and ill say again. Just drop off this tread do not use the indicator here, but start learn price action , start learn market structure. Key areas , support resistance, and many other stuffs. Find Steve Nison all his materials,also find and learn really good elliot wave books, wycoff materials. Learn guys those stuffs, forget about indicators or people like PM or like buzeelmael fael fake perons and so on who talk around or who sell crappy ea's or any other products... Learn guys to trade not to use indicators or systems or ea's. it is all big big BS fake nothing what those guys sell to you. I said many times and again go in the forum here search, those authors and traders, their materials.
I am in Jakarta at moment cos some personal matters, and i do trade from here whenever i have time. I have many friends from Indonesia and close families around, so im here to do some serious stuffs. Tidak beli any BS ea or indicator or system, just learn and practice. Any mistake, any obstacle is plus experience how to get involved more in trading. Without mistakes and problems you cant learn and never ever put real account. First try get good knowledge, then go with demo account, then after you think you ready start with micro account and put not eur or usd but aud account open, maybe with 50 aud and put some bigger leverage so you can practice to get the feeling of how to trade live account. Do not try to risk big % of your account per one trade. Try to risk 0.5-1% per trade. Do not open so often trades per day but learn to hunting and with patience to wait for good setup. I like to open 1-3 trades per day , sometimes i do not see good setup i skip the day. Ill have it next day, what is the hurry about. Then analize urself make self estimate how good you are as trader and where u still make mistakes. Everyone mistake but in this game is very important the risk management also after you have good solid knowledge and lot of practice. Then comes to control emotions and to have good risk management system, then you can see how good you are. Never have lower than 1:1 RR ( risk : reward) Minimum you need as good trader to have 1:1 RR and more. Do not try to force to much pairs or financial products to trade, you are here to make some income not to get grades like at school or to make career.
Il give example how i trade:
1. I have about 13 pairs, but im focused only most of time on major pairs: EU, GU, UCHF, UJ, UCAD, NU, AU. Rare i see GJ EJ EA and few more. NO need, even if you can make profit with only 1 pair just do it, noone will judge you, as i said you are not at school to get high grades.
2. I like to trade london and usa ( but half session), Why? cos they are most liquid , most traded sessions. Why? cos biggest financial centers and institutions are done still via europe and usa. Why? cos london and usa sessions overlap. Why? cos usd currency is still most traded currency around world like 80% and more ( most transactions, banks, merchandise and anything else still go via usd for now.
3. Check everday if there is some big red news. Usually i avoid very big red news, they can trigger your stop loss
4. Have minimum 1:1 RR
5. Use stop lose and take profit or have very good risk management ( very important )
6. See on higher timeframe like D1 W1 where are key ( main areas) .. how you will know this?? well i gave you authors above, start to learn and practice.
7. Learn the market structure and movement. ( how to do this) Again ... i gave you authors above read this last post , start to study , start to learn, give lit bit time to urself and patience to gain some knowledge, then start to practice guys. Open chart and apply what you learn. You need to watch and watch n watch charts till you get extremely boring of watch charts , only then you can gain nice practice and experience. Also apply what you learn in real time on forex, even if its often mistake, then analyses mistake why u did that. If you cant find out often where your mistakes means u dont have enough knowledge , u did not learn enough . Go back and learn more from the authors. You need to go throuch material not just one time and to think you learn all. You ll need to go few times via their materials step by step. No worry everything is learning and the boring process and ( wate time on learning ) still is learning and gaining experience . Every mistake is also experience, but be patience and learn.
8. I said i usually trade naked charts but for my comfort i like also to put few emas , they are very good with the price reaction : ema 13, 50,200,800 ( all emas). I use them on H1 M15, also RSI or TDI which is better than RSI ( more advanced indicator). Higher timeframe like D1 W1 no, just i wanna see there main key areas and to draw some channels or find wedges ( or in other words possible big trend on long term where possible will go). * Remember guys, this is business or game where we analyze and put probabilities, there is no 100% certain. But with good experience n practice if your analysis can produce probabilities which are often profitable and less losing then you can say yo can make good analysis. same like with sell cars or sell glasses or whatever u sell, simply u make business plan u make projections this year to be 20% gain but at end of year it is only 9% . Means no 100% ur business plan also. Same here. We do not gamble. What i mean by this.. Every time you open trade you need to give very good reason why you open the trade. Do not just say cos you see lot of red bars go down and u sell or cos something else cos news said usd will go down or cos some guru appear on big news and say report for usd is negative today. That is no good that is gambling. When you will give good reason why u opened this trade? Well i said many times, once you learn very good and practice lot of and gain experience and make lot of mistakes and analyze them later. Do not waste your time on BS ea's or marketers guys selling craps or some coders who say can sell to you good ea's already proven. Results can b easy fake out, i know people who even know how to fake out the history in mt4 platform and show the client in real time the history is very successful. Someone will say but it is connected with server of the broker how they can fake .. Well ask them not me. I am not programmer or hacker or whatever , im trader,i have no idea of those stuffs.
9. I never trade when market start, but i wait monday london to check, and also i avoid to trade friday when come usa session, if i do not have setup london time then usa im OFF.
Reason: Cos most of times can happen this to trap your positions opened during weekend and to later open in big gap negative and trigger your stop loss. same with market open.
10. Always relax do not push if you pan to study or practice many hours per day have some relaxation on every 40 - 50 min. Maybe play game ( i like sometime to play league of legends if i do not have other work to do at moment) or go out buy something and back or make some exercise in ur room.
11. I like to listen music also or chop chop when i trade or whatever i do something some work which is connected with lap top and sitting.
12. Enter some groups where they talk same or similar like the knowledge you learn and try to gain conversation and see if they are good so u can learn more.
Greeting my friends and start to learn no waste time on BS, study , practice and again repeat same process till you really start to be sure in urself what you do.
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