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Suggestion My Holy Grail After 4 years of trading

Lilkeny said:
Can you share your new method with us?
Click to expand...

well, i ask the
AutoFibo Trading Zones_1.ex4
indicator to show me (draw for me) the Fibonacci Buy Zones and Sell Zones for the past TWO weeks

by setting it to
Fib_Period = 240
on H1 chart

or i can alternatively set it to
Fib_Period = 480
on M30 chart

or i can alternatively set it to
Fib_Period = 960
on M15 chart

ALL three settings above they are essentially the EXACT SAME thing/period ! remember I am Not a very robotic/rigid type of trader ! so i do Not use fixed / Non-changeable settings that must look the SAME-size as PERFECT squares and PERFECT rectangles every morning/day !! i want to be able to accommodate IMPERFECTIONS and small VARIATIONS !

now that
AutoFibo Trading Zones_1.ex4
indicator shows me the Fibonacci Buy Zones and Sell Zones, i **may** choose to use ANY filter-indicator of my choice as a Final Confirmation for ENTRY, but many times i Don't feel like using filter-indicators because i Don't want to hesitate for too long by waiting for TOO MANY confirmations because then i will end up entering TOO LATE after the price has already moved too much on ALL the charts !

it is UP to you if you trust filter-indicators then you can use them and WAIT for them to give you "final confirmations", but if you end up waiting the WHOLE day to get final confirmation from your filter-indicators then it was "your personal choice" to depend on filter-indicators and to spend your time WAITING whole day for the filter-indicators to give you final confirmations

if the price is in a Buy Zone, i simply prepare to Buy
if the price in a Sell Zone, i simply prepare to Sell

i look at almost ALL charts (32+) and i view each chart from the perspective of 2 or 3 timeframes. this allows me to determine the REVERSAL "priority" or probability of each currency and subsequently it becomes obvious for me to also FINALLY determine the pair(s) with the highest priority for me to trade for the day

i think the above ANSWERS your question in full

=========================

over and above your question however, there seems to be a LARGE number of novice traders who are looking for some type of a step-by-step procedural way of trading. It is as if they believe EVERYONE in the Forex market wakes up in the morning at the SAME time, switches on their computer at the SAME time, clicks the green button to activate the MONEY-making machine at 9am and by 5pm everyone is DONE (take profit hit) :D :D . think about it . . . if it was such a dumb-OPERATIONAL process LIKE that . . . surely by now EVERYONE would be doing it and EVERYONE would be a millionaire :D :D !!

i REALLY wish i could write every little thing in a "childish" way or in a "step by step" way by saying
1. click the Yellow button on Left-corner
2. click the Blue button at bottom of screen
4. click the Ok button to close the window

but trying to do so it will ONLY lead to a HUGE number of OPERATIONAL instructions and then raise a LOTTTTT of further OPERATIONAL questions where there will be SO MANY people asking

"where is the Blue button sir" ??
"i Don't see it on my screen" !
"my screen is blank / black sir, how do i make it WHITE like yours" !
"there is NOTHING on my screen sir", etc, etc !
"i see NOTHING on my screen sir, is just EMPTY when i click", etc, etc !

:D :D

so this topic will end up becoming a topic to teach people how to operate/use their personal computers and their mobile phones and it will also end up becoming a topic to teach people how to operate/use MT4 which is NOT a smart way to learn MT4 or to learn basic Forex operations

it is **Not** wise to learn for the FIRST time in your life how to apply an MT4 template during the time when you are already trading Live ! it is BEST if you have previously gone through the MT4 manual to get some BACKGROUND into ALL of these OPERATIONAL actions and procedures **BEFORE** you use/apply them in Live trading.

the PROPER way to REALLY learn MT4 is to spend some time just reading and going through its manual. If you want to learn EVERYTHING there is to know about using the MetaTrader4 Trading Platform, visit this website

https://www.metatrader4.com/en/trading-platform/help


You may also watch this video by Russ Horn (The Complete Guide to MetaTrader4)



If you want to learn EVERYTHING about using the MetaTrader5 Trading Platform, visit this website

https://www.metatrader5.com/en/terminal/help


the PROPER way to learn about Fibonacci levels and Buy Zones and Sell Zones is to do in-depth research on that topic alone on its own, so that you KNOW what you are trying to achieve with the concepts in it or at least you know what it is DESIGNED to achieve, rather than wanting to just click a button on the screen or you want to just put a SETTING into an indicator "blindfolded" while you DON'T even know or you DON'T CARE what the **PURPOSE** and the **EFFECT** of that setting is going to be !!

This morning I *mistakenly* viewed the charts using the wrong timeframe (M15) and the zones I was looking at were COMPLETELY wrong, but because i know what these zones are DESIGNED to indicate to me, i managed to CLEARLY tell that something was WRONG !! if on the other hand i was using this strategy in a "blindfolded" fashion and i didN'T care about the meaning of these Buy-Sell zones or what their purpose is . . . i would NOT even have realized that i am committing a BIG mistake ! And that mistake would remain UN-seen and result in a CATASTROPHIC loss for me. i was going to end up blaming Mohd Ridzuan and saying that i did EXACTLY what **He told me** to do but i Lost my money :D :D :D

so it is NOT wise to use any of the concepts of this strategy in a **blindfolded/robotic manner** just because SOMEONE ELSE is also using them !! you can see that Sticky7 has decided that he will NOT use the Stochastic oscillator as a filter-indicator even though Mohd Ridzuan originally suggested it as a filter-indicator. Sticky7 decided that he will personally "choose" to use the MACDScalper as his filter-indicator (final confirmation) and I believe there is a GOOD REASON why he personally chose to use that indicator as his filter-indicator. In my case i used the Aroon Oscillator as my favourite filter-indicator some weeks ago, but now recently i decided to No longer use ANY of the filter-indicators because i realized that waiting for filter-indicators was delaying my ENTRY and causing me to regret when i later see that the charts have ALL moved in the direction i originally predicted.

Here is some videos to give your background and orientation on the PURPOSE, MEANING and USE of Zones and Fibonacci Levels

How To Combine Zones with Fibonacci Part 1

How To Combine Zones with Fibonacci Part 2


Here is one of the BEST videos I ever watched which talks about Fibonacci levels (retracements and extensions)

How to use Fibonacci Retracement and Extension


i personally prefer to trade during the London session and the New York session because there is ENOUGH volume in the market and ALL OTHER traders in the world are awake and MOSTLY trading at that TIME.

i Don't prefer to have a trade open OVERNIGHT waiting for a TP to be hit tomorrow or 3 days later or next week because i CANNOT sleep at night when i Don't know what the outcome of my decisions is. i want to KNOW where i stand before i go to sleep and i Don't want to sleep praying or hoping that OTHER traders tomorrow they will take actions that will FAVOUR/support my trade by causing the chart/market to keep moving in my predicted/anticipated direction. it is a LOT of stress for me if i have to make a decision today to Buy EURJPY but i must now go to sleep and let OTHER people or other traders who were **NOT in the market** at the time i saw an opportunity to Buy EURJPY, now i must LET these OTHER people/traders to decide OVERNIGHT on the FATE of my trade !!!

when i trade DURING the London and New York session, i see the BIG moves on the chart and i can capitalize on the decisions that London and New York traders are **CURRENTLY taking** to influence the movement and direction of the chart AS I SEE IT NOW AT THAT TIME !!

what a LOT of traders fail to realize is that when trading is happening in the Forex market, you are Not trading between yourself and a CHART, you are also NOT trading between yourself and a COMPUTER, you are also Not trading between yourself and THE MARKET ! the trading that is happening in the Forex market is actually happening BETWEEN **PEOPLE** !! you are trading AGAINST other ***PEOPLE** in an effort to TAKE ALL their MONEY, and they yes of course they are ALSO trading in an effort to . . . . TAKE YOUR MONEY too !! Forex is a ZERO-sum game, the ONLY money you can make in Forex is the money that OTHER traders **MUST LOSE** to you !! there is NO money-tree in the Forex market. There is NO FREE money that is just SITTING there inside a Forex computer and it belongs to **NO ONE** and you can just come and Win/take/steal it from the MARKET !! It is **SOMEONE’s** money who deposited/put it there duh !!!!

so if i go to SLEEP and leave that trade open, the FATE of that trade is now resting in the hands of OTHER/UNKNOWN people who were **NOT there** when i originally opened that trade YESTERDAY !!!! these people they were NOT even part of the ANALYSIS i did when I observed that EURJPY chart AT THAT MOMENT IN TIME YESTERDAY ! therefore these people = New Zealand, Australian, Japanese/Tokyo traders, OVERNIGHT while i am asleep they may decide to REVERSE the chart in a DRAMATIC way and cause my trade to end up in a catastrophic loss or in a DEEP drawdown !! that is the REASON why i personally prefer to trade during the London session and the New York session
 
Teboho Mohale said:
Hi LilKeny

Well, No ! What you are showing me looks strange !

the
Fib_Period setting
of 240
that i was talking about in my reply to Ike, is a setting
for the
AutoFibo Trading Zones_1
indicator

if you read slowly and carefully you will see that i clearly mentioned for WHICH indicator this setting was meant

i note that you are showing me a picture of you setting the Fib_period for another indicator called
AutoFibonacci !!

but i really think that Traders should learn to be a little more flexible and fluid, and this applies to ALL other traders too.

do Not be TOO RIGID by assuming that there are PERFECT CORRECT SETTINGS and TOTALLY IN-CORRECT/WRONG settings. settings are RELATIVELY-correct and RELATIVELY-incorrect, but they are NOT usually absolutely/PERFECTLY-correct or absolutely/PERFECTLY-INcorrect !

i do understand that this strategy in its basic form was tested by Mohd Ridzuan with SPECIFIC settings, but Mohd Ridzuan did WARN us all in the beginning that there are some things that may need to be IMPROVED in this strategy, rather than trying to apply the strategy "verbatim" in an exact monkey-see=>monkey-do style !!!

ONE of the VERY first problems that many traders encountered with this strategy, was the issue of DRAWDOWN which many people witnessed through a GBPAUD trade that went so DEEEEEP in the red that I suspect a LOTTT of traders completely GAVE UP on this strategy and many were TURNED-OFF by this strategy after witnessing that situation (Drawdown problem)

when traders asked Mohd about HOW he manages this DRAWDOWN problem, his reply was that he SIMPLY does Not care about it, in fact he OPENS MORE NEW positions/trades while he is LOSING !!! of course this was a response that MOST traders did NOT find easy to swallow ! Other people asked Mohd about whether he uses a STOP LOSS, and guess what . . . ? his reply again was that he does **NOT** use ANY stop loss whatsoever !!! this again was a response that became VERY DIFFICULT for most traders to swallow and accept as PART of this strategy, LOL.

several traders then came up with ideas and filter-indicators to DEAL with this CLEAR and SERIOUS problem of DRAWDOWN ! this is what led to me later joining this thread to release my contribution of a WIDE choice of over 12 filter-indicators. With my wide CHOICE of filter-indicators, i do NOT *dictate* that a CERTAIN filter-indicator is THE BEST or is THE ONLY ONE that is correct and that MUST therefore be used by ALL traders !!! i can NEVER use such a STYLE of advice (dictation of RIGID rules!!), because i KNOW that there is a BIG FUNDAMENTAL PROBLEM with such a style of advice (dictation of RIGID/UN-changeable rules!!)

i want to allow each trader to have the FLEXIBILITY to choose his OWN favourite filter-indicator, because if we ALL try to apply the strategy in a monkey-see=>monkey-do style this will bring us another BIG FUNDAMENTAL problem, the problem will now be that ONE trader (Mohd Ridzuan) has a STARTING BALANCE of $2 000 or even $5 000, but YOU out there in another part of the world, you do NOT have that kind of Capital/money in your account !!!! therefore when Mohd Ridzuan does NOT have/see a problem with a BIG DRAWDOWN and he can EASILY absorb a drawdown of -200 pips on his $5 000 account and he does NOT even have a STOP LOSS . . . for YOU with your MUCH smaller $500 ACCOUNT . . . if you DO EXACTLY what Mohd is DOING, your ENTIRE $500 account will UNFORTUATELY be EASILY BLOWN !!!

so when you are trying to apply this strategy "verbatim" in a monkey-see=>monkey-do style whereby you COPY the EXACT THINGS that Mohd Ridzuan was doing **WITHOUT** asking yourself whether YOU CAN FIT in his shoes, it can have DEVASTATING consequences/results FOR YOU !!!

This is a FUNDAMENTAL PROBLEM of traders being too RIGID and having NO FLEXIBILITY in their approach.

The correct and wise thing is to APPLY the same BASIC technique/strategy . . . BUTTTTT instead of doing it "verbatim" in a monkey-see=>monkey-do style (blindfolded COPY-PASTE), you HAVE TO SERIOUSLY CONSIDER to ALTER/change some aspects of the technique/strategy in order to make the strategy to FIT YOUR personal situation BETTER (like a glove).

if you try to be Robotic/Mechanical/Rigid and you apply No flexibility in your adoption of this strategy and you keep thinking that if you just COPY the RIGHT/CORRECT/EXACT-same SETTINGS you are FINE, you might be SHOCKED that it can have DEVASTATING results **ONLY FOR YOU** while it continues to WORK PERFECTLY for Mohd Ridzuan, BP2000, Sticky7 and even for Me.

the REASON this happens is because you tried to apply/COPY settings in a RIGID way while those settings were SPECIFICALLY OPTIMIZED for the PERSONAL SITUATION of Mr. Mohd Ridzuan and you end up SUFFERING due to the fact that **YOUR PERSONAL situation** (Account Balance, Broker, Leverage, etc) is NOT EXACT same size as Mohd Ridzuan's situation !!!

I know that this is a Loooooooong story and that you simply wanted to ask/know whether a SETTING is **RIGHT** or **WRONG**, but there is a VERY IMPORTANT REASON why Stick7 replied to Harry Sudarta by saying that it is a Loooooong story whyyyy he (Sticky7) did NOT worry about considering the EXACT-Same 10 000% margin level. And i feel that it may be TIME for us to start slowly disclosing this Loooooong story to ALL of you over the next couple of posts because MORE and MORE questions are going to come whereby people are asking WHYYYY we seem to have **CHANGED** some things in the strategy while Mohd Ridzuan did NOT use ANY such "changed/new settings"

i hope my DETAILED answer will serve to answer MANY future READERS who will arrive here with this SAME enquiry/thought over the next couple of weeks

God Bless
:):):cool::cool:
Click to expand...
Best Advice ever on this post,I liked it!:ok::ok:

"Monkey-see=>monkey-do style"
 
Teboho Mohale said:
well, i ask the
AutoFibo Trading Zones_1.ex4
indicator to show me (draw for me) the Fibonacci Buy Zones and Sell Zones for the past TWO weeks

by setting it to
Fib_Period = 240
on H1 chart

or i can alternatively set it to
Fib_Period = 480
on M30 chart

or i can alternatively set it to
Fib_Period = 960
on M15 chart

ALL three settings above they are essentially the EXACT SAME thing/period ! remember I am Not a very robotic/rigid type of trader ! so i do Not use fixed / Non-changeable settings that must look the SAME-size as PERFECT squares and PERFECT rectangles every morning/day !! i want to be able to accommodate IMPERFECTIONS and small VARIATIONS !

now that
AutoFibo Trading Zones_1.ex4
indicator shows me the Fibonacci Buy Zones and Sell Zones, i **may** choose to use ANY filter-indicator of my choice as a Final Confirmation for ENTRY, but many times i Don't feel like using filter-indicators because i Don't want to hesitate for too long by waiting for TOO MANY confirmations because then i will end up entering TOO LATE after the price has already moved too much on ALL the charts !

it is UP to you if you trust filter-indicators then you can use them and WAIT for them to give you "final confirmations", but if you end up waiting the WHOLE day to get final confirmation from your filter-indicators then it was "your personal choice" to depend on filter-indicators and to spend your time WAITING whole day for the filter-indicators to give you final confirmations

if the price is in a Buy Zone, i simply prepare to Buy
if the price in a Sell Zone, i simply prepare to Sell

i look at almost ALL charts (32+) and i view each chart from the perspective of 2 or 3 timeframes. this allows me to determine the REVERSAL "priority" or probability of each currency and subsequently it becomes obvious for me to also FINALLY determine the pair(s) with the highest priority for me to trade for the day

i think the above ANSWERS your question in full

=========================

over and above your question however, there seems to be a LARGE number of novice traders who are looking for some type of a step-by-step procedural way of trading. It is as if they believe EVERYONE in the Forex market wakes up in the morning at the SAME time, switches on their computer at the SAME time, clicks the green button to activate the MONEY-making machine at 9am and by 5pm everyone is DONE (take profit hit) :D :D . think about it . . . if it was such a dumb-OPERATIONAL process LIKE that . . . surely by now EVERYONE would be doing it and EVERYONE would be a millionaire :D :D !!

i REALLY wish i could write every little thing in a "childish" way or in a "step by step" way by saying
1. click the Yellow button on Left-corner
2. click the Blue button at bottom of screen
4. click the Ok button to close the window

but trying to do so it will ONLY lead to a HUGE number of OPERATIONAL instructions and then raise a LOTTTTT of further OPERATIONAL questions where there will be SO MANY people asking

"where is the Blue button sir" ??
"i Don't see it on my screen" !
"my screen is blank / black sir, how do i make it WHITE like yours" !
"there is NOTHING on my screen sir", etc, etc !
"i see NOTHING on my screen sir, is just EMPTY when i click", etc, etc !

:D :D

so this topic will end up becoming a topic to teach people how to operate/use their personal computers and their mobile phones and it will also end up becoming a topic to teach people how to operate/use MT4 which is NOT a smart way to learn MT4 or to learn basic Forex operations

it is **Not** wise to learn for the FIRST time in your life how to apply an MT4 template during the time when you are already trading Live ! it is BEST if you have previously gone through the MT4 manual to get some BACKGROUND into ALL of these OPERATIONAL actions and procedures **BEFORE** you use/apply them in Live trading.

the PROPER way to REALLY learn MT4 is to spend some time just reading and going through its manual. If you want to learn EVERYTHING there is to know about using the MetaTrader4 Trading Platform, visit this website

https://www.metatrader4.com/en/trading-platform/help


You may also watch this video by Russ Horn (The Complete Guide to MetaTrader4)



If you want to learn EVERYTHING about using the MetaTrader5 Trading Platform, visit this website

https://www.metatrader5.com/en/terminal/help


the PROPER way to learn about Fibonacci levels and Buy Zones and Sell Zones is to do in-depth research on that topic alone on its own, so that you KNOW what you are trying to achieve with the concepts in it or at least you know what it is DESIGNED to achieve, rather than wanting to just click a button on the screen or you want to just put a SETTING into an indicator "blindfolded" while you DON'T even know or you DON'T CARE what the **PURPOSE** and the **EFFECT** of that setting is going to be !!

This morning I *mistakenly* viewed the charts using the wrong timeframe (M15) and the zones I was looking at were COMPLETELY wrong, but because i know what these zones are DESIGNED to indicate to me, i managed to CLEARLY tell that something was WRONG !! if on the other hand i was using this strategy in a "blindfolded" fashion and i didN'T care about the meaning of these Buy-Sell zones or what their purpose is . . . i would NOT even have realized that i am committing a BIG mistake ! And that mistake would remain UN-seen and result in a CATASTROPHIC loss for me. i was going to end up blaming Mohd Ridzuan and saying that i did EXACTLY what **He told me** to do but i Lost my money :D :D :D

so it is NOT wise to use any of the concepts of this strategy in a **blindfolded/robotic manner** just because SOMEONE ELSE is also using them !! you can see that Sticky7 has decided that he will NOT use the Stochastic oscillator as a filter-indicator even though Mohd Ridzuan originally suggested it as a filter-indicator. Sticky7 decided that he will personally "choose" to use the MACDScalper as his filter-indicator (final confirmation) and I believe there is a GOOD REASON why he personally chose to use that indicator as his filter-indicator. In my case i used the Aroon Oscillator as my favourite filter-indicator some weeks ago, but now recently i decided to No longer use ANY of the filter-indicators because i realized that waiting for filter-indicators was delaying my ENTRY and causing me to regret when i later see that the charts have ALL moved in the direction i originally predicted.

Here is some videos to give your background and orientation on the PURPOSE, MEANING and USE of Zones and Fibonacci Levels

How To Combine Zones with Fibonacci Part 1

How To Combine Zones with Fibonacci Part 2


Here is one of the BEST videos I ever watched which talks about Fibonacci levels (retracements and extensions)

How to use Fibonacci Retracement and Extension


i personally prefer to trade during the London session and the New York session because there is ENOUGH volume in the market and ALL OTHER traders in the world are awake and MOSTLY trading at that TIME.

i Don't prefer to have a trade open OVERNIGHT waiting for a TP to be hit tomorrow or 3 days later or next week because i CANNOT sleep at night when i Don't know what the outcome of my decisions is. i want to KNOW where i stand before i go to sleep and i Don't want to sleep praying or hoping that OTHER traders tomorrow they will take actions that will FAVOUR/support my trade by causing the chart/market to keep moving in my predicted/anticipated direction. it is a LOT of stress for me if i have to make a decision today to Buy EURJPY but i must now go to sleep and let OTHER people or other traders who were **NOT in the market** at the time i saw an opportunity to Buy EURJPY, now i must LET these OTHER people/traders to decide OVERNIGHT on the FATE of my trade !!!

when i trade DURING the London and New York session, i see the BIG moves on the chart and i can capitalize on the decisions that London and New York traders are **CURRENTLY taking** to influence the movement and direction of the chart AS I SEE IT NOW AT THAT TIME !!

what a LOT of traders fail to realize is that when trading is happening in the Forex market, you are Not trading between yourself and a CHART, you are also NOT trading between yourself and a COMPUTER, you are also Not trading between yourself and THE MARKET ! the trading that is happening in the Forex market is actually happening BETWEEN **PEOPLE** !! you are trading AGAINST other ***PEOPLE** in an effort to TAKE ALL their MONEY, and they yes of course they are ALSO trading in an effort to . . . . TAKE YOUR MONEY too !! Forex is a ZERO-sum game, the ONLY money you can make in Forex is the money that OTHER traders **MUST LOSE** to you !! there is NO money-tree in the Forex market. There is NO FREE money that is just SITTING there inside a Forex computer and it belongs to **NO ONE** and you can just come and Win/take/steal it from the MARKET !! It is **SOMEONE’s** money who deposited/put it there duh !!!!

so if i go to SLEEP and leave that trade open, the FATE of that trade is now resting in the hands of OTHER/UNKNOWN people who were **NOT there** when i originally opened that trade YESTERDAY !!!! these people they were NOT even part of the ANALYSIS i did when I observed that EURJPY chart AT THAT MOMENT IN TIME YESTERDAY ! therefore these people = New Zealand, Australian, Japanese/Tokyo traders, OVERNIGHT while i am asleep they may decide to REVERSE the chart in a DRAMATIC way and cause my trade to end up in a catastrophic loss or in a DEEP drawdown !! that is the REASON why i personally prefer to trade during the London session and the New York session
Click to expand...
 
today
Thursday, July 2, 2020, 11:00 GMT+2

after looking across these 32 charts

EURUSD
USDJPY
GBPUSD
AUDUSD
USDCAD
USDCHF
NZDUSD
EURJPY
EURGBP
EURAUD
EURCAD
EURCHF
EURNZD
GBPJPY
GBPAUD
GBPCAD
GBPCHF
GBPNZD
AUDJPY
AUDCAD
AUDCHF
AUDNZD
CADJPY
CADCHF
CHFJPY
NZDJPY
NZDCAD
NZDCHF
USDNOK
USDZAR
GOLDUSD
SILVERUSD

and observing their Fibonacci Buy zones and Sell zones over the past 2 weeks on M15 timeframe

i must say that i see a very WEIRD and MIXED-UP outlook on the charts today, so I am expecting a SIGNIFICANT amount of DRAWDOWN before the price finally reverses <= this is WHEN filter-indicators come into play to be used as Final Confirmation, but i personally still Don't have enough interest in depending on filter-indicators, anyway . . .

the Holy Grail is telling me that i should

Sell NZD as 1st priority
Buy JPY as 2nd priority
Buy CAD as 3rd priority
Sell GBP as 4th priority

something to LEARN if you're a newbie
when you Sell CADCHF, it is EXACTLY the SAME thing that you are Buying CHF !!
when you Buy GBPCHF, it is EXACTLY the SAME thing that you are Selling CHF !!

therefore, i will

Sell NZDJPY (check priorities above)
Sell NZDCAD (check priorities above)
Sell NZDUSD (check priorities above)
Sell NZDCHF
Sell GBPJPY
Buy EURNZD
Sell AUDJPY
Sell GBPCAD

as usual, i will use Smaller/Smallest Lot Size on the Lowest Priority pairs !!

let's see if the Holy Grail will continue to DEFEAT the market :D:D:D
 
Last edited:
How do you make your priorities

Teboho Mohale said:
today
Thursday, July 2, 2020, 11:00 GMT+2

after looking across these 32 charts

EURUSD
USDJPY
GBPUSD
AUDUSD
USDCAD
USDCHF
NZDUSD
EURJPY
EURGBP
EURAUD
EURCAD
EURCHF
EURNZD
GBPJPY
GBPAUD
GBPCAD
GBPCHF
GBPNZD
AUDJPY
AUDCAD
AUDCHF
AUDNZD
CADJPY
CADCHF
CHFJPY
NZDJPY
NZDCAD
NZDCHF
USDNOK
USDZAR
GOLDUSD
SILVERUSD

and observing their Fibonacci Buy zones and Sell zones over the past 2 weeks on M15 timeframe

i must say that i see a very WEIRD and MIXED-UP outlook on the charts today, so I am expecting a SIGNIFICANT amount of DRAWDOWN before the price finally reverses, but

the Holy Grail is telling me that i should

Sell NZD 1st priority
Buy JPY as 2nd priority
Buy CAD as 3rd priority
Sell GBP as 4th priority

something to LEARN if you're a newbie
when you Sell CADCHF, it is EXACTLY the SAME thing that you are Buying CHF !!
when you Buy GBPCHF, it is EXACTLY the SAME thing that you are Selling CHF !!

therefore, i will

Sell NZDJPY (check priorities above)
Sell NZDCAD (check priorities above)
Sell NZDUSD (check priorities above)
Sell NZDCHF
Sell GBPJPY
Buy EURNZD
Sell AUDJPY
Sell GBPCAD

as usual, i will use Smaller/Smallest Lot Size on the Lowest Priority pairs !!

let's see if the Holy Grail will continue to DEFEAT the market :D:D:D
Click to expand...
 
mikeblu said:
How do you make your priorities
Click to expand...

NZD is the "currency" that is in more BUY or SELL zones **than ALL other** currencies
JPY is the "currency" that is NEXT-in-line in more BUY or SELL zones **than ALL other** currencies
CAD is the "currency" that is NEXT-in-line in more BUY or SELL zones **than ALL other** currencies
. . . and so forth

therefore
Sell NZD as 1st priority
Buy JPY as 2nd priority
Buy CAD as 3rd priority
Sell GBP as 4th priority
 
Teboho Mohale said:
i "pray" that there is NO ONE who is using the Grid Trading EA to trade this strategy today = SuperSignal-EA v3.32 :sweating::sweating:
Click to expand...
Today's loss is dangerous
You know how to get into the currency pairs
And I don't haha
I placed an order to both buy and sell all currency pairs
 

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Lilkeny said:
Today's loss is dangerous
You know how to get into the currency pairs
And I don't haha
I placed an order to both buy and sell all currency pairs
Click to expand...

YES !! that is whyyyy I *did already* WARN EVERYONE in my FIRST post above that i am EXPECTING a SIGNIFICANT amount of DRAWDOWN before the price finally reverses because AS SOON as i looked at the charts this morning, i noticed that there was NO STRONG/CLEAR bias except the small opportunity to sell NZD which was also a "weak" opportunity because NZD was STILL FAR from the Buy/Sell zones on its other pairs when i viewed it against other currencies, i.e. i looked at NZD on
NZDUSD
EURNZD
NZDJPY
GBPNZD
AUDNZD
NZDCAD
NZDCHF
and only 4 of these 7 were in the Buy/Sell zone, the rest of them had NOT yet REACHED the Buy/Sell zone, indicating that there was a DEFINITE BIG chance for a significant drawdown on these other charts before the reversal (Sell NZD) finally begins.

In addition, Mohd Ridzuan warned us that he HATES trading the NZD pairs and CHF pairs with this strategy because these TWO are already KNOWN POOR CHOICES for this strategy, but for me personally I Don't hate ANY currency, I see NOTHING evil in NZD and CHF pairs at all.
 
Teboho Mohale said:
YES !! that is whyyyy I *did already* WARN EVERYONE in my FIRST post above that i am EXPECTING a SIGNIFICANT amount of DRAWDOWN before the price finally reverses because AS SOON as i looked at the charts this morning, i noticed that there was NO STRONG/CLEAR bias except the small opportunity to sell NZD which was also a "weak" opportunity because NZD was STILL FAR from the Buy/Sell zones on its other pairs when i viewed it against other currencies, i.e. i looked at NZD on
NZDUSD
EURNZD
NZDJPY
GBPNZD
AUDNZD
NZDCAD
NZDCHF
and only 4 of these 7 were in the Buy/Sell zone, the rest of them had NOT yet REACHED the Buy/Sell zone, indicating that there was a DEFINITE BIG chance for a significant drawdown on these other charts before the reversal (Sell NZD) finally begins.

In addition, Mohd Ridzuan warned us that he HATES trading the NZD pairs and CHF pairs with this strategy because these TWO are already KNOWN POOR CHOICES for this strategy, but for me personally I Don't hate ANY currency, I see NOTHING evil in NZD and CHF pairs at all.
Click to expand...
Is there any indicator that can tell which pair should be on or not
is very good
 
Lilkeny said:
Is there any indicator that can tell which pair should be on or not
is very good
Click to expand...

No, there is None ! i wish there was an indicator like that Lilkeny :D:D

that is ONE reason whyyyy i Don't like to trade with Robots and EAs, they Lack ability to view the market from a RATIONAL and HOLISTIC point of view, they are too mechanical and they just open trades on ANY pair as long as there is a SIGNAL/arrow showing on that pair, Lmao :giggle::giggle::giggle:

if there is an opportunity to Sell NZD, the Robots/EAs and their owners (Robotic/Mechanical traders) they Don't think about choosing between
Selling NZDUSD , or
Selling NZDJPY , or
Selling NZDCAD
as long as ONE of these three has a signal/arrow showing on it, they just pick the FIRST-One (Any One) and they RUSH to think that it is READY to be traded because they view it as an ISOLATED opportunity as if it was a STANDALONE pair in the market. They Don't have a way to think and determine that ONE of these three pairs might be a BETTER choice than the OTHER Two due to the bias/Un-equal-Strength between USD, JPY and CAD in the market on that day :giggle: !!! So MANY times the EAs and Robots they hit "near" the target (they are ALMOST right, but Not so Right) !
 
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