Your ask VP was down, and I know you don't read comments, but I gotta thank you!!! I've been studying forex for 3 years, and was losing trade after trade consistently. I watched all of your videos, and created a system so great, that I've grown my account 20% in two weeks while only having a 2% risk per trade. Crazy thing is, I have yet to get stopped out. Im expecting a downturn at some point, but the results I'm getting now are an astronomical difference compared to what I was doing while following the 99%. I believe that I will be able to call myself a true professional very soon. Keep it up, VP. You're changing lives my friend.
[ ]--["""""|"""""|"""""|"""""|]>---------- DecreaseAccountacillin **take as directed. Side effects may include sweaty palms, getting woke, doing what the fuck you know you're supposed to do
Reassurance please... I don’t know if I’m doing the right thing on really takin my time with backtesting... I’m moving though pages of indicators and keeping a journal and mapping out my progress... I don’t want to move on to the next indicator until I found the confirmation indicator I am looking for and so far I have only found 2 that on multiple backtest have a consistent result of 67-69% win rate... I wonder am I being to critical or should I stop comparing my progress and approach from everyone else?
I actually had to watch this video twice in it's entirety before I caught on. But once I did, it was honestly very refreshing. Every video allows me to see more clearly how reversal trading isn't the way to go. Before this channel I didn't even know what I was doing was called reversal trading. I just thought that that's how it went, because everyone else did it that way and there is a bit of success in them doing so. Fortunately for me, I kept losing and eventually sat myself down, stopped trading and decided to study more.. That actually wasn't my first time doing that. Recently, (last week) I defunded my account, and said I will not start back until I'm completely confident in my trading. I've lost more than I've put in and that season has come to past. So I stumbled across your channel. And I kid you not, the very first few videos, I laughed through them because it's so funny how accurate you are. Which would have been intimidating to most, but it's validating for me. Because I knew there had to be something wrong with the way I was trading/taught. It was as if the same time you were stabbing me, you were also draining the poison and then stitching me up so the wounds could heal. I would literally zoom out on the higher time frame charts and say, if only there was a way to trade for the long haul and catch those pips instead of these stressful baby sprinkles. I've literally loss more sleep being a reversal trader than at any job I've ever had. I just want to say thanks for your brave generosity. Thank you from the bottom of my heart for sharing.
No Nonsense Forex no VP you're a stone cold genius. To be able to make an algorithm like this and then be able to explain it so simply yet so in depth is not something many people can do, as I'm sure you're more than aware. The small rules like these are so powerful, it's a very obscure outside the box way of thinking, but that's what makes good traders imo.
He’s right. Waiting for pullbacks was bad for my experience. The price kept going my way and at a certain point I don’t want to get in anymore because it never pulled back
You're just the best. My best video has always been the "Patience video". I love this too. I'm now creating a separate notebook for all the stuff I learn from your podcast. No matter how long your videos are, it's always very educational to watch. Thanks, VP.
D@mn!!!, this is the best Forex Channel ever!!!...it almost like you can read my mind VP. I don't have to ask questions, I just wait patient and get the video I need 🔥🔥🔥🔥 show.
Can't see why some say this additional piece of trading information has completely destroy their algos. This is almost second nature when it comes to trading the market! been using pullbacks many moon ago LOL. Great video and very clear explanation of an easy topic.
Man you really are out of the box when it comes to posting videos on trading...you speak out what others don't tell or doesn't know... really love watching your channel and improving myself daily... I never backtested before entering trades.... now I'm working on it ... cheers ❤️
This is by far my favourite video to date. It shows you the high levels of problem identification and then solving.this is a problem you take years to recognize,if you don't throw the towel in by then.we owe you everything man.
First want to thank you and right after apologize. Apologize because i must jave made you super mad for asking so many questions (in a previous comment) that were ALL answered after i watched 80/90% of the content which was huge, it changed everything. This video right here (and i was actually backtesting yesterday) eliminated so many losses that my C.I and Baseline where giving me cause of those huge FU candles and now it makes so much sense. For the new people, watch all the dam videos, take the time needed, everything makes sense after we at least consumed all of the material. You bet i will be reading that blog from top to bottom soon enough, i want to skip work just to stay home trying indicators and backtesting (dont worry, i never skipped...yet (wont do it xD)). You are the best man, cant believe you give all of this for free.
VP thanks for everything, still learning more and testing more every day. Just recently back tested my whole algorithm in 2019 across all 28 pairs. Ended up being 288 trades, and out of all those trades only 15 of them were trades that hit my SL, so I only loss 2% of my portfolio 15 times out of 288 trades.. amazing would’ve been less because I did not use your EVZ method nor did I split risk on trades that contain similar currencies (USD/CHF and USD/JPY) for example. If I did that, then those 15 losses would’ve been way less than 2% and some would’ve never been taken if EVZ wasn’t were it needed to be. Thanks for everything, still testing testing and more testing. Reducing size of loss is the same as winning an additional small trade
I press “Like” before you complete your first sentence...so confident it’ll be excellent....but also noticed you have 77K+ subscribers....congratulations
Wow! This was something I have been wondering about for the last month; to enter a trade after a big candle. And pullbackitis...that one hurts. Tried to enter at a “discount” and missed out on a long trend that kept going after I placed an order and went about 250 pips...I went back to watch the discipline video after that.
This is going to be a very useful concept. Going to set aside a day to check against losses in my backtesting, and apply it to my forward testing from this point on.
thanks vp, been watching your vids since late 2018 cant give you enough credit, you've changed how I look at the markets, a lot of the time its just me over complicating it, almost found my formula still testing exit indicators, thanks for all the tips
Another GREAT VIDEO..!! It`s not only the Baseline and the confirmation indicators,,it again shows the importance of one of the best indicators in Forex..THE ATR..!!! Can't wait for the next weeks video. Absolutely phenomenal advices in this channel!!!!!!
I love your channel, No Nonsense Forex. I use Ichimoku Kinko Hyo and employ the pullback strategy too. I used to enter trades as long as price action aligned with the overall trends (across different time frames). Then I noticed candles retracing to Kijun-sen or Tenkan-sen and entered additional trades. These days, I just wait for retracements to happen before I start entering.
Thanks again for another awesome video. I completely understand everything you went over. One of my biggest questions was how far from the baseline should you wait for your indicators to catch up. This baseline is magic in itself. Just simply awesome.
Thank you for publishing your videos and podcasts VP! They have really helped me become more profitable .... greatly appreciated! .... keep on going looking forward to the next one!
Swear don't make it up. I caught the idea of base line and use atr to gauge price before VP officially revealed it. Really proud of it. Though i havent got time to pull things together but religiously following the money management rules and confirmation indicators has already presented me constant profits in the last 6 wks or so. Sure much longer testing period is needed but this is promising for the first time ever since my trading journey started. You're awesome VP!
Pull-backitis. It’s worse than tonsillitis and hepatitis combined. This video actually addresses some specific questions I had. I knew I needed some additional rules to apply to the system. Still one thing that’s not perfectly clear though. As an example, if trend is bullish and I took a trade, then I got out when sl was hit or exit indicator said exit and I take my profit. Then trend continues up, and I get a new signal with agreement from all indicators to buy again. So price never dropped below the baseline, just dropped toward it before pushing back up. But it’s further from the baseline at that point than the ATR, does that mean DONT take that continuation trade? The data is adding up for my system and looking good. Still can’t wait for the prop firm video! Cant wait for next weeks video either.
It must be somewhere, where not too often pullbacks occur ;-) Next vid will show us, I am certain... But bear in mind, volume sucks at the moment for our system, money seems to be more in other asset classes...
Anush Mohafez I’ve done pretty well over the last 2 months. VPs rule on overall market volume $EVZ is something he presented as optional. I think if your algorithm is strong, it will get you into the trends on pairs that are trending better than others, while keeping you out of a large percentage of bad trades. I expect to have bad trades, and I think my ratio of good to bad trades is going to be very similar in the current market as it would be in a more volatile market with more volume. This is my opinion anyways, and what I’ve found over the past 3 months with my algo
Thank you, thank you, thank you! There is information in this video that I never would have thought of, at least not without a few years experience. This is great.
Good video VP, I have been experimenting with this concept over the past few weeks and have found that at times I have missed a few big trades on the GBP as I was trying to get in for a better price and it just kept going. I have found that if you get that big candle you can get in at a better price but you really have to evaluate where that price needs to be. I use heikin ashi candles exclusively and it dose help to filter out some of the noise and help you to place sensible pullback prices based on a percentage of the current candle, but again it dosent always get hit and then you either miss or get in for a worse price than before.
Another great video and explanation of another tool to add to the kit. Ironically you gave the best description of how you are *Meant* to use Bollinger Bands I have ever heard. Not that it will work any better.
Excellent Video as Always. Catching up on all videos. No words to describe the efforts that you put in your videos. I am really grateful and humble to be one of your student.
Thanks also for the nugget about not entering if it goes over 1xATR past the baseline. I was wondering when entering a signal to go long or short was too late.👍
I've got 2 scenarios: 1. Price flips BL, 2 candles later it's more than 1x ATR above it, 2 candles later it's within 1x ATR. This is when your other indicators caught up. Do we enter the trade? 2. Price flips BL, 1 candle later is an FU candle, 2 candles later the price is within 1x ATR. Do we enter the trade here?
I have watched about 3 hours of your videos at most and I feel like I am in a diffrent world. I am using the ATR to decide trade value and iy works like a charm. I wish I found you years ago but thats ok because now I can GO GET IT!! And I Will!!!!
VP, thanks for the video, I have one question, on the rules for pullbacks slide, you highlight that this applies to when price in one candle shoots way past my baseline. What happens in a situation where the market gaps, instead of having a candle shooting above the baseline, the market gaps and the next candle forms way above your baseline, and if this scenario does apply in the context of this subject, how would one measure the number of pips to compare to the ATR? Would you measure the actual gap (the distance between the baseline and the start of the new candle after the gap) or would you wait for that very next candle after the gap to close and measure the distance between the baseline and the close of that candle and compare that with the ATR?
Just making sure I'm on the same page here: 1. if the candle crosses AND my CI agrees but diff from baseline is > 1ATR - I wait 1 candle (only) for pullback and if it doesn't come I abort (and wait for next candle-baseline cross) 2. If candle crosses and my CI disagrees I wait for CI and if when it comes diff from baseline is >1ATR I abort 3. If when CI agrees price is less than 1ATR diff from baseline I go along even if while CI disagreed price shot above 1ATR from baseine ?? Thanks!
thanks VP. I was actually seen such losing trades when backtesting even though the whole system agreed. I was tweaking my system but couldn't eliminate such losses. so, this is another mystery solved for me. actually, I'm seeing such long candle now CADCHF, let's see tomorrow whether we can have some pullback.
Is the magic number 100 or base it on the ATR Value if its greater than difference of baseline price and close price, to call it a pullback? Just wanted to make sure on it
One more Baseline video yet to come. Then you can officially start backtesting them! So much fun.
Your ask VP was down, and I know you don't read comments, but I gotta thank you!!! I've been studying forex for 3 years, and was losing trade after trade consistently. I watched all of your videos, and created a system so great, that I've grown my account 20% in two weeks while only having a 2% risk per trade. Crazy thing is, I have yet to get stopped out. Im expecting a downturn at some point, but the results I'm getting now are an astronomical difference compared to what I was doing while following the 99%. I believe that I will be able to call myself a true professional very soon. Keep it up, VP. You're changing lives my friend.
@@parttimetrader4328 Take it easy. Reduce risk to 1% as account grows. and don't think you're a professional for another 5 years or so. :)
[ ]--["""""|"""""|"""""|"""""|]>----------
DecreaseAccountacillin
**take as directed. Side effects may include sweaty palms, getting woke, doing what the fuck you know you're supposed to do
Reassurance please... I don’t know if I’m doing the right thing on really takin my time with backtesting... I’m moving though pages of indicators and keeping a journal and mapping out my progress... I don’t want to move on to the next indicator until I found the confirmation indicator I am looking for and so far I have only found 2 that on multiple backtest have a consistent result of 67-69% win rate... I wonder am I being to critical or should I stop comparing my progress and approach from everyone else?
I came across the baseline before you ("tear" LOL) BUT you're the only one who actually convinced me this was important! #loveyouman #nohomo LOL
I love coming back to your videos to make sure I don't fall back in the losing trap. Thanks a lot!
I actually had to watch this video twice in it's entirety before I caught on. But once I did, it was honestly very refreshing. Every video allows me to see more clearly how reversal trading isn't the way to go. Before this channel I didn't even know what I was doing was called reversal trading. I just thought that that's how it went, because everyone else did it that way and there is a bit of success in them doing so.
Fortunately for me, I kept losing and eventually sat myself down, stopped trading and decided to study more.. That actually wasn't my first time doing that. Recently, (last week) I defunded my account, and said I will not start back until I'm completely confident in my trading. I've lost more than I've put in and that season has come to past.
So I stumbled across your channel.
And I kid you not, the very first few videos, I laughed through them because it's so funny how accurate you are. Which would have been intimidating to most, but it's validating for me. Because I knew there had to be something wrong with the way I was trading/taught. It was as if the same time you were stabbing me, you were also draining the poison and then stitching me up so the wounds could heal.
I would literally zoom out on the higher time frame charts and say, if only there was a way to trade for the long haul and catch those pips instead of these stressful baby sprinkles. I've literally loss more sleep being a reversal trader than at any job I've ever had.
I just want to say thanks for your brave generosity. Thank you from the bottom of my heart for sharing.
Call me crazy but I didn't find it hard to understand at all. On point and thorough explanation. Thanks VP
This is because you're a stone-cold genius.
No Nonsense Forex no VP you're a stone cold genius. To be able to make an algorithm like this and then be able to explain it so simply yet so in depth is not something many people can do, as I'm sure you're more than aware. The small rules like these are so powerful, it's a very obscure outside the box way of thinking, but that's what makes good traders imo.
Yep, not difficult at all to get.
He’s right. Waiting for pullbacks was bad for my experience. The price kept going my way and at a certain point I don’t want to get in anymore because it never pulled back
You're just the best. My best video has always been the "Patience video". I love this too.
I'm now creating a separate notebook for all the stuff I learn from your podcast. No matter how long your videos are, it's always very educational to watch.
Thanks, VP.
Seen examples of these so many times when back testing. Invaluable stuff. Thank you Miyagi San. Gold nuggets every time.
I'm so glad to hear someone say 'candle' (the thing you set fire to) instead of 'candlesticks' (supports for candles).
D@mn!!!, this is the best Forex Channel ever!!!...it almost like you can read my mind VP. I don't have to ask questions, I just wait patient and get the video I need 🔥🔥🔥🔥 show.
Can't see why some say this additional piece of trading information has completely destroy their algos. This is almost second nature when it comes to trading the market! been using pullbacks many moon ago LOL. Great video and very clear explanation of an easy topic.
Man you really are out of the box when it comes to posting videos on trading...you speak out what others don't tell or doesn't know... really love watching your channel and improving myself daily... I never backtested before entering trades.... now I'm working on it ... cheers ❤️
Basic things I’ve been doing for a while. Glad to see you endorse it.
This is by far my favourite video to date. It shows you the high levels of problem identification and then solving.this is a problem you take years to recognize,if you don't throw the towel in by then.we owe you everything man.
First want to thank you and right after apologize. Apologize because i must jave made you super mad for asking so many questions (in a previous comment) that were ALL answered after i watched 80/90% of the content which was huge, it changed everything. This video right here (and i was actually backtesting yesterday) eliminated so many losses that my C.I and Baseline where giving me cause of those huge FU candles and now it makes so much sense. For the new people, watch all the dam videos, take the time needed, everything makes sense after we at least consumed all of the material. You bet i will be reading that blog from top to bottom soon enough, i want to skip work just to stay home trying indicators and backtesting (dont worry, i never skipped...yet (wont do it xD)). You are the best man, cant believe you give all of this for free.
I can not thank this Genius of a trader more enough for creating a UA-cam channel,LOVE YOU SO MUCH!!
Best channel ever! No BS, just clean information!
VP thanks for everything, still learning more and testing more every day. Just recently back tested my whole algorithm in 2019 across all 28 pairs. Ended up being 288 trades, and out of all those trades only 15 of them were trades that hit my SL, so I only loss 2% of my portfolio 15 times out of 288 trades.. amazing would’ve been less because I did not use your EVZ method nor did I split risk on trades that contain similar currencies (USD/CHF and USD/JPY) for example. If I did that, then those 15 losses would’ve been way less than 2% and some would’ve never been taken if EVZ wasn’t were it needed to be. Thanks for everything, still testing testing and more testing.
Reducing size of loss is the same as winning an additional small trade
I could have eliminated 3 trades if I had known that before
Thank you so much vp.
I press “Like” before you complete your first sentence...so confident it’ll be excellent....but also noticed you have 77K+ subscribers....congratulations
Wow! This was something I have been wondering about for the last month; to enter a trade after a big candle. And pullbackitis...that one hurts. Tried to enter at a “discount” and missed out on a long trend that kept going after I placed an order and went about 250 pips...I went back to watch the discipline video after that.
This is going to be a very useful concept. Going to set aside a day to check against losses in my backtesting, and apply it to my forward testing from this point on.
I'm learning every week, all for free. Always great video. The best trading channel in the planet! Thank you VP.
Brilliant! More tools and more rules adding to the Algo. THANKS VP!👍
These videos are getting better and better! Thanks, VP
VP thank you as always. I have been missing good trades because I keep shopping for discounts. Now I know how to apply the pull back concept better.
Thanks for another great video. Simple, brief and really good examples. Keep the wisdom coming.
This is beyond brilliant ! Can't thank you enough VP !
thanks vp, been watching your vids since late 2018 cant give you enough credit, you've changed how I look at the markets, a lot of the time its just me over complicating it, almost found my formula still testing exit indicators, thanks for all the tips
Another GREAT VIDEO..!! It`s not only the Baseline and the confirmation indicators,,it again shows the importance of one of the best indicators in Forex..THE ATR..!!! Can't wait for the next weeks video. Absolutely phenomenal advices in this channel!!!!!!
I watch all of your videos twice once with notes once without to fully understand everything, great video.
I love your channel, No Nonsense Forex. I use Ichimoku Kinko Hyo and employ the pullback strategy too. I used to enter trades as long as price action aligned with the overall trends (across different time frames). Then I noticed candles retracing to Kijun-sen or Tenkan-sen and entered additional trades. These days, I just wait for retracements to happen before I start entering.
Thank you for this lesson VP.
Thanks again for another awesome video. I completely understand everything you went over. One of my biggest questions was how far from the baseline should you wait for your indicators to catch up. This baseline is magic in itself. Just simply awesome.
Just want to say thanks VP. Thanks so much for all you put together and for sharing with us mere mortal traders!
Thank you for publishing your videos and podcasts VP! They have really helped me become more profitable .... greatly appreciated! .... keep on going looking forward to the next one!
Thanks again VP, you are always supplying informative material on trading....
Another great video. Thank you VP. We’ll explained 👍
Owesome video, very useful information, very well explained!!THANK YOU SO MUCH!
Your two things made my life so beautiful and profitable.. changing to day chart & eliminating losses. Thanks KP
Sometimes it's just that simple
6:56 "one second" made me smile to VP
Thxs for a great explanation to pullback love these vids. Thxs VP
Seriously great stuff. Never ever heard anyone anywhere else talking anything like this. Thanks, appreciated.
Thank you VP for changing not just my trading life, but also for the nuggets that can also be applied to life in general.
Swear don't make it up. I caught the idea of base line and use atr to gauge price before VP officially revealed it. Really proud of it. Though i havent got time to pull things together but religiously following the money management rules and confirmation indicators has already presented me constant profits in the last 6 wks or so. Sure much longer testing period is needed but this is promising for the first time ever since my trading journey started. You're awesome VP!
Pull-backitis. It’s worse than tonsillitis and hepatitis combined.
This video actually addresses some specific questions I had. I knew I needed some additional rules to apply to the system.
Still one thing that’s not perfectly clear though. As an example, if trend is bullish and I took a trade, then I got out when sl was hit or exit indicator said exit and I take my profit. Then trend continues up, and I get a new signal with agreement from all indicators to buy again. So price never dropped below the baseline, just dropped toward it before pushing back up. But it’s further from the baseline at that point than the ATR, does that mean DONT take that continuation trade?
The data is adding up for my system and looking good. Still can’t wait for the prop firm video! Cant wait for next weeks video either.
Your comment cut off, but if I'm guessing right, next week's video is what you're looking for.
It must be somewhere, where not too often pullbacks occur ;-) Next vid will show us, I am certain... But bear in mind, volume sucks at the moment for our system, money seems to be more in other asset classes...
No Nonsense Forex sounds good. So it sounds like we’re nearing the end of the complete VP course at this point?
Anush Mohafez I’ve done pretty well over the last 2 months. VPs rule on overall market volume $EVZ is something he presented as optional. I think if your algorithm is strong, it will get you into the trends on pairs that are trending better than others, while keeping you out of a large percentage of bad trades. I expect to have bad trades, and I think my ratio of good to bad trades is going to be very similar in the current market as it would be in a more volatile market with more volume. This is my opinion anyways, and what I’ve found over the past 3 months with my algo
VP back at it again with the golden nuggets.. thank you
Thank you, thank you, thank you!
There is information in this video that I never would have thought of, at least not without a few years experience.
This is great.
Back after 5 months to finally understand the pullbacks and how to apply them to my system 😍
Gonna have to fiddle with the pullback rules, 1ATR doesn't seem to suit my baseline... time to do some testing. Great video VP, God's work.
Good video VP, I have been experimenting with this concept over the past few weeks and have found that at times I have missed a few big trades on the GBP as I was trying to get in for a better price and it just kept going. I have found that if you get that big candle you can get in at a better price but you really have to evaluate where that price needs to be. I use heikin ashi candles exclusively and it dose help to filter out some of the noise and help you to place sensible pullback prices based on a percentage of the current candle, but again it dosent always get hit and then you either miss or get in for a worse price than before.
if you put in the work, you'll understand how important this information is. Thank you VP!
Another great video and explanation of another tool to add to the kit. Ironically you gave the best description of how you are *Meant* to use Bollinger Bands I have ever heard. Not that it will work any better.
Excellent Video as Always. Catching up on all videos. No words to describe the efforts that you put in your videos. I am really grateful and humble to be one of your student.
Thanks again for the no-nonsense, no-BS forex vid.. not 1 second of it was a waste of time.. and btw, love your laughter =P
Your idea really makes sense when it comes to pullbacks. Thanks a lot!
Raining gold nuggets knowledge every Monday and Thursday. 👨💻 Thanks VP!! 🏆🏆
Perfect examples, can't be more clearer than that. Thank you for all the videos and I hope you will be rewarded for your kindness. Happy trading!
Great content VP. Thank you for sharing this.
Thanks also for the nugget about not entering if it goes over 1xATR past the baseline. I was wondering when entering a signal to go long or short was too late.👍
Thanks VP! These candles have been bothering me, but wasn't sure if we should be worried about them or not!
Another brilliant video VP...knocked it out of the ball park...exactly what i experienced today and found my cure for pullback itis..lol
This situation had me wondering how to play. Appreciate the clarity as it put it all in perspective
So glad I understood this.. I'M NOT STUPID AFTER ALL!! HIP HIP HOORAY.. these videos are solid gold.
Can't believe you're giving away this stuff for free. You are truly a G. Thank you
thanks again VP for another great lesson.
VP just like you read the questions I had in mind. Thank you so much.
great my hero master GOD bless you and your sweet family
Your videos are the best thing that happen to me.
Im so gratefull with all your help!!!
I've got 2 scenarios:
1. Price flips BL, 2 candles later it's more than 1x ATR above it, 2 candles later it's within 1x ATR. This is when your other indicators caught up. Do we enter the trade?
2. Price flips BL, 1 candle later is an FU candle, 2 candles later the price is within 1x ATR. Do we enter the trade here?
Great and useful information, easy to understand. More reasons why the ATR is the #1 indicator. Thanks VP!
Holy Snap This is The Holy Grail the way you have such a system that Really Counters so many things in the World is Truly a Skill no its and Art form.
Cheers mate! Great tip for the >1xATR baseline!
OMG I love grandad from the boondocks! nice picture selection
Very well explained sir.
Kudos.
VP I’m glad you made a video about this. I was trying to figure this out myself and you made it much more clear for me. Thank you senpai.
Got it! Great video and perfectly explained as usual!
Great video ! so logical in many ways thx VP
I have watched about 3 hours of your videos at most and I feel like I am in a diffrent world. I am using the ATR to decide trade value and iy works like a charm. I wish I found you years ago but thats ok because now I can GO GET IT!! And I Will!!!!
I'm glad I found this channel.
A gem.
Like always :)
Best Forex Channel hands downs!!!
I never stop learning form this videos!!! just when I thought I had all figured out I did not!!! GOOD!!! I OWN YOU VP!
Thank you Vp great video i guess my trading just got better
The best words here: the moves you missed your own system gave you, are the ones that will eat at you most. I 100% vouch for that comment
“i’m clairvoyant and i’m full of shit” - words of wisdom designed to keep you grounded.
This phenomenon happens a lot on the 4 hour charts.
VP, thanks for the video, I have one question, on the rules for pullbacks slide, you highlight that this applies to when price in one candle shoots way past my baseline. What happens in a situation where the market gaps, instead of having a candle shooting above the baseline, the market gaps and the next candle forms way above your baseline, and if this scenario does apply in the context of this subject, how would one measure the number of pips to compare to the ATR? Would you measure the actual gap (the distance between the baseline and the start of the new candle after the gap) or would you wait for that very next candle after the gap to close and measure the distance between the baseline and the close of that candle and compare that with the ATR?
Measure the gap too
@@NoNonsenseForex Noted, once more, thanks a lot
I never used the ATR. After this video, it will be my most important indi. Thanks.
Just making sure I'm on the same page here:
1. if the candle crosses AND my CI agrees but diff from baseline is > 1ATR - I wait 1 candle (only) for pullback and if it doesn't come I abort (and wait for next candle-baseline cross)
2. If candle crosses and my CI disagrees I wait for CI and if when it comes diff from baseline is >1ATR I abort
3. If when CI agrees price is less than 1ATR diff from baseline I go along even if while CI disagreed price shot above 1ATR from baseine ??
Thanks!
Whenever this pullback scenario happens, the volume usually drops, do i still proceed to trade? or wait 1 more candle till volume says yes?
Thx VP! this really helped me avoid those doomsday sideway trend!
Hello, i got 1 sleazy question VP; would you say that the 20SMA is your Baseline....???
Tripl3333 - Yes, you watch baseline video you’ll find that :)
17:00 - I had to return and find this video just for this moment on 17:00. Backtesting and having same situation.
the ATR-Baseline rule is golden .. before if the price already hit 1.25 ATR i wont trade.
thanks VP. I was actually seen such losing trades when backtesting even though the whole system agreed. I was tweaking my system but couldn't eliminate such losses. so, this is another mystery solved for me. actually, I'm seeing such long candle now CADCHF, let's see tomorrow whether we can have some pullback.
WOW!! This explains some losses during my back testing that I didn't understand, now I know why.
You're The Best VP!🌞
Do we do pending orders at all or just wait until the next day's candle closes to assess the situation?
Is the magic number 100 or base it on the ATR Value if its greater than difference of baseline price and close price, to call it a pullback? Just wanted to make sure on it
Thanks for the tips! 📈📉💹 💪