MrRenev

Proving a point

Short
MrRenev Updated   
FX:GBPAUD   British Pound / Australian Dollar
The moment I sell it will reverse

Sure it looks like it's going down already (seconds after I sold) but it's a trick.

I hate those. Was looking to short from the start, then drops out of nowhere, then never does the pullback I want and keeps going forever.
Trade active
Trade closed: stop reached:
Predicting the future & catching falling knives is so easy! 😂
Every one that says you cannot predict the future and should not catch falling knives is a fool.
I predicted the exact bottom.


Ok so now the price is at the previous low (look left).
Trend followers will look for continuation from here.
Either short now or have more rules and wait for a new low.
And this is when I will buy kek.


If the price continues up obviously this is all cancelled.

I have to imagine the poor "been trading for 3 months" eating all kinds of conflicting signals and getting constantly keelhauled by the market.
And each time they change their approach it is wrong and the previous (-3) one was right and they just go in circles "I was right the first time" just ripping their hair out because the society brainwashing does not apply to real life.
Comment:
Trade active:
hmmm well... really?

I can't believe I called the very bottom. Idk how.

The less rules I have and the more I just go on instinct like flipping a coin then the more I keep winning.

Logically if I rage sell here I should win 100% 👍
Risking 20% more than usual.


Seems too obvious...
Comment:
A win? Is this a win? Or an oasis? I am so thirsty.
Instantly moved my stop to breakeven.
Going to read some tips on "never move sl to breakeven" by clowns that never made money to have a good laugh.
Anything they say just do the opposite.
I guess their tips apply to standard people that won't ever make money anyway. Not to me.
Don't revenge trade => I know it's good for me. This was a revenge trade, and I used bigger size, and rewarded as usual. Also called the very bottom should have bought rather than "have rules". Every time. Seing a pattern here.






“Break even is just related to risk aversion, not to price behaviour”
“You should always move to a strategic technical level and not bla bla bla”
Hahaha noobs.

They can't even call the exact bottom just by gut feeling.
I literally called the exact bottom here and I did not use any stupid "technical" nonsense.
Literally just by feeling. The market is made of people not arbitrary technicals.

Once it is luck, twice still luck, 50 times in a row ye maybe not luck.

I don't even know why I have so many stats and spent so much time on them lol, might as well just gone with my gut from day 1 :D
But really all the knowledge I accumulated and understanding the market has made it stronger.
As much a learning thing than a skill to practice.
Like getting good with idk say shaco (league of legends), easy spells and all but every one is too stupid to buy pink wards, and players get good by limit testing it over hundreds of games, not by having an excel with all the numbers in it. MOBAS best example.

And the really funny thing, that make "teachers" look like complete idiots... With this "don't move at breakeven", so they assume you shouldn't enter at a "strategic" level? Did it even cross their mind? 😂
Imagine being that dense and oblivious. You entered at this level for a reason so a stop around there makes sense. And it's dynamic once price goes down it should continue to. If it retraces more than 2/3 it is too much, and then if you're not super precise 'oh no' no what? You're not supposed to be. Maybe you'll get stopped out of a winner 1% of the time, so your winrate goes down a bit, but since you move your SL to breakeven + a bit you get a better risk to reward on average, unless your edge is absolute disgusting manure, it will close to cancel each other.

If I am for 6R I'll move my SL to ~breakeven from ~2R. And then trail it on the way to tgt.
This is also a reason to have stats, excel + screenshots, you will notice winners very often go your way early one, and they do not retrace much.

Not moving a stop to breakeven = BAGHODLER.

"Educators" contradict themselves, they say exit losers rapidly but stay in winners.
Well it's dynamic you dense scammers! Once you are at 2R/6 => same as risking 3 to make 4 if you don't move your stop. Use brain please. The market does not care where you entered, therefore why would it be different? And "the market does not care where you entered" is also something they say (without understanding it).

Just shows how bad they all are and how you won't learn anything other than on your own.
Comment:
This month just supposed to be bad.
Maybe it goes choppy, maybe it goes down. It's random.

Comment:
Glad I got out. "Go with the trend" "Run your winners". Run your losers they mean?


I called the exact bottom. Imagine if I bought there...


I really did not expect to be that precise I'll put this on the account of luck (the precision, not the intuition it will reverse).

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