also an important indicator for me .......
- Joined Jul 2011 | Status: Member | 7,749 Posts
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
46.8%
How many parameters are too many? 0 replies
Why do so many people use MT4? 55 replies
Why so many indicators, oscillators, and tools on charts 131 replies
What indicators do Hedge Funds use or do they even use one? 12 replies
How many pairs is considered too many? 8 replies
QuoteDislikedOK, I withdraw this statement. I correct.....
I am a basket trader. And if you trade all of the signals shown, you win at the end of the day. Point.
QuoteDislikedfrom 600 to 2668 EU
QuoteDislikedReally? I thought you were trying to learn what to put on your naked chart so you would know how to trade.
QuoteDislikedThere is 0.00% chance you can gamble on a naked chart and out trade me, LOL. That's hilarious.
QuoteDislikedYour fundamental approach is worthless against intraday price cycles. Trying to trade the next trade, based on the high/low of the last trade, indicates you know nothing about graphs and how to use the plotted data to project future movement. It's called Statistics, and involves determining the probability, or odds, of the future.
Disliked{quote} Impressive results. That's over 400% in 14 months. Around 30% per month profit. Very impressive. I'm sure the signals come from a properly coded system that took a lot of time to develop. My only issue with it is the risk. Since you started with a low balance I assume you are comfortable with it though. I would recommend lowering your risk since your draw-down of almost 70% is pretty risky, and trading with this much risk is not going to work long term, but congrats on growing your account to this point. It's going to get much harder from...Ignored
Disliked{quote} Nice. Keep at it, looking for ways to improve. Of course, on the other hand, if you are satisfied, then don't. As for me, I think June 20th and November 27th were non profitable days. I think I lost 7 pips one slow day in June, and a little over 3 pips on the day before Thanksgiving. Other than that, I generally average 36-58 pips per day over each of 8 pairs, about 375 pips a day on yearly average. Two slow trading days basically account to nothing, and if the market cannot beat the spread, lol, there is simply nothing I can do to improve...Ignored
DislikedJetTrader I refuse to believe that you misunderstood what I meant by my statement.Ignored
Disliked{quote} Brilliant idea! I believe that indicators can be used to trade profitably, but before one can do that, he would have understood the Dynamics of markets. VIPTRADING kindly share how one can trade without indicators, so that struggling traders can learn the basics here. ThanksIgnored
Disliked{quote} I used to use the weekends to identify where the vertical movement of price actually began and ended on each trade. Then I looked for ways to target those specific trades, while simultaneously being able to ignore the garbage movement in-between them. If you can learn to do that, it should significantly reduce draw down to nearly non-existent, and increase your win/loss ratio to achieve more consistency, so you can increase risk. I will give you a hint on how I did it. The bell curve is my secret to trading wealth. I figured out how to independently...Ignored
Disliked{quote} I agree. It is actually in the arena of Quantitative Analysis and that form of math is new and not well known. It relies heavily on identifying control limits so you know the make or break points of future data projections. It started as a way to determine how many supply ships to send to Europe during WWII, and how many to expect to arrive unharmed. It might be difficult for the average person to convert its use to trading graphs. I removed it for you.Ignored
Disliked{quote} Exact same sentiment to you. Next time however, gain and understanding of what you don't yet know before having an opinion about it. I'm still waiting for you to do what the OP asked: Show a trade.Ignored
Disliked{quote} Exact same sentiment to you. Next time however, gain and understanding of what you don't yet know before having an opinion about it. I'm still waiting for you to do what the OP asked: Show a trade.Ignored
Disliked{quote} Here is what the indicator based system tells right now. Potential intraday trades indicated by the zones. Those zones are calculated by tools(not supdem or SR indicators) that will update itself with each in-coming tick. The picture shows only the manually drawn levels aspect of analysis. I don't trade EA btw. {image}Ignored
Disliked{quote} One final point about day trading EA today. The math formula tool right now says that the higher probability trade is to look for long opportunity.Ignored
DislikedGod not read so much nonsense from some people for a long time. Anyone care to share an actual trade explorer on a live account? With all this expert knowledge it's only reasonable to ask for solid proof..Ignored
Disliked{quote} They say trading is really hard, but it is a walk in the park compared to getting an account statement of 3 or 6 months. Its very advanced stuff, you first have to open your trading platform, then you have to click on some buttons, then click on more buttons, then choose the period for the statement, then save the statement. As you can see it takes a lot of work and requires a lot of practice. If you apply for a job at a big trading institution, its the first thing they will ask you. How good are you with account statements....Ignored