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If it works, it works... 3 replies

Trading 24 hours per day, 5 days per week 14 replies

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(binned per thread starter’s request) Trading Ideas - What works?

  • #21
  • Mar 15, 2025 6:18pm Mar 15, 2025 6:18pm
Thanks Everyone for your contributions. A great start
Your trade order needs to be in the right place at the right time.
  • #22
  • Mar 15, 2025 6:31pm Mar 15, 2025 6:31pm
Information on DBHLC as posted by Emmanuel.
Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC Bearish.png Size: 57 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DBHLC Bullish.png Size: 67 KB
Your trade order needs to be in the right place at the right time.
  • #23
  • Mar 15, 2025 6:41pm Mar 15, 2025 6:41pm
Question for Everyone.
Em has posted, steady growing equity line based on trading the DBHLC.
Has anyone coded an EA or an Indicator to identify the candle pattern for further research?
Your trade order needs to be in the right place at the right time.
  • #24
  • Mar 15, 2025 6:43pm Mar 15, 2025 6:43pm
Quoting TimeTells
{quote} Hi VF Just my opinion of course. Based on situations where market price can move via incoming liquidity, OR, because of a lack of liquidity, then a traders’ / markets’ assumption that something will or should happen pricewise at a cross of a 5 hour ema and a 21 hour sma is maybe speculative to say the least. Maybe it is best to just first watch & wait to see what happens near or around OR AT your crosses before making any actual trade entry. That is, once you have a confirmation that your cross has attracted enough other trader’s interest...
Some valuable points in this post.
Your trade order needs to be in the right place at the right time.
  • #25
  • Edited 9:01pm Mar 15, 2025 7:37pm | Edited 9:01pm
My best trading setup I have been trading for 8 years is called the Liquidity Lick, but who else trades it?.

Bella from SMB Capital who has written a couple of books on trading teaches one of his favourite setups to every new student at his prop firm - his version is called the Rubberband Scalp which can be seen via Webinar called ScalpingClass.
The idea became popular here when GeorgeAUS started up his thread "Price action at the core / tea intra day" back in 2019. His version was looking for very extreme spikes on M1 and fading them back to thicker liquidity. On a verbal conversation with George I had one night, we had a falling out. I tried to argue that the best way forward was to consider using volume data as the missing ingredient to really nail our trades. Turns out it was the best direction to take this strategy and the key ingredient was to become a Tape Reader of the DOM.

Two years later I nailed that part.

The Liquidity Lick requires expansion from the VWAP as seem on M1 or M2 and the trade is to fade the spike when you see Buying or Selling programs turn on. On a DOM we are looking for Ask / Bid Imbalance Flip once the rejection candle forms. We want to see Delta Imbalance receiving NO RESISTANCE and we stay in move till PA fails. Honestly its the best trading setup I use which accounts for 70% of all my trading activity (I may trade the odd Squeeze setup as well).

Best traded on Futures - ES - NQ - Gold

PS. Back in 2019 to 2021, Zoltan (profitfarmer) ran a Discord room where we all traded a similar strategy. I reckon about 50 or 60 Forex Factory members passed through that room at that time with some of them still very active here today (no names being mentioned). Please note its not Zoltan's strategy he uses but the theme of fading big moves is the same.
PS. Keep a eye on the VIX to avoid jumping in too early.

Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: NQ LL.png Size: 109 KB
Trading thin liquidity at the boundary of the charts
  • #26
  • Mar 15, 2025 7:50pm Mar 15, 2025 7:50pm
Quoting RickM
My best trading setup I have been trading for 8 years is called the Liquidity Lick, but who else trades it?. Bella from SMB Capital who has written a couple of books on trading teaches one of his favourite setups to every new student at his prop firm - his version is called the Rubberband Scalp which can be seen via Webinar called ScalpingClass. The idea became popular here when GeorgeAUS started up his thread "Price action at the core / tea intra day" back in 2019. His version was looking for very extreme spikes on M1 and fading them back to thicker...
This is a great post.
Very informative and constructive.
Thanks for posting.
Your trade order needs to be in the right place at the right time.
  • #27
  • Mar 15, 2025 8:30pm Mar 15, 2025 8:30pm
Quoting RickM
On a verbal conversation with George I had one night, we had a falling out. I tried to argue that the best way forward was to consider using volume data as the missing ingredient to really nail our trades. {image}

A falling out, hmmm.

Rick, I remember you, me & george ourselves had a long 3 way conversation one day.
And all was sweet then. Your discussion fallout must have been after that?


After many years at this retai trading I have found that in mt4 retail currency trading no moving averages (inc tma) OR volume data are one of the holy grail either.
(and george would have known very well that any volume data in Forex is NOT volume at all, but merely an activity counter, so it surprises me Rick that you even talked about forex volume with george, at all, as you also should know that volume data in mt4 retail currency trading is actually NOT real volume by dollar).

Now of course, george's target theory still holds strongly to this day and is essentially all I would trade now,
nothing else is really needed for me - just observe where other traders come in around the attractors with new orders. Or leave via TP or S/L.
I may miss up to 5 pips in the waiting but in the end all is pretty good.

So any new traders reading this thread, please understand fully that any Volume Data you get on mt4 via your retail broker is NOT volume, just activity.

Thought I best clear that up for our newer traders who may be misunderstanding certain words such as "volume".
All the best with it Rick.
  • #28
  • Mar 15, 2025 9:05pm Mar 15, 2025 9:05pm
Quoting RickM
My best trading setup I have been trading for 8 years is called the Liquidity Lick, but who else trades it?. Bella from SMB Capital who has written a couple of books on trading teaches one of his favourite setups to every new student at his prop firm - his version is called the Rubberband Scalp which can be seen via Webinar called ScalpingClass. The idea became popular here when GeorgeAUS started up his thread "Price action at the core / tea intra day" back in 2019. His version was looking for very extreme spikes on M1 and fading them back to thicker...
Hi Rick, I'm just curious. As traders we all have our trusted method that we rely on, our go to method.

Zoltan, George, you trade reversing spikes (in Zoltan's words fade the extreme value) on the m1 chart (VWAP or TMA). Three traders with different methods.

Your final goto method is volume data.

If it's ok to reveal this in public, what's George goto method when he disagreed with you back then?
My guess - price action.

And what's Zoltan's go to method which he declared he has not opted for volume data?

Ignore both my questions if you decide it's not right to reveal it.

Thanks

Cheers
Know what you trade
  • #29
  • Mar 15, 2025 11:43pm Mar 15, 2025 11:43pm
Quoting Islandfx911
Hi Everyone, I am starting this thread to build a database of genuine trading ideas that work on a regular basis. Why you may ask. My wife has started showing an interest in the markets after we invested some funds into gold and it has gone up nearly 14% in two months. As she is new to trading, this thread will help her find her feet, hopefully Everyone is welcome to post as long as the idea put forward will assist in the growth of a trader. I encourage you to post anything for discussion that you feel it will add value. Trading is such a...
This is a great idea for building a supportive community of traders. It's wonderful that you're creating a space where both beginners and experienced traders can share ideas and learn from each other. I’m sure your wife will benefit from the discussions here, and it’s fantastic that you're encouraging everyone to contribute. I look forward to seeing the ideas and charts you share! Keep it up!
  • #30
  • Mar 16, 2025 12:11am Mar 16, 2025 12:11am
Quoting Islandfx911
Question for Everyone. Em has posted, steady growing equity line based on trading the DBHLC. Has anyone coded an EA or an Indicator to identify the candle pattern for further research?
Hello

Thanks EM. Nice and easy thing there.

Look at my picture in post #8. It is a DBHLC that makes the signal. I did not know this signal.

I have projects to up over my neck right now. But I can put this one in the queue for making a robot or indi soon. If anybody else already know about such a thing existing, let us know.

MT4 of cause - you know me ;-)

I am sure Cog can easily make a TV indi.
MetaTrader 4 - so many advantages.
  • #31
  • Mar 16, 2025 12:56am Mar 16, 2025 12:56am
Quoting RiskFighter
{quote} Hello Thanks EM. Nice and easy thing there. Look at my picture in post #8. It is a DBHLC that makes the signal. I did not know this signal. I have projects to up over my neck right now. But I can put this one in the queue for making a robot or indi soon. If anybody else already know about such a thing existing, let us know. MT4 of cause - you know me ;-) I am sure Cog can easily make a TV indi.
OK. Could not help it. Took me 5 minutes to make that indi. It works together with a couple of other nice alarms.

I need to test it on monday, then I will release it.
MetaTrader 4 - so many advantages.
  • #32
  • Mar 16, 2025 1:55am Mar 16, 2025 1:55am
Quoting BWilliam
{quote} Hi Rick, I'm just curious. As traders we all have our trusted method that we rely on, our go to method. Zoltan, George, you trade reversing spikes (in Zoltan's words fade the extreme value) on the m1 chart (VWAP or TMA). Three traders with different methods. Your final goto method is volume data. If it's ok to reveal this in public, what's George goto method when he disagreed with you back then? My guess - price action. And what's Zoltan's go to method which he declared he has not opted for volume data? Ignore both my questions if you decide...
Hi BW

George was the sort of trader who wanted to talk verbally to you rather than to waste time on a keyboard.
I don't want to talk about that discussion but rather tell you about a trading session I had with him one day. He was trading of course GBPJPY and he spend 40 minutes trading a time range on M1 just after London open. He was fading a supply & Demand zone by selling near the highest open of a bullish candle and buying at the lowest open of a bearish candle and racked up over 100 pips in about 35 minutes (a bit like TooSlow's strategy really). Now I have traded with some big name traders in my time but I have never seen a trader destroy a chart with ease just like George did on that evening. That's a act of a talented trader.

The chart below was a very basic outline on how he traded that night. I called it "Pullback King" but lets just rename it the George scalp.

Zoltan is a good friend of mine and probably the most consistent trader I have ever met, best for any trader wanting to know his strategy works is to contact him directly. The most honest trader on Forex Factory.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: george scalp.png Size: 40 KB
Trading thin liquidity at the boundary of the charts
  • #33
  • Mar 16, 2025 2:39am Mar 16, 2025 2:39am
Quoting Islandfx911
Question for Everyone. Em has posted, steady growing equity line based on trading the DBHLC. Has anyone coded an EA or an Indicator to identify the candle pattern for further research?
More important for me is that price made reversal and moving to opposite direction.
Was reversal made by DBHLC, doji, engulf, outside, dark cloud cover, hiakke or 3-candle reversal not that important.
Most important - price moved into horizontal level, horizontal level holds and price reverses and moving opposite direction and I take a trade.

Why to limit only to DBHLC ? I would say outside candle ( + horizontal level ) is more powerful reversal signal than DBHLC.
I might be wrong , I have been wrong before
  • #34
  • Mar 16, 2025 2:52am Mar 16, 2025 2:52am
Just a quick note to all posting here.
I would like to keep this thread strictly a knowledge base thread that new and experienced traders can share what works for them.
If a EA or indicator is developed, I would like it if the developer could start a separate thread for the EA or Indicator so that it does not distract away from the aim of this thread.
Regards
Rob.
Your trade order needs to be in the right place at the right time.
  • #35
  • Mar 16, 2025 3:03am Mar 16, 2025 3:03am
Quoting medici
While trading ideas are good to have, my experience in trying to mentor or support people in learning to trade has led to realise the truth of the following words by trading psychologist Brett Steenbarger: "The longstanding truism in the research on greatness is that it takes at least a decade of dedicated effort to reach expert levels of performance in any field. That decade is typically guided by the mentorship of others who are accomplished, particularly as the developmental process proceeds from the achievement of competence to true expertise....
Hi Medici,
This thread is not about mentoring or supporting anyone. I would like to think it is a thread that traders have offered what they have found beneficial in their trading.
I would not expect them to start teaching or explaining in fine detail how it has worked for them. Just this is what they have found beneficial and here is a chart and some notes, if you want to explore it, go for it.
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #36
  • Mar 16, 2025 3:04am Mar 16, 2025 3:04am
Quoting medici
While trading ideas are good to have, my experience in trying to mentor or support people in learning to trade has led to realise the truth of the following words by trading psychologist Brett Steenbarger: "The longstanding truism in the research on greatness is that it takes at least a decade of dedicated effort to reach expert levels of performance in any field. That decade is typically guided by the mentorship of others who are accomplished, particularly as the developmental process proceeds from the achievement of competence to true expertise....
You are right it takes time, it toke :

- 10 years for Marty Schwarts
- 8 years for Tom Dante
- 6 years for Jesse Livermore
- 6 years for Mark Minervini
- 5 years for Paul Tudor Jones

Shorter time period is possible with right knowledge, by learning quickly and looking inside for solution. Most of us know what is right and what is wrong and also most of us know TOP 5 mistakes trades make but still most of us have repeat them till tears come out, till we get so discussed with ourselves and finally enough is enough we don't repeat then anymore.
I might be wrong , I have been wrong before
  • #37
  • Mar 16, 2025 3:08am Mar 16, 2025 3:08am
Quoting Islandfx911
{quote} Hi Medici, This thread is not about mentoring or supporting anyone. I would like to think it is a thread that traders have offered what they have found beneficial in their trading. I would not expect them to start teaching or explaining in fine detail how it has worked for them. Just this is what they have found beneficial and here is a chart and some notes, if you want to explore it, go for it. Regards Rob
You already have good system with very good R:R
No Indicator Trading System | Forex Factory (https://www.forexfactory.com/thread/1254177-no-indicator-trading-system?)

Why do need keep continue searching and searching ?
I might be wrong , I have been wrong before
  • #38
  • Mar 16, 2025 3:10am Mar 16, 2025 3:10am
Quoting Mandariin
{quote} More important for me is that price made reversal and moving to opposite direction. Was reversal made by DBHLC, doji, engulf, outside, dark cloud cover, hiakke or 3-candle reversal not that important. Most important - price moved into horizontal level, horizontal level holds and price reverses and moving opposite direction and I take a trade. Why to limit only to DBHLC ? I would say outside candle ( + horizontal level ) is more powerful reversal signal than DBHLC.
I hear what you are saying and I agree there are a vast amount of candlestick patterns for reversals.
This thread is open for all discussions. If you want to post some examples it would be beneficial for others.

Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #39
  • Mar 16, 2025 3:14am Mar 16, 2025 3:14am
Quoting Mandariin
{quote} You already have good system with very good R:R No Indicator Trading System | Forex Factory (https://www.forexfactory.com/thread/1254177-no-indicator-trading-system?) Why do need keep continue searching and searching ?
This seems a bit harsh. I am certainly not searching for anything. I hope I have read this the wrong way. This thread has nothing to do with my trading, it is, as always my attempt to help others. I trade my system everyday and it is highly successful.
Your trade order needs to be in the right place at the right time.
  • #40
  • Mar 16, 2025 3:18am Mar 16, 2025 3:18am
Quoting Islandfx911
Hi Everyone, I am starting this thread to build a database of genuine trading ideas that work on a regular basis. Why you may ask. My wife has started showing an interest in the markets after we invested some funds into gold and it has gone up nearly 14% in two months. As she is new to trading, this thread will help her find her feet, hopefully
The trading ideas that worked for me included:
1- learning all I could about price action, technical analysis, inflation/interest rate fundamentals, volume, tape reading, supply/demand and trendlines/parallel channels and taking the things from those areas that my brain could "see" and putting them together into my own trading system.
2- Then, when that's done, trade the system and remove what doesn't help and find the one or two things that are missing. Rinse, repeat until it is profitable 80% of the time on EVERY timeframe in EVERY type of economy. Set a time limit of 6 months up to two years on the learning side. Then stop jumping from thing to thing and stick to what you developed for your brain. I've not talked to a successful trader or seen an interview with one yet where a person trades the exact same thing the exact same way as someone else...so develop your own thing.
3- And, when the trading system is complete, you will have found out what your human shortcomings are that you repeat over and over while trading. At this point, write them down, write an ea/algo (in my case, an entry risk manager and trade manager) and have it programmed.
4- While that's being coded, take time to learn about your fight/flight/freeze automatic survival based brain that throws up emotional interruptions while you trade and how to reset and guide the mental/emotional game of trading. What I found that helps me move from an emotional state of mind back to a logical state is proper breathing and making sure I'm not holding my breath (this happens to a lot of people), writing down the things my brain says while I'm trading (this clears the thought from the brain), talking out loud (this helps the survival mode brain know you're not in danger of dying and that trading is NOT a physical threat), and walking away to work off the chemicals (treadmill, weights) when I'm overly happy or overly upset about a trade so I can return in a neutral mindset, observe the charts properly and actually "see" the set ups again and enter correct trade setups. Trade from a probability of trade success point of view and focus on your trade process and overall performance. Trading has zero to do with who you are as a person or your self worth (your wife will already understand this).

And, don't be upset when you find out your wife is a better trader than you because many of us males are ego driven risk takers while many women are protecting nurturers.
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