5 years and still no strategy

Try this one here

https://www.forexfactory.com/showthr...12#post9094112

And overlay the higher timeframe of your choice with the attachment MTF

good luck

Get rid of the need for 50% accuracy. Eliminate looking for 3-5 trades per day. Do not limit yourself to win ratios. If you do know how to read PA trade it, and take what the market gives you. Get your leverage under control, be patient.

I really don't have a problem with "a system". "A system" doesn't necessarily mean a set of fancy indicators here and there. It could also mean there are rules in place that you have to follow "systematically" and that makes "a system". More of the approach. You trade systematically based on the strategy or set of indicators or the current condition of the market. When market is ranging it's either you do nothing because you use a trend trading system/strategy or use a system/strategy that's suited for range trading.

The mindset, discipline and patience are the main problem. Like what you said people force the market into their systems/strategies. Now the question is why?
Yes you got it right. No discipline, no patience, wrong mindset. A trader with the right mindset knows that anything can happen. A high probability setup can both work and fail. A good system/strategy will work and fail because anything can happen in the market. If a trader has discipline he will not force the market into his system/strategy. Instead he waits for the right moment because he is patient. People who have the wrong mindset. no discipline, no patient can make a system/strategy that works well for others seem not to work. The problem is not the system/strategy but the trader itself. Then what do they do? Yes, they blame the system instead of themselves. They blame the system/strategy when in fact it's working well for others.

Bottom line. The problem is on us. There are a few trading systems/strategies here that I've seen that work well. I'm settling for the two I've found because they work well for me and fit my personality.

The market makes sense. Think about what you are doing before you just throw together something. When is market likely to break out? When will it go sideways? Why are certain levels so solid? What moving averages are respected? When is market likely to reverse? Dont overtrade. 3-5 per day seems quite excessive. All you need is one good one a day and risk 2% a trade and make 4% to make 20% a week which is outlandish. You will turn $1000 into 9.1 million in a year. Think about your goals - you need a dose of reality. Good Luck.

1. Feb 14, 2016[quote=The-Flipper;9766147]FF, lol, here we go again. Trading = competing against the world's best traders, cheaters and insiders. So, what makes you and your trading method so special to generate consistent money? The real failure rate of noobs is 99.99% because they don't have what it takes to make it: no excellent trading method and skill.[/quote]

Hello The Flipper

Unable to PM you being a new member
Please upload the Interpair strength indicator again as the old link is not working .


http://s000.tinyupload.com/?file_id=...36657810096336


Thanks in advance .

Why do people keep on believing that retail forex profits are possible ?
Should they not know better by now ?
I wonder what's in the mind of someone who believes in such strange ideas without a single piece of "workable evidence".

LOL !

I think you are on the right track but still over complicating things... in complexity, find simplicity! Number one, look at the wicks, THE WICKS DO NOT LIE, there's always a story within... also draw your zones as it will guide you. Every morning I wake up 2 hours before NY, top down analysis from highest time frame to lowest looking for filling wicks, breakouts, reversals at zones. i aim for 10 pips (standard) with 1:1 risk reward, usually 5% of my account.. I smash the trade, then go enjoy my day because I DO NOT need to sit behind the charts all day... then sometimes when I am bored I come back for Asian session and catch the Asian breakout which happens everyday like clock work, take another 10 pips and go to dinner. You do not need to do 10 trades a day to be profitable, I do 5-10 a week of 10 pips and make 100% of my equity a month... don't listen to this noise out here, trading is for freedom not to sit behind a computer all day! I'm about to hit tp soon and probably going to go back to sleep this morning, 5% a day keeps the bukkshir away ahahahahah anyways if u want me to post some of my trades I will do so to provide some intel for y'all, easy and simple, like a sniper, patience, one shot kill.

I thought you had figured out what to do Ming.

This is nothing surprising, as there are plenty of people like you; it is obvious that most people try short cuts and all those sort of ways, so there is obviously little chance that we will be able to make profits with such thinking. If we aim for long term and try to gain profits steadily then only we will be able to create good strategy. So wrong mindset is what disallows us to have right strategy and even if we somehow build up right method, it is impatient approach that kills it.

It’s your trading personality, I am not going to comment on it! If you are profitable end of the month, that means you are on the right way! You mentioned here 50% trading accuracy with double profit ratio, sounds good! Hope, you’ll get more accuracy based on your live trading experience! But you can make a check list for avoiding live trading errors!

BTW, i made the observation every time i start a fresh account it often has 70% accuracy but as longer older the account gets the profitability shrinks somehow.

ok, today I've analyzed my lossy trades and realized what's not working in my system - it's risk to reward ratio for the past 1.5 years I've used R:R = 1:2 and most of my trades would close with profit at 1:1 - then the price very often reversed and hit my SL... I will change it because I know that my pullback strategy is good and I can earn money even with countertrend positions the biggest disadvantage of 1:2 ratio is that on pairs with a very small volatility like EURUSD my TP levels were very often bigger than daily average range and that's why I lost money

thanks to everyone who helped me

This is how you die (in trading)
Watch each video carefully as I point out a few things:

1. The Amateur's Personal Experience

95% of the information you will get from FF and anywhere else are these type of information. And the reality is, you will only last 10-30min swimming like this in open water (even in a swimming pool). And then you die!!!
In trading, you may last 1-3 months of profit and then you die!!!
Well, you can rest assure that it is not your fault... You don't know what you don't know. Wrong information presented by good Samaritans.
You can practice this for 30years and you will still drown and die.


2. Regurgitated Information by a Brainwashed so called Professional

4.5% of the information you will get from FF and anywhere else are these type of information. And the reality is, you will only last 2-4hrs swimming like this in open water (even in a swimming pool). And then you die!!!
In trading, you may last 1-4 years of profit and then you die!!!
It gives you a false sense of confidence. Well, you won't know it until the you die and lose all your account after 4 years of profitability.
You can practice this for 30years and you will still drown and die.


3. The Master and His Secret

0.5% of the information you will get from FF and anywhere else are these type of information. The only way to die is to get eaten by a shark and hypothermia.
In trading, the few Masters are not willing to share (another whole story). And those that are happy go lucky in sharing, maybe you can organize a camp-fire-get-together and start singing Gumbaya...
These types of information are the core and essence of trading. Number 1 is very chaotic and exerts too much energy. Number 2 is refined but still not very efficient. Number 3 is effortless. And if you have been indoctrinated by Number 1 and 2, it is hard to change the old habits and hard letting go of old indoctrinated beliefs.


=========================
Let me illustrate some secrets. You can argue all day with me that "there are no secrets". If you don't know it, then it can be classified as a secret. A secret is an information that you're simply not aware off. Whether the whole world knows it and you don't, then it is a secret of the world from you. Let's get back on track...

The problem with traders is:
They know too much, but they understand very little.

Traders know that the Japanese created the candlestick. Traders know that the Japanese used it to trade rice. The Japanese created it to find patterns to predict the future price. And as history have it, they profited immensely from it. Traders know that the Americans caught on and also used it and was successful at it. Trading cotton, orange juice, sugar and other commodities. Traders know about successful traders in history, trading the candlestick and its patterns and even developed more improvements with other tools to aid it. Everyone knows this... but do people understand it?

Let me bridge the gap of lack of understanding:
Rice and other commodities like cotton, sugar, cacao (chocolate), etc... are cyclic in nature. There is only a particular time in a year (season) to plant and harvest these commodities. So the probability of price to go up or down in a particular season is very high. Plus, there were limited traders back in those days and is very easy to get the trade right. The probability is high for price to go down during harvesting season due to the increase in supply. Candlestick wasn't designed to predict the future. Candlestick was designed to see turning points of buying and selling, to get the timing right for a better profitability during a particular season... Since when did you use more gas to heat your house during summer? You heat your house in winter. What's the probability of getting that wrong?

Now that I've enlightened and expanded your understanding (hopefully)... Tell me...
1. WTF are you doing with candlesticks/trading to predict the future price of a currency (Forex), which has nothing to do with a cyclical or seasonal pattern?
2. WTF are you doing using a trading approach designed for a single entity like commodities and shares. Where Forex is a duality of 2 entities (2 countries currency) where one country may/can affect the other, in any instances day/time of the year?
3. WTF are you doing trying to predict the future price when the tool you are using wasn't even design to predict?
4. Supply and Demand of rice is a single variable... How many variables of Supply and Demand does 2 countries have(Forex)? Supply and Demand of WTF!!!
5. If you haven't read this post or no one bothered to share these obvious secret with you, how long do you think you will continue to chase your own tail?


I better stop here before I get myself into trouble, so let me reiterate:
It was a lost cause since the beginning... because of knowing too much, but understanding very little.


Peace,
CrucialPoint

Yes, I have.
This whole thread makes me sad.

Now I understand that jaguar that looks like it's in water.

correct, but ithis one is cheetah

is it? Looks like a very iconic jag, cheetas are thinner in body shape normally.. I don't know..

How did you do this? still struggling to get my ea to do my express command lol

some time ago red all CP writing here on FF( several times in fact) and I know it is a cheetah... :-)