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Higher Edge within a Single Candlestick

  • #941
  • Oct 3, 2017 12:41pm Oct 3, 2017 12:41pm
Quoting dukas_trader
{quote} yes. when you split the order or use iceberg order types easy. if you want all at same time and by market order, you would have to pay an extrem spread. better then using limit order at least. but having so much in the market , you need very high equity, because going out the market when there is a big news or special unscheduled news, then you get extrem slippage with this big amount. i did never try at this values, more then 100 mio i would never trade in eurusd (and all strategies in this currencie together in same direction) and in many...

Ok, from this page:

Quote
In the forex market, $5.3 trillion is traded daily, making it the largest and most liquid market in the world.

If it's true, in this case banks must trade tens of billions of dollars every day. Why $2 billion would be a problem to get in and out with?
  • #942
  • Oct 3, 2017 12:47pm Oct 3, 2017 12:47pm
Quoting Botan626
{quote} Are you looking for a trading system?
ASAP buy, is it your system?
  • #943
  • Oct 3, 2017 12:47pm Oct 3, 2017 12:47pm
Quoting Botan626
{quote} Ok, form this page: {quote} If it's true, in this case banks must trade tens of billions of dollars every day. Why $2 billion would be a problem to get in and out with?
going in is not the problem, if you want pay high spread. you can only buy what someother want to sell for a special price.
so only the costs to come in are high, not the point you dont come in.

this money amount you mention is traded over all day over all currencies, when broken down to one currency at one special moment when you want to buy something, its not this amount possible to open trades. thats a big difference!
  • #944
  • Oct 3, 2017 12:49pm Oct 3, 2017 12:49pm
Quoting Botan626
{quote} Ok, form this page: {quote} If it's true, in this case banks must trade tens of billions of dollars every day. Why $2 billion would be a problem to get in and out with?
going in is not the problem, if you want pay high spread. you can only buy when someone want to sell for a special price.
so only the costs to come in are high, not the point you dont come in.

this money amount you mention is traded over all day over all currencies, when broken down to one currency at one special moment when you want to buy something, its not this amount possible to open trades. thats a big difference!
  • #945
  • Oct 3, 2017 12:53pm Oct 3, 2017 12:53pm
Quoting dukas_trader
{quote} its not this amount possible to open trades
That's obvious.

Well, thanks for your replies, but I will conclude at this point.
  • #946
  • Oct 3, 2017 12:56pm Oct 3, 2017 12:56pm
Quoting BlackNapkins
{quote} ASAP buy, is it your system?
I won't tell you my trading system.
  • #947
  • Oct 3, 2017 1:17pm Oct 3, 2017 1:17pm
Quoting Botan626
{quote} I won't tell you my trading system.
relax Botan... i have my own....
  • #948
  • Oct 3, 2017 1:19pm Oct 3, 2017 1:19pm
Quoting nealpek
could everyone please share their trading systems with me so I could try them out?
Try Bollinger Bands and stochastic. Combination of them can help you
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -58.0%
  • #949
  • Oct 3, 2017 1:19pm Oct 3, 2017 1:19pm
Quoting BlackNapkins
{quote} relax Botan... i have my own....

Why do you think I'm not relaxed? Speak for yourself.
  • #950
  • Oct 3, 2017 1:21pm Oct 3, 2017 1:21pm
Quoting BlackNapkins
{quote} for sure? {image}
Buy stop at the last candles high, stop loss at open.
Sell stop at the low, stop loss at the close.
Go on please
The truth is hidden from you
  • #951
  • Oct 3, 2017 1:34pm Oct 3, 2017 1:34pm
I once tried to use market delta "to see inside the bar". After 10 minutes, I had to be rushed to the hospital for a brain hemorrhage. I then tried market profile and was again hospitalized for multiple brain contusions, and after watching level 2 data for 15 minutes, my autonomic nervous system shut down for 4 days. My hat is off to those that have the skill and brain power to muster through such complicated groupings of numbers and letters. There must be an easier way.....
By the way, U/J is on the move....
  • #952
  • Oct 3, 2017 1:37pm Oct 3, 2017 1:37pm
Quoting nealpek
You guys are so mean. Why won't you share your systems with me? I think bollinger bands and stochastics are excellent tools. Can you show me how to use them?
Stochastic

Pick a long enough period for the overbought/oversold to last longer. Say 6 hours.
Pick a low enough timeframe. Say 5m.
6*60=360 minutes
Adjust for m5
360/5=72

Was I influenced by crucialpoints multiple tfs from one chart for calculations ? Yes

Wait for price to either reach overbought/oversold, below 30 or above 70. What does it mean ? The price is at the extremum of its rolling period. If it already went to an extremum, than its either very bearish or very bullish. Get in to the trend with a breakout from the swing high/low. Trail stops untill the condition is not os/ob anymore. The trick ? The settings. K% 72, D% 1, Slowing 1.

Is the example cherry picked ? Yes.

As for bollinger... I dont understand the logic behind its standard deviation calculations...so I dont use it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20171003-213623.jpg Size: 404 KB
The truth is hidden from you
  • #953
  • Oct 3, 2017 1:44pm Oct 3, 2017 1:44pm
Quoting nealpek
Thanks Max, everything looks much clearer now..... {image}
Um....sarcasm or ? :/
Im not trying to be a smart ass, just sharing the only way I found to use stochastic with logic.
The truth is hidden from you
  • #954
  • Oct 3, 2017 1:45pm Oct 3, 2017 1:45pm
Quoting MaxenshteinD
{quote} Buy stop at the last candles high, stop loss at open. Sell stop at the low, stop loss at the close. Go on please
This is what I expectetd to hear from Botan, not ASAP buy as was mentioned. Buy bar High breakout...
  • #955
  • Oct 3, 2017 1:45pm Oct 3, 2017 1:45pm
No sarcasm, just appreciation for helping out a fellow trader!! You have a kind heart.
  • #956
  • Oct 3, 2017 1:45pm Oct 3, 2017 1:45pm
Quoting nealpek
Thanks Max, everything looks much clearer now.....
You can do the same with every repainting indicator, e.g. ZigZag, Semaphor, etc.
  • #957
  • Oct 3, 2017 1:46pm Oct 3, 2017 1:46pm
When the whole Universe is in synchronization with your charts you BUY, same goes for sell...
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 639 KB
The biggest risk is not taking a risk.
  • #958
  • Oct 3, 2017 1:47pm Oct 3, 2017 1:47pm
Quoting BlackNapkins
{quote} This is what I expectetd to hear from Botan, not ASAP buy as was mentioned. Buy bar High breakout...
My strategy is go FUBAR which translates to - Fokd Up Beyond All Reasoning.
I even manage to transfer money between my demo and my live.
Go long on demo 0.01 lots, go short on live 0.01 lots. Same pair
The truth is hidden from you
  • #959
  • Oct 3, 2017 1:49pm Oct 3, 2017 1:49pm
Quoting leppozdrav
When the whole Universe is in synchronization with your charts you BUY, same goes for sell... {image}

anyone got a synchronization indicator to measure what the herd is up to? lol
  • #960
  • Oct 3, 2017 1:50pm Oct 3, 2017 1:50pm
leppo, that's some serious wall art you got there. Don't forget that price is somewhere in there. level 2 seems easier, lol
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