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Trading Myths and Some Forex Math

  • #261
  • Sep 27, 2018 10:21am Sep 27, 2018 10:21am
Quoting pipsy7
I would be more than happy if you could shed some light on why you think that the markets are not predictable, on the law of big (small) numbers or on the fallacy of RR and how the trade-off between winning % and RR can be broken. Amen!
-------7 _________________just ask d fukkin rotschilds for their True bank_orderFlow[d rest ist just CRAPPP] , either curr'y or metals [/quote]

Do you have their phone number?! Then I will ask them ...
  • #262
  • Sep 27, 2018 10:29am Sep 27, 2018 10:29am
Quoting AntiCre
{quote} -------7 _________________just ask d fukkin rotschilds for their True bank_orderFlow[d rest ist just CRAPPP] , either curr'y or metals
Do you have their phone number?! Then I will ask them ...[/quote]
-------7

__________________________-here CHEW on this

http://www.theeventchronicle.com/fin...-central-bank/
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da n0o0b + $hit_Disturber
  • #263
  • Sep 27, 2018 11:17am Sep 27, 2018 11:17am
Quoting CrucialPoint
{quote} {quote} Fuck you... You take that back... I don't want you to think of me as a "great FF entertainer". I want YOU to think of me as: "The GOAT FF Bullshitter" (GOAT: greatest of all time) Don't call me "Guru" Call me: "GOD"
Oh My Goat!
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Dude, you know perfectly well how to ENTERTAIN ME!

Because I always find your posts very ENTERTAINING, I will let you know when is the next time I will demand for your entertaining services. I hope when I command you to jump, you will deliver some funny jumps. Just to satisfy me.Because, if you happen not to satisfy me, in fully, this will come next:
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Just a friendly warning. Stay tuned. I will ping you.
Maadik Hugiis. IQ 69.
  • #264
  • Sep 28, 2018 7:38am Sep 28, 2018 7:38am
Opposite of law law of large numbers is moving away from mean rite CP?


Quoting CrucialPoint
I'm Flabbergasted!!! {quote} I'm flabbergasted!!! nah I'm just kidding See, why can't people be more like you, you expressed your opinion and I respect that. These Trolls attack me personally and when I retaliate (because they personally attacked me first), they cry foul and say that I'm abusive. =========== Anyways... There is good and bad, black and white, negative and positive, male and female, night and day.... The universe seems to have opposite extremes. And in between are the varying degree of shades. On one end you have a...
  • #265
  • Sep 28, 2018 10:11am Sep 28, 2018 10:11am
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AC, on Gold they are loading this zone, right now, with sell limit orders. That is how timing usually works - limit orders mostly.

The moment they will move it down, for one last time? I do not know it. It is full of mystery. At least doing what they do, helps a little, but not much...

Usually, in a trending month with the annual trend, they do only one thrust, that lasts a week or two. Before that trend thrust starts, there is a very important direction defying two weeks range, on average, wide about 20 bucks or so. The whole timing "crime" happens inside there...
Maadik Hugiis. IQ 69.
  • #266
  • Sep 28, 2018 2:25pm Sep 28, 2018 2:25pm
Quoting CrucialPoint
Keep Your Eyes Healthy {quote} {image} I've been sitting in front of the trading screen for 18 years now. And I have been using the computer since 1996. At 38, I have perfect 20/20 vision and can still see/read fonts further than 20ft. This is no accident and it takes work. You need to exercise your eyes. This only applies if you had/have healthy perfect eye sight since you're a child. If you have deformity and certain eye conditions, this doesn't apply to you. No amount of exercise is going to fix your eyes. 1. SCREENS Minimum Full...
the dark background is so true. hence i apply to my screens..
  • #267
  • Sep 29, 2018 7:21am Sep 29, 2018 7:21am
Quoting AntiCre
Added TOC to the 1st post
Okay, that’s really great! Let me check, thanks for quick reply.
  • #268
  • Sep 29, 2018 9:15am Sep 29, 2018 9:15am
Quoting MoneyZilla
{quote} Oh My Goat! {image} Dude, you know perfectly well how to ENTERTAIN ME! Because I always find your posts very ENTERTAINING, I will let you know when is the next time I will demand for your entertaining services. I hope when I command you to jump, you will deliver some funny jumps. Just to satisfy me.Because, if you happen not to satisfy me, in fully, this will come next: {image} Just a friendly warning. Stay tuned. I will ping you.
Scary picture. I think it's a picture of the trading who lost all the money and was broken by the market
  • #269
  • Edited 2:59pm Sep 30, 2018 7:33am | Edited 2:59pm
Slippage is deliberately caused by the broker in order to make you lose lol....
This is not investment/trading advise. Will not hold accountable for loss
  • #270
  • Edited 8:22am Sep 30, 2018 7:59am | Edited 8:22am
Myth
stop order has price filled guarantee...

Fact
stop order means you accept the worst price.
For instance you place Buy Stop Order @100
In the market, everyone is fighting for any particular price.
If you are lucky maybe the liquidity provider is willing to ask for 100.
When you don’t get your price because you are not quick enough or there’s no seller who wanted to sell @100, you will get the worst price such as 100.50 or 101 or higher (whateverthe seller’s asking price)

Same with Sell Stop Order @100
Probably there won’t be any one on the other side/liquidity provider wanted to buy your order @100.
Since it is a sell stop order, you will get a cheaper price which is the worst price available <100.

The difference between the fill price and your bid price is called negative slippage because the fill price go against you.
Slippage is caused because the liquidty provider doesn’t wanted to sell you at that price or no body is willing to buy/sell your order.

In order to combat that you have to use a limit order.

For instance buy limit order @100
If you are lucky you could get the price you are asking.
Otherwise you will get the best price which is below 100...
That is what buyers want, buy as cheap as possible.
For seller, sell as expensive as possible.
Limit order will give you that chance.

This is called a positive slippage because the fill price goes in your favour.
This is not investment/trading advise. Will not hold accountable for loss
  • #271
  • Sep 30, 2018 8:52am Sep 30, 2018 8:52am
Quoting yousername
Limit order will give you that chance. This is called a positive slippage because the fill price goes in your favour.
in most FX brokers (except Lmax); limit order is no different than market order. Actually it is worse in terms of slippage.

this is because you are trading with liquidity providers. your limit order will not execute until the market moves against you by few pippettes; effectively creating slippage for your order. yes you get trade price at your limit price but the market has moved agaimst you already.

you can try it. submit a limit order and watch the action; record the bid/ask when your order get filled.
  • #272
  • Sep 30, 2018 8:58am Sep 30, 2018 8:58am
Quoting alphadude
{quote} in most FX brokers (except Lmax); limit order is no different than market order. Actually it is worse in terms of slippage. this is because you are trading with liquidity providers. your limit order will not execute until the market moves against you by few pippettes; effectively creating slippage for your order. yes you get trade price at your limit price but the market has moved agaimst you already. you can try it. submit a limit order and watch the action; record the bid/ask when your order get filled.
Im trading @Pepperstone and I get the right at my request price or better when using limit order. Have not get the worst price, hopefully never....
I use cTrader.

FYI in ctrader there’s a Stop-Limit order type. Which is 0 slippage type of order but the problem is, there’s possibility the market won’t fill your order because maybe it’s too narrow.
This is not investment/trading advise. Will not hold accountable for loss
  • #273
  • Sep 30, 2018 9:07am Sep 30, 2018 9:07am
Quoting yousername
Slippage is deliberately caused the broker in order to make you lose lol....
That would be against regulations and the broker would out of business. Unless you have tangible evidence of this it is a pile of assumptions and nothing more.
  • #274
  • Sep 30, 2018 9:09am Sep 30, 2018 9:09am
Quoting EcoTrader
{quote} That would be against regulations and the broker would out of business. Unless you have tangible evidence of this it is a pile of assumptions and nothing more.
I agree with you...

My post was about a myth that some trader believes it true
Fyi im not accusing a broker does that
This is not investment/trading advise. Will not hold accountable for loss
  • #275
  • Sep 30, 2018 9:52am Sep 30, 2018 9:52am
Quoting yousername
{quote} Im trading @Pepperstone and I get the right at my request price or better when using limit order. Have not get the worst price, hopefully never.... I use cTrader. FYI in ctrader there’s a Stop-Limit order type. Which is 0 slippage type of order but the problem is, there’s possibility the market won’t fill your order because maybe it’s too narrow.
you havent understood my post. read it carefully especially last sentence
  • #276
  • Edited 3:04pm Sep 30, 2018 2:52pm | Edited 3:04pm
Quoting alphadude
{quote} in most FX brokers (except Lmax); limit order is no different than market order. Actually it is worse in terms of slippage. this is because you are trading with liquidity providers. your limit order will not execute until the market moves against you by few pippettes; effectively creating slippage for your order. yes you get trade price at your limit price but the market has moved agaimst you already. you can try it. submit a limit order and watch the action; record the bid/ask when your order get filled.
you need to change your brokers. there are some bad brokers who want make extra money with fake limit orders ( you need to read the brokers trade regulation describtions always first before you open accounts!) , but why you would trade with such brokers?
always learn first that basics, whats a good broker and bad broker, dont start trading until you know the basics!

and you are very wrong, there are many brokers who has limitorder as "this price or better" filling! lmax (good for beginning trading) is only one of this many brokers.and with a normal broker you get in most time a positive slippage with most limitoders... when you have many millions per trade maybe not so often than when you play small amounts. so lmax is nothing special.... in point to limit orders.

you are maybe new in trading and only use metatrader or other extrem bascis trading stations? this would be logic, when i see your mistake. when you dont know whats metatrader and how its created and how it fills, you can think in your way as big mistake. because metatrader only fills without partially filling, so the market price is always for the smallest mini 1000 amount. when you trade more, you dont know if you get filled for this price, because you only see this market price for this extrem small value, sometimes its for more trading amount possible in the market to this price listed, sometimes not, you dont see the market deep..... so you think that the limit is not filled immideatly because market price did hit limitorder? it has hit for this limit order and mini amount, but maybe not for your amount, and because metatrader only fills all or nothing it has to wait until the price is there for your trading amount, what you cant see with the metatrader platform in your trading station.
thats also the reason why some beginners split orders and think they get much more win with this, because they only know metatrader, experienced traders simply use better platforms and partially fills and no splitting ever neccessary.... same beginner mistake.... and so one,... only just for the case that you are a metatrader trader and have thatswhy written your big mistake!
  • #277
  • Sep 30, 2018 3:10pm Sep 30, 2018 3:10pm
Quoting dukas_trader
{quote} you need to change your brokers. there are some bad brokers who want make extra money with fake limit orders ( you need to read the brokers trade regulation describtions always first before you open accounts!) , but why you would trade with such brokers? always learn first that basics, whats a good broker and bad broker, dont start trading until you know the basics! and you are very wrong, there are many brokers who has limitorder as "this price or better" filling! lmax (good for beginning trading) is only one of this many brokers.and with...
dukas; i know what am talking about. Forex is not the same as stocks in order matching.

i suggest you read how exchanges matches orders and how FX differ from stocks
  • #278
  • Edited 3:30pm Sep 30, 2018 3:12pm | Edited 3:30pm
Quoting alphadude
{quote} dukas; i know what am talking about. Forex is not the same as stocks in order matching. i suggest you read how exchanges matches orders and how FX differ from stocks
you are 100% wrong, sorry to say this.

i dont know why you make this mistake ( you are really only using metatrader, then its 100% clear why you are wrong),... or why you dont know good brokers....

but you are wrong.

i trade forex since many years..... of course i know some brokers with this bad habbit to make extra money, but you really dont know brokers who dont without this lmax? really? and you really dont know why this happens?

maybe you speak about stop order and you have written limit order by mistake? even then you would be not total correct, but at least not total wrong like in the moment with limit orders.

what trading stations you use for this bad brokers and whats your bad broker?

always learn the basics of trading at start, it will help improve your trading extrem. and behaving of trading platform and brokers is one of the most basics you should know.
  • #279
  • Sep 30, 2018 3:40pm Sep 30, 2018 3:40pm
Quoting dukas_trader
{quote} you are 100% wrong, sorry to say this. i dont know why you make this mistake ( you are really only using metatrader, then its 100% clear why you are wrong),... or why you dont know good brokers.... but you are wrong. i trade forex since many years..... of course i know some brokers with this bad habbit to make extra money, but you really dont know brokers who dont without this lmax? really? and you really dont know why this happens? maybe you speak about stop order and you have written limit order by mistake? even then you would be not total...
no wonder why you were ridiculed by CP
  • #280
  • Edited 4:55pm Sep 30, 2018 4:26pm | Edited 4:55pm
Quoting alphadude
{quote} no wonder why you were ridiculed by CP
because i correct your mistake, you dont have any arguments, you dont want learn the basics.....?? it would be more easy when you simple say "thanks for help me with this big mistake" and not writing more and more inside this mistake, when you already checked your mistake. when you dont check it, ask what its your problem and you will be helped! thatswhy forum exists! we speak about total basics and you are really 100% wrong, that not subjective in this kind of mistake! i really feel sometimes , some people dont deserve beeing helped.

sorry i cant take you serious when you want hide your mistake and misleading other by this!
learn basics or learn from your mistakes. when you dont do both,... this is not nice to other people!

and because you dont know what you speak about, with CP its different story and clear already in last posts.
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