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Plan the Trade

  • #9,521
  • Nov 29, 2018 11:23am Nov 29, 2018 11:23am
Quoting hilmy83
{quote} look at it this way. we're all gamblers in a casino. thing is, exchange based traders are like the poker players. we play each other. Some win, but most bust. the odds are against you by the skilsl of the participants. casino get their small percentage by providing game avenues. but money exchange between players cfd/otc forex traders are like the slot machine/roulette players. you play against the casino. some get lucky, most bust. the odds are stastically built against you. some casinos even prevent payout sometimes
OTC is someting totally different its simulation from bullshit brokers like iq who transfered from binarys too doo the same with Forex making it impossible too win.....I truly belive that the CFD datafeed is exactly the same as you see on your futures charts only on different platforms for the most part and in forex too avoid manip goo in take 2-3 pips and get out and doo it over and over that way you dont get cought by the big guns....And i truly belive that with brokers like one australian i know that have 7 dollars commision roundturn really dont need too hustle anyone because they make good money on commision......But i am in wrong tread too talk abaut forex i know ,but just needed too say someting in defence of us less intelligent traders...
  • #9,522
  • Nov 29, 2018 11:26am Nov 29, 2018 11:26am
Quoting magnumfreak
Are we really going to start this argument AGAIN this week? CFD's, Forex, Options, Futures, Stocks they are all just different flavors of ice cream. Pick your favorite and get a triple scoop of fun.
old man, these guys are subconsciously trying to start shit by mentioning cfd. please look at previous posts. and they get low key offended by discussion too.

it's weird.

but shit..i'm done..

Quoting Macedamia
{quote} OTC is someting totally different its simulation from bullshit brokers like iq who transfered from binarys too doo the same with Forex making it impossible too win.....I truly belive that the CFD datafeed is exactly the same as you see on your futures charts only on different platforms for the most part and in forex too avoid manip goo in take 2-3 pips and get out and doo it over and over that way you dont get cought by the big guns....And i truly belive that with brokers like one australian i know that have 7 dollars commision roundturn...
i;'ve already proven cfd charts are garbage...

https://www.forexfactory.com/showthr...2#post11701112
  • #9,523
  • Nov 29, 2018 11:28am Nov 29, 2018 11:28am
Quoting hilmy83
{quote} old man, these guys are subconsciously trying to start shit by mentioning cfd. please look at previous posts. and they get low key offended by discussion too. it's weird. but shit..i'm done..
I hear ya. And by the way based on your results it says your 38 old man lol
  • #9,524
  • Nov 29, 2018 11:33am Nov 29, 2018 11:33am
Quoting Divergence
{quote} I hear ya. And by the way based on your results it says your 38 old man lol
i can turn back time by end of december
  • #9,525
  • Nov 29, 2018 11:42am Nov 29, 2018 11:42am
Quoting hilmy83
{quote} i can turn back time by end of december
Nice trick I can't lol
  • #9,526
  • Nov 29, 2018 1:15pm Nov 29, 2018 1:15pm
Quoting Macedamia
{quote} OTC is someting totally different its simulation from bullshit brokers like iq who transfered from binarys too doo the same with Forex making it impossible too win.....I truly belive that the CFD datafeed is exactly the same as you see on your futures charts only on different platforms for the most part and in forex too avoid manip goo in take 2-3 pips and get out and doo it over and over that way you dont get cought by the big guns....And i truly belive that with brokers like one australian i know that have 7 dollars commision roundturn...
Question really is about transparency and not all brokers are scam unless they are caught and legally found guilty. I traded for years with FXCM in the USA and when they were fined, what happened? they were booted out, sold their business to forex.com and moved offshore to accept non-US client only. If I were my old self today, I would have called you and everyone else an IDIOT but I have chosen to stay in my motherfucking lane (perhaps I should alter my signature) to avoid dealing with fuckheads. There is no more room to park in my mind so if you are profitable with a spot FX broker, good for you. I have reached at a point in this trading profession that I do not trust ANYONE who claims to be profitable with a spot FX broker with the exception of Global Prime Aussie broker who is able to share the trade ticket if requested and offering proof that the order from my terminal went straight to the LP.... Please ask why is there only one broker willing to do that in the entire FX trading world. Please ask why does a broker hide who their LPs are? Being in the USA, there are VERY few that offer CFDs for trading and they are ALL scam brokers just by judging how they operate. They are only good for small accounts. Pick anyone on the factory trading over $100K deposit and they are most likely an IB or a rep from the broker promoting their brand.
I went live on CME with day 1 in October ending in $620 on $2K and then 2nd day was in Nov and made over 160%. Futures is as transparent as it can get and HEAVILY regulated. Every transaction is publicly recorded. They monitor and log EVERY order reaching on the exchange. I know as I was caught doing a "wash trade" by mistake unknowingly via fat finger and I had to deal with the compliance regulators... on the SAME day right after market close, I got email and a phone call ! There are huge penalties to the trader and the broker if rules are broken. You want to be in an environment where every market participant is treated equally in a level-playing field.

It is a fact that CFD price feed was manipulated when I traded oil about 6-7yrs ago. Things might have changed now but Miliseconds before I would enter a trade, spread would widen! Price would simply STOP moving for 8-15 seconds after the trade was opened. All kinds of games to fool you into thinking this is a legit environment to earn income!

Good luck and Congratulations if you are making it in this industry.
Staying in my lane...
  • #9,527
  • Nov 29, 2018 1:20pm Nov 29, 2018 1:20pm
Way to preach it VEE
  • #9,528
  • Nov 29, 2018 1:30pm Nov 29, 2018 1:30pm
Quoting Divergence
Way to preach it VEE
and just to say it... only reason I am here is because you are showing via live trading video how it is done. Otherwise, I would not even bother participating or trying it out. Kudos for that. I don't care anymore if anyone is profitable in the long run as odds are always stacked against us in this zero sum game. If you made positive ticks and showing us HOW, that is simply good enough to give it a serious attempt or two. Personally, I don't think I can trade your style but worth giving it a serious attempt (and that is what everyone is doing here... trying to make it in futures!)

Others can learn to stop talking and start showing what they do in their LIVE accounts instead of posting screenshots or point urls to successful TEs and myFXbook. They are all untrustworthy source to demonstrate trading performance. Realtime via livestream or video recording is the only legit way to demonstrate a positive trade sequence as it happens. Very few have the mantle to do that and maintain focus. I know I can't !
Staying in my lane...
  • #9,529
  • Nov 29, 2018 1:34pm Nov 29, 2018 1:34pm
Quoting Divergence
{quote} Nice trick I can't lol
Persistance is futile
Attached Image
every Saint has a past. Every Sinner has a Future
  • #9,530
  • Nov 29, 2018 1:57pm Nov 29, 2018 1:57pm
Again, nice set-up presented itself within a few minutes of opening charts late in the session.

I changed to 30 secs and didn't like it. Reverted to 133 tick and that also seemed a little too 'nook and cranny', so tried 233 tick.
By that time i noted the HOD extreme was right where a nice prior pullback and thrust lay, thus would make an 'obvious' target by the market for a reaction/reversal.

I then messed up a bit. I still had my Limit orders set with initial SL@6. I wasn't greedy enough with the first short and it spiked to take me out at exactly -6 before i even had a chance to move it. If i had been greedier, it would have made a nice short entry. The next time i was greedy, which resulted in a 'Tap no Fill'. The next one filled and i chased down quickly for a +8, as i still had my original buy limit in place sitting on the HOD extreme, all of these small trades were 'nook & cranny' trades, which i feel sure that i wouldn't have taken if 'Live' - there lies the difference and i need to start practicing more discipline to do as i keep saying to everyone else - leave the N&C trades alone, i had already identified the trade that i wanted - so just wait for it;

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Ignoring the others - this was a lovely set up resulting in a nice, no sweat, +30 and again, barely 10 minutes of trading;

Attached Image (click to enlarge)
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GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #9,531
  • Nov 29, 2018 3:03pm Nov 29, 2018 3:03pm
For those who have the balls to play the last hour of NYSE session close @ 4pm ET. Here's a simple edge to exploit.... found this by simply eyeballing so try it out at your own risk and be mindful of the overnight maintenance margin requirements to have enough capital in our account.

Look at the 2pm-3pm ET hour candle. If close is in the top 20% or bottom 20% of the candle range (small wick!), go in the reverse direction. There is almost always a reversal back to the mid-point of that candle during the last H1 (3pm-4pm) candle.
Staying in my lane...
  • #9,532
  • Nov 29, 2018 3:57pm Nov 29, 2018 3:57pm
Quoting VEEFX
{quote} ... They are all untrustworthy source to demonstrate trading performance. Realtime via livestream or video recording is the only legit way to demonstrate a positive trade sequence as it happens...
If you are real paranoid (which a trader should be), even video recording can be manipulated (think about recording while trading in a replay mode and already knowing what market actually did in the future). Same with the live stream except in case where you are physically matching price on your realtime feed with the price that is shown in the live stream.
Think : Trade : Live Life
  • #9,533
  • Nov 29, 2018 4:20pm Nov 29, 2018 4:20pm
Quoting stt
{quote} If you are real paranoid (which a trader should be), even video recording can be manipulated (think about recording while trading in a replay mode and already knowing what market actually did in the future). Same with the live stream except in case where you are physically matching price on your realtime feed with the price that is shown in the live stream.
You will never be able to prove 100% that anything posted is the truth. Broker trade reports, easily faked. Data feed delays where you delay one feed but are secretly monitoring another feed at full speed, easily done. This would allow you to catch moves as they happen and trade a demo account that could easily be made to look like a live account. YouTube itself delays live streams by around 10 seconds. Bank deposits, easily faked. A little software and some time and anything can be made to look like the holy grail.

So, it comes down to why would someone fake it? Ego? Pride? Money? Sure, any or all of those are possible. It is up to you as a trader to take what you see or read and test it for yourself to see if trading that way is possible, profitable and most importantly sustainable. But then the factor of the skill of the trader comes into play doesn't it?

My advice.... look at everything with skeptical optimism. Be optimistic enough to give it a fair evaluation but be skeptical enough to not believe everything you see.
  • #9,534
  • Nov 29, 2018 4:28pm Nov 29, 2018 4:28pm
Quoting stt
{quote} If you are real paranoid (which a trader should be), even video recording can be manipulated (think about recording while trading in a replay mode and already knowing what market actually did in the future). Same with the live stream except in case where you are physically matching price on your realtime feed with the price that is shown in the live stream.
Good point proving one more time that you are a genius and I still have so much to learn :-

I am okay with Sierra based youtubers as you can only replay in Simulation mode (you cannot replay in live account mode) and the chart does display "Sim" during replay. I did not follow the live stream part. Could you please elaborate?

And frankly, there is no paranoia involved because I run a 100mph away (basic instinct!) anytime anyone tries to sell me anything. I hate Sales and anyone remotely associated with selling anything.
Staying in my lane...
  • #9,535
  • Nov 29, 2018 4:31pm Nov 29, 2018 4:31pm
Quoting magnumfreak
{quote} You will never be able to prove 100% that anything posted is the truth. Broker trade reports, easily faked. Data feed delays where you delay one feed but are secretly monitoring another feed at full speed, easily done. This would allow you to catch moves as they happen and trade a demo account that could easily be made to look like a live account. YouTube itself delays live streams by around 10 seconds. Bank deposits, easily faked. A little software and some time and anything can be made to look like the holy grail. So, it comes down to...
"Data feed delays where you delay one feed but are secretly monitoring another feed at full speed, easily done." - How is it possible to delay the price feed in a regulated environment like CME for instance? Kindly enlighten me!
Staying in my lane...
  • #9,536
  • Nov 29, 2018 4:42pm Nov 29, 2018 4:42pm
so when i record a live sessionand you see live movement and i only pause till we get close to setup can be manipulated? whats in it for me? i couild give a rats ass who believes and who doesnt other than my wife. So there wont be any contraversy i wont post charts and do recordings with the possible chance i might be manipulating things WOW i mean WOW
  • #9,537
  • Nov 29, 2018 5:09pm Nov 29, 2018 5:09pm
Quoting Divergence
so when i record a live sessionand you see live movement and i only pause till we get close to setup can be manipulated? whats in it for me? i couild give a rats ass who believes and who doesnt other than my wife. So there wont be any contraversy i wont post charts and do recordings with the possible chance i might be manipulating things WOW i mean WOW
I simply cannot see how just a "record and pause" action during a live trading session presents an opportunity to manipulate trading performance. Your NetPnL in Ticks at the end of the session is displayed right on the chart and that is what determines whether you made daily income or not. Good enough for me for sure and far better than just some screenshots with lines and arrows if you ask me :-)

I am sure if you spend HOURS with some video editing software and then post your videos next day, you possibly could but you are posting it right away (so is hilmy) and if I am not mistaken, I am sure someone in the knowhow with the right tools can determine if the video recording has been tampered by doing some sort of frame by frame analysis. Your videos are the only thing keeping my interested in trying out lol
Staying in my lane...
  • #9,538
  • Nov 29, 2018 5:11pm Nov 29, 2018 5:11pm
lol, paranoia.

te..can be faked

videos can be faked

livestream..oh now that can be faked too now huh?

what else??..how about we invite to each other's house and sit next to the trader while he trades...nope that can be faked too i guess, how do i know that this is your house?
  • #9,539
  • Nov 29, 2018 5:16pm Nov 29, 2018 5:16pm
Quoting VEEFX
{quote} "Data feed delays where you delay one feed but are secretly monitoring another feed at full speed, easily done." - How is it possible to delay the price feed in a regulated environment like CME for instance? Kindly enlighten me!
I have two data feeds coming into my computer right now. I can set the delay on my feed going to ninjatrader by however long I want. You can do a bunch with a 60 second delay. Then I monitor the other feed that has no delay going to another software package and look for the move to start. I only record the ninjatrader feed screen so to you it looks like I am a genius trader, never wrong.

Most software uses a simple javascript interface so faking anything is just a matter of writing a little code. In fact, most companies will provide something called an API which teaches you every little detail on how data is passed to and from your software. While I am not familiar with Sierra I am sure faking something wouldn't take a whole bunch of effort. If I am selling 3,000 dollar training packages faking results is nothing.

How do you know if any of the screenshots I have posted are live or sim? Take a look at the picture below and tell me if it is live or not:

Attached Image (click to enlarge)
Click to Enlarge Name: liveorwhat.png Size: 368 KB


Normally when I do a screen capture I use the feature built into Ninja Trader where I only have to press Alt-s. When I do, none of the data you see on the right in the picture above is included, just the chart. For all anyone knows they could have all been sim trades. Nothing on the chart shows anything about live or sim. Makes you think, huh? It all boils down to do you trust a total stranger on the internet to give you advice about how to trade your money? After all, the final goal of any trader is to take someone's money away from them, right Hilmy83?
  • #9,540
  • Nov 29, 2018 5:22pm Nov 29, 2018 5:22pm
Well I laid out how I trade showed charts showed live trading gave it freely nothing in it for me but to help this might be a good time to post less and less till I sail off into the sunset
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