What works, and what doesn't | Page 19 | Forex Factory

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What works, and what doesn't

  • #361
  • Jan 31, 2019 8:37pm Jan 31, 2019 8:37pm
Quoting bloodpoodle
Nothing works! Oh wait! {image}
About your weak run concept...how do you identify the strong run (usually by news/fundamental), since price will only retrace a bit, then continue previous move.

Thanks before
  • #362
  • Feb 1, 2019 5:00am Feb 1, 2019 5:00am
Quoting yosyang
{quote} About your weak run concept...how do you identify the strong run (usually by news/fundamental), since price will only retrace a bit, then continue previous move. Thanks before

A strong move up is usually a slow grind. Up down up down.
Regarding a weak move made by news, they are usually also filled. Look at yesterday's FOMC on the EURUSD for example. But in general you can use these rules.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190201-115742.jpg Size: 372 KB
// Jim Ęgirson https://discord.gg/Dkm3demYsx
  • #363
  • Feb 2, 2019 5:39am Feb 2, 2019 5:39am
that just show sometimes gaps fill sometimes they don't.
A good trader will be able to calculate the odds of the gap filling, and take a chance on it.
there is always two outcomes to every trade 1. you win 2. you lose.
Just because there is a gap, doesn't mean it will fill.
when you get good you will know when a gap might fill..
That is the true art of being a trader.. Not just taking a chance on every gap filling, but
being able to read the market well enough to know when to pull the trigger on a trade and when to wait.
no signal works 100% of the time.. you have to be able to read the market as a whole, to know when the odds are in your favor.
Only a fool takes every signal.

Hint. A good time to start looking for a gap fill is when A new market opens.
example asian starts gaping it up... but london starts selling...
when A new market opens and things seem to be reversing is the time I'll jump in for a small risk.
The only system that will work is one designed by and for yourself.
  • #364
  • Feb 2, 2019 5:53am Feb 2, 2019 5:53am
Quoting bloodpoodle
that just show sometimes gaps fill sometimes they don't. A good trader will be able to calculate the odds of the gap filling, and take a chance on it. there is always two outcomes to every trade 1. you win 2. you lose. Just because there is a gap, doesn't mean it will fill. when you get good you will know when a gap might fill.. That is the true art of being a trader.. Not just taking a chance on every gap filling, but being able to read the market well enough to know when to pull the trigger on a trade and when to wait. no signal works 100% of...
I'm not correcting you but I have noticed that all gaps fill; the question is, how long does it take for that gap to fill. I've noticed same day, I've seen days later, sometimes weeks later but they do fill every time. It would be good to see if someone has found a gap that has never filled.
  • #365
  • Feb 2, 2019 7:52am Feb 2, 2019 7:52am
The Dirty Dozen

Inserted Video
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #366
  • Feb 2, 2019 12:38pm Feb 2, 2019 12:38pm
Quoting v2vboni
The Dirty Dozen https://www.youtube.com/watch?v=3c6o...e=youtu.be&t=7
I've seen alot of People posting this guy's YouTube vids(alot of People are mostly wrong).But who is he?
// Jim Ęgirson https://discord.gg/Dkm3demYsx
  • #367
  • Feb 2, 2019 11:28pm Feb 2, 2019 11:28pm
Not too impressed with that video.
Just another forex guru, I've seen many come and go.

Just study spikes, grinds, flat stalls, in the context of Liquidty, volatility, and time of day.
Also don't be afraid to look around and see what other similar things are doing.
For example if your trading e/u, you might want to watch bunds, dax, e/g, e/j, ect.
When you find something that works for you. Focus in on it and try to duplicate it.
Master just one thing that your good at.. and you have become your own guru.
The only system that will work is one designed by and for yourself.
  • #368
  • Feb 2, 2019 11:49pm Feb 2, 2019 11:49pm
Quoting SirOrigami
{quote} I've seen alot of People posting this guy's YouTube vids(alot of People are mostly wrong).But who is he?

His name is Patric, and he is a professional institutional trader who wants to help everyone who has not yet become profitable to do so within 2 years ...
Every week he publishes 2 videos on his you tube canal, and one post in his blog, slowly teaching everyone interested in his trade technique.

By the end of 2019 the free course will be completed, and its followers will be ready to make money with forex trading ...

It's all free, and I recommend everyone who needs it, to go over the previous videos, and actively follow new videos by the end of the year ...

If nothing else, at least you will find out what's going on behind the screen in forex trading, and how "dumb money" is easy money for the "big banks" ...

This is his blog:

No Nonsense Forex
This game is beatable
https://nononsenseforex.com

Youtube chanel:
https://www.youtube.com/channel/UCc8...r4NGbaQFnd2b-A
  • #369
  • Edited 3:44am Feb 3, 2019 2:53am | Edited 3:44am
Dumb money VS bank money.. Stupid way to think about forex!!
For that to be true.. most forex trades would have to be dumb speculators.
The real truth is Forex is real money flowing in the real world.
Example: Usa sells some soybeans to china. The buyer in china needs some US dollars to pay for it.
(currency also moves on interest rates, (debt-bonds) and central bank reserves, among other things)
Banks aren't out to screw over dumb money.. They have real business to attend to.
Trillions of dollars flow though the forex market every day.

Reducing FX to Banks vs retail is just ignorant!
That is why I think this "professional institutional trader" is probably a nobody with a website.
I bet he doesn't say where he is employed..
I bet he doesn't give a track record to be independently verified.
Be ultra careful who you listen to... There are scam artists out there...
I seen many provide "free" content.. then it turns into payed content once you get hooked...
and only one who wins is the guru, as its really a scam artist.
Why is he looking for donations on his web page if he is so successful?

For some reason people are so eager to win they will believe anything when it comes to money...
Look at Bernie Madoff and how willing everybody was to sign up for his ponzi!
Look at everybody willing to believe Sam Seidens Supply and demand Bullcrap.
Only one way to win this game.. Put in the hours.. And become your own GURU..
The only system that will work is one designed by and for yourself.
  • #370
  • Feb 3, 2019 3:14am Feb 3, 2019 3:14am
Quoting bloodpoodle
Dumb money VS bank money.. Stupid way to think about forex!! For that to be true.. most forex trades would have to be dumb speculators. The real truth is Forex is real money flowing in the real world. Example: Usa sells some soybeans to china. The buyer in china needs some US dollars to pay for it. Banks aren't out to screw over dumb money.. They have real business to attend to. Trillions of dollars flow though the forex market every day. Reducing FX to Banks vs retail is just ignorant! That is why I think this "professional institutional trader"...
This is just one of the reason why I came to visit and post here in this Forum. It makes you think otherwise or get some feedback or see other side of things. And in the end... Be more informed.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #371
  • Edited 6:57am Feb 3, 2019 4:51am | Edited 6:57am
Volatility vs Consistency

Should you be trading the most volatile time of day? (most pips possible to make)
Or the Most consistent time of day? (maybe lower pips but get wins more often)
The choice to me is clear..

I also know some traders choose pairs only based on volatility. (Gbp/Jpy) tends to move a lot.
Choose the pair you are most consistent with.. not the one that moves the most.
If your doing this to make pips consistently it wont be as exciting as the rush you get
from watching price fly all over the place. If you need that rush more then you need pips.. your gambling.
The only system that will work is one designed by and for yourself.
  • #372
  • Feb 3, 2019 6:07am Feb 3, 2019 6:07am
Always speaking the truth bloodpoodle... Someone should compile all your posts into a coffee table PDF book.
  • #373
  • Edited 7:51am Feb 3, 2019 7:14am | Edited 7:51am
I only trade one day last week.

I didn't like fomc and powell.
I didn't like NFP.
I didn't like Draghi an carney speaking.
i didn't like that it was end of the month
where every stock broker is trying to make his monthly bonus.

So I protected a great month of gains... and played defense.

Being a trader sometime means letting off the gas for a while...
You don't have to trade every day!
I know its hard not to trade... I struggle with it...
My strategy isn't to make money on huge events, its to make money consistently.
So i followed my plan! Honestly its still hard to do nothing...
Some things I do instead of trading.. 1. got a guitar to learn. Always can keep you busy! 2. drink.(whiskey) 3. go visit friends house 4. Play with linux OS till I wanna smash my screens. ( love windows 10, everything just works. no apt-get BS commands) 5. Long Walks/bike rides. I have diabetes so its good for my blood sugar. 6. Play games GTA V and Farcry 5 but i finished them so its not that entertaining at the moment. I wish they had Red Dead for pc!
The only system that will work is one designed by and for yourself.
  • #374
  • Feb 3, 2019 5:16pm Feb 3, 2019 5:16pm
Quoting bloodpoodle
I only trade one day last week. I didn't like fomc and powell. I didn't like NFP. I didn't like Draghi an carney speaking. i didn't like that it was end of the month where every stock broker is trying to make his monthly bonus. So I protected a great month of gains... and played defense. Being a trader sometime means letting off the gas for a while... You don't have to trade every day! I know its hard not to trade... I struggle with it... My strategy isn't to make money on huge events, its to make money consistently. So i followed my plan! Honestly...
Can you explain what you mean by the broker trying to make their monthly bonus? (I've never heard of it before)
  • #375
  • Feb 4, 2019 8:31pm Feb 4, 2019 8:31pm
End of the month brokers like to move stuff. They start calling clients telling them to buy this or that.
They work on commission. Also if they are in a good trade very likely to exit. Thats a trick they use
to fatten their paychecks. Very short term thinking.. but when you have bills to pay and coke and hookers to buy
you do what you need to.

If you ever work a job based on commission... your often gaming the system, rather then doing whats right..
The only system that will work is one designed by and for yourself.
  • #376
  • Feb 5, 2019 3:53am Feb 5, 2019 3:53am
Quoting bloodpoodle
End of the month brokers like to move stuff. They start calling clients telling them to buy this or that. They work on commission. Also if they are in a good trade very likely to exit. Thats a trick they use to fatten their paychecks. Very short term thinking.. but when you have bills to pay and coke and hookers to buy you do what you need to. If you ever work a job based on commission... your often gaming the system, rather then doing whats right..
might be more quarterly than monthly, but pretty much that is a game when trying to hit as payout/high water mark.
those well ahead almost seize to trade, those behind try to turn their luck around.
not only traders, funds do this as well, especially for their FY end.
there is always, always another trade!!
  • #377
  • Feb 5, 2019 4:03am Feb 5, 2019 4:03am
I agree that a government's policy is able to change the currency value. For instance, when last year China prohibited bitcoin mining its price fell down drastically.
  • #378
  • Feb 5, 2019 4:25am Feb 5, 2019 4:25am
Quoting spotrate
{quote} Can you explain what you mean by the broker trying to make their monthly bonus? (I've never heard of it before)
None of which can be proven, so do“t even bother reading it twicw or mentioning to anyone because it is 1000% made up!
6ix9ine - Bebe
  • #379
  • Feb 5, 2019 8:06am Feb 5, 2019 8:06am
Quoting bloodpoodle
I only trade one day last week. I didn't like fomc and powell. I didn't like NFP. I didn't like Draghi an carney speaking. i didn't like that it was end of the month where every stock broker is trying to make his monthly bonus. So I protected a great month of gains... and played defense. Being a trader sometime means letting off the gas for a while... You don't have to trade every day! I know its hard not to trade... I struggle with it... My strategy isn't to make money on huge events, its to make money consistently. So i followed my plan! Honestly...
keep it up!!!
Know The Presence Of The Market
  • #380
  • Feb 7, 2019 2:22am Feb 7, 2019 2:22am
Quoting zozon99
{quote} His name is Patric, and he is a professional institutional trader who wants to help everyone who has not yet become profitable to do so within 2 years ... Every week he publishes 2 videos on his you tube canal, and one post in his blog, slowly teaching everyone interested in his trade technique. By the end of 2019 the free course will be completed, and its followers will be ready to make money with forex trading ... It's all free, and I recommend everyone who needs it, to go over the previous videos, and actively follow new videos by the...
I guess, he is not a bad analyst. Will subscribe to his channel. Thanks for the info.
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