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Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

Attachments: (binned per thread starter’s request) MM (Money Maker) Detective
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(binned per thread starter’s request) MM (Money Maker) Detective

Quoting Robot Trader
{quote} MA's and a bit of imagination are all you need to follow the money in any market
Exactly, I suspected you have to be another MA trader, Parisboy in this group too. I work with 3MAs on my phone chart. We are the lazy 40,000 hrs MA traders.

Quoting parisboy
{quote} let's be clear on this point, I 100 % agree with "George" most of readers are lazy traders, willing to be spoonfed , asking for EA's (have you an EA for this ?) , jumping often from one method (EA) to another one in a de facto search for the "best" one. Fact is that 99,99 % of traders do not know really the indicators they use, how they works and above all WHAT ARE THEIR LIMITS it is a general characteristic on forums nobody talks about indicators limits , no books explain seriously the limits of the method they promote. Everybody seems...
You wrote my mind.

He who truly seek to learn let him read this awesome post and the next one. Took me 40,000 lazy hrs to learn this. Key word is calibration.

Ps Too many "likes" to click on the many awesome posts above. So one huge for all your posts.
Quoting Robot Trader
{quote} Hi PB, I have always had problems trading reversals, hence why I am hoping this thread will bring some new and better ways of doing this. For me it seems much better to follow the money, on the attached chart how many reversals are worth trading. Are there more Red or Green candles in relation to pip count. What would you rather trade Red or Green candles. Using MA's with reference points and distances in pips between MA's and PA there is a way of trading the majority of the Red candles and filtering out the Green. Regards RT {image}
RT, I am a Lazy Trader then according to your chart

a) I open a short position (because Price Action is UNDER your MA's)
b) I stay short sipping my preferred cocktails
c) I do not trade counter-trends moves, because most of the time I am too lazy to move my ass when Price Action is counter-trending

more precisely it depends of :

- the Amplitude of the Envelope I trade
- the strength (slope) of the Underlying Trend

your strategy is one of the oldest used existing already when (because) handcharting was common

As I saw your Chart, it immediately remembered me the book of Cliff DROKE on Moving Averages.

From memory he used MA's 18 and 40. He did not explain why. But everybody is in love with specific parameters
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Quoting parisboy
{quote}...... c) I do not trade counter-trends moves, because I am too lazy to move my ass
That's where Boy George comes in with his herd mentality, targets, targets, targets, TMA pressure zone, and MM manipulation narrative, all that done for us milk sucking lazy ignorant amateurs.
I just took a look at the other thread. Shake my head. Now we have the evidence to understand why the losers pool is so large. If you can't see it and call it out, you are the herd.

Stop for a moment, think for a second what all those charts over there tell you. Be honest to yourself. You either get it or you never will.

The guys on here have generously written about it in clear language with chart examples. Just read. And use your brain, connect the dots.
If you truly don't get it, trading is not for you. Harsh truth.

Learn the basics. Start with this video.
https://www.youtube.com/watch?v=5ndFA44gZkQ
Quoting Robot Trader
{quote} Hi PB, I have always had problems trading reversals, hence why I am hoping this thread will bring some new and better ways of doing this. For me it seems much better to follow the money, on the attached chart how many reversals are worth trading. Are there more Red or Green candles in relation to pip count. What would you rather trade Red or Green candles. Using MA's with reference points and distances in pips between MA's and PA there is a way of trading the majority of the Red candles and filtering out the Green. Regards RT {image}
@Robot Trader -- the M1 TMA is your friend. When the price pokes its head above / below the M1 TMA then that is a candidate signal.
Quoting parisboy
{quote} RT, I am a Lazy Trader then according to your chart a) I open a short position (because Price Action is UNDER your MA's) b) I stay short sipping my preferred cocktails c) I do not trade counter-trends moves, because most of the time I am too lazy to move my ass when Price Action is counter-trending more precisely it depends of : - the Amplitude of the Envelope I trade - the strength (slope) of the Underlying Trend your strategy is one of the oldest used existing already when (because) handcharting was common As I saw your Chart, it immediately...
@parisboy and other MA lovers -- try overlaying the MM-M1-TMA.ex4 indicator and tell me what you see. I don't disagree with your use of MAs -- after all, TMA is another flavor -- just that your crossings are no better / worse at anticipating a reversal than price breaking above / below the TMA. But my M1 TMA does have @George's stamp of approval -- 20 years and 10000 hours of deep, deep study. And if it's good enough for @George then it is good enough for me.

If you aren't interested in trading reversals then this is the wrong thread.
Quoting skyway
I just took a look at the other thread. Shake my head. Now we have the evidence to understand why the losers pool is so large. If you can't see it and call it out, you are the herd. Stop for a moment, think for a second what all those charts over there tell you. Be honest to yourself. You either get it or you never will. The guys on here have generously written about it in clear language with chart examples. Just read. And use your brain, connect the dots. If you truly don't get it, trading is not for you. Harsh truth. Learn the basics. Start with...
@skyway -- excellent video. Thanks for posting.
Quoting YoungET
{quote}Over the years now I've come to the conclusion that the only way to make reversals work is to have the overall picture of price on your side. That's my two cents.
That's what we learn from the school of hard knocks.

Out and out contrarian reversal is a challenging kettle of fish that hopefully r4m efforts together with the contributions from the rest can help break new frontiers.
@parisboy, @Robot Trader, all MA lovers...

Yes -- I'm on board. MAs are great. And, every strategy -- again, every strategy -- has these two basic steps:
1. identify candidate signals
2. filter signals (to distinguish true signals from false positives)

An algorithmic robot uses coded rules to explicitly implement these two steps. A human robot uses its brain to implicitly implement these steps -- either knowingly or unknowingly.

Here -- lets do the "napkin" test. Using @parisboy's post #3162 above (or any other one of his posts where he describes a trading strategy), write down on a napkin the explicit rules you would need to follow in order to place a BUY or SELL trade.

Okay, I'll do the same. Here is what my napkin says:
1. Draw 2 lines.
2. When price jumps above upper line then press SELL button.
3. When price jumps below lower line then press BUY button.
Quoting robots4me
@parisboy, @Robot Trader, all MA lovers... Yes -- I'm on board. MAs are great. And, every strategy -- again, every strategy -- has these two basic steps: 1. identify candidate signals 2. filter signals (to distinguish true signals from false positives) An algorithmic robot uses coded rules to explicitly implement these two steps. A human robot uses its brain to implicitly implement these steps -- either knowingly or unknowingly. Here -- lets do the "napkin" test. Using @parisboy's post #3162 above (or any other one of his posts where he describes...
@Robots4me very simplistic but true

true for every trading strategy - after condition(s) XYZ at point Z sell or buy

George could have written it !
Quoting parisboy
{quote} @Robots4me very simplistic but true true for every trading strategy - after condition(s) XYZ at point Z sell or buy George could have written it !
Quote
George could have written it !
@parisboy -- I learned from the best!!
Me too !
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Quoting parisboy
Me too ! {image} {image}
@parisboy -- I'm embarrassed to ask. Could you post the SMA settings you used with these charts. I'd like to see where the MA crossings occur in relation to M1 TMA spikes. I see the MMC settings in the legend at the top, but those aren't periods, are they?
Quoting robots4me
{quote} @parisboy -- I'm embarrassed to ask. Could you post the SMA settings you used with these charts. I'd like to see where the MA crossings occur in relation to M1 TMA spikes. I see the MMC settings in the legend at the top, but those aren't periods, are they?
4 Centered Moving Averages are used : Data are Daily

CMA 192 = 9 Months = 192 days
CMA 384 = 18 Months
CMA 768 = 3 Years
CMA 1536 = 6 Years

1 Year = 256 Trading Days
1 Quarter = 3 months = 13 weeks = 64 Trading Days
Not every MAs create equal..

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Just for example
My Money Machine, No PM, not for sale, not for share but achievable with common sense.

Happy Trading and Keep Smiling
NIH
Dog + Smile = Beautiful Day
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A nice rounded saucer MA is indeed powerful...
Quoting parisboy
{image}
@parisboy -- thank you. I'm currently looking into this.
Quoting Nih98
Not every MAs create equal.. {image} Just for example My Money Machine, No PM, not for sale, not for share but achievable with common sense. Happy Trading and Keep Smiling NIH
Interesting.

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Follow this trade till completion. Use a logical unbiased mind as the market unfolds before you. There's much to learn from this.
https://www.forexfactory.com/showthread.php?p=12334178#post12334178

Thanks moodybot for the trade call, appreciate it.
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