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  • #101
  • Jun 23, 2019 4:18am Jun 23, 2019 4:18am
Quoting VEEFX
I repeat... please think about what I am conveying here. A Long Term Profitable Trader will 1) Never ever engage in discussions or try to learn from someone's strategy. 2) Never ever alter his own trading strategy no matter what! If you are adopting someone else's style, you are NOT profitable in my "book of revelations".
i disagree vee, because all of my profitable strategies comes from forums including FF. books may have some but are usually outdated, and not up to scrutiny like forums.

forums are gold, because knowledge spread and grow by getting it public and be up to criticism, and beleive me forums are the best. users are not afraid to throw in the darts, be true themselves, discuss and share knowledge.

the moment a person start to supress critics, the faster their theories will diminish.

there are great ppl here in FF that i came across, and shared good strategies. just b patient, read, discuss, and MOST OF ALL; do the hard work of testing strategy ideas, improve, modify, or throw away bad ones, and move on to the next.
  • #102
  • Jun 23, 2019 4:19am Jun 23, 2019 4:19am
Quoting skyway
{quote} Bluesteele comes to mind
No sir... I am NOT going to comment on anyone in particular. I have made that pledge back in January. I am not targeting anyone with my comments here. I have been saying this shit for MANY years before George arrived on the scene.... look up my history on my rage to put 1000s on ignore lol
Staying in my lane...
  • #103
  • Jun 23, 2019 4:25am Jun 23, 2019 4:25am
Quoting alphadude
{quote} i disagree vee, because all of my profitable strategies comes from forums including FF. books may have some but are usually outdated, and not up to scrutiny like forums. forums are gold, because knowledge spread and grow by getting it public and be up to criticism, and beleive me forums are the best. users are not afraid to throw in the darts, be true themselves, discuss and share knowledge. the moment a person start to supress critics, the faster their theories will diminish.
I will say this again dude..... if your strategies stop working in 3 months of go-live, there is something seriously wrong in your approach. Perhaps your edge is NOT in each forum-found strategy but probably in your own ability to run and manipulate the overall basket of algo strategies which is what I really think is in your case. I would never ever go the algo route if a strategy stops working in just 3 months but hey.... I have yet to excel in my algo journey so set a good example and don't listen to me :-)
Staying in my lane...
  • #104
  • Jun 23, 2019 4:29am Jun 23, 2019 4:29am
Quoting alphadude
{quote} i disagree vee, because all of my profitable strategies comes from forums including FF. books may have some but are usually outdated, and not up to scrutiny like forums. forums are gold, because knowledge spread and grow by getting it public and be up to criticism, and beleive me forums are the best. users are not afraid to throw in the darts, be true themselves, discuss and share knowledge. the moment a person start to supress critics, the faster their theories will diminish. there are great ppl here in FF that i came across, and shared...
I second that.
Ernest Chan says, he picks ideas from anybody and test it.
on a postive roll...
  • #105
  • Jun 23, 2019 4:30am Jun 23, 2019 4:30am
Psychology in trading>>>> new trader first hour on live account glued to the 5 min chart>>>> gets a sell trade>>>>>eyes are wide>>>>>expectation is get a big win>>>>>> sees it go up by one pip>>>>>>> his eyes cant blink his brain is starting to panic>>>>>it moves another 1 pip up>>>>>> is eyes are poping hes started to sweat>>>>he waiting cant breath properly >>>>> starts thinking so many bad things trades going against me>>>>>> cant speak sweating and pulls the plug with a loss only to watch it go down by 10 pips and starts to cry , silly me 30plus years ago
people leave, but this thread will go on for ever
  • #106
  • Jun 23, 2019 4:35am Jun 23, 2019 4:35am
Quoting Rmg
{quote} I second that. Ernest Chan says, he picks ideas from anybody and test it.
With respect.... that is why we both are still struggling to find a decent algo in futures. Most FX strategies won't work on stock index in futures in my final conclusion. I would even say it can NEVER work but that would be crossing my line to make others into thinking I am a professional futures guru lol
Staying in my lane...
  • #107
  • Jun 23, 2019 4:37am Jun 23, 2019 4:37am
Quoting Aussi
Psychology in trading>>>> new trader first hour on live account glued to the 5 min chart>>>> gets a sell trade>>>>>eyes are wide>>>>>expectation is get a big win>>>>>> sees it go up by one pip>>>>>>> his eyes cant blink his brain is starting to panic>>>>>it moves another 1 pip up>>>>>> is eyes are poping hes started to sweat>>>>he waiting cant breath properly >>>>> starts thinking so many bad things trades going against me>>>>>> cant speak sweating and pulls the plug with a loss only to watch it go down by 10 pips and starts to cry , silly me 30plus...
I would have given this post a "like" but just yesterday I took a pledge not to "like" anything going forward. Likes are the main reason I have stopped visiting the home page. Stupid likes to Stupid posts from Stupid people also irks me
Staying in my lane...
  • #108
  • Jun 23, 2019 4:40am Jun 23, 2019 4:40am
Quoting VEEFX
{quote} I would have given this post a "like" but just yesterday I took a pledge not to "like" anything going forward. Likes are the main reason I have stopped visiting the home page. Stupid likes to Stupid posts from Stupid people also irks me
just a memory mate
people leave, but this thread will go on for ever
  • #109
  • Jun 23, 2019 4:41am Jun 23, 2019 4:41am
Quoting VEEFX
{quote} With respect.... that is why we both are still struggling to find a decent algo in futures. Most FX strategies won't work on stock index in futures in my final conclusion. I would even say it can NEVER work but that would be crossing my line to make others into thinking I am a professional futures guru lol
VEEFX, few questions if you don't mind to tap your brains and experience.
Were you at any point trading with an edge in forex market ?
What was your motivation why you migrate to futures ?
Now that you have gained some experience with futures market, how different is it from forex market in terms of finding this edge as a comparison ?
  • #110
  • Jun 23, 2019 4:45am Jun 23, 2019 4:45am
Quoting VEEFX
{quote}Stupid likes to Stupid posts from Stupid people also irks me
Have you considered those stupid likes are done to purposely stir you up ?
  • #111
  • Jun 23, 2019 4:50am Jun 23, 2019 4:50am
Quoting alphadude
{quote} i have seen it over and over again, where *profitable* traders (or so they claim) attribute their success to a specific indicator, not realizing the edge is coming from somewhere else. that is why when you come across a strategy that works, it is important to take it in its entirity, and also try to figure out where the edge is coming from.
Hi Alphadude.

Now I think that would be a fascinating idea for a discussion thread on FF. I agree that profitable traders (which I'm not yet!! I will get there!!) really do hold a solid EDGE in the way they read the market, manage their trades, deal with EGO or psychology, etc. and I'd love to read about those types of things, too.

I don't want to speak for Aussie, because this is his thread, but perhaps that is what he is setting out to discover. What are these EDGES that each profitable trader has.

Perhaps there is already a thread out here in FF where different traders already discuss these types of things??

Cheers
Anthony
Empty your mind and let the market guide you
  • #112
  • Jun 23, 2019 4:53am Jun 23, 2019 4:53am
Quoting VEEFX
{quote} With respect.... that is why we both are still struggling to find a decent algo in futures. Most FX strategies won't work on stock index in futures in my final conclusion. I would even say it can NEVER work but that would be crossing my line to make others into thinking I am a professional futures guru lol
Great you found a new passion (hope) in NQ futures mate. I do not want to take any enthusiasm away.
Out of all the finical instruments to trade - NASDAQ index futures.
You have gone from forex to an index future. The volume of NQ index trades vastly pales in comparison to cash of underlying stocks that trade during market hours.
In a few years you will be just as jaded at futures as you are at forex right now. Forget leverage, just pick a couple of solid stocks and trade them. NQ HFT algos are the worst (best?).
  • #113
  • Jun 23, 2019 4:56am Jun 23, 2019 4:56am
Quoting VEEFX
{quote} With respect.... that is why we both are still struggling to find a decent algo in futures. Most FX strategies won't work on stock index in futures in my final conclusion. I would even say it can NEVER work but that would be crossing my line to make others into thinking I am a professional futures guru lol
I am looking forward to test different strategies for forex and futures stock indices. Unless I have done hundreds if not thousands of strategies and failed to seek an edge i would agree with you. I am not from software background, Sierra has limitations, thinking of learning python. Seeking knowledge and strategies to test, real journey actually starts now. What I am seeking is beyond the scope of this forum hence I am quoting specialists every now and then. Everyday learning something from a book or video or a blog at the same time disregard any BS that come across.
on a postive roll...
  • #114
  • Jun 23, 2019 4:59am Jun 23, 2019 4:59am
Quoting skyway
{quote} VEEFX, few questions if you don't mind to tap your brains and experience. Were you at any point trading with an edge in forex market ? What was your motivation why you migrate to futures ? Now that you have gained some experience with futures market, how different is it from forex market in terms of finding this edge as a comparison ?
Were you at any point trading with an edge in forex market ? Yes but mostly a foolish loser before I ran into millipede thread. Many won't agree with my definition of "edge" which is NOT based on what price is doing or where price is. I completely removed price from the equation and that made a huge difference. Here's (https://www.forexfactory.com/showthread.php?p=12344511#post12344511) my entire journey in FX summarized into what I felt worth reading.

What was your motivation why you migrate to futures ? Loss of Trust in FX Brokerage industry. After FXCM was booted out of USA, that was the day I decided to exit out of FX. I tried to go the automation route in mt4 and that was also shut down because of unregulated broker tricks. Primary objective was safety of capital to trade big in regulated exchange where everything is transparent to all market participants.

Now that you have gained some experience with futures market, how different is it from forex market in terms of finding this edge as a comparison ? I have less than a week or two of next experience in live futures (and mostly NQ only and only during nyse and nothing else). I am not even qualified to comment. I have yet to get into volumes but just looking at price or price based strategies, I have yet to find my edge. All my 500+ strategy attempts have failed to achieve my goals as one has to use SL and FIFO in futures. There is no hedging or any fancy basket strategies that can be applied. I focused on finding a strategy that opens only one trade at a time which produces consistent daily income. I have yet to find one that suits my style. How different is FX from Futures? To my astonishment, very different.I rely on currency strength (not the usual crappy strength indicators found here) which is the number one ingredient missing in futures for my style.
Staying in my lane...
  • #115
  • Jun 23, 2019 5:02am Jun 23, 2019 5:02am
Quoting SunnyCoast
{quote} Hi Alphadude. Now I think that would be a fascinating idea for a discussion thread on FF. I agree that profitable traders (which I'm not yet!! I will get there!!) really do hold a solid EDGE in the way they read the market, manage their trades, deal with EGO or psychology, etc. and I'd love to read about those types of things, too. I don't want to speak for Aussie, because this is his thread, but perhaps that is what he is setting out to discover. What are these EDGES that each profitable trader has. Perhaps there is already a thread out...
you seem to have learnt a lot in a short time mate keep it up , i do like your thread , yes you are partly correct regarding the edge , i have my own ced74 has is it works for him mine works for me and i am sure on here people have their own that works for them , and i even at 68 want to learn from them i visit many threads during the day and see what people are doing so in all its a learning forex but some want to keep it a secret and exclusive which in my books is not good
people leave, but this thread will go on for ever
  • #116
  • Jun 23, 2019 5:07am Jun 23, 2019 5:07am
Quoting KoiFish
{quote} Great you found a new passion (hope) in NQ futures mate. I do not want to take any enthusiasm away. Out of all the finical instruments to trade - NASDAQ index futures. You have gone from forex to an index future. The volume of NQ index trades vastly pales in comparison to cash of underlying stocks that trade during market hours. In a few years you will be just as jaded at futures as you are at forex right now. Forget leverage, just pick a couple of solid stocks and trade them. NQ HFT algos are the worst (best?).
I have a feeling you might be right about NQ. Trading is trading in the end always resulting in a binary outcome no matter what you trade. Currently, I am trying to develop an edge to reverse engineer algorithmic moves. They happen in NQ at session open as well. My path to Futures have very specific and unique objectives associated with it. I do NOT want to continue being a manual trader for more than an hour to two max. My choice is a "supervised algo" route trading only one or two hours a day. Not sure if I will ever succeed but I would be damned if I ever give up on it so journey will continue until the last day of my target "quitting" date (chosen before I got into futures).
Staying in my lane...
  • #117
  • Jun 23, 2019 5:14am Jun 23, 2019 5:14am
In my personal opinion, the whole thread of George's is a joke.

1) He talks in third person
2) His writing language is a pain to read
3) the color and the fonts used are way bright/distracting
4) no idea where the purpose of the thread is, i believe he never clearly pans out his strategy
5) useless podcast recently with no real gem in it at all

Overall, it gives me brain cancer everytime i visited that thread but it's the most popular one now. so....
  • #118
  • Jun 23, 2019 5:18am Jun 23, 2019 5:18am
Quoting VEEFX
The reasons that irks the hell out of me to the point that it has becoming a crippling effect for me to read and/or participate in any threads in any forum. Yes, I am throwing a Machete at EVERY yellow, orange and red flag member of the factory! Followers adore following self-proclaimed profitable traders who have no decent history of postings and no demonstrated evidence of their experience or profitability Self-proclaimed advanced Traders show zero evidence of their xx years of profitability. I repeat, not ONE idiot since 2006 has shown me personally...
Have you miss that appointment again?
  • #119
  • Jun 23, 2019 5:21am Jun 23, 2019 5:21am
how many trading seminars you guys and gals have gone to , i have been to a few in my early days >>>>> did i learn any thing yes i did but over time you move onto something else
people leave, but this thread will go on for ever
  • #120
  • Jun 23, 2019 5:25am Jun 23, 2019 5:25am
Quoting Aussi
how many trading seminars you guys and gals have gone to , i have been to a few in my early days >>>>> did i learn any thing yes i did but over time you move onto something else
Zero for me. Never spent a dime on anyone or anything during my entire journey. It's probably the only thing I am proud of in FX. I bought only one book because my trading plan factored each and EVERY page of that book.
Staying in my lane...
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