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  • #761
  • Aug 19, 2019 11:07am Aug 19, 2019 11:07am
Quoting kette
{quote} then you do everything properly makes the master, never be greedy, this is trader death
A the initial stage of testing new strategy, I usually don't take only perfect setups. Later, if strategy proves to be worthy, I become more selective and choose only first-class setups.
  • #762
  • Aug 19, 2019 11:08am Aug 19, 2019 11:08am
Quoting DrDave
{quote} Be careful with GBPAUD. It is overdue to make a pullback before continuing up more.
You are right. At the moment I am +30 pips but my SL is at BE so it is a risk-free trade.
  • #763
  • Aug 19, 2019 11:10am Aug 19, 2019 11:10am
Quoting MasterNed
{quote} A the initial stage of testing new strategy, I usually don't take only perfect setups. Later, if strategy proves to be worthy, I become more selective and choose only first-class setups.

I'm too stupid to recognize setups, I have no strategy, I always trade away from the big volume
  • #764
  • Aug 19, 2019 11:12am Aug 19, 2019 11:12am
Quoting kette
{quote} I'm too stupid to recognize setups, I have no strategy, I always trade away from the big volume
That IS a strategy.
To free Gazans of Hamas, use whatever it takes.
  • #765
  • Aug 19, 2019 11:14am Aug 19, 2019 11:14am
Attached Image (click to enlarge)
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  • #766
  • Aug 19, 2019 11:16am Aug 19, 2019 11:16am
Quoting kette
{quote} I'm too stupid to recognize setups, I have no strategy, I always trade away from the big volume
What I usually do, is to look at the charts and see past setups. Then, I try do come up with the best possible rules that can produce enough good setups. Then I test it in hindsight, usually last year. Then, I move to forward testing... on demo, of course. If everything is OK, I go live... Before, going live, during forward testing, I clean up my setups and select only the first-class trades. I try to act as if it was real money on the line. THEN, I go live... Trust me, it is not the same when you are risking your own hard earned money... So, at the initial stage, I am a sort of a cowboy! However, when I go live, I become chicken!
  • #767
  • Aug 19, 2019 11:17am Aug 19, 2019 11:17am
Quoting DrDave
{quote} That IS a strategy.
Exactly. That is a strategy!
  • #768
  • Aug 19, 2019 11:25am Aug 19, 2019 11:25am
Quoting MasterNed
{quote} What I usually do, is to look at the charts and see past setups. Then, I try do come up with the best possible rules that can produce enough good setups. Then I test it in hindsight, usually last year. Then, I move to forward testing... on demo, of course. If everything is OK, I go live... Before, going live, during forward testing, I clean up my setups and select only the first-class trades. I try to act as if it was real money on the line. THEN, I go live... Trust me, it is not the same when you are risking your own hard earned money......
live and demo is a big difference, the art of the trade consists of where the market holds or goes on no matter which direction arrows say nothing, they are only help like any other indicator, but you will see all that if you trade live and yours nerves play the pranks right or wrong
  • #769
  • Aug 19, 2019 11:26am Aug 19, 2019 11:26am
Quoting DrDave
{quote} That IS a strategy.
It's not a strategy, the volume works so fast or you can be sure it's a trend
  • #770
  • Aug 19, 2019 11:29am Aug 19, 2019 11:29am
or do you say this is a strategy, dow trade
Attached Image (click to enlarge)
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  • #771
  • Aug 19, 2019 11:35am Aug 19, 2019 11:35am
Quoting kette
{quote} I'm too stupid to recognize setups, I have no strategy, I always trade away from the big volume
Unfortunately, none of us gets to see the real book of volume. Only the biggest Market Makers have access to that. Otherwise, it would be easy to trade since we would be able to predict where the price will go... They always drive the price to pick up the large orders... then they move away from that to get all of them into trouble. That's why "support" and "resistance" work sometimes. That's why you can always see the price playing around big S/R areas. They are picking up orders from both sides. And when they collect enough money, then they go to the desired destination...
  • #772
  • Aug 19, 2019 11:37am Aug 19, 2019 11:37am
Quoting kette
{quote} live and demo is a big difference, the art of the trade consists of where the market holds or goes on no matter which direction arrows say nothing, they are only help like any other indicator, but you will see all that if you trade live and yours nerves play the pranks right or wrong
I know bro. I am trading other strategy live... and my wife can't even enter the room until I am done. Otherwise, she can get all kinds of bad words from me... By the look on my face, she knows whether I won or lost the trade. She doesn't have to ask.
  • #773
  • Aug 19, 2019 11:38am Aug 19, 2019 11:38am
so good luck to your pros, it seems that what is on page 1 is true, but do not forget to take profits, then your accounts will soon burst
  • #774
  • Aug 19, 2019 11:49am Aug 19, 2019 11:49am
Quoting kette
so good luck to your pros, it seems that what is on page 1 is true, but do not forget to take profits, then your accounts will soon burst
We shall see. The BTM's strategy shows potential. What I don't like is that we depend on several unknown indicators.

Let's say that strategy proves to be profitable and we all start to make money. Then all of a sudden, MT4 can add some update or so and these indicators may not be compatible with this new version. Since we don't have mql4 files, we can all kneel down and beg BTM to re-code the indicators so that we can continue trading. But, what if he is not around anymore (he starts some new business and doesn't have time to hang around on FF) or doesn't want to provide new, updated indicators? Then, we can all kiss our trading goodbye until we find new, profitable strategy.
  • #775
  • Aug 19, 2019 11:50am Aug 19, 2019 11:50am
Quoting kette
or do you say this is a strategy, dow trade {image}
I did not say anything about the quality of the strategy, only that it IS a strategy. Flipping a coin 35 minutes after the London open is an entry strategy. Flipping a coin every 15 minutes after the entry until the condition for closing the trade occurs is an exit strategy. Is the combination a trading strategy? Yes. Is this trading strategy a GOOD strategy? We need to set some criteria to make that determination.
To free Gazans of Hamas, use whatever it takes.
  • #776
  • Aug 19, 2019 11:53am Aug 19, 2019 11:53am
Quoting MasterNed
{quote} We shall see. The BTM's strategy shows potential. What I don't like is that we depend on several unknown indicators. Let's say that strategy proves to be profitable and we all start to make money. Then all of a sudden, MT4 can add some update or so and these indicators may not be compatible with this new version. Since we don't have mql4 files, we can all kneel down and beg BTM to re-code the indicators so that we can continue trading. But, what if he is not around anymore (he starts some new business and doesn't have time to hang around...

that can happen, so seek or develop alternatives to it, you have audience
  • #777
  • Aug 19, 2019 11:54am Aug 19, 2019 11:54am
maybe DR.Dave shows his system and his knowledge
  • #778
  • Aug 19, 2019 11:56am Aug 19, 2019 11:56am
Quoting kette
{quote} that can happen, so seek or develop alternatives to it, you have audience
Will do bro... will do... When I come up with something good, I will share it...
  • #779
  • Aug 19, 2019 11:57am Aug 19, 2019 11:57am
Quoting DrDave
{quote} I did not say anything about the quality of the strategy, only that it IS a strategy. Flipping a coin 35 minutes after the London open is an entry strategy. Flipping a coin every 15 minutes after the entry until the condition for closing the trade occurs is an exit strategy. Is the combination a trading strategy? Yes. Is this trading strategy a GOOD strategy? We need to set some criteria to make that determination.
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  • #780
  • Aug 19, 2019 1:47pm Aug 19, 2019 1:47pm
GBPCAD - hit TP +71 pip

GBP AUD still running +35 pips at the moment (SL at BE)

GBPNZD still running +25 pips at the moment (SL at BE)
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