(binned per thread starter's request) Beat The Market strategy | Page 155 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How To Beat The Market Trading Just 30 Minutes Per Day 3 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: (binned per thread starter's request) Beat The Market strategy
Exit Attachments

(binned per thread starter's request) Beat The Market strategy

  • #3,081
  • Oct 1, 2019 8:17am Oct 1, 2019 8:17am
Quoting leweg1
{quote} Sl hit on this trade, then missed the alert for the current day
The latest short signal for GBP/CAD wasn't any better... so be happy you missed it.
  • #3,082
  • Oct 1, 2019 8:23am Oct 1, 2019 8:23am
Quoting BTM
{quote} when your sl is very close to the current price,you can set 2nd line . if 2nd line is to far,you can set your sl in midle of 1-2 line. if you could do that,you gbpcad wont hit sl.
And who says such modified SL won't be taken out the next time? If you always change SL like random just to make sure it won't be hit too fast, well then you could also set no SL at all.
  • #3,083
  • Oct 1, 2019 8:25am Oct 1, 2019 8:25am
Quoting lddd
{quote} The latest short signal for GBP/CAD wasn't any better... so be happy you missed it.
TP1 already for 27 pips and still dropping. every pip counts on a monthly tally lol
  • #3,084
  • Edited 8:40am Oct 1, 2019 8:29am | Edited 8:40am
Quoting leweg1
{quote} TP1 already for 27 pips and still dropping. every pip counts on a monthly tally lol
Could you post a chart, please showing where exactly you entered with the close after the signal came? To me, its not a 27 Pips until TP1.

Its a 13 pips to me with a much higher SL on the other hand.

Attached Image (click to enlarge)
Click to Enlarge Name: gcad.png Size: 36 KB


As you also can see the signal came 3 candles late after the reversal candle. If you would have followed that pure price action you would have had a much much better risk to reward trade.
  • #3,085
  • Oct 1, 2019 8:38am Oct 1, 2019 8:38am
Quoting lddd
{quote} Could you post a chart, please showing where exactly you entered with the close after the signal came? To me, its not a 27 Pips until TP1. Its a 13 pips to me with a much higher SL on the other hand. {image}
see attached
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.png Size: 115 KB
  • #3,086
  • Oct 1, 2019 8:47am Oct 1, 2019 8:47am
GC position TP1 hit
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
  • #3,087
  • Oct 1, 2019 8:53am Oct 1, 2019 8:53am
Quoting leweg1
{quote} see attached {image}
Hm. I have 25 Pips by looking at the open of the candle after the signal until TP1 line.

Just used the crosshair of MT4, showing me 13-14 Pips instead. Isn't it accurate anymore?
  • #3,088
  • Oct 1, 2019 11:03am Oct 1, 2019 11:03am
Quoting lddd
{quote} Hm. I have 25 Pips by looking at the open of the candle after the signal until TP1 line. Just used the crosshair of MT4, showing me 13-14 Pips instead. Isn't it accurate anymore?
must be something with the broker?
  • #3,089
  • Oct 1, 2019 11:16am Oct 1, 2019 11:16am
I want to test Ea auto trading but it didn't open trades with a messages like that : "BTMDASH - SHORT NOT LOADED ON GBPUSD TP or SL near 10 Points of Pivot's lines1.22648 SL 1.232770000000073 TP 1.223089999999956"

Tested on 2 brokers.
  • #3,090
  • Oct 1, 2019 12:18pm Oct 1, 2019 12:18pm
What is this GBP is doing??
  • #3,091
  • Oct 1, 2019 12:22pm Oct 1, 2019 12:22pm
Quoting ficibald
{quote} Risky trade
thx +60 pips in hand
  • #3,092
  • Oct 1, 2019 12:30pm Oct 1, 2019 12:30pm
Quoting mbae
What is this GBP is doing??
iTS PLAYING WITH YOU!!!

Big boyz are taking out stops and doing other kinds of accumulation.
To free Gazans of Hamas, use whatever it takes.
  • #3,093
  • Oct 1, 2019 1:05pm Oct 1, 2019 1:05pm
Been back home for 2 weeks. Been busy getting girls back to school and fyi our vacation was not just that. We had to go to my wife's hometown because she had a high risk pregnancy. We decided to have the baby born there for medical reasons and her family could assist in caring for both baby and mom. Aside from a small scare and a few extra days in hospital both my wife and baby are well.

I have read through thread every chance I get (can't understand why some folks don't do same). Disappointed thread still stuck on basics. I trade a profitable method and this could assist with entries as I trade 4hr charts. But entries, for me, are limited since I rest during London and cannot/will not be on charts all day or everyday. At times entries based on BTM rules are against my system, (happens when pair reversing) and usually hits BTM SL. I am not lazy, I trade for a living so I have been noticing some things that has worked, not just sitting around waiting to be spoonfed. So it would be helpful to be able to use this method in various ways especially reversals and out of bands since basics already proven profitable.

BTM seriously consider moving forward, unless your plan is to pace yourself. If so, set goals to teach other strategies, say every 3 months. If waiting on no newbie questions, then you will always be at there mercy. If they do not want to read 3000 posts they will definately not read 5000. My trading is a business I take it serious; therefore, I am selective as to what I allow to affect it. I would like to continue learning your method and contribute more...but I also have a business to run, a family to care for (now even larger) and a lifestyle to live.
Invest in Life
  • #3,094
  • Oct 1, 2019 1:13pm Oct 1, 2019 1:13pm
Quoting Mundo
Been back home for 2 weeks. Been busy getting girls back to school and fyi our vacation was not just that. We had to go to my wife's hometown because she had a high risk pregnancy. We decided to have the baby born there for medical reasons and her family could assist in caring for both baby and mom. Aside from a small scare and a few extra days in hospital both my wife and baby are well. I have read through thread every chance I get (can't understand why some folks don't do same). Disappointed thread still stuck on basics. I trade a profitable method...
strangely i agree with you, i've been using this system & found it very profitable but i am intrigued to learn more on this strat for sure so thumbs up from me @BTM
  • #3,095
  • Oct 1, 2019 1:15pm Oct 1, 2019 1:15pm
Quoting Mundo
Been back home for 2 weeks. Been busy getting girls back to school and fyi our vacation was not just that.a We had to go to my wife's hometown because she had a high risk pregnancy. We decided to have the baby born there for medical reasons and her family could assist in caring for both baby and mom. Aside from a small scare and a few extra days in hospital both my wife and baby are well. I have read through thread every chance I get (can't understand why some folks don't do same). Disappointed thread still stuck on basics. I trade a profitable...
A lot of us are waiting for further strategy ideas from BTM. I hope he decides to proceed soon.
Anything above the line is an uptrend, below the line is a downtrend.
  • #3,096
  • Oct 1, 2019 1:21pm Oct 1, 2019 1:21pm
What i see here in ff in all threds member sufer from undercapitalization and these makes them to jump like a shrimps from thred to thred.... to decide for a strategy if she is profitable or not at last i think a person need's to make 300 trades!
  • #3,097
  • Oct 1, 2019 2:12pm Oct 1, 2019 2:12pm
Quoting DrDave
{quote} That is an interesting idea to put SL outside of the bands; very little chance to be hit. Of course people that are ruled by R:R could never adopt such a strategy.
unlucky......
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 52 KB
  • #3,098
  • Oct 1, 2019 2:30pm Oct 1, 2019 2:30pm
This thread is remarkably similar to FXCyborg's threads! Hmmmm
  • #3,099
  • Oct 1, 2019 2:45pm Oct 1, 2019 2:45pm
Quoting M.Propper
{quote} unlucky...... {image}
Only partly bad luck.

Before your sell entry, there is a high bar with a big spike up. That is a warning that the big boyz are "playing" with that area, so you need to put your SL well away from there.

On the day you entered, price was going your way until it reached the pivot. By the following day, the new pivots are all higher, but the SL was only at the level of that spike from the previous day. And you see how many bars went there or very close to there as the big boyz "played" there. If you would have put your stop ABOVE the band, you would have recovered and even made it to TP2 that was below the lower band.

If you are an R:R zealot, would placing the SL that far away have been too much for you to accept?
To free Gazans of Hamas, use whatever it takes.
  • #3,100
  • Oct 1, 2019 3:11pm Oct 1, 2019 3:11pm
Quoting DrDave
{quote} Only partly bad luck. Before your sell entry, there is a high bar with a big spike up. That is a warning that the big boyz are "playing" with that area, so you need to put your SL well away from there. On the day you entered, price was going your way until it reached the pivot. By the following day, the new pivots are all higher, but the SL was only at the level of that spike from the previous day. And you see how many bars went there or very close to there as the big boyz "played" there. If you would have put your stop ABOVE the band, you...
you're right. I should not have missed the spike. A sell limit on the upper band and the SL on the R2 would have been acceptable to me. (No R: R zealot)
0 traders viewing now