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  • Post #3,201
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  • Oct 4, 2019 7:21am Oct 4, 2019 7:21am
  •  leweg1
  • Joined Aug 2016 | Status: Elite Member | 493 Posts
Quoting lddd
Disliked
{quote} That is bullshit. Shall I have risked running it 50 pips in profit just to „almost“ hit the TP1 and then it retraces back for what ever reason while I am sleeping and hitting my SL? I also did not wait for TP here now. I just woke up and saw price struggling to travel any much further south for the moment. Now it’s friday and from my own experience trading on Friday’s always sucked to me so I closed the trade manually, also I don’t like to hold trades open over the weekend and for sure not if trading M15 that would be just plain stupid.
Ignored
Good for you mate carry on what your doing, its clearly working
 
 
  • Post #3,202
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  • Oct 4, 2019 7:49am Oct 4, 2019 7:49am
  •  lddd
  • Joined May 2009 | Status: It Was All A Dream! | 3,129 Posts
Quoting leweg1
Disliked
{quote} Good for you mate carry on what your doing, its clearly working
Ignored
Well it did hit TP1 now so you should have booked profits too. I was out 30 minutes earlier for 45 pips.

I would not say something is working for me while not taken at least a hundreds of trades for M15, more like a 500+ trades over at least 1 year trading with real money.

That has been only my trade number 6 for 4 weeks now with the BTM and I won 4 of it, so i am profitable and could take the vote but it would be worth nothing and only fooling people, also I would not say I ended up profitable after those few trades mainly due to the signals, more like because I used my own brain and looked at what price is doing any time I monitored my opened trades.
 
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  • Post #3,203
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  • Oct 4, 2019 9:49am Oct 4, 2019 9:49am
  •  forexcentric
  • | Joined Aug 2008 | Status: Member | 165 Posts
Hey all,

I want to show you some counter-trend scenarios using this system ( and a couple of SMAs for short-term assessing ). These kind of situations appear quite often and are profitable ... They all have in common that the price reached the region outside bands, some sort of evidence of consuming yesterday's R1/S1 orderflow and a clear game on today's PP. These three conditions seems to be almost always checked before taking off ...
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  • Post #3,204
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  • Oct 4, 2019 10:29am Oct 4, 2019 10:29am
  •  Loqito
  • | Joined Jun 2018 | Status: Member | 167 Posts
Ended this week with only 3 trades (1 TP2, 1SL, 1BE), 20 pips profit. I consider this week result to be good for me, personally.
 
2
  • Post #3,205
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  • Oct 4, 2019 11:22am Oct 4, 2019 11:22am
  •  DrDave
  • Joined Jun 2011 | Status: Member | 8,421 Posts
Quoting forexcentric
Disliked
Hey all, I want to show you some counter-trend scenarios using this system ( and a couple of SMAs for short-term assessing ). These kind of situations appear quite often and are profitable ... They all have in common that the price reached the region outside bands, some sort of evidence of consuming yesterday's R1/S1 orderflow and a clear game on today's PP. These three conditions seems to be almost always checked before taking off ... {image} {image}
Ignored
That is not reliable. You must look at the higher timeframes and determine if there is a chart "overdue" to reverse. In this case, D1 is very overdue to go up. And before D1 can reverse, M15 will have to reverse.

Also, notice the VERY extended really narrow sideways channel on M15. We don't know when price will break out of that channel, but when it does, you can already have an expectation (NOT A PREDICTION!) that price will go up based on the knowledge that D1 is overdue to go up.

You can see that at this moment, CADJPY is going back down. Are you worried now that the up direction is wrong? Wait for the down movement to end. If it can stay above the last swing low, thereby making a higher low, then it is just a retracement to the up move, and there will be a continuation swing up.
The markets are speaking to you. Do you know their language? I M T
 
2
  • Post #3,206
  • Quote
  • Oct 4, 2019 1:17pm Oct 4, 2019 1:17pm
  •  Metac
  • | Joined Jul 2017 | Status: Member | 105 Posts
hi Ah-Ong, GBPCHF arrow is buy signal but your indicator send tp1 is outside band. this is true but we can set pp line as take profit, can't we?
 
 
  • Post #3,207
  • Quote
  • Edited Oct 5, 2019 2:43am Oct 4, 2019 11:48pm | Edited Oct 5, 2019 2:43am
  •  brenopinto
  • | Joined Oct 2018 | Status: Member | 25 Posts
Quoting forexcentric
Disliked
Hey all, I want to show you some counter-trend scenarios using this system ( and a couple of SMAs for short-term assessing ). These kind of situations appear quite often and are profitable ... They all have in common that the price reached the region outside bands, some sort of evidence of consuming yesterday's R1/S1 orderflow and a clear game on today's PP. These three conditions seems to be almost always checked before taking off ... {image} {image}
Ignored
This is funny that you talk about this because it's how I used the system last week and I made a nice 48% on a Real $1000 account !

But with those elements it's not enough.

I have the D indicator related to 3 TF on my chart:
=> H1
=> H4
=> D1

On H4 & D1 I added the middle line.

This way I can clearly see the context, meaning where the price is located and if the probabilities are in my favor.

I did put in pink my entry zone in the image
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  • Post #3,208
  • Quote
  • Oct 4, 2019 11:53pm Oct 4, 2019 11:53pm
  •  brenopinto
  • | Joined Oct 2018 | Status: Member | 25 Posts
Quoting failinforex
Disliked
{quote} Cycle within cycle {image}
Ignored
Good one Same here
May I ask how you did add the"skull" signal?
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  • Post #3,209
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  • Oct 5, 2019 12:21am Oct 5, 2019 12:21am
  •  brenopinto
  • | Joined Oct 2018 | Status: Member | 25 Posts
Quoting DrDave
Disliked
{quote} Yes, to simply start coding the EA, it is enough to read post #1. You are too hung-up on creating a "smart" EA. The initial EA can be extremely simple and mostly dumb. The dashboard is already a not-so-smart EA. You don't need anyone else's opinion on how they understand the rules to code the EA! YOU select what YOU want to use for rules and parameters based on what you read in post #1. If you want to consider what others say, or consult astrological planetary alignments, or flip a coin to decide between various options, that is up to you....
Ignored
I agree that very nice EA's could be build on this system.
So gar only had good experience with it.

I really love this D indicator,
Wish I could know what it's real name or at least how the calculation is made
 
 
  • Post #3,210
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  • Oct 5, 2019 12:26am Oct 5, 2019 12:26am
  •  brenopinto
  • | Joined Oct 2018 | Status: Member | 25 Posts
Quoting BTM
Disliked
{quote} congratulation for your new baby. remember to post his/her photo here. its our thread baby , im so excited as you mentioned we are still stuck in basic tutorials .some here has still a problem with the dashboard . i agree with you guys, i will go forward. everyone listen carefully, please ask all of you questions about what i taught since now and fix it. 31 October i will start correction trading (section 2) . this method has 2 kinds of trading 1- divided full margin 2- full margin . Yes we trade with full margin...
Ignored
When do you think you will start Session 2 ?

Thank you very much for your system (even if I use more as a method than a system), I only had success with it since I discovered it a few weeks back.
 
 
  • Post #3,211
  • Quote
  • Oct 5, 2019 1:41am Oct 5, 2019 1:41am
  •  Mapseam
  • Joined Mar 2015 | Status: Member | 99 Posts
Quoting brenopinto
Disliked
{quote} This is funny that you talk about this because it's how I use the system last week and I made a nice 48% on a Real $1000 account ! But with those elements it's not enough. I have the D indicator related to 3 TF on my chart: => H1 => H4 => D1 On H4 & D1 I added the middle line. This way I can clearly see the context, meaning where the price is located and if the probabilities are in my favor. I did put in pink my entry zone in the image {image}
Ignored
If you enter somewhere in the pink rectangle, then you enter the deal first and last AGAINST the trend.
You enter there, because the price of one of the candles is lower than ALL 3 lower bounds?
 
 
  • Post #3,212
  • Quote
  • Oct 5, 2019 2:38am Oct 5, 2019 2:38am
  •  brenopinto
  • | Joined Oct 2018 | Status: Member | 25 Posts
Quoting Mapseam
Disliked
{quote} If you enter somewhere in the pink rectangle, then you enter the deal first and last AGAINST the trend. You enter there, because the price of one of the candles is lower than ALL 3 lower bounds?
Ignored
Yes this is correct, but of course you have to do it with caution.

Small lot size and you increase the number of positions while it confirms more and more.

This is not the original way to use it in the BTM strategy, I just thought it could be useful to the community to see that there are various possibilities within the system.
 
4
  • Post #3,213
  • Quote
  • Oct 5, 2019 3:28am Oct 5, 2019 3:28am
  •  lemur6666
  • | Joined Jan 2017 | Status: Member | 41 Posts
No matter what timeframe you are in, If you try countertrend you are going to get whipsawed unless you are prepare to keep buing (averaging down). And this can be fatal.

Real life example (GOLD) 15M. Green bands is 10Period TriMA (TMA+CGMladen) on 240min timeframe, bands at 2,5x.
Same Results for H1 if you want to check it.'
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  • Post #3,214
  • Quote
  • Oct 5, 2019 4:12am Oct 5, 2019 4:12am
  •  DrDave
  • Joined Jun 2011 | Status: Member | 8,421 Posts
Quoting lemur6666
Disliked
No matter what timeframe you are in, If you try countertrend you are going to get whipsawed unless you are prepare to keep buing (averaging down). And this can be fatal. Real life example (GOLD) 15M. Green bands is 10Period TriMA (TMA+CGMladen) on 240min timeframe, bands at 2,5x. Same Results for H1 if you want to check it.' {image}
Ignored
I think you are going into an advanced topic that is premature to discuss. BTM will move beyond the basics very soon. Then perhaps this discussion will be relevant to the new information.
The markets are speaking to you. Do you know their language? I M T
 
 
  • Post #3,215
  • Quote
  • Oct 5, 2019 5:37am Oct 5, 2019 5:37am
  •  lemur6666
  • | Joined Jan 2017 | Status: Member | 41 Posts
Quoting DrDave
Disliked
{quote} I think you are going into an advanced topic that is premature to discuss. BTM will move beyond the basics very soon. Then perhaps this discussion will be relevant to the new information.
Ignored
I am just saying that BTM system is fine as it is. If you are trying to using it differnetly that waht Post #1 says - it is your choice.
I don't think it has anything to do with improving it. In other words you use spoon for planting flowers but it has nothing to do with spoon's initial purpose.

Speaking of imrovements fro BTM, here is an expamle of improvement. Enclosed you can find TMA+CG Mladen that will paint colors
depending on if any of both bands is risig. I used period of 20 nad 2,5 mutiplierfor bands.
Its main advantage is - it will tell you straight away what the trend is. Beware though it is being painted in flight = wait for close of 4H candle.
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File Type: ex4 TMA+CG mladen COLOR.ex4   36 KB | 169 downloads
 
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  • Post #3,216
  • Quote
  • Oct 5, 2019 5:44am Oct 5, 2019 5:44am
  •  BTM
  • | Additional Username | Joined Jul 2019 | 577 Posts
lemur6666 (https://www.forexfactory.com/lemur6666)and brenopinto (https://www.forexfactory.com/brenopinto)

i strongly suggest you to DO NOT trade like what you described by photo .you can not predict market rotation or changing trend by D indicator and trading reversal, or any other indicator. we use D indicator to catch the main trend and grab a part of waves,that's all .

the reversal trading is very very dangerous, because you are challenging against billion and billions of dollars with hundreds of dollars.

as i told before about D indicator,it will try to collect candles inside itself like Bollinger bands,so when you see price goes out of D indicator's band,there will be 2 scenarios :
1- price continues to move outside,then D indicator will be wider and collect all candles inside,and you see there wasn't any candle outside.
2- candles will get back inside

that's why reversal trading based on D indicator is very dangerous.
but how we can trade reversal by beat the market strategy and be 100% sure that we make a profit in reversal? section 2 will be released 31 October,stay tuned.
 
12
  • Post #3,217
  • Quote
  • Oct 5, 2019 5:46am Oct 5, 2019 5:46am
  •  BTM
  • | Additional Username | Joined Jul 2019 | 577 Posts
Quoting lemur6666
Disliked
{quote} I am just saying that BTM system is fine as it is. If you are trying to using it differnetly that waht Post #1 says - it is your choice. I don't think it has anything to do with improving it. In other words you use spoon for planting flowers but it has nothing to do with spoon's initial purpose. Speaking of imrovements fro BTM, here is an expamle of improvement. Enclosed you can find TMA+CG Mladen that will paint colors depending on if any of both bands is risig. I used period of 20 nad 2,5 mutiplierfor bands. Its main advantage is - it...
Ignored
calculation of real time and what you see in the back is different,thats why there are a lot of variety of tma.
 
 
  • Post #3,218
  • Quote
  • Oct 5, 2019 5:49am Oct 5, 2019 5:49am
  •  brenopinto
  • | Joined Oct 2018 | Status: Member | 25 Posts
Quoting lemur6666
Disliked
No matter what timeframe you are in, If you try countertrend you are going to get whipsawed unless you are prepare to keep buing (averaging down). And this can be fatal. Real life example (GOLD) 15M. Green bands is 10Period TriMA (TMA+CGMladen) on 240min timeframe, bands at 2,5x. Same Results for H1 if you want to check it.' {image}
Ignored
Agreed.

You need to have other elements to take your decision but it also depends of you account size and you lot sizes.

Averaging can be difficult except if you have some strong rules that you respect.
 
 
  • Post #3,219
  • Quote
  • Oct 5, 2019 5:52am Oct 5, 2019 5:52am
  •  brenopinto
  • | Joined Oct 2018 | Status: Member | 25 Posts
Quoting BTM
Disliked
lemur6666 (https://www.forexfactory.com/lemur6666)and brenopinto (https://www.forexfactory.com/brenopinto) i strongly suggest you to DO NOT trade like what you described by photo .you can not predict market rotation or changing trend by D indicator and trading reversal, or any other indicator. we use D indicator to catch the main trend and grab a part of waves,that's all . the reversal trading is very very dangerous, because you are challenging against billion and billions of dollars with hundreds of dollars. as i told before...
Ignored
Ok understood.
Can't wait for 31th of October then
 
1
  • Post #3,220
  • Quote
  • Oct 5, 2019 5:59am Oct 5, 2019 5:59am
  •  BTM
  • | Additional Username | Joined Jul 2019 | 577 Posts
Quoting lemur6666
Disliked
No matter what timeframe you are in, If you try countertrend you are going to get whipsawed unless you are prepare to keep buing (averaging down). And this can be fatal. Real life example (GOLD) 15M. Green bands is 10Period TriMA (TMA+CGMladen) on 240min timeframe, bands at 2,5x. Same Results for H1 if you want to check it.' {image}
Ignored
i think with this photo i can explain more clearly why we can not predict market future moves and why we should use D indicator only to catch the main trend .


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as you can see,if market moved bearish again,that upside moves was only a correction and you could be in a huge loss,the reversal trading need 2 keys : 1- when to open a trade that you are sure you wont lose money 2- when correction moves will end
 
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