To be successful... cut out the noise | Page 9 | Forex Factory

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To be successful... cut out the noise

  • #161
  • Jan 13, 2020 11:14pm Jan 13, 2020 11:14pm
Quoting The-Flipper
If you know how to filter out the noise (ability, method), then you're really a giant step ahead of the competition. I'm speaking from experience.
Hoping for no noise trading is a fantasy. Trading htf doesn't remove the noise that's a fallacy, it just means trading htf noise that's longer amplitude for traders who wish to slow the noise down. Filtering out the noise is only achieved by those who sees and understands the noise no matter the tf - the trader has to see and recognise it first before the filtering process is possible.
Know what you trade
  • #162
  • Jan 13, 2020 11:15pm Jan 13, 2020 11:15pm
Here's a video on what I think it takes to be a profitable trader:

Inserted Video
instagram: stepbystepforex
  • #163
  • Jan 20, 2020 10:43am Jan 20, 2020 10:43am
word of advice: get your skin in the game!
also, those who make a killing won't waste their time on FF, so trust yourself only.
market is a device for transferring money from the impatient to the patient
  • #164
  • Jan 22, 2020 3:27pm Jan 22, 2020 3:27pm
Quoting bs4
word of advice: get your skin in the game! also, those who make a killing won't waste their time on FF, so trust yourself only.
Ahhh... and there lies the truth! :-)
  • #165
  • Jan 24, 2020 1:53am Jan 24, 2020 1:53am
Quoting bs4
I agree with the statement. I started to profit when my strategy became simple, to a point where I could explain to a five year old.
This proves that for earning high, its not necessary to have over complex strategies. Going simple works better.
  • #166
  • Jan 27, 2020 9:56am Jan 27, 2020 9:56am
Hi J12

Would you be able to give us some insight as to what things you look for/how you base your trades? Are you trading from weekly bars always?

Any help would be greatly appreciated!
  • #167
  • Feb 5, 2020 4:38am Feb 5, 2020 4:38am
Quoting Tim78
{quote} This proves that for earning high, its not necessary to have over complex strategies. Going simple works better.
Simple for me also means that I am less likely to over-think and override my trading strategy.
  • #168
  • Feb 5, 2020 8:06am Feb 5, 2020 8:06am
Hi sorry I have been quite for a while, just been busy with work. I am out of a few trades I had open, Jan is usually a quite month. However Feb is up & running

2.4%+
113+ Pips


I'm happy with this...Will look for new opportunities this evening if I have some spare time...


J
J12
  • #169
  • Feb 5, 2020 8:07am Feb 5, 2020 8:07am
Quoting Nik
Hi J12 Would you be able to give us some insight as to what things you look for/how you base your trades? Are you trading from weekly bars always? Any help would be greatly appreciated!

Hi Nik if you look back on some of my other posts you can see how I place trades etc...
J12
  • #170
  • Feb 5, 2020 8:08am Feb 5, 2020 8:08am
Quoting Tim78
{quote} This proves that for earning high, its not necessary to have over complex strategies. Going simple works better.
Always, in my case anyway Tim


J
J12
  • #171
  • Feb 5, 2020 8:10am Feb 5, 2020 8:10am
Quoting BWilliam
{quote} Hoping for no noise trading is a fantasy. Trading htf doesn't remove the noise that's a fallacy, it just means trading htf noise that's longer amplitude for traders who wish to slow the noise down. Filtering out the noise is only achieved by those who sees and understands the noise no matter the tf - the trader has to see and recognise it first before the filtering process is possible.

Sure bro...
J12
  • #172
  • Feb 5, 2020 8:11am Feb 5, 2020 8:11am
Quoting The-Flipper
If you know how to filter out the noise (ability, method), then you're really a giant step ahead of the competition. I'm speaking from experience.
100% agree with this statement...
J12
  • #173
  • Feb 5, 2020 8:51am Feb 5, 2020 8:51am
Not sure if it was an accident but you have your balance public now.
I remember it was hidden before.
market is a device for transferring money from the impatient to the patient
  • #174
  • Feb 8, 2020 7:08am Feb 8, 2020 7:08am
I m only deal in usdx, us500, eurusd.
because my system can only analyze these reliably.
h1-h4
I'm happy with it.
I think everyone has their own source material.
  • #175
  • Feb 10, 2020 1:31am Feb 10, 2020 1:31am
Quoting Tim78
{quote} This proves that for earning high, its not necessary to have over complex strategies. Going simple works better.
That's true. Traders often have a mindset where they think over strategizing and planning can bring them good results, but at times simple trades turn out to be more benefiting in reality. It all depends on what the market situation is.
  • #176
  • Feb 11, 2020 10:23am Feb 11, 2020 10:23am
Quoting Tim01
{quote} That's true. Traders often have a mindset where they think over strategizing and planning can bring them good results, but at times simple trades turn out to be more benefiting in reality. It all depends on what the market situation is.
This is true, and this is why some highly intellect people who are in the academia often fail at trading.
There is no answer, the only answer is to taming yourself.
market is a device for transferring money from the impatient to the patient
  • #177
  • Feb 11, 2020 3:20pm Feb 11, 2020 3:20pm
It is good to see someone who caught on to the power of Magnitude and then uses it in their trading.

Swing Trading or Position Trading, though it has an extended event horizon for profit, can be a very effective way to trade for those with extended expectations for taking profit. However, if you get the Direction wrong and you don't use a stop, or you don't shift in directional bias by taking a smaller loss before moving in the opposite direction, losses will eventually mount up. It really depends on how long one wishes to sit and wait for profits and how much risk tolerance one can sustain if/when a large Magnitude trades starts to go against you.

Of course, gearing down lot size to the point of being just a little bit more profitable than a government issued security, defeats the purpose of growth of capital in absolute dollar value terms with a higher rate of speed. Yet, combining slow absolute dollar terms growth with extremely low position sizing inherently reduces risk naturally. The double edge sword of that fact being an equally slower rate of growth of absolute capital, despite higher returns ratios.

For these reasons, real capital growth is differentiated (different than) from net ROR. Ergo, it is possible to have an extremely high rate of return coupled to extremely slow rate of real equity growth. However, from a purely "trading" standpoint, cutting the noise, especially for the New Trader, is a fabulous way to learn about the market concept of Magnitude and why it is so important to Trading overall.
  • #178
  • Feb 11, 2020 10:45pm Feb 11, 2020 10:45pm
Quoting JetTrader
It is good to see someone who caught on to the power of Magnitude and then uses it in their trading. Swing Trading or Position Trading, though it has an extended event horizon for profit, can be a very effective way to trade for those with extended expectations for taking profit. However, if you get the Direction wrong and you don't use a stop, or you don't shift in directional bias by taking a smaller loss before moving in the opposite direction, losses will eventually mount up. It really depends on how long one wishes to sit and wait for profits...
Hey good post, what on your view is a slower rate of growth compared to a higher rate of growth?
J12
  • #179
  • Feb 14, 2020 7:39am Feb 14, 2020 7:39am
So I have put my trade explorer live again, closed a few trades I had open

1.6%+
108+ Pips

Can't complain leave me at 4.1%+ for the month target is between 3.5% to 4%+

interesting.....
J12
  • #180
  • Feb 14, 2020 7:45am Feb 14, 2020 7:45am
Quoting rafael5643
Here's a video on what I think it takes to be a profitable trader: https://www.youtube.com/watch?v=F1MG0dPFqwk
Hey,
Are you following this advice?

J
J12
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