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No nonsense Forex - VP

  • #21
  • Feb 12, 2020 11:18am Feb 12, 2020 11:18am
Quoting chi-take
If anyone interested, go to discord forum. Here is a link. Valid next 24 hrs. Very active and positive discussions and practices going on. https://discord.gg/eaghRF

Well, he just posted his last podcast and never charged a penny for anything... Sooo...
  • #22
  • Feb 12, 2020 12:39pm Feb 12, 2020 12:39pm
The no nonsense guy who appears to have a knack for leaving people guessing. He tells you all about the things he thinks are useless but doesn't offer any concrete solutions. Don't waste your time with this guy.
Learn from your mistakes and march on.
  • #23
  • Feb 19, 2020 1:35am Feb 19, 2020 1:35am
Yea and if you dont agree with them or have some qustions , they dont answer them and they are angry why you asking that thing, and then boom out of the group, very nice community, why hiding things and why not posting something like ressults from real traiding real indi and something like that and not to be angry why asking ........its a big scam for makeing youtube money and prop firm evaluatiopn money
  • #24
  • Feb 19, 2020 7:42am Feb 19, 2020 7:42am
Quoting Brle110
Yea and if you dont agree with them or have some qustions , they dont answer them and they are angry why you asking that thing, and then boom out of the group, very nice community, why hiding things and why not posting something like ressults from real traiding real indi and something like that and not to be angry why asking ........its a big scam for makeing youtube money and prop firm evaluatiopn money
I also believe it is more about revenue gained from views on Youtube than anything else.

I have never seen this guy post a single live trade. That's not to say it's a scam. I wouldn't call it that. It could be that by showing a live trade in action he will have to expose his trading setup, which means people will see his combination of indicators. Since he doesn't want us to know what that is, it makes sense that he would conceal it.

But then that leads me to think what is the point? It's like he is saying, "I have a better way to trade but I am not going to tell you what it is. I will give you hints along the way and maybe you will be smart enough to figure it out." That's quite selfish if you ask me. It would be better not to say anything at all with an attitude like that. It's like giving people the impression of being helpful while being useless, like pretending to work while doing little or nothing to earn the paycheck. This leads me to believe it is about the Youtube views.

This guy gets far more attention than he deserves in my opinion. There are people out there who share far more useful information but get far less attention.

It could also be possible that the strategy isn't as good as he wants everyone to believe.
Learn from your mistakes and march on.
  • #25
  • Feb 28, 2020 3:42pm Feb 28, 2020 3:42pm
There are countless potential trading strategies. VP states at the very beginning that his method suits him - 20 minutes a day on the charts, basically set and forget, the rest of the day to do as you please.

The NNFX foundations of money management (risk and trade) are key. He encourages creativity. Guided by his pointers I've built a few algos (all with varying degrees of success), yet the composition of my latest algo is very different to the parts he specifies. I've also slightly tweeked his trade management strategy. So, I'm happy to have found his channel, and, rather that watching the charts all day I can spend time developing and testing different trading strategies, and, exploring alternative revenue streams.

Thanks VP
  • #26
  • Feb 28, 2020 5:56pm Feb 28, 2020 5:56pm
Quoting butama
There are countless potential trading strategies. VP states at the very beginning that his method suits him - 20 minutes a day on the charts, basically set and forget, the rest of the day to do as you please.
You believe that?

Have you ever seen him do a live trade? How can you verify his method works without seeing it in action on a live account?

This is the problem with people like VP. They talk a good talk, but they don't show you REAL results.

The question you should be asking is, Why?

Frankly, I don't believe the guy is a consistently profitable trader. He hasn't given me any reason to believe him.
Learn from your mistakes and march on.
  • #27
  • Feb 28, 2020 6:29pm Feb 28, 2020 6:29pm
I believe it because I'm doing it.

It's easy, set up your charts with your algo, check the upcoming relevant news, manage open trades, flick through the rest before close of the daily candle, open signalled trades, apply targets and stops, done.

I've not paid the man a cent, the only thing it has cost me is time and effort. I have my own results. I'm happy. That's all I have to say. Good luck.
  • #28
  • Feb 28, 2020 7:01pm Feb 28, 2020 7:01pm
Quoting butama
I believe it because I'm doing it. .
You are following your own strategy. Not his. You've gotten inspiration from him. But it's not his strategy you are using. It's yours.

And your strategy might actually be better than his. But we will never know, because he keeps his algo hidden.

I want to see his strategy play out on a live chart. For that matter, how about showing us yours?

I have been trading long enough to know there is no holy grail when it comes to trading. Markets change over time. That algo you have working for you today might not work next year or even next month for that matter.

That's why it is not good to have a system built on indicators. It's better to learn how to trade successfully without them. This takes a lot of time, education, and experience. It's not something you can throw together in a month or two.
Learn from your mistakes and march on.
  • #29
  • Mar 21, 2020 4:12am Mar 21, 2020 4:12am
I have been trading for a while and I feel that this guy has given me a lot of different ideas. He will not give you the indicators he uses because he feels that one should put in all the work. i used to use price action, trendlines, fibs etc. and he shined some light on an easier way to trade because to be honest I really don't know where price is going and there are times were I have seen price turn to a direction that was unexpected. No nonsense forex seems to me like a way to react to market moves. ATR is the only indicator that he gave up and I agree with that method. Sometimes, you get stopped out way too early and the ATR can help you prevent that. Volume is very important because if you don't pay attention, you can receive false signals. Paying attention to Trend indicators, confirmation indicator, another confirmation indicator, baseline, ATR, volume really makes it easier, than analyzing price action, where I spent most of my time doing. I used to draw harmonics myself because there are very strict rules. I have switched to his way because it allows me to look at all 27-28 pairs quicker. His way allowed me to be selective, effieciently. Sure, there are things that I took and made my own but I am thankful to have found that guy. I was one of the hard head ones that needed to retrain. Dude could not stress how important money management was. For me that is most important. if you have 1000 dollars, you are not going to take a 1.0 lot or even a .10. I mean you could but that could blow your account because there is no way to win all your trades. soon or later you will suffer a lost. this is not advice. this is from experience. Overall, I like dude. He is a no flash dude with girls and rented cars. He judges his view from his own experience and I appreciate that.
  • #30
  • Mar 21, 2020 11:38am Mar 21, 2020 11:38am
Quoting Nvp
hey Gang .... I started this new thread here in commercial - as i was not permitted on the discussion channel (talking to mods on that) anyway just wanted to flag up an interesting newish kid on the Block who goes by the name of VP (no its not me, i'm NVP).... Patrick trades out of Las Vegas Nevada and has created a Free Blog / Website / Podcast series and youtube channel he has created quite a stir in the last year or so and accumulated thousands of followers He has openly challenged many myths about the Forex market trying to assist traders to...
I was really digging VP until I got to the "Scaling Out" video where he indicated if I was really good, busted my ass, studied hard and developed "great" indicators I could MAYBE get a 15% annual ROR. Ouch. Stopped me dead in my tracks. If I have a $50k account (about right in my personal case) I'm supposed to do all of this for $7500 a year?????? F**k that.

Somehow it got past me up to this point that he is talking about trading other people's money, not his own. I'm sure if you could scale up and trade multiple "other people's money" accounts AND the system worked to generate a 15% return for those "other people" you'd be well rewarded.

For my own part - I'm out.
  • #31
  • Mar 21, 2020 1:19pm Mar 21, 2020 1:19pm
VP only trades the DAILY timeframe so his returns will be modest annually ....he will not drop down as is very sceptical of lower TF comparisons
verses the daily TF's consistency

I trade low Timeframes ...I do find it a little less efficient in returns than dailies but I am happy to absorb this due to the exponential number of trades i can make

There are 1440 1 min bars to every Daily bar ! ....thats a whole lot more trades going on !!

N
  • #32
  • Mar 21, 2020 1:21pm Mar 21, 2020 1:21pm
Quoting benlee
I have been trading for a while and I feel that this guy has given me a lot of different ideas. He will not give you the indicators he uses because he feels that one should put in all the work. i used to use price action, trendlines, fibs etc. and he shined some light on an easier way to trade because to be honest I really don't know where price is going and there are times were I have seen price turn to a direction that was unexpected. No nonsense forex seems to me like a way to react to market moves. ATR is the only indicator that he gave up and...

agreed - Patrick comes across as very level headed ...unlike most idiots out there with fake rolexes, cars and planes ....
  • #33
  • Mar 21, 2020 1:59pm Mar 21, 2020 1:59pm
Quoting Nvp
{quote} agreed - Patrick comes across as very level headed ...unlike most idiots out there with fake rolexes, cars and planes ....

Don't get me wrong - super smart well spoken guy. Thoroughly like his stuff and in fact passed on some of his "life lesson" blogs to my adult children for study. My kids wouldn't have the slightest interest in Forex.

Just saying, for me, the 15% return thing given the time and work involved - essentially a full time job - really left me flat. I'm at the point where I'm looking for fewer jobs, not more.

If my situation were different and I was a younger man I would highly recommend VP over the other crap you see out there.
  • #34
  • Mar 21, 2020 8:12pm Mar 21, 2020 8:12pm
Here's some trading results from 17/02/2020
Attached Image (click to enlarge)
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Attached Image
  • #35
  • Mar 31, 2020 5:43am Mar 31, 2020 5:43am
Hi Butama.

I follow No Nonsense Forex, but I am finding it hard to find good indicators to complete the Algorithm.

I have the ATR and understand the 1.5 Ratio.

I have done the Risk Video and understand the 2% Risk and have learned how to calculate it and understand limiting Exposure on the same currency.

I have found nothing better than SSL channel Indicator and use Hull Moving Average as a confirmation indicator which I found MQL5. Although Hull Moving Average often indicates entry before SSL Channel Indicator.

Basically I am fed up looking and looking and looking.

Could you please tell me what Piece No 2 is in VP's Algorithm?

Could you please recommend a good volume indicator?

Could you please recommend a good Exit indicator, I thought I had found one in MQL5 called " PriceChannel Parabolic system" but it is only for MT5, I have contacted the developer Sergey to see if there is an MT4 version and await a response.

Any help appreciated.

Regards,


Trade Rancher
  • #36
  • Apr 9, 2020 4:54pm Apr 9, 2020 4:54pm
Hi Guys,

I like VP's candor. Especially compared to the slick offerings teasing ridiculous returns, for little risk or toil, with their trading systems.

If so many retail FOREX traders lose money why do it? A $100,000 trading account earning 20% seems like more work than it's worth. What am I missing? What percentage of retail traders earn enough to replace large annual salaries ($300,000-$600,000)?

Thanks,

B
  • #37
  • Apr 17, 2020 3:18am Apr 17, 2020 3:18am
Anoher one here on the NNFX way.
Actually I came here to check if there was some dedicated forum to share ideas, indicators backtest etc.

I know and I am registered to the discord group. The problem with discord is that it is too chaotic, almost impossible to find what you want or follow a conversation..

Is there any NNFX "regular" forum that you guys know besides "discord"?
  • #38
  • Apr 17, 2020 4:03am Apr 17, 2020 4:03am
Quoting CoinHunter
Anoher one here on the NNFX way. Actually I came here to check if there was some dedicated forum to share ideas, indicators backtest etc. I know and I am registered to the discord group. The problem with discord is that it is too chaotic, almost impossible to find what you want or follow a conversation.. Is there any NNFX "regular" forum that you guys know besides "discord"?
Have you tried the telegram group channel?
https://t.me/joinchat/IXvSfhNnNQ1kJr39oSs56g
  • #39
  • Apr 17, 2020 4:14am Apr 17, 2020 4:14am
Quoting ppwest
{quote} Have you tried the telegram group channel? https://t.me/joinchat/IXvSfhNnNQ1kJr39oSs56g
thank you. No I haven't. Actually I do not use Telegram so I don't know how it is structured. Is it like whatsapp? I mean.. a string of conversations? or is it more organized?
  • #40
  • Apr 17, 2020 4:18am Apr 17, 2020 4:18am
Quoting CoinHunter
{quote} thank you. No I haven't. Actually I do not use Telegram so I don't know how it is structured. Is it like whatsapp? I mean.. a string of conversations? or is it more organized?
A string of conversations....see attached screenshot.
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