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Justin's Playground

  • #2,621
  • Aug 13, 2020 6:02pm Aug 13, 2020 6:02pm
Quoting Hutch
{quote} You're not a cheapskate you're economical and don't buy the latest gadget to show off. I'm like you this is why I trade with an Alienware 19 that is 7 years old and it's still faster than most new laptops and PCs. The only new thing that I have is the latest Samsung tablet. I never bought anything from Apple because their products are not better than those of other brands and the profit margin is about 66% and I call this milking the unsuspected customers. Not a bad performance for a 7 years old laptop {image}
I am a life time M$ hater. Since I had a really bad experience with Windows10 and Dell products, I have decided to buy only Apple products. One thing I don't like is entry level Mac is usually much slower than similar level Windows PC. It can be quite expensive if I want to buy fast enough Mac....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,622
  • Aug 13, 2020 6:57pm Aug 13, 2020 6:57pm
Reverse engineering other people's edges

https://www.elitetrader.com/et/threa...rategy.346923/

I also believe if you provide a list of your trading entry/exit history, people can reverse engineer and expose your edge. Someone in your broker can attempt to steal your edge. Some paranoic people put some fake trades as noise to prevent this... believe or not.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,623
  • Aug 13, 2020 7:28pm Aug 13, 2020 7:28pm
I think I like RJ's 15M trading. It took me really only 10 mins to understand and decode his strategy. His strategy doesn't work well during low volatile days like this week however. Also, I saw several silly tradings. It seems he doesn't care about 50 and 200 EMA of major TFs, which is a major mistake I think. Anyway, I am trying to copy his strategy to my /NG scalping. I am wondering why he ditched his once much hyped 1M trading. In his thread, I called a spade a spade and he put me into ban...
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,624
  • Aug 13, 2020 9:25pm Aug 13, 2020 9:25pm
Fake breakout/reversal is always the biggest enemy to traders especially to breakout scalpers. There's no way to prevent this. That's why the asset you trade is important. Forex and Stock Index are full of noise and fakeouts. Noise filtering is impossible.

Watch this video if it helps to you. It looks BS to me though... Ricky is now trading mostly Nasdaq index since UGAZ/DGAZ delisted.
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,625
  • Aug 14, 2020 2:38am Aug 14, 2020 2:38am
Quoting heispark
I think I like RJ's 15M trading. It took me really only 10 mins to understand and decode his strategy. His strategy doesn't work well during low volatile days like this week however. Also, I saw several silly tradings. It seems he doesn't care about 50 and 200 EMA of major TFs, which is a major mistake I think. Anyway, I am trying to copy his strategy to my /NG scalping. I am wondering why he ditched his once much hyped 1M trading. In his thread, I called a spade a spade and he put...
https://www.forexfactory.com/thread/...3#post13113503

Does he know it's heading to 200 EMA of 1H chart?
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,626
  • Aug 14, 2020 2:52am Aug 14, 2020 2:52am
Quoting heispark
{quote} https://www.forexfactory.com/thread/...3#post13113503 Does he know it's heading to 200 EMA of 1H chart?
Even if it works, is this really worth trying?

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,627
  • Aug 14, 2020 5:26am Aug 14, 2020 5:26am
People are blaming poor price action this week.... It's actually normal however. 70% of time, market behaves like this. That's why I say forex day trading is a joke.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,628
  • Aug 14, 2020 6:53am Aug 14, 2020 6:53am
This is one example of RJ style trade. First, you need faster indicators with low overshooting. I don't know what indicators he uses. I use my own. And you want some dramatic event or surprising attack (V shape reversal, Pullback Candle Reversal Pattern, ... whatever you name it). When it breaks out, it's targeting certain obvious anchor points in which a bunch of stop orders are clustered. That's it. If PA hesitates, you cut loss quick and move SL to BE. That's all. You don't have control beyond this. Market rules the others. What I don't still figure out is RJ's entry is often at least one bar faster. It can give him an opportunity getting out with BE or very small loss. Others will mostly be out with loss.

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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,629
  • Aug 14, 2020 8:45am Aug 14, 2020 8:45am
Nat Gas is exploding now again.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,630
  • Aug 14, 2020 1:45pm Aug 14, 2020 1:45pm
Quoting heispark
Nat Gas is exploding now again.......
You are right but I don't know why since it had 6 days of consolidation. Twice the 100-day ATR is a huge move.
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  • #2,631
  • Aug 14, 2020 8:42pm Aug 14, 2020 8:42pm
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,632
  • Aug 15, 2020 1:56am Aug 15, 2020 1:56am
Angle of Jurik Indicator

An interesting indicator from https://forex-station.com/viewtopic....38#p1295417038

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File Type: ex4 Angle of jurik + bands.ex4   35 KB | 406 downloads
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,633
  • Aug 15, 2020 2:11pm Aug 15, 2020 2:11pm
Quoting heispark
Angle of Jurik Indicator An interesting indicator from https://forex-station.com/viewtopic....38#p1295417038 {image} {file}
It looks like a modified MACD. Is it effective for trading and do you use it?
  • #2,634
  • Aug 15, 2020 7:39pm Aug 15, 2020 7:39pm
Quoting Hutch
{quote} It looks like a modified MACD. Is it effective for trading and do you use it?
It was release yesterday and I will start testing it from tomorrow when market opens. Quick visual backtesting result looks somewhat interesting.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,635
  • Aug 17, 2020 1:40am Aug 17, 2020 1:40am
https://www.forexfactory.com/thread/...4#post13116444

Perhaps he doesn't know it exactly bounced on 200 EMA of 15M and 50 EMA of 1H. You don't want to ignore the power of 50 & 200 EMA. Especially 200 EMA is used by many algo tradings in institutional level. I guess reentry is worth trying. Yes, I am a hindsight armchair critique...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,636
  • Aug 17, 2020 1:50am Aug 17, 2020 1:50am
Quoting heispark
Currency strength..... Finviz's one is same as Gold based strength. Looks somewhat lagging compared to Donforex's (period 1). They look different at this time of writing..... By the way, most of the strength meters are lagging because they are based on some kind of moving averages. The only exception I know is Neil's TradingView based strength meter. It's just phenomenon.... {image}{image}
Currency Strength Meter....

Finviz's is the best I think. However, all the CSM is just a piece of shit. Best way to blow your account. I ditched CSM. USDX (Dollar Index) is also a joke. If it can lead other US dollar pairs, it means it can give an arbitrage opportunity, which is a joke to retailer level. Your chart has everything. You don't need to watch CSM or USDX.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,637
  • Aug 17, 2020 2:15am Aug 17, 2020 2:15am
https://www.forexfactory.com/thread/...0#post13116510

It seems he really loves challenging 50 & 200 EMA...... it doesn't necessarily mean it doesn't work though....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,638
  • Aug 17, 2020 2:23am Aug 17, 2020 2:23am
Quoting heispark
https://www.forexfactory.com/thread/...0#post13116510 It seems he really loves challenging 50 & 200 EMA...... it doesn't necessarily mean it doesn't work though....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,639
  • Aug 18, 2020 4:08am Aug 18, 2020 4:08am
https://www.forexfactory.com/thread/...4#post13118324

Now I am seriously questioning about his trading skill........
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,640
  • Aug 18, 2020 4:12am Aug 18, 2020 4:12am
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I still believe this.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
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