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I'm up to something (I think)

  • #61
  • Oct 30, 2020 6:06pm Oct 30, 2020 6:06pm
So 2 new trades to put on Monday morning. I’ll put them up once I’ve opened them. I’ll wait until the opening calms down a bit then put them on. Neither involve the USD directly at least so hopefully not too wild come Tuesday but who knows.

I just wanted to put it out there too that in January I am going to start my 3rd attempt at qualifying for a funded account. The 1st time I mentally couldn’t handle the pressure. The 2nd time I came very close but the 4% relative drawdown got me in the end even though I only went back to break even.

I have attempted these through the 5ers and while I was considering trying CTI this time they have now changed the rules around drawdown where they have just gone to absolute drawdown so if you get an account and you say need $600 profit to pass and $400 in drawdown it closes which seems a much better system for me. I look forward to sharing that journey on here too.
Trade what you see, not what you think
  • #62
  • Nov 1, 2020 6:09pm Nov 1, 2020 6:09pm
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NEW TRADE: I’ve entered 2 trades this morning. Long AUDCHF and short EURGBP. As I said with the US election so close I would have skipped a direct USD pair but these weren’t so I just pushed on. What is everyone else doing with their trading around the election?
Trade what you see, not what you think
  • #63
  • Nov 1, 2020 9:23pm Nov 1, 2020 9:23pm
Quoting ads213
{image}{image}NEW TRADE: I’ve entered 2 trades this morning. Long AUDCHF and short EURGBP. As I said with the US election so close I would have skipped a direct USD pair but these weren’t so I just pushed on. What is everyone else doing with their trading around the election?
Wise man.
I will tear the world apart for you.
  • #64
  • Nov 2, 2020 12:04am Nov 2, 2020 12:04am
Quoting ads213
Has anyone changed their candles to just all black/white depending on your background? It was suggested to me on a podcast a while back so I gave it a try. It’s been that way ever since and i’ve never looked back. The reasoning is that you can’t have that subconscious bias you can have when you have colored candles. Anyone else had an experience with this?
A typical use of candles you could also look at a nice black on white line chart for patterns etc, but I alsoselect neutral colours for any ema or indicator, I try and avoid RED or Green anything on my charts on occasions.
every success ads Pho
  • #65
  • Nov 2, 2020 12:07am Nov 2, 2020 12:07am
Quoting photize
{quote} A typical use of candles you could also look at a nice black on white line chart for patterns etc, but I alsoselect neutral colours for any ema or indicator, I try and avoid RED or Green anything on my charts on occasions. every success ads Pho
That sounds interesting Pho. Confirmation bias is definitely a thing and seeing lots of red or green candles in a row can’t be helpful. Black candles white background for me all the way!
Trade what you see, not what you think
  • #66
  • Nov 2, 2020 12:26am Nov 2, 2020 12:26am
[quote = sakultrader; 13206433] {quote} Làm ơn, tại sao bạn gửi ảnh của vợ bạn đến đây? [/ quote]

perhaps the reason:a wise man always listens to his wife!
  • #67
  • Nov 2, 2020 2:09am Nov 2, 2020 2:09am
Quoting turkishmarch
[quote = sakultrader; 13206433] {quote} Làm ơn, tại sao bạn gửi ảnh của vợ bạn đến đây? [/ quote] perhaps the reason:a wise man always listens to his wife!
So true!
Trade what you see, not what you think
  • #68
  • Nov 2, 2020 10:13am Nov 2, 2020 10:13am
VP of no nonsense forex's method is probably one of the best there is for consistent profit in forex market. Even if you dont adhere strictly to his rules , your can still makes your own system , since he 've already told you what to look for
  • #69
  • Nov 2, 2020 12:08pm Nov 2, 2020 12:08pm
Quoting finiteen
VP of no nonsense forex's method is probably one of the best there is for consistent profit in forex market. Even if you dont adhere strictly to his rules , your can still makes your own system , since he 've already told you what to look for
100% agree with you. Its all about designing a system and then back testing results and doing it over and over until you find something that works. If you have the discipline to do that then you are already on your way. Have you come up with a strategy yourself?
Trade what you see, not what you think
  • #70
  • Nov 2, 2020 4:29pm Nov 2, 2020 4:29pm
UPDATE: so the AUDCHF buy went very close to the initial TP this morning, didn’t quite get there before the day swapped over. Hopefully see it get there today and move the other position to break even.
EURGBP sell hasn’t really done anything yet but the indicator is still telling me to stay in that one so I’ll see where it goes today.
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Trade what you see, not what you think
  • #71
  • Nov 3, 2020 2:12am Nov 3, 2020 2:12am
Quoting ads213
{quote} 100% agree with you. Its all about designing a system and then back testing results and doing it over and over until you find something that works. If you have the discipline to do that then you are already on your way. Have you come up with a strategy yourself?

Yes, But its still in the infancy, I use the AMA moving average as my baseline alongside the 50 level cross of myRSIOMA as my main entry indicator , then the trend-strength-trio as my confirmation indie. I dont use volume, since I trade on 1 hr timeframe, I just use the Volatility ratio indicator to check if there's movement in the market.
Though this works better in the Daily Chart, But I am using a 100 dollar account son I cant just risks the kind of money daily chart stoploss demands.
  • #72
  • Nov 3, 2020 3:06am Nov 3, 2020 3:06am
Quoting finiteen
{quote} Yes, But its still in the infancy, I use the AMA moving average as my baseline alongside the 50 level cross of myRSIOMA as my main entry indicator , then the trend-strength-trio as my confirmation indie. I dont use volume, since I trade on 1 hr timeframe, I just use the Volatility ratio indicator to check if there's movement in the market. Though this works better in the Daily Chart, But I am using a 100 dollar account son I cant just risks the kind of money daily chart stoploss demands.
Nice! How many pairs did you end up with after backtesting and how many years did you test? I ended up with 18 pairs after my backtesting.
Trade what you see, not what you think
  • #73
  • Nov 3, 2020 10:41am Nov 3, 2020 10:41am
Quoting ads213
{quote} Nice! How many pairs did you end up with after backtesting and how many years did you test? I ended up with 18 pairs after my backtesting.
oh, it works well with all the major pairs when I backtested it but I take special care when trading the pound pairs seems they hurt stops and are volatile. I am live trading , though there are some new systems I am still demo trading to add to my existing system. what pairs do you avoid?
  • #74
  • Nov 3, 2020 12:33pm Nov 3, 2020 12:33pm
Quoting finiteen
{quote} oh, it works well with all the major pairs when I backtested it but I take special care when trading the pound pairs seems they hurt stops and are volatile. I am live trading , though there are some new systems I am still demo trading to add to my existing system. what pairs do you avoid?
These are the ones I don’t trade, they either have either come out as a loss or such a small win that over 5 years of testing isn’t worth mucking around with:
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Trade what you see, not what you think
  • #75
  • Nov 3, 2020 3:59pm Nov 3, 2020 3:59pm
UPDATE: So the AUDCHF buy took out the take profit overnight for a 0.6% gain and the other position is now had the stop moved the break even and it will ride until it hits that or I get an exit signal.
EURGBP sell has moved in the right direction not quite halfway to the initial take profit so see how that travels today.
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Trade what you see, not what you think
  • #76
  • Nov 3, 2020 4:05pm Nov 3, 2020 4:05pm
NEW TRADE: I’ve had a signal to enter a buy on the AUDJPY this morning. It’s a bigger candle to enter on in comparison to what’s been happening lately but not by a crazy amount. I stay away from trades where you would have to enter on 2 x ATR candle, the pullback can kill you in a lot of instances. Volatility certainly seems to be coming back at the moment anyway which is a good thing.
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Trade what you see, not what you think
  • #77
  • Nov 4, 2020 4:44pm Nov 4, 2020 4:44pm
UPDATE: Today I’ve had the exit indicator trigger on EURGBP so I’ve closed for a 0.6% loss. The second AUDCHF position is floating at 1.1% profit at the moment and AUDJPY is still going after enduring that crazy up and down day that was yesterday up slightly.
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Trade what you see, not what you think
  • #78
  • Nov 4, 2020 5:42pm Nov 4, 2020 5:42pm
Quoting AllanF
I don't want to be an idiot who only criticizes. I read a lot of things about indicators, price action, trade systems in 5 years. Too many books and expensive courses, for nothing. I tried swing trade, daytrade, scalping... Used statistic analysis and other advanced math studies. In short, I will explain what I learned... 1) You need to understand that market work in waves - (Dow and Elliott said something like that). 2) A primary wave are formed with secundary waves - (Fractal behaviour). 3) An uptrend is a sequence of ascending peaks and valleys,...
Hi AllanF,

Could you share your system? I would like to learn more about the indicators: SuperTrend, Zigzag...

I would like to follow your road map.

Thanks in advance.
  • #79
  • Nov 4, 2020 7:01pm Nov 4, 2020 7:01pm
Quoting HoangAnh
{quote} Hi AllanF, Could you share your system? I would like to learn more about the indicators: SuperTrend, Zigzag... I would like to follow your road map. Thanks in advance.
You may have to contact him direct mate as I’ve had to ignore him from this thread. I wanted to talk about things related to this method of trading and explain what I’m doing and he spent all his time telling me his way was better than mine and mine made no sense which is fine just not very constructive so he had to go!
Trade what you see, not what you think
  • #80
  • Nov 5, 2020 2:00am Nov 5, 2020 2:00am
Quoting ads213
{quote} You may have to contact him direct mate as I’ve had to ignore him from this thread. I wanted to talk about things related to this method of trading and explain what I’m doing and he spent all his time telling me his way was better than mine and mine made no sense which is fine just not very constructive so he had to go!
Thanks ads213, I am very sorry about this. Good luck!
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