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Attachments: On Point
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On Point

Quoting A12s
{quote} looks good entry for long now /?

before you write anything, please read this
This is not about anything else
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Quoting rogerha
I would like to bring an opinion to this thread which I think may be important. I have been hanging around this business for around 15 years, and I am still learning every day. The one piece of learning I would bring to this forum is that there is no such thing as a ‘system’ or ‘strategy’ that works consistently to a pre-defined set of rules for just anybody. In my experience the people that share their methods of trading whether that be Wags, Kette or whoever, underestimate their peripheral knowledge of the markets and their natural ‘feel’ for...
Many Thanks
I don't show anything else
alternatives if you are not sure about the trade, real money
what you want to trade (correlation)
where is the price of the market profile
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Quoting rogerha
I would like to bring an opinion to this thread which I think may be important. I have been hanging around this business for around 15 years, and I am still learning every day. The one piece of learning I would bring to this forum is that there is no such thing as a ‘system’ or ‘strategy’ that works consistently to a pre-defined set of rules for just anybody. In my experience the people that share their methods of trading whether that be Wags, Kette or whoever, underestimate their peripheral knowledge of the markets and their natural ‘feel’ for...
On Point
Tribute To My Chinese Buddy All Time Return: 19.0%
Quoting rogerha
I would like to bring an opinion to this thread which I think may be important. I have been hanging around this business for around 15 years, and I am still learning every day. The one piece of learning I would bring to this forum is that there is no such thing as a ‘system’ or ‘strategy’ that works consistently to a pre-defined set of rules for just anybody. In my experience the people that share their methods of trading whether that be Wags, Kette or whoever, underestimate their peripheral knowledge of the markets and their natural ‘feel’ for...

Very true

Kette is a bit special though
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: -2.8%
Quoting rogerha
I would like to bring an opinion to this thread which I think may be important. I have been hanging around this business for around 15 years, and I am still learning every day. The one piece of learning I would bring to this forum is that there is no such thing as a ‘system’ or ‘strategy’ that works consistently to a pre-defined set of rules for just anybody. In my experience the people that share their methods of trading whether that be Wags, Kette or whoever, underestimate their peripheral knowledge of the markets and their natural ‘feel’ for...
There are specific rules and tools in institutional trading which we use and depending on the trader how he react to this. The problem with forums like this there are a lot of rubish indicators which mislead people and I was one of them but it only took me 2 years to realize this and went to becoming a professional trader. To be a professional trader your drawdown is your number 1 priority.
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Quoting MarkStep
{quote} There are specific rules and tools in institutional trading which we use and depending on the trader how he react to this. The problem with forums like this there are a lot of rubish indicators which mislead people and I was one of them but it only took me 2 years to realize this and went to becoming a professional trader. To be a professional trader your drawdown is your number 1 priority. {image}
Please give us a detailed introduction of your trading system or rules，thanks！
Quoting rogerha
I would like to bring an opinion to this thread which I think may be important. I have been hanging around this business for around 15 years, and I am still learning every day. The one piece of learning I would bring to this forum is that there is no such thing as a ‘system’ or ‘strategy’ that works consistently to a pre-defined set of rules for just anybody. In my experience the people that share their methods of trading whether that be Wags, Kette or whoever, underestimate their peripheral knowledge of the markets and their natural ‘feel’ for...
That sounds experienced and wise. I find your opinion very respectable.
But I still can't get my head around it. We all see the same chart, we all have the same tools. Why shouldn't the same setup work for all of us (at least similarly)? I think trading is a craft - and a craft can be learned.
Or is it something else? Coincidence perhaps? Then it really would be as you say. But then kettes or wags setups are pure coincidence - or luck (i don´t think so).

Excuse my bad English - not good enough for philosophy ;-)
Quoting netsrac
{quote} That sounds experienced and wise. I find your opinion very respectable. But I still can't get my head around it. We all see the same chart, we all have the same tools. Why shouldn't the same setup work for all of us (at least similarly)? I think trading is a craft - and a craft can be learned. Or is it something else? Coincidence perhaps? Then it really would be as you say. But then kettes or wags setups are pure coincidence - or luck (i don´t think so). Excuse my bad English - not good enough for philosophy ;-)
Well trading is a craft as you say, but like any craft there is a personal element in the way it executed. If you gave two artist painters the same subject to paint, the same paints and the same canvas, you would get two different paintings from the same information. If you asked one painter to make his painting look like the other painter he wouldn’t be able to do it because that isn’t his style.

If you ask two traders to mark up their charts with support and resistance and describe what they believe the price action to be doing at any given time, you will most likely get two different results for many many reasons - but they will almost certainly be looking at that charts differently. They both might be right however because that is what works for them, but that doesn’t mean it will work for you. Sometimes I have followed ‘systems’ in which other people seem to be trading well, and I just can’t do it, it repeatedly fails for me - because I just can’t see it in the same way they do. Other traders you follow, you can almost instantly see something in the way they trade and you can pick elements of it and build it into your trading. But if you look at most threads you will see traders screenshots with additional indicators or less indicators than the original system on that thread - that is because they are taking elements of the system and building it into their trading.
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faites vos jeux
Quoting MarkStep
{quote} There are specific rules and tools in institutional trading which we use and depending on the trader how he react to this. The problem with forums like this there are a lot of rubish indicators which mislead people and I was one of them but it only took me 2 years to realize this and went to becoming a professional trader. To be a professional trader your drawdown is your number 1 priority. {image}

Very nice, are you rading daily TF?
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: -2.8%
  • Post #912
  • Quote
  • Edited at 6:56am Jan 16, 2021 6:38am | Edited at 6:56am
@Wags can I backtest with this strategy on mt4?
Quoting orderblock
@Wags can I backtest with this strategy on mt4?
Hi Mate

you can probably manually backtest it , you would have to set daily MP back as far as you can and then use MP on timeline between lines option and keep moving it to create a picture of the market

Probably best to start each Monday of the week as well
Trade 26 was an Xmas shopping mistake :)
On Point All Time Return: -2.8%
Quoting Wags
{quote} Very nice, are you rading daily TF?
I dont use daily time frame. Market is a fractal so it is all the same regardless of time frame. But I do trade daily at market open new york. I seldom trade forex because there is a reason for it that you will find you at a disadvantage rather than trading the big market as sp500 and crude oil where the problem is not there. If I trade forex it would only be Eur/usd or gbp/usd trading other instrument is meaningless.
Quoting kette
what you want to trade (correlation) where is the price of the market profile {image}
Kette, could you show me how you trade correlation.
And your corelation indicator, i dont know how using it
Quoting NoobM
{quote} Kette, could you show me how you trade correlation. And your corelation indicator, i dont know how using it
fits search currently pending correlation
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Quoting NoobM
{quote} Kette, could you show me how you trade correlation. And your corelation indicator, i dont know how using it

remember that the correlation is always good looking for what you want to act
here i cross both lines


when both pairs cross
is a 90% MEET


everyone now recognizes my trade

in addition de mp
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I was long uc, the correlation to it is cad short
hope I could explain it well
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I'm not so gifted in describing, I'm the craftsman immediately
I'm only interested in these facts and volumes when trading
I'm good at it, can prove it, that's my live trading
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