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In One Sentence - How Do You Trade?

  • #481
  • May 15, 2021 9:56pm May 15, 2021 9:56pm
Awesome! 100 per cent in agreement Peter.

KP

Quoting PeterCaleb
If you don't prepare at all (in any context) you can't and don't learn. And if you don't learn, then you can only see that your "emotions" are your enemy...
Do your homework, follow the footprints of smart money
  • #482
  • Edited 10:54pm May 15, 2021 10:19pm | Edited 10:54pm
Quoting RickM
{quote} Hi KeenPips My point is a trader in my opinion does not need preparation or extensive analysis of a chart to be profitable, they just need to watch and do nothing until they see the market change speed - which in data is a buy or sell order 300% + larger in volume than the receiving passive limit order on the chart - repeated in a single candle. Clarity and enlightenment is just that "shit I see price has suddenly moved and I understand what's happening" and therefore I have no fear in placing a trade. Less thinking, less analysis but a...
I have been doing this after moving from fx to index trading when GBPJPY volatility got reduced post-Brexit.

For a few months, I did not trade and just observed how speed is unleashed and reined in. I realized I could measure speed with the help of boxes. Using MAs did not help me. Real-time speed indication is provided by 5m boxes. This is my way. Your way is based on volume reading. I hope experienced traders share their own devices of scalping execution.
Practice makes a person perfect
  • #483
  • May 15, 2021 10:36pm May 15, 2021 10:36pm
Good that you explained your way mate. It's part of sharing. In fact, your way involves preparation in one form or another. Interestingly, an important form of preparation is what you have in your signature statement: Practice makes a perfect person. Btw, not every trader is a scalper although I am aware that many of those on FF embrace a scalping trading style. I am a medium term swing trader and I depend less on technicals like MAs; not that technicals are not valuable, particularly if you know what you are doing.

KP
Quoting simnz
...I have been doing this after moving from.fx to index trading. For a few months, I did not trade and just observed how speed is unleashed and reined in...Real time speed indication is provided by 5m boxes. This is my way...I hope experienced traders share their own device of scalping execution.
Do your homework, follow the footprints of smart money
  • #484
  • May 15, 2021 10:53pm May 15, 2021 10:53pm
Quoting KeenPips
Good that you explained your way mate. It's part of sharing. In fact, your way involves preparation in one form or another. Interestingly, an important form of preparation is what you have in your signature statement: Practice makes a perfect person. Btw, not every trader is a scalper although I am aware that many of those on FF embrace a scalping trading style. I am a medium term swing trader and I depend less on technicals like MAs; not that technicals are not valuable, particularly if you know what you are doing. KP {quote}
Trading is not just scalping. Agreed.
Please show your trading method in a concrete way.
Practice makes a person perfect
  • #486
  • May 15, 2021 11:01pm May 15, 2021 11:01pm
Structure-based price action trading cognizant of weekly momentum candlesticks and smart money zones.

KP

Quoting simnz
...Please show your trading method in a concrete way.
Do your homework, follow the footprints of smart money
  • #487
  • May 15, 2021 11:07pm May 15, 2021 11:07pm
Quoting KeenPips
Structure-based price action trading cognizant of weekly momentum candlesticks and smart money zones. KP {quote}
Are you a trader or a professor?
Practice makes a person perfect
  • #488
  • May 15, 2021 11:11pm May 15, 2021 11:11pm
Both. Does it really matter?

KP

Quoting simnz
{quote} Are you a trader or a professor?
Do your homework, follow the footprints of smart money
  • #489
  • May 15, 2021 11:12pm May 15, 2021 11:12pm
Quoting KeenPips
Both. Does it really matter? KP {quote}
Talking in the air is the job of a professor.
Talking to the ground is the job of a trader.
So use your trader hat and help the learners please.
Practice makes a person perfect
  • #490
  • May 15, 2021 11:26pm May 15, 2021 11:26pm
Quoting simnz
{quote} Talking in the air is the job of a professor. Talking to the ground is the job of a trader. So use your trader hat and help the learners please.
Seems traders like to believe deep analysis of the market is going to help them Guess an awful lot better than just trading the moment.
Trading the moment without zero interest in past market activity outside the last few candles has now become an argument apparently.
Trading thin liquidity at the boundary of the charts
  • #491
  • Edited May 16, 2021 12:32am May 15, 2021 11:54pm | Edited May 16, 2021 12:32am
Quoting RickM
{quote} Seems traders like to believe deep analysis of the market is going to help them Guess an awful lot better than just trading the moment. Trading the moment without zero interest in past market activity outside the last few candles has now become an argument apparently.
I have done trading for 36 years and have finally found that trading for the moment is required because I am dealing with an auction market where the day starts with a first bid and offer.

Each auction market has its own concept of what is the competition. Ricky has understood well that the trading auction market's forces will not work if it is thought of as a regular business activity. It is operated by cartels who don't believe in any normal business principles. Speculators just want to make money - and quickly.

You and me don't have any idea of SELLERS statistics. The cartels have. But the cartel, in their own interest to keep the market alive, use rotation - sometimes obliging most of the traders to make money. They understand the importance of providing incentives.

Timing is controlled by them. No trader in the world - big or small - can say what is going to happen next. Ricks get some help from Volume. I get help from Boxes. Ultimately, it is a trader's brain that makes a guess. Speculation is all about this. You win sometimes. You lose some time.

But you don't remain wedded to your forecasts. By doing pre-analysis, you become a slave to your forecast and start praying and requesting God to move the market in your favour so that YOUR FORECAST works until the last dot. Hopeful trading is the side effect of doing pre-analysis that lives in your dreams as well as in your waking hours. The first thing after you wake up is wanting to take a look at your handset to know where the market has moved.

The entertainment market's forces of demand and supply (where exponential returns are expected and the long-term view is taken) will not work in a wholesalers mall where profit margins are thin or in a place where retailers are few and all of them join hands in keeping high forces because the supply is less and demand is more.

So the auction market has a life from the time it opens and closes for the day. In a day you can be a short-term trader, swing trader, and positional trader. Who is preventing you from doing so? But in the interest of your own health and wallet, your canvas should be limited to Cash market or CFD market hours.

Good luck professor.
Practice makes a person perfect
  • #492
  • Edited 12:52am May 16, 2021 12:42am | Edited 12:52am
Quoting RickM
{quote} Hi KeenPips My point is a trader in my opinion does not need preparation or extensive analysis of a chart to be profitable, they just need to watch and do nothing until they see the market change speed - which in data is a buy or sell order 300% + larger in volume than the receiving passive limit order on the chart - repeated in a single candle. Clarity and enlightenment is just that "shit I see price has suddenly moved and I understand what's happening" and therefore I have no fear in placing a trade. Less thinking, less analysis but a...
In the futures market, this is called RVOL or relative volume to those who do not trade futures or stocks. I am curious as to how you extrapolate RVOL in a decentralized market. I know I can use the 6E futures contract as a proxy, but this seems to be missing something. Obviously without giving away proprietary information, can you square this circle?

Quoting RickM
{quote} Seems traders like to believe deep analysis of the market is going to help them Guess an awful lot better than just trading the moment. Trading the moment without zero interest in past market activity outside the last few candles has now become an argument apparently.
Lately, I have gotten bored and started Gann analysis. This is obviously a rabbit hole. As long I don't actually use it to make trading decisions in real time, I have no issue talking about when a market will turn, and what planet, and all of that. I said that to say that trading, once we cut the BS, is ridiculously simple. It is so simple that a lot us cannot believe it, so we complicate it. Look at FF, thousands of indicators to read price action. You are talking about, I think, observing the point when the bulls are going to overwhelm the bears and vice versa. Not hard to see if we could actually get good data on that. But if I belong to a broker full of bad traders, can I trust an RVOL > 3? I can on a centralized market, but not so much in FX. Just trying to spark a conversation.
If you are good at something, never do it for free--Joker
  • #493
  • May 16, 2021 1:03am May 16, 2021 1:03am
Quoting jmn5611
{quote} In the futures market, this is called RVOL or relative volume to those who do not trade futures or stocks. I am curious as to how you extrapolate RVOL in a decentralized market. I know I can use the 6E futures contract as a proxy, but this seems to be missing something. Obviously without giving away proprietary information, can you square this circle? {quote} Lately, I have gotten bored and started Gann analysis. This is obviously a rabbit hole. As long I don't actually use it to make trading decisions in real time, I have no issue talking...
imho....with 5 trillion churned daily there is no possible way to trust RVOL of any given broker...
  • #494
  • May 16, 2021 1:16am May 16, 2021 1:16am
Quoting Swede
{quote} imho....with 5 trillion churned daily there is no possible way to trust RVOL of any given broker...
That is where I struggle Swede. I am a trader who is competent in every market except the bond market. If I am trading IBM and I see an RVOL > 3, I missed some news, or insiders are buying or dumping for the news to come out on CNBC's fast money after the move is over so mom and pop get in so they can liquidate. IBM does not trade at that volume during that time of day. That is a no brainer. FX had the massive disadvantage of not having true volume, we have to just follow the price action. It can be done, but it means, in my opinion, it is hard to get big fast. In futures and stocks, especially when daytrading, the edge is the ability to get big fast. In FX, we have to contend with a lack of volume information.
If you are good at something, never do it for free--Joker
  • #495
  • May 16, 2021 2:55am May 16, 2021 2:55am
A good professor is one who teaches what they practice and a trader to be successful needs be well informed and skilled. You need both. Check my profile and visit some of my threads. Each thread has a focus but I am aware that some traders here are posting off topic and may need be sabctioned soon.

KP

Quoting simnz
{quote} Talking in the air is the job of a professor. Talking to the ground is the job of a trader. So use your trader hat and help the learners please.
Do your homework, follow the footprints of smart money
  • #496
  • May 16, 2021 2:59am May 16, 2021 2:59am
The question is not answered unless you make your post valuable and understandable to fellow traders on the thread. See post #1.

KP

Quoting OutThere
In One Sentence - How Do You Trade? Cycles of 1-worrying 2-relief within the consonance of 'Observation'. Just something that probably only I understand but the question is answered.
Do your homework, follow the footprints of smart money
  • #497
  • Edited 6:26am May 16, 2021 6:09am | Edited 6:26am
Quoting RickM
{quote} Seems traders like to believe deep analysis of the market is going to help them Guess an awful lot better than just trading the moment. Trading the moment without zero interest in past market activity outside the last few candles has now become an argument apparently.
They need to have some time to draw a lot of random lines on the charts! They need a lot of preparations. Lines must have different colors, thickness. Also (since they can't program any simple EA of 5-10 years of successfull trading) they need to calculate RRR! Most hardcore weekly chart traders even don't use calculators! So they have to calculate everything in their heads. The best traders just feel the market. They open chart, sniff and... get a vision how market will move.

Quoting jmn5611
{quote} In the futures market, this is called RVOL or relative volume to those who do not trade futures or stocks. I am curious as to how you extrapolate RVOL in a decentralized market.
Just try yourself and you will see that on "decentralized" market everywhing it centralized. I don't khow how and why.
Observer effect
  • #498
  • May 16, 2021 6:52am May 16, 2021 6:52am
Quoting RickM
{quote} Hi KeenPips My point is a trader in my opinion does not need preparation or extensive analysis of a chart to be profitable, they just need to watch and do nothing until they see the market change speed - which in data is a buy or sell order 300% + larger in volume than the receiving passive limit order on the chart - repeated in a single candle. Clarity and enlightenment is just that "shit I see price has suddenly moved and I understand what's happening" and therefore I have no fear in placing a trade. Less thinking, less analysis but a...
I totally agree with this is reply, preparation doesn't really work like that here in this market, the highest you can do is set your laptop or desktop running fine
prior to your trading time
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #499
  • May 16, 2021 7:50am May 16, 2021 7:50am
In my experience, the markets haven't REALLY changed too much in almost 40 yrs or so. But people most certainly have become rather dull from the neck line up. You can tell by how they express themselves. Stupid is still stupid. Sorry Keenpips it seems your thread has been crapped on as does all the "chitchat ones". No matter how much people try, you just can't teach that stupid attitude out of people. Must be a whopper of a big chip on that shoulder they're carrying.


Peter
Real Trading is not gambling.
  • #500
  • May 17, 2021 1:44am May 17, 2021 1:44am
It doesn't matter whether you agree or not. You are all missing the point. See post #474.

KP

Quoting RickM
{quote} Seems traders like to believe deep analysis of the market is going to help them Guess an awful lot better than just trading the moment. Trading the moment without zero interest in past market activity outside the last few candles has now become an argument apparently.


Quoting ryuryu
{quote} They need to have some time to draw a lot of random lines on the charts! They need a lot of preparations. Lines must have different colors, thickness. Also (since they can't program any simple EA of 5-10 years of successfull trading) they need to calculate RRR! Most hardcore weekly chart traders even don't use calculators!....


Quoting martinez1
{quote} I totally agree with this is reply, preparation doesn't really work like that here in this market, the highest you can do is set your laptop or desktop running fine prior to your trading time
Do your homework, follow the footprints of smart money
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