The brutal truth of day trading | Page 108 | Forex Factory

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The brutal truth of day trading

  • #2,141
  • Jul 20, 2021 3:27pm Jul 20, 2021 3:27pm
Got to go bbq. Enjoy "day traders".
  • #2,142
  • Jul 20, 2021 3:29pm Jul 20, 2021 3:29pm
I trade on yearly chart and one trade per decade
  • #2,143
  • Jul 20, 2021 3:30pm Jul 20, 2021 3:30pm
Quoting Techanalyst
Got to go bbq. Enjoy "day traders".
Didn't think so.
  • #2,144
  • Jul 20, 2021 3:36pm Jul 20, 2021 3:36pm
Quoting Winston Reed
{quote} Didn't think so.
Like you posts but we need people like Tech which have their heads in the sand, its how we make our money
  • #2,145
  • Jul 20, 2021 3:44pm Jul 20, 2021 3:44pm
Quoting Waveskierrob
{quote} Like you posts but we need people like Tech which have their heads in the sand, its how we make our money
There are traders and then there are those who talk about trading. TA is in love with his words and shows it by elaborating endlessly on fundamentals. But actually using all that fundie data to trade....nada.
  • #2,146
  • Jul 20, 2021 3:50pm Jul 20, 2021 3:50pm
As expected, the forum thread slipped into a dispute whether the market is random or not
Standard evolutionary process
Observer effect
  • #2,147
  • Jul 20, 2021 3:54pm Jul 20, 2021 3:54pm
I want to invite PeterCaleb to this thread. Maybe he will shed light on this dispute. Who agree? Press like button and subscribe. LOL
Price ratings and Control points.
  • #2,148
  • Jul 20, 2021 3:56pm Jul 20, 2021 3:56pm
Quoting ryuryu
As expected, the forum thread slipped into a dispute whether the market is random or not Standard evolutionary process
I knew this would come in handy

Attached Image (click to enlarge)
Click to Enlarge Name: dont argue.jpg Size: 45 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,149
  • Jul 20, 2021 4:06pm Jul 20, 2021 4:06pm
GBPUSD. I thinkg we won't have double bottom. Have drawn it on Sunday. I said take it seriously.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 22 KB
  • #2,150
  • Jul 20, 2021 4:06pm Jul 20, 2021 4:06pm
Quoting Techanalyst
{quote} Charts get the data from fundamentals, and than charts get the data first. Than comes the indicators, and patterns and so on which they do not work. Money is made by sitting not trading. Reading charts only is just a gamble and guessing.
What is your name? Techanalyst? I think Fundanalyst is more appropriate since you don't even believe in technical analysis lol. Anyways bro you have a lot more to learn about the market. Funny thing is that you don't need to understand it all to make money as long as you have discipline and you found something that works consistently. Many people make a profit and they don't truly know what they are doing. They found something that works and they make up their own reason of why it works. That is their opinion of course and the real reason why it works may not be the reason why they think it works, but it works and it makes money and that's all that matters lol.

Just because you can't trade from a chart alone, it doesn't mean other can't. If 1000 people say you cannot trade based on technicals only and 1 person can, then those 1000 have just been proven wrong. Have you heard of "show me the chart and i'll tell you the news"? This statement can't be more accurate.
  • #2,151
  • Jul 20, 2021 4:37pm Jul 20, 2021 4:37pm
I trade chart alone. I dont care about news and fundamentals at all. I know news can move the price, but news isn´t goal to trade, unless you know about the news before everyone.
Fundamentals for me it is only to make a stocks portfolio.
  • #2,152
  • Jul 20, 2021 4:47pm Jul 20, 2021 4:47pm
Quoting ryuryu
As expected, the forum thread slipped into a dispute whether the market is random or not Standard evolutionary process
1 pip move is random.
1000 pips move is not random.
  • #2,153
  • Jul 20, 2021 5:01pm Jul 20, 2021 5:01pm
Quoting ryuryu
There are some statements that everyone repeat day by day: 1. Always use Stop Loss. 2. Use at least 1:2 Risk Reward ratio. 3. Trade only long term, no day trading. 4. Do not study math, statistics, do not create algos. You brain is best indicator, draw lines, rectangles and use fibos only. 5. Learn to feel the market. This is the edge. 6. You will be profitable automatically after 10000 hours of trading. 7. We will reduce leverage and ban hedges to protect your capital (the funniest part). So there is some very smart and wealthy guy sitting somewhere...
After reading this statement i found it to be true, well done mate the brokers will not like you
people leave, but this thread will go on for ever
  • #2,154
  • Jul 20, 2021 5:13pm Jul 20, 2021 5:13pm
Quoting gepards
{quote} 1 pip move is random. 1000 pips move is not random.
The "day traders" got triggered. They are all"day traders/scalpers", but they are having time writing here all the time. That says it all.
  • #2,155
  • Jul 20, 2021 5:22pm Jul 20, 2021 5:22pm
About them I dont know , but about me I have all time to be writing here because I´m swinger. I would be a terrible scalper. I can´t control my emotions scalping, but trading swinger i have all time that i need to check all pairs and make my analysis after that i dont need be looking the chart, I just leave a pending order and if i wanna i can even be sleeping while the trade run
  • #2,156
  • Jul 20, 2021 5:27pm Jul 20, 2021 5:27pm

Who has TIME/PRICE theory?

Next dispute is TIME

  • #2,157
  • Jul 20, 2021 5:39pm Jul 20, 2021 5:39pm
MY way trading i need just look once everyday to the charts. if i wanna i can go at cinema, watch tv , sleep, make other activity, write here even travel, since i can look to the chart at least once per day
  • #2,158
  • Jul 20, 2021 5:39pm Jul 20, 2021 5:39pm
Quoting Techanalyst
{quote} The "day traders" got triggered. They are all"day traders/scalpers", but they are having time writing here all the time. That says it all.
Yes, we have multiple screens, save time by working as a team to avoid having to watch every pair at the same time.
We think fast, don’t waste time by analysing price except for measuring expansion and making instant decisions on finding available liquidity that’s tradable.

If a one minute candle moves with twice the speed, four times the volume and primary buying delta, we have a decision to make.

Is there enough liquidity to trade with the move or do we consider liquidity is exhausted and trade against the bias.

A team of good traders will normally come to the correct decision allowing times to write stupid posts on forex factory like this - while long term traders are still paralysed by indecision.

Cheers
Trading thin liquidity at the boundary of the charts
  • #2,159
  • Jul 20, 2021 5:46pm Jul 20, 2021 5:46pm
One thing i have to agreed being a scalper doesnt need be all time looking to the screen. Many scalpers at momment they got profit they just close the trading and pass the time doing other stuff
  • #2,160
  • Jul 20, 2021 5:56pm Jul 20, 2021 5:56pm
Quoting RickM
{quote} Yes, we have multiple screens, save time by working as a team to avoid having to watch every pair at the same time. We think fast, don’t waste time by analysing price except for measuring expansion and making instant decisions on finding available liquidity that’s tradable. If a one minute candle moves with twice the speed, four times the volume and primary buying delta, we have a decision to make. Is there enough liquidity to trade with the move or do we consider liquidity is exhausted and trade against the bias. A team of good traders...
Fundamentals 80%, technicals 20%. Everything else is noise.
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