The brutal truth of day trading | Page 149 | Forex Factory

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The brutal truth of day trading

  • #2,961
  • Aug 6, 2021 7:13pm Aug 6, 2021 7:13pm
Quoting gepards
{quote} 1 week done. Next week will try with live account. {image} here all details/history. plan.. split 1k into 10 parts. try to scale and multiply 6 times in a row: 100 to 200 to 400 to 600 to 1200 to 2400. 6 weeks. then cashout. and restart with 200 usd. cashout 4800 and restart with 400 usd. so each time have 10 attempts to make 100% in 1 week and so 6 weeks in a row. ideally if no wipeouts then: 6 weeks 2400 12 weeks 4800 24 weeks 9600 30 weeks 19200 36 weeks 38400 42 weeks 76800 48 weeks...
Nice. Subscribed. Keep up the good work.
  • #2,962
  • Aug 6, 2021 8:09pm Aug 6, 2021 8:09pm
Quoting gepards
{quote} 1 week done. Next week will try with live account. {image} here all details/history. plan.. split 1k into 10 parts. try to scale and multiply 6 times in a row: 100 to 200 to 400 to 600 to 1200 to 2400. 6 weeks. then cashout. and restart with 200 usd. cashout 4800 and restart with 400 usd. so each time have 10 attempts to make 100% in 1 week and so 6 weeks in a row. ideally if no wipeouts then: 6 weeks 2400 12 weeks 4800 24 weeks 9600 30 weeks 19200 36 weeks 38400 42 weeks 76800 48 weeks...
It looks like we started trading these demo accounts on the same day.

Yours:
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Mine:
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Mine didn't quite reach 100% but it's fine with me because of the lower 5.9% DD. Yours had a 59.3% DD. IC Markets recently changed their stop out level so unfortunately 59.3% would have blown the account on IC Markets.
  • #2,963
  • Aug 6, 2021 9:29pm Aug 6, 2021 9:29pm
Quoting RickM
{quote} Hi GEfx This may explain why I have problems with slippage and widening spreads with brokers when I trade larger lot size. I trade Acute Liquidity Runs (ALR's) which are trades in areas of extremely low liquidity in either bids or asks. The larger the trade size in low liquidity areas, the higher the slippage and thats a problem for me as I am only taking micro trades when I see the Bids or Asks hit Zero on a footprint Futures chart. Spread size becomes invalid at times just like spreads wider seconds before Red News hits. This is a MT4...
Hi RickM
I've read couple of your post in this thread, iam so impressed and im so curious about the konsep that you gave to us, about volume and liquidity, honestly i don't know anything about market profil and how to apply it, would you mine if i ask your resources for learning about all of these and some indicator market profile that you use maybe, cause i wanna know more deeply about these konsep
And one more thing you said you almost took every trades at the bottom and top of trend like swing trader on this post, but my question is how do you know if that moment the price will go on your trade side no matter long or short,
Thanks
Using Chaos to Finding Order
  • #2,964
  • Aug 7, 2021 2:09am Aug 7, 2021 2:09am
Quoting ryuryu
{quote} Do you sell smth like Peter? What is the purpose of that bullshit you post? Can I have 30% discount for your holy grail PDF? How much can I have daily? Aussie says even a kid can have 7% daily. How about you? Can I trust you? Can you open more than 350 lots on Gold like them? Are you a part of their gang?
hi ryuryu. Noticed here in FF are at least 3 "gangs". They fight with each other (try discreditate, show their superior). 1 "gang" sell "teaching+signals", 1 "gang" sell an indicator and dont know 3rd "gang" what do. I understand that 1 "gang" is quite powerful because has ff admins in their side. Those 2 other gangs try to use ff admins against each other sometimes.

But you know... for me that's all ok. Business for "teaching/signals/indicators" is more than 100 mil usd market. I understand that people organize groups (and/or fake/paralel profiles) to fight for that money. This is acceptable.

There are 2 communications levels - one public an other in private messages. I receive quite a lot of private messages regarding some of my posts here. I wont answer. Dont want to be involved in any "gang".

I have fun to see how those "gangs" fight. Hope that 1 powerfull gang wont ban me out of FF... so I decided to cool down and focus only on trading. But I dont guarantee that I wont get involved in some gangs fights here... it is quite tempting sometimes
  • #2,965
  • Aug 7, 2021 2:32am Aug 7, 2021 2:32am
true.
is best to focus only on trading, that’s the best.
  • #2,966
  • Aug 7, 2021 2:46am Aug 7, 2021 2:46am
Quoting tiborf71
{quote} I trade in m30 time zone, now for example I judge that the price will fall. by noon tomorrow for sure. we'll see.

nice weekend
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  • #2,967
  • Aug 7, 2021 3:02am Aug 7, 2021 3:02am
Quoting kette
{quote} nice weekend {image}
yes, i expected it to decrease ..
but,there will always be losses
then next time.
  • #2,968
  • Aug 7, 2021 3:08am Aug 7, 2021 3:08am
Quoting tiborf71
{quote} yes, i expected it to decrease .. but,there will always be losses then next time.
  • #2,969
  • Aug 7, 2021 3:20am Aug 7, 2021 3:20am
Quoting gepards
{quote} hi ryuryu. Noticed here in FF are at least 3 "gangs". They fight with each other (try discreditate, show their superior). 1 "gang" sell "teaching+signals", 1 "gang" sell an indicator and dont know 3rd "gang" what do. I understand that 1 "gang" is quite powerful because has ff admins in their side. Those 2 other gangs try to use ff admins against each other sometimes. But you know... for me that's all ok. Business for "teaching/signals/indicators" is more than 100 mil usd market. I understand that people organize groups (and/or fake/paralel...
Focus on improving our own knowledge and skill.

No need to sell anything.

No need to trade with other traders in groups.
No need to prove to anyone.

All of that above is bs.
Just trade alone and make real money.
Know what you trade
  • #2,970
  • Aug 7, 2021 3:28am Aug 7, 2021 3:28am
Quoting BWilliam
Focus on improving our own knowledge and skill. No need to sell anything. No need to trade with other traders in groups. No need to prove to anyone. Just trade alone and make real money.
Trading alone is very lonely. Trading with a group is much fun. You can learn from others, you can discuss the things. And focus on trading (because everyone is talking about trading mostly).

But there must be real traders and no newbies or demo traders. Because newbies are posting/asking bullshit defending their believes and it is just a waste of time.

Remember that human is gregarious animal. You can't just forget million years of evolution because someone said that on youtube. I like to check the things this way: imagine you lived 500 years ago and 1000 years ago. Could you survive alone? This approach help to separate propaganda and bullshit.
Observer effect
  • #2,971
  • Aug 7, 2021 4:32am Aug 7, 2021 4:32am
I’d have to agree ryuryu. Trading in a group even helps you to stick to your rules. Being able to bounce ideas off each other is very valuable and great to see how others think of the market. I have been part of a couple of groups and it helped me heaps.
regards to all.
  • #2,972
  • Aug 7, 2021 4:54am Aug 7, 2021 4:54am
Quoting ryuryu
{quote} Trading alone is very lonely. Trading with a group is much fun. You can learn from others, you can discuss the things. And focus on trading (because everyone is talking about trading mostly). But there must be real traders and no newbies or demo traders. Because newbies are posting/asking bullshit defending their believes and it is just a waste of time. Remember that human is gregarious animal. You can't just forget million years of evolution because someone said that on youtube. I like to check the things this way: imagine...
I am happy you dont ask bullshit questions while learning.
"Exchange of hands"
  • #2,973
  • Aug 7, 2021 5:03am Aug 7, 2021 5:03am
Quoting bilal1947
{quote} I am happy you dont ask bullshit questions while learning.
I have one non-bullshit question.

Can volume data pinpoint the exact turning point m1 candle at algo levels ?

That's all I want to know.
If yes then I will spend time do some research on volume data.
Or I pay volume trader teach me how to use volume data to do that.
If no, then no point waste time.
Know what you trade
  • #2,974
  • Aug 7, 2021 5:08am Aug 7, 2021 5:08am
Quoting bilal1947
{quote} I am happy you dont ask bullshit questions while learning.
I was selling holy grail indicators and signals
Observer effect
  • #2,975
  • Aug 7, 2021 5:16am Aug 7, 2021 5:16am
Quoting BWilliam
{quote} I have one non-bullshit question. Can volume data pinpoint the exact turning point m1 candle at algo levels ?
impossible.
in trading there is neither exactitude nor prognosis.
only probabilities and scenarios.
  • #2,976
  • Aug 7, 2021 5:38am Aug 7, 2021 5:38am
Quoting karuner
{quote} impossible. in trading there is neither exactitude nor prognosis. only probabilities and scenarios.
You never know.
With all this 90% win rate claims there might be expert footprint chart trader who found the secret.
Impossible maybe not.
Who know ?

All I need is a yes or no answer from this volume data guru trader.
Better still if he is willing to teach me.
Or I do the work to check it out.

Ps don't propose barter trade pls.
Know what you trade
  • #2,977
  • Aug 7, 2021 5:50am Aug 7, 2021 5:50am
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https://devisen-handeln.org/forex-ne...-und-orderflow


adjust to your language with google and read that helps
  • #2,978
  • Aug 7, 2021 5:55am Aug 7, 2021 5:55am
Quoting BWilliam
{quote} I have one non-bullshit question. Can volume data pinpoint the exact turning point m1 candle at algo levels ? That's all I want to know. If yes then I will spend time do some research on volume data. Or I pay volume trader teach me how to use volume data to do that. If no, then no point waste time.
I have a video I took 8 days back I recorded on Motive Wave Futures chart that showed a large Selling order absorbing every single buy order that was thrown at it.
In 4 minutes, it took about 6 to 7 hits before finally repelling the Buyers. There next step was too throw two large Selling orders in the market to create an imbalance of buyers forcing the price bearish.

Fourteen hours later the Buyers regrouped for another attempt to smash through that level which they managed.

Here's the funny thing, liquidity this time was reduced / removed and they found NOTHING.

They took it up to 1.1908 but the damage was done - They got destroyed thereafter on a Bearish run since that day.

EURUSD 29th July 2021

A day where Buyers were destroyed by a single determined Order Block.

Now bloody BWilliams is going to think the Block was placed there by an Algo at 1.1894 - I say it was cleary a Bankers block.
Either way, check out that price for this week -

Interesting

To BWilliams question of can you see a exact turning point using M1 Volume.
Answer - More often than you realise


Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #2,979
  • Aug 7, 2021 5:59am Aug 7, 2021 5:59am
get a demo
to learn
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  • #2,980
  • Aug 7, 2021 6:01am Aug 7, 2021 6:01am
Quoting RickM
To BWilliams question of can you see a exact turning point using M1 Volume. Answer - More often than you realise Cheers Rick

I will pay you a visit at the right time. Till then.
Know what you trade
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