The brutal truth of day trading | Page 157 | Forex Factory

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The brutal truth of day trading

  • #3,121
  • Aug 13, 2021 7:19am Aug 13, 2021 7:19am
Quoting scherzi
{quote} You don't know me. Next time I see a joke like that or disrespect towards any member of the forum, I am blocking you.




what have you!!!!!
show it right
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  • #3,122
  • Aug 13, 2021 7:29am Aug 13, 2021 7:29am
there is a saying
a hit dog barks


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  • #3,123
  • Aug 13, 2021 7:29am Aug 13, 2021 7:29am
Do you think it is just luck price got stuck at the level I mentioned it would by my optimal exit at 8:30 AM EST time?

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Sorry, I just ignored this kette guy. I find no gratification in personal discussions nor social interaction most of the times.
  • #3,124
  • Aug 13, 2021 7:30am Aug 13, 2021 7:30am
Quoting RickM
{quote} Hi pooh When we no longer get an imbalance of 3 to 1 buyers over sellers, price starts to stall. What I see is a market empty of sellers say at 1.1752 but full at 1.1753.
Thanks for the explanation. Now I understand.

David
  • #3,125
  • Aug 13, 2021 7:34am Aug 13, 2021 7:34am
Quoting bilal1947
{quote} Dont under estimate, he is the student of your mentors mentor! {image}
Please, let's put the personal details outside the forum. We are always evolving and who we are does not determine what we do or how we do it. I am very reserved and do not like talking about myself most of the time.
  • #3,126
  • Aug 13, 2021 7:35am Aug 13, 2021 7:35am
Quoting bilal1947
{quote} Dont under estimate, he is the student of your mentors mentor! {image}

Mentor
I don't have one, but I have good friends.
  • #3,127
  • Aug 13, 2021 7:43am Aug 13, 2021 7:43am
All closed for the week

Would have stayed in UC, AN and CC until next week but will have a fresh start next week

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  • #3,128
  • Aug 13, 2021 7:59am Aug 13, 2021 7:59am
the truth is as hard as brutal day trading


  • #3,129
  • Aug 13, 2021 8:06am Aug 13, 2021 8:06am
Quoting Wags
All closed for the week Would have stayed in UC, AN and CC until next week but will have a fresh start next week {image}
Could you post the source code for this?
  • #3,130
  • Aug 13, 2021 8:10am Aug 13, 2021 8:10am
Quoting ohyeah
{quote} Could you post the source code for this?
Here you are

Attached File(s)
File Type: mq4 TradeReport_compact - Russia_Multi.mq4   153 KB | 326 downloads
  • #3,131
  • Aug 13, 2021 8:12am Aug 13, 2021 8:12am
Thanks for sharing of this info! It is very useful, especially for the newcomer.
  • #3,132
  • Aug 13, 2021 8:18am Aug 13, 2021 8:18am
Quoting gepards
{quote} 1 week done. Next week will try with live account.
traded this week nq100 manually with real account. But didnt go with 0.05 lots just 0.01 to see how it goes. Added to account ~5% profits in 1 week.

feel super comfortable with that trading volume. Very low risk. I Will check that approach more. Maybe better to go with more money and scale on 1% growth... still testing.

wonder why newbies try to trade currencies? better to trade NQ100 with leverage 1:100.

Was attending a webinar last week about investing. And there was this statement: "Don't try to find a needle in a haystack, better buy entire haystack". This was regarding the question "in which stock to invest?" and the answer was - "NQ100 index".

See what a uptrend for NQ100 in 10 years...The best of best hi-tech companies (not only IT, but biotech, energies tech etc various sectors). See here 10 years comparison by indexes:

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Why trade currencies where the longterm trend is changing? I can keep opened BUY on NQ100 for weeks. And hunt for the next small dips meanwhile. Dont care about SL if trade 100 usd with 0.01 lots.
  • #3,133
  • Aug 13, 2021 8:30am Aug 13, 2021 8:30am
Quoting gepards
{quote} traded this week nq100 manually with real account. But didnt go with 0.05 lots just 0.01 to see how it goes. Added to account ~5% profits in 1 week. feel super comfortable with that trading volume. Very low risk. I Will check that approach more. Maybe better to go with more money and scale on 1% growth... still testing. wonder why newbies try to trade currencies? better to trade NQ100 with leverage 1:100. Was attending a webinar last week about investing. And there was this statement: "Don't try to find a needle...
I dont know perhaps you could tell us

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  • #3,134
  • Aug 13, 2021 8:32am Aug 13, 2021 8:32am
Another case of divergence or failed correlation.

Now JPY is being repriced as other GBP pairs must hold.

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  • #3,135
  • Aug 13, 2021 9:11am Aug 13, 2021 9:11am
Quoting Wags
{quote} I dont know perhaps you could tell us {image}
maybe because the majority of strategies examples found in google are based on currencies? and the majority of youtube "gurus" trade currencies too...

for currencies, much more leverage can be used from offshore brokers. easier to sell the idea "get rich fast"?
  • #3,136
  • Aug 13, 2021 9:16am Aug 13, 2021 9:16am
The end is at the poc
GBPJPY
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  • #3,137
  • Aug 13, 2021 9:24am Aug 13, 2021 9:24am
Quoting gepards
{quote} maybe because the majority of strategies examples found in google are based on currencies? and the majority of youtube "gurus" trade currencies too... for currencies, much more leverage can be used from offshore brokers. easier to sell the idea "get rich fast"?
Yeh thats true, i cant stand those FB, Youtube etc etc they are just marketer's
  • #3,138
  • Aug 13, 2021 9:36am Aug 13, 2021 9:36am
Quoting BlackNapkins
gepards, I understand what is important to you, but are you sure you take everything that really matters into account?
did my best. you read my posts. you can point to what I totally missed (except armageddons).

Quoting BlackNapkins
Do you know all the important conditions that you are writing about them with such confidence?
not possible to know "all the important conditions". Maybe I have more confidence because optimized/backtested and trade with EAs... no bad emotions. risks calculated. diversified with n accounts and 2 brokers. (well try to trade manually also on 2 accounts now - to learn).

Quoting BlackNapkins
Or maybe there is something you don't know? Do you know what you don't know?
I dont know how a lot... how to get followers? How to get red diamond? What average investor want? What is profile of average investor who decides to follow? Why Spanish investors abandoned? What I can do better so all looks super jummy? Do I need to use FF or better FB/LinkedIn/Twitter and use some automated "follow back" software to gain folowers? Is it possbile to automate e-toro? Why Naga didnt accepted my account? Is Naga better than Roboforex? What are differences for Darwinex vs Roboforex vs Etoro vs Naga vs InstaForex vs N other platforms for investors profiles? Should I better use MyFxBook community possibilities? Do RickM really trade with 100k capital? Is Peter real guru? Is stocks corruptive? What did renaisance tecnologies 30 years? Maybe they are corruptive? What did Soros? And n other questions...

Quoting BlackNapkins
Do you remember the history of LTCM? They had it all figured out, Nobel Price for "dynamic risk calculation" ... they all felt great. The Fukushima nuclear power plant was designed to withstand the largest earthquakes in the area 100 years ago. And what happened? The largest earthquake in history, such as the Higher High of all times, occurred in the 12 years after the plant was built. Statistics are based on things that have happened, and all effects are known and counted.
Insurance companies still somehow survive with statistics. All depends on diversifications and risks calculations. Shit might happen. Do not keep all money on 1 account/ 1 broker, therefore. Buy some real estate. Buy some physical piece of gold. Put some piece of bitcoin on flash. Never rely on 1 strategy. Rely of portfolio of strategies. have backups...

Quoting BlackNapkins
The future does not give you such comfort, the future says that it is possible to achieve such a result, but in an infinitely many attempts ... you can have 1000 losing trades in a row and the strategy is still 75% win rate ... you do not know if and when it will happen for example, 50 losing trades in a row. But it can happen. You talk a bit too confidently about your, in fact, very good results. Do you know the future? You don't know, nobody knows. Right? Therefore, the win rate is just as important as a other factors because all the odds on our...
I dont know future. Insurance companies dont know future. They dont know which particular insured person will die in accident. Still they operate that business quite good. Same in trading. You dont know which particular strategy will win. Some definetly will lose. Some might win. Entire portfolio if made correct with some probability might win.

I use win rate % in my recent fluctuation strategy. Running 60 EAs and check win rate % fluctuations. Enters on extremes. See here results so far.

by " I dont care win rate %" I mean if someone brag and tell "I have 90% win rate"... and not showing account. We dont see dd. we dont see rr. with risk/reward 100:1 you can have 99% winrate. So what? Entire account can be blowed out with 1 deadly trade then... if SL is 100% of account.
  • #3,139
  • Aug 13, 2021 9:46am Aug 13, 2021 9:46am
Quoting gepards
{quote} did my best. you read my posts. you can point to what I totally missed (except armageddons). {quote} not possible to know "all the important conditions". Maybe I have more confidence because optimized/backtested and trade with EAs... no bad emotions. risks calculated. diversified with n accounts and 2 brokers. (well try to trade manually also on 2 accounts now - to learn). {quote} I dont know how a lot... how to get followers? How to get red diamond? What average investor want? What is profile of average investor who decides to follow? Why...
The last sentence is the best, I think.
  • #3,140
  • Aug 13, 2021 12:01pm Aug 13, 2021 12:01pm
Quoting scherzi
{quote} You don't know me. Next time I see a joke like that or disrespect towards any member of the forum, I am blocking you.
If you trade demo accaunt. You can go to demo shop and buy demo food
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