The brutal truth of day trading | Page 164 | Forex Factory

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The brutal truth of day trading

  • #3,261
  • Aug 16, 2021 1:49pm Aug 16, 2021 1:49pm
Quoting Koop
{quote} Lol just a little photo editing. Offering my services to any Fake gurus out there. P.S ; Moderators, calm your tits!! I'm joking. Don't make me commercial.
Could you do my FB profile pic next
  • #3,262
  • Aug 16, 2021 2:22pm Aug 16, 2021 2:22pm
Quoting Koop
I've always heard that and seen people blur/shade out their account numbers but i don't understand what could possibly happen.
when you attach an account in FF trade explorer then FF admins can see your real name associated with the account. Here is what data can be exposed with API:

Attached Image (click to enlarge)
Click to Enlarge Name: ff_see_name.png Size: 129 KB

When attaching TE you expose your identity to FF. is that bad or good you decide.
  • #3,263
  • Aug 16, 2021 2:27pm Aug 16, 2021 2:27pm
Quoting joyny
{quote} when you attach an account in FF trade explorer then FF admins can see your real name associated with the account. Here is what data can be exposed with API: {image} When attaching TE you expose your identity to FF. is that bad or good you decide.

I guess the super trader with TE thread is now well and truly up the creek lol
  • #3,264
  • Aug 16, 2021 3:03pm Aug 16, 2021 3:03pm
Quoting BWilliam
{quote} Koop trades a 6 digit account.
Koop trading school was Hogwarts
  • #3,265
  • Aug 16, 2021 3:51pm Aug 16, 2021 3:51pm
Quoting Wags
{quote} Koop trading school was Hogwarts
Lol Where we have a 120% win rate and sell at the exact prices of every top.
  • #3,266
  • Aug 16, 2021 5:13pm Aug 16, 2021 5:13pm
Quoting BWilliam
Mt4 volume data. {image}
Hi BW

Don't disregard MT4 tick data.
I study both futures volume data and spot tick data side by side and the tick data is still very useful. On M1, tick data shows us the activity occurring within a candle which often shows us the point where delta may be flipping.

Last night on M1, the tick data nailed the point where the delta flipped to bullish on a candle no one would have noticed. The candle was very small and an obvious sign a EA was responsible for changing market direction.

Futures data is very clear for me when trading but everyone should take notice of usual M1 tick data as well.
Don't think of it as volume, rather think of it has order activity.

Cheers
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #3,267
  • Aug 16, 2021 5:58pm Aug 16, 2021 5:58pm
Quoting PeterCaleb
When I look at my feet, am I looking down or seeing down? I can never remember. I just let my feet look up at my head and meanwhile my head looks at my feet. This is how I remember to stay grounded when I read some of this on forums or online or what I hear people talk about at the pub. Sometimes I think people really do believe their own opinions. Not talking about my previous post response or writing this because of it at all. Just speaking generally. I say be your own "XYZ" and leave the manure back in the truck. If what you have learned can...
No, just verbal diarrhea.
  • #3,268
  • Aug 16, 2021 6:32pm Aug 16, 2021 6:32pm
Quoting PeterCaleb
When I look at my feet, am I looking down or seeing down? I can never remember. I just let my feet look up at my head and meanwhile my head looks at my feet. This is how I remember to stay grounded when I read some of this on forums or online or what I hear people talk about at the pub. Sometimes I think people really do believe their own opinions. Not talking about my previous post response or writing this because of it at all. Just speaking generally. I say be your own "XYZ" and leave the manure back in the truck. If what you have learned can...
What if you were standing on your head?
  • #3,269
  • Aug 16, 2021 9:07pm Aug 16, 2021 9:07pm
Quoting Wags
{quote} What if you were standing on your head?


Hehehe, then I suppose you're perspective would be different wouldn't it. I sense many people seem to look at things that way. What I find funny about all this these days, people want to uphold their own 'personal truth', but personal truth belief isn't going to halt a semi trailer truck from pummelling your ass into the asphalt just because you want to walk across the street with your head buried in your walkabout hand computer because some 'celebrity' said something funny on 'twitter'.

It makes me laugh.

So yeah, standing on you head changes it doesn't it. Hehehehehe.

I also love it when people commandeer other people's input/knowledge and call it their own. That's pretty funny to watch as well. Hehehehe


Peter
Real Trading is not gambling.
  • #3,270
  • Aug 17, 2021 2:10am Aug 17, 2021 2:10am
Quoting BWilliam
{quote} On FF you can't take anything seriously. I'm here only for the entertainment. If you're interested in research you do it with a few like minded members on the same page in small group away from FF.
I'll do my part and provide some entertainment. I started a demo to test something (technical) but let's go into a story, it appears GBPNZD doesn't like the Whyckoff method You can fill in the blank and create a Whyckoff story about why, or even more funny, if someone could create and tell a Gann story about why.
Attached Image (click to enlarge)
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  • #3,271
  • Aug 17, 2021 4:06am Aug 17, 2021 4:06am
Quoting ohyeah
{quote} I'll do my part and provide some entertainment. I started a demo to test something (technical) but let's go into a story, it appears GBPNZD doesn't like the Whyckoff method You can fill in the blank and create a Whyckoff story about why, or even more funny, if someone could create and tell a Gann story about why. {image}
as for GBPNZD you need to stand on your head to trade it. Else just turn the monitor upside down it will fix the problem.
  • #3,272
  • Aug 17, 2021 4:08am Aug 17, 2021 4:08am
As for me closed shop
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the narrative of Afghanistan is playing out via YEN
  • #3,273
  • Aug 17, 2021 4:08am Aug 17, 2021 4:08am
Quoting mixedbags
{quote} as for GBPNZD you need to stand on your head to trade it. Else just turn the monitor upside down it will fix the problem.

Well im from UK so i always trade AUD pairs standing on my head
  • #3,274
  • Aug 17, 2021 4:10am Aug 17, 2021 4:10am
Quoting Wags
{quote} Well im from UK so i always trade AUD pairs standing on my head
spilled my beer, lol
  • #3,275
  • Aug 17, 2021 11:59am Aug 17, 2021 11:59am
Quoting PeterCaleb
{quote} Hehehe, then I suppose you're perspective would be different wouldn't it. I sense many people seem to look at things that way. What I find funny about all this these days, people want to uphold their own 'personal truth', but personal truth belief isn't going to halt a semi trailer truck from pummelling your ass into the asphalt just because you want to walk across the street with your head buried in your walkabout hand computer because some 'celebrity' said something funny on 'twitter'. It makes me laugh. So yeah, standing on you head changes...
if you’re so smart and know everything better than others, you’re already a billionaire, right.
lol.
  • #3,276
  • Edited 6:53am Aug 18, 2021 6:29am | Edited 6:53am
Quoting gepards
{quote} It might be quite doable for some penny stock.
Sorry have been holiday, not need to do penny stocks, I have been watching enough long time NZD and its vulnerable any kind of manipulation.
and then after "majors" there are plenty of others.
Goldman Sachs told they use to have 40 sources and its too expensive maintain , and will decrease these vendors at least half. You can see every night, and brokers tell they have at least 20 ... how brokers can have if GS cant.
so how there can be so big gaps, all the time if they really have wide spectrum. I dont belive it. Please check some of pairs which dont have huge spread.
It can be multitrillion markets for BIG's but what we see retail side is thin ?, and can be vulnarble, offcourse this means for people whose trading horizon/window is not long.

What i wrote earlier it was half joke, before going holiday, but other part is serious.
I just want to see how this multi trillion currency market is it. or how they say it, often you can see how , people sit hands under they butts, even couple days have seen this with EU , august could be best month try to do something. and check reality. and if enough person come to this it wont hurt if we are wrong, speculating.
I mean why Darwin Ceo tells liquiduity providers want them give profitable traders sub account numbers to them. ? Think about that WHY ?

How dude from bedroom could spoof S&P500 ?, how one ukraine citadel and USB developers told some of code which do price matching are so simple ,
but somehow they still use antic code which have made same time when fractional prices where used.

Is it illgal put some real trades some areas and then limit orders some areas ?
SEC and FCA could maybe come to talk, other markets but how about unregulated FX ?
  • #3,277
  • Edited 7:11am Aug 18, 2021 7:00am | Edited 7:11am
Quoting RickM
{quote} Hi kK100 I have done that with a few buddies three years ago to prove liquidity is thin. We as a group brought AUDNZD a few minutes after day open and got a half a pip movement when the spread was large. Admittedly we loss our money on spread but we did nudge price just a small bit. Cheers
I sometimes do trades with that pair, and allways thinking why brokers like IC have so huge spread, or other A or N, should have good contacts.
and earlier thinking why you and profitfarmer like to trade GN, GA pairs, and EN and EA pairs because they are so manipulated and can fly without air. Earlier my explanation was, because you two are so skilfull, and I still belive it. for me it try to avoid.

Anyhow if we can start manipulating USD Singapore Dollar rates which spread is not bad. There are lot of Pros what tried use neural networks like a NIBS more than 20 years ago. that can be one of targest.
  • #3,278
  • Aug 18, 2021 4:44pm Aug 18, 2021 4:44pm
Quoting kk100
{quote} I sometimes do trades with that pair, and allways thinking why brokers like IC have so huge spread, or other A or N, should have good contacts. and earlier thinking why you and profitfarmer like to trade GN, GA pairs, and EN and EA pairs because they are so manipulated and can fly without air. Earlier my explanation was, because you two are so skilfull, and I still belive it. for me it try to avoid. Anyhow if we can start manipulating USD Singapore Dollar rates which spread is not bad. There are lot of Pros what tried use neural networks...
Hi KK100

I honestly find it better just to wait till liquidity is barren in either bids or asks as its hitting a cluster, then trying to gang up against the big players. I do think most traders here fall for the deep liquidity / bankers always in control bullshit.
There are many times when bankers have little control of the markets have have to "wait it out" till they control the order book again.

Two areas I know the bankers can't touch my setups is firstly when trading liquidity at exhaustion at either side of a order clusters, or secondary if I trade with the herd at high volume aggressive market order breakouts.

Its the easiest way to make money trading the financial markets, trade against low volume breakouts, trade with high volume breakouts.
But without a good source of order volume / liquidity density data - the average trader will get slaughtered.

Volume in both order size and delta is the one tool they try to hide from retail traders, its no wonder why.

Cheers
Trading thin liquidity at the boundary of the charts
  • #3,279
  • Aug 18, 2021 9:33pm Aug 18, 2021 9:33pm
Quoting kk100
{quote} Sorry have been holiday, not need to do penny stocks, I have been watching enough long time NZD and its vulnerable any kind of manipulation. and then after "majors" there are plenty of others. Goldman Sachs told they use to have 40 sources and its too expensive maintain , and will decrease these vendors at least half. You can see every night, and brokers tell they have at least 20 ... how brokers can have if GS cant. so how there can be so big gaps, all the time if they really have wide spectrum. I dont belive it. Please check some of pairs...
Hi KK100

I mean why Darwin Ceo tells liquiduity providers want them give profitable traders sub account numbers to them. ? Think about that WHY ?

Like you said, if a trader becomes too profitable, they may come to the attention of not only your broker but their liquidity provider themselves. A good broker will protect the trader from these woolfs - don't just think your broker is the only bad guy.
I have always said, trade smaller with multiple brokers and hopefully you will stay under the radar and survive as a retail day trader.
If you get caught, its off to Stocks or Cypto or Futures.
Trading thin liquidity at the boundary of the charts
  • #3,280
  • Aug 19, 2021 3:48pm Aug 19, 2021 3:48pm
Quoting RickM
{quote} Hi KK100 I mean why Darwin Ceo tells liquiduity providers want them give profitable traders sub account numbers to them. ? Think about that WHY ? Like you said, if a trader becomes too profitable, they may come to the attention of not only your broker but their liquidity provider themselves. A good broker will protect the trader from these woolfs - don't just think your broker is the only bad guy. I have always said, trade smaller with multiple brokers and hopefully you will stay under the radar and survive as a retail day trader. If you...
I always heard that a broker will categorise a trader based on their perfomance and place them accordingly, trade with the good and against the bad, like any good bookmaker would

Out of interest how did the strong moves affect your trading today

I got ripped overnight
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