The brutal truth of day trading | Page 166 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The truth about trading 164 replies

Truth about trading 9 replies

Truth about online trading...Is this us also? 5 replies

Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies

The Bonehead Trader..please be brutal!! 47 replies

Attachments: The brutal truth of day trading
Exit Attachments

The brutal truth of day trading

  • #3,301
  • Aug 20, 2021 4:00am Aug 20, 2021 4:00am
Hello fellow traders,

This is my first time replying to this thread and a while since i last posted on FF. From what i have red this thread is about there is no predictability in DayTrading?
Correct me if im wrong.... This triggered me a bit because from my understanding you can predict the lowertime frame/Daily move to some extent! If you look at the market in terms of liquidity and the market engineering liquidity utalizing it and moving to another point of liquidity. Add the fractal nature of the market to it like liquidity being grabbed before the move during certain times/news event and you will get a clear picture how this machine works.

I will try to share my daily thoughts in here as much as possible

Greating JustPipping
Was slipping off the edge but i held up.
  • #3,302
  • Aug 20, 2021 4:12am Aug 20, 2021 4:12am
Quoting tiborf71
and he, respects others? his writings are arrogant and condescending in general, then what are we talking about.
same goes for him, and everyone, i think he is more bashed.
"Exchange of hands"
  • #3,303
  • Aug 20, 2021 4:46am Aug 20, 2021 4:46am
Here i have 2 examples of FOMC until today, these charts are from GU and EU 30M timeframe.



Attached Image (click to enlarge)
Click to Enlarge Name: afbeelding_2021-08-20_112214.png Size: 14 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GU 20821.PNG Size: 32 KB


Red lines are Buyside Liquidity and Blue lines are Sellside Liquidity. I put these on just to show the game of Liquidity even on the lower timeframes!

What you see is during a day with news like FOMC is the engineering of liquidity until the big news comes out, the blue lines are where people bought and the red lines where people sold thus placed stops below and above! If your familiar with market structure and the higher timeframe bias and points of liquidity you probably already was thinking short. And they did show lots of opportunities to go short both on EU and GU. Also you can see especially in EU the traded between the buy and sellside liquidity the whole day taking liquidity on the one side to get to the liquidity on the other side, That long blue line on EU where price dipped under just before the news and the big spike up is a Daily sellside liquidity pool! It took some liquidity there to take out the liquidity above that was engineered the whole day to then take out all the liquidity that was below that whole range.

Well thats a lot of Liquidity I hope this in any form helpful to anyone.
Was slipping off the edge but i held up.
  • #3,304
  • Aug 20, 2021 5:03am Aug 20, 2021 5:03am
Day trading (As with any trading) is very similar to thinking .....

* The difference between merely seeking answers to questions and actually learning something ....


Attached Image


* How it looks to make assumptions when it's unnecessary ....


Attached Image


* What a person needs to remember when faced with their own opinion ....


Attached Image


The main problem I have with people is the same problem they have with themself. They assume that an assumption and an opinion are healthy in any and every form. If you find this difficult to accept, just tell yourself a 100 times you are invincible then step out into on-coming traffic and see who wins. Trading is just the same. The problem people tend to have is not with the information or the facts, it's them. If you get out from underneath this, then you can problem solve much better and in shorter time. Many people remind me of that little dutch boy plugging the dam with his fingers. Eventually, something fundamental has to change.

How do you get out from underneath? Be truthful. Do what many are too chicken to do.

Intraday trading is stressful when you have to overexert to counteract your own problems.

If all you want is a tactic, strategy or quick answer, then you're just a scab or leech.

It might come as a surprise to people here but some people are just naturally altruistic. Some are not concerned by the folly of insecure people.

I'm not anything people say, I simply learned to act my age, that's all. Funny how simple the truth makes things.

Happy trails.


Peter
Real Trading is not gambling.
  • #3,305
  • Aug 20, 2021 5:16am Aug 20, 2021 5:16am
Quoting remonpilip
source: https://www.quora.com/Why-are-commod...ent-strategies I am giving everyone some free invaluable knowledge here. Most people, and especially people who profess to know what they are talking about, don’t! They spout verbage but they either don’t trade or they don’t trade successfully. Big hat, no cattle I call it! I find most self proclaimed experts spout a bunch of technical jargon and this and that, but as I said, big hat, no cattle. Now I am not selling anything so I don’t...
hey I have been trading forex for about a year now and i have struggled to be consistent enough to grow my account. I fell down the awful rabbit hole of YouTube traders and watched video after video on how to use indicators and all this technical stuff that seems to make sense when watching but when I actually hit the charts I lose. I've been scalping and losing for year taking 20 trades a day just losing and losing. Recently I've slowed down and really looked at the bigger trend and some more fundamental stuff to choose if I'm a buyer or seller, I use technical to try to get the best entry. So I totally agree that its better to look at longer term trends but I still struggle to get results I'm wanting. any tips?
  • #3,306
  • Aug 20, 2021 5:21am Aug 20, 2021 5:21am
Quoting JustPipping
Well thats a lot of Liquidity I hope this in any form helpful to anyone.
Thanks for sharing, some more illustrations:

LH - internal range liquidity hunting
LL - external range liquidity hunting
Pink lines are Break in structure
Black are retest of OBs
Attached Image (click to enlarge)
Click to Enlarge Name: 183dfdf9d8a26bd29b91c53156406579.png Size: 204 KB
"Exchange of hands"
  • #3,307
  • Aug 20, 2021 5:39am Aug 20, 2021 5:39am
Quoting bilal1947
{quote} Thanks for sharing, some more illustrations: LH - internal range liquidity hunting LL - external range liquidity hunting Pink lines are Break in structure Black are retest of OBs {image}
Im familiar with ICT

Attachment g
Here is a concept for Gold, as we can see they been grabbing sellside liquidity while leaving lots of untapped liquidity to the upside which im aiming for. That could be the first red line or the second and so forth. These ''Roadmaps'' are so simple yet so true, and indeed combine this with OBs and Voids they become very powerful.

Bilal are those boxes sessions?
Was slipping off the edge but i held up.
  • #3,308
  • Aug 20, 2021 5:39am Aug 20, 2021 5:39am
Attached Image (click to enlarge)
Click to Enlarge Name: afbeelding_2021-08-20_123934.png Size: 14 KB




Gold example
Was slipping off the edge but i held up.
  • #3,309
  • Aug 20, 2021 5:47am Aug 20, 2021 5:47am
Quoting JustPipping
{quote} Im familiar with ICT 4017955 Here is a concept for Gold, as we can see they been grabbing sellside liquidity while leaving lots of untapped liquidity to the upside which im aiming for. That could be the first red line or the second and so forth. These ''Roadmaps'' are so simple yet so true, and indeed combine this with OBs and Voids they become very powerful. Bilal are those boxes sessions?
yes first three hours of asian, london and newyork.
"Exchange of hands"
  • #3,310
  • Aug 20, 2021 6:47am Aug 20, 2021 6:47am
Till you find a reason to believe otherwise
Attached Image (click to enlarge)
Click to Enlarge Name: zVS2l6k.png Size: 63 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 0YG8i1z.png Size: 77 KB
  • #3,311
  • Aug 20, 2021 7:08am Aug 20, 2021 7:08am
Attached Image (click to enlarge)
Click to Enlarge Name: FlvDBHX.png Size: 78 KB
don't play catching the wicks, most of the time you will lose.

anyway our position is not where we take the trade, it is where we placed the STOP LOSS for it is where we are willing to give to the market.
  • #3,312
  • Aug 20, 2021 7:11am Aug 20, 2021 7:11am
Quoting mixedbags
Till you find a reason to believe otherwise {image}{image}
I see you were scammed by AIMS too.
  • #3,313
  • Aug 20, 2021 7:15am Aug 20, 2021 7:15am
Quoting ohyeah
{quote} I see you were scammed by AIMS too.
I only aim at hole, 3 holes to be exact.
  • #3,314
  • Aug 20, 2021 7:16am Aug 20, 2021 7:16am
Quoting mixedbags
{quote} I only aim at hole, 3 holes to be exact.
No I mean, AIMS trading system. I recognize the template color.
  • #3,315
  • Aug 20, 2021 7:18am Aug 20, 2021 7:18am
Quoting ohyeah
{quote} No I mean, AIMS trading system. I recognize the template color.
Amazing by the color of the chart you can recognize the system. Anyway by the color of the candle it will show the way, the wick has no color.
  • #3,316
  • Aug 20, 2021 8:01am Aug 20, 2021 8:01am
Quoting bilal1947
{quote} Thanks for sharing, some more illustrations: LH - internal range liquidity hunting LL - external range liquidity hunting Pink lines are Break in structure Black are retest of OBs {image}
Gold is upto it:
Attached Image (click to enlarge)
Click to Enlarge Name: 294e69522ad84ae9800e51fa0f6af1ff.png Size: 159 KB
"Exchange of hands"
  • #3,317
  • Aug 20, 2021 8:07am Aug 20, 2021 8:07am
Quoting mixedbags
{quote} Amazing by the color of the chart you can recognize the system. Anyway by the color of the candle it will show the way, the wick has no color.
What I mean is, the template color is from the same scammer that sells the I Trade AIMS system.
  • #3,318
  • Aug 20, 2021 8:16am Aug 20, 2021 8:16am
Quoting bilal1947
{quote} Gold is upto it: {image}
Nice trade, I don't trade Gold but good use of FIBO as markers.
  • #3,319
  • Aug 20, 2021 8:17am Aug 20, 2021 8:17am
Quoting mixedbags
{image}don't play catching the wicks, most of the time you will lose. anyway our position is not where we take the trade, it is where we placed the STOP LOSS for it is where we are willing to give to the market.
I tried TMA again, but i quit as without, it is better for me.
"Exchange of hands"
  • #3,320
  • Aug 20, 2021 8:20am Aug 20, 2021 8:20am
Quoting bilal1947
{quote} I tried TMA again, but i quit as without, it is better for me.
It repaints like hell. FIBO is more reliable to be used as markers for us to pay attention to price action
1 trader viewing now