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1001 strategies/approaches to trade

  • #21
  • Nov 14, 2022 12:01pm Nov 14, 2022 12:01pm
Quoting PippityPips
{quote} so let me get this straight. You are not making enough to cover your bills, yet you already have 1001 strategies? might I suggest you really hone into one of the thousands you have and make that one profitable?
There is more than one way to do it. Trading one strategy is one way. But looks like you still haven’t read through my other thread.

Guess what my my 1001 strategies result in? An overall dynamic trading system that can adjust as the market changes. I could switch strategies within minutes of trading, same as I did today.
  • #22
  • Nov 14, 2022 12:14pm Nov 14, 2022 12:14pm
Quoting PippityPips
{quote} so let me get this straight. You are not making enough to cover your bills, yet you already have 1001 strategies? might I suggest you really hone into one of the thousands you have and make that one profitable?
Also, I have over 20,000 hours analyzing charts and between 150,000 and 200,000 trades executed across multiple markets over past 10+ years. This experience has taught me the methods that I use.
  • #23
  • Nov 14, 2022 1:37pm Nov 14, 2022 1:37pm
Quoting PippityPips
{quote} so let me get this straight. You are not making enough to cover your bills, yet you already have 1001 strategies? might I suggest you really hone into one of the thousands you have and make that one profitable?
This may be the last time I respond to you until you learn to ask intelligent questions. So unless you don’t care if you get blocked, don’t post meaningless questions that could be construed as a bit disrespectful.

People who don’t know enough about trading think it should be so easy to trade an account and exponentially increase it because you just use the same risk parameters on big account verses small account.

They also think that if you have one strategy that works you should be able to be profitable since it should be so easy to wait for that setup and only trade that.

What they don’t understand:

1) There is a huge difference trading when you could lose a week’s salary within minutes with one trade, verses lose about what you’d get paid for, working less than one hour. Or even losing a days wage in an hour or 2 even when trading very small. Can you handle that and come back the next day and recover?

2) Even if you can watch chart 24 hours per day, and ONLY take a setup that looks exactly the same, you would rarely trade because the exact same setup rarely occurs. Rather there are variations of variations of setups and variations of variations of market conditions, that you have to learn and know how to manage each trade in each variation of each variation from start to finish.

For a select few, maybe the above 2 mental/emotional roadblocks don’t occur because they have no emotions or they have a photographic memory and an uncanny ability to focus. Or some other extreme ability that makes trading easy for them.

But for the rest of us we have to put in the the time and work to become part of the select few who can trade successfully.
  • #24
  • Nov 14, 2022 4:52pm Nov 14, 2022 4:52pm
So when would SA #2 not work? First let me say any setup can be invalidated due to price doing whatever it does. There is no guarantee. Only probabilities.

But SA #2 probability decreases when price continues to increase in volatility and tests levels repeatedly.

example: Today (below chart arrows numbered from left to right) price came back again to the horizontal level traded from before, but this time it fell through - arrow #1

but the trend line held again and would have been a really good opportunity to enter long again - arrow #2

Price came back and tested the horizontal level again, and again fell through - arrow #3

and finally the trend line tested one more time and fell through - arrow #4

So still one good trade but considering each level of interest could net more than one loss, it would have been risky to keep trading SA #2
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  • #25
  • Edited 9:55pm Nov 14, 2022 5:23pm | Edited 9:55pm
SA #3 one of my favorite setups, and there are numerous variations. In fact I mentioned one already above.

Here is a focused example. A bearish reversal/breakout.

The blue line is a prior high drawn on H1. Notice price rejected it and can’t break it after repeated tries barely making it half way back up, all the while repeatedly testing the level at the bottom of consolidation. Remember. What happens if price repeatedly tests a level? BREAK OUT.

After price breaks out the arrow shows short entry at the 12 ema with trend line confluence.

Then notice how the prior bullish trend line was broken/tested/rejected.

Easily a 100-200 pip winner, a TP at any possible bullish support would be in play. But if price is not making HHs and only LLs seems like a good time to go for as much as possible.

When not to take this trade? ALWAYS take this trade. Super high probability.
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  • #26
  • Edited 12:46am Nov 15, 2022 12:15am | Edited 12:46am
SA #4 FB variation - in consolidation

ideally in the direction of overall trend, looking for a LL followed by HH (bullish) or HH followed by LL (bearish).

target the HH or LL depending on whether bullish or bearish.

on chart FB is shown LL red circle, HH green circle, entry point shown by arrow.

there are more variations of this SA. In this case due to high volatility, enter as close as possible to the FB level
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  • #27
  • Nov 15, 2022 12:26am Nov 15, 2022 12:26am
When not to use SA #4. If PA is all over the place and the FB are in both directions with overall direction looking unclear. Or if you trade this and get stopped out, be careful as it could be another FB and unpredictable.

Above example the FB clearly looked bullish as the upward move was quick and strong.

Also keep in mind what likely causes these is institutional trades loading up positions, so it can easily fake you out and/or the PA can end up unreadable.

At any rate, if you don’t like getting whipsawed, why not wait till the FB happens and trade that? These do happen quite frequently, but if you aren’t used to trading them, it can take time to learn all the variations. More to come…
  • #28
  • Nov 16, 2022 2:20pm Nov 16, 2022 2:20pm
Doesn’t seem to be much interest here so I probably will end this discussion
  • #29
  • Nov 16, 2022 2:46pm Nov 16, 2022 2:46pm
Quoting benaiah
Doesn’t seem to be much interest here so I probably will end this discussion
Well.. here is the thing.. I dont see the value of the MA's?

You are trading basic price action (which is awesome!!) But the MA's are really not doing anything in your examples.
It's more decoration than anything else.

Take off the MAs and all our Trades are still exactly the same with your drawn lines.
Dont be upset with the result you didnt get from the work you didnt do
  • #30
  • Nov 16, 2022 4:02pm Nov 16, 2022 4:02pm
Quoting TDT.Coffee
{quote} Well.. here is the thing.. I dont see the value of the MA's? You are trading basic price action (which is awesome!!) But the MA's are really not doing anything in your examples. It's more decoration than anything else. Take off the MAs and all our Trades are still exactly the same with your drawn lines.
quite possible to see the same trade with different methods and if you aren’t in to EMAs, that’s ok

But not all the trades posted use the EMAs, but I leave them on my charts

I keep EMAs on the chart for decoration (just kidding)
  • #31
  • Nov 16, 2022 4:12pm Nov 16, 2022 4:12pm
Quoting TDT.Coffee
{quote} Well.. here is the thing.. I dont see the value of the MA's? You are trading basic price action (which is awesome!!) But the MA's are really not doing anything in your examples. It's more decoration than anything else. Take off the MAs and all our Trades are still exactly the same with your drawn lines.
here are 2 trades I took this morning on M5 that gained about 17%. Arrows show the entries…

just curious if you did or would have taken the same trades and if so what would be the reason for entry? Without the EMAs, I wouldn’t have seen a valid entry at that time, since there were so many choppy levels, would have seemed difficult to pick where I could assume a bounce….
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  • #32
  • Nov 16, 2022 4:27pm Nov 16, 2022 4:27pm
Quoting benaiah
{quote} here are 2 trades I took this morning on M5 that gained about 17%. Arrows show the entries… just curious if you did or would have taken the same trades and if so what would be the reason for entry? Without the EMAs, I wouldn’t have seen a valid entry at that time, since there were so many choppy levels, would have seemed difficult to pick where I could assume a bounce…. {image}
17% on such a tiny move in a terrible choppy Market.. and that through the power of your EMAs!!! Do that a few times in a week or month and you can drink coffee with Elon Musk!

Large Candle and then you enter around a 50% retrace of said Candle.. people used that type of entry method before candlesticks were even a thing.
You just happened to enter a tiny bit further down.. could have also been the same for the trader looking at 50% level.

But then again, you dont even show your entries for some reason of your clearly over risked trade/s.

Edit: I wouldn't have entered neither with or without the EMA's. I rather wait for a proper setup instead of over risking in a terrible choppy environment.
Dont be upset with the result you didnt get from the work you didnt do
  • #33
  • Nov 16, 2022 4:36pm Nov 16, 2022 4:36pm
Quoting benaiah
Here was my winning set up today after 4 losses invalidated former setups. I will explain this as SA #2 when I have time. I was able to double my position with a second entry without increasing risk. The 2 entries are circled in green. This means since my original risk was about .36%, and total gain on the trade was about 4.5%, it was a +12R winner… {image}
Both of your buy trades here are against your 2EMAs, how did your EMAs do anything for you there?
Dont be upset with the result you didnt get from the work you didnt do
  • #34
  • Edited 6:44pm Nov 16, 2022 6:02pm | Edited 6:44pm
Quoting TDT.Coffee
{quote} Both of your buy trades here are against your 2EMAs, how did your EMAs do anything for you there?
We are not seeing the same thing. I assumed the EMAs would hold as support and they did.

entry was based on the bullish spike and a pull back entry to the EMAs

also the volatility was high which is why I didn’t hold for more than a few minutes
  • #35
  • Edited 7:13pm Nov 16, 2022 6:24pm | Edited 7:13pm
Quoting TDT.Coffee
{quote} 17% on such a tiny move in a terrible choppy Market.. and that through the power of your EMAs!!! Do that a few times in a week or month and you can drink coffee with Elon Musk! Large Candle and then you enter around a 50% retrace of said Candle.. people used that type of entry method before candlesticks were even a thing. You just happened to enter a tiny bit further down.. could have also been the same for the trader looking at 50% level. But then again, you dont even show your entries for some reason of your clearly over risked trade/s....
Ok. The entries were like this. But due to trading from a DD from the day before ended up 10% gain overall After the trade.

Also included the 2 losses before I got the entries that held, so around about +7 RR if looking at losses and SLs for the winners.
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  • #36
  • Nov 16, 2022 6:29pm Nov 16, 2022 6:29pm
Quoting TDT.Coffee
{quote} 17% on such a tiny move in a terrible choppy Market.. and that through the power of your EMAs!!! Do that a few times in a week or month and you can drink coffee with Elon Musk! Large Candle and then you enter around a 50% retrace of said Candle.. people used that type of entry method before candlesticks were even a thing. You just happened to enter a tiny bit further down.. could have also been the same for the trader looking at 50% level. But then again, you dont even show your entries for some reason of your clearly over risked trade/s....
‘Sorry but it was a way deeper pull back than 50%

closer to 70%
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  • #37
  • Nov 16, 2022 6:33pm Nov 16, 2022 6:33pm
Quoting TDT.Coffee
{quote} 17% on such a tiny move in a terrible choppy Market.. and that through the power of your EMAs!!! Do that a few times in a week or month and you can drink coffee with Elon Musk! Large Candle and then you enter around a 50% retrace of said Candle.. people used that type of entry method before candlesticks were even a thing. You just happened to enter a tiny bit further down.. could have also been the same for the trader looking at 50% level. But then again, you dont even show your entries for some reason of your clearly over risked trade/s....
and I wouldn’t call 80 pips a tiny move.The RR was also good.
  • #38
  • Edited 7:44pm Nov 16, 2022 6:49pm | Edited 7:44pm
Quoting TDT.Coffee
{quote} 17% on such a tiny move in a terrible choppy Market.. and that through the power of your EMAs!!! Do that a few times in a week or month and you can drink coffee with Elon Musk! Large Candle and then you enter around a 50% retrace of said Candle.. people used that type of entry method before candlesticks were even a thing. You just happened to enter a tiny bit further down.. could have also been the same for the trader looking at 50% level. But then again, you dont even show your entries for some reason of your clearly over risked trade/s....
And thanks for posting your view. Trading the US open isn’t for everyone. And some days it’s not for me either.

if you don’t agree with any of my SAs, that is fine.

Actually I did risk more than I normally am comfortable with today, but my average was still less than 1%. Every day is not good. Some days I have a DD. And on one of my accounts I’ve lost a good portion of my profits I had due to 3 days of DD. But currently up about 10% across 4 different accounts, so for now it is working.

but remember I trade very small accounts, so it isn’t a boatload of money I’m making here. Plan to work up to larger accounts eventually
  • #39
  • Nov 17, 2022 12:02am Nov 17, 2022 12:02am
Funny thing is, TDT.Coffee. You are proving my point. There is no interest. Only negative feedback for the most part so far.

I don’t even know why you are responding to me. You don’t like hearing anything I’ve learned from my 10+ years and 20k hours in front of the charts with 150-200k trades executed? It doesn’t hurt my feelings. Your mind is closed. You think you know better. Maybe you do? But I wouldn’t know since you haven’t shared anything of value to me as of yet. I didn’t really ask for your opinion but you gave it, and and so here we are.

But again, if what you are doing is working, I don’t know why you would be on this thread. I don’t bother looking at anyone else threads with their strategies or approaches. Don’t need to. I do frequently speak with someone about trading. Same friend for the past decade. And we’ve learned from each other. So I’m not against others ideas, But I don’t go seeking out strategies or approaches. I’m just fine with what I have. And I also don’t troll others who see things differently than I do and assume because I don’t see it the same way and/or don’t understand it that it is worthless.

I’ve been in the trading business long enough to see and experience other traders who may or may not see the same thing with different methods. I’ve also seen other traders do things that would seem impossible. How about executing 100 trades without a single loser? I know a trader who did that.

Again, it doesn’t hurt my feelings.

But I might share just one more strategy. One for the road, as the saying goes. Maybe…
  • #40
  • Nov 17, 2022 12:27am Nov 17, 2022 12:27am
Or how about this , TDT.Coffee.

Are you expecting someone to show you something different that nobody else knows or nobody has ever done?

it’s all been done. Most so called trading Gurus take the same simple things you can find all over the internet for free and charge you lots of money for their recycled garbage. They make new names for stuff that everyone else has been doing and act like they invented the methods.

I never said I had 1001 NEW strategies. Just 1001 period.

and do you actually even think that the SA is the most important thing to be successful? It is not.

Part of the reason I started this thread was to benefit myself really. Just have it all documented.

It’s also too bad that you don’t have a better attitude and ask questions with the desire to actually learn something. Instead you just get all sarcastic and negative.

And finally, you called the PA I traded today as choppy and you wouldn’t have traded it. I used to feel that way too about the US open time. However I learned to trade it. I can trade any kind of PA that exists because I have traded through so many situations. Doesn’t mean I don’t have losing days, or that I am right all the time. In fact I lose most of my trades. In the past I have had huge percentage gains with as low as 15% win rate.

Because of my low win rate another running joke I have with my trading friend is, that he should never listen to anything I say because I am wrong most of the time.

So maybe that applies here. Don’t listen to anything I post. Since I am wrong most of the time. I lose most of my trades. However I am profitable, so go figure lol
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