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  • #768,561
  • Aug 19, 2023 12:52pm Aug 19, 2023 12:52pm
Quoting Robinhood1
{quote} So we not going to see you trades. Its a pity, would like to know level of the person came debating. I am done with you till i see what you are doing as a trader bye
Hang on buddy!
You can find my journal with tons of charts. real one .
on a postive roll...
  • #768,562
  • Aug 19, 2023 12:59pm Aug 19, 2023 12:59pm
Quoting tiborf71
it's not worth posting anything here, I just go in sometimes and check the calendar.
Is this only when i am being attacked. I see this every day but do not see your complaints. I have been quiet for months. Are you on board too or something else?
POSTMASTER
  • #768,563
  • Aug 19, 2023 1:01pm Aug 19, 2023 1:01pm
I think i will start using the holy Button. A long time since. The embush has started.no worries.
POSTMASTER
  • #768,564
  • Aug 19, 2023 1:04pm Aug 19, 2023 1:04pm
thanks to 100% win rate.
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on a postive roll...
  • #768,565
  • Aug 19, 2023 1:05pm Aug 19, 2023 1:05pm
I was only going to be here for a month, i might stay one year now, get my haters running up the wall
POSTMASTER
  • #768,566
  • Edited 1:24pm Aug 19, 2023 1:11pm | Edited 1:24pm
Quoting Robinhood1
{quote} Is this only when i am being attacked. I see this every day but do not see your complaints. I have been quiet for months. Are you on board too or something else?
I only write a little, I don't care about the commonly used strategy here. So I don't care much about this thread.
but everything is fine anyway.
as I wrote before, there is a lack of dissenters in this thread, and this is no accident.
  • #768,567
  • Aug 19, 2023 1:25pm Aug 19, 2023 1:25pm
Quoting Nordling
Guys, i have a serious question. All answers are welcome. So i am trading for almost 5 years now. I have system and i think i have an edge. I am a position trader who trades based fundamentals, so i do around 1 or 2 trades per month. I should let my trade breathe, since my trades take a long time and price ranges are big. Yet i still have to put a stop loss, coz i am thinking about trading with a prop firm. My drawdown should remain low. Based on years of testing, my win rate is around 70% (no i am not bragging) but my risk reward ratio is 1 to...
Hi man. I'll share my thoughts, even if I know some aspects were already touched by other members' replies. I'll try to be short:

- first of all, for context, I trade intraday, scalp, swing etc. I very rarely keep opened positions over night. I admire your patience to keep a trade running for 1 month or more...look at last August, the markets stayed confined in a range of 150 pips and then there were some massive moves up and down...that's too much for me

- i dont think your long term strategy is suitable for prop firms challenge; they want short term profits (big profits) with low DD and many other conditions; in my opinion the intraday traders have more chances to succeed

- regarding the stop loss placement: I dont use a stop loss, because I want to avoid the spikes and other brokers' tricks. But I monitor the price behavior and if I notice the price really goes against me, I close the trade with a loss without hesitation. Of course on some occasions the price returns to my initial direction, but from my experience these are rare cases, so why should I keep the trade opened based on hope? The thing is that watching the 1 min chart for some time I developed a sense of feeling the market which allows me to cut the losses short and to add to winning positions. Now, why am i telling you this? Because we all know the market is fractal. So you should develop a similar skill of understanding when the market is clearly going against you and at that point close the position with a loss. So that's it...no hard stop loss based on last swing high, last swing low, fixed amount of money, percentage of the account etc., but rather based on price action. I really dont know how long you would need to accomplish that, having in mind that you trade on time frames such as daily and above...

Hopefully I made myself clear. It is Saturday evening after all...

Good luck,
B

PS if you want i can expand on why placing a stop loss above or below the last swing high/low is such a tricky thing.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #768,568
  • Aug 19, 2023 1:31pm Aug 19, 2023 1:31pm
Quoting DrDave
{quote}Just keep in mind that in reality, almost no one does actually makes their evaluations of their trading by risk:reward of the trades! R:R is ONLY applicable when the SL and TP are set at the start of the trade and then the ALLOWED TO RUN UNDISTURBED! They enter the trade and then manipulate TP and/or SL and then AFTER THE TRADE IS CLOSED, evaluate the initial risk versus the reward! That is not how risk:reward works. When you see cries of joy at a trade that was 1:9 R:R, you immediately know that is fake news: The REAL R:R was most likely...
Agree, this is why I take partial and re add back when the market allows us to, because we cannot know the reward beforehand. We may set a target, but that doesnot meant it "will" hit.
Or Just because we risk 1% of our capital, does not meant the market should give us 2% of our capital.

We are not a tree, every component in trading is flexible, we can change it at anytime to increase our odd of success.
Like Mark Douglass put it, every tic up or down is an opportunity for you to do something for your best interest.

The idea that price movement is not yet done or "there is room to more rise or more fall," I use magnet of the chart which attract price to it + fundamentals reason to why the currency might go there / why it nay not go there. I try to assess which event is more probable.

This increase my RR - varies from 1:2.5 to 1:4 - but i always play the game by taking some money out of the table, re assess the structure, re-add back if structure not yet broken,

My risk reward is not 100 pip SL or 200 Pip TP! Also, i used my SL as a hard stop, but my Invalidation level decided if will hold the trades or close it, with the decision purely based on how PA flirts with my invalidation level. If i'm infront of my screen, i'm out on 10-15pip else the hard stop get hit at 2x ATR (1hr)
More time in the market, does not mean you trade better!
  • #768,569
  • Aug 19, 2023 1:49pm Aug 19, 2023 1:49pm
Quoting bfx17
{quote} Hi man. I'll share my thoughts, even if I know some aspects were already touched by other members' replies. I'll try to be short: - first of all, for context, I trade intraday, scalp, swing etc. I very rarely keep opened positions over night. I admire your patience to keep a trade running for 1 month or more...look at last August, the markets stayed confined in a range of 150 pips and then there were some massive moves up and down...that's too much for me - i dont think your long term strategy is suitable for prop firms challenge; they want...

To add to that:

If I would position trade then:
1. bullish market I would start adding positions below 4h swing. Add every 20 pip layer
2. bearish market swing highs with same logic.

Use round numbers to add layers for example. .100 .500 are great.

Hope it helps
How to succeed in zero sum game?
  • #768,570
  • Aug 19, 2023 1:56pm Aug 19, 2023 1:56pm
Quoting DrDave
{quote}Just keep in mind that in reality, almost no one does actually makes their evaluations of their trading by risk:reward of the trades! R:R is ONLY applicable when the SL and TP are set at the start of the trade and then the ALLOWED TO RUN UNDISTURBED! They enter the trade and then manipulate TP and/or SL and then AFTER THE TRADE IS CLOSED, evaluate the initial risk versus the reward! That is not how risk:reward works. When you see cries of joy at a trade that was 1:9 R:R, you immediately know that is fake news: The REAL R:R was most...
Dave, the profit factor is accurate and doesn't allow anyone to manipulate R:R ratio. Yes, R:R is meaningless.

When evaluating trading strategies we are helped by many different types of measures of a strategy’s performance. One of the most common ones is profit factor.
The profit factor simply is the ratio between gross profits and gross losses. This means that a strategy that lost $200 but won $400 will have a profit factor of two. In trading, it’s essential to ensure that you have a profit factor that isn’t too low, in order to leave room for strategy degradation, which is inevitable.
the rest is here...https://therobusttrader.com/profit-factor/
We have professional traders here with a profit factor of 1164 and 300. I'm so behind that I won't post mine b/c it won't impress anyone. and as everyone knows I'm here to impress the masses
Always trade your own plan...I don't provide trading signals.
  • #768,571
  • Aug 19, 2023 2:02pm Aug 19, 2023 2:02pm
Quoting bfx17
{quote} i dont think your long term strategy is suitable for prop firms challenge; they want short term profits (big profits) with low DD and many other conditions; in my opinion the intraday traders have more chances to succeed
Ok, so why would a long term strategy not be suitable for a prop firm challenge when they offer long term strategies?. Can you please elaborate.
Cheers.
Trade to trade another day
  • #768,572
  • Aug 19, 2023 2:29pm Aug 19, 2023 2:29pm
Quoting Wavegarrick
{quote} Ok, so why would a long term strategy not be suitable for a prop firm challenge when they offer long term strategies?. Can you please elaborate. Cheers.
Sure. First of all, what is the goal of these prop firms:

A. to make money from fees
B. to identify top traders capable of making good returns
C. a combination of A and B?

I say it is A, but for the sake of argument, let's pretend is C, meaning that they want to make money from fees and to identify top traders to invest in. Now, assuming that you are a prop firm and you have 10 mil to fund the accounts of these top traders, what type a traders would you fund: short term traders which could generate 5-10% a month or the long term traders generating 10-20% a year? The answer is obvious.

But before expanding further, can you give me a clear example of "a prop firm challenge for long term strategies"?

Cheers
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #768,573
  • Aug 19, 2023 2:33pm Aug 19, 2023 2:33pm
Quoting dempire1
{quote} I was reading from a book couple of years ago about how institution was using smaller SL with Average True Range. They used something like 30-40% of x Average True Range as SL which gave them opportunities with less than 100 pips SL. If I remember correctly it was around 35-50ish. You can play around with that also. I don’t remember what was the book called. I could dig it up tomorrow-monday.
dempire1, explore the ATR topic. It's the simplest quantitative analysis but very effective. If you checked my charts, you know I use 100. 120. 150% daily values to establish the area for possible exhaustion level. I combine ATR with the other methods (range ext. and the end of HP or EW patterns). I discussed the subject on Aug. 10 with a friend of mine using the trades in micro ES.
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Always trade your own plan...I don't provide trading signals.
  • #768,574
  • Aug 19, 2023 2:47pm Aug 19, 2023 2:47pm
Quoting bfx17
{quote} Sure. First of all, what is the goal of these prop firms: A. to make money from fees B. to identify top traders capable of making good returns C. a combination of A and B? I say it is A, but for the sake of argument, let's pretend is C, meaning that they want to make money from fees and to identify top traders to invest in. Now, assuming that you are a prop firm and you have 10 mil to fund the accounts of these top traders, what type a traders would you fund: short term traders which could generate 5-10% a month or the long term traders...
  • #768,575
  • Edited 3:12pm Aug 19, 2023 3:00pm | Edited 3:12pm
Quoting Rmg
{quote} I am Sorry too . To many speculations about central algo theory in the past in FF. when You say 100% strike rate its comes with too many caveats such as no stop or wide stop/ 1 pip target. Just curious I know there is more then 1 way to be profitable.
theres this guy named profits7 in the gold thread...he likes bragging how much hes making and claims a ridiculously high winrate...but...LOL

once you take a closer look at the trades he posts many of them only make 1.1 or 1.2 or even 2.0 pips..on gold the spread can be up to 30 cents..thats 3 pips so hes trying to profit between the spread...i wouldnt lift my index finger to click the buy button on my mouse for that LOL...
i laughed and told him his broker is making more profit on hios trades than he does...he put me on ignore LOL
ithe one time i bothered looking at his claims i think his biggest trade was on usdjpy for 2.5 pips...like WTF...why would some retail guy sitting at home try to be a HRT trader...it would turn me to jelly and have brainrot trying to pick miniscule trades like that. he claims he trades 16 standard lots so if he makes 1.1 pips on gold he makes 176 dollars but i noticed he had 3 pip losses too so that wipes out 2 or 3 of his profitable trades...and hes nowhere near his claimed rate....100% is impossible ...i dont even think the real HRT guys using algo with the highest speed fiber thread connections right next to the exchanges will claim 100%

btw HRT is just the computer age name for frontrunning of olden days LOL


edit: meant HFT i got big hands and fat fingers so make lots of typos LOL..high frequency trades
short trump and go long the deepstate
  • #768,576
  • Aug 19, 2023 3:01pm Aug 19, 2023 3:01pm
Quoting bfx17
{quote} Sure. First of all, what is the goal of these prop firms: A. to make money from fees B. to identify top traders capable of making good returns C. a combination of A and B? I say it is A, but for the sake of argument, let's pretend is C, meaning that they want to make money from fees and to identify top traders to invest in. Now, assuming that you are a prop firm and you have 10 mil to fund the accounts of these top traders, what type a traders would you fund: short term traders which could generate 5-10% a month or the long term traders...
Well pardon my lack of knowledge then. I have no clue with these prop firms and read somewhere that you can hold trades over weekends. I obviously got the wrong end of the stick. So I take it that it is for scalpers only. My bad. Sorry.
Cheers.
Trade to trade another day
  • #768,577
  • Aug 19, 2023 3:03pm Aug 19, 2023 3:03pm
Quoting Whale
{quote} Keep doing it.. it just reveals you are losing
You certainly are clue less

You certainly are clueless.
  • #768,578
  • Aug 19, 2023 3:10pm Aug 19, 2023 3:10pm
Quoting Wavegarrick
{quote} Well pardon my lack of knowledge then. I have no clue with these prop firms and read somewhere that you can hold trades over weekends. I obviously got the wrong end of the stick. So I take it that it is for scalpers only. My bad. Sorry. Cheers.
hi man. no worries. i am not an expert in prop firms myself. there are other members here with a lot of experience, who can share their view. for instance i noticed a trader, navk or similar, who earns a new prop account each week or so...this is the type of trader who can issue a relevant opinion about prop firms.

have a nice weekend,
cheers
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #768,579
  • Aug 19, 2023 3:14pm Aug 19, 2023 3:14pm
[quote=Zebi;14542335]{quote} theres this guy named profits7 in the gold thread...he likes bragging how much hes making and claims a ridiculously high winrate...but...LOL once you take a closer look at the trades he posts many of them only make 1.1 or 1.2 or even 2.0 pips..on gold the spread can be up to 30 cents..thats 3 pips so hes trying to profit between the spread...i wouldnt lift my index finger to click the buy button on my mouse for that LOL... i laughed and told him his broker is making more profit on hios trades than he does...he put me on ignore LOL ithe one time i bothered looking at his claims i think his biggest trade was on usdjpy for 2.5 pips...like WTF...why would some retail guy sitting at home try to be a HRT trader...it would turn me to jelly and have brainrot trying to pick miniscule trades like that. he claims he trades 16 standard lots so if he makes 1.1 pips on gold he makes 176 dollars but i noticed he had 3 pip losses too so that wipes out 2 or 3 of his profitable trades...and hes nowhere near his claimed rate....100% is impossible ...i dont even think the real HRT guys using algo with the highest speed fiber thread connections right next to the exchanges will claim 100% btw HRT is just the computer age name for frontrunning of olden days LOL[/quote
I heard few HFT's running on 90% +strike rate which belongs to sylican valley.
Also I witnessed minimal dd of 4 ticks in futures trading.
And 100% winrates belongs to scammers.
on a postive roll...
  • #768,580
  • Aug 19, 2023 3:16pm Aug 19, 2023 3:16pm
Quoting Waveskierrob
gotta love this thread on a weekend it's the best...

Instead of posting gibberish, why dont you actually post your take on gbpusd???
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