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  • #101
  • Nov 28, 2023 3:20am Nov 28, 2023 3:20am
Quoting yaed
{quote} Its amazing how few traders on FF that has even considered that. 80-90% seem not to have even thought of it.
yes sir.

i hope they will adapt it since it makes the profits as long as the risk management is properly done.

Working on pyramiding atleast one trade.

Sucks that Charlie Munger died. He was a great man.
Trading is gambling. So gamble responsibly.
  • #102
  • Nov 29, 2023 1:09am Nov 29, 2023 1:09am
Quoting Sovy
{quote} yes sir. i hope they will adapt it since it makes the profits as long as the risk management is properly done.
One position at a time, all the time would only make sense if the people moving the market only used one position at a time.
Which as i understand it they dont. They have thousands or hundreds of positions.
I would very much keep it as simple as possible and use one position all the time and the same take profit and stop loss all the time.
But to my experience thats not realistic.
Life is what it is, its not what we want it to be.
And if we dont adapt to that we are living in a lie.
My signature is: "Classified".
  • #103
  • Nov 29, 2023 1:38am Nov 29, 2023 1:38am
Quoting yaed
{quote} One position at a time, all the time would only make sense if the people moving the market only used one position at a time. Which as i understand it they dont. They have thousands or hundreds of positions. I would very much keep it as simple as possible and use one position all the time and the same take profit and stop loss all the time. But to my experience thats not realistic. Life is what it is, its not what we want it to be. And if we dont adapt to that we are living in a lie.
Yes, position sizing is definitely one of the hardest things. So having a small risk at the best entry, still could go wrong so a second entry helps, and scaling a winner definitely increases profits.

One issue i see also is many prefer to trade before the news. Even just waiting 5 mins to see the numbers in the callendar here does wonders.

Especially red news for usd. Or pairs people trade.
Trading is gambling. So gamble responsibly.
  • #104
  • Nov 29, 2023 2:18am Nov 29, 2023 2:18am
nice journal and cool methods. After 5 years I now trade differently mostly naked, order flow analysis, range, trend analysis, price environment, SnR, then rating the strength of SnR based on the previous factors mentioned, finally taking trades off the SnR levels based on their "strength" which is based of the previous factors as mentioned. Is your discord active
Seek first to understand, then to be understood
  • #105
  • Nov 29, 2023 3:26am Nov 29, 2023 3:26am
Quoting toshio
nice journal and cool methods. After 5 years I now trade differently mostly naked, order flow analysis, range, trend analysis, price environment, SnR, then rating the strength of SnR based on the previous factors mentioned, finally taking trades off the SnR levels based on their "strength" which is based of the previous factors as mentioned. Is your discord active
We are few, just a few friends who trade and we ping pong ideas.
Trading is gambling. So gamble responsibly.
  • #106
  • Nov 29, 2023 5:34am Nov 29, 2023 5:34am
Break and retest reversal.

1. Closed bar broken by open bar.
2. From breakout 1 10 atr for stop. If stop is broken, take that trade for that is new trend
Trading is gambling. So gamble responsibly.
  • #107
  • Nov 29, 2023 5:25pm Nov 29, 2023 5:25pm
https://www.tradingview.com/x/91hXVKQ2

Nice. Issue here is daily. Will experiment per sessions to see what confluence i can add in lower time frames.
Trading is gambling. So gamble responsibly.
  • #108
  • Dec 1, 2023 3:04am Dec 1, 2023 3:04am
still alive, ended November in profit. And now new month.

hoping for decent holidays.
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Trading is gambling. So gamble responsibly.
  • #109
  • Dec 2, 2023 5:46am Dec 2, 2023 5:46am
If you can program a bot to only make one order and put a stop and tp and let it be if it goes to sl, and pyramid if it goes your way, you will probably make money.

Inserted Video


Wee. Good practice

https://www.tradingview.com/x/to9oBwCX

While chasing for the most rr, you can simply focus on this. If price goes out the range and goes in, dont make the order until it actually goes out of the range.

Counting candles is probably the simplest model to use because you can simply count the past 10 candles and the majority is the trend. The minority is the pull back. And the entry can be simple price action model.
Trading is gambling. So gamble responsibly.
  • #110
  • Dec 4, 2023 3:32am Dec 4, 2023 3:32am
not all brokers hold the same data, there are nuance differences. So if you are wondering with some brokers the indicators already did a signal and in others none, its because or that.

I realized this after doing a daily trading using the simple 5 and 10 sma of a babypip strategy on euro using oanda and pepperstone.com
Trading is gambling. So gamble responsibly.
  • #111
  • Dec 6, 2023 10:38am Dec 6, 2023 10:38am
it doesn't matter. You make profit slow or fast as long as you keep with what works for you.

Always remember that.

Realised

1. Indicators work however, price action differs per broker, subtle changes causes your indicator to not be precise.

2. Trading.after the news is always better.

3. The basic higher high lower high, lower low, higher low trend is the only model you need to master.
Trading is gambling. So gamble responsibly.
  • #112
  • Dec 8, 2023 10:26am Dec 8, 2023 10:26am
There is nothing wrong with chasing price.
So what if we can't be at the very dip or the over sold. We can be when there when it starts to move to the correct direction.

My guess is those who know and cn afford has a system of cost averaging trades in a very smart way.

1. Risking small

2. Amount stop loss

3. Amount gain

4. Multiple accounts

5. Multiple orders

6. Fundamental edge

trade pa after news. It is More profitable.
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Trading is gambling. So gamble responsibly.
  • #113
  • Dec 9, 2023 6:59pm Dec 9, 2023 6:59pm
Having difficulty playing with paper btc usdt over the weekend because one element in my arsenal is trading after news and forex factory does not have that hehe.

This is probably something most people should know and should get into. If you trade, always see where the direction of the red news goes to. If there is more than one red news on your usd pair, dont trade if it is +-, only trade if there is clear signs.

The key is forecast vs actual. You may ignore the previous in the sense that for the short term bet it is always a fight on the expectations.

You may plot a 5 min to 2 hour range from openining of the day and then use a fib of 1 standard diviation to plot the grid or range for that day. This is so you can use the grid as points of entry x exit.
https://www.tradingview.com/x/8cSJpEsM

Example
Trading is gambling. So gamble responsibly.
  • #114
  • Dec 12, 2023 7:25pm Dec 12, 2023 7:25pm
Will try a 4h only trade on the method and see. I ma not find a trade daily, but life and holidays has kept me busy. So a trade once in a while is ok rather than every day.
Trading is gambling. So gamble responsibly.
  • #115
  • Edited 2:18am Dec 14, 2023 2:03am | Edited 2:18am
One trade at a time

I've also comited to make trades in favor of usd only. Why? Usd is king

https://www.tradingview.com/x/WinQ7kwx

Simple
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  • #116
  • Dec 21, 2023 9:40pm Dec 21, 2023 9:40pm
End of the week. I had only made 2 trades when travelling. Had no time to monitor or find places with Internet. Had fun with family
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Trading is gambling. So gamble responsibly.
  • #117
  • Edited 9:33pm Dec 25, 2023 9:20pm | Edited 9:33pm
The more i see my profits do positive the more i see it's after news and always in line with the news. News +pa is important.

It could be a hammer or shooting star an inside bar and fvg an engulfing candle but it must be so that it is in favor of the news.

https://www.tradingview.com/x/F1ysATvw

Best entry was definitely an hour after the news. After that price was being stopped from moving too up against the gap since there was no news driver yet.

You cant trade by pa alone. Pa and fundamentals

Less drawdown, more pips, more volume
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  • #118
  • Dec 27, 2023 7:33am Dec 27, 2023 7:33am
Summary of this year.

1. All new traders should learn ict silver bullet. That is the model of choice.

2. Demo trade 1.

3. Trade the silver bullet only after news and if pa is in favor of the news. Else, don't.

This is something i added to the silver bullet rule. But it increases your success rate to 80%

4. Scale your lot sizes to multiple trades. Meaning, add if pa is in your favor and close if not. I like oliver's way of adding or scaling into trades.

5. One good trade a day is enough. If you succeed, withdraw. Then only trade after you receive your money.

6. Repeat 1 to 5.

Most important, don't trade with money you can't afford to lose.
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Trading is gambling. So gamble responsibly.
  • #119
  • Dec 28, 2023 11:35am Dec 28, 2023 11:35am
You can't avoid a loss, even me.
Trading is gambling. So gamble responsibly.
  • #120
  • Dec 29, 2023 9:02am Dec 29, 2023 9:02am
When someone says trading is a scam. Well, it is for those who don't have a good strategy.
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