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  • #799,881
  • Dec 30, 2023 1:28pm Dec 30, 2023 1:28pm
Quoting Jolita
{quote} Hi Rick, I really appreciate you having the time to share the right approach to trading and the comments you make are very useful. You seem to have lots of valuable knowledge. Delta charting it's something I would like to understand and willing to apply to my trading. Could you please recommend any good thread or info where I could read about how it? Thanks a lot.
Hi Jolita

A... Check out makingmoves thread -manipulated-markets-a-strategy-to-profit

Alternatively if you don't want to trade the Footprint chart and prefer trading normal candle charts on MT4 - this may be your cheapest course of entry.

Actually as its almost New Years Eve, I'll even give you a strategy two of my trading buddies use that trade a combined 1.5 Million in funds over several prop firms. Its particularly useful on one market (FTMO if I remember rightly even stopped access to this pair for a while around 4 years ago because of a few traders were making a killing).

You need to get the Cluster Delta indy from Clusterdelta.com (only around $10 a month) and trade just the standard Delta Indicator on a MT4 / MT5 Platform. It puts Futures data on to those platforms.
The market is US30 (DOW) and trade it ONLY AT US OPEN looking for the DELTA breakout.
Target for Day only has to be 0.50% increase in Equity per day once you have large funds at a prop firm.

This pair just offers the best Delta signals after open, the rest is up to you.

PLEASE NOTE I AM NOT GIVING FINANICAL ADVICE - USE THAT INFORMATION AT YOUR OWN RISK

Lastly, the idea behind Delta is you enter when the Delta supports your trade - get the fuck out if it turns on you. You are not suppose to trade Delta with high DD because you should be out straight away.

Have a great New Year
Trading thin liquidity at the boundary of the charts
  • #799,882
  • Dec 30, 2023 1:49pm Dec 30, 2023 1:49pm
Quoting Zebi
{quote} everybody reads things differently and thats what makes the market i will say that the way you read that chart is in the texbook style that everybody uses at first unless they wise up im sure everyone thats graduated university with a brand new degree and bright outlook on his future will agree that very soon after entering the workforce they realize their textbook learning is work crap...the real world doesnt work the way textbooks say it ought to so why do so many people trade the way textbooks say they ought to...
well, complex topic by the way.
I have my personal own view like anyone.
I don’t really believe much in the 95/5% losers / winners thing. I would see data to believe it.
I also don’t like too much sell the steep rise nor buy the falling knife. Dangerous stuff. I learnt the costly lesson.

In my learning journey I’m lately trying to completely free myself by any bias. So meaning to completely avoid any influence about direction because it somehow gives a mislead perception of what is happening. The so called “now moment” a.k.a. “trade what you see and not what you think”.

In my opinion is a tough step in the learning curve of a trader because, after all, we are focused in targets, directions, trends, brake outs and so on, but in the same time we have to be somehow detached from this whole itself and not being conditioned about anything.

If you consider daily chart overall direction is upward. But in the same time approaching pressure zone meeting increasing supply (take profits, new orders and so on). We could see from here a move down, a move up, a 1.26/1.29 range and so on. Will finally find my way to avoid remembering that daily direction means nothing. I’m considering to use different trade size, so 1lot in direction, half lot counter direction. By ” direction” I mean what I consider to be the overall main direction, so where is more likely to find new highs or new lows.

Lately, my “direction “ was up, indeed got great trades on the buy side.

Now I’m kind of “let’s see how it develops” and meantime I promise I will catch some shorts. Lol.

Coming to the point so, back to the quarterly chart indeed, there could both be a continuation up after a pullback, or an attempt up to fail down and get back previous support. Levels are there, will trade according to what happens. As said here above, I will not force my self into any belief. What really matters to me is to be able to recognise major levels, and understanding where to catch breakouts in continuation, or possible trend reversals. Will try to be day after day more and more cold, and just follow what happens in charts.w

if I will truly be able to, will market go to 1.39 or back to 1.15…. Really…. I don’t really care much as long as I will be able to catch profitable trades along the way

90% of traders use TA, indicators and prediction
  • #799,883
  • Edited 7:09pm Dec 30, 2023 2:11pm | Edited 7:09pm
Quoting _BBKing_
{quote} well, complex topic by the way. I have my personal own view like anyone. I don’t really believe much in the 95/5% losers / winners thing. I would see data to believe it. I also don’t like too much sell the steep rise nor buy the falling knife. Dangerous stuff. I learnt the costly lesson. In my learning journey I’m lately trying to completely free myself by any bias. So meaning to completely avoid any influence about direction because it somehow gives a mislead perception of what is happening. The so called “now moment” a.k.a. “trade what...
oh man cmon im gettin best results of last times today $$$
{ virus risk deleted by staff }
  • #799,884
  • Edited 2:42pm Dec 30, 2023 2:31pm | Edited 2:42pm
Quoting _BBKing_
{quote} well, complex topic by the way. I have my personal own view like anyone. I don’t really believe much in the 95/5% losers / winners thing. I would see data to believe it. I also don’t like too much sell the steep rise nor buy the falling knife. Dangerous stuff. I learnt the costly lesson. In my learning journey I’m lately trying to completely free myself by any bias. So meaning to completely avoid any influence about direction because it somehow gives a mislead perception of what is happening. The so called “now moment” a.k.a. “trade...


i dont believe anything so i do research and verify shit for myself and lucky for you i did it last month...mostly to annoy people in the room who use indicators and computers to code EA's so they can sit and masterbate all day like nubchop while the computer program trades for them LOL...but also to verify my thesis...if i was a finance major and working towards my MBA or Ph.d id use this topic as my dissertation


Quoting Zebi
changing the subject cause that shit was boring as hell earlier LOL its always been my contention that computers and the incredible abundance of stupid indicators used by lazy ass traders to develope EA's so they can sit around and jerk off all day while the computer trades for them is the main reason why the failure rate among beginners is as high as 95%...the old timers a 100 years ago made fortunes drawing their charts at home on the kitchen tables using just a pencil and graph paper with the previous days stock prices printed in the newspapers....yes...
Quoting Zebi
heres some more shit i found https://www.tandfonline.com/doi/abs/...aj.v59.n6.2578 A 2011 study of Taiwanese day traders over a 15-year period, from 1992 to 2006, showed only slightly better results. Day trading is popular in Taiwan. In an average year, about 360,000 Taiwanese individuals engage in day trading, according to the authors. Their conclusion: "Consistent with prior work on the performance of individual investors,...

i dont know if the 95% rate is true...might be hier or tad lower but what i do know is as people complicate shit even more using computer software to trade the percentage will get up to 99% in 5-10 years LOL as you can see from these studies the failure rate increased by almost 30% in 25 years

good luck in your endeavors BBking especially if they dont interfere with mine as don corleone once said

im a skeptic.. i even have a picture on my profile page of me represented as a dog pissing on the tree of conventional wisdom LOL
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short trump and go long the deepstate
  • #799,885
  • Dec 30, 2023 3:01pm Dec 30, 2023 3:01pm
Quoting Zebi
{quote} i dont believe anything so i do research and verify shit for myself and lucky for you i did it last month...mostly to annoy people in the room who use indicators and computers to code EA's so they can sit and masterbate all day like nubchop while the computer program trades for them LOL...but also to verify my thesis...if i was a finance major and working towards my MBA or Ph.d id use this topic as my dissertation {quote} {quote} i dont know if the 95% rate is true...might be hier or tad lower but what i do know is as people complicate shit...
getting ready for the new year after a ~10 day period of inactivity, glad to see your still spouting the exact same bullshit you were 2 weeks ago zebi!
  • #799,886
  • Dec 30, 2023 3:04pm Dec 30, 2023 3:04pm
Quoting billGU
{quote} getting ready for the new year after a ~10 day period of inactivity, glad to see your still spouting the exact same bullshit you were 2 weeks ago zebi!

nobody can accuse me of being inconsistent
short trump and go long the deepstate
  • #799,887
  • Dec 30, 2023 3:12pm Dec 30, 2023 3:12pm
Quoting RickM
{quote} Hi Jolita A... Check out makingmoves thread -manipulated-markets-a-strategy-to-profit Alternatively if you don't want to trade the Footprint chart and prefer trading normal candle charts on MT4 - this may be your cheapest course of entry. Actually as its almost New Years Eve, I'll even give you a strategy two of my trading buddies use that trade a combined 1.5 Million in funds over several prop firms. Its particularly useful on one market (FTMO if I remember rightly even stopped access to this pair for a while around 4 years ago because...
Amazing, thanks a million!
Happy New Year to you too Rick!
  • #799,888
  • Dec 30, 2023 3:27pm Dec 30, 2023 3:27pm
Looking at structure, I really don't think the green zone will be retested before more down for USD
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Compulsions can be hard to resist
  • #799,889
  • Dec 30, 2023 3:36pm Dec 30, 2023 3:36pm
We know who's really in control of this market
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Compulsions can be hard to resist
  • #799,890
  • Dec 30, 2023 3:52pm Dec 30, 2023 3:52pm
Quoting trumps
Looking at structure, I really don't think the green zone will be retested before more down for USD {image}
Just a personal opinion. I miss that points 102 and 103 +- (fresh liquidity pools). More liquidity pools for buying at 100.3
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Look right, we'll see the signs
  • #799,891
  • Edited 5:25pm Dec 30, 2023 3:58pm | Edited 5:25pm
Quoting Zebi
so im bearish GU cause i got a sell signal on my system on yesterdays daily...weekly has 3 inside candles and quarterly is still on a sell signal even 6month charts is bearish id have to be a retard like so many people on FF to turn boolish right now and like i always say if one gets confused with the GBP chart switch to the dollar chart and thats bottomed and ready to go up...maybe youll be able to see that better on USD chart...i love it cause its my badass mf'er {image}
I dont see that the DXY has bottom, quite the opposite.

It seems we will get a monthly close below the support on the DXY

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Quaterly almost closing as a Bearish Engulfing

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On GBPUSD, I understand the quaterly bearish engulfing candle, BUT we did break and closed above that BR on the also quaterly timeframe. In my opinion, if GU had to keep going down, it would have done so at that BR

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We even had a decent bearish reaction on the weekly TF but couldnt hold below that level. Not only we broke up, but we have a sustain move above that KL and now we lost that KL

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Yearly also looks bullish on GBPUSD

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  • #799,892
  • Dec 30, 2023 5:14pm Dec 30, 2023 5:14pm
Quoting W0lfram
1.215 looks attractive {image}
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Air force
  • #799,893
  • Dec 30, 2023 10:48pm Dec 30, 2023 10:48pm
Quoting RickM
{quote} Hi Jolita A... Check out makingmoves thread -manipulated-markets-a-strategy-to-profit Alternatively if you don't want to trade the Footprint chart and prefer trading normal candle charts on MT4 - this may be your cheapest course of entry. Actually as its almost New Years Eve, I'll even give you a strategy two of my trading buddies use that trade a combined 1.5 Million in funds over several prop firms. Its particularly useful on one market (FTMO if I remember rightly even stopped access to this pair for a while around 4 years ago because...
yes please. lets repeat rehash and recycle an attempt at a strategy that is doomed to end badly because shortsighted people have opinions and have probably never traded in their life. if that data you so heavily rely on dries up you're screwed. end of story. as i said, a losing strategy. the strategy is 10 or more years old. well known and MANY savvy market participants feed off people using that kind of strategy all year round. it has done the rounds on all "trading websites" now - ff, myfxbook, earnforex etc etc. been around since the data packaging sector opened up in the greater market. so YES gimme some of that!!! a person who has no end game for their trading is going to get incinerated. people still learning have been warned. people with mommy or daddy/husband/wife issues shouldn't be trying to push their trading resume to gain worth or value.

a person like me looks at where the strategy will be in 5, 10 or 20yrs for its validity. data jockeys are fools. its nothing more than small dick small brain bs. learn some real stuff for a change.
protein for breakfast !
  • #799,894
  • Dec 31, 2023 12:11am Dec 31, 2023 12:11am
Quoting oochiwaawaa
{quote} yes please. lets repeat rehash and recycle an attempt at a strategy that is doomed to end badly because shortsighted people have opinions and have probably never traded in their life. if that data you so heavily rely on dries up you're screwed. end of story. as i said, a losing strategy. the strategy is 10 or more years old. well known and MANY savvy market participants feed off people using that kind of strategy all year round. it has done the rounds on all "trading websites" now - ff, myfxbook, earnforex etc etc. been around since the...
See that you are new to FF, great way of getting accepted on this thread, seeing that you are another know it all please share you wisdom of trading as we are all dying to know, but rather rising to the challenge you'll probably reply to this post with insults and telling me how I can't trade even though you have no idea how I trade, as the great Headland once said " put up or shut up" ....ball is in your court....
  • #799,895
  • Edited 4:34am Dec 31, 2023 2:00am | Edited 4:34am
Quoting oochiwaawaa
{quote} yes please. lets repeat rehash and recycle an attempt at a strategy that is doomed to end badly because shortsighted people have opinions and have probably never traded in their life. if that data you so heavily rely on dries up you're screwed. end of story. as i said, a losing strategy. the strategy is 10 or more years old. well known and MANY savvy market participants feed off people using that kind of strategy all year round. it has done the rounds on all "trading websites" now - ff, myfxbook, earnforex etc etc. been around since the...
Hi O

So you can’t trade with data therefore you presume no one else can as will.
Did you lose your marbles to a bigger kid when you were young so you spend the rest of your life being bitter and twisted. Is that why you trade with a MACD indicator like many losing retail traders?

To be honest, the Footprint chart trading is just a stepping stone to a more profitable data based trading strategy. But first you need to learn the basic’s of volume trading and a Footprint chart is the best way forward.

Now you and me should just have the real argument.

Question

Can you be profitable trading just of Futures data without any context?.

Every orderflow trader has to answer this question themselves. For traders not understanding the question, I am asking if you need additional information like candle charts, fundamentals information, daily ADR etc to supplement the data information you already have to be profitable.

Obviously Big O thinks data information alone is useless, I say data is all you need.
Trading thin liquidity at the boundary of the charts
  • #799,896
  • Dec 31, 2023 3:33am Dec 31, 2023 3:33am
TF D1 (GBPUSD)
(Ideas: Representing Myself)


Just a personal opinion. The price is still in the middle of DAILY RANGE. The lower middle range is already structured. Next, will complete the upper middle range before continuing the trend either upward or downward. Maybe different in ideas, but the target is there. Only you know yourself whether you are a scalper, intraday, or swinger. Own discipline is the best methodology. Profits are there either buying or selling. Don't listen to what people are doing, just listen to what prices are doing. 2024 will be coming soon. HAPPY NEW YEAR.
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Look right, we'll see the signs
  • #799,897
  • Dec 31, 2023 3:50am Dec 31, 2023 3:50am
Quoting oochiwaawaa
{quote} yes please. lets repeat rehash and recycle an attempt at a strategy that is doomed to end badly because shortsighted people have opinions and have probably never traded in their life. if that data you so heavily rely on dries up you're screwed. end of story. as i said, a losing strategy. the strategy is 10 or more years old. well known and MANY savvy market participants feed off people using that kind of strategy all year round. it has done the rounds on all "trading websites" now - ff, myfxbook, earnforex etc etc. been around since the...
Don’t blame what fits better to others.
Anyone has different ways to read markets.
There is nothing working better than something else.

I personally also think that I would be unable to trade that system, but I appreciate people are sharing it, and I will certainly look if I find something useful for me.

That’s it
90% of traders use TA, indicators and prediction
  • #799,898
  • Dec 31, 2023 4:37am Dec 31, 2023 4:37am
DELTA?
it is likely that by the time this strategy becomes available to the retailer, it is obsolete.
but..........
  • #799,899
  • Dec 31, 2023 5:13am Dec 31, 2023 5:13am
I just checked all the pairs to see how they closed on Friday, 95% of the pairs closed in balance.
H1.
  • #799,900
  • Dec 31, 2023 5:20am Dec 31, 2023 5:20am
Quoting tiborf71
I just checked all the pairs to see how they closed on Friday, 95% of the pairs closed in balance. H1.
Good work, so what does this tell us...
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