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  • #341
  • Apr 2, 2023 11:14pm Apr 2, 2023 11:14pm
I'm not. I don't set boundaries on topics<->subjects. That is why I learn and why many others waste time with agree/disagree, like/dislike etc etc etc.. You get people offline and see how much they have to say about everything. It's eye opening.

Peter
Real Trading is not gambling.
  • #342
  • Apr 2, 2023 11:23pm Apr 2, 2023 11:23pm
Quoting PeterCaleb
I'm not. I don't set boundaries on topics<->subjects. That is why I learn and why many others waste time with agree/disagree, like/dislike etc etc etc.. You get people offline and see how much they have to say about everything. It's eye opening. Peter
Peter, you know as well as I know idiotic dumb adults don't think, no common sense, argue for argue sake, their ego lie to themself. Ofc the problem points to learning. It's the EGO at the core. 100 years from today, they still wont learn. My posting activity on FF taught me, I learn. Peter, don't waste your time. And you know it. Cheers
Know what you trade
  • #343
  • Apr 2, 2023 11:36pm Apr 2, 2023 11:36pm
Quoting BWilliam
{quote} Peter, you know as well as I know idiotic dumb adults don't think, no common sense, argue for argue sake, their ego lie to themself. Ofc the problem points to learning. It's the EGO at the core. 100 years from today, they still wont learn. My posting activity on FF taught me, I learn. Peter, don't waste your time. And you know it. Cheers
And this is where you still have a lot to learn. I don't believe in "the group" I believe in the "person". A group can only exist because of the person in a plural state. So I don't attempt to label everyone as idiotic etc. I shape what I say around the basic idea that "the person", at some point in their week, will be alone, in a room, in the dark, with nothing but their own thoughts. Where devices and tv's are turned off or away, where they cannot escape themself. Where their woes or problems find them. I don't believe or think I'm better than anyone, I simply see their potential and choose to say something.

You do not understand ego. It's not the absence of it, it is the understanding of why it is. It's not about controlling it. It is about living alongside it so it helps not hinders. This is called personal responsibility. Just as it is in trading.

Peter
Real Trading is not gambling.
  • #344
  • Edited Apr 3, 2023 12:08am Apr 2, 2023 11:40pm | Edited Apr 3, 2023 12:08am
Quoting Kwt4x
well, I guess no point in posting here anymore. trade safe all. cheers,
Quoting Kwt4x
nothing I say make sense to you, it's obvious by now. why would I discuss my charts with you anymore ?
Just read.
Know what you trade
  • #345
  • Aug 23, 2023 3:31am Aug 23, 2023 3:31am
It seems that someone is wrong on the internet.
  • #346
  • Oct 17, 2023 4:11pm Oct 17, 2023 4:11pm
Could I have an improvement on the previous candle size check, I like that the indicator should check only the last M candles to find and alert existing of engulfing candle and the engulfing should be depend on the size of the candle running previously
1/ if the previous candle has body < 1/2 of range from high of wick to low of tail then engulfing only when current caclde at least 1.2x the sizeof previous candle
2/ the previous candle has body > 1/2 of range from high of wick to low of tail then engulfing alert only when current caclde at least 2x the size of previous candle
Could I have a multiple factoe as variable I can set like 1.2xMultiple, or 2xMutiple with Mutiple default =1
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
Attached File(s)
File Type: mq4 Engulfing Bar Alert 2 ntk.mq4   8 KB | 288 downloads
  • #347
  • Oct 18, 2023 6:14am Oct 18, 2023 6:14am
Your step is highly praised and hopefully we can getsome of our curiocities answered throughout this thread.
  • #348
  • Oct 26, 2023 4:49am Oct 26, 2023 4:49am
Quoting RickM
{quote} READ THE FUCKIN BOOK . {image}
I did, I am shocked. TKU Rick...
  • #349
  • Dec 13, 2023 12:39pm Dec 13, 2023 12:39pm
Quoting RickM
{quote} Hi BW I'm going be in Japan trading Futures for six weeks and eating the odd Sushi or two - won't give a shit what FF members are wasting their time on. Before I go, perhaps I should talk about an Ex New York floor trader and now a hedge fund manager called Garry Norden who wrote a book on this subject. Technical Analysis Exposed - Why Most Technical Analysis Traders Lose The following is an insert from Garry about his book. When I first moved to Australia I had no intention of writing books or providing services to retail traders. However,...
I will agree that very few make it, but some do and with proofs. Tom Hougaard is one of them (trading live, not recorded live and THEN published online which is NOT the same thing). If he can do it, so can we. Its not as easy as this of course, but it shows that if one person can reach the "zone of profitability consistently" so can everyone else.
  • #350
  • Dec 24, 2023 10:09pm Dec 24, 2023 10:09pm
Quoting TheCardinal
{quote} ... If he can do it, so can we. Its not as easy as this of course, but it shows that if one person can reach the "zone of profitability consistently" so can everyone else.
I agree that if one human can do it so can another. The same world is there. He however, has loss periods that would lead anyone to question his approach, his risk appetite, and his status as trader or gambler. He wouldn't be investible for the risk averse folk anchored to 15% annual returns, but is perhaps successful for himself.

All the best.

Merry Christmas all.
  • #351
  • Jan 9, 2024 5:33am Jan 9, 2024 5:33am
Worked it out too.
  • #352
  • Jan 9, 2024 6:11am Jan 9, 2024 6:11am
Quoting FocusWinReal
Worked it out too.
After like countless of re-reading the Algo thread and this thread, I found some golden nuggets left by BW and Ihlas. Mind sharing your insights, FWR?
  • #353
  • Jan 11, 2024 11:31pm Jan 11, 2024 11:31pm
Quoting ooihengli
{quote} After like countless of re-reading the Algo thread and this thread, I found some golden nuggets left by BW and Ihlas. Mind sharing your insights, FWR?
ooi, work everything out yourself with input by others. The others part is tricky because there is so much shit to waft through. Multi users are easier to spot now, too. I'm kind of doing a mind wipe and reformatting so to speak. My trading isn't scalable and conditions are not improving. Interest rates are up but FX volatility isn't. Although asia has good moves on some pairs. Central banks driving equities but FA means nothing etc. Look at DAX in the last part of the year. Be careful of narratives: some say stop loss hunting, others say no that's nonsense etc. bs arguments like that can keep you penned into a mindset that limits progress. If it is stop hunting it doesn't matter because you trade around it. If it isn't you still see the same thing and work around it. The skill is more imprtant than the narrative?

I can't comment on the two individuals you mentioned or specifically the content in this thread only to say I do like how BW focussed on 50 pip min movements which is more my focus now moving on from primarily using tedious smaller duration and smaller time frame trading.

All the best for 2024.
  • #354
  • Jan 12, 2024 6:11am Jan 12, 2024 6:11am
Hard work and discipline are key to unlock the success in trading. There are also tonnes of useless stuff spewed around by FF members in different thread confusing traders even further. I started focusing on the DOL and WOL as mentioned by BW. Above DOL - Buy, Below DOL - Sell. Hey hey, something so simple yet has profound impact on trading.

I day trade the US30 and on a lower timeframe. Shouldn't be a problem trading other instruments.
  • #355
  • Feb 12, 2024 6:50pm Feb 12, 2024 6:50pm
Quoting RickM
{quote} Hi BW I'm going be in Japan trading Futures for six weeks and eating the odd Sushi or two - won't give a shit what FF members are wasting their time on. Before I go, perhaps I should talk about an Ex New York floor trader and now a hedge fund manager called Garry Norden who wrote a book on this subject. Technical Analysis Exposed - Why Most Technical Analysis Traders Lose The following is an insert from Garry about his book. When I first moved to Australia I had no intention of writing books or providing services to retail traders. However,...
I have read, the book, and i understand the paradox of Real time vs Rabbit holes. but after reading the book you have only two options, either become a speculator( lucky retail trader) or a professional who is doing hedging and arbitrageur like a sports like performance based activity... but the nuances and intricacies are much much complicated..
A. Norden method (manual HFT) can not be applied to modern day high frequencies market where QAUNTS deploy machine learning algorithm, in a sense gary norden is trying to find a space with old outdated method of Non directional high speed scalping today, but today its no more a human job...

B. Norden himself accepts the fact that he is not a credible authority for this book, the book trying to debunk pseudoscience of technical analysis, he wrote clearly in the book that he is not a scientist, a mathematician or a academic.. (so, by his own criteria we can not take his thesis too seriously). why? here is the thesis published by credible scientists with plausible empirical evidence of reliability and workablility of Technical chart patterns
(Techinical analysis for algorithm pattern recognition by prodromos E Tsinaslandis and Achileas D Zapranis)

So, if you think technical analysis is a complete garbage (sold by financial junk food industry), then take a more logical position and accept the fact that gary nordens DOM trading method is not so less if compared to Qaunts. why trade a 3 second in and out( trade NOW method) why not deploy a bot and trade nanoseconds?

i have observed so far, the only problem with retail crowd is that they read these "POP" books and not research papers accepted by scientific community and in a result they never think in terms of scientific rationalism.
  • #356
  • May 7, 2024 10:26pm May 7, 2024 10:26pm
https://www.forexfactory.com/thread/1282179-my-biggest-problem
Keyman is logical and sensible on all counts. The 8 yrs experience taught him to differentiate the right from wrong.

Newbies can save 8 years of learning by learning from him. List down what he rejected. Everything on the reject list go to the trash bin. You save 8 years.

That's how smart people fast track themselves. Learn from the right people.
Know what you trade
  • #357
  • Nov 25, 2024 10:44pm Nov 25, 2024 10:44pm
Dear B william
NIH98 indicator not working can u re-post in again
  • #358
  • Mar 5, 2025 12:13am Mar 5, 2025 12:13am
This thread is a gem.
  • #359
  • Edited 11:48am Aug 16, 2025 4:33am | Edited 11:48am
My final contribution and last post.

In a bullish candle, the market touch the low once.
In a bearish candle, the market touch the high once.
(>90% of the time.)

Whether you trade intraday, intraweek, intramonth or shorter timeframes, or scalping you have to know what you're trading. Most people don't know what they are actually trading - that's the problem.

Figure out what you're actually trading, this is the first part that traders don't do. And second, properly understand the bolded inane para above. Buy or sell at your preferred timeframe low or high. It's that simple. You have the real edge without guessing. And no magic indicators, professional indicators, or institutional indicators required. No magic time of day required. No other narrative required.

IF YOU figured both out, shut your mouth move along, keep a low profile, stay humble, feel blessed, enjoy life that trading allow you.

***There's no difference trading fx majors, crosses, minors, commodities, gold, oil, indices or crypto.

(Took me few years thinking how to write this summary post that may benefit someone out there.)

Signing out for the final time.

Cheers
BWilliam
Know what you trade
  • #360
  • Aug 16, 2025 5:09am Aug 16, 2025 5:09am
Quoting BWilliam
My final contribution and last post. In a bullish candle, the market touch the low once. In a bearish candle, the market touch the high once. (>90% of the time.) Whether you trade intraday, intraweek, intramonth or shorter timeframes, or scalping you have to know what you're trading. Most people don't know what they are actually trading - that's the problem. Figure out what you're actually trading, this is the first part that traders don't do. And second, properly understand the bolded para above. You have the real edge without guessing. Buy or...
Thanks a lot William
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