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My Biggest Problem

  • #101
  • May 18, 2024 11:58am May 18, 2024 11:58am
Quoting keyman.
{quote} I don't have the concept of trading just one thing. I trade everywhere. If there's a situation indicated by a indicator that has shown excellent results by the way, of course, i will enter. Btw that indicator is paid .We don't have anything good that's free. And once you have a strategy—though someone said that strategy isn't everything, and that you can make money without one—I heard such nonsense for the first time, and I'm still shocked by it. Because now that I have a strategy, all I need is proper risk management and psychology. Now...
For me, the easiest way to make money is to keep things simple (pivot and one other indicator) and they are free.
  • #102
  • May 18, 2024 1:04pm May 18, 2024 1:04pm
Quoting BWilliam
{quote} Hi dipappa, here's the math reason why you should not fade the extreme. Fading the extreme is a return to mean strategy. Since price is theoretically random the extreme stddev is unlimited with no orderly characteristic, therefore not possible to define. Having said that, tape readers use volume data to determine the extreme point. Cheers
Hi BW

Hope you are well.

Better to trade Long inside the Northern hemisphere or Short while visiting the Southern hemisphere isn’t is.
Tape reading here gives more accurate results because the data here is less manipulated.

I wonder if only you and me know what I am talking about.

Cheers
Trading thin liquidity at the boundary of the charts
  • #103
  • May 18, 2024 1:16pm May 18, 2024 1:16pm
Quoting RickM
{quote}I wonder if only you and me know what I am talking about. Cheers
Hi RickM, I have written so many times with so much explanation with charts too. Yes I tend to believe we both talking in weird tongues.

Cheers
Know what you trade
  • #104
  • May 18, 2024 2:44pm May 18, 2024 2:44pm
Quoting BWilliam
{quote} Hi dipappa, here's the math reason why you should not fade the extreme. Fading the extreme is a return to mean strategy. Since price is theoretically random the extreme stddev is unlimited with no orderly characteristic, therefore not possible to define. Having said that, tape readers use volume data to determine the extreme point. Cheers
Price is usually random, not all the time, if its random 100% of the time, NOONE is making money, literally.
its an edge in trading extremes because its more often than not, going back to the value (equlibrium), than not, and you use stoploss, because ur never 100% obviously.. just my two cents
  • #105
  • May 18, 2024 2:45pm May 18, 2024 2:45pm
Quoting RickM
{quote} Hi BW Hope you are well. Better to trade Long inside the Northern hemisphere or Short while visiting the Southern hemisphere isn’t is. Tape reading here gives more accurate results because the data here is less manipulated. I wonder if only you and me know what I am talking about. Cheers

Astro Forex?
  • #106
  • May 18, 2024 4:12pm May 18, 2024 4:12pm
Quoting RickM
{quote} Hi BW Hope you are well. Better to trade Long inside the Northern hemisphere or Short while visiting the Southern hemisphere isn’t is. Tape reading here gives more accurate results because the data here is less manipulated. I wonder if only you and me know what I am talking about. Cheers
Trading is so unbelievably simple. I highlight the sentence RickM wrote that explains trading in a single sentence. That's all traders have to do to be profitable. Do the opposite you lose.

Cheers
Know what you trade
  • #107
  • May 18, 2024 6:41pm May 18, 2024 6:41pm
Quoting BWilliam
{quote} Trading is so unbelievably simple. I highlight the sentence RickM wrote that explains trading in a single sentence. That's all traders have to do to be profitable. Do the opposite you lose. Cheers
Hey BW

You know even though most of my posts on FF in the last few years have been Futures trading related, I still very quietly trade a simple North / South trend trading strategy from one I used to talk about a few years back. It’s using the correct mindset that allows it to be highly profitable. There’s no use talking about it because most here aren’t prepared to do the hard yards.

Cheers
Trading thin liquidity at the boundary of the charts
  • #108
  • May 18, 2024 6:56pm May 18, 2024 6:56pm
Quoting dinpappa
{quote} Astro Forex?
Attached Image (click to enlarge)
Click to Enlarge Name: 933DBAC2-A913-4683-8948-292458D13827.jpeg Size: 545 KB

North or South, your choice
Trading thin liquidity at the boundary of the charts
  • #109
  • May 18, 2024 9:16pm May 18, 2024 9:16pm
Quoting RickM
There’s no use talking about it because most here aren’t prepared to do the hard yards. Cheers
I hardly visit FF nowadays. Same people with the same old nonsense.

Cheers
Know what you trade
  • #110
  • May 19, 2024 10:03am May 19, 2024 10:03am
Quoting driven18
{quote} You are correct, Market is an Authority and Price will do whatever Price will do. It is a Chaos. There is only one thing that works in chaos, it is in my answer, post 80. For keyman, Kogda te eto poimesh, ti yvidesh vse po drygomy, tolko ne zabud skazat Spasibo.
I'm not going to delve into that nonsense. The only thing I caught was about money management, which I've already heard a billion times.
money management money management money management money management money management money management money management money management. That’s not enough
IgorFX
  • #111
  • May 19, 2024 5:40pm May 19, 2024 5:40pm
Quoting RickM
{quote} {image} North or South, your choice
aha.. thats just a moving average?

I thought you talked about astrology to the markets.
  • #112
  • May 19, 2024 7:00pm May 19, 2024 7:00pm
Quoting dinpappa
{quote} aha.. thats just a moving average? I thought you talked about astrology to the markets.
That’s a chart from Crucial Point, a thread 14 years ago maybe the best work seen on Forex Factory.
The point of the post is the markets is a Sine wave where the market flips on an equilibrium. Easy money can be made by just being long on one side and short on the other.
Trading thin liquidity at the boundary of the charts
  • #113
  • May 19, 2024 7:59pm May 19, 2024 7:59pm
Quoting keyman.
{quote} and the trend decides to break and this happens most of the time. When i enter it does break , n im not making this up it is what it is {image}
The trend will always break. Learn to recognize a sideways curve and don't trade then. Spend a lot of time not trading. Only trade a very strong trend, this means you have a trend and the indicators are also heading in the same direction on a larger time frame. If not you have a countertrend.....don't trade it! I take the trade on a smaller time frame.
  • #114
  • Edited 9:53pm May 19, 2024 8:24pm | Edited 9:53pm
Quoting Cranium
Spend a lot of time not trading.
The hardest part of trading is not fighting psychology issues like greed or fear. The hardest part of trading is not finding the winning strategy.

The hardest part of trading is waiting for the right conditions to trade. The 2nd hardest part of trading is waiting for the best price to enter. Waiting does not mean, walk the dog or watch movie. Waiting means screen staring.

Waiting is the most costly part of trading. Traders pay time to wait. If you're an intraday swing trader your waiting time can easily be a few hours of chart staring in waiting mode for the right conditions(low or high of day) to execute the trade entry. Average waiting time 3hours.

After entry, you babysit your trade. For an intraday swing trade of say 40pips, it may take 2-4 hours, average 3 hours. Another 3 hours of screen staring waiting mode.

Total waiting time every trading day 6 hours on average. Bad days waiting time may exceed 12 hours. Half of a traders daylight life is wasted on waiting at his computer.

The best trader is the trader who is highly skilled with the patience to wait. A top professional who is blessed with patience. The cool guy.

The genius of forex trading is the one who knows the high or low price of the day(entry) ahead of time. Cut short the waiting time.

Trading strategy is the easy part.
Long in the northern hemisphere, short in the southern hemisphere.

Whether you're profitable depends on how skilled you are with the patience to wait.

If waiting 6hours staring screen waiting is not for you, you hate waiting, forex trading is not for you. Or you position trade longer time frame. Or you scalp like mad for 2hours a day.

Ask yourself what suit you and your lifestyle. Perhaps trading is not for you, the money is not worth the waiting time. Or you simply hate waiting.

Don't ask the trader whether he's profitable?

Ask how much time he has wasted waiting ?
If he doesn't know, he's intoxicated with and addicted to gambling forex.

The best trader spends the least waiting time making serious money.

Waiting is the foremost reason you say no to forex trading. Many come to this conclusion after wasting a decade to learn the dark side of forex trading. The rest are still wasting their time waiting. The clock counts down to the moment of your realisation ......

Cheers
Know what you trade
  • #115
  • May 19, 2024 8:42pm May 19, 2024 8:42pm
1 truly HUGE problem is the complete lack of real life experience. that life experience helps the person operate beyond all the "gotcha" info round the place. on dis site online and in other places. gaming-gambling-trading ect are all interchangable words n ideas. no strategy or tactic or gimmick can withstand this concept. funny how persons happily !!accept!! da displacement of reality but not of gambling ... oh i mean tradin. "there mUST be a way 2 win" and on n on. and ofc da end game 2 it is da same. gamin INSIDE da gamin room WITHIN its walls n rules will never let u keep ur winnings forever. another unpopular displacement of reality for persons. so....gotta LUV da old members n brainy persons n "successful persons" of tradin or collectin or bankin profits or "booked profits".

oh im so sorry ... did i say somethin "unpopular" ?

so da biggest problem is never wat most persons say it is. wots da point in doin somethin where u "believe" u can outdo da room wen all evidence would point 2 da contrary? it means dat every person who thinks theyll always be "able" 2 outdo !!da broker or da bank or da big boys or wotever!! .... ur playin entirely da WRONG game. but its always da same - persons who havent experienced enough havent learnt enough n seen enough 2 put it all together 2 see the real game. u dont need 2 !!be philosophical!! or wotever u need to engage ur brain .... wotevers left anyway. gotta LUV humans .... alwaaaaays think ur right .... right uuuup until it comes crashing on da head.

this is a good lesson on 1 of da biggest problems. now lets watch all da !!persons!! who dont know da meaning of da word !!No!! come outta da woodwork. da dumb lazy or da thievin or merely da highly opinioncharged.

a bleeding heart is a mess wen creatures wont see da lesson based on da problem presented.

wanna b a gambler? then cut out ur adulthood n brain n give urself 2 the art of dumb thinking. as u can see, not all average joes agree with !!the mob!! or general public. have fun
protein for breakfast !
  • #116
  • May 19, 2024 8:57pm May 19, 2024 8:57pm
Quoting BWilliam
{quote} The hardest part of trading is not fighting psychology issues like greed or fear. The hardest part of trading is not finding the winning strategy. The hardest part of trading is waiting for the right conditions to trade. The 2nd hardest part of trading is waiting for the best price to enter. Waiting does not mean, walk the dog or watch movie. Waiting means screen staring. Waiting is the most costly part of trading. Traders pay time to wait. If you're an intraday swing trader your waiting time can easily be a few hours of chart staring in...
yes sure now let me add here ... restraint before !!waiting!!. waiting doesnt respect da situation. it can get irritable or distracted. it can wanna make flash decisions or try to impress or be stubborn. restraint however, will always outperform them all. it doesnt fear or get greedy or try to outdo anyone. dis is a lesson persons need 2 learn more than any. persons who use their genitals or muscles 2 make calls or decisions are still livin in da stone age. u see it wen they shove their resume n credentials in ur face on dis site. or pretend 2 !!be one of da people!! or defend thier beliefs by makin impressive views on somethin. 2 see wot its capable of but know its UR game u play not theirs. so u dont !!use!! their targets or assertions or anticipations or expectations. u do it da way tat restraint would always do it.

as a loser of life a person always wants more n wot they have accumulated tries 2 impress or persuade. dis games' qame wants u dumb lazy hungry 4 MORE. so teetering on edge of greed. u all have da same thing in common.

patience n !!discipline!! r traits of restraint not da other way round. 2 cents offered have fun all
protein for breakfast !
  • #117
  • May 20, 2024 1:56am May 20, 2024 1:56am
Quoting BWilliam
{quote} The hardest part of trading is not fighting psychology issues like greed or fear. The hardest part of trading is not finding the winning strategy. The hardest part of trading is waiting for the right conditions to trade. The 2nd hardest part of trading is waiting for the best price to enter. Waiting does not mean, walk the dog or watch movie. Waiting means screen staring. Waiting is the most costly part of trading. Traders pay time to wait. If you're an intraday swing trader your waiting time can easily be a few hours of chart staring in...
Yep and guess what triggered twice last week as I had to head into town at lunch time? - The 2 perfect trades I had been waiting for all week! Dead on midday as I was heading out of the door, got back 45 mins later to total dismay - Sods law or the Universe is not on my side that week!
  • #118
  • May 20, 2024 6:47am May 20, 2024 6:47am
Quoting RickM
{quote} That’s a chart from Crucial Point, a thread 14 years ago maybe the best work seen on Forex Factory. The point of the post is the markets is a Sine wave where the market flips on an equilibrium. Easy money can be made by just being long on one side and short on the other.
i agree that the markets are a sine wave, most of the time.
and what i said is that you're supposed to be short when its extended upwards and should go back to the equlibrium, and vice versa for long.
  • #119
  • Edited 7:29am May 20, 2024 7:18am | Edited 7:29am
[quote=BWilliam;14872614]{quote} The hardest part of trading is not fighting psychology issues like greed or fear. The hardest part of trading is not finding the winning strategy. The hardest part of trading is waiting for the right conditions to trade. The 2nd hardest part of trading is waiting for the best price to enter. Waiting does not mean, walk the dog or watch movie. Waiting means screen staring. Waiting is the most costly part of trading.

I have a solution for this "Waiting" issue, it is an EA(algo)

I have been trading via ea for last 3 years. It took years of hard work to define the logic, code it and be satisfy with performance.

Now, I spend no more than an hour before market open, just to make sure that money factory(ea) is ready to meet the day.

I am still around charts, FF forums, as with believe in my logic and believe in execution via ea, trading became a rather pleasurable hobby.
  • #120
  • May 21, 2024 11:57am May 21, 2024 11:57am
Quoting BWilliam
{quote} The hardest part of trading is not fighting psychology issues like greed or fear.
People say there are things called computers. Also people say there are programmers somewhere and they do algos. Does algo has greed or fear?
In my opinion all these talks about psychology is just a way to explain and justify laziness and lack of knowledge.
Observer effect
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