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Price is everything

  • #31,441
  • Dec 23, 2024 2:55am Dec 23, 2024 2:55am
Quoting 5000trader
I am new here and this is off topic, but I have a doubt regarding MACD MACD in 5min timeframe and 15min timeframe are in opposite direction, then which direction the chart will move probably?
I trust 15 min TF more for the bigger picture what your take?
  • #31,442
  • Dec 23, 2024 7:48am Dec 23, 2024 7:48am
Quoting sen7en
{quote} Thank you for sharing your valuable thoughts with us. What is your trading plan and strategy?
I've always wanted to trade forex, and have tried for about 12 years with no success. At the end this market is so large that no strategy lasts for long; I know a few bank traders that trade fundamentals, but that is you need to be up to date and understand all the fundamentals, and you need to be ready at any time, when a release is coming, etc.

Honestly I don't believe anyone can be a succesful Forex day trader on the long term, based only in pure technicals, price action,etc.. I've never seen a track record from any trader claiming to the able.

So yes.. while day trading Forex has always been my dream (24 hours market, easy to get leverage, tight spreds, loads of liquidity, etc.), nowdays I only do US stocks value investing. I think I've been long enough watching Forex markets, and I've developed enough technical systems that I have come to the conclusion that any system on the long term will be a 50/50, and as you need to pay spreads and commissions; and will also get some slippage on your stops every now and then: so in the long term it's a net negative business.

Maybe fundamentals are the missing piece, as, as I said before, I know a few bank traders, that trade FX for a living; but at the end, they trade bank's money, and are sorrounded by all type of fundamental experts, that will give them the "Bank's bias" on any currency at any time. Something hard to achieve for a solo day trader.

In all this years, I've never met a single pure price action retail trader, that can honestly say he has been profitable for years.
  • #31,443
  • Dec 23, 2024 12:37pm Dec 23, 2024 12:37pm
Quoting averied
{quote} I've always wanted to trade forex, and have tried for about 12 years with no success. At the end this market is so large that no strategy lasts for long; I know a few bank traders that trade fundamentals, but that is you need to be up to date and understand all the fundamentals, and you need to be ready at any time, when a release is coming, etc. Honestly I don't believe anyone can be a succesful Forex day trader on the long term, based only in pure technicals, price action,etc.. I've never seen a track record from any trader claiming to...
if you are not successful for that long time then it means the problem is not in price action nor in fundamentals rather it’s you who needs to correct himself.
  • #31,444
  • Dec 23, 2024 1:05pm Dec 23, 2024 1:05pm
Wow this chat is still alive.. i am amazed .. glad to see people in here ..
Candlesticks dont move markets, Volume does
  • #31,445
  • Dec 23, 2024 3:38pm Dec 23, 2024 3:38pm
Maybe price is not everything but can tells us a lot.
I am not someone who trades using candles on the 5-15 minute time frame. I am a swing trader. Some basic price action principles and the compression-consume ideas I learnt from redsword have helped me a lot when entering and exiting positions. Forex is a bottomless pit and my life and anxiety are not suitable for forex trading. I respect people who trade in forex and wish them success.
  • #31,446
  • Dec 25, 2024 4:32am Dec 25, 2024 4:32am
Quoting sen7en
Maybe price is not everything but can tells us a lot. I am not someone who trades using candles on the 5-15 minute time frame. I am a swing trader. Some basic price action principles and the compression-consume ideas I learnt from redsword have helped me a lot when entering and exiting positions. Forex is a bottomless pit and my life and anxiety are not suitable for forex trading. I respect people who trade in forex and wish them success.
Maybe you should just spend a little more time over developing trading plan, setting targets as well as considering stringent rules on how you limit losses and the number of losing trades and maybe you anxiety won't affect your trading performance in such extent that it ruins everything. At least this is how I see it.
  • #31,447
  • Dec 25, 2024 5:02am Dec 25, 2024 5:02am
i LUV it when ppl say things bout price. OR EVEN BETTER they claim on websites what they do or dont do. VEEEERY amusing.

heres all u need 4 day tradin = 2 tiered levels o direction n an understanding of da instruments important values. these values are ur 2 basic avg movement length. DONE. setup chart. set other needed pointers then wait. 5points a day after costs will do ya proud. do it EVERY day capable n give urself a few years. accounts dont enlarge coz u post online they enlarge coz they enlarge thru basic growth. stay well below 5:1 lev. have at least 500 or 1000 $ in account when starting. get in amongst da absorption of what takes the risk outta what its doin and ur off with da direction. done.

!!price is everythin!! come on ppl gimme a fn break. ppl talk alot of shit really. have fun
protein for breakfast !
  • #31,448
  • Edited 2:57pm Dec 25, 2024 10:57am | Edited 2:57pm
Quoting oochiwaawaa
all u need 4 day tradin = 2 tiered levels o direction n an understanding of da instruments important values. these values are ur 2 basic avg movement length. DONE. setup chart. set other needed pointers then wait. 5points a day after costs will do ya proud. do it EVERY day capable n give urself a few years.
Peter, you previously claimed to make 5% per day on your Forex trading. Are you now amending that claim by downgrading your daily performance to 5 points/day? Are you aware, as someone who has obtained "an understanding of da instruments" that the Forex is measured in pips, not points? And as for "ppl talk alot of shit", this would be an excellent time for you to admit you talk nothing but shit.
  • #31,449
  • Dec 25, 2024 1:20pm Dec 25, 2024 1:20pm
Instead, it may be more useful to discuss what we know about trading; on harmonics, support resistance, algorithms, order blocks etc.
  • #31,450
  • Dec 25, 2024 6:55pm Dec 25, 2024 6:55pm
da way i see it its like this --- talk talk talk === OH NO!! whered da time go ?!!!

OR

take heeed o common sense when it sticks its head up. daaaaahhh

unlike ur fellow interneters who LUV makin a habit o bein very uncooperative or constructive ....... like this person ===

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OH NOOOO! theyre singling me out!! wheres my mooooommy ?!!

so intervener, who r u a lackey for? who u work for?

IMAGINE if u will, a pro trader who does things n thinks the same way amateurs n beginners do. Or better yet, someone who SAYS on their profile theyre a !!professional trader!! ..... gimme a fuckin break !

###### what i posted b 4 can be useful to any who still possess common sense n a few brain cells

heres da egs o ppl Id be VERY lucid around = online "pro traders", "ive got a million dollar account", "ive been tradin/collectin for years" etc etc and etc AGAIN.

if u assume price "is" what ppl say it is (ofc course without any hard proof= oh jeez we wouldnt want any o THAT here PLEASE! hehehe) then youll meander forever.

if u do 5points/pips/% per day itll bring u MORE real consistency than TRYIN to !!do 200pips just this week maaaan!! === for fucks sake tonto give up youll never be da lone ranger!!

"Instead, it may be more useful to discuss what we know about trading; on harmonics, support resistance, algorithms, order blocks etc." == OR MAYBE just do sum more research hhmm.

so ill say it again === i luv it when ppl talk shit, but obviously give no thought to WHAT theyre sayin. yes im aware that person was just tryin to get a rise outta me. BUT it warms my heart to know if we were talkin on da street Id only laugh n KEEP WALKIN. have fun all
protein for breakfast !
  • #31,451
  • Dec 25, 2024 8:58pm Dec 25, 2024 8:58pm
Quoting oochiwaawaa
if u do 5points/pips/% per day itll bring u MORE real consistency than TRYIN to !!do 200pips just this week maaaan!!l
Peter, last year, when you were PeterCaleb, we clearly established the fact that you "traded" with a $100 margin account, and you claimed to achieve a 5% return per day on that account. You are now saying to everyone here that 5 points per day can be achieved by understanding the 2 tiered levels of direction of the instruments being traded, and an understanding of that instruments important levels, which is the 2 average movement length of the instruments. Is that correct? This is your secret to 5 points (pips) or 5% each and every day. Which is it, Peter? The reason I ask is the same reason as before: you are a fraud, a fake, and a liar. You are a know nothing poser. Let me once again offer you an opportunity to prove me wrong, by offering to trade with you, contemporaneously, right here on this thread, over 2 or 3 days, sharing analysis, trade setups, and trades. Put your money where your mouth and undeserved ego are, and let's show everyone how your version of professional trading differs from mine.
  • #31,453
  • Dec 26, 2024 7:50am Dec 26, 2024 7:50am
ppl could learn a thing or two about price hahahaha

https://www.forexfactory.com/thread/...6#post15099736
protein for breakfast !
  • #31,454
  • Dec 26, 2024 10:24am Dec 26, 2024 10:24am
Quoting oochiwaawaa
ppl could learn a thing or two about price hahahaha https://www.forexfactory.com/thread/...6#post15099736
Peter, you said "my knowledge is my own", in an effort to dodge the issue of your performance claim. Is it 5 points (pips) or 5%? How can you make 5% with a trading account balance of $100? The point in all of this is, you have no real knowledge. Your refusal to explain or expand on your comments and your idiotic statements underscores the fact that you are a fraud. Case in point: you recently said on this thread,"heres all u need 4 day tradin = 2 tiered levels o direction n an understanding of da instruments important values. these values are ur 2 basic avg movement length. DONE. setup chart. set other needed pointers then wait. 5points a day after costs will do ya proud. do it EVERY day capable n give urself a few years." I know that you are the master of copying other people's work and posting it as your own. So, either attribute the idea in this post, or explain it. BTW, if we met here to conduct a joint trading session for a few day, we could help expand the discussion of price or exchange rates. Peter, you could actually contribute something to FF rather than treat everyone with contempt, and thereby separate yourself for all the other "internetters".
  • #31,455
  • Dec 26, 2024 7:06pm Dec 26, 2024 7:06pm
why do ya miserable sacks o shit think not answerin u is dodgin anythin? r u a retard? do ya have a handicap ?

from where i sit ppl like u have nothin to offer. ur leeches, dumb, lazy, thieves so whats there on offer?

if someone wants to know how to trade a mere $100 acct and retain 5% or even just 5pips in a day ...

A VERY VERY VERY SIMPLE breakdown for ya

A= 100 balance
B= lev:margin ratio as an integer $ amount
C=max lev as integer
D=points/pip value aligned with denom acct
E=number of hours in full day
F=number of minutes in 1 full hour
G=goal for 1 full day

Open balance = A/2 - (A-b)
Margin separation = G: (E x F)
Lever balance = (A/D) / E

Ergo...
if instrument will pay $0.15 per "pip" using a $100 acct at (retail max level lev as at todays date) and goal is 5% ($5.00) in one day = 5.00 / 0.15 = WHAT???
=34 "pips" gross rounded up. now add in costs of say, another 10"pips" then you have 44.
= 44 / max hours in a full day
= 2 "pips" rounded up. so lets say 3 to add in additional individualized costs. (just to make it "more real" for da skeptics)
=now eyeball slow medium avg range of movement
= 100 / 5 = max 20 opportunities in a full 24hr day to generate 5% .... or 5pips. or whatever u need.

SEE?? even an eighth grader like you ge can do THAT !!

da rest o what u internters go on bout is just trash. go bak to ur matrix ge n suckle a pig bud
protein for breakfast !
  • #31,456
  • Dec 26, 2024 7:06pm Dec 26, 2024 7:06pm
so as i said pal = my knowledge is my own go f urself
protein for breakfast !
  • #31,457
  • Dec 26, 2024 7:08pm Dec 26, 2024 7:08pm
oH Im sorry should i have put up a pretty chart ??!!!!!!!

conditional maths no ur "thing" ?????? oh well bad luck
protein for breakfast !
  • #31,458
  • Dec 26, 2024 7:18pm Dec 26, 2024 7:18pm
see its like this ge === UR WAYS DONT WORK ...... in da constructive AND da abstract or general

how would i know this?

look at da people BEHIND da person. simple. ur a follower. and anything else u r when ur not tryin to be someone else.

"price is everythin" and "professional trader" === gimme a fuuuuuuuckin break

online's easy. ofline's more fun.

da cheeziness o online ppl
protein for breakfast !
  • #31,459
  • Dec 26, 2024 7:55pm Dec 26, 2024 7:55pm
i guess da next thing the turds will say is === what ya wrote dont make sense!

ofc it makes sense if u stop !!being a professional trader!! or !!its all bout da cash!! schmucks n look at reality for average people who dont have million dollar funds etc. despite da fact that too many ppl are HEAVILY underfunded to trade anything these days, if ya !!had to!! trade a $100 acct for sum reason, youd need to be in full control of u n what ur doin. u simple cant do that if u listen to online ppl from ANYWHERE...... OR NOWHERE. have fun with price
protein for breakfast !
  • #31,460
  • Dec 26, 2024 8:54pm Dec 26, 2024 8:54pm
Quoting oochiwaawaa
why do ya miserable sacks o shit think not answerin u is dodgin anythin? r u a retard? do ya have a handicap ? from where i sit ppl like u have nothin to offer. ur leeches, dumb, lazy, thieves so whats there on offer? if someone wants to know how to trade a mere $100 acct and retain 5% or even just 5pips in a day ... A VERY VERY VERY SIMPLE breakdown for ya A= 100 balance B= lev:margin ratio as an integer $ amount C=max lev as integer D=points/pip value aligned with denom acct E=number of hours in full day F=number of minutes in 1 full hour G=goal...
Peter, let's stay focused on the following statement that you made earlier: "heres all u need 4 day tradin = 2 tiered levels o direction n an understanding of da instruments important values. these values are ur 2 basic avg movement length. DONE. setup chart. set other needed pointers then wait. 5points a day after costs will do ya proud. do it EVERY day capable n give urself a few years." This is how you achieve the 5 point/pip or 5% or 34 to 44 pip daily performance, correct? And if correct, please explain why, after more than a year of Forex trading, you are still trading with a $100 account? BTW, nice job explaining how 5% 0f 100 is 5, and how you need 34 pips at $.15/pip to get to $5. I'm guessing you spent all day working through the numbers.
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