The magical mystery tour of the divine markets | Page 23 | Forex Factory

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The magical mystery tour of the divine markets

  • #441
  • Mar 5, 2014 8:03am Mar 5, 2014 8:03am
Quoting nunrgguy
Thought for the day. So 95% retailers fail Map for failure What do retailers do? 1. Use indicators 2. Buy low, sell high 3. Sell at supply, buy at demand 4. Buy at demand, sell at supply 5. Believe support and resistance are barriers 6. Don't trade the news 7. 'Scalp' 8. Day trade 9. Draw lots and lots and lots and lots and lots of lines on charts 10. Spend every waking hour studying how to read PA 11. Follow a stupid risk model 12. Believe in the myth of tight stops and place them where they will get hit most of the time 13. Believe in the myth...

you make some valid points, but don't forget we all over estimate our own abilities.

You make a statement here about being long and short the same market and holding indefinitely, sure your short term trades of current supply and demand levels is a valid approach, but it will never come close to making the exponential profits I have seen from position trading using the approach you disagree with.

The key is knowing how to diversify your position to trade short, medium and long term all at the same time. So, don't fall into the trap of believing everything you feel, we all are almost never as good as we believe.

also... risk to reward myth, well you need to be more specific, but as you like trading based off what has happened in the past, according to past results, higher the risk reward ratio more profit, of course you need to move out of the box of 1/2 1/3 and look much more towards 1/10 1/20... but as you know, that's bast on something that may never happen again... uncertain and all that

good luck....
tradewith60
  • #442
  • Mar 5, 2014 8:06am Mar 5, 2014 8:06am
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  • #443
  • Mar 5, 2014 8:13am Mar 5, 2014 8:13am
Much clearer now, thank You. I will post if I have some other questions. Have a nice day!
  • #444
  • Mar 5, 2014 8:15am Mar 5, 2014 8:15am
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There's nothing special about the timeframes - I've only gone to H4 so I can see further back in time. Past levels are always approximate.

See momentum, see breakout, see Stale Wind

Use PA in the present to make your entry and exit decisions
  • #445
  • Mar 5, 2014 8:23am Mar 5, 2014 8:23am
Once you see IT, you'll also see how damn difficult it actually is, this is all very approx:
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  • #446
  • Edited 9:48am Mar 5, 2014 8:31am | Edited 9:48am
Quoting 60minuteman
{quote} you make some valid points, but don't forget we all over estimate our own abilities. You make a statement here about being long and short the same market and holding indefinitely, sure your short term trades of current supply and demand levels is a valid approach, but it will never come close to making the exponential profits I have seen from position trading using the approach you disagree with. The key is knowing how to diversify your position to trade short, medium and long term all at the same time. So, don't fall into the trap of believing...
Being long and short the same market makes no profits and is not position trading. You have no idea what I'm talking about apparently because I am advocating position trading . There are other definitions to position trading than ''holding forever' and 'oops I've haven't got enough margin in my account to trade this fantasy'

Talking of exponential profits when we are in the world of retail where nearly all fail is pure fantasy. Stop peddling nonsense. Exponential profits come from compounding.

'This method makes more money than that method'
Most don't make ANY money with any method for any meaningful period of time. It's pure conjecture.


Trying to get 1/10 etc - I think I showed a live trade only last week that did around that. What's the problem?
What did my idiot trade on 5 min this morning do? 4:1 ish, would've been 5:1 if I'd TP when hitting the level rather than seeing if it would go further? Why did it start going the other way? Oh yeah big supply level, nope, lets move out stop to breakeven and hope - oops only it wiped us out for nothing almost immediately Giving us a negative R:R negative? Yes we foolishly risked 1% OF OUR CAPITAL to gain 0. = -infinity% R:R

So what? 5:1. 8:1 it's bo110cks 1 punt in with 1% of your account, hold and hope it goes through all those market levels.

Exponential gains come from risking as little of your capital as possible, getting your lot size up, maxing your leverage out and kicking the market in the b0110cks with its own money. Followed by compounding over time.
  • #447
  • Mar 5, 2014 8:35am Mar 5, 2014 8:35am
Nice work my friend.. the template that you athach with the indicator dosent shows the patterns...
  • #448
  • Mar 5, 2014 8:40am Mar 5, 2014 8:40am
Quoting nunrgguy
{quote} Being long and short the same market makes no profits. And talking of exponential profits when we are in the world of retail where nearly all fail is pure fantasy. Stop peddling nonsense. 'This method makes more money than that method' Most don't make ANY money with either. It's pure conjecture. Trying to get 1/10 etc - I tihnk I showed a live tried only last week that did far more than that. What's the problem? What did my idiot trade on 5 min this morning do? 4:1 ish So what? 5:1. 8:1 it's bo110cks 1 punt in with 1% of your account, hold...
You are of course completely wrong, Short term gratification is want we feel is best, but it's not.

good luck..

by the way, you were the one saying certain methods are better than others, I was disagreeing
tradewith60
  • #449
  • Mar 5, 2014 8:41am Mar 5, 2014 8:41am
I am viewing the last query as a personal attack.

When I am done throwing my toys out of my pram I shall insist that everyone in the thread be nice to me, ask no questions and agree with everything I say: this is how all FF Gurus operate.

From now on, all questions need to be wrapped in a £50 note
  • #450
  • Mar 5, 2014 8:43am Mar 5, 2014 8:43am
Oh, c'mon, of course I'm taking the p1ss.

10:1 RR - that would have worked marvelously this past 2 weeks on GU, lets trend trade a ranging market
  • #451
  • Mar 5, 2014 8:50am Mar 5, 2014 8:50am
Quoting nunrgguy
I am viewing the last query as a personal attack. When I am done throwing my toys out of my pram I shall insist that everyone in the thread be nice to me, ask no questions and agree with everything I say: this is how all FF Gurus operate.

nunrgguy, you're the man!

When you decide to kick 60minuteman's ass - let me know, I'll be glad to help!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #452
  • Edited 9:13am Mar 5, 2014 8:52am | Edited 9:13am
Quoting 60minuteman
{quote} You are of course completely wrong, Short term gratification is want we feel is best, but it's not. good luck.. by the way, you were the one saying certain methods are better than others, I was disagreeing
I am wrong saying being short and long the same market at the same time doesn't make money I've heard it all now.
You've seen it done? In PipEasy's thread? Now you're absolutely sure you've SEEN it being done

Yes we DO all over-estimate OUR own abilities, don't WE.

Quote where I state a method is better than another using those words? I was paraphrasing you my friend barging into the thread saying the position trading method I advocate will not make exponential gains re position trading you advocate which isn't position trading at all and is based on a none understanding of magic bars you whipped from the same chappy I whipped most of this from

And Joe can't trade his way out of a paper bag either

You assume I seek short term gratification?

Think man, think.

How do you get your lotsize up, max out your leverage and yet still only risk 1% of your capital?
How do you do it?

Hold and hope when you're maxed out by all means, if you lose you lose 1%. f you win you win just a little bit more than 10%....just a little bit

  • #453
  • Mar 5, 2014 8:53am Mar 5, 2014 8:53am
Quoting Favorite
{quote} nunrgguy, you're the man! When you decide to kick 60minuteman's ass - let me know, I'll be glad to help!
Any time
  • #454
  • Mar 5, 2014 9:01am Mar 5, 2014 9:01am
Quoting dsncorp
Nice work my friend.. the template that you athach with the indicator dosent shows the patterns...
Cats?
  • #455
  • Mar 5, 2014 9:03am Mar 5, 2014 9:03am
Quoting nunrgguy
{quote} Any time
Cool!

In case you don't know - last year this smart aleck tried himself to be a FF Guru, and I kicked him with his thread H4 Power out of the ForexFactory, he had to move his thread to another forum. And now HE is criticizing YOU? The nerve some people got...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #456
  • Mar 5, 2014 9:08am Mar 5, 2014 9:08am
I must stop. Arguing with people makes me look weaker not stronger. I should know this. I'm a guru.

Need


to


be


more
  • #457
  • Mar 5, 2014 9:08am Mar 5, 2014 9:08am
enigmatic
  • #458
  • Mar 5, 2014 9:10am Mar 5, 2014 9:10am
Quoting Favorite
{quote} Cool! In case you don't know - last year this smart aleck tried himself to be a FF Guru, and I kicked him with his thread H4 Power out of the ForexFactory, he had to move his thread to another forum. And now HE is criticizing YOU? The nerve some people got...
I've seen the thread - ask him if he's heard of a guy from Belgium called Dragon
  • #459
  • Mar 5, 2014 9:11am Mar 5, 2014 9:11am
Quoting Favorite
{quote} Cool! In case you don't know - last year this smart aleck tried himself to be a FF Guru, and I kicked him with his thread H4 Power out of the ForexFactory, he had to move his thread to another forum. And now HE is criticizing YOU? The nerve some people got...

Yes, cats template and indicator..
  • #460
  • Mar 5, 2014 9:12am Mar 5, 2014 9:12am
Quoting nunrgguy
I must stop. Arguing with people makes me look weaker not stronger. I should know this. I'm a guru.
Exactly! Don't argue with the idiots, just tell them to shut up! Or let me know, and I will shut them up for you!
Gentlemen always play by the rules. If they can't, they change the rules.
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