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Looking for Real Trading Method

  • #381
  • Jun 23, 2014 11:38pm Jun 23, 2014 11:38pm
Quoting skfx
{quote} LOL Your easily confused. Q:If I'm big enough to micro shift the market(CB's manage the handles), could someone please tell me how you would know from a price chart where I'm working from?

sk, my friend, it's way too much for a 91 year young person like myself. The max I can gather from your these posts is that if you try to move the market (one, two or few pips) by entering a huge positon, how someone would know your location from a price chart. I have no idea.
The Thief of Wall Street
  • #382
  • Jun 23, 2014 11:45pm Jun 23, 2014 11:45pm
Quoting Chicky
I am NOT a professional trader but have deep interest in foreign currency trading. Have spent many years in this market and have developed and tested countless trading methods, also tested methods invented by others. I don't know how much and what is true in whatever is posted or claimed here. When I say I don't know, I honestly mean I have no means to check accuracy or otherwise of these claims. Therefore, all who claim 3% a year to 3,000% a year are innocent until proven guilty. However, everytime I read a claim about a system that is consistently...
Taking everything off your charts and observe.
The road to pipland is arduous and fraught with challenge.
  • #383
  • Edited Jun 24, 2014 12:11am Jun 23, 2014 11:55pm | Edited Jun 24, 2014 12:11am
Quoting traider
{quote} Taking everything off your charts and observe.
Yes boss! I already did that. I have no lines on any of my charts. Done away with these for quite sometime, maybe few months ago. I don't say technicals are useless, its only that the method I am testing currently doesn't need no technical study.

Ps. I am with Magix on this that one needs a chart and shit load of lines on it if wants to trade technicals. People do trade based on technical studies. These studies work for many, but I see no advantage in using technicals.................. I look for logic more than anyting else.

After thought: "Logix" could be a good user name.
The Thief of Wall Street
  • #384
  • Jun 24, 2014 12:19am Jun 24, 2014 12:19am
Quoting Chicky
{quote} Yes boss! I already did that. I have no lines on any of my charts. Done away with these for quite sometime, maybe few months ago. I don't say technicals are useless, its only that the method I am testing currently doesn't need no technical study. Ps. I am with Magix on this that one needs a chart and shit load of lines on it if wants to trade technicals. People do trade based on technical studies. These studies work for many, but I see no advantage in using technicals.................. I look for logic more than anyting else. After thought:...
You've a long and challenging journey to make. Prepare yourself psychologically as this game is complex. You might want to read up on price discovery.
The road to pipland is arduous and fraught with challenge.
  • #385
  • Jun 24, 2014 12:39am Jun 24, 2014 12:39am
Quoting traider
{quote} You've a long and challenging journey to make. Prepare yourself psychologically as this game is complex. You might want to read up on price discovery.
I think my experimental journey is almost over. There are many ways one can benefit from this market. But I always wanted to find something that is so reliable that I could trust upon it key to my vault. Think I now have a real system. I don't say rest of the methods are not good enough, but they do not guarantee peace of mind. I now enjoy my trading because it meets all logic tests and provides sense of security. The bigger question for me now is that how can I save people who are right now going through what I went through. I am working on it.
The Thief of Wall Street
  • #386
  • Jun 24, 2014 12:45am Jun 24, 2014 12:45am
Quoting Chicky
{quote} I think my experimental journey is almost over. There are many ways one can benefit from this market. But I always wanted to find something that is so reliable that I could trust upon it key to my vault. Think I now have a real system. I don't say rest of the methods are not good enough, but they do not guarantee peace of mind. I now enjoy my trading because it meets all logic tests and provides sense of security. The bigger question for me now is that how can I save people who are right now going through what I went through. I am working...
Even this gives me no worries.
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The Thief of Wall Street
  • #387
  • Jun 24, 2014 12:46am Jun 24, 2014 12:46am
Quoting Chicky
{quote} I think my experimental journey is almost over. There are many ways one can benefit from this market. But I always wanted to find something that is so reliable that I could trust upon it key to my vault. Think I now have a real system. I don't say rest of the methods are not good enough, but they do not guarantee peace of mind. I now enjoy my trading because it meets all logic tests and provides sense of security. The bigger question for me now is that how can I save people who are right now going through what I went through. I am working...
I would suggest leaving each to make his or her own journey with some guidance to get them on the way. The will to succeed is essential IMHO.
The road to pipland is arduous and fraught with challenge.
  • #388
  • Jun 24, 2014 12:50am Jun 24, 2014 12:50am
Quoting traider
{quote} I would suggest leaving each to make his or her own journey with some guidance to get them on the way. The will to succeed is essential IMHO.
This is exactly what I intend to do. Not even guidance, just give them some food for thought. Like someone turns on the light in the dark room where they are sitting. Rest is up to them............ We all have to make our own roads in this journey. There is no one set pathway to success.
The Thief of Wall Street
  • #389
  • Jun 24, 2014 12:52am Jun 24, 2014 12:52am
Definitely.
The road to pipland is arduous and fraught with challenge.
  • #390
  • Edited 5:02am Jun 24, 2014 4:30am | Edited 5:02am
Quoting skfx
{quote} With the right tools merquise you can locate institutions with influence and trade 'with' them.Hell, they may as well just give you their prices they are working. Confidence is a byproduct of capitalising on an understanding of what is going on around you. Rgds
I get where your coming from when leaning on size, but how do you know it is real or spoofed?

I could have a very 'weak' offer/s that stick and refresh continually with a heavy bid. Giving away expectations for higher prices. Fair enough.
(edit) Many a time its faked and it cracks lower.

But, this also fails many a time. Any thoughts?

Cheers
  • #391
  • Jun 24, 2014 5:08am Jun 24, 2014 5:08am
Can this be used..DoM on cTrader platform...I can't make any of this, all I see is a bunch of orders which are matched nothing else

http://s6.postimg.org/5uqb8slk1/2014..._115902_cr.jpg
  • #392
  • Jun 24, 2014 8:58am Jun 24, 2014 8:58am
Quoting merquise
Can this be used..DoM on cTrader platform...I can't make any of this, all I see is a bunch of orders which are matched nothing else {image}
Really depends on what this is showing...

Are these historical trades or is the actual Level 2?

To me, it would seem to be Level 2, and those are your bid and ask stacks...they show where the buyers are for size and where the sellers are. This would be indicative of pending orders...again, this is under assumption this is level2...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393
  • Jun 24, 2014 9:32am Jun 24, 2014 9:32am
No no it's the actual level 2..it's from FxPro.. I downloaded theirs cTrader ECN platform to see what is it, and I'm seeing those orders but have no idea what to do with them as they are flowing in at different prices and sizes and the price is just jumping up and down.. also this platform has 34 tick charts...it's nice to see on tick level what is going on
  • #394
  • Jun 24, 2014 11:45am Jun 24, 2014 11:45am
Big day here guys.
I will be online again later to answer some Q's.
Rgds
  • #395
  • Jun 24, 2014 2:40pm Jun 24, 2014 2:40pm
Quoting merquise
{quote} Ok, one question... You can see where are the big buy and sell orders in currency futures? Can you use those numbers as some reference points for spot FX, no?
Correct merquise ,you have the limit book.
What you'll also get is someone large putting money on the table. That means you'll see what goes in and what comes out.
You can't hide in this game.
rgds
  • #396
  • Jun 24, 2014 2:44pm Jun 24, 2014 2:44pm
Quoting merquise
Can this be used..DoM on cTrader platform...I can't make any of this, all I see is a bunch of orders which are matched nothing else {image}
No,this is 100% useless.
You cannot see intent or level of commitment.
Can you see money put on the table??No
rgds
  • #397
  • Jun 24, 2014 2:52pm Jun 24, 2014 2:52pm
Quoting Pipalicious
{quote} I get where your coming from when leaning on size, but how do you know it is real or spoofed? I could have a very 'weak' offer/s that stick and refresh continually with a heavy bid. Giving away expectations for higher prices. Fair enough. (edit) Many a time its faked and it cracks lower. But, this also fails many a time. Any thoughts? Cheers
Pip,
You'll need to see money put down on the table.
You get around this by working 'their'(the jokers that run the show) base prices. If you are shooting your pistol at every tick that moves, you'll end up with your nickers in a twist.

That price 'they' are working,they'll mark it up every time. They passively sit there and get slapped. Then either they or someone else will feel them out and block hit the bid/offer above/below the accumulated price.
As mentioned, to get price to reverse or continue, you'll need accumulation and block hitting. That's the only way it'll lift/fall.
Repetitious intent gives them away.
Bunds London morning. They were working 02's 04's 09's and 14's. I found this out not from a chart, but by analyzing book and what comes out the other side.
rgds
  • #398
  • Jun 24, 2014 2:54pm Jun 24, 2014 2:54pm
Why ? Fib is nothing , just a ratio .... use it wise or bust same with any other strategy , i can use just price wit its own souce . still waiting to look and hear how you do your special souce ...
  • #399
  • Jun 24, 2014 2:55pm Jun 24, 2014 2:55pm
Quoting Chicky
{quote} sk, my friend, it's way too much for a 91 year young person like myself. The max I can gather from your these posts is that if you try to move the market (one, two or few pips) by entering a huge positon, how someone would know your location from a price chart. I have no idea.
The reason why you have no idea is because you can't with a chart.
Retail are trying to wash an elephant with a tooth brush.
By the way, you're doing great for 91. Like a fine wine
Rgds
  • #400
  • Jun 24, 2014 3:08pm Jun 24, 2014 3:08pm
Quoting Steamer
Why ? Fib is nothing , just a ratio .... use it wise or bust same with any other strategy , i can use just price wit its own souce . still waiting to look and hear how you do your special souce ...
If you were a big guy you wouldn't have this problem. You would feel your presence in the market place. Big guns move markets.
If big guns move markets then you need to locate these guys trading size.
Fibs will not help you here. Complete and utter waste of time and more importantly money.

We are at a gross disadvantage with the size we do.
The feedback one gets trading huge size in the market place is ridiculous.
Example:
I'm big, I know I'm big because I 'feel' the response of the market to my presence. I know what I can get done.
I like 05's. I want that price long so I began icing 05's. I ice because I really don't want anyone seeing what I'm doing. I get 500 filled at 05's. I notice that it goes bid 04's. Now, as it turns out, someone is icing 04's, but its not me(I have a friend?). Not only that I decide when it goes bid 05's, I do some more. Then someone block hits 06's. Well it seems I have another friend and we all agree on longs from 04.

If you aren't one of these guys, how the hell will you get this kind of information from a chart?
The answer is obvious.
rgds
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