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Attachments: Looking for Real Trading Method
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Looking for Real Trading Method

Quoting skfx
{quote} There's more to life than spot fx. Some people never learn. rgds
Jokes aside it would be interesting to see some live examples of wha you're seeing, something different anyway.
like totally failure brah
@ skfx

I was talking about all markets, not only spot fx.

So what would you do?
Quoting skfx
Here's the Bund. What's the prime price? 0ne number, but can you pull that from a chart real-time without guessing or hoping it works? rgds {image}
Can I try Ok here's what I would do in this case...I would pull Pivot Points to see where is the price regarding the main pivot, if it's above I would go Long and Short if it's below...let's assume that the price opened above main pivot..

There is a congestion area between 146.35 and 146.25 so I would put BUY Stop order let's say on 146.37 with stop loss at 146.20 which is below daily low and TP at 1:2 R:R...If the price goes 0.17 points in my favour I would move stop to brake even and then I would trail it for 0.17 points.. I would move my TP target also accordingly...

At the same time I would put SELL Stop order at 146.20 with Stop loss at 146.37 with the exact rules as above..well that's what I would do

Skfx, are there some Demo platforms for futures trading? I would love to try to trade with those 500$ you mentioned

EDIT: Btw. Another thing I might do is Hedge my Long position with buying a PUT option at strike price of 146.20 and therefore hedging my risk here if the price doesn't go in my favour..But with a 500$ account I don't know if this is feasible At the end of the day I would sell the option and close the position...
Quoting No-Luck
@ skfx I was talking about all markets, not only spot fx. So what would you do?
Buy scratch tickets...

As fundamentals are typically worthless and if you cannot have an idea of the techs on these...why would you even try?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting ud1nh0
interesting opinion by magix. that raised my newbie questions. in the term of IF THEN logic and technical analysis, what is the purpose of Stop Losses and Take Profit check-points? did it have to do with identifying change of price direction for some minimum timeframe and/or price range from current time when entered a trade?
Setting stops or limit orders, not really my bag..

Not by way of profit, not by way of loss. If I am taking a position, I am taking it with a defined range in mind and this typically depends on the methodology applied as well as the current week, as in, what cycle are we in?

Supply and Demand cycles are a lot of what skfx has been talking about. He derives his information from larger orders tops and bottoms, others like myself use charts. I have still yet to see a single trade posted or any genuine information that is currently relevant by skfx, so I am going to stick with technicals as the hands down winner, until proven otherwise.

These are the market chop cycles. Setting in a Swing Trade in a choppy market, will typically ensure that if you are using stops or reasonable levels of DD for exits and reasonable levels for Profit, you will inevitably need to exit a lot sooner than you would have anticipated and it will typically not be in your favor. So, this is why don't we do this..

I trip with trend and in the direction of the obvious. I can spot support and resistance and if I am trading to one of these places, I will assume that they will hold...If I do see a market breakout, I will look for a retest of these zones and find opportunity to take the trade. Really, why leave anything on the table, when you know that money will be coming back to pick you up anyways?

Taking these terms as generalities, still mandates that they are applicable to your market strategy.

What do you call profit?
What is reasonable as a loss?
What can you afford to risk?
How much time are you committing to market?

All of these demand that you define yourself as a trader before you even fund a live trade account. Otherwise, you are just giving your money away in the hopes of finding the one lucky trade to give you unlimited riches...well, this ain't the stock market and there are very few microsoft stock stories...might well afford yourself the time of planing and gain the necessary gear for your 1000 mile journey.

Great questions though and these are definitely what you should write down beside your trade station, and ask, prior to taking your next position. Don't push the button until you have these answers.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Real Trading Method....?

The truth is

1) ANYTHING CAN HAPPEN

2) You don't need to know what is going to happen next in order to make money

3) There is a random distribution between wins and losses for any given set of variables that define an edge

4) An edge is nothing more then an indication of a higher probability of one thing happen over another

5) Every moment in the market is unique

Inserted Video
Dedication brings Satisfaction and Success.
Quoting simonb
{quote} How are the software sales going bro? Got any bites?
Hard to make sales when I don't own software, Bro.
We're looking for substance here. Its time for you to pitch in your share.
You got something to offer other than a guess and some techs,then let us have it.
Rgds
Quoting No-Luck
@ skfx I was talking about all markets, not only spot fx. So what would you do?
NL,
I wouldn't touch spot with a 40 foot barge pole. Major disadvantage.
Futures.
Can you make some money trading it? Sure. Are you making your life harder? Absolutely!
Rgds
Quoting simonb
{quote} Jokes aside it would be interesting to see some live examples of wha you're seeing, something different anyway.
Nope, that won't be happening here, not on this thread.
You guys know to much, plus i don't want to embarrass myself.
You'll sort it out.
Enjoy!
Rgds
  • Post #470
  • Quote
  • Edited Jun 26, 2014 12:36am Jun 25, 2014 3:38pm | Edited Jun 26, 2014 12:36am
Quoting merquise
{quote} Can I try Ok here's what I would do in this case...I would pull Pivot Points to see where is the price regarding the main pivot, if it's above I would go Long and Short if it's below...let's assume that the price opened above main pivot.. There is a congestion area between 146.35 and 146.25 so I would put BUY Stop order let's say on 146.37 with stop loss at 146.20 which is below daily low and TP at 1:2 R:R...If the price goes 0.17 points in my favour I would move stop to brake even and then I would trail it for 0.17 points.. I would move...
Merquise,
You buy 27's. Repetitious intent.
You buy 27's because someone with money kept icing that level propping it up. Not only that, others kept front-running it going to market above that price with nice block hits. In addition no one would touch 26's with any size.
Once they've run center, you work the floors with them as they prop.
The numbers don't lie.
I like your plan though, simple and easy to remember.

Sure, they will give you a demo. Just Google futures brokers and you'll sort it out.
Rgds
Quoting skfx
{quote} Merquise, You buy 14's. Repetitious intent. You buy 14's because someone with money kept icing that level propping it up. Not only that, others kept front-running it going to market above that price with nice block hits. In addition no one would touch 13's with any size. Once they've run center, you work the floors with them as they prop. The numbers don't lie. I like your plan though, simple and easy to remember. Sure, they will give you a demo. Just Google futures brokers and you'll sort it out. Rgds
I've wanted to look into futures for some time now. Your posts have provided the push I needed to get started. Thanks and good trading to you.
Quoting GEfx
{quote} I've wanted to look into futures for some time now. Your posts have provided the push I needed to get started. Thanks and good trading to you.

Hook a brother up when you are getting going...I'd be interested in seeing your thoughts and process.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting Phatori Gal
Real Trading Method....? The truth is 1) ANYTHING CAN HAPPEN 2) You don't need to know what is going to happen next in order to make money 3) There is a random distribution between wins and losses for any given set of variables that define an edge 4) An edge is nothing more then an indication of a higher probability of one thing happen over another 5) Every moment in the market is unique https://www.youtube.com/watch?v=urrbhgC8PB0
+2
Love this, nice post PG.

Well said. Nice song as well

https://m.youtube.com/watch?v=j1Q9ppPPHjU
like totally failure brah
Quoting Phatori Gal
Real Trading Method....? The truth is 1) ANYTHING CAN HAPPEN 2) You don't need to know what is going to happen next in order to make money 3) There is a random distribution between wins and losses for any given set of variables that define an edge 4) An edge is nothing more then an indication of a higher probability of one thing happen over another 5) Every moment in the market is unique https://www.youtube.com/watch?v=urrbhgC8PB0
Mark Douglas. Trading in the zone.
Wherever you go, there you are.
Quoting Phatori Gal
Real Trading Method....? The truth is 1) ANYTHING CAN HAPPEN 2) You don't need to know what is going to happen next in order to make money 3) There is a random distribution between wins and losses for any given set of variables that define an edge 4) An edge is nothing more then an indication of a higher probability of one thing happen over another 5) Every moment in the market is unique https://www.youtube.com/watch?v=urrbhgC8PB0
nice post...
tradewith60
Quoting skfx
{quote} NL, I wouldn't touch spot with a 40 foot barge pole. Major disadvantage. Futures. Can you make some money trading it? Sure. Are you making your life harder? Absolutely! Rgds
Futures is at least regulated

I used to do my analysis on futures and trade spot.
like totally failure brah
Quoting Phatori Gal
Real Trading Method....? The truth is 1) ANYTHING CAN HAPPEN 2) You don't need to know what is going to happen next in order to make money 3) There is a random distribution between wins and losses for any given set of variables that define an edge 4) An edge is nothing more then an indication of a higher probability of one thing happen over another 5) Every moment in the market is unique https://www.youtube.com/watch?v=urrbhgC8PB0
All 1) through 5) are absolutely correct, yet:

Sitaroon se aghe jaha(n) aur bhi hai(n)
(There are galaxies beyond stars)
The Thief of Wall Street
We have started this thread with very good intentions. I respect opinions of all posters who generously contribute their views and help others. Everyone has his/her own way of expression. As mentioned in one of my earlier posts, difference of opinions and personality clashes are bound to occur when debating on something. Only one small request is to keep your language within moral limits. A post that gets extracted merely because of language also deprives readers of the views expressed. Nothing personal against anyone. You are all my friends and I respect everyone of you.............. one reason my ignore list is blank and will remain like this. Will appreciate a voluntary effort to effect the above.
The Thief of Wall Street
Quoting Magix
{quote} {quote} {quote} Welcome to Newbsville...again.. Truth, 1. Anything can happen, but does it? Or are there certain principles obeyed by all statistical and graphic movement? 2. You don't need to know what is going to happen in order to make money, if you work at McDonalds. Between you, beavis and butthead, this strategy only lends itself to the fact that if you hold any position long enough, you will find profit...this was once one of my subscribed theories of market, but as it turns out, may not be as true as you think. When you take interest...
A person's beliefs are always revealed by their actions. It is no need to always being the "Right" one. Anger, frustration and intolerance are what I can smell from the above quote. There is some serious resistance going on here, with this upstream approach, I reckon it will take us very long time to see you on the other side of the bridge.

I believe in fully responsible, non judgmental (but with a pre-define risks: reward before each trade), and make ourselves available for the market.

Let us remember the probabilities paradox : although there is a random distribution between wins and losses for any given set of variables that define an edge,, if you can get the odds in your favor (your edge) and there is a large enough sample size, that will therefore have probable outcomes can produce consistent profit. - so yes, i do agree some of your points but I do mercy the conflict you have inside yourself.

p.s Beavis and Butthead is pure boss anyway , thx
Dedication brings Satisfaction and Success.
Quoting simonb
{quote} tsh
Hey Simon I am curious, what mode of analysis do you do? You don't have to go in detail or anything, but I have seen you reject almost every form of analysis that has been presented, and you say that you are doing good in trading. Not trying to pick a fight man, but for someone like myself who always want to know what is going on in the market and where the big fellas are buying in. I find it incredible that someone can make money without caring about anything. What is your secret man?, I would love to trade without caring like you.
Being a trader is lonely, but being a great trader is lonelier still
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