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The Buy Low and Sell High System, the best way to make money

  • #241
  • Dec 5, 2014 9:49am Dec 5, 2014 9:49am
Have a nice holiday and rest well!
  • #242
  • Dec 5, 2014 1:51pm Dec 5, 2014 1:51pm
Quoting Robie
{image}
wow that was nice trade...100 quick pips...i'm very excited from this method..and the best thing is that i'm using only clean chart
  • #243
  • Dec 6, 2014 6:05am Dec 6, 2014 6:05am
Quoting tunera
My eurusd trade has ended in loss, nothing big, but really a surprise (yeah i know, the trend). I'm a little bit pissed off right now from to the eurusd action of this week, so go for a holiday, the thread is all yours for a few weeks. Always feel free to post anything, be careful because december is always a crazy month, and take care!

Tunera,

I feel your pain, but I a going to stay in one more week & after that I am
out until January 1, 2015. I hope you have a peaceful & restful holiday. Please
rejoin your thread after the holiday & keep sharing your trading wisdom.
_________________________________
  • #244
  • Dec 6, 2014 7:35am Dec 6, 2014 7:35am
Quoting acetrader
{quote} Tunera, I feel your pain, but I a going to stay in one more week & after that I am out until January 1, 2015. I hope you have a peaceful & restful holiday. Please rejoin your thread after the holiday & keep sharing your trading wisdom. _________________________________
Thank you acetrader, before i go off for a while i really want to write this IMPORTANT post, please everybody read carefully.

There is something i have to confess, first of all, regarding this thread, and this system.

It all started with the best intentions, to tell everybody that in order to make money you have to BUY LOW and SELL HIGH.
Then, knowing that the average ff trader is always and only looking for a system, a level of sarcasm went in, and i decided to make a system out of it.

The sarcasm take power, and i started defining the various rules of the system, the fake breakout, the signals.
I did it with the best intentions, trying to really create something that make sense.

The truth is, the forex market is an efficient market, this means that there cannot exist a system with positive expectancy.
To put it more understandable, take every breakout, 50% of them are fake breakouts, 50% of them are "real" breakouts, whenever you trade them as fake or real ones, you are always playing a roulette.
The same goes for every signal, every system, 50% of the time it's going to work out, the other 50% of the time is going to not work out.

The very idea of buy low and sell high is still theoretically good and profitable, but there is no system that you can use to trade such idea with a positive expectancy, the opposite in fact happen, following a static system itself will preclude you to be profitable in the long run.

I'm not saying that this system is not good, probably it is way better than most of other systems that you can ever come across, but in order to really make consistent profits you have to go take a further step, the system is only a sign pointing in the buylow/sellhigh direction, but you then need to get rid of it and walk on your way without stupid rules or signals and various beliefs and boundaries.

All i could do was point you in the buylow/sellhigh direction, but i cannot write anymore about rules or signals or patterns because all this system writings is very dangerous and i have to put a stop on it.

So, buy low, sell high, use your brain, try to understand what's going on in the market, be smart!
  • #245
  • Dec 6, 2014 5:07pm Dec 6, 2014 5:07pm
Quoting tunera
My eurusd trade has ended in loss, nothing big, but really a surprise (yeah i know, the trend).
tunera, i'm surprised you took a loss on this trade.

Nobody can fight the CB's and macro flows. So, better in the EUR to be a seller off the highs. That way you can run them longer and you can put some weight into it.
You want to be netting short.

Quote
The truth is, the forex market is an efficient market, this means that there cannot exist a system with positive expectancy.
To put it more understandable, take every breakout, 50% of them are fake breakouts, 50% of them are "real" breakouts, whenever you trade them as fake or real ones, you are always playing a roulette.
The same goes for every signal, every system, 50% of the time it's going to work out, the other 50% of the time is going to not work out.
The truth is tunera, most don't know what the hell they are doing. They are indeed playing Russian roulette.

Quote
use your brain, try to understand what's going on in the market, be smart!
Couldn't have said it better myself.
What is easy will not pay you.

You were nearly there. You are just missing some pieces of the puzzle and without those, you are playing patterns and you are playing blind.
Playing blind never ends well.
All the best tunera.
Rgds
  • #246
  • Dec 7, 2014 6:06pm Dec 7, 2014 6:06pm
USD/JPY M30. Planning to move stop to BE once it gain 10 pips. Want to be safe as I'm countering super up trend.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #247
  • Dec 7, 2014 7:40pm Dec 7, 2014 7:40pm
Quoting Direwolf
USD/JPY M30. Planning to move stop to BE once it gain 10 pips. Want to be safe as I'm countering super up trend. {image}
very nice entry and trade dire. Keep us updated.
  • #248
  • Dec 8, 2014 3:48am Dec 8, 2014 3:48am
Tunera,

Post #245 is spot on. Thank you for sharing that. Enjoy your time away
& return when your ready.

_______________________________
  • #249
  • Dec 8, 2014 4:11am Dec 8, 2014 4:11am
Out at BE soon after entry. Price eventually fell lower.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #250
  • Dec 8, 2014 4:38am Dec 8, 2014 4:38am
To tunera - I am enjoying this thread, even if eu/usd is not playing ball. Have come unstuck so many times buying tops and selling bottoms, loathe to do it again.
To skfx - can you please point me in right direction to get some info on CBs and macro flows? I googled macro and came up with a ton of confusing info. Something simple? Thanks
  • #251
  • Dec 8, 2014 5:10am Dec 8, 2014 5:10am
Hello @ all,

this looks good, short opportuntiy setting up within rectangle

G/U M15:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 22 KB


Regards

Chriss
  • #252
  • Dec 9, 2014 8:26am Dec 9, 2014 8:26am
Quoting chrissfx
Hello @ all, this looks good, short opportuntiy setting up within rectangle G/U M15: {image} Regards Chriss
i think this is not what about is this thread and what about tunera talking
  • #253
  • Dec 9, 2014 8:30am Dec 9, 2014 8:30am
i'm waiting on some opportunities...usdjpy, usdcad are near the low on h1 chart and audusd is near high...nzdusd is already in selling zone, i'm only waiting for breakout
  • #254
  • Dec 10, 2014 2:41am Dec 10, 2014 2:41am
Until now we focused on the buylow sellhigh aspect of entries.
However, it is equally important to keep an eye on the overall market momentum, is it going up, is it going down?

Can you spot the market direction of EU this week?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 31 KB
  • #255
  • Dec 10, 2014 9:53am Dec 10, 2014 9:53am
i see we are still in downtrend...but this week we are going only up, so where are going with your question?

i'm awaiting selling in this area
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 22 KB
  • #256
  • Dec 10, 2014 10:51am Dec 10, 2014 10:51am
Quoting Robie
i see we are still in downtrend...but this week we are going only up, so where are going with your question? i'm awaiting selling in this area {image}
That is a nice one, as a matter of fact i've nothing against the current downtrend, so.. take it easy!
  • #257
  • Dec 10, 2014 7:09pm Dec 10, 2014 7:09pm
USD/CAD H4. First possible target 40-50 pips, second possible target 110 pips. Since this is early Asian session I guess first target would be safer.
Attached Image


Just noticed NZD/USD H4. Not only it closed above horizontal line, it formed a pin as well. Oh how I missed such simple entry.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #258
  • Dec 11, 2014 2:04am Dec 11, 2014 2:04am
USD/CAD Closed at +16 I think it's having problem breaking below that bear trap. My bias for this pair is long, too.
Attached Image
Everything you can imagine, is real - Pablo Picasso
  • #259
  • Dec 11, 2014 3:37am Dec 11, 2014 3:37am
Thanks, indeed wonderful setups!

I am looking at eurusd once again, it is very interesting situation.

On one side we have the longterm downtrend, on the other side the short-term uptrend.

In asian session we have hitten the previous relevant downtrend highs (good place to look for a sell!), however the current short-term up-momentum looks still intact and kicking (asses).

The question then is, will be the downtrend sellers be strong enough to push back the eurusd down from here, or the current short-term bullish momentum will continue bringing price up, perhaps to the next relevant highs @1.2531?

I guess we'll find out..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 34 KB
  • #260
  • Dec 11, 2014 3:48am Dec 11, 2014 3:48am
Quoting heldav
To tunera - I am enjoying this thread, even if eu/usd is not playing ball. Have come unstuck so many times buying tops and selling bottoms, loathe to do it again. To skfx - can you please point me in right direction to get some info on CBs and macro flows? I googled macro and came up with a ton of confusing info. Something simple? Thanks
Heldav

Not too surprised you couldn't find too much.
You have to work this out from reading flows and economic material daily. With experience you'll know how to action those flows and economic data.
I use Reuters(live feed), FT(subscription), Bloomberg(app gratis) to work it all out.

Macro and sentiment reading are really the most important aspect to trading. A chart and DOM are just tools for risk.
Once you get a handle on macro and sentiment, you'll become quite proficient and your struggle with making money will soon dissipate.
You may need help to put it all together.
Rgds
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