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And now for something completely different

  • #121
  • Feb 16, 2015 12:08pm Feb 16, 2015 12:08pm
Quoting EternalNewB
Results for Day 1 (60 I hope you don't mind me sharing them, if you do please let me know and I will stop) 2 long EURUSD both hit SL -77 pips total 1 long GOLD still in it till now I could have easily gone short on EURUSD and made back some pips (+25 till now) but it was past my trading time as per my "rules" and I didn't want to break my rules on day one. so let's see what tomorrow brings to put myself in the correct mindset I have opened a small account ($100) and will trade this method until I double the $100 or lose them. Cheers
please continue EB.... there's not much more for me to share other than my results also - and 9th of March im going back to Bangkok and will not continue anyway.

Also now we've been dumped in the commercial section its only involvement from people like you that will keep this thread alive....
tradewith60
  • #122
  • Feb 16, 2015 2:34pm Feb 16, 2015 2:34pm
\it does not matter when and where you put the line, it is just a point where we wait for price to move away.... We are not looking for a predictive quality

60MM,

Got it. thank you for your advice,I'm still in this "predictive" mindset - got to unlearn what I've learned about TA. It's a struggle mentally , but I know I'll get it
Just got to keep at it.
  • #123
  • Feb 16, 2015 3:33pm Feb 16, 2015 3:33pm
Quoting 60minuteman
https://www.youtube.com/watch?v=Xmx1qPyo8Ks
I couldn't get the connection to trading, but it sure explains why I'm obsessed with porn
  • #124
  • Feb 16, 2015 4:25pm Feb 16, 2015 4:25pm
Quoting MikeCo
{quote} I couldn't get the connection to trading, but it sure explains why I'm obsessed with porn
no hiding what country you're from mate ...

mirror neurons in trading make us follow the herd, so when we see a thread where the OP seems to be really successful we all pile in and find it very easy to buy into the ideas, we then obsess about exactly what the op is doing, where his stop is, where he exits....
tradewith60
  • #125
  • Feb 16, 2015 4:38pm Feb 16, 2015 4:38pm
Quoting 60minuteman
{quote} no hiding what country you're from mate ... mirror neurons in trading make us follow the herd, so when we see a thread where the OP seems to be really successful we all pile in and find it very easy to buy into the ideas, we then obsess about exactly what the op is doing, where his stop is, where he exits....
Ok, with ya now, it was a connection to forums rather than actual trading. Yes, it does seem the way in FX that everyone wants to copy a blueprint, where a blueprint doesn't (shouldn't?) exist - a bit like trying to get one from Michael Phelps explaining what he does with his arms and legs and expecting to win a swimming medal. I remember a lot of guys getting in the ring with Tyson were beaten before he even started to re-arrange their faces - I suppose a connection to trading - the boxers had seen the past and expected more of the same in the future!
  • #126
  • Feb 16, 2015 5:28pm Feb 16, 2015 5:28pm
Everynight at this time I make a decision if I will trade the Asian session or not, my decision is not based on any technical reasons, purely how I feel...
tradewith60
  • #127
  • Feb 16, 2015 5:43pm Feb 16, 2015 5:43pm
Quoting 60minuteman
{quote} when we see a thread where the OP seems to be really successful we all pile in and find it very easy to buy into the ideas, we then obsess about exactly what the op is doing, where his stop is, where he exits....
Funny how much I can relate to that, I'm trying hard to break free but somehow find myself back to doing this without even noticing
  • #128
  • Feb 16, 2015 5:51pm Feb 16, 2015 5:51pm
Quoting EternalNewB
{quote} Funny how much I can relate to that, I'm trying hard to break free but somehow find myself back to doing this without even noticing
initially question every decision, try it outside trading too... everytime you find yourself make an instinctive decision, talk it through, ask yourself why you have decided what you have, is it really the best decision or is it just the easiest decision? will it bring short term gains or is it a solution to a long term problem... Then apply the same ideas and processes to your trading. Before long you will find nearly all the technical strategies on the forums hold very little interest to you at all and you will become much more focussed on you the trader, how you work and how to make trading work for you...

you're on the right path here, you're already questioning what you have been taking for granted
tradewith60
  • #129
  • Feb 16, 2015 7:49pm Feb 16, 2015 7:49pm
this is important, remember, every day, wake up, check forex factory, TAKE YOUR MEDICATION, some technical analysis washed down with some high probability supply and demand

Inserted Video
tradewith60
  • #130
  • Feb 16, 2015 8:17pm Feb 16, 2015 8:17pm
something Buddhism.
  • #131
  • Feb 16, 2015 10:33pm Feb 16, 2015 10:33pm
Asian session is usually a waste of time, I live in Singapore, I noticed most of my trades were wasted if I entered during Asian session. unless trade daily with huge SL, I'd say to avoid Asian session at all cost. I nowadays start trading in the afternoon when EU/UK opens, it's very common the Asian session range is broken both ways before and after that, as smart money seek liquidity beyond the Asian swing high/lows. UK/US overlap is the best time to trade.
  • #132
  • Feb 17, 2015 5:24am Feb 17, 2015 5:24am
me very best friend has built an EA from these ideas, very nice results too

Attached Image
tradewith60
  • #133
  • Feb 17, 2015 5:34am Feb 17, 2015 5:34am
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tradewith60
  • #134
  • Feb 17, 2015 5:35am Feb 17, 2015 5:35am
Please don't ask me any questions about his data, it is private, just take from it that it is based on these and the first flow thread ideas
tradewith60
  • #135
  • Feb 17, 2015 6:01am Feb 17, 2015 6:01am
Quoting 60minuteman
Please don't ask me any questions about his data, it is private, just take from it that it is based on these and the first flow thread ideas
Very impressive 60MM.....
Does Tradestation show the Sharpe's ratio? Might be just off the bottom of that screen capture - can't remember - been years since I used TS.
Sorry that's a question isn't it? Apologies, ignore that....

Been testing your methodology this week on cable and the Eurodollar, and coming from my scalping mindset, this is a very relaxing and less intense way of taking money from the market. Although I reckon I should use non-correlated mkts I guess really. Maybe gold and Eurodollar?
I also purchased Denise Shull's (audio)book - 'Market Mind Games' - quite refreshing really. I did Van Tharpe's course some years back - I have a day to day battle with my own psyche to make profit from uncertainty. Fear of missing out and fear of being wrong are my key weakness areas, your thread has ignited something in me - to learn to trust my own feelings and intuitions, rather than do something if one squiggly line crosses another....
Keep up the good work here fella, this is really helping us!
  • #136
  • Feb 17, 2015 6:47am Feb 17, 2015 6:47am
Quoting gearys
{quote} Very impressive 60MM..... Does Tradestation show the Sharpe's ratio? Might be just off the bottom of that screen capture - can't remember - been years since I used TS. Sorry that's a question isn't it? Apologies, ignore that.... Been testing your methodology this week on cable and the Eurodollar, and coming from my scalping mindset, this is a very relaxing and less intense way of taking money from the market. Although I reckon I should use non-correlated mkts I guess really. Maybe gold and Eurodollar? I also purchased Denise Shull's (audio)book...
nice post Sir, you're welcome... free thinkers always welcome here! -
tradewith60
  • #137
  • Feb 17, 2015 7:14am Feb 17, 2015 7:14am
lol I was going to put some backtests results this morning but I "heard" you saying "what happened in the past has little to do with the future" so I changed my mind...

Now that you did I can ask, do you think that backtests are a waist of time?
  • #138
  • Feb 17, 2015 7:32am Feb 17, 2015 7:32am
Quoting EternalNewB
lol I was going to put some backtests results this morning but I "heard" you saying "what happened in the past has little to do with the future" so I changed my mind... Now that you did I can ask, do you think that backtests are a waist of time?
it depends what is causing the results - is it some one off events/patterns or is it something cyclical that is always happening. I believe this system will always make profit as long as price moves up and down in a compression, expansion pattern. That always happens wether price is trending or ranging. If the system only made profits say in a trending enviroment, then you would need to consider that when looking at the results of a backtest
tradewith60
  • #139
  • Feb 17, 2015 8:19am Feb 17, 2015 8:19am
good to know because I've spent the weekend coding an EA of your flow system, baptized "Wolf" (just flow in reverse) and now starting to be a bit obsessed with backtests lol



N.B.: I just made the money I lost on gold yesterday back on my live account
  • #140
  • Feb 17, 2015 8:21am Feb 17, 2015 8:21am
Quoting 60minuteman
{quote} it depends what is causing the results - is it some one off events/patterns or is it something cyclical that is always happening. I believe this system will always make profit as long as price moves up and down in a compression, expansion pattern. That always happens wether price is trending or ranging. If the system only made profits say in a trending enviroment, then you would need to consider that when looking at the results of a backtest
So, not really different to trading supply and demand (re: your other post), which ultimately identifies contraction expansion (pull back to contraction continuation patterns). Your line in the sand and entry levels, and my SD levels are simply way markers based on market fact - how it moves. The only difference is, where you are entering on the breakout, I am entering on the pull back.

So, in theory not much difference in logic. And I'd go even further to suggest that if you were also trading the higher time frames, you could find yourself selling on HTFs and buying on LTFs simultaneously. Could we not therefore expand on your method further to suggest trades initiated on the lower time frames might not work out as well if simultaneously going against the direction of HTF trades (i.e trading LTF expansion longs into HTF expansion shorts). Profit objectives or risk objectives for such LTF trades could be managed differently for example. - In my SD world the simple rule is: no trading LTF demand into HTF supply and vice versa.

Aren't we really trading the same logic here? A simple set of rules based on market movement. 'Analysis' can only take you out of the 'flow' if it is far removed from how the market moves.
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