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  • #161
  • Apr 7, 2015 7:18am Apr 7, 2015 7:18am
This is ALL the relevant information in order to trade.

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Any other information is a "maybe".
My signature is: "Classified".
  • #162
  • Apr 7, 2015 7:37am Apr 7, 2015 7:37am
I still havent given up on H4 yet. Which means im trying to improve a strategy of pretty much 100% success.
My signature is: "Classified".
  • #163
  • Apr 7, 2015 11:39am Apr 7, 2015 11:39am
Quoting yaed
Ok my friends, let me answer my kind of way. This adresses a few posts. These are relevant. I stick to technical analysis ok people? Here it goes. REAL nice and clean! No bullshit! Power to the people! {image}
this one is a good idea. not sure if this works in lower time frame. 15min-1hr, have you tested on those time frames ?
  • #164
  • Apr 7, 2015 12:39pm Apr 7, 2015 12:39pm
Hi.

The real problem is you pretend to be a trader (someone who basically buys and sells) but in the same time you have no idea about what's your equilibrium price on your time frame.

So as far I'm concerned, price isn't enough to make money.
  • #165
  • Apr 7, 2015 6:29pm Apr 7, 2015 6:29pm
Quoting yaed
Ok my friends, let me answer my kind of way. This adresses a few posts. These are relevant. I stick to technical analysis ok people? Here it goes. REAL nice and clean! No bullshit! Power to the people! {image}
Hi Yaed,

Understood and very clear explanation. Once again thanks for everything.

Bomi
  • #166
  • Apr 7, 2015 7:30pm Apr 7, 2015 7:30pm
Everyone can talk when one in demo account with starting balance $10,000. That's just my opinion.
  • #167
  • Apr 7, 2015 7:47pm Apr 7, 2015 7:47pm
Hello everyone. I simply wanted to add one thing to this thread. If you are going to use the lower tf, and you want to look to "get rich quickly" (Over leveraging), then why not focus on having accurate entries and working backwards. Basically the market moves from daily pivot to daily pivot. Being that daily pivots are recalculated daily and reverses occur from those specific prices, why not look at the price which occurs leading to a pivot being hit. If we work backwards, you will clearly see the loop the market trades in.
Everything in life has a "counter". Especially in forex.
  • #168
  • Apr 7, 2015 7:57pm Apr 7, 2015 7:57pm
I prefer to trade the currencies on the futures contract. Its the same movement, but you get a lot more information to view. I like to see what the level 2 data is telling us. You cant see that on the Spot Forex. If you want to be really successful, as some have said, take small stops and have targets that are 2 to 1 or 3 to 1 what you risk. The problem is, if you are undisciplined, as most of us are, this is hard for us to hang on to trades for fear of it stopping us out. Its part of the game. If we can get the mental down, we can win, if not then.... we are part of the 95% that is not profitable. Happy trading to you guys
  • #169
  • Apr 8, 2015 1:53am Apr 8, 2015 1:53am
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My signature is: "Classified".
  • #170
  • Apr 8, 2015 3:38am Apr 8, 2015 3:38am
Quoting PaulJames
Hello everyone. I simply wanted to add one thing to this thread. If you are going to use the lower tf, and you want to look to "get rich quickly" (Over leveraging), then why not focus on having accurate entries and working backwards. Basically the market moves from daily pivot to daily pivot. Being that daily pivots are recalculated daily and reverses occur from those specific prices, why not look at the price which occurs leading to a pivot being hit. If we work backwards, you will clearly see the loop the market trades in.
Thats pretty smart.
My signature is: "Classified".
  • #171
  • Apr 8, 2015 7:22am Apr 8, 2015 7:22am
I like your outlook Yaed. I like your trading too but your responses have been pretty responsible.
Oh yeah, and btw good trade

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  • #172
  • Apr 8, 2015 7:38am Apr 8, 2015 7:38am
Quoting Good Lookin
I like your outlook Yaed. I like your trading too but your responses have been pretty responsible. Oh yeah, and btw good trade {image}
Can you explain me why buy above 0.73496 line and sell below 0.72829 line ?? Is it support and ressistances ?
  • #173
  • Edited 8:16am Apr 8, 2015 8:15am | Edited 8:16am
Quoting Mariodrugs
{quote} Can you explain me why buy above 0.73496 line and sell below 0.72829 line ?? Is it support and ressistances ?
From what it looks like its just the most obvious last high and low. There's a little bit of discretion involved.

Here's my take on it. Please understand that i'm not Yaed and i don't see exactly what he sees so my comments don't represent his ideas fully.

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1 & 2. Price goes from 1 to 2. While price is at 2 its easy to see that the next break low could occur at 1. When price returns back to 1 after having been at 2 it's easy to see that the next break high could be at 2.

Eventually price breaks low and goes to 3.

3, 4, & 5. After price breaks out from 1 and heads to 3 it's easy to see that the last high is at 2. 3 is not so obvious yet. Once we get close to 4 then it's very easy to see that 3 is the last lowest low and a possible breakout may occur. Price channels for a bit and you can see the low being created in the overnight session. Low volume times normally channel out like this.

4 & 5. Once the low at 5 is created its easy to see that 4 is the latest highest high and it's possible that there may be a breakout. If you took the trade at 4 then more than likely you got stopped out. But now if you took the trade at 5 then you would have had a profit.

This is where discretion comes into play, one could have not accepted 4 as a valid entry due to the time of entry of the fact that price recently has been in a down trend. You could also disregard 5 because of the time of day it was created. But any discretion created would have to be based on much study and testing.

Just my 2 cents.
  • #174
  • Apr 8, 2015 8:26am Apr 8, 2015 8:26am
Quoting shiva
{quote} Hi Bomi, I know your question was directed at Yaed, and I couldn't resist the temptation to butt-in. The last high in my opinion is the BIG engulfing green candle 11 candles away. I guess its from the FOMC day.
Hi Shiva,
Thanks for your help.
Bomi
  • #175
  • Apr 8, 2015 8:56am Apr 8, 2015 8:56am
Quoting yaed
{quote} Thats pretty smart.

nice thread. Thanks guys. Dould you Kindly post that daily pivot indicator to use for the backstudy. TYIA
  • #176
  • Apr 8, 2015 9:04am Apr 8, 2015 9:04am
A demo trader preaching people how to get rich.

Show us your live account and its equity curve or it won't happen!
Life only tastes good when you eat what you kill.
  • #177
  • Apr 8, 2015 2:41pm Apr 8, 2015 2:41pm
Quoting cherader
A demo trader preaching people how to get rich. Show us your live account and its equity curve or it won't happen!
Even if Yaed runs his account into the ground that doesn't mean breakout trading doesn't work. I remember seeing 2 threads specifically where the person(s) involved successfully demo'd trades many real time trades and made money consistently, they eventually went to skype and continued on from there. Also i've read in plenty of literature and seen from a couple of different studies that breakouts tend to be one of the more successful strats. Furthermore, when you consider the possibility of stop cascades and price gaps, then you have a little more "proof" of it's viability.

Based solely on the explorer Yaed has, i'd say he just needs to work out his exits. The only difference between demo and live on a 10k account is spread, discipline, and slippage.

Why don't most people read threads for the ideas and then test it out for themselves? Even if he showed a live account with a 100% win rate you still have to test the strat, train your brain to recognize it, and set the discipline to get it done correctly. Even if he showed an account with 50% win rate at 1:1, nothing wrong with testing. Bugs me every time i see people demanding to see proof of a concept. Maybe their's something that i'm missing here.
  • #178
  • Apr 8, 2015 2:54pm Apr 8, 2015 2:54pm
I see the potential in this in higher timeframes. Trailing stop losses and frequent trades based on the simple signals that you describe should work with proper money management. I just can't seem to understand how to maximize profits without having too high drawdowns.
less than
  • #179
  • Apr 8, 2015 3:13pm Apr 8, 2015 3:13pm
Quoting Good Lookin
{quote} Even if Yaed runs his account into the ground that doesn't mean breakout trading doesn't work. I remember seeing 2 threads specifically where the person(s) involved successfully demo'd trades many real time trades and made money consistently, they eventually went to skype and continued on from there. Also i've read in plenty of literature and seen from a couple of different studies that breakouts tend to be one of the more successful strats. Furthermore, when you consider the possibility of stop cascades and price gaps, then you have a little...
I'm not questioning the strategy. There are lots of strategies out there, up to you to choose which one that suits you best.
My only requirement when someone, somebody, or anybody who wants to preach a strategy, he or she must be a successful trader first.

There are already many con artists out there who wrote books, many bought into them only to found out that these same authors don't actually trade. They just compile everything and draw the charts on hindsight . Like anybody can trace a Fibonacci retracement and show how perfectly it works out but he never bet his own real money on it.

That's all I'm asking.
Life only tastes good when you eat what you kill.
  • #180
  • Apr 8, 2015 4:16pm Apr 8, 2015 4:16pm
Quoting cherader
{quote} I'm not questioning the strategy. There are lots of strategies out there, up to you to choose which one that suits you best. My only requirement when someone, somebody, or anybody who wants to preach a strategy, he or she must be a successful trader first. There are already many con artists out there who wrote books, many bought into them only to found out that these same authors don't actually trade. They just compile everything and draw the charts on hindsight . Like anybody can trace a Fibonacci retracement and show how perfectly it works...
I see what your saying here. I agree when it comes to the hindsight analysis. Especially when it comes to fibs, oscillators, and moving averages, but don't knock this guy yet. He has been posting some entries before they happen and they have been going to profit.
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