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5 years and still no strategy

  • #241
  • Apr 18, 2017 10:25am Apr 18, 2017 10:25am
Quoting lKeithStone
{quote} Yes. It's difficult for me to give you advice on larger time frames since I'm only looking for 3-5 ticks, unless bids/offers are getting crushed. You could use order flow to refine your entries and reduce risk.
Thanks Keith.
  • #242
  • Apr 18, 2017 10:28am Apr 18, 2017 10:28am
Quoting HowMany7z
{quote} Thank you very much for sharing your insight with me. I personally recall that move of 2014, in which the President of the ECB stated "The price of EU was too high" and that started the drop from 1.3999 to the low which we have been trading the last 6+ months. I can't comment on how "trend traders" think, because I myself am not one. Yet, I believe that the market will move "away" from the masses. Although EU did move down for that entire year, right after that speech by Mario, the reality is it was a very drawn out process, much like the...
Thanks Howmany7z. Since true Forex volume is reflected in Futures, do you trade futures?
  • #243
  • Apr 18, 2017 10:29am Apr 18, 2017 10:29am
Quoting marcnathan88
{quote} Your welcome. {quote} Have you tried visiting the link to those trading systems? Check them out and learn. I'm currently demo trading those systems and their working pretty well but it should not stop there. I will continue demo trading to see how I will do in the long run. These strategies/system have been here since last year so I couldn't say if it's at the point of deteriorating. Heck I don't even understand the argument about trading systems losing their edge when they're made public. Why and how exactly does a strategy deteriorates...
Thanks Marc Nathan for taking the time in sharing your insight...
  • #244
  • Apr 18, 2017 10:37am Apr 18, 2017 10:37am
Quoting Teek
{quote} Example: you have a total capital, we assume there are no trades running at the moment so your Equity = your Capital: Your capital is: 100% You are willing to put 5% of your capital at Risk (you expose 5% of your money to the markets) Take 5% of your total capital. Start building trades. Let's say, on your entry trades you start small, 0.5% per trade entry... when they pull your way you add positions to these trades (scaling up), adding more risk to them, but never exceeding your set 5% total market exposure, scaling down (closing positions)...
Thanks Mr. Teek for well laid out example...
  • #245
  • Apr 18, 2017 11:04am Apr 18, 2017 11:04am
This thread is just sad. Not only does few red flag members cussing at each other but it clearly displays the overall failure rate for most members here in FF. Yes i admit i am also not a profiting trader yet but seriously, i believe that those who made good money really have no time for these bullshits.

This thread should be closed as it spawns nothing but negativity. It's a hard enough day today. I bet most are losing money today because of the strong and unpredictable moves. Why dwell on these negativity more?

Brush up the losses, move away from this nonsense and trade another day. At least that's what i am trying to do.
  • #246
  • Apr 18, 2017 11:24am Apr 18, 2017 11:24am
This threasd sums up the frustration that most traders have. Almost everyone loses in Forex. Sometimes I wish I'd never been introduced to it. I could have spent a lot more time enjoying myself!
  • #247
  • Apr 18, 2017 11:42am Apr 18, 2017 11:42am
Quoting smikester
It is a circus, isn't it? I replied this morning and deleted my reply because it was too harsh. Here is what the thread starter is requesting: " I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all." I can't think of a kind, empathetic reply to that request.
I finally give in. Im going to provide the OP with a practical, simple and elegant solution which will put him on the right path.
Patience, Observation, Common sense, Consistency, Discipline, with a 'next...next...moving on..next...next' mindset the OP will have to do alone.
Ok here goes,::

- GMT 8.00 - 16.00 -> nice and sunny depending on 'conditions'. If they are not there then dont trade and/or move elsewhere.
- 50% accuracy -> depends on activity during said 'conditions', activity plays a huge role here, the 'more the merrier'.
- 3-5 trades/session -> easy peasy, providing previous 2 points.
- RR 1:2 -> Absolutely doable, although may need to 'adjust on the fly' depending on 'unfolding conditions'. But overal doable.

Heres the layout.:

1) Find a beach that is packed -> ideal is turist zones.
2) Identify which of tourists fit the profile.
3) Approach tourists on beach offering them with a mouthwatering refreshing slushpuppy and/or ice cold milkshake.
4) Sell to them at 2:1 markups.
5) Rinse and repeat until 4/5 trades succesfully completed.

The key is to filtering -> approach the thirsty, sweaty, burnt and uncomfortable looking tourists (sun exposure).
Either way, a trade will be made -> they say yes, or they say no.

Jokes aside, OP, CP's post hit the nail on the head, firmly i may add.
  • #248
  • Apr 18, 2017 11:42am Apr 18, 2017 11:42am
Quoting CrocodileRex
This thread is just sad. Not only does few red flag members cussing at each other but it clearly displays the overall failure rate for most members here in FF. Yes i admit i am also not a profiting trader yet but seriously, i believe that those who made good money really have no time for these bullshits. This thread should be closed as it spawns nothing but negativity. It's a hard enough day today. I bet most are losing money today because of the strong and unpredictable moves. Why dwell on these negativity more? Brush up the losses, move away from...
I became more profitable when I decided to trade just one pair the GER30 also known as DAX, I posted a MM technique you might wanna check out. You really only need the DAX to become profitable. It is very liquid.

Attached Image (click to enlarge)
Click to Enlarge Name: GER30M4forFF.png Size: 53 KB
Read in between the price!!!
  • #249
  • Apr 18, 2017 12:10pm Apr 18, 2017 12:10pm
Classic advise: Iseghem trendfollowing IND and Iseghem An oscar. Oude thema in als way so trui predictive indicatorsthat last one is The hairy part But can be done. Itmight taken you antigeen gewoon years to het it
  • #250
  • Apr 18, 2017 1:59pm Apr 18, 2017 1:59pm
Did any of you guys with those "red things" next to your names, make money on that GJ, GU and EU spike up today? I ask because you guys seem to be very gifted in forex because you have such intellectual answers for everything.
  • #251
  • Apr 18, 2017 2:09pm Apr 18, 2017 2:09pm
Quoting HowMany7z
Did any of you guys with those "red things" next to your names, make money on that GJ, GU and EU spike up today? I ask because you guys seem to be very gifted in forex because you have such intellectual answers for everything.
No red tjongeto mythe nose But. Gold is in als vertellen long Bull market so no surprise. Ik see gold going to 2265
  • #252
  • Apr 18, 2017 2:53pm Apr 18, 2017 2:53pm
Quoting UJgod
I think you are on the right track but still over complicating things... in complexity, find simplicity! Number one, look at the wicks, THE WICKS DO NOT LIE, there's always a story within... also draw your zones as it will guide you. Every morning I wake up 2 hours before NY, top down analysis from highest time frame to lowest looking for filling wicks, breakouts, reversals at zones. i aim for 10 pips (standard) with 1:1 risk reward, usually 5% of my account.. I smash the trade, then go enjoy my day because I DO NOT need to sit behind the charts...
Hi UJgod! I like your metod.Can you post some of your trades and rules.Thanks
  • #253
  • Apr 18, 2017 3:31pm Apr 18, 2017 3:31pm
Quoting HowMany7z
Did any of you guys with those "red things" next to your names, make money on that GJ, GU and EU spike up today? I ask because you guys seem to be very gifted in forex because you have such intellectual answers for everything.
Do I detect a hint of sarcasm? Yes. I used to lose money on this kind of move but now, if I switch to a 1 minute chart, I throw in a few pending orders for very small lots and get ready to close them for next to no loss if they fail. You will see it was possible today if you look at the 1 minute chart because of strong and consistent moves. I ended putting a 40 pips trailing stop loss on everything, fully expecting a full retrace. Anyway, as you can see, my trades closed in profit automatically at 1.2860 from about 1.2660+. The key is we broke the day high on a very impulsive move. I suppose this will make more people miserable, for whatever reason.

On a more mellow note, if you were to read my thread "What should you be doing?" I shared a few ideas. I am not a teacher, nor are most of the red flag traders. Some get the red flag because they post lots but still have no idea. Go easy on us or we will all go away.
Gone to a better place
  • #254
  • Edited 4:22pm Apr 18, 2017 3:53pm | Edited 4:22pm
Quoting freakout
So... I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all...
Freakout, I don't know if you or anybody else may have noticed this ... while what you were looking for seem reasonable and possible, I would say it is highly unlikely to achieve on a consistent day-in and day-out basis. I am not talking about any particular trading method, but just looking at the potential result based on the accuracy rate and win/loss ratio you specified. Without using more sophisticated approaches like random number generator and Monte Carlo simulation, I did a quick Excel spreadsheet to calculate what the return on account would look like, just to illustrate a point. It shows in 22 trading days (about 1 month), taking 4 trades a day, an account with $10 starting balance, risking $1 per trade (so the strategy can lose 9 trades in a row at the beginning and still continue, or one can use a smaller initial capital to increase the return on capital), could grow to $54 (without compounding). Five times an account in one month. If that kind of system result doesn't qualify as a holy grail, I wonder what will.

What can we infer from this? Maybe your goal is set too high? Maybe if you set the trade requirements less stringent so they are easier to achieve, you won't be so frustrated when accomplished? When consistency is achieved, then use compounding to scale up $ profits. Just a suggestion.

Attached is an excel spreadsheet. Feel free to make changes.

Regards and good trading.
Attached File(s)
File Type: xls FF.Freakout.Post1Response.170418.xls   40 KB | 426 downloads
  • #255
  • Apr 18, 2017 5:38pm Apr 18, 2017 5:38pm
Quoting CrucialPoint
This is how you die (in trading) Watch each video carefully as I point out a few things: ...........
Hi CP,
Reading this post and I remember your old post about this :
Quoting CrucialPoint
{quote} I use everything I can get my grubby hands on, to increase my edge... I also get rid of the inefficiencies and all of the crap. Kinda like a UFC fighter, they know about Kung Fu and all other martial arts, but you won't see them doing any crouching tiger hidden dragon moves inside the octagon It just doesn't work in the real world. And real trading... well, there are a lot of crouching tiger hidden dragon trading approach, which doesn't work in the real world of trading. Fundies... I read them here and there. I believe their release...
I conclude that your statement is always consistent and never contradict each other.
I always try to chew this information everyday, to look for how the master really train and work.

Thanks CP!!
  • #256
  • Apr 18, 2017 5:55pm Apr 18, 2017 5:55pm
Quoting calebfx
{quote} Please just so others can be a fair judge, what are you trying to teach Sir? I am not here to be spoon-fed, I don't know it all but I will stand against people like you who "know it all" but choose to beat around the bush. What does it take to be a high impact member these days, trolling? You might wanna borrow a leaf from Dee50. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 830d83efc33826f5f77650acb260ea4d.jpg Size: 29 KB

It is members like you that are the reason real traders don't share !
IMPROVISE ADAPT OVERCOME
  • #257
  • Apr 18, 2017 8:23pm Apr 18, 2017 8:23pm
Give it another 5 years freakout (just my 2 cents).
  • #258
  • Apr 18, 2017 8:30pm Apr 18, 2017 8:30pm
Quoting calebfx
{quote} I became more profitable when I decided to trade just one pair the GER30 also known as DAX, I posted a MM technique you might wanna check out. You really only need the DAX to become profitable. It is very liquid. {image}


I also like so much of DAX !

My actuals charts :
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 191 KB
Click to Enlarge Name: Screenshot2.png Size: 175 KB
  • #259
  • Edited 12:58am Apr 19, 2017 12:27am | Edited 12:58am
Quoting calebfx
{quote} Loool I would think being a high impact member would refine your response a little bit but alas. If you are not profitable in retail forex that's fine and okay but don't bring your dark cloud along with you
"Forex game is the most lucrative yet it can destroy as well"

The forex game certainly destroys a lot more than it is lucrative (;

Are you referring to the very rare occasions when any trading system / methodology temporarily appears to be lucrative ?
  • #260
  • Apr 19, 2017 1:51am Apr 19, 2017 1:51am
Quoting aaven
{quote} Thanks Marc Nathan for taking the time in sharing your insight...
Thank you as well for your insights.

Quoting CrocodileRex
This thread is just sad. Not only does few red flag members cussing at each other but it clearly displays the overall failure rate for most members here in FF. Yes i admit i am also not a profiting trader yet but seriously, i believe that those who made good money really have no time for these bullshits. This thread should be closed as it spawns nothing but negativity. It's a hard enough day today. I bet most are losing money today because of the strong and unpredictable moves. Why dwell on these negativity more? Brush up the losses, move away from...
I think so too. All they do is just trade quitely and make money because these BS aren't going to make them money at all. I admire the positivity and belief that profitability is just there and can be achieved. I might just do the same as you.
Patience and Discipline, these are the Holy Grail.
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