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5 years and still no strategy

  • #261
  • Apr 19, 2017 2:49am Apr 19, 2017 2:49am
After the negativity yesterday which I obviously contributed to and apologise.

This morning GU/GJ/EJ/EU all agreeing. Higher lows, pa moves above ma (just before LO green line), AO confirming up, the white arrows up (refers to previous closed candle and price action not indicator based), agreement between pairs giving a buy a better chance. I'd have been happy with GU/GJ agreeing EJ just a bonus. Does not have to be rocket science.

So enough of my preferred method based around higher lows/lower highs. Again whatever your chosen method research it top make sure it gives you enough successful chances to trade. A couple of indis gives a basis for a factual back test, what they are almost doesn't matter as long as the testing brings you to the right place. I accept in my case AO has limitations and keeps me out of some moves but happy with what it does give.

And not mentioned by me but yesterday the comment was made about wicks and yes I want my set up candle (where rules fall into place) to have little/no wick in the direction of trade. In this case the topside for buys.
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  • #262
  • Apr 19, 2017 4:46am Apr 19, 2017 4:46am
Quoting Mingary
{quote} "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 ?
I am referring to those times we let patience with boldness lead the way, haven't you noticed whenever you wait patiently and bold enough to take a trade when it does appear, it pays off? Yea those are the times amigo.

Unfortunately most can't do this so it destroys them more than cancer.
Read in between the price!!!
  • #263
  • Apr 19, 2017 5:18am Apr 19, 2017 5:18am
Quoting LuizSchiavi
{quote} I also like so much of DAX ! My actuals charts : {image} {image}
Oh boy!..a lot of indicator porn going on there lol can you see anything at all mate, what do you look for before taking an entry? If you wanna share of course
Read in between the price!!!
  • #264
  • Apr 19, 2017 9:22am Apr 19, 2017 9:22am
Hmmm a bunch of professional traders... Where are all the charts loaded with indicators? Weird... I do see several of them have DOM's on their screens though. I wonder if those are important?

Nah I would much rather follow someone on FF. lol
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  • #265
  • Apr 19, 2017 9:36am Apr 19, 2017 9:36am
Quoting lKeithStone
Hmmm a bunch of professional traders... Where are all the charts loaded with indicators? Weird... I do see several of them have DOM's on their screens though. I wonder if those are important? Nah I would much rather follow someone on FF. lol {image}
They do trade in a slightly (well totally) different manner of course as they are making/moving the market to their desired direction and have very deep pockets when things don't go their way immediately and moves 3/4/500 pips against them. Also trades could take months to play out and they will happily sit on them.

Of course this could just be a pic of their trading room where they are filling orders for their corporate clients, they are not trading as the average retail (i.e. us) people understand it. Just order fillers, I want to pay for my imports, press a button and done. No trading at all as we understand it.

Whatever, us mere mortals are trying to grab onto their coat tails and hope we get dragged in their general direction.
  • #266
  • Apr 19, 2017 10:07am Apr 19, 2017 10:07am
The biggest mistake we all make as retail traders is focusing on strategy.
I will let you in on a little secret.
The key to being a successful trader is not about the strategy you employ.
Risk management is the key to long-term trading success.
Your strategy will help you navigate to your destination similar to the steering wheel on your car.
But, without a gas pedal and a brake, the steering wheel is useless.
  • #267
  • Apr 19, 2017 10:08am Apr 19, 2017 10:08am
Quoting lKeithStone
Hmmm a bunch of professional traders... Where are all the charts loaded with indicators? Weird... I do see several of them have DOM's on their screens though. I wonder if those are important? Nah I would much rather follow someone on FF. lol {image}
All i can conclude from this picture is there are way less women there. In fact, i dont see one in a quick glimpse.

Hmm, What does that tell us? I wonder.
  • #268
  • Apr 19, 2017 10:29am Apr 19, 2017 10:29am
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? 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 tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?

Do you believe you have what it takes? Are you compelled to continue? Speaking for myself I did not really see quitting as a possibility.
I live entirely from the growth of my personal trading account
  • #269
  • Apr 19, 2017 10:40am Apr 19, 2017 10:40am
Quoting Vantage
{quote} They do trade in a slightly (well totally) different manner of course as they are making/moving the market to their desired direction and have very deep pockets when things don't go their way immediately and moves 3/4/500 pips against them. Also trades could take months to play out and they will happily sit on them. Of course this could just be a pic of their trading room where they are filling orders for their corporate clients, they are not trading as the average retail (i.e. us) people understand it. Just order fillers, I want to pay...
These guys are not looking at DOM's to get into swing trades. They are pushing size and scalping ticks or spreading. I'm 99% sure they are not trading Spot Forex since there is no depth of market.

Here is another trading floor. You can google image search this one to find the source, but they are not filling orders and they are not trading spot Forex. Notice what is predominantly covering the screens.

Come on fellas. Seeing where size is entering the market... or spoofing/absorption is happening is important. Buying or selling because of S/R or an oscillator is overbought/oversold or a moving average cross isn't going to cut it.
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  • #270
  • Apr 19, 2017 10:47am Apr 19, 2017 10:47am
Quoting lKeithStone
{quote} These guys are not looking at DOM's to get into swing trades. They are pushing size and scalping ticks or spreading. I'm 99% sure they are not trading Spot Forex since there is no depth of market. Here is another trading floor. You can google image search this one to find the source, but they are not filling orders and they are not trading spot Forex. Notice what is predominantly covering the screens. Come on fellas. Seeing where size is entering the market... or spoofing/absorption is happening is important. Buying or selling because of...
No offence but these pics seldom mean anything to me lol, I learn nothing from them unless you give me an invitation into such rooms what you're preaching has little or no effect.

Today's result, it says ea but it is a trade manager and executor

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.

Read in between the price!!!
  • #271
  • Apr 19, 2017 10:57am Apr 19, 2017 10:57am
Quoting calebfx
{quote} No offence but these pics seldom mean anything to me lol, I learn nothing from them unless you give me an invitation into such rooms what you're preaching has little or no effect. Today's result, it says ea but it is a trade manager and executor {image}.
Here ya go, learn away. This guy does a great job breaking it down and explaining why it's important.

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  • #272
  • Apr 19, 2017 11:21am Apr 19, 2017 11:21am
Look, who i found in that pic. So, They have the best trainer in the whole galaxy...

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"Much Depth it Contains............The DOM"
  • #273
  • Apr 19, 2017 11:51am Apr 19, 2017 11:51am
so far, one TP today - pullback to the 3 bar zone, entry and TP hit my SL size should be smaller in this case, but still I'm a little bit afraid of spikes and stupid losses...

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Trade or not to trade - that is the question...
  • #274
  • Apr 19, 2017 12:37pm Apr 19, 2017 12:37pm
Quoting aaven
Look, who i found in that pic. So, They have the best trainer in the whole galaxy... {image} "Much Depth it Contains............The DOM"
It's great to have good trainer, but cannot control individual psychology. Two traders can enter same trade/setup, same lot, same broker, but will end up differently in profit/loss
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -63.9%
  • #275
  • Apr 19, 2017 12:38pm Apr 19, 2017 12:38pm
Quoting aaven
Look, who i found in that pic. So, They have the best trainer in the whole galaxy... {image} "Much Depth it Contains............The DOM"
LOL
Risk comes from not knowing what you're doing.
  • #276
  • Apr 19, 2017 1:13pm Apr 19, 2017 1:13pm
Quoting lKeithStone
{quote} Here ya go, learn away. This guy does a great job breaking it down and explaining why it's important. https://www.youtube.com/watch?v=iWwxMokC0F8
so do you use that in your trading now ?
  • #277
  • Apr 19, 2017 1:56pm Apr 19, 2017 1:56pm
Quoting cuchuflito
. I trade since 15 years, became profitable (consistently) last year
hmm you ve been saying that same thing since 2012
  • #278
  • Apr 19, 2017 4:42pm Apr 19, 2017 4:42pm
Quoting Mingary
Why do people keep on believing that retail forex profits are possible ? Should they not know better by now ? I wonder what's in the mind of someone who believes in such strange ideas without a single piece of "workable evidence".
//-----

hey mingary...... because we must believe in something or else we become nothing.....

//------

what is your definition of "workable evidence" ...... years..... number of trades...... win/loss ratio...... total profit..... ?????....

if you have the time....... thanks......h
to trade and code, keep both simple... no call to impress....h
  • #279
  • Apr 19, 2017 5:12pm Apr 19, 2017 5:12pm
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time?
//------

hey freakout...... dang...... you figured all those things out in just 5 years....... your way ahead of me......

you requested a screenshot..... below is my latest..... took several months of work before the first trade was placed..... it's unfinished and likely has several more months of code and research needed before it will be coded fully.......

it's been running since 3/23/17....... 2500$ live oanda v20 standard account..... 0.01 sized trades..... it's possible for multiple signals to combine lots...... so a 0.02 order is simply 2 separate signals combined...... it's averaging somewhere between 5 to 10 trades a day......

extremely complex system is not my design....... bill williams chaos.......

and by the way...... the answer to your question is yes...... it's very normal........h

//------
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to trade and code, keep both simple... no call to impress....h
  • #280
  • Apr 19, 2017 5:45pm Apr 19, 2017 5:45pm
Quoting FairTrader
{quote} https://youtu.be/PPuYheUX3No
I tend to believe this guy more than your

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