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5 years and still no strategy

  • #281
  • Apr 19, 2017 5:57pm Apr 19, 2017 5:57pm
Quoting hayseed
{quote} //------ 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...
Damn son, if only I can get an ea with no losses lol. Let's get each other excited, would be in touch
Read in between the price!!!
  • #282
  • Edited 6:32pm Apr 19, 2017 6:21pm | Edited 6:32pm
Quoting freakout
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... {image}
Am I the only one seeing this? That's not even a pullback amigo and wtf is a 3 bar zone strat, 3 bar reversal zone strat might even work better, all I see is losses if this is how your chart actually looks like. When some delusional people say "trade naked that is what institutional traders and big banks do" what they fail to tell you is institutional traders and big banks have the ability to trade naked because of the cash power and even they too use MAs
Here, it seems no one is willing to give you a strat that actually works so I will.

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If you can figure out the logic (I doubt you will) kudos, if you can't PM me.
Read in between the price!!!
  • #283
  • Apr 19, 2017 6:27pm Apr 19, 2017 6:27pm
Quoting calebfx
{quote} Damn son, if only I can get an ea with no losses lol. Let's get each other excited, would be in touch
//----

hey caleb...... don't get too excited..... losses will come..... in trend trading it's common to easily run several hundred winning trades in a row..... or thousands depending on length of trend..... i've had several live explorers that ran well over 1000 in a row.....

nothing is more inevitable than the inevitable..... it's inevitable trends will end...... it's inevitable losses will begin...... for those that deny the inevitable .....h
to trade and code, keep both simple... no call to impress....h
  • #284
  • Apr 19, 2017 6:31pm Apr 19, 2017 6:31pm
Quoting hayseed
{quote} //---- hey caleb...... don't get too excited..... losses will come..... in trend trading it's common to easily run several hundred winning trades in a row..... or thousands depending on length of trend..... i've had several live explorers that ran well over 1000 in a row..... nothing is more inevitable than the inevitable..... it's inevitable trends will end...... it's inevitable losses will begin...... for those that deny the inevitable .....h
Well what is inevitable is, you and I have more to discuss. I really need a break from manual trading, it's fun but man I prefer driving than walking eh..wanna check my phone just to see my balance update to the positive side.
Read in between the price!!!
  • #285
  • Apr 19, 2017 8:28pm Apr 19, 2017 8:28pm
Quoting calebfx
{quote} Am I the only one seeing this? That's not even a pullback amigo and wtf is a 3 bar zone strat, 3 bar reversal zone strat might even work better, all I see is losses if this is how your chart actually looks like. When some delusional people say "trade naked that is what institutional traders and big banks do" what they fail to tell you is institutional traders and big banks have the ability to trade naked because of the cash power and even they too use MAs Here, it seems no one is willing to give you a strat that actually works so I will....
I hope that your post is just a joke
Trade or not to trade - that is the question...
  • #286
  • Apr 20, 2017 12:53am Apr 20, 2017 12:53am
I have found there are certain mechanics that appeal to logic in why they would appear on the chart and they often seem to work in hindsight. But prediction of it and making money from those mechanics is a different story. Mostly a waste of time imo, certainly not going to replace your day job anytime soon. For me, maybe one day I will "get it" or "see the light". But everybody is peddling something different, and those without a clue are the first ones to offer you hope and vague advice to just "keep it up" and you'll get it. Or make stupid comparisons like in the quoted post to it taking more than 4 years like a college degree. Hands down I'm willing to bet real money these are the same people who aren't making reliable money from the market, have a high risk of ruin, or are running their losers and have just gotten lucky so far.

Spend your money on something that makes you happy and just gamble with a demo. It's just as fun especially when you end up busting your account and can just make a new one.

Quoting CrucialPoint
Straight up with no chasers {image} {quote} Experience (knowledge) are not counted in years. Driving your car for 30years is not going to make you a professional formula1 driver. 5, 10, 15 years (or more) trading doesn't equate to profitability or professionalism. {quote} People should pause whenever they say "I know..." and then look at the result of their actions if it matches what they know. If you're not making any money.. you should rethink what you think you know. Knowing and Doing are two different things; Everyone knows to eat their vegies, but they ate the cake instead. The problem with people is that they know too much... but they understand very little. {quote} The moment you think you should throw in the towels, hang the boots and gloves... is typically the right time to call it quits. Everyone lives in their own reality... And to be successful in trading is to be able to step out of your own reality and see the world for what it truly is. Most people don't know and have very little clue that it was a lost cause right from the beginning. Success is when preparation meets opportunity at the perfect timing... And most people are never prepared right from the beginning... And the harshest part is that they don't know it. Peace, CrucialPoint
  • #287
  • Edited 1:41am Apr 20, 2017 1:06am | Edited 1:41am
Quoting lKeithStone
{quote} Yes, Futures is different. Futures is a transparent market, Forex is not. You can not see order flow in Forex. In Forex you are instantly down money as soon as you put on a position. My positions go through an exchange. Your orders go to your broker.
Overall, I agree. Retail forex really sucks.
However, you can see order flow to a lesser degree..

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It's a basic principle that applies to ALL open auction-type markets

"The element of manipulation need not discourage any one. Manipulators are giant traders, with deep pockets. The trained ear can detect the steady 'chomp, chomp' as they gobble up stocks, and their teeth marks are recognized in the fluctuations and the quantities of stock appearing on the tape"

Richard Wyckoff's "The Day Trader's Bible", originally published in 1919.
  • #288
  • Apr 20, 2017 1:08am Apr 20, 2017 1:08am
Quoting Kanzler
Or make stupid comparisons like in the quoted post to it taking more than 4 years like a college degree. Hands down I'm willing to bet real money these are the same people who aren't making reliable money from the market, have a high risk of ruin, or are running their losers and have just gotten lucky so far.
Quoting Kanzler
...Spend your money on something that makes you happy and just gamble with a demo. It's just as fun especially when you end up busting your account and can just make a new one. {quote}
I'll double the bet cause I'm gonna win too.
  • #289
  • Apr 20, 2017 1:22am Apr 20, 2017 1:22am
Quoting skyway
{quote} {quote} I'll double the bet cause I'm gonna win too.
Well that's a whole lot of hot air. Where's your trade explorer? Going through your post history was pretty boring.
  • #290
  • Apr 20, 2017 1:23am Apr 20, 2017 1:23am
after I read some of the replies, i wanna share my thoughts. I've been trading for like 4 years now and sometimes i think the same. Its like going nowhere, you win some you lose some more. Cant count how many times i want to throw in a towel. i feel you man.

i am trading using robot now after 4 years manual trading. i dont know about you guys, but i feel much better now. trading with robots doesnt mean you will make more money, its just it will take care of the trades better than us. our weaknesses are MINDSET, our MENTAL. the robot im using now is really helpful, it helps me to trade without any emotions, which always be my number one enemy.

and after 4 years, i can conclude that we just want to make a lot of money in short term. we dont think in a long run, thats why we lose all of our money. now, if i make only 2-3% a month, I would be so frigging happy!

just saying man,, think more realistic, maybe reduce your financial goals, start small.
Against The Crowd
  • #291
  • Apr 20, 2017 1:28am Apr 20, 2017 1:28am
Quoting Kanzler
{quote}Going through your post history was pretty boring.
I'm a trader not a forumer. Here for the entertainment.
  • #292
  • Apr 20, 2017 1:31am Apr 20, 2017 1:31am
Quoting Kanzler
...Or make stupid comparisons like in the quoted post to it taking more than 4 years like a college degree. Hands down I'm willing to bet real money these are the same people who aren't making reliable money from the market, have a high risk of ruin, or are running their losers and have just gotten lucky so far. Spend your money on something that makes you happy and just gamble with a demo. It's just as fun especially when you end up busting your account and can just make a new one. {quote}
So it's safe to assume you are not in that set? As in, you are in fact:

1. making reliable money from the market
2. do not have high risk of ruin
3. not running their losers
  • #293
  • Apr 20, 2017 1:34am Apr 20, 2017 1:34am
Quoting skyway
{quote} I'm a trader not a forumer. Here for the entertainment.
Yeah whatever, typical BS and here to spread your "wisdom" so someone can stroke your ego. You want to accept my challenge, put your money where your mouth is. You will not because you are full of it.

Quoting TGS
{quote} So it's safe to assume you are not in that set? As in, you are in fact: 1. making reliable money from the market 2. do not have high risk of ruin 3. not running their losers
Incorrect. I make no money from forex. I do not trade live anymore. I never ran my losers though, death by a thousand cuts.
  • #294
  • Apr 20, 2017 1:41am Apr 20, 2017 1:41am
Quoting Kanzler
{quote} Incorrect. I make no money from forex. I do not trade live anymore. I never ran my losers though, death by a thousand cuts.
Oh I see, so you were just projecting your experience onto others. Well, perhaps you think that since you didn't make it, no one else could possibly either?
  • #295
  • Apr 20, 2017 1:45am Apr 20, 2017 1:45am
Quoting TGS
{quote} Oh I see, so you were just projecting your experience onto others. Well, perhaps you think that since you didn't make it, no one else could possibly either?
Possible? Well, someone is making money if everyone else is losing it. I just don't think it's 99.9% of anybody on this forum, and more than likely those who already have more cash than any of us will ever see in 100 lifespans of our typical wage. And especially the ones in the commercial section crowing their sales pitches or the egotists with hedged trade explorers pretending to know something everybody else doesn't. Maybe I am projecting, but I bet you know I am telling some sort of truth here, much more so than those married to saving the face of their online profiles or fraudulent businesses.
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  • #296
  • Apr 20, 2017 1:50am Apr 20, 2017 1:50am
Quoting Kanzler
{quote} Possible? Well, someone is making money if everyone else is losing it. I just don't think it's 99.9% of anybody on this forum, and more than likely those who already have more cash than any of us will ever see in 100 lifespans of our typical wage. And especially the ones in the commercial section crowing their sales pitches or the egotists with hedged trade explorers pretending to know something everybody else doesn't. Maybe I am projecting, but I bet you know I am telling some sort of truth here, much more so than those married to saving...
Yeah I agree with you, it's a tough business but let me ask a serious question; are you saying you found it impossible to make let's say 100 bucks per day from a 10K account? (that's 1% per day) I'm willing to bet there are a lot of people on this forum that easily do 1 or 2% per day.
  • #297
  • Apr 20, 2017 1:59am Apr 20, 2017 1:59am
Quoting TGS
{quote} Yeah I agree with you, it's a tough business but let me ask a serious question; are you saying you found it impossible to make let's say 100 bucks per day from a 10K account? (that's 1% per day) I'm willing to bet there are a lot of people on this forum that easily do 1 or 2% per day (without taking additional risks of compounding) I've watched several people do this each night at London open for the 2 weeks that I was involved in that Skype group a while back.
No offense intended but I'd love to see that continue to the point that it is a valid career option to replace a reasonably well earning job of at least $30/hour. I sincerely believe any chimpanzee can make 1% or 2% or even triple digit returns on forex if they have the right "strategy", but the long term viability of such strategy, concerning sample size and duration usually end up in failure. I've yet to meet anyone who could show otherwise, as a former true believer or as a critic.

My advice to the OP is pretty simple...it's a waste of time for almost everyone, and while I think it's possible to make money for someone, I'm seriously dubious on any claim that it's possible for the common man without connections to those with political and high finance ties. Spending time on something that will benefit humanity and yourself like a real degree or a vocational training will almost certainly be more personally and financially satisfying than digging through the piles and piles of garbage on the internet about forex. I feel sorry for anyone hoping this is a way out of poverty, because those are the type of people least able to afford the loss of monetary resources and opportunity cost and are most susceptible to becoming scam victims of the criminals in the commercial section.

PS: If I am someday proven wrong, and am making tons of money from this, I will gladly come back online here and eat my words. I have nothing to gain from shaming myself admitting these things about my own trading performance, but hope to prevent others from wasting their lives on what can become an invested obsession.
  • #298
  • Apr 20, 2017 2:12am Apr 20, 2017 2:12am
Quoting Kanzler
{quote} No offense intended but I'd love to see that continue to the point that it is a valid career option to replace a reasonably well earning job of at least $30/hour. I sincerely believe any chimpanzee can make 1% or 2% or even triple digit returns on forex if they have the right "strategy", but the long term viability of such strategy, concerning sample size and duration usually end up in failure. I've yet to meet anyone who could show otherwise, as a former true believer or as a critic. My advice to the OP is pretty simple...it's a waste of...
I agree with you in that it's not for everybody. Much in the same way that being a salesman isn't for everybody; I personally would be miserable being a salesman but there are many people that love being a salesman.

I think you're giving good advice to the general public but it's just one of those things that they'll to find out for themselves. Regardless, the outcome is likely to be the same in that, in general they'll continue to provide liquidity while they themselves perpetuate the propaganda machine that promotes indicators.

Anyhow, I think everyone will eventually figure something out.
  • #299
  • Apr 20, 2017 5:05am Apr 20, 2017 5:05am
Quoting freakout
{quote} I hope that your post is just a joke
I tend to take trading pretty damn serious because it involves money, here is the screenshot I showed you, with the pair you chose to trade, I gave you a strat, well not really I wanted you to have a look and ask questions but alas, let me save you the trouble, quit forex mate, the strat you trade is guaranteed to give you losses you might as well give that money to a local charity or get a day job.

Here is today's trade using the strat you should have been studying if you knew the meaning of the word humility. I added Round numbers, in this trade there is a lot of confluence and you can wait for these confluences to occur even if it means 3 trades per week. Price bounced of the 1.44400 RN this indicates a rejection of lower price, TP at 20 pips, SL lowest low of the last 3 candles....the rest figure it out or humble yourself and learn something.

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Read in between the price!!!
  • #300
  • Apr 20, 2017 5:12am Apr 20, 2017 5:12am
Quoting VEEFX
{quote} There I have solved your SL problem >> you have solved his problem to loseconsistently for sure. Posts like these are encouraged by market makers who WANT SLs at the tip of wicks for their survival to generate volatility and hunt stops. Ignore the damn wicks! They simply cannot be tamed and most trades are lost on wicks !!! The logic so simple has taken me years to figure out
Did you try it and it didn't work or you are just posting? I said place SL at the lowest low or highest high of the last 3 candles, no one mentioned wicks but can wicks help you identify the lowest low for a Long trade? Absolutely.

Read in between the price!!!
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