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5 years and still no strategy

  • #581
  • Apr 26, 2017 8:03pm Apr 26, 2017 8:03pm
Quoting Calculus
Vee 1. I like the really short term price action as there's always so much opportunity. People think under the 1m is too fast, it's not once you get used to it. I like to use the 15sec for main analysis and also the 7sec as it often gives a good clue (can also use 15s/30s or 1m/2m). Now, down in those short time time-frames you cannot be a cowboy trader (shooting at anything that moves) otherwise you're going to get cut to shreds. So what you have to do is be patient and look for real quality which probably comes 1-2 times per hour but then sometimes...

This all very interesting , thanks for sharing .

Just a question here
Do you use darkpools or if not what program and broker do you use to see these small time frames ,I'm thinking is it possible for a broker to even do the process of placing a order that quick for many customers for that exact price must contain errors especially with internet speeds and everything
There ain't no such thing as a free lunch
  • #582
  • Apr 26, 2017 8:51pm Apr 26, 2017 8:51pm
Seek understanding of market rhythm. Clue: Indisputably it swings and in swings you will find the truth.
Discard all indicators of any kind (they were manufactured and still are to sucker you). If you're using them and aren't profitable then.....
Discard anything to do with single or multi-bar patterns.
Discard everything that has to do with searching for setups.
With few exceptions discard 99.9% of everything you've heard here on FF.
With few exceptions the path followed by many is the one to be avoided at all costs. ie. James 16, RTM, Strat, etc. etc. etc.
And lastly and with trepidation don't discard the notion of paying for a trading education but seek that which is not actively advertised here on FF.
The path to trading success is not contained here in these infamous FF forums.
FF is a soap opera. Entertainment. Controversy. Gossip. ETC. ETC. But you will not learn to trade here. LOL.
  • #583
  • Apr 26, 2017 9:13pm Apr 26, 2017 9:13pm
Quoting Calculus
Vee 1. I like the really short term price action as there's always so much opportunity. People think under the 1m is too fast, it's not once you get used to it. I like to use the 15sec for main analysis and also the 7sec as it often gives a good clue (can also use 15s/30s or 1m/2m). Now, down in those short time time-frames you cannot be a cowboy trader (shooting at anything that moves) otherwise you're going to get cut to shreds. So what you have to do is be patient and look for real quality which probably comes 1-2 times per hour but then sometimes...
can you show a chart or two please ?
  • #584
  • Apr 26, 2017 9:16pm Apr 26, 2017 9:16pm
Quoting Winston Reed
The path to trading success is not contained here in these infamous FF forums. FF is a soap opera. Entertainment. Controversy. Gossip. ETC. ETC. But you will not learn to trade here. LOL.
so where is this path ? And are you on it yet ? Thanks.
  • #585
  • Apr 26, 2017 9:18pm Apr 26, 2017 9:18pm
Quoting Winston Reed
Seek understanding of market rhythm. Clue: Indisputably it swings and in swings you will find the truth. Discard all indicators of any kind (they were manufactured and still are to sucker you). If you're using them and aren't profitable then..... Discard anything to do with single or multi-bar patterns. Discard everything that has to do with searching for setups. With few exceptions discard 99.9% of everything you've heard here on FF. With few exceptions the path followed by many is the one to be avoided at all costs. ie. James 16, RTM, Strat, etc....
You may not learn to trade here but you definitely learn how not to trade :-)
"The fun is in the hunt. Not the kill."
  • #586
  • Apr 26, 2017 9:19pm Apr 26, 2017 9:19pm
Quoting metta87
{quote} so where is this path ? And are you on it yet ? Thanks.
My first set of advice would be to ask a buddha where to find the path.
"The fun is in the hunt. Not the kill."
  • #587
  • Apr 26, 2017 10:20pm Apr 26, 2017 10:20pm
Quoting metta87
{quote} so where is this path ? And are you on it yet ? Thanks.
I wish I could tell you the path but it is a journey each of us must pursue. I am on a path I believe is working. However mine is not necessarily what yours should be.
  • #588
  • Apr 26, 2017 10:20pm Apr 26, 2017 10:20pm
The important thing before starting a trade is to get a good setup.

I think any strategy can work well in trading, as long it is profitable for you and consistent.

my basic idea for a good strategy is like this :

1. what is the trend ?
1a. what indicator you use for spotting the trend ?

2. where is the entry ?
2a. what are the indicator for entry ? and what are their conditions for an entry ?

3. where is the target profit ?

4. where is the stop loss ?

I define a trend by using indicator like : Alligator, Moving Average cross, and Manual Trend line

the Entry price for every trade should be as low as possible (when go LONG) and should be as high as possible (when Go SHORT), the things I'm still try to overcome is when there are price spike, I always like to chase the trend which resulting in higher price when buying or selling this is a psychological problem (Greed) , always check yourself for greed and fear this is very important. We have to be logic and ready when need to cut out the trade (get good enough profit or too much losses). As long as your account still alive you still can battle for another day.

Now when I'm trading, I always set the Target profit (TP) but not setting the stop loss (SL), why ? because it is too difficult to set stop loss, If I set it too close when there are price spike, stop loss will likely be triggered just to watch the price bouncing back, this gives a very bad psychology for me (Fear).
If I set the stop loss too big, even when I know the market already turning but because the price haven't touch my stop loss yet I will think its okay and so I will wait and hoping for false hope, not good either. What I'm doing is to set TP based on nearest support or resistance, and for stop loss is by manual.

My conclusion is as long you have a system that can manage your Greed and Fear, I think that system will be profitable for you.
  • #589
  • Apr 26, 2017 10:24pm Apr 26, 2017 10:24pm
Quoting Redeflect
{quote} You may not learn to trade here but you definitely learn how not to trade :-)
Truth spoken well. The definition of insanity is doing the same thing over and over and expecting a different result. Keep using indis, keep hopping from one trading method to another, keep pursuing trading methods in the commercial section or for that matter pretty much anywhere here in FF, ETC. ETC. Confused? Want to give up? Why are you still here on FF? LOL.
  • #590
  • Apr 26, 2017 10:24pm Apr 26, 2017 10:24pm
Quoting Redeflect
{quote} You may not learn to trade here but you definitely learn how not to trade :-)
This is very true, and it is very difficult. I'm learning how not to trade when big news (high impact calendar) is happening, I think best trade are happened when no high impact news.

I think I will set a rule not to trade on every Friday.
  • #591
  • Apr 26, 2017 10:25pm Apr 26, 2017 10:25pm
Quoting Sywa
The important thing before starting a trade is to get a good setup. I think any strategy can work well in trading, as long it is profitable for you and consistent. my basic idea for a good strategy is like this : 1. what is the trend ? 1a. what indicator you use for spotting the trend ? 2. where is the entry ? 2a. what are the indicator for entry ? and what are their conditions for an entry ? 3. where is the target profit ? 4. where is the stop loss ? I define a trend by using indicator like : Alligator, Moving Average cross, and Manual Trend line...
Perfect example of the path to trading unsuccessfully.
  • #592
  • Apr 26, 2017 10:27pm Apr 26, 2017 10:27pm
Quoting Winston Reed
{quote} Perfect example of the path to trading unsuccessfully.
and how do you trade ?
  • #593
  • Apr 26, 2017 10:30pm Apr 26, 2017 10:30pm
Quoting Sywa
{quote} and how do you trade ?
The way everyone else is not trading. No indi's. No setups. Getting in tune with price and it's natural movements of swinging. It is not something one learns in a thread here at FF. Show me one person trading using the statements you previously mentioned that is profitable. Don't bother. You cannot. So why do you want to use what everyone else is using and failing at doing so? Can't you see what is going on? Your being duped! Over and over again.
  • #594
  • Apr 26, 2017 10:44pm Apr 26, 2017 10:44pm
Quoting Winston Reed
{quote} The way everyone else is not trading. No indi's. No setups. Getting in tune with price and it's natural movements of swinging. It is not something one learns in a thread here at FF. Show me one person trading using the statements you previously mentioned that is profitable. Don't bother. You cannot. So why do you want to use what everyone else is using and failing at doing so? Can't you see what is going on? Your being duped! Over and over again.
Everyone has their own style of trading, mine is like this.. and yours is like that. I just share my way of trading that is suitable for me and I'm not asking that you or other people to follow, I'm not saying my way is very profitable but at least It is the best I have right now. Maybe yours is very profitable for you and but may not suitable for other people also.
  • #595
  • Apr 26, 2017 10:54pm Apr 26, 2017 10:54pm
Quoting Sywa
{quote} Everyone has their own style of trading, mine is like this.. and yours is like that. I just share my way of trading that is suitable for me and I'm not asking that you or other people to follow, I'm not saying my way is very profitable but at least It is the best I have right now. Maybe yours is very profitable for you and but may not suitable for other people also.
The paths to unprofitable trading are many. You are on one of them. If I am wrong I will gladly subscribe to your trading method. But I'm not. But I wish you luck.
  • #596
  • Apr 26, 2017 10:57pm Apr 26, 2017 10:57pm
Quoting RondaRousey
{quote} {image} or be contained in it.
There is no box. There never was. :-)
"The fun is in the hunt. Not the kill."
  • #597
  • Apr 26, 2017 11:03pm Apr 26, 2017 11:03pm
Quoting Sywa
{quote} Everyone has their own style of trading, mine is like this.. and yours is like that. I just share my way of trading that is suitable for me and I'm not asking that you or other people to follow, I'm not saying my way is very profitable but at least It is the best I have right now. Maybe yours is very profitable for you and but may not suitable for other people also.
I wish you luck Sywa. You're close... but often the lasts steps are the most treacherous. It'll all be worth it at the end.
"The fun is in the hunt. Not the kill."
  • #598
  • Apr 26, 2017 11:40pm Apr 26, 2017 11:40pm
Quoting VEEFX
{quote} I am sure the guys who follow market geometry would disagree if you love charts, you end up drawing objects like the folks on this thread https://www.forexfactory.com/showthr...565188&page=44
HOLY POOP what are they DOING?! >.<

That is so unnecessary, lol.
"The fun is in the hunt. Not the kill."
  • #599
  • Apr 27, 2017 1:04am Apr 27, 2017 1:04am
Quoting MoneyZilla
{quote} I am counting the distances in range and when it does a move to the next range. Sometimes there is more space in between two ranges. My definition of a range is the price to stay locked for days in less then 150 pips. At any given moment, about 2/3 of the major 28 pairs are in this state of range. Every week. The counts I do, do suggest that the pips in range are almost equal to the pips in the trend movement. They also are balancing out the buy and the sell pips in between these movements. {quote} Inevitably, the traders do see (ONLY or...
I get what you're saying but this is exactly what I was talking about. It's a misconception in my belief to think that the market is doing one or the other.. What I mean is the market can range in a trend or trend in a range or range in a range or trend in a trend I mean you will see what you want in the end... There's layers but really there's just orders or lack there of. People want some logical explanation for what the market is doing and how they can profit but naturally are drawn to all the wrong answers. God knows I've been there.

I think Mingary said that the market will move to cause the most pain to the most accounts, which isn't entirely wrong. But really it's a chicken and egg
situation. YOU signed up and made an account, deposited money, believed the hype, clicked the button. The market has simply been doing the exact same thing it has done for hundreds of years. It connects buyers with sellers. That's what a market is. Who are you to get in the way of a banker in his own house? Or a hedge fund who knows something you don't?

There are some great texts on market mechanics which were written centuries ago which still hold true to their word today even with the addition of algos and robots. My mentor called it a machine and that is all it is.
Time hides Nothing
  • #600
  • Apr 27, 2017 2:11am Apr 27, 2017 2:11am
Quoting forexer801
{quote} This all very interesting , thanks for sharing . Just a question here Do you use darkpools or if not what program and broker do you use to see these small time frames ,I'm thinking is it possible for a broker to even do the process of placing a order that quick for many customers for that exact price must contain errors especially with internet speeds and everything
Not really that sure what dark pools are. I just look at the price and for brokers I use IB, run their data through Ensign for Windows (charting program) and Button Trader for order execution. I joke that the setup is the setup of champions. Ensign will let you use any time-frame. As far as speed goes, although I've got a fast internet connection is probably snail pace compared to the top guys plugged right in to the matrix. However, I've never had a problem with getting orders in too late. 90% of the time I enter on stop-limit (2 tick limit), a tick or 2 where price is at the present. Button trader is slick when it comes to entering orders, cancelling them, changing them etc and it's even quick if you use something like the Logitech G13 programmable keypad.
Road To Wisdom? To err and err and err again, but less and less and less...
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