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5 years and still no strategy

  • #781
  • May 1, 2017 11:12am May 1, 2017 11:12am
6e is good on dom, but as with thinner markets you watch the same things just over more prices... instead of absorption over a tic or two you see it over 4 or 5
  • #782
  • May 1, 2017 11:50am May 1, 2017 11:50am
Quoting VEEFX
{quote} I might shock some experts here by saying this... THERE IS NO EDGE IN THIS MARKET....ATLEAST NOT FOR LONG TERM SUSTAINABILITY TO QUIT YOUR PRIMARY SOURCE OF INCOME. IT'S A SUCKERS GAME FOR ANYONE TO THINK OTHERWISE (unless you want to move to Timbuktu and live on $100/month lol)
damn Vee, where were you seven years ago when I needed to hear this?

you might have just saved a ton of people from heartbreak, insanity, and/or bankruptcy!
  • #783
  • May 1, 2017 11:50am May 1, 2017 11:50am
Quoting depthflow
Problem with looking at charts is we are always naturally drawn to looking for swing points. They stick out so obviously and make trading seem so simple with hindsight. A key set up that is hard to trade from a TA perspective is the middle of moves, and this is where some of the easiest money is on the DOM when the market is breaking low with size. for example you have a range - based on your DOM Volume profile. it looks like this xx xxx xxxx xxxxx xxxx xxx xx The market starts to trade out side the range, know we want to know if this is likely...
Great post. Finally, someone on FF who knows what they are talking about.
  • #784
  • May 1, 2017 11:59am May 1, 2017 11:59am
Quoting lKeithStone
{quote} Great post. Finally, someone on FF who knows what they are talking about.
please, these are just the basics.

if you don't do volume analysis, you don't need DOM depth of market or VSA.

if you don't do technical analysis, then you don't need technical indicators.

if you don't do fundamental analysis, then you don't need the news on and a page opened showing Trump's twitter account.

kick it back to the old days, all you need is a ticker, that stock tape, and some heart put into the game.

but, that really was a great video from depthflow and i enjoyed listening to it quite a bit lol.
  • #785
  • May 1, 2017 12:05pm May 1, 2017 12:05pm
Quoting sinqua
{quote} As for knowledge specialization, its that kind I was trying to get out of strongtrader. My motives are probably not like most anymore, I'm not looking for some amazing strategy/revelation to help my trading. I've already seen ones that can be readily applied. Its more out of curiosity. I discount nothing and enjoy getting to know 'why'. So if some random fx guru claimed he met an fx buddha who betowed him/her the ultimate key to fx, well I will enjoy seeing how far his/her rabbit hole goes ...in my spare time.
man.. i would love to stay in wonderland for a while longer.

we got the madhatter, white rabbit, tweedledee and tweedledum. cheshire cat and the red queen.

but there comes a time when we all gotta wake up.

the best times might be that sense of wonder when learning about FX and the markets and searching for that strat and testing/researching everything.

but what happens when you find what you're looking for? nobody thinks about what happens afterwards.

so.. 5 years and still no strat? i applaud that.
  • #786
  • May 1, 2017 12:06pm May 1, 2017 12:06pm
Quoting RondaRousey
{quote} Buddy they were given the wrong tools from the start. The moment they read a trading book, go to a trading forum, go to a trading seminar, looked a candlestick they were doomed. You were meant to lose money trading from the start
wait a sec you're saying even trading with a naked chart = doomed trader? Can I ask what do you personally use for trading? Just the bid/ask price only?
  • #787
  • May 1, 2017 12:06pm May 1, 2017 12:06pm
Market makers move price intentionally to trap retail traders and they have been using the same or similar tactics for a long time. These can be seen for those willing to look but most are busy searching for the right combination of indicators or a certain set-up so they never figure it out. The chart below is revealing but I doubt most will figure it out.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 108 KB
  • #788
  • May 1, 2017 12:06pm May 1, 2017 12:06pm
Quoting sinqua
{quote} As for knowledge specialization, its that kind I was trying to get out of strongtrader. My motives are probably not like most anymore, I'm not looking for some amazing strategy/revelation to help my trading. I've already seen ones that can be readily applied. Its more out of curiosity. I discount nothing and enjoy getting to know 'why'. So if some random fx guru claimed he met an fx buddha who betowed him/her the ultimate key to fx, well I will enjoy seeing how far his/her rabbit hole goes ...in my spare time.
The rabbit hole goes all the way to the end where it bends.
"The fun is in the hunt. Not the kill."
  • #789
  • May 1, 2017 12:15pm May 1, 2017 12:15pm
Quoting Winston Reed
Market makers move price intentionally to trap retail traders and they have been using the same or similar tactics for a long time. These can be seen for those willing to look but most are busy searching for the right combination of indicators or a certain set-up so they never figure it out. The chart below is revealing but I doubt most will figure it out. {image}
You did a good job highlighting where sellers should take profit!
Those channels on your chart though.. they seem sort of off.
  • #790
  • May 1, 2017 12:15pm May 1, 2017 12:15pm
Quoting Redeflect
{quote} The rabbit hole goes all the way to the end where it bends.
are we talking about a rabbit hole.. or some other hole?
  • #791
  • May 1, 2017 12:22pm May 1, 2017 12:22pm
Quoting DClearsky
{quote} You did a good job highlighting where sellers should take profit! Those channels on your chart though.. they seem sort of off.
The channels are immaterial to understanding what "they" are doing. And to the contrary the previous chart shows where "they" trapped sellers, took out their stops and moved the market up. The chart below is another good example of this.
Attached Image (click to enlarge)
Click to Enlarge Name: EPM7M20.png Size: 85 KB
  • #792
  • May 1, 2017 12:25pm May 1, 2017 12:25pm
Quoting MoneyZilla
{quote} Ronda is not among the most liked guys here, but recently his posts are very honest and with great value. I do suggest to read him carefully, cause he speaks little... Here is how I look the charts nowadays. Not looking at the candles (they are black on black background - makes sense - right?), just to avoid confusions. The core of the rates engine is one, but the candles looks different. However their behaviour is exactly the same in all fx pairs. When one starts to follow the stop losses can quickly spot on this... {image}
I have no reason to regard his post with any credit. I personally know he's incorrect. I have no need for acknowledging superstition. I know what works and why it works. I don't need to learn from his experience that it doesn't work for him because I am not him.
"The fun is in the hunt. Not the kill."
  • #793
  • May 1, 2017 12:27pm May 1, 2017 12:27pm
And again.
Attached Image (click to enlarge)
Click to Enlarge Name: YMM7M20.png Size: 88 KB
  • #794
  • May 1, 2017 12:31pm May 1, 2017 12:31pm
Quoting Winston Reed
Market makers move price intentionally to trap retail traders and they have been using the same or similar tactics for a long time.
That is very unlikely, cause retail money is just nothing... MMs are trading against the private pros/funds. And what you said is right, but the target surely is NOT the retail traders.

Can you imagine Barca team to play against some street football players. And being very interested in doing that, hello?
Maadik Hugiis. IQ 69.
  • #795
  • May 1, 2017 12:31pm May 1, 2017 12:31pm
Quoting Winston Reed
And again. {image}
and how do you use that for trading ?
  • #796
  • May 1, 2017 12:50pm May 1, 2017 12:50pm
Quoting VEEFX
{quote} I might shock some experts here by saying this... THERE IS NO EDGE IN THIS MARKET....ATLEAST NOT FOR LONG TERM SUSTAINABILITY TO QUIT YOUR PRIMARY SOURCE OF INCOME. IT'S A SUCKERS GAME FOR ANYONE TO THINK OTHERWISE (unless you want to move to Timbuktu and live on $100/month lol)
ah shutttt upppppp
  • #797
  • May 1, 2017 12:53pm May 1, 2017 12:53pm
Quoting MoneyZilla
{quote} That is very unlikely, cause retail money is just nothing... MMs are trading against the private pros/funds. And what you said is right, but the target surely is NOT the retail traders. Can you imagine Barca team to play against some street football players. And being very interested in doing that, hello?
agreed, trap or no trap, retail traders trap themselves by hoping the market will do what they think. and not recognizing signs to get in or get out.

traders couldn't tell a bear trap even if it had their leg tightly clamped in its metal jaws.

don't trade breaks and you won't fall victim to false breaks. don't use stops and you won't have to worry about stop sweeps.
  • #798
  • May 1, 2017 12:58pm May 1, 2017 12:58pm
Quoting VEEFX
{quote} If you want to learn how to draw lines all over your charts... here's a good thread... https://www.forexfactory.com/showthr...36#post9811836 Good luck....every object drawn on the chart makes you lose an inch of whatever edge you could gain. Sorry/I am against charts, I am against order flow, I am against SR/SD/trendlines/oscillators/ price patterns/forks/indicators/TA/PA/ buy low, sell high/sell high, buy low/currency strength (as a calculated measure)/ single pair, single timeframe/snipper-style trading/tick-based...
Thanks and good luck in your trading.
  • #799
  • May 1, 2017 12:59pm May 1, 2017 12:59pm
Quoting VEEFX
{quote} If you want to learn how to draw lines all over your charts... here's a good thread... https://www.forexfactory.com/showthr...36#post9811836 Good luck....every object drawn on the chart makes you lose an inch of whatever edge you could gain. Sorry/I am against charts, I am against order flow, I am against SR/SD/trendlines/oscillators/ price patterns/forks/indicators/TA/PA/ buy low, sell high/sell high, buy low/currency strength (as a calculated measure)/ single pair, single timeframe/snipper-style trading/tick-based...
I concur 100%
  • #800
  • May 1, 2017 1:01pm May 1, 2017 1:01pm
Quoting VEEFX
{quote} Unless I am asking a question, I am really not looking for a response tinyurl.com/veefx
and unless you can control my keyboard, i can reply to whoever the fuck i want, dumbass
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