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5 years and still no strategy

  • #821
  • May 1, 2017 1:50pm May 1, 2017 1:50pm
Quoting hilmy83
{quote} i'll thnk about it..but for now..i'm leaving this thread. getting negative vibe for some reason..the kind of negative vibe that years of frustration of trying to figure out forex can give. i can feel it thru the computer screen. feels icky..i'm out.
knew you were boring.

looks like these guys don't want to play ball anyway
  • #822
  • May 1, 2017 1:50pm May 1, 2017 1:50pm
Quoting Don96
{quote} now that i concur 100% its unfortunate that simple minds cant grasp it perhaps they just walk into the large obstacles? like trees... or perhaps they are blind and cant see the trading screen?
Anyone who has not a vested interest in snaring newbies in some forex scam will sooner or later realize that trading the forex is all about determining if the price will zig or zag or continue up or down and all the variations in between using some system or methodology.... Truly, absolute Bullshit.
Only those who make money from perpetrating such lies will swear by one method / system or an other (just too many to list, hint: all of them)
Retail forex traders are the bread and butter of the forex industry. Those retail forex brokers' office buildings don't build themselves you know...
Now which one are you associated with ? Because surely, if you are a retail forex trader, it's a safe bet you are not making any money from trading.
  • #823
  • May 1, 2017 1:52pm May 1, 2017 1:52pm
Quoting Mingary
{quote} Anyone who has not a vested interest in snaring newbies in some forex scam will sooner or later realize that trading the forex is all about determining if the price will zig or zag or continue up or down and all the variations in between using some system or methodology.... Truly, absolute Bullshit. Only those who make money from perpetrating such lies will swear by one method / system or an other (just too many to list, hint: all of them) Retail forex traders are the bread and butter of the forex industry. Those retail forex brokers office...
already told you, Oanda, ActivTrades, CityIndex

you also realise that the people who trade the brokers money... get the job by showing they can trade their OWN money... then getting invested into by the companies...

you are just silly
  • #824
  • May 1, 2017 1:54pm May 1, 2017 1:54pm
Quoting Redeflect
{quote} I wouldn't bank on oil personally. But, I love me that clean energy tech. I figure that the poor can't afford gas and the rich can afford a Tesla... and neither one of those trends look like they're changing.
well i figured, oil is a tough one, it gets more cost effective for smaller producers to start producing again... keeping price where it is, but i see further north, from here $48.67
  • #825
  • Edited 2:28pm May 1, 2017 2:03pm | Edited 2:28pm
Quoting Don96
{quote} already told you, Oanda, ActivTrades, CityIndex you also realise that the people who trade the brokers money... get the job by showing they can trade their OWN money... then getting invested into by the companies... you are just silly
Like I said..
As if "they" are going to hire retail traders ... this is the real world dude.
The cityindex trading academy program is a schemy scamy publicity stunt ...
Silly me, not.
  • #826
  • May 1, 2017 2:04pm May 1, 2017 2:04pm
Quoting hilmy83
{quote} ask ikeithstone he's a tex man. you know he's got oil money. he can give your ass that oz gold to fondle.
Nah... I don't live in Texas. All this fondle talk has me excited though.
  • #827
  • May 1, 2017 2:27pm May 1, 2017 2:27pm
Quoting okshop
{quote} Omg, its the Holy Grail thanks for the video at last I have found my maker
The video is hillarius! This is guy is soooo talented! Amazing!:-)
Maadik Hugiis. IQ 69.
  • #828
  • May 1, 2017 2:32pm May 1, 2017 2:32pm
Quoting MoneyZilla
{quote} The video is hillarius! This is guy is soooo talented! Amazing!:-)
No joke mate, with a big enough sample size & a risk to reward of 1:2 you will be a rich man in 2 years.
Self discipline It is a practice
  • #829
  • May 1, 2017 2:33pm May 1, 2017 2:33pm
Quoting Mingary
{quote} Like I said.. As if "they" are going to hire retail traders ... this is the real world dude. The cityindex trading academy program is a schemy scamy publicity stunt ... Silly me, not.
are you retarded?

was it the chicken or the egg?

what the fuck do you mean they dont hire retail... the people at the banks born instantly good at trading but never traded before

get a fucking grip, you are thick
  • #830
  • May 1, 2017 2:35pm May 1, 2017 2:35pm
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?
A few observations

You claim that you arent looking for a holy grail, however, have you done any kind of research into figuring out the magnitude of returns you might expect from a 50% strike rate with 1:2 ratio ? If not find yourself a simulator, plug those figures in, and take a long hard look at the magnitude of returns you could expect, and compare them against the very best in the business (and by that I mean compare against returns from traders with audited track records, not what some annonymous guys on a forum tell you is possible).

3-5 trades during the EU session ? whats the average duration of these trades (in minutes) ? I'm not saying that it cant be done (I tend to take 2-3 trades over two sessions) but theres definately a "trade duration" under which it gets hard to differentiate true moves from noise, and to overcome the effects of spread. It is possible, but you'd have to be one hell of a trader to pull it off, there are methods out there (not sure if I'm allowed to post links but trading - naked dot com is as good a place to start as any to figure out those kinds of strategies, any of the stuff based on multi timeframe analysis and divergence will get you there)

The other thing that sends up a red flag for me is your reference to H1-H4 pullbacks. Seriously dude, ask yourself how long does a trend actually lasts on a 1 hour or 4 hour timeframe ? and ask yourself if you want to take a fair sized bite out of that trend, or if you really want to be in and out 3 times a day !
  • #831
  • May 1, 2017 2:47pm May 1, 2017 2:47pm
Quoting Don96
{quote} are you retarded? was it the chicken or the egg? what the fuck do you mean they dont hire retail... the people at the banks born instantly good at trading but never traded before get a fucking grip, you are thick
Sure,
for fun, try to sneak into an interview and announce you are a retail trader making money when the fast moving average crosses the slow moving average and you are expert in technical analysis because you have read dozens of books and paid for dozens of "weekend seminars" with the best gurus in retail forex ...

I dare you to find even a single job in here that has to do with retail forex trading that does not involve screwing people for their money or (much) higher education

This is the real world (not retail forex fantasy world) ==> http://www.efinancialcareers.com/
  • #832
  • May 1, 2017 2:58pm May 1, 2017 2:58pm
Quoting BillYon
https://youtu.be/IFJFuJ6-tQY -------------------------------------------------------------------------------------------------------------------------------------
Doable imho, similar to trying to make money off coin flips (or roulette). The trick is in the money management, and the fact that "on average" the price drifts away from any given line. But could get a person kicked out of a casino...
  • #833
  • May 1, 2017 3:01pm May 1, 2017 3:01pm
Quoting CrucialPoint
This is how you die (in trading) Watch each video carefully as I point out a few things: 1. The Amateur's Personal Experience https://www.youtube.com/watch?v=L5-ZDDwRevs 95% of the information you will get from FF and anywhere else are these type of information. And the reality is, you will only last 10-30min swimming like this in open water (even in a swimming pool). And then you die!!! In trading, you may last 1-3 months of profit and then you die!!! Well, you can rest assure that it is not your fault... You don't know what...
Why candle sticks though and not simple OHLC bars ?
Did they originally intend to use filled/empty black/white to distinguish between cycles such as moon for example?
As far as I know the closest thing to modern OHLC bars were just High-Low bars as seen in Truth of the stocktape.
The truth is hidden from you
  • #834
  • May 1, 2017 3:04pm May 1, 2017 3:04pm
Quoting MaxenshteinD
{quote} Why candle sticks though and not simple OHLC bars ? Did they originally intend to use filled/empty black/white to distinguish between cycles such as moon for example? As far as I know the closest thing to modern OHLC bars were just High-Low bars as seen in Truth of the stocktape.

And who exactly said that time frames must be static ? Like why not make a chart out of a 4h candle, 1h candle, 3h candle, 12h candle mixed together ? To combine the price activity of different variables happening between a major time frame?
For example a day can be divided in to 7 candles of different time, separating the periods of session open, session overlap, close...
The truth is hidden from you
  • #835
  • May 1, 2017 3:04pm May 1, 2017 3:04pm
Quoting Mingary
{quote} Sure, for fun, try to sneak into an interview and announce you are a retail trader making money when the fast moving average crosses the slow moving average and you are expert in technical analysis because you have read dozens of books and paid for dozens of "weekend seminars" with the best gurus in retail forex ... I dare you to find even a single job in here that has to do with retail forex trading that does not involve screwing people for their money or (much) higher education This is the real world (not retail forex fantasy world) ==>...
job in here? there is no jobs advertising here...

you are just simply retarded because you lost loads of money...
  • #836
  • May 1, 2017 3:07pm May 1, 2017 3:07pm
Quoting MaxenshteinD
{quote} Why candle sticks though and not simple OHLC bars ? Did they originally intend to use filled/empty black/white to distinguish between cycles such as moon for example? As far as I know the closest thing to modern OHLC bars were just High-Low bars as seen in Truth of the stocktape.
The Japanese were using candlestick plots of rice prices back in the 17th century. But it is the same as an ohlc bar, just that long candles with short wicks "look" more solid.
k
  • #837
  • May 1, 2017 3:08pm May 1, 2017 3:08pm
I can't get when do we use a static approach, and when do we use a dynamic approach . For example the famous 52 week high-low. Why is it better to simple choose the starting point 52 weeks ago (dynamic)? Rather than just use a fixed reference open from 1st January to 31st of December? There must be a logical answer I guess?
The truth is hidden from you
  • #838
  • May 1, 2017 3:11pm May 1, 2017 3:11pm
Quoting kprsa
{quote} The Japanese were using candlestick plots of rice prices back in the 17th century. But it is the same as an ohlc bar, just that long candles with short wicks "look" more solid. k
What if there was a different logic for using a colour based system of the body? What if they used different colours?
As in Monday - bullish bar = light green, bearish bar = dark green,
Tuesday- bullish bar = light blue, bearish bar = dark blue

Or they even added stripes to it if it was say an outside bar


P.s. I decided to write the following in this thread, due to the fact that a few people which I consider as "in the know" are paying attention to this thread at this moment.
The truth is hidden from you
  • #839
  • May 1, 2017 3:16pm May 1, 2017 3:16pm
Quoting lKeithStone
{quote} Basics.. I will just assume this is sarcasm considering the majority of threads I see on here. Like I said before, if you're not looking at volume, you are at a huge disadvantage. You can not see volume in Forex which puts you at a disadvantage, not to mention you are paying high commissions per lot and a spread. Here is a good interview of a very intelligent trader. Pay attention to what this guy says at 49:00. http://www.futuresradioshow.com/podcast/123/#more-2848
i fast forwarded to 49:00 and i see he looks at volume, and he is an intelligent trader.. but like you said, and i agree, looking at volume in FX is useless because it is a decentralized market. If i remember correctly, there is FX volume available on the CME but it is not live volume in real time.

so, now that you brought up a problem, which is volume, what can be done about this "huge disadvantage"? well, while volume plays the Only role in price movement, but since we can't look at it, we should still understand what it is, but we can't look at it...

I dont know. all we can say is, too bad, cant look at volume. if i did look at it then it would prob be to confirm breakouts and stuff anyways, or high volume on such and such bar on a H&S pattern confirms it.. or negates it..

or i'd look around the VSA thread, im sure they have a way around it?

and I wasn't being sarcastic, i mean, if even i can understand it then it must be basic. right?

i was really hoping that the video would shed some light on something that i didnt know about, being that ive never worked at a prop desk or at a bank before. but im glad to know that im imitating them pretty well.

however, i really could learn a thing or two from this guy..
Inserted Video
  • #840
  • May 1, 2017 3:17pm May 1, 2017 3:17pm
Quoting Don96
{quote} job in here? there is no jobs advertising here... you are just simply retarded because you lost loads of money...
You are the thick one indeed

Go back to my post
Now read carefully
Jobs in here: http://www.efinancialcareers.com/

Awaiting some great counter argument from you, but won't be holding my breath (;
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