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5 years and still no strategy

  • #841
  • May 1, 2017 3:19pm May 1, 2017 3:19pm
Quoting VEEFX
{quote} The logical answer is (to me) is... you trade what others 'see' more frequently and easily on charts. Dynamic candles have a place for intraday to avoid noise during session open/close or post news release while stacking but that's about all that I could procure from it. You could probably expand it to incorporate some MTF strategy (like moving average on 60m1 candles is ma(1) on h1 etc) but that's about all I could fine. Regardless, splitting timeframe statis or dynamic will always result in fractals... just at different scale and price...
For examples the correct cycles can be separated as in green above, but we are trying to fit the market in to our construct of time as in below blue. That's what I'm thinking
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20170501-231812.jpg Size: 170 KB
The truth is hidden from you
  • #842
  • May 1, 2017 3:22pm May 1, 2017 3:22pm
LMAO this thread today. We're all bored losers
  • #843
  • May 1, 2017 3:25pm May 1, 2017 3:25pm
Quoting VEEFX
{quote} You are wasting your time. Engaging with trolls results in a failure rate of 99.999999999999999999999999999 % I just hope mr. freakout is not still freaking out after starting this thread lol
lol like your success rate with trading then, perhaps you are a double troll?
  • #844
  • May 1, 2017 3:27pm May 1, 2017 3:27pm
Quoting MaxenshteinD
{quote} 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.
I am unsure if I am "in the know" but since you ask, I'd guess they have considered that the important information they needed was already captured by the vanilla variety of candlestick. And I tend to agree.
k
  • #845
  • May 1, 2017 3:29pm May 1, 2017 3:29pm
Quoting kprsa
{quote} I am unsure if I am "in the know" but since you ask, I'd guess they have considered that the important information they needed was already captured by the vanilla variety of candlestick. And I tend to agree. k
I like the term you used - "vanilla", but what could the possible non vanilla methods of capturing price in to a timeframe and showing it simplified could be I wonder
The truth is hidden from you
  • #846
  • May 1, 2017 3:32pm May 1, 2017 3:32pm
Quoting Don96
{quote} lol like your success rate with trading then, perhaps you are a double troll?
Seems to me that in light of the FXCM debacle in the US and relentless debunking by what are trolls to you, it must be getting harder to convince "the innocent" to open a retail forex account, is it not ?
  • #847
  • May 1, 2017 3:39pm May 1, 2017 3:39pm
Quoting DClearsky
{quote} 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...


just to make a point of what you said here

''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''

This is it, prop traders are not doing anything differently, ive traded in 2 prop firms, both had different approaches, but all the guys use the same tools. X trader, charts, reuters or bloomberg and a news squawk. People think that if they could just see what prop traders are doing or get hired by a firm they would be profitable, but it has nothing to with this you have access to the same things.

The main thing that is different from retail is prop traders make their big money on sudden announcements and sources comments, in prop you are trained early on to react very quickly to market changing news and data. This is when guys use their full size and sometimes go beyond their risk limits as the odds are very strong for a strong directional move ...when you know your fundamentals and central bank speakers inside out you can react to this. This is how guys have 100k plus days. Its generally not from their technical plays as these are done on their standard size limits as they know they probably have 50% chance at best on these trades, but if Draghi just announces further QE you know for sure that the BUND is about to shoot to the moon and you should be balls deep.

I will be the first to admit I was never great at this very reactionary trading to sudden announcements, my strength is watching the book and reacting to what im seeing in an everyday market open when we have locals playing or htf with an open drive. I can see this over and over every day But guys I have sat with that focus on these sudden new releases are so insanely fast at reacting its amazing to witness. You have to find your strengths.
  • #848
  • May 1, 2017 3:51pm May 1, 2017 3:51pm
Quoting Mingary
{quote} Seems to me that in light of the FXCM debacle in the US and relentless debunking by what are trolls to you, it must be getting harder to convince "the innocent" to open a retail forex account, is it not ?
not part of FCXM, worlds worst broker

shed some light on how in any way shape or form i have ever tried to scam anyone on here?. once you do that, i shall delete my account, and give you 5k to do whatever you want with, perhaps you can buy some anti-depressant pills with it or something
  • #849
  • May 1, 2017 3:54pm May 1, 2017 3:54pm
Quoting Mingary
{quote} 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 (;
you didn't respond with that link... you said jobs in here, implying Forex factory... i still would like some evidence on brokers scamming... other than through education...

you do realise why these people get paid the highest in the world for what they do

why CEO's of brokers and Hedge-funds get paid massive bonuses "...its because they are worth that much as a % to the people they make money for"

how an earth you have any subs i have no idea, everyone knows you for how negative you are because you lost a load of money or your brain is so simple you cant work stuff out. it can be changed
  • #850
  • May 1, 2017 4:00pm May 1, 2017 4:00pm
Quoting Don96
{quote} you didn't respond with that link... you said jobs in here, implying Forex factory... i still would like some evidence on brokers scamming... other than through education... you do realise why these people get paid the highest in the world for what they do why CEO's of brokers and Hedge-funds get paid massive bonuses "...its because they are worth that much as a % to the people they make money for" how an earth you have any subs i have no idea, everyone knows you for how negative you are because you lost a load of money or your brain is...
i think it's fate that the two of you are in a convo. you have to take him under your wings and teach him to trade. i see a beautiful long lasting friendship from this. mingary, kill your ego man. ask this kid to teach you. he will!
  • #851
  • May 1, 2017 4:00pm May 1, 2017 4:00pm
Quoting Don96
{quote} you didn't respond with that link... you said jobs in here, implying Forex factory... i still would like some evidence on brokers scamming... other than through education... you do realise why these people get paid the highest in the world for what they do why CEO's of brokers and Hedge-funds get paid massive bonuses "...its because they are worth that much as a % to the people they make money for" how an earth you have any subs i have no idea, everyone knows you for how negative you are because you lost a load of money or your brain is...
I did respond with that link, it's in the post ..
Anyway, just as expected you are not answering the question and you are addressing a totally different issue
Come back to me when you can give a straight answer.

Remember you are saying that banks hire forex retail traders and I am saying it's bull shit ..

Here it is again, just in case you want to mull over it

https://www.forexfactory.com/showthr...14#post9816914
  • #852
  • May 1, 2017 4:34pm May 1, 2017 4:34pm
Quoting Mingary
{quote} I did respond with that link, it's in the post .. Anyway, just as expected you are not answering the question and you are addressing a totally different issue Come back to me when you can give a straight answer. Remember you are saying that banks hire forex retail traders and I am saying it's bull shit .. Here it is again, just in case you want to mull over it https://www.forexfactory.com/showthr...14#post9816914
ARE YOU THICK?
where else do you think they get the people to trade from?
  • #853
  • May 1, 2017 6:07pm May 1, 2017 6:07pm
Quoting RondaRousey
{quote} Most humans are not wired to be good traders. They complicate things, run on emotions, wanting to be right, greedy, undisciplined, revenge trade, use way too tight SL, TP too soon, listen to others, have herd mentality, easily manipulated, believe what they see and hear, don't realise indicators and strategies can have a use by date. Most are doomed before they even place a trade because they are flawed and have been taught the wrong things. A naked chart is just a visual representation of historical data nothing more.
Great thanks for your reply. May I ask what tools you use for entering a position?
  • #854
  • May 1, 2017 7:55pm May 1, 2017 7:55pm
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?
The retail market combined is no small fish. There is a predator for every level of trading: retail idiots, pros, institutional etc. etc. The charts tell the story at every level.
  • #855
  • May 1, 2017 9:02pm May 1, 2017 9:02pm
Quoting RondaRousey
{quote} Herd mentality is to copy what others are doing even if it leads to the slaughterhouse. If you want the keys to the kingdom, create your own tools because no one will give you tools or indicators that work.
But what if we no dun think gewd?
"The fun is in the hunt. Not the kill."
  • #856
  • May 1, 2017 9:05pm May 1, 2017 9:05pm
Quoting Mingary
{quote} I did respond with that link, it's in the post .. Anyway, just as expected you are not answering the question and you are addressing a totally different issue Come back to me when you can give a straight answer. Remember you are saying that banks hire forex retail traders and I am saying it's bull shit .. Here it is again, just in case you want to mull over it https://www.forexfactory.com/showthr...14#post9816914
Don is correct. They recruit individuals with experience. You don't even have to be a great trader for them to give you a shot. Your portfolio can be in the red. You just need to demonstrate that you have had some experience in the market and have learned something(IE: You have a brain). Even a bad trader with market experience is a better hire than a no-experience rookie.
"The fun is in the hunt. Not the kill."
  • #857
  • May 1, 2017 9:20pm May 1, 2017 9:20pm
Quoting Redeflect
{quote} Don is correct. They recruit individuals with experience. You don't even have to be a great trader for them to give you a shot. Your portfolio can be in the red. You just need to demonstrate that you have had some experience in the market and have learned something(IE: You have a brain). Even a bad trader with market experience is a better hire than a no-experience rookie.
I don't know about outside of US but in US you can't trade "professionally" for a "firm" unless you have a license or certification. For example if you trade commodities or futures you have to pass a series 3 exam to become a CTA (commodities trader advisor). Without this you can't legally trade for a "firm" and it is unlikely anyone will hire you. The series 3 exam is no BS and you need to know your stuff to pass it. Most don't.
  • #858
  • May 1, 2017 9:58pm May 1, 2017 9:58pm
Quoting Winston Reed
{quote} I don't know about outside of US but in US you can't trade "professionally" for a "firm" unless you have a license or certification. For example if you trade commodities or futures you have to pass a series 3 exam to become a CTA (commodities trader advisor). Without this you can't legally trade for a "firm" and it is unlikely anyone will hire you. The series 3 exam is no BS and you need to know your stuff to pass it. Most don't.
series 7 u mean. first u need a niche, once u have a niche u need to convince a firm to "sponsor" you. before you can take any exam. for anyone looking to go instituitional without a proper degree, my suggestion is that u take the BATS first. kind of the non conformity industry standard
  • #859
  • May 1, 2017 10:07pm May 1, 2017 10:07pm
Quoting Bicarus
{quote} series 7 u mean. first u need a niche, once u have a niche u need to convince a firm to "sponsor" you. before you can take any exam. for anyone looking to go instituitional without a proper degree, my suggestion is that u take the BATS first. kind of the non conformity industry standard
The series 3 is specific for commodities and futures
https://i.gyazo.com/1a39689f0e0d6ffd...bc6f8efd30.png

The series 7 is specific to stocks, bonds and other securities but not commodities and futures.
https://i.gyazo.com/76c6397450f5b5d6...2e3e7ada0c.png
  • #860
  • May 1, 2017 10:33pm May 1, 2017 10:33pm
The BATS is no longer offered. It is now the BMC.
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