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5 years and still no strategy

  • #1,041
  • May 4, 2017 10:48pm May 4, 2017 10:48pm
Quoting MaxenshteinD
Simply put I believe that indicators are just not used right by many, due to the lack of understanding - What and Why were the creators trying to calculate
I entirely agree. I come across many people that think a moving average is supposed to act like a support or a resistance line. Or that don't understand why a crossover helps to generate a buy/sell signal.
"The fun is in the hunt. Not the kill."
  • #1,042
  • May 4, 2017 10:55pm May 4, 2017 10:55pm
Quoting cisco92111
{quote} The simplest way to use indicators that i know can work is choosing a moving average or a few to determine the trend and then an oscillator like cci or rsi to tell you when to enter. for example if the moving average is going up, then you buy the market when cci or rsi comes out of the oversold zone and vice versa for selling the market. So basically what these indicators do is help you get in when price is oversold in an uptrend and when price is overbought in a downtrend.
What do you mean 'the simplest way' to use indicators? That is THE way to use indicators. It's all the fundamentals and money-management and market manipulation that people get choked up on.
"The fun is in the hunt. Not the kill."
  • #1,043
  • May 4, 2017 10:59pm May 4, 2017 10:59pm
Quoting CindyXXXX
{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...
So, the advice was spend more time trading and less time figuring out how to trade theoretically? :-)
"The fun is in the hunt. Not the kill."
  • #1,044
  • May 4, 2017 11:23pm May 4, 2017 11:23pm
Quoting metta87
{quote} why are you beating around the bush sir ? what do you think the market expect of you ? simple question
The market expects him to lose money. That's what we all expect the market to do and since we are all the market... His quote made complete sense if you understand that in order to beat the market you first need to understand how it's beating you...
"The fun is in the hunt. Not the kill."
  • #1,045
  • May 4, 2017 11:43pm May 4, 2017 11:43pm
Quoting metta87
why are you beating around the bush sir ? what do you think the market expect of you ? simple question
"im not doing what the market expects me to do."

I'm only guessing, but I think he means that he wins because the 'market' expects him to follow the ineffectual strategies of many losing retail traders, but he does something different/unconventional.

[EDIT] Just noticed Redeflect's post (#1048), he explains it better than I did.
  • #1,046
  • May 5, 2017 12:39am May 5, 2017 12:39am
Trading is simple after you've learned from your mistakes. The hard part is realizing the things you are doing wrong... that is why most people will be unsuccessful. They don't know what they are doing wrong and it is difficult to find someone who can(nevermind is willing) teach you the proper way of doing things. I'm self-taught in that I learned by analyzing my own mistakes and learning from many different sources. There are many places to find bits and pieces of information. But understanding how and when to apply it demands wisdom.
"The fun is in the hunt. Not the kill."
  • #1,047
  • May 5, 2017 5:28am May 5, 2017 5:28am
Quoting CrucialPoint
Farewell and Good-Bye FF {quote} And so shall I... I've said good bye once, twice... I guess this will be the third and final good-bye (not due to FF or other OP)... I wish everyone the best and good luck in their trading. DO NOT GET SCAMMED Farewell and Goodbye. Peace, CrucialPoint
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no comment.....
  • #1,048
  • May 5, 2017 6:26am May 5, 2017 6:26am
Quoting CindyXXXX
{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...
Thanks! Very mature advice, but like you said is not going to appeal to those who are looking for a glamorous "AHA" moment.
  • #1,049
  • May 5, 2017 6:56am May 5, 2017 6:56am
Quoting shiva
{quote} Thanks! Very mature advice, but like you said is not going to appeal to those who are looking for a glamorous "AHA" moment.
Exactly right and it wouldnt have appealed to me either as a "4 year old"

Most of us came here to get high because normal avenues no longer provide that basic human need through work in the real world (generalization)

we simply cant avoid the filtering process of life no matter what we chiise to do

and thats what makes it so interesting and beautiful imo


Inserted Video
Time hides Nothing
  • #1,050
  • May 5, 2017 6:57am May 5, 2017 6:57am
Quoting CindyXXXX
{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...
Basically as I understand it you developed a method with a strong edge and then built your trade and money management around the idea that the system must survive even with 50% wr and 20 consecutive lossess?

Whatever your money management idea is, you need that juicy edge to begin with. Cutting risk (reducing SL as the markets agree with you) is one of the best idea to reduce probability of failure in the long run, but you obviously need a well defined strategy that gives you a decent probability that target X will be reached, then you need to design the strategy so that you are open to even better gains (letting your profits run).

Is not that easy.
  • #1,051
  • May 5, 2017 6:57am May 5, 2017 6:57am
Quoting BlueBird-MV
{quote} {image} {image} no comment.....
Thanks for your comment =p
Time hides Nothing
  • #1,052
  • May 5, 2017 7:00am May 5, 2017 7:00am
Quoting R3ta
{quote} Basically as I understand it you developed a method with a strong edge and then built your trade and money management around the idea that the system must survive even with 50% wr and 20 consecutive lossess? Whatever your money management idea is, you need that juicy edge to begin with. Cutting risk (reducing SL as the markets agree with you) is one of the best idea to reduce probability of failure in the long run, but you obviously need a well defined strategy that gives you a decent probability that target X will be reached, then you need...
Nailed it

"long run" are the only 2 words you needed to say. just like humans the market needs to sleep, eat and s***
Time hides Nothing
  • #1,053
  • May 5, 2017 7:12am May 5, 2017 7:12am
Quoting CindyXXXX
{quote} {quote} Sure, And the advice was quite simple but helped me immensely. I guess when you spend days in the "lab" like a mad acientist crafting some new plan of attack you build up kind of expectations based around your backtestimg and forward testing.. then of course you formulate your momey managememt rules/ risk per trade etc... So what I was told was to lower my expectations to a win rate of 50%... and allow for a loss run of 10-20 trades in a row... which sounded ridiculous at the time, my method on teating was winning 70% so why would...
Thank you for sharing your experience.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,054
  • May 5, 2017 7:14am May 5, 2017 7:14am
Quoting cisco92111
{quote} The simplest way to use indicators that i know can work is choosing a moving average or a few to determine the trend and then an oscillator like cci or rsi to tell you when to enter. for example if the moving average is going up, then you buy the market when cci or rsi comes out of the oversold zone and vice versa for selling the market. So basically what these indicators do is help you get in when price is oversold in an uptrend and when price is overbought in a downtrend.
Using those indicators in that way is exactly why some many lose at trading.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,055
  • May 5, 2017 7:16am May 5, 2017 7:16am
Quoting Redeflect
Trading is simple after you've learned from your mistakes. The hard part is realizing the things you are doing wrong... that is why most people will be unsuccessful. They don't know what they are doing wrong and it is difficult to find someone who can(nevermind is willing) teach you the proper way of doing things. I'm self-taught in that I learned by analyzing my own mistakes and learning from many different sources. There are many places to find bits and pieces of information. But understanding how and when...
Can you state your method in a simple, step-by-step fashion?

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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,056
  • May 5, 2017 7:17am May 5, 2017 7:17am
Quoting TooSlow
{quote} Using those indicators in that way is exactly why some many lose at trading.
Fixed that for you. All worthless distracting garbage. Every last one of them.
  • #1,057
  • May 5, 2017 7:17am May 5, 2017 7:17am
Quoting CindyXXXX
{quote} Nailed it "long run" are the only 2 words you needed to say. just like humans the market needs to sleep, eat and s***
I dont get your point here. What do you mean?

However i firmly believe you may know 100% that does not work in the markets and still have zero strategy to profits from them. Think about it.

Trading is a very stressful and unpredictable environment, unless you have a strategy that is completely or mostly automated with a decent edge, it's just not worth it in my opinion. I dont want to live my life around the markets (I did that) and while I could be profitable I want something I can automate and do the hard work for me.

This whole discussion reminds me of that study that found out a random entry strategy with a well adjusted trailing stop would have produced very good gains in the markets in the last 30 years. Random entries were in most cases more effective than indicator based. There are definitely hidden edges out there but connecting all the dots is hard in practice.
  • #1,058
  • May 5, 2017 7:23am May 5, 2017 7:23am
NFP in 6 minutes.
Gone to a better place
  • #1,059
  • May 5, 2017 7:28am May 5, 2017 7:28am
Quoting Kanzler
{quote} Fixed that for you. All worthless distracting garbage. Every last one of them.
I stand corrected.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,060
  • May 5, 2017 7:37am May 5, 2017 7:37am
Quoting BlueBird-MV
{quote} {image} {image} no comment.....

rough ride on those anyway....
Look Sharp/Trade Tight
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