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5 years and still no strategy

  • #1,081
  • May 5, 2017 11:10am May 5, 2017 11:10am
As far as I know, there are only 4 trades possible.

Trend :
Sell Stop - Sell Lows
Buy Stop - Buy Highs

Counter Trend:
Sell Limit - Sell Highs
Buy Limit - Buy Lows

In order to imagine the following better, imagine doing the following literally with the highs/lows of a D1 candle viewed from m5.

Ofcourse your lows/highs can be dynamic/discretionary such as support/ressistance or swing high/swing low. Or static as in example above. Personally I don't know of other possible things to be called highs/lows.
The truth is hidden from you
  • #1,082
  • May 5, 2017 11:14am May 5, 2017 11:14am
If one looks at the evolution of a bullish D1 candle from m5, its just a constant 1)update high 2)retrace away lower once high is determined for a while 3)go for the high again. Now at the point 3 you have three options - either the A) High wont be reached at all and price will fall lower again, B) Price will reach the high but retrace from it without updating it, C) Step 1 will be repeated.
The truth is hidden from you
  • #1,083
  • May 5, 2017 11:17am May 5, 2017 11:17am
We always over complicate everything lol.
Ofcourse things shouldn't be made simpler than they can be.
But what if the most common advice is to be taken literally?
Atleast for a change, for fun... for profit/loss ?
The truth is hidden from you
  • #1,084
  • May 5, 2017 11:22am May 5, 2017 11:22am
Attached Image
  • #1,085
  • May 5, 2017 11:28am May 5, 2017 11:28am
Quoting metta87
{image}
The best thing is that the followers of the guru's cult, will defend him blindy themselves. To them there are suckers who are not familiar with their guru, people who don't deserve to live because they "attack" their guru (by asking for trade explorers),geniuses just like them who just haven't practised enough the teachings of their gurus to be enlightened, and the mythical champions who trade profitably and are by a pure coincidence best friends with the guru.

The system is genius.
The truth is hidden from you
  • #1,086
  • May 5, 2017 11:35am May 5, 2017 11:35am
Quoting BlueBird-MV
{quote} {image} {image} no comment.....
Second screenshot, the holy grail mi amigo?
Read in between the price!!!
  • #1,087
  • May 5, 2017 11:40am May 5, 2017 11:40am
Quoting MaxenshteinD
{quote} The best thing is that the followers of the guru's cult, will defend him blindy themselves. To them there are suckers who are not familiar with their guru, people who don't deserve to live because they "attack" their guru (by asking for trade explorers),geniuses just like them who just haven't practised enough the teachings of their gurus to be enlightened, and the mythical champions who trade profitably and are by a pure coincidence best friends with the guru. The system is genius.
See Trader-Dale's thread: https://www.forexfactory.com/showthread.php?t=608433.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,088
  • May 5, 2017 11:44am May 5, 2017 11:44am
Quoting metta87
{image}

AN OPEN LETTER TO “STUPID” FOREX TRADERS WHO ARE STILL LOSING MONEY

So here are the exact rules you need to follow to NEVER lose, always stick to your rules, and always win in the long run.
Do not share your trading results

https://thepatterntrader.com/an-open...-losing-money/
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,089
  • May 5, 2017 12:13pm May 5, 2017 12:13pm
Quoting TooSlow
{quote} AN OPEN LETTER TO “STUPID” FOREX TRADERS WHO ARE STILL LOSING MONEY So here are the exact rules you need to follow to NEVER lose, always stick to your rules, and always win in the long run. Do not share your trading results https://thepatterntrader.com/an-open...-losing-money/
You again with your motivational quotes. First off, you linked to someone who sells training courses. Second, the people he talks about in that article, eg. Warren Buffet, have shown their trading results: one of the most successful companies and billions in profit (which by the way, is why people invest their money with him). What results can you provide?
  • #1,090
  • Edited 1:31pm May 5, 2017 12:50pm | Edited 1:31pm
Quoting jmn5611
I think this thread might be turning to a good direction. Trading is an awful lot like baseball. {quote} Market cannot be manipulated for the retail trader because we depend on charts. Whatever is going on, the chart will show it. Have you ever heard of the term "priced in" Manipulators cannot hide from the print.
The charts have anomalous movvement all the time. Just look at EUR/USD yesterday about an hour before the european market opened. There was a gradual/solid dip down for about 20 minutes after half a day of up-trending that broke a multi-day low before the price went up 100 pips throughout the day. When was the last time you saw a rapid large move during a low-volume period that broke resistance before heading in the entire opposite direction with no change in fundamentals? That's manipulation.

How about the fact that there's often large movements in the last 1-2 minutes of the hour(in the wrong direction) just before the 1h candles paint? It's to mislead and throw off the traders looking at the 1h+ candles. I haven't payed enough attention but it probably happens even more signifiantly every 4 hours. That's manipulation.

Not everyone is watching the tick charts/1m charts. The other timeframes get misleading information all the time.
"The fun is in the hunt. Not the kill."
  • #1,091
  • May 5, 2017 1:01pm May 5, 2017 1:01pm
Quoting TooSlow
{quote} That may describe your strategy but it does not describe it as a process. "... when the price is going to go..." - Describe knowing that as a process.
Learn physics and watch the price? Statistics and math will help you get there.

I mean.. shit... you're asking me to explain to you how to think. If you don't know how to do that by now then you'll lose at this game. The process is to have a brain and do what the human mind does which is to recognize patterns and elucidate connections between various stimuli.

Watch the TEDtalk:

david_eagleman_can_we_create_new_senses_for_humans

Then use your damn visual cortex to interpret the charts after watching it for hours a day for months.
"The fun is in the hunt. Not the kill."
  • #1,092
  • May 5, 2017 2:37pm May 5, 2017 2:37pm
Quoting newbegger
This is best thread I have seen in a while. It has something for everyone. Started by a trader contemplating quitting as a trader, something everyone has thought, maybe more than once! Then the the advice givers stepped in, many giving trade advice, opinions, and the don't give up speeches. After that, a virtual hockey game broke out where posters were going fisticuffs over each others opinions. Then it has settled into a relaxation thread where people post videos, some nice, some offensive, some hysterical. Now is has become more philosophical,...

Negative posts about forex will be first answered by the "commercial" element because bad publicity eats into their lunch, then sometime their bullshit will be called which leads into some rather entertaining posts, then when this phase dies down (the commercials give up) it's usually taken over the "we-all-talk-about-forex-profits-but-no-one-can-do-anything- about-it" crowd. Finally, the interest in the subject slowly goes down and the thread dies out.
  • #1,093
  • May 5, 2017 3:20pm May 5, 2017 3:20pm
There is only one way to trade; scalping the fundamentals as profitably as possible. Every other method is just a roundabout way of doing this more often than not. It's like saying that shooting a target with a machine gun is different from using a sniper rifle. At the end of the day the only way to hit the target is by pulling the trigger when the barrel of the gun is aimed at the target(and understanding wind resistance, ect.). How good your aim is and how often you miss is dependant on your skill from practice and your patience with filtering out the proper alignment.

The only other alternative is to use a bazooka. It's pretty hard to miss with a bazooka but when you do miss there will be many casualties. It's only effective in that you can hit multiple targets at once.
"The fun is in the hunt. Not the kill."
  • #1,094
  • May 5, 2017 3:54pm May 5, 2017 3:54pm
Quoting Redeflect
{quote} Learn physics and watch the price? Statistics and math will help you get there. I mean.. shit... you're asking me to explain to you how to think. If you don't know how to do that by now then you'll lose at this game. The process is to have a brain and do what the human mind does which is to recognize patterns and elucidate connections between various stimuli. Watch the TEDtalk: david_eagleman_can_we_create_new_senses_for_humans Then use your damn visual cortex to interpret the charts after watching it...
No, I am asking you to state how you trade as a process.
More waffling.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,095
  • May 5, 2017 3:55pm May 5, 2017 3:55pm
Quoting Lindman
{quote} You again with your motivational quotes. First off, you linked to someone who sells training courses. Second, the people he talks about in that article, eg. Warren Buffet, have shown their trading results: one of the most successful companies and billions in profit (which by the way, is why people invest their money with him). What results can you provide?
Read my threads.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,096
  • Edited 4:41pm May 5, 2017 4:05pm | Edited 4:41pm
Quoting TooSlow
{quote} No, I am asking you to state how you trade as a process. More waffling.
Already did. Repeatedly. If you can't make sense of it that's your problem. Go find somewhere else to troll. I have neither the time nor patience nor will to deal with your idiocy and teach you how to trade. Go find a pre-school teacher if you need someone to teach you basic life skills.

The idea that everything can and should be put into words to help you figure it out demonstrates both a lack of imagination on your part and your lack of a basic understanding of the real world.
"The fun is in the hunt. Not the kill."
  • #1,097
  • May 5, 2017 4:06pm May 5, 2017 4:06pm
Quoting TooSlow
{quote} Read my threads.
I already told you I searched the threads for a linked myfxbook or anything. If you could kindly provide a link to the posts then I'll never question your advice again.
  • #1,098
  • May 5, 2017 4:10pm May 5, 2017 4:10pm
Quoting Lindman
{quote} I already told you I searched the threads for a linked myfxbook or anything. If you could kindly provide a link to the posts then I'll never question your advice again.
The guy is just try to say what he want to say. Take it or leave it dude. He does not have to prove anything neither do you have to read what he has written

one more time... lol
tinyurl.com/veefx
Staying in my lane...
  • #1,099
  • May 5, 2017 5:31pm May 5, 2017 5:31pm
Quoting Redeflect
{quote} Already did. Repeatedly. If you can't make sense of it that's your problem. Go find somewhere else to troll. I have neither the time nor patience nor will to deal with your idiocy and teach you how to trade. Go find a pre-school teacher if you need someone to teach you basic life skills. The idea that everything can and should be put into words to help you figure it out demonstrates both a lack of imagination on your part and your lack of a basic understanding of the real world.
Attached Image


Never asked you to teach me how to trade.
Your refusal to do it verifies what Deming said.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,100
  • May 5, 2017 5:32pm May 5, 2017 5:32pm
Quoting Lindman
{quote} I already told you I searched the threads for a linked myfxbook or anything. If you could kindly provide a link to the posts then I'll never question your advice again.
There is no link.
I have posted a couple of trade reports.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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