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Wiz Index

  • #261
  • May 8, 2017 3:21pm May 8, 2017 3:21pm
Quoting Pip-Miner
{quote} I left mine open, see what happens. Happy trading tomorrow Wiz
I hope you get lucky Pip-Miner, I just couldn't take the risk.
Indentify > Plan > Accept > Execute
  • #262
  • May 8, 2017 6:05pm May 8, 2017 6:05pm
Quoting josh11
Here is a couple of trades from tonight on UJ 1m: {image}
josh, what is your tp? 1.5 pip?
  • #263
  • May 8, 2017 10:42pm May 8, 2017 10:42pm
Quoting mario777
{quote} josh, what is your tp? 1.5 pip?
Depends on market and condition, but mostly I have a 2 pip tp! GL
  • #264
  • May 9, 2017 5:23am May 9, 2017 5:23am
Hi Wizlon, incredible how much drawdown you can handle . But the way of trading with volume inspired me to test it in combination with my own trading.
Thanks for the shared information.
Today for the Londen trading window i use i saw 3 trades on the EURUSD M5 chart and 2 on the GBPUSD M5 chart.
Took 2 trades on EURUSD and 1 on GBPUSD.

https://www.screencast.com/t/EbtqesPm0
  • #265
  • May 9, 2017 5:39am May 9, 2017 5:39am
Hopefully changes direction , and wiz get a out small profit. He has another 40% or less with margin included before margin call currently.
  • #266
  • May 9, 2017 5:42am May 9, 2017 5:42am
I dont understad why you use tick volume. It tells you how much times a candle changes the price in the current timeframe. I dont think you can make a profitable system based only on this almost usless information.
  • #267
  • May 9, 2017 5:51am May 9, 2017 5:51am
Wizlon32,

When you get out of this current basket of trades, make the spacing or grid a bit wider on your trades. You're likely to run into issues having too much leverage out to close together. Yes, this means you can get out of trades sooner but it also means when a trade goes against you, your in trouble quickly.

Best of luck!
  • #268
  • May 9, 2017 5:51am May 9, 2017 5:51am
Pure martingale
  • #269
  • May 9, 2017 5:52am May 9, 2017 5:52am
Quoting syntax
I dont understad why you use tick volume. It tells you how much times a candle changes the price in the current timeframe. I dont think you can make a profitable system based only on this almost usless information.
Have you ever had a 9000% real $$ return?

These kind of know-it-all random people always pop up when a trade explorer starts to show losses.
Dragon Rider
  • #270
  • May 9, 2017 6:01am May 9, 2017 6:01am
Quoting barloc
{quote} Have you ever had a 9000% real $$ return? These kind of know-it-all random people always pop up when a trade explorer starts to show losses.
I dont say this because he has losses on the explorer. This is luck. He dont even have a money management system. His trading is based on emotions. emotions are not helpfull in odds games like the forex. this will not go to 20.000% he will lose all money soon if he continue like that
  • #271
  • May 9, 2017 6:04am May 9, 2017 6:04am
Quoting barloc
{quote} Have you ever had a 9000% real $$ return? These kind of know-it-all random people always pop up when a trade explorer starts to show losses.
True , you need to read the PDF to understand why someone like wiz and others , including myself like volume . No point making random comments.
  • #272
  • May 9, 2017 7:38am May 9, 2017 7:38am
Attached Image
  • #273
  • May 9, 2017 8:01am May 9, 2017 8:01am
Quoting wizlon32
{quote} ........ I am starting to think that the best thing I could do might be to remove my trade explorer.
The funniest, is that nobody takes me seriously.
  • #274
  • May 9, 2017 8:02am May 9, 2017 8:02am
Quoting syntax
I dont understad why you use tick volume. It tells you how much times a candle changes the price in the current timeframe. I dont think you can make a profitable system based only on this almost usless information.
Syntax, you have to remember volume moves market. Granted volume data is limited in spot FX but I will make this point: Although Forex only shows ticks up or ticks down, as opposed to futures where you see real volume (futures trader here). You have to remember how the market makers operate and move price, they do not take one huge position, they space their orders across several small iceberg orders (for liquidity and to prevent slippage). So the nature of the market makers allows tick volume to be perfectly adequate for spot forex, although not perfect, I would say it can still provide an edge.
  • #275
  • May 9, 2017 8:16am May 9, 2017 8:16am
Quoting syntax
I dont understad why you use tick volume. It tells you how much times a candle changes the price in the current timeframe. I dont think you can make a profitable system based only on this almost usless information.
I posted a chart earlier in the thread (post #191). Take a look at it.

These volume spikes around key areas happen every day across all pairs. It is not just by chance that this is happening. It helps to give you an idea on how the markets really work.

Even if you use a very different system it is still very helpful to be aware of these things. To dismiss it as easily as you have is, I honestly think, a mistake.
  • #276
  • May 9, 2017 8:26am May 9, 2017 8:26am
Quoting Pent56
{quote} I posted a chart earlier in the thread (post #191). Take a look at it. These volume spikes around key areas happen every day across all pairs. It is not just by chance that this is happening. It helps to give you an idea on how the markets really work. Even if you use a very different system it is still very helpful to be aware of these things. To dismiss it as easily as you have is, I honestly think, a mistake.

I had a look at the Wizlon's system. It has potential but just like with any system, weaknesses are evident. Watching market volume is a good indicator but the problem is it's just volume. We have no idea which direction the "volume" will take the market till it's already moved. This in turn means it's very easy to get in on the wrong side if you don't guess the right direction.

Also, Wizlon32's trades are too close together which means if he's wrong on his initial direction he doesn't have a lot of room to recover.
  • #277
  • May 9, 2017 8:41am May 9, 2017 8:41am
Quoting Cubbybgood
{quote} I had a look at the Wizlon's system. It has potential but just like with any system, weaknesses are evident. Watching market volume is a good indicator but the problem is it's just volume. We have no idea which direction the "volume" will take the market till it's already moved. This in turn means it's very easy to get in on the wrong side if you don't guess the right direction. Also, Wizlon32's trades are too close together which means if he's wrong on his initial direction he doesn't have a lot of room to recover.
I think we need to remember that Wizlon has never potrayed this thread as a trading system thread. In fact quite the opposite:
Quoting wizlon32
{quote} Hello Davyman003, My intention when opening this thread was not to teach anything and I am not going to turn it in to the type of thread that appears in the Trading Systems forum. However I will continue to post trades and offer insights in to what I do which I'm sure you will be able to learn from if you want. I don't claim to be any kind of expert though so although my trade explorer is visible I do not recommend that you copy my trades blindly.
Personally, when I trade using volume (I do trade other methods as well) I use it as one tool in the toolbox. I am also looking at key levels (BRN's & S/R) and price action.
  • #278
  • May 9, 2017 8:51am May 9, 2017 8:51am
wizlon, you're up like a billion percent, you've withdrawn your original deposit. you're waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay ahead of the game than most of these losers. keep it up man. fuck the haters!
  • #279
  • May 9, 2017 10:05am May 9, 2017 10:05am
Quoting hilmy83
wizlon, you're up like a billion percent, you've withdrawn your original deposit. you're waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaay ahead of the game than most of these losers. keep it up man. fuck the haters!
calm down dude
  • #280
  • May 9, 2017 10:09am May 9, 2017 10:09am
wow very impressive result
keep it up!
just believe in what you are doing

and i think it doesn't really matter what indicator or strategy one use
hundred traders may have millions methods/strategies
you may think his method is strange
but the only thing matter is whether it makes profits or not

but i agree with Cubbybgood
maybe the initial positions are too close so it is difficult to turn around if the situation went wrong
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