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5 years and still no strategy

  • #1,421
  • May 13, 2017 6:30pm May 13, 2017 6:30pm
Quoting VEEFX
{quote} Let's try this again. I have a strategy that works in all markets ranging and trending and it does not involve buy low sell high or sell high buy low or buy high sell low or sell low buy high but it has zero relation with me knowing or having an edge. Edge is something you can exploit for a long time. I have no edge what edge I am exploiting when my stats show 2 weeks in Feb and April as profitable for pass 4-5 yrs. If anyone has an edge, I would be happy to see some responses to https://www.tinyurl.com/veefx without revealing...
Sorry I came in the middle of the conversation. Edge? Do do you mean a niche? Like you know loyds bank are selling gold at 3pm everyday?
Or edge as in education?

Imo having an 'edge' like timing trades for us retailers is only going to end in tears. Niches happen for awhile but then change. Why chase these? Not saying you do im just saying theres only one way to trade and thats knowing the TIMELESS ART of buying and selling. Auctioning of price and volume thats all it is and all it ever will be. Understand MMs accumumalations role in all this and you are golden.
  • #1,422
  • May 13, 2017 6:44pm May 13, 2017 6:44pm
Quoting trickshady
{quote} Yes, there is a secret edge. Any edge someone uses that you don't know about, would be a secret to you. If you don't have a strategy that works ALL THE TIME in all markets, all conditions and all time frames, then you don't have a winning strategy in the long run. These are the 3 main things I look for when creating a strategy. After all there are only 2 possible ways you can trade - range (buy support, sell resistance) and trend (buy/sell pullbacks). But at the end of the day your goal is the same in all markets, market conditions, and...
There are several strategies that work each and every day.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,423
  • Edited 7:37pm May 13, 2017 7:23pm | Edited 7:37pm
Quoting VEEFX
{quote} Yes.., an edge as a niche, a pattern, a price Anatoly, a setup, a secret indicator or PA or FA or formula or whatever....
Talking about patterns this one has been like the sunrise for a good while...we can have fun observing how long it lasts.

If one could find a temporary edge (of say 5 - 15 yrs lifespan) one could retire rich.The market was here before us & it'd be here after
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  • #1,424
  • May 13, 2017 7:30pm May 13, 2017 7:30pm
Quoting nealpek
Here is a piece of info. time frame doesn't matter, instrument doesn't matter. Where is price going next, and how would you trade it? Don't be shy!! there are no wrong answers. {image}
That is the only info im able and willing to derive from the data on the image.
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The truth is hidden from you
  • #1,425
  • May 13, 2017 7:35pm May 13, 2017 7:35pm
Quoting VEEFX
{quote} ... It gets boring very soon after a while. Boredom and tiny success rate creates introduction of automation and MM resulting in edge decay. Been there and done that.
Hahaha, spot on, thats why I substituted *trading* with *observing*
  • #1,426
  • May 13, 2017 9:54pm May 13, 2017 9:54pm
Quoting RondaRousey
{quote} If it is as simple as buy low sell high, sell high buy low ... then why are you a losing trader? When exactly is it low for a buy to sell high? When exactly is it high to sell and buy low? When you perceive the price of something is low, many others will think it high...so tell me who is right?
The one that's been around the block long enough to not be wrong. Of course.
"The fun is in the hunt. Not the kill."
  • #1,427
  • May 13, 2017 10:28pm May 13, 2017 10:28pm
Quoting RondaRousey
{quote} If it is as simple as buy low sell high, sell high buy low ... then why are you a losing trader? When exactly is it low for a buy to sell high? When exactly is it high to sell and buy low? When you perceive the price of something is low, many others will think it high...so tell me who is right?
The reason why most traders can't make it is because of their own psychology. Beating the market is easy, but beating yourself is not! That's my last obstacle and it is the biggest mindfuck I have ever experienced in my life.
  • #1,428
  • May 13, 2017 10:29pm May 13, 2017 10:29pm
Quoting VEEFX
{quote} I have this strategy with universal entries and exits ignoring all market conditions and levels BUT THERE IS NO EDGE OTHER THAN ME KNOWING HOW THE CURENCY MARKET WORKS AND BEHAVES AND INTERACTS TO BUSINESS AND ECONOMIC CYCLES.
Surely by the time you have figured out what business cycle we are in you are too late as a retail trader?
  • #1,429
  • May 13, 2017 11:00pm May 13, 2017 11:00pm
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?
i think u should try trade just 1 currency chart with high votality currency like gbp/jpy. the strategy is to find votality in daily bar. 220 pips movement in 1 daily bar to indentify the trend. pending order on 220 pips movement from highest price(sell op) or lowest price(buy op).. try to train ur self with older chart history. sometimes this stragey make u wait 2 months without open position. stop loss around 200-300 pips .. take profit around 300 pips- 1000 pips
  • #1,430
  • May 14, 2017 12:54am May 14, 2017 12:54am
Quoting RondaRousey
{quote} I have said it many times. Humans are not wired to win at trading! You may think it is as easy as buy low sell high but in reality: when you buy it goes down when you sell it goes up this happens more often than not and you end up being another losing trader.
No animals are wired to perceive their own transience. The wiring as to be done out of an act of will.

So, why not buy before it goes up and sell before it goes down? :-)
"The fun is in the hunt. Not the kill."
  • #1,431
  • May 14, 2017 1:02am May 14, 2017 1:02am
Quoting VEEFX
{quote} I said my entries are universal across all pairs and all timeframes and all market conditions. What does that mean? Am I early or late? I said I enter small size. What does that mean for my account? large drawdown or small? I said i make use of the law of large numbers. What does that mean in regards to timing of my entries? I said I ignore wicks. What does that mean in regards to market noise? I said my exits are universal also. What does that mean to the timing of my profit taking? I said I do not anticipate and then enter. I enter and...
1. Neither because the universal timeframes encompass both early and late
2. Depends on how often you are wrong.
3. You have about a 50-50 chance of being on time
4. It means you don't know how to listen to the market to enter on time(Beginning of your mistakes)
5. It means you don't know how to listen to the market to exit on time(End of your mistakes)

I don't really need to chase down the rest. We've already found your problem. The problem is you're anticipating too much and staring too little. Try analyzing a little more. There's value in it if you think outside the box.
"The fun is in the hunt. Not the kill."
  • #1,432
  • May 14, 2017 1:12am May 14, 2017 1:12am
Quoting VEEFX
{quote} I said my entries are universal across all pairs and all timeframes and all market conditions. What does that mean? Am I early or late? I said I enter small size. What does that mean for my account? large drawdown or small? I said i make use of the law of large numbers. W hat does that mean in regards to timing of my entries? I said I ignore wicks. What does that mean in regards to market noise? I said my exits are universal also. What does that mean to the timing of my profit taking? I said I do not anticipate and then enter. I enter...
lol interesting post. So if you dont use charts how do you enter and how do you calculate risk? Time? Is this gann?
  • #1,433
  • May 14, 2017 1:25am May 14, 2017 1:25am
to succeed, you have to understand thoroughly about 74,659 strategies.
Forex Philosopher
  • #1,434
  • May 14, 2017 1:39am May 14, 2017 1:39am
Quoting VEEFX
{quote} How do I Enter - via identifying 4 different phases of trend. Probing at Trend continuation phase and Trend Reversal Phase and stacking/adding at Trend continuation confirmation and Trend Reversal confirmation phase Calculate Risk - Managed at the account level via close all @ 2% during Active and 5% (catastrophic loss during iliquid session (of AccountEquity). Each position varies between 0.10% - 0.25% with stops a min of 80-120 pips away on H4 and above. SL moved to BE at signal 'survival' confirmation on the intended timeframe. All positions...
Ouch my head. You are a much smarter man than I. So you use line charts then? Well you are trading with strength which is great and seem to ignore the BS of fibs, gann and waves which is good ... but you do seem to say "pips' a lot for risk whch is bizzare... anyway ... if successful on 1hr, why not trade intraday 5m charts? do you make 1:1 much? do you get break evens a lot? And do you hold multiple pairs at once?
  • #1,435
  • May 14, 2017 1:42am May 14, 2017 1:42am
Quoting VEEFX
{quote} Again... there is a fundamental behavior that happens on each pair in currency market. It HAS to happen because of the dual battle nature between the two currency/economies (except for pegged currencies) . I only exit at close with either profit (trend) or loss(trend) if my TP/SL are not hit (Range). Whatever happens in between is the market's will. Why bother :- EDIT: if it is not clear, if just a couple of pairs of a country succeeds in any of hte trend phases, I am milking more than the rest of the pairs that are being manipulated or...
This is a good post. Theres a lot worse out there. Letting go of the outcome is smart. So I assume you do trend analysis, see what cycle were in, some news sentiment then basically enter a few pairs that will best take advantage of this not worrying about entry as much letting the market naturally go bull/bear by the close of a session. Not bad. Defo seen worse.
  • #1,436
  • May 14, 2017 2:02am May 14, 2017 2:02am
You should post a video of your day VEEFX sounds intense. We are all human but have different needs and wants. Yours is extremely hellish and tiring to me but you obviously love that!! i could never do it just as I think youd be as tired with boredom doing my strategy. Interesting. Thanks for sharing
  • #1,437
  • May 14, 2017 2:56am May 14, 2017 2:56am
Quoting VEEFX
{quote} I think it is because Weekly is the ONLY official Market Close in FX. Every other timeframe introduces inconsistencies across brokers and their price feeds {image}
I like to think of my performance on a weekly basis. When you went through all the currencies did you find most movements at asia London and us open times? the first 3 hours of them?
I don't understand quite what you do but I'm wowed by your passion for it.
  • #1,438
  • May 14, 2017 4:07am May 14, 2017 4:07am
There are huge number of trading strategies. Some depends on supply and demand, others are based on oscillators, trend following indicators, wave counting. But the most important is the money management. It will help you stay in the market. If you master money management and control your feelings you have to try to build your own strategy. It is related to your character. And to be honest, there is not single unique trading strategy that will give you money all the time. Your startegy will be updated, modified and even changed every period of time and you may back again to your old strategy. This is because the market is not stable and change from trend to oscillation every while.
So, what you need is to build a strategy and modify it every while. Change it when needed, but don't take a trade that is not acceptable to your system. Don't let your feeling controls you. And be patient.
uuu
  • #1,439
  • May 14, 2017 4:14am May 14, 2017 4:14am
Quoting Master-Mind
to succeed, you have to understand thoroughly about 74,659 strategies.
In a simple and small phrase "screen time"
The funniest, is that nobody takes me seriously.
  • #1,440
  • Edited 12:25pm May 14, 2017 4:17am | Edited 12:25pm
Quoting RondaRousey
{quote} My apologies but you post complete garbage. I had to reply. For example from your thread: Proverb #3. Getting only one third of a move will make you ridiculously rich. Go back to your stupid thread and stay there. And continue to show pictures of helicopters that is your valued contribution. Your understanding of the markets is delusional. More from your thread: I am considering buying an island and so was looking at transportation options. I have flown Cessna's, but never a helicopter. I figured if I added floats it would be more versatile...
LOL. Personal attacks on someone you do not know? WOW! If you don't like my thread, don't read it, lol. I guess you didn't see my other one where I posted charts using 1 simple indicator from my template. That is okay. You are not the first trash talking troll on FF.

It is okay if you don't get it. It is based on business measurement designs, so unless you are a business analyst, you have no idea. No problem. I saw some famous trading quotes one time in a video and one of the old traders said he got rich by taking the money from the middle of trades. It simply means you make money on vertical movement, not at the top and bottom where prices tend to go flat. If you target the actual movement zone, you make consistent money. Sorry that went over your head.

Good Luck with your libel, insulting, and cyber bullying. Sorry you do not like my helicopter question, but hey, it is my thread, and apparently, none of your business. A negative opinion from you, or no opinion from you = same thing.
You cannot be extraordinary by being normal
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