5 years and still no strategy | Page 73 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies

strategy builder/tester for new scalping strategy 1 reply

Is opposite of losing strategy a winning strategy? 21 replies

After years in trading, do you still believe in get-rich-fast BS? 98 replies

Fozzy - still using after all these years 2 replies

Attachments: 5 years and still no strategy
Exit Attachments

5 years and still no strategy

  • #1,441
  • May 14, 2017 4:49am May 14, 2017 4:49am
The very idea of having a system/strategy/rule is self defeating.
  • #1,442
  • May 14, 2017 4:54am May 14, 2017 4:54am
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?

Took me 10 years... Probably I am a slow learner though.
I live entirely from the growth of my personal trading account
  • #1,443
  • Edited 4:48pm May 14, 2017 6:12am | Edited 4:48pm
Quoting GuyBaker
{quote} Took me 10 years... Probably I am a slow learner though.
Well I guess trading is not just about learning, everyone can learn trading in a matter of weeks, but its all about doing the right thing all the time, because there is no room for mistakes in trading, almost all traders just cannot do it right most of the time, why? its because of psychological instability, most traders especially newbies self sabotage their trading somewhere along the way.A trader can talk all the technical stuff that he knows but unfortunately trading is not just about knowing it is more about doing the right thing all the time.....
  • #1,444
  • Edited 8:19am May 14, 2017 8:01am | Edited 8:19am
Quoting VEEFX
{quote} yes but only for H1 based strategy which I surprisingly find not to be very profitable due to number of signals it generates. session open have no effect on H4 and above. I am usually asleep during london open as I am based in california.
That's a problem. Tokyo close / London open sets up the flavor for the day.

US is reserve currency so NY session takes seniority in the heirarchy. Which means you need to watch London open for first signs of... changes. For the precise reason you just described; most Americans are sleeping. (There's your golden goose)

It's hard to get robbed by the bank if the bankers are sleeping. There is only one time to rob a bank.
"The fun is in the hunt. Not the kill."
  • #1,445
  • May 14, 2017 9:43am May 14, 2017 9:43am
Quoting Redeflect
{quote} ...It's hard to get robbed by the bank if the bankers are sleeping. There is only one time to rob a bank.
Took you long enough to write your 1st post on FF.
  • #1,446
  • May 14, 2017 12:49pm May 14, 2017 12:49pm
VEEFX, you do not need to prove anything to anyone. I wasn't knocking you in the slightest, in fact I admire an approach for which I will never have the capacity! There is more than 1 way to skin a cat, as i have said before. If your style suits you and is achieving your goals, laugh at the world and enjoy....
  • #1,447
  • May 14, 2017 12:52pm May 14, 2017 12:52pm
Quoting nealpek
Which method do you prefer? {image}
What are those green boxes ? Are they showing high low close of segmented periods ?
The truth is hidden from you
  • #1,448
  • May 14, 2017 1:09pm May 14, 2017 1:09pm
VEE, me thinks you'll do just fine!!
  • #1,449
  • May 14, 2017 2:16pm May 14, 2017 2:16pm
Quoting shiva
The very idea of having a system/strategy/rule is self defeating.
Indeed.
No strategy is the best strategy.
When it starts to matter if the price goes up or down, you have already lost.
  • #1,450
  • May 14, 2017 2:22pm May 14, 2017 2:22pm
I remember a qoute said by Robert Prechter put it: "most traders take a good system and destroy it by tring to make it into a perfect system"
  • #1,451
  • May 14, 2017 2:32pm May 14, 2017 2:32pm
Quoting nealpek
Just some food for thought! It's not difficult to distinguish weak players from strong ones. It isn't whether or not you post trades, show your accounts, or have conviction about your methods.... it's all in the way you view the markets and describe them. I don't ever bash anyone's methods but do try from time to time to offer advice for those that are interested. Redeflect made an interesting point above about banks, but it was flawed. I know he wants no help, so skip this part. Banks never sleep. Everybody makes money while New York sleeps. If...
It's actually your understanding that is flawed. An abstract metaphor should never be taken so literally. I say 'bank' and you think 'Citigroup has offices all around the world! They're always awake!'.

The more perplexing part is that I said 'changes'. Please, explain what changes you think you are identifying on that chart with the funny blue boxes?

I already told you that you already think you know.
"The fun is in the hunt. Not the kill."
  • #1,452
  • May 14, 2017 2:33pm May 14, 2017 2:33pm
I remember a qoute said by Robert Prechter put it: "most traders take a good system and destroy it by tring to make it into a perfect system"
  • #1,453
  • May 14, 2017 4:56pm May 14, 2017 4:56pm
Quoting dukas_trader
{quote} TE is nothing, less then nothing. it shows nothing and can never. all whats important is the overall performance of someones money (all money: real estate, shares, forex, bonds,....). you can open 10 TE, have 3 big in plus and post it, and same time has 7 in loss and all together loss. post your good te and you will be the best here, and overall are nothing. because you will never know whats all together for this person, TE can never say anything. all whats count its overall performance of all money someone has together (and not in 1 account)....
TE can show FOREX performance. I think if you have great profit factor that proves you can trade.

Come on dukas just do one for us. Just one bit of proof i dont care about ya bonds and stocks just forex performance.
  • #1,454
  • May 14, 2017 6:06pm May 14, 2017 6:06pm
Quoting WolGod
{quote} TE can show FOREX performance. I think if you have great profit factor that proves you can trade. Come on dukas just do one for us. Just one bit of proof i dont care about ya bonds and stocks just forex performance.
remember me in 10 years, when you got some experience, got some money, got met really important people,..

then you will laugh about this and you will understand.

i shall show you how to trade? i trade on the limit of the market volume at the moment when i go in or out the market, so its enough when brokers know it, i dont need any other to reduces my winning chances and i dont want to change the ways only because proof something that not nescessary (you really will learn it sometimes). by the way, you use this small brokers that can be used with TE? really? then you cant hold many millions in it, because most dont accept custodian services. maybe its really best we speak next time when you got more experience, at the moment its like i tell you basics you cant accept/understand because you never heard about basics of trading (you was teached by very simple unexperienced teachers by the way, looks they missed to tell you at least basics!, so dont tell all the time this was good people with market knowledge, its impossible that this was the case if you always write such textes with bigger mistakes!).
  • #1,455
  • May 14, 2017 6:45pm May 14, 2017 6:45pm
Quoting Mingary
{quote} When it starts to matter if the price goes up or down, you have already lost.
How cool is that....
  • #1,456
  • May 14, 2017 7:02pm May 14, 2017 7:02pm
Quoting fawzy
I remember a qoute said by Robert Prechter put it: "most traders take a good system and destroy it by tring to make it into a perfect system"
This is great.. and my favorite book author - as I trade based on EWT.. another good quote from a famous trader - or at least I think attributed to him (Bill Williams - awesome oscillator and fractal theory guy) is - "The holy grail of trading -- want what the market wants."
Wave-Trader- Charts as DocHolliday on Tradingview also
  • #1,457
  • May 14, 2017 7:27pm May 14, 2017 7:27pm
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?
If you are going to stick with this game - you really you need to trade opportunities.
At the moment you are trading thinking its 9-5. The risk/reward is not worth it
The best opportunities come from the news and certain economic releases- look at the US CPI figures on Friday
Is there an easier trade in the whole world
Or you could just give the money to a copier.

Good luck with whatever route you choose
  • #1,458
  • May 14, 2017 7:28pm May 14, 2017 7:28pm
Jesus Loving Christ!!!! This is my discovery: A lot of forex traders have serious mental issues and thank goodness for forex keeping them busy or else they would have been vicious psychopaths secondly, if I had a strategy churning out millions I won't post a damn proof on a forum you best believe that.

Quoting dkrock
{quote} LOL.
Thirdly if you are a successful almighty trader and not willing to teach those who approach you, dkrock this one is for you, there is a place for you it's called Central London were real successful traders have tea so stop polluting this forum with your stupid ego, why you have subscribers baffles me, you post absolute nonsense mostly.


Read in between the price!!!
  • #1,459
  • May 14, 2017 9:14pm May 14, 2017 9:14pm
Trading runs contrary to human nature.Last week I was right only 20% of the time and I hardly lost money.I risk 5% per trade and closed the week with -3%, and I was right only 20% of the time, one of my worst weeks. I guess it's hard for traders to forget about their win ratio, or to keep going when everything seems not to be working.
Special one
  • #1,460
  • May 14, 2017 10:54pm May 14, 2017 10:54pm
Quoting dukas_trader
{quote} remember me in 10 years, when you got some experience, got some money, got met really important people,.. then you will laugh about this and you will understand. i shall show you how to trade? i trade on the limit of the market volume at the moment wh en i go in or out the market, so its enough when brokers know it, i dont need any other to reduces my winning chances and i dont want to change the ways only because proof something that not nescessary (you really will learn it sometimes). by the way, you use this small brokers that can be...
Huh? My broker will happily let me have a $2 million account
and i was taught by a quant who is the consultant to the biggest banks in the world. None of what you say makes any sense. You said volume was a joke yet now you saying you trade it. First smart thing youve ever stated though.
If you have ALL this volume to get into the market? Why not iceberg then?
2 traders viewing now