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5 years and still no strategy

  • #1,501
  • May 15, 2017 6:32pm May 15, 2017 6:32pm
Quoting forexer801
{quote} sigh. the fact you see having 7 trades open as a bad thing tells me that you see risking 5% as a bad thing. but everyone has there own ways. bet you love CFD trading. you're exhausting, nothing more tiring than a moron that can't take advice, or learn. Go to a fund and say you risk 5% and you get laughed out the fucking building so you think we trade 1-2% because we have a lower win rate, no were just smarter, don't for a minute flatter yourself by thinking you're better because you risk more. it doesn't matter if you trade...
The arrogance of your message is a direct reflection of your ignorance.Stay humble, Successful traders are.Either give your advice humbly or go boost your ego someplace else.
Special one
  • #1,502
  • May 15, 2017 6:35pm May 15, 2017 6:35pm
Quoting fawzy
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...
This...^^^
  • #1,503
  • May 15, 2017 7:03pm May 15, 2017 7:03pm
The most important thing is that you have an edge. A lot of traders loosing consistently have MM.
Special one
  • #1,504
  • May 15, 2017 7:06pm May 15, 2017 7:06pm
Quoting TradeGenuis
{quote} I agree with your understanding of risk and your explanation. Thank you for sharing your very relevant knowledge. I know you are not a pattern trader but you quite understand something about patterns.One of my favorite plays is pattern trading, why? because of the small draw downs and the high returns it delivers. I have a pattern right 50% with a risk to reward of 1:4 . And I have a day trading strategy with a win rate 33% and risk to return 1:5 plus my cost of day trading is five times higher than my patterns. You do the math, I rather...
If your trade explorer is anything to go by then the math for you isn't looking good. You say you have a 1:4 ratio but you have missed the detail of you opening up to 9 trades on the same pair at the same time for what looks to be about 6.5 percent risk on the table for a few pips. If your win rate is 50 percent then it's highly likely you have blown many accounts. Is this why you are only showcasing an explore that's over a year old. It looks impressive but is far too small for a meaningful sample (It spans 3 days in which you opened 9 trades in batches)

How about showing some stats. It's not that I don't believe you, I have never seen those sort of stats being achieved consistently without accounts being blown.
  • #1,505
  • May 15, 2017 7:22pm May 15, 2017 7:22pm
Quoting EcoTrader
{quote} If your trade explorer is anything to go by then the math for you isn't looking good. You say you have a 1:4 ratio but you have missed the detail of you opening up to 9 trades on the same pair at the same time for what looks to be about 6.5 percent risk on the table for a few pips. If your win rate is 50 percent then it's highly likely you have blown many accounts. Is this why you are only showcasing an explore that's over a year old. It looks impressive but is far too small for a meaningful sample (It spans 3 days in which you opened 9...
I stopped trading the account over a year ago, too busy researching the markets. I remember at the time I was in the EUR/USD thread and some guys were asking me to post live results.
Special one
  • #1,506
  • May 15, 2017 7:32pm May 15, 2017 7:32pm
I was using one of my old plays back then, I have evolved since then and have developed more profitable strategies, many of whom I don't really use. I usually feel uncertain as to which one to adopt as my core. I think I get bored so I like doing something new every 1-3 years. Now working on several mean reversion strategies which is very contrary to what I have been doing for the last 5 years( trend following and trend continuation). I find mean reversion very interesting, I like the excitement of a losing position turning into a profit. I currently have 4 mean strategies I have found, what bores me is my indecision as to which one to use. I don't diversify strategies, I like to take one concentrated bet at a time.
Special one
  • #1,507
  • May 15, 2017 8:43pm May 15, 2017 8:43pm
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Very entertaining thread
Ecclesiastes 1:9
  • #1,508
  • May 15, 2017 8:47pm May 15, 2017 8:47pm
the pits just moved to the forums nowdays...what else is new..grow a thick skin

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  • #1,509
  • May 15, 2017 8:48pm May 15, 2017 8:48pm
Quoting TradeGenuis
{quote}I have a pattern right 50% with a risk to reward of 1:4 .
then you got the holy grail.
  • #1,510
  • May 15, 2017 9:09pm May 15, 2017 9:09pm
Quoting TradeGenuis
I have evolved since then and have developed more profitable strategies, many of whom I don't really use. I usually feel uncertain as to which one to adopt as my core. I think I get bored so I like doing something new every 1-3 years.
wow, you have many profitable systems, some of which you dont even use ? care to share at least one with me please ? here is another trader who got himself the holy grail just like you https://www.forexfactory.com/showthr...77#post9112077 80-85% winrate risk 1: 2 reward according to him
  • #1,511
  • May 15, 2017 9:37pm May 15, 2017 9:37pm
Quoting nealpek
Did anyone catch the gap in USD/JPY? Can't show you how many lots I trade, but this is my live trade right now. While many are arguing about risk %, how many setups there are, which is the right setup, whose shvance is bigger, opportunities are being missed. The gap tells me something interesting is happening, a change in market sentiment. As you can see, lots of entries to be had. Each line was drawn before price returned to that point based on the action at the time. Then I go get a sandwich, take a ride on the Kawi, pick up my dog's poop from...

Thank you Neal for the share.

Regards,
  • #1,512
  • May 15, 2017 9:47pm May 15, 2017 9:47pm
Hey ypierre, take what you can from the chart! What I'm showing with the black lines is just one way to trade the markets. There are 1000's of ways to trade the markets. Pick the one that's easiest and enjoyable for you, and one that makes sense. As I said, there are many ways to skin a cat, just pick one knife and keep sharpening it for maximum effect. Risk to my account is always small as I use tight stops because my method allows me to.
  • #1,513
  • May 15, 2017 9:53pm May 15, 2017 9:53pm
Quoting VEEFX
{quote} How long have you been trading this so called edge of a pattern ? Minimum 3 yrs I hope. My bet is still out there... there is NO edge in a market that last for more than 3 yrs on a single pair/TF. It just does not exists!
just curious my friend, by 3 years you mean like profitable monthly for 3 years or just 3 years net profitable?.
  • #1,514
  • May 15, 2017 9:55pm May 15, 2017 9:55pm
Quoting nealpek
Did anyone catch the gap in USD/JPY?
if you call it live next time, maybe some will catch it.
  • #1,515
  • May 15, 2017 10:01pm May 15, 2017 10:01pm
Quoting nealpek
Hey ypierre, take what you can from the chart! What I'm showing with the black lines is just one way to trade the markets. There are 1000's of ways to trade the markets. Pick the one that's easiest and enjoyable for you, and one that makes sense. As I said, there are many ways to skin a cat, just pick one knife and keep sharpening it for maximum effect. Risk to my account is always small as I use tight stops because my method allows me to.
Just feeling that i am heading in the right direction...Thanks...
  • #1,516
  • May 15, 2017 10:04pm May 15, 2017 10:04pm
Sorry I was out for dinner metta! I'll make sure I make announcements to the forex community about all possible trades to consider. Didn't realize I had such a huge responsibility. What I meant, as this is a trading forum, was did anyone capitalize on the USDJPY gap that occurred at the beginning of the session. My apologies...
  • #1,517
  • May 15, 2017 10:10pm May 15, 2017 10:10pm
Quoting nealpek
Sorry I was out for dinner metta! I'll make sure I make announcements to the forex community about all possible trades to consider. Didn't realize I had such a huge responsibility. What I meant, as this is a trading forum, was did anyone capitalize on the USDJPY gap that occurred at the beginning of the session. My apologies...
no need to apologize bro, waiting for your next calls tho
  • #1,518
  • May 15, 2017 10:14pm May 15, 2017 10:14pm
Quoting metta87
{quote} no need to apologize bro, waiting for your next calls tho
Hi Metta,
How much did you pay for that service?
Regards
  • #1,519
  • May 15, 2017 10:14pm May 15, 2017 10:14pm
Does anyone in this forum actually trade?
  • #1,520
  • May 15, 2017 10:18pm May 15, 2017 10:18pm
Quoting nealpek
Does anyone in this forum actually trade?
I do...
micro lots and losing.
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