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5 years and still no strategy

  • #1,941
  • May 20, 2017 1:31am May 20, 2017 1:31am
Quoting hicosoft
{quote} I do not sell my software algorithms. I do sell my tools and strategy. Same as every single software developer (e.g. Microsoft) is selling their products. It requires quite different skills to teach university students how to design airplane and flight one. Same difference might be between born to be a software engineer and born to be a trader.
Do you have a preview video of your trading strategy?
This is not investment/trading advise. Will not hold accountable for loss
  • #1,942
  • May 20, 2017 1:38am May 20, 2017 1:38am
Quoting yousername
{quote} Market respected the SR with dojis and several long wick candles which followed with a strong bullish candle. {image}
If i trade naked.
I use those consolidations as SR.

What is consolidation?
consolidation
kənˌsləˈdāSH(ə)n/
noun

  1. 1.
    the action or process of making something stronger or more solid.
    "the permanent consolidation of peace"

Keyword: Strong/solid ground or SR

Attached Image (click to enlarge)
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This is not investment/trading advise. Will not hold accountable for loss
  • #1,943
  • May 20, 2017 1:50am May 20, 2017 1:50am
Wait a second, I don't have a strategy, I don't even have a method, and the only code I have is a program I wrote in Basic to balance my checkbook...shit, I better get busy this weekend....
Look Sharp/Trade Tight
  • #1,944
  • May 20, 2017 1:58am May 20, 2017 1:58am
Quoting yousername
{quote} Do you have a preview video of your trading strategy?
If you sign up for 7 day Free Trial, you will get access to 70 min. videos of tools presentation and 30 minutes of basic chart analysis.
You will see basic signals generated on a chart and calculation of price targets.
The "basic" means that you will see stuff not available anywhere else. Along some elements of my strategy are presented.
Just go there (add .com to my user name) and read through it - you should easily figure out what is it about.
  • #1,945
  • May 20, 2017 2:03am May 20, 2017 2:03am
I think and i deeply believe that mastering S/R level alone is enough to be a successful trader. After mastering that, mastering a reversal pattern, candlestick pattern, divergence/convergence and volume trading are the next important stuff after S/R.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,946
  • May 20, 2017 2:07am May 20, 2017 2:07am
Quoting yousername
I think and i deeply believe that mastering S/R level alone is enough to be a successful trader. After mastering that, mastering a reversal pattern, candlestick pattern, divergence/convergence and volume trading are the next important stuff after S/R.
Most of the time these reversal pattern, trend continuation pattern, candlestick pattern, low/high volume candle, divergence/convergence appears at or near these S/R level. That is why i emphasised to master the S/R level before anything else in order to have a valid signal.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,947
  • May 20, 2017 2:10am May 20, 2017 2:10am
Quoting yousername
{quote} Thanks for the advise and feedback mate. I really appreciate it. I will look at it immediately. Anyhow, that was my mistake, didn't pay attention to that particular little thing which is a S/R level. In my trading strategy, I have to pay attention to this little thing as S/R level. {image}
Like this one... I failed to identify that particular SR which was a retracement. If i had noticed that, i'd TP immediately.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,948
  • May 20, 2017 2:30am May 20, 2017 2:30am
Quoting RondaRousey
{quote} Come on GURUS and freakout answer: Tell me when a trend starts and when a trend ends? If you are using candlesticks show me how a candlestick determines when a trend starts and when it ends. Also tell me are trends random or predictable? No TE required. There is no right or wrong answer.
I believe that trends are both random and predictable.

For the ease of explanation I'll focus only on bullish trends.
For me a trend is a series of up and down swings. A successful bullish trend will have larger distance in pips from the begging of the bullish swing and to its end (when the price reverses) and noticeably smaller distance of pips in distance from start to end of the bearish swing.
Now those swings are also micro trends of their own.
In other words there would be much more up ticks rather than down ticks : in a minute, 10 minutes, hour, or the entire day.


But the actual trend, is an effect rather than cause.
We might never know all of the causes. But do we need to ? We do know though an approximate time when major banks of the fx world start operating and close (as we traders call them market sessions). What happens at the session's open I guess, is a cluster of awaiting orders (I believe I also saw some people calling session opening times - volatility clusters) , and through the price discovery process the trend beggins. Forming in a structure similar as I have described above. If it was a bullish trend, than there are possibilities of a price making a retracement lower due to profit taking at the close of the session.

Simply put - A bullish trend is the price movement specifically upwards from the the reference point price of its origin. Most origin points can be expected at session oppenning times. It simply shows a collective action of smart money driving price in one direction. We as small retail traders can't create trends, therefore the only way for us to profit is by being parasitic traders, riding the trend created by the work of smart money. However its better to jump on the train before it leaves. Which direction ? Even though there are edges which will improve the likelihood of going one sirection over the other. Its still close to impossible to predict with ideal consistency.
The truth is hidden from you
  • #1,949
  • May 20, 2017 2:44am May 20, 2017 2:44am
Quoting VEEFX
{quote} Dude - The two in bold don't belong together in one sentence. Either you know it or you don't :-)) good luck with SR levels, patterns, divergence crap and what on earth is volume trading?
Believe in term of hypothetical.
Think in term of findings
Lol thanks mate. you too. Im still learning volume
This is not investment/trading advise. Will not hold accountable for loss
  • #1,950
  • May 20, 2017 2:45am May 20, 2017 2:45am
Trends are also Ponzi Schemes as Tunera put it (this quote is copied from Tunera entirely)-
"ponzi scheme:
- early investors join the scheme.
- the scheme grow up, absorbing more and more investors.
- the more investors join, the bigger the scheme grow, the bigger the profits for the (early) investors.
- when there are no new investors, the scheme stop growing, and investors go for the exit.
- who exit late pay. (late exiters losses = profiters profits).



trend:
- early investors join the trend.
- the market go in the trend direction, attracting more and more investors.
- the more investors join, the bigger the trend grow, the bigger the profits for the (early) investors.
- when there are no new investors, the trend stop growing, and investors go for the exit.
- who exit late pay. (late exiters losses = profiters profits)."
The truth is hidden from you
  • #1,951
  • May 20, 2017 2:55am May 20, 2017 2:55am
Quoting VEEFX
{quote} "I believe that trends are both random and predictable." Leaving timing of key news events aside, I believe trends start/end are random and appear to be predictable only if one looks at charts. All I can do is - participate with the hope that trend will start/continue - add with the hope that trend will continue further. - Multi timeframe and multipair analysis to get help from the market to push price in your favor (or against my favor) - That's all there is to it....coupled with overal position, exposure, risk, money, margin, entry/exit...
Agree
This is not investment/trading advise. Will not hold accountable for loss
  • #1,952
  • May 20, 2017 2:58am May 20, 2017 2:58am
Quoting RondaRousey
{quote} hope does not make you money. How do you ensure it does?
It can if it it is grounded on a sound strategy and analysis which those things sometime can be relative. Beauty is in the eyes of the beholder same apply to profits or making money.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,953
  • May 20, 2017 3:00am May 20, 2017 3:00am
Quoting RondaRousey
{quote} So is trading an art or science? which one prevails?
Art is also a science. And science could also be art.

Trading is a science, there are quantifiable variables which offer an opportunity to be exploited (for example volatility clusters at a well known constant point of time such as session oppenning times). Or there also theories such as the Dow Theory which attempt to describe the properties of the trend in a somewhat scientific way.

Now its also an art because because different traders will add something of their own to the methodology. People with slightly different methodologies might get the same entry signal. However person A might exit in a profit of 53 pips, while the other will exit at 5 pips.

And here are my believes
Do profitable traders consider trading as a science ?
yes.

Do profitable traders consider trading as an art ?
In a way yes

Do profitable traders treat trading as an art?
No

Do brokers want us to consider trading as an art which is the reason why so many people cluster their charts with illogical bs and sit behind their computers all happy cause a book told them that as long as their psyhology is strong, they can artistically doodle their way to the riches ?
Yes!!!!

Personally I think that trading should be scientific mainly, but a tiny ammount of the "art" in the process depends on the definition of art. If you define Art as a skill required to deal with somewhat discretionary discipline at times, than yes, if a trader lack knowledge/resource to quantify something than his aproach to it would be more like an art in the definition above.

However if by art you mean, doing whatever creative bs... than I only know that most failed traders could perhaps make a future in modern art. Just look at what those guys use in attempts to capture profits out of the market. Their charts look as if they were drawn by a 6 year old who dreams to be a cool guy working at a stock exchange.
The truth is hidden from you
  • #1,954
  • May 20, 2017 3:06am May 20, 2017 3:06am
Quoting RondaRousey
{quote} if you rely on hope to make trading profits you are doomed.
I didnt say rely only on hope or blind faith. But hope that is grounded on many other things that i mentioned.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,955
  • May 20, 2017 3:07am May 20, 2017 3:07am
Quoting RondaRousey
{quote} if you rely on hope to make trading profits you are doomed.
On the other hand, the only way to find out if price will make that move which we hope it does. And have a chance of getting money out of it. Is simply to bet on it, while attempting to minimise loses and ride the move if it sets of.
The truth is hidden from you
  • #1,956
  • May 20, 2017 3:09am May 20, 2017 3:09am
Quoting RondaRousey
{quote} So is trading an art or science? which one prevails?
I dont care if it is science or art. What i care is profit.
Also art and science do not compete. They are both different subject. But sometimes people are free to mix them both for whatever reason they think of and i dont care too.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,957
  • May 20, 2017 3:10am May 20, 2017 3:10am
Quoting VEEFX
{quote} even a sniper when pulling the trigger hopes he will hit the target by taking all the calculations (wind/distance etc) into account. He is confident based on his stats and understanding of what he does day in and day out... i.e. killing people !
Amen bro
This is not investment/trading advise. Will not hold accountable for loss
  • #1,958
  • May 20, 2017 3:13am May 20, 2017 3:13am
Quoting VEEFX
What the hell is role of Volume in FX trading strategies? Please enlighten me! It has no place whatever in mine. if volume with one broker changer from another, How on earth can you expect the same strategy to work across ALL brokers?
Are you saying volume is subjective, depend on the broker?
This is not investment/trading advise. Will not hold accountable for loss
  • #1,959
  • May 20, 2017 3:15am May 20, 2017 3:15am
Quoting yousername
{quote} Are you saying volume is subjective, depend on the broker?
I believe so at the moment yes but please prove me wrong.
Trade
  • #1,960
  • May 20, 2017 3:17am May 20, 2017 3:17am
Quoting RondaRousey
{quote} So do you have a talent for trading? {quote} So do you have a talent for trading? {quote} So do you have a talent for trading?
If you say talent that mean you think that trading is an art form right? If you think so, i think many traders here are talented in trading.
This is not investment/trading advise. Will not hold accountable for loss
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