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5 years and still no strategy

  • #1,961
  • May 20, 2017 3:18am May 20, 2017 3:18am
Quoting Arnoud
{quote} I believe so at the moment yes but please prove me wrong.
Volume is something new to me. So i cant proof anything. Im open minded tho to volume.
This is not investment/trading advise. Will not hold accountable for loss
  • #1,962
  • May 20, 2017 3:20am May 20, 2017 3:20am
Quoting yousername
{quote} Volume is something new to me. So i cant proof anything. Im open minded tho to volume.
checked it out .. Eurusd volume 2 different brokers
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both EURUSD M15

BROKERS : XM.COM & Markets.com
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  • #1,963
  • May 20, 2017 3:26am May 20, 2017 3:26am
Quoting Arnoud
{quote} checked it out .. Eurusd volume 2 different brokers {image} {image} both EURUSD M15 BROKERS : XM.COM & Markets.com
Enlightened. I was blind now i see. Thank you brother and God bless
This is not investment/trading advise. Will not hold accountable for loss
  • #1,964
  • May 20, 2017 3:29am May 20, 2017 3:29am
Quoting VEEFX
{quote} my challenge to WolGod or volume traders - show me how you trade a single chart profitable based on volume of single doji or single candle (current/previous or whatever you fancy). How is volume EVERYTHING? How can volume determine trend direction? How can volume determine ANYTHING apart from random group orgy between buyers and sellers? How is tick considered volume? what is a tick in relation to actual order flow? If there is not a single trader on your brokers plaatform at say 5:00am and then a big GBPUSD order comes in at 5:00:01am,...
Could you please tell me if every broker has different tick?
If so then why the chart of all broker almost look the same?
This is not investment/trading advise. Will not hold accountable for loss
  • #1,965
  • May 20, 2017 3:32am May 20, 2017 3:32am
Quoting VEEFX
{quote} Sure you need it and already doing it in your head to interpret what you are seeing. next question: Which one applies? 1. Do you pull the trigger first in anticipation of bull/bear trap before it happens? 2. Do you pull the trigger in the middle of a bull/bear trap formation ? 3. Do you wait for confirmation of bull/bear trap, determine direction and then pull the trap? 4. if you can share example screenshots of before, middle and after trap with arrows where you would trigger, that would support your understanding and enlighten us
I don't trade this pattern so I do not need it.
I have commented on it because I was explicitly and politely asked what I thought this candle meant.
k
  • #1,966
  • May 20, 2017 3:32am May 20, 2017 3:32am
Quoting VEEFX
{quote} care to share what you are able to 'see' ?
Volume does not show universal value/volume accross all brokers. There's slight ofset to each broker's volume, but can be misleading. Need a pinch of salt
This is not investment/trading advise. Will not hold accountable for loss
  • #1,967
  • May 20, 2017 3:32am May 20, 2017 3:32am
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?
Isn't a talent simply something which is attributed to "luck" when an individual is really good with a certain skill?
Ofcourse due to individuals having acquired different skills and knowledge since they are 3 years old. Each individual by the age of say 18, has his own edges which might allow him to become a profitable trader.
Some people are really good with not only searching for information, but being able to process allot of it and at the same time. That is an edge.
Others might have a good discipline and it will be easier for them to have consistency in a "rinse and repeat" approach. For a retail trader, the edges are things which will reflect on his learning curve. Now once the trader knows what he needs to do, even more edges are added to his mind. So a talented trader is simply someone who has the needed knowledge, and the skills needed to apply that knowledge.

The confusion with the terminology is just like the babylonian tower example which someone brought up before. Just like the scientific term - Theory, having a different meaning than the same word used out of science.

Futhermore to add to the dilema, I believe that the assumption of someone's talent (as in just lucky) is the same thing as if someone was attributing an event happening to luck, gods will, fate, etc... But that is an another topic and I don't want to derail the nicely going conversation after the piss contest a few pages back finished.
The truth is hidden from you
  • #1,968
  • May 20, 2017 3:38am May 20, 2017 3:38am
Quoting Arnoud
{quote} checked it out .. Eurusd volume 2 different brokers {image} {image} both EURUSD M15 BROKERS : XM.COM & Markets.com
USDCHF last 25 days worth of h1 data. Nearly each days volume is the highest during the middle of the day. Looks like a bell curve. Doesn't that prove that atleast the acitivity/volatility in forex is not random by the way?
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The truth is hidden from you
  • #1,969
  • May 20, 2017 3:57am May 20, 2017 3:57am
Quoting VEEFX
{quote} Let's try this one more time.. Volume = xxxxx number of ticks on your screenshot means NOTHING or Tells me nothing about whether buys are winning or losing. One broker screenshot could have 5000 ticks in first 5 mins and then no tickets in the remaining 10 mins in a 15 min candle. Another broker might have 5000 ticks in the last 5 mins of the 15 min candle. would your naked eye catch that ?
For me the high reading of volume just shows that the bar/candle was huge. But I can see it with my eyes, thats why I don't even bother to look at volume. However In the example above it was easier to demonstrate that there are relatively huge candles happening around the middle of the day with the tick volume indicator.
The truth is hidden from you
  • #1,970
  • May 20, 2017 4:04am May 20, 2017 4:04am
Quoting VEEFX
{quote} Okay... here it is. just my interpretation of how fucked up this retail industry is and why retail traders fail in such large volumes. I have no proof of this, I cannot prove this, I don't work for any broker or have any insider information. Just my research and speculation to take it for what it's ...
Why don't you trade forex futures then? You can trade against other traders through an exchange. No brokers will ever trade against you. To me, there is no different between spot forex and forex futures movement-wise and price-wise.
  • #1,971
  • May 20, 2017 4:07am May 20, 2017 4:07am
Quoting VEEFX
{quote} A candle could be huge regardless of tick volume... heard about gaps in the upwards of 30-50 pips between two ticks?
Yep, thats one of the many reasons why I don't bother with the VolumeSpreadAnalysis pseudo intellectual masturbation of retail forex.
As someone said : "If you can't explain why something works in a few simple words, than either you are bull shitting, or don't know how it works".
I never saw any clear algorithm for trading retail forex price feed based on volume.
The funny part is, most guys who spend hours with bs such as the glamorous term "price action setups" and the mentioned V.S.A., are so angry and easily rage because they understand themselves that if they're not making money than perhaps they're doing something wrong, they don't want to admit it though...even to themselves
The truth is hidden from you
  • #1,972
  • May 20, 2017 4:09am May 20, 2017 4:09am
Quoting VEEFX
{quote} Let's try this one more time.. Volume = xxxxx number of ticks on your screenshot means NOTHING or Tells me nothing about whether buys are winning or losing. One broker screenshot could have 5000 ticks in first 5 mins and then no tickets in the remaining 10 mins in a 15 min candle. Another broker might have 5000 ticks in the last 5 mins of the 15 min candle. would your naked eye catch that ?
The number of ticks mean something ...
What is meaningless is the candle or time frame
BTW the same surge of activity will show on all broker MT4

Attached Image
  • #1,973
  • May 20, 2017 4:13am May 20, 2017 4:13am
Quoting VEEFX
{quote} That is why we have CULTS. Once a human mind believes in something... anything, it is VERY hard to make a u-turn. It's in our DNA.
Therefore most are initially doomed because they started learning about trading from guru threads and popular out of context advices of blind ? Hmm.. what I do like however about cults, or it would be better to say admire, is how seemingly flawless the system is. It's amazing how such a strong order exists behind such chaos.
The truth is hidden from you
  • #1,974
  • May 20, 2017 4:15am May 20, 2017 4:15am
Quoting VEEFX
{quote} That is why we have CULTS. Once a human mind believes in something... anything, it is VERY hard to make a u-turn. It's in our DNA.
Lmfao VOLCULT
This is not investment/trading advise. Will not hold accountable for loss
  • #1,975
  • May 20, 2017 4:16am May 20, 2017 4:16am
Quoting VEEFX
I am NOT posting here to seek your likes as I delete ALL my posts within 24 hours. What I raise is relevant to the topic of this thread.... WHY does it take so long to develop a strategy? Why does it take so long to break even? Why does it take so long to become consistently profitable? Why it is IMPOSSIBLE to quit your job with trading capital of $1000? Why majority of us (including me!) will never ever be able to replace our primary income with trading income from FX? It is a fallacy ! tinyurl.com/veefx
Your question is good as why 95% of all businesses fail within 10 years or why 99.99% of football players won't become pro. Everything is competition. Have you wondered how many job applicants are there for a good job? Why they reject 99% of job applicants and hire you?
  • #1,976
  • May 20, 2017 4:17am May 20, 2017 4:17am
Quoting VEEFX
{quote} , you WILL find that price is off by 5, 10 pips routine and often. Once live is no longer live, they all look soo pretty and picture perfect and beautiful to the naked eye... oh look, if such and such happened, I am sure it will happen again so let's wing it dude and see what happens.... this is EXACTLY what your broker wants...
Yes Look at charts and think about them to make your own believe system stab you in the back.
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  • #1,977
  • May 20, 2017 4:20am May 20, 2017 4:20am
Quoting VEEFX
{quote} if compare LIVE price feeds across brokers, you WILL find that price is off by 5, 10 pips routine and often.
If you've seen this happen, then just buy the same instrument at the broker with lower price and sell at the one with the higher price. You earn money without any risk.
k
  • #1,978
  • May 20, 2017 4:27am May 20, 2017 4:27am
Quoting VEEFX
{quote} Then you really don't know what happens to your withdrawal request when you do broker arbitrage. it will take them less than 24 hours to trap you and shut you down.
That is very interesting. Im open to hear your testament about withdrawal and broker arbitrage
This is not investment/trading advise. Will not hold accountable for loss
  • #1,979
  • May 20, 2017 4:29am May 20, 2017 4:29am
Quoting VEEFX
{quote} Then you really don't know what happens to your withdrawal request when you do broker arbitrage. it will take them less than 24 hours to trap you and shut you down.
I don't know it, but I'd think they would expose themselves to unnecessary risk if they manipulate the price feed too often. The casinos ensure that roulette wheels are perfectly flat etc for the same reason: they on average win.
(And I'd think they'll only catch you if you are obvious at it.)
k
  • #1,980
  • May 20, 2017 4:39am May 20, 2017 4:39am
Quoting VEEFX
{quote} Looks like you have found your magic tick volume indicator. Please share. I want to learn. I have an open mind. I won't argue. Don't even have to share any proof... Just fucking tell me instead of lame statements like "VOLUME IS EVERYTHING". {image}
I would've maybe be ready to present my researches here (I'm using tick volume from different brokers with different LP's, volume from FX Futures and some other stuff)

Quoting VEEFX
{quote} Another minion from a fucking broker out here..... Please counter
But why should I, especially after you talked shit to me, knowing NOTHING about me?
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
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