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5 years and still no strategy

  • #2,061
  • May 20, 2017 7:33pm May 20, 2017 7:33pm
Quoting RondaRousey
{quote} LOL. These fools are trying to measure fear and greed in the markets by statistics, TA and other scientific methods and get no where. Emotions in the market cannot be measured. The markets can be psychotic so how are you going to use statistics, TA to explain it?
Let me tell you something... There is no fool here. All of them here are smart people who maybe some likes to act like a fool. Dont be deceieve by their appearance. I know they are utterly genius and pro traders.
This is not investment/trading advise. Will not hold accountable for loss
  • #2,062
  • May 20, 2017 7:35pm May 20, 2017 7:35pm
Quoting PayTheLimit
{quote} Interesting. So you basically never get hit for more than 12 pips, while you have the opportunity to lasso several multiples of that. Nice.
My "guess", if I'm reading it correctly is that he rarely gets hit with SL because he just uses "REVERSE" on the opposite signal. So SL is only hit if price reverses almost immediately after he enters in a direction. Need tight spreads & enough movement to do this.

Just a "guess" so probably wrong :-)
  • #2,063
  • May 20, 2017 7:39pm May 20, 2017 7:39pm
Quoting Redeflect
{quote} Why use low leverage when you can use high leverage and trade less of the account? I'd rather use 10% of a 50x account than 50% of a 10x account. At least that way I know I won't be receiving a margin call any time soon... and I have that extra wiggle room if necessary to either recover a trade or just place more trades if great opportunities occur. I get it: Most traders have terrible self-control (that's probably one of the biggest hurdles they need to learn to overcome). But let's be honest: Having low leverage available puts you at a...
if it works for you great. When trading low leverage, the pips are raised as a percentage of risk of the total account. You never go over a percentage risk so the example provided is invalid. The low leverage trader has 100 pips before sl loss hit , the high leverage much less. The low leverage trader has a competitive advantage - like the money maker who also runs on low leverage to stop hunt high leverage traders.
However, if there is a high probability winner - smash it . I call it the full load multiple lots baby ha ha
  • #2,064
  • May 20, 2017 7:42pm May 20, 2017 7:42pm
I sincerely do not know how long this thread would go on but I sincerely hope somewhere somehow someone finally figures it out. Seriously guys, I could mention 5 places profitable traders hangout I am talking people who now count their wealth in pips and ticks no more monetary value. I approached one, he asked me a few questions, then he told me you're on the right track but all you need is with you, which is price

Now PA junkies don't get jacked up just yet he didn't mean naked chart trading, that is utter nonsense if you as much as draw a line on your chart you are no longer trading naked.

Now back to the opening paragraph, can someone tell my why in good heaven do we have people putting up charts or advise and deleting them in split seconds, no one asked you to post.. if you have a secret keep it, this is not a stage, you're not a magician neither are we the apprentice. I may unsubscribe to this thread seriously.

Closing remark; the reason this thread is so popular is because a few people have found a way to do emotional anal fucking without getting blocked, it's an open thread hence a few on here come daily for BRAGGADOCIO

Finally the only volume I know is the amount of water I consume while at my trading station, try it, it lubricates your thinking process and fights cancer.
Read in between the price!!!
  • #2,065
  • May 20, 2017 8:04pm May 20, 2017 8:04pm
Quoting Pip-Miner
{quote} if it works for you great. When trading low leverage, the pips are raised as a percentage of risk of the total account. You never go over a percentage risk so the example provided is invalid. The low leverage trader has 100 pips before sl loss hit , the high leverage much less. The low leverage trader has a competitive advantage - like the money maker who also runs on low leverage to stop hunt high leverage traders. However, if there is a high probability winner - smash it . I call it the full load multiple lots baby ha ha
Leverage has nothing to do with risk. I trade with a 500:1 offshore broker, so I keep 90% of my trading capital in my own bank not with broker. To use easy numbers, if I have $50,000 in trading capital, I only need to have $5,000 in my account to have same trading power as a 50:1 US broker, where I would need to have the entire $50K for margin. So if I risk 2% of my $50,000 it may appear as if I'm risking 20% because I only have 5,000 with broker. However, I'm actually less at risk because my money is in my own bank account and not with the broker.
  • #2,066
  • May 20, 2017 8:09pm May 20, 2017 8:09pm
Quoting Redeflect
{quote} It's much easier to fold on most of your hands when the market doesn't notice you're playing conservatively and so it doesn't fold when you actually do call. It usually wins the blind, sometimes the flop... but it always goes all-in on a losing hand. The market is a terrible poker player.
Great poker analogy. That is how I used to earn my income prior to the US taking that away. Now, unfortunately, they are attempting to do the same with forex.
  • #2,067
  • May 20, 2017 8:22pm May 20, 2017 8:22pm
Quoting RondaRousey
{quote} A pro trader that makes 80 pips a month. That is genius for you? A pro trader that uses 500 lots of other people's money to make 20 pips a week. why don't you give him your money for him to trade? Give him 50 million to make 20 pips.
Frankly i didnt pay attention to the detail.
My point was he has simple trading strategy using gann fan and have the confidence in it and he mastered it and because of all that he dont mind taking high managable risk. Im sure he has his own magic trick up in his sleeve.

If i may talk little bit about my faith
"Because you have so little faith. Truly I tell you, if you have faith as small as a mustard seed, you can say to this mountain, 'Move from here to there,' and it will move. Nothing will be impossible for you." Matthew 17:20
This is not investment/trading advise. Will not hold accountable for loss
  • #2,068
  • May 20, 2017 8:59pm May 20, 2017 8:59pm
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This is not investment/trading advise. Will not hold accountable for loss
  • #2,069
  • May 20, 2017 10:01pm May 20, 2017 10:01pm
Quoting calebfx
I sincerely do not know how long this thread would go on but I sincerely hope somewhere somehow someone finally figures it out. Seriously guys, I could mention 5 places profitable traders hangout I am talking people who now count their wealth in pips and ticks no more monetary value. I approached one, he asked me a few questions, then he told me you're on the right track but all you need is with you, which is price Now PA junkies don't get jacked up just yet he didn't mean naked chart trading, that is utter nonsense if you as much as draw a line...
Some of us already figured it out. We just aren't dumb enough to try giving it away because you can't...
"The fun is in the hunt. Not the kill."
  • #2,070
  • May 20, 2017 10:02pm May 20, 2017 10:02pm
A buddy of mine here in FF has a real life journey where he discovered this by himself. He was a scalper high leverage and over time came to the decision to convert.
It is a really interesting journey.
https://www.forexfactory.com/pauldaemon
  • #2,071
  • May 20, 2017 10:19pm May 20, 2017 10:19pm
Quoting Pip-Miner
A buddy of mine here in FF has a real life journey where he discovered this by himself. He was a scalper high leverage and over time came to the decision to convert. It is a really interesting journey. https://www.forexfactory.com/pauldaemon
Thanks for sharing. Will read through sometime next week.
This is not investment/trading advise. Will not hold accountable for loss
  • #2,072
  • May 20, 2017 10:53pm May 20, 2017 10:53pm
Well after 5 years trading this was my baby

1 - Fuel
2 - Turn
3 - Momentum Reversal
4 - Mechanical Pyramid
Time hides Nothing
  • #2,073
  • May 21, 2017 12:10am May 21, 2017 12:10am
Quoting Pip-Miner
{quote} This is a common problem unfortunately, designing your strategy around how much you need for your life style, rather then how much is suitable for the risk. Just because you need a new suit you put the pips up. the risk still needs to be recalculated and a back up plan if things go bad. Unfortunately, this is often not managed appropriately.
My solution; I don't do this for my lifestyle (yet). I work a little more than full-time (as an 'aseptic technician' A.K.A glorified janitor) and spend just as much time on this. I do it because I am 28 and it's been my passion since I was ~14 to eventually follow this path. Life got in the way but this is what I love. I ENJOY doing this... and that's my reward. I'm doing exactly what I always hoped to be able to do. The profit comes secondary and that's why I know that I'll be entirely disappointed when there's nothing left but ONE way to achieve optimal results. I already know the methods(there are only two)... but I enjoy searching for more. The money will be nice because I'll get to ease the burden on the people I care about but it doesn't matter for my own happiness.

Thankfully, I'm pretty sure the transitory nature of life means neither one of those methods will ever gain supremacy over the other. One is passive TA and the other active FA.
"The fun is in the hunt. Not the kill."
  • #2,074
  • Edited 12:35am May 21, 2017 12:17am | Edited 12:35am
Quoting VEEFX
{quote} Increase your Riak Exposure is a better solution (for me)
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 !
Like you said about sniper. Calculated risk, distance, killing people.
If i can kill the enemy from far, why cant i just launch a nuclear bomb from 5000 miles away and let all of them die instead using a single bullet? Probably needs several million of rounds and cannon, and air2ground missiles in order to kill all my enemies and probably lose quiet alot of my soldier. Nuclear which is risky is a quick and dirty way to win the war. After all It wont risk the health of my people right... Lol
This is not investment/trading advise. Will not hold accountable for loss
  • #2,075
  • May 21, 2017 12:20am May 21, 2017 12:20am
Quoting CindyXXXX
Well after 5 years trading this was my baby 1 - Fuel 2 - Turn 3 - Momentum Reversal 4 - Mechanical Pyramid
I haven't even read any of the links yet. Just by those 6 simple words (in that order) I entirely understand. My drunken offhand interpretation... I'm sure you'd approve:

1. Potential
2. Mean-Reversion/Fundamental Change
3. Price Action
4. Stacking

My "dream" trades are when both aspects of #2 synergize. At that point there is nothing to get in your way but yourself.
"The fun is in the hunt. Not the kill."
  • #2,076
  • May 21, 2017 12:27am May 21, 2017 12:27am
Quoting RondaRousey
{quote} So trading is your escape from your mundane reality? A lot of people use trading as an escape. what are you escaping from? is trading the right escape for you?

Oh, hush. I've been escaping from mundane reality since I was 6 years old. 'Reality' (as it was perceived since I was 6) is mundane.

You have this lovely need to present yourself as someone that NEEDS to feel superior to others. My question is how much of that was a habit since you were a child that you haven't overcome and how much of it is adult intentionality?

Don't waste your time trying to affect my psychology. I'm already well beyond the point of being fodder for your account.
"The fun is in the hunt. Not the kill."
  • #2,077
  • May 21, 2017 12:34am May 21, 2017 12:34am
Quoting yousername
{quote} {quote} Like you said about sniper. Calculated risk, distance, killing people. If i can kill the enemy from far, why cant i just launch a nuclear bomb from 5000 miles away and let all of them die instead using a single bullet? Probably needs million of rounds in order to kill all my enemies and probably lose few of my country men. Nuclear which is risky is a quick and dirty way to win. After all It wont risk the health of my people right... Lol
I used that metaphor a few dozen pages ago as a 'grenade'. I'm presuming you're speaking of mechanically trading multiple pairs.
"The fun is in the hunt. Not the kill."
  • #2,078
  • May 21, 2017 12:40am May 21, 2017 12:40am
Quoting Redeflect
{quote} I used that metaphor a few dozen pages ago as a 'grenade'. I'm presuming you're speaking of mechanically trading multiple pairs.
I was implying increasing the number of lot after a careful analysis and taking all calculated risk into account.
I mean if you know that the market will turn to certain path because all your criteria has been met, wouldn't it be wise to exploit the opportunity to its maximum for maximum profit?
This is not investment/trading advise. Will not hold accountable for loss
  • #2,079
  • May 21, 2017 12:42am May 21, 2017 12:42am
Quoting VEEFX
{quote} what the hell dude You are way too smart to be a glorified janitor. I could be wrong but something tells me you are not grabbing the opportunities that come your way in life (outside of trading)

I was raised by a lower-class (welfare) family of my mother/aunt/sisters. I'm pretty sure I had what would colloquially be interpreted as 'high functioning autism'. Women aren't exactly the most self-aware individuals to what I understand (their relatively over-sized amygdalas lead to a less than ideal association between their cognition and flight responses). The only guidance I had at a public school was the internet, the belief/desire to be intelligent, and guidance from reputable individuals.

Basically; I spent my life trying to figure out the world we live in because I knew I'd eventually find my way rather than trying to get good grades and appeal to others. I thought I'd someday come up with a brilliant invention that would lead me to 'success'. I didn't realize that society was well beyond that point. So, now, I'm a glorified janitor because I was born into a less than optimal situation to facilitate my growth. Trust me; I was bored with school since the 5th grade.
"The fun is in the hunt. Not the kill."
  • #2,080
  • May 21, 2017 12:44am May 21, 2017 12:44am
Quoting Redeflect
{quote} I was raised by a lower-class (welfare) family of my mother/aunt/sisters. I'm pretty sure I had what would colloquially be interpreted as 'high functioning autism'. Women aren't exactly the most self-aware individuals to what I understand (their relatively over-sized amygdalas lead to a less than ideal association between their cognition and flight responses). The only guidance I had at a public school was the internet, the belief/desire to be intelligent, and guidance from reputable individuals. Basically; I spent my life trying to figure...
I asked my self, glorified janitor?
Are you a hitmen or assassin? Lmfao
This is not investment/trading advise. Will not hold accountable for loss
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