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5 years and still no strategy

  • #2,101
  • Edited 5:55am May 21, 2017 5:39am | Edited 5:55am
95% of traders that lose are on timeframe 1hr and below, have R:R below 1:1.3, risk too much on any one particular trade and don't see the entire currency picture. Think about that.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #2,102
  • May 21, 2017 6:05am May 21, 2017 6:05am
Quoting Redeflect
{quote} No worries. No casualties over here. My ego died a few years ago. Now I just try to find a comfortable balance between what I was taught and what I understand. I have a desire both to help others navigate the system and to preserve the integrity of that system.
I hear you loud and clear and you should know it's also okay to aim higher, it seems you quit organized schooling too early too soon, I have a Masters degree got that a while a go and I'm 26, my passion is cooking so I'm a Chef(not what I learnt in Uni), I also do business consult(what I learnt), then I trade the markets(not what I learnt in school).

You get where I'm going with this? You can do what you love without hampering your chances of succeeding in other ventures.

Hence my advise, if you've really figured out the market as you claim you have (no sarcasm) then trade your way to financial freedom whilst you study a degree in commerce or mathematics perhaps. Above all follow your heart but recognize good counsel when it's given.

Bless you.
Read in between the price!!!
  • #2,103
  • May 21, 2017 6:06am May 21, 2017 6:06am
Quoting calebfx
{quote} Well I don't know if anyone gave you a proper reply but if you tell me what time frame you primarily take your shots from I can give you a couple of ideas that could help. N.B: Sometimes the problem is the strategy, if the reason you enter is off your exit would be off as well and you are merely gambling for a positive outcome.
renko based on period 14 daily atr
  • #2,104
  • May 21, 2017 6:51am May 21, 2017 6:51am
Quoting calebfx
{quote} I hear you loud and clear and you should know it's also okay to aim higher, it seems you quit organized schooling too early too soon, I have a Masters degree got that a while a go and I'm 26, my passion is cooking so I'm a Chef(not what I learnt in Uni), I also do business consult(what I learnt), then I trade the markets(not what I learnt in school). You get where I'm going with this? You can do what you love without hampering your chances of succeeding in other ventures. Hence my advise, if you've really figured out the market as you claim...
Oh, my plan for many years was to obtain financial freedom and then go back to school later on in life for a physics degree so that I could go off and work at one of the particle accelerators or perhaps help develop the Tokamaks. The ironic part is it was my passion for physics that ultimately showed me the narrow path to figuring out the market; multi-dimensional quantum mechanics made me realize that any movement in price would have to be reflected on the charts and that by observing the charts on the smallest timeframe I could isolate patterns. I also realized that any movement would also have to be a reflection of multiple probability levels that couldn't be directly quantified individually but would have to be observed as a system. I learned TA before I actually knew what a tick-chart was or how to read candlesticks. Did you ever play Runescape or WoW? I spent years in video games getting rich by merchanting items with just PA and no charts.

Tried to teach myself how to get rich(FA) in order to research physics. Ended up learning physics and it taught me how to research getting rich(TA).
"The fun is in the hunt. Not the kill."
  • #2,105
  • May 21, 2017 7:28am May 21, 2017 7:28am
Quoting Redeflect
{quote} Oh, my plan for many years was to obtain..the smallest timeframe I could).
Oh I don't play video games, I feel it's yet another tool the world uses to dumb the minds of people and keep them aloof...

{quote} Oh, my plan for many years was to obtain..the smallest timeframe I could).[/quote]

That's all well and good so what's the matter then? Funding?( not sarcasm)
Read in between the price!!!
  • #2,106
  • May 21, 2017 10:11am May 21, 2017 10:11am
Quoting dkrock
{quote} No one made you Forex police.You got your range bars and ichimoku cloud, your Master's Degree, and your skillet, so I don't know why you would be so worried about what I say to other people. You were told you are on the right track, lol, so stay on it and get out of my business. Move along son, nothing to see here. Don't bother getting up gentlemen. Just passing through.
Fair enough, the end would truly justify the means in this case.

Quoting calebfx
Jesus Loving Christ!!!! stop polluting this forum with your stupid ego, why you have subscribers baffles me, you post absolute nonsense mostly.
Owe no man nothing but love, I owe you an apology, there would have been a better way to word the above quote therefore I'm sorry.
Take care mi amigo maybe one day we will see eye to eye.
Read in between the price!!!
  • #2,107
  • May 21, 2017 10:31am May 21, 2017 10:31am
people, you are all fighting about nonsense, but in the end, some one is going to the bank smiling, and it is not the majority of us here in FF.

Inserted Video
  • #2,108
  • May 21, 2017 10:48am May 21, 2017 10:48am
Could any one throw their thought/feedback regarding which is more reliable indicator Accumulation/Distribution indi vs On Balance Volume indi vs Volume indi?

Thank you, your feedback is v much appreciated.
This is not investment/trading advise. Will not hold accountable for loss
  • #2,109
  • Edited 12:03pm May 21, 2017 11:53am | Edited 12:03pm
Quoting calebfx
{quote} Oh I don't play video games, I feel it's yet another tool the world uses to dumb the minds of people and keep them aloof... {quote} Oh, my plan for many years was to obtain..the smallest timeframe I could).
Pretty much. But that will be solved in due time. I'd probably say the main hinderance at the moment is just not having a platform with ease of use or software designed as well as I would have liked(I went to college for programming and my skills are fine but my experience is too limited to do it myself). The indicators I have found for MT4 that have alerts give me a lot of clutter and I'm working off of one relatively small monitor. I'd say my difficulties are mostly logistical.
"The fun is in the hunt. Not the kill."
  • #2,110
  • May 21, 2017 12:02pm May 21, 2017 12:02pm
Quoting yousername
Could any one throw their thought/feedback regarding which is more reliable indicator Accumulation/Distribution indi vs On Balance Volume indi vs Volume indi? Thank you, your feedback is v much appreciated.
My un-educated guess is that an Accumulation/Distribution indi would do a better job of identifying reversals(slow pressure release)where as an On Balance Volume indi would do a better job of identifying breakouts(fast pressure buildup). A simple Volume indi seems to be more geared towards identifying the general market activity without a bias.

So; Volume indi for broad initial analysis. On Balance Volume indi for setups. Accumulation/distribution indi for exits.

But that's just what you want them calibrated for. If we are talking about stocks then indicators seem silly to me. Making +10% a month with stocks is just childsplay.
"The fun is in the hunt. Not the kill."
  • #2,111
  • May 21, 2017 12:27pm May 21, 2017 12:27pm
Quoting Bluecap
people, you are all fighting about nonsense, but in the end, some one is going to the bank smiling, and it is not the majority of us here in FF. https://www.youtube.com/watch?v=L7G0OfJUON8
Anton thinks he is more clever than he actually demonstrates. He thinks he knows certain things that he doesn't. Institutional traders can't rely so heavily on PA because of liquidity. Retail traders have that advantage.
"The fun is in the hunt. Not the kill."
  • #2,112
  • May 21, 2017 12:58pm May 21, 2017 12:58pm
Quoting pipmaster77
{quote} 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...
I agree. I keep as little as possible with my brokers, just cause if something blows up, I'd rather have my broker waiting for me to pay him, than me wait for him to pay me.
Look Sharp/Trade Tight
  • #2,113
  • May 21, 2017 1:22pm May 21, 2017 1:22pm
Quoting Bluecap
people, you are all fighting about nonsense, but in the end, some one is going to the bank smiling, and it is not the majority of us here in FF. https://www.youtube.com/watch?v=L7G0OfJUON8
He's no different than the rest of them pedalling their wares.

I will scare the shit out of you with my retail stories and then sell my education. Like him and his buddies are the dogs bollox. He's a fck'n salesman. He lost money at JP and they fired him but he likes to miss that bit out as it's not good for business. Just do your own thing whatever that is. Over 2000 post and the OP has long scarpered. Can only happen at the Funny Farm.
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #2,114
  • May 21, 2017 1:54pm May 21, 2017 1:54pm
Quoting yousername
{quote} Doubling after lose = martingayle. Doubling after winning = smart (trend following) Last week i doubled my position in Eurusd after winning and bullish correction. {image}
Nice green boxes you have there for sessions and the days))) how do you use them?
The truth is hidden from you
  • #2,115
  • May 21, 2017 1:56pm May 21, 2017 1:56pm
Quoting Stu Effex
{quote} He's no different than the rest of them pedalling their wares. I will scare the shit out of you with my retail stories and then sell my education. Like him and his buddies are the dogs bollox. He's a fck'n salesman. He lost money at JP and they fired him but he likes to miss that bit out as it's not good for business. Just do your own thing whatever that is. Over 2000 post and the OP has long scarpered. Can only happen at the Funny Farm.
I watched a few of his 'investor meetings' on Youtube. I mean, sure, they helped give me a proper perspective on fundamental analysis in the industry but most importantly they showed me that even the guys in suits managing millions aren't exactly guaranteed to be the sharpest tools in the shed.
"The fun is in the hunt. Not the kill."
  • #2,116
  • May 21, 2017 2:12pm May 21, 2017 2:12pm
Quoting Redeflect
{quote} Pretty much. But that will be solved in due time. I'd probably say the main hinderance at the moment is just not having a platform with ease of use or software designed as well as I would have liked(I went to college for programming and my skills are fine but my experience is too limited to do it myself). The indicators I have found for MT4 that have alerts give me a lot of clutter and I'm working off of one relatively small monitor. I'd say my difficulties are mostly logistical.
Hang in there mate, you'll get there.
Read in between the price!!!
  • #2,117
  • Edited 3:05pm May 21, 2017 2:37pm | Edited 3:05pm
Quoting yousername
Could any one throw their thought/feedback regarding which is more reliable indicator Accumulation/Distribution indi vs On Balance Volume indi vs Volume indi? Thank you, your feedback is v much appreciated.
I would have to politely disagree 200% with Redeflect. This is my understanding;

Signals gotten from Accumulation/Distribution indi are only to be considered valid if they occur after areas of consolidation, congestion whatever, the early hours of May 12th on EURUSD 15min tf should give you a clear picture, why? because as the name implies, price accumulates (bulk orders waiting to be triggered) and when a trend finally ensues it is the distribution.
On Balance Volume pretty much does the same, Volume indi God knows, would I use any of them? hell no, if I was to choose? I'll go with Acc/Distri.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15acc.png Size: 50 KB
Read in between the price!!!
  • #2,118
  • May 21, 2017 3:01pm May 21, 2017 3:01pm
Quoting calebfx
{quote} I would have to politely disagree 200% with Redeflect. This is my understanding; Signals gotten from Accumulation/Distribution indi are only to be considered valid if they occur after areas of consolidation, congestion whatever, the early ours of May 12th on EURUSD 15min tf should give you a clear picture, why? because as the name implies, price accumulates (bulk orders waiting to be triggered) and when a trend finally ensues it is the distribution. On Balance Volume pretty much does the same, Volume indi God knows, would I use any of them?...
To what I see I'd do Acc/Distri as well. After reading more about OBV... nope. Not happening.
"The fun is in the hunt. Not the kill."
  • #2,119
  • Edited 4:04pm May 21, 2017 3:44pm | Edited 4:04pm
Quoting MaxenshteinD
{quote} Nice green boxes you have there for sessions and the days))) how do you use them?
Those are not sessions buddy. Those are frame of reference.
For more info please dig deeper into my thread
https://www.forexfactory.com/showthread.php?t=660760

They are use to identify momentum, s/r level, harmonic, reversal pattern, elliot wave, trading opportunity, profit traget, breakout, market trend (sideway or trending) and so muh more
This is not investment/trading advise. Will not hold accountable for loss
  • #2,120
  • May 21, 2017 3:50pm May 21, 2017 3:50pm
Quoting Bluecap
people, you are all fighting about nonsense, but in the end, some one is going to the bank smiling, and it is not the majority of us here in FF. https://www.youtube.com/watch?v=L7G0OfJUON8
Another shark to take your money.... $3000 for his dumb course????
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