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5 years and still no strategy

  • #2,181
  • May 22, 2017 1:50am May 22, 2017 1:50am
I guess I'm done with this thread too. I just thought with all these smart people, someone could tell me how to make some money today. But everyone seems to be concerned with last year, or next year, or two years from now. I got bills to pay, later...
Look Sharp/Trade Tight
  • #2,182
  • May 22, 2017 2:01am May 22, 2017 2:01am
I have unsubscribed this thread. Funny, I keep going back. 0_o
This is not investment/trading advise. Will not hold accountable for loss
  • #2,183
  • May 22, 2017 2:28am May 22, 2017 2:28am
Quoting VEEFX
{quote} I wont be surprised if 90% of the 100% losing traders are on MT4 wasting their valuable life trying to test the new indicator or EA they found on forums.
I only test indi's after I know what they do. I test them to find ones with better features/settings and to identify their usefulness for conveying the information readily. I've recently been messing with a heatmap a lot so that I can immediately gauge the quality of a move.

The purpose isn't to learn how to trade from them. It's just a matter of convenience.
"The fun is in the hunt. Not the kill."
  • #2,184
  • May 22, 2017 2:33am May 22, 2017 2:33am
Quoting Redeflect
{quote} I only test indi's after I know what they do. I test them to find ones with better features/settings and to identify their usefulness for conveying the information readily. I've recently been messing with a heatmap a lot so that I can immediately gauge the quality of a move. The purpose isn't to learn how to trade from them. It's just a matter of convenience.
don't miss one most important key component and purpose above convenience etc, which is winning = money return.
This is not investment/trading advise. Will not hold accountable for loss
  • #2,185
  • May 22, 2017 3:34am May 22, 2017 3:34am
Hello,

In the movie, "the outsider" about the story of Kerviel (the man who lost 4,9 billon euros working for Societe Generale a french bank), traders says that each trader have a different approach of market and each trader dont judge the others views.
Bottomless wonders spring from simple rules, which are repeated without end
  • #2,186
  • May 22, 2017 4:00am May 22, 2017 4:00am
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.
Well, both are reliable. A/D one can use in particular for double top/double bottom reversal (divergence trading). OBV is imho better for pullback trading (which is what I do).
The cool thing about OBV is that apparently one can make a "dashboard" where distance from VWMA and the ratio of OBV at end of swing and current OBV are presented. The sweet spot is close to/at VWMA and has this OBV ratio close to 1 (i.e. strong trend aggregated volume, weak pullback aggregated volume). P. Levine has been using that to filter out good trading opportunities for stocks. I am sure it could be done for FX as well. (And have no doubt that it would work.)
I just have volume on my chart, but I usually just trade oil and often trade from my mobile phone (I do have a VPS with the oil chart and VWMA on though).
k
  • #2,187
  • May 22, 2017 4:00am May 22, 2017 4:00am
Quoting limprobable
Hello, In the movie, "the outsider" about the story of Kerviel (the man who lost 4,9 billon euros working for Societe Generale a french bank), traders says that each trader have a different approach of market and each trader dont judge the others views.
That's right, each of us do have very different ways of trading the market, but our approach should be the same, namely to do everything that is required to take money out of the market consistently, and each one of us knows what these are, even though we may struggle, for various reasons, to follow them through.
  • #2,188
  • May 22, 2017 4:03am May 22, 2017 4:03am
I've just been 'playing' forex for 6 months, lost a lot of money... and thanks for this post. I'll need to look at myself more before entering an order.
  • #2,189
  • May 22, 2017 4:32am May 22, 2017 4:32am
Quoting kprsa
{quote} Well, both are reliable. A/D one can use in particular for double top/double bottom reversal (divergence trading). OBV is imho better for pullback trading (which is what I do). The cool thing about OBV is that apparently one can make a "dashboard" where distance from VWMA and the ratio of OBV at end of swing and current OBV are presented. The sweet spot is close to/at VWMA and has this OBV ratio close to 1 (i.e. strong trend aggregated volume, weak pullback aggregated...
Cool VWMA. Something new

Vielen Dank fur seine grose insight. Geil ide! I appreciate it!
https://www.tradingsetupsreview.com/...-average-vwma/
This is not investment/trading advise. Will not hold accountable for loss
  • #2,190
  • May 22, 2017 5:00am May 22, 2017 5:00am
Quoting yousername
{quote} Cool VWMA. Something new Vielen Dank fur seine grose insight. Geil ide! I appreciate it! https://www.tradingsetupsreview.com/...-average-vwma/
Consider using this indicator (VWMA anchored at the recent top/bottom rather than VWMA with fixed period). In my experience the pullbacks run to the anchored VWMA to "recharge" the trend so this quantity is usually frequently revisited. From screenshot it is apparent that they can be used for entry (and the screenshot is quite typical imho). In addition with OBV as explained before one can avoid the range/chop. Really, it's all in the book.
k
  • #2,191
  • May 22, 2017 7:23am May 22, 2017 7:23am
Quoting RondaRousey
{quote} how much is a lot? $100? $100,000?
Standard lot- 100000 units; Mini lot- 10000 units; micro lot 1000 units
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -3.8%
  • #2,192
  • May 22, 2017 8:57am May 22, 2017 8:57am
Quoting newbegger
Some sayings for those who engage in arguments then regret it. Don't answer the foolish arguments of fools, or you will become as foolish as they are. - Proverbs 26:4 Dont argue with idiots because they will drag you down to their level and then beat you with experience. Greg King Never argue with a fool; onlookers may not be able to tell the difference. Mark Twain Never argue with an idiot. The other person may be doing the same - Unknown
Yes!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #2,193
  • May 22, 2017 8:58am May 22, 2017 8:58am
Quoting RondaRousey
{quote} LOL. poster said: I've just been 'playing' forex for 6 months, lost a lot of money... and thanks for this post. I'll need to look at myself more before entering an order. how much is a lot of money that he lost? did he lose $100? did he lose $100,000?
Obviously depends on change in price. By the way, I did restart the scalping thread: https://www.forexfactory.com/showthread.php?t=667093
  • #2,194
  • May 22, 2017 10:31am May 22, 2017 10:31am
Quoting VEEFX
{quote} Good for you Lindman if you have reverse-engineered CP's system. MY beef is why you are not sharing the hows and the whys behind "your" system. If you don't do that then you are no different than another troll seeking attention behind someone (CP) who thinks he has found the holy grail. I respect CP as his posts makes me think and that's good enough for me. The rest of his "secret" garbage banter is just something I have learnt to ignore (mental block) with years of training and practice how to avoid distraction and clutter in my life. So,...
I have to everyone that has asked
  • #2,195
  • May 22, 2017 10:32am May 22, 2017 10:32am
Quoting RondaRousey
{quote} LOL. I would take it more seriously if you have you any backtesting results. So do you?
You would take backtesting over forward testing? What kind of bizarro world am I living in?
  • #2,196
  • May 22, 2017 11:08am May 22, 2017 11:08am
Quoting Lindman
{quote} You would take backtesting over forward testing? What kind of bizarro world am I living in?
just so i'm sure i properly understand you you are going to teach the first 15 people that contact you how to be a millionaire i just have some questions before i join your wonderful adventure

1. i know your going to be busy with beginning your post-graduate studies this week so why would you pick this time in your life to help the first 15 random strangers? can you see why many may think you have a ulterior motive like financially profiting from others desperation for help and that you have already made a excuse for why your going to be hard to contact as you just starting you post graduate studies

2, why not just do something like putting the information out here for free like Phillip Nel did with his 4 Hour Strategy (MACD) that way you can help anyone willing to put the time in and it will mean you don't have to sacrifice your own time as it's going to be precious now that your doing a post-graduate studies

3, are you secretly Chris Tarrant?


Attached Image
  • #2,197
  • May 22, 2017 11:12am May 22, 2017 11:12am
Quoting Lindman
{quote} I have to everyone that has asked
For a payment though . Which completely doesnt make sense . If you have a profitable edge , then you would never ask for money to train people , even if you commence your studies like you stated . What's your say on that Lindman ?
  • #2,198
  • May 22, 2017 11:17am May 22, 2017 11:17am
Quoting Lindman
{quote} You would take backtesting over forward testing? What kind of bizarro world am I living in?
I remember encouraging you when CP fiercely attacked you and offering to help which oh well...Single piece of advise if you wanna sell let FF know so they give you an appropriate thread. So many commercial members would have probably sold or at least not gotten banned had they come out plainly, am I saying you wanna peddle something? No just come out the closet...sighs the LGBTQ has colonized that phrase, but you get the gist(be plain).
Read in between the price!!!
  • #2,199
  • May 22, 2017 11:27am May 22, 2017 11:27am
Quoting Ross88
{quote} just so i'm sure i properly understand you you are going to teach the first 15 people that contact you how to be a millionaire i just have some questions before i join your wonderful adventure 1. i know your going to be busy with beginning your post-graduate studies this week so why would you pick this time in your life to help the first 15 random strangers? can you see why many may think you have a ulterior motive like financially profiting from others desperation for help and that you have already made a excuse for why your going to be...
Only failed traders will sell their 'millionaire system' or offer 'training' for a rip-off fee...

I am not mentioning any names, just an observation...
  • #2,200
  • May 22, 2017 11:30am May 22, 2017 11:30am
Quoting argosgate7
{quote} For a payment though . Which completely doesnt make sense . If you have a profitable edge , then you would never ask for money to train people , even if you commence your studies like you stated . What's your say on that Lindman ?


It reminds me the guy who publishes an ad saying : I will teach you how to be rich for 10 bucks. And then his teaching was : Just do like me !
Actually, that guy didn't scam anyone because his advice works.
Don't give up on your dreams. Keep sleeping.
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