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5 years and still no strategy

  • #2,261
  • Edited 5:05pm May 24, 2017 4:53pm | Edited 5:05pm
Quoting copi88
{quote} Institutional traders have targets they need to meet each day in terms of profits. When they enter a trade they will have a profit target that they will aim for. You can use the Fib tool to measure where this target is going to be and where profit taking and a possible reversal point will be. Those targets however are not Fibonacci ratios. There is also a certain area they will take the market too for a reversal when they manipulate price in the wrong direction to pick up liquidity. The algos are also programmed with these target levels....
Hi copi, thank you for the quote. I do not believe that institutions are looking at D1 charts. The reason is that the D1 chart in NY is not the same as the D1 chart in Shanghai, nor in Auckland. Candles in timeframes lower than W1 are arbitrary in my view, what is your thought on it?

Do think that institutions use anything other than order flow? What do you think about it?

Another thing to consider, do you think that institutions have daily targets? Or do you think that institutions monitor risk and exposure daily? What if the volatility is not there?
If you are good at something, never do it for free--Joker
  • #2,262
  • May 24, 2017 5:05pm May 24, 2017 5:05pm
Quoting jmn5611
{quote} Hi copi, thank you for the quote. I do not believe that institutions are looking at D1 charts. The reason is that the D1 chart in NY is not the same as the D1 chart in Shanghai, nor in Auckland. Candles in timeframes lower than W1 are arbitrary in my view, what is your thought on it? Do think that institutions use anything other than order flow? What do you think about it?
There are many different types of institutional traders. Active day traders, 2 tick scalpers (yes you do get scalpers in the institutional space) , long term pension fund investors, traders who do not even look at charts and just use neural networking /ai models to give them scores (value) and risk size etc etc

It doesnt matter what timeframe you trade on, the markets are fractional in nature, so I could preform the same measurements on a 1 min chart or a 1 hour chart.

Time charts do differ for us in the retail space but institutions will have a standardised timeframe so when the NY desk closes they will hand over their positions to the Asian desk who then hand over to the European desk. At hand over the trades will be discussed, targets to be met etc. In fact often the instruction will be to take the market in the opposite direction of their position in the low volume period.
They do this because the want to accumulate more stock and its far cheaper to manipulate price in the low volume period.
Boxing clever since 76.
  • #2,263
  • May 24, 2017 7:16pm May 24, 2017 7:16pm
Quoting VEEFX
Does Risk stay the same when trading one lot or 10 mini lots or 100 micro lots with 10 pip SL???
For a profitable trader the risk is the same because he/she sees risk in pips and not monetary value.
Read in between the price!!!
  • #2,264
  • May 25, 2017 1:50am May 25, 2017 1:50am
Quoting VEEFX
{quote} Adds no value to post an empty chart. How? pl share details for the curious mind {quote} Here's mine just in case you need a bit of motivation.... 1000 pips on GCAD.... all automated entries {quote} and more pips on NU and UC {quote} and getting fucked with UJ {quote} but AUD pairs going strong... it's all give and take and netting it out at the end to glory {quote} Which measure results in more consistency? pips, $ or %? {image} {image} {image} {image}
I noticed that your entries are clustered around price levels. Is your EA an HFT type trader?

Quoting VEEFX
That is why I advocate a strategy which ignores / accommodates wicks during illiquid times. Spikes kills... we cannot catch them but we can certainly avoid them. Entry and exit on spikes can never by consistent because of manipulation of order flow by the people at desk watching 24x7 And let's avoid spread widening to take out your entries and exits...also i our control and a preventative mechanism to avoid/ignore/protect us from manipulators And trade across pairs with small size to avoid manipulators and use currency behavior towards our advantage...
I have to give you credit for messing with yen pairs. Over the years I have become paranoid of the Central Bank of Japan.
If you are good at something, never do it for free--Joker
  • #2,265
  • May 25, 2017 2:50am May 25, 2017 2:50am
Quoting VEEFX
{quote} Adds no value to post an empty chart. How? pl share details for the curious mind {quote} Here's mine just in case you need a bit of motivation.... 1000 pips on GCAD.... all automated entries {quote} and more pips on NU and UC {quote} and getting fucked with UJ {quote} but AUD pairs going strong... it's all give and take and netting it out at the end to glory {quote} Which measure results in more consistency? pips, $ or %? {image} {image} {image} {image}
For me I think %, although a positive pip gain over losses would influence the %.
Read in between the price!!!
  • #2,266
  • May 25, 2017 4:36am May 25, 2017 4:36am
Quoting VEEFX
{quote} Adds no value to post an empty chart. How? pl share details for the curious mind {quote} Here's mine just in case you need a bit of motivation.... 1000 pips on GCAD.... all automated entries {quote} and more pips on NU and UC {quote} and getting fucked with UJ {quote} but AUD pairs going strong... it's all give and take and netting it out at the end to glory {quote} Which measure results in more consistency? pips, $ or %? {image} {image} {image} {image}
Are those trades executed by an EA or manual? Great trades tho!
This is not investment/trading advise. Will not hold accountable for loss
  • #2,267
  • May 25, 2017 1:42pm May 25, 2017 1:42pm
Quoting VEEFX
{quote} all automated . ranges and more trades in range in a single currency pairs is a good thing BUT it could also reverse on me like UJ did. To avoid this, I have some exposure controls in place to avoid too much clobering of available margin into single pair or currency. Works well across some 350 open positions :-(
Why not use 1 account per Currency pair ?
Trade
  • #2,268
  • May 25, 2017 2:28pm May 25, 2017 2:28pm
Quoting VEEFX
{quote} Plus keep in mind I cannot hedge and have to keep the position size different to bypass FIFO. all my trades are directional... following trend at cross-dimensional pair+TF combination... as trends definition and scale is based on TF
Ah USA forgot that existed.
Trade
  • #2,269
  • May 25, 2017 3:58pm May 25, 2017 3:58pm
what a bunch of suckers and complete idiots



The-Flipper
Copernicus

are the only true contributors to this forum
  • #2,270
  • Edited May 26, 2017 2:51am May 25, 2017 4:09pm | Edited May 26, 2017 2:51am
Quoting VEEFX
... in trending markets, winning pairs will always move 'faster' than ranging markets {image}
Which is why I'm quoting this for record keeping and posterity
  • #2,271
  • May 25, 2017 4:28pm May 25, 2017 4:28pm
Quoting VEEFX
{quote} This does not apply to me as most of my posts are deleted before you get to it lol
I read your posts too. you're not confused, you are confusion itself.
  • #2,272
  • May 25, 2017 5:35pm May 25, 2017 5:35pm
Quoting HeyYou
what a bunch of suckers and complete idiots The-Flipper Copernicus are the only true contributors to this forum
Thank You! This is very good to know.
Ecclesiastes 1:9
  • #2,273
  • May 26, 2017 6:57am May 26, 2017 6:57am
Attached Image


Read in between the price!!!
  • #2,274
  • May 26, 2017 7:16am May 26, 2017 7:16am
Quoting CindyXXXX
{quote} I can hear your balls shrinking all the way from Tasmania Australia Are you in your shitty appartment trying to put something together to impress us with??? https://youtu.be/62Cd7C7F_3M
Hi Cindy,
I see Wally WolGod didn't come through with his promised trade.

He is definitely giving Aussies a bad name. I can only hope he doesn't really live here. What a dropkick.

All blowhard, rubbishing everyone and everything if they don't agree with him. Though it would be hard to know how or what he actually trades, and therefore allow others to offer an opinion about how he trades (as he is very willing to offer HIS opinions about others)...... because it's all a BIG secret.

You are a joke WolGod.
  • #2,275
  • May 26, 2017 4:10pm May 26, 2017 4:10pm
This very thread has similarities to trends.
Early posters start building it up, a few influential posters join which causes others to jump in on it, the posting gains momentum, valuable things are mentioned, then there is a consolidation of useless pissing contests and arguing, which causes the value of the thread to retrace, after some time though it gains momentum eventually again and the cycle is repeated. At the moment we are in a consolidation again, perhaps it will just die off, or it will rise from the ashes for once more. And just like with trends, no one can predict what will happen next. Except for the so called influential posters (smart money), and people who follow them closely (isiders).
The truth is hidden from you
  • #2,276
  • May 26, 2017 4:12pm May 26, 2017 4:12pm
And just like in forex, while this thread shows no momentum currently . It doesn't mean that the entire forexfactory posting momentum died down, it just moved towards other threads.
The truth is hidden from you
  • #2,277
  • May 26, 2017 4:16pm May 26, 2017 4:16pm
Futhermore, it doesnt matter what happened during the previous pages. If we randomly get a highly influential member posting here again. The thread will gain posting momentum just like a news release... or not
The truth is hidden from you
  • #2,278
  • May 26, 2017 8:47pm May 26, 2017 8:47pm
LOL

HAHA
  • #2,279
  • May 26, 2017 11:06pm May 26, 2017 11:06pm
Quoting freakout
So... I have 5 years of experience, I know price action, I know how to trade with trend, I know how to manage risk, etc., but I still don't have a strategy. Is this normal or it's a waste of time? I'm not looking for a holy grail, but for something really simple with 50% accuracy at 1:2 ratio. 3-5 trades per day during EU session and that's all. I tried to trade H1-H4 pullbacks, pivots, breakouts and many other strategies but without any success... Should I continue my searches or it's time to leave it?
Hi, 5 years still no strategy is totally normal. I took 8 years to know a strategy is needed and started to build up my own one. It then took again 2 years and now I finally have my own which is fits me personally. I think you are in right way. What you need is just time and keep searching. If you give up now and the time and the force you have made before are all gone, is it really you want? good luck.
  • #2,280
  • Edited 5:21am May 27, 2017 2:02am | Edited 5:21am
Quoting MaxenshteinD
valuable things are mentioned, .
so many valuable things

EA's don't work
indicators are outdated and/or lagging
entries are irrelevant
price is fake
wait, price is random
wait wait, price is random............ below the monthly chart!
trust bankers and econimists, don't ever look at price
trust inner voices

trust losers........... they tell you how to win!
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