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Flying Dutchman

  • #2,421
  • Jul 30, 2022 10:00pm Jul 30, 2022 10:00pm
Quoting T721
{quote} retailers trading 0.1 will not move any forex pair, not even 10,000 retailers tarding 0.1 will move a pair. it takes roughly 30mill or so to move EU 1pip
You would be surprised by how many people have come to a slightly different conclusion of what happens when a trade gets placed.

If the trade, at that instant happens to be top of the pile, price will react against. Every time. There is no requirement for a search for liquidity, not at our level or should I say my level, broker takes the opposite. Guaranteed.

Drop a trade onto a fast momentum market and the move against will be swamped but rest assured, your trade creates a reaction.

Thats why back testing a method to trading live will create a different response, your trade is missing from the data. Difficult concept to get one’s head around.

The Algo theory on which this thread is loosely based becomes more solid when accepting that the Algo immediately allocates the trade within the brokers operating parameters.

Just my own theory of course.

Cheers.
  • #2,422
  • Jul 31, 2022 1:06am Jul 31, 2022 1:06am
These trades... High Probability trades happen every single day...Multiple A+ setups daily,,,,,
The markets move in a highly organized manner. The charts...ALL CHARTS regardless of Asset class Move the same.
Why? Because the charts are traded by people...People with "LIMBIC EMOTIONS" That is every single trader bar none.
Charts are a representation of RATIONAL HUMAN BEHAVIOR....Thus Predictable and PATTERN FORMING.

Think about it......

The Insurance industry is built on probabilities.....of Human behavior...the same as ALL MARKETS.

That is why some of the worlds best traders and quants use PATTERNS... The ALGOS run on PATTERNS.
If you cant see it your not thinking broadly or deeply enough..

Here are some charts from July 29 BTC GU and AU... Simple trades...( I didn't say easy) But relatively easy once you
understand Market Mechanics and Market Psychology (two different things in all reality)....

I spent not only years...but decades...yes decades upon decades actually.... using every indicator and method under the sun. Making phenomenal gains
and losing phenomenal amounts too. I use to make my charts on graph paper from the Newspaper quotes... Line charts.. I use to trade from a simple quote terminal hooked direct to the broker...trading from that price only with zero charts... Why do i say all this only for the reason of I've seen a lot and done a lot.

AND I DISCOVERED SIMPLE IS BEST... BECAUSE IT IS HIGHLY DUPLICATABLE !! thus I can trade only high probability set ups that are SCALEABLE....

Simple Repeatable patterns...I believe it was Linda Raschke that said you can make a great living off one pattern...Its true...very true...But we as humans love to complicate the shit out of everything...I know I did for a very long time.

So the point of my ramblings is just keep things simple...Learn to limit your use of indicators and understand Market structure/Mechanics/Psychology ( no not personal psychology) What did the PIT TRADERS do when price ran rampant up the scale taking out the previous days high then the weeks then price hits a major round number.... ??? Thats all we trade is price...Price and Time are KING

Hope these charts spark someones thoughts and it clicks for you... Everything is on these charts that one needs.. Entries,and Add-Ons,, Targets,,
Stops..
I sincerely hope this clicks with someone.. You can do it too

Cheers and all the best to all
Blue
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Master your Mind,,,Master the Market
  • #2,423
  • Jul 31, 2022 3:38am Jul 31, 2022 3:38am
Quoting bluesteele
I sincerely hope this clicks with someone.. You can do it too Cheers and all the best to all Blue
Thanks and I really like your concept of adding!!
I'd never thought about that (I think because I'm mostly caught on the other side lol)
I assume you can keep a tight stop on these adds?
  • #2,424
  • Jul 31, 2022 7:57am Jul 31, 2022 7:57am
Quoting bluesteele
These trades... High Probability trades happen every single day...Multiple A+ setups daily,,,,, The markets move in a highly organized manner. The charts...ALL CHARTS regardless of Asset class Move the same. Why? Because the charts are traded by people...People with "LIMBIC EMOTIONS" That is every single trader bar none. Charts are a representation of RATIONAL HUMAN BEHAVIOR....Thus Predictable and PATTERN FORMING. Think about it...... The Insurance industry is built on probabilities.....of Human behavior...the same as ALL MARKETS. That is why some...
thank you, Kevin
  • #2,425
  • Jul 31, 2022 9:14am Jul 31, 2022 9:14am
[quote=bluesteele;14084155]These trades... High Probability trades happen every single day...Multiple A+ setups daily,,,,, The markets move in a highly organized manner. The charts...ALL CHARTS regardless of Asset class Move the same. Why? Because the charts are traded by people...People with "LIMBIC EMOTIONS" That is every single trader bar none. Charts are a representation of RATIONAL HUMAN BEHAVIOR....Thus Predictable and PATTERN FORMING. Think about it...... The Insurance industry is built on probabilities.....of Human behavior...the same as ALL MARKETS. That is why some of the worlds best traders and quants use PATTERNS... The ALGOS run on PATTERNS. If you cant see it your not thinking broadly or deeply enough.. Here are some charts from July 29 BTC GU and AU... Simple trades...( I didn't say easy) But relatively easy once you understand Market Mechanics and Market Psychology (two different things in all reality).... I spent not only years...but decades...yes decades upon decades actually.... using every indicator and method under the sun. Making phenomenal gains and losing phenomenal amounts too. I use to make my charts on graph paper from the Newspaper quotes... Line charts.. I use to trade from a simple quote terminal hooked direct to the broker...trading from that price only with zero charts... Why do i say all this only for the reason of I've seen a lot and done a lot. AND I DISCOVERED SIMPLE IS BEST... BECAUSE IT IS HIGHLY DUPLICATABLE !! thus I can trade only high probability set ups that are SCALEABLE.... Simple Repeatable patterns...I believe it was Linda Raschke that said you can make a great living off one pattern...Its true...very true...But we as humans love to complicate the shit out of everything...I know I did for a very long time. So the point of my ramblings is just keep things simple...Learn to limit your use of indicators and understand Market structure/Mechanics/Psychology ( no not personal psychology) What did the PIT TRADERS do when price ran rampant up the scale taking out the previous days high then the weeks then price hits a major round number.... ??? Thats all we trade is price...Price and Time are KING Hope these charts spark someones thoughts and it clicks for you... Everything is on these charts that one needs.. Entries,and Add-Ons,, Targets,, Stops.. I sincerely hope this clicks with someone.. You can do it too Cheers and all the best to all Blue {image}{image}{image}{image}{image}{image}{image}[/quote

Wow and I thought it was me and very few others who knew about 4's and upside down 4's lol.
  • #2,426
  • Edited 12:09pm Jul 31, 2022 11:43am | Edited 12:09pm
Quoting Onra
{quote} Thanks and I really like your concept of adding!! I'd never thought about that (I think because I'm mostly caught on the other side lol) I assume you can keep a tight stop on these adds?
Hi Onra...

The idea is when you trade at certain times i.e. NY Equity open 930am we have (generally) volatility with loads of volume...and when you get the trade correct at these certain times generally price moves strongly in your favour...Or against you and your out...

So with a quick moving market around equity market opens I would use an initial 10-15 pip stop (structure based)
...On a more aggressive entry it can be 5-7 pips. When I am entering say on a double bottom ,,,catching a wick. With all that said.. The stops become dynamic not static as a trade unfolds.

So with my intial trade and with add ons at equity opens all of my stops become a 1 bar trailing stop. Its aggressive and keeps your losses small and can easily lead to high R:R trades. I will also use a 3 bar trailing stop as well.

Here's a great article and a video from Cory Mitchell.... A fellow, highly successful, Canadian trader.... BTW he has some great all around trading material...Highly recommend browsing his site great free content for all.

So in my long winded way yes the stops are tight

Cheers
Blue


https://tradethatswing.com/the-aggre...-quick-trades/


Inserted Video


EDIT: Added chart to show the use of the 8EMA High Low Channel... Another tool I use for Trade mgmt..it is highly effective as well and it is what I prefer when trading the US Indices.... Stops can be as a bull/bear bar (depending long or short) closes IN the channel..or closes on opposite side of channel..Quite simply a channel stop. SO with entries on the 1minute I normally use a 5 min channel for mgmt. Thought id better add in this extra tidbit as I have alluded too in the past

Attached Image (click to enlarge)
Click to Enlarge Name: SPXUSDM5 July 29 2022 1 bar stop and 8EMA Channel stop.png Size: 46 KB
Master your Mind,,,Master the Market
  • #2,427
  • Edited 1:25pm Jul 31, 2022 1:14pm | Edited 1:25pm
Quoting bluesteele
These trades... High Probability trades happen every single day...Multiple A+ setups daily,,,,, The markets move in a highly organized manner. The charts...ALL CHARTS regardless of Asset class Move the same. Why? Because the charts are traded by people...People with "LIMBIC EMOTIONS" That is every single trader bar none. Charts are a representation of RATIONAL HUMAN BEHAVIOR....Thus Predictable and PATTERN FORMING. Think about it...... The Insurance industry is built on probabilities.....of Human behavior...the same as ALL MARKETS. That is why some...
Blue,

Great examples for illustration purposes, in the case they consistently work in real time...

But please, at least show the broker's statement from limited period of time of the live account where you made those great trades, to stop this uncertainty once and for all. You can shade some figures (like the size of the account/trades) for personal privacy; or use myfxbook with filters (something I've only seen Zoltan doing, so what's the problem? Some images can be stronger than a thousand words); or at least least some trade history on the chart?

Although, of course any track record could be also "doctored"; but hey, still better than nothing.



EDIT: calling trades before they unfold is also an option; something that was also proposed by Rick months if not years ago...
  • #2,428
  • Jul 31, 2022 4:00pm Jul 31, 2022 4:00pm
Quoting Viktor
{quote} Blue, Great examples for illustration purposes, in the case they consistently work in real time... But please, at least show the broker's statement from limited period of time of the live account where you made those great trades, to stop this uncertainty once and for all. You can shade some figures (like the size of the account/trades) for personal privacy; or use myfxbook with filters (something I've only seen Zoltan doing, so what's the problem? Some images can be stronger than a thousand words); or at least least some trade history on...
Haven't seen you ask that before Vik, not on this thread.
On who's behalf are you asking?
  • #2,429
  • Edited 9:26pm Jul 31, 2022 7:19pm | Edited 9:26pm
Quoting moodybot
{quote} Haven't seen you ask that before Vik, not on this thread. On who's behalf are you asking?
On behalf of me, or anyone who would like to see that kind of openness/transparency...

It's simply something I've always thought to ask in general, but unfortunately regarded as annoying by most, often reacting defensively: "non of your business", they say; "I don't have anything to prove"; "it wouldn't solve anything"... etc... Well, I think it would help both belief and disbelief.

Also, I ask because it's something I would gladly show if I could. I ask because it's easy and quick to perform, same or less than sharing so many historical charts with drawings and annotations (which I won't deny, also serve the purpose of teaching/helping, in the case of being genuine [the BIG INCOGNITA], backed up by truth/reality). I ask because very few traders actually do it (some even before others ask), or are willing to.

You know, since about 10 years I've been able to make some great trades, crack some sessions and even periods of time (days-weeks), some perhaps as nice as what many apparently knowledge people show in hindsight, after the fact, so at times I could also look as a good trader knowing his shit on the game; but only curve-fitted. Admittedly (at least in part maybe because I've never really invested enough time/effort) never in a sustainable way, successfully mastering a consistent edge (being myself not versatile enough or whatever) through time, such that it could provide me with consistent months, year after year... So of course if I could, I would kindly show stronger/further proof in order to inspire what is possible.

I question everything and everyone. Very few people put their own money or "reputation" where their mouth is...
  • #2,430
  • Jul 31, 2022 7:39pm Jul 31, 2022 7:39pm
Quoting Viktor
{quote} On behalf of me, or anyone who would like to see that kind of openness/transparency... It's simply something I've always thought to ask in general, but unfortunately regarded as annoying by most, often reacting defensively: "non of your business", they say; "I don't have anything to prove"; "it wouldn't solve anything"... etc... Well, I think it would help both belief and disbelief. Also, I ask because it's something I would gladly show if I could. I ask because it's easy and quick to perform, same or less than sharing so many historical...
I'll leave it for Kev to answer .
Personally I couldn't careless what anyone else says or claims, unless they are up to no good.
I'll categorically state now that I'm on demo. No need for a 'live' account with any broker.
  • #2,431
  • Jul 31, 2022 7:57pm Jul 31, 2022 7:57pm
Quoting moodybot
{quote} I'll leave it for Kev to answer . Personally I couldn't careless what anyone else says or claims, unless they are up to no good. I'll categorically state now that I'm on demo. No need for a 'live' account with any broker.
Again, I ask out of curiosity. There's nothing wrong with it, and it's more than only "claiming" for the sake of doing it.
This time came towards Kevin, simply because he provided the last example I saw fitting with my thoughts about it.

But hey, of course no one here will do it!

Are you on demo because of trading with a "virtual prop-firm", or because it's only a hobby for you? I mean, even if I didn't need the extra money, if I'm going to spend time for trading, and I'm consistency good, it would be absurd to not extract some monetary profit from the activity at the same time, with little to none extra effort (unless week mindset/emotional control betraying live results; but live/real is the only one that really counts, you know). If it's with props, then great, good job.
  • #2,432
  • Jul 31, 2022 8:00pm Jul 31, 2022 8:00pm
Quoting Viktor
{quote} Again, I ask out of curiosity. There's nothing wrong with it, and it's more than only "claiming" for the sake of doing it. This time came towards Kevin, simply because he provided the last example I saw fitting with my thoughts about it. But hey, of course no one here will do it! Are you on demo because of trading with a "virtual prop-firm", or because it's only a hobby for you? I mean, even if I didn't need the extra money, if I'm going to spend time for trading, and I'm consistency good, it would be absurd to not extract some monetary...
What I'm doing is private to me however I have mentioned it in the thread.

Cheers.
  • #2,433
  • Jul 31, 2022 9:45pm Jul 31, 2022 9:45pm
Quoting bluesteele
{quote} Hi Onra... The idea is when you trade at certain times i.e. NY Equity open 930am we have (generally) volatility with loads of volume...and when you get the trade correct at these certain times generally price moves strongly in your favour...Or against you and your out... So with a quick moving market around equity market opens I would use an initial 10-15 pip stop (structure based) ...On a more aggressive entry it can be 5-7 pips. When I am entering say on a double bottom ,,,catching a wick. With all that said.. The stops become dynamic...
Once again great content Kevin.

Dave
K.I.S.S.
  • #2,434
  • Jul 31, 2022 11:33pm Jul 31, 2022 11:33pm
Quoting bluesteele
{quote} Hi Onra... The idea is when you trade at certain times i.e. NY Equity open 930am we have (generally) volatility with loads of volume...and when you get the trade correct at these certain times generally price moves strongly in your favour...Or against you and your out... So with a quick moving market around equity market opens I would use an initial 10-15 pip stop (structure based) ...On a more aggressive entry it can be 5-7 pips. When I am entering say on a double bottom ,,,catching a wick. With all that said.. The stops become dynamic...
Good Morning bluesteele
Your input in flying Dutchman thread ignite some new thought in my mind based on George target theory,
I request you to give some valuable input.
  • #2,435
  • Jul 31, 2022 11:43pm Jul 31, 2022 11:43pm
Quoting fmsfx
{quote} Once again great content Kevin. Dave
Thanks Dave... Happy you found something useful !

Cheers !
Master your Mind,,,Master the Market
  • #2,436
  • Jul 31, 2022 11:45pm Jul 31, 2022 11:45pm
Quoting Viktor
{quote} Blue, Great examples for illustration purposes, in the case they consistently work in real time... But please, at least show the broker's statement from limited period of time of the live account where you made those great trades, to stop this uncertainty once and for all. You can shade some figures (like the size of the account/trades) for personal privacy; or use myfxbook with filters (something I've only seen Zoltan doing, so what's the problem? Some images can be stronger than a thousand words); or at least least some trade history...
Thanks for the suggestions Viktor...
These examples all work in real time without question...But thats up to you or any other trader to do the homework and test yourself...and Its whether we are at the charts trading to capture these.. I mainly trade US Indices..and pu trades on other assets when I see a great setup. Do they win all the time Nope ! What I have shown today with these open trades is simply one of my many setups.

Sorry but I dont show statements to the general public. Or post silly meaningless +% gains(like some others).. For who and for what? Im far past my ego needing a boost lol. Not what I am here for...

"to stop this uncertainty once and for all" HUH ? Im not sure WHO is uncertain about WHAT ? Sorry but Im not the uncertainty Dr.

As for Zoltan he is Commercial and charges money to traders...I would expect he show some sort of statements for those handing him money or any trader engaged in Commercial services to traders. Currently thats not me.

And most importantly Vik is this... As you stated and I agree ,Anything posted can be altered.. I guarantee if I post my statements as you suggest it will open a can of worms of disbelievers. Or shall I just post Today I have earned 14.5% yesterday 4.2%...oh wait I dont make any claims whatsoever so perhaps you should ask for statements of those making such claims. Just my suggestion.

But again most importantly what stays the same Vik is my chart matches your chart and the next guys chart...and the next guys etc and so on... That can not be faked...That is real..That is duplicatable. Do your own homework on what works and what is profitable for you... Because Im not trading your account ..you are

So there is no problem on my end of things... If others have a problem with me or what I say or my charts they simply have the choice of ignoring me. Thats OK

And lastly when Im trading I am generally not posting on the forum. and I do share some trade history with close friends thats all.

All the best
Blue

PS I have had thoughts of doing some sort of "commercial" activity in the future..perhaps in the next few years...If and when that does happen I would have no problem showing details to my students or clients..But even then not publicly. So Until then.....
Master your Mind,,,Master the Market
  • #2,437
  • Aug 1, 2022 4:39am Aug 1, 2022 4:39am
Quoting Viktor
{quote} Blue, Great examples for illustration purposes, in the case they consistently work in real time... But please, at least show the broker's statement from limited period of time of the live account where you made those great trades, to stop this uncertainty once and for all. You can shade some figures (like the size of the account/trades) for personal privacy; or use myfxbook with filters (something I've only seen Zoltan doing, so what's the problem? Some images can be stronger than a thousand words); or at least least some trade history on...
Here ya go Vik...
Trade history on a chart... As I said its a consistent entry method... Something I learned from Al Brooks trading US indices on the Open.
All markets are the same. This is a typical "algo"trade (at least the entry) . 18 bars 90 minutes for 64 pips.

All the best
Blue

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 Aug 1 2022 Long on Break of Open 4 Target BRN 162 64 pips.png Size: 53 KB
Master your Mind,,,Master the Market
  • #2,438
  • Aug 1, 2022 4:53am Aug 1, 2022 4:53am
Quoting bluesteele
{quote} Here ya go Vik... Trade history on a chart... As I said its a consistent entry method... Something I learned from Al Brooks trading US indices on the Open. All markets are the same. This is a typical "algo"trade (at least the entry) . 18 bars 90 minutes for 64 pips. All the best Blue {image}
Im sure Vik will be appreciative of your paint by number….. Excuse me.. trading skills Kev..
  • #2,439
  • Edited 6:19am Aug 1, 2022 5:44am | Edited 6:19am
Quoting bluesteele
{quote} Here ya go Vik... Trade history on a chart... As I said its a consistent entry method... Something I learned from Al Brooks trading US indices on the Open. All markets are the same. This is a typical "algo"trade (at least the entry) . 18 bars 90 minutes for 64 pips. All the best Blue {image}
Liquidity to the left and a nice upside down 4. Need to study your chart more closely though cos my horizontal 4 line wouldn't have been where yours is so I know there is something to learn from you (or Al Brooks and I have all his stuff)
  • #2,440
  • Aug 1, 2022 7:06pm Aug 1, 2022 7:06pm
Quoting handy148
{quote} Liquidity to the left and a nice upside down 4. Need to study your chart more closely though cos my horizontal 4 line wouldn't have been where yours is so I know there is something to learn from you (or Al Brooks and I have all his stuff)
Cheers Handy..
Im simply using the LSE/NYSE opens and always just plot the open...so my charts at LSE 10:00 and NYSE 16:30 are where my horizontal line will always be.
Looking for a trend trade or a reversal off the Equity markets open. So depending on what I see forming I will use a few different strategies to get in...

But the one thing my entire playbook uses is those two open times/price...

Will post up some charts to show a few different ways I use them...Had some FTSE shorts last night and my target was the LSE open price..

Post them up shortly..

And thank you for your comments...We all have so much to learn.. Its neverending and I think thats one of the reasons I have been passionate about trading for so long is the never ending pursuit of bettering ourselves thru trading... Saw a tweet the other day that sums it all up perfectly...

All the best
Blue

Attached Image (click to enlarge)
Click to Enlarge Name: Steven Goldstein Tweet.png Size: 22 KB
Master your Mind,,,Master the Market
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