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  • #5,361
  • Apr 1, 2014 10:40am Apr 1, 2014 10:40am
Quoting EatPIPs
{quote} The few traders I know in real life (friends), I can speak for them as well as myself when I quote "at the end of the day, we don't really care about what makes the market move, as long as our analysis somewhat gives us direction accurately most of the time, we are all here only to make money, and that is all". And i'm not saying this in any disrespectful way to you or anyone else here, just sharing my view. Respect to you dude
Great to see you been making money dude. Additionally, if you could share precise calls like Nitsan that would be indeed great for everyone here i.e. a call with SL / TP etc.
Hello World!
  • #5,362
  • Apr 1, 2014 10:41am Apr 1, 2014 10:41am
Quoting jackeollio
{quote} I understand how you feel. Even if the market is "rigged", the laws of Supply and Demand still apply fully. Remember in one of my previous posts, I mentioned that Price Action (i.e. fluctuations) on your charts can ONLY occur because of variations in Supply and Demand. So even if the Market is "rigged", the ONLY way the people who rig the Market can affect the Market is by varying Supply and Demand. So, if you can measure Supply and Demand, the people who rig the Market are far less likely to be able to fool you! Cheers.
You're right, this is where your indicators could actually prove useful, as they measure something not normally seen by the retail people.
  • #5,363
  • Apr 1, 2014 10:42am Apr 1, 2014 10:42am
lOOk
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One Day U Will Miss me!
  • #5,364
  • Apr 1, 2014 10:43am Apr 1, 2014 10:43am
Quoting Northintel
{quote} You're right, this is where your indicators could actually prove useful, as they measure something not normally seen by the retail people.
Absolutely correct !

Not so much that they measure something not normally seen by retail traders but mostly because 98% of retail traders attempt to measure price fluctuations per se not realizing these fluctuations are first and foremost a reflection of variations in Supply and Demand.

As a result, retail traders who use conventional indicators and oscillators tend to have a far less reliable analysis of the Market.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #5,365
  • Apr 1, 2014 10:46am Apr 1, 2014 10:46am
Quoting ClockTrader
{quote} Great to see you been making money dude. Additionally, if you could share precise calls like Nitsan that would be indeed great for everyone here i.e. a call with SL / TP etc.
Thanks bro. I would love to - but i'd prefer to share my views on how I trade so it can help others from how I read charts rather than give out calls. I just don't want to influence new traders to just trade calls, rather have them learn to trade on their own accord. It's harder for them but stays with them!
To live a successful life, we must lose our fear of being wrong
  • #5,366
  • Apr 1, 2014 10:50am Apr 1, 2014 10:50am
Quoting jackeollio
{quote} I understand how you feel. Even if the market is "rigged", the laws of Supply and Demand still apply fully. Remember in one of my previous posts, I mentioned that Price Action (i.e. fluctuations) on your charts can ONLY occur because of variations in Supply and Demand. So even if the Market is "rigged", the ONLY way the people who rig the Market can affect the Market is by varying Supply and Demand. So, if you can measure Supply and Demand, the people who rig the Market are far less likely to be able to fool you! Cheers.

Very ry true but that is not something the average guy in this forum can do. I would love to learn from you if you know how to measure the actual supply and demand. There was a news article out today about how these high speed traders rig the market by fooling people into what the buy and sell orders are at. They place buy or sell orders and then cancel them. We get sucked in and then end up losing
  • #5,367
  • Apr 1, 2014 10:51am Apr 1, 2014 10:51am
Quoting stylinex
{quote} Very ry true but that is not something the average guy in this forum can do. I would love to learn from you if you know how to measure the actual supply and demand. There was a news article out today about how these high speed traders rig the market by fooling people into what the buy and sell orders are at. They place buy or sell orders and then cancel them. We get sucked in and then end up losing
care to provide the link?
  • #5,368
  • Apr 1, 2014 10:54am Apr 1, 2014 10:54am
Quoting stylinex
{quote} Very ry true but that is not something the average guy in this forum can do. I would love to learn from you if you know how to measure the actual supply and demand. There was a news article out today about how these high speed traders rig the market by fooling people into what the buy and sell orders are at. They place buy or sell orders and then cancel them. We get sucked in and then end up losing
I have studied HFT (High Frequency Trading) extensively. People who develop HFT algorithms are called Quants.

My methodology is not at all affected by these trading algorithms.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #5,369
  • Apr 1, 2014 11:01am Apr 1, 2014 11:01am
Quoting jackeollio
{quote} Absolutely correct ! Not so much that they measure something not normally seen by retail traders but mostly because 98% of retail traders attempt to measure price fluctuations per se not realizing these fluctuations are first and foremost a reflection of variations in Supply and Demand. As a result, retail traders who use conventional indicators and oscillators tend to have a far less reliable analysis of the Market.
Yes you're probably right, but in the absence of a crystal ball, then indicators, s&r etc are our tools to determine market direction as best we can.

Therefore, I'm not sure where you are going with this....or am I! ?
  • #5,370
  • Apr 1, 2014 11:04am Apr 1, 2014 11:04am
Quoting EatPIPs
{quote} Thanks bro. I would love to - but i'd prefer to share my views on how I trade so it can help others from how I read charts rather than give out calls. I just don't want to influence new traders to just trade calls, rather have them learn to trade on their own accord. It's harder for them but stays with them!
Its nice to see you wanna teach people how to fish instead of providing them a fish for meal

Maybe you should add one or more accounts in your trade explorer to share more. Your win rate on the H4 chart has always been great.
Hello World!
  • #5,371
  • Apr 1, 2014 11:07am Apr 1, 2014 11:07am
two target got it and one more
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One Day U Will Miss me!
  • #5,372
  • Apr 1, 2014 11:13am Apr 1, 2014 11:13am
Quoting jackeollio
{quote} I have studied HFT (High Frequency Trading) extensively. People who develop HFT algorithms are called Quants. My methodology is not at all affected by these trading algorithms.
Then I need to learn your methodology. I haven't yet found anything that beats the Quants.
  • #5,373
  • Apr 1, 2014 11:17am Apr 1, 2014 11:17am
I don't aspect you money just feel and understated some strategies share you bro
One Day U Will Miss me!
  • #5,374
  • Apr 1, 2014 11:25am Apr 1, 2014 11:25am
Quoting ClockTrader
{quote} Its nice to see you wanna teach people how to fish instead of providing them a fish for meal Maybe you should add one or more accounts in your trade explorer to share more. Your win rate on the H4 chart has always been great.
Yeah I may do that in the near future
To live a successful life, we must lose our fear of being wrong
  • #5,375
  • Apr 1, 2014 11:32am Apr 1, 2014 11:32am
Awaiting a possible 5M breakout
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To live a successful life, we must lose our fear of being wrong
  • #5,376
  • Apr 1, 2014 11:39am Apr 1, 2014 11:39am
Quoting EatPIPs
Awaiting a possible 5M breakout {image}
is that a pennant? in that case, it should breaks out to the downside?
cheers
  • #5,377
  • Apr 1, 2014 11:44am Apr 1, 2014 11:44am
Quoting Polaris4dy
{quote} is that a pennant? in that case, it should breaks out to the downside? cheers
Yes.
To live a successful life, we must lose our fear of being wrong
  • #5,378
  • Apr 1, 2014 11:44am Apr 1, 2014 11:44am
Quoting EatPIPs
{quote} Yes.
But it is also bang on the 1280 support so got to crack both.
To live a successful life, we must lose our fear of being wrong
  • #5,379
  • Apr 1, 2014 11:45am Apr 1, 2014 11:45am
Quoting Landline
{quote} Yes you're probably right, but in the absence of a crystal ball, then indicators, s&r etc are our tools to determine market direction as best we can. Therefore, I'm not sure where you are going with this....or am I! ?
I certainly don't recommend that anybody use a crystal ball to trade the Market and I don't use one myself (simply look at my charts - not much guessing there). That being said, traders who use indicators and oscillators many times appear to me as though they are using a crystal ball to trade the Market.

My explanation as to where I'm going with this is as follows :

1) most people have an irrational fear of the Market. As a result, they keep losing money trading the Market simply because they don't "know" and "understand" the Market. You always fear what you don't know.

2) most people believe that to be successful trading the Market they need to find the "right" combination of indicators and oscillators to measure price fluctuations. While they may certainly be successful at trading using conventional indicators and oscillators, they still won't "know" and "understand" the Market until they "know" and "understand" Supply and Demand.

3) if you don't know how to measure Supply and Demand, I strongly suggest you make every effort necessary to find out or, better still, you can simply use a tool that can do it for you.

Cheers.
Using the FIA, traders need only "Sell the Highs" & "Buy the Lows".
  • #5,380
  • Apr 1, 2014 11:51am Apr 1, 2014 11:51am
Quoting jackeollio
{quote} I certainly don't recommend that anybody use a crystal ball to trade the Market and I don't use one myself (simply look at my charts - not much guessing there). That being said, traders who use indicators and oscillators many times appear to me as though they are using a crystal ball to trade the Market. My explanation as to where I'm going with this is as follows : 1) most people have an irrational fear of the Market. As a result, they keep losing money trading the Market simply because they don't "know" and "understand" the Market....
Everyone has their own strategies and systems (hopefully). Some love certain indicators while others hate them. As long as a system works for you whatever it may consist of, then it shows there is something valid within it.

I trade on naked charts using basic TLs SR zones etc and as long as I trade with patience and correct risk, for me it pays off (not always but most times). I can't use indicators, not even MA's, for me I can't trade successfully with them, for others, they can't trade successfully without them. Everyone has their own methods.

S/D is a very good to know and kudos to you for using it the way you do
To live a successful life, we must lose our fear of being wrong
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