What was your "holy grail"?

I don't have a holy grail, but here are 2 of my guiding principles, that I will share with new forex trader. The forex is a structured market, not random (although there are times when PA is random). Its structure is based on 2 primary elements: 1. The forex is manipulated by central banks; and 2. The forex is "managed" by about 15 or so large banks (think of PA as a view of how banks collectively manage their book). These 2 things play our every day, and create an ongoing narrative that can help you understand why the market is doing what it is doing. I recommend looking at the 1H chart to witness this narrative, since that is the chart bankers use to enter and exit their trades.

Another thing: I cannot stand forums. There's so much just downright, shitty information out there on forums, websites, etc. And there are people who just hate. I still don't quite understand it... are people just jealous that they aren't succeeding in this business after years? I encourage you to keep trying and never quit but if you are going to spread negativity then fucking quit hahaha no one cares, at the end of the day the market still goes up and down. Like I said, I have been on and around FF several months prior to me making this account because there ARE some very good and valuable information hidden in some of these forums... you just have to know what you're looking for. But if you profit just fine, what's it to other traders trying to drag on how you see the market and how you trade? I hope traders realize that the best way to understand the market is by screen time... not by what some idiot is trying to drill into your head. This is a public domain to share ideas and special perspectives, if it helps you, then alright great. If you make money, you're winning. Who gives a shit about what other people have to say? There is no "right" way to trade. Some people believe that the market is controlled by central banks. Some people believe in order flow. Or, some people believe that the market is purely based on traders reacting globally at S/P levels. It is just how you see it. I find it so hysterical because some people chase after 2-5 pips and consider it a winning strategy, that's completely fine. But if you are going to bash on me because I'm young, please reconsider yourself. I at least picked it up. I'm tired of people on these forums running around and bumping into each other... it's right there. At the end of the day, I'm still making x amount of pips and I'm profiting. You think 2-5 pips is an achievement? Lol... right. If you want to be successful, chasing after a couple of pips isn't going to do shit unless you have a very large account. WHICH, I can guarantee that a majority (I did not say ALL because there are some very successful people just lurking around these forums) but a majority do not have a high capitalized account. If you struggle to catch just one pip a day and stress about such an insignificant amount, keep your horse shit to yourself. You have better things to worry about... like profiting.

GEfx,

Hi there, thanks for sharing. Yes, it is a structured market, definitely. I mentioned before that we retail traders must follow momentum silently, wherever price is going. We small traders cannot make movements on the market because we do not place orders in the millions. People who think it is complete randomness... that is just silly. Yes sir, of course I believe that every timeframe is different but you can very well peek at lower timeframes to find the best entry and exit points, or see in detail how the market is reacting. If you can trade one timeframe, you can trade all timeframes.

My "holy-grail" is this: "Plan the trade and Trade the plan" ...
And just like any plan-making, we have to have a set of tools to work with, otherwise we'll just be guessing ...
My set of tools is the technical-patterns which I waited to form in the D1 chart ... and it would be better if it's also backed by the technical-patterns formed in the W1 chart as directional reference ...
Only after I see a pattern forming (which I sometimes missed) will I then start planning a trade ...

In order of importance:

high leverage
intelligent compounding
something that has to do with pyramids
edge


does it make sense ?

I struggled a lot with trying to get the Holy Grail part, so I suggest people not to go for that. It can benefit us greatly if we keep it all very simple and straight forward. I have given up on Holy Grail instead I go with simple strategy which can go wrong and I am completely fine with it! I believe if we try to do anything crazy then we will only go backward instead of forward.

this seems to be a fascinating thread.


in my experience, the " holy grail "is a bit like quantum particles (double slit ) it looks different depending on your point of view.

I never set out to make a holy grail, I set out to make a somewhat safe EAs, I'm always losing capital in the markets but I'm also gaining a lot more then I'm loosing for some this is not the holy grail and yet for me ,I am happy.


Also, Ganative slow down on the salt perhaps eat a potato.

Momentum.
Trend.

The market is totally random. There is no solution for randomness
Don't think you will "feel" the market when you will have enough experience ...is impossible.
You will have a temporary success then failure will come again.
Don't try to "read" charts!
Only thing you can do is to master a money management scheme.
GL!

I disagree completely with the last poster, and this is why.

The market is not random. If it was, it would be impossible for any single individual to profit consistently from it, which is clearly not the case. For the retail day trader, it is all about reading charts, and eliminating the psychological factor here for the sake of clarity, it is only about reading charts.

Now to answer the main question.

I posted one response to this thread, and it was just to say in answer to the question, " What was your holy grail ", that " I was ", my holy grail. I will expand on that briefly. Of course, we all know that a holy grail to trading does not exist as some elusive hidden dynamic just waiting to be discovered. If that was so, then it would be just as possible for someone to discover it in a single week, than it would after several years hard, painful work. I've touched on this subject many times in my own threads, but for me the road to trading success, call it the quest for the trading holy grail if you like, is a lengthy one along which we learn gradually via a process of eliminating our mistakes whilst all the while expanding our knowledge of the markets until we arrive at that place where we have learned enough to be able not only to put on winning trades, but also to keep the money we earn from them, all of which requires a unique set of skills without which, in my opinion, it is impossible to make the transition from amateur to professional trader.

Holy Grails therefore, are not to be found, they grow within us with time. Yes, one can say that trading with the trend or momentum is the way to succeed, but that is far easier said that done...a fact corroborated by the statistics.

The market is not random. It moves on supply & demand, as any other market. Anybody who takes the time to look into how supply and demand manifests itself on the charts will see, that there is no randomness. Maybe you take random entries, but the professional money, who is capable shaping the price, is not taking random entries. By itself money management is worthless, it is not an edge alone, because you'd just split up the same pips in different ways anyway.

You need a way of entering and exiting the market, which contains an edge. And then comes the money management, which can further enhance your edge, by reducing risk, moving to breakeven, then securing profit.

Sometimes red diamonds are spewing the biggest bullshit on this forum.

Tried Forex, not for me, best bang for your buck is the futures market ,yes cost more to get in but cost less in round turn and if not day trading no cost to hold over night. As far as time frames I stick with 2 min. 5 min. and 10 min. also check 60 min. for support and resistance . Indicators BollingerBand, TMA'S, Stochastices, Momentum. and learn to read price action.

Hey, buzz off smart ass! You can't demonstrate long term is not random... your naive crap comes from brokers propaganda
See you again after few years when you will have already busted few accounts, you supply/demand freak

He said nothing about long-term. He said, "The market is not random. It moves on supply & demand, as any other market. Anybody who takes the time to look into how supply and demand manifests itself on the charts will see, that there is no randomness." He is correct in his observations, and I think he would agree that the S/D levels he is trading today, will not likely apply in 4 or 5 years, since new S/D levels are being created over time. What he knows is, how to trade the S/D levels that will be present in 4 or 5 years. He's figured out what the market is doing, which is really good. I'd recommend taking it one more level, to why PA does what it does, but mastering a what like S/D is really good. Because if you see the market as being random, then you are a fool to trade it, and the only MM that will save your account is a steady stream of deposits.

If there's one thing every trader should realize is that the market can't do anything else but changing directions from the smallest tick-by-tick movements to the small minutes-hourly-daily swings, up to the bigger weekly-trends and monthly cycles ...
The randomness is applicable to the timing of the changing-period, i.e., of the when it will happen, but the change-of-direction itself will surely happen ...
Learning to identify trend-reversal patterns is an appropriate thing to do to be able to ride a new trend as early as possible ...

tons of research and as a result, highly accurate reversal patterns on the lower timeframes but its not visible for the normal trader.
you have to code a programm to see it. i think this could be the reason why its working because its a unique approach.
if you trade like everyone else, you will lose like everyone else.

Interesting gamative.
Do you trade everyday? Or the 3 days a week?

So what risk/reward per week do you consider success? AND what risk/reward are you experiencing per week?

2:1, 3:1??

No, you don't need to code a program to see it. It's actually pretty obvious when it happens. You just have to know what you're looking for.

Wrong, market moves only on:
- import-export flows;
- monetary policy decisions (involving economical and financial data);
- "Big Dogs" speculations;
Period.
(retailers follow those shark lines like guppies)

You can see accumulation (S/R levels on charts) ok, you can call them whatever you like, even supply/demand

Ok, don't bother to answer, I am no more interested in this debate ...I'm outta here

...aaa, ok, you're right, I am wrong you win
Peace

(If you're asking me) ... In some months I can open up to 5-6 trades a month, but there are some months where I can't open any trade because the patterns aren't there at all (or I might miss them) ... On average, my trade-frequency is about 2-3 trades a month ...
As for the RRR, I always use 1:1 initially to calculate the TP but then I'll use Trailing-SL once the trade is going in the intended direction ...