good point mrchilled.
the stategy your stating here is basically, trading the news, which brings about a huge burst of volatility in a relatively short time specially if the expected deviation is met. but, the brokers know that, that’s why they ramp up the spread tenfold to ward off stradlers. Also, when stradling far enough from the current price, chances are less profits from the spike’s left overs, or get whiplashed with losses. Sometimes also even if the news result deviation is met, the surge goes in the opposite direction.
so you want people to prove to you it’s possible to make money trading?
It seems like this “debate” is a poorly masked attempt for your ego to find some salvation. You couldn’t be right about your trade ideas, so the only thing left is the idea that NOBODY can be right. Is it more soothing to your ego to assume everyone is failing, rather than to realize the truth… that it is YOU that is failing?
hi ms goldylox. thanks for a very sensible reply.if your system works for you then congratulations. i’ve tried it though but to no avail. regarding the “who placed the trade and why”, its correct that we cant have that explicit information because there’s no logbook for all the trading brains in the world . the closest thing that i know of to accomplish this is to monitor the current volume of buyers and sellers (spot and pending)for a particular instrument in real time is by having a level 2 feed which is used by the few scalpers who make real money. me excluded because a level 2 feed is usually not free. and i dont want to get into that.
i do believe that high impact news move the markets but is not guaranteed in the direction of the news even if deviation is met, and after the dust has settled, the darkness starts to fill in again.
i am still in the notion that price movements is GENERALLY random. you could enlighten me some more if you want
lastly, just for laughs, when critters around me hear the word “predict”, they say “hey you! don’t do gambling!”
for three years i’ve converted $250 to $4k+(non demo). not a groundbreaking feat if you ask me, and maybe your right that i’m frustrated, on why only this much of a profit. but not really, i have a good job at an oil and gas company and make a decent salary, but that’s out of the story. i’m looking for a way to beat the banks/brokers or at least level the playing field, no matter how too far fetched that maybe, but i’m still trying…
my aim here is to have someone proove/convince me that my position on the idea that price movements are GENERERALLY random is WRONG. can you do that? would appreciate it if you could…
So you’ve supposedly made 1600% profit in 3 years… And in your first post you ask for anyone who has made “decent consistent profit” to enlighten you…??? What is wrong with you…
thanks for the reply. i sure every trading individual has googled ways to defeat this “randomness”. and luckily i’ve encountered some good ones. but im still looking for the better “solution”. i could share it to you if you like, that is if i finish it though…
for me decent profit means it can be self sustaining. i dont think i can live for 3 years with only $3750+ of added income. but hey, everyone has his own dictionary. thanks for the reply. good day.
So whose fault is it that they only use such little capital… If you use 10k in capital… A very modest amount in this market… You would have had 160k right now… 53k a year…
If you’ve traded for 3 years and have not figured out that you can’t make a living on an account of only a few thousand dollars then you should definitely be sticking to your day job.
as i’ve said, im looking for the better “solution” to the randomness. if i do complete it i’l definitely ramp up the capital. as for now il just watch the P’s and L’s as they come, testing my incomplete “solution”.
No. why would i sell it? i’d give it to you all… why? the more people making trades the same as i do would “hopefully” drive the volatility more on our side thus giving a bonus to the “solution”. sort of our own ‘high impact news effect’. but thats just hypothetical. and honestly, i still have a long way to go.
I get what you say about predicting & I don’t have a crystal ball. I am not suggesting news trading. It is just simple patterns. They are economic patterns and they stand out like dogs balls.
A good example is this
I have basically been trading short only on Euro for over 12 months.
It is not based on any thing you see on a chart.
It is simply because of all the problems the Euro has been having.
The way I see it you would have had to be a complete idiot to have been risking going long on the Euro.
Look at the EU chart over the last 12 months. It did not go straight down, but the chart tells the story of the EU.
The Euro falling was not random. It was broadcast on every news channel.
Anybody that listens to the news could have told you which way to trade the Euro. You didn’t have to be some forex Guru.
But you are looking at the EU chart over the last 12 months, and saying “No the chart is completely random.”
Even though you are scalping, If you had have been short only on the Euro, you would have increased your chances.
Economic problems create a repeated pattern. Probably the best pattern you will ever find. But that is just 1 pattern. Sometimes you have to have patience.
BTW $250 - $4K is 100% per year. A bit better then bank interest!
. the closest thing that i know of to accomplish this is to monitor the current volume of buyers and sellers (spot and pending)for a particular instrument in real time is by having a level 2 feed which is used by the few scalpers who make real money. me excluded because a level 2 feed is usually not free. and i dont want to get into that.
