Thank you for your effort. It may take time but I will try to absorb all these, ha!
Basically, the bell curve shows when price moves 20 pips. Its a significant move coz it can either 1-continue 2-stop and reverse 3-stop and reverse 20 pips and come back again. #3 happens 60% of the time. 40% of time #1 or #2 happens…
(this is quoted from the first page… sorry guys, I have to get this injected to my bloodstream so that I can become invisible… ;))
- “When price moves 20 pips…” - Price always moves 20pips easy… so whats significant? The move mentioned here, is it in the same direction or opposite direction?
- “…Its a significant move coz [U][B]IT[/B][/U] can either 1-continue 2-stop and reverse 3-stop and reverse 20 pips and come back again.” - If ‘[U][B]IT[/B][/U]’ means the price and NOT the trend; how would you explain the same points(#1,2 and 3) in the context of trends and directions?
I’m trying to correlate trends with this 20 pip move.
Thank you
relativity, I am wondering how many trades you take on average for a single pair? Take something like the EURUSD for example, how many setups would you say you get on the average day?
Is that a new method to eliminate the pair and just focus on one currency? Nice idea.
If you look at the USDxxx graph, you’ll notice that it looks just like the graph of the overall US indexes, I don’t know if you have looked at this yet, but it is pretty much the exact same.
well then relativity looks like you’re still doing awesome eh?
have you gone all out full-time yet?
I’m still running part time but regardless still making steady gains
This one is the nasdaq tracker etf, $QQQ. ITs not exactly the same, but I think you can pick out the similarities between the chart you posted of USDXXX. If I had to guess, I would hypothesize that the currency actually moves with the indexes pretty steadily, and that the isolated dollar chart you posted is a bit skewed from deriving the value in a relative sense.
But I am just guessing, I don’t even know if I fully understand how you isolated those, but I will have to take a deeper look when I have some more time.
Congrats on the move to full-time man. I hope it goes well, I’m still in the demoing and research phase so I haven’t even gone part-time yet. lol
EDIT: forgot the chart, here it is
hi relativity,
i had gone through this thread but i cant understand how to apply your strategy…
when to enter the trade, how to apply modified swing barrows, etc… im totally blank… i went through the posts twice… can you simplify me? the only thing i understood is that your SL is 20pips
can anyone explain me this strategy? awaiting your response…
can anyone help me by explaining this strategy step by step
relativity, I had a quick question about some of your trade history, I know you posted some kind of log somewhere in this thread, and if I remember correctly it showed a large number of breakeven “ish” trades (small wins/small losses and BE)
I was wondering what ratio of your trades fall into the “breakeven” (small win/small loss) category vs. the big wins?
I ask because I think I am seeing a pattern with successful traders that usually follows this; like you have said before all you need to do is avoid the big losses, and then naturally you will have some big winners along with the little winners and BE’s, so I am seeing a lot of people with the majority of their trades in the small win/small loss/BE category, with a propensity to accrue small wins and BE more than losses, and catching home-run trades by just letting the winners run when they need to.
ART, its a little hard to explain everything that is going on because relativity is just using some simple statistics to figure out what the norm is, and then he trades accordingly. The key to understanding what he is doing is all in understanding the statistics posted on page 1 of this thread. Everything else is a modification of that or building upon that, but without understanding the statistics none of it will make sense. I suggest you go back and look at them and think really hard about what they mean and how you would trade off of them yourself, and then come back and ask questions if you need to.
I dont know if you read my few posts on here but I’m pretty sure I’ve said this before in this thread, that Relativity’s “strategy” isn’t really a strategy in the conventional sense. If you watched Relativity, me and probably other people that are using Relativity’s methodology of trading (which is what I think this thread teaches) trade, we’d all be doing different things. The thing that connects them is that at their base they use the principles of where the losers are and where the winners are.
There isn’t one strategy where they can tell you “do this, put these parameters into these indicators, buy when the indicator does this and sell when the indicator does this”.
A strategy like that may work for a week, or two, maybe even a few months, but eventually things in the market will change and it will stop working. The person who developed it will know what to do to change it for the new market conditions, and he/she might even sell their new system or update it, but in the end when they disappear with their millions, you’ll be left in the dust not knowing what to do and most likely losing a lot of money cause you never developed a proper style of trading.
This thread/Relativity’s Methodology I believe teaches you what the REAL fundamentals are in the market (not fundamentals in the trading sense but fundamentals as in what actually make price move a tick up or a tick down). It pulls back the curtain of candlesticks and indicators to show you who and what is drawing those candlesticks and indicators on your chart.
Once you know that, the worst thing you can do is depend on someone else to make a system for you, because you have to make a system that is tailored to your psychology, your time zone, YOUR LIFE!
Think of it as a suit, you can get an off the rack suit, that will fit okay, and will be fine for going to your first job interview and maybe even a nice first date, but after a while you’ll begin to notice it doesn’t really fit right, and you dont at all look like the guy in the picture.
That’s where tailored suits come in, they fit perfectly because they’re made for you.
of course there aren’t trading system tailors, and if there are I imagine they would cost A LOT OF MONEY, something we dont have, but this thread gives you the cloth, needles and string to build your own suit/style/system!
trust me, keep reading this thread over and over.
and for the most part try to keep a completely NAKED chart. that is the goal. TO HAVE NOTHING on your chart
see this
Only put things on your chart that you know you can make, and that you know that if MT4 dissapeared and all you had was a stream of quotes you’d be able to make yourself.
[B]LEARN TO PROGRAM!!![/B]
it will help your trading immensely and there’s so many resources to learn how to program its riddiculous
Learn to code | Codecademy
that is an awesome site to learn how to program, you will learn the basics, and them MT4 is just a step away most programming languages have the same type of basics, just syntax (how things are written) differs from language to language
Remember you don’t need to become rich overnight, spend time honing and gathering your tools.
ALSO there is no way to make money that is “easy” everything takes work, the only easy way to make money is winning the lottery and the chances of that are slim to none but forex and trading has a very VERY high payoff if you put in good work.
[B]If you don’t want to put in the work to learn(and this goes for anything) then I think I speak for Relativity and I and anyone who uses relativity’s methods when I say
"THANK YOU FOR YOUR MONEY :D" [/B]
quick question relating to programming and learning to program…
-
I can write basic HTML, and I have quite a bit of experience making modifications to PHP driven content management system websites like Joomla, and Wordpress (editing css and PHP to fit my needs)
-
the only real “programming” experience I have is when I tried to make an iphone app, which was a very very very humbling experience trying to learn to coding for that.
Do you think writing indicators and stuff for trading would be a pretty simple thing for me to learn with my experience in web design?
OK, I did give up trying to write for iphone, but I will look into the MT4 stuff sometime. I know that is going to be a somewhat consuming project so I’ll have to leave that for another day.
Was this trade on a commodity? It sure looks like it from the way it moves, LOL. What was it if I may ask? Also, what is the indicator that you are using there with the 80k’s? I’ve seen it before but I forgot what it does
thats Euro right before the close I recognized it cause I caught that too
It is the EUR I caught this thru and thru in the last few days. It has been a waiting game… my mt4 screen freezed up when the new came out the day before yesterday, I think it was my broker, lucky I had a 20 pipy SL on…
Just for an update on my progress, I have lost my depo a few times now… but my target has been to improve my $100 A/c… I am confidently getting there have managed to multiply $50 and $100 accounts considerably… Improved my entries and managed my exits. My problem was greed, have been working on it… and the patience part is really helping…
For all those reading this thread first time around, please take the time and soak the information and Rela’s wise teachings. When I asked my first question here I got some nice responses, I swore then to read this thread cover to cover (the back cover is never there I suppose ). I was anxious that I will miss the fun but there was more fun in reading. I have taken notes extracted information and when I wanted to ask more questions and felt confused I realized there were more answers. Its all there in the threads. I was recommended books my Az and Rela, and I read some of these as well… its was fun learning I’ve never enjoyed reading and learning more than in the last few months.
IMHO its helped me gain a dimensional view and I have found my first pair of viewing glasses (not an indicator but a mental perception) to see how the market moves (the PA). And I thought this was cool… I did not have to get stuck with A strategy or A system (there are many a choices to develop your own based on different things in this thread and our individual self I suppose) but understand the fundamentals myself (still learning) of market / price dynamics (so far so good) and my own perceptions (I love this part). Rela gives a view on these dynamics and also educates us on the critical threshold / barrier (20 pips), and how its arrived ground up. It even goes up to bare / naked chart trading. Am happy I landed here, am not using much indicators in my charts, close to nothing and turn them on and off when needed… thanks to Rela to let me know that its even possible to trade like this.
I am grateful to this thread and Rela. Rela has given his recipe out there; what he has used and what he has scored out and why, there are many objective discussions (in fact the whole thread is full of it not that I use or understand everything but am still learning and the key is applying successfully, which is a relative perception anyways).
Excel was the easiest to do some stats, there are loads of threads showing how to export data to excel or get them into excel and use them in realtime.
Thanks very much Rela for your patience I am still learning but am taking baby steps confidently and thats reflecting on my trades thankfully. And thank everybody to keep it going, as it wasn’t I would not have had so much fun in the last few months.
Cheers
Silver
(A Newbie)
you,ve obviousley done a lot of work here,but it does seem a bit complicated.:17:
sorry Relativity I dont understand.
Think I,ll back out of this tread while i.ve still got my sanity,thanks anyway.