Supply And Demand

the golden gun

RINSE & REPEAT
Piper said:
I never told you that i think that i'm anything. I told that what i posted worx. Anyhow, stop cluttering the thread with trolling pls,and stop mentioning real trader in every sentence that you are saying. It makes you seem try a bit hard,and agressive. ;)

Cheers,
-P
I've never had to try to tell the truth, it just spills out naturally. Then I usually get in trouble for it.
 

jack

Administrator
Staff member
Piper said:
5% /mnt is laughable. :eek:
Let's be straight here: even if you can perform well beyond this, statistically speaking (vs even professional money managers) 5% a month is pretty huge.

Also, consider the difference in risk tolerance:
Say you're pulling down 10% a month on a 1k account. That might be in the realm of possibility since blowing up that 1k account might not mean much to you. However, you might not enjoy the risk taken on a $100k account to achieve the same % gain.

Even if there's zero difference in the trade setups you're taking.. zero difference in the market moving while you're in the trades.. even if you bank the same amount of pips (that is, you execute the same and not let the extra size change your trading decisions,) ..the extra heat might simply make the trade the opposite of enjoyable for you while it's put on, and thus, you'd rather just trade a size you're the most comfortable with.

This can be independent of your account size too... as the same effect can be had via leverage.

Actually, 5% on a $10k account in line with 50% on a 1k account. They are effectively the same... and thus, calling a given % on its own (without the context of risk tolerance and objectives,) laughable is pretty meaningless.
 

jack

Administrator
Staff member
This can sorta get back to the whole "different ways of viewing the market"...

Or, spun another way: People get what they want out of the market (Ed Seykota reference,) but not just in the win/lose sense, also in how they treat returns and leverage. If you want to make it into a casino, it's a casino.. if you want to turn the market into a high leverage / high risk and reward type game, it's yours that way... you want to run it like a fund and be happy with beating the pants off passive investing while keeping drawdowns in check (so benchmarking against a few % points up and down each month,) you totally can give that a shot too.. The market itself is happy to let you try no matter which way you approach it.
 

fred9455

Well-Known Member
the golden gun said:
I scrolled through all 392 pages of that technical vomit.

No fibs, no multi-TF analysis, no time of day analysis.

There's so much missing, it's more of a tease than anything else. The people that actually trade in such a vacuum of real analysis could theoretically make money. They are those poor saps earning ~5% monthly and thinking they are King Sh*t. Laughable, really.
How can you call this technical vomit? For me these concepts are very similar to ICT.s and that is what made me give it a look. ICT told you that price moves from liquidity pocket to liquidity pocket. How is that any different from what you saw in the pdf that you scrolled through? Actually multi-TF analysis is used and the guy pretty much trades London and New York open so that is your time of day analysis. Although he may not use fibs, I do and I use them for confluence to enter my trades during London and New York open.
 

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Piper

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My bad about the laughable part,didn't expressed the sentence right,edited to give it a clearer context
 

jack

Administrator
Staff member
Jack said:
..the extra heat might simply make the trade the opposite of enjoyable for you while it's put on, and thus, you'd rather just trade a size you're the most comfortable with.
A good example of this is a trader friend of mine who's heavy into options and crossed the 7 figure mark a few years in a row now in returns...

He used to put on enough size that he'd lose sleep and stress out. Now he does the exact same trade setups as before but with less size.. and he makes less because of it, but he values the ability to get a good night's rest and not worry about the outcome of an individual trade or two.
 

jack

Administrator
Staff member
Piper said:
My bad about the laughable part,didn't expressed the sentence right,edited to give it a clearer context
Just trying to 'attack the idea, not the person' :p ahah

Even if I know you might not mean it that way, or know better... Someone else might read it, a light bulb might go on, and the whole exchange becomes constructive for them.
 
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Piper

Guest
True that..

Anyways,No result is laughable! Trade cents to dimes,then dimes to dollars ;)
Size does not matter in this industry :p
Specially if you go to shop,buy carrots,you feed the account with carrots! Then the little bastards growing... 8)
 
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Piper

Guest
fred9455 said:
How can you call this technical vomit? For me these concepts are very similar to ICT.s and that is what made me give it a look. ICT told you that price moves from liquidity pocket to liquidity pocket. How is that any different from what you saw in the pdf that you scrolled through? Actually multi-TF analysis is used and the guy pretty much trades London and New York open so that is your time of day analysis. Although he may not use fibs, I do and I use them for confluence to enter my trades during London and New York open.
fred9455 said:
..price moves from liquidity pocket to liquidity pocket...
:thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup: :thumbsup:

He's around just to troll.

A simple chart like this alone is very tradable if you grasp the concept and know what to look for. Now add a few tricks to your bag... :mad:
 

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Piper

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So after i've finished going trough the book, decide to do an experiment with reds stuff(0.05% risk) Tough i will probably screw something since only scrolled trough it once.I've closed all my other charts on this pair so i can play around with this concept alone unbiased(to test the "technical vomit" :durr: ) I'll manage without 4th of my regular trading activity.

Since we're sitting on a liquidity pool, if the triangle with bull div (by his definition) breaks upwards,price should pop up at least till next pocket,bottom of the triangle is buyable with his definition.stop will be below the bottom pool by 2 pips(7 pips total) . Couldn't Restrain myself and left the SSTO on (tough will not use it for setup determination) . Market seems a bit oversold tough. :-[
But the current supply been stabbed nicely,while the price couldn't even returned to previous demand.
Let's see what's going to happen. ???
Charts and edit notes are posted for each out-fold.

Edit: just noticed, this is a bear pennant by standard technical analysis definition. ;D ;D that's should go down.(yea right 8))

Edit 2: my mistake, marked the 1st chart by accident as bear div,instead of hidden bull div
on the 2nd pic the bottom triangle is higher,so it seems we're on the right track supply been stabbed even higher.

Edit3 : Now the top supply been absorbed. so when it'll retrace by my regular instinct should load it up(if no exit signal),but since red advises scale out,3rd of the position been scaled out at the upper supply for 14 pips, s/l adjusted to 5 pip, no risk to the pozish,even it'll turn we're at a small gain.

Edit4 : asias top supply been touched,scaling out another 3rd, for 20 pips (of the left eg:44% of original still on) so its an average of 17 pips for the original trade's 50% .original 7 pip risk was assumed, so 1:1 R:R achieved no matter what will happen.(unless huge no limit move down.) Though (tnx gg) it would be nice to reach the target.

Edit5: seems like price found a new supply base as a nice wolffe wave. Dang, why he's so much into not loading up a position?! :mad:

will continue in post after since no more pics allowed
 

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Piper

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Sadly , i only speak 5 languages, and some of them need to be perfected a bit more. ;)
 
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Piper

Guest
the golden gun said:
I wasn't trying to make you feel bad, it just seemed like you needed a pointer.
If you mean it, then thank you.
 

the golden gun

RINSE & REPEAT
Piper said:
True that..

Anyways,No result is laughable! Trade cents to dimes,then dimes to dollars ;)
Size does not matter in this industry :p Specially if you feed the account with carrots! Then the little bastards growing... 8)
People keep referencing my "Laughable, really" comment. I wasn't saying 5% was a laughable result, but rather the belief that one is the King of trading because they can pull in an amount I would consider quite modest. Yes, if you are trading 6 or 7 figures and pulling in 5%, that is professional caliber.

But in the context of a retail trading forum, I felt it was safe to assume nobody is in that category. Consider Jack's friend with the 7-figure account... does he come on here bragging about success? Nope...
 
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Piper

Guest
the golden gun said:
People keep referencing my "Laughable, really" comment. I wasn't saying 5% was a laughable result, but rather the belief that one is the King of trading because they can pull in an amount I would consider quite modest. Yes, if you are trading 6 or 7 figures and pulling in 5%, that is professional caliber.

But in the context of a retail trading forum, I felt it was safe to assume nobody is in that category. Consider Jack's friend with the 7-figure account... does he come on here bragging about success? Nope...
I know that we have here at least 1 with 9 figure account(not a mistake). But from a trading perspective , account size not supposed to matter, only the consistency, because then you can pull it out in any account size,and you will grow exponentially to the moon. I think hence the saying that the best traders think of it as a game.
 

jack

Administrator
Staff member
the golden gun said:
But in the context of a retail trading forum, I felt it was safe to assume nobody is in that category. Consider Jack's friend with the 7-figure account... does he come on here bragging about success? Nope...
The two qualities that I most commonly find in full time, grossly profitable (pun-sorta-intended,) career traders are:

1) Being humble and quick to admit when they are wrong. (Also having no problem displaying their mistakes to others.)

2) Completely disinterested in boasting about performance or feeling the need to prove anything to anyone about their performance.

I chalk this up to a lack of insecurity about said people's trading or career. They know they can depend on their trading, and it matters not if others know it as well.

This is of the people I can personally verify that are 6-7 figure a year traders.

(Of course, there are exceptions, this is just the most common pattern I've noticed.)
 

Kuzia

Well-Known Member
Jack said:
The two qualities that I most commonly find in full time, grossly profitable (pun-sorta-intended,) career traders are:

1) Being humble and quick to admit when they are wrong. (Also having no problem displaying their mistakes to others.)

2) Completely disinterested in boasting about performance or feeling the need to prove anything to anyone about their performance.
and that's that Piper :)
 

the golden gun

RINSE & REPEAT
Piper said:
I know that we have here at least 1 with 9 figure account(not a mistake). But from a trading perspective , account size not supposed to matter, only the consistency, because then you can pull it out in any account account size,and you will grow exponentially to the moon. I think hence the saying that the best traders think of it as a game.
Yes, it is about consistency, but if you're consistently earning low %'s, then it is going to take a long time to get where you want to be if you're starting with a small account.

If you're earning low %'s because your risk is very small... then perhaps you need to look at that as a lack of confidence, which is a problem, or at least something that can be improved.

If you're earning low %'s with "normal" risk levels (~2%) then there is something lacking with your trading methods. The potential is there for everyone, and the only reason most people don't achieve double-digit returns is because they've SETTLED on a method & way of thinking that isn't in line with how the market actually operates.

It's like driving a car, but only up to 3rd gear, because you're "satisfied" with going 50mph max. Sure... but you still don't know how to drive the car to its full potential!!
 
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Piper

Guest
Ok since only 5 pics allowed per post i'll continue here. another wolffe wave(i'm not using them in my daily methodology,but if you are,then you should take every signal in my opinion..) this guy is pissing me off with the not loading up mentality(since when you got an edge by your definition,you should act on it,without thinking)... I'm starting to doubt his king status too,though he's stuff seems to deliver for now.

Edit:

Awwww, nuked. But 1:1+ a bit r:r achieved. by this sample i think that it's profitable.. This was an interesting experience. :hijack: Back to the original discussion.

Edit2 and ps: by no brainer system you would buy the rally,and sell the drop.just saying ;)
Cheers,
-P
 

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