- Anyone here have a successful and durable experience in forex trading ?
- What's techniques did you use ?
- With how much money did you begin ?
- Gives me advice for a beginner like me, please.
I am really sad when i read specialized forums in forex, why?
Because all the trading journal I read ends the same way :
They end up losing all their gains and have their account to 0 dollars, after 6 months or 1 year.
I need testimonials from people who really live forex successfully since several years.
http://forums.babypips.com/newbie-island/70214-truth-about-forex-you-cant-become-rich.html
I think this method is the best to learn forex or index cfd:
Depositing tiny amount less than € 200 and try to make it grow until 1000, once in 1000 reached 900 withdraw.
With the remaining € 100, try to grow them again to € 1,000, remove 900 ... etc.
Do it 10 times successfully
Instead of dropping € 50,000, losing after six months, redeposit € 20,000 and lose again after one week.
Warning : this thread is only for winner in forex market.
>>1216575
no that is a naff idea OP - look up the Kelly Criterion... a popular choice for money management is to use half kelly
depositing tiny amounts and trying to increase them several times over just smacks of taking random punts at the market - you're going to achieve very little in doing that other than maybe getting lucky for a period of time
you need an actual edge, without one you've no business trading live in the first place - if you develop one then open your account and use proper money management relevant to the risk/expectation of each trade... i.e. half kelly
Forex is dangerous.
>
Forex can be your worst nightmare.
>>1217338
obvious nigger hovel
>>1216575
Here's a start.
> get familiar with a trading API
> write your own custom service
> set thresholds for transactions that create your model
> learn and understand the many forms of intramarket inefficiencies, learn to detect them, determine your peak window and execute the series of transactions
> your math is only as good as you, you'll probably fail
> learn c. Don't fuck with other languages and don't dare do this on anything but a solid Debian box. Keep it simple. Pointers are fucking easy, nigger.
> test test and test some more. You can always mock up fakery and test your algorithms to fail safe and not otherwise.
> some meth. Not too much. Not too little either.
>>1217477
I feel like OP is doing it just to mess with me
>>1217338
it's the alaskan autismo..... :D
>>1217391
>statarb pleb thinks he can make money from mommy's basement competing with wall street quants
>"inefficiencies"
>doesn't know about fat tail distributions and their impact on quant systems
>not just using a simple trend following system, tight risk management and pyramiding modules
Thanks for the liquidity champ
>>1217828
If you scare or confuse them too much, there won't be anything to kek at. Kindly let them do their thing.
>>1217833
Because you really think OP can code. He is some gypsy or some other subhuman using google translate (my educated guess is paki) who got a hold of an internet connection and wants HOLY GRAIL ALGORITM MASTER FOREX MUHAMMAD3.0 ALLAH BLESS SIR.
On the other hand the value investing memesters and the robinhood kiddies coming here provide continous fresh keks. Not complaining.
But srs famalam, if you know how to code test a few trend following approaches. It's literally free money, and people don't even realize it
>>1217718
Aww Yea...
lets roll and give that muddafaqqa a name
odds = "Alaskan Austismo"
even = "Alaskan Faggot"
dubs = "Alaskan Homer"
quints= "AlaskanBieber"
>>1217841
How many times has OP posted this thread already?
>he doesn't use his post number as a technical indicator
>>1218081
lmao
technical indicator is useless
>>1218366
>66
>dubs
>previous number
>BELOW THE VALUE OF DUBS
>THIS IS A BUY
BUY BUY BUY
BUY AS MUCH AS YOU CAN
What if we report OP for spam en masse?
>>1218399
>99
>more dubs
>previous number
>3
>previous number before that
>8
>previous number before that
>121
>dubs are highest value
>THIS IS AN ALL IN
PUT EVERYTHING ON LEVERAGE
MORTGAGE THE HOUSE
SELL YOUR KIDS COLLEGE FUNDS
HELL SELL YOUR WIFE
BORROW WHAT YOU CAN
BUY BUY BUY
>tfw shorting 300k of USDJPY at 110.28
the best traders on forex market are located in alaska.
>>1219061
alaska autism triangle is best forex strategy
>>1218399
I always report this thread when I see it.
BUY SIGNAL ON EUR/JPY
BUY SIGNAL ----> USD/JPY
>>1219588
>Wealth Generators
>Not a pyramid scheme
>>1219401
good idea... more people should do this
>>1219588
FX strategies are inherently scalable, anyone with a genuine edge has no incentive at all to share it
>>1219577
how much have you lost so far?
Now this whole thread is just Alaska forex guy hate lmao but I'm still doing well in forex
I've been selling and compounding all day and yesterday with use/jpy making over 300% this week and I've been posting wins in these threads for months now!I've got 300k Trumpcoin and sold 309k at 10,000 satoshi and I trade forex on the side with 24btc with btc as my base currency
-the Alaska autismo
>>1218950
Dude I know them feels but I don't have 300k....yet XD
>>1221401
So your autism triangles didn't tell you to sell at 111? Sounds like you got cheated.
>>1221401
it's too late for sell the JPY pair, it is the good time now for Buy (107 to 109)
>>1221404
I did sell I'm just compounding all the way down I'm in the last leg before I reverse position next week tho in going to place a withdrawl tomorrow
The bottom will be 106.820 ish
>>1221439
Hey it's my house lol!!! I took profit now we ride this thing up to da moooon
Wooo here we go guys I'm gunna buy another dirtbag house
The grand autismo triangle
Already up another 30% thanks to my autism triangles I guess I'll just play Dota
>>1221462
why you don't trade the EUR/USD pair ?
CFD trading are allowed in alaska ?
>>1221466
Idk I do trade that and futures and cryptos
Can you teach us your autism triangles? Looks intriguing
>>1221490
Idk how idk how I even do it
https://www.youtube.com/watch?v=S2xU1u8UQJo
>>1221518
I love dirtbag houses they are so cheap leaves me lots of xtra cash to blow on tradeing
>>1221531
I've seen that I thought it was gayer than aids
Here's a triangle I see the same ones when I play every musical instrument without ever having to practice
Just FYI I made over 150% on this trade and I'm compounding for another 50%
sell signal on tthe EUR/USD pair (1.1450 to 1.1300)
>>1221401
>he sells WELL AFTER THE FALL
>>1221453
you do realize that by not raising rates, the usd will continue to weaken?
>>1221633
DUBS
PREVIOUS NUMBER A HIGHER VALUE
THIS IS A SELL SIGNAL
>>1221638
FYI I made 10% profit on that trade I had been selling and compounding so I made over 450% then I placed a withdrawl and reversed position now I'm riding the triangle up
whats peoples views on HongKong45 atm?
the truth.
>>1221834
word
>>1221401
>-the Alaska autismo
you've earned the name buddy :)
though we don't seem to know much about the OCD OP, he seems to re-post this thread every time it disappears but doesn't contribute much
Thoughts on him?https://www.youtube.com/watch?v=ShqnLMaow5k
>>1221430
BoJ says they're not going to do anything until 105 probably because they don't do autism triangles
>>1221493
>Idk how idk how I even do it
does being retarded hurt or is it like you don't even know?
https://www.youtube.com/watch?v=85hyO-M0TfA
Ok guys this week I'm going to deposite 2500 into an account. In 1 months time exactly I'm going to turn it into 25000 after I make my first 109% I will withdraw and trade the remaining balance at no risk depending on the markets It may take 2 months I'll post all wins in this thread including real balance and I'll try to draw out the autism triangles
Demo account, what can I learn Biz?
>>1224248
your loss is bigger than your profit.
use stop loss
>>1224248
is this the same number of lots for each trade?
>>1224113
>t. In 1 months time exactly I'm going to turn it into 25000
you're going to lose everything
Forex is a marathon, not a sprint
>>1216575
the only people who win in forex are the brokers. every now and again some trader gets LUCKY but they are a statistical anomaly. they didn't do anything "right", they didn't have better analysis or charting or whatever, the 100% got lucky. the only way to make money in forex for sure is by being a broker. anything else is a lottery ticket. no amount of analysis or chart reading or whatever can realistically change that.
>>1224248
>swap
>buy pair
>have to pay interest on pair
>slowly losing any profits
>try to short pair instead
>gain interest
>but lose interest due to lose of equity
>tfw lost $1k in forex
brehs, what do
Trade gold brothers
>>1224248
>those losses
>not using a stop loss
Looks like you still need to learn a lot.
>>1225584
overnight interest rates look it up bru
SELL SELL SELL SIGNAL for EUR/USD pair.
this is a message from alaska.
>>1225161
what's the name of this broker please ? XM ?
>>1226031
>>1226087
looooool
emergency alert from alaska :
SELL SIGNAL on EUR/USD pair :
first goal ----> 1.1460 to 1.1400
second goal ----> 1.1400 to 1.1350
>>1226091
it wasn't meant as a joke, but i guess you wouldn't/couldn't understand that.
>>1226094
wrong
autism is not a joke, it is my nightmare.
>>1226100
do you even currency correlation? when usd/chf is going down eur/usd goes up. telling people to sell now is just fucking stupid.
>>1226094
>he gives targets within 50 pips of each other
>he doesn't give a target like dollar index at 120 at the end of the year due to interest rates
>>1226103
because he's a fucking idiot. a 10 year old with a 200 ema and a line chart could do better.
>>1226094
eur/usd at 1.1470 and going up enjoy your margin call
>>1226094
That's not me in from Alaska and I don't think it's going down
>>1226123
i practice swing trading, not scalping.
I'm the real Alaskan trader and eur/use is not even tradeable to me right now
>>1226133
weren't you going to be buying usd/jap today? how's that working out for you?
>>1226138
forex trading is not a sprint.
you are probably a big loser on forex market.
>>1226138
I have not placed any trades yet.... No triangles. Maybe Tuesday
BUY signal on all JPY pair.
swing trading, lot of pips.
>>1226155
Your joking right
-the Alaska guy
>>1226150
>>1226179
That one looks awful
Mine looks more like this with limestone white plaster.
>>1226031
I second this, i also live in Ak, gonna crash soon baby
>>1226197
everyone in this thread is in Alaska fuck you cucks I probably know half of you
>>1226216
i personally know a very good trader in alaska, his name is DEMENTIEFF.
>>1226217
Now I know you faggot
the fuck who lives in alaska anyway? lol
I know of a black guy living in alaska
what gives?!?
>>1226223
The best forex traders live in Alaska......
>>1226225
how is that possible? I can't believe that lol
give proof faggot
I know of 2 very good traders that live in toronto. but alaska?!?!? why?!
>>1226225
because the icecold weather keeps you focused at all times?
come on.
>>1226232
no shill?
ok can i giv ma maney? pls
>>1216575
>playing the autismo bullet hell known as forex trading
literally why OP, unless your name is autismus keksimus maximus, don't even try, just don't.
you will be outjewed, and the goys shekels will flush down the drain.
Forex is easy
My two buddies and I are about to get rich. Nice knowing at 18 you'll retire in 10 years. And yes, we all live in a shitty Alaskan town
>>1226246
share your methods with the community
fucking faggot
>>1226246
Cool you guys trade cryptos and forex like me
>>1226254
ok can you do the same with my savings?
>>1226258
I mean like flip them x30 times and you keep 90%
>>1226260
Ha
>no
>>1226261
But for real, i have no idea how living in AK correlates with forex. Maybe its the latitude
>>1226261
90% too low huh?
>>1226254
I know them feels.
I think Alaska and forex tradeing go together cuz there's less to do lots of $ to be made and not many distractions
>>1226299
Nah man theres plenty of distractions here. I graduated last may and I've been living at home. I've worked on and off but last 5 months I've got sucked into the party scene hard. It ended with me running to the hospital at 3 am on meth because i took some bad "molly". Shits wack. Nasty drug scene here. So many kids are tweaking on the weekends thinking they're taking molly. Its fucked. Its time for me to get rich tho....
>>1226306
Yeah they are I stay away from the Molly here cuz I know it's not real it's to tweeky for sure its not anything like the nice tan loving wArm stuff. You try any higher leveraged brokers with like 1000:1 ?
Pic related some real Molly I got not the tweeky white shit
I'm waiting for the retest in this and waiting for something to form usd:jpy I'll draw the triangles before I place the trade and post the massive 150%+ win
>>1226459
you're a bad guy because you get drugs.
>>1226094
notice there is absolutely no stop loss lmao
-60 pips cmon man
Here's a triangle on this account I have 500:1 leverage and use Bitcoin as my base currency
>>1226463
Nah I'm a good guy
Guys jesus christ what the fuck
>alaskan trading autism triangles and averaging down until he get margin called
>dumb third world op making this thread
>MACD, RSI, Fibonacci and psychology
>no stop losses
>samefagging and shilling to no end
You are literally drowing into a glass of water you dumb cocks, is it so hard to define a trend and pyramid it all the way to an S/R zone?
>>1226671
This a a really good triangle
>>1226671
you are jealous of a very good trader like me...
>>1226735
Maybe or he's a good trader to there's more than one way to get money in the market.
emergency alert from alaska :
SELL SIGNAL on EUR/USD pair :
first goal ----> 1.1530 to 1.1460
second goal ----> 1.1460 to 1.1400
third goal ----> 1.1400 to 1.1350
greed is good.
>>1226779
KEEP SELLING UNTIL IT GOES DOWN
>>1226800
>430 millionaires
430 millionaires or 430 ...homeless ?
>>1226800
GTFO
>>1226800
JUST JOIN THIS PYRAMID SCHEME BROS
>>1226409
God damn thats some good looking shit. I would very much like to rave with that. And yeah my broker tradersway has a 1000:1 leverage
>>1226691
>not consolidation
>>1226741
sorry about your trade lad :(
>>1226671
>tfw you will never live in a house made out of dirt because you didn't learn forex autism triangles when you had the chance ;__;
>>1226671
>You are literally drowing into a glass of water you dumb cocks, is it so hard to define a trend and pyramid it all the way to an S/R zone?
this
lol retards
>>1227652
I took profit
>>1216575
I recomend Tendenciasfx.com actually in this plataform make a loth of money togheter, i want to get in but yo must have a lot of free time
>>1228062
could've made a lot more if you sold
>>1228162
I'm looking at making a big triangle on the aud/cad going to turn 2500 into 25000 ten buy more Bitcoin JIC I feel like Japan's good news
>>1228162
That's what you do if it exits the triangle. You enter a new triangle. And you only had the trade with a 1000% margin until it exits the triangle
>>1229483
>f it exits the triangle
>You enter a new triangle
> a 1000% margin until it exits the triangle
>>1224320
>use stop loss
Is this better than hedging?
>>1224248
Same dude who posted this. Am I learning and doing better yet? Almost positive on my account.
Any tips?
>>1229846
what broker are you using?
>>1229504
at least he still has his dream of living in a house made out of dirt
>>1229657
Yes. When you have one trade in place and think you are offsetting it with another trade, you then have 2 trades on that can financially go up your ass.
Oil traders do that kind of silliness all the time. Crooked oil traders put on a lot of positions and then cash out the winners, get a big bonus and resign leaving the losing positions on for the person taking over. Oldest trick in the oil trading book and used primarily in small shops without a risk manager. there are still a few of those around.
I have made multiple posts in previous threads in which i have basically given away everything i know in a few posts. More than enough to make anybody with a little bit of brain profitable. Almost zero feedback, maybe because truth wasn't exactly as good looking as that one guy telling you about autismo and triangles.
I have always wondered about the exact reason why so many traders lose money. These threads have been very "educational": while not having been able to provide anything in terms of value, they tell a lot about what losing traders do, and why it happens.
I wondered why so many people fall for such obvious low class scams, shillings, courses. Willing to invest even their savings in some anonymous con artist to learn about a system with no proven results.
Is it greed? Is it stupidity? No idea. But first, something about our "alaskan" trader
>maximum leverage available to US reisdents in fx is 50:1. I have seen his accounts (but not how much he has in them, and not if they are real) and they are all 100:1 and above
>he says he is from the US, but his english is broken, to say the least. Doesn't strike me as an US citizen at all
>he wants people to enlist him as a trader. No statement is provided, no identity, nothing at all. Probably some cashback scheme (he gets traders to join his broker, broker gives him bonuses and/or money on volume traded)
>he averages down and hides his losses. Has multiple (demo) accounts. Probably takes different positions on all of them so he can stay hedged all the time, and show winning trades only.
Report him on sight next time you see him.
>>1229937
ForexBrokerInc
>this thread has been going for 7 days
>for the 20th time
>>1230167
how do we know who you are based on previous threads?
>>1230167
/biz/ is a containment board created for the coinfags that were shitting up /g/. it's /mlp/ without the people who want to sodomize cartoon animals. anyone looking for legitimate financial information on 4chan deserves what they get.
>>1216575
>Hey guys how do I win Forex?
>Oh it's easy I know how but I won't tell you, here is some buzzwords and jargon written in a smug manner
>>1230302
Previous thread, the part about trend following. There is everything you need to know to get filthy rich, provided you have the balls and the brain necessary to keep going.
I have also given an interesting list of books to read for anybody who wants to get serious and not just get scammed by some indian pajeet course seller posting will smith motivational videos on his shilling accounts managed by some underfed chinese in a basement.
>>1230787
but how do you know the trend will continue? how do you distinguish between a brief pullback followed by a trend continuation from a trend reversal? does it have to do with your trading timeframe?
gunna look through the archives for the books your suggested
>>1225584
I use RSI, Stochastic, Bollinger bands and Parabolic.
>>1230888
>but how do you know the trend will continue?
You don't. Trailing stops are there for a reason. But over time you might be able to use fundamentals/levels to get an idea
>how do you distinguish between a brief pullback followed by a trend continuation from a trend reversal?
You don't take trend reversals, that is, you never go against a big, long move just because you got a signal.
But it's more of a timeframe matter.
Let's say i'm using W1 to get a long term bias, D1 for medium term bias/execution, and H4 for execution only.
W1 and D1 indicate a clear upside trend. H4 gives you a signal to go short. You don't go short. If it would have been a long signal, you would have taken it
In general, try to create a strategy on your own. I have discussed this in the last thread. Don't get too worked up on win rate. If you are doing things right, your win rate should be well below 40%.
That means being able to endure long and unnerving losing streaks, which could potentially last for weeks (even months). Give yourself plenty of room for mistakes, trend following systems handsomely reward patient traders.
Over time, you will learn that entries aren't as important as you might thing.
As long as you are aligned with the long term trend, keep pyramiding positions, and trail your stops, you could do handsome money even with a bullshit moving average crossover. Not kidding here.
Stop losses are usually bar highs/bar lows. This system is fairly reliable, but dig deeper if you want to optimize your stops
>>1230888
Oh and to identify a "stable" trend, you might want to use moving averages as dynamic support/resistances. As long as these MAs are respected, the trend is good. Almost good. You could also use them as a trailing stop
Mess around, find what works for you. I guarantee you it doesn't really matter, as long as it's about letting your winners ride, pyramid them to hell and back and keep your risk profile reasonable
>>1230167
>previous threads
how do you find these threads? looks like the archive is down
>>1230763
>>Hey guys how do I win Forex?
By not playing.
>>1230912
>>1230914
I like RSI with MACD, it gives me a good feel of the market and wheter to buy or sell
Pic related, that's what pretty much most pairs with the Australian dollar as a base currency looks like on a one day chart. Expecting great gains in the coming days or possibly tomorrow if I decide not to be greedy.
>>1231436
They are a form of random market entry. As long as they are aligned to the main trend, they will work.
But they are no better than a coin toss anyway. Ideally you should be looking for events with a modicum of predictive power.
Divergences like the poster above suggested are one way to do that. But they tend to be difficult to backtest, which in turn makes them difficult to improve. But maybe he has some models on his own really
>>1232306
often yeah and a lot of TA is subjective wank...
but some criticism is sort of intellectual snobbery - some technical indicators are essentially crude filers... I wouldn't necessarily dismiss everything under the TA banner
>>1232306
Literally dug my Demo account of the hole because of them, but whatever floats your boat.
>>1232727
tech indicators seem to work better on commodity based currencies like AUDUSD (aussie = gold + iron) for some reason.
indicators are good but let me tell you the #1 thing to watch out for:
Significant NEWS EVENTS
If big news is going to hit the market, that you don't thoroughly understand, DO NOT have any positions open.
You can have your account wiped out so easily. For instance, on Reserve bank of australia CPI data being released on thursday last week, the AUD jumped 1 CENT on a 5 minute candle. thats 100 pips. although your demo account will execute on any stop losses you set, real accounts won't stop out on sudden moves like that.
here is an economic calendar which can help you in your trading
https://www.charterprime.com/pages/market/information/calendar
>>1232752
Lol, found that out today. Been playing the Australian dollar pairs all week and made nice gains, but the dollar just crashed because of all the hype for tomorrow.
A mistake of mine, I feel stupid that I didn't see the obvious fall considering the Indicators said it would.
Still holding on to positions even though it's slaughtering me, depending on news tomorrow I cut my losses significantly, or I'ma need a new demo account
if trading a small time frame and you entered correctly (i.e not shorting in a bull trend ) the price will come back to you it seems . it may take an hour or 5 but it usually comes back unless a big news event or sentiment changes .
the hardest part is having enough equity/balls to let the market play out
>>1232613
and how do you establish where the support and resistance are? Subjectively eyeballing the chart and coming to a conclusion using your own discretion?
>>1233231
Babypips dot com
>>1233315
fail....
>>1229504
Seeeeeeee triangles Is free $$$$
so i got temp banned for shitposting in this thread
>>1233231
support and resistance are temporary which is just another way of saying supply and demand. you have to be able to actually see order books to get a feel for it.
>>1233162
I really like this picture! mind if I save it?
>>1233412
I know you're trying to be helpful but I wasn't asking for suggestions it was a question aimed at the other poster, if you're not him you're not really able to answer for him.
>>1233604
i hope you find what you're looking for: a margin call.
>he thinks he can look at a chart and see order books
>>1233622
where have I implied that?
>>1217055
>in one day
that was actually in a few seconds.
i witness that shit live, i thought my broker fucked up the quotes.
thank god i don't trade CHF pairs.
>>1233748
stop loss wouldn't help much if most of the liquidity disappears... save for a few buy orders that haven't been pulled quickly enough who is going to buy from you in that scenario?
>>1233762
likewise if you're using a bucket shop then they're the ones not getting filled and they'll simply pass on that slippage to you (and no doubt add a bit extra too)
>>1233633
you're fucking clueless dude
>>1218399
I already have
>>1233769
ah... when you can't argue your point... mostly because you don't even have one... just resort to insults
>>1233769
Sounds more like you're clueless, Dude.
>>1233748
too fast for SL.
>>1217055
>what is stop loss
>>1233860
no reason why a broker won't allow a stop order there, you're probably dealing with a bucket shop though
>>1233855
an order type that becomes a market order when the level it is set at is hit.... in that CHF instance it wouldn't have helped you as there is no liquidity/no bids for the resulting market order to hit until after the price has taken a massive drop
>>1233860
I don't think you've ever traded forex.
>>1233783
>i say something is seemingly in line with part of what he says
>"bruh don't speak for him"
When actual knowledge gets dispense, this is how /biz/ acts.
>muh subjective chart reading abilities on s/r
>but i wont discuss order books
>>1233868
You mean the stop loss didn't take place there? So let's say someone placed a buy order right before at 1.2000 for 10'000€ with a leverage of 888, i.e. for 8'880'000€. Then the stop loss at 1.18000 didn't count and the order actually went down to 1.0000, i.e. like 7'400'000€. The guy only invested 10'000€ so who paid the rest of the 1'470'000€?
>>1233829
This is why I asked
>>1229657
>>1233879
you've completely missed the point, I wasn't asking for a general explanation I was specifically asking that poster for his view
like I said I know you were trying to be helpful but it just wasn't really relevant
>>1233896
>still posting that a post wasn't relevant
>>1229657
with hedging what you want to do is to keep your positions open as to not realize any gains/losses for tax reasons
hedging is much different than simply putting in a stop loss order. you should try googling it.
>>1233885
that's the thing with leverage, your losses can exceed the funds in your account... leverage of '888' is excessive
what would happen in that instance - well if you're trading with the sort of crappy bucket shop that offers that kind of leverage then they might go out of business or your might be chased for funds...
>>1233898
well that is because it wasn't, you decided to put in some input where it wasn't required and now you're offended even after that was explained to you
>>1233902
>with the sort of crappy bucket shop that offers that kind of leverage
XM offers leverage up to 888. Is that broker a crappy bucket shop?
>>1233904
Why brokers prohibit to put a stop loss at the point of entry
Example :
If I buy EUR / USD at 1.1400, why I can not put the stop loss at 1.1400 ?
>>1233908
yes, though they're not small AFAIK
they are a bucket shop though so how they choose to fill orders is partly at thier discretion and if they can't hedge the move in the underlying then stops will get slipped... whether they've lost money chasing clients who can't pay as a result of this move and/or having to pay out to winning clients I don't know
>>1233915
we don't know for sure the other poster would have even advocated looking at the current orderbook state rather than a chart though... and generally people look at the orderbook state relative to how it was in the recent past... i.e. you're looking at price history which kind of makes it a technical methodology
>>1233915
>order book
>subjective
>>1233928
you posted this:
>>1233412
>you have to be able to actually see order books to get a feel for it.
'get a feel for it' certainly does imply you were suggesting a subjective method to find support and resistance levels from looking at the current order book state... (I'm not saying you can't do so objectively, just that isn't want you've posted or indicated so far)
you've also got the issue that orderbooks are limited in the number of levels they display either side of the bid/offer - how do you use the current order-book state to determine levels beyond its current range?
lastly you don't actually know for sure the other poster would have advocated using the order book in the first place
>>1233942
an order book is actual orders looking to be hit up, not past orders that have been hit up
you can get into the herd mentality and all of that stuff when it comes to actually seeing participant size
you learn who the big players are and where they like to play from
I can also see all the orders from each and every participant on all price levels.
>you wont know what the other guy was gonna say
If you're really that stupid, 4chan isn't the place to expect a conversation to go exactly the way you want it to. I'm going to interject my opinion where it's not wanted and you're still talking about that. At this point it's like you're trolling me.
>>1233949
the whole point of the post was relating to the other poster's views... as in why was he dismissing all of one subject while simultaneously advocating support and resistance.... depending on his answer to that question the previous criticism would have been a bit dubious/selective skepticism.... that was the whole point of my question to him
I know what an order book is thanks
>I can also see all the orders from each and every participant on all price levels.
no you can't, price levels in order books are limited - depending on the exchange or ECN you might see 10 or 20 or whatever either side of the bid/offer - so that isn't much help to determine support and resistance levels beyond that
>>1233956
for example when the price moves there is a race to get to the front of the queue on new levels... however some new levels are more important than others to be at the front of the queue at... there is generally more to support and resistance than whatever you're trying to get a feel for in the immediate + or - 20 or so ticks you can see in the order book
>>1233956
im literally telling you, i can see any price level up to the highest order and all the way to 0
i can see how many unique participants are putting up orders on each price level
i can see from which exchange they are placing their orders from
>>1233969
what exchange/ECN?
Yen is very strong at the moment.
Gold has settled at high 1200s
JP225 is at lows however Japs have more buying power than ever for oil, gold, raw materials, food to support their manufacturing industry.
Gold probably supported by strong uncertainty and yen buying power.
Interest rates now forcing Japs to stop hoarding cash.
I am optimistic and will hold my gold positions, go long on JP225 and look to buy Japanese stocks related to food and food processing since transport costs are cheaper (oil) and they can purchase raw goods cheaper.
I am risking $5,000 which is 10% of max which I can risk.
See you all in heaven or hell.
>>1233983
>strong yen
>buys nikkei
Yen and jp225 are inversely correlated. Gold is supported by virtually nothing, the FED will raise interest rates and it will plummet. I have a long on NZDJPY going now btw. "I think", "I'm optimistic" and "probably" are the terms used by losers. You either have a quantitative model or you are just gambling
Your analysis sucks, you suck and the fact that you have 50k to piss to the wind is a shame.
Save your money senpai, close position on the open and forget about your account until you don't have some shred of statistical edge
>>1233949
>order book
>on OTC markets
The "order book" you talk about takes into account just your broker's orders. The overwhelming majority of liquidty in these markets is "invisible" (since big transaction happen via interbank or privately with dark pools, or in public with iceberg orders), so your broker's order are worth jackshit. You can take an educated guess on how prices are going by looking at the n-th day max and see if that price value was "respected" in the past but that's it
You have a "valid" order book only in the futures/stock market.
Youa re clearly fucking clueless, you had to look up some words on Investopedia to look tough on 4chinz, while making shit up on the go
Shame on you kid
>>1234010
well he shut up as soon as he was asked which exchange/ECN he was referring to...
even re: the futures market CME globex is 10 levels each side...
for the others EBS Live is 10 levels, Reuters I don't know as it is an archaic system that gives slow snapshots of data, LMAX is 5 or 20 depending on the type of user you are
and as you point out the market is completely decentralised with a lot of liquidity not being public... not to mention that even the stuff you can see isn't the full picture - the liquidity you see on ebs, currenex etc.. depends on what credit arrangements your prime broker has with other counterparites
>>1233971
kek trick question cause i don't trade currency pairs
i am talking about order books in the equities market
Short EUR/USD
>>1234020
yet you're posting in an FX thread....
so first you answer a question that didn't require you to answer as your answer wasn't relevant
then you carry on posting but it turns out you're talking about equities...
>>1234042
which means get the fuck outta the fx bucket shop game and into the real deal
>>1234010
I opened a trading account with 20k which I made from buying BP shares after they crashed during the big oil spill and most of my profits on it are from trading gold and oil. I gambled on oil prices falling, gold rising and shorted the pound.
I agree with you. I am gambling or speculating or whatever you want to call it and probably just got lucky. I've only been doing this for two years.I do it part time. I have a reasonably well paying job, a house I inherited so no mortgage or debt
Nikkei is at a low and the usdjpy is at a yearly low. There are Japanese companies that benefit from a strong yen so I am going to gamble.
I don't use TA because it never worked for me. I experimented using real money and lost around 8k over a couple of weeks and using higher margins and having to pay attention to short term movements wouldn't work with my job.
I will have multiple separate positions opened next week. Maybe I'll lose money on all of them maybe not.
See you next week. I'll be around so you can laugh at me when it all goes to shit which could happen.
>>1234022
mar 17 well see it at 1.2 and then mar 18 well see it back at parity and then mar 19 well see it at .8
>>1234049
now you're making no sense at all.....
>>1234052
do you at least have an actual portfolio that isn't made up of dumb decisions?
>gambling that oil would fall and gold would rise around the same time the dollar stagnates after its interest rate rally
>not knowing how all of these are connected primarily to the interest rate decisions from the us fed reserve
>not having positioned yourself for decades to come based off of a strong dollar with multiple fed banks racing to negative interest rates
>not understanding the utilization of purchasing power
>not seeing where the smart money is going
>not having already invested in private companies in emerging markets
>>1234055
>currency pair trading
>anything other than fx bucket shop services
>he doesn't understand the concept of investing
>he "invests" in currencies and commodities
>>1234062
still making no sense, wtf do bucket shops have to do with my previous few posts you complete mong....
you've spent half the thread talking about a subject you know nothing about waffling about unlimited orderbooks that have no relevance to FX markets where order book depth is constrained. Yet for some reason you carry on posting...
>>1234020
you're just talking shit...
>>1234069
>he posts in a bucket shop thread
>wants to know why someone is posting about bucket shops
>the post
>>1234098
you don't really know what you're posting about, that became apparent a few posts ago...
you're also demonstrating why it was pointless for you to have answered the question I asked the other poster in the first place
you push buy or sell button for the Gold ?
for swing trading strategy
>>1234103
>>1234467
so now you've been shown to be clueless all you can post is memes...
>>1234467
this is not funny.
ducon
>>1234470
My dad has been trading forex for 30+ years, now works for himself. I could get him on here if anyones got questions
>>1235688
yes if he has experience with alaskan autism triangles, homosexual foam parties and the construction of dirt houses. otherwise, no. also, your dad is a faggot.
>>1235688
he's a millionaire?
he did what studies?
>>1234020
>emerging markets
>""""""""""investing""""""""
>order book in OTC markets
>le trick XD
>le bucket shop
>posting dank memes so people don't see you are retarded
I seriously hope you trade. And with a big account as well.
Too bad you are a robinhood cuck with 100$ in your account, but i can assure you that the overwhelming majority of private investors (and a big part of account managers) are just like you or other merry lads here.
Apparently, the concept that you need a quantitative approach to markets completely escapes your minds. I don't know why and how. Never will.
But your money is clearly better off in somebody else's hands.
>>1236034
He studied autism triangles and he is a master in psychology, elliott and fibonacci.
>>1236017
Don't forget the cashback schemes and scamming people on an anonymous imageboard.
I'm out, i will report these threads on sight from now on.
>>1236069
Bye
Arbitrage
I deposited $200 in a forex iphone app and flipped a coin on the Nikkei. Heads was short, so I shorted.
I did this every day for just under three weeks and ended up with 30k. On day 21 I lost 15k.
Ended up with $15,000 from a $200 deposit. Withdrew it all, deleted the app, never looked back.
>>1236131 what app sorry?
>>1235383
>gets shown up for being clueless
>can't add anything so decides to shit post
>>1236131
>flipped a coin on the Nikkei
I don't understand.
>>1217055
Literally a trade that only happens once in 70 years, also people who bet against the pegs made a fortune.
Next is USDSAR, USDHKD ending with maybe EURDKK if Denmark survives eurabia.
Take these 3 trades with a 10k account and you'll make like 10 mil, or 100 if compounded.
