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Thread: No free lunch but all the free coffee you can drink

  1. #41
    Hey Peter, thanks for all the insights
    Quote Originally Posted by mariajesuspt
    The first 6 - 9 hrs of the trading day would be the most effective, as the cash trades then.
    That's intriguing by itself. I have been emphasizing the 4-hrs or therefore of a unique session that is geographical. Like Asia, Britain, United States. Appears to go alot in this time, but I assume, the the days would overlap a T some stage. So undoubtedly helpful, cheers [</br9>https://forexintuitive.com/attachments/forex1496024228.png[/img]
    Additionally the old 10o'clock and 3o'clock reversions still maintain accurate throughout NY periods, despite the fact that the forex features a wholly distinct market dynamic.
    I guess, that's what borlam69 said in his first place, kind of...

    Quote Originally Posted by Estimate
    And, there are individuals who prefer to tattoo themselves, place studs in their own tongues and rings through their lips, and never buy the most powerful markets or sell the feeblest ones.
    Properly, no opinion on this one [</br9>https://forexintuitive.com/attachments/forex1496024230.png[/img]

    Quote Originally Posted by Estimate
    when you wish to buy, there's someone, for some purpose--- ready to sell.
    This raises still another query in my head entirely...
    Is there the sam e form of professionals in the CME pits, or especially in currency pits quite, that need to buy/sell when no one else will? Or do we only rely on the Inter Bank Industry to to do something as the specialist, that basically make the market when no one else will t-AKE the opposing aspect of your trade?
    Estimate Disliked Still Another enormous edge on the pit. Is not engineering excellent? [</br9>https://forexintuitive.com/attachments/forex1496024232.png[/img] Hell yeah! I Have never had the privilege of being in a pit myself, as I Have stated. I have constantly only traded. And imagine, I'd not have been here to-day if it was not for technologies, s O ditto on that one

  2. #42
    Quote Originally Posted by badkidsgotohell
    And why is bacon and eggs the most useful break fast actually after a few pints the night before.
    Now this is an ageold key, that just the fry up gods understand, and will never-ever show to us people.
    we're just to have religion, and think in the ability of the greasy bacon and egg's comforting and for Giving character.
    [</br9>https://forexintuitive.com/attachments/forex1496024233.png[/img]

  3. #43
    Peter,

    thanks for submitting your ideas, they're truly valuable.

    I'm sort of amazed to find you post an Oanda chart after 8 years in the pits; does that suggest you have offered on futurity in favor of area? Easily questioned which kinds you like, you mentioned utilizing several brokers, could you brain?

    Thanks again for the thread.. Along with the java [</br9>https://forexintuitive.com/attachments/forex1496024235.png[/img]

    Edit: I checked your account plus it says you favor MB trading, sorry I lost your time... but now some thing else got me interested... you mention utilizing a Quant fashion, but then additionally you state that breakouts are your favored strategies.. Today are breakouts regarded quant? I believed you required to use mo-Re greek letters for that..

  4. #44
    Quote Originally Posted by ZURDO
    Peter,

    thanks for submitting your ideas, they're truly valuable.

    I'm type of amazed to find you post an Oanda chart after 8 years in the pits; does that suggest you have offered on futurity in favor of area? Easily questioned which kinds you like, you mentioned utilizing several brokers, could you brain?

    Thanks again for the thread.. Along with the java [</br9>https://forexintuitive.com/attachments/forex1496024237.png[/img]

    Edit: I examined your account plus it says you favor MB trading, sorry I lost your time... but now some thing else got me interested... you mention utilizing a Quant fashion, but then additionally you state that breakouts are your favored strategies.. Today are breakouts regarded quant? I believed you required to use mo-Re greek letters for that..
    -ZURDO-

    Thanks for the concerns---

    I really like Oanda as a platform also, besides M B Trading and a few others in station with really low (~.5 pips) propagates, but big capital requirements.

    And yes, I've essentially abandoned most of my CME contracts for Forex autos. Why maybe not? They've a lot of edges that futurity can not fit. And merely several of the issues. Size is not one of them.

    About breakouts--

    Break Outs are fantastic entries and typically straightforward in practice. And yes, quants are over them at mit.edu, attempting to find out every little thing which you've likely already determined.

    I Have identified elegantly easy in trading is finest.

    And I'm a straightforward quant. [</br9>https://forexintuitive.com/attachments/forex1496024239.png[/img]

  5. #45
    1 Attachment(s) I mentioned a week ago the very best trades are often early in the day..., purchasing breakouts of within hourly bar-S in case the prices are up on the day, and attempting to sell disadvantage breakouts of interior hourly bars in case the prices are down on the day.

    I merely could choose the latest trades of the fashion in the Eur/75000.

    I presumed the screen shot of the set up could be helpful to some. These kinds of trades are uncomplicated, low-risk and probably large wages. The single trouble is in order to choose the trade when they occur, you do need to be aware

    Possess a great trading day.

    -Peter-
    [</br9>https://forexintuitive.com/attachments/forex1496024259.png[/img]

  6. #46
    1 Attachment(s) I was compelled to contain this chart of to day actions in the Eur/75000.

    For the document, I personally took every among the signified breakout trades-- sells along with the buy now, getting in the minimum a 1:1 benefit/risk ratio per trade, and of all of them, a 2:1 or 3:1 benefit to risk ratio-- because of the rate and space the market went after the breakouts.

    What I enjoy about these easy trades is the inclination in order to insure your risk rapidly by departing half of your location at 1:1, enabling you to support the the remaining location with the first stop (the other facet of the interior bar) as a digital free trade.

    In a bigger duration time frame you can pile on quite a standing above a duration of a couple weeks with one of these free trades. You've got the stops already in position in case the market instantly goes against you. Then it's straight back to work creating these constructions up again until a massive move which is the return move of tens of thousands of pips on size that is substantial.

    Thanks for all of the kind remarks and messages provided for me about this. You all have been really generous in permitting the posts concerning this fashion.

    Have a terrific remaining week.

    -Peter-
    [</br9>https://forexintuitive.com/attachments/forex1496024264.png[/img]

  7. #47
    Quote Originally Posted by miketodd
    good post
    Happy you enjoyed it Mike. Although, I agree along with you and albeit was perhaps not My Post, would you be prepared to expound on why you enjoyed it? [</br9>https://forexintuitive.com/attachments/forex1496024249.png[/img]

  8. #48
    I'm confident Mike has his motives.

    But the very fact that I am up more than 150 150 pips since implementing his approach, to state that I am glad is an under-statement.

    It Is odd, it is nearly as if Peter place some cords around my eye-balls and directed them to appear a T some thing that was there-but was not watching.

    Properly, that is likely a terrible mental picture and that I apologize for that. But that is the simplest method I could think of sharing the message at this time.

  9. #49
    Quote Originally Posted by mariajesuspt
    skip

    Thanks for each of the kind remarks and messages provided for me about this. You all have been really generous in permitting the posts concerning this fashion.

    Possess a terrific remaining week.

    -Peter-
    Hi Peter, I'm loving your posts and aspire to see you carry on to do this. Please don't hesitate to keep your Insightfull viewpoints of the Present market.
    After All, the motive for beginning the thread was to incite useful discourse that you Clearly have done.

    I'm espescially pleased this matter is rooted in the Freshman Forum where it can do the most great.

    Kudos to Peter.

  10. #50
    Quote Originally Posted by mariajesuspt
    In a greater duration time frame you can pile on a significant standing above a duration of a couple weeks with one of these free trades. You've got the stops already in position in case the market instantly goes against you. Then it's straight back to work creating these constructions up again until a massive move which is the return move of tens of thousands of pips on size that is substantial.
    This h AS ended up to be a valuable thread.
    I once study a write-up from a valid source that explained a trader who employed this approach only. He'd pile these trades over and over, observing when the trades failed, considerable profits evaporate. But... once or even twice a year-he develop a massive trade that could actually go the the exact distance. 2 or one of these each yr permitted him to stay extremely properly.

    Thank you borlam69 and Peter.

  11. #51
    Quote Originally Posted by ZURDO
    Peter,

    thanks for submitting your ideas, they're truly valuable.

    I'm type of surprisedTo see an Oanda chart is posted by you after 8 years in the pits; does that imply you have given on futurity in favor of area? If I asked those that you want, you mentioned using numerous brokers, could you mind?

    Thanks again for the thread.. Along with the java [</br9>https://forexintuitive.com/attachments/forex1496024251.png[/img]

    Edit: I checked your account also it says you favor MB trading, sorry I lost your time... but now some thing else got me interested... you mention utilizing a Quant fashion, but then in addition, you state that breakouts are your favored strategies.. Nowadays are breakouts regarded quant? I believed you required to use more greek letters for that..
    I want all these MT4 traders would observe the apparent simplicity that Peter uses to trade.......you only do not desire a woods of indexes to make great trade choices.
    Thank you Peter for your own advice here at forexintuitive, this is an incredibly valuable thread. Thanks.

  12. #52
    I am happy some of you've found the recent places useful.

    Straightforward works in the markets, as they're really straightforward.

    Most traders complicate matters amazingly. Because their thoughts likely can not handle the fact however where the orders are, that the markets fundamentally feed.

    If there are a lot of people who'll take some actions when the market goes lower, the market will go lower. If there's an even bigger amount of people (and their cash) who'll simply take some actions when the price is greater, the market will head around ease trade.

    All trading procedures or processes are just some arrangement individuals need certainly to utilize to aggregate outcomes. They are used by me also. However, I use the most straightforward constructions I can because those will be the kinds the very best can be understood by the markets.

    It Is been a great week.

    I adore report times like nowadays. Everybody gets the opportunity to vote in the market and many of these tend to be erroneous long enough for traders that are tactical to extricate profits that are adequate.

    And - Kirim14 -, congratulations about the 150 pips of profits you obtained in the technique. That is certainly really what cements this this system in to your being, utilizing it.

    It occasionally appears TOO simple. That is okay. It will help make up for the the changing times where you get modest losses over again and over and over.

    --

  13. #53
    Excellent places Peter. Your approach was analyzed by me on a couple of pairs, and they worked-out fairly properly, as long as one has got the patience to sit down and watch for the chance that was proper. Your penetrations, plus a couple select others on this particular site, are the only real ones worth studying, again and again, IMHO. I genuinely hope you keep this thread heading and stick about.

    From your expertise, would you believe that it's wise to position the SL on the opposite side of the exterior bar (left facet) as an alternative of the interior pub, in order to lower the frequency of being quit out? In the beginning of every trading session, when price is relocating only under or above (occasionally both) yesterday's shut, can you search for breakouts in a single direction? both guidelines? Or wait before the price h-AS moved to give a definite direction?

  14. #54
    Peter,

    I'm truly impressed together with your places. Several of the folks on this particular Discussion Board amaze me. Peter, I read your posts and see how it can be applied by me to my trading/ investing. All I will say is keep up the nice work and also a great job

  15. #55
    Quote Originally Posted by ionita
    Great places Peter. Your approach was analyzed by me on a couple of pairs, and they worked-out fairly properly, as long as one has got the patience to sit down and watch for the chance that was proper. Your penetrations, plus a couple select others on this particular site, are the only real ones worth studying, again and again, IMHO. I genuinely hope you keep this thread heading and stick about.

    From your encounter, would you believe that it's wise to position the SL on the opposite side of the exterior bar (left facet) as an alternative of the within pub, in order to lower the frequency of being quit out? In the beginning of every trading session, when price is relocating only under or above (occasionally both) yesterday's shut, can you search for breakouts in a single direction? both guidelines? or wait before the price h-AS moved far enough to give an obvious direction?
    -ionita-

    Fine to hear from you..., and your first post also!!! Welcome onboard.

    Regarding the stops for the within pub breakouts-- you can perform either of the chances you mentioned. They'll both work. With having greater stop space, the trade off is the profit/risk that is less possible. The single advantage is a greater win rate.

    Win rate isn't the most significant factor in discovering a great trading strategy. Gain possible/risk is.

    The emotionally most challenging one to trade is the one I use. I use the other ex-treme of the interior bar for my stop level.

    The risk is as little as it's likely to be and the top trades for us would be the ones which don't give you ANY retracement after the breakout. Yes, you get quit outside than in case you'd the stop somewhat further away a bit more. We're trading to risk as very little as you can for the biggest number of increase that is potential.

    Visualize the entire achievement rate of someone choosing the contrary side of those breakout trades and only departing when we way out. They just could seem ahead to possible profits that are quite small and would be trading with infinite potential risk.

    Implement the above mentioned idea construction to any system you'll be able to analyse and find out which system could function as the most dangerous to disappear. That's the system you want to trade.

    The system we've been discussing is among these incredibly dangerous-to-disappear systems.

    For this query:
    in the beginning of every trading session, when price is relocating only under or above (occasionally both) yesterday's shut, can you search for breakouts in a single direction? both guidelines?

    Yes, as of this point I'm looking to buy above an interior hourly tavern where the breakout stage is over yesterday's close (and now's open) or sell below the the reduced of an hourly interior pub below the open of nowadays.

    These trades possess the MOST possibility for the day. DAY, believe TENDENCY

    Thanks for the queries. I am happy they could be answered by me.

    - -

  16. #56
    Quote Originally Posted by Angel
    Peter,

    I'm truly impressed together with your places. Several of the folks on this particular Discussion Board amaze me. Peter, I read your posts and see how it can be applied by me to my trading/ investing. All I will say is keep up the excellent perform and also an excellent job!
    - Angel -

    Thanks for the fine words.

    The markets have already been fairly lucrative this week by using this technique, but you actually had to be on your own game.

    - -

  17. #57
    Hey people,

    I understand it seems conceited but I simply put in my own vote to Price This thread.

    I do not care who Began it but it grew it is own legs.
    Assignment executed.

    I really attempted switching the title of the thread to something mo Re proper but then believed, 'why do that? It's an audience.'

    I Have mentioned it before I will say it again...
    A Great Information Source Is Challenging To Locate.




    AND... btw. Peter... If you're listening... I would love to say Thanks. Because I did not get that Perform until you described it.


    Leaves Stage Left, Working all the way...[</br9>https://forexintuitive.com/attachments/forex1496024253.png[/img]

  18. #58
    2 Attachment(s) showthread.php?p=1950033#post1950033 Disliked AND... btw. Peter... In the event you are listening... I would love to say Thanks. Because I did not get that Perform till you described it.
    Discounted borlam69

    Thanks for the fine opinions. Something easy is better in the control of these who value straightforward.

    In my view, the market is straightforward. It merely goes where it's fed.

    -----

    I got a few e-mails asking for added clarification about how one trades the within bar set up mentioned previously (Now formally called the Everyday I bar Arrangement) when the markets are as choppy as they have been lately.

    The reply is: the same as every other time, but particularly focus on trades that setup in the morning. Significance within 6 - 7 hrs of the open.

    The open I look at is 00:00 CST or 01:00 EST. This may likewise interpret to 06:00 GMT. It's your hard earned money along with your pick now if you want to hold another time the the state open of the day.

    I do have a pal who considers that 00:00 GMT is the the state day's open, and he is had some success trading with that notion. But he trades the JPY pairs over 60 60% of the time, which might be a mitigating factor.

    I Have identified that you're consistently better utilizing a gap time span that matches closely to the conventional biological inclinations of the largest quantity of those who command the amount of money on the planet.

    That wouldn't signal utilizing the Japanese open @ 00:00 GMT.

    Straight Back on to the choppy markets we are finding.

    I Have connected an hourly chart display snapshot of the previous 2 times in the GBP/$US.

    One of my personal favorite trading markets, it was rather rambunctious yesterday and after this. Which can be normally best for trading.

    you are able to see the Daily IBar Set Up operates best before in the day. The initial trade yesterday was a instantaneously loss, place being taken by the sell directly after the initial hour of the activity of day. Afterward there was a reversal buy within within a few minutes that you can have held for the whole day profitably.

    And then a 2nd buy a few hours afterwards above a second interior tavern.

    Now, it turned out to be a straightforward case of choosing the very first Daily IBar Set Up sell, taking half the trade off a-T 1:1 and allowing it to journey.

    Other markets were not as pleasant as the British Pound, and had a lot mo Re 1:1 profit targets hit and then following stopouts.

    The 2nd chart under is the Eur/67146 free trade I took for the reason that market now. The range was therefore slim, although the trade occurred a tiny later in the day than I'd generally function, the other pairs were increasing on the dollar. Additionally , I understood that with no preceding defining trade to day, there would be plenty of sell stops below the the reduced of the hourly within tavern at 1.5788. There were. Minutes after the trade went 1:1 risk/reward and I'd still another free trade that is.

    Now I wait. Looks to function as the story of my existence. By the way, that's the narrative of being a true trader--- waiting for the trades you're in to work out, or perhaps not.

    The key to achievement as a trader, in my own modest view is find an extremely low risk approach to enter the markets..., and learn how to wait.

    Possess a great week.

    --


  19. #59
    Amazing items Peter. Thank you for your own posts.


    Quote Originally Posted by mariajesuspt
    borlam69

    Thanks for the fine opinions. Something easy is better in the control of these who value straightforward.

    In my view, the market is straightforward. It merely goes where it's fed.

    -----

    I got a few e-mails asking for added clarification about how one trades the interior bar set up mentioned previously (Now formally called the Everyday I bar Arrangement) when the markets are as choppy as they have been lately.

    The reply is: the same as every other time, but particularly focus on trades that setup in the morning. Significance within 6 - 7 hrs of the open.

    The open I look at is 00:00 CST or 01:00 EST. This may likewise interpret to 06:00 GMT. It's your hard earned money along with your option now if you want to hold another time the the state open of the day.

    I do have a pal who considers that 00:00 GMT is the the state day's open, and he is had some success trading with that notion. But he trades the JPY pairs over 60 60% of the time, which might be a mitigating factor.

    I Have identified that you're consistently better utilizing a gap time span that matches closely to the conventional biological inclinations of the largest quantity of those who command the amount of money on the planet.

    That wouldn't signal utilizing the Japanese open @ 00:00 GMT.

    Straight Back on to the choppy markets we are finding.

    I Have connected an hourly chart display snapshot of the previous 2 times in the GBP/$US.

    One of my personal favorite trading markets, it was rather rambunctious yesterday and after this. Which can be normally best for trading.

    you are able to see the Daily IBar Set Up operates best before in the day. The initial trade yesterday was a instantaneously loss, place being taken by the sell directly after the initial hour of the activity of day. Afterward there was a reversal buy within within a few minutes that you can have held for the whole day profitably.

    And then a 2nd buy a few hours afterwards above a second interior bar.

    Today, it turned out to be a straightforward case of choosing the very first Daily IBar Set Up sell, choosing half the trade off a-T 1:1 and allowing it to journey.

    Other markets were not as pleasant as the British Pound, and had a lot mo Re 1:1 profit targets hit and then following stopouts.

    The 2nd chart under is the Eur/67146 free trade I took for the reason that market today. The range was therefore slim, although the trade occurred a tiny later in the day than I'd generally function, the other pairs were increasing on the dollar. Additionally , I understood that with no preceding defining trade to day, there would be plenty of sell stops below the the reduced of the hourly within tavern at 1.5788. There were. Minutes after the trade went 1:1 risk/reward and I'd still another free trade that is.

    Now I wait. Looks to function as the story of my existence. [</br9>https://forexintuitive.com/attachments/forex1496026298.png[/img] By the way, that's the narrative of being a true trader--- waiting for the trades you're in to to work through, or not.

    The key to achievement as a trader, in my own modest view; is discover an extremely low risk approach to enter the markets..., and learn how to wait.

    Possess a great week.

    -mariajesuspt-

  20. #60
    Quote Originally Posted by borlam69
    ... I've found the following.
    8:00 AM Open to 10:00 AM = Rape, Pillage OR Stalk
    11:30 AM Spike = Goin' to luncheon and desire some profit to Shut.
    1:30 PM Correction = okay, We Are again and we are gonna transfer it as much as we can.
    3:00 PM slow down is caused by Daytraders escaping . Early and Swings/Take suspecting their Commerce will now Grow...
    .... Correct my occasions should you are feeling the need...
    You understand exactly what the most unusual truth regarding the preceding is?
    (A Side from no demand to fix the instances)
    Is that it's in reality just about time zone Impartial

    It Is an Eastern Time-truth. Yet this where I'm now, Universal Time is even seen by me.
    And viewed it as a gopher (boy-Friday , working JSE orders for my supervisor in my ex-home land, that has been Universal Time 1 or 2.

    Drives the Human Component home again, does it not simply.

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