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Showing content with the highest reputation since 08/23/18 in all areas

  1. 1 point
    Johnjohnson

    Forex Trading

    Hello Guys!! Actually, I am new in Forex Trading and I want to learn more about it. Somebody recommend me VOLUMEFX to learn more about Forex Trading and trade with them. Is anybody from you is trading with VolumeFX? If yes, can you please share your views about them, so that I can choose the best one!
  2. 1 point
    Hi Folks, I thought it would be interesting if we had a thread where we could all post charts of potential price moves in real time. These do not have to be actual trades you are taking. The purpose would be for us to learn from one another how to recognize these opportunities in real time. Therefore, when you post a chart, be sure to clearly state the direction in which you anticipate price to move, and the reason you are interpreting price action in that manner. This is not a thread for secrets, show-offs, or salespeople selling systems. I'll start off with the GBPUSD here soon after the markets have reopened for trading this Sunday evening. Looks like a potential short trade if there is a break of 1.6421 (For the record, I am not trading this). The first red arrow would have been a nice short entry as the Cable put in a 1-2-3 top per Trader Vic (easy to see after the fact). The second red arrow swas a second chance short entry on the retest of the break of the "2" point on that 1-2-3 top (also easy to see in hindsight). The third red arrow is the current market as price is trying to find support. If that support does not hold, a test of 1.6389 - 1.6406 would be next. I have some family time now, so I'll check in later and update the chart. Best Wishes, Thales
  3. 1 point
    TamirZoltovski

    Which is good for investment?

    While there are several investment options to choose from, an investor still requires a substantial amount of capital to build a diversified portfolio. This capital need can be a special challenge for young investors, as they may have minimal savings to invest. Thus, Tamir Zoltovski (Co-founder of Moneta International UAB) says ETFs (exchange-traded funds) make it probable to have a diversified portfolio with comparatively low investment thresholds.
  4. 1 point
    felixsam

    Which is good for investment?

    I would think about it, but without a doubt ... I think ETFs are the best option.
  5. 1 point
    Stan1

    Which is good for investment?

    Well I don't know. Good is only defined by you. What might be good for me might be disastrous for you. What are your goals? How much do you have? These are some of the questions you need to answer. Do you have a trading plan? I might post mine here to help. Most of all, you need to be sure of your own decisions. Asking for what trades are good is a sure way to lose your money. I could tell you what to trade then trade against you and basically just rob you. Learn your own system to trade. Do you have good resources?
  6. 1 point
    bootstrap

    I Look Back Now and Wonder

    I wasn't sure where to put this, so the powers that be can move it if they see fit. I put it here for anyone who is just starting out and wondering what it really takes to become part of that elite club of profitable traders. I lurk on several trading forums. I join a few and make a few posts. One thing that I rarely see is the painful path one took to becoming successful. So for all you beginners here is what becoming successful took. For my fellow brethren that are already in the club have a good laugh. The markets had always lured me as a kid. I would read the paper and make predictions. Sometimes they were right; sometimes not. Then one day I got that famous commodity-trading flyer, sent my money off and took the plunge. My first stab at trading was commodities and I started with $5k in 1991. I was using the strategy as outlined by the guru. The account was gone within a few months. Well that didn’t work. I thought, people do this everyday and make money why not me. So off to the library. I read every book the Memphis library had on trading and investing. I paper traded the strategies I found while I built my bankroll back up. I learned exits, set-ups, position, expectancy, market psychology, and portfolio management. I soon realized that I was reading the same thing over and over no matter which book I checked out. Time to build my strategy. I am ready to do this. I bought a new computer, Metastock Pro 6.0, and opened an account with $30k. Its 1995, and this is my shot. By 1997 I was toast again. The family life went to hell in a hand basket, and I thought I could trade through the difficult times. The result was an account with a balance of $2500. Back to the drawing board. Took care of the personal stuff. Lived like a monk raising capital. Worked nights and watched the market during the day. Took a second job on the weekends to raise more money. Then one day out of the blue, the little red and green candles started to make sense. I saw patterns develop over and over in the same spots. I placed a trade and made a profit. But I had done this before. I removed the MACD from my charts. Placed another trade and made a profit. Maybe I am on to something. Removed the channel indicator that I stumbled across. I could still see the action and new what the MACD was doing and where the action was in the channel without them even being on the chart. I even stopped drawing trend lines. It was just me and the screen. I planned every trade. I knew exactly when, where, and why I entered and exited. I was patient. I became a predator. Lurking and waiting. I took every shot the market gave me. If it started to go wrong, I got out quick and waited. If the market did not give me an opening, oh well. There is always tomorrow. By the fall of 1999, I was consistently profitable and have been ever since. For those that are waiting for the sales pitch, there isn’t one. For those that are waiting for me to expose some great secret, well there isn’t one of those either. What I will give you are a few simple pointers that I learned the hard way. And the sad part is, most will stilll learn these the hardway. 1)Take everything you read with a grain of salt. That includes this post. 2)Never pay for a system. It is just not that easy. 3)If something comes up in your life that is distracting, stop trading. 4)Plan every aspect of your trade down to the smallest detail, and plan for every possible outcome. 5)Develop your own strategy. Don’t let someone tell you that you can’t trade a simple moving average if you truly believe you can. 6)Test the strategy in the market that you will be trading. If you like the results, trade it in another totally unrelated market and see if it still holds up. 7)Paper trading is ok, but there is nothing that truly tests the strategy like hard earned cash. 8)You will have to make sacrifices in order to make it. I still do. In the middle of my learning period I was working 18 hours a day during the week and 12 on the weekend. 9)You are responsible for everything when it comes to trading. That includes stop running, bad fills, limit moves, your PC crashing. I mean everything. See #4 10)And last but probably most important, don’t be afraid of failure. Just do like Edison and go, “Well that didn’t work”. Good trading to you all.
  7. 1 point
    Investing in Forex is not a game, it is something serious and study, experience, patience and a lot of discipline. It can be a very profitable business if you are careful and never get greedy.
  8. 1 point
    alexa-moore

    Forex signals

    The forex market is like boxing, if you train well and are good you can earn a lot of money and have free time. But if you go there without training you will be very bad, places to invest there are many, and while they are regulated you will not have fraud problems, however even if you have the best broker in the world if you do not know how to analyze markets, you will hardly avoid losing your money.
  9. 1 point
    I really dont understand why people are still searching for reliable signal provider, as we all know they all are scam. None can give you 100% true result for few bucks.
  10. 1 point
    landorra

    Forex signals

    This is the most important one of them all.
  11. 1 point
    samuel78

    New To The Community

    Hi, all I am Samuel new to the forum and very much in love with the forum Hoping to make some new friends here. Thank you.
  12. 1 point
    Binaries aren't designed for you to win in the long run learn to trade spot and get better at risk management, you'll do better overall vs binaries
  13. 1 point
    mitsubishi

    Knowing the Direction of the Market

    NO ..............................................................
  14. 1 point
    zdo

    ,,,just Sayin...

    Reflexivity So let’s go ‘beyond’ ... Yet if you review his trades, including normal trades and his outlier ‘country killer’ trades, and dig a little bit, rather than developing a knack at ‘narrative trading’ it turns out in each instance he had agents providing inside knowledge previous to the emergence of the situation, and he then spent considerable resources buying influence to manipulate each situation to the trade’s advantage. Rich and famous, he “felt obligated” to write books about it, but (What I’m just sayin’ is) - he is lying in his books. If some permutation of the concepts have not already occurred to someone engaging in narrative trading, the term and concepts of Reflexivity may help one conceptualize narrative trading better and maybe even help to participate more fully in the middle of moves... but they will not help in (instigating) and participating at the beginning... or in pressing and assuring that the outcomes go to extremes ... and the painful truth is many trend traders go broke 'successfully' participating in the middle of moves.
  15. 1 point
    Yeah! That's my pleasure
  16. 1 point
    zdo

    free dumb

    Are you constitutionally illiterate? https://www.rutherford.org/publications_resources/john_whiteheads_commentary/suspending_the_constitution_in_america_today_the_government_does_whatever_it_wants ... btw, the 'statists' started whittling away on the 'constitution'/ concept on day one... centuries ago... no surprise 'it' is in jeopardy now...
  17. 1 point
    ethanscott

    Market Volatility.

    I agree. Share prices change because of supple and demand. If more people want to buy a stock (demand) than sell it (supply), then the price moves up. Conversely, if more people wanted to sell a stock than buy it, there would be greater supply than demand, and the price would fall.
  18. 1 point
    mitsubishi

    ,,,just Sayin...

    If you want somethin done, guess you have to do it yourself- Bono is a virtue signalling, hypocrite boring traitor ignorant cunt.... and a fuckin RACIST https://www.youtube.com/watch?time_continue=396&v=TjIORAjYWng
  19. 1 point
    zdo

    Gauge upcoming high volatility

    Have you looked at tweaking https://www.incrediblecharts.com/indicators/chaikin_volatility.php Basics = On charts: - statistically speaking, nothing has been found in markets that comes closer to following linear cycles than 'volatility' - statistically speaking, sideways ‘congestions’ are followed by ‘volatility’ - statistically speaking, narrowing ranges are followed by expanding ranges “statistically speaking” means these indications give no "gauge" / information about the size of next move or the risks involved... only that ‘activity’ typically follows ‘inactivity’ ie-with options, nothing (outside of astro) is reliably predictive of the variance of the next move... ie with buying options, you have to figure out a way to play all the major waves in order to be there for the outliers ie- hope you’re writing ‘insurance policies’ into screaming volatilty instead of buying them in dead volatility... who makes money ? the insurer or the bozo who buys policies left and right... took taleb years to figure that out and he’s a pretty smart cookie... sorry - off topic now.... and congestion time is due to end ... hth
  20. 1 point
    Gamera

    Testing Times.

    Actions for the 6th. Another day with high volume and big movements.
  21. 1 point
    zdo

    Which indicators you like and why

    Noobies, PAn said "Indicators are absolutely worthless" To be more accurate, PAn should have posted "Indicators are absolutely worthless to me." Indicators are like any other measure or representation - worthless if you don’t know how to use them. When I first started trading I studied indicators in depth then moved on... it was not until many years later when I got into automation that indicators and learning how and WHEN to use them became not “absolutely worthless” but extremely valuable. ... PAn, somewhere a noob is in a Price Action thread trying to integrate new material. Someone like you pops up and says “Price action trading is absolutely worthless. Indicators are all I need” . Helpful? No. To really be accurate PAn should have posted nothing at all in this thread...
  22. 1 point
    "Moving Averages, Oscillators, Woodie Are the only indicators that i like to use for trading.
  23. 1 point
    Gamera

    Testing Times.

    Actions for the 31st. Volume seemed to be all over the place along with the PA.
  24. 1 point
    Gamera

    Testing Times.

    Actions for the 30th.
  25. 1 point
    MaxPastukhov

    Forex Trading Vs Stock Trading

    I invested a lot of time looking for profitable traders before getting into the niche. Something around 2-3 weeks of 12+ hours a day just to find somebody whose words I can believe enough to make any conclusions. I must say that I found profitable and believeable traders in both markets, but stock trading had much more of them. I found just 2 full-time Forex traders whose words I can believe. They don't sell any services or products, they just live from trading of their own accounts. Both of them are tired of trading. As for the stock market, there are a lot of people sharing their results publically. I found enough to make my own conclusions. There are also a lot of people who finally moved from future to stocks. It's just more profitable at the end. While Forex may seem more profitable at the very beginning becauase it's so volatile, the truth is directly opposite. Forex isn't "volatile", stocks are much more volatile by their nature. Forex gives you an illusion of volatility due to insane leverage. Taking into account average daily range of 0.1%-0.5%, you are trading purely noise. Being a software developer, I created an internal statistical analysis system to build price movement distributions. They are so close to white noise distribution you will be surprised. As for stocks, movements have clear signals in them. Yes, there is still a lot of noise when you are day trading, but just look at higher timeframes too see the difference. I would personally prefer stocks, I plan to convert my first product to stock trading simulator in the future. Forex is a good way to learn initial trading experience as long as you trade penny accounts, but I would stay away from it if I decide to get back to trading again.
  26. 1 point
    JohnyIve, Please design and write us "some tips, or links for beginners". Thanks
  27. 1 point
    bakrob99

    Trading With Market Statistics - LINKS

    I have put this thread together because I wanted a place which had all the links for J.Perl's TRADING WITH MARKET STATISTICS threads for easier access. Trading With Market Statistics I. Volume Histogram Trading With Market Statistics.II The Volume Weighted Average Price (VWAP) Trading with Market Statistics III. Basics of VWAP Trading Trading with Market Statistics. IV Standard Deviation Trading with Market Statistics V. Other Entry Points Trading with Market Statistics VI. Scaling In and Risk Tolerance Trading with Market Statistics VII. Breakout Trades at the PVP Trading with Market Statistics VIII. Counter Trend Trades in Symmetric Distributions Trading with Market Statistics IX. Scalping Trading with Market Statistics X. Position Trading Trading with Market Statistics XI. HUP
  28. 1 point
    johnnydaymon

    TTM Wave a B C Indicator Code

    Here you go Derek !, the function and A,B,C Function - mbC.txt TTM Wave A.txt TTM Wave B.txt TTM Wave C.txt
  29. 1 point
    Atti2dTrader

    Reading Charts in Real Time

    NZDUSD reached its profit target. Best, AT
  30. 1 point
    MidKnight

    Become a Better Trader

    Develop a plan. As one goes on their trading development journey and they are exploring a variety of markets, timeframes, and methodolgies - you'll need to develop a plan. The plan doesn't have to be some objective extremely specific set of rules. It can be a loose set of guidelines that makes sense to you that gets refined over time with your experience. The goal is to start acting consistently so you can get consistent results. There will probably be times that you violate the plan for whatever reason and I think that is normal, especially for more discretionary plans. But the key is to consciously violate it rather than getting lost in the throws of the market or in ones emotions. If you are consciously violating the plan you will note it in your daily review and over time you will collect enough data that may or may not indicate that the violation improves your plan. Develop a plan today.
  31. 1 point
    georg7e

    Wyckoff Resources

    I do not know if this is the right thread to post this in. If it is not, kindly move it to the right one. Attached are .txt files of the data from many of the chapters of the original course and the course available on this forum. All of this had to be manually done, looking at the charts(usually with magnifying glass), reading the text, internet searching holiday dates and trying to determine the accurate D,H,L,C,V. The dates(D), on all bar & volume charts should be accurate. The P&F chart data is based on intraday data which, to the best of my knowledge, is not available, but the charts in the course show the months along the bottom and the end of each daily session with circles around the "x". Some of the P&F files have dates included, but those dates are obviously not from the 1930's, I just used those dates to import the data into my charting software, so that I could plot it. Also, on some of the data I entered false data at the beginning of the files so that some data would plot in the beginning of the chart, so one doesn't have to work right on the left egde of the chart. Chap9_PnF.txt Chap11_BS.txt Chap12_US Steel P&F data.txt Chap13_NYT1929PNF.txt Chap16_Anaconda.txt Chap16_AnaconPnF.txt Chap17_DJU1936.txt Chap17_DJU1936PF.txt Chap17_ElecP&L.txt Chap17_ElecPnF.txt Chap17_NYT1936.txt Chap21_ATT1932PnF.txt NYT 1930-1931.txt Chap16_NYT1934.txt
  32. 1 point
    When the es emini SP gaps overnight, I've noticed something interesting about the UVOL/DVOL ratio. There is often huge differences between the Up Volume and Down Volume at the market open after an overnight gap in price. Take a look at the es emini SP on Friday 3-18-11 for example. The NYSE 500 opened with Up Volume that was 65 times more than Down Volume! A 65 to 1 ratio of up volume to down volume. On a day when the es doesn't gap overnight, the ratio of one volume to the other is normally around 1 to 3 either way. So a ratio of 65 to 1 compared to a ratio of 2 to 1 is a huge difference. It only took 3 minutes for that ratio to drop to 30 to 1 at 9:33 am. And it was 11 to 1 by 9:48 am. Those are still very big differences of Up Volume to Down Volume. The interesting thing is, that the es emini dropped in price all day. So the huge Up Volume compared to Down Volume did not make the es go up. The ratio of Up Volume to Down volume was dropping all day, and the es emini went down all day. The es didn't bottom until that ratio got back to a fairly normal range of about 2 to 1, at 3:13 pm.
  33. 1 point
    Ingot54

    MT4 Indicators

    Here is an excellent Indicator for MACD fans. At first I was under the impression that it is a proprietary indicator, but it is listed in this MT4 Indicators site, which is publicly available: http://www.search4metatrader.com/index.php You will have to register, but they are not asking for anything except your email address. This indicator, which I have attached is available under "M" of course, and you will locate it on page 4 of the "M" directory. By the way - I have found that the best setting for it are: 4 - 21 - 1 - 5 The default settings are 10 - 20 - 1 - 7, but these can be up to 5 candles/bars late in getting you into a move. A bonus of using the MT4 site, is that the top downloads for the month/week/ever are listed on the front page, and I am sure you will find something there - even hard-to-find indies. There are truly thousands of MT4 Indicators listed on this site, which does look like an official MT4 site. Bookmark it for the future. Cheers Macd with EMA BDv8_12_31.mq4
  34. 1 point
    Hey, So I am not being discouraging by saying this. But, if you are dealing with such small intervals and tp and sl 3 pips, it is going to be very wise to break down price further. I am getting ready to set up a tick depository and plot the results vs a milisecond time graph and monitor the rates of change between ticks, I think the most important thing before you start your research is to determine what market conditions are conducive to this type of trading style, because we know that there is no one system that can trade all markets. So it is important to make sure you find a time and place where your system will succeed. In my own opinion and from my scalping system I am building, I think range-bound markets are the most conducive for scalping type trading. A range is characterized by a failure of higher highs and lower lows, and looking for price swings almost like a sin wave. of course it doesn't always look like that but with what your looking to do, i think it would be wise to take a range bound indicator and then try and predict short term price moves by using a combination of time series analysis and using rates of changes of different intervals to look for price movement in different directions. because with your current setup the only recommendation i can make is to make sure you use oanda as a broker to keep your spreads as small as possible.
  35. 1 point
    rangerdoc

    Wyckoff Resources

    I'm not one to make a habit of bumping old threads, but based on earlier discussion, this is clearly the best place to post a link to the original Wyckoff course: The Richard D Wyckoff Method of Trading and Investing in Stocks: A Course of Instruction in Stock Market Science and Technique. Wyckoff - Course.pdf
  36. 1 point
    suriNotes

    KOSPI - Rangebound Trading

    Hi Soultrader, Here is KOSPI 200 Index ABC Chart update... Regards, Suri
  37. 1 point
    Regarding MT4---I am not aware that volume information reported in MT4 is truly accurate or valid. I know for currencies that the volume in MT4 is only the volume reported by each individual broker, thus it is not really an accurate representation of what is really happening. There are many forum posts that talk about this issue of forex and volume... Since this indicator needs an accurate volume picture, I'm not sure that porting this to MT4 is the best idea unless you know that the volume in the MT4 feed is truly accurate... Best, David
  38. 1 point
    omni2006

    Market Profile Trading Concepts

    correct. so if we have established a balance area, a push outside that balance is initiative and we get range extension. the responsive tail means that the initiative effort was shut down. there wasn't enough power behind the move to sustain it, a more powerful responsive movement came in, and created the tail. back into the balance we go. we had a nice example of this today in the ES. at point #1, higher prices would be expected to shut down selling, but it didn't so someone was trying to initiate an upward move. after we got range extension up, sellers responded at point #2 and the upward movement failed. the area that sparked responsive selling lined up with yesterday's VAH (point #3). though i realize there is more complexity to the market and its behaviors, i use a very basic lens for this scenario: did the expected happen? if we reach the upper portion of a visibly recognizable balance area, did higher prices shut off the buying? if not, that is unexpected and therefore not responsive. it is initiative. that's only for the direction. keep in mind how many different agendas are at play in the market at any given time. if, like we described above, the initiative move is weak and overtaken by responsive sellers then that initiative attempt failed. not only has this upward move failed sending us back down into balance, this can easily generate downward momentum and spark an initiative downward move at the bottom of our balance area. i think understanding the market through Market Profile simply takes a lot of time and practice. remember that MP is not a strategy, nor is it a trading system. of course, that's not to say people can't create trading systems based off of MP. i sincerely hope that helps. thanks and take care - omni
  39. 1 point
    Seb Manby

    [VSA] Volume Spread Analysis Part II

    Hi Speres; I assume that you are referring to my status quote, I just don't think there is anything else I can learn, I think I have reached the end of the road, and I have to say I am disappointed because life is most interesting when you are trying to overcome a hurdle, Tom Williams cannot teach me anything, he cannot find any faults in my analysis, can any of you out there teach me something about VSA technique I cannot see in a chart for myself? So now what? do I just turn that knowledge into a fortune? I don't need anyones else's money, I have more than enough for my needs and wants, so will I be miserable for the rest of my life? Gavin wants me to run the educational side of TradeGuider, I have agreed to work for them on a part time basis. Everyone in this room is talking about success, or trying to find it, but how many of you are thinking about the consequences of that success, and what will you find in yourself if you then arrive at that success? will you become bored of trading? will success make you slack in your discipline? For me there is no challenge in reading the market anymore, no struggle to make me feel excited, I have thought of finding someone who has decimated their account and replenishing it for them, but what would that achieve?, be warned that if you reach the top of your tree, what expectations will you have then? That is the reason for my status quote under my name. I am currently writing a book similar to Tom's, but explaining all the principles that Wyckoff wanted the public to understand, going into great detail, better than any book I have read, giving hundreds of charts in greater detail than my PDF postings last November, I am hoping that I can help someone with no experience to become someone who can support themselves financially on their own two feet, through the book and training videos, then I might not have a reason to exist after that. And Tom has been asking me to write a book for the last four years, so I caved in. Best wishes to you all. Sebastian
  40. 1 point
    Anonymous

    [VSA] Volume Spread Analysis Part I

    Welcome. There is more than one definition for No Demand. In the book the base definition is given as a narrow spread bar closing up with volume less than the previous two bars. The Trade guider definition, also in the book, is a narrow spread bar closing up on volume less than the previous two bars AND closing on the middle or low of its range. Joel Pozen would define a No Demand as simply any bar closing up with volume less than the previous two bars. Or a bar closing equal, on volume less than the previous two bars with the previous bar higher than the bar two bars ago. Still others would include any buying bar (a bar with a higher high, but not a lower low than the previous bar) that has a narrower range and with volume less than the previous two bars is No Demand. If it closes either up from or equal to the previous bar. The underlying element is volume less than the previous two bars on equal or up closes. Note if the close is down and the we have a buying bar with the close on the low, the we have a hidden Upthrust in the form of No Demand. Sorry, I don't think I have really answered your question. I guess the reason is, the question you should be asking yourself is "How am I comfortable defining No Demand within the context of market behavior and amidst the various possible elements set forth?". I have added this beautiful pic from Monday. Note the two No Demands on the right of the Dotted line. The first one obviously closes on its high and has a smaller range than the previous bar. Plus it has volume less than the previous two bars and is a buying bar. The second one has a greater range than the previous bar and closes near its low. It has volume less than the previous two bars. It is a buying bar (positional relationship), but the low closes signals no real buying going on. This is a Hidden UpThrust in the form of No Demand. TG software would NOT pick up either of these.
  41. 1 point
    sheptrader

    [VSA] Volume Spread Analysis Part I

    Hi Gordon G, remember weakness apppears on up bars not down bars, you have marked all down bars with volume less than previous two not up bars. so simply put,. down trend looking to go short look for weakness in up bars up trend looking to go long look for strength in down bars regards sheptrader
  42. 0 points
    MrFunke

    Song of the Day

    That 5-year-old girl thing is amazing!
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