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[Please Vote] What financial markets do you trade now?

traderx4

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Posts posted by traderx4

  6. (Share) algobandz indicator

    in Ninja Trader 7

    Posted · Edited by traderx4

    This program does actually look promising. I took my first trade on it in us session on the Euro. I jumped in at 1.2934 Long when the cyan band showed up and the pink vertical one too (when everyone thought this puppy was still going lower) and got out out at 1.2961.

    Sweet...

    This is NOT my main decision making tool, however it does seem to line up with other things.

    Early days yet though. I need to give this a good thrashing BEFORE I put real money on it!

  16. How to control our greedy while on good market condition??

    in General Forex Discussions

    Posted · Edited by traderx4
    Spelling Mistake

    The reason most are greedy is because they have'nt planned out their trade BEFORE they actually enter, so they have NO clue where the price is heading.

    There are ways of knowing before hand where price may take a short break etc.

    "Remember, 15-20 pips a day can make you very wealthy in this game."

    No need to sit at your machine all day trying to squeeze out pips when the market just dont want to give up anymore, especially when the ADR on most pairs (as I type this) are at their all time low.

  18. (REQ)forex candle predictor

    in MetaTrader Indicators

    Posted · Edited by traderx4

    Unfortunatley you cannot upload files directly here.

    just upload it to https://anonfiles.com/

     

    Bit of a bold statement from the website author though.

    The website template appears to be typical of a super marketer just like many I've seen on a regular basis lately.

    I don’t think people mind paying the full price for a genuine product that has irrefutable proof that it actually works with something more than just a glossy website promotion!

  20. What Hope Do we have!!

    in General Forex Discussions

    Posted

    Found this article on a Prop firm's web site.

    Seems they've noticed a shift in the markets to the dissadvantage of the day trader

    What does the future hold for traders?

     

    You decide....

     

     

     

    'On December 5, 1988 we started S******* Securities. Very soon after, we started hiring prop traders, and many years later formed "Opus Trading Fund".

     

    Prop trading has always been and will always be an extremely important part of our business and certainly the one that is closest to our hearts. The best S****** traders will always have a place to trade and the capital to maximize their earnings potential. We are committed to them and will always strive to provide an environment for them to succeed. Sadly, however, we are re-thinking the notion that less skilled and less successful traders can be here forever without producing sufficiently for themselves and the firm.

     

    For over 21 years we have always done everything we could, with the traders¹ best interests in mind, to provide careers and opportunities for our traders.

     

    We have always cared more than you could imagine for your careers, happiness, well being and future.

     

    We truly admired many of your passions for trading and for the markets. Over the years we have stood by you and you have stood by us as well. There has been real loyalty on both ends and don't ever think we took your loyalty for granted for one second.

     

    Bull and bear markets come and go. Good trading markets come and go. But unfortunately, our vision of the future of trading has changed. It is getting much tougher for traders to make a living or get by. The direct competition from black boxes, stat arb and high frequency trading which continues to grow at exponential rates is here to stay and has caused us to change our outlook for lesser skilled traders.

     

    Based on the above competitive changes to the trading arena, we feel we are doing an injustice to both our lesser skilled traders and the firm by keeping them around. At best, they will barely get by and that's not why we are in his business or what they should be here for.

     

    Unfortunately the career of trading is not a good option for lesser skilled traders going forward. We will be letting go many of these traders over the next 6-12 months. It is with deep regret and the hardest thing we have had to do since the inception of the firm in 1988. It truly saddens us to do this, but we are doing the traders who will not be making a living going forward a favor, so they can venture into different careers.

     

    It is even more painful since many of you have been so loyal and really good guys.

     

    To those of you that we ultimately let go, we deeply apologize but whether you understand it immediately or not, it truly is best for you.

     

    After discussions with the managers and exhaustive quantitative research our objective will be to reduce the number of traders we have down to those that we believe will make a great or very good living trading for years and years to come with the necessary skills needed.

     

    The traders who are newer to trading will be given some extra time to potentially have their skills stand out. The days of a trader making a living by generating $50k to $75k of adjusted gross annually are over. There is room for only highly motivated, skilled and developing traders that can add value to each other and the firm.

     

    Once again, we wish it was different and are extremely sorry for those that don't make it.'

     

     

    :-(

  23. hey guys guys B1g b@nd Fever edu

    in Ninja Trader 7

    Posted · Edited by traderx4

    i love these indicators that show you fifty different lines of support and resistance and you have to guess which one is going to work, and of course some of them will be correct.

    if an indicator cannot locate an exact level and be at least 75% right then its not worth it other than enjoying the nice coloration lol

    jane

     

    In most cases I would agree with you on this, but In this case as the videos points out, you know what are the highest trading opportunities throughout the trading day BEFOREHAND!

    Used with good money management, you have a good trading strategy. As the guy said in one of the videos, "If you cant make money trading this then you need to seriously think about whether trading is for you."

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