Thank you for the execution. I am a friend of understanding things. So why is this the way you write? How do I know that this is true? Do some concrete forecasts for assets of your choice and show how you arrive at the forecasts based on the chart.
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@DonkeyInvestor Why the chart behaves in structure and why trend changes occur is due to liquidity, supply and demand and order flow. The lows are not broken because "smart money" do not let their positions go into negative. They accumulate and take profits within the structure. Until at some point they think the asset is overvalued. Then comes a trend change. Mostly a trend change occurs exactly at the places where liquidity has become free in some way. (But more about that in other posts). I can pick out some assets. But can also take some from you/you. That would take quite a bit ahead but for one or the other maybe very interesting. What is clear is that you will see this structure as described above on any chart of your choice. Every asset behaves in this way.
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•@TradingMelone Yes, that's what you wrote. But how do I know that it's true about liquidity and smart money? I would actually recommend that you do that. You would have some pretty steep theses that would certainly polarize and bring you attention. As soon as it turns out that you are right about the majority of your theses, you will have the undivided attention of the community and gain a kind of god status. A lot more people will be interested in your explanations after that and will pay homage to you. First impress people and then explain how you did it. If you first explain how the trick works, many won't be interested because they don't believe it. And of those who are interested, half won't understand it because they lack the practical example.
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•@DonkeyInvestor My goal was never to gain some kind of god status :) I just wanted to bring a few interested people who asked about it the whole thing a little closer. However, if the whole thing is desired I can do that with pleasure I would also have to have saved some charts that are provided with timestamps. (I don't want to be labeled as a fibber) ;). I'll put something together :)
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•@TradingMelone You should know by now that I tend to exaggerate excessively 😁. In any case, make new ones, too. Timestamps can be manipulated
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@TradingMelone will not hate, but what show 10 chart images where you have then n perfect entry / exit if you still have 20 other chart images with catastrophic entries ;). Can be, but does not have to. To get to know your Wenigkeit times a little better. -What is so your education / studies? - What is so your return target - How long do you drive your strategy already? -Why do you think that your technique is smarter than the top quants / banks and hedgies? As I said, no hate :)! Am just interested!
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•@tAdel That may be of course :) Therefore, I can show both which weeks / monthly chart in August already posted and simply new :) My return target is not really determined. I usually just trade/invest what the market gives. I think return targets are an unnecessary pressure that makes you partly not think rationally. I say so that the most successful traders usually after 3-5% in the month as good as no longer trades or their risk down enormously. The human being tends to become irrational and overconfident no matter how rational you are after a certain win streak. My technique is not smarter than the top quants/banks and hedge funds. In the overall analysis, the point is that I can usually tell from the chart what the algorithms, banks and hedge funds are trading and what points of interest could be/are for them. It's all about positioning yourself on the side of the banks because then you win more often than you lose. Basically, I just cut myself a teeny tiny slice of the pie and then disappear again. :)
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•@DonkeyInvestor I do a mix. The best analyses are on high time frames. These are also the most interesting for the majority and the easiest for me to explain. Of course, they take days/weeks/months to complete. I do a lot of intraday trading myself, but it is much more difficult and complex. You have significantly more factors that come into play.
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@TradingMelone which traders stop at 3-5% per month? I can't think of any. Richard Dennis is (currently) the best trader in the world. He has made an average return of 190% per year for 19 years.
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@Jubele 1. has he traded for 30-40 years to my knowledge ? Completely different market. 2. I don't know where you got this info because as far as I know he blew his hedge fund because he had a drawdown of more than 50%. 3. I'm not talking about institutional traders but traders who act in a "normal level" of 6 - 8 figures. 4. It's not about the fact that you can't achieve more than 3-5% return. It is about the fact that one of the most important things in trading is risk management. You want to expose yourself to as few emotional factors as greed or fear. If 3-5% isn't enough.... I don't know, but do the math in the interest calculator and you'll see wonders.
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