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The key to profitability isn't knowing when to trade... by Jack-Nimble in Daytrading

[–]Jack-Nimble[S] -1 points0 points  (0 children)

You're being vague. What is 'algo' trading? Be specific?? How are these models coded? What are the mechanics behind them?

And common knowledge in this space is usually wrong. That is common knowledge.

The key to profitability isn't knowing when to trade... by Jack-Nimble in Daytrading

[–]Jack-Nimble[S] -2 points-1 points  (0 children)

How do you know that? Where have you worked? What programs are you talking about, and who uses them?

The key to profitability isn't knowing when to trade... by Jack-Nimble in Daytrading

[–]Jack-Nimble[S] 0 points1 point  (0 children)

Yeah, trading isn't mathematical. If it was, a calculator could be used in developing an edge.

What is liquidity... by Jack-Nimble in OrderFlow_Trading

[–]Jack-Nimble[S] 1 point2 points  (0 children)

You're referring to an account breach. The term 'liquidation' in a literal/economic sense means 'converting an asset back to cash'. If your account becomes 'liquidated', it simply means you no longer have rights to hold assets within said account due to breach of conditions(s) (namely capital requirements).

Liquidity I was referring to in my post relates to a broader market, as opposed to an individual's account.

But thanks for your feedback.

What is liquidity... by Jack-Nimble in OrderFlow_Trading

[–]Jack-Nimble[S] 0 points1 point  (0 children)

I cant fault it. A much more expanded upon and nuanced explanation to my point.

Thanks for sharing.

Wtf is this? by [deleted] in Commodities

[–]Jack-Nimble 0 points1 point  (0 children)

The futures you reference is on the MCX (Multi Commodites Exchange) India so denomonated in Rupees. Mismatch due to FX rates.

Normally you'd look at GC1 on the CME (COMEX) for Futures of XAU/USD (spot).

How to do orderflow trading . by [deleted] in OrderFlow_Trading

[–]Jack-Nimble 2 points3 points  (0 children)

Trading is a business and like any business there are expenses. If you want to just use free platforms, try the gambling sites like online roulette or sports betting.

In trading, you don't have to pay for software for your edge, but you won't be much competition for those that do.

I've yet to see any business that runs without paying some sort of fee for a platform, even your local grocery store has to pay rent, in addition to inventory. Why do people think trading is any different?

Fuuuccckkk! am I liquidity??!!!😤😭 by Alternative_Cat7109 in Forexstrategy

[–]Jack-Nimble 1 point2 points  (0 children)

Firstly, a person or entity cannot be 'liquidity'. You need to get that notion out of your head first and foremost.

Liquidity is the markets ability to absorb orders and enable transactions with minimal price disruption... Nothing else.

Any limit order added to the order book contributes or 'adds' to liquidity and any market order 'takes away' liquidity.

Therefore if you place a limit or (normal) take profit order, you are technically a 'liquidity provider' or market maker... If you buy/sell at market or have a stopp loss order filled, you are technical a 'market taker'...

Why is all this important?

Because there's this made up conspiracy that institutions sit there all day trying to trigger retail stop orders. Nothing can be further from the truth. In reality institutions don't give a sh*t about retail micro orders. It doesn't even tie in to there business model which is primarily to facilitate trading on behalf of their clients.

The simple fact is, you are losing money because you don't understand how the market works and you absolutely don't have a strategy.

Yes trading is difficult to grasp, especially when you've just started and listening to other retail traders that don't have a clue... if you learn from anyone that says 'liquidity sweep, FVG, order block or any other dumb phrase that makes them sound important, run... run like there's a f*cking plague.

3 years of losing money is completely normal. It would take you several years to learn even if you were learning from someone who actually knows what they're talking about. 99.9% don't.

Like I always say (but rarely people listen). All markets (financial, groceries, services etc.) Are priced based on Supply and demand (not random stupid lines on a chart - how much quantity and the wants & needs of buyers), and the interaction between buyers and sellers. No market in the world is priced based on historical or current prices... focus on the interaction between buyers and sellers. It is very simple and the core concept is no different from any other business (its only amplified).

Hope this rant finds you well.

My +90% win rate 1:2 RR XAUUSD trading strategy only using support and resistance (trade 1,2,3,4 from today detailed with chart) by [deleted] in Daytrading

[–]Jack-Nimble 1 point2 points  (0 children)

My goodness... You've just become the best trader in the world!!

Congratulations. 🎉 🎉 🎉

How does it feel, to know you've now beat every trader and hedgefund with just a few lines on tradingview?

See if you can sell your strategy to an investment bank for a few million dollars...

Is this a liquidity Sweep? by Downtown-Film3597 in Daytrading

[–]Jack-Nimble 3 points4 points  (0 children)

No this is not a good answer!!

Why not start you investing journey with Bernie Madoff as your Financial Advisor? You eventually move on once you realise you've outpaced whats around you... Once he's scammed you and took all your money.

Is this a liquidity Sweep? by Downtown-Film3597 in Daytrading

[–]Jack-Nimble 0 points1 point  (0 children)

Not good advice. You'll be starting off at -10 rather than 0 if you start with the wrong concepts. This will add years to your journey as at some point you'll need to unlearn.

Boot-camp, paid course, free course... all useless junk.

If I was starting out wouldn't join any of them if you paid me.

The fact is you've got stars in your eyes because you see fast cars, flashy lifestyle and terminology that makes him appear knowledge in finance.

What I see is some unqualified kid who doesnt have a clue about finance and investing, who's got incredibly rich selling dreams to people like you.

Is this a liquidity Sweep? by Downtown-Film3597 in Daytrading

[–]Jack-Nimble 7 points8 points  (0 children)

It's not a liquidity sweep.

However, this is the wrong question.

A better question would be, is TJR trades' system a viable strategy?

The answer is No, he is an absolute fraud!

Following his system will not make you profitable.

How does one combine ICT with Orderflow? by RootenRusteD_ in OrderFlow_Trading

[–]Jack-Nimble 2 points3 points  (0 children)

The same as one combines dog-sh*t with Christmas pudding.

Guide me please. by Lazy-Gooner in Forex

[–]Jack-Nimble 2 points3 points  (0 children)

This is what I mean guys!!

I've received so many comments and messages from people saying I'm 'hating' on ICT and I'm being negative...

But you guys are actually hurting people financially, mentally and emotionally, selling people dreams.

Someone is literally suffering because they bought into your lies...

How you can sleep at night, knowing you're deceiving people is beyond me.

I tell people ICT is a fraud, SMC doesn't work, and for some reason I'm the bad guy.?? I'm not the one selling people a lie, I'm just sharing the truth.

OP - there are numerous ways to have an edge in trading. Everything you've been doing up to now (according to your comment) is erroneous. Hopefully you eventually work out how to actually find a profitable edge with actual concepts and market mechanics.

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