How difficult is it to find an effective daytrading method?
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Thread: How difficult is it to find an effective daytrading method?

  1. #1
    I am opening this thread to discuss the degree of difficulty in developing or locating a method having an edge.

    After years of work from the game, I am certain that there are installments giving advantages to traders to win.

    In daytrading, the game is tougher that trading at greater timeframes. In daytrading, the trader must keep watching the display many hours. The spread price is a lot higher in comparison real time response and execution issues.

    My ideal daytrading procedure is one which can provide a few setups on average within a 9-hours session if investing in a few pairs, with positive expectency a few times greater than the spread/commission price.

    My experience is that after having a while to come up with or adapting a procedure, it seems the market behavior change somewhat and the approach is no longer so successful after a time. The frequency of occurance of this setup is getting fewer.

    I am interested in hearing from someone who've already been effective in using a daytrading procedure. I want to understand how hard can it be within their view. On one extreme, someone believe that they can find one on a forum, and as far as they instruct their subject hard enough they could win with this. While on the other extreme, someone don't believe there exist a daytrading method can win in the long run.

    I understand that plogy has an important role in trading, but I am not speaking about how to control emotion in order to fully utilize a trading procedure. HereI would love to talk if one had fully got rid of emotion.

    Please don't induce this discussion to my trading skill or my personal life. This is a objective and impersonal discussion. If you believe this type of discussion are meaningless or even a waste of time, that's okay, and you don't need to participate here.

  2. #2
    Quote Originally Posted by ;
    quote Dealers help to manage fund as not sure if you have been success or not, but good luck with your trading! Https://forexintuitive.com/discussio...-sideways.html
    KK007 so you know that you cannot manage dealers, market makers, banks (even 10-20 majors), authorities (200), oil companies (even 20 majors)...
    all sort of things are not under our electricity.
    Even I don't want to say If I'm profitable.

    It is Only size of your location
    and you will find 2 mobile telephones, 2 net lines, 2 notebooks (actually I have 3 notebooks)
    other wise you can loose your connection with your position;--RRB-
    I'm sorry for stealing your time. I'll keep quiet further

  3. #3
    Not sure what you wish to indicate, but...
    Bye! Have a wonderful day.
    Quote Originally Posted by ;
    quote KK007 which means you are aware that you can't manage traders, market makers, banks (even 10-20 majors), governments (200), oil companies (even 20 majors)... all kind of things are not under our power. Even I do not wish to say If I'm profitable. It is Only size of your place and you will find just two cellular phones, 2 internet lines, 2 notebooks (actually I have 3 laptops ) other wise you can loose your relationship with your position;--RRB- I'm sorry for stealing your time. I'll keep quiet farther

  4. #4
    Quote Originally Posted by ;
    Check out Price Action Trading Equation by Julie Hatch and Thread on FF combine the two and You Also have a method
    Really interesting. Not certain by taking plausable thoughts that were quite basic what both of their reasons are composing absolute bollox to make it seem more complied than it is, then offering tuition for a price to people who hadn't managed to grasp their mumbo-jumbo. Laughable but I suppoose that they have to pay the bills!

  5. #5
    Quote Originally Posted by ;
    I am opening this thread to explore the amount of difficulty in locating or developing a daytrading method having an edge powerful enough to use...
    My belief is its easy and the market wont change or get rid of the border because the market is impersonal. But I am still working on mastering my method lol!

  6. #6
    I hope this will not be regarded as grave digging of old threads.

    Here is some interesting bit about daytrading which makes me go to 1hr or bigger timeframes where bigger potential is. Just see below that 1 transaction each day and you have to make greater than 4 percent of average range of the pair...

    Therefore, some desire has to be added to our calculation, accounting for the fact that choosing the precise high and low is extremely improbable. Assuming that a trader is not likely to exit/enter at the top 10% of their average daily range, and is not likely to exit /enter at the lowest 10% of their average daily range, this means that trader has 80 percent of the available range available to them. Exiting and entering in this area is more realistic than being able to enter in the area of a daily low or high.

    Using 80 percent of their average daily range from the calculation provides these values for the currency pairs. These figures paint a portrait which the spread is quite significant.



    EUR/USD
    Spread as a percentage of potential (80%) pip possible: 3/81.6= 3.68percent

    USD/JPY
    Distribute as a percentage of maximum pip possible: 3/61.6= 4.87percent

    GBP/USD
    Distribute as a percentage of potential (80%) pip possible: 4/99.2= 4.03percent

    EUR/JPY
    Distribute as a percentage of potential (80%) pip possible: 4/93.6= 4.27percent

    USD/CAD
    Distribute as a percentage of potential (80%) pip possible: 4/49.6= 8.06percent

    USD/CHF
    Distribute as a percentage of potential (80%) pip possible: 4/75.2= 5.32percent

    GBP/JPY
    Distribute as a percentage of potential (80%) pip possible: 6/116= 5.17percent

    With the exclusion of this EUR/USD, which is only under, 4% of their daily range is eaten up from the spread. In some pairs the disperse is a section of the daily range when factoring for the probable the trader will not be able to accurately select entries/exits within 10% of the high and low which establish the daily range. (To get more information, see Forex Currencies: The EUR/USD.)


    More: http://www.investopedia.com/articles...ay-trading.asp

  7. #7
    Quote Originally Posted by ;
    With the exception of the EUR/USD, which is just under, 4 percent of the daily range is consumed by the disperse. In some pairs the spread is a section of the daily range when factoring for the likely possibly the trader will not be able to accurately select entries/exits within 10% of the high and low which establish the daily range.
    I agree

    Quote Originally Posted by ;
    Day trading is the toughest method to achieve profitability due to the spread.

  8. #8
    Some people trade for 5 decades nevertheless still not profitable and are almost always at breakeven, yes it is quite hard to get an advantage in the market. You are trading from professionals in case you don't find.

  9. #9
    The dream/fantasy of day trading for riches starting with little capital is why the 95% can not get. Their expectations are large. Patterns aren't reliable, there are many signs, spreads are excessively big, news releases are hazardous. The market is random.

    With WIDE prevent losses (very low risk) and after LONG term trends, you can make money -- generally something along the lines of normal market yields in bonds, stocks, etc. (5%, 10%, 20% in a fantastic year).

    No matter how or what you trade, home runs are infrequent. 100 percent a year is rare. Year after year, 100 percent a year, is nearly impossible. But that is the expectation. People with small starting capital and a dream do not have the patience for normal market yields.

  10. #10
    Quote Originally Posted by ;
    You're trading from trained professionals...
    Surely not. You're trading from yourself.

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