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Trump Tweets And The FX Market (Podcast Episode 62)

  Рет қаралды 14,138

No Nonsense Forex

No Nonsense Forex

Күн бұрын

Пікірлер: 79
@andrewmiraldo1602
@andrewmiraldo1602 5 жыл бұрын
Ok I’m gonna be honest here VP. I had never traded forex before I watch your first video. I went through every single video, every single podcast, every single blog and when I finally decided to ask you a question the ask VP was down. Im still here, being relentless and not being lazy. This is my 5th month simulating and even though we had the worst dead market in 10 years, I still somehow managed to come out green every single month. I don’t know how to thank you, VP. You definitely changed my life.
@philiptaylor2567
@philiptaylor2567 5 жыл бұрын
The risk management offsets this I’ve found. As you have taught, and mentioned your mentor from ICT said, a 50/50 trader with stellar risk management will still be profitable. My win rate over the past 5 months in forward testing has been around 52%, not that great, and yet my profits have been very good. The no nonsense risk management is by far the most valuable part of the system. I transitioned from focusing on the algorithm to focusing more on risk management over the past few months, and wow has it made all the difference. I have three exit strategies now, and they are proving to be the most valuable part of the system. I’m joining a firm tomorrow, after months of research, careful consideration, backtesting and demo trading, and the info from the prop firm video. I found one months ago which is similar to funded-traders, but which I think is a little better. The real challenge is their 4% drawdown rule, which most of these firms have. But I’ve managed to stay above a 4% drawdown over the past 9 weeks by focusing of the risk management strategies, so I think I’m ready. As always, thank you for giving us this system Patrick! To think of how much money I might have spent trying to find a good system, and that you have taken the time to give us this content for free, it’s hard to believe. When I am a career trader in the future, as long as it may take, I’m going to hunt you down in Vegas to say thank you in person!
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
I love it Phil! And the more you're able to up that percentage little by little over time, it's just going to get even better. But you are living proof how MM wins the day in the long term.
@philiptaylor2567
@philiptaylor2567 5 жыл бұрын
No Nonsense Forex yeah, at some point I’ll go back and see if there are some changes I can make to the settings to get that perfectly tuned machine. Right now I don’t want to mess with it since I’m in the evaluation phase with the prop firm, and I know what I have works, even at just over 50%. I have followed the two trade rule to the letter. That’s the magic of the system.
@jeffenriquez1447
@jeffenriquez1447 5 жыл бұрын
Up money in my account because of my algorithm. VP is my man. I even put a spread sheet together that calculates my pip value for me. I just have to input the in ATR every time. Thank you VP!!! Love from SoCal.
@elconejito99
@elconejito99 5 жыл бұрын
Yup!!!! Likewise
@craigchook309
@craigchook309 5 жыл бұрын
Thats a great idea Jeff! Cheers
@seyiayoade9886
@seyiayoade9886 5 жыл бұрын
There is a spreadsheet on the NNFX discord that does that too..very detailed sheet/trade calculator. Check it out through the discord link
@shane7206
@shane7206 5 жыл бұрын
I finally caught up with all your material after watching it 5 days a week ahah. Now I just have to wait like the others for the next video
@augustinetrading2207
@augustinetrading2207 5 жыл бұрын
The best thing to do on the long term is, avoid the USD pairs most of the time and their correlations. Yeah they've got better volume or liquidity but the risk of manipulation by institutional traders and unscheduled news is much higher and can put to rubbish a wonderfully crafted algorithm. I use the USD pairs and their correlations mainly to test and tweak my algorithm. If it keeps giving results with them, then I believe it's fantastic with the non-USD pairs and their correlations. Thanks once more VP for a re-awakening video.
@meamenoshilongo6803
@meamenoshilongo6803 5 жыл бұрын
Just came by to say thank you VP. I'm a student and I've been struggling with trading last year when I started. I knew everything when it came to support and resistance(and all that crap). When I stumbled on your channel my whole mindset and overall view of the market completely changed. You are my ONE AND ONLY MENTOR. And I am glad to say that, in the past two months I managed to DOUBLE my account. I bearly ever lose trades and I'm more confident with my system. I use a strict money management plan and I tend to catch all those big trends. I've watched every single vid and will continue to improve my system. THANK YOU.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Keep going, never stop. It won't always be this good.
@meamenoshilongo6803
@meamenoshilongo6803 5 жыл бұрын
@@NoNonsenseForex I'm not planning on stopping. Never.
@mahad4816
@mahad4816 5 жыл бұрын
At the beginning, I was obsessed with indis that get me into trades, 9 months later, I am now with indis that can accurately (well, as much as it possibly can) stop me from getting into trades. Thanks again VP. "Less is more" - Mies van der Rohe, this architectural catch phrase also applies in forex world.
@ambushpredator8689
@ambushpredator8689 5 жыл бұрын
VP - I am using an algorith largely based upon your teaching, and I am totally avoiding pound, and very careful with USD and EUR. I used to concentrate on these 3. Now I am making money finally, thanks. And the system works also perfectly on ZAR pairs, but I am based in South Africa for many years.
@samircampos4518
@samircampos4518 5 жыл бұрын
I sit to watch a movie, but it seems something better appears, thank you VP
@williampennington7949
@williampennington7949 5 жыл бұрын
I’m sorry this is not on/topic, but using the Kijun-Sen seems to be the best baseline to a lot of traders here, even VP. Which setting should we put the Kijun-Sen on? The default is 26. I have tried it between 26 and 16. I am still however undecided. Anybody (including VP) have an opinion on which Kijun-Setting works best?
@SmilingMeowRuff
@SmilingMeowRuff 5 жыл бұрын
this is such a great podcast!!! I agree with you completely, no complaining! Let's get it!
@jimchokdeesal3057
@jimchokdeesal3057 5 жыл бұрын
Though i have reached a 6% return in my demo, but i'm sticking to your advice of 6 months NNFX backtesting/fwd testing ... thank you VP, u are my fx inner voice.
@edidiessang2148
@edidiessang2148 5 жыл бұрын
“The chief task in life is simply this: to identify and separate matters so that I can say clearly to myself which are externals not under my control, and which have to do with the choices I actually control. Where then do I look for good and evil? Not to uncontrollable externals, but within myself to the choices that are my own . . .” Epictetus. Epictetus was a slave. Marcus Aurelius was a Roman emperor. Seneca was a power broker and playwright. We can learn from these three men. As always VP thanks for bringing up Stoicism.
@rossrockomurphy2277
@rossrockomurphy2277 5 жыл бұрын
Great video topic, Truly no one is really talking about this the way you are.
@raymundenso
@raymundenso 5 жыл бұрын
That's why you need to have an indicator that will tell you crystal clear if it's up/down trending, enter and exit. Sometimes it's during that day you must exit and enter again.If you ride then huge advantage for you and those pip gaps goes to your pocket (wink2x)!
@trader2.094
@trader2.094 5 жыл бұрын
VP my hero. I will always be beating the drum for you. Much love from ZAR.
@koho76
@koho76 5 жыл бұрын
Great podcast and great advice as usual. In my forward testing I'm adding notes in my journal for "Trump Tweets".
@edidiessang2148
@edidiessang2148 5 жыл бұрын
Trade your system and let it do organically what it does regardless of the circumstances - VP. Enough said. Thanks so much bro. You are the best.
@anabatta7019
@anabatta7019 5 жыл бұрын
Great to be back on schedule. can't wait for Metals. I think Trump's thing is like Beixit , we just cant win all the time nor avoid trading all the time, the plan is to win more than lose, great podcast i loved it so much (15:44). Thanx VP
@warren1871
@warren1871 5 жыл бұрын
Thanks VP for sharing & confirming my thoughts 👍👍👍
@Animeskwl
@Animeskwl 5 жыл бұрын
"Always Trump (laugh) any external factors" @15:45 I've been practicing the no nonsense forex way since the upload of the Big Banks Video, but never commented and had no need to until now... It's good to hear you laugh, VP :)
@livinusogiri9938
@livinusogiri9938 5 жыл бұрын
On point always. Thanks VP.
@rstanaford
@rstanaford 5 жыл бұрын
I just got through Ch 8 of Trading in the Zone, where we’re told that the only thing - the ONLY thing we can reasonably expect from the market is randomness. All you can do is consistently place yourself in a position where your testing has told you that you should win more times than not and then accept that win/loss trades are based on a random distribution of outcomes. If you can accept that, then there is no room for expectation and the sense that something is being taken away from you when those expectations are not fulfilled. Trade smart, tribe mates.
@craigchook309
@craigchook309 5 жыл бұрын
Its a crazy world my friends, go with it and go get it! Otherwise you will be left behind. Always informative VP, thanks mate! Cheers
@willemvandermerwe9253
@willemvandermerwe9253 5 жыл бұрын
a big up yours to the old fuddy duddies complaining about harsh language. a well worn harsh word more often than not drives home the point better than anything else , one of the traits about vp that i grew to love from day one
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
It's KZbin this time, gotta respect.
@jlittle984
@jlittle984 5 жыл бұрын
Holy S$$t, did VP just drop a stoicism plug. Long live Marcus Aurelius. I'll add to it, I'm a pessimistic stoic (on pessimism - see Arthur Schopenhauer). Wow this channel is getting deep.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Get on my twitter, I retweet a lot of it! So good.
@fmonty1
@fmonty1 5 жыл бұрын
VP every time I here your pod I feel l like were just lowriding around the block chopping it like brothers!
@sob1673
@sob1673 5 жыл бұрын
I just got discord I don’t know how to ask you the question tho
@hali2375
@hali2375 5 жыл бұрын
Funny enough heard about this info yesterday that J P Morgan have trump volatility indicator. Thanks VP for the pep talk.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
They also bought a ton of silver months ago. They're on top of it.
@hali2375
@hali2375 5 жыл бұрын
Crazy. 'A second former JPMorgan Chase precious metals trader has pleaded guilty to criminal charges of spoofing, the Department of Justice said on Tuesday. Christian Trunz, who worked at the bank’s London, Singapore and New York offices, admitted placing thousands of orders for gold, silver and other metals futures contracts that he did not intend to execute, according to the justice department.'
@Muslims-For-CHRIST
@Muslims-For-CHRIST 5 жыл бұрын
God bless you again VP.
@matjekalesia5044
@matjekalesia5044 5 жыл бұрын
why am I seeing ads?
@dandanndannnnnn
@dandanndannnnnn 5 жыл бұрын
Nice one
@1CarlAnthony
@1CarlAnthony 5 жыл бұрын
Thanks VP!
@johnathangrey3463
@johnathangrey3463 5 жыл бұрын
I hate to be that one kid who wanted homework on the weekend. But our leader is not the problem. Its us.
@GiC7
@GiC7 5 жыл бұрын
Thanks
@lucapuzzoli8363
@lucapuzzoli8363 5 жыл бұрын
Thanks VP
@MT4talkForexForum
@MT4talkForexForum 5 жыл бұрын
Thanks for the video :)
@texven1
@texven1 5 жыл бұрын
I think this is very relevant to future trading. Other politicians are likely to pick up on tweeting more often, even if they don't operate the same way or understand it's impact. This is not going away, is my bet. So avoiding the USD may not help us.
@davykay-x4m
@davykay-x4m 2 ай бұрын
Hopefully this time is will be different
@Farnsworth47
@Farnsworth47 5 жыл бұрын
I just needed to leave a comment. I've been trading for less than a year and have always managed to hit roadblocks along the way. Two months ago I hit that road block again. No Nonsense gave me the knowledge to overcome it. This guy is worth every second of my time and if anyone wants to become profitable you'll save yourself YEARS just by listening to this guy.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Roadblocks happen always, in everything that involves any risk. The real Gs get past them while everyone else falls apart. Well done.
@jlittle984
@jlittle984 5 жыл бұрын
Maybe I'll just notate "Trump Candle" in my journal when I get an FU candle driven by a Trump tweet. At least if I take losses, it's not a knock on my system, just bad luck being on the wrong side of a Trump tweet.
@kitchenspiral
@kitchenspiral 5 жыл бұрын
Yeah, don't miss out the opportunities, go get it!  Just one point I did not agree, was that I was not excited to go to school when school started, LOL.
@dariushbehshti9752
@dariushbehshti9752 4 жыл бұрын
Hi VP, what stock should buy If I believe that Donald Trum will win in election 2020?
@tjunior6128
@tjunior6128 5 жыл бұрын
I literally had to talk my friend off the ledge of setting forex % trading goals. She said she wants to double her account. I was like WTF? In what span of time? Then detailed to her exactly how unrealistic and suicidal that would be. Even if it’s just a $100 account, yea sure technically it can be done. But this market has only recently been trending the past few months and even still its choppy as hell. The position size she’d have to put on each trade would be astronomical. Even one lost trade would set her back significantly and she’d need to double up just to get back to even from that loss. Rinse and repeat the tragic death spiral. Honestly it wouldn’t even have to be because of a stop loss. It could be simply because of not enough margin from too many trades open. Trump certainly doesn’t give any stability to this market so even one tweet could wipe you out at any random hour if you’re trading on lower time frames.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
People with small account feel like there's no other choice but to try and double up. That's why as unpopular as it was, I told people in ep 33 with small accounts to not trade them.
@sureshkumarp2360
@sureshkumarp2360 5 жыл бұрын
A good monday morning in Indian standard time.. ;) thanks Vp
@philzinvesting
@philzinvesting 5 жыл бұрын
Thanks VP. Looking forward to this video becoming obsolete.
@pauluchiha1031
@pauluchiha1031 5 жыл бұрын
oh i got it lmao, i hadn't noticed before but looking at my charts it makes a lot of sense
@weirdwelshman6191
@weirdwelshman6191 5 жыл бұрын
A wet frogs tootie? Copyright that phrase.
@sergimrov9923
@sergimrov9923 5 жыл бұрын
Thank you, great podcast as usual!
@mashroorsiddique724
@mashroorsiddique724 5 жыл бұрын
Avoiding dollar currencies help , bcs they have less or no reaction to wild hair guys tweets.
@JLH1956
@JLH1956 5 жыл бұрын
Avoid? If wild hair guy tweets have no reaction, why would you avoid dollar currencies?
@mphoshimane6617
@mphoshimane6617 5 жыл бұрын
I have been forward testing for three years and now it's about time to trade a live account now .
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Now's the time.
@ivordrazic997
@ivordrazic997 4 жыл бұрын
Well this is no longer a problem. (nothing political)
@theloftz6
@theloftz6 5 жыл бұрын
gold
@Jazagivid
@Jazagivid 5 жыл бұрын
Avoid this avoid that... Don't avoid anything. One time you are in the right side other time you get rekt. Its the in-between that matters!😆
@lokone303
@lokone303 5 жыл бұрын
👍👍👍👍👍
@johndon1SA
@johndon1SA 5 жыл бұрын
stay away from dollar pairs
@dannywhite9735
@dannywhite9735 5 жыл бұрын
I love America
@kellywest7576
@kellywest7576 5 жыл бұрын
America loves you
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