If you just discovered this channel, check out the "no nonsense forex" discord server that a lot of VP's followers are part of...we have already done a ton of indicator back testing etc....discord.gg/A7RceTS
Sentiment, I've noticed is super important. Obviously, do not ever trade specifically off of it, but if you are thinking of going long, and you see anything above 70% of retail traders are long, I would be very cautious with that trade. It could still go long for a very short trade, but over a daily, weekly period the odds are it will go short.
Hey VP, I can't thank you enough for the wealth of GREAT information you're sharing. From time to time I check out what other UA-camr's are sharing for entertainment purposes only and just feel really bad for those following them or worse; falling victim to FX scams. I like your style, I've studied all your content, and as a result I have a killer strategy that is working in my demo account. I'll follow you till the end. Thank you!
"In a very short amount of time i have reversed the fortunes of many many Forex traders around the world" Yes Sir i am definitely one of them ...i am enjoying your videos and having tremendous success now from looking at 24 pairs for my one setup like you suggested in another one of your videos to look at them all
Since I found the big banks video I used trading 212 demo account to go opposite of the sentiment on all pairs I could find and the positions were up 40k the next morning, I didn't pay any attention to risk management considering it's a demo account and just an experiment but it's now up 102k now it's definitely not something you want to religiously follow but it's eye opening
An observation about the flash crash the other day is that it shows the power of the VP way of trading ,following the trend and using the daily chart. The Yen pairs were in a downtrend on The Daily charts which is the direction that the flash crash happened. Seems to me, unless I am missing something ,the people that got clobbered were trying to go long in a downtrend and trading on a smaller time frame than the daily charts. Thanks again for your awesome mentorship! I vote VP for president, or maybe (V)ice (P)resident LOL! The worst that would have happened following your system would have been all the Pips that you would have lost as price came back up if you were not watching the flash crash and cashed out near the bottom. Thanks again!👍👍👍👍👍
Sometimes...i feel, as soon as i click buy long,,,,, seems like someone on the otherside of the computer is like .....ya thanks sure and then boom ...price move opposite direction
I use real time sentiment watch on my brokers app (it’s a really popular broker) and I use it as a third confirmation to examine when a trade signal goes against where everyone else is. Keep my system clear of where popular crowds are
Been General Counsel for a number of IT firms. Very difficult and expensive to patent source code. Can't patent open or free source code which is generally a part of any built program. Also very difficult to patent across all languages. Always a risk in transposing but smart programmers can structure code distinctive enough to avoid legal challenges. Just some food for thought.
how about I only enter trades in the opposite direction of sentiment, anytime I get a signal from my algo that matches the opposite direction of sentiment.
Binge watching your vids. Information is key. I'm 39 been in the Industrial sector my whole career and I've realized it's time for a change. Grew up with computers but never made money of it. Was always the local please fix it guy to family and friends and the trading industry grabbed my attention. I've started trading on etoro since 11 Nov and it blew my mind. I'm glad I came across your vids almost at a perfect time since I'm literally a blank page with already the basics learned - candle sticks, patterns etc. You have a new pupil. Thank you for this invaluable information.
Three things: 1) I can port code as I have been programming for 30+ years. I wrote many NT8 indicators and strategies in C#. MT4 is C++ like, and thus no big shakes. I just need to become familiar with the MT4 API and MT4 market-events model. I got started with NT8 by writing a volume indicator. I will probably take the same approach with MT4. However, I first want to finish ALL of you videos BEFORE I try ANY programming. (Note: MT5 has more API functions available and may be useful) 2) If the IG sentiment data was available directly (or via screen scraping), perhaps a ratio of (dumb:smart) was say 99:1 (tunable) could be a good indicator. 3) Would setting a proxy / VPN to/in say London give someone access to tools not available in USA? Just some of my initial thoughts as I transition from traditional TA to your NoNonSense thinking.
Long story short: 1. Dont trade euro/usd 2. Use only daily chart 3. Use ATR for stop loss. 4. Use less other dollar pairs 5. Dont trade the news 6. Expect only 20% return a year. Am i forgetting anything?
Hey VP. I don't know if you ever use trading view. Even if just to use for Confirmation, but you could use the SSI algo on there. Plus if you combine this with the 8 major pair strength indicator (not a meter - but shows you strength changes - typically strong pairs get stronger until the banks need to take profit and vice versa). What you end up with is pairs that are crossing typically show either a reversal or the start of a new trend. You can tell if something is more likely to start a trend when there is lots of retail position and volume at a position the banks can capitalise upon. Happy to chat about this more if you are interested. Typically this means you get into 3-4 trades a week which after reversals leaves 1-2 trend trades per week.
You have forever changed the way I trade. Thank you so much! Sentiment explains why oil went negative (I was looking at Sentiment data from fxcm, where it was revealed that for every seller, there were over 25 buyers)
VP thanks for your simple yet truthful insight . I have been trading for what feels like an eternity in hell . I felt there was an unseen enemy I was battling against but never figured out who they really were. One week some news would come out and the markets would go short, the next week some similar news would come out and the markets would signal to go long. then the same news would repeat the next week and the markets didn't seem to have a direction, which is very confusing, now I have a face I can fucking hate, thanks my new friend.
Forex Sentiment is not a leading indicator! it´s lagging! It´s the reactions of reversing trades, and price averages. Its a reaction of the traders not a signal.
Do you send a confirmation email, when someone register at the blog I registered twice and i did not receive anything yet (u mentioned that u will send some tips on Xmas nothing received) plz advise and Thanks
@@NoNonsenseForex How to know if I am registered then ? Also as a non related question I trade crypto only what are the best concepts that can translate to that market if you can mention something during the next podcast like a ten mins or so , and thanks eitherway
In every video you say different things, i saw before the video: Make the opposite from mass.... and now this....!!!!!! I think you don't know what to do, like we all..... :-)
I never comment on youtube but honestly man, I'm only 19 and thought forex was fake for a really long time. Have been binging your videos and taking action for about a month now learning from scratch and am continuously making solid realistic profits by following my algorithm. Appreciate your free education a lot, you're changing lives. 🤝
If the stop loss doesn't get triggered when there's a flash crash..( some news came ) ..you're thinking you're safe when actually slippage kills you.. any solution to this? (M new to trading ,haven't experienced it myself but heard it from ppl and read in books too ) but couldn't find the answer ?
No matter how good your TA, you still have no control over what the market is going to do 😂. Every TA indicator is showing what happened, or a ‘prediction’ based on what has happened. By your reckoning, all analysis and trade decsisions are guesswork and pointless and all we should care about is money and risk management. Show audited results and people might put faith in your methods.
Man you are really good but in this video there is something weird... the sentiment index always(most of the times for long time charts 1d+) work and i continue to make money since i saw your first video about the BIG BANKS. So i dont know why u posted that video... Did they paid you ??? :P
You can find SSI from 9 brokers here fxssi.com/tools/current-ratio Also check the Commitment of traders report here www.cftc.gov/dea/futures/deacmesf.htm Please watch videos on how to use them carefully
Fun dentals and sentiment will change ur GAMe but who understands fundamentals on a deeper level ??? Its hard thats why people chose technicals be coz its simple and works but fundamentals AMD sentimental will give u an erg that technicals will not even understand sooo good luck to the pure technicians let's see how much u made in 5 years
Vp says dont use it, I dont bother myself to use my time to experiment it cause i cant imagine How much time Vp might have invested in order to make this work somehow !! And this is the result he concluded with.. !! Maybe someday when i can become like Vp, Time rich, I will try it out.. but for now.. I am using all my time to test and test !!! Thats itb
I am about half the way through my first tour of your videos and podcasts. Been trading forex for about a year (before I ran across these) and at current I am what you would consider a consistent loser. I have stopped all trading until I can go through all of your information a few times. I have wasted thousands of dollars on courses from a few different traders this last year that have taught me to become the "dumb" money and now I am SMH. I was doing better when I first started out a year ago before wasting money on these other gurus just really guessing because I did not know anything. Thanks for these.
Does anyone know how to install indicators from www.mql5.com/en/code/mt4/indicators ? I have a macbook and was able to find a way to install MetaTrader 4 but everything on the site is only showing me MQ4 files for download. Please help
What if we use what the 99% dump money indicators use on daily and flip it so if it says long to dump money we go Short with the assitance of our real Ta technical analysis approval. Is this usable?
It's the journey that is rewarding. What is the satisfaction in being given everything for nothing? When you discover that awesome setup, everything clicks into place, and the countless hours you poured into it were all worth it. Then the rewards are truly yours, you earned them, and you're better off for it. I get the appeal of money for nothing, but 99% of people who offer that are scammers. Pave your own way.
@@Patientbull it's difficult to break out of the mindset of wanting a tried and true system laid out and dummy proof. To make a blanket statement that to have those natural thoughts should make a person stop altogether is idiotic and ignorant at best. It takes years and years to break that thought habit. And if a person claims they never have those thoughts, they're either outright lying, or I'd recommend they seek mental health treatment because theres probably some wires not connected.
I want to thank you for all your great videos, I’m learning forex but I hear many people saying that forex is a gambling. I would like to know what you think about it.
It’s not gambling when you find a system that works. I’ve been in the forex market for about 15 months, with about 40% loss overall, going from one strategy to the next trying to find something that works for me. I found no nonsense forex about two months ago. Based on VPs advice I have already found a system that works. It’s not perfect, it’s not complete, it still needs to be tweaked, and will continue to change over time. But I’ve probably spent about 40 solid hours backtesting it now validating it’s efficiency, and I keep finding more and more ways to improve it. Find a winning system and you are not gambling. This is the only channel I’ve found that gave me the right info to do this. And frankly I’m shocked and still doubtful that my algorithm will work. But my backtesting just keeps confirming it
@Phillycheesecreapie. I totally agree with you ,I’ve been demo trading for almost 5 months, VP’s videos are inspiring. I also spend hours backtesting and looking for new ways to improve my strategy, is far from being perfect but I know that if I follow VP’s advices, my chances of winning are much higher than if I follow many others. I wish you all the best in your trader career.
I have literally grown in a lot in your channel , may God increasingly bless you. I heard we could ask questions 🙈, What’s your view on the Commitment Of Traders Report?
Hello Mr. VP - Thank you very much for every video and every second you devoted to helping all of us out there achieving our goals. I wanted to ask you a question: Would it be similar information provided by the "Change" inside COT Report to the FXCM MD chart? About changing masses money from one side to the other (and also institutional money) - or just maybe these both info suppliers could in a way complement each other? Thank you very much!
You've missed two things. One - that sentiment is most powerful at extremes, at turning points. Two - for some reason IG sentiment is actually smart money at extremes. Look how everyone gets long around bottoms and short around tops. I know that's weird, but they aren't dumb money like so many other crowds are.
Just the answers I was looking for regarding sentiment. Also confused about you contradicting yourself then going to what you think we should do...? I understand most, and your videos are awesome, but I have a confused optimistic mind about your videos. So keep them coming lol I'm just going to re-watch them til I get it right. Thank you VP
the big banks videos, and the realisation the banks drive price opposite has actually ruined me lol. i have managed to get many unbelievable trades since i discovered this in january, (over 100% return) and yeah ive got trapped in a few shitty ones, but i dont feel confident in my system if it says go one way, and the sentiment is ALSO going that way too. its extremely conflicting actually...
hello Mr VP thanks for sharing your knowledge with us I have a question I hope you answer it does Elliott waves really works because I don't think that it works at all
I was demo-trading short NZDCAD when the USDJPY crashed, and it taught me a valuable lesson - my MT4 system is not in sync with my demo account! My stop was triggered in the demo account, but nowhere near in the MT4...thinking cap on now...
I have joined a course 1 month ago. Since been trading on demo, and being open minded to learn from all sources. After many research- i found out the Banks win 95% of the time (Goldman Sachs). I was looking for the 'how' as a retail trader. You have answered some of my questions and i am really grateful!. Thank you
Lua is one of the simplest scripting languages. That isn't to say that the scripts are simple. And then there migth be "hard-coded" dependencies and libraries that's only available through their platform. On top of that, there's the licensing, which may make backwards engineering or translation a very risky undertaking. In any case, for the right compentsation, etc, etc... ^^
I’m spending more time trouble shooting MT4 for MacBook desktop than demo’ing because it’s so fuckin clunky and antiquated. It takes so much energy to figure out how to install a fuckin indicator and none of the tutorials are helpful. This is ridiculous. I’m a believer in VP’s trend trading methodology but im tired of wasting time just to get a program to run installations. Many of the indicators on the site don’t even have descriptions/instructions on how to use them.
Download a virtual machine program like VMWare (paid) or virtualbox (free) and install windows on it then use mt4 for windows Otherwise install windows through bootcamp but this way You can either boot in windows or in macOS Hope that helps Good luck
Hey Patrick... I'm binging on your content, and taking tons of notes. I'm totally new to any kind of trading, so not familiar with a lot of the terminology. Can you explain long/short please, or direct me to a video or something. Thanks! -C
Having some degree of experience in fx trading, the core concept playlist has given me further clarity and has give space to improve my current system i have in place. Thank you VP.
If you like the interaction, check out the "no nonsense forex" discord server that a lot of VP's followers are part of...we have already done a ton of indicator back testing etc....discord.gg/A7RceTS
Hey mate.. i was wondering if you happen to know of a api service of some type where ig sentiment data is steamed to your platform just like price.. atr is pretty corralated..
I discovered your channel 12 hours ago. Man, you have red-pilled so many wannabe traders (including me). Thank you!!!
If you just discovered this channel, check out the "no nonsense forex" discord server that a lot of VP's followers are part of...we have already done a ton of indicator back testing etc....discord.gg/A7RceTS
@@dustin.barrett Thank you im in there now!
Thanks for the link bro
They are reading these comments and following likes and watches btw lol
@@kram_capital The Discord Server is still going. discord.gg/BenQTmN
you are helping people's dream come true , not everyone can do that , at least for me your tips are helpful , thank you
also say the same. i got scammed and was almost giving up on forex until i found this channel and now I'm on the right track
Sentiment, I've noticed is super important. Obviously, do not ever trade specifically off of it, but if you are thinking of going long, and you see anything above 70% of retail traders are long, I would be very cautious with that trade. It could still go long for a very short trade, but over a daily, weekly period the odds are it will go short.
If you want to know where the dumb money is heading then just follow my trades.
I've just bought my first laptop which is arriving tomorrow. Im in it for the long run. All I need is 1% profit per month and il retire quite happily.
But bruh, I'm a beginner and I want to be extremely successful using 1 tip I found in your very first video. Stop fucking with my dreams!!!
Hey VP, I can't thank you enough for the wealth of GREAT information you're sharing. From time to time I check out what other UA-camr's are sharing for entertainment purposes only and just feel really bad for those following them or worse; falling victim to FX scams. I like your style, I've studied all your content, and as a result I have a killer strategy that is working in my demo account. I'll follow you till the end. Thank you!
"In a very short amount of time i have reversed the fortunes of many many Forex traders around the world" Yes Sir i am definitely one of them ...i am enjoying your videos and having tremendous success now from looking at 24 pairs for my one setup like you suggested in another one of your videos to look at them all
As always I believe you are the most realistic.. practical and REAL trader offering pure golden lessons and advice! Thank you.
ha ha why are you here you are using agimat :P
Yesterday 80 buyer for pound and 20 seller and price climbed 100 pips The SENTIMENT is dumb or are we lol ?
Since I found the big banks video I used trading 212 demo account to go opposite of the sentiment on all pairs I could find and the positions were up 40k the next morning, I didn't pay any attention to risk management considering it's a demo account and just an experiment but it's now up 102k now it's definitely not something you want to religiously follow but it's eye opening
So, you trade the opposite of the Sentiment?
@@Martin-bk3sp Now imagine if you go _opposite_ of the opposite!!111111
@@kebman😂😂😂
@@kebman 😂😂😂😂
An observation about the flash crash the other day is that it shows the power of the VP way of trading ,following the trend and using the daily chart. The Yen pairs were in a downtrend on The Daily charts which is the direction that the flash crash happened. Seems to me, unless I am missing something ,the people that got clobbered were trying to go long in a downtrend and trading on a smaller time frame than the daily charts. Thanks again for your awesome mentorship! I vote VP for president, or maybe (V)ice (P)resident LOL! The worst that would have happened following your system would have been all the Pips that you would have lost as price came back up if you were not watching the flash crash and cashed out near the bottom. Thanks again!👍👍👍👍👍
There is definitely something to that. Will cover in the next podcast ep.
waw ... u are right man vp system is the best but i didnt cash out cuz i was sleeping lol ... big thanx vp
Good point but more to do with poor holiday liquidity. Don't trade the hols.😉
Sometimes...i feel, as soon as i click buy long,,,,, seems like someone on the otherside of the computer is like .....ya thanks sure and then boom ...price move opposite direction
I use real time sentiment watch on my brokers app (it’s a really popular broker) and I use it as a third confirmation to examine when a trade signal goes against where everyone else is. Keep my system clear of where popular crowds are
Been General Counsel for a number of IT firms. Very difficult and expensive to patent source code. Can't patent open or free source code which is generally a part of any built program. Also very difficult to patent across all languages. Always a risk in transposing but smart programmers can structure code distinctive enough to avoid legal challenges. Just some food for thought.
What are you referring to?
I bought Usdjpy at 112. And still holding now 😂😂😂
AndY thumb rule for using sentiment analysis, as well as best site for it, kindly share with me, aND WITH US,
VP, happy new year, I bought the Daily Stoic...wow damnit, great book. Thanks for sharing.
You're always on top of the psychology stuff.
you help me become twice as good in just a few of your videos
how about I only enter trades in the opposite direction of sentiment, anytime I get a signal from my algo that matches the opposite direction of sentiment.
It depends on the broker mate information varies with brokers...daily fx is lagging that is true
Binge watching your vids. Information is key. I'm 39 been in the Industrial sector my whole career and I've realized it's time for a change. Grew up with computers but never made money of it. Was always the local please fix it guy to family and friends and the trading industry grabbed my attention. I've started trading on etoro since 11 Nov and it blew my mind. I'm glad I came across your vids almost at a perfect time since I'm literally a blank page with already the basics learned - candle sticks, patterns etc. You have a new pupil. Thank you for this invaluable information.
Three things:
1) I can port code as I have been programming for 30+ years. I wrote many NT8 indicators and strategies in C#.
MT4 is C++ like, and thus no big shakes.
I just need to become familiar with the MT4 API and MT4 market-events model.
I got started with NT8 by writing a volume indicator. I will probably take the same approach with MT4.
However, I first want to finish ALL of you videos BEFORE I try ANY programming.
(Note: MT5 has more API functions available and may be useful)
2) If the IG sentiment data was available directly (or via screen scraping), perhaps a ratio of (dumb:smart) was say 99:1 (tunable) could be a good indicator.
3) Would setting a proxy / VPN to/in say London give someone access to tools not available in USA?
Just some of my initial thoughts as I transition from traditional TA to your NoNonSense thinking.
Have you been able to programm something for mt4/mt5?
Either the charts are false information or dumb money is trying to catch a falling knife.
Long story short:
1. Dont trade euro/usd
2. Use only daily chart
3. Use ATR for stop loss.
4. Use less other dollar pairs
5. Dont trade the news
6. Expect only 20% return a year.
Am i forgetting anything?
Noup, looks like you are ready to go trade strategies with warren buffete
Hey VP. I don't know if you ever use trading view. Even if just to use for Confirmation, but you could use the SSI algo on there. Plus if you combine this with the 8 major pair strength indicator (not a meter - but shows you strength changes - typically strong pairs get stronger until the banks need to take profit and vice versa). What you end up with is pairs that are crossing typically show either a reversal or the start of a new trend. You can tell if something is more likely to start a trend when there is lots of retail position and volume at a position the banks can capitalise upon. Happy to chat about this more if you are interested. Typically this means you get into 3-4 trades a week which after reversals leaves 1-2 trend trades per week.
I would love to know about this
Hey VP, is that you when you were a kid? lol 👍🏼🤘🏼
You have forever changed the way I trade. Thank you so much! Sentiment explains why oil went negative (I was looking at Sentiment data from fxcm, where it was revealed that for every seller, there were over 25 buyers)
VP thanks for your simple yet truthful insight . I have been trading for what feels like an eternity in hell . I felt there was an unseen enemy I was battling against but never figured out who they really were. One week some news would come out and the markets would go short, the next week some similar news would come out and the markets would signal to go long. then the same news would repeat the next week and the markets didn't seem to have a direction, which is very confusing, now I have a face I can fucking hate, thanks my new friend.
A true game changer 🔥
Finally watched them all and listen to them all.
Forex Sentiment is not a leading indicator! it´s lagging! It´s the reactions of reversing trades, and price averages. Its a reaction of the traders not a signal.
So have you tried using it as a signal? How did it go?
Thanks VP....keep handing out those Red Pills.
Do you send a confirmation email, when someone register at the blog
I registered twice and i did not receive anything yet (u mentioned that u will send some tips on Xmas nothing received) plz advise and Thanks
No confirmation email. I used to, but then a lot of people weren't confirming, then complaining later.
@@NoNonsenseForex How to know if I am registered then ? Also as a non related question I trade crypto only what are the best concepts that can translate to that market if you can mention something during the next podcast like a ten mins or so , and thanks eitherway
You are just brilliant. Love your sense of humor. Love the irony.
i have come close to a holy grail system 100 % based upon technical indicators. Wonder what few of us with such such systems combined can do ;)
No such thing. Stick with the basics and hard work.😉
That is awesome. I agree. I haven't come that close. Happy for you :)
In every video you say different things, i saw before the video: Make the opposite from mass.... and now this....!!!!!! I think you don't know what to do, like we all..... :-)
VTOLKits hahaha oof
You don't get it huh
I never comment on youtube but honestly man, I'm only 19 and thought forex was fake for a really long time. Have been binging your videos and taking action for about a month now learning from scratch and am continuously making solid realistic profits by following my algorithm.
Appreciate your free education a lot, you're changing lives.
🤝
If the stop loss doesn't get triggered when there's a flash crash..( some news came ) ..you're thinking you're safe when actually slippage kills you.. any solution to this?
(M new to trading ,haven't experienced it myself but heard it from ppl and read in books too ) but couldn't find the answer ?
No matter how good your TA, you still have no control over what the market is going to do 😂. Every TA indicator is showing what happened, or a ‘prediction’ based on what has happened. By your reckoning, all analysis and trade decsisions are guesswork and pointless and all we should care about is money and risk management. Show audited results and people might put faith in your methods.
Man you are really good but in this video there is something weird... the sentiment index always(most of the times for long time charts 1d+) work and i continue to make money since i saw your first video about the BIG BANKS. So i dont know why u posted that video... Did they paid you ??? :P
You can find SSI from 9 brokers here fxssi.com/tools/current-ratio
Also check the Commitment of traders report here www.cftc.gov/dea/futures/deacmesf.htm
Please watch videos on how to use them carefully
Fun dentals and sentiment will change ur GAMe but who understands fundamentals on a deeper level ??? Its hard thats why people chose technicals be coz its simple and works but fundamentals AMD sentimental will give u an erg that technicals will not even understand sooo good luck to the pure technicians let's see how much u made in 5 years
you should be millionaire with all this knowledge
Vp says dont use it, I dont bother myself to use my time to experiment it cause i cant imagine How much time Vp might have invested in order to make this work somehow !! And this is the result he concluded with.. !!
Maybe someday when i can become like Vp,
Time rich, I will try it out.. but for now.. I am using all my time to test and test !!! Thats itb
I am about half the way through my first tour of your videos and podcasts. Been trading forex for about a year (before I ran across these) and at current I am what you would consider a consistent loser. I have stopped all trading until I can go through all of your information a few times. I have wasted thousands of dollars on courses from a few different traders this last year that have taught me to become the "dumb" money and now I am SMH. I was doing better when I first started out a year ago before wasting money on these other gurus just really guessing because I did not know anything. Thanks for these.
4 dislikes from the bank
11 dislikes from dumb money
Does anyone know how to install indicators from www.mql5.com/en/code/mt4/indicators ? I have a macbook and was able to find a way to install MetaTrader 4 but everything on the site is only showing me MQ4 files for download. Please help
What if we use what the 99% dump money indicators use on daily and flip it so if it says long to dump money we go Short with the assitance of our real Ta technical analysis approval. Is this usable?
Thanks VP. Waiting for that TS video!
if you say to somebody "don't use it very often because its not the correct way, I won't recommend you to use it"
people starts using it EVERYDAY
You: Put in the work. Us: Yes, sure. Now show me the short cut. 😀
Why are yall even trading ? Choose another career. Seriously
Best Forex software online: HootForex.club
me : i love hard work
also me: thank god he isnt giving away his system
It's the journey that is rewarding. What is the satisfaction in being given everything for nothing? When you discover that awesome setup, everything clicks into place, and the countless hours you poured into it were all worth it. Then the rewards are truly yours, you earned them, and you're better off for it. I get the appeal of money for nothing, but 99% of people who offer that are scammers. Pave your own way.
@@Patientbull it's difficult to break out of the mindset of wanting a tried and true system laid out and dummy proof. To make a blanket statement that to have those natural thoughts should make a person stop altogether is idiotic and ignorant at best. It takes years and years to break that thought habit. And if a person claims they never have those thoughts, they're either outright lying, or I'd recommend they seek mental health treatment because theres probably some wires not connected.
Do you work the cot report?
Wooooah, don't mention that here! That is strictly for people who actually know how to trade. : )
So your video about banks was total Nonsense
he showed you proof moron
Use higher timeframes for your signals and play the long game. Public is almost always the other way when D1 and W1 agree.
I want to thank you for all your great videos, I’m learning forex but I hear many people saying that forex is a gambling. I would like to know what you think about it.
If you're uneducated about it, yes it is.
Forex is a form of gambling. However, you learn to make yourself the casino not the punter.😉
It’s not gambling when you find a system that works. I’ve been in the forex market for about 15 months, with about 40% loss overall, going from one strategy to the next trying to find something that works for me. I found no nonsense forex about two months ago. Based on VPs advice I have already found a system that works. It’s not perfect, it’s not complete, it still needs to be tweaked, and will continue to change over time. But I’ve probably spent about 40 solid hours backtesting it now validating it’s efficiency, and I keep finding more and more ways to improve it. Find a winning system and you are not gambling. This is the only channel I’ve found that gave me the right info to do this. And frankly I’m shocked and still doubtful that my algorithm will work. But my backtesting just keeps confirming it
@Phillycheesecreapie. I totally agree with you ,I’ve been demo trading for almost 5 months, VP’s videos are inspiring. I also spend hours backtesting and looking for new ways to improve my strategy, is far from being perfect but I know that if I follow VP’s advices, my chances of winning are much higher than if I follow many others.
I wish you all the best in your trader career.
Thanks for this video VP, its very helpful
I have literally grown in a lot in your channel , may God increasingly bless you. I heard we could ask questions 🙈, What’s your view on the Commitment Of Traders Report?
Did you just call yourself a B***h A$$ at 16:20. 😂😂😂
Thank you so much for this video I was about to make a grave mistake😣
Made a lot of the trend trading and lose when I go against and chase learnt my lesson
Did’nt the bank do this today?
Hello Mr. VP - Thank you very much for every video and every second you devoted to helping all of us out there achieving our goals. I wanted to ask you a question: Would it be similar information provided by the "Change" inside COT Report to the FXCM MD chart? About changing masses money from one side to the other (and also institutional money) - or just maybe these both info suppliers could in a way complement each other? Thank you very much!
Market Sentiment is not the problem, the tools and indicators you've tried to use to analyse market sentiment are.
Awesome content yet again!
You've missed two things. One - that sentiment is most powerful at extremes, at turning points. Two - for some reason IG sentiment is actually smart money at extremes. Look how everyone gets long around bottoms and short around tops. I know that's weird, but they aren't dumb money like so many other crowds are.
Just the answers I was looking for regarding sentiment. Also confused about you contradicting yourself then going to what you think we should do...? I understand most, and your videos are awesome, but I have a confused optimistic mind about your videos. So keep them coming lol I'm just going to re-watch them til I get it right. Thank you VP
I was able to download the SSI indicator but it’s only for trading station. The one for MT4 costs $99.
The OANDA order book is a good tool to identify where the dumb money is ; )─
the big banks videos, and the realisation the banks drive price opposite has actually ruined me lol. i have managed to get many unbelievable trades since i discovered this in january, (over 100% return) and yeah ive got trapped in a few shitty ones, but i dont feel confident in my system if it says go one way, and the sentiment is ALSO going that way too. its extremely conflicting actually...
This is why my channel focuses on creating a system and testing it so you can trade with absolute confidence and results.
hello Mr VP thanks for sharing your knowledge with us I have a question I hope you answer it does Elliott waves really works because I don't think that it works at all
How do you verify a track record?
Fxbook.com
Myfxbook, not fxbook
Backtest yourself and find what you comfortable with.. remember we are not copying.. we are discovering..
Jason Bond told me not to watch this video!
who tf is that guy
Oh he has 3 simple patterns! Simple AF! Talk about dumb money
@@vortex811 One of many scammers out there.
James Bond or Jason Bourne ?????????
lol...this was a great funny post....eat, sleep and trade baby lol
I was demo-trading short NZDCAD when the USDJPY crashed, and it taught me a valuable lesson - my MT4 system is not in sync with my demo account! My stop was triggered in the demo account, but nowhere near in the MT4...thinking cap on now...
I do NOT like to trade directly from MT4
True indeed! audjpy and gbpjpy had a 'flash crash' this morning.
You have have really changed my life
so whats the take away? use it or do use it? it works or doesn't work? what do you mean chase?" is chasing it" using it as another confirmation ?
did u continue watching ? find a result ? benefits?
cuz i'm pissed for him taking for ever to give 1 info
VP - You're getting popular. There is now an indicator based on your money management. Best form of flattery - lol.
It's like getting a street named after you!
What about COT report VP😁😁
I have joined a course 1 month ago. Since been trading on demo, and being open minded to learn from all sources. After many research- i found out the Banks win 95% of the time (Goldman Sachs). I was looking for the 'how' as a retail trader. You have answered some of my questions and i am really grateful!. Thank you
google goldman sachs 10k fileing. It will show you exactly how well they do. fkn scary.
VP top ! Only one time I’m followed the sentiment and have burn an account
So basically the answer is: No
Lua is one of the simplest scripting languages. That isn't to say that the scripts are simple. And then there migth be "hard-coded" dependencies and libraries that's only available through their platform. On top of that, there's the licensing, which may make backwards engineering or translation a very risky undertaking. In any case, for the right compentsation, etc, etc... ^^
Was not aware of the licensing end of things. Oh well, what's done is done.
hmmmm.....possible......hmmmmm......good luck
Happy New Year No Nonsense traders. Probabilities over time I like that concept. Thanks VP
Dan
I’m spending more time trouble shooting MT4 for MacBook desktop than demo’ing because it’s so fuckin clunky and antiquated. It takes so much energy to figure out how to install a fuckin indicator and none of the tutorials are helpful. This is ridiculous. I’m a believer in VP’s trend trading methodology but im tired of wasting time just to get a program to run installations. Many of the indicators on the site don’t even have descriptions/instructions on how to use them.
Worst case scenario you can get a $150 Chromebook or something similar for trading. I know several people who love Macs, but do this just for trades.
Download a virtual machine program like VMWare (paid) or virtualbox (free) and install windows on it then use mt4 for windows
Otherwise install windows through bootcamp but this way
You can either boot in windows or in macOS
Hope that helps
Good luck
Hey Patrick... I'm binging on your content, and taking tons of notes. I'm totally new to any kind of trading, so not familiar with a lot of the terminology. Can you explain long/short please, or direct me to a video or something. Thanks! -C
You really need to learn the basics before coming here. Go to my 2nd podcast episode and it will show you where to get the basics down.
@@NoNonsenseForex Doh, I missed that one. Thanks.
Having some degree of experience in fx trading, the core concept playlist has given me further clarity and has give space to improve my current system i have in place. Thank you VP.
Thank you for the comments I like to read the comments it make it very real and interaction opinions from others
If you like the interaction, check out the "no nonsense forex" discord server that a lot of VP's followers are part of...we have already done a ton of indicator back testing etc....discord.gg/A7RceTS
IM SUPER EARLY HAHA 2:22AM MY TIME. New Vid woohoo 😄
VP, you really do kick ass. Thank you for all the info.
VP You're AMAZING !! Thank you !! 🙏🔥🔥
the khan academy of forex
I waited a week for this
"I waited a WEEK for this", or "I waited a week for THIS??"
The 2nd one
@@jrthereaper okay, this man is the best trader IMO
Where the comments
Thanks again for a great video. Happy New Year!
Hey mate.. i was wondering if you happen to know of a api service of some type where ig sentiment data is steamed to your platform just like price.. atr is pretty corralated..
There are indicators out there somewhere that you can put this data right on your chart, I just don't know where they are anymore.
Ok thanks for the reply.. not sure if its 100% nessessary however worth investigating.
Still looking for "better" though. Thanks for the help.
Won't chase it
this is for scalping??
Can you explain about trading community