Trading from an Experienced and Successful FULL TIME Trader | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a full Time Trader Or Part Time? 32 replies

Full-time student, Part time trader 7 replies

from retail trader to full-time trader 17 replies

Experienced Coder/Trader Needed to Develop Trading Strategy 0 replies

Attachments: Trading from an Experienced and Successful FULL TIME Trader
Exit Attachments

Trading from an Experienced and Successful FULL TIME Trader

  • #121
  • Nov 11, 2013 12:51am Nov 11, 2013 12:51am
Quoting FerruFx
{quote} Your post was made while I was typing mine !
LOL! i had a very strong feeling this was the case. Great minds think alike! LOL. It becomes apparent quickly on here who is successful at trading and who is just in the business of hating. The proof of peoples account sizes and therefore successes become quite obvious by the ridiculous statements and responses. Nonetheless, good entertainment at times haha
  • #122
  • Nov 11, 2013 12:54am Nov 11, 2013 12:54am
Quoting doriotcapita
Nonetheless, good entertainment at times haha
MT4/MT5 EAs/Indicators/Alerts coder
  • #123
  • Nov 11, 2013 12:55am Nov 11, 2013 12:55am
Quoting doriotcapita
{quote} First of all I am not bragging. I was merely responding to a question. Secondly, if I were to tell you I was risking .01% per trade to make 1% a week, that would be very impressive. You cannot merely go by numbers alone because you do not know what Im risking per trade. You can tell me you made 50% last week but thats not impressive until you tell me how much you are risking per trade. If you are risking 25% per trade, thats not impressive at all. If you are risking 1% per trade, I am very impressed. Please think about what you say before...
The guy was asking you about your annual compounded roi or overall roi. This post however means you are claiming at least 50 percent return on investement per year?
  • #124
  • Nov 11, 2013 1:18am Nov 11, 2013 1:18am
Quoting MedievalEcon
{quote} The guy was asking you about your annual compounded roi or overall roi. This post however means you are claiming at least 50 percent return on investement per year?
I dont remember seeing the word annual in there. Overall, yes and we were discussing last week and october. 50% a year is NOTHING, unless you are trading a VERY large account and by that I dont mean 6 figures. But frankly, its none of anyones business how much I make. I think I have given more than my fair share of info concerning that and if thats not good enough perhaps you should scurry on over to the trading systems forum and try out one of the many systems that dont work in the long haul. Im not trying to be rude but I have to be blunt because apparently some on this thread dont get it. I may have to just start blocking folks. LOL.
  • #125
  • Nov 11, 2013 1:58am Nov 11, 2013 1:58am
Quoting doriotcapita
{quote} I dont remember seeing the word annual in there. Overall, yes and we were discussing last week and october. 50% a year is NOTHING, unless you are trading a VERY large account and by that I dont mean 6 figures. But frankly, its none of anyones business how much I make. I think I have given more than my fair share of info concerning that and if thats not good enough perhaps you should scurry on over to the trading systems forum and try out one of the many systems that dont work in the long haul. Im not trying to be rude but I have to be blunt...

Hi Doriot
thanks for your extensive and very usefull explanations.
Happens all the time, people either get envious, or just think they will be cheated again....so they start attacking.
My suggestion, donīt even waste a second on those, clean them up fast...
Iīve seen it over and over again, people start honest, helpfull threads, and get fed up after a while, having to deal with rubish...your posts are long, clear and explanatory...if you get hung up answeing all that garbish you will give up soon...and we will all loose your valuable insight.
Letīs just continue with the learning and the fun...lifeīs too short... you donīt have anything to prove...
Your charting defintively makes sense to me...
Have a nice, profitable, peacefull day.
  • #126
  • Edited 2:12am Nov 11, 2013 2:00am | Edited 2:12am
@doriotcapita:

Great S/R thread; many thanks for sharing. Very clear and comprehensive explanations.
Somebody mentioned Steve's (BillyRayValentine) no-brainer trades (here and here), and your concepts are very similar. Brought back some happy memories for me.

Just ignore the noobs who want to see Trade Explorers or proof of performance. There are plenty of systems on sites like eToro or zulutrade that make ridiculously unsustainable returns for a few months, gain a massive following from the noobs, and then implode a few months later. Cobra's post sums it up well. Noobs seek color-by-number, plug'n'play systems; many of them are too lazy to research concepts and test them for themselves. To those who lack the necessary dedication and perseverance, the market ultimately delivers its own kind of poetic justice. Noobs don't understand the importance of context: that a similar looking setup may be high probability in one situation, but significantly lower probability in another. And they don't understand that knowledge and execution are more important than profits. Why? If a knowledgeable trader focuses on execution, profits will ensue as a matter of course; but if he focuses on profit, he risks gradually beginning to trade according to the dictates of his P/L (which the market takes no cognizance of, and hence can not provide an 'edge'), instead of keeping to his trading rules. Noobs are impressed by return figures, but returns without reference to risk are meaningless, as they can easily be inflated by simply taking bigger positions; and they fail to understand that it is only risk that makes return possible; and that the single most important aspect of trading (if you're trading serious money) is risk management. [/end of rant, LOL].

These days I'm more into developing automated trading systems, but I'll be following your thread here nonetheless. I look forward to learning some more tips, to add to my growing arsenal.

Keep up the great work.

David
  • #127
  • Edited 2:35am Nov 11, 2013 2:03am | Edited 2:35am
It's ALL about the numbers in this business. Are you able to make a positive and good return on your original investment, or not??? The fact that you are not willing to share your trading explorer in the same thread you are claiming '"success'" and then PRETENDING you don't understand the question of WHAT IS YOUR ROI, masking the answer behind double talk. It is HIGHLY indicative of fraud of type which is very COMMON on all popular trading forums.
Fraudsters like you roam these sites in search of naive wannabe traders, promising them "constant" positive returns with ZERO proof of their extraordinary claims that are in some cases borderline schizophrenic in nature like "I predicted the 2008 crash and 9/11" which I've read in one of your posts.

The end game for Doriotcapita would be to get a fair number of followers on here, preferably religiously devoted by then to his "free of charge" teaching or service and relocate them to his charging website, all the while giving NO PROOF of his alleged success. Fair warning, this is a game that is CONSTANT on all trading forums. THIS man is very likely a fraud. Be aware of this and be careful!

Now you can block me, and don't forget to log into your other socket puppet accounts to try and bash my post. OR, you could simply link your trading accounts to the explorer or fxbook and PROVE me wrong?! Wouldn't that be great, if you could prove the rest of us "haters" how you are actually a successful "pro" as you claim. Well, you could and it would only take 5 minutes of your time, but you wont do it because you're a fraud and a scam!
  • #128
  • Nov 11, 2013 2:10am Nov 11, 2013 2:10am
Quoting MedievalEcon
Are you able to make a positive and good return on your original investment, or not???
Does his answer will improve your own trading ?

Quoting MedievalEcon
Fraudsters like you roam these sites in search of naive wannabe traders, promising them "constant" positive returns with ZERO proof of their extraordinary claims
He didn't promised anything here. He's just sharing something.

He has nothing to prove here. A proof has to be given only and only in case of a commercial system/method.

This isn't the case here.
MT4/MT5 EAs/Indicators/Alerts coder
  • #129
  • Edited 3:20am Nov 11, 2013 2:38am | Edited 3:20am
Quoting MedievalEcon
It's ALL about the numbers in this business.....
Sure, nobody's saying that there aren't a lot of scams, and every thread here potentially fits into the category you've described.

But I disagree about the numbers. Anybody who IS selling anything will always post good numbers, and for obvious reasons. (Have you ever seen a vendor post a losing equity curve? LOL.) Good numbers are a red flag.

There's already enough free info in this thread for people to test whether they can make the ideas work profitably for themselves, or not. But only if they're willing to put in the time and effort for themselves. If you can't make the ideas work for you, simply move on.

I'll exit now and let doriotcapita continue his thread.
  • #130
  • Nov 11, 2013 2:48am Nov 11, 2013 2:48am
Quoting hanover
{quote} Sure, nobody's saying that there aren't a lot of scams, and every thread here potentially fits into the category you've described. But I disagree about the numbers. Anybody who IS selling anything will always post good numbers, and for obvious reasons. (Have you ever seen a vendor post a losing equity curve? LOL.) Good numbers are a red flag. There's already enough free info in this thread for people to test whether they can make the ideas work profitably for themselves, or not. But only if they're willing to put in the time and effort for...
Totally agree hanover.... c'mon guys.... if you had purchased a method/system/ebook/etc from him and honestly tested his system yourself and it hasn't panned out then I think you may have a reason to take issue with him... but... to demand proof of success from a guy who freely gives information out.................. and before you have even tried his methods........... what planet are you living on????

~fighter
  • #131
  • Nov 11, 2013 2:52am Nov 11, 2013 2:52am
Quoting fighterdude
... but... to demand proof of success from a guy who freely gives information out.................. and before you have even tried his methods........... what planet are you living on???? ~fighter
Amen ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #132
  • Nov 11, 2013 2:57am Nov 11, 2013 2:57am
Logged in just to chime in.....solid trading method....good principles....logical entries and exits.

Keep up the good work.
If you are good at something, never do it for free--Joker
  • #133
  • Nov 11, 2013 4:53am Nov 11, 2013 4:53am
ok guys lets come back to trading in this thread, lets contribute something instead of hating and accusing


doriot,
are there any particular levels or pairs your watching at the moment for possible entries ?
consistency wins
  • #134
  • Nov 11, 2013 5:27am Nov 11, 2013 5:27am
Quoting iTrader
ok guys lets come back to trading in this thread, lets contribute something instead of hating and accusing
OK then.

The first chart I happened to open was AUDUSD.

I don't have the THV indicators on my chart, but how about a sell, if price returns to the white box in the attached screenshot (assuming THV-based confirmation at the time of entry)?

There's a strong downtrend to help us out, and the resistance levels are a first re-test of prior higher TF support (white arrows).

Thoughts, anybody? Am I on the right track?
Attached Image (click to enlarge)
Click to Enlarge Name: Image 165.png Size: 28 KB
  • #135
  • Nov 11, 2013 5:27am Nov 11, 2013 5:27am
Hello, thanks for the info, it is very important info I want to ask some questions:
1. When is those two important hours when you trading?
2. When is the best time to move SL to BE from your experience?
3. Do you trade if everything in charts all right (supports, resistances, moving average), but the divergence arrow doesn't come?
Thanks.
  • #136
  • Nov 11, 2013 5:53am Nov 11, 2013 5:53am
DC, others?

I'm located in Asia... I've been watch EU, EG, EJ, EC since the open of Frankfurt... no signals at all today. And very slow moving on the M15.

It's strange because during the Simulator there will be quite a few signals throughout the day.

DC what session do you trade in? Others experiencing the same?

Thanks

Kim
  • #137
  • Nov 11, 2013 6:09am Nov 11, 2013 6:09am
I have my own methodology for doing what the thread starter is doing - ie essentially buying or selling pull backs in an up or down trend...the classic buy the dip/sell the rally scenario with some methodology applied....As I see it, (and I have re-attached your chart) if price re-tests that zone you have marked by white rectangle - particularly from a higher low it has more chance of breaking trough it to the upside than not...surely then the more recent former support zones I have marked with red rectangle are then potentially resistance areas in a pullback in that downtrend ?

Best Wishes

Quoting hanover
{quote} OK then. The first chart I happened to open was AUDUSD. I don't have the THV indicators on my chart, but how about a sell, if price returns to the white box in the attached screenshot (assuming THV-based confirmation at the time of entry)? There's a strong downtrend to help us out, and the resistance levels are a first re-test of prior higher TF support (white arrows). Thoughts, anybody? Am I on the right track? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: hanover.jpg Size: 124 KB
it's all gone a bit........
  • #138
  • Nov 11, 2013 6:30am Nov 11, 2013 6:30am
How about this trading opportunity?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 62 KB
  • #139
  • Nov 11, 2013 6:37am Nov 11, 2013 6:37am
Quoting petetong
I have my own methodology for doing what the thread starter is doing - ie essentially buying or selling pull backs in an up or down trend...the classic buy the dip/sell the rally scenario with some methodology applied....As I see it, (and I have re-attached your chart) if price re-tests that zone you have marked by white rectangle - particularly from a higher low it has more chance of breaking trough it to the upside than not...surely then the more recent former support zones I have marked with red rectangle are then potentially resistance areas...
I'm not familiar with how the OP assesses which S/R levels are more likely to hold than others. Hence I'm merely asking questions here.
  • #140
  • Nov 11, 2013 6:38am Nov 11, 2013 6:38am
Thanks for your wonderful system.
I have load your template, but I don't have the MA on my chart.
Could you tell me what did I do wrong?
Thanks for your time and help.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m5-fxpro-financial-services.png Size: 41 KB
0 traders viewing now