- | Membership Revoked | Joined Aug 2006 | 11,977 Posts
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
- | Membership Revoked | Joined Nov 2012 | 172 Posts
If you aim for the stars- but miss, you still get the moon...
What was your "holy grail"? 218 replies
Your own HOLY Grail (and how you know you've found it) 19 replies
Will the "holy grail" be what you expect? 10 replies
QuoteDislikedI've read info stating that retail traders amount to "approx 2%" and "less than 10%" of the total spot forex volume transacted. Somebody please correct me, if those figures are too far off the mark.
QuoteDislikedHmm... If retail traders are collectively estimated to be responsible for less than 10% of the daily forex volume, what's the point of looking at DOM from any brokers at all? Or any indicator that tells you what majority of traders are buying or selling for that matter. All retail traders can be 100% bullish at one time, but if the big guys say otherwise, they all gonna land flat face first. I think you use it as a gauge and try to identify the smart traders who know what they are doing.
DislikedI get private messages asking questions like " Is it important to do XXX and XXX? " and I try to remember how much work I put in to learning those facts and whether they are useful facts to someone else. I then think why should I spend an hour or two explaining all this to you when I could share it with so many people. I don't even know you.
So, in the spirit of sharing, I sometimes I read the Trading System forum and although few of the systems have any interest for me, because most are nonsensical and an insult to intelligence on earth,...Ignored
DislikedHoly Grail in Forex has been found. No doubt. Both manually and automatically. Manually, I've seen someone giving signals for more than 10 trades with 100% accuracy. Automatically, I've seen someone developed a money machine through expert system (not expert advisor), which involves API programming (direct broker's data feed farming), Artificial Life so the system can learn from mistakes, neural networking, and non-linear algorithm.
The Holy Grail has been found, or at least a few of you have found a very profitable trading system. The question...Ignored
Dislikedit doesn't exist, looking for one is actually your holy-grail. risk management is as close as you will get to a holy grailIgnored
DislikedSince it seems I am the only one who can add some common sense to this thread:
the holy grail in trading is when you win 50% + 1% of your trades.
That wasn't complicated, wasnt it?Ignored
DislikedUh uh, I know this one. Its because their Risk to Reward ratio is better than 1:1 isn't it.
This is why the profit factor (ratio of total won to total lost) is a better measure than hit rate.Ignored