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Joking aside, his method is actually one of the good ones! He's doing a great job.Ignored
Let me mosey on over there and have a look see.....
How Forex Trading Ruined My Life or How I Became Successful? 15 replies
My Life System - No Stress 14 replies
Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies
The Best System on forex-factory forum 22 replies
Forex Trading Life 3 replies
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Joking aside, his method is actually one of the good ones! He's doing a great job.Ignored
DislikedFunny thing is....Successful professional traders use bread and butter methods. Simple setups with the trend.Ignored
DislikedThe big money is made on large moves with the trend and building on a positive position. For the love of Mary ;-) not with adding to losing positions like you find in Nanningbob's threads or ALorente..Ignored
Dislikedreally depends. The third richest man on this planet was always adding when prices were unfavorable (warren buffett). So it really depends.Ignored
Dislikedwhy are they good solid threads? Care to share the reasons behind that conclusion?Ignored
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The third richest man on this planet was always adding when prices were unfavorable (warren buffett). So it really depends.Ignored
DislikedProbably because they don't use an obscure half-baked trade and money management approach like some we could mention!
A couple of the threads I briefly read seemed to be a reasonable no-nonsense grounding for anyone looking for a strategy to adapt to their own trading style, they're certainly better than some of the nonsense posted over there!Ignored
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well, I am also against not using stop losses. But just pointing out, that there are different approaches out there, that are driven by fundamentals and price, that work amazingly well over decades as can be seen with warren buffett. (and I know that there is a difference between trading and investing, just pointing it out)Ignored
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even reasonable no-nonesense strategies are not likely to make money, if they are not based on hard numbers.Ignored
DislikedBuffett is a different story altogether but sure, for example investing in high yielding currencies long term can produce interest and eventually capital appreciation but that's not what these guys are doing, most of them are predominantly day-traders with limited funds trying to earn a living from actively trading. Big difference, huge.Ignored
DislikedHard numbers, you mean statistics? Mildly comforting perhaps but no guarantee in a business where every transaction is made in pretty much unique circumstances.Ignored
Dislikedtrue
again true, but just because it's no guarantee doesn't make it any less important.Ignored
DislikedIt would be so nice if instead of quoting, requoting and reequoting all this crap about other traders and useless statistics you actually talked about ACTUAL trading and REAL charts. All this does is waste peoples time and space on the forum, life is too short to waste reading this drivel.Ignored
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Funny, we use statistics everywhere in our lives and society, but for some odd reason you guys always seem to suggest that it doesn't apply to trading. I guess you think trading is above the law of large numbers.Ignored
DislikedOkay, sure. I call all that chart-deciphering feeding my intuition, and then my body or a part therein (gut,(physical)brain,moving limbs) traces a final pattern to trade with.
It seems you've trained your subconscious rather well, hoarding possibilities and then choosing one routinely.
A problem I have is that, somewhere along the line of studies,selection,impression,entry,and follow-through, I include negative feeling with the data to reason with, that is, I step aside from my barely-conscious mind that I decide where to draw possibilities...Ignored
DislikedI'm not sure I think they don't apply so much as I don't trust them in such a dynamic setting. How can there be any reliable statistics for something with so many variables, which change so often, and sometimes so unexpectedly?Ignored
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I think you are confusing something. If you are discretionary you can as well apply statistics to your trades. No matter how dynamic your rules are, each trade is defined by an entry and an exit. In the end you can make a statistical analysis of these trades.Ignored
DislikedTry and reward ourselves with something achievable at the end of the year to our equity, say 20-30%, and then "tweak" it all when the market environment changes....
.Ignored
Disliked20-30% Profit in a year?
Why don't you just buy some nice municipal bonds and save yourself the trouble of trading?
That is about 10 pips per day with NO LEVERAGE AT ALLIgnored
Disliked20-30% Profit in a year?
Why don't you just buy some nice municipal bonds and save yourself the trouble of trading?
That is about 10 pips per day with NO LEVERAGE AT ALLIgnored