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  • #601
  • Apr 13, 2012 6:16pm Apr 13, 2012 6:16pm
Quoting pipmutt
They're not looking to live off it, they're simply looking for a reasonable return on their investment.

I can see what the issue is here, people are underfunded yet still trying to make a living from playing in the market.
Most of us haven't got the choice, Americans seem to have a surplus of cash still but the rest of the world is getting poorer and poorer.

Most of us, like myself are trying really hard to turn nothing pretty much into something to live off / atleast improve our life styles nicely.

So there are investors with big money, which are happy with 10% per year and thats $10,000 say, and there are others which needs 100% growth per month like me, atleast for a few months.

Very few investors make the 10% or anything positive for that matter, quite a few DIY investors blow there account, even less poor people become rich with 100% monthly gains, but they do exist.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #602
  • Apr 13, 2012 10:25pm Apr 13, 2012 10:25pm
Quoting pemully
I remember the feelings of hope and excitement whenever I found a system that 'worked' perfectly in the past.
then after testing I would be so frustrated with the results and almost feel like I would never crack this game.
but subconsciously I was putting pieces of the puzzle together which crystallized into my own 'custom fitted' system....the problem was that it was so simple I doubted its validity...but after hundreds of simulations and demo it has held its ground.... I am about to start trading it live....
Really...Good luck...I don't think there is any perfect system can keep gaining...
  • #603
  • Apr 14, 2012 1:28am Apr 14, 2012 1:28am
Quoting Turveyd

Most of us haven't got the choice, Americans seem to have a surplus of cash still but the rest of the world is getting poorer and poorer.
I'm not sure that's true, the great divide between rich and poor exists globally and the gap is getting wider. The recent crisis (clue: primarily the result of overleverage) has left the whole world feeling worse off, even the fat cats!


Quoting Turveyd

Most of us, like myself are trying really hard to turn nothing pretty much into something to live off / atleast improve our life styles nicely.
Right, the get rich quick syndrome, very few make it. The lure of instant fast cash with very little investment is what attracts people to for example this game, like moths to a flame! The majority of people are realistic, the most they do is have a flutter on the lottery, they don't expect something out of nothing.


Quoting Turveyd

So there are investors with big money, which are happy with 10% per year and thats $10,000 say, and there are others which needs 100% growth per month like me, atleast for a few months.
I think it's a matter of being realistic, needs don't really come into it.


Quoting Turveyd

even less poor people become rich with 100% monthly gains, but they do exist.
Perhaps, in the very short term, but those kinds of returns are unrealistic and unsustainable. A more likely scenario is a small percentage of the worse off spend money they can't afford to lose on dreams and schemes to make them money, and they lose it all. Ain't life a bitch!
  • #604
  • Apr 14, 2012 3:36am Apr 14, 2012 3:36am
Quoting Turveyd
Most of us haven't got the choice, Americans seem to have a surplus of cash still but the rest of the world is getting poorer and poorer.
That statement made me actually look into your profile to see if you are a brainwashed American. To my surprise you really are from UK.
I thought most americans are heavily indebted on a personal level, and the government as well. Not sure why you think they have a surplus. Without the bondholders (creditors) america would be bankrupt. And the rest of the world getting poorer and poorer? Yeah, let's just disregard the economic growth and rising wages in china and india which are in total 2.5 billion people versus 300 million in the US.
Your statement is really utter nonesense.
Quoting Turveyd
Most of us, like myself are trying really hard to turn nothing pretty much into something to live off / atleast improve our life styles nicely.

So there are investors with big money, which are happy with 10% per year and thats $10,000 say, and there are others which needs 100% growth per month like me, atleast for a few months.

Very few investors make the 10% or anything positive for that matter, quite a few DIY investors blow there account, even less poor people become rich with 100% monthly gains, but they do exist.
a really obscure statement from a person with more than 5 years trading experience. Would really like to see the people achieving 100% a month consistently. You think 100% a month is possible and is also something you aim for, but you still trade insignificant amounts (as you stated in the post before). Seems like you just want it to be possible, then reality smacks you in the face and you got another blown up account. At least that is my perception.
  • #605
  • Edited 3:56am Apr 14, 2012 3:45am | Edited 3:56am
Quoting Brutalpip
Custos, if you have a moderate SL of 25pips and you pay 3pips, its about 10% costs of your losers. this didnt scare me off last month, when i had a row of 12 SL runs. because before that, i had a nice collection of fully hit 1:4 R R trades. im unhappy about the fact that i touched the green trades at all, because what is the oldest trend following rule?
if you can do it, then great for you.

Quoting Brutalpip
what i forgot to say: my last month consisted of coin tossing and ignoring charts, and my account has steadily grown. let the maths work for you if life offers it to you...
good that some people can grow accounts by just tossing a coin . Maybe next time you can increase your account with throwing darts.

haha, sometimes I find the naivety of some posts here quite entertaining.
  • #606
  • Apr 14, 2012 3:52am Apr 14, 2012 3:52am
Quoting Turveyd
Coin toss works almost aswell can still be profitable if you let the profits run and kill the losers easy.
and you really are a programmer? never backtested that idea?

I did, and I can tell you that over the long-term that is definitely a losing strategy.
  • #607
  • Apr 14, 2012 6:20am Apr 14, 2012 6:20am
Quoting Custos
and you really are a programmer? never backtested that idea?

I did, and I can tell you that over the long-term that is definitely a losing strategy.
Thats more your inability to kill losers early and let profits run. Not something you can program and teach an ea sadly the hardest part of the game

The easiest part of the game is MM yes its common to all but its the main topic cause its east.

Ive proven big gains can be made but you need the right method for the market conditions. My previous method failed when the conditions changes 2 months ish back. Ive developed another method which is working well the issue is how long before conditions change again.


But i should have a library of methods to suite all conditions hopefully at some stage.

Getting rich is never easy i have cash on the sideline awaiting the time im happy to risk it.


Lack of time to trade is my issue.


If i try i have a chance no matter how small. If i dont i have no chance. Im in profit over all just my entire trading career so its a very cheap hobby
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #608
  • Apr 14, 2012 6:31am Apr 14, 2012 6:31am
Quoting Turveyd
Thats more your inability to kill losers early and let profits run. Not something you can program and teach an ea sadly the hardest part of the game

The easiest part of the game is MM yes its common to all but its the main topic cause its east.

Ive proven big gains can be made but you need the right method for the market conditions. My previous method failed when the conditions changes 2 months ish back. Ive developed another method which is working well the issue is how long before conditions change again.


But i should have a library...
IMO if your method cannot cope with ALL market conditions then it is flawed, end of.

If price isn't trending on your chosen time-frame it is consolidating, that consolidation will have valid trade-able trends on the lower time-frames OR it will just be part of the trend on the higher time-frames. Think about that carefully.

It is the way you view price action that will help you trade with confidence.
  • #609
  • Apr 14, 2012 6:57am Apr 14, 2012 6:57am
Quoting Turveyd
My previous method failed when the conditions changes 2 months ish back. Ive developed another method which is working well the issue is how long before conditions change again.
That's exactly the problem, isn't it? You don't know in advance when the market conditions change. You don't know when it goes from ranging to trending for example. You don't know when you're watching a small pullback or the beginning of a strong trend in the opposite direction. All these things are obvious only in hindsight. Simply stating that one should "cut the losers early and let the winners run" is not helping. It works great in a trending market but in a ranging one you're chopped to small pieces if you do that.

The best post on FF regarding these issues and a lot more can be found here.
  • #610
  • Apr 14, 2012 7:19am Apr 14, 2012 7:19am
Quoting jag1966
IMO if your method cannot cope with ALL market conditions then it is flawed, end of.

If price isn't trending on your chosen time-frame it is consolidating, that consolidation will have valid trade-able trends on the lower time-frames OR it will just be part of the trend on the higher time-frames. Think about that carefully.

It is the way you view price action that will help you trade with confidence.

I don't believe 1 method can trade all, I've been searching for it for years, I use the method that is currently working and there is a lag where it takes a few trades to realise it isn't working and losses happen.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #611
  • Apr 14, 2012 7:25am Apr 14, 2012 7:25am
Quoting LazyPawn
That's exactly the problem, isn't it? You don't know in advance when the market conditions change. You don't know when it goes from ranging to trending for example. You don't know when you're watching a small pullback or the beginning of a strong trend in the opposite direction. All these things are obvious only in hindsight. Simply stating that one should "cut the losers early and let the winners run" is not helping. It works great in a trending market but in a ranging one you're chopped to small pieces if you do that.

The best post on FF regarding...

correct, it's impossible to predict and there is no such thing as luck, most people upon realising this quit but I see it as a numbers game and it's still beatable.


My loser on the week was a EU trade, I traded the range and it trended down, no way to know ahead of time it would do that at all, thats is what my SL is for.

The secret to trading profitably is timing, try to trade at a time where odds are it'll go 1 way or the other and big, a good setup / news event if it goes against you, take the small hit via your SL, if it goes for you, try your best to let it run at the risk of it going to a BE trade, you want to be hitting 2x's your SL risk really, if not more.

SL Slippage makes the news trading risky though, be warned, it's never easy.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #612
  • Apr 14, 2012 7:55am Apr 14, 2012 7:55am
theres no innovation involved.

Compare the last 50 days of movement on a fast chart such as the 15min and youll find things that have more than 50% probability and more than 1:1 R R.

i dont understand how so many traders throw away what is offered to them. i did so myself until i bowed down to reality and told myself, now you will listen to statistics. statistics within charts.


the other point was right into the opposite - it was about ignoring charts. someone called me naive for tossing a coin?

ok again, let us enjoy the maths. if i produce 50% winners, they must be more than 1:1 RR. the coin gives me a hitrate of 25% at times, this means that all i needed to do was putting the TP at 1:5 fixed, and not intervene for any kind of analysis. the result was 4 winners and 14 losers, and i made some nice money.

for people who are not disciplined yet in letting trades breathe, and people who are in love with strange ways of analysis, coin tossing is the ultra secret method to get the good old trendfollower entries. guided by the mighty power of randomness.

naive right?

success and insight everyone
  • #613
  • Apr 14, 2012 8:17am Apr 14, 2012 8:17am
Quoting Turveyd
I don't believe 1 method can trade all, I've been searching for it for years, I use the method that is currently working and there is a lag where it takes a few trades to realise it isn't working and losses happen.

You should, it is your loss if you don't.

Just because YOU haven't found it doesn't mean it doesn't exist.
  • #614
  • Apr 14, 2012 11:15am Apr 14, 2012 11:15am
For some reasons this thread now reminds me of a drunken bar conversation.

so let's do this :

Yeah, but entries matter yet they don't and cut your losses, money management yeah you know, and the central banks and hedge fund always screwing the small guy and yeah one more beer barman I had a good day on the cable. And mechanical without the human eye can't work yes it can you have a bad system...

Have a nice week end!

And happy Thai new year from Bangkok!

Inserted Video
  • #615
  • Apr 14, 2012 11:47am Apr 14, 2012 11:47am
Quoting RRRulio
For some reasons this thread now reminds me of a drunken bar conversation.

so let's do this :

Yeah, but entries matter yet they don't and cut your losses, money management yeah you know, and the central banks and hedge fund always screwing the small guy and yeah one more beer barman I had a good day on the cable. And mechanical without the human eye can't work yes it can you have a bad system...

Have a nice week end!

And happy Thai new year from Bangkok!

http://www.youtube.com/watch?v=TIGX_Qvie58
where in Bkk are you? should be in Bang Kapi now myself? you living there?
tradewith60
  • #616
  • Apr 14, 2012 12:21pm Apr 14, 2012 12:21pm
Quoting RRRulio

For some reasons this thread now reminds me of a drunken bar conversation.....

Yeah, but entries matter yet they don't and cut your losses, money management yeah you know, and the central banks and hedge fund always screwing the small guy and yeah one more beer barman I had a good day on the cable. And mechanical without the human eye can't work yes it can you have a bad system...
lol, don't forget 'price action', you can't have a conversation about anything nowadays without it cropping up somewhere! Whatever the problem, price action is the solution apparently!
  • #617
  • Apr 14, 2012 12:29pm Apr 14, 2012 12:29pm
Quote
where in Bkk are you? should be in Bang Kapi now myself? you living there?

Right now I m in Pattaya but I live in Bangkae.

Quote
lol, don't forget 'price action', you can't have a conversation about anything nowadays without it cropping up somewhere! Whatever the problem, price action is the solution apparently!

Make me happy : define "price action"
  • #618
  • Apr 14, 2012 12:39pm Apr 14, 2012 12:39pm
Quoting pipmutt
lol, don't forget 'price action', you can't have a conversation about anything nowadays without it cropping up somewhere! Whatever the problem, price action is the solution apparently!
Laugh all you like, PA kicks the arse out of everything else I tested
  • #619
  • Apr 14, 2012 12:40pm Apr 14, 2012 12:40pm
Quoting pipmutt
lol, don't forget 'price action', you can't have a conversation about anything nowadays without it cropping up somewhere! Whatever the problem, price action is the solution apparently!
haha, so true
  • #620
  • Apr 14, 2012 12:50pm Apr 14, 2012 12:50pm
Quoting RRRulio

Make me happy : define "price action"
Price action*, it's a bit like beauty, it's in the eye of the beholder.

An FF buzzword used to describe anything which can't/won't be described, especially suitable when giving advice to noobs about trading!


*Always read the label. Use only as directed. If symptoms persist consult your healthcare professional. Incorrect use could be harmful.
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