Disliked{quote} I do what i can. Im getting tired of it though. Maybe i just need a cup of coffee. Maybe i will quit posting here today. Maybe i have said all there is to say already. Maybe i will go on. Havent decided yet.Ignored
Bomi
- #402
- Apr 21, 2015 4:49am Apr 21, 2015 4:49am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #403
- Apr 21, 2015 4:58am Apr 21, 2015 4:58am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
{quote} I saw you are putting lot of time in your thread. It require lot of passion and right information to do the job. Thank GOD that you are not working like me. 12-hours per day 2-nights and 2-days then 4-days off, killing me. Try to learn this FX and still no where. But slowly getting some where. Bomi
My signature is: "Classified".
- #404
- Apr 21, 2015 5:12am Apr 21, 2015 5:12am
- Joined Aug 2014 | Status: Trading | 2,163 Posts
Trading is the hardest way to make easy money...
- #405
- Edited 5:38am Apr 21, 2015 5:22am | Edited 5:38am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #406
- Edited 11:20am Apr 21, 2015 11:08am | Edited 11:20am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #407
- Edited 11:49am Apr 21, 2015 11:35am | Edited 11:49am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
Pertains to doubt: Want to know how to get rich?
I wrote something about doubt. Well, there is no statistics to tell me if im doing good or bad or how the day will turn out. I AM doing the trading. I AM making the decisions.
I get 5 losses in a row because I AM stressed out and fucked up about other things. Because my head is not in the game. Because i worry about other stuff.
And then i get 6 winners in a row, not because of some systematic flaw or what ever. I have had a bit of a rest, seen the sun and kissed my woman and son. What im doing cant be described as totally systematic.
I can dig up my statement of 60 or so winning positions in a row on my live money alpari account. But it DOESNT MATTER. It doesnt show ANYTHING systematic. There is NO STATISTICS to figure out.
Sure i would like to be in a project to build an EA. But not some fixed SL and fixed TP metatrader bullshit. It would probably take a month to get ANYWHERE. A month of 10 hour work days. Im talking REALLY crunching the numbers. And it would have to be AT LEAST 5 people of the correct mind and experience. It would be super fun. But maybe it would amount to nothing at all. I have no idea. But i know where to start and sort of what needs to be in the middle. It would take a lot of planning, secure information infrastructure, legal papers to be signed, a few hundred thousand dollars and so on. But i cant say exactly what it would do. So i cant say exactly what to do with a position, where to place it, if there is going to be gradual increase and decrease in orders and so on. So there is no point in asking me specific questions of where exactly the entry and exit is going to be, becaus i DONT KNOW THAT. If i knew that i would not be saying it here. Thats the kind of info to get you whacked in no time.
If i succeed or loose depends on me, and how good i can connect to that super computer i have on top of my shoulders. It depends on how much processing power and memories my subconsious can access. To tell you the truth, i dont KNOW exactly why i closed this position pretty much EXACTLY where it turned.
So dont ask me how to make YOU a profitable trader. I dont know the answer to that question. I can try to give of the knowledge i seem to posess. But most of the time i have little verification if its getting there and making a difference or not.
The name of the thread is my attempt to give of the knowledge i think that i have. If i knew a better way, i would use it. I dont profess that i have the ONLY answer to how to get rich, but i try to tell you people how to do it the best i can. Im not getting a single penny or anything else out of this attempt. Some days i wonder why i keep at it. Like today.
I wrote something about doubt. Well, there is no statistics to tell me if im doing good or bad or how the day will turn out. I AM doing the trading. I AM making the decisions.
I get 5 losses in a row because I AM stressed out and fucked up about other things. Because my head is not in the game. Because i worry about other stuff.
And then i get 6 winners in a row, not because of some systematic flaw or what ever. I have had a bit of a rest, seen the sun and kissed my woman and son. What im doing cant be described as totally systematic.
I can dig up my statement of 60 or so winning positions in a row on my live money alpari account. But it DOESNT MATTER. It doesnt show ANYTHING systematic. There is NO STATISTICS to figure out.
Sure i would like to be in a project to build an EA. But not some fixed SL and fixed TP metatrader bullshit. It would probably take a month to get ANYWHERE. A month of 10 hour work days. Im talking REALLY crunching the numbers. And it would have to be AT LEAST 5 people of the correct mind and experience. It would be super fun. But maybe it would amount to nothing at all. I have no idea. But i know where to start and sort of what needs to be in the middle. It would take a lot of planning, secure information infrastructure, legal papers to be signed, a few hundred thousand dollars and so on. But i cant say exactly what it would do. So i cant say exactly what to do with a position, where to place it, if there is going to be gradual increase and decrease in orders and so on. So there is no point in asking me specific questions of where exactly the entry and exit is going to be, becaus i DONT KNOW THAT. If i knew that i would not be saying it here. Thats the kind of info to get you whacked in no time.
If i succeed or loose depends on me, and how good i can connect to that super computer i have on top of my shoulders. It depends on how much processing power and memories my subconsious can access. To tell you the truth, i dont KNOW exactly why i closed this position pretty much EXACTLY where it turned.
So dont ask me how to make YOU a profitable trader. I dont know the answer to that question. I can try to give of the knowledge i seem to posess. But most of the time i have little verification if its getting there and making a difference or not.
The name of the thread is my attempt to give of the knowledge i think that i have. If i knew a better way, i would use it. I dont profess that i have the ONLY answer to how to get rich, but i try to tell you people how to do it the best i can. Im not getting a single penny or anything else out of this attempt. Some days i wonder why i keep at it. Like today.
My signature is: "Classified".
- #408
- Apr 21, 2015 11:58am Apr 21, 2015 11:58am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
Up or down?
Lets just start from scratch and ask this very simple question: Is it going up or down right now?
Lets just start from scratch and ask this very simple question: Is it going up or down right now?
My signature is: "Classified".
- #409
- Apr 21, 2015 12:06pm Apr 21, 2015 12:06pm
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #410
- Apr 21, 2015 12:11pm Apr 21, 2015 12:11pm
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #412
- Apr 22, 2015 3:40am Apr 22, 2015 3:40am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
yaed - The way you explain how you trade is different from usual and is very valuable to me. I had some great insight because of you. Thanks for sharing!
1) Most systems, meaning avaliable EAs, home made forex systems and proffesional ones if applied as explained are big loosers.
2) Most traders loose. Meaning what these people say about trading probably doesnt make sense.
3) Most traders on FF seem to consider only one position to be traded at a time. Why? Is there any evidence to suggest thats the best idea?
4) Most "trend" systems seem to suggest price will proceed infinetely in the direction its heading. Why?
Something very recent that seems to pertain to fact number 3:
Most if not all of these positions is totally incomprehensible to a mind that thinks about trend and one position trading.
I consider price a field of a myriad of probabilities. And i try to keep in mind that its people looking at it and placing their orders.
My signature is: "Classified".
- #413
- Apr 22, 2015 3:56am Apr 22, 2015 3:56am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
For instance, that long position i have there. It doesnt seem to make much sense, not even to me. Not looking at the chart this way. BUT ITS AN UNLEVERAGED TRADE. If we go 100 pip down, thats still only roughly -1% of the account.
The last days trading this account, only now and then and leaving positions open when i go away to kindergarden to get my son or stuff like that, im still making 1% a day or some such the last days.
My signature is: "Classified".
- #414
- Apr 22, 2015 4:00am Apr 22, 2015 4:00am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
I put a SL for that position just to show you where i think it would be a nice place to close it.
Why? Below that place is through a bunch of old lows. If we get there i could easily incur a further -50 pip on that position. But as long as we dont get there, its relatively safe to have it there.
BUT, if it DID get there, i would probably sell. I dont know exactly how it would work out, but i wouldnt be totally fucked. Maybe i get 10 pips on the sell, maybe i get 40. While i would loose some 50 or so on the failed buy. But thats just life. No matter.
Probably i should have closed that buy in a little loss, but i didnt. Still its no disaster since its an unleveraged trade, the loss is not heavy anyhow.
Why? Below that place is through a bunch of old lows. If we get there i could easily incur a further -50 pip on that position. But as long as we dont get there, its relatively safe to have it there.
BUT, if it DID get there, i would probably sell. I dont know exactly how it would work out, but i wouldnt be totally fucked. Maybe i get 10 pips on the sell, maybe i get 40. While i would loose some 50 or so on the failed buy. But thats just life. No matter.
Probably i should have closed that buy in a little loss, but i didnt. Still its no disaster since its an unleveraged trade, the loss is not heavy anyhow.
My signature is: "Classified".
- #416
- Apr 22, 2015 4:18am Apr 22, 2015 4:18am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #417
- Apr 22, 2015 4:25am Apr 22, 2015 4:25am
{quote} Well its just candle sticks i guess. Timeframe might be more a matter of taste then technicals.
- #418
- Apr 22, 2015 5:14am Apr 22, 2015 5:14am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
{quote} nope, he has very different trading mindset from yours. nonetheless, he couldn't be bothered to post anything any more. i guess profitable traders have more things to enjoy than log into FF, not even fun most of the time. not wishing you to disappear, LOL. so i guess you got to take it easy when dealing with noob demanding questions or even personal attacks. you got to meet different classes of people on the internet.
If i summarize what seems to be his strategy it would be: If it looks like its dropping, sell, but only a little and do it when its dropping again and again. Vice versa if its rising. After a while when you have a big profit you close.
That doesnt seem very intelligent at all. But i dont see the use in arguing with him. Or anyone else.
My signature is: "Classified".
- #419
- Apr 22, 2015 5:30am Apr 22, 2015 5:30am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".
- #420
- Apr 22, 2015 5:43am Apr 22, 2015 5:43am
- Joined Jul 2010 | Status: Determined | 5,346 Posts
My signature is: "Classified".