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Help! What is the actual holy grail in forex? I'm tired of losing

  • #81
  • Jul 23, 2017 12:42am Jul 23, 2017 12:42am
You have added here, few default and technical tools! Actually, there is nothing like Holy Grail in Forex since there is no certainty! Even, I am sure pro traders are also unable to make 100% profit here, but they are making a decent monthly return here.
  • #82
  • Jul 24, 2017 8:29am Jul 24, 2017 8:29am
I don't think there's such a thing as a Holy Grail of trading. The best way to become profitable is to study and practice, study and practice and so on and so forth until you learn how to do it well. It's just hard work.
  • #83
  • Jul 24, 2017 9:11pm Jul 24, 2017 9:11pm
I'm sure there are several traders lurking about these forums that make a very good living in trading. I can't imagine why they would share all their hard won techniques for nothing. I mean, if you had to risk everything and work your tail off for 10 years to go pro in this business, would you just give it all away?
  • #84
  • Jul 25, 2017 8:32am Jul 25, 2017 8:32am
Quoting Graviton
I'm sure there are several traders lurking about these forums that make a very good living in trading. I can't imagine why they would share all their hard won techniques for nothing. I mean, if you had to risk everything and work your tail off for 10 years to go pro in this business, would you just give it all away?
It depends on the person, I think. Some people are just genuinely generous and want to help others. They are few and far between, but they do exist.
  • #85
  • Jul 25, 2017 8:44am Jul 25, 2017 8:44am
holy grail is about psychology and MM.
Every trader has own style
  • #86
  • Edited 9:06am Jul 26, 2017 7:12am | Edited 9:06am
'It depends on the person, I think. Some people are just genuinely generous and want to help others. They are few and far between, but they do exist.'

Winning systems are worth A LOT (of money) initially before they are revealed to people. But lose their worth very quickly once they are revealed for free or for money.

Giving general advice is fine. But giving away profitable systems (real ones) for free is madness.

There have been tons of free systems for decades (youtube, forums, trading books...), but the percentage of losing traders is still high as ever. Meaning those are mostly useless systems???

Other than giving general advice, managing funds (for a fee), without revealing one's trading secrets, would be a great way to help another person (win-win).

Theory: The less people (preferably no one else except for the user) who know about a profitable system, the better/longer it will work. The moment one decides to give away one's profitable system to the mass public, it's the end of that system as far as profitability is concerned. 90%++ traders lose consistently and will continue to lose regardless of what systems they use. The big players/real professional traders know how these mass retail traders trade (entries, targets, stop loss), and will manipulate the market to stop out their positions, and eventually render whatever systems that used to be working utterly useless.
'For the market to work, it needs people who think that they can beat it.'
  • #87
  • Jul 26, 2017 7:32am Jul 26, 2017 7:32am
how do you applied these indicator to you chart?

You have to figure it out yourself. I did the same - it's a long, painful seemingly 'endless' process of trials and errors.

If you can't figure this area out, then clearly you are not cut out to be a profitable traders like many others.



'the major problem is when i place position on trend following it reverse and when i place position on countertrend i face trend continuation.'

You have problem with entries. Account survival will be nearly impossible if you can't get that right at least at a decent level.

The situations that you mention happens to many retail traders.
'For the market to work, it needs people who think that they can beat it.'
  • #88
  • Jul 26, 2017 7:32am Jul 26, 2017 7:32am
Quoting AlastorFate
'It depends on the person, I think. Some people are just genuinely generous and want to help others. They are few and far between, but they do exist.' Winning systems are worth A LOT (of money) initially before they are revealed to people. But lose their worth very quickly once they are revealed for free or for money. Giving general advice is fine. But giving away profitable systems (real ones) for free is madness. There have been tons of free systems for decades (youtube, forums, trading books...), but the percentage of losing traders is still...
thats right...agree
  • #89
  • Jul 26, 2017 11:32am Jul 26, 2017 11:32am
There is no holy grail in trading. It takes a lot of work to be consistently successful. A combination of any of those technical indicators listed will work well (using just one is foolish). But keep in mind every currency pair trades differently in different times and time frames. What worked best for the EURUSD in a bullish market might be different than in a bearish market. Or 2016 might work differently from 2017. Or the EURUSD might differ from the USDJPY.
  • #90
  • Last Post: Jul 27, 2017 11:29am Jul 27, 2017 11:29am
Quoting pickle
There is no holy grail in trading. It takes a lot of work to be consistently successful. A combination of any of those technical indicators listed will work well (using just one is foolish). But keep in mind every currency pair trades differently in different times and time frames. What worked best for the EURUSD in a bullish market might be different than in a bearish market. Or 2016 might work differently from 2017. Or the EURUSD might differ from the USDJPY.
I agree. What works for one person and one situation on the market may not work as well for a different person and a different situation. One has to find out which strategies work best for them and stick to those.
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