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My way to highway

  • #441
  • Dec 14, 2017 8:09am Dec 14, 2017 8:09am
Hi PF,

Hope you are having a great day; without being too personal, which part of Thailand do you now live ? I have a couple of friends now who live out on one of the islands (winter in Thailand, summer in UK) and they love it out there. How long have you been there ?

But the real question in this post is just related to the Trade Explorer on Forex Factory .... do you think it is a good idea to use it. Personally I like it, I only have one of my accounts connected to it but it gives me an extra layer of accountability and analysis/review time each time I log on. I think the self analysis is a very important aspect of Forex trading and usually on 15 and 30 of each month I update my excel foollow up spreadsheets and analyse where I am and if any changes are required.

Today a good day. All is positive.

All the best
  • #442
  • Dec 14, 2017 12:49pm Dec 14, 2017 12:49pm
Quoting NoStopsXXL
Hi PF, Hope you are having a great day; without being too personal, which part of Thailand do you now live ? I have a couple of friends now who live out on one of the islands (winter in Thailand, summer in UK) and they love it out there. How long have you been there ? But the real question in this post is just related to the Trade Explorer on Forex Factory .... do you think it is a good idea to use it. Personally I like it, I only have one of my accounts connected to it but it gives me an extra layer of accountability and analysis/review time each...
hi NoStopXXL,

live in the North -Eastern part now, in Chaiyaphum province. in a farm. in Thailand for almost 16 yrs now...

TE: in my opinion it is good tool to both track performance, and also to help to establish some credibility, that someone not only talking, but trading actual live account too.
i think if not the laziness, then some curious members can do chart out all the trades from the list, and try to get some feel about what was going on, see the preferred pairs, holding times...often the details can tell a story.
there is always, always another trade!!
  • #443
  • Dec 15, 2017 9:13am Dec 15, 2017 9:13am
just a quick Friday wrap up of the week.

the master acct. had a very decent week, up +2.4%
this leaves the drawdown left -1.19%, that with little luck and some good trading may disappear next week.
will see.

happy weekend!
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there is always, always another trade!!
  • #444
  • Dec 18, 2017 11:21am Dec 18, 2017 11:21am
Quoting profitfarmer
I am more than happy to help out here and there for some idea for those whom ask me.
So, please dont afraid to do so, just dont expect holy grail solution, magic EA, or 100% guaranteed system...
I dont have those, my answer not intended to be cocky, just a honest take on reality...
When I saw my FF buddy ProfitFarmer wrote he was going to share during Christmas some trading advices for somebody's benefit.

[Totally free:
No NDA or any other crap like that,
just two colleagues exchanging ideas
]

I didn't doubt at taking this opportunity to grasp some concepts from him.
Specially knowing he's a genuine trader showing a Real Trade Explorer,
not like many other hindsight theoreticians, you constantly see in this website.

--------------

These are some of the topics we discussed about:

+ Why it's important to have Realistic Expectations.
+ Why it's important to have a very low DD, and not only focusing on getting unbelivable returns.
+ Why using a high R:R is not indispensable.
+ Why the RSI is a misused and understimated tool here.
+ Why trading with money you can 'afford to lose' is just gambling
+ And more...

Obviously now I must put some of his advices into practice.

----------------------------

He asked for my feedback, so in conclusion:

I think it was really worth my time because I admit there were certain things I was completely overlooking.

Then I'll take what I've learned from him to reinforce my own trading approach.

--------------------------

In short, thank you very much


Have a good day y'all!

RF
  • #445
  • Dec 18, 2017 11:35am Dec 18, 2017 11:35am
hi ReverseFlash,

thank you for a short summary, very kind.
i am very happy you found couple of the topics useful, i believe hearing a different take sometimes that may be the push toward the right direction, thus born this opportunity.

just to clarify: the feedback is to me, for my own benefit, to decide if later have similar offer again. FREE of course, if and when.
i am not in any way planning to do this for money, the motivation is to help. ( i make enough money from my trading that covers what i need to cover).

happy trading!
there is always, always another trade!!
  • #446
  • Dec 20, 2017 10:14am Dec 20, 2017 10:14am
Well done once more profitfarmer.

That was good use of leverage on Eur/Nzd (and a bit in Eur/Usd), scaling in, and a nice exit.
Just impressive.

Icing on the cake, with a new balance high: Merry Christmas :0)

All the best,
Cheers,
J-F
  • #447
  • Dec 20, 2017 10:51am Dec 20, 2017 10:51am
Quoting profitfarmer
hi ReverseFlash, thank you for a short summary, very kind. i am very happy you found couple of the topics useful, i believe hearing a different take sometimes that may be the push toward the right direction, thus born this opportunity. just to clarify: the feedback is to me, for my own benefit, to decide if later have similar offer again. FREE of course, if and when. i am not in any way planning to do this for money, the motivation is to help. ( i make enough money from my trading that covers what i need to cover). happy trading!
write an ebook, charge $10, give all profits to charity..that's better than helping the greedy bastards..
  • #448
  • Dec 20, 2017 10:55am Dec 20, 2017 10:55am
Quoting J-f
Well done once more profitfarmer. That was good use of leverage on Eur/Nzd (and a bit in Eur/Usd), scaling in, and a nice exit. Just impressive. Icing on the cake, with a new balance high: Merry Christmas :0) All the best, Cheers, J-F
hi J-f,

didnt know you were watching!

i could have a little better exit, had to wait for the full one, and sort of throw EU in the end too...
went a little high on the drawdown some point, but had to protect my entries too...of course, looking at EN now...well, better not to look....

overall, i got what i wanted for, even more than i had bargained for actually.
i was not sure i will be able to recover from the big drawdown (-7.51%) this month, but in the moment it looks like i had.
now it is 2 more trading days left, and i am for sure looking to keep things straight, maybe expand a little, if i can. after all the holidays cost, a lot!
am i glad xmas is only once a year?!

well, if writing, also a little update on the ongoing things.

mentoring:
the past days i was mentoring winner#2, was filling out the time after trading, and still have some lessons left.
i feel it is a good thing, seem to work well.
since after the winners selected ( really only 2 bothered to answer in the 3 days after i posted this offer!) there was some more interest, i may be consider to extend this offer in some ways...yet to decide how. of course, doing it all free, 100% free, without asking to join my broker, without other hidden agendas, etc.
the thing is, it is still 8-10 hours commitment from my time, and i dont have that many times the free hours as many wrote me.
so, contemplating some skype conference call type of thing, as i am not likely to start making youtube videos. alternative, just pick one a month from those interested.
anyway, for some probably i would not be able to offer anything, for some it may be what they need to help to get on the right track.

track record:
especially, that once in a while threads like this: https://www.forexfactory.com/showthread.php?t=723914 popping up, and questioning rightfully who has what it really takes, and who just talk.
i always thought it i s important to be able to show that someone can also do what they say they are doing, and i have a TE to back things up some too.
but that same thread also shine a light on how ignorant ppl are, wanting to trade for a year with 20-100$ standard ( even if cent, some) accounts. i have written a few times about realistic expectations, and sure will come up a few more occasions.
my suggestion is that everyone try to work on their numbers! it is fine to make small gains on small account, it is not fine to take huge risk on small account, and gain high %, that is still a tiny dollar amount, risking a 100% loss of equity almost any and every trade.
the broker demo competitions have only one aim: lure hopeful noobs in with the promise of 100s of %age gains...never pointing out that from 1000 contestants 900 lose money. that is fun for a while, but not a way to trade for a living.
also, used my own example, to show that building a track record, even if mostly involving 1 digit monthly gains, can open and keep opening doors...some may doubt, but it is indeed the truth.
here is a line from a mail i got this week ( despite was still in drawdown!) :

"We have some really interesting things brewing on the backend and you will see your allocations increase if not this week then before the end of the month but more importantly, you will become a CFD on the Axi MT4 platform. Similar to Darwinex but you will have a much bigger marketing push from us."

yes, it is real. and yes, it can happen to any of you, just like me.
what do you need?
a track record that is 6-9 months long. that has preferable no more than 10, max 15% DD.
simple? doable?

happy trading!
there is always, always another trade!!
  • #449
  • Dec 20, 2017 10:57am Dec 20, 2017 10:57am
Quoting hilmy83
{quote} write an ebook, charge $10, give all profits to charity..that's better than helping the greedy bastards..
hi Hilmy,
maybe those greedy bastards will donate from their profits, if ever make something.
i am not looking to sell, ebook, or else.
but maybe you want to sign up for next time?
there is always, always another trade!!
  • #450
  • Dec 20, 2017 11:48am Dec 20, 2017 11:48am
i want to see the after effects of profitable trading from this..

watching equity growth is nice and all..but would be nicer to see what you do with all your profits..fancy cars? homes? ladies (men? ahemm..)..
  • #451
  • Dec 20, 2017 3:37pm Dec 20, 2017 3:37pm
Quoting hilmy83
i want to see the after effects of profitable trading from this.. watching equity growth is nice and all..but would be nicer to see what you do with all your profits..fancy cars? homes? ladies (men? ahemm..)..
good question!
retirement?
have a WIFE ( woman type), and son,...since some property is in her names, and she wont support the idea of other ladies, that is out however appealing it may be.
men? really?! but guess we live in that era. no thx, just the same.
i know you like cars, and i dont have any fancy ride like you, but i can get by with this for the time being...but hey, look, have our own coconut, that is something too!
right now i am working to get my personal forex trading capital to 6 digits, probably the main shorter term goal.
then probably a place on the island we like to go for vacation?
i am really not that big on spending. maybe it has a limit just as max DD%
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there is always, always another trade!!
  • #452
  • Dec 20, 2017 4:08pm Dec 20, 2017 4:08pm
Quoting profitfarmer
{quote} good question! retirement? have a WIFE ( woman type), and son,...since some property is in her names, and she wont support the idea of other ladies, that is out however appealing it may be. men? really?! but guess we live in that era. no thx, just the same. i know you like cars, and i dont have any fancy ride like you, but i can get by with this for the time being...but hey, look, have our own coconut, that is something too! right now i am working to get my personal forex trading capital to 6 digits, probably the main shorter term...
nice

just curious..what's the cost of livnig in that area in USD? like rent+food
  • #453
  • Edited 5:35pm Dec 20, 2017 4:42pm | Edited 5:35pm
Quoting hilmy83
{quote} nice just curious..what's the cost of livnig in that area in USD? like rent+food
rent?
rent of what?
i own what i have, and pay cash.

we dont have Michelin places around here. but i can cook. and i mean it, restaurant quality.
so, food is relative cheap.
living costs are high to compare, in the US some consider barely living a low existance from 5000$, another earns 8$ an hour and take home 1200$...
next month, somehow both is alive.
same goes here.
can i live on 1200$ with the family. maybe.
will it be more than survival? NOT!
will i have a fairly middle class life from 5000$? YES!
will it pay for 400$/pp dinner by a Michelin chef? most certainly not.

the truth is, some things cheaper, other more expensive. i can buy cheap banana, and pay a lot more for an apple than in my native country. i can buy cheap rice, and pay a lot more for potato. i can buy cheaper gasoline for the car, but pay more for a car...
a thing to consider: i cant eat rice breakfast-lunch-dinner. my wife can!

here is something for you:
https://www.statista.com/statistics/...-working-time/

you can compare my native Budapest vs Bangkok vs NY or Chicago
i think it is an interesting statistics.
there is always, always another trade!!
  • #454
  • Dec 22, 2017 12:52pm Dec 22, 2017 12:52pm
another week ends...

and since likely the trading year is ending for me here as well, i will use this post to be a little bit more technical and probably a bit longer to wrap up the year as well.
those with limited attention spam, may skip to the end now!!

first the week:
it surely was a tricky trading week, for more than one reason. it certainly felt like the volume is drying up, some pairs had the range dramatically narrowed, and the occasional spiky moves could get fierce for a short time.
the other was personal, since last week i had ended just about 1% bellow the previous equity high, so, breakeven and a positive month was within sight, that is both uplifting and a reason for caution to make sure i dont get too enthusiastic and do something crazy trying too hard to go for it.
i can report that i have managed to keep my head level.
this week has ended +2.28% on master, a surprisingly good week, really.
that brought December back to new high, and it is now standing (and ending?) at +1.17%.
itself it doesnt sound that great, but given that 1st Dec caused a -7.51% DD right off the bat at the beginning of the month, it is something great!!

include the curve, also the years's stat month-by-month.
and for fun the risk of ruin. it is included to see how meaningless it is. cos i surely have a lot higher probability to 10% loss, or any, though i think of course due to my willingness to cut losses some point the full ruin is unlikely. but 10-20% risk of ruin numbers are way off.
so, statistics, with a pinch of skepticism.

with gains of +137% in 10 months, i am very happy.
the consistency of how the return is distributed ( all months +ve) also lead for some nice opportunities,
both trading some prop money, and some investor's. all looking fine, and for 2018 one of my resolution to bring those AUM to over 1 million. Actually i want that to be done before May. Still some work to be done, but it seems doable in the moment.
( then can start to work on the beach condo/house Hilmy was asking about, lol)

also, for fun, here is a stat of the 2x risk account, that runs parallel to my master with my money as well.
just to show that how once low drawdown is achieved, the same can be utilized to scale risk up some, knowing the limits.
the same way most could scale their risk down, but somehow fail. a post that gave me a good chuckle today: https://www.forexfactory.com/showthr...0#post10603570
priceless. 30% is the month not so good...
well. i am a failure then.

Thank you very much to all who was following me so far, or whom not following but passing by and reading the posts here!
Even though the journal never got real popular ( and i am not too surprised about it), it got to 65000 views ( and i am surprised about that!)

I feel that the mentoring offer was a success too, and may continue with it into next year. it is nice to get to know some of the traders from here a bit more, and since with both guys i felt i could give them some value, it was a good feeling for me as well, that maybe i am able to help a little. for real.
of course, time will tell.

on that note, trading is over (most part) for this year. i have some testing to do, but likely no more real trading. though never say never!

I would like to wish everyone a Merry Xmas and Happy Holidays!
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there is always, always another trade!!
  • #455
  • Dec 22, 2017 5:19pm Dec 22, 2017 5:19pm
Quoting profitfarmer
being December, i was thinking that for someone i would love to offer a present, that maybe for few occasion mentor a little. just for the fun of it, and hopefully for his/her benefit. but being right now in a drawdown still, ( from the 1st Dec. loss) it doesnt feel appropriate. or maybe does. i dont know if anyone would be interested, i have 81 subs and buddies, maybe some feel could benefit, anyway. but it was and maybe still is an idea of mine, as during the holidays i will scale back and likely stop active trading.
Not an official sub, not on buddy list, not a free gift hunter! an active reader of this thread! ... maybe this offer match my needs so I was able to read more than it was from the present description and act on it. Happy to be accepted!

I had the same mentoring sessions as ReverseFlash had, on subjects he already wrote in his post: https://www.forexfactory.com/showthr...2#post10601802
..., where I would like too add some more: the importance of building the right track record and what is beyond trading personal money.
This was my main area of interest and somehow Profitfarmer felt it from the very beginning, presented it to me very detailed, let me explore it intensively.

Skype audio, very generous with his time, 4 sessions making around 10h at a time not in his favor.
Well structured lessons, allowing deviation from the main subject with turns back to it, inline with the daily thematic.
Very open, offered a comfortable mentoring touching many many aspects of this domain and not only those, plenty of examples, questions answered.
Staying near a Michelin Chef, looking/trying to copy him, it won't make you a Michelin Chef too!
I knew this from the beginning and this is why I never looked for a secret edge, a secret trading formula, where many things are already said in his thread. Even so, on the last session we went thru his trading method, a detailed analysis over a trade entry was there too.
Using the same things as others do but from different perspective, it was there too. Plenty of hints that I believe I could noticed.

An intense mindset building, not a promise that my next trade will be profitable, a realistic view to what right things could bring.

Is hard to find missing things, I was very satisfied with how it went thru.
It was intended to be mentoring and mentoring it was.
It was not intended to be a trading training and it wasn't.

Now it's up to me to go thru what we discussed, step by step, make it work for me.

But what was missing?
A copy of the mt4? ... not really the case in here.
Pair trading in the sense of the Pair Programming Methodology? ... not really the case in here.
I got everything I could think of I need it!

I confirm it: it was all free! although I feel that everybody is already convinced and no need to mention.

I am very happy to put this present under my Christmas tree!
Marry Christmas & Happy Holidays!
  • #456
  • Dec 22, 2017 10:27pm Dec 22, 2017 10:27pm
To make it more meaningful, both ReverseFlash and aa4fx can open journals to show how their individual trading has gone on from here.

And as usual, the final ingredient comes at a price.
  • #457
  • Dec 22, 2017 11:31pm Dec 22, 2017 11:31pm
A very merry xmas to you too PF. Looking forward to your journey continuing in 2018!

Cheers buddy
  • #458
  • Dec 22, 2017 11:48pm Dec 22, 2017 11:48pm
Quoting skyway
To make it more meaningful, both ReverseFlash and aa4fx can open journals to show how their individual trading has gone on from here. And as usual, the final ingredient comes at a price.
LOL, thanks for passing by.
maybe, just maybe, this IS NOT one of those threads where there is any or many strings attached, and there is no final ingredients to pay for.
in fact, as the final lesson, i had pretty closely described everything what i am looking for to consider a trade entry and why i do that.

however, the goal for this' mentoring gift' was not to create 2 more Profitfarmers!
most of the aim was to take a step back from what they are doing, reset the mindset about what their targets and goal are, clarify some ways how to get there while breaking down some myths you can read and reread on the forum countless time repeated by noobs and not so noobs most threads....then go ahead and try to incorporate these lessons into their trading.
will their trading benefit from these lessons?
time will tell, maybe yes, maybe not.
but i sincerely believe that it can help more than not if they heed most we talked about.

just for the fun, pointing out, even if where i leave in 3rd world Thailand, in Bangkok 1 on 1 Thai language lesson cost 15-20$ an hour!
also, to point out i have a profitable and visible TE running, that is both live, and visible here since the thread started, it is not some lucky demo that get attached after a few good guesses. the results are rather consistent, most would agree.
if there if less profitable traders than than Thai language teachers here, what do you think the value would be for approx 10 hours 1 on 1 lessons?
and that, my friend, that i speak Thai or not, really not depend only on the teacher, could be great or not, because 10 hours wont be enough to learn something fully.

however 10 hours is ENOUGH to show what may be possible with some adjustments to the current trading.
while i scalp mostly nowadays, my rather simple approach does work for swing/position trading very well too.
matter of fact, i may even used some live examples some points...

again, there is no tell how someones trading will be, cant even guarantee you mine.
but for free, hard to beat the cost!

happy trading/happy holidays!
there is always, always another trade!!
  • #459
  • Dec 23, 2017 5:06am Dec 23, 2017 5:06am
Quoting profitfarmer
{quote} while i scalp mostly nowadays, my rather simple approach does work for swing/position trading very well too. matter of fact, i may even used some live examples some points...
Why don't you post some swing/position trades so that followers of your thread can benefit to learn from your style of trading if that's one of your intention of this journal ?

Since you have already mentored 2 members, you might want to use this thread to mentor more members about your simple trading approach to swing/position trades. A simple chart to show trades will do. If you have the time you might want to include a few lines of your market analysis. Just a suggestion for you to consider. People learn a lot more from actual trades than a thesis write-up about theoretical trading.

Btw, most foreigners are found at puket, songkhla in the south or pattaya, bangkok or chiangmai in the north. Are there lots of foreigners in chaiyaphum ?
  • #460
  • Dec 23, 2017 6:01am Dec 23, 2017 6:01am
Quoting skyway
{quote} Why don't you post some swing/position trades so that followers of your thread can benefit to learn from your style of trading if that's one of your intention of this journal ? Since you have already mentored 2 members, you might want to use this thread to mentor more members about your simple trading approach to swing/position trades. A simple chart to show trades will do. If you have the time you might want to include a few lines of your market analysis. Just a suggestion for you to consider. People learn a lot more from actual trades...
the thread isnt about to teach per se how i trade.
it is more to point out some of the aspects that get easily overlooked often as less important.
not that long ago did post some chart with some pointers what i look for a swing. was very little feedback on it, and that is fine with me. shows limited interest.
just as the mentoring offer had.

theoretical trading? maybe read 'landline'...he bitch around a lot about the forum on his journal, grumpy on high horse kind a funny, should give the entertainment. a secret admirer. lol. especially the doom and gloom and the i told you so parts worth to highlight. i am pretty sure he reads this journal too, waiting to make yet another i was telling he will blow up, but hey, it is just as fun to make someone wait a bit longer for that. there is bunch of those, cant care less the EOD.

if you read my journal, some mentioned to check my trades/scalps, plot them on a chart. so, some benefits in a way.
of course, it also helps that it is live, visible, and far from theoretical.

as for Chaiyaphum...where i live there isnt many foreigners. and i prefer that way. i dont need to kick into one every other steps like in Phuket or Pattaya, and the traffic and pollution isnt fun in Bkk. but f you like geography, i had lived in Jomtien, downtown Bkk 2 places, Nonthaburi, and lately in Chaiyaphum province, although closer to Khon Kaen in fact. it has been nearly 16 years in total. i expect we will move 1-2 more times before settle down to "retire" somewhere.
there is always, always another trade!!
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