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How jumping from system to system can cost you your life

  • #41
  • Aug 29, 2018 1:10pm Aug 29, 2018 1:10pm
Quoting richyRich27
you two knucklheads watching? KA, BLAMMMMM
Trading the Eur usd shows your intelligence level.
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  • #42
  • Aug 29, 2018 1:13pm Aug 29, 2018 1:13pm
Quoting loozers
{quote} at least we trade real. {image} {image}
Thank you for uploading the indy in the chart. I downloaded it over the weekend but haven't got around to run experiments.
  • #43
  • Aug 29, 2018 1:18pm Aug 29, 2018 1:18pm
Quoting mbrown
{quote} Thank you for uploading the indy in the chart. I downloaded it over the weekend but haven't got around to run experiments.

There is a free professional system to go with it, so you don't need to jump from system to system,as our false guru has spoken from his experience.

https://www.forexfactory.com/showthread.php?t=805676
  • #44
  • Aug 29, 2018 1:19pm Aug 29, 2018 1:19pm
Quoting richyRich27
Not to put a finer point on it, but the longer it takes you to find your feet, the less time remains for the Glorious "rest of your life" Screw money, you are eating time...day by day. YOU MUST GET OFF THE MERRY GO ROUND. Trading is not about trading the market, its about trading your system. IT DOES'NT EVEN MATTER IF ITS EVEN VERY GOOD !! A high fidelity trader is one that loves and knows and trades his system. I press this urgency upon you because there's NO WAY anybody gets away with it, you're gonna pay the price. A looong time with your system....

If you had a good system , you would not need to do anything ,like you suggest.
  • #45
  • Aug 29, 2018 1:22pm Aug 29, 2018 1:22pm
Quoting loozers
{quote} If you had a good system , you would not need to do anything ,like you suggest.
I already have my core systems I trade. I just enjoy making EAs. I normally give them away. BUt I will look at the system out of respect.
  • #46
  • Aug 29, 2018 1:35pm Aug 29, 2018 1:35pm
Quoting loozers
{quote} If you had a good system , you would not need to do anything ,like you suggest.
of course I didnt mean traders of your calibre loozers, It was speaking to the huddled masses.

Vision is something you cant attain. You either got it or you dont, but I guess animals find coping strategies.
  • #47
  • Aug 29, 2018 1:41pm Aug 29, 2018 1:41pm
Quoting loozers
{quote} Trading the Eur usd shows your intelligence level.
It suits me. But I suppose the Dax/Dow have their moments. I just dont like indices. They are suspect to me. How do Brokers even hedge them.
  • #48
  • Aug 29, 2018 1:51pm Aug 29, 2018 1:51pm
I'm stuck in this trade and its getting late for a ka, blammm...gonna stick it out a bit more but its getting too late to expect much more. Anyway see how it goes in an hour. I already got 35 pips I just want another 20


...if only i could learn to program through that shifty mt4 platform I could make my own ea.
  • #49
  • Aug 29, 2018 2:08pm Aug 29, 2018 2:08pm
Quoting richyRich27
{quote} It suits me. But I suppose the Dax/Dow have their moments. I just dont like indices. They are suspect to me. How do Brokers even hedge them.
They don't, they cover in the markets.
  • #50
  • Aug 29, 2018 2:09pm Aug 29, 2018 2:09pm
Quoting richyRich27
I'm stuck in this trade and its getting late for a ka, blammm...gonna stick it out a bit more but its getting too late to expect much more. Anyway see how it goes in an hour. I already got 35 pips I just want another 20 ...if only i could learn to program through that shifty mt4 platform I could make my own ea.

dow /dax will move 50 points in minutes regularly.
  • #51
  • Aug 29, 2018 2:13pm Aug 29, 2018 2:13pm
Quoting loozers
{quote} They don't, they cover in the markets.
So you mean to tell me that brokers hedge/cover alllll the bluechips that compose the index at the correct proportions to reflect your 12 cent trade?
  • #52
  • Aug 29, 2018 2:31pm Aug 29, 2018 2:31pm
Quoting richyRich27
{quote} So you mean to tell me that brokers hedge/cover alllll the bluechips that compose the index at the correct proportions to reflect your 12 cent trade?

They take some small risk and include it in bigger hedges.
  • #53
  • Aug 30, 2018 1:26am Aug 30, 2018 1:26am
Don't do system hopping ,lose money on same system.
  • #54
  • Aug 30, 2018 2:36am Aug 30, 2018 2:36am
loozers, its clear you miss my point. The entire paragraph had only one point and you missed it.

But thats not really it is it. You're just being intentionally obtuse for shits and giggles.

Find a good woman that owns a strap on, so you finally get what is deserved.
  • #55
  • Aug 30, 2018 3:06am Aug 30, 2018 3:06am
[quote=richyRich27;11420127]Not to put a finer point on it, but the longer it takes you to find your feet, the less time remains for the Glorious "rest of your life" Screw money, you are eating time...day by day. YOU MUST GET OFF THE MERRY GO ROUND. Trading is not about trading the market, its about trading your system.

Nice thread richy, and I agree, that chasing a system is a bit mistake most new to the business make. All I would say is what I've said elsewhere about systems, in that a system is not something apart from the trader, it is the trader. The more time we spend developing out expertise, the more we will learn about the markets and the greater chances of eventual success. One cannot rush this process, though most do which entirely explains the high failure rate of traders. The glorious rest of you life as you put it is now, and if anyone wants to reap the rewards which can come from trading, they have to put the mileage in first. There is never a short cut. Then, when the knowledge of the markets is enough to consistently be able to read price movement, one has to be true to oneself and remain disciplined, because self-sabotage is the only reason traders who should be making money fail, and that's where psychology plays such a big part.
  • #56
  • Aug 30, 2018 3:26am Aug 30, 2018 3:26am
You obviously know your stuff Cat.

Knowing what you know is vital to your inevitable progress. Thumbs up mate.
  • #57
  • Aug 30, 2018 3:55am Aug 30, 2018 3:55am
A calm sea does not make a skilled sailor.
When the student is ready...you masters appear but blindness, ah, blindness.
I have found that there are only 9 fucktards in the world....they just move around a lot.

Great thread
richyrich27!
I side with you.

One must set up THEIR system and compare it to what BS they have entrenched in their toolboxes.
Then it seems, the wisdom of the ages opens up. New level after level is achieved like if 80% of the world is being pressure regulated by computers.
Math is math. Vectors are vectors. Frequency is frequency and I still ponder....hole or electron flow...emotions and thought.

Crack on y'all!
  • #58
  • Aug 30, 2018 4:00am Aug 30, 2018 4:00am
Quoting richyRich27
You obviously know your stuff Cat. Knowing what you know is vital to your inevitable progress. Thumbs up mate.
It shouldn't need to be said, but building a solid base of knowledge is the most important part of any endeavour we pursue, and this applies to trading as much as anything else, but unfortunately( or should I say fortunately!) for reasons that are obvious, most choose to ignore this and jump into the markets like headless chickens. The statistics speak for themselves. Ten years in and I'm still learning.
  • #59
  • Aug 30, 2018 4:09am Aug 30, 2018 4:09am
[quote=cat;11423630]
Quoting richyRich27
when the knowledge of the markets is enough to consistently be able to read price movement, one has to be true to oneself and remain disciplined, because self-sabotage is the only reason traders who should be making money fail, and that's where psychology plays such a big part.unfortunately, for reasons that are obvious, most choose to ignore this and jump into the markets like headless chickens. The statistics speak for themselves. Ten years in and I'm still learning
How do you acquire the real knowledge, ll books are written by failed traders and educators? Every education scam artist wrote books , after failing to make money in the markets, like the 99 % club.

The first thing traders should learn is trading psychology, apply it to real trading scenarios , then be in the market to trade.Before I became good at trading after learning trading psychology in the fullest , I had to learn trading psychology for 4 years.


https://www.forexfactory.com/showthread.php?t=809399
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  • #60
  • Aug 30, 2018 4:15am Aug 30, 2018 4:15am
I am not much of a believer in the teaching of trading, although I think that experience can be passed on to help others, but some of you may find the following series of interviews with this guy, Francis Hunt, who is a mate of mine, helpful. He has a great deal of experience and knowledge of the markets, and is very good at communicating it to others.

https://www.youtube.com/watch?v=pKQSVC8kHvo&index=1&list=PL7BbDF6SP86KMcBk81ueQyK9NrTZfF4uA
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