You can quit and they won't care, but you will always know.
- #42
- Oct 6, 2006 9:10am Oct 6, 2006 9:10am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #44
- Oct 6, 2006 10:26am Oct 6, 2006 10:26am
- Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts
- #45
- Oct 6, 2006 3:32pm Oct 6, 2006 3:32pm
- Joined Sep 2004 | Status: Trader | 1,464 Posts
So far it is. But three weeks isn't nearly any time to tell anything.
I believe my thinking is evolving, though. I took a $3k practice account to $4500 with this week's trading, and at least I realize from this example that I probably have some money-management issues (instead of thinking what a great trader I must be).
The same One who gives me the ability to get wealth is the One who's helping me get my head screwed on straight.
You also show wisdom by building on the Rock.
Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
- #46
- Oct 6, 2006 4:12pm Oct 6, 2006 4:12pm
- Joined Sep 2004 | Status: Trader | 1,464 Posts
I appreciate the kind words, Dial, but without sounding sycophantic, I've a long way to go before I would class myself as great. I feel that most of the dozens of hard working contributors to this forum have opened my eyes to the true meaning of the word 'sharing'.
A lot of us first came here to take what we could, and it's the ethos of this place that converts us into 'givers'.
Anywho, enough of the mutual back-slapping, on to see if my trade on EURCAD is still heading in my direction.
I said you were a great guy, not a great trader.
: But having seen your tremendous growth, it wont be long befor your trader greatness rivals your guy greatness. 
You're also right on about givers and takers. It is the givers who end up with the prize. The takers who don't become givers never figure this out, and always wonder why they never obtain the prize.
I've answered hundreds of PMs from folks here asking for advice or help. After I've replied, only about 10% ever say thank you. This is not a complaint, just an observation. I don't want my PM box filled with excessive 'thank you's"!
But, I have to wonder if there is some correlation between the 10% who say thanks and the 10% who ultimately make profit in their trading?
Give and it shall be given unto you, good measure, pressed down and shaken together, and running over shall men give unto your bosom. For with the same measure that ye mete withal it shall be measured to you again
I find it interesting that the quote above says "shall MEN give unto your bosom". Not God, but men! I've given here at the Factory, but what I've received back from others here far exceeds what I've given.
Mouteki gave. May he reap his due reward.
Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
- #47
- Oct 7, 2006 12:31am Oct 7, 2006 12:31am
Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by Jesus
Give and it shall be given unto you, good measure, pressed down and shaken together, and running over shall men give unto your bosom. For with the same measure that ye mete withal it shall be measured to you again
</TD></TR></TBODY></TABLE>
I find it interesting that the quote above says "shall MEN give unto your bosom". Not God, but men! I've given here at the Factory, but what I've received back from others here far exceeds what I've given.
Mouteki gave. May he reap his due reward.
Is your SL my TP?
- #48
- Oct 7, 2006 12:57am Oct 7, 2006 12:57am
Akuma, I agree with your point... Some just cannot put in the time to see what works and what is an actual improvement. I read a post in one of the threads where he had one trade go against the system. He wanted an explanation of how this could have happened. When I responded that no system is 100% He responded with he had 3 tades in a row go bad. As though that is a big enough sample to judge. Better start the filter process.
Oh well. What is that saying? Oh yea, "You can lead a horse to water, but you can't make him drink."
101% agreement. I just finished reading the mouteki thread last night.Many times loads of them are looking for the PERFECT SYSTEM tt will make them instant millionaires
I new to FF and been reading a few threads progressively, learn a great deal here. I like to thank Akuma (ur journal follower
: ), Daillist, james16 and Peter. You guys has make my trading learning process so much easier. - #50
- Oct 7, 2006 3:32am Oct 7, 2006 3:32am
- Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts
Same here,
I like the effectiveness of mouteki's method, but i like the idea of running with trends (then again diff people depict trends differently, its really up to the individual). My 2pips would be to use the methods given here as a guage of 'which way you like to trade'. Best to develop your own system which fits your personality and dun be awed by indicators. Most of the times the simplest system works the best
Jest
I like the effectiveness of mouteki's method, but i like the idea of running with trends (then again diff people depict trends differently, its really up to the individual). My 2pips would be to use the methods given here as a guage of 'which way you like to trade'. Best to develop your own system which fits your personality and dun be awed by indicators. Most of the times the simplest system works the best
Jest
- #52
- Oct 7, 2006 8:36am Oct 7, 2006 8:36am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #53
- Oct 7, 2006 10:08am Oct 7, 2006 10:08am
- | Joined Jul 2006 | Status: Will take it all off for Pips! | 1,105 Posts
No worries mate
I'll I was doing was taking some of what I use in my everyday trading which is looking for multiple confluence to confirm my trades. Simple by looking at the charts you can't deny that there is a correlation to the Stoch direction and the direction of the trend.
For people that haven't figured this one out yet trading is one of the hardest jobs to do out there, why do you think most successful traders spend 16-20hrs a day because they have nothing better to do? When people cry and say they can't do it and they give up I don't feel bad for them. Those are same people that can't ever seem to achieve many things in life that 95% loosing rate doesn't just apply to trading looking around. 95% of people are working for someone being told by someone what to do. Hmm I wonder why that is as well. It simple but not easy trading or any thing in life if you don't have or not willing to put in the time it really takes to make it work your not going to become successful. If you really think you're going to put to gather the magic black box system that sends you an email so you only have to check a few times a day and come out successful in the long run your dreaming and need to wake up cause I can think of a million better thing you could be doing with that time. I wish everyone nothing but luck cause there is plenty of money to go a round. If you really got a system that is that simple I know guys that are managing 100 million dollars and if your system is proven to work get ready for a totally different life style if you think 4% a week compounds nice on 10k just think what happens on 100mil
I don't claim to the be the best or biggest trader out their but I was lucky enough to learn from some of the few who are managing from 10mil to 100mil w/ certified track records doing 75% a year and if your intreasted in open an acount the minim is 1m+.
turbo
I'll I was doing was taking some of what I use in my everyday trading which is looking for multiple confluence to confirm my trades. Simple by looking at the charts you can't deny that there is a correlation to the Stoch direction and the direction of the trend.
For people that haven't figured this one out yet trading is one of the hardest jobs to do out there, why do you think most successful traders spend 16-20hrs a day because they have nothing better to do? When people cry and say they can't do it and they give up I don't feel bad for them. Those are same people that can't ever seem to achieve many things in life that 95% loosing rate doesn't just apply to trading looking around. 95% of people are working for someone being told by someone what to do. Hmm I wonder why that is as well. It simple but not easy trading or any thing in life if you don't have or not willing to put in the time it really takes to make it work your not going to become successful. If you really think you're going to put to gather the magic black box system that sends you an email so you only have to check a few times a day and come out successful in the long run your dreaming and need to wake up cause I can think of a million better thing you could be doing with that time. I wish everyone nothing but luck cause there is plenty of money to go a round. If you really got a system that is that simple I know guys that are managing 100 million dollars and if your system is proven to work get ready for a totally different life style if you think 4% a week compounds nice on 10k just think what happens on 100mil
I don't claim to the be the best or biggest trader out their but I was lucky enough to learn from some of the few who are managing from 10mil to 100mil w/ certified track records doing 75% a year and if your intreasted in open an acount the minim is 1m+.
turbo
Yep I know what you mean, now let me make on thing clear, I don't intend to give the impression that I am here to bash up new traders, we all start out somewhere, I only started this thread to help give newer traders an early insight into the pitfalls that lay ahead if they approach things the wrong way and mouteki's method just seemed like a great example.
- #54
- Oct 7, 2006 10:22am Oct 7, 2006 10:22am
- Joined Jan 2006 | Status: Monarch o' the Glen | 5,561 Posts
...
I don't claim to the be the best or biggest trader out their but I was lucky enough to learn from some of the few who are managing from 10mil to 100mil w/ certified track records doing 75% a year and if your intreasted in open an acount the minim is 1m+.
turbo
- #55
- Edited 11:19am Oct 7, 2006 10:33am | Edited 11:19am
- | Joined Jul 2006 | Status: Will take it all off for Pips! | 1,105 Posts
Absolutly not and it funny you ask that because a guy I know just joined w/ the Factory and saw my post and said to me "Am surprised to see you looking into this system, considering your good results with murry math etc."
I think we are always learning and not to check out other thing would be ignorant.
I don't know if I said this in this thread but I'll say it agin. Mouteki system isn't realy that new it no more than 4hr trend breaks and I think most of us that learned to trade before the invention of all these forex forums and and fancy indicators this was one of the very first things we learned. Just look at how many people can't even a draw a trend line. If they can't even draw a trend line then that means they don't even know where support and resistance is. At least w/ the Mouteki system they will know how to do this now.
turbo
Knowledge is Power
I think we are always learning and not to check out other thing would be ignorant.
I don't know if I said this in this thread but I'll say it agin. Mouteki system isn't realy that new it no more than 4hr trend breaks and I think most of us that learned to trade before the invention of all these forex forums and and fancy indicators this was one of the very first things we learned. Just look at how many people can't even a draw a trend line. If they can't even draw a trend line then that means they don't even know where support and resistance is. At least w/ the Mouteki system they will know how to do this now.
turbo
Knowledge is Power
Are we to assume from this that you believe Mouteki {with Stohs added} is a better system than you learned from those guys?
- #57
- Oct 7, 2006 11:38am Oct 7, 2006 11:38am
- Joined Sep 2004 | Status: Trader | 1,464 Posts
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
This is a great editorial thread!
The above quote from Phimcgrew in a different thread says it all to me!!!!! It's one thing if someone creates a thread asking for opinions or suggestions to a system they are self-developing, but I think it is disrespectful to the author and the other readers to completely dillute the the basic premise of an author's thread when they are trying to be generous and share their success.
I don't think there is anything wrong with what Turbokaos did by starting a new thread combining his stoch indicator. He may get a following, and maybe he won't. People can read it, or they can pass it by. Of couse, the downside would be that if everyone who had an opinion started a new thread......there might be as many threads, as there are actual posts: At least he has not contributed to the destruction of a potentially great thread (BTW- even if the method sux, or is a loser, it can still be a great thread in the way it is arranged and presented!). Turbo is blazing his own trail, and may be helping some people out along the way. Has anyone looked at Bagovino's thread lately? Forgive me if the gazzillion modifications were introduced or authorized by Bagovino himself, but that strategy was originally based on the simplicity of 3 easy indicators and now I have no idea what the hell it is???
The truth is, there is no perfect system, and the lion's share of it has to do with the trader. In reality, if your head is screwed on right, one method in it's most basic form (preferably one without 20 indicators and 16 points of confirmation) can be successful.........Folks, the lesson here is: K.I.S.S. (Keep It Simple Stupid)
I anxiously await the open of a new week and the opportunities that lie ahead when they decide to present themselves!!
Happy trading....
Since I don't trade the moutekisidusbagovinotlatomifozzyvegasbellabunnygir lfirebidphoenix system there isn't much left to talk about besides technical analysis.
The above quote from Phimcgrew in a different thread says it all to me!!!!! It's one thing if someone creates a thread asking for opinions or suggestions to a system they are self-developing, but I think it is disrespectful to the author and the other readers to completely dillute the the basic premise of an author's thread when they are trying to be generous and share their success.
I don't think there is anything wrong with what Turbokaos did by starting a new thread combining his stoch indicator. He may get a following, and maybe he won't. People can read it, or they can pass it by. Of couse, the downside would be that if everyone who had an opinion started a new thread......there might be as many threads, as there are actual posts
: At least he has not contributed to the destruction of a potentially great thread (BTW- even if the method sux, or is a loser, it can still be a great thread in the way it is arranged and presented!). Turbo is blazing his own trail, and may be helping some people out along the way. Has anyone looked at Bagovino's thread lately? Forgive me if the gazzillion modifications were introduced or authorized by Bagovino himself, but that strategy was originally based on the simplicity of 3 easy indicators and now I have no idea what the hell it is???The truth is, there is no perfect system, and the lion's share of it has to do with the trader. In reality, if your head is screwed on right, one method in it's most basic form (preferably one without 20 indicators and 16 points of confirmation) can be successful.........Folks, the lesson here is: K.I.S.S. (Keep It Simple Stupid)
I anxiously await the open of a new week and the opportunities that lie ahead when they decide to present themselves!!
Happy trading....