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The Secret to Success and profitable trading - What is it?

  • #41
  • Aug 21, 2019 6:58am Aug 21, 2019 6:58am
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  • #42
  • Aug 21, 2019 7:03am Aug 21, 2019 7:03am
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  • #43
  • Aug 21, 2019 7:04am Aug 21, 2019 7:04am
It always shocks me how some people have been tasing for 10 years plus and are still searching for the holy grail
  • #44
  • Aug 21, 2019 7:06am Aug 21, 2019 7:06am
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  • #45
  • Aug 21, 2019 7:09am Aug 21, 2019 7:09am
Quoting Daniel2775
It always shocks me how some people have been tasing for 10 years plus and are still searching for the holy grail
I don't tase.... If I was looking for some kind of Holy Grail I sure would not look for it here. Funny characatures and flip cartoons will not get you there folks.
  • #46
  • Aug 21, 2019 7:10am Aug 21, 2019 7:10am
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  • #47
  • Aug 21, 2019 7:10am Aug 21, 2019 7:10am
Hey @droloh, nothing wrong with demoing if the trader knows what he/she is doing. If the trader is demoing to make paper profit or to win a broker's contest it is a big problem. Doing that would make the trader learn risky and terrible habits. A good way to demo is to focus on mastering a specific system or strategy and learn how to control capital risk.

KP

Quoting Drolph
Well, Daniel2775.. the problem in almost all discussions here is, that noobs insist and stick to their wrong trading behaviors thinking they are doing the right thing. Trading on Demo is indeed a major if not the most destructive habit of unsuccesful traders/noobs. You have to understand, that all your results and evaluations done on demo are of NO worth. Truth hurts. By giving you this advise you could save yourseld a lot of the ressource everyone of us can not afford to waste - time. Of course you can put it as opinion although it is a fact. But...
Do your homework, follow the footprints of smart money
  • #48
  • Aug 21, 2019 7:11am Aug 21, 2019 7:11am
Quoting KeenPips
Hey @droloh, nothing wrong with demoing if the trader knows what he/she is doing. If the trader is demoing to make paper profit or to win a broker's contest it is a big problem. Doing that would make the trader learn risky and terrible habits. A good way to demo is to focus on mastering a specific system or strategy and learn how to control capital risk. KP {quote}
Fully agree and finally someone talking sense
  • #49
  • Aug 21, 2019 7:14am Aug 21, 2019 7:14am
So how much does this guy charge for his holy grail??
SDTAG
  • #50
  • Aug 21, 2019 7:15am Aug 21, 2019 7:15am
As I said guys I will be helping anyone and everyone that needs guidance. I will be taking it at my own pace.

This is evening I will post some trades stop losses and take profits and the next day I will comment on where they are. I will only ever be posting my end of day trading.

But I will move on to my scalping which is my main source of income and investment

as i post the trades I will explain in more detail how they are taken and what they are based on.

For those of you that wish to stick around comment constructively and work hard I’m sure you will be able to progress.

I am very lucky to have been mentored by 3 that are part of the 1%. Ps 2 of the 3 have never been on forex factory
  • #51
  • Aug 21, 2019 7:15am Aug 21, 2019 7:15am
Quoting Sdtag
So how much does this guy charge for his holy grail??
The point is there isn’t a holy grail. There are small secrets that people keep close to them.

But the the holy grail is your mind as a trader
  • #52
  • Aug 21, 2019 7:19am Aug 21, 2019 7:19am
Examples of my basket trading. Every single basket I take is a winning one
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  • #53
  • Aug 21, 2019 7:21am Aug 21, 2019 7:21am
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  • #54
  • Aug 21, 2019 7:28am Aug 21, 2019 7:28am
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  • #55
  • Aug 21, 2019 7:35am Aug 21, 2019 7:35am
For new traders to comment.

If you are new to trading.

1- how long have you been trading?
2- where are you in your journey?
3- do you trade live or demo
4- how much have you lost live or demo?
5- how many times have you dropped a system because it loses?
  • #56
  • Aug 21, 2019 7:51am Aug 21, 2019 7:51am
Quoting Daniel2775
{quote} This is your opinion. But when 90% of people fail in trading which is 1 in 10. If everyone used a real account 9 people would lose money. So the fact is a demo account is best until profitable otherwise you may as well go to the casino

You are now changing your argument. I didnt say its not best to have a demo, I said its not a fact that everyone needs to start on one as you are claiming.

If you want a serious debate, you should at least read and understand replies correctly.


Also, you dont think that most people lose money even after they have been profitable on a demo account?


The more I read this thread the more I get the feeling you are a complete newby or someone who just recently started making some profit and is now tryinig to educate others.

You should show your TE or myfxbook so we can see if there is any reason for anyone take what you say seriously. If you cant prove your profitability then this is all pointless.
  • #57
  • Aug 21, 2019 7:57am Aug 21, 2019 7:57am
Quoting Daniel2775
{quote} Because this is a thread. To help people. Guide people. I could give my system to people but then people would abuse it. Finding your own way to view the market and your own edge is key. What a lot of people lack is the basic understanding of trading. What is important and what isnt important you wll be surprised how many traders have been trading a year and don’t have a money management plan. Don’t know what ADR is. They dont know how to calculate it. They have no understanding of how to actually compound an account safely and effectively:...

Hi Daniel,

I know George AUS used to hedge but he never showed how it was done. His system is basically reversal trading. A lot of the time it can go against you. If you don't know how to hedge you will be destroyed. At least I hope show us how to hedge.

And regarding the ADR - it can change from day to day. How reliable can that be for planning our trades.

Thanks.

Rajnidas
  • #58
  • Aug 21, 2019 8:03am Aug 21, 2019 8:03am
Quoting xtradex
{quote} You are now changing your argument. I didnt say its not best to have a demo, I said its not a fact that everyone needs to start on one as you are claiming. If you want a serious debate, you should at least read and understand replies correctly. Also, you dont think that most people lose money even after they have been profitable on a demo account? The more I read this thread the more I get the feeling you are a complete newby or someone who just recently started making some profit and is now tryinig to educate others. You should show your...

Firstly haven’t changed anything.
Ok. Everyone should start on demo.

Going straight into live with no experience will 90% result in loss.

This thread wasnt started for a debat.

Im not a newbie and I would not post a trade explorer neither do I use myfxbook that is controlled by brokers.

If if I was trying to sell something then maybe I would post an explorer but I had nothing to prove.

I know where I am in life and this thread is to give new people a fighting start.

I follow the same methods as George Andy and Steve.

I dont follow any normal public methods.

For me support resistance, chart patterns and all the other crap out they is to lead traders down a dark path. Nearly all indicators repaint. I use 2 indicators that don’t repaint this is simply to analyse what I need to.

I have seen seen the same comments on many good forums calling people lier a but anyone with any sense would not be posting trade explorers and fx books.

Ps in answer to your question yes I think they do. But then they should go back to demo find what they did wrong and then go live again.

The reason for this is emotion. Which is why I made the point of your mental state. You must think of demo as real money. Then the change over to real will be effortless.

If this forum isnt isn’t for you. Then please leave and let it progress.
  • #59
  • Aug 21, 2019 8:10am Aug 21, 2019 8:10am
Quoting rajandaas
{quote} Hi Daniel, I know George AUS used to hedge but he never showed how it was done. His system is basically reversal trading. A lot of the time it can go against you. If you don't know how to hedge you will be destroyed. At least I hope show us how to hedge. And regarding the ADR - it can change from day to day. How reliable can that be for planning our trades. Thanks. Rajnidas

Hello thanks for your comment. I’m response. So the hedging is part of the money management plan.

It is not reversal trading.

Because think of this.

The trades are taken on the lower time frames.

A trade is sometimes entered long at herd Mentality which may be a reversal.

But other times a trade may be taken long back into a long term trend.

So you cant categorise it.

I still use George’s many methods but I have adapted them to suit my own entry.

What i can tell you is George is a very clever man and has figured something out I truly believe in. Since meeting him my trading has improved even more.

Well when you say a lot I would disagree:

7 out of 10 instant into profit. 3 may go into a small drawdown but the power of hedging correctly gets out of these for a winning basket.

Also so if you ever say the target sheet that was blanked out. This was a set of filters to get out of the grinding days:

one should be done for each and every pair.

Its a set % based on pips done for the day.

Adr. Yes it changes but if you look at it for 12 months and a few other time periods it gives you an understanding of how much more the pair can or can’t do in one direction.
  • #60
  • Aug 21, 2019 8:32am Aug 21, 2019 8:32am
Hi guys part of my end of day trading plan. Which are different trades.

A few that that may be of interest this evening if conditions are met but will confirm on New York close.

AUDUSD LONG
EURCHF LONG
DAX GER30 LONG
USDCAD SHORT.

this isn’t a full trade call until new York close this evening.

But it later I will confirm and tell you my take profits and stops I will be doing this for a limited time only.

I will confirm this isn’t my main strategy but an easy end of day one I use that allows me to get decent win rates and returns. Average of 10% return per month with this one for an hours work each evening.

Thanks
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