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

  • #101
  • Aug 22, 2019 7:47am Aug 22, 2019 7:47am
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  • #102
  • Aug 22, 2019 7:50am Aug 22, 2019 7:50am
There is 100% money to be made in forex and I can tell you if you find something good put the work in to develop it. Get your edge in the market.

Then it will work on everything. Not just forex
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  • #103
  • Aug 22, 2019 9:25am Aug 22, 2019 9:25am
will you actually be showing your system on this thread? curious as to your purpose
  • #104
  • Aug 22, 2019 11:04am Aug 22, 2019 11:04am
Quoting milicentfx
will you actually be showing your system on this thread? curious as to your purpose
You will have to wait and see. I’m obviously not going to be sharing all my system but I will guide and hopefully allow people to figure it out there own way. We aren’t even 5% of where I would like to take this
  • #105
  • Aug 22, 2019 11:06am Aug 22, 2019 11:06am
Use this as you wish. For me it works best in my strategy when pairs do opposites. For some it works best when they move the same.
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  • #106
  • Aug 22, 2019 11:10am Aug 22, 2019 11:10am
Linda Raschke, a Market wizard, is President of LBRGroup. When I was watching the video, I remembered a remarkable quotation by Henry Ford, the great American industrialist. According to Henry Ford, 'Before anything else, getting ready is the secret of success.'

After watching Linda's video, here are a few things, without elaboration, I believe are central to her success:
1. Focus,
2. Mastery,
2. Preparation, and
4. Hard work

Trade safe.

KP

Quoting KeenPips
I want to share the below video by Linda Raschke, a Forex trading legend, as it seems to provide an insight on some keys to her success. This is not an ordinary run in the mill video; it is rather ponderous. My intention in sharing this video here is for members to view it and identify what they think they can learn for successful Forex trading. They may post whatever they learn here. After a few hours, I will post what I believe are some keys to her success. Trade safe. KP https://youtu.be/AgAqbIe7mwE
Do your homework, follow the footprints of smart money
  • #107
  • Aug 22, 2019 11:13am Aug 22, 2019 11:13am
Which one are you?
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  • #108
  • Aug 22, 2019 11:14am Aug 22, 2019 11:14am
Quoting KeenPips
Linda Raschke, a Market wizard, is President of RBKGroup. When I was watching the video, I remembered a remarkable quotation by Henry Ford, the great American industrialist. According to Henry Ford, 'Before anything else, getting ready is the secret of success.' After watching Linda's video, here are a few things, without elaboration, I believe are central to her success: 1. Focus, 2. Mastery, 2. Preparation, and 4. Hard work Trade safe. KP {quote}
I agree all those things can make you successful in any business. The top one for me is focus and mastery. But they all come hand in hand
  • #109
  • Aug 22, 2019 11:16am Aug 22, 2019 11:16am
I know this is skipping ahead a little but just so you all know. I only use 2 indicators. 1 is TMA non repaint which is tweaked to suit me.

The other is an ADR indicator that gives me 12 month 6 month 10 day and current ADR for the day. As well as yesterday’s.

But this is only a part. The main part are your eyes and your brain.
  • #110
  • Aug 22, 2019 11:17am Aug 22, 2019 11:17am
Quoting KeenPips
I want to share the below video by Linda Raschke, a Forex trading legend, as it seems to provide an insight on some keys to her success. This is not an ordinary run in the mill video; it is rather ponderous. My intention in sharing this video here is for members to view it and identify what they think they can learn for successful Forex trading. They may post whatever they learn here. After a few hours, I will post what I believe are some keys to her success. Trade safe. KP https://youtu.be/AgAqbIe7mwE
Yes it’s a good video.
  • #111
  • Aug 22, 2019 12:28pm Aug 22, 2019 12:28pm
Quoting Daniel2775
{quote} You will have to wait and see. I’m obviously not going to be sharing all my system but I will guide and hopefully allow people to figure it out there own way. We aren’t even 5% of where I would like to take this
Quote
I’m obviously not going to be sharing all my system
@Daniel2775 -- but why? Is it because you are concerned people would "abuse" it -- where "abuse" means they might profit?

And, if you are concerned that people might profit, are you then concerned the MM would change its algorithms so that retail traders couldn't profit -- including yourself? How much profit would retail traders actually have to make in order to cause the MM to change its algorithms?

I've read elsewhere where people state that no one would ever publish a profitable system -- and I wonder why. And I wonder where that notion came from because only people who've never published a profitable system state that. But then how could they possibly know what someone who has published a profitable system was thinking. Do you know what I mean?

My intent is not to be argumentative but to better understand the mentality of someone who claims to want to help others, except only up to a point.
  • #112
  • Aug 22, 2019 12:43pm Aug 22, 2019 12:43pm
if you have managed to become profitable through years of hard work.
the truth is that no one will offer a profitable strategy on the silver tray.
  • #113
  • Aug 22, 2019 12:53pm Aug 22, 2019 12:53pm
Quoting tiborf71
if you have managed to become profitable through years of hard work. the truth is that no one will offer a profitable strategy on the silver tray.
@tiborf71 -- and why is that?

Do you mean that someone who has worked to create something of value would never want to share it to help others be successful?

You state "no one" would. Is that coming from experience -- i.e. from someone who has created something of value and never shared it? Or is it that you just suspect no one would want to share something of value because that's how you feel?

Not to be argumentative -- but just to distinguish between whether statements are being made based on evidence or personal preference.
  • #114
  • Aug 22, 2019 1:03pm Aug 22, 2019 1:03pm
Quoting robots4me
{quote} @tiborf71 -- and why is that? Do you mean that someone who has worked to create something of value would never want to share it to help others be successful? You state "no one" would. Is that coming from experience -- i.e. from someone who has created something of value and never shared it? Or is it that you just suspect no one would want to share something of value because that's how you feel? Not to be argumentative -- but just to distinguish between whether statements are being made based on evidence or personal preference.
commerce is a lonely activity. everyone must prosper according to their own abilities.
  • #115
  • Aug 22, 2019 1:10pm Aug 22, 2019 1:10pm
Quoting tiborf71
{quote} commerce is a lonely activity. everyone must prosper according to their own abilities.
@tiborf71 -- agreed. But we weren't talking about commerce.

I had asked a question whether "helping" others means only up to a certain point. And, if only up to a certain point, then why?

And if you mean it's because we are competing against one another, then why would you even consider helping your competitor at all, even just a little?

And if you think you and I are competing -- then how did my 10 trades this morning hurt your 10 trades? I mean, exactly how did my trades harm you? Not some "hand-waving" argument. Seriously, did my broker withdraw funds from your account and transfer them to mine?
  • #116
  • Aug 22, 2019 1:14pm Aug 22, 2019 1:14pm
Quoting robots4me
{quote} @tiborf71 -- agreed. But we weren't talking about commerce. I had asked a question whether "helping" others means only up to a certain point. And, if only up to a certain point, then why? And if you mean it's because we are competing against one another, then why would you even consider helping your competitor at all, even just a little? And if you think you and I are competing -- then how did my 10 trades this morning hurt your 10 trades? I mean, exactly how did my trades harm you? Not some "hand-waving" argument. Seriously, did my broker...
I don't think it makes sense to talk.
Have a nice day.
  • #117
  • Aug 22, 2019 1:30pm Aug 22, 2019 1:30pm
Quoting tiborf71
{quote} I don't think it makes sense to talk. Have a nice day.
@tiborf71 -- I asked a question and you responded with a comment. And then I responded to your comment. If it doesn't make sense to talk then why did you start talking with me in the first place?
  • #118
  • Aug 22, 2019 2:06pm Aug 22, 2019 2:06pm
Quoting robots4me
{quote} {quote} @Daniel2775 -- but why? Is it because you are concerned people would "abuse" it -- where "abuse" means they might profit? And, if you are concerned that people might profit, are you then concerned the MM would change its algorithms so that retail traders couldn't profit -- including yourself? How much profit would retail traders actually have to make in order to cause the MM to change its algorithms? I've read elsewhere where people state that no one would ever publish a profitable system -- and I wonder why. And I wonder where that...
So my personal reason for it is due to the fact that I’ve worked hard on it lost much sleep. Put my health at risk and broken a marriage to make it successful.

Why hat would I give someone else it for free when I have put the work into it. And also it holds to much value to sell it. Because yes I could make quick money but then long term I have an edge that could be much much more in years to come.

Anyone that does make it shares with a select few and I understand why.

Its nothing to do with algos because they chnage one side then profit another. Also the individual mm don’t control the algos.

Ao the reason to help others is to really give them the stepping stones to make it.

I developed what I have now by managing to meet the right people at the right times and each person added to it. I took parts away from each and made an edge. Something outside the box.

Also right now I trade exclusive for a fund. So giving it away would mean that someone else could under cut me.

Hope that answers
  • #119
  • Edited 3:04pm Aug 22, 2019 2:32pm | Edited 3:04pm
Quoting robots4me
{quote} @tiborf71 -- agreed. But we weren't talking about commerce. I had asked a question whether "helping" others means only up to a certain point. And, if only up to a certain point, then why? And if you mean it's because we are competing against one another, then why would you even consider helping your competitor at all, even just a little? And if you think you and I are competing -- then how did my 10 trades this morning hurt your 10 trades? I mean, exactly how did my trades harm you? Not some "hand-waving" argument. Seriously, did my broker...
Just a random thought, maybe...

You see a homeless, may give him 5$, or even a 20...
Do you care to lend him your house or car, and co-sign a credit card too...
Effective give away all you have and you have worked for?

Or should that 5-20$ do, help with a meal, maybe to a shower, and from there on let the homeless get off his/her us and do the work
If he want more in life than an occasional meal?

After all you did your work, and keep doing it...and by large not to achieve world peace, but to support yourself and your family.

A good deed, ie some help and pointers, sure.
But no working person go for a 9-5 for free...and give away their time all for free.

Perhaps the best to be thankful for some helpful pointers if/when one get some, and be happy for it.
Just like the homeless for the hot meal,
that is although a lot less than a house in a fancy neighborhood,
But a lot more than an empty stomach!



PS.
The real IP isn't a code line, but the logic that goes behind it!
there is always, always another trade!!
  • #120
  • Aug 22, 2019 2:44pm Aug 22, 2019 2:44pm
Quoting tiborf71
if you have managed to become profitable through years of hard work. the truth is that no one will offer a profitable strategy on the silver tray.
Exactly
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