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

  • #301
  • Sep 5, 2019 5:26am Sep 5, 2019 5:26am
Quoting Mingary
{quote} I don't care one way or the other, but a quick look at davit's last posts shows that he is (was) drowning in drawdown since may or there about .. .. good trader, I reckon you are a good trader until you are not.
Every trader has good periods and bad periods.
I do.
And I know you had been there too.

It is all about what you are doing if get knocked.
Stay down, or stand up?

Regarding Davit, all I am really interested to see what he is doing next.
there is always, always another trade!!
  • #302
  • Sep 5, 2019 6:38am Sep 5, 2019 6:38am
Here I leave a few steps, they sent it to me from financialjuice, I have not read it, when I have a free time I read it, comment if you liked it



http://www.tothetick.com/25RulesForD...d5189540b69330
Confucius: the man who broke the mountain was the same man who started ...
  • #303
  • Sep 5, 2019 8:05am Sep 5, 2019 8:05am
Quoting Mingary
{quote} I don't care one way or the other, but a quick look at davit's last posts shows that he is (was) drowning in drawdown since may or there about .. .. good trader, I reckon you are a good trader until you are not.
I don't follow his trading but I had a look at the last few images of his trades that he posted and I didn't see them as you put it; drowning in drawdown. Can u pls post a link. Thx
  • #304
  • Sep 5, 2019 8:51am Sep 5, 2019 8:51am
Quoting profitfarmer
{quote} Every trader has good periods and bad periods. I do. And I know you had been there too. It is all about what you are doing if get knocked. Stay down, or stand up? Regarding Davit, all I am really interested to see what he is doing next.
The good periods are invariably followed by a crash.
The market gives a little, slowly, and sometimes over a long time, and then takes it all back
Anyone saying that is not the case is in the "little and slowly" phase.
  • #305
  • Sep 5, 2019 9:10am Sep 5, 2019 9:10am
Quoting OutThere
{quote} I don't follow his trading but I had a look at the last few images of his trades that he posted and I didn't see them as you put it; drowning in drawdown. Can u pls post a link. Thx

https://www.forexfactory.com/showthr...0#post12356240


"I am letting my Trades run over the weekend.Holding all my AUD trades with 27k free margin I feel comfortable."

There are other posts similar to this one ...
27K free margin on a 100k + account
That is 70k + in market positions ..
Long some AUD pairs like AUDJPY starting in may .. his AUD trades are long trades, there are others, perhaps some winners in the lot as well. But the ship has been sinking for a while IMO
  • #306
  • Sep 5, 2019 10:42am Sep 5, 2019 10:42am
Hi Mingary,

What does Davit and his trading have anything to do with this thread or Daniel? I do understand what you are on about. It is totally unrelated.

Quoting Mingary
{quote} https://www.forexfactory.com/showthr...0#post12356240 "I am letting my Trades run over the weekend.Holding all my AUD trades with 27k free margin I feel comfortable." There are other posts similar to this one ... 27K free margin on a 100k + account That is 70k + in market positions .. Long some AUD pairs like AUDJPY starting in may .. his AUD trades are long trades, there are others, perhaps some winners in the lot as well. But the ship has been sinking for a while IMO
  • #307
  • Sep 5, 2019 11:43am Sep 5, 2019 11:43am
Quoting Mingary
{quote} https://www.forexfactory.com/showthr...0#post12356240 "I am letting my Trades run over the weekend.Holding all my AUD trades with 27k free margin I feel comfortable." There are other posts similar to this one ... 27K free margin on a 100k + account That is 70k + in market positions .. Long some AUD pairs like AUDJPY starting in may .. his AUD trades are long trades, there are others, perhaps some winners in the lot as well. But the ship has been sinking for a while IMO
OK, thanks.
Well, at least he is honest.
  • #308
  • Edited 10:24pm Sep 5, 2019 12:00pm | Edited 10:24pm
Quoting Nik
Hi Mingary, What does Davit and his trading have anything to do with this thread or Daniel? I do understand what you are on about. It is totally unrelated. {quote}
How can it not be related?
Has he not found a way to profitable trading?
If over time the best traders fail eventually, then what chance do we have ?
  • #309
  • Sep 5, 2019 12:32pm Sep 5, 2019 12:32pm
Quoting roverandout
Daniel if you can swerve all the negativity there are clearly people here who want to listen to what you have to say and what you are trying to achieve with this thread. Please continue.
+
  • #310
  • Sep 5, 2019 7:46pm Sep 5, 2019 7:46pm
Quoting roverandout
Daniel if you can swerve all the negativity there are clearly people here who want to listen to what you have to say and what you are trying to achieve with this thread. Please continue.
From Post 8 -

So step 1
figure out and ask yourself why you trade. Ask yourself this question.
Make money, if for thrill can try jumping down from liberty statue

Step 2
set up on demo.
Start a demo account with $5000 till you can double it. Open another demo with $5000 till you can double it. Repeat this till you can double 10 demo accounts in a straight roll. Any failure in between start all over again.

Step 3
control your emotions and clear your mind of chart patterns support resistance and everything else that is posted on forums. Why? Because you all follow this and 90% of traders fail.
If you have read this far you cannot be successful because you are reading this from a FORUMS. (Do you still not get it?)

Step 4
understand the market is manipulated. understand this yourself and don’t be afraid to try something different no one else has.
Simple answer - try hacking the trading platforms of all major banks.

Step 5
find an edge
That is the secret go and find it, why are you still reading.

step 6
dont trade any real money until you are 100% sure you are onto something in demo
Read step 2

step 7
dont let people tell you that you are wrong about a trade. Have confidence in yourself.
The fact that you read all this shows that you are depending on others to tell you - go do something else than forex.
  • #311
  • Sep 6, 2019 4:44am Sep 6, 2019 4:44am
Quoting Aussi
{quote} .... a deep seated hate , .....
Certainly not towards the victims ... there are very few on FF that care for the losers and that's the opposite of hate. Since 99% of all retail traders become victims over a very short period of time, I care for the absolute majority on this forum who acutally trades with real money. If there is 1 out of 100000 retail traders making money he won't have the slightest problem with my warnings, because he exactly knows what I am talking about and he fights the same enemies on a daily basis. He won't waste his time reading in a thread like "secret to success and profitable trading" - which let the snakeoil-o-meter explode into the deep red > 100% range.

Fighting snake oilers (affiliate marketers, trading coaches, Introducing Brokers, Broker owners and employees, scammers, fraudster, etc.) is the only rational thing smart human beings have and therefore the regulators start to act globally. The forex industry deploys hundereds of millions of USD per year to spread their propaganda lies of profitable retail fx trading. Funny thing is, that they start to lose against a simple but true message spreaded for free:

Retail forex is a negative sum game for losers.
  • #312
  • Sep 6, 2019 4:56am Sep 6, 2019 4:56am
Quoting HudithePfupf
{quote} Certainly not towards the victims ... there are very few on FF that care for the losers and that's the opposite of hate. Since 99% of all retail traders become victims over a very short period of time, I care for the absolute majority on this forum who acutally trades with real money. If there is 1 out of 100000 retail traders making money he won't have the slightest problem with my warnings, because he exactly knows what I am talking about and he fights the same enemies on a daily basis. He won't waste his time reading in a thread like...
Going to say this you can shout all you want , 95% of traders do not want to learn they want a quick rich scheme and the holy grail the retail forex is littered with traders that dont learn even the basics that is the truth , i agree with your sentiment and some should be called out , their is a forum for that started by some good people they is so much reading , internet , scammers hall of fame etc etc , governments are acting , i know a lot of traders on FF that do the right thing and make more money than you can dream , they are not scammers not selling any thing just helping so get and help would be a good start for you
people leave, but this thread will go on for ever
  • #313
  • Sep 6, 2019 6:02am Sep 6, 2019 6:02am
So please could you tell me the names of the "a lot of traders" that make more money that I can dream off?

To be honest, I can dream about an awful lot of money .... so your statement is 100% false.

Good thing is that I do wake up in the morning while others are sleepwalking all day long.
  • #314
  • Sep 6, 2019 6:19am Sep 6, 2019 6:19am
Quoting HudithePfupf
So please could you tell me the names of the "a lot of traders" that make more money that I can dream off? To be honest, I can dream about an awful lot of money .... so your statement is 100% false. Good thing is that I do wake up in the morning while others are sleepwalking all day long.
so your statement is 100% false. you said , but i do know who is a not a trader Hudithepfupf heh mate


digger1, me ,akim0895 ,ced74 , so here i named just a few , these traders all help in there different ways , but you just want a platform for your angry self and others will see it
people leave, but this thread will go on for ever
  • #315
  • Sep 6, 2019 6:26am Sep 6, 2019 6:26am
Quoting HudithePfupf
...If there is 1 out of 100000 retail traders making money he won't have the slightest problem with my warnings, because he exactly knows what I am talking about and he fights the same enemies on a daily basis....
I agree with this. Yes, I do care enough, that's why I felt responsible to vote and made the 2 posts.
https://www.forexfactory.com/showthr...0#post12482140
  • #316
  • Sep 6, 2019 12:16pm Sep 6, 2019 12:16pm
How do you hedge? Is hedging profitable in Scalping and Intraday trading?
  • #317
  • Sep 6, 2019 5:00pm Sep 6, 2019 5:00pm
Quoting dcm21212
How do you hedge? Is hedging profitable in Scalping and Intraday trading?
Yes, hedging if you scalp allows a second chance on a basket, kind of like a get out of jail free card.

ONE method I use is to simply hedge at 10 pips when I am scalping. If I am wrong, the next trade I double my trade size and just aim for 10 pips.
This way I end up 10 pips in profit after closing all trades.
Now if I am wrong again, I repeat this process.
So say first trade is 0.10, basket two is 0.20 and if need basket three is 0.60.

So for me to lose, I need to be wrong three times in a row which as a scalper almost never happens.

Cheers
Trading thin liquidity at the boundary of the charts
  • #318
  • Sep 6, 2019 5:09pm Sep 6, 2019 5:09pm
Quoting Aussi
{quote} so your statement is 100% false. you said , but i do know who is a not a trader Hudithepfupf heh mate digger1, me ,akim0895 ,ced74 , so here i named just a few , these traders all help in there different ways , but you just want a platform for your angry self and others will see it
Salute to those named mentioned. And i agree with you!
Only an idiot knows with certainty to where the market is going.
  • #319
  • Sep 7, 2019 12:08am Sep 7, 2019 12:08am
Dear Daniel

I enjoyed reading your posts on GeorgeAUS' thread. I thank you for your generous time and effort as they really helped nailed down some key concepts.

I've been studying the GBPJPY and geting the hang of its characteristics, but sad to say I'm still having a difficult time understanding the concept behind Time and price balance / ' the market runs in Squares' and how it can be applied to optimise trade entries

Reaching out to you or anyone who can lend a helping hand if anyone is kind enough to educate me on this...Would love to contact George and even for a chance to have a Skype session w him but sadly I learnt about his thread only after it has already been closed....

Also grateful to all here who have contributed to my understanding of MM manipulation....RickM, ProfitFarmer, Robots4me etcetc..

Green pips to all and God bless

Regards
Wong
  • #320
  • Sep 7, 2019 12:52am Sep 7, 2019 12:52am
Quoting nauxil
Dear Daniel I enjoyed reading your posts on GeorgeAUS' thread. I thank you for your generous time and effort as they really helped nailed down some key concepts. I've been studying the GBPJPY and geting the hang of its characteristics, but sad to say I'm still having a difficult time understanding the concept behind Time and price balance / ' the market runs in Squares' and how it can be applied to optimise trade entries Reaching out to you or anyone who can lend a helping hand if anyone is kind enough to educate me on this...Would love to contact...
Hi Wong,

Focus on the ' target theory ' part, and try to master that.
George's approach start out with the targets, first and foremost, before anything else is considered!!
Walk before run!
Targets + understand money management, is all you need first.
Take your time, and build up your approach, by practice.
There is plenty time to discuss some finer points at a later stage, else just find yourself overloaded with information.

Happy weekend!
there is always, always another trade!!
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