has anyone EVER seen a successful trader/trading system? | Page 27 | Forex Factory

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has anyone EVER seen a successful trader/trading system?

  • #521
  • Edited 7:03am Oct 8, 2019 6:22am | Edited 7:03am
some FF form users have Forex secret formulas, and have a cult following. 95% win rates and lots of pips.

they use hedging when position fail. if only hedging works

Worth taking a look at the thread.
  • #522
  • Oct 8, 2019 6:27am Oct 8, 2019 6:27am
Interesting traders keep talking about random price action and then declare its impossible to find a strategy to make money trading this action. But have these traders every tried to understand how to trade random price action. This price action actually has a speed it can't pass, an angle it can't move to and distance it can't reach.
Do the bloody work and study the charts till you know what these parameters are. Then you can wait till price moves to one of these walls and trade the other way.

Its really easy once you know the code.
Trading thin liquidity at the boundary of the charts
  • #523
  • Edited Oct 9, 2019 12:30am Oct 8, 2019 6:31am | Edited Oct 9, 2019 12:30am
Oh, God, these people.............

Let's make that clear:
1- a successful system it's a Holy Fkn Grail;
2- a Holy fkn Grail is literally a money machine;
3- a money machine is not for free ...you crazy?!? ...there's no such a fkn thing !!!
A money machine is not something you share, FFS !!!

Are you fkn nuts ?@!?#^*@?!
Nobody will show you how to do it, ...ever !
Only crooked testimonials all over the internet !

You have to study for a couple of years for experience.
If you couldn't make it after your learning time ...just drop it !
Just do yourself a favor, drop it, it's not for you!!! No shame to admit it!
Just go home and have a beer and be happy you got away from hell that easy! lol
Attached Image
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  • #524
  • Oct 8, 2019 6:37am Oct 8, 2019 6:37am
Quoting Rennaissance
{quote} Yeah you probably right about the 50/50 plus commisions. News is the only non random thing about the market also . But I dont think slippage is a problem, or that brokers are out there to get you. I think you should have a superior view about what the news might be. By either fundamental or technical anaylysis.
During my research I have found many non random elements in the price. All of them are extremely consistent and appear at predetermined times. Most are cyclical events caused by natural cycles, economic cycles, and seasonal cycles. Even things like the weather in different places in the world and the position of the Moon can affect the markets.

Unfortunately none of these non random elements can provide any edge. This is because none of them tell you anything about direction! And direction is the only thing that matters.

Here is a simple example of the daily cycles in the volatility, as you can see its very consistent. And over 80% of largest spikes above 3 standard deviations are caused by news events, again non random, but useless.
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  • #525
  • Oct 8, 2019 6:44am Oct 8, 2019 6:44am
Quoting RickM
Interesting traders keep talking about random price action and then declare its impossible to find a strategy to make money trading this action. But have these traders every tried to understand how to trade random price action. This price action actually has a speed it can't pass, an angle it can't move to and distance it can't reach. Do the bloody work and study the charts till you know what these parameters are. Then you can wait till price moves to one of these walls and trade the other way. Its really easy once you know the code.
If the markets were NOT random it would be impossible to profit from them.
  • #526
  • Oct 8, 2019 6:47am Oct 8, 2019 6:47am
Quoting Mingary
{quote} If the markets were NOT random it would be impossible to profit from them.
Tell us more Mingary, explain your logic
Trading thin liquidity at the boundary of the charts
  • #527
  • Oct 8, 2019 6:53am Oct 8, 2019 6:53am
Quoting BubaYaga
{quote} I've heard you say some pretty crazy things (in my head), but that takes the cake broski
"If the markets were NOT random it would be impossible to profit from them."

This is actually a very good observation! But unfortunately it seems that most people are too dumb to understand it.
  • #528
  • Oct 8, 2019 6:54am Oct 8, 2019 6:54am
Quoting alphaomega
{quote} "If the markets were NOT random it would be impossible to profit from them." This is actually a very good observation!
True.
If not random, any imbecile could make a fortune
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  • #529
  • Oct 8, 2019 6:57am Oct 8, 2019 6:57am
Quoting TudorIoan
{quote} True. If not random, any imbecile could make a fortune
I think he means if everybody knew to go short, there would be no one going long, zero Liquidity.
Trading thin liquidity at the boundary of the charts
  • #530
  • Oct 8, 2019 6:59am Oct 8, 2019 6:59am
Quoting RickM
{quote} I think he means if everybody knew to go short, there would be no one going long, zero Liquidity.
Well put. Bow you. Logic!
Member
  • #531
  • Oct 8, 2019 7:10am Oct 8, 2019 7:10am
Hanover shared this link few years back, so true words...
http://www.eminiplayer.com/2009/06/l...ul-trader.html

And Linda says something about mindset..
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Click to Enlarge Name: Ed Seykota.png Size: 215 KB
on a postive roll...
  • #532
  • Oct 8, 2019 7:14am Oct 8, 2019 7:14am
yeah, maybe the liquidity providers make it "random".
  • #533
  • Oct 8, 2019 7:22am Oct 8, 2019 7:22am
Quoting Rmg
Hanover shared this link few years back, so true words... http://www.eminiplayer.com/2009/06/l...ul-trader.html And Linda says something about mindset.. {image} {image}
Shrewd words!
The internet is filled with them. Books for noobs!...
There are only two ways, up or down. If they tell you the naked truth, they would sell nothing!

@bubba, Liquidity doesn't matter ...it would be too simple, don't you think?
Member
  • #534
  • Oct 8, 2019 7:33am Oct 8, 2019 7:33am
Quoting Rmg
Hanover shared this link few years back, so true words... http://www.eminiplayer.com/2009/06/l...ul-trader.html And Linda says something about mindset.. {image} {image}
Sure, these things sound nice and positive and make you somewhat comfortable, by giving you some hope.
While in reality they are almost complete BS when it comes to Forex.

The math does not require your belief in the formulas in order for them to work! And Forex is all about math! Mostly statistics and probability theory.
And when the math tells you clearly that the odds are strongly against you - then only the fool will argue with that.

You see, you can argue with the numbers as long as you want.... But you cannot win against them!
If you play a game where the odds are against you regardless of the strategy - then your best strategy is the one which will cause you the least damage.
In the case of forex trading the best strategy is not to trade! Or at least to trade as little as possible until you find something with higher odds.
  • #535
  • Oct 8, 2019 7:49am Oct 8, 2019 7:49am
Quoting TudorIoan
{quote} Shrewd words! The internet is filled with them. Books for noobs!... There are only two ways, up or down. If they tell you the naked truth, they would sell nothing! @bubba, Liquidity doesn't matter ...it would be too simple, don't you think?
It perhaps matters a little bit, without liquidity orders can't get filled. If orders can't get filled commissions can't be gained, and worse of all you deprive retail traders the opportunity of losing money.
  • #536
  • Oct 8, 2019 8:06am Oct 8, 2019 8:06am
Quoting BubaYaga
{quote} It perhaps matters a little bit, without liquidity orders can't get filled. If orders can't get filled commissions can't be gained, and worse of all you deprive retail traders the opportunity of losing money.
Epic!
Member
  • #537
  • Oct 8, 2019 8:06am Oct 8, 2019 8:06am
Quoting josephcom
{quote} This is what I'm talking about. People lie about their success all the time. People think they're making profit by trading for only a couple of months (sometime only few weeks!!!). People dream, people run away from reality, people talk, people ... show me ONE SINGLE SUCCESSFUL TRADER (for at least 3 years in a row) and I promise I'll be the second one.
Hi, this is nonsense. Nobody cares to show you anything and nobody cares if you will be the second or whatever. Thank you.
Double the account
  • #538
  • Oct 8, 2019 8:15am Oct 8, 2019 8:15am
Fade traders stop all the nonsense here, just take a look at Boulder, she is the best.
She collects 10 pips numerous time in a day.
  • #539
  • Oct 8, 2019 11:38am Oct 8, 2019 11:38am
Quoting alphaomega
{quote} The Forex price movement on a tick by tick basis is 50/50 most of the time. And the only exceptions are the news events. But funny enough, the news events are impossible to trade today due to slippage, high cost, and brokers freezing their price feeds and delaying their executions during these events.
In what market is this not the case? Yes, stock markets average 2 to 5 times the ratio of the daily range to the open compared to forex but with 10 to 20 times the spread cost. You think the stock market maker is happy to simply lose money all day so the stock traders of the world can eat? He is so committed to prevent slippage that he will take losses?
  • #540
  • Oct 8, 2019 11:58am Oct 8, 2019 11:58am
Quoting alphaomega
{quote} Sure, these things sound nice and positive and make you somewhat comfortable, by giving you some hope. While in reality they are almost complete BS when it comes to Forex. The math does not require your belief in the formulas in order for them to work! And Forex is all about math! Mostly statistics and probability theory. And when the math tells you clearly that the odds are strongly against you - then only the fool will argue with that. You see, you can argue with the numbers as long as you want.... But you cannot win against them! If you...
Do you actually have any consistent profitable edge in FX, allowing you to gain more than 50% ROI per year, with less than 10% DD?
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