has anyone EVER seen a successful trader/trading system? | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Successful Trading & Determining the Probability of a Trading System 10 replies

Has anyone ever seen this error message? 2 replies

SwissFXBroker (SFXB)--has anyone ever used them? 39 replies

Anyone ever seen a 'move to breakeven' script? 3 replies

New trading system hard to completely follow... anyone ever have this problem? 0 replies

Attachments: has anyone EVER seen a successful trader/trading system?
Exit Attachments

has anyone EVER seen a successful trader/trading system?

  • #621
  • Oct 12, 2019 11:51am Oct 12, 2019 11:51am
Quoting Koogifx
{quote} if it works for you but your entries will always be late but main thing is making money. So if I were to tell you gj is going to 238.. I can’t for tell anything fundamental wise because the event hasn’t happened. However charts tell the story before the event happens. If you have time watch the news and the correlating chart and see which moves first. It’s an algorithm that makes you chase every opening candle on every time frame. But again if you are making money that’s all there is to it. Cheers. *not meant to sound...
I could have been clearer with my comment, and no disrespect taken. Let's try this: FA move the markets to technical levels. You get paid by understanding how the FA will be interpreted by the market. And, you get paid for having done good TA.
  • #622
  • Oct 12, 2019 1:04pm Oct 12, 2019 1:04pm
Q: has anyone EVER seen a successful trader/trading system?
A: yes

Q: will I say something useful?
A: it's for you to decide

Markets are moved by money and money are moved by people opinions. opinions formed with imperfect information and imperfect knowlegence fueled by emotion and having in mind future expectations backed by belifes, beliefs that have been written in their brains from young ages.

It's not only about entry and exit, it's more about risk management, money managemnt and position management. In this business is more about trading people opinions than facts or FA/TA, managing abnormal events and uncertainty and be prepared for the unexpected.
Attached Image (click to enlarge)
Click to Enlarge Name: belifes.jpg Size: 106 KB
Price itself it's an indicator
  • #623
  • Oct 12, 2019 1:53pm Oct 12, 2019 1:53pm
Quoting papamax
{quote} All would be very true on a fully random market... Except this is not a fully random market and you CAN have an edge, you CAN find predictable patterns because there are inefficiencies and non-random aspects to the markets that one can take advantage off.. If they were fully random nobody would be able to profit from it, neither banks, nor pension funds, nor governments etc. PS: Tudor, you know Nicola well, so you should know that too.
Hi.
1. TA and PA are not consistent. Because those 'inefficiencies' are not constant all the time. They change to 180 degrees.
Trend is not your friend. Counter-trend neither. Nor the range. There is no possible strategy to contain those three together. And nobody knows which is the next market's behaviour.
Trend hunters get busted by counter-trend players. And both lose against the range traders.

2. Institutional traders are not mainly technical freaks.
They barely work on some primitive technicals like a couple of moving averages and the classical indies.
But the banks feed them significant fundamentals...
Anyway, banks don't rely on Forex...

3. Pension funds are conservative investors. They are mostly in bonds and some equities. Their portfolios contain at most 5% Forex or no Forex at all.

In my opinion, TA has no edge on the long run.
But that doesn't mean we can't see magic jack pots in Forex ..there are lots of TEs on FF showing over 1000% a month
Member
  • #624
  • Oct 12, 2019 2:08pm Oct 12, 2019 2:08pm
Quoting RickM
{quote} The old line Future’s is better than Forex. When you require luck to be profitable trading any market, you better hope your blood pressure is under control. I prefer to trade a mechanical system on a market that requires no luck. I will stick with Forex but thanks for your advice.
LUCK? you should only be so lucky lol yeh luck to many gurus here back to my palace
  • #625
  • Oct 12, 2019 2:51pm Oct 12, 2019 2:51pm
Quoting m3rlin
Q: has anyone EVER seen a successful trader/trading system? A: yes Q: will I say something useful? A: it's for you to decide Markets are moved by money and money are moved by people opinions. opinions formed with imperfect information and imperfect knowlegence fueled by emotion and having in mind... the unexpected. {image}
Good post 🍻🍻🍻

Two things - in forex 50-70% of the moves are triggered by lies, or stop hunt or leaked news or whatever crooked action.😱😱😱😱

It's important to look BEYOND the chart and think :
Who moves this market
Where are retail stops
Be patient , it'll retrace .
Was this move started yesterday (see Aussie, Loonie, Pound).

All liars want is YOUR MONEY. 😨😨😨😨
I'm not talking losers selling books. Taking bank liars .

That's why 75% lose money.😭

Second note - the elephant picture 😱👏👏👏
It's conditioning .
I've seen lions closed in a cell of paper .
PAPER !!!!
It wasn't even painted like a Wall or anything .
Note they were growing up in a real BRICK enclosure , And later moved to the PAPER enclosure .
😂😂😱😂😂😂😂
Had no brain to push it
Beware of robber banks (RB), bad advisors.
  • #626
  • Oct 12, 2019 3:06pm Oct 12, 2019 3:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: rofl.png Size: 2 KB

MarginTrader All Time Return: na
  • #627
  • Oct 12, 2019 3:26pm Oct 12, 2019 3:26pm
Quoting m3rlin
Q: has anyone EVER seen a successful trader/trading system? A: yes Q: will I say something useful? A: it's for you to decide Markets are moved by money and money are moved by people opinions. opinions formed with imperfect information and imperfect knowlegence fueled by emotion and having in mind future expectations backed by belifes, beliefs that have been written in their brains from young ages. It's not only about entry and exit, it's more about risk management, money managemnt and position management. In this business is more about trading people...
Greetings,

Well said i have been reading every post of this thread for past couple of days & this post is so meaningful, i should say Bravo!

Best Regards.
How big can you think!
  • #628
  • Oct 12, 2019 3:28pm Oct 12, 2019 3:28pm
Quoting MaryJane
{image}
probably i am one among them.
How big can you think!
  • #629
  • Oct 12, 2019 3:30pm Oct 12, 2019 3:30pm
Quoting m3rlin
It's not only about entry and exit, it's more about risk management, money managemnt and position management. {image}
As time goes by, I more and more come to the conclusion that it had very little to "entries", but money/trade management. So, yes, I agree with you. Thanx for sharing ...
If you can't measure it, you can't improve it!
  • #630
  • Oct 12, 2019 3:43pm Oct 12, 2019 3:43pm
Quoting josephcom
{quote} As time goes by, I more and more come to the conclusion that it had very little to "entries", but money/trade management. So, yes, I agree with you. Thanx for sharing ...
I had all this at a time and I failed because I had unrealistic expectations. Systems can break even for more than a year. It's hard for most traders to grasp that. Unless you understand this, you will always fail no matter the edge.
When you see it, BET big.
  • #631
  • Oct 12, 2019 3:51pm Oct 12, 2019 3:51pm
Quoting josephcom
{quote} Oscar for idiots Can you show us how different you are from a typical idiot? And would you tell us why you think I am idiot?
your posts i must say gives you the award , regarding your third question just look in a mirror , it will give you all the answers
people leave, but this thread will go on for ever
  • #632
  • Oct 12, 2019 4:02pm Oct 12, 2019 4:02pm
Another Experiment For Better Understanding Technical Analysis Fallacy

Guys, I ask you to open your favourite charting tools (mine is Meta Trader) and place a horizontal line anywhere on your chart (preferably with your eyes closed! Yes, completely blindly). If you like you can place more than one line with some space between them.

Then go back in the chart to see something interesting. Very often, you can see those random lines act as very good support & resistance. Sometimes it's so amazingly accurate that one would think there must be some sort of complicated calculations behind it.

Take a look at the following screen shot to see what I mean.

Then think deep about those talking about Support/Resistance, Fibonacci, Pivot Point, ... What conclusion would you come to? If you think I've missed something please let me (and others) know and discuss here so we can learn something new out of it. Thank you...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 15 KB
Click to Enlarge Name: 2.png Size: 18 KB
Click to Enlarge Name: 3.png Size: 12 KB
Click to Enlarge Name: 4.png Size: 13 KB
If you can't measure it, you can't improve it!
  • #633
  • Edited 6:49pm Oct 12, 2019 4:09pm | Edited 6:49pm
Quoting purevenom
{quote} I sell goods for a living...profit only can be seen after the fact.we might calculate cost of production etc.but we don't know how many we can sell.we look at history, like a chart and expecting pattern to repeat it self..like 'we sell 10 pcs today.we might sell 10 tomorrow'.but we can end up selling only 3 or even nothing, and goods expire. If you go to a market.most of them are just floating too survive too.because they don't do leverage so they float longer. Would you see your self selling fish in the market? bargaining the price from...
You don't understand... at those points (time ranges), when MAs are forming at the last candle, they constantly change up and down depending on real-time PA, without any clear direction... and beforehand, nobody knows the final extension/duration of the current trend.

EDIT:
And global FOREX markets involve much more variables that any other market or even all others combined... hence a lot more than just "selling certain goods/services at the supermarket, grocery store, some office, other places or even online; basically any physical market or markets delivering physical/digital goods"... so it's not a suitable analogy.

By the way, I'm not stating it can't be done or to what level, neither talking about stock markets. So please pay better attention next time.
  • #634
  • Oct 12, 2019 4:34pm Oct 12, 2019 4:34pm
Quoting Viktory
{quote} You don't understand... at those points (time ranges), when MAs are forming at the last candle, they constantly change up and down depending on real-time PA, without any clear direction... and beforehand, nobody knows the final extension/duration of the current trend. EDIT: And global FOREX markets involve much more variables that any other market or even all others combined... hence even a lot more than just "selling certain goods/services at the supermarket, some place or online; any physical market or markets of physical goods"... so...
lots of traders do not understand about trading i followed different candles , friday i did 84 trades all winners , a lot people traders who conform to a longer term trade have all the problems of thinking analyzing putting so much time into the trade , that the trades have come and gone ,
people leave, but this thread will go on for ever
  • #635
  • Oct 12, 2019 4:41pm Oct 12, 2019 4:41pm
Quoting Aussi
{quote} even you dont understand about trading i followed different candles , friday i did 84 trades all winners , a lot people traders who conform to a longer term trade have all the problems of thinking analyzing putting so much time into the trade , that the trades have come and gone ,
Yes, I believe reliable scalping (especially "market making style" with Futures) must be the most profitable and less risky way of trading...
  • #636
  • Oct 12, 2019 4:45pm Oct 12, 2019 4:45pm
Quoting Viktory
{quote} Yes, I believe reliable scalping (especially "market making style" with Futures) must be the most profitable and less risky way of trading...
as you know mate it does not work for every one , did futures long long ago at that time i did not understand them could maybe re visit them now i know a lot more regards from dave
people leave, but this thread will go on for ever
  • #637
  • Oct 12, 2019 4:47pm Oct 12, 2019 4:47pm
Quoting michisuperfr
Here you can find for example some performances over 3+ years https://www.darwinex.com/all-darwins {image}
following a better trader may be an option for some. Finding the best strategy and trader on this site a good starting point. Rather than saying no system is successful explore.
  • #638
  • Oct 12, 2019 5:02pm Oct 12, 2019 5:02pm
Quoting michisuperfr
Here you can find for example some performances over 3+ years https://www.darwinex.com/all-darwins {image}
Quoting Pip-Miner
{quote} following a better trader may be an option for some. Finding the best strategy and trader on this site a good starting point. Rather than saying no system is successful explore.
And look at the performance of the example: something realistic.
  • #639
  • Oct 12, 2019 5:08pm Oct 12, 2019 5:08pm
Quoting Viktory
{quote} {quote} And look at the performance of the example: something realistic.
Yes low risk. Sometimes it’s better to be a manager of different traders rather then trade yourself. A portfolio of diversified traders and low risk strategies.A company hires skilled employees to perform specialised tasks.
  • #640
  • Oct 12, 2019 5:27pm Oct 12, 2019 5:27pm
Quoting Pip-Miner
{quote} Yes low risk. Sometimes it’s better to be a manager of different traders rather then trade yourself. A portfolio of diversified traders and low risk strategies.A company hires skilled employees to perform specialised tasks.
Yes, it can be a way to sometimes profit a bit for the majority of people who can't trade profitable and sustainable (>95%), or can't access to the right hedge fund industry; all at "retail size" level/conditions.

But even those "pro-traders/money-managers", tend to decay for the long term if they don't properly continuously adapt (and it eventually happens to most), while markets keep always changing...
0 traders viewing now