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has anyone EVER seen a successful trader/trading system?

  • #801
  • Oct 18, 2019 2:40am Oct 18, 2019 2:40am
Quoting Valerian6
I never seen any indicator that work. I love technical analysis but now its about 2 years i tested various indicator or pattern but none of them works almost giveup this time

You are misinterpreting what they are... they are INDICATORS, they are not ATM machines... A lot of them indicate well if you can combine them over MTFs but they are not ATM machines, at least not at the first look..
  • #802
  • Oct 18, 2019 2:44am Oct 18, 2019 2:44am
Quote
I was exactly like you, however the last thing I want to do is making brokers and the people that run FF richer and richer.

You're already making them richer by participating here.... I suggest you stop doing so! It will be a favour to all of us.
  • #803
  • Oct 18, 2019 2:45am Oct 18, 2019 2:45am
Quoting papamax
{quote} To think you would just be able to buy on good news and sell on bad news is naive, and i doubt GEfx means it that way... You need a deeper analysis of the fundamentals involving the currency, not only 1 news. When the news is very good but price doesn't go up what it usually means is that the markets had already anticipated that good news and actually had already priced it before news came in... Or maybe it appears to be too good but sometimes it just doesn't actually mean much change (Scottish Referendum is a good example), lots of people...
There are too many aspects when it comes to FA, it is not doable to gain a solid edge with the sources we as retail traders have. Doing more research and overcomplicating this process will not make you more money, trading should be simple! Besides that the last move happend because of the Brexit deal only, any deep analyses would be useless here.
  • #804
  • Oct 18, 2019 2:53am Oct 18, 2019 2:53am
Quoting Batuvisser
{quote} There are too many aspects when it comes to FA, it is not doable to gain a solid edge with the sources we as retail traders have. Doing more research and overcomplicating this process will not make you more money, trading should be simple! Besides that the last move happend because of the Brexit deal only, any deep analyses would be useless here.

Everything in life "SHOULD" be simple.... But things just are not! Look around the room you are sitting right now and answer it to yourself... How many of the things you can see there and use around you and on your day to day life could you have invented yourself? That's how simple things are.... They look simple when someone else makes them and they can actually become simple for the person who went to the depths to invent it or learn how it works.... But most things are just not simple
  • #805
  • Oct 18, 2019 3:08am Oct 18, 2019 3:08am
it is not easy...to be profitable one has learn about oneself.....and that is a tough business....probably the toughest of all.....one needs to go down where it hurts.....and I agree with the post before: why do I want spend 10 years on it and probably lose my health....well this is were passion comes in.....
trading is simple but is simple is not easy.
  • #806
  • Oct 18, 2019 3:10am Oct 18, 2019 3:10am
Quoting papamax
{quote} You're already making them richer by participating here.... I suggest you stop doing so! It will be a favour to all of us.
I'm sorry to crush your dreams, we feel your frustration. I will leave at some point dont worry, participating on these forums feels like treatment to cure my forex-addiction. Besides that I improvie my English (one year ago I could not speak a single word). Two birds in one stone!
  • #807
  • Oct 18, 2019 3:12am Oct 18, 2019 3:12am
Quoting Batuvisser
{quote} I'm sorry to crush your dreams, I feel your frustration. I
At least you are funny... Have you attempted stand up?
  • #808
  • Oct 18, 2019 3:16am Oct 18, 2019 3:16am
good conversation guys.....keep it like that without mr ego coming to town....

do I have a 3 years positive curve to show? NO sorry, I do not have one but I working on it....

Is forex full of BS? Yes for sure.
trading is simple but is simple is not easy.
  • #809
  • Edited 4:02pm Oct 18, 2019 4:47am | Edited 4:02pm
Quoting Valerian6
I never seen any indicator that work. I love technical analysis but now its about 2 years i tested various indicator or pattern but none of them works almost giveup this time
they do not work all the time.......they need to be taken in the right contest......market condition need to be valued and more.....remember if a pattern fails still is a pattern and a good set up (a failed set up probably occurring in the direction of the least resistance)......an high probability set up taken in the proper market condition has only a 60-70% probability to reach a RR 1:1, for a RR 1:2 the probability are much less.... in a day a major pair offers about 2-3 high probability set ups.....

Many do not have the patience and the stamina to wait and act on them.....

Only my perception.
trading is simple but is simple is not easy.
  • #810
  • Oct 18, 2019 8:20am Oct 18, 2019 8:20am
Quoting josephcom
{quote} Like I said, I'm not a bit surprised to receive such an answer. By the way, I didn't say I'm expecting people reveal their method/strategy. Neither did I say I want to see people's private account size ets. The only thing I need to see is a "curve". Doesn't have to have any numbers in it, just dates. And thank you for your contribution. If I may, I'd like to kindly request you not to argue with me here in the forum cause I believe others aren't interested. You can PM me and you'll be more than welcome. I appreciate your understanding.
Yes Joseph. I do know a system and a trader that has produced consistent returns for over 10 years. PM
Warning: A Dangerous Subversive: 1% of comments CoCed
  • #811
  • Oct 18, 2019 10:19am Oct 18, 2019 10:19am
Quoting Batuvisser
{quote} Imagine to spend 8-10 years? I dont want to imagine this, because it sounds like a nightmare! This is exactly what I mean by, ''it is not worth it'' You make 10 years sound like it is nothing. These traders probably lost a lot trying to become profitable. They missed out on a lot of other opportunities, they wasted 10 years of their time which they will never get back and health problems. Remember that it is VERY unhealthy to sit in your chair all day long, we humans are not made for this, look at the side effects yourself. There are many....

Thanks for the input Batu. I'll point out I think Tony Robbins is a snake oil sales man, and I ascribe more to Ray Dalio's hyper-realism. I don't buy into motivational quotes, and believe solely on research and constant process refinement.

Like many people in this thread said earlier, 99% do fail, but there is a small number that succeed. I like this challenge, and I'm not doing this because of the money (it is a factor, but not the sole one, nor the main one), but because of the process and journey one makes to do this. I'm very process driven, and i've accomplished personal goals that are extremely rewarding, succeeding in this field is one goal i'm aiming for now and it will take a massive amount of self reflection and refinement to see decent results.

I know this might sound like youthful naivete but it isn't. I'd rather 'waste' away my time in something abstract and challenging then trading my time for money. This is a hustle, and I love to hustle. There is a level of uncertainty, but also an aspect of 'you reap what you sowe'. Aspects I find identify with my character. If you don't know why you're doing this aside for money and the 'perceived lifestyle' that social media and the Wolf of Wallstreet' spit out, then you're the 99% that fail. From day one you started off on the wrong foot, and you don't have the 'spiritual fortitude' to get you through the bad times AND the good times.

Just my two cents on why I do this, and I know this deviates from the OP's topic, but we seem to have moved into a free for all on NN and automated consciousness so F it.
  • #812
  • Oct 18, 2019 1:03pm Oct 18, 2019 1:03pm
Quoting Batuvisser
{quote} It is random, because good news doesnt mean price will go up. It is still 50-50, for every instance that price went up after positive news, there is one in which it went down. Otherwise you would ride that move. What you probably did is exit for a small profit and watch price skyrocket (we will never find out, because you guys get offended when we ask for a trackrecord you dont have).
You are a moron. Its 50-50, eh? I probably exited? Do you understand anything?
  • #813
  • Oct 18, 2019 3:09pm Oct 18, 2019 3:09pm
Quoting GEfx
{quote} You are a moron. Its 50-50, eh? I probably exited? Do you understand anything?
Typical behaviour of a loser, immediately goes for the personal attack Even though the GBP move was SOO obvious to you, I'm pretty sure you did not ride it. All you can is talk and believe in your own lies.
  • #814
  • Oct 18, 2019 3:35pm Oct 18, 2019 3:35pm
lol, pot kettle black.

When you grow up you will realise how silly your posts on this thread have made you look.
  • #815
  • Oct 18, 2019 7:39pm Oct 18, 2019 7:39pm
Wow, it's always the same...

Lots of threads go well until they finally get flooded by toxic people, constantly spreading their hate like a disease, non-stop...

Something definitely not random. What a shame...
  • #816
  • Oct 18, 2019 7:47pm Oct 18, 2019 7:47pm
Following Boulder for the last 3 months and it never fails.
  • #817
  • Oct 19, 2019 8:01am Oct 19, 2019 8:01am
Quoting papamax
{quote} You are misinterpreting what they are... they are INDICATORS, they are not ATM machines... A lot of them indicate well if you can combine them over MTFs but they are not ATM machines, at least not at the first look..
for example, i have a pointer that gives a reliable signal only once a month.
and only eurusd works.
lol
  • #818
  • Oct 19, 2019 8:14am Oct 19, 2019 8:14am
Quoting Batuvisser
{quote} Typical behaviour of a loser, immediately goes for the personal attack Even though the GBP move was SOO obvious to you, I'm pretty sure you did not ride it. All you can is talk and believe in your own lies.
I did not give your post the time it deserved, and my reply was incomplete, so I’ll give it a better go now.

First, your reply was moronic, but that doesn’t make you a moron.

Second, your comments about market reaction to FAs is just wrong. The market’s reaction to all and every FA is exactly, 100% (logical, correct, predictable, you pick the right words here). Your problem is, you lack the information needed to follow along with the market. If you can’t figure out that a Brexit deal will help the GBP recover from its lows, then the problem is you, not the market. If you want to trade, think about the next FA coming up in your favorite pair, and ask yourself why good news might cause the market the go south. If you don’t know enough about macro economics to get that, don’t trade around FAs. Wait for the decision and follow along. But, it would be better to think it through ahead of time and to be prepared for the decision.

As for my trading, no secrets there. I have a FF journal that clearly lays that out. An overview of my GBP trading this week: I closed my long-term GBP short trades this week, but did not open a new long-term buy on the GBP. I bought the shit out of the G$ and GY this week, and all my trades were closed on Friday morning. I had 6 standard lots open on both pairs for most of the week and had lots of smaller trades in the 1 to 2 lot size that were open for 1 to 3 hours through out the week. It was a fun week, but I’m not convinced we’re on our way back to 1.4600 yet. I trade with 7 accounts and used them all this week. It was a busy week.

Finally, I don’t publish info on my trading accounts because it’s no ones fucking business. If you can’t figure out how I trade by reading the journal, then you won’t be able to match or exceed my results anyway. I’m not looking for a following or a reputation on FF, outside of the things I post. If you or anyone have a topic you’d like to discuss about the random and magical market, let’s go there. If this is just more bullshit about how you’re not getting it and you want to vent your frustration, then please piss off and stop making stupid statements.
  • #819
  • Oct 19, 2019 2:01pm Oct 19, 2019 2:01pm
Quoting GEfx
{quote} I did not give your post the time it deserved, and my reply was incomplete, so I’ll give it a better go now. First, your reply was moronic, but that doesn’t make you a moron. Second, your comments about market reaction to FAs is just wrong. The market’s reaction to all and every FA is exactly, 100% (logical, correct, predictable, you pick the right words here). Your problem is, you lack the information needed to follow along with the market. If you can’t figure out that a Brexit deal will help the GBP recover from its lows, then the problem...
Gentlemen,

Regarding what GEfx says...

If you really want to learn how to properly trade fundamentals, or at least have a good idea about it, please check @EcoTrader's super valuable already shared knowledge and tips.

Maybe you will understand that it requires much more thought than just blindly trying to "trade the calendar news".

Cheers!
  • #820
  • Edited 8:30pm Oct 19, 2019 4:34pm | Edited 8:30pm
Quoting Viktory
{quote} Gentlemen, Regarding what GEfx says... If you really want to learn how to properly trade fundamentals, or at least have a good idea about it, please check @EcoTrader's super valuable already shared knowledge and tips. Maybe you will understand that it requires much more thought than just blindly trying to "trade the calendar news". Cheers!
Thanks for the link to EcoTrader. Just a side comment: trading FA is risky and difficult, but being a fundamental trader is not so hard. Just don't get out ahead of the FA and don't put yourself in a position where the banks can run you over. It's best to trade with them rather than guess ahead of them. But a point about fundamental analysis is that you have to think through the likely impact of the announcement on the whole economy (good bad or neutral) and be prepared for the banks' reaction. A good print of a fundamental may be bad news for the economy in 6 to 12 months or sooner. Anyway, I enjoy your posts! Good trading!
Edit: Anyone with an open GBP long position over the weekend is in for a rough open. The GBP FA landscape was negative for the weekend and I hope no one is carrying that exposure.
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