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has anyone EVER seen a successful trader/trading system?

  • #1,001
  • Dec 1, 2019 5:46am Dec 1, 2019 5:46am
Quoting goose4
Technical analysis does not work Here is a good video that shows this. https://www.youtube.com/watch?v=jBpPGAJD7gw
If you are talking about chart reading, then I complete holding back. Chart reading skill till working here!
  • #1,002
  • Dec 1, 2019 11:09am Dec 1, 2019 11:09am
Quoting papamax
{quote} yeap! You got it! You already have your answer.... Give up on your search, stop wasting your life on this random crap... Below more examples of randomness and noise, for those who do not understand what they are looking at... it is all noise and randomness to me {image} {image}
absolute GREAT POST!!!
  • #1,003
  • Dec 1, 2019 11:15am Dec 1, 2019 11:15am
Quoting EXpRINCE
{quote} Hi Joseph...(i will display my graph from one of the accounts i use,its been used for 2 -3 years below infact 2 graphs from one of the 2 accounts i use attached below)...but first and foremost. I challenge all of you reading this to first answer me this question: YOU ALL HAVE BIG EXPECTATIONS WANTING US TO TEACH OR FREELY REVEAL OR WILLINGLY REVEAL HIGHLY PROFITABLE TRADING METHODS/APPROACHES WE USE FOR YOU!!!!>>>BUT NONE OF YOU WANTS TO PAY.!!!!damned...(Said with a Dan Pena voice and cruelty),by the way I love that old dude-don't take...
That's 2 minutes of my life I will never recover......
  • #1,004
  • Dec 1, 2019 11:17am Dec 1, 2019 11:17am
Quoting alphaomega
So here I give you the challenge: Show me a track record or a profitable system which does not use any form of averaging or martingale. Just simple positions with stop and target. In and out. Let's see if you can find such strategy with sufficient sample and positive expectancy after 3+ years.

Yes, I second that challenge.

Anyone with a profitable system which does not use any form of averaging or martingale?
  • #1,005
  • Dec 1, 2019 11:36am Dec 1, 2019 11:36am
Quoting Batuvisser
{quote} Thank you for taking the time, I will not do the same and try to keep it as short as possible. You provide me with one example, but this does not prove your point. I believe that there are too many arguments on why it would or would not work. {quote} To me this is all talk. I did this, I did that, closed a trade here and went long after blablablabla. You know what? I was long GBP/USD 50 lots and closed it for a 750 pip profit. I knew price was going to my fib level there. You want proof? No! It is none of your fucking business. {quote} -...
please explain to what good would it be to show you my real account details , you cant learn from it , please explain to us why we should , you cant i bet and if you say i would have your respect , it means nothing to me you just another scammer maybe , you did not make me any money you did not do any thing
people leave, but this thread will go on for ever
  • #1,006
  • Dec 1, 2019 11:40am Dec 1, 2019 11:40am
A buddy of mine is super anti martingale and is convinced 100% that everyone touching marty will blow up sooner or later and of course he is armed with Nassim Taleb's book which I reviewed and found it to be semi fictional.

My buddy's main way of trading (he has mentioned it many times, so I am not giving his secrets away) is using chart patterns. I think he has mentioned Gartley pattern before and is an expert in spotting it without any indicators or tools and thinks everyone should as well. He thinks most ppl get it wrong and that may be the reason it doesn't work for them.

I am mentioning this as a lead to something I know that apparently is a successful method and doesn't involve marty.

Anyone knows more about this or another system as per the challenge?
‏
  • #1,007
  • Dec 1, 2019 2:03pm Dec 1, 2019 2:03pm
A pattern by definition is a “repeatable model”.

A system is usually a behaviour based on a “repeatable” pattern.

A "successful trader" by definition then would be one who (usually & only) employed repeatable tradeable patterns - THAT LEAD to profit.


If a simple repeatable successful pattern was just sitting out there then quants would likely have found them and the word of this probably would have slipped out of the rooms where they are employed.


But if a pattern provided just a basic 50/50 chance of success then a retail trader who found a way of FILTERING that pattern, by observing what happened AFTER THE PATTERN (on a greater than 50/50 percentage) and employed only the “pattern WITH filter” then they might well become successful.

Also, and counter intuitively, if a trader found a pattern that provided a mere 20% chance of success repeatedly, but then DID THE EXACT OPPOSITE, then they might also find some repeatable success.

So in the end it probably looks to me like the TRADER themself will determine their own success in regards to any repeatable pattern, rather than the pattern itself.

In light of that assumption it might be best then to find OUR own repeatable pattern/s rather than utilise common patterns. Though it is quite likely that it is AT/AFTER a price/time intersection of these common patterns where some real action/volatility in the market might "initially" take place.

Just some personal observations only on this (pointless, maybe) topic of whether someone has actually SEEN someone or some trading SYSTEM be successful.

Find your own, and own it, is my simple take from all this.
  • #1,008
  • Dec 1, 2019 2:57pm Dec 1, 2019 2:57pm
Everything in this domain is in your brain, people think they are risk taker when they ain't. Trading is about accepting risk, nobody on earth can predict a market, so how do you win ? By accepting that fact, facing the truth of being wrong is key to succeed in this area, there's no system or what so ever. It's all the same thing, support/resistance/trend/fib or whatever you like to use. The difference is your mindset to get in the flow. The market present its information in a neutral perspective, in which people has to lose so that others can win, its zero sum. Understand that and you will start to be in the flow, being in the flow is similar to athletes, its a zone of your brain where nothing can stop you from doing what you know to do. No emotions, no questionning, only execution. Every great trader loves to lose money, they appreciate it in a way 95% of population doesn't. They appreciate it because they know that it is the game, they know that if they lose, its because their risk went the other way and they accept it instantly, adjust and execute again. You don't need to know what is going to happen next in order to make money, there is a random distribution between wins and losses for any given set of variables that define an edge. An edge is nothing more than an indication of a higher probability of one thing happening over another. Calculate the risk on that edge, imagine yourself losing that amount and if you are allright with it just execute the trade.
  • #1,009
  • Dec 2, 2019 2:22am Dec 2, 2019 2:22am
Quoting Aussi
{quote} please explain to what good would it be to show you my real account details , you cant learn from it , please explain to us why we should , you cant i bet and if you say i would have your respect , it means nothing to me you just another scammer maybe , you did not make me any money you did not do any thing
You can't read, because I NEVER asked for any proof or account details.

It is just funny that people make a lot of claims without anything to back it up and the fact that people fall for it is even worse. Shows how delusional people are..
  • #1,010
  • Dec 2, 2019 2:59am Dec 2, 2019 2:59am
Quoting Batuvisser
{quote} You can't read, because I NEVER asked for any proof or account details. It is just funny that people make a lot of claims without anything to back it up and the fact that people fall for it is even worse. Shows how delusional people are..
YES I CONCEDE THAT , BUT THATS WHAT YOU MEANT
people leave, but this thread will go on for ever
  • #1,011
  • Dec 2, 2019 5:00am Dec 2, 2019 5:00am
Quoting Aussi
{quote} YES I CONCEDE THAT , BUT THATS WHAT YOU MEANT
Nope, that is wrong. I never ask for proof and don't need to see any because it is pretty easy to actually come up with solid positive results by using a martingale/grid system. The problem is that anyone can be very selective as well, so a scammer can trade 50 accounts, blow up 49 and manipulate people by showing 1 positive account with incredible returns. On top of that a lot of people are fooled by randomness.

Long story short, so called ''proof'' doesn't mean anything to me.
  • #1,012
  • Dec 2, 2019 4:19pm Dec 2, 2019 4:19pm
Quoting alphaomega
So here I give you the challenge: Show me a track record or a profitable system which does not use any form of averaging or martingale. Just simple positions with stop and target. In and out. Let's see if you can find such strategy with sufficient sample and positive expectancy after 3+ years.
That's what I'm talking about. And to add to that, those with multiple accounts each with a seperate b...sh...t (formerly known as strategy!) and then pick up the accidentally-seccessful one to sell to idiots.

FOREX IS AN ILLUSION! end of story
If you can't measure it, you can't improve it!
  • #1,013
  • Dec 2, 2019 5:46pm Dec 2, 2019 5:46pm
go search NNFX
https://nononsenseforex.com/
Inserted Video

he give very good ideas how to ..

don't expect to go in NNFX and find a strategy or a system.
Everything flows. Learn to Earn.
  • #1,014
  • Dec 2, 2019 10:58pm Dec 2, 2019 10:58pm
Quoting Constantino
{quote} So is this r the amount of risk I can increase my current risk to? Or what? Thanks in advance for your response
There was a discussion about that already here:

https://www.forexfactory.com/showthr...2#post10533192
  • #1,015
  • Dec 2, 2019 11:04pm Dec 2, 2019 11:04pm
has anyone EVER seen a successful trader/trading system?

Yes. However successful traders work at banks or hedge funds.
  • #1,016
  • Dec 3, 2019 12:59am Dec 3, 2019 12:59am
Quoting josephcom
{quote} That's what I'm talking about. And to add to that, those with multiple accounts each with a seperate b...sh...t (formerly known as strategy!) and then pick up the accidentally-seccessful one to sell to idiots. FOREX IS AN ILLUSION! end of story
Always entertaining to watch naysayers like you or alpha or Hudi to blame the game for their personal failure to achieve success. A discussion about the attractivity of this endeavour is a topic of discussion. But when I read FOREX IS AN ILLUSION in bold letters I only feel pity for the person stating this. He is a losers, that is the only truth this sentence proves!

But i understand that it may be hard to accept failure.

Long story short:

https://www.myfxbook.com/members/for...ofit-ea/803413

A well known example of a longterm (6 years) trading system without any grid/martingale or other averaging methods. Simple In and Out with TP/SL. But you most likely find any other excuse why this MUST BE fake or scam. End of story!
  • #1,017
  • Dec 3, 2019 5:37am Dec 3, 2019 5:37am
Watch and follow GOLD TRADES LIVE here

https://www.forexfactory.com/showthr...5#post12644745
  • #1,018
  • Dec 3, 2019 6:22am Dec 3, 2019 6:22am
Quoting josephcom
{quote} That's what I'm talking about. And to add to that, those with multiple accounts each with a seperate b...sh...t (formerly known as strategy!) and then pick up the accidentally-seccessful one to sell to idiots. FOREX IS AN ILLUSION! end of story
Yup.... you're 100% right... just look at this scam myFXbook...

https://www.myfxbook.com/members/Ant...y-wins/2743953

I have a very personalized strategy for you... when you're about to click the button... Do the EXACT opposite of what you were thinking of doing. Probably still be a losing trade..

It's more than patterns, and there are successful people in this industry. There are also a lot of losers..
  • #1,019
  • Dec 3, 2019 7:13am Dec 3, 2019 7:13am
Quoting josephcom
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...
Can you show us the video of you drawing these random lines with your eyes closed?

These lines are very straight as if you are using a charting tool like MT4 or MT5 to draw the lines.

Show us the video with you drawing the lines using a free form tool like MS Paint. I don't need to see the tools (the system) just the equity curve (you, blindfolded, drawing free hand lines) so we can see these are random lines,

Thank You
Ecclesiastes 1:9
  • #1,020
  • Edited 11:28am Dec 4, 2019 1:21am | Edited 11:28am
Quoting josephcom
{quote} That's what I'm talking about. And to add to that, those with multiple accounts each with a seperate b...sh...t (formerly known as strategy!) and then pick up the accidentally-seccessful one to sell to idiots. FOREX IS AN ILLUSION! end of story
A profitable retail forex track record is an illusion
And success in retail forex is a
delusion.
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