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To be successful... cut out the noise

  • #41
  • Dec 25, 2019 8:40am Dec 25, 2019 8:40am
Quoting j12
People follow people with no solid proof of what that actual person is saying.
Quoting j12
What confuses me is why do people put so many indicators on charts?
Quoting KeenPips
But realize that simplicity comes with experience.
Quoting Guiyee89
I would just wait for the most obvious opportunity my eyes can spot even if I miss many opportunities.
Quoting j12
I do not care about gurus who post all day long without proving themselves with a trade explorer.

Sums it up nicely.
Everyone can see the chart, but only a few can actually read it.
  • #42
  • Edited 10:22am Dec 25, 2019 10:02am | Edited 10:22am
Quoting j12
Something I wrote yesterday Another quick thing that kinda of annoys me is that if you're going to show people a system or try to teach people. Then why not use a trade explorer or a 3rd party to verify what you're trying to teach? Or am I being silly??? I understand people might be private about showing how much money they are trading etc but you're posting to show people a system no? No one is asking to show you money values, you can show just percentage right?? You have a brilliant system, you have a brilliant indicator, you have a brilliant...

Hahah buddy I think exactly the same. If you are going to apply for a job, don't you have to prove your value so they can decide if you are good enough to hire you???
Isn't it the same for people who wants to sell you a small 1 on 1 course to teach you how to trade? Don't they have to prove they are profitable???

Let me tell you a short story.

When I was almost new at this Forex world some years ago, with an old account in fxfactory, I had a discussion in a thread from a guy who supposedly created that space because he wanted to share his view of the markets and methodology of trading to everyone, just for helping people who wants to become profitable. So far all good...

Then of course he started talking about how Pro he is, how he worked with the big guys and mastered the Forex Market over the years. After a few pages of reading his posts I got captivated and wanted to know more, so I sent him a Private message..

After a few chats with the guy, the commercial aspect appeared... If I wanted to know more about his trading, he had a series of documents that I could purchase for some cash. Or I could pay for a small course of 8 classes..
I have always been very skeptical but I thought, Ok maybe the guy worked really hard for this, it is okay if he wants money for his hard work... So I asked for proof that he was being profitable, and that's when he started giving all kind of excuses on why he didn't use any track system to show his trades..
I insisted that he could use a Trade Explorer and just show his % ... But he didn't want to use it.. He kinda got offended and was trying to make me feel bad for judging him...

I ignored the thread thinking "Ok, this ain't gonna last when people realize this guy ain't profitable"... Well I was wrong. The thread has been active for 5-6 years, still going..

I think it was the 2nd year of this thread when I checked it again, and I saw posts of his "students" thanking their "guru" for teaching them and showing them the way to success... Yet, no proof of profits not even from the "guru". So I decided to made a public question to this guy asking for a Trade Explorer or MyFxBook, since he was offering documents and courses in exchange of money...

As expected, his "students" got very upset... "How could I be so fool to disrespect THE MASTER" asking for proof... Of course, the "guru" said he dind't have to prove me anything, no one was making me buy his documents or classes, and if I didn't believe him after all the "Information and knowdlege" he shared in the thread for free... it was my problem...

So then I provoked the "students" and told them to shut me up showing their Trade Explorer proving me how succesful they became thanks to their "MASTER" ...
Of course, no one did...

People wants to believe in "systems" to make money so badly.. that they don't even ask for proof to this "online gurus"

I always wanted to share my Trade Explorer, but I always thought that I needed at minumum of 1 year to actually proof something..

So it's very nice to finally find someone in this thread who is not afraid of showing his Trade Explorer!!

Cheers,
Will.
  • #43
  • Dec 25, 2019 11:04am Dec 25, 2019 11:04am
Quoting Guiyee89
{quote} Hahah buddy I think exactly the same. If you are going to apply for a job, don't you have to prove your value so they can decide if you are good enough to hire you??? Isn't it the same for people who wants to sell you a small 1 on 1 course to teach you how to trade? Don't they have to prove they are profitable??? Let me tell you a short story. When I was almost new at this Forex world some years ago, with an old account in fxfactory, I had a discussion in a thread from a guy who supposedly created that space because he wanted to share his...

A brilliant post here, I agree with you strongly & people do not like to be challenged. The thing is people are not challenging you to try to make you look stupid, or to make fun of you in front of other people. I'm sure any decent person on here does not want to do that. Sure you'll get a few trolls as you do with anything, but I believe the bulk are not like this.

People are only asking you because they're interested in what you're saying, in what you're teaching. If they are investing their time in you, then please just be humble & don't lead them on. If you don't have no proof, is it even a system or a method of trading?? Show at least 2 years on a live account what you're trying to teach others.

The gurus I feel just want you to boost their egos. You have 100s of people relying on you. You hold the key to this person's success, and this person feels they need to respect you or you won't teach them the way to make money in Forex.

I would respect someone a lot more if they just said, look I THINK this might work, however chances are it probably won't, I don't have enough forward data, I've not tried it myself. I see countless pages with 700+ pages of people posting & not 1 person, I repeat not 1 person with a trade explorer to confirm. You'd think over 700+ pages someone from page 1 or even the poster would have the data by now no?? Or am I just being stupid??

Why has it even got to 700+ pages, it makes no sense...some poor guy, has read from page 1, exactly like how I did when I first started.

This is not a way to success, if you're following a person that's doing it constantly, I repeat constantly, in a real live situation, in real market conditions, with real money, then it's a whole different scenario.

J
J12
  • #44
  • Dec 25, 2019 11:31am Dec 25, 2019 11:31am
Quoting Guiyee89
{quote} Hahah buddy I think exactly the same. If you are going to apply for a job, don't you have to prove your value so they can decide if you are good enough to hire you??? Isn't it the same for people who wants to sell you a small 1 on 1 course to teach you how to trade? Don't they have to prove they are profitable??? Let me tell you a short story. When I was almost new at this Forex world some years ago, with an old account in fxfactory, I had a discussion in a thread from a guy who supposedly created that space because he wanted to share his...
Also I hear the people they will say, don't read it if you don't like it, or don't follow it if you don't like it. But you're putting it out there to be read. So if someone is gracious to give you their time, then just be humble & try to explain to them. Without trying to be a know it all. Or even getting offended as soon as someone questions you.
J12
  • #45
  • Dec 25, 2019 12:39pm Dec 25, 2019 12:39pm
for the past 4 years I have stopped following the gurus, was the best decision of my life.
I have been profitable ever since
  • #46
  • Dec 25, 2019 1:33pm Dec 25, 2019 1:33pm
As I said before only 2 things matter to me, I said it in one of the first few posts

The things I care about

  1. Profit
  2. % Growth


For the chart lovers I have attached 2 charts from MyFx Track Record Verified Live, and the consistency, which is so important to be successful, without this you have nothing. Consistency over 4 years almost shows good progress once noise has been cut out.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2019-12-25 at 19.07.32.png Size: 192 KB
Click to Enlarge Name: Screenshot 2019-12-25 at 19.07.04.png Size: 215 KB
J12
  • #47
  • Dec 25, 2019 1:48pm Dec 25, 2019 1:48pm
usdx what is your opinion. since this is
moves the world.
  • #48
  • Dec 25, 2019 2:09pm Dec 25, 2019 2:09pm
Quoting tiborf71
usdx what is your opinion. since this is moves the world.
Dear tiborf71 I wouldn't be the best to give you an opinion on this I don't have the knowledge and to be honest I don't pay enough attention or even have an opinion to give.

I don't really care about what pair it is, can be an exotic, it doesn't bother me.

J
J12
  • #49
  • Dec 25, 2019 9:17pm Dec 25, 2019 9:17pm
i totally agree with what you guys said here. I got flamed by many when questioning all the thread starters at the trading system section. Most of them got moved to commercial section later on because they had commercial agenda at the very beginning but they just denied it. Telling all sorts of excuses like what all you guys said here.

anyway, i am done with questioning the thread starters anymore after 11 years in this toxic industry. I believe i feel better for myself if i stop caring much about others and all the potential victims out there being scammed by the con artists and the snake oil salesmen. Everytime i saw a thread that smells like bullshit from the start, i try to control my urge to post something because i know that post will get me haunted and attacked by others. And i will keep posting to reply back and the vicious cycle continues. I might as well ignore it and let it be.
  • #50
  • Dec 26, 2019 12:14am Dec 26, 2019 12:14am
Quoting CrocodileRex
i totally agree with what you guys said here. I got flamed by many when questioning all the thread starters at the trading system section. Most of them got moved to commercial section later on because they had commercial agenda at the very beginning but they just denied it. Telling all sorts of excuses like what all you guys said here. anyway, i am done with questioning the thread starters anymore after 11 years in this toxic industry. I believe i feel better for myself if i stop caring much about others and all the potential victims out there being...
It's very true. To earn money here you don't have to pay anyone anything. You don't need to go on a training course. Everything you need is available for free. You don't need to spend time on a trading floor in London. This is the stupidest thing I've heard in my life. What you spend 10 days in a class room the then next 5 days on a trading floor & you become a successful trader??

Does anyone here actually know a person has done that??

It's ludicrous.... Then you question a person trying to influence you & get grilled. You're right this industry is toxic. It's full of people who want to build their egos & make themselves feel good. In fact there is nothing wrong with trying to make yourselves feel good, but just don't do it at the expense of someone else.

In any situation there will be people willing to exploit others with not a second thought. This is no different. People build their dreams up. And someone is there to deliver that dream...oh but it's going to cost you £5k for me to teach you, but you can't question what I'm saying or ask for solid proof, just accept what I'm saying is true.
J12
  • #51
  • Dec 26, 2019 12:44am Dec 26, 2019 12:44am
Doing Forex can give you an income, but you just need to respect yourself & understand what it is you're actually doing.
If you're sensible, stop feeding the egos and learn back from the very start you'll be successful.

This market will keep on giving. There is opportunity after opportunity. I've been in situations were I've closed a trade at a certain point if I had just left it for 5 more minutes it could have gone on alot longer. Or I could have entered a trade at a certain point & got 20%+. I've had this several times. But look at the key word, COULD, we could have all done something, but we didn't. What am I going to do dwell on it? Ohhh dammm I've got 250 pips I could have got 600 pips. No, why because there will be more opportunities all day long.

Just how the market takes most people's money on a daily basis, the market also gives on a daily basis.

Then I'll have the people who would look at my trades & say oh, you've not done that correctly, you've missed an opportunity. Your exit strategy is incorrect. Bro please, pipe yourself down, sit down & have a coffee. Exit strategy is wrong, why?? Because I wasn't able to get the whole trend? Because I got 2% when I could have got 8%. Who cares, I'm not perfect.

If I was actually to question the person advising me, what % did you get sir? Show me, I guess you can probably all guess what the answer will be.
J12
  • #52
  • Dec 26, 2019 12:52am Dec 26, 2019 12:52am
Quoting j12
{quote} It's very true. To earn money here you don't have to pay anyone anything. You don't need to go on a training course. Everything you need is available for free. You don't need to spend time on a trading floor in London. This is the stupidest thing I've heard in my life. What you spend 10 days in a class room the then next 5 days on a trading floor & you become a successful trader?? Does anyone here actually know a person has done that?? It's ludicrous.... Then you question a person trying to influence you & get grilled. You're right this...
actually, i would not mind paying for education. PROVIDED the education is worth it. The most ridiculous thing in this forex teaching industry is this:-

It takes only 1 min to set up a trade explorer or any third party trade trackers. And yet, how many live explorers are out there from all the thread starters in the trading system section? And from there, how many are live ones with legit brokers? And how many lasts for over 6months/1 year time? And most importantly, how many are out there making over $1k to $10k profits actually? Anything less than that is basically just an illusion. For example, someone trading cents account and getting 1000% growth is really just a misleading thing.

Overall, I understand if you are not willing to share your trade explorers for personal reasons but you cannot claim that you have a 80% winning percentage and be making millions, giving false hope to all other readers. Just be humble and say, " Hello everyone, i just started for 3 months and am still learning, here is how i trade, any comments are welcome."

But no, everyone has to be like, look at my 80% winning system but if you question me about the truth behind, i will flame you or get my cult following readers to flame you.

So back to the topic of education, how am i gonna give you education fees if you don't show me anything? Should i just go to a university that will not guarantee your gradution but you want to collect the tuiton fees first? very ridiculous concept but people are still buying it because people are desperate.
  • #53
  • Dec 26, 2019 1:11am Dec 26, 2019 1:11am
Quoting CrocodileRex
{quote} actually, i would not mind paying for education. PROVIDED the education is worth it. The most ridiculous thing in this forex teaching industry is this:- It takes only 1 min to set up a trade explorer or any third party trade trackers. And yet, how many live explorers are out there from all the thread starters in the trading system section? And from there, how many are live ones with legit brokers? And how many lasts for over 6months/1 year time? And most importantly, how many are out there making over $1k to $10k profits actually? Anything...
Correct, don't claim something if you can't prove it. I personally would not pay anyone to teach me.
Only reason being

  1. The education market is so overwhelming here in FX you don't know who to trust.
  2. And after doing this for so long I see everything you need is readily available for free.

But my situation is different, if I was here now in my first year my mentality would be totally different.

Like you said it takes 2 minutes to set a tracker up. Later on in the day you'll get 5,000 people on the forum, 150 with trackers, 50 on a live account & probably 5 with consistency over a year if that.

J12
  • #54
  • Dec 26, 2019 1:25am Dec 26, 2019 1:25am
It should read, to be successful cut off your nose.
The only system that will work is one designed by and for yourself.
  • #55
  • Dec 26, 2019 1:40am Dec 26, 2019 1:40am
Quoting bloodpoodle
It should read, to be successful cut off your nose.
Lol, why such a statement?
J12
  • #56
  • Dec 26, 2019 2:17am Dec 26, 2019 2:17am
People here at this planet want recognition and attention. Thats most valuable energy. People are ready to work for free or smal salary just get some recognition. Thats why faceboook, instagram etc works so well.. because of "loook at me" needs..

Here the same.. forex is hot topic. A lot of attention from desperate people..

Its not bad to write threads with trading IDEAS. Dont like - dont read and dont subscribe. We all are investors. We invest time and money. Its your decision to which idea dedicate time to dig deeper. You should use demo account for forwardtesting or EA for backtesting. And dont invest in idea without testing it first.

Some ideas here are great. I picked up here in this forum 4 promising ideas. Invested time and made EAs. Backtests were good. Now i went with real money. Some EAs ported to MT4 to publish here Trade Explorers. But mostly my EAs are on MT5 which here is not supported and FxBlue exposes money but money loves silence you know.. will let know authors of threads if their ideas worked out with real mone after some 1-2 years.
  • #57
  • Edited 2:47am Dec 26, 2019 2:34am | Edited 2:47am
Quoting j12
Doing Forex can give you an income, but you just need to respect yourself & understand what it is you're actually doing. If you're sensible, stop feeding the egos and learn back from the very start you'll be successful. This market will keep on giving. There is opportunity after opportunity. I've been in situations were I've closed a trade at a certain point if I had just left it for 5 more minutes it could have gone on alot longer. Or I could have entered a trade at a certain point & got 20%+. I've had this several times. But look at the key word,...

If you look at the chart below, I exited at 0.98963, got 80 pips or 1.2% I could have been in this trade, continued would have doubled to almost 3% or 4% 200+ pips. Does this mean my exit strategy is wrong? Is my risk reward is wrong?

Well firstly for me no, because another pair has given me 4% more. Yes I would have liked to take it all. But I'm not perfect, I can't predict the future. Neither can anyone else. Secondly I don't really pay much attention to RRR.

The pair by the way is USD CHF I entered roughly at the top red line & exited at the bottom, the arrow is all that I've missed & what I'm continuing to miss. The first red line is a bit to high before anyone jumps in and points it out, so I've attached the actual positions. Apologies in using my phone

But I guess you can see the point I'm trying to make.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20191226-082925.jpg Size: 364 KB
Click to Enlarge Name: Screenshot_20191226-084107.jpg Size: 56 KB
J12
  • #58
  • Dec 26, 2019 2:58am Dec 26, 2019 2:58am
Quoting j12
{quote} If you look at the chart below, I exited at 0.98963, got 80 pips or 1.2% I could have been in this trade, continued would have doubled to almost 3% or 4% 200+ pips. Does this mean my exit strategy is wrong? Is my risk reward is wrong? Well for me no, because another pair has given me 4% more. Yes I would have liked to take it all. But I'm not perfect, I can't predict the future. Neither can anyone else. The pair by the way is USD CHF I entered roughly at the top red line & exited at the bottom, the arrow is all that I've missed & what I'm...
wow, you trade Weekly chart? you must be a very patient person.
You have made very good point regarding the overwhelming knowledge/teaching in this FF.
I personally still find the proper knowledge here, as i believe learning from other experience is good option. But of course, we have to be picky, learn from the true profitable trader
There is system in Trading System section which still exist but i know it's just a waste of time, see so many new member still struggling learn that system is just open my eyes, realize how people can be so blind.

It's very hard to find the true guru, there is sentence from fti in his thread, "and no one, sells the goose that lays golden eggs, probably the eggs, but never the goose"
i think that's why we shouldn't hope to find a winning system here. But at least we can pick each puzzle then build our own system.
  • #59
  • Dec 26, 2019 3:45am Dec 26, 2019 3:45am
Quoting phoenix777
{quote} wow, you trade Weekly chart? you must be a very patient person. You have made very good point regarding the overwhelming knowledge/teaching in this FF. I personally still find the proper knowledge here, as i believe learning from other experience is good option. But of course, we have to be picky, learn from the true profitable trader There is system in Trading System section which still exist but i know it's just a waste of time, see so many new member still struggling learn that system is just open my eyes, realize how people...
You've said something brilliant without even probably realising

"wow, you trade Weekly chart? you must be a very patient person."

Listen to be successful here you need to be patient. In any business you have to be patient. Someone on here told me if I'm to prove I'm successful then I need to have 10,000 trades and be winning. I replied to him if I did 10,000 trades I'll be here for the next 160 years. So I'm 35 years right now, putting this in context I'll have to be 195 years old before I'm successful. Brilliant I can't wait till I'm 13

Why the hell would I want to or even put myself through the stress of putting 10,000 trades in? Just why, unbelievable that people believe this. Or even say this to me without knowing how I trade.

There is something called a busy fool, you run around doing 100s of things, yet at the end of it you've actually achieved nothing.
J12
  • #60
  • Dec 26, 2019 3:58am Dec 26, 2019 3:58am
Quoting j12
{quote} If you look at the chart below, I exited at 0.98963, got 80 pips or 1.2% I could have been in this trade, continued would have doubled to almost 3% or 4% 200+ pips. Does this mean my exit strategy is wrong? Is my risk reward is wrong? Well firstly for me no, because another pair has given me 4% more. Yes I would have liked to take it all. But I'm not perfect, I can't predict the future. Neither can anyone else. Secondly I don't really pay much attention to RRR. The pair by the way is USD CHF I entered roughly at the top red line & exited...

Hello good morning

Very intereting point of view of all people here is exiting read about another things not only strategies.

I think j12 you did very well, The market give you some oportunities, some times I enter in a trade and time later i haven't got good feeling wiht this trade and close at breaeven or with lose, and sometimes i have reason and did well and another time I did brong because trade would have been good.

Another time I feel more confident with my trade and I trust the price will go down or up.

I think also is how you feel in this day. It's difficult to explain in english my opinions sorry. They are sensations that I have with the market

But j12 the important thing is that this trade you win, if you can do 4% or 10% is noise, your enter to trade was perfect because you win, and obviously you and me and another thought if i left run I will win more, but how you say at the begining of the thread this type of thinking is noise.

You are doing very well

Cheers
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