Trading Journal (only my take)

And so the show goes on....endless repetitive drivel in most cases. Saying the same thing over and over and over. The same serial posters....mostly red flags....all saying the same thing day in day out. I find it amazing that someone can generate thousands of posts and yet fail to deliver their message. There are a few in particular who must have spent half their life posting crap and still saying the same stuff lol.....these muppets don't seem to be able to get it through their dumb heads that if someone hasn't got it by now after thousands of posts....whatever crap it is they're trying to deliver.....then they will never get it.

It clearly suggests of course that none of these reds actually trade real money and are here for the novelty factor in some form or other, because if they did, then the last thing they would be interested in doing is endlessly posting bs and would instead trade real money to make real money!

Simple and interesting chart.

This forum is still the number one hotbed for fantasy bullshitters. Scores of examples each and every day of some muppet telling the world how great they are.....is it ego insecurity, or the need for recognition.....probably all three I'd say.

Take the guy claiming that his trading method is returning thousands of pounds per day, I won't mention his name....is he some kind of idiot or what to think that anyone believes his trash, he's certainly not all there and obviously lives in a delusional state of mind which hasn't deterred him one bit, and thousands upon thousands of posts down the line this muppet is still banging on about it....most people with half a brain can figure out that this idiot craves attention and that is all. He is not the only one out there of course, but he's up there with the best of them when it comes to delusional ego that's for sure!

People should only ever take note of posted trades that contains a chart clearly showing entry, stop and tp.....at the time the trade is taken, if not before in the case of pending orders.

The reason is simple....if someone is not on this site to brag but to instead help and genuinely educate, then what I've said applies.

On the other hand, if someone is out to brag about their demo account then they will post TEs and the like only.....just to tell the world how great they are (in their tiny little delusional world that is lol).

Make your own minds up on what I've said before being hooked is my advice.

Con merchants everywhere you look....

All for some reason bullshitting everyone with hindsight crap.

There's a guy I saw recently telling everyone his analysis rubbish. What a joker...it normally goes along the lines of price could do this, but if not it will do this, but it depends on this. Then tells every idiot listening that he was right afterwards....lmao.

He's English (as I am) judging by his midlands brummie accent which makes it twice as bad....cos normally it's crap from an ethnic majority on here!

If all these idiots posted their trade in real time with clearly defined entry, stop and tp levels so that there is no doubt what they are saying, and they did that for 10 or 20 trades in a row, then people could easily see whether they know what they're talking about or not based upon the success rate of the posted charts and the proportion of wins/losses.

That will not happen in brummies case I guarantee, and it won't happen in any other bullshitters case either, because they simply aren't good enough to dare post live trades in realtime which are clearly defined levels on their chart....people never have done so and they never will.

I have zero sympathy for all the muppets that fall for these con merchants...and if someone can prove me wrong by doing exactly as I have just said, then I'll salute them....but we all know that aint gonna happen...so wake up folks and do a bit of thinking....you never know, something of what I say might end up resonating with you..... lol

Further to yesterday.....

If someone really thinks that they are that good, then presumably they would have no hesitation in posting, with at least 10 live trades in real time with clearly marked entry, stop and tp levels on their posted chart for all to see. This would be their evidence and proof that a trade was taken.

Their chart would not need to contain anything other than the levels mentioned. Their method and analysis would be completely irrelevant at that stage. The only objective initially, is to see what their result are after at least 10 trades, and that is all .

Anyone who produces a 70% success rate or thereabouts after the 10 trades minimum has completed I would say is a competent trader and worthwhile for others to follow.

Timeframe traded doesn't matter, it could be 1 minute or daily because the whole point is to see who can perform and who can't irrespective of t/f. The analysis after 10 trades minimum is the proof of the pudding

Realistically, 10 trades could easily take 1 or 2 months to complete, that doesn't matter, because the idea is to see who is a genuine trader and who is full of crap, which this exercise would find out.

Most are hindsight traders, or making analysis from historical charts which is bullshit of course.

There would bound to be those that have excuses why this or that wouldn't be representative etc etc. They would be part of the bullshit group, so they don't matter anyway.

The only real issue I can see is who would be prepared to start a thread with all of that in mind, and which is reasonably trackable for all to see easily enough. Personally, I won't, but whatever happens, you can be sure that what I've suggested (more than once) would sort the bullshitters out once and for all if something along those lines was implemented.

Food for thought if nothing else....but I'm sure I'm not the only one who's sick and tired of all the shite posted from so many so called experts....lmao

I'm not personally interested in anyone else's approach until I have seen enough of their live trades in real time clearly labelled with their entry stops and tp levels only on their chart. I don't need to see and don't want to see anything else other than their clearly labelled entry, stops and tps, that is all that matters initially for at least 10 trades. If they are achieving a 70% success rate or thereabouts, then I would take note and become interested in their approach, because they would have then demonstrated to my satisfaction that they do actually have a real edge. This means that being interested in their approach is secondary....the results beforehand are the most important for me to see whether anyone is potentially wasting my time.....which let's face it accounts for 99%!

I attach a UC 4hr chart of a short trade I've taken. It's currently running against me as can be seen, and I obviously cannot be certain what the outcome will be. The point is though, the chart is clear to see my entry, stop and tp levels, which are the only things anyone should have any interest in, the trade can then be easily tracked by anyone interested and the final result then becomes clear and obvious as to whether it was a winner or a loser.

If I did that at least 10 times and it was found by a viewer to contain 70% or thereabouts success, then I would imagine a viewer would be more than keen to find out how I'm doing it.

Just to be clear, I am making a point that is all, in that rubbish generates rubbish and attracts even more rubbish. So, someone trying to make a name for themselves or big themselves up etc, needs to prove what they can do first by following the steps I've mentioned, and then the public can decide easily enough for themselves then whether someone is genuine or full of crap simply by looking at the trade results.

Based upon what I've said, results are initially more important for any viewer imo, so that they can see both the details clearly on a chart and see the progress before wasting their time listening to mumbo jumbo lol.

It is noticeable that those that seem intent on promoting a system (for whatever reason!) always do it back to front, ie laboriously explaining their system before they have proved it with at least 10 trades clearly marked that can be easily tracked.

Furthermore, if those results show a 70% or thereabouts successful outcome, then and only then should a viewer be sufficiently interested to enquire about the approach. This will save a hell of a lot of wasted time for the viewers imo.

Anyway those are my recommendations to anyone reading this for what it's worth.

I predicted a while back that EU would be a fair long candidate, and I took a trade recently based upon my assessment and which has now moved quite nicely for me. The trade is safe at +50 locked.

UC is also a fairly recent trade that I posted and that too is now safe at +100 locked.

In both cases there is a reasonable chance to lock in more....but no guarantee! and depending upon how the markets move, I may even be able to add a position or two to these. The basic charts below illustrate both cases.

Re above live trades

UC short trade was stopped out at +140

EU long ongoing at present. Stop locked in profit currently at +140.

Personally, I prefer to use the stop as my exit, the TP level isn't therefore absolutely necessary to have on a single position, and this way means that I can't be disappointed by leaving too much on the table by exiting too early, because the stop will do it for me.

Everyone has their own way to manage a position of course, many get excited when seeing a trade in fair profit and simply exit at that point. I have set profit targets only if I have multiple positions in play, and the last open position in my case will always need to be stopped out for me to exit the trade....thus avoiding any disappointment I've mentioned of exiting too early.

EU trade in play shows this.

I guess anyone who viewed my recent posted live trades and charts would have seen that I collected decent returns on both of them. The trades were clearly defined in real time with no ambiguity whatsoever.

If I chose to do that for a series of trades, and a similar outcome resulted, then people would obviously be more than interested in the approach.

This is the simple message to all those who are either already heading up a thread or are thinking of starting one. People need to see your entries etc in real time on a chart in order to eliminate the hindsight bullshitters that clearly form the majority on these kind of forums.

Lets face it, a 10 year old can post a successful hindsight bullshit trade, and unfortunately it's those kind of morons that post the most, and which invariably leads to novices being completely suckered in to following a bullshitting con man/woman, and I could easily name a dozen or more threads where this is happening right now, and sadly all with some kind of reputation, which has been formed upon nothing more than hindsight crap.

So, in summary.....to all the bullshitters out there trying their con tricks.

Post trade in real time with clear and unambiguous level
Method description is simply not required at the initial stage
Do that for at least 10 trades
Then and only then let others decide if your results from non-hindsight trades are sufficiently worthy of closer inspection
THEN explain the approach taken, because presumably, starting a thread in the first place was to attract subscribers for whatever motive a thread starter might have!

The above is not rocket science....lol

I have written my thoughts views here.
https://www.forexfactory.com/showthr...0#post12874040

I have posed 10 live calls challenge to some supposedly expert or master traders. The response is always the same, excuses. No master has yet be brave enough to post 10 live calls. No one. Zero.

I have made live calls on this forum. Just check my history post. If I challenge others I challenge myself first. There's no reputation to defend, simple right or wrong outcomes. I'm no master trader, just average Joe like everybody else with zero intention to build reputation. Those supposed master traders have deceptive motive to maintain giant popular threads to build their forum reputation - look at me, see how good I am. Commercial intention always. You've got to be idiot not to figure that out. This forum have plenty such idiots.

To anyone who wish to gain master trader reputation to teach others, do it the right way. Put yourself up for public scrutiny with 10 live calls. Accept criticisms that come your way.

There are thousands of ways to trade, some better than others.

a) Is there an only way - no b) is there a best way- yes c) is there a holy grail - depends on definition

The conclusive answer to all 3 questions always eventually boils down to one word....belief.

This site and others alike seem to easily convince the unwitting of a multitude of approaches, where the posters/sytem creators all seem adamant that their approach is the be all and end all of trading.

There is of course no one way to trade, but there will be a best way per individual. Regarding a holy grail, well so long as a trader is making a consistent enough profit, then it can be considered his/hers hg.

Thereafter, whatever way a trader trades they must have that vital inner quality, which can only be based upon proven results...belief in their own approach!

I'll see about posting another live trade in real time next week maybe just to keep me interested enough here.

The first half of most weeks don't usually yield much, a few pips here and there. Swing trading the h4 and d1 becomes viable so far as I'm concerned Wednesday onwards. Intraday in the early part of the week is the only time that I'll take on a lower t/f ie m30 or h1, and look to get 20/30 pips or thereabouts.

By that time Wednesday ish, the markets start to reveal what it's real intentions are and often provides the opportunity to take a longer term position. It's very similar to some competitive sports and card games. A good hand in poker for example or a chess players real objectives are never telegraphed too early for obvious reasons, and the same is true in trading.

In other words, what would appear to be the obvious play is rarely so!

A quick visit here shows the same story every time.....garbage repetitive serial posting from virtually every thread.

One though to be fair appears to stand out because the thread looks like it posts trades only in real time, which is what I've always been interested in seeing, as opposed to the 99.9% hindsight rubbish seen every day/every hour with everyone winning...what a joke!

The fact that the results of the real time trades there are not that inspiring, is irrelevant so far as I'm concerned, because at least it seems they are trades posted in real time, and as such the results obtained are a reasonable enough reflection of their rather average success .that an average trader can expect at best.

No other thread comes close to realism, and it is that realism that aspiring wannabe traders can learn the most from, mainly from the failed trades posted ironically enough, because there will definitely be more losing trades than successful ones....that is the nature of being prepared to post in real time. So fair play to that in my book!

Been a while so decided to pop in. The usual huff n puff...mostly re-inventing the wheel one way or another.

Simplicity should always be the way to go in my book. Identifying a set up as easy as possible is my priority. Of course a number of conditions need to be met, but so long as the chart remains fairly clean and clear, then an entry decision is a lot easier to make.

A recent thread I noticed has those basic ingredients, which will naturally reduce any ambiguities in the entry decision making part of the process. His cross over rules are very clear and it could be interesting to see how it plays out in the long run. His parameters, whilst equally clear, would not be my choice, and I noticed one of the members noting the same thing. But, hey, if he ends up being long term successful with it then who can argue. Ultimately, he has a clear and simple strategy and they are the best!

There's no obvious direction to most instruments these days with all the geopolitical stuff that's been going on for a fair few months now, making it a brokers paradise

Adjustments become necessary to most established trading plans, including mine.

I'll post some trades over the next couple of weeks, using an hourly t/f in the main, the reason being that I don't foresee the up and down market movements changing much any time soon, so it becomes more a case of getting in and getting out as safely as you can whilst trying to get the balance of making more profit of course than loss.

Enough talk for now. I'll post a trade or two in a couple of hours or so.

EJ pending sells

EJ above no trigger...trade scratched.

CJ 2 pending order buys

CJ no trigger...trade scratched.

Retraces are one of the necessities for my entries which hasn't occurred the last 2 days for both selected pairs.

Doubt I'll be looking today...prob will Monday though.

UC 2 pending sell orders