I want to repeat I will NOT be trying to catch any of these falling knives today at any of the levels even if they go past 1%. There are times that I will counter-trend trade but today is not one of them.
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Your and My Lessons Learned Losing and Gaining in Trading 5 replies
things you learned from forex and improved your life 12 replies
The most important lesson’s I’ve learned trading Forex, so far... 15 replies
Disliked{quote} Hahaha I used to smoke weed when I was a much much younger man but all it did was make me super paranoid but good luck with that if it helps youIgnored
Disliked{quote} Hi LDFX We are still waiting for your live trading calls in the trading room. Last night I placed 23 live calls on the thread with 100% success rate. So the question needs to be asked whether you have enough confidence in your trading calls to put them out in front of other experienced traders?. Tick Tick Cheers RickIgnored
Disliked{quote} Sorry to interrupt but you must be the best trader who can make 23 live calls with 100% success rate. I am willing to pay you to watch you make only 10 successful live calls with a profit factor of 2x against your risks/stoploss. I will be thrilled to see your exquisite skill which is worth paying for. CheersIgnored
Disliked{quote} Sorry, hehe. I was high while writing it, so I got confused thinking it was CeeSo who replied to my comment directed towards him, hehe. And I like your "logic", but Market Makers/Liquidity Providers (and higher level institutions [like some big quantitative-algorithmic HFT Hedge Funds], commercial and central bancs) are the ones constantly creating the price/spreads for practically all ranges, hence retail traders moving less than 2% of the total Forex volume aren't really capable of creating any sizable slippage. Furthermore, even with...Ignored
Disliked{quote} Lol, without stop loss and a very very small tp ? I am confident, that is not the problem, it would be if I were to lose my humility, by the way I never claimed anything. As said before, the only common trait that I have found in experienced traders is humility, which you lack tremendously. Just show us a track record instead of claiming what you did last night.Ignored
Disliked{quote} We all suffer from dopamine addiction. Ego and bias are the number one cause of that addiction. I am trying to avoid it like the plague in this thread. It never ceases to amaze me how retail traders will fight tooth and nail to prove they are right and you are wrong. It is an extremely powerful addiction. Ego and bias was and still is a really hard thing for me to let go of and I struggle with it daily. I wish there was some magic pill that makes it all go away but the truth is I just take it one day at a time. Some days...Ignored
DislikedYou have to forgive me but I do not know how to use these forums. I did not ban or delete any one's posts. I did ignore a couple of people but not Bwilliams I think I ignored a guy named Lest because he would not stop trying to antagonize me to showing proof when all the time I have been telling people to not believe me LOL it was getting annoying and I did ignore someone else but I am not even sure what ignoring someone does in these forums.Ignored
DislikedYou have to forgive me but I do not know how to use these forums. I did not ban or delete any one's posts. I did ignore a couple of people but not Bwilliams I think I ignored a guy named Lest because he would not stop trying to antagonize me to showing proof when all the time I have been telling people to not believe me LOL it was getting annoying and I did ignore someone else but I am not even sure what ignoring someone does in these forums.Ignored
DislikedJust to clarify I deleted the posts related to the live trade call I made earlier out of respect for OP. The reason why I made that trade call is to demonstrate in live market what fooled by randomness means. How it affects all of us. The price was falling the whole day and at the time before NFP it struggled to dip below 1.5763 as posted by failinforex post. https://www.forexfactory.com/thread/...0#post13103000 I responded to his post to say that there's a buying opportunity when price dip to 1.5732 support level after NFP news...Ignored
Disliked{quote} Well then I must apologize to Ceeso and the readers, I misunderstood it for an hidden post. CeeSo please forgive me . PS : I still stand by my comments on Rick though. Cheers,Ignored
Disliked{quote} I understand your view, but believe me, it is a reality. A 2% volume by retail traders (if this number is accurate) does not mean a thing though. If it would, then explain me why every single low capitalized retail trader has experienced slippage more than once ? Including you. Also slippage is relative to the stop/tp size. The more capital you will trade the more you will understand this. Cheers,Ignored
Disliked{quote} I hv never doubted his live calls but to gloat about 23 live calls with 100% success piqued my curiosity especially when there is no mention about the risks factor. I even offered to pay him to watch him make just 10 instead of 23 with a profit factor of 2X. I also offered to join him and his gang to make those live calls but he said I have to learn his method first and wait in line to join. Anyway I hv said my peace and put this whole drama behind me. My last post here. Tks n cheersIgnored
Disliked{quote} Lol, without stop loss and a very very small tp ? I am confident, that is not the problem, it would be if I were to lose my humility, by the way I never claimed anything. As said before, the only common trait that I have found in experienced traders is humility, which you lack tremendously. Just show us a track record instead of claiming what you did last night.Ignored
Disliked{quote} Yes you are absolutely right and put it quite eloquently on paper, so why hiding Bwilliam’s post instead of Rick’s ? Which obviously went far above all your qualitative words. We all respected your thread by staying humble, ears opened even though criticizing a bit but nothing like claiming a 90% hit rate in a thread where it hasn’t its place. Aren’t you trying to educate peoples to do the opposite than Rick ? Actually Rick is the antithesis of what you have been saying all along. I am not asking to ban him nor to hide his messages, but...Ignored
Disliked{quote} Of course I forgive you, not that I condemned you in the first place. But Bwilliam had one good post hidden because disliked by the thread owner, which I have no problem in the absolute because it is your thread, your rules. But Rick being able to horseback your thread for commercial purposes while eloquent posts as Bwilliam are hidden... Don’t get me wrong, I am very pleased to see at last a thread that focuses on the main important things, such as ego, dopamine rush, addiction, randomn distribution and probabilities. Which is a reality...Ignored
DislikedSo I promised you guys I would continue with this thread and one of the biggest things I had to accept before I became profitable was the Mathematical Facts that the market is random 85% of the time. This is 1 year of the $EURUSD (trust me when I tell you that all the other pairs are almost identical) What this data is tell you is the market spend 85% of its time in a range plus or minus .50% What exactly does that mean? It means you are getting stopped out a hell of lot of the time if you are using tight stops. !!! THIS IS CRITICAL TO UNDERSTAND....Ignored
Disliked{quote} Hi Viktory, can you remove the commercial thread link pls. It may cause this thread be moved to commercial section if someone report it.Ignored
QuoteDislikedThis is my first forum post but I am not a newbie. I have lost about 300,000$ trading forex over the course of 5 years and it has been a huge struggle, to say the least but I kept persevering and educating myself and this year I am finally profitable to the tune of $130,000. After all this time and stress (and finally a very good mentor) I figured out some basic truths about forex trading.
Disliked{quote} Lmao, another person proving what I'm writing is true. you ain't profitable seeing the rules you "believe" it will be another hit sooner or later.Ignored