Darkness lies one inch ahead..
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DislikedI guess it is matter of opinion. The biggest factor I can see is stop losses. I use them religiously, and since my trades are usually open for a few hours to a few days, they are set fairly tight, between 30 - 100 pips. If you don't use stops and have enough margin to go for a very long time then yes, 100% would be attainable, with the chance of huge drawdown. May I ask how in general you deal with stops? If you are in a trade that falls within all your boundaries, and for some reason completely unknown to you or any other market participants, the market crashes, I can only assume you do not have a stoploss set? Yes, I have read the whole thread, I am not trying to be negative or attack you, simply offering my insights.Ignored
DislikedSkunny,
I'm reviewing my books on Gann Angles, and the most important aspect to correctly draw the lines is to have a chart with fixed spacing.
Are considering it?Ignored
DislikedSkunny,
I'm reviewing my books on Gann Angles, and the most important aspect to correctly draw the lines is to have a chart with fixed spacing.
Are considering it?Ignored
DislikedYou can do this with MT4 using the scale feature in the properties section of the chart when you right click the chart area.Ignored
DislikedScott, thanks for pointing that out. I'm just going trough it.
I don't want to deviate from the main subject, but since Gann TLs have been
mentioned a few times, I thought it was important to mention it since having
a fixed scale is of paramount importance.
HenryIgnored
DislikedIf I missed your question in all of this I apologize and would be happy to answer it if you readdress it. Otherwise I'm clueless(not the first time).
Ignored
DislikedThe vTerminal indicator does not show up on my list of custom indicators. I'm using Metatrader 4, the indicator only shows an MQ4 file, no EX4 file and I'm operating Vista. Any suggestions?
ThanksIgnored
Disliked
What he's saying is, that during that million hours you probably picked up quite a few things that you don't even know you learned. I had the same thought when you said vHands just "programs" your mind somehow. How much is system, and how much is a good mental "program"?
I need to try to explain this without sounding negative, it's just that we've all learned to be skeptical.
For example, there's another thread on here, the guy makes millions per year, and he's therefore got quite a following. The reasons he gives for going long the E/U are basically very unpatriotic political horsecrap that have little or nothing to do with the fall of the dollar, and he uses his audience on here to forward that drivel. He has a very, very, simple "system" that won't work for most traders. And he also has AN UNCANNY FEEL for the market! He rarely posts his calls, but they are so accurate they're described as "freakish" by his followers. He may actually be psychic.
2)I've never seen a successful trader who could say what it is they actually do. In most cases, I don't think they know, there are so many things that are just reflex by now.
Most of the time when I try to integrate something new into my trading, I lose. When I stopped trying new things and just traded my own game, I finally started to win. So even learning can be kinda, umm... I'll have to block out everything I've seen here when I go to trade, until I really learn it for sure.
So, forgive me, and anyone else that questions. We are here to learn and appreciate your time more than you realize.
You don't have to reply to this rant, just keep the thread on topic, that's the only real answer. Show us what you can, when you can. Thank you!Ignored
DislikedSKUNNY, in what stage/stadium are you now?
1. Learning, creating systems, researchs 1
2. Demo Trading
3. Learning, creating systems, researchs 2
4. Live trading
5. Profitable trading
6. Own Business/Trade for a Living, Fund Managing
Why do you like Forex working from home alone?
And how many years are you in this business?Ignored
DislikedSKUNNY, in what stage/stadium are you now?
1. Learning, creating systems, researchs 1
2. Demo Trading
3. Learning, creating systems, researchs 2
4. Live trading
5. Profitable trading
6. Own Business/Trade for a Living, Fund Managing
Why do you like Forex working from home alone?
And how many years are you in this business?Ignored
Dislikedyou have valid points and some of which I've tried to address (failing miserably)
I'll start from the top.
1) most traders fail with other traders systems because they don't understand the psyche from which it was created. Traders often find they do better with their own failing system then with a "millionaires system". All due to the creation process. If you create something you will have an ever loving edge on everyone that tries to follow, thus you look like genius. I don't think I created anything, I believe I discovered something. But what I discovered is sensitive information and needs to be taught from the ground up.
2) most successful traders don't want you to know everything and some have no idea why they are successful. They can't tell you if they don't know or aren't willing to share.
3) Summary: this is why I'm trying to help in this fashion. If I can get a few people to understand what I'm talking about, they can "create" their own "system" that no one else can trade. Last week I was 100%, but it doesn't mean I can get you there, you need to get you there. I could lay down a system tomorrow that would make 50% of traders successful and I would have no particular reason why the other 50% failed. The people that understand what I'm actually trying to teach will be 100%, with me.
Remember I said, you need to wipe your slate clean, most of everything you've learned is incorrect. Until you do this, the diseased information in your brain will eventually over run the truth that sets you free.Ignored