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Perplexed - year spent looking for system

  • #121
  • May 14, 2008 5:59pm May 14, 2008 5:59pm
Hi, i do have admiration for both James16 and Soultrader, but in this case the Soultrader's post seems unfair, simply because Soultrader also sells a forex course for GBP 39.99 and had an offer for managed accounts on his web blogsite. so he talks as he is not doing it....sort and short of Spitzer morale.


yep, it's not easy to make a living one way or the other.

Liviu



Quoting soultrader
im sorry James, but the experience oif someone who lives off the $200 a month of other traders isnt worth much to me. No disrespect meant as i'm sure you are a nice guy and there's plenty of money to be made from other traders. But i trade every day real size in these markets and that's the experience im using - your answer was rather patronising.

not to ruffle feathers of course.

question - if that was an 'almost 100% certainty' trade how many hundreds of lots did you have riding on it? did you re-mortgage the house when you saw it? if it was a large trade can we see?, did you call it in your room / site? and if no to any of these why not?

You can show rejection bars all day long and for every one that you show i can find one that didnt work. Hindsight is a wonderful trading system and rejection bars are far away from 100% sure thing - to suggest they are is ridiculous.

However, on saying that I do use rejection bars and support and resistance in my trading, just because i do does not mean that luck does not play a large part. anyone who says otherwise must believe in prediction and we all know where that leads.

rejection bars have the ability to keep losers small and if you've any sense you'll just follow em upwards / Downwards and not have a target. you never know where they'll go and if they don't then you'll still take some pie. Ive even written code the autotrade the things so i'm not saying they are useless. But they do lose and often.

No-one takes a trade thinking 'man i hope i'm lucky' of course (well, not often ), but it doesnt matter how you approach it, sometimes you're the hunter an sometimes the Fox. everything else is just invented in the traders mind - like the craps players who believe they can influence the way the dice fall by how hard they blow and throw.

when talking support and resistance - remember support isnt support until it's held and resistance aint resistance till it's rejected - until then it's potential and even then how far till it really is support and not just a breather? 10 pips? 20? 50?

my rules are like this - don't need a chart - if its going up buy, if its going down sell. if it keeps going up - keep buying etc etc - you get the idea right?

lady luck plays a big part - ask John Henry or Ed Seykota if it does - they'll tell you that if they are lucky enough to tag into the trend then they'll milk that luck as much as they can.

Don't take my word for it - just ask the masters.
Once A Trader Always A Trader.
  • #122
  • May 14, 2008 6:42pm May 14, 2008 6:42pm
Quoting tdion
actually it's evidence of my active efforts in this industry.

which is more than you can show "in the real world."

p.s.) who are some of these mythological traders that won't spend time on the boards? yet again, we have more fabrications of profitable forex traders that have licked the forex monster, but won't join the 95% club at forex factory.
Tdion,

I have read your posts on many of the threads in this forum and it seems the the only thing that comes out of your mouth is negative comments.

If the majority of the people that hang out on this and other forums are just losers, what does that make you since you seem to spend a great deal of time here?

If the Forex market is random as you say and you're finding it so difficult to make any money trading, then why trade? Why don't you find a 9-5 job that is very perdictable.

You like to think you speak the truth about everything and every one, in my opinion, you would rather be right than profitable. So let's just say....your right and be done with it. Now you have no need to post here any longer...you WIN!!!
  • #123
  • May 14, 2008 6:52pm May 14, 2008 6:52pm
Quoting tdion
actually it's evidence of my active efforts in this industry.

which is more than you can show "in the real world."

p.s.) who are some of these mythological traders that won't spend time on the boards? yet again, we have more fabrications of profitable forex traders that have licked the forex monster, but won't join the 95% club at forex factory.
Tdion,

Your delusions of self worth in relation to your posting experience are, well….. I don’t know where to begin.

If we are going to compare stats lets get it all out in the open, I’m known on several other forum boards as “Bear” or “Bearprofits” been posting since I think 03? and been “in the game” a few years before that.

Know what? All that and about $3.79 might buy you a gallon of gas down at the Piggly- Wiggly if you hurry your butt on down there before they raise the price again. I chose to post here as Auxesis and visit these forums as entertainment only. I couldn’t give a diddly rat flip about how many posts or what status I have or am or anybody else for that matter.

There’s a bunch of folks on these boards that know me in the real world, and through my associations in this industry I have had the pleasure to meet and trade and learn from several traders who carve the markets daily like a holiday ham. When you see the real thing you will find that most of what’s tossed around these boards is total B.S.

You don’t know them or haven’t heard from them because that’s the way they want it - and yes most of them will not take the time to visit here.

No, the only thing that matters in this business is profit, period, and exclamation point! , And maybe a set of steel cojones. Leave everything else including your ego at the door.

I’m out’a here.
  • #124
  • May 14, 2008 7:05pm May 14, 2008 7:05pm
yeh, yeh,
Show us your statement on all these profits folks talk about? I have yet to be pointed to one yet. In fact, I have been on FF for 1 year and forex tsd
for three years and not 1 person has shown a statement !. Even if the name was blanked out. I mean, I hear about it? --there are at least 3-4 posters that the only thing they contribute is sales and training-- just in this thread.. oh th promises and the enlightenment. barf. . .... Do you troll the forums and look for more suckers? To me its not about all this feel good crap, but traders saying "look what I did" .. and by george, there are few if any that can do it.
  • #125
  • May 14, 2008 7:22pm May 14, 2008 7:22pm
A "holiday ham." another tall tale with no proof

if you are such a big shot, why bother wasting your time on a sorry peon like me? why give me the time of day, if you are carving huge profits? honestly, a professional trader like you has better things to do.

let's see some live statements..... if you dare (enter excuse here)

Quoting auxesis
There’s a bunch of folks on these boards that know me in the real world, and through my associations in this industry I have had the pleasure to meet and trade and learn from several traders who carve the markets daily like a holiday ham.
  • #126
  • May 14, 2008 7:29pm May 14, 2008 7:29pm
well dave, i didn't want to get personal. the fact is, i have a masters degree in engineering, so my day job pays quite well.

do my observations rain on your parade? there is an IGNORE button in my profile you can use.... that will hide my comments.

sorry, dave, but i will continue saying whatever i want to, whenever i want to. would you rather me talk about how rosy the forex is? how easy it is to take profits? how you will get rich quick? how you will find an EA that you can retire next year off of?

GET REAL. by the way, who the hell are you, anyway?

Quoting ozziedave
Tdion,

I have read your posts on many of the threads in this forum and it seems the the only thing that comes out of your mouth is negative comments.

If the majority of the people that hang out on this and other forums are just losers, what does that make you since you seem to spend a great deal of time here?

If the Forex market is random as you say and you're finding it so difficult to make any money trading, then why trade? Why don't you find a 9-5 job that is very perdictable.

You like to think you speak the truth about everything and every one, in my opinion, you would rather be right than profitable. So let's just say....your right and be done with it. Now you have no need to post here any longer...you WIN!!!
  • #127
  • Edited 8:50pm May 14, 2008 7:59pm | Edited 8:50pm
Quoting tdion
well dave, i didn't want to get personal. the fact is, i have a masters degree in engineering, so my day job pays quite well.

do my observations rain on your parade? there is an IGNORE button in my profile you can use.... that will hide my comments.

sorry, dave, but i will continue saying whatever i want to, whenever i want to. would you rather me talk about how rosy the forex is? how easy it is to take profits? how you will get rich quick? how you will find an EA that you can retire next year off of?

GET REAL. by the way, who the hell are you, anyway?
Tdion,

I have a masters degree too...so what! Does that make you a better trader or even smarter than any one else??? I don't think so.

Your comments won't and don't rain on my parade. I just think you're annoying. I've never seen anything you post as being positive or even the least bit heplful to any one. I am not sure why you waste your time here. Why not start your own thread and stop inflicting your negativity on the rest of us.

Who I am, I am some one with an opinion just like you and I have been around this forum for many years...as noted by some one else here, the number of post on this forum doesn't mean a thing when it comes to trading. If it did, you'd be way ahead of us all.
  • #128
  • May 14, 2008 8:03pm May 14, 2008 8:03pm
ozziedave, ladies and gentleman.

i look forward to years of conflict with you.

here's a link, just for you: http://www.forexfactory.com/search.php?searchid=3278865

it has every one of my posts. the best part is, it doesn't matter what you say! the majority of my posts are helpful, as anyone can see my looking at them. (that's why i'm 1KT)

Quoting ozziedave
Dave
  • #129
  • May 14, 2008 8:10pm May 14, 2008 8:10pm
4xweeezal, tdion.

You’re seeking answers on a forum, where those on the other side of the screen don’t care about what you believe or think or even care about you, Sorry just the facts. Here’s the cold hard truth of the markets, they are an individual, lonely, self endeavor and just like most everything else in life there are only a small percentage that actually excel in any field

It’s you against the market and in this field there’s no 2nd place. Either you extract a profit or it extracts a profit from you. It’s that simple.

You want someone to stand up and say here look at me look at what I did, here’s my pay slip, and this is how I did it. The truth is they don’t care what you think, it doesn’t affect the pay slip, and when the focus is on anything other than the pay slip, i.e. ego fame, vanity then pay slip suffers. Most folks who put in the time and effort to get a grasp on trading just don’t throw out their hard earned knowledge for free. Sorry you just have to figure it out yourself, which is the way it works, cause a trading style that is suited to one persons risk appetite and personality doesn’t necessarily mean that the next person will be successful using it.

I do not troll the forums looking for anything, and I don’t sell squat. I have my own business which keeps me quite busy so I trade part time, live with real money, been doing it for years, and those that know me know that’s true. I trade exactly as I want . I have never confessed to being a big shot, just a mere student of the markets. But what I don’t do is come on these boards spouting opinions as facts.

In 2002 I watched a trader named Currencia, he ran a thread on another board, did live euro calls in real time. Trading single lots the profit was well over 20k for about two weeks trading time. Doing the calls in advance of the market, calling price, stops and targets, along with an approximate time the targets would be hit.

The man did it over and over again, most couldn’t believe it and dismissed it as some type of con, because it can’t be done.

Point is that it doesn’t matter what anyone says, shows or pulls out of their backside, people will believe what they want and will act according to their beliefs.

Whether you believe it or not, there are people who make a good living trading, I know a few and they are as different in styles as east is from west. That’s as good as it gets from me, no names no statements, don’t care…it’s just the truth.
  • #130
  • Edited 2:41am May 15, 2008 2:21am | Edited 2:41am
It is a very humble request that please in the forum post only something that is of value to everyone else. Personal grudges can be dressed in private messages and there is no need to make them public. Likewise, degrees and diplomas can also be disclosed in private messages.

Quoting ozziedave
Tdion,

I have a masters degree too...so what! Does that make you a better trader or even smarter than any one else??? I don't think so.

.
Since everyone is now posting their degrees on this forum. Here is something of interest for you to read how degrees help in trading.
Ralph Vince once did an experiment with 40 Ph.D.s. They were asked to play a 100 trials of a simple computer game in which they would win 60 percent of the time. They were each given $1000 in play money and told to bet as much or as little as they wished on each of the plays. None of them knew about Money management. Only 2 out of 40 had more than their original at the end of the game. Or 5 %. ( statistics match here. 95% lose ) If they had bet constant a $10, they would have ended with $1200. And if they had bet optimally for achieving the maximum gain ( which was to risk 20% of their new equity each time—not recommended here) they would have ended with $7490 ( on average ).....

Most people continue to take the gamble, thinking that the loss will stop and the market will turn around from here. Most often it doesn’t and the loss gets bigger and bigger and gets to a point where the trader is forced to take it and more often than not small investors go broke.

On the other end when people have profits in hand are so afraid of letting it go away that they tend to take the sure profit at any sign of a turnaround even if their system gives no exit signal. It is so tempting to avoid let the profits get away that many investors and traders continue to lament over the large profits they miss as they take sure small profits

Look at the following two scenarios and see for yourself what it means:·

Which would you prefer:

o A sure loss of $9000 or
o A 5% chance of no loss at all and a 95% chance of a loss of $10000.

· Which one your prefer:
o Sure gain of 9000 or
o A 95% chance of a $10000 gain plus a 5% chance of no gain at all.

In the first case More than 80% of the public does not pick the sure loss and picks the risky gamble which works out be a bigger loss (9500).In the second case more than 80% of the population picks up the sure gain which works out to be less profitable (9000) whereas the second option is a gain of 9500.

PRICE INFORMATION IS MUCH PURER THAN ANY SUMMARY INFORMATION YOU MIGHT GET FROM SOME INDICATOR—page 208
From Dr. Van. K. Tharp's Book "Trade your way to Financial Freedom".
  • #131
  • May 15, 2008 2:33am May 15, 2008 2:33am
is it true that tharp doesnt trade?
https://linktr.ee/Soultrader
  • #132
  • May 15, 2008 2:51am May 15, 2008 2:51am
Quoting soultrader
is it true that tharp doesnt trade?
I dont know about tharp but once here in Atlanta I went to a seminar where a very senior trader was as cheif guest. He told me how his son made 49000 dollars on EURUSD trade on NFP news trade. It was back in 2005. In fact on the same NFP I took my first ever live trade on a mini account and lost 150 dollars. When I clicked mouse the first time my hands were shaking. Market went one way then turned around and went the other way for may be 150+ pips. After the seminar he called me and gave me his card and said that he can help me in my trading if I sign up for a course that cost about 900 to 4500 dollars depending on which level you sign up for. I refused and then I saw him again at different seminars and on different occassions. I wished if he told me how he traded or what system he used.

Very lately just a few months back I came to know that he is a telemarketer and he has never traded in his life. I was stunned to know that.

If anybody tries to sell you something, be highly suspicious about his trading career.....
  • #133
  • May 15, 2008 2:53am May 15, 2008 2:53am
Quoting soultrader
is it true that tharp doesnt trade?
Hi Soul,

Yes it is true - in the foreword/acknowledgments of his book he mentions it:

"This book is a product of 15 years of thinking about markets..."

I spoke with someone yesterday who mentioned Bobby Charlton and the question about his goal scoring success - specifically what his secret was to score somany goals.

His answer was: I have no secret - I just shoot at the goal as often as I can.

regards,
daytrading
Enter Signature
  • #134
  • May 15, 2008 3:29am May 15, 2008 3:29am
didnt think so, many of those who teach don't trade - tharp, covel, bain .... booker?

how can you possibly profess to be a guru if you dont trade?
https://linktr.ee/Soultrader
  • #135
  • May 15, 2008 3:41am May 15, 2008 3:41am
Folks..TDion have being here long enough to atleast understand some of the sentiments of what market has taught him..when he says..its random..there must be some truth in it..

The same is for auxesis, soultrader and everyone of us are going through some perception which must be right.

Its the whole makeup of an individual that decides his fate....its not just trade...the reason that we are failing or getting success is the outcome of what we as an individual are ought to achieve..its all karma.

The very reason...you came to FOREX at first place and not apply for working in Google or were getting success selling poultry was decided on your karma.

Don't be too hard on yourself...take it easy and chill out...its all cosmic play...

Sad to say..so many people died in china earth quake and in Burma...how many of them were successful or failures in their life's...Does the universe even cared for any of them and singled out only the failure to die.

If you are meant to be successful...you will be successful anywhere...trading is just an instrument by which your karma acts.

So both the perception, that FOREX could be profitable & failure is true...cos it allows your karma to play out

I had decided to quit forex some months back as i was not getting success here..i took Google adwords as i had good experience in it..but when i started on my own...i failed..

At this moment of my life..im meant to work 9-5, there is no escape...it was harder earlier..when i did not even had a job...so its all Good....im atleast getting spare money now to play out in FOREX..

I'm not caring for any outcomes now...im just letting my karma play out...if im meant to make more money... i will in FOREX or in any other profession.

I have let my karma and my destiny do all the talking
  • #136
  • May 15, 2008 3:51am May 15, 2008 3:51am
good point, when you're dead or in a hundred years it won't matter a toss how much money you made or how well you trade.

live life and chill.

for those who dont know thats about as close as youll get to me saying sorry for the personal digs.

like any endeavor that you dedicate a part of your life to we become passionate about it - sometimes i'm guilty of being too passionate and I cant help but try to point people in what i see as being the right direction.

I mean no offence by any of my posts, just transferring my passion and experiences. what works for one doesnt work for another - hell if it did life would be boring and the markets would never move.
https://linktr.ee/Soultrader
  • #137
  • Edited 4:31am May 15, 2008 4:15am | Edited 4:31am
Quoting soultrader
is it true that tharp doesnt trade?
SoulTrader you never reply to this post by Liviu

Quoting Liviu
Hi, i do have admiration for both James16 and Soultrader, but in this case the Soultrader's post seems unfair, simply because Soultrader also sells a forex course for GBP 39.99 and had an offer for managed accounts on his web blogsite. so he talks as he is not doing it....sort and short of Spitzer morale.
Quoting Liviu


yep, it's not easy to make a living one way or the other.

Liviu
Actually I visited your blog and I found this:
The cost of the room is a measley $20 per user per month. The room has screen sharing, whiteboard, voice broadcast, shared browsing etc
What is the difference between this and what james16.

One is sure of his services and charges higher, and the other is not sure of the quality of his service and charges cheaper.

Why should some pay for chat rooms when there are free forex forums like Forex FactoryIs the same thing as asking why should someone pay for a training course when they can get one free from public forum or download use EA from the internet and start looking for someone to explain how to upload EA to some directory in their hard drives, before teaching them how to draw lines on their charts[

I was thinking maybe we should start another thread in this direction where we should have people venting their angers on training courses, meanwhile they also milk from that sector of the industryThen we can

Quoting 4XWeezal
Show us your statement on all these profits folks talk about? I have yet to be pointed to one yet. In fact, I have been on FF for 1 year and forex tsd

for three years and not 1 person has shown a statement !. Even if the name was blanked out. I mean, I hear about it? --there are at least 3-4 posters that the only thing they contribute is sales and training-- just in this thread.. oh th promises and the enlightenment. barf. . .... Do you troll the forums and look for more suckers? To me its not about all this feel good crap, but traders saying "look what I did" .. and by george, there are few if any that can do it.
Show your statement, show your statement!!!!!!!!!!!!!!

What are you looking for statement or someone to show you are to make millions for free free!! or what???

[Wake up buddy this is trading not free Internet downloads or those stories we hear in the street that everything is free on the Internet. Some training are not free, whether they are good or bad. Just take it like that.

Some are also free like some threads here e.g. GBP/USD Updates
Ranting and venting anges won't help anyone go anywhere except you will never be able to differentiate betweet a good course from a bad one.


If you are looking for statement before you get into training and no one shows you statement then start developing your own. It means there is a niche in the business of training as well.

We are talking about making money; you do not have to make money only by trading alone. Diversified your portofolios - trade, manage account, and provide training, provide signals, in that way you do not risk all your $500 dollars or less into one trade with the hope of becoming a millionaire over night - Brokers charges for training and why not any other people?
  • #138
  • May 15, 2008 4:51am May 15, 2008 4:51am
1. i didnt see a question in liviu's post

2. my chat room has about eight people in it and the room costs money so we share the cost through the $20 each, in truth there's only a few pay, most i'm happy to subsidise for free, i'd love the chat room to be free for all, but it has a per user cost and i'm not paying like $300 a month to listen to newbies.

3. I trade for my living, and make a bit of money in the music business. I have no other income nor have i had for many years.

Listen, I actually like James 16 and his thread, it's one of the useful ones. I just dont like being patronised and hence i fire back. then i giggle uncontrollably when i read that someone believes it's satan at work when they lose in the market. - amazing.
https://linktr.ee/Soultrader
  • #139
  • May 15, 2008 6:22am May 15, 2008 6:22am
Quoting soultrader
1. i didnt see a question in liviu's post

2. my chat room has about eight people in it and the room costs money so we share the cost through the $20 each, in truth there's only a few pay, most i'm happy to subsidise for free, i'd love the chat room to be free for all, but it has a per user cost and i'm not paying like $300 a month to listen to newbies.

3. I trade for my living, and make a bit of money in the music business. I have no other income nor have i had for many years.

Listen, I actually like James 16 and his thread, it's one of the useful ones. I just dont like being patronised and hence i fire back. then i giggle uncontrollably when i read that someone believes it's satan at work when they lose in the market. - amazing.

I thank you for your honesty in answering the question whether you charge users of your chatroom for overheads. Is that not what other people are doing too? Charge for time and overhead to provide training or tips or whatever you call them. Why then were you telling people not to take James16 more seriously?

This is one way satan operates in the market, he hides truth from masses using human thoughts. Please do not get me wrong, I am not saying you are satanic. Just explaining the way he manipulates people in the markets.

We can conclude by saying you have been misleading people with your posts on this particular thread. That is not professionalism but deciet!


It does not matter whether you charge $1 or not but by publicly brooding over the successes of James16 with just few subscribers who beleived in him and supporting his good work, you allow yourself to be used by satan who opposed what is good in nature. This is not a Random event, but well calculated actions. Satan uses peoples' mind to do havoc. This is how nature is, believe it or not.

For those believing you that they do not have to pay for anything to make it in forex you have misslead them, and they may continue to believe so and will continue to make losses. We have more than 95% of people thinking like this. You can correlate this with figures that says 95% quits due to losses. So this is one way satan manipulates market.

Oh about this. I presume you are referring to me and my thread.

Quote
then i giggle uncontrollably when i read that someone believes it's satan at work when they lose in the market. - amazing.

I do not want to comment on it before, but you brought it up, and I have proved to you that by hiding the fact that you also charge something but telling people not to pay for the good course of an experienced trader, you have allowed yourself to be used by satan to make other people to continue to lose their money to their brokers.

Satan is the major culprit why people loses in the market place.
This is true as I have done enough research in this area which not anyone can prove otherwise. Or else you have to tell me why you keep losing and not only you even the likes of Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns, Northern Rock, Societal General.

The difference is that when corporate bodies loses they call it fault of rogue traders, they cover it up, and throw the rogue away, after he or she has allowed himself to be manipulated by satan. You believe in satan or not does not matter, he uses in people in the market and dumped them. People are not making losses because they are dumbed, but because they allow market and things of life to over-burden them

Once something is wrong with a system - satan is usually responsible, but you won't know this until he has manipulated you, harassed you until you became distressed, dejected and helpless before you start looking for alternative solution. That alternative is Jesus Christ. Don't ask me why Jesus Christ or don't bring Jesus Christ into this, but you can giggle, He likes peace and want people to overcome all situations.

There could either be good or evil, profit or loss. satan is the defacto prince of eivl spirits, losses, panic, fear and all the negative habits traders have.

The real truth is that there is nothing like fear, panic, etc in the market, not even your random idea. Losses are as a result of opposed thoughts in people's mind, which is external to the market. Just like you opposed James16 here on this thread. This is not your fault, but satan's fault.

You can take me on this if people will allow this post to continue or not. I can see it easily bumped out because people will prefer to continue to chase losses by not accepting FACT, that market is NOT RANDOM, but that we have CHRIST'S WISDOM to help them to overcome losses, people do not have to continue to trade in ignorance, and this WISDOM is higher than human wisdom and knowledge, than any Ph.D or Wall St. training on what we know regarding financial markets.

Take it not it is high time we start looking at alternative knowledge to econometrics in this industry.
  • #140
  • May 15, 2008 6:36am May 15, 2008 6:36am
Without criticising or supporting anyone's beliefs and opinions, Religion and Politics should be kept outside.

regards
daytrading
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