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Perplexed - year spent looking for system

  • #181
  • Edited 11:34pm May 15, 2008 7:36pm | Edited 11:34pm
Here ya go 4xweezal, not an account statement just the screen from a live tradebox with todays scalping history shown.

When I trade, scalp trades have profit taken, depending on size either whole positions if entered in multiples, or half taken on singles with stops quickly moved to B/E.

Currently have 1/3 position still riding north, with milk money in da bank on this scalp and a stop at entry with the remainder.

Had to rescue one larger position when price showed it was going opposite my direction and i missed the following drop. I feel I traded poorly today.

Oddly enough I was against the market all day but ended with positive pips and bucks in da bank, which imho is the secret, when your wrong keep the loses small or preferably breakeven, and when your right be right BIG.

fwiw,

a
  • #182
  • May 15, 2008 8:04pm May 15, 2008 8:04pm
Quoting soultrader
nah, got it, craig66

we never really fell out did we? - what got you banned?
Bad language, I think it was another one of these pointless threads that are so common here now. I was being the predictable aggressive newb
I only come here for entertainment value now, I think it's the best way to treat it.
The breaking of a wave cannot explain the whole sea.
  • #183
  • Edited 9:17pm May 15, 2008 8:52pm | Edited 9:17pm
awwww.... would you like to mash the BAN button on my screenname, SL?

i have wanted to mash it on yours for a long time.

i bit my lip so many times with your incessant postings. bit my lip, because i am a polite southern man, and all the while you have been undermining my comments and instigating arguments.

alas, SL, i will continue posting whatever i want to, whenever i want to. you are a johnny-come-lately parrot with no original thoughts.

Quoting SeekingLight
If someone else can independently come to the same conclusion I tried to convey several times over there just might be something to it.

--

I'd like to add in the same vein as Soultrader's attempt to word around this - regardless of the randomness, if you just take more than you leave, you end up net positive, regardless of "what it is".
  • #184
  • May 15, 2008 8:55pm May 15, 2008 8:55pm
standard

a graph of a day's trades.... hardly the sign of success or failure

a year's live statement of profit would be a start, but even that can be luck

ps) remember that i was the first to ask for live statement, not fxweezel. thank you for attempting to comply with my requests.

Quoting auxesis
Here ya go 4xweezal, not an account statement just the screen from a live tradebox with todays scalping history shown.
  • #185
  • Edited 9:10pm May 15, 2008 9:08pm | Edited 9:10pm
Quoting tdion
standard

a graph of a day's trades.... hardly the sign of success or failure

a year's live statement of profit would be a start, but even that can be luck

ps) remember that i was the first to ask for live statement, not fxweezel. thank you for attempting to comply with my requests.
Lol Tdion,

Give me a break, at least it's a live account and not a demo as most are around here. But I'm sorry, that's alot more than I have normally shown in the past, my account size and trade profits are no body's business but my accountant, myself and me better half.

So an attempt to bring this full circle and stay on the thread topic.


exitand4getit,

Everybody that starts down this road goes through the same thing, the search for the way. But what you will find after a while is that the search is just as much inward as it is outward. As you have to match mental aspects of yourself to the tools that you choose to trade.

It can be complex or simple, I know traders who trade by the stars, that will get a laugh I’m sure from most, but I know a gentleman who I have seen call trades for a pair short or long at an exact minute, days in advance, and watch him trade those calls for profit. But that style doesn’t fit with me. As you can see by the pic I posted earlier I like to trade reversals, the old top and bottom picker, that too will draw giggles from the crowd, and it’s not what most will fell is the right way to go, but imho, if you have the tools to trade them why not pull them out and use them. It works for me.

I know those who trade forks and channels, Gann theory, Harmonic patterns, EW’s , EA’s Trends you name it.

What matters is that which sparks an interest in you. Sooner or later you will find that line of study that fits, and you will internalize it, and then tweak it to fit you.

At that point you begin to trust you trading and the emotional aspects start to fall in line. That coupled with some sound money management and you’re off to the races, then you get to deal with the other emotional discipline aspects of trading, and if you survive that emotionally and financially you actually get to keep some dough.

It ain’t easy, as most ad’s would like you to believe, it’s hard and you get out of it what you put in.

I’d say start afresh, but with a good self-examination, what do you expect from the markets, what kind of trader are you? How do you feel about risk? And what kinds of trading styles really appeal to me. After all that if this is really the path you want to pursue, mix that with determination and don’t stop till you have your answer.

Good luck.

a
  • #186
  • May 15, 2008 9:11pm May 15, 2008 9:11pm
SeekingLight you quoted where Putto slammed me, but not where he was singing praise. Maybe next time you'll actually read the entire thread.

Your bias is selective, just like the media.

Quoting Putto
And dont get me wrong tdion..i also enjoy a lively debate. Challenging yourself and your beliefs with new ideas is how you improve as a human being. Until next time!
  • #187
  • May 15, 2008 9:16pm May 15, 2008 9:16pm
I can't imagine any professional full-time trader would show a complete live history to anyone on this or any forum and if they do.....it's a scammer (and photoshopped) trying to prove something. A full-time trader has nothing to prove...you either believe it or you don't. To the full-time trader your opinion means nothing.
  • #188
  • May 15, 2008 9:21pm May 15, 2008 9:21pm
Actually mysticgenie posted one where he took 1K to 100K in a week. he admitted it was a rare and lucky occurance, but it was refreshing to see someone actually make a huge chunk of real money. and although statements can be spoofed, i'd like to think most people are honest.
  • #189
  • May 16, 2008 4:27am May 16, 2008 4:27am
This might be some of the best advice I've read on here! If you haven't already you might want to look into the book "Trading in the Zone" by Mark Douglas! A great place to start that inward work that auxesis is talking about, it was for me anyways. Good luck!



Quoting auxesis
exitand4getit,

Everybody that starts down this road goes through the same thing, the search for the way. But what you will find after a while is that the search is just as much inward as it is outward. As you have to match mental aspects of yourself to the tools that you choose to trade.

It can be complex or simple, I know traders who trade by the stars, that will get a laugh I’m sure from most, but I know a gentleman who I have seen call trades for a pair short or long at an exact minute, days in advance, and watch him trade those calls for profit. But that style doesn’t fit with me. As you can see by the pic I posted earlier I like to trade reversals, the old top and bottom picker, that too will draw giggles from the crowd, and it’s not what most will fell is the right way to go, but imho, if you have the tools to trade them why not pull them out and use them. It works for me.

I know those who trade forks and channels, Gann theory, Harmonic patterns, EW’s , EA’s Trends you name it.

What matters is that which sparks an interest in you. Sooner or later you will find that line of study that fits, and you will internalize it, and then tweak it to fit you.

At that point you begin to trust you trading and the emotional aspects start to fall in line. That coupled with some sound money management and you’re off to the races, then you get to deal with the other emotional discipline aspects of trading, and if you survive that emotionally and financially you actually get to keep some dough.

It ain’t easy, as most ad’s would like you to believe, it’s hard and you get out of it what you put in.

I’d say start afresh, but with a good self-examination, what do you expect from the markets, what kind of trader are you? How do you feel about risk? And what kinds of trading styles really appeal to me. After all that if this is really the path you want to pursue, mix that with determination and don’t stop till you have your answer.

Good luck.

a
  • #190
  • May 16, 2008 6:03am May 16, 2008 6:03am
Quoting SeekingLight
Others include Phill ip Nel, that 1k -> 100k or what it was guy [..]
Quoting tdion
Actually mysticgenie posted one where he took 1K to 100K in a week.
Quoting tdion
you are a johnny-come-lately parrot with no original thoughts.

Maybe next time you'll actually read the entire thread.
This post no verb.
Trust price. Know yourself.
  • #191
  • May 16, 2008 6:22pm May 16, 2008 6:22pm
hi SL my last post was directed at the post directly above it, not you. take care.

Quoting SeekingLight
This post no verb.
  • #192
  • May 16, 2008 6:42pm May 16, 2008 6:42pm
Quoting tdion
Actually mysticgenie posted one where he took 1K to 100K in a week. he admitted it was a rare and lucky occurance, but it was refreshing to see someone actually make a huge chunk of real money. and although statements can be spoofed, i'd like to think most people are honest.
Very true Tdion. I do remember seeing that. MysticGenie, Phil and others have a reputation here though and they're not some one post wonders who come here touting that they found the Holy Grail. They all know and say that it was rare and or lucky. Thanks for reminding me of that post.
  • #193
  • Edited 9:28pm May 16, 2008 8:52pm | Edited 9:28pm
Oh missing my statement still!/..Maybe I should post my gann wheel from the great pyramid of khufu in Gizeh. -- I can see the light already------- my mind i is sequencing a higher level.. Whalah! You can call me the super trader of gann vibration points!. For only $29.99 ..... Bull - its up or down in trading nothing more, nothing less and taken a chance on a move in your direction- click the button and balls -- thats all thats needed. ....... Tools? My hand aint on anything except my ea. Also, this isnt a wasted thread.. some real experienced traders here with opinions.. I imagine most are making good coin and just messin with each other.
Also note: trading in the zone was a sucky philosophical bs book Another --I made mine but will only give you a quarter of what you need to make yours. what a bunch of kakka
  • #194
  • May 16, 2008 9:25pm May 16, 2008 9:25pm
Wow, I'm glad I didn't buy that, what a pile of shit.
I'm off to light some incense and meditate.
The breaking of a wave cannot explain the whole sea.
  • #195
  • May 16, 2008 9:48pm May 16, 2008 9:48pm
he he. I saved people some money anyway so I did my job.
Yeh, I got tons more of free crap ...so many big files that I can't upload it.
Even the answer to whether what systems work and which ones don't.

From : The encyclopedia of trading strategies from some phd who had nothing better to do) : his advise is to improve your exit strategies:
"As mentioned above, the journey was a long one, sometimes tedious and discouraging.
However, this birds-eye view revealed that a lot of potentially profitable
entry models were indeed discovered. There were also a number of surprises: Despite
terrible reputations and dangerous tendencies toward curve-fitting, the neural network
and genetic models were the best performers when tested with data that was not used
in training or evolving. Another surprise was that some of the most popular trading
approaches, e.g., moving-average crossovers and oscillator-based strategies, turned
out to be among the worst, with few exceptions. The results of the cycle models were
also revealing: Because of their theoretical elegance, better-if not ideal-performance
was expected. However, perhaps due to their popularity, poor performance
was observed even though the implementation was a solid, mathematical one."
  • #196
  • May 17, 2008 11:26pm May 17, 2008 11:26pm
So exitand4getit......

I certainly hoped this thread answered all of your questions. I am sure you learned something here?

See you on the other side.
  • #197
  • May 18, 2008 1:44pm May 18, 2008 1:44pm
Quoting 4XWeezal
the neural network
and genetic models
What's that ?
Quoting 4XWeezal
Another surprise was that some of the most popular trading
approaches, e.g., moving-average crossovers and oscillator-based strategies, turned out to be among the worst, with few exceptions.
There's a big difference between just having some indicators on your chart and having a system based upon them compiled after much calibration. A BIG difference.
On the path to Enrichment.
  • #198
  • May 18, 2008 7:16pm May 18, 2008 7:16pm
Oh the market is inefficient, oh the brokers are out to screw me, oh the central banks manipulate their currencies, oh poor me I can't make money trading. This is all a bunch of BS. Currencies are no different than equities and I for one would rather trade currency, a currency has never lost 25% of its value in a day or 2 but it happens in stocks, even top tier companies, there are no surprises with currencies there are always lots of surprises with equities, think enron, adelphia, countrywide, etc etc etc. The whole idea that brokers are out to take take out your stops etc is pretty silly, it is in their best interest to have you as a customer long term and not to take your 100 pip s/l out. Central banks have learned over the years that manipulating their currencies only backfires on them so they are pretty much hands off in terms of buying/selling.
Now for all of you that think you should set 100 pip s/l you are insane you should get better at picking your entry points. No wonder you can't make money at this, you just give it all away.
  • #199
  • May 20, 2008 12:15pm May 20, 2008 12:15pm
Quoting endroute
.....The whole idea that brokers are out to take take out your stops etc is pretty silly, it is in their best interest to have you as a customer long term and not to take your 100 pip s/l out......
I'm not saying that every broker cheats his clients, but let's face it, the forex market is largely unregulated, and brokers are out there to make as much money as they can, and by whatever means they feel they can get away with. There are no prizes for being charitable.

Why would a broker want to retain me as a client, when he knows that after I've blown my account - from which he's collected his dues - there are a zillion other punters ready to fill my shoes?

David
  • #200
  • Aug 9, 2008 6:59pm Aug 9, 2008 6:59pm
This thread was quite interesting. I wonder why it died.

Quoting endroute
Oh the market is inefficient, oh the brokers are out to screw me, oh the central banks manipulate their currencies, oh poor me I can't make money trading. This is all a bunch of BS. Currencies are no different than equities and I for one would rather trade currency, a currency has never lost 25% of its value in a day or 2 but it happens in stocks, even top tier companies, there are no surprises with currencies there are always lots of surprises with equities, think enron, adelphia, countrywide, etc etc etc. The whole idea that brokers are out to take take out your stops etc is pretty silly, it is in their best interest to have you as a customer long term and not to take your 100 pip s/l out. Central banks have learned over the years that manipulating their currencies only backfires on them so they are pretty much hands off in terms of buying/selling.
Now for all of you that think you should set 100 pip s/l you are insane you should get better at picking your entry points. No wonder you can't make money at this, you just give it all away.
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