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A system that works? Please!

  • #21
  • Edited Dec 22, 2008 1:12am Dec 21, 2008 9:40pm | Edited Dec 22, 2008 1:12am
What a poser....... his post history
Same Whore .... Different Dress
  • #22
  • Dec 21, 2008 9:41pm Dec 21, 2008 9:41pm
Well, it sounds like reality really hurts and I am sorry about your situation. I would highly consider getting a job that actually pays you for your labor, and if you must trade FX, learn how to trade via demo before gambling your money away. You can easily trade FX off dailies and higher and still have a day job. Blessings and I hope the best for you and your significant other.
  • #23
  • Dec 21, 2008 9:41pm Dec 21, 2008 9:41pm
Quoting johnedoe
What a poser....... his 11 posts
"No matches were found for the keyword(s) specified. Please try again."
Not all sins are created equal
  • #24
  • Edited Dec 22, 2008 1:09am Dec 21, 2008 9:45pm | Edited Dec 22, 2008 1:09am
Quoting Gazmanfx
Also gang did you know that Eddison failed to create the electric light bulb 300 times before he was successful?
He can't even get this right.......

Thomas Edison documented 10,000 failed attempts to develop the electric light bulb. A reporter asked the great inventor how it felt to have failed 10,000 times trying to invent the light bulb. Edison responded, "Young man, I didn't fail 10,000 times trying to invent the light bulb, I simply documented 10,000 ways that it wouldn't work."
Same Whore .... Different Dress
  • #25
  • Dec 21, 2008 9:48pm Dec 21, 2008 9:48pm
Quoting johnedoe
He can't even get this right....... Thomas Edison documented 10,000 failed attempts to develop the electric light bulb. A reporter asked the great inventor how it felt to have failed 10,000 times trying to invent the light bulb. Edison responded, "Young man, I didn't fail 10,000 times trying to invent the light bulb, I simply documented 10,000 ways that it wouldn't work."
Sounds like he learned something during the process. Hmm..
  • #26
  • Dec 22, 2008 3:50am Dec 22, 2008 3:50am
I think my mind is made up. I will look for another job but with the economy going the way it is I'm not too sure about that either. In regards to the young man that asked what system I am using..I have reverted back to one that works better than all others. Involves a 5 min chart and looking at MSH/MSL and also looking at divergence on the RSI.
Take trade on divergence and take 10 pips. That's it! Works great! Until you trade it live and emotion and revenge and all the other real stuff gets in your way. You look back at your diary and there are all these trades thta have nothing to do with that system
My latest idea is to take 10 pips a day. That's it. Find the perfect trade and take the tenner. If it works great! If not, if you ever come to Melbourne Australia, look for me under a tree at Flagstaff agrdens
  • #27
  • Dec 22, 2008 3:52am Dec 22, 2008 3:52am
Hey there is a positive in everyhting and if I never see my wife again it also means that I never have to see her annoying friends again
  • #28
  • Dec 22, 2008 7:28am Dec 22, 2008 7:28am
Quoting Gazmanfx
Hey there is a positive in everyhting and if I never see my wife again it also means that I never have to see her annoying friends again

See, things are looking better already !

If I don't chime in on this one, I'll kick myself later.

Time has a shape. Plot it on a chart, you'll see it's not really linear at all, time that is.

You've measured 6 years while x has happened. "X" as in, x-wife, x-money, x-everything.
Still, we'll just call it "x".

During the progression of time, you continued to search for "Y".

"Y" as in, "why can't I make money ?", "why did I do that...again?", "why won't she shut up ?"

Your XY coordinates are not in sync.

If you don't choose to profit, or have convinced yourself you can't, then you will not.
Just hoping or "wishing" you can will certainly not guarantee any success either, but
embedding and reinforcing the idea of failure will almost assuredly produce a negative outcome.
Even that's not guaranteed. At this point, it appears you couldn't set out to fail on purpose and get it right.

You cannot trade this way.

You cannot do anything this way. Anything. Stop what ever you're doing.

If I had my way and I had the ability to tell you the future, I'd do it. Can't do that, sorry.
My best educated guess is that you'll need to hit some kind of "bottom" in order to bounce.
Not speaking of trading. I mean hitting a bottom in this direction your life has taken.
If this ain't the bottom yet, you'll likely keep digging until you do hit it.
It a sad fact of life. This is why we need to try to be kind to people on the way up,
because we meet the same people on the way back down.

This isn't all bad. You have a chance to see something now that you've not been able to,
or willing to see for the past 6 years: what you're really made of.

If you're not a trader, then, so, you're not a trader. So what ?
Find out what you really are then. As good a time as any to learn the truth.

If you really are a trader, you'll cherish this time in your life because it will act as a
referrence point in your career where it couldn't get any worse (probably not there yet)
and from there you began to build again, stating over, from the ground up, so to speak.

If you're not a trader, that's okay too. All of us can say we aren't the things that we're not.
You're not a doctor either (maybe you'll need one soon?). You're not a lawyer (need one of them too).
If that doesn't bother you, not being a trader should be no greater blow to your life's plan either.

By the way, the answer is no, there's not a system out there that will work for you the way you imagine
that it should in order to effortlessly funnel money into your trading account.
If one stays at it long enough, they'll find a method that works (is overall profitable)for their own style.
It could be you just never found your own method that works for you, in the way that you can use it,
while trying to use something that was someone else's. That's like wearing a strangers hat and coat.
Something like that was never meant to fit you. Where's your hat and coat ?

I hope you find what actually truly belongs to you, whatever that may be.
  • #29
  • Dec 22, 2008 7:39am Dec 22, 2008 7:39am
grab trading in the zone in pdf search engine
  • #30
  • Dec 22, 2008 8:31am Dec 22, 2008 8:31am
Quoting Gazmanfx
I think my mind is made up. I will look for another job but with the economy going the way it is I'm not too sure about that either. In regards to the young man that asked what system I am using..I have reverted back to one that works better than all others. Involves a 5 min chart and looking at MSH/MSL and also looking at divergence on the RSI.
Take trade on divergence and take 10 pips. That's it! Works great! Until you trade it live and emotion and revenge and all the other real stuff gets in your way. You look back at your diary and there are...
10 pips at what risk (stop size)?

And tbh if after 6 years, you're still talking about emotion, revenge trading etc then there is a problem that no system will fix.
The market reveals who we really are...
  • #31
  • Dec 22, 2008 8:43am Dec 22, 2008 8:43am
Quoting Gazmanfx
OK this is serious! I have been trading forex for nearly 6 years and not made a dime. I have lost plenty and now I am broke. My wife has filed for a divorce and I am seriously wondering if it is ethical to encourage others to get into forex thru sites like this.
I have read, backtested and tried with demo and real money just about every trading strategy on every forum in the last 6 years and not made a penny!
I am about to give this away for good but thought I would throw my case to the wind before I do. I am flat broke having not earnt a penny...
If you have been trading for 6 years and you still haven't got it, then it's probably nothing to do with a system, it's probably to do with your psycology. You must have learnt a lot of he years, good information, that if applied in the correct way does work. Usually it's the psycological side of the game that is the problem. If you haven't read Trading in the Zone by Mark Douglas, read that.
Probability Professor
  • #32
  • Dec 22, 2008 9:07am Dec 22, 2008 9:07am
Just wondering....if someone comes to GAMBLE on the Forex market, instead of trading, could it be that that person can develop the equivalent of a gambling problem but with Forex?

Maybe that's what this guy is suffering.
On a journey to consistency.
  • #33
  • Dec 22, 2008 10:02am Dec 22, 2008 10:02am
Quoting Tataocb
Just wondering....if someone comes to GAMBLE on the Forex market, instead of trading, could it be that that person can develop the equivalent of a gambling problem but with Forex?
Of course. You can see it in the way some people post stuff on forums. They talk about how thrilling trading is and beating the markets or being scared; so much emotion... too much emotion?
The market reveals who we really are...
  • #34
  • Dec 22, 2008 10:12am Dec 22, 2008 10:12am
Quoting shadowninja
Of course. You can see it in the way some people post stuff on forums. They talk about how thrilling trading is and beating the markets or being scared; so much emotion... too much emotion?
When I enter a trade and get a rush I immediately exit the position and step back. Has not happened in a few weeks now but when it does I know I have taken a gamble rather than entered a position with the least amount of risk possible and a higher probability of success.
  • #35
  • Dec 22, 2008 10:43am Dec 22, 2008 10:43am
Quoting Jimmy Jones
...entered a position with the least amount of risk possible and a higher probability of success.
That describes perfectly what I believe to be a good entry point and is what I try to apply to my trading.
On a journey to consistency.
  • #36
  • Dec 22, 2008 11:18am Dec 22, 2008 11:18am
Quoting Gazmanfx
I think my mind is made up. I will look for another job but with the economy going the way it is I'm not too sure about that either. In regards to the young man that asked what system I am using..I have reverted back to one that works better than all others. Involves a 5 min chart and looking at MSH/MSL and also looking at divergence on the RSI.
Take trade on divergence and take 10 pips. That's it! Works great! Until you trade it live and emotion and revenge and all the other real stuff gets in your way. You look back at your diary and there are...
This is my last post in this thread. If you were in the same room as me, I would hit you upside the head.

1. DO NOT PASS GO. DO NOT COLLECT $200.
2. Do continue reading and improving your person so that you can be the best trader that you can be.
3. Do get a job that pays you for your daily labor so that you can fund a real account and eat something other than Ramen noodles.
4. Do not believe that Forex is a get rich quick scheme.
5. Do not trade anything lower than daily until proven you can make Monopoly money for three months consecutive.
6. Do not trade real money until you have proven you can make Monopoly money consistently after three months demoing that style.
7. Do trade the smallest amount live after you have proven you can do so for three months on demo profitable.
8. Do add to that account if you have been successful trading live AFTER three months.
9. Do talk to a CPA or tax attorney about what kind of legality and tax fees/structure you will have and do not forget to include that in your operating expenses.
10. Do the math on what kind of base capital you actually are going to need to live off of with the returns estimated by your monthly live performance.
11. Do not quite your day job until you have at least accumulated your needed base capital and have proven you can actually produce consistent returns for at LEAST a year.
12. Do not forget that you need to add to your base capital after taking out your living expenses if you want any chance of advancing your level of living.
13. Do continue reading and improving your person so that you can be the best trader that you can be.
I wish the best for you, but you need to wake up friend. Forex is not a game, and remember at a minimum and conservative estimate, 90% of traders do not make it.
  • #37
  • Dec 22, 2008 11:53am Dec 22, 2008 11:53am
Quoting HipsterPipster
This is my last post in this thread. If you were in the same room as me, I would hit you upside the head.

1. DO NOT PASS GO. DO NOT COLLECT $200.
2. Do continue reading and improving your person so that you can be the best trader that you can be.
3. Do get a job that pays you for your daily labor so that you can fund a real account and eat something other than Ramen noodles.
4. Do not believe that Forex is a get rich quick scheme.
5. Do not trade anything lower than daily until proven you can make Monopoly money for three months consecutive.
6....

Excellent advice for everyone, well except for the hitting on the side of the head part.

I do you hope things improve for you in all parts of your life.
  • #38
  • Dec 22, 2008 1:32pm Dec 22, 2008 1:32pm
Quoting pogibaby
Excellent advice for everyone, well except for the hitting on the side of the head part.

I do you hope things improve for you in all parts of your life.
Ok, clarification: call it a friendly "wake up" tap.
  • #39
  • Dec 22, 2008 3:44pm Dec 22, 2008 3:44pm
Hi,

Check these 2 threads out; they'll help you find what you are looking for.

All the best,

Gray.

http://www.forexfactory.com/showthread.php?t=122489

http://www.forexfactory.com/showthread.php?t=116927



Quoting Gazmanfx
OK this is serious! I have been trading...
  • #40
  • Dec 22, 2008 6:35pm Dec 22, 2008 6:35pm
Deep thought of the day: I'm just wondering how many offers this guy has gotten from "pros" offering to take some of this guys money for "mentoring"?
" Average traders look to the left, great traders look to the right."
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