Does anyone know with GFT is there a way you can block a time feed. Say if I dont want myself to have under a 4hr time feed... can I somehow block it?
I dont trust myself.
I dont trust myself.
Dr. C
james16 Chart Thread
- #64,243
- May 19, 2010 10:11am May 19, 2010 10:11am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
Does anyone know with GFT is there a way you can block a time feed. Say if I dont want myself to have under a 4hr time feed... can I somehow block it?
I dont trust myself.
& start doing what is needed & what is right.
if u dont (trust yourself), why would others trust you?
BELIEVE IN YOURSELF.
something to think about.
a nice post to end my day
God bless all
- #64,246
- May 19, 2010 10:34am May 19, 2010 10:34am
Hey guys bit new here....my bad if this has been answered before but there are so many posts and wasnt too good with the search tool. 
Im really interested in learning to trade and have been reading a lot of threads and spin off topics from this thread. Can anybody give me a ballpark figure on how many pips a month one can make on average using pin bars on a daily time frame. I know its all relative if I use the %R risk mangement method by fiji as pips do not mean anything. But it will give me a starting point on how much starting capital I will need to save up for. Jen
Im really interested in learning to trade and have been reading a lot of threads and spin off topics from this thread. Can anybody give me a ballpark figure on how many pips a month one can make on average using pin bars on a daily time frame. I know its all relative if I use the %R risk mangement method by fiji as pips do not mean anything. But it will give me a starting point on how much starting capital I will need to save up for. Jen
- #64,248
- May 19, 2010 11:25am May 19, 2010 11:25am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
- #64,249
- May 19, 2010 11:32am May 19, 2010 11:32am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #64,250
- May 19, 2010 11:34am May 19, 2010 11:34am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
- #64,251
- May 19, 2010 11:38am May 19, 2010 11:38am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
- #64,252
- May 19, 2010 11:41am May 19, 2010 11:41am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Hey guys bit new here....my bad if this has been answered before but there are so many posts and wasnt too good with the search tool.
Yes you care correct pips are a very poor starting point to judge anything. Reason being especially these days there is every kind of broker so you can always have position sizing accordingly. Be it starting with 50$(and using a broker that allows you to trade down to 1unit(less then a penny per point), or starting with 500k. There really is no good answer to give when talking in pips. I can make 1000pips one month and that only equate to a small% win or even a loss. Other months I could make 50 pips and that equate to a 5% growth. But as I said the great thing is forex is extremely liquid and the granularity available is amazing. My advice just start demoing and getting a feel for everything and don't worry about pips(stick to the %R) and you will be ok
Best
Mike
- #64,254
- Edited 12:39pm May 19, 2010 12:25pm | Edited 12:39pm
Well, going live so soon due to my arrogance and impatience has proved not to be a good idea....
when I started trading about two years ago I opened up a 50$ account on eToro. I grew it to about 800$ in the first two months just on 5, 15 minute charts. And I thought: I have done it! I am one of those lucky few who can trade profitably without all that demoing everyone's talking about and without going through the hell of blowing an account. Well, I blew that money in just four days.
And as if that was not enough naivety: Even after I lost money again and again and tried several different trading systems I still talked myself into the same "I'm the chosen one" BS. Even when I started consistently reading this thread and listened to what James16 and all the other great traders here had to say about demoing and approaching your trading as a business I thought: I may not need that, I trade better on smaller TF, I will go live as soon as possible, there's nothing wrong with my mindset blah blah blah...
I have just one thing to say: I was completely W-R-O-N-G.
It was just my unwillingness to sit on my hands, my inability to be patient, my greediness and my fear of not succeeding that made me think and act this way. My mind again and again created the greatest seductive persuasions to let me think that I may be "the one" who does not need demoing, higher timeframes, less trades etc. etc. Mind is a besetting MF. I'm still tempted to believe him.
Ask yourself ahead of every trade you take: Do I know what I'm doing? How do I think price will behave? Do I have a plan for every possible outcome? Have I checked all the things on my checklist? What speaks against this trade? In the beginning it is impossible to answer all of these questions deliberately while trading on a 15 min chart. That's what I experienced. (For me it helps to write down my thought process before taking a trade.)
This thread is a goldmine full of good advice and great sincerity. Bang your head against the wall, blow as much accounts as you want (no, dont do that) but IN NO CASE STOP READING!
Thanks J16, Sam Seiden, Udine and Jacko
