I've hit a wall | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Something to print and pin to my wall?? 6 replies

Hit A Trading Wall 3 replies

Wit and Wisdom of Wall Street 0 replies

Wall St.'s Version of the Lottery is Tommorrow 0 replies

I've hit a wall

  • #41
  • Jul 4, 2010 7:11pm Jul 4, 2010 7:11pm
Quoting damosdmf
hi has this happened to anyone else i just feel ive learnt all i need to know in forex i have my strategys working profitably now when i look at other peoples threads i think to myself was i really that niave that i couldnt see how easy it was. i guess its not a bad thing for this to happen so whats the next step where do i go from here. any answers thoughts?

regards damien
"When Alexander looked out over all that he had conquered...."

What were you looking for when you started trading? The thrill of the trade? A source for income???????

In actuality it's pretty damn boring.

The true lessons to long term profitability are inner, the task is not to grow complacent or careless, as the markets will teach those lessons painfully if you let it. It's been mentioned already, but the market changes, so adaptation is essential, constantly monitoring. It's a business.

fwiw
  • #42
  • Jul 4, 2010 7:32pm Jul 4, 2010 7:32pm
exactly its a business not a get rich quick scheme. adaption i know i will have to adapt its a part of the game if the markets ever change. im not saying i know all and will stop learning what i meant was i know enough to make me profit. and i feel anymore info atm will be detrimental to my trading. theres a lot of good methods on ff that anyone can be profitable with if ppl stuck to the original ideas.

in actual fact you can be extremely profitable with an m.a cross system if your disciplined and have set rules to follow and dont deviate from them rules. every thread i have nearly read on ff has ended the same a person comes in with a profitable strategy. others come in add the stochs or macds all the bells and whistles and take it to the 5 min charts and have a whinge because theres to many faulse signals duh and say the strategies no good. of course a strategy built for 1hr or daily charts will not work properly on 5 min charts it wasnt built for that purpose discipline yourself to have a method and not add anything to it once you start making profit and to not

change timeframes. how many times have you been making a profit with a method and thought if i add this i can squeeze an extra 20 pip out of it and. then suddenly the system fails you dump it and go try another one repeating yourself over and over and over.

regards damien
i pull the trigger when others are fearful---me
  • #43
  • Jul 4, 2010 7:44pm Jul 4, 2010 7:44pm
maybe ive hit a wall wasnt the best title for this thread maybe ive hit a level or something like that.

regards damien
i pull the trigger when others are fearful---me
  • #44
  • Jul 4, 2010 8:01pm Jul 4, 2010 8:01pm
i agree cindy it takes years to master a profession im not saying im a master im saying im profitable. being profitable is far from being a master. i never said i dont lose i have losses but my gains outway the losses.

regards damien
i pull the trigger when others are fearful---me
  • #45
  • Jul 4, 2010 8:30pm Jul 4, 2010 8:30pm
Quoting damosdmf
i agree cindy it takes years to master a profession im not saying im a master im saying im profitable. being profitable is far from being a master. i never said i dont lose i have losses but my gains outway the losses.

regards damien
All I can say is stay humble because you never know what tomorrow will bring.
  • #46
  • Jul 4, 2010 8:47pm Jul 4, 2010 8:47pm
You might have no problems with knowledge dude, but have you exercised judgement? Having knowledge and having the judgment to use the knowledge is a totally different thing.
  • #47
  • Jul 4, 2010 9:47pm Jul 4, 2010 9:47pm
Quoting damosdmf
exactly its a business not a get rich quick scheme. adaption i know i will have to adapt its a part of the game if the markets ever change. im not saying i know all and will stop learning what i meant was i know enough to make me profit. and i feel anymore info atm will be detrimental to my trading. theres a lot of good methods on ff that anyone can be profitable with if ppl stuck to the original ideas.

in actual fact you can be extremely profitable with an m.a cross system if your disciplined and have set rules to follow and dont deviate from...
So box yourself into a method, keep aware of when the method begins to fail, and change the core of the approach to one that addresses the market's overall pattern.
That, and discipline....

I've heard another who does this, and only now get how.

Having the discipline to stay with what a trade plan's rationale offers, takes a good dose of humility. Without this, a beginner may produce an over-leveraged 10% into the account, and then lose more.
  • #48
  • Jul 4, 2010 9:56pm Jul 4, 2010 9:56pm
if my method ever begins to fail i will change it accordingly to suit market conditions but i dont think they will change in my lifetime they havnt changed since the first people started trading whatever they traded they have just grown bigger thats all.

regards damien
i pull the trigger when others are fearful---me
  • #49
  • Jul 9, 2010 12:54am Jul 9, 2010 12:54am
Quoting damosdmf
... i already have other hobbies i play guitar and bass...
Congratulations damien, for your success! keep it up!

i got a thread for musicians here, u are invited
http://www.forexfactory.com/showthread.php?t=241562

Quoting damosdmf
... what i mean is what do people do here when they think they have learnt enough do they usually give back and help the fellow trader or just disappear into the sunset.
do some introspection.
what u really want, what are your hobbies, what u really wanna do?
only YOU can answer that.

btw, when u think u already learned 'enough', u havent.
years will pass & u will still learn A LOT.

Quoting damosdmf
... theres nothing but crap on t.v. and i dont go out drinking or clubbing because its a waste of energy dealing with drunken idiots wanting to fight all the time...


Quoting damosdmf
...
my parents always told me theres no such word as CAN'T if you think you can you can if you think you can't you can't remove the word can't from your vocabulary. and i dont want to disrespect or let my parents down.
...
u are a good son, damien

Quoting smoknfx
....
flowchart.
flowchart. hahah.

Quoting damosdmf
maybe ive hit a wall wasnt the best title for this thread maybe ive hit a level or something like that.
....
yeah, choice of words....
it happens
  • #50
  • Jul 9, 2010 1:16am Jul 9, 2010 1:16am
thanks supreme will check your thread out soon half way through gluing the deck together for my model boat and if i dont get it done now i will forget about it lol

regards damien
i pull the trigger when others are fearful---me
  • #51
  • Jul 9, 2010 1:39am Jul 9, 2010 1:39am
share a picture here of your model boat once it's done
btw, doing that is a 'patience exercise'
  • #52
  • Jul 9, 2010 2:44am Jul 9, 2010 2:44am
well when i am in this position, have already got my free time organized

PARAGLIDING!!!!
on the no trading days,

for vacations, months at a time trekking worldwide with who ever can go with me!
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #53
  • Jul 9, 2010 3:04am Jul 9, 2010 3:04am
will do its a huge project comes with a book series called build the endeavour the boat that discovered australia. will post pics when it looks more like a boat lol link to it here

http://www.build-endeavour.com/model.html

regards damien
i pull the trigger when others are fearful---me
  • #54
  • Jul 9, 2010 7:00am Jul 9, 2010 7:00am
Quoting Chocol8Elvis
..
PARAGLIDING!!!!
on the no trading days,
for vacations, months at a time trekking worldwide with who ever can go with me!
what a plan

Quoting damosdmf
will do its a huge project...
WARNING: tons of patience necessary
  • #55
  • Jul 9, 2010 7:07am Jul 9, 2010 7:07am
Quoting damosdmf
hi has this happened to anyone else i just feel ive learnt all i need to know in forex i have my strategys working profitably now when i look at other peoples threads i think to myself was i really that niave that i couldnt see how easy it was. i guess its not a bad thing for this to happen so whats the next step where do i go from here. any answers thoughts?
Unless you already did this, automate your strategy so you can do whatevery you want while your computer trades for you?
  • #56
  • Jul 9, 2010 7:16am Jul 9, 2010 7:16am
automation is not really what im into you probably could automate what i do but then what will i do more free time lol we cant have that

regards damien
i pull the trigger when others are fearful---me
  • #57
  • Jul 9, 2010 8:09am Jul 9, 2010 8:09am
rebuild a car or something
  • #58
  • Jul 15, 2010 1:32am Jul 15, 2010 1:32am
Quoting Sim
rebuild a car or something
this is also something i had thought about, however spending whole days, weeks, months, years in a garage build a car you drive on sundays is ummmmm less appealing to me than my passion for flying!

was thinking a AC cobra replica ofcourse, but shag that, i probly end up pulling the Ducati put of the garage and wringing the tits off that on the 1 day'er blasts!

MAN i miss the great ocean road!

apollo bay over to lavers hill was the best blast for high speed runs!
if i used every commercial EA i would be a brazilianare by next week!!!!
  • #59
  • Jul 15, 2010 2:28am Jul 15, 2010 2:28am
Quoting Chocol8Elvis
this is also something i had thought about, however spending whole days, weeks, months, years in a garage build a car you drive on sundays is ummmmm less appealing to me than my passion for flying!

was thinking a AC cobra replica ofcourse, but shag that, i probly end up pulling the Ducati put of the garage and wringing the tits off that on the 1 day'er blasts!

MAN i miss the great ocean road!

apollo bay over to lavers hill was the best blast for high speed runs!
LOVE the great ocean. especially after apolla through the forest... beats some of the driving in europe.
  • #60
  • Jul 16, 2010 2:52am Jul 16, 2010 2:52am
I would be interested in you sharing your method(s) of trading, and lessons you've learned over the last 1+.
0 traders viewing now