Hello Ged,
I would be interested in how you trade and then the members could give you some advice.
The problem with places like the FF is everybody has different ideas on how to make their first million. Most threads are junk and not worth reading. I find so called systems that defy all known trading logic. Most are momentum traders that look at trading as pure gambling and believe in nothing else. Their systems lack good entry and exit points and trade off simple indicators.
I find most are quite arrogant and will tell you they know everything and have read everything and have arrived at their systems through years of experience. When asked a simple question like why does your system say buy long when a monkey can see the PA is going down and a short is the obvious trade. They blast you with "get off my thread".
They are basically people whose math skills are very weak, their reading skills are very low and cannot understand anything very complex. People looking for the quick buck and don't want to put in the time needed to become a professional trader.
There are a lot of computer programmers here thinking they can program their way to riches. It takes a decent programmer with a good understanding of the forex working with a professional trader to make a great EA. I can't tell you how many times I've seen great programmers working with an idiot to come up with an EA but the number keeps rising.
In one instance I asked the simple question of why their program told me to buy long on the very next M15 bar that correctly told me to sell my existing long trade. They tried to get me in infraction. They never answered my question and the program just kept getting worse until it was downright funny to watch. They said in post #1 it took them four years to create this program. I told them they needed to learn how to trade before attempting to write an EA. I warned every newbie I saw posting on that thread until the thread died a quick death.
The other thing you see here are members with thousands of posts but little knowledge of how to trade. These people are professional posters and will never be anything more.
I've even befriended a few and offered to train them. One who actually asked for help owns his own forex trading company was unbelievably not trainable. He refused to let go of his crazy beliefs and ideas.
You can send a duck to college but when he graduates you still end up with a quack.
I have trained retired professional wall street traders which gave me insight into that world. Why you ask would I be approached by a professional trader? That was the first question that entered my mind. Like WTF man what have you been doing for 30 years on wall street? Sleeping?
I learned the actual traders that do the buying and selling don't do the analyzing.They just follow the advise of a whole staff of professional analyzers. Surprised the heck out of me, He was very easy to train and got the basics very quickly.
Most traders trade with their eyes fixed on the indicators hardly ever looking at the chart. The first thing I give them is a template with no indicators and a simple on the chart S&R. Voila! They always jump from the demo to live trading after a few hours and tell me they made more money in one day then they have in months of trading.
People make things difficult by relying on indicators which for the most part are based on simple moving averages. An indicator won't make you a better trader. You must know how to trade first. The addition of an indicator later may dress up your chart but it will never make you money. The only indicator I have on my chart below the main chart is a volume indicator. The RSI, MACD, and others I consider absolutely and totally useless. A simple moving average would be more profitable.
So show us what you are doing and we shall give you some advise.
Johnny
I would be interested in how you trade and then the members could give you some advice.
The problem with places like the FF is everybody has different ideas on how to make their first million. Most threads are junk and not worth reading. I find so called systems that defy all known trading logic. Most are momentum traders that look at trading as pure gambling and believe in nothing else. Their systems lack good entry and exit points and trade off simple indicators.
I find most are quite arrogant and will tell you they know everything and have read everything and have arrived at their systems through years of experience. When asked a simple question like why does your system say buy long when a monkey can see the PA is going down and a short is the obvious trade. They blast you with "get off my thread".
They are basically people whose math skills are very weak, their reading skills are very low and cannot understand anything very complex. People looking for the quick buck and don't want to put in the time needed to become a professional trader.
There are a lot of computer programmers here thinking they can program their way to riches. It takes a decent programmer with a good understanding of the forex working with a professional trader to make a great EA. I can't tell you how many times I've seen great programmers working with an idiot to come up with an EA but the number keeps rising.
In one instance I asked the simple question of why their program told me to buy long on the very next M15 bar that correctly told me to sell my existing long trade. They tried to get me in infraction. They never answered my question and the program just kept getting worse until it was downright funny to watch. They said in post #1 it took them four years to create this program. I told them they needed to learn how to trade before attempting to write an EA. I warned every newbie I saw posting on that thread until the thread died a quick death.
The other thing you see here are members with thousands of posts but little knowledge of how to trade. These people are professional posters and will never be anything more.
I've even befriended a few and offered to train them. One who actually asked for help owns his own forex trading company was unbelievably not trainable. He refused to let go of his crazy beliefs and ideas.
You can send a duck to college but when he graduates you still end up with a quack.
I have trained retired professional wall street traders which gave me insight into that world. Why you ask would I be approached by a professional trader? That was the first question that entered my mind. Like WTF man what have you been doing for 30 years on wall street? Sleeping?
I learned the actual traders that do the buying and selling don't do the analyzing.They just follow the advise of a whole staff of professional analyzers. Surprised the heck out of me, He was very easy to train and got the basics very quickly.
Most traders trade with their eyes fixed on the indicators hardly ever looking at the chart. The first thing I give them is a template with no indicators and a simple on the chart S&R. Voila! They always jump from the demo to live trading after a few hours and tell me they made more money in one day then they have in months of trading.
People make things difficult by relying on indicators which for the most part are based on simple moving averages. An indicator won't make you a better trader. You must know how to trade first. The addition of an indicator later may dress up your chart but it will never make you money. The only indicator I have on my chart below the main chart is a volume indicator. The RSI, MACD, and others I consider absolutely and totally useless. A simple moving average would be more profitable.
So show us what you are doing and we shall give you some advise.
Johnny
