The Really Useless Thread | Page 2705 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #54,081
  • Feb 4, 2012 9:51am Feb 4, 2012 9:51am
Quoting pkimnyc
5. pc game...


B J
  • #54,082
  • Feb 4, 2012 9:56am Feb 4, 2012 9:56am
Quoting wannaberich
Kill, fuck the guy who wrote the other set of rules. this is far better advice for me at the time being. no kidd. hashoo brings u wisdom! cooool. LOL
nice

the way i do itif i have aposition and its in green i will add to it cash in the no2 or 3 but leave the first one running the more it gos up or down the more i get close to it , its like making love when she wanna come u stop till she big for it then u give here the thingy
  • #54,083
  • Feb 4, 2012 10:01am Feb 4, 2012 10:01am
junkiessssssssss


the queen is so shutt the f she is watching our bot
  • #54,084
  • Feb 4, 2012 10:50am Feb 4, 2012 10:50am
Quoting fxjawn
hello?
yes?
  • #54,085
  • Feb 4, 2012 10:53am Feb 4, 2012 10:53am
Quoting pkimnyc
yes?
nooooooooooooooooooo
  • #54,086
  • Feb 4, 2012 11:04am Feb 4, 2012 11:04am
Quoting wannaberich
here's a whole week of lost pips. wadauthink? haaa, i see, gotta grow a brain, right?
i feel like i'm getting drunk buddy. lol
  • #54,087
  • Feb 4, 2012 11:05am Feb 4, 2012 11:05am
Dear WBR, I too threw a shit load a profit pips in the toilet this week. Some great advise given by Mr Bear, Mr. Kill and others.. Most of them we have all read countless times..I feel there is no black and white method to taking profit..And, i also see this to be a skill that I must improve on to be successfully in this game...

What is the Market doing? Like a Doctor making a patient evaluation is how to give proper means of remeady...Weather she ranging, trending, consolidating, over valued, undervalued news events, whatever.. There is a time to look for 20pips or a time to look for 200 pips..

Having ones target in mind is a must prior to even entering the market, but what is realistic to the current type of market personality? Shit, most times it's 20-30 pips before the wave of retrace of even the most friendly tread..Every once in awhile your in, and on the right side of a nice move. More times than not, ther not however..

Shit, I don't think anyone has it completely figure out completely and the amount of capital you have to play with is directly a huge factor also, If your big money you can have a huge stop and make a killing in this ranging bullshit..I don't have the funds for that so must protect every cent I' got!!

Fk, Rambling on too much for me..lol I Know this though.. 20+5= 100..And sticking to that with a few 50-100 or maybe a 300 every once in awhile is good enough....

Greed is one off my demons.. Not Knowing the correct expectations of the market is a nother....

Hit and run! Fk those bastard!
  • #54,088
  • Feb 4, 2012 11:05am Feb 4, 2012 11:05am
Quoting kill56
nooooooooooooooooooo
b.a.s.t.a.r.d......
  • #54,089
  • Feb 4, 2012 11:08am Feb 4, 2012 11:08am
Quoting Chillypiper
I feel there is no black and white method
i agree... i would have been in the same situation if i was in the market there.
  • #54,090
  • Feb 4, 2012 11:15am Feb 4, 2012 11:15am
Quoting chazzle
..... is it me you're looking for ???

http://www.youtube.com/watch?v=b_ILDFp5DGA

Look Sharp/Trade Tight
  • #54,091
  • Feb 4, 2012 11:22am Feb 4, 2012 11:22am
RULE 2 : DON’T OVERTRADE
eeeeerrr, ok.

this is important.

RULE 4 : IF YOU GET INTO A LOSING STREAK, TAKE A BREATHER

maybe, but i am completely unable to do this.

3 strikes, you're out. give yourself an allowance, 3 straight losses then shut it off and walk away. if you have that much losses then market condition is not in sync with your method of trading. doesn't mean there's something wrong with your method. market sometimes do that to confuse the shit out of us.

RULE 5 : BUILD A PYRAMID WHEN ADDING TO A PROFITABLE TRADE

hu, hu. that's what fucked me. look at the weeks. always trying to build positions to get my ass handed over on a silver plate.

it only works in trending market condition.

RULE 6 : NEVER ADD TO A LOSING POSITION

i try not to. fail ocasionally here.

this is very very important.
most margin calls happen this way.
  • #54,092
  • Feb 4, 2012 11:36am Feb 4, 2012 11:36am
Quoting Chillypiper
Dear WBR, I too threw a shit load a profit pips in the toilet this week. Some great advise given by Mr Bear, Mr. Kill and others.. Most of them we have all read countless times..I feel there is no black and white method to taking profit..And, i also see this to be a skill that I must improve on to be successfully in this game...

What is the Market doing? Like a Doctor making a patient evaluation is how to give proper means of remeady...Weather she ranging, trending, consolidating, over valued, undervalued news events, whatever.. There is a time...
bro i did learn the hard way did blow a lot of accounts ,

the best money i made from the market is hit and run even if i have TP and i am sure it will hit it still close early with no regret , i might leave one for the road but if its in green and be at green , every day their is a target %1 or %50 if i get it i am out greed is greet too if see a trend but cash in the green market always bounce ,

its simple sellers and buyers and most big ass's use the ma's rsi and the fucked up stochastic and if u notice they leave the market to go above or below the ma's for us to keep buying or sellen then they go the other way , their is no top or bottom in the market but if u sell high or buy low its more safer and the lose will be limted ,

dam it sorry bro i know i am crazy and high
  • #54,093
  • Feb 4, 2012 11:39am Feb 4, 2012 11:39am
Quoting pkimnyc
b.a.s.t.a.r.d......
Attached Image
  • #54,094
  • Feb 4, 2012 11:49am Feb 4, 2012 11:49am
one more note regarding margin call. this sorta applies to new comers in trading business:

it actually is not a bad experience, now that i think about it.
having a margin call was a big wake up call, in my case.
that really taught me a lot. not about the technicality of trading side. the way i traded in the past, wtf i was doing wrong and all that other stuff that you've read in the couple of posts ago regarding rules.

margin calls do 2 things. you either give up or you move on.
when you do move on, you move on with much valuable lessons that no one else can teach you, and it will boost you up to the next level because now you do understand the reality side of going against those rules.

that is.... if you take your time to re-evaluate yourself.
  • #54,095
  • Feb 4, 2012 11:53am Feb 4, 2012 11:53am
Quoting kill56
i am crazy and high
word!
  • #54,096
  • Feb 4, 2012 11:58am Feb 4, 2012 11:58am
Quoting kill56
bro i did learn the hard way did blow a lot of accounts ,

the best money i made from the market is hit and run even if i have TP and i am sure it will hit it still close early with no regret , i might leave one for the road but if its in green and be at green , every day their is a target %1 or %50 if i get it i am out greed is greet too if see a trend but cash in the green market always bounce ,

its simple sellers and buyers and most big ass's use the ma's rsi and the fucked up stochastic and if u notice they leave the market to go above or...

Very good sir! I believe these last couple pages have the key to unlock the secret.. That the 'edge" There is a balance of how one can actually control the market, I sort of speak.. If you can control your self, in turn, you can control what the market can do or not do to you (your account)..

FK! I not high or even drunk right now, but I am seeing like a sunscreen analogy on this hole thing..LOL! We all know to much sun can give us a burn, tan or kill us if not given proper means of forthough....

God knows how I love the sun though!
  • #54,097
  • Feb 4, 2012 12:00pm Feb 4, 2012 12:00pm
Quoting pkimnyc
word!

join me fuck the pc games
Attached Images
  • #54,098
  • Feb 4, 2012 12:03pm Feb 4, 2012 12:03pm
Quoting kill56
junkies
dari the bar is open 24/7

i know its the weekend but i did remember those rules, its posted at the grave yard read and pic the ones u feel its will help u with u trading

save this darn thing on u screen and read it every day befor u start trading
10 GOLDEN TRADING RULES FOR SUCCESS IN FUTURES & FOREX TRADING


It is a well known fact that 90 percent of investors lose money in futures and forex trading, 5-7 percent break even and only...
this post is the holy grail, imo. it's not about the technical side of trading.
  • #54,099
  • Feb 4, 2012 12:03pm Feb 4, 2012 12:03pm
Quoting kill56
join me fuck the pc games
be right there.
  • #54,100
  • Feb 4, 2012 12:12pm Feb 4, 2012 12:12pm
read with me

http://seekingalpha.com/article/3397...ortfolio&ifp=0
46 traders viewing now