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The life of a trading system on Forex Factory

  • #41
  • Mar 10, 2012 2:25pm Mar 10, 2012 2:25pm
It's not just the newbie's who play the game......just look at how many vouches the creators of the systems (threads) rack up before they:
1) drift away
2) start another thread
3) get banned
4) or just get tired of the drivel that sooner or later every thread denegrates into, and quits..

Case in point: Wayne Jackson racked up over 10v's before he was "discovered".

That said, I'm like everyone else: I check out all the new 'systems' posted here, It's fun and you never know when you'll find something good.
Hej.
  • #42
  • Mar 10, 2012 2:36pm Mar 10, 2012 2:36pm
Quoting Stitch961
It's not just the newbie's who play the game......just look at how many vouches the creators of the systems (threads) rack up before they:
1) drift away
2) start another thread
3) get banned
4) or just get tired of the drivel that sooner or later every thread denegrates into, and quits..

Case in point: Wayne Jackson racked up over 10v's before he was "discovered".

That said, I'm like everyone else: I check out all the new 'systems' posted here, It's fun and you never know when you'll find something good.

Jacko was the smoothest operator I've ever seen.
He had everyone in his corner.

The other crooks I've seen here are crude amateurs compared to Jacko.
  • #43
  • Mar 10, 2012 2:49pm Mar 10, 2012 2:49pm
Quoting zznbrm
The real shame is it takes about 1 second to make a screenshot and another 30 seconds or so to post it.



Ah yes, the fear of public failure can be very powerful.
Forget about the time it takes to make a screenshot and also post it. The real question is: after hitting the 'buy' or 'sell' button, or your limit orders get filled, what is keeping you from snapping the shot??? Or are you inside the quotes moving the pips by your own hand? Funny thing is when you post a trade, you stand the chance of getting good and solid corrections. It's better to accept public failure and know why a trade went wrong than reject it and continue to wallow in the illusions created by the subconcious. It's indeed, a great shame!
Don't just beat the markets, leave bruises.
  • #44
  • Mar 10, 2012 3:46pm Mar 10, 2012 3:46pm
What a great thread this is. A brearth of fresh air to cleanse the mind of so much bullshit that is written .
I thought that it was only me looking at all those sytems and the guys making 100s of pips in a day, thinking that something is not right , knowing how difficult it is to consistently make pips.
  • #45
  • Mar 10, 2012 5:19pm Mar 10, 2012 5:19pm
Quoting LazyPawn
But there's a different angle to it as well. If someone is claiming to make at least 1000 pips each week ...
Hi, Lazy Pawn. This is a wonderful system you have posted! You are a genius and I would vouch for you if I could.

One question: I've read the first post over and over, but it looks like this system has changed since then. Can you please post the current rules? Some charts showing your trade entries would be nice, too.

Thanks!

Luck occurs when preparation meets with opportunity.
  • #46
  • Mar 10, 2012 7:10pm Mar 10, 2012 7:10pm
...brilliant.
It's a buy the dip scheme, ya feel me?
  • #47
  • Mar 11, 2012 1:45am Mar 11, 2012 1:45am
Market closed today, might as well assist this thread adhere to it principles.
It appears, 2 important stages have been overlooked, or should I say conveniently omitted.
A. The cynics appear and give the impression of contributing with their cryptic comments their apparently wise counsel with the intention of deliberately spreading confusion.
B. They go in for the kill and their cohorts join in to spoil the party because they are bereft on any constructive ideas.
EP
  • #48
  • Edited 7:37am Mar 11, 2012 4:50am | Edited 7:37am
Intentionally created thread !

the guy here who has started the thread joined the FF in 2005 and just 30 posts !

That is obvious man !



You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.(Abraham Lincoln)
  • #49
  • Mar 11, 2012 6:17am Mar 11, 2012 6:17am
Quoting shahrooz67
Intentionally created thread ! the guy here who has started the thread joined the FF in 2005 and just 30 posts !
Hehe, how else can a thread be created? By mistake? Aren't they all intentionally created?

I post only when I have something to say. If not useful to others then at least funny. But I take it that you have no sense of humor. Not your fault, it's in the genes.
  • #50
  • Mar 11, 2012 6:45am Mar 11, 2012 6:45am
Quoting LazyPawn
Hehe, how else can a thread be created? By mistake? Aren't they all intentionally created?

I post only when I have something to say. If not useful to others then at least funny. But I take it that you have no sense of humor. Not your fault, it's in the genes.


so turn a comedy movie ! you are MUCH better in comedy than FX , I bet it
  • #51
  • Mar 11, 2012 7:00am Mar 11, 2012 7:00am
Quoting shahrooz67
so turn a comedy movie ! you are MUCH better in comedy than FX , I bet it
I am moderately successful as an FX trader, haven't tried comedy. Most people agree that trading puts a lot of pressure on the individual and a few smiles are welcome. Thus the current thread.

I just checked, and found that you posted your own system. Didn't know that, it went below my radar. Maybe that's why you are angry. Promise me one thing - that you come back here 1 year from today and we analyze the status of your thread together. My bet is that it will be in the final stages (11, 12). But if I'm wrong I buy you a virtual beer.
  • #52
  • Mar 11, 2012 7:19am Mar 11, 2012 7:19am
Quoting LazyPawn
I am moderately successful as an FX trader, haven't tried comedy. Most people agree that trading puts a lot of pressure on the individual and a few smiles are welcome. Thus the current thread.

I just checked, and found that you posted your own system. Didn't know that, it went below my radar. Maybe that's why you are angry. Promise me one thing - that you come back here 1 year from today and we analyze the status of your thread together. My bet is that it will be in the final stages (11, 12). But if I'm wrong I buy you a virtual beer.


So good on you about the Forex, mr multiple !

Every body here knows why did you start this thread ! and just by one goal :

To attack to the the hottest thread in FF in last two weeks ! and that is not my system !

I never asked any body use my system I posted it here just for 1 reason ( a pro coder help me to modify my desired ToPo indicator )

Thanks god , I found it ! Not holy grail , but a reasonable profit for me as a student and that is enough for me for 23 year old guy .

So keep your Virtual Beer and try to be honest with the others ! If you can not help in a team work to benefit yourself and the others just stop fooling others .

You are the first and I hope the last one here in FF who I have a problem with !


as an advice : add a 13 point :

If you can not gain a pip in FX , start a thread to make others laugh because you are not belong to the FX world and you would better act in a circus or a comedy movie


I will stop posting here ! Not worth the time

Regards

Shahrooz
  • #53
  • Mar 11, 2012 7:20am Mar 11, 2012 7:20am
Just read the first couple threads, but this is great. I have a degree in Anthropology, so this self-reflection of the masses analysis is right up my alley.

While we are on the topic of forex comedy, I have an idea I'm willing to share with anyone that has the means to accomplish this. Make a reality TV show/webcast about forex traders. Show everything from them running to the shitter, eating.. whatever. This would be quite interesting to see the aspects that don't directly impact trading but affect the individual making the trades.

Another idea I seriously want to do some day is create a localized game show based on fx trading. People could walk up to a restaurant like place, open an fx acct, then choose a system to trade and at Fixing times they could "come on down" like on the price is right and see how much money they made (or lost).

It's time for trading to go more mainstream, too many people (occupiers) think they can't be part of the market.
Skype: heliosphan187
  • #54
  • Mar 11, 2012 7:45am Mar 11, 2012 7:45am
Quoting shahrooz67
Every body here knows why did you start this thread ! and just by one goal ...
You couldn't be further away from the truth on each of those assumptions. I have no interest whatsoever to attack any thread or anyone in particular. I am very friendly by nature, and I always want people to be happy and successful. It makes me really sad when I come across people like you who think this is some kind of war zone and have zero tolerance for other opinions. But as you can see from the overwhelming majority of the comments, there is hope in this world. Most people are not your kind.

And I repeat what I said - this text will still be here one year from today and we're going to see how any of the current trading system threads is doing. Hot or not hot. I'm twice your age and I have seen this more times than you can imagine. That's why I wrote the first post. You're young and very naive but you will grow up one day. I still wish you good luck with your trading.
  • #55
  • Mar 11, 2012 7:54am Mar 11, 2012 7:54am
Gread thread, I enjoy it.

I see a big difference in the personality of the thread starter (OP).

There are a few very nasty, unfriendly and arrogant OPs who ridicule
and call names to their flock, especially if somebody dares to ask why he makes losses most of the time although he followed the rules of the system.

Either the cult-like "defenders" will attack such a "dumb" member or the OP himself will do it.

In such threads soon nobody who experiences losses will dare to post.

On the other hand, there are some very nice and friendly OPs, that is fact
and the atmosphere there is much better,
but still all of these threads are happening in this real world with humans
and there you have without any exception the group-dynamics at work.

Much flattering, some members behaving like devotees in a cult und such things.

About 70 % of such threads consist of "thank you very much, how wonderfull you are, how great thou art, thank you , kiss you, you are so wise and generous ...." and similar stuff.

In other forums they have stopped this unnecessary flattering and will ban members because it only wastes bandwidth and is making it hard to
follow a meaningfull discussion about the system.

On such forums they all have a "Thank You" button .... and that really is enough to satisfy the human need for attention and respect.

Why doesn´t have FF such a Thank-You button ?
  • #56
  • Mar 11, 2012 7:54am Mar 11, 2012 7:54am
Quoting Dirtybrown
Just read the first couple threads, but this is great. I have a degree in Anthropology, so this self-reflection of the masses analysis is right up my alley.

While we are on the topic of forex comedy, I have an idea I'm willing to share with anyone that has the means to accomplish this. Make a reality TV show/webcast about forex traders. Show everything from them running to the shitter, eating.. whatever. This would be quite interesting to see the aspects that don't directly impact trading but affect the individual making the trades.

Another...
Oh God that would be so funny. Don't forget the point in the series when they do the backtest and think they've found the "Holy Grail" and then the next week they risk their friggin mortgage on the system and the indicator starts to "re-paint". Then the upcomming episode you can do an "intervention" where the family unplugs the computer and everybody starts crying...Great stuff!!!!
I'm sure the market makers would buy advertising spots at 50K a minute!!
  • #57
  • Mar 11, 2012 8:10am Mar 11, 2012 8:10am
Oh yeah, there are so many possibilities. Especially given so many of those shows are total crap and likely scripted "fake reality", this to me sounds like a winning concept.

Quoting Paris13
Oh God that would be so funny. Don't forget the point in the series when they do the backtest and think they've found the "Holy Grail" and then the next week they risk their friggin mortgage on the system and the indicator starts to "re-paint". Then the upcomming episode you can do an "intervention" where the family unplugs the computer and everybody starts crying...Great stuff!!!!
I'm sure the market makers would buy advertising spots at 50K a minute!!
Skype: heliosphan187
  • #58
  • Mar 11, 2012 8:24am Mar 11, 2012 8:24am
Quoting Dirtybrown
Oh yeah, there are so many possibilities. Especially given so many of those shows are total crap and likely scripted "fake reality", this to me sounds like a winning concept.
Good Stuff DB!!
It's good to keep it real in our heads...keeps us from going over the edge.
  • #59
  • Mar 11, 2012 8:52am Mar 11, 2012 8:52am
Quoting LazyPawn
And I repeat what I said - this text will still be here one year from today and we're going to see how any of the current trading system threads is doing. Hot or not hot.
Shahrooz, you don't remember last May, when "Trading Made Simple" thread started. People kept making the same remarks like LazyPawn did here: "We'll see it in a year!"

But it's been 10 months, and TMS is still very popular, and (what is much more important) the TMS thread followers (including me) keep making very good money. And the interesting part is: the TMS author, the thread starter Big E is not here! He is ill and can't participate, but people still make very good money! So it is not about the author personality, it is all about the system: it is either good or no good. And a good trader usually can evaluate the new system in 2-3 days. And when I say "a good trader", I don't mean a guy who traded 5-7 years, I don't mean a guy who has a lot of FF posts or a lot of vouchers, I don't mean a guy who thinks that he is a good trader. I mean a guy who is a good trader!

Shahrooz, as our mutual friend usually says: "Let it go! Let them be!" I already did!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #60
  • Mar 11, 2012 9:00am Mar 11, 2012 9:00am
good topic,when i started forex two years ago i kept hearing you need to develop a strategy,and for the first year i tough wtf is a strategy,and yet eventually i realized theres no such thing as a strategy that will guarantee profit or will be worth even using,the only way to beat this games is to have million in a bank account which you dont give a F**k about and use 0 leverage,and in about 3-12 months you will be making money one way or another because markets move in cycles which can last from days to years,and it means market will eventually come back to the point in which it was before its ony a matter of time.
So one would ask how do i trade,well for me its a gamble because each trade can go two ways and only indicator is for me when i close position and am happy whit what i made and move money back to my account,or i get a lose,or margin call and take a break,and altough that hurts but i only risk money that otherwise id spend on something equally crap.
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