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  • #421
  • Apr 7, 2012 10:23am Apr 7, 2012 10:23am
Quoting LazyPawn

Joking aside, his method is actually one of the good ones! He's doing a great job.
Ok fair enough, I take it all back!

Let me mosey on over there and have a look see.....
  • #422
  • Apr 7, 2012 12:46pm Apr 7, 2012 12:46pm
60minuteman is doing a great job with his thread(s)...

Good solid basic trading with sound MM.

Bread and butter trading at it's best.

Funny thing is....Successful professional traders use bread and butter methods. Simple setups with the trend.

The big money is made on large moves with the trend and building on a positive position. For the love of Mary ;-) not with adding to losing positions like you find in Nanningbob's threads or ALorente..

60minutemans Buy sell line trading
http://www.forexfactory.com/showthread.php?t=345838
and
Simple trend trading strategy development http://www.forexfactory.com/showthread.php?t=349900

Redsword11 Price is everything
http://www.forexfactory.com/showthread.php?t=230888

DarkWolf's Price Action and Trading Discussion
http://www.forexfactory.com/showthread.php?t=322468WMD's

Trading with Deadly Accuracy
http://www.forexfactory.com/showthread.php?t=206723

All good solid threads with good info at least IMHO.
Master your Mind,,,Master the Market
  • #423
  • Apr 7, 2012 4:08pm Apr 7, 2012 4:08pm
Quoting bluesteele
Funny thing is....Successful professional traders use bread and butter methods. Simple setups with the trend.
hm, so who are successful professional traders in your opinion?

Quoting bluesteele
The big money is made on large moves with the trend and building on a positive position. For the love of Mary ;-) not with adding to losing positions like you find in Nanningbob's threads or ALorente..
really depends. The third richest man on this planet was always adding when prices were unfavorable (warren buffett). So it really depends.

Quoting bluesteele
All good solid threads with good info at least IMHO.
why are they good solid threads? Care to share the reasons behind that conclusion?
  • #424
  • Apr 7, 2012 4:28pm Apr 7, 2012 4:28pm
Quoting Custos
hm, so who are successful professional traders in your opinion?
Your favorite NUBCAKE..


Quoting Custos
really depends. The third richest man on this planet was always adding when prices were unfavorable (warren buffett). So it really depends.
Apples and Oranges...



Quoting Custos
why are they good solid threads? Care to share the reasons behind that conclusion?
Simply for the fact that I say so.
Master your Mind,,,Master the Market
  • #425
  • Apr 7, 2012 4:47pm Apr 7, 2012 4:47pm
Quoting Custos

The third richest man on this planet was always adding when prices were unfavorable (warren buffett). So it really depends.
I can't believe you posted that comment!


Quoting Custos

why are they good solid threads?
Probably because they don't use an obscure half-baked trade and money management approach like some we could mention!

A couple of the threads I briefly read seemed to be a reasonable no-nonsense grounding for anyone looking for a strategy to adapt to their own trading style, they're certainly better than some of the nonsense posted over there!
  • #426
  • Apr 7, 2012 11:34pm Apr 7, 2012 11:34pm
Quoting pipmutt
I can't believe you posted that comment!
well, I am also against not using stop losses. But just pointing out, that there are different approaches out there, that are driven by fundamentals and price, that work amazingly well over decades as can be seen with warren buffett. (and I know that there is a difference between trading and investing, just pointing it out)


Quoting pipmutt
Probably because they don't use an obscure half-baked trade and money management approach like some we could mention!

A couple of the threads I briefly read seemed to be a reasonable no-nonsense grounding for anyone looking for a strategy to adapt to their own trading style, they're certainly better than some of the nonsense posted over there!
even reasonable no-nonesense strategies are not likely to make money, if they are not based on hard numbers.
  • #427
  • Apr 8, 2012 3:51am Apr 8, 2012 3:51am
Quoting Custos

well, I am also against not using stop losses. But just pointing out, that there are different approaches out there, that are driven by fundamentals and price, that work amazingly well over decades as can be seen with warren buffett. (and I know that there is a difference between trading and investing, just pointing it out)
Buffett is a different story altogether but sure, for example investing in high yielding currencies long term can produce interest and eventually capital appreciation but that's not what these guys are doing, most of them are predominantly day-traders with limited funds trying to earn a living from actively trading. Big difference, huge.


Quoting Custos

even reasonable no-nonesense strategies are not likely to make money, if they are not based on hard numbers.
Hard numbers, you mean statistics? Mildly comforting perhaps but no guarantee in a business where every transaction is made in pretty much unique circumstances.
  • #428
  • Apr 8, 2012 4:08am Apr 8, 2012 4:08am
Quoting pipmutt
Buffett is a different story altogether but sure, for example investing in high yielding currencies long term can produce interest and eventually capital appreciation but that's not what these guys are doing, most of them are predominantly day-traders with limited funds trying to earn a living from actively trading. Big difference, huge.
true


Quoting pipmutt
Hard numbers, you mean statistics? Mildly comforting perhaps but no guarantee in a business where every transaction is made in pretty much unique circumstances.
again true, but just because it's no guarantee doesn't make it any less important. Funny, we use statistics everywhere in our lives and society, but for some odd reason you guys always seem to suggest that it doesn't apply to trading. I guess you think trading is above the law of large numbers.
  • #429
  • Apr 8, 2012 4:20am Apr 8, 2012 4:20am
Quoting Custos
true



again true, but just because it's no guarantee doesn't make it any less important.

It would be so nice if instead of quoting, requoting and reequoting all this crap about other traders and useless statistics you actually talked about ACTUAL trading and REAL charts. All this does is waste peoples time and space on the forum, life is too short to waste reading this drivel.
  • #430
  • Apr 8, 2012 4:23am Apr 8, 2012 4:23am
the are only 4 relevent numbers to be aware of in trading..

1. win/loss ratio

2. Percentage risked per trade.

3. Risk to reward ratio...

The 4th is time... Can't really put a number to this one, but I go by blocks of 100 trades, base my trading on those figures, then adjust accordingly when the next block is completed... always using the most recent block to base my current trades off..

100 trades is about 5 weeks for me... so every 5 weeks I can adjust my %age risked based on current system performance.
tradewith60
  • #431
  • Apr 8, 2012 4:32am Apr 8, 2012 4:32am
Quoting jag1966
It would be so nice if instead of quoting, requoting and reequoting all this crap about other traders and useless statistics you actually talked about ACTUAL trading and REAL charts. All this does is waste peoples time and space on the forum, life is too short to waste reading this drivel.
Ah jag1966, my friend. Happy easter holidays to you too!
  • #432
  • Edited 5:02am Apr 8, 2012 4:52am | Edited 5:02am
Quoting Custos

Ah jag1966, my friend. Happy easter holidays to you too!
lol, cool answer!

Wassup jag, get a broken egg this year did we?
  • #433
  • Apr 8, 2012 4:59am Apr 8, 2012 4:59am
Quoting Custos

Funny, we use statistics everywhere in our lives and society, but for some odd reason you guys always seem to suggest that it doesn't apply to trading. I guess you think trading is above the law of large numbers.
I'm not sure I think they don't apply so much as I don't trust them in such a dynamic setting. How can there be any reliable statistics for something with so many variables, which change so often, and sometimes so unexpectedly?
  • #434
  • Apr 8, 2012 5:39am Apr 8, 2012 5:39am
Quoting ha-pattern
Okay, sure. I call all that chart-deciphering feeding my intuition, and then my body or a part therein (gut,(physical)brain,moving limbs) traces a final pattern to trade with.
It seems you've trained your subconscious rather well, hoarding possibilities and then choosing one routinely.
A problem I have is that, somewhere along the line of studies,selection,impression,entry,and follow-through, I include negative feeling with the data to reason with, that is, I step aside from my barely-conscious mind that I decide where to draw possibilities...

so many ways to concider a chart and price,thats the prospective that interests me.price moves from point to point and those points can be seen on our charts im constantly cross referencing from one time frame to another using price behavour and fractual b/o to better understand the correct prespective .this helps me to have a higher probability of which s/r levels to focus on.

but i thrive to find a clearer view of time and price.
  • #435
  • Apr 8, 2012 5:43am Apr 8, 2012 5:43am
Quoting pipmutt
I'm not sure I think they don't apply so much as I don't trust them in such a dynamic setting. How can there be any reliable statistics for something with so many variables, which change so often, and sometimes so unexpectedly?
I think you are confusing something. If you are discretionary you can as well apply statistics to your trades. No matter how dynamic your rules are, each trade is defined by an entry and an exit. In the end you can make a statistical analysis of these trades.
  • #436
  • Apr 8, 2012 7:16am Apr 8, 2012 7:16am
Quoting Custos

I think you are confusing something. If you are discretionary you can as well apply statistics to your trades. No matter how dynamic your rules are, each trade is defined by an entry and an exit. In the end you can make a statistical analysis of these trades.
Right, statistics on actual trading history, but how would that help in assessing probable future performance, especially considering the many ever-changing variables used in deciding a trade and it's management (both historically and in future trades).

If I'm missing something here I'm naturally interested to learn of anything which helps improve performance!
  • #437
  • Edited 8:07am Apr 8, 2012 7:52am | Edited 8:07am
Hey Guys

Interesting discussion,

Everyone's personality is different rendering different approaches and views to the markets.

This can be as complex or simple as you want it to be, I prefer simple, it works for me...We WAIT for the right environment, we WAIT for High expectancy trades, open our positions, we WAIT for common sense High multiple R exits, using common sense MM.
Try and reward ourselves with something achievable at the end of the year to our equity, say 20-30%, and then "tweak" it all when the market environment changes....

The really big question is, who has got what it takes to outlast the learning path, (although you never stop learning) and lead yourself into the light....

Ja.
Memories caught in time but never forgotten
  • #438
  • Apr 8, 2012 8:28am Apr 8, 2012 8:28am
Quoting j4d
Try and reward ourselves with something achievable at the end of the year to our equity, say 20-30%, and then "tweak" it all when the market environment changes....
.
20-30% Profit in a year?

Why don't you just buy some nice municipal bonds and save yourself the trouble of trading?

That is about 10 pips per day with NO LEVERAGE AT ALL
New voice message: Why are you calling me? If I need you, I'll call you!
  • #439
  • Apr 8, 2012 8:39am Apr 8, 2012 8:39am
Quoting KillerWhale
20-30% Profit in a year?

Why don't you just buy some nice municipal bonds and save yourself the trouble of trading?

That is about 10 pips per day with NO LEVERAGE AT ALL
would be interested, which kind of municipal bond gives out 20-30% profit per year?
  • #440
  • Edited 9:03am Apr 8, 2012 8:41am | Edited 9:03am
Quoting KillerWhale
20-30% Profit in a year?

Why don't you just buy some nice municipal bonds and save yourself the trouble of trading?

That is about 10 pips per day with NO LEVERAGE AT ALL
Hey Killerwhale,

Can you provide a link to statistics that show I can make 20-30% a year investing in bonds...I would really like to see that......

That is about 10 pips per day with NO LEVERAGE AT ALL

I have a feeling you might be on the path longer than you think...

Thanks Ja
Memories caught in time but never forgotten
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