The life of a trading system on Forex Factory | Page 44 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How Forex Trading Ruined My Life or How I Became Successful? 17 replies

My Life System - No Stress 14 replies

Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies

The Best System on forex-factory forum 22 replies

Forex Trading Life 3 replies

Attachments: The life of a trading system on Forex Factory
Exit Attachments

The life of a trading system on Forex Factory

  • #861
  • Apr 20, 2012 6:03pm Apr 20, 2012 6:03pm
Quoting comer

Very Helpful Person: Extremely Helpful Services - we help everyone! How may I help you?
Caller: I have a question...
Very Helpful Person: A question?! Go away! You are bothering me!
Very Helpful Person's Goon: Yeah! Go away! By asking questions you are distracting him from helping!
lol, that's exactly it!

The thing is those people don't want anyone asking (awkward) questions, they'd rather live in a bubble of hope than have their dreams shattered by reality.
  • #862
  • Apr 20, 2012 6:09pm Apr 20, 2012 6:09pm
Quoting billbss
Al's followers aren't of average intelligence. They are well into the realm of stupidity.
75% a month?
It requires a fool to believe that.

No computer program has yet acquired a IQ > 0 yet!!


I've done >75% a month 4 months in a row is my best shot so far, so not that unbelieveable.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #863
  • Apr 20, 2012 6:42pm Apr 20, 2012 6:42pm
Quoting Turveyd

People in general are averagely intelligent, average intelligence is not enough to make it in the trading world.
Above average intelligence in trading can be a hindrance. Sure, dumb is unlikely to succeed but I don't think it takes above average intelligence to make it.


Quoting Turveyd

I've done >75% a month 4 months in a row
Splendid! Was it with an Al type strategy? Were you a novice when you achieved it? How much did you risk?
  • #864
  • Apr 20, 2012 6:59pm Apr 20, 2012 6:59pm
Quoting pipmutt
Above average intelligence in trading can be a hindrance. Sure, dumb is unlikely to succeed but I don't think it takes above average intelligence to make it.




Splendid! Was it with an Al type strategy? Were you a novice when you achieved it? How much did you risk?

You do get the over thinking it issues from being above average but atleast you can come up with good plans, then best to train up a monkey and let them trade if for you, as the actual money part gets kinda boring.

Achieved it a few times, went full time trading stocks in 2001 for 6months via high risk options, yes I ultimately got greedy the market reversed HARD on me and blew the account over night, but I stated with 2K and withdrew 12K over the period spending it like crazy +10K!! USD.

Had a few months on Forex where accounts shot up huge, before Xmas 2months $100 into $500, back to $400 as method stopped working but restarting with new method asap, and more $$'s I think

Yes I've always screwed it up in the end, I get bored and it's only money, but times are hard so should behave and focus on the money
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #865
  • Apr 20, 2012 7:37pm Apr 20, 2012 7:37pm
Quoting Slim Buffett
PLEASE do. It would be very refreshing and you seem to have it all together.

I promise not to post in it but please be reminded that their are those who like to hijack and demean every new thread that comes along if it doesn't agree with their own views.

It's OK to disagree but when that becomes your main focus about anything you see, the ship is floundering.





yeah, that's you pipmutt

Well stated Slim Buffett...!!!

Seems to be a highly pervasive attitude among some @ FF. This all stems from that “NEED TO BE RIGHT”. Unfortunately, those who continually have that point of view will never be able to get out of their own way... and never will achieve any sustainable profit.

I have found we all have it to some degree. Those who have mastered the control over this "account killing thought process" will have the best opportunity to become successful traders.

My need to be right took my first 85k way back in 2000. A painful lesson to be sure. Thankfully... I pulled my head out of my a$$... Only took another 10 years to get it right

Interesting thread.. very true on the original comments.

TSD
  • #866
  • Apr 21, 2012 2:06am Apr 21, 2012 2:06am
Quoting Turveyd
Achieved it a few times, went full time trading stocks in 2001 for 6months via high risk options, yes I ultimately got greedy the market reversed HARD on me and blew the account over night, but I stated with 2K and withdrew 12K over the period spending it like crazy +10K!! USD.
Hope you paid the taxes on these 10K, otherwise you might get a problem.
  • #867
  • Apr 21, 2012 3:14am Apr 21, 2012 3:14am
Quoting RRRulio
13 minutes ago:

Alorente:
GbpUsd has a 32 hour drop predicted of 220 pips starting now on the H1 chart.


I shorted 0.01 lots with a TP 220 pips away just because I can ;-)
Remember that?

didn't quite work out.
  • #868
  • Apr 21, 2012 8:07am Apr 21, 2012 8:07am
Quoting Custos
Hope you paid the taxes on these 10K, otherwise you might get a problem.

Ł8000 GBP before I have to pay tax on them, as they are classed as capital gains, thankfully.

Forex is traded via a spread betting account, no tax to pay ever, I do like the sound of that
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #869
  • Apr 21, 2012 8:21am Apr 21, 2012 8:21am
Quoting Turveyd
Ł8000 GBP before I have to pay tax on them, as they are classed as capital gains, thankfully.

Forex is traded via a spread betting account, no tax to pay ever, I do like the sound of that
so since your 10K gain is higher than the minimum of 8K, you probably have to pay taxes on them, right?
  • #870
  • Apr 21, 2012 8:33am Apr 21, 2012 8:33am
Quoting Custos
so since your 10K gain is higher than the minimum of 8K, you probably have to pay taxes on them, right?
Nope sadly that was 10K USD, which back then was likely 6K GBP.

Money was worth a lot more back then though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #871
  • Apr 21, 2012 11:38am Apr 21, 2012 11:38am
However, if you look in/read any other forums, particularly the resting place for the terminally deranged that is trade2win, you discover that the most avidly read and contributed forum sections are the "trading systems sections" and this will remain so, presumably forum owners are delighted with this selling of the sizzle.


Quoting LazyPawn
I became a member of the forum 7 years ago. As a beginner I spent most of the first 2 years studying various trading systems posted here, using some of them on demo accounts and (unfortunately) a few on my live account. Eventually I created two of my own which I still use with little modifications up to this day. However, the old hobby is not dead. I still test almost everything. Occasionally I find a new idea, an interesting indicator, even a good system that can be made profitable with some adjustments.

But the really fun part is to follow...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #872
  • Apr 21, 2012 12:06pm Apr 21, 2012 12:06pm
Quoting Turveyd

Forex is traded via a spread betting account, no tax to pay ever, I do like the sound of that
It sounds nice but it's a very grey area if spread betting is regarded as sole income/occupation, I went through this a few years back and I don't think anything's changed much.

I've noticed quite a few promotions lately, spread betting co's covering losses up to x hundred.....
  • #873
  • Apr 21, 2012 12:15pm Apr 21, 2012 12:15pm
Fx firms have (arguably) 20% successful clients, sports betting firms have circa the same. Therefore is betting on line on the horses, football or dogs any different to what we do, is it all just one punt? As for spread betting being tax free it is for most and it's fairly straight forward to arrange your personal affairs to ensure it stays that way. the explosion in fx 'trading' has mirrored the explosion in on line poker, sports betting, roulette even low grade bingo. Inevitable given the explosion in liquidity over the past decade.

Quoting pipmutt
It sounds nice but it's a very grey area if spread betting is regarded as sole income/occupation, I went through this a few years back and I don't think anything's changed much.

I've noticed quite a few promotions lately, spread betting co's covering losses up to x hundred.....
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #874
  • Apr 21, 2012 1:33pm Apr 21, 2012 1:33pm
Quoting pipmutt
It sounds nice but it's a very grey area if spread betting is regarded as sole income/occupation, I went through this a few years back and I don't think anything's changed much.

I've noticed quite a few promotions lately, spread betting co's covering losses up to x hundred.....
Dont need mortgage or loans and a official wage to get such so not really an issue.

Fxcm s spread betting account is the same as any other account these days can even move sl to Profit these days few years back you couldnt.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #875
  • Apr 21, 2012 2:58pm Apr 21, 2012 2:58pm
Quoting TraderinSD
Well .....

TSD

Trader in SD Not so far from my original "neck of the woods".

shhhh ! Don't tell anyone
When the Joker is in the deck.. fear not and play it well
  • #876
  • Apr 21, 2012 3:26pm Apr 21, 2012 3:26pm
When the cult following begins to copy the gurus new invented terminology and uses it retrospectively to super analyse the hindsight trades, just read on the fail better thread zealots are using initials to describe their master wizard's instructions. IMHO this is deliberate use of NLP technique by the author, very sinister and betrays the real motives behind the thread creator; money. A hundred and fifty watchers of a video in Sunday, each paying thirty quid, nice (dishonest) work if you can get it.

Quoting LazyPawn
I became a member of the forum 7 years ago. As a beginner I spent most of the first 2 years studying various trading systems posted here, using some of them on demo accounts and (unfortunately) a few on my live account. Eventually I created two of my own which I still use with little modifications up to this day. However, the old hobby is not dead. I still test almost everything. Occasionally I find a new idea, an interesting indicator, even a good system that can be made profitable with some adjustments.

But the really fun part is to follow...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #877
  • Apr 21, 2012 5:08pm Apr 21, 2012 5:08pm
Quoting Spreadbetter
When the cult following begins to copy the gurus new invented terminology and uses it retrospectively to super analyse the hindsight trades, just read on the fail better thread zealots are using initials to describe their master wizard's instructions. IMHO this is deliberate use of NLP technique by the author, very sinister and betrays the real motives behind the thread creator; money. A hundred and fifty watchers of a video in Sunday, each paying thirty quid, nice (dishonest) work if you can get it.
Come on. Language is sinister? It's a trade dialect.

On the other hand, the use sounds evil. I'll have to check into it...
It's like I may never return: "The horror..."
  • #878
  • Apr 21, 2012 7:35pm Apr 21, 2012 7:35pm
Quoting Spreadbetter
When the cult following begins to copy the gurus new invented terminology and uses it retrospectively to super analyse the hindsight trades, just read on the fail better thread zealots are using initials to describe their master wizard's instructions. IMHO this is deliberate use of NLP technique by the author, very sinister and betrays the real motives behind the thread creator; money. A hundred and fifty watchers of a video in Sunday, each paying thirty quid, nice (dishonest) work if you can get it.

I agree...He has used some interesting psychological twists to reel in his sheep. He's done this before obviously. Perhaps even on this forum.

The webinar video, your speaking of hypothetically,I assume ?
Master your Mind,,,Master the Market
  • #879
  • Apr 21, 2012 8:30pm Apr 21, 2012 8:30pm
Quoting Spreadbetter
When the cult following begins to copy the gurus new invented terminology and uses it retrospectively to super analyse the hindsight trades, just read on the fail better thread zealots are using initials to describe their master wizard's instructions. IMHO this is deliberate use of NLP technique by the author, very sinister and betrays the real motives behind the thread creator; money. A hundred and fifty watchers of a video in Sunday, each paying thirty quid, nice (dishonest) work if you can get it.

Quote
Originally Posted by the_wizard http://www.forexfactory.com/images/buttons/viewpost.gif
[i]Today is Operation Assault GBP/USD :

Operation Assault $GBPUSD : Phase #1 : Isolate the objective
http://chart.ly/gi894gw

Operation Assault $GBPUSD : Phase #2 : Reconnaissance
http://chart.ly/ljavhbd

Operation Assault $GBPUSD : Phase #3 - The Plan.

Strategy #1 Consolidation...
I'd never paid any attention to this guy until I read your post.

I think I recognize the pseudo- military jargon.
He's been here before. If I'm right, this is his 4th reincarnation.
  • #880
  • Apr 21, 2012 11:22pm Apr 21, 2012 11:22pm
Quoting Turveyd

Dont need mortgage or loans and a official wage to get such so not really an issue.
It's not about proving income to support a mortgage or loan application, it's about the tax man wanting his cut. Your sole/main source of income is subject to tax, spread betting isn't excluded.

Usually it's enough to fill out an online self-assessment and pay a 'token' amount to keep them off your back, but don't expect them to believe you exist on nothing, HMRC ain't that stupid!
0 traders viewing now