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The life of a trading system on Forex Factory

  • #1,081
  • Apr 26, 2012 5:28pm Apr 26, 2012 5:28pm
Well all right'y then; My first query begins here.

Quoting pipmutt




I wait in hope, but every time I read these forums I'm left wondering if any intelligent life form actually exists here!
This would seem to imply that you believe yourself to be the only intelligent life form that posts hereabouts. Is this true? If not, how do you deny the accusation?

If you feel that the forums are so disgustingly beneath your level, why do you continue to post in a vain attempt to assert your superiority? Please advise.
When the Joker is in the deck.. fear not and play it well
  • #1,082
  • Apr 26, 2012 5:40pm Apr 26, 2012 5:40pm
Quoting the redlion
Yes!!! we are all in the same page i suppose now

the problem is how to efficiently mitigate risk in a way that we do not fall pray to the law of large numbers and mathematical probability against us in either lucky streaks reinforcing bad trades, or unlucky streaks questioning our current methods.

I currently take statistics in to account and i have posted this before as well as current volatility for my targets, i find areas of inefficiencies (dips, and tops) to enter in the intended direction.

through statistics >60 pips in either direction...

I'm a Math's / Stat's guy to.

I've got a method which gives me a @80% win rate in trending markets like the current conditions, SL is 30 - 60 pips depending on the setup, I have an average down method which takes advantage of innaccurate entries and removes the stress of needing perfect entrys as there is no such thing.

The tricky part which has taken YEARs is finding a method I can take / trust / see live, without I simply won't take any trades thats just me though.

The solution was going Micro with the same account size so I can run bigger stops was 15 area before and building a position via averaging down, removed any need for accuracy and stopped being nickel and dimmed.

Only started using my method this week, not had much time to use it much, but i'm 5 for 5 so far and +15% on my tiny account. ( most posted live on my journal ), beginners luck ?? just really nice market condtions for my method ?? well definately
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,083
  • Apr 26, 2012 5:46pm Apr 26, 2012 5:46pm
Quoting the redlion

the problem is how to efficiently mitigate risk in a way that we do not fall pray to the law of large numbers and mathematical probability against us in either lucky streaks reinforcing bad trades, or unlucky streaks questioning our current methods.
To that bit.........

A lot of people, get a win of some kinda generally small and cause of 1 win convince themselves they've got something, then blame the next 4 losers on just bad luck and keep plugging at the same thing convinced by random winners that they are getting somewhere.

1 win or loser on it's own is nothing.

Personally I have a weird desperation to crack $400 everytime i get near I get more gambly to crack this and I think it's 9 times thus far I've crashed the account back to sub $100, the I rebuild it via trading and repeat doh!! ( but without this I'd be rich and driving a ferrari I'd of likely crashed and killed myself so all good LOL )

I'm NOT GOING TO LOSE, AVERAGE DOWN, MOVE SL, OMG Repeat repeat MARGIN CALL!!! you'd think I'd get lucky just the once and it'd turn my way LOL

p.s. I don't really believe in luck thats just silly talk.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,084
  • Apr 26, 2012 5:47pm Apr 26, 2012 5:47pm
Quoting Slim Buffett

Well all right'y then; My first query begins here.
Excellent, if that's the only thing you can pick fault with then......for a minute there I thought you were going to challenge me about some trading issue or other and then we could have had an intelligent, constructive, and logical discussion!

No wait, sorry I just remembered where I am......cancel that, what was I thinking!


(Read the post above mine......and you wonder why I question the existence of intelligent life form, seriously!)


I'm off, c'ya later for the next riveting discussion.......
  • #1,085
  • Apr 26, 2012 5:52pm Apr 26, 2012 5:52pm
Quoting pipmutt
Excellent, if that's the only thing you can pick fault with then......for a minute there I thought you were going to challenge me about some trading issue or other and then we could have had an intelligent, constructive, and logical discussion!

No wait, sorry I just remembered where I am......cancel that, what was I thinking!

Interesting as the only person on here from my perspective who seems unable to do the above is well, you!!

Sadly your logic seems to be kinda screwed up, I'd recommend a factor reset erase every bad thing you've been taught, protect yourself from learning such things again and start from scratch.

Or atleast learn to question what you've been taught and don't follow it blindly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,086
  • Apr 26, 2012 5:53pm Apr 26, 2012 5:53pm
Quoting Turveyd

The tricky part which has taken YEARs is finding a method I can take / trust / see live, without I simply won't take any trades that's just me though.
I think you're great but your testimony suggests that you've spent years trading $100 accounts. How long will it take till you're compensated for your time? What else could you have been doing that would have yielded much greater returns?

This is NOT to demean you in any way. We can only (truly) learn by doing. I just think it's a question every trader should ask themselves.

The dedication that you have may yield much greater returns. And that's what it takes.
When the Joker is in the deck.. fear not and play it well
  • #1,087
  • Apr 26, 2012 6:02pm Apr 26, 2012 6:02pm
Quoting Slim Buffett
I think you're great but your testimony suggests that you've spent years trading $100 accounts. How long will it take till you're compensated for your time? What else could you have been doing that would have yielded much greater returns?

This is NOT to demean you in any way. We can only (truly) learn by doing. I just think it's a question every trader should ask themselves.

The dedication that you have may yield much greater returns. And that's what it takes.
I personally respect him a heck of a lot more now.

It is irrelevant of how long he has been learning, the progress comes not in the $ yet but in the experience, once his abilities as well as mine are at the level we want them to be then it is a matter of discipline in our methodology and compounding results from then on

this is were i find it frustrating and irritating with people like pip mutt, Notice how NO SUBSTANCE OR VALUE WAS EVER shared, just common sense ambiguous goals.

i can say, "just make more than you lose"

shit really? i think everyone is trying to do that.

"compound your gains"
shit, really? i would have not known this is what i should be doing
AVT INVENIAM VIAM AVT FACIAM
  • #1,088
  • Apr 26, 2012 6:03pm Apr 26, 2012 6:03pm
Quoting Slim Buffett
I think you're great but your testimony suggests that you've spent years trading $100 accounts. How long will it take till you're compensated for your time? What else could you have been doing that would have yielded much greater returns?

This is NOT to demean you in any way. We can only (truly) learn by doing. I just think it's a question every trader should ask themselves.

The dedication that you have may yield much greater returns. And that's what it takes.

It's a hobby more than anything else, a puzzle to solve so no real money requirement, not really a fan of money but times are hard and getting harder to want to have a sensible fall back incase work dries up.

Work currently comes first, so I literally have months with zero trades and only quick looks at the chart occasionally, 2009 was busy I made 6 trades all year for instance.

Whack the account upto $1K next week ( all I've got spare ) and in theory in a few months I should be in a position to withdraw say 2K per month which would be a okay wage for me, if time / work allows ofcourse.

There has been times as posted last night, where I realise it's simply not possibly to beat, but that realisation created a solution which lead to me beating it

So many failed methods, so many 100's if not 1000's of hours compiling stat's on every available method available, why I'm quite the authority on what doesn't work and is just silly ( H4 and Candlesticks LOL )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,089
  • Apr 26, 2012 6:04pm Apr 26, 2012 6:04pm
Quoting pipmutt
Excellent, if that's the only thing you can pick fault with then......for a minute there I thought you were going to challenge me about some trading issue or other and then we could have had an intelligent, constructive, and logical discussion!

No wait, sorry I just remembered where I am......cancel that, what was I thinking!


(Read the post above mine......and you wonder why I question the existence of intelligent life form, seriously!)

I'm off, c'ya later.....
The problem seems to be that NO ONE can have an
Quoting pipmutt
"intelligent, constructive, and logical discussion! "
because the only discussion that matters to you is one that agrees with your personal outlook. You cannot comprehend the idea that you could be anything other than right.

Of course, I understand the role of ego in trading. However, if you'll study up a bit you'll find that excessive ego becomes the downfall of many great men.

Hope that helped.
When the Joker is in the deck.. fear not and play it well
  • #1,090
  • Apr 26, 2012 6:11pm Apr 26, 2012 6:11pm
Quoting the redlion
I personally respect him a heck of a lot more now.

It is irrelevant of how long he has been learning, the progress comes not in the $ yet but in the experience, once his abilities as well as mine are at the level we want them to be then it is a matter of discipline in our methodology and compounding results from then on

this is were i find it frustrating and irritating with people like pip mutt, Notice how NO SUBSTANCE OR VALUE WAS EVER shared, just common sense ambiguous goals.

i can say, "just make more than you lose"

shit really? i think...
Thanks,

I'm not funding bank traders ferrari's so I keep it small to learn with, forex I'm -£1400 GBP so thats £200 per year, hobby.

Get the method sorted out and if it works long term, repeat and repeat and repeat then retire rich, is the goal, so it's worth the time.

I've been there with stocks and forex a few times over the years, when you get there, there is 1 major issue left to solve be warned......

BOREDOM!!

The fun of a hobby goes, it becomes a JOB
Your motivation drops off.
The you start looking for other methods, get all confused and gambly for some fun and blow the account.

Don't work out how long at your current rate it'll take to get from say 1K to 20K, it's been 2 years for me in the past which is just soul destroying.

Always another issue to solve!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,091
  • Apr 26, 2012 6:14pm Apr 26, 2012 6:14pm
Quoting Slim Buffett
The problem seems to be that NO ONE can have an because the only discussion that matters to you is one that agrees with your personal outlook. You cannot comprehend the idea that you could be anything other than right.

Of course, I understand the role of ego in trading. However, if you'll study up a bit you'll find that excessive ego becomes the downfall of many great men.

Hope that helped.

Why I'm trying to make him think about his own ability as a trader, ofcourse he'll lie to us about how great he is, that's his ego for you, don't really care either way as don't now / care who he is really.

Never understood ego or had 1 to normal real people, let alone to virtual people, really is an illogical concept to me.

* yes I'm a geek.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,092
  • Apr 26, 2012 6:23pm Apr 26, 2012 6:23pm
Quoting Turveyd
It's a hobby more than anything else, a puzzle to solve so no real money requirement, not really a fan of money but times are hard and getting harder to want to have a sensible fall back incase work dries up.



There has been times as posted last night, where I realise it's simply not possibly to beat, but that realisation created a solution which lead to me beating it


Never kill the dream. Your motivation is admirable.
When the Joker is in the deck.. fear not and play it well
  • #1,093
  • Apr 26, 2012 6:26pm Apr 26, 2012 6:26pm
Quoting pipmutt


I'm off, c'ya later for the next riveting discussion.......
Yep, we'll see ya'
dude. Count on it.
When the Joker is in the deck.. fear not and play it well
  • #1,094
  • Apr 26, 2012 8:33pm Apr 26, 2012 8:33pm
Quoting the redlion
actually no pipmutt

something the beagles do a lot. or fti and his cult
dance the dance, let the market tell you, do not predict, actively manage your risk blah blah blah
Interesting analogy. You see, Beagles are trained to chase rabbits. As long as the rabbit runs, the Beagle will keep chasing it.


Quoting the redlion
It is irrelevant of how long he has been learning,
Never assume that a person who has few posts on FF has not been long in trading.

Assumptions may carry over into trading and (then) the hand is dealt against you. Well... just think about it.
When the Joker is in the deck.. fear not and play it well
  • #1,095
  • Apr 26, 2012 8:44pm Apr 26, 2012 8:44pm
Quoting Slim Buffett
Interesting analogy. You see, Beagles are trained to chase rabbits. As long as the rabbit runs, the Beagle will keep chasing it.



Never assume that a person who has few posts on FF has not been long in trading.

Assumptions may carry over into trading and (then) the hand is dealt against you. Well... just think about it.

Never judge someone with loads of V's as good either, people give out V's for agreeing with them cause it backs up there they are right despite the fact it's likely not working, why people don't like to hear there method isn't going to work.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,096
  • Apr 26, 2012 8:50pm Apr 26, 2012 8:50pm
Quoting Turveyd
Never judge someone with loads of V's as good either, people give out V's for agreeing with them cause it backs up there they are right despite the fact it's likely not working, why people don't like to hear there method isn't going to work.

that actually is pretty peculiar

i believe that if you rip apart my ideas and show them to be vacuous and cemented in faith and not reality, i would actually be very thankful
AVT INVENIAM VIAM AVT FACIAM
  • #1,097
  • Apr 26, 2012 8:54pm Apr 26, 2012 8:54pm
Quoting Turveyd
Never judge someone with loads of V's as good either, people give out V's for agreeing with them cause it backs up there they are right despite the fact it's likely not working, why people don't like to hear there method isn't going to work.
This is called "politically motivated" vouchers. Granted, there are some great traders with 10+ vouchers. There were also some great politicians who went to prison.

I'm not politically or voucher motivated. My reasons are my own as it should be.

Until next.........
When the Joker is in the deck.. fear not and play it well
  • #1,098
  • Apr 26, 2012 8:55pm Apr 26, 2012 8:55pm
Quoting the redlion
that actually is pretty peculiar

i believe that if you rip apart my ideas and show them to be vacuous and cemented in faith and not reality, i would actually be very thankful

You'd think, after all it's trying to help, but most people think there right and the occasional win they get proves it, despite being a 50/50 game and not hard to have the odd win.

So Candlesticks are meaningless and H4 should only be used to trade long term trend with a min of a 2 week hold and @600sl.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,099
  • Apr 26, 2012 8:57pm Apr 26, 2012 8:57pm
Quoting Slim Buffett

Until next.........

Agreed, MUST sleep
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #1,100
  • Apr 26, 2012 9:08pm Apr 26, 2012 9:08pm
Quoting Turveyd
Agreed, MUST sleep
Likewise............. just as an afterthought, as a beginning trader I was dogged relentlessly by those who could say no wrong.

Oh, really ???

happy trading
When the Joker is in the deck.. fear not and play it well
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