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  • #46,021
  • Jun 3, 2012 5:22am Jun 3, 2012 5:22am
Quoting Daytrader74

but for others, they have the potential but just need to practice and learn more.
You are absolutely right. This remind me of myself 8 years back.... It was horrible! To cut the story short, any lose I had MUST be replayed back in my minds eye and looking back on the currency chart for clues as to the reason why I had the loss.

This happened until I became PERFECT. So many today do not believe one can trade without losses. But a trader can if he eats, sleeps and think of the market; and of course Dedicated to it.

Thanks Man...
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #46,022
  • Jun 3, 2012 5:25am Jun 3, 2012 5:25am
Perfect? This man has no sense of humility.
  • #46,023
  • Jun 3, 2012 5:35am Jun 3, 2012 5:35am
With all this mumbo jumbo going on there is just one thing to remember. It's not how much money you make, but how much you don't lose. If you concentrate on not losing and preserving equity, the profits look after itself. Too many people are looking for the next big move and profits and their losses come second. Turn it around and you will be more profitable.
  • #46,024
  • Jun 3, 2012 5:38am Jun 3, 2012 5:38am
Quoting TheTopBloke
I'm not trading. But I do watch the market, and I come back to this forum every once in a while to see what you guys are up to.

As for holding a position, it's either AUD or USD, and my time frame is always greater than this month / next month, as opposed to today / tomorrow.

Well let's start with negatives:
Basically everything sucks.

And now for the positives:
AUD earns a real % interest rate.

As for flow, we know everything gets sucked back into Wall Street via the insanity of derivatives and everything denominated in USD.

In the short term...
I wish I could speak more directly to your thoughts here... I can't put my finger on it, but I can't help but feel you have come to your conclusions via a strong intuition of the way things are playing out. And that's great. I do that every day, all day long.

I always kinda have. problem is, for a long time, i just smacked around.

I then started to focus my concerns not on what I really thought was happening, or why it was important, but on what the trading and investment community at large was focusing on. In terms of all forms of analysis.

And I started to get better. Now, the only time I interject my own thinking is how I think others will change their thinking, if "whatever" happens.

And I try hard to validate my thoughts with good, sound reasoning. The closer I can stay to reasons I know the market has acted on recently, the better conclusions I tend to draw.

I guess the way I see it is... the Aussie has the most reasons fundamentally to stay up of the major g8 currencies, but for the past 3 months, the market doesn't seem to care. In fact, since the feb highs, the market AUD/USD has lost more value than the EUR/USD. It makes no sense to me, from a fundamental perspective.

So, i try to adopt my thinking to whatever other people are acting on that I'm missing. Once I can get that understanding...it's simply a matter of keeping up with the current "market focus", and choosing good technical levels.

Of course there's more... but, I think your making a lot of speculative statements, with regards to how the USD is being acquired. Maybe your dead on... but I just remember how expensive it was for me when I made market decisions on thoughts like this. I don't think about the market much anymore. I think about how other traders think about the market. This made a lot of difference for me.

X

P.S. for longer term trading in terms of months, I strongly suggest you learn the in's and out's of the COT report. Also, check out anything you can find on Larry Williams, and the COT. If your serious about catching big moves, and trading for multi-month swings... I can think of no better way to do so. You combine knowledge of the COT report, with some signs of a market reversing on a chart, and and a good grasp of what is moving the market this week...and you'll have everything you need to make great money.
  • #46,025
  • Jun 3, 2012 5:43am Jun 3, 2012 5:43am
Quoting Paulenok
Perfect? This man has no sense of humility.
of course, we make most of our money from know it all traders around the globe; and traders who strongly believe been perfect is out of the Spot Forex trading world, and think someone who's perfect has no sense of humility!

keep up the good work Man.
Perfect Trading Core completed on 13/10/2012 : 2002-2012 |10yrs
  • #46,026
  • Jun 3, 2012 5:48am Jun 3, 2012 5:48am
Quoting Daytrader74
Yes that story was for jayjb
So says the man who basks in the shadows of ridiculous drawdowns and edited posts
  • #46,027
  • Jun 3, 2012 5:48am Jun 3, 2012 5:48am
I just can't wait for Monday, so we can all get back to trading instead of all this crazy esoterik, phsyco, analistical, navalaizingisticaliam.... ing!!!


FUCKIN BRING ON MONDAY FOR freakin heeby jeebies sasake!!!

YOU IDIOTS ARE ALL MAD.
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,028
  • Jun 3, 2012 5:51am Jun 3, 2012 5:51am
Quoting pt49
FUCKIN BRING ON MONDAY FOR freakin heeby jeebies sasake!!!

YOU IDIOTS ARE ALL MAD.
HAHAHA I feel your pain!
  • #46,029
  • Jun 3, 2012 5:51am Jun 3, 2012 5:51am
Quoting pt49
I just can't wait for Monday, so we can all get back to trading instead of all this crazy esoterik, phsyco, analistical, navalaizingisticaliam.... ing!!!


FUCKIN BRING ON MONDAY FOR freakin heeby jeebies sasake!!!

YOU IDIOTS ARE ALL MAD.
Thats the best message I have read all weekend on this motha f^%^$# crazy forum!
  • #46,030
  • Jun 3, 2012 5:52am Jun 3, 2012 5:52am
Paul.... I was recently inspired to see how the "ignore" list worked. I'm pleasantly surprised, it works nicely. Just a friendly afterthought...

X
  • #46,031
  • Jun 3, 2012 5:54am Jun 3, 2012 5:54am
Quoting jayjb
So says the man who basks in the shadows of ridiculous drawdowns and edited posts
In the last week I took my account from a -71.38% loss to a +120% gain in one week. what have you achieved in that last week? Anyways in your own words I'm a "gambler" and a "egotistic fool", I REST my case.
  • #46,032
  • Jun 3, 2012 5:57am Jun 3, 2012 5:57am
Quoting Daytrader74
In the last week I took my account from a -71.38% loss to a +120% gain in one week. what have you achieved in that last week? Anyways in your own words I'm a "gambler" and a "egotistic fool", I REST my case.
Honestly... really, who cares?
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,033
  • Jun 3, 2012 5:59am Jun 3, 2012 5:59am
Quoting Daytrader74
In the last week I took my account from a -71.38% loss to a +120% gain in one week. what have you achieved in that last week? Anyways in your own words I'm a "gambler" and a "egotistic fool", I REST my case.
While I don't believe you know how to trade safely, I will give you one thing, you at least had a public record of your trading, 1000% more than can be said for 99% of the "so called experts" in Forex Factory.
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,034
  • Jun 3, 2012 6:01am Jun 3, 2012 6:01am
Quoting pt49
Honestly... really, who cares?
I'm not looking for anyone to care, neither do I care if anyone cares if I care or I don't care and I don't think anyone should care.
  • #46,035
  • Jun 3, 2012 6:02am Jun 3, 2012 6:02am
Quoting pt49
While I don't believe you know how to trade safely, I will give you one thing, you at least had a public record of your trading, 1000% more than can be said for 99% of the "so called experts" in Forex Factory.
What you believe or don't believe is entirely up to you Sir.
  • #46,036
  • Jun 3, 2012 6:11am Jun 3, 2012 6:11am
I would like to issue a challenge to all the so called "experts" on FF to put up or shut up.

Attach a demo or live account to Forex factory "Trade Explorer" so that their expert progrostinations can be verified.

Somehow I feel I am right in saying that "that ain't gonna happen real time soon" ... because almost certainly the simple fact is that almost all the so called experts here are net losers trading Forex.
In the days of old when sailors were bold, and seldom if ever contented.
  • #46,037
  • Jun 3, 2012 6:12am Jun 3, 2012 6:12am
Quoting Daytrader74
Dear Forextraderx,

Thank you for the time you have put into this message and for your honest feedback.

Just to clarify a few things.....

I plan to start a brand new myfxbook account from the start of the financial year as I would like to analyze my own trading over a full financial year via myfxbook, I will then also post some of my trades on the forum for all to see and analyze/criticize.

I really don't see any need to enter into an argument of words on who's right and who's wrong, we are all here to trade and try to make a buck.

I do not...
Alright... that's a fair and honest response, and I can respect that. And you do have a very good point about the loss being your loss, I've been there, I think most everyone has, and nothing anyone can or can't say will change the overall crappy feel that goes along with crashing (or seriously maiming) an account...

And your intention to post charts and such in the future as you start your next myfxbook acct will no doubt help you, and i'm SURE others as well. once upon a time, charts on a forum with a few notes was all I really had to start learning.

But, I still have a contention with your "tiring of the negativity".

Reminds me of a girl I once dated. She was really a nag. I got tired of it... But after a while, I found the solution was to dump the girl, change my number, and not hang out at her house anymore.

Guess what? totally frickin worked.

I think you've seen how some around here will respond to your approach. But all that really matters (I assume) would be for you to get a year or two of income under your belt... and unless your asking questions and integrating answers into your trading method... just posting up numbers or calls really strikes me as primarily a desire of "ego" for external approval and validation that you are "right" and "mastering the market". No problem with that... everyone does it sometimes, it's part of being human....

but, it's not really about trading profits then, otherwise you'd be giving more out and being more receptive to getting more back.

And i'm seeing some serious skeptics, but not many supporters, and...for the obvious reasons.

So, if it's trading to make money, you don't need to hang around here... at least you don't need to post anything. You can (and probably will) do that best WITHOUT interaction from others. I know I have in the past.

If it's interacting here with posting up charts, reasons for entry, etc.... i'm sure you'll get some more useful feedback, and less unbridled criticism.

Of course, if you happen to get it down where your account stats show a year of parabolic growth in a real money account... well, if you posted a link at hat point in time, you would likely find far fewer critics.

Anyway, good luck with the trading, I hope the market moves in your favor.

X
  • #46,038
  • Jun 3, 2012 6:23am Jun 3, 2012 6:23am
Quoting pt49
I would like to issue a challenge to all the so called "experts" on FF to put up or shut up.

Attach a demo or live account to Forex factory "Trade Explorer" so that their expert progrostinations can be verified.

Somehow I feel I am right in saying that "that ain't gonna happen real time soon" ... because almost certainly the simple fact is that almost all the so called experts here are net losers trading Forex.

how can we attach out accounts there ??

thanks
“Don't cry because it's over, smile because it happened.â€Â
  • #46,039
  • Jun 3, 2012 6:24am Jun 3, 2012 6:24am
Quoting pt49
I would like to issue a challenge to all the so called "experts" on FF to put up or shut up.

Attach a demo or live account to Forex factory "Trade Explorer" so that their expert progrostinations can be verified.

Somehow I feel I am right in saying that "that ain't gonna happen real time soon" ... because almost certainly the simple fact is that almost all the so called experts here are net losers trading Forex.
Look at the trade explorers from people in this forum, funny they all start from a max of just a few weeks whilst even a monkey could have made money by just hitting sell. The only way you will know if someone is doing ok is if they will be here this time next year. Everything else can be skewed and twisted. Some people will have bigger accounts than others, some people will have demo accounts and others real. Who gives a shit when we are using a forum to try and help each other and give each other insights to how others trade. This thread is nose diving pretty quick. Hopefully tomorrow morning it's back on track. Cya tomorrow evening. Good luck all!
  • #46,040
  • Jun 3, 2012 6:30am Jun 3, 2012 6:30am
Fos I totally agree with you, but how cool would it be to see someone post a perfect setup (in his/her opinion) and then follow thru and see how that trader is doing?

Not gonna happen, I know.

Oh well.
In the days of old when sailors were bold, and seldom if ever contented.
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