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All Indicators Trading system

  • #701
  • Sep 28, 2012 5:30pm Sep 28, 2012 5:30pm
you strategy is not working dude.
  • #702
  • Sep 30, 2012 3:58am Sep 30, 2012 3:58am
Quoting Peepo
you strategy is not working dude.
What do you mean?These columns are BLANK!!!!.(Check the attached .xls)Why don't you wait until 19-10-2012 when the system records it's first Monthly Real Financial Results since going LIVE?
Attached File(s)
File Type: xls Financials_FF.xls   64 KB | 179 downloads
  • #703
  • Sep 30, 2012 5:20am Sep 30, 2012 5:20am
http://newtraderu.com/?p=1823


If you truly are serious about being a trader then there are seven things that you will have to accept.

 

  1. You will have to accept that over the long term at best only 60% of your trades will be winners. It will be much less with some strategies.
  2. Accept that the key to being a successful trader is having big wins and small losses, not big bets paying off. Big bets can lead quickly to you being out of the game after a string of losses.
  3. Accept that the best traders are also the best risk managers, even the best traders do not have crystal balls so they ALWAYS manage their capital at risk on EVERY trade.
  4. If you want to be a better trader then you need to accept that trading smaller and risking less is a key to your success. Risking 1% to 2% of your capital on any single trade is the first step to winning at trading. Use stops and position sizing to limit your losses and get out when your losses grow to these levels.
  5. You must accept that you will have 10 trading losses in a row a few times each year. The question is what your account will look like when they happen.
  6. You have to accept that you will be wrong, a lot. The sooner you accept you are wrong and change your mind the better off you will be.
  7. If you really want to be a trader then you are going to have to accept the fact that trading is not easy money. It is a profession like any other and requires much work and effort and even years to become proficient. Expect to work for free and pay tuition to the markets through losses until you learn to trade consistently and profitably.

  • #704
  • Sep 30, 2012 6:17am Sep 30, 2012 6:17am
Quoting tafadzwa02
What do you mean?These columns are BLANK!!!!.(Check the attached .xls)Why don't you wait until 19-10-2012 when the system records it's first Monthly Real Financial Results since going LIVE?
I was following your explorer since the beginning and only saw big losses.

Still i hope you great luck in your journey!

Best Regards.
  • #705
  • Sep 30, 2012 6:57am Sep 30, 2012 6:57am
Give the main guy time
I've learnt great deal from this journal as well. Important thing is that it's LIVE, everything is live, not BS but LIVE.

Why traders fail
  • #706
  • Oct 2, 2012 5:53am Oct 2, 2012 5:53am
Quoting duyk20
Give the main guy time
... it's LIVE, everything is live, not BS but LIVE.
Couldn't say it better. The icing on the cake being the live
emotional comments - greed in its purest form.
  • #707
  • Oct 2, 2012 6:48am Oct 2, 2012 6:48am
This thread deserves to be sticky. It's not some educational series where every word seems to be so wise, but a live battle between a normal man versus the Beast.
  • #708
  • Oct 3, 2012 1:22am Oct 3, 2012 1:22am
Quoting duyk20
This thread deserves to be sticky. It's not some educational series where every word seems to be so wise, but a live battle between a normal man versus the Beast.
LOL - The human will triumph in the end as always happened since the time of the dinosaurs .
I have noticed one thing though , over time ;For you to defeat the Beast -EXTREME patience is required.There are no short cuts .Sometimes you see your position winning and you see the Beast coming back to hit your stop and you think , "I better get something out of this" , then you close.As soon as you do that , the Beast continues in your direction (before hitting your stop) laughing and waving at you going a further 200pips .As a rule of thump;No matter what happens -

Keep your Stop Loss
and
Take Profit Positions
According to your System

You can see how I am trading since I went LIVE - It is different , It's all about my system and I don't count a win (or a lose) until it is closed .I will do a HUGE accounts top up after 3 months and all depending on my SYSTEM performance

  • #709
  • Oct 3, 2012 2:41am Oct 3, 2012 2:41am
Please find attached the Results for week ending 28-09-2012.The way it works is different from last time when I didn't have the range and Intraday trades.I could not post at the end of Last week because I had an open GBPJPY trade
Attached File(s)
File Type: xls Actual Vs Projection_Week Ending 28-09-2012.xls   119 KB | 158 downloads
  • #710
  • Oct 3, 2012 11:10am Oct 3, 2012 11:10am
check this guy out :-)

http://www.forexfactory.com/anup
On my way to financial independence - if others can do it - I can do it
  • #711
  • Oct 3, 2012 11:50am Oct 3, 2012 11:50am
Quoting Eur Usd
check this guy out :-)

http://www.forexfactory.com/anup
wow...
  • #712
  • Oct 3, 2012 11:54am Oct 3, 2012 11:54am
Quoting Eur Usd
check this guy out :-)

http://www.forexfactory.com/anup
Serious results!
Ghost Rider - WWTBMD?
  • #713
  • Oct 3, 2012 12:47pm Oct 3, 2012 12:47pm
Quoting Eur Usd
check this guy out :-)

http://www.forexfactory.com/anup
Great!!, what his strategy ??? I dream the day i see my explorer full of green numbers.
  • #714
  • Oct 3, 2012 1:04pm Oct 3, 2012 1:04pm
Quoting Peepo
Great!!, what his strategy ??? I dream the day i see my explorer full of green numbers.
I have been there and done that - This is prone to failure.He is Risk is too much .He is trading 10 lots to get 2 pips , now what is his risk reward?How will he react when he gets 3 losses in a row ? so far he hasn't had one.He has only done 22 trades .Remember what I used to do in April ? this looks familiar.
I will start to take note when I see the same results after at least 3 months .
This guy is better for me
http://www.forexfactory.com/webjeff
I am not sure what you think about this one though
http://www.forexfactory.com/appl3world
  • #715
  • Oct 3, 2012 1:13pm Oct 3, 2012 1:13pm
Both are very good, but the second is not trading for more than 100 day, i guess he is rich with 5,430.1% increase of his capital wow
  • #716
  • Oct 3, 2012 1:13pm Oct 3, 2012 1:13pm
Quoting tafadzwa02
I have been there and done that - This is prone to failure.He is Risk is too much .He is trading 10 lots to get 2 pips , now what is his risk reward?How will he react when he gets 3 losses in a row ? so far he hasn't had one.He has only done 22 trades .Remember what I used to do in April ? this looks familiar.
I will start to take note when I see the same results after at least 3 months .
This guy is better for me
http://www.forexfactory.com/webjeff
I am not sure what you think about this one though
http://www.forexfactory.com/appl3world...
this guy earns about 40.000$ a month and lives of it. you've never bought anything of cash made on forex, not even corsa F-reg hahahah
On my way to financial independence - if others can do it - I can do it
  • #717
  • Oct 3, 2012 1:17pm Oct 3, 2012 1:17pm
http://www.forexfactory.com/showthre...35#post6066635
here are my results of first month of trading choros
On my way to financial independence - if others can do it - I can do it
  • #718
  • Oct 3, 2012 1:33pm Oct 3, 2012 1:33pm
Quoting Eur Usd
http://www.forexfactory.com/showthre...35#post6066635
here are my results of first month of trading choros
I had read that system, but not implemented yet, so do you think its working for you ??
  • #719
  • Oct 3, 2012 1:37pm Oct 3, 2012 1:37pm
Quoting Peepo
I had read that system, but not implemented yet, so do you think its working for you ??
It is working. The point is that while I'm risking 1% I earn 0,2%-1%, sometimes more, but the more I trade this system the more earning and less loosing trades I have. I was down 10% and now 9% profit so it is similar to earning 20% a month. and it was the first month when I was just testing the system. now it gives me 3-4% a day
On my way to financial independence - if others can do it - I can do it
  • #720
  • Oct 3, 2012 1:41pm Oct 3, 2012 1:41pm
Quoting Eur Usd
It is working. The point is that while I'm risking 1% I earn 0,2%-1%, sometimes more, but the more I trade this system the more earning and less loosing trades I have. I was down 10% and now 9% profit so it is similar to earning 20% a month. and it was the first month when I was just testing the system. now it gives me 3-4% a day
Nice!, is just a lot of reading, hard to find where to start! lol, i will give it a try , thanks
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