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Is the "system" part really so easy to come by?

  • #81
  • Apr 10, 2013 2:25am Apr 10, 2013 2:25am
Quoting Rock
Hi. I can't seem to sleep tonight and sometimes come here to read the posts. I've been an intraday trader for a decade or so and after reading so much on here, I just feel the need to speak my mind. I don't think I know it all and what works for me may not work for others, and so. As far as systems go, I can't help but think that all the searching and backtesting and optimazations and such, are in a way, people looking for a free lunch. In my mind, the very nature or the markets, and I won't long wind this point, are not going to allow the systems...
cool ,, man,,, love this too,,

salaam


Quoting Rock
Hi. I can't seem to sleep tonight and sometimes come here to read the posts. I've been an intraday trader for a decade or so and after reading so much on here, I just feel the need to speak my mind. I don't think I know it all and what works for me may not work for others, and so. As far as systems go, I can't help but think that all the searching and backtesting and optimazations and such, are in a way, people looking for a free lunch. In my mind, the very nature or the markets, and I won't long wind this point, are not going to allow the...
  • #82
  • Edited 4:15pm Apr 10, 2013 3:49pm | Edited 4:15pm
Does that mean that these markets are un-tradable or is it just a gamble ! People say go against the crowd but they always forget to define the word crowd.
The crowd could be me or you or fund managers , could be anybody. Very interesting indeed
Trading is simple , Humans are complicated
  • #83
  • Apr 10, 2013 5:09pm Apr 10, 2013 5:09pm
the strategy element is very simple, reading the trend takes a little more time and is where the discretionary part comes in...

Seems most people seem to think trading must be mechanical 100% or discretionary 100%...well it just ain't true.


The mechanics of price changing direction is so simple its laughable, and as retail traders we can wait for that signal to print and trade it, a distinct edge we have over the big guys (hate that term, dont know what else to put though...)

Many traders must get close to achieving their goal and then sabotage their own success because they just can't let themselves believe it is that simple.
tradewith60
  • #84
  • May 4, 2013 6:44am May 4, 2013 6:44am
Never underestimate peoples ability to complicate even the simplest of things.
  • #85
  • May 4, 2013 9:59am May 4, 2013 9:59am
Quoting SoyYoConBonete
Hello everybody, After reading some posts on this and other forums, and also reading Trade Your Way To Financial Freedom (which everyone seems to recommend); it appears to me that most people think that trading is just a mind game, that the most difficult part is discipline rather than finding a system. Van Tharp says there are hundres of thousands of working systems; someone here (was it fiji?) said that their are more working systems than traders; someone else (I think dial) said once "it's just a matter of finding a system with positive expectancy"....
the smartest observation ever on forexfactory. if it's intuition it's not a system and they should tell you exactly that when they try and "teach " you . gut instincts cannot be taught. actually if they have success is about their gut feeling and they are the 5% that actually made it but they lie when they say they have a method. if it's a true objective system very few that actually work in the world. i don't know the exact figure but long term systematic success is very rare making 1% a joke the best. maybe 1 in 100.000 3 years at least.
  • #86
  • May 4, 2013 10:12am May 4, 2013 10:12am
In my humble opinion,

i think it's not just about having a profitable system but one that is tailored to your own approach.

There people who can trade using Fibonacci, yet we have some research disproving that Fibonacci actually works.

I think any system can be profitable in the hands of the right person with proper risk management.

The system is just a tool used by us to trade. Nothing more.
  • #87
  • Last Post: May 4, 2013 11:37am May 4, 2013 11:37am
Quoting deltatrade
{quote} the smartest observation ever on forexfactory. if it's intuition it's not a system and they should tell you exactly that when they try and "teach " you . gut instincts cannot be taught. actually if they have success is about their gut feeling and they are the 5% that actually made it but they lie when they say they have a method. if it's a true objective system very few that actually work in the world. i don't know the exact figure but long term systematic success is very rare making 1% a joke the best. maybe 1 in 100.000 3 years...
I agree ....soultraders Grail trading is one such system...it was 100% mechanical and worked for a year to the tune of 1000% annual profit....it then suddenly failed and never worked again.

I believe any system that can be fully automated will cease working sooner than later...there is no free lunch in trading.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
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