Asking if its possible wont help you. Of course it is. Just look at the charts with an open mind, and dont believe what the forex industry is teaching you. Never, ever. Make your own way, and stop WONDERING, start DOING.
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DislikedAsking if its possible wont help you. Of course it is. Just look at the charts with an open mind, and dont believe what the forex industry is teaching you. Never, ever. Make your own way, and stop WONDERING, start DOING.Ignored
Disliked{quote} Again Please don't drive this discussion to my trading ability or my own personal life. This is a objective and impersonal discussion. If you think this kind of discussion are meaningless or a waste of time, that is ok, and you don't need to participate here.Ignored
Disliked{quote} Ok then i give you an answer, yes its possible, for some its easy, for some its hard, markets are objective, people are subjective.Ignored
DislikedYou already got your answer long time ago on another thread ..... {quote}Ignored
DislikedYou already got your answers long time ago on another thread ..... but you argued with everyone who tried to help you, and ignored all the kind advice they gave you. You intention was to refute every post line by line as you're doing here. Yet you want to ask the same questions over and over again. {quote} {quote}Ignored
Dislikedits not very hard to find an edge. As most have said, you have to find a way to know whether the market is in an uptrend or downtrend from a higher timeframe perspective .then use a lower timeframe for entry - buying on dips and selling on rallies. you have to find your own tools to design acceptable entry and exit levels. good luck.Ignored
Disliked{quote} Have you already been successful with one? How long have you spent?Ignored
Disliked{quote} Yes i am profitable now after starting to trade in September 2011, took me roughly 1 year of jumping around strategys / timeframes / pairs / sessions / moneymanagement / whatever. 1. Forget that psychology bullshit everyone is talking about 2. Find a strategy you think could work, and adapt it, or make one of your own, important is: Stick to it, dont chicken out. As a humble advice: I was playing poker professionally for the last 4 years and i wasted WAY too much energy on questions like "what am i gonna do if i become unprofitable", "am...Ignored
Disliked{quote} Thanks for your response. Are you using the "Daytrading/scalping with high leverage - my proven strategy"? And you think psychology is bullshit?Ignored
Disliked{quote} No i became profitable before reading that thread, although this thread is very intruiging, out-of-the-box and helped me to get more pips in per day. Yes i think so. First you need to sharpen your skills, the psychology will follow. Psychology wont make you a profitable trader, especially not if you think it is the most important part of trading, because its not. Obviously working on your mindset will help you to increase your edge, but NOT to establish it.Ignored
Disliked{quote} How long have you spent if you have already been successful? Or you have just heard from what "most have said"?Ignored
Disliked{quote} I feel your skepticism I demo'd for about 2 years (longer than 95% of noobs).Tried tens of methods then found tradestar1 journal which convinced me on validity of trade with the trend.I then devised a method based on lower timeframes to trade the concept. kind of trendsurfing system that's practiced by thousands .....hell,I expected it not to work....but to my surprise my equity curve is rising at 45° slope 6 months in the making...why re-invent the wheel? I have a journal somewhere testing a variation of the system on mobile...Ignored
Disliked{quote} Agree with this your statement very much. Ok, now I would like to ask how did you find your way. Did you develop it yourself after reading a lot of different method or you followed an established method by someone mentoring you? How many trades you take a day?Ignored
Disliked{quote} Well first you need to decide if you want to understand price action or indicators. You can trade profitable by only looking at indicators, as realjumper demonstrated in his genesis matrix thread. I decided to go for price action, with indicators as eyecandy to help me identify setups faster. I decided that i first would need to identify the trend, then trade the retracements. I didnt have a mentor, but a trading buddy, but i had to leave him as his mindset was detrimental to my trading - he might still make it, but in his way. Its not my...Ignored
Disliked{quote} Thanks a lot for your sharing!!! I love to hearing other's story.. By the way what is your "money management that most people would be disgusted of"? Is it a very high risk to reward ratio, like risking 100pip for 10-20pip.. something like this?Ignored
Disliked{quote} After you have spent 2 years tried tens of methods, you now find your equity curve rising out of surprise. Your previous comment "its not very hard to find an edge" sounds a bit different from what you are describing for your experience. Yes I saw your journal, it is profitable (PF=1.07 Sharpe ratio = 0.1) to certain extent. Thanks for your sharing!Ignored
Disliked{quote} According to my spreadsheet my avg. R:R is 1.5:1, so sometimes it is <1:1, sometimes its as high as 3:1, it depends on the market and the setup of course. I just use a very high leverage for my account, which is gradually decreasing as my account increases. I started with 100$ = 0.1 lots, decreased it to 1000$ = 0.5 lots, and now trade 1 lot for every 5k$, which is i would say my comfort zone, because i know my winrate, and i am backed up by statistics which gives me confidence. There is no use for me (right now) for trading low leverage...Ignored