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  • #21
  • May 14, 2013 9:31am May 14, 2013 9:31am
Ah trying to control emotions is not easy but in time, you should be able to do so. Trading on the news, is not easy and not every one's cup of tea. Do you use any news provider to get the latest news feed?
  • #22
  • May 14, 2013 9:39am May 14, 2013 9:39am
Over active emotions and lack of discipline are often the ruin of a trader, its that simple, control those and you control your money.
  • #23
  • May 14, 2013 10:51am May 14, 2013 10:51am
Most traders lose money because they repeat same mistakes over and over, they don't improve at all and i'm the best example =))
  • #24
  • May 14, 2013 11:23am May 14, 2013 11:23am
Quoting Vexxatu_Vexx
Most traders lose money because they repeat same mistakes over and over,
//---

...... it's a hard habit to break.....h
to trade and code, keep both simple... no call to impress....h
  • #25
  • Edited 2:43pm May 14, 2013 12:46pm | Edited 2:43pm
most traders do not make it in this business of trading....

....cuz they do not play the game seriously..

i am currently up by 24% on my current trades.

my trades, tho demo, are fully public in my trade explorer.

the audnzd is so going to be the next hot long position.

how is it going, bros?

my indicator now shows the following values for fifteen currency pairs:

view #1:
EURAUD 78
EURCHF 49
EURGBP 49
NZDCHF 39
CADCHF 31
GBPAUD 30
EURCAD 18
EURNZD 10
NZDCAD 8
GBPCHF -0
AUDCHF -30
GBPCAD -31
GBPNZD -39
AUDCAD -61
AUDNZD -69

view #2
EURAUD 78
AUDNZD -69
AUDCAD -61
EURCHF 49
EURGBP 49
GBPNZD -39
NZDCHF 39
GBPCAD -31
CADCHF 31
GBPAUD 30
AUDCHF -30
EURCAD 18
EURNZD 10
NZDCAD 8
GBPCHF -0

the rules to trade this system are as follows:

sell at or near +100
buy at or near -100
close when crossing center/zero position.

the strongest and most out of balance trade pair was the audnzd, but now is now the euraud.
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  • #26
  • May 15, 2013 2:45am May 15, 2013 2:45am
Slam Dunk: most traders do not make it in this business of trading.... ....cuz they do not play the game seriously.. i am currently up by 24% on my current trades. my trades, tho demo, are fully public in my trade explorer. the audnzd is so going to be the next hot long position. how is it going, bros?


Bingo !! Slam Dunk Bammmmm
  • #27
  • May 15, 2013 4:14am May 15, 2013 4:14am
It's so simple.

Because traders listen or follow so called Gurus here.
  • #28
  • May 15, 2013 6:47am May 15, 2013 6:47am
they can't trade with the trend!!! their eyes actually can't discern a trend!!!

the tricks the charts play on the mind....its almost an optical illusion!!!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #29
  • May 15, 2013 1:04pm May 15, 2013 1:04pm
Ah the mirage of trading without having to work out the specs..guess that's one benefit from listening to all the Fx gurus..
But to be fair, some traders do learn from the mentors and the gurus, takes time, effort, the works..
Back to topic, we would love to see some live results soon.
  • #30
  • May 15, 2013 6:37pm May 15, 2013 6:37pm
Quoting Vexxatu_Vexx
Most traders lose money because they repeat same mistakes over and over, they don't improve at all and i'm the best example =))

Yep, but they get the odd winner and can see where they should of profitable on the history as we all can, so keep repeating the same thing endlessly.

Most people try to pick a bottom in a downward market, sure occasionally you'll get a actual bottom, but 9 times out of 10, there will be a lower bottom.

Strangely they'll go long after a move down, no issues, but going short after a move up ( still in a downtrend ) they can't bring themselves to doing as that could keep running, when in reality 9 out of 10 would work out and 9 out of 10 the bottom will fail.

That is for 99% of us me included what the issue is, so simple to solve you'd think, taken me years, but realising it and making progress slowly.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #31
  • May 16, 2013 12:16am May 16, 2013 12:16am
Quoting MapleLeaf
{quote} I will bet you anything you want. But, I'm talking about making a living off RETAIL FOREX... Not "surviving", with a micro account and finishing with 500 bucks in your account after 1 year of trading. I will bet you U$ 10K, that you cannot make a living off RETAIL FOREX, during the next 12 months. I can even put a very low entry level, let's understand 3K per month as making a living. This is actually very very low barrier. In FACT, I will bet anyone in this FORUM, that they cannot make a living off ONLINE RETAIL forex, every single month,...
lol..

you sound like Mingary, only you take it to another level
Come with me if you want to live....
  • #32
  • May 16, 2013 1:35am May 16, 2013 1:35am
Quoting Ill-b-back
{quote} lol.. you sound like Mingary, only you take it to another level
there is no need for me to take it to another level I know very well that no one will take up this challenge, because no one makes a living long term in retail forex.
  • #33
  • May 16, 2013 1:53am May 16, 2013 1:53am
Quoting Mingary
{quote} there is no need for me to take it to another level I know very well that no one will take up this challenge, because no one makes a living long term in retail forex.
Not with an attitude like that. And what's your definition of "long term"?
  • #34
  • May 16, 2013 5:35am May 16, 2013 5:35am
my trade explorer stopped syncing, i think, so i removed it and attempted to reinstall it and it would not reinstall..

so, no trade explorer at this time.

Broker: citifxpro
Login : 2089587303
Password : elu7brc (read only password)




............
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  • #35
  • May 16, 2013 7:22am May 16, 2013 7:22am
Quoting jgray110
Slam Dunk: most traders do not make it in this business of trading.... ....cuz they do not play the game seriously.. i am currently up by 24% on my current trades. my trades, tho demo, are fully public in my trade explorer. the audnzd is so going to be the next hot long position. how is it going, bros? Bingo !! Slam Dunk Bammmmm
hey bros,

my work seems to be making some progress, at this time my trades are up by 27.6%

my indicator provides trade levels for fifteen currency pairs that range from -100 thru +100 and WILL NOT EXCEED THIS RANGE.

i do realize that this is difficult to get your head wrapped around, but do give it a try?

a current snapshot of the output of my indicator is as follows:

view #1
EURAUD 79
GBPAUD 41
EURCHF 40
EURGBP 38
NZDCHF 33
CADCHF 27
EURCAD 13
EURNZD 7
NZDCAD 6
GBPCHF 2
GBPCAD -25
GBPNZD -31
AUDCHF -39
AUDCAD -66
AUDNZD -72

view #2
EURAUD 79
AUDNZD -72
AUDCAD -66
GBPAUD 41
EURCHF 40
AUDCHF -39
EURGBP 38
NZDCHF 33
GBPNZD -31
CADCHF 27
GBPCAD -25
EURCAD 13
EURNZD 7
NZDCAD 6
GBPCHF 2

view #1 is sorted from +100 thru -100

view #2 is sorted from 100 thru 0, according to the absolute value, ignoring the negative sign.

instructions for trading this indicator:

sell at or near +100
buy at or near -100
close at or near 0.

also, notice that i am not presently showing any thing past the decimal point, but i can easily..

there is a way to calculate an enormous amount of arbitrageable positions using this indicator..

for example, if we add euraud+audnzd we should get the value of eurnzd, as follows:

euraud=+79
audnzd=-72
eurnzd=+7

hint: if i were to show the values past the decimal point, and it were off by only about half of a point, kaching, we have an arbitrageable situation.

and then, also, there are probably other ways to play these numbers that i havent noticed.

mahalo.
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  • #36
  • May 16, 2013 7:34am May 16, 2013 7:34am
There is no such thing as overbought of oversold, they are just words to give meaning to useless indicators.
  • #37
  • May 16, 2013 7:52am May 16, 2013 7:52am
Quoting GDR3k
There is no such thing as overbought of oversold, they are just words to give meaning to useless indicators.
i agree with you entirely.

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  • #38
  • May 16, 2013 8:51am May 16, 2013 8:51am
Quoting vbangle
{quote} Not with an attitude like that. And what's your definition of "long term"?
Long term can be 1 day for some or 20 years for an odd ball performance. In the end no one wins. If you must do it best to see as a game and not a carreer, and especially not a business or a profession.
  • #39
  • May 16, 2013 1:41pm May 16, 2013 1:41pm
my work is now finished.

i am so happy.

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  • #40
  • May 16, 2013 2:03pm May 16, 2013 2:03pm
What kind of work mate? Are you giving us the real causes of failure or what? It would be great if you can share your experiences regarding your losses and what you learnt from them
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