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Why are most of the traders here failures?

  • #81
  • May 18, 2013 1:13pm May 18, 2013 1:13pm
Quoting hedging
Most of you might already know it that banks manipulation is the biggest cause of our failure. They are feeding on us "the retail traders". That is why the winning ratio is not exceeding the 5% because the banks are not in high numbers and retail traders are more in numbers.

All forex trading banks make money pretty much, huge money so they aren't taking from each other, cause they'd have to be loser banks, so yes they are taking from retail, all of there profits come from retail traders.

I wouldn't say its manipulation though, they just have few but huge accounts, where as we have millions of small accounts, there just very good at what they do, where as for most of us Forex is a bit of a hobby, we blow $100-maybe $10,000 per year on our hobby, in the hope of making it big.

Other than we pay more on spread costs ofcourse, it's a pretty fair game, so losses are all your fault, can't blame the banks.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #82
  • May 18, 2013 2:37pm May 18, 2013 2:37pm
Quoting Mingary
{quote} Yes! Now you get it. I so agree with this statement. It applies to retail forex perfectly. Actually, this is the essence of retail forex.
Yes, except I was referring to you and your negativity as the access door to our weak spots
Come with me if you want to live....
  • #83
  • May 18, 2013 2:42pm May 18, 2013 2:42pm
Quoting Turveyd
{quote} Not me never bought into H4 or candlestick BS or shall. Interesting how you support your likely method, which isnt woeking for you. Love it
I thought so,

You have tried 100's of methods (but not higher TF's) and nothing has worked

And you seem to be translating my current failure into a universal truth

Nice one

Come with me if you want to live....
  • #84
  • May 18, 2013 2:50pm May 18, 2013 2:50pm
Quoting Turveyd
{quote} It's not TF related, you trade M1 or H4 with a 10SL or 200SL and you'll get very much the same results, it's SL and TP size that counts.
I honestly wonder why you guys are here if you are so certain this is a deadest losing enterprise?

What is it that keeps you going?

If you are all trying to protect new prospective traders from blowing their money, why are you blowing your own?

Hilarious and rediculous, almost as stupid as discrediting a method untried.
Come with me if you want to live....
  • #85
  • May 18, 2013 4:30pm May 18, 2013 4:30pm
All are failures because they do not have the patience and experience of understanding plain charts and fundamentals. This is not trading, it is gambling without an edge to almost all here. No edge = guaranteed loss of your lunch money account. I would guess most do not even read finanacial news sources daily. Just look at some of those charts posted. They are so lit up with indicators you cannot even tell where the quote is located. I even read posts here that the U/J advanced because of RSI or some kind of Band Theory. Does anyone here know who Draghi is, or Abe? If you have to google those names I highly recommend you quit fx gambling immediately.
History is written by the victors.
  • #86
  • May 18, 2013 4:32pm May 18, 2013 4:32pm
Quoting Ill-b-back
{quote} I thought so, You have tried 100's of methods (but not higher TF's) and nothing has worked And you seem to be translating my current failure into a universal truth Nice one
Nothing has worked LONG Term, H4 has never worked, the 50% win rate gives you the illusion of it's the right way to trade.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #87
  • May 18, 2013 4:35pm May 18, 2013 4:35pm
Quoting Ill-b-back
{quote} I honestly wonder why you guys are here if you are so certain this is a deadest losing enterprise? What is it that keeps you going? If you are all trying to protect new prospective traders from blowing their money, why are you blowing your own? Hilarious and rediculous, almost as stupid as discrediting a method untried.

It's not negative, it's realistic, it's a damn tough game to beat, if you can beat it then you have the potential of becoming very very rich, that's what keeps most of us going.

I think I merely understand the mechanic's of the market better that you, therefore there is no need to try a H4 method especially based on reading made up candle stick patterns.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #88
  • May 18, 2013 4:41pm May 18, 2013 4:41pm
Quoting Money-RX
All are failures because they do not have the patience and experience of understanding plain charts and fundamentals. This is not trading, it is gambling without an edge to almost all here. No edge = guaranteed loss of your lunch money account. I would guess most do not even read finanacial news sources daily. Just look at some of those charts posted. They are so lit up with indicators you cannot even tell where the quote is located. I even read posts here that the U/J advanced because of RSI or some kind of Band Theory. Does anyone here know who...

Although i openly admit to never reading the news, who has the time really ?? not a trained economist so it doesn't really mean anything to me more often than not it goes the opposite way to what I'd think the news should mean / create.

But yeah, nothing moves due to a RSI or a BB or Idiot Wave, the market moves on news pure and simple, more speculation of future news which mean the news you read live, you might get a short term move off, but they the moves are all about the next big news event.

Longer term H4 trading, opens yourself to to many news events and basically becomes gambling.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #89
  • May 18, 2013 5:15pm May 18, 2013 5:15pm
Reading and understanding world economics is not easy but must be undertaken to be consistent profitable. Read the currency reports from sources like Deutche, Barclays, Goldman, Rbs, etc. Every current report has E/U dropping based on country specific economics and policies. Rarely is an indicator mentioned and if so is usually a fibonacci level along with the FA which I occasionally plot because alot of the big boys use these levels to trade. In my opinion fibs are the only indicator occasionally worth it. I can't remember where I read it but another institution had E/U dropping on a H & S formation along with their FA.
Bottom line is if you get all your FA and TA Fib duckies lined up it's time to bet the farm.
History is written by the victors.
  • #90
  • May 18, 2013 5:21pm May 18, 2013 5:21pm
Quoting Turveyd
{quote} Nothing has worked LONG Term, H4 has never worked, the 50% win rate gives you the illusion of it's the right way to trade.
What 50 percent win rate are you reffering to?

Love seeing traders assume that nothing has worked long term, nothing.

You mean on FF? The retail FF world over? Or something else?

Why not try 4hr, you might find stability in your trading?

Perhaps your blind negative presumption that nothing works is what is holding you back?

Again, if this is correct, what keeps you going, why still try?

Is their perhaps a sane voice of reason that tells you history is littered with so many "impossible" task that have become reality, that your forex impossible dream may become one too.

Your negative statements and persistence clearly contradict one another
Come with me if you want to live....
  • #91
  • May 18, 2013 5:26pm May 18, 2013 5:26pm
Quoting Turveyd
{quote} It's not negative, it's realistic, it's a damn tough game to beat, if you can beat it then you have the potential of becoming very very rich, that's what keeps most of us going. I think I merely understand the mechanic's of the market better that you, therefore there is no need to try a H4 method especially based on reading made up candle stick patterns.
You understand chart mechanics better than me yet by your own admission, you jump from one failed blown account system to another



That's a fantastic statement




Lol...
Come with me if you want to live....
  • #92
  • Edited May 19, 2013 2:20am May 18, 2013 5:36pm | Edited May 19, 2013 2:20am
:from: ********
:Saw your posts...interesting...
:I can see that you subtract one number from another number to get the number for the crossed pair
:but don't see how do you calculate the original number? Do you mind sharing this or enlightening me?

i am working on that nobel prize thingy.

for real.

http://www.nobelprize.org/nobel_prizes/economics
.
Attached Image
contact zero 510-684-1114
  • #93
  • May 18, 2013 5:41pm May 18, 2013 5:41pm
update of the numbers..

view #1:
EURAUD 89
GBPAUD 50
EURCHF 45
EURGBP 39
CADCHF 25
NZDCHF 23
EURNZD 22
EURCAD 20
GBPCHF 6
NZDCAD -2
GBPNZD -17
GBPCAD -19
AUDCHF -44
AUDNZD -67
AUDCAD -69

view #2:
EURAUD 89
AUDCAD -69
AUDNZD -67
GBPAUD 50
EURCHF 45
AUDCHF -44
EURGBP 39
CADCHF 25
NZDCHF 23
EURNZD 22
EURCAD 20
GBPCAD -19
GBPNZD -17
GBPCHF 6
NZDCAD -2

the instructions to play the above numbers:

basic trading system:
sell at or near +100
buy at or near -100
close at or near 0.

arbitrage trading system example:

you can form triangles to calculate for arbitrageable situations(imbalances), as follows:

euraud+audnzd=eurnzd
eurgbp+gbpchf=eurchf
euraud+audchf=eurchf

my firm goal regarding this project has always been that my work should be worthy of taking home the nobel prize in economics.

http://www.nobelprize.org/nobel_prizes/economics

my demo account login is:

Broker: http://www.citifxpro.com/metatrader-4
Login : 2089587303
Password : elu7brc (read only password)

note: citibank turns off the demo servers during the weekend, so it is expected that you will not be able to login until 5pm newyork time on sunday.
Attached Image
contact zero 510-684-1114
  • #94
  • May 18, 2013 5:56pm May 18, 2013 5:56pm
Quoting Ill-b-back
{quote} What 50 percent win rate are you reffering to? Love seeing traders assume that nothing has worked long term, nothing. You mean on FF? The retail FF world over? Or something else? Why not try 4hr, you might find stability in your trading? Perhaps your blind negative presumption that nothing works is what is holding you back? Again, if this is correct, what keeps you going, why still try? Is their perhaps a sane voice of reason that tells you history is littered with so many "impossible" task that have become reality, that your forex impossible...
Says a not profitable H4 trader, have you ever considered trading anything else?

Maybe you might be a stone cold M1 trader.


Used to trade mainly D1 for stocks years back, but totally different animal, news monthly with a current from the feneral day to day news, it pulls it around but never changes its trend.

Unlike forex, trend change 3 times per day.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #95
  • May 18, 2013 5:59pm May 18, 2013 5:59pm
Quoting Ill-b-back
{quote} You understand chart mechanics better than me yet by your own admission, you jump from one failed blown account system to another That's a fantastic statement Lol...
Actually i havent blown an account since 2010 before you joined, up and down but no funds lost in years.


Break even trader, next stop profitable.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #96
  • Edited May 19, 2013 12:11pm May 18, 2013 10:44pm | Edited May 19, 2013 12:11pm
view #1:
EURAUD 89
GBPAUD 50
EURCHF 45
EURGBP 39
CADCHF 25
NZDCHF 23
EURNZD 22
EURCAD 20
GBPCHF 6
NZDCAD -2
GBPNZD -17
GBPCAD -19
AUDCHF -44
AUDNZD -67
AUDCAD -69

view #2:
EURAUD 89
AUDCAD -69
AUDNZD -67
GBPAUD 50
EURCHF 45
AUDCHF -44
EURGBP 39
CADCHF 25
NZDCHF 23
EURNZD 22
EURCAD 20
GBPCAD -19
GBPNZD -17
GBPCHF 6
NZDCAD -2

my demo account login is:

Broker: http://www.citifxpro.com/metatrader-4
Login : 2089587303
Password : elu7brc (read only password)

17.33 hours until trading continues.

please watch the euraud with me, it is your best trade.
Attached Image
contact zero 510-684-1114
  • #97
  • May 18, 2013 11:54pm May 18, 2013 11:54pm
Quoting Turveyd
{quote} Says a not profitable H4 trader, have you ever considered trading anything else? Maybe you might be a stone cold M1 trader. Used to trade mainly D1 for stocks years back, but totally different animal, news monthly with a current from the feneral day to day news, it pulls it around but never changes its trend. Unlike forex, trend change 3 times per day.
Yep, started on 1hr in 2008, went well but ultimately my lifestyle didn't suit it as I am not often able to manage trades or find intraday entries due to work so was not feasable for me.

My point has and always will be that my own current lack of forex success in whatever method I choose, will not drive me to the rediculous conclusion that nothing works in the long run which yourself and others state.

And I won't even bother to address the insane notion that one can legitamately discount a method as unprofitable when one has not even attempted it.

It is a proud and narrow minded man who equates his own and "known" others failure at an endevour as being limits of human capacity. They refuse to entertain the notion that ideas ill favored by the majority (95percent losers) maybe worth exploring. At one time the earth was most definately flat, the sun and universe revolved around the earth and it was impossible to crack the 4minute mile mark.

These are the traits of not only current but far more importantly "ongoing and future" losers.

I noted your "profitable trader" optimism, so perhaps your contradictory "nothing works" rhetoric will be silenced by your own reason.
Come with me if you want to live....
  • #98
  • May 19, 2013 4:02am May 19, 2013 4:02am
Pemully: 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!!!

It's easy for even the newest trader to make demo money, two 5 period simple moving averages set to high and low, above the high is up, below the low is down.
  • #99
  • May 19, 2013 4:24am May 19, 2013 4:24am
MapleLeaf: The offer is still open.
vbangle: So you're here as a good Samaritan then, saving everyone you can from a wasted life spent in the Forex markets? That's a little odd.

vbangle, why the jangle? it's more than a little odd nobody has accepted the jingle.
  • #100
  • May 19, 2013 4:42am May 19, 2013 4:42am
Quoting jgray110
MapleLeaf: The offer is still open. vbangle: So you're here as a good Samaritan then, saving everyone you can from a wasted life spent in the Forex markets? That's a little odd. vbangle, why the jangle? it's more than a little odd nobody has accepted the jingle.
lol!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
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