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All Indicators Trading system

  • #1,421
  • Aug 13, 2013 3:00am Aug 13, 2013 3:00am
Quoting xtrader101
{quote} This why I suggested to only close 27 as you only wanted to trade 3 not 30 and you close everything. There is always next time.
I was just pissed off a bit , besides , it's quite rare for me to make such a mistake and the market moves in my direction , if i hadn't realized the mistake and woken up this morning i would be having £3000 , and jumping.Anyway , there is always a next time
--Eur Usd @ I never played the tanks man , to busy making money
  • #1,422
  • Aug 13, 2013 3:03am Aug 13, 2013 3:03am
Quoting Eur Usd
{quote} I believe you haven't played World of Tanks?
Nope, I guess i'm too old for video games. My son plays a lot of games and I just watched him play.
Fear prevent possibilities, and so does Greed
  • #1,423
  • Aug 13, 2013 3:05am Aug 13, 2013 3:05am
I am in mid 30s and still play them ;-)
tafa - making what? ;-) is there something we don't know?
On my way to financial independence - if others can do it - I can do it
  • #1,424
  • Aug 13, 2013 3:10am Aug 13, 2013 3:10am
now bit about EUR/JPY - always when I have doubts as where it will go I go to http://www.forexfactory.com/showthread.php?t=409366
hoping that there are people who are gurus and know where it will go. Last week I saw 128.30 as a really strong support. I went to the thread and all the traders with their fancy chart analysis were saying that the price will go at least below 128.30. I looked at daily chart and seen the strong support and knew it will go up.... nevermind, if they haven't messed with my head I wouldn't close my position and would still have nice profit. I'll never listen to bs of others - I see the chart, I know where it will go. Maybe they are long time traders and for them move of 100 pips is only 1% of account - one way or another I will never listen to what others have to say - I see how the market goes - me, myself
On my way to financial independence - if others can do it - I can do it
  • #1,425
  • Aug 13, 2013 3:25am Aug 13, 2013 3:25am
Quoting Eur Usd
now bit about EUR/JPY - always when I have doubts as where it will go I go to http://www.forexfactory.com/showthread.php?t=409366 hoping that there are people who are gurus and know where it will go. Last week I saw 128.30 as a really strong support. I went to the thread and all the traders with their fancy chart analysis were saying that the price will go at least below 128.30. I looked at daily chart and seen the strong support and knew it will go up.... nevermind, if they haven't messed with my head I wouldn't close my position and...
Don't listen to people man , no one knows where this market will go , trust me
  • #1,426
  • Aug 13, 2013 3:25am Aug 13, 2013 3:25am
£4000 mark is proving to be the one to beat I tell you .
  • #1,427
  • Aug 13, 2013 3:27am Aug 13, 2013 3:27am
Quoting tafadzwa02
£4000 mark is proving to be the one to beat I tell you .
I see it's hard for you, look at the bright side, at least you got back some of your losses.
and you're right. people talk bullshit - that's why I never read analysis released by forex related pages - it's all bullshit and usually goes opposite
On my way to financial independence - if others can do it - I can do it
  • #1,428
  • Aug 13, 2013 3:28am Aug 13, 2013 3:28am
Quoting Eur Usd
{quote} I see it's hard for you, look at the bright side, at least you got back some of your losses. and you're right. people talk bullshit - that's why I never read analysis released by forex related pages - it's all bullshit and usually goes opposite
in the next 5 Minutes GBPUSD is gonna move , to where?I am thinking of doing a gamble here
  • #1,429
  • Aug 13, 2013 3:29am Aug 13, 2013 3:29am
Quoting Eur Usd
now bit about EUR/JPY - always when I have doubts as where it will go I go to http://www.forexfactory.com/showthread.php?t=409366 hoping that there are people who are gurus and know where it will go.
You created your own system with its rules and what not. DO NOT ever listen to anyone (except if you are a buddy of a Governor of a Central Bank). Listen and trade your system. NO system will work all the time, but if your system make money over a period of time, you should follow it with all your strength because NOBODY knows where the price is going PERIOD.

If you're in doubt, trade with small lot size, but never miss to enter a trade if it meet the criteria of your system because you'll never know if that trade will be turn out to be your biggest winner. Just make sure your system have a positive expectancy.

I do not trade EJ in my linked accounts, but I do trade it in my Zulutrade provider account (Fxturtle). Like I said lastnight after EJ bounce that it is time to go long as my system told me so, I went long and just close it at 130 for 150 pip gain.

My Zulutrade performance is not doing well except this month when I have time to trade and monitor after I quit my job. I am looking to revive it in the next few months to make it positive again, not overnight, but maybe 2 to 3 months.
Fear prevent possibilities, and so does Greed
  • #1,430
  • Aug 13, 2013 3:43am Aug 13, 2013 3:43am
Quoting tafadzwa02
{quote} in the next 5 Minutes GBPUSD is gonna move , to where?I am thinking of doing a gamble here
DO NOT do it master yoda. Bank traders makes money for the bank because of the controls and restrictions place on them. Trading our own money makes us the trader and controller of the risk all together. That is why it is difficult and most people will not put the restrictions on themselves.
Fear prevent possibilities, and so does Greed
  • #1,431
  • Aug 13, 2013 3:46am Aug 13, 2013 3:46am
Quoting xtrader101
{quote} DO NOT do it master yoda. Bank traders makes money for the bank because of the controls and restrictions place on them. Trading our own money makes us the trader and controller of the risk all together. That is why it is difficult and most people will not put the restrictions on themselves.
how can you become a bank trader? never seen advert for such position. would be great career opportunity for tafa, as he seems to hate his job ;-)
On my way to financial independence - if others can do it - I can do it
  • #1,432
  • Aug 13, 2013 3:46am Aug 13, 2013 3:46am
Quoting xtrader101
{quote} DO NOT do it master yoda. Bank traders makes money for the bank because of the controls and restrictions place on them. Trading our own money makes us the trader and controller of the risk all together. That is why it is difficult and most people will not put the restrictions on themselves.

Already done it .It was a small % gamble , nothing serious
  • #1,433
  • Aug 13, 2013 3:50am Aug 13, 2013 3:50am
Quoting Eur Usd
{quote} how can you become a bank trader? never seen advert for such position. would be great career opportunity for tafa, as he seems to hate his job ;-)
In Canada, you have to start from an investment advisor position or even a teller, but you must have a university degree. If you are qualified and there is an opening position, most of them start in the back office, but still no guarantee that you can be trader unless you have some wicked connections in the top.

This is an information I got from one of my friends working in one of the big banks.
Fear prevent possibilities, and so does Greed
  • #1,434
  • Aug 13, 2013 3:56am Aug 13, 2013 3:56am
Quoting xtrader101
{quote} In Canada, you have to start from an investment advisor position or even a teller, but you must have a university degree. If you are qualified and there is an opening position, most of them start in the back office, but still no guarantee that you can be trader unless you have some wicked connections in the top. This is an information I got from one of my friends working in one of the big banks.
probably same in England then. and "back office" means shitty salary in my opinion ;-)
lots of banks here advertise (or shall I say were advertising in the past) for front desk positions, a job with prestige, but the salary sometimes lower than dishwasher.
On my way to financial independence - if others can do it - I can do it
  • #1,435
  • Aug 13, 2013 5:28am Aug 13, 2013 5:28am
This game makes me sick to be honest , literally sick


If I make a mistake , and close the trade quickly it moves 200 pips in that direction , If I make a mistake and hope for the best , it comes back and hits me .If I move my stop , it chases it till it hits it , if I leave my stop , it comes and hits me by a pip and goes in my direction , if I set a take profit , it misses the target by a pip ( and I won't be on the PC to check ) and drops quickly so that when I close I only get a little .
Since got too many signals, I have to chose the ones that I feel comfortable with , If I choose them , they don't win , The ones that I leave win .Even if they win , they don’t win as much as the ones that I would have left . This thing is just a f**cked up joke meant to cause people stress, anxiety and turn people into emotional wrecks
  • #1,436
  • Aug 13, 2013 5:36am Aug 13, 2013 5:36am
Quoting tafadzwa02
This game makes me sick to be honest , literally sick
thats why I play world of tanks to balance it ;-)

Quoting tafadzwa02
This game makes me sick to be honest , literally sick If I make a mistake , and close the trade quickly it moves 200 pips in that direction , If I make a mistake and hope for the best , it comes back and hits me .If I move my stop , it chases it till it hits it , if I leave my stop , it comes and hits me by a pip and goes in my direction , if I set a take profit , it misses the target by a pip ( and I won't be on the PC to check ) and drops quickly so that when I close I only get a little . Since got too many signals, I have to chose...
maybe you enter into trade just too early? maybe try to fine tune on lower timeframes? (not sure how your system works, but it is possible in choros/dance)
On my way to financial independence - if others can do it - I can do it
  • #1,437
  • Edited 6:05am Aug 13, 2013 5:44am | Edited 6:05am
Some exit strategy you might consider.

Breakdown your trades into 2 or 3 trades, in which the total risk would be the same when trading in just one trade. Scale out your winners in different stages, but make the stop of all trades the same. Scale out winners, but make stop fixed.
Fear prevent possibilities, and so does Greed
  • #1,438
  • Aug 13, 2013 5:49am Aug 13, 2013 5:49am
tafa, you keep talking about full time trading. imagine yourself you are in full time, and have let's say 400k - bills to pay, food to buy and you see that for 2 months you stand in place but need to pay expenses - how would it affect you? you'd have to take out 2k each month just to live and the trading account stays on same level - would your brain bear it?
On my way to financial independence - if others can do it - I can do it
  • #1,439
  • Aug 13, 2013 6:02am Aug 13, 2013 6:02am
Quoting Eur Usd
tafa, you keep talking about full time trading. imagine yourself you are in full time, and have let's say 400k - bills to pay, food to buy and you see that for 2 months you stand in place but need to pay expenses - how would it affect you? you'd have to take out 2k each month just to live and the trading account stays on same level - would your brain bear it?

I think it will be very hard , especially all these swings .The worst part is when you chose to trade a certain pair and leave the other , the one you leave goes and it happens a few time s you start to feel sick.he other thing is to try and hang on to see out our system , .when you close early , your system will trend when you don't , the market comes back on you .Its difficult I am telling you
  • #1,440
  • Aug 13, 2013 6:08am Aug 13, 2013 6:08am
Quoting tafadzwa02
{quote} I think it will be very hard , especially all these swings .The worst part is when you chose to trade a certain pair and leave the other , the one you leave goes and it happens a few time s you start to feel sick.he other thing is to try and hang on to see out our system , .when you close early , your system will trend when you don't , the market comes back on you .Its difficult I am telling you
so if you're not happy with current job - change it ;-)
On my way to financial independence - if others can do it - I can do it
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