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Gambler trading (with some MM), who says it can't be done?

  • #101
  • Dec 22, 2013 5:12pm Dec 22, 2013 5:12pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
so 10 percent risk means you will never blow the account then right and there is no risk at all so no need for concern.. right?!!!
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #102
  • Dec 22, 2013 5:27pm Dec 22, 2013 5:27pm
Quoting Owl
so 10 percent risk means you will never blow the account then right and there is no risk at all so no need for concern.. right?!!!
Vitez has not supplied any trade data to calculate Owl but this data should tell you what the probabilities are.

http://2ndskiesforex.com/strategies-...u-should-know/
tradewith60
  • #103
  • Dec 22, 2013 7:11pm Dec 22, 2013 7:11pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Ok 60 I looked over the link and I have decided to never try to be creative ever again in my

natural born whole entire life...happy now?...that's what you wanted right?...I see the morbidness

running rampant in this thread and it stinks but I'll say this for anybody who think it's ok to

trade and invest with these sorts of concepts without having time tested proven strategies

(note the plural) in place deserves to be taken to the cleaners and I believe the smart understand

that so to the ones who know better are the ones who this is reserved for they the ones who

have the ancient neanderthal caveman 0.01 percent accounts in place too but they savvy enough

to want to run this alongside those in order to gain the reward that is well worthy of seeking out....

You see 60 you can't sway the ones who are the masters of compounding, leverage,money management,

and risk reward ratios....because these are the only ones who will ever accomplish these type of

feats get it? and the ones lacking the last 3rd trait remember? will be the ones with skill to do it but

will never attempt to do it in part of a total dismissal on their own behalf due to lack of a complete creativity,capacity and competence level....

You keep talking about instead compound 10 percent risk as if your account still won't get busted if you don't know what the frag you're doing

in the first place so what are you really trying to say like what message are you really try to convey to the people ask yourself this and then tell me 60
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #104
  • Dec 22, 2013 8:33pm Dec 22, 2013 8:33pm
Quoting Owl
Ok 60 I looked over the link and I have decided to never try to be creative ever again in my natural born whole entire life...happy now?...that's what you wanted right?...I see the morbidness running rampant in this thread and it stinks but I'll say this for anybody who think it's ok to trade and invest with these sorts of concepts without having time tested proven strategies (note the plural) in place deserves to be taken to the cleaners and I believe the smart understand that so to the ones who know better are the ones who this is reserved for...
Exponential growth with sound money management are not mutually exclusive. Risking 50% per trade is not wise, but you can still get exponential growth without betting the farm, it just takes more time! Of course, more time means more discipline.......
If you are good at something, never do it for free--Joker
  • #105
  • Dec 22, 2013 9:02pm Dec 22, 2013 9:02pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Ok dark morbid brothers of the night which is the lies I hear y'all but can't see and receive y'all because I'm leading out front with the light which is the truth peace out y'all can have and devour this thread now....I played my part..I'm out....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #106
  • Edited 9:38pm Dec 22, 2013 9:15pm | Edited 9:38pm
Quoting Owl
Ok dark morbid brothers of the night which is the lies I hear y'all but can't see and receive y'all because I'm leading out front with the light which is the truth peace out y'all can have and devour this thread now....I played my part..I'm out....
Don't run away Owl! You have preached the gospel, but it has some holes. Constructive dialogue can still ensue!

Edit: That Owl fella has some thin skin. He put me on ignore for telling him the truth, alas, that is how it usually goes.
If you are good at something, never do it for free--Joker
  • #107
  • Edited 10:00pm Dec 22, 2013 9:47pm | Edited 10:00pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
lol...I hear you!!! I ain't ignore 60 but I ignored you your lack of wit shows me the reason why you don't know why i put you on the list lmfao ....I'm not running away I'm just turning my back and sure but of course others can try all they want to do constructive dialogue with y'all types but it won't come from me in this thread no more babyboy? thin skin ha ha don't make me laugh with more darkness which is the lies once again the dribble that you spewing forthwith and for the record I didn't ignore you cuz of the lies you spoke just now it's because you tried to flaunt your lack of wit to an AMT expert in the other thread and got schooled and then you had to come in here flaunting more of your lack of with and I can't stand to deal with or hear out synthetic and heresy experience experts so peace out and as always study up more to get and gather more facts instead of hoarding the dark opinionated lies that you're so full of so peace out dark brother of the night once again you won't see me in this thread again it's like 2 or 3 brothers of the light fighting the whole army of darkness in here so y'all can have this I'm out.....
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #108
  • Dec 23, 2013 1:44am Dec 23, 2013 1:44am
Quoting Vitez
{quote} Just fking with her...while you my friend need a beating!
So it's just as well you don't know who I am then. I don't know you, I don't know if you are joking or not. I'm shocked.

Claudia, it seems like you are happy with the attention, so I'll leave you to it.
  • #109
  • Dec 23, 2013 2:51am Dec 23, 2013 2:51am
Owl, The bell tolls for those who die like cattle, (quote W Owen) what are you taking?. Whatever it is you need to change it or you'll have permanent damage.
The name of this thread is emblazoned with the title GAMBLING, does this not ring bells ding ding. Some people do try to help others here in FF.
I used to compound big time and just before I retired I was hitting 10 trades in a row, If you have a good game plan it can be done but great thought and execution has to be made not a dream that 3 wins in a row at 10% or what ever the rules are. (ok I have only read the last 20 posts approx.) Be good my feathered friend not ding ding
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #110
  • Dec 23, 2013 4:59am Dec 23, 2013 4:59am
Quoting jmn5611
{quote} Don't run away Owl! You have preached the gospel, but it has some holes.
I disagree. His 'gospel' might have included some typical positive thoughts, but he only seems to come here to preach and not discuss.


Quoting jmn5611
{quote} Edit: That Owl fella has some thin skin. He put me on ignore for telling him the truth, alas, that is how it usually goes.

Indeed. I made a comment about one of his posts that seemed (typically so) to be rather oddly worded and overly cryptic and then...bang, on ignore I go. :-/




If people aren't here for a dialogue, but just here to speak to those that will listen and applaud, then what is the point? Get your 'followers' to like you on twitter, or join your blog or facebook page and listen to what you have to say there. The rest of us won't have to deal with it then.


For those that do come here; join in and discuss the topics at hand and stop being so snide, arrogant and dismissive to others.
  • #111
  • Dec 23, 2013 7:16am Dec 23, 2013 7:16am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
^^^^^Ok super ego henchmen with legions of minions with the dark cloak and capes on looking and moving like silhouettes only you dark types won't understand me always remember that and know the difference between answering questions in a discussion and preaching because that's what you masters of lies love to do you take the truth twist it for your own use and make your lies and deceptions seem so real because it's only the half truth which is why anyone would listen to and believe y'all type in the first place trick knowledge and foolery at it's finest by you nitwit clowns up here...

Hey Billy even you should not to be so dismissive of bonus side projects cuz even your 5 yr old daughter with the 2/20 ema cross can surely get 3 wins in a row right? gtf outta my face with that corny sh*t your bells been permanently damaged ding dong
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #112
  • Dec 23, 2013 7:50am Dec 23, 2013 7:50am
Quoting claudia1
{quote} Maybe you miss my point. I'm talking about the average person on here who has no or very little knowledge of how markets operate. Open a small account and blow it very quickly. Knowledge or lack of it. That is pure gambling. I have traded professionally for nearly 20 years now - maybe I am uniformed as you so kindly say. I agree with some of your comments. But still say the average retail 'trader' is gambling. Let's leave it there it's a pointless argument/debate. Thanks for the reply and good luck.
Im sorry but you did not made the point, that you are making right now(to which i agree).

and whats up with ignoring me? is that a new thing around here?
.
  • #113
  • Dec 23, 2013 8:21am Dec 23, 2013 8:21am
Quoting 60minuteman
{quote} Vitez has not supplied any trade data to calculate Owl but this data should tell you what the probabilities are. http://2ndskiesforex.com/strategies-...u-should-know/
Thank you for the link. So I need to be more than 50% right in order to avoid total ruin...can I do that?...emm YES! I think most of us can be right more than 50% of the time trading only 5-10 trades per month with R:R of 1:1...Can't you?

Well I'm gonna try with 0.01 lots anyway I'll journal the results and see what happens. Mostly 1H chart.

Rags any success yet?
  • #114
  • Dec 23, 2013 8:45am Dec 23, 2013 8:45am
Quoting Vitez
{quote} Thank you for the link. So I need to be more than 50% right in order to avoid total ruin...can I do that?...emm YES! I think most of us can be right more than 50% of the time trading only 5-10 trades per month with R:R of 1:1...Can't you? Well I'm gonna try with 0.01 lots anyway I'll journal the results and see what happens. Mostly 1H chart. Rags any success yet?
yeah you can... it's not the easiest way to trade by any means, but it is doable.

Me I look for 20-30% win rate and 1/20+ RR...
tradewith60
  • #115
  • Dec 23, 2013 8:46am Dec 23, 2013 8:46am
Quoting Owl
^^^^^Ok super ego henchmen with legions of minions with the dark cloak and capes on looking and moving like silhouettes only you dark types won't understand me always remember that and know the difference between answering questions in a discussion and preaching because that's what you masters of lies love to do you take the truth twist it for your own use and make your lies and deceptions seem so real because it's only the half truth which is why anyone would listen to and believe y'all type in the first place trick knowledge and foolery at it's...
wow Owl, you are showing your true colours, no need for expletives. My daughter is 10 she started trading at 8 and stopped just after she turned 10. She started trading on ebay selling dolls (perhaps you bought one). I am now in the process of buying her a car wash business ( her money) and obviously she will be silent partner. I think she had a 98% hit rate.
You mention bonus side, get real- NEVER SQUANDER MONEY, people work hard for money so it should be invested wisely including forex not gambled . 3 wins in a row can be done very easily but could you still trade this method at $100 per pip, it starts to get messy and that is what I am getting at.
I will gladly ping Rags and say what I used to do (or part of it) and as for you Owl, go back to school and play with your doll ding ding
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #116
  • Dec 23, 2013 9:24am Dec 23, 2013 9:24am
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
^^^^Says the dark grand master wizard.... lol.........
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #117
  • Dec 23, 2013 12:46pm Dec 23, 2013 12:46pm
Quoting 60minuteman
{quote} yeah you can... it's not the easiest way to trade by any means, but it is doable. Me I look for 20-30% win rate and 1/20+ RR...
Then you must try quite a few times before you catch a nice trend...that's why 20-30% win rate I guess. Do you enter on 1H chart? What % gain per month do you make?
  • #118
  • Dec 23, 2013 1:18pm Dec 23, 2013 1:18pm
Quoting Vitez
{quote} Then you must try quite a few times before you catch a nice trend...that's why 20-30% win rate I guess. Do you enter on 1H chart? What % gain per month do you make?
let me explain a way of trading that can make gains way way beyond anything most people consider.

1.Wait for price to change direction.

2.Take a trade in that direction.

3.Soon you end up with a chain of entries that survive any retraces, you are now trading a trend.

4.You add more positions in the same manner and if you get entries against the trend you still take them.

5.In a relatively short period of time you will have 5-10 or more trades in direction of the high TF trend.

Lets say you have 10 short positions and price drops 100 pips on Monday, your profit for the day is 1000 pips for doing nothing.

As long as the timeframe you enter on trends, this will always be the case....FACT.

Now there is some other elements you need to consider to keep profit and equity curve smooth, but that requires many more posts.


This is how the really big money is made in trading, im talking about thousands of pips a week, but you can bet your ass that educators, brokers or anyone else who makes money from traders losing are never going to tell you this..... They want you to go round and round forever, never really succeeding. They want you to be forever starting from scratch, whereas you should go with the flow of the market, taking small risk entries at good locations (direction changes)

This threads existence is proof of what I say if nothing else,
tradewith60
  • #119
  • Dec 23, 2013 2:46pm Dec 23, 2013 2:46pm
Quoting 60minuteman
{quote} let me explain a way of trading that can make gains way way beyond anything most people consider. 1.Wait for price to change direction. 2.Take a trade in that direction. 3.Soon you end up with a chain of entries that survive any retraces, you are now trading a trend. 4.You add more positions in the same manner and if you get entries against the trend you still take them. 5.In a relatively short period of time you will have 5-10 or more trades in direction of the high TF trend. Lets say you have 10 short positions and price drops 100 pips...
I agree it's either scaling in as you describe or gambler style. I notice that often a trend will change very violently giving us a chance to enter late. For instance EURUSD or EURGBP lately...it would be tricky to scale in..
  • #120
  • Edited 12:34pm Dec 26, 2013 11:13am | Edited 12:34pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
Quoting 60minuteman
{quote} let me explain a way of trading that can make gains way way beyond anything most people consider. 1.Wait for price to change direction. 2.Take a trade in that direction. 3.Soon you end up with a chain of entries that survive any retraces, you are now trading a trend. 4.You add more positions in the same manner and if you get entries against the trend you still take them. 5.In a relatively short period of time you will have 5-10 or more trades in direction of the high TF trend. Lets say you have 10 short positions and price drops 100 pips...

Quoting Owl
Lets say I have $10,000 and I take $1,000 and go and get 10 live accounts with all separate brokers and after spotting an entry on one currency pair based off system's criteria coming from a 11th DEMO account enter 10 pending orders all across the board on EACH of the live accounts so in essence you'll have 100 pending orders each with a 10 pip sl and 10 pip tp and when all hit we'll end up with 1000 pips which if using the correct leverage and MM will give close to the 10 percent per account needed to achieve 100 percent a month and once the goal...
I posted a more elaborate approach of your suggestion back in August in the other thread the OP started but you also came in there too stating that it was futile or useless to try and do.....So point is that if you can't trade with expertise well then you can't make a profit and if you don't have the last 3rd trait well then you won't even attempt to trade creatively for lucratively more profits....so just stop sounding like a walking vortex already and give it up as if what you are saying requires no risk at all and that it's the absolute only way to gain impressive profit your way.....all your quote is just another form of trading in which I keep hearing is all just a gamble anyway,right?....gimme a break,60
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
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