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Ramblings of a Forex Junkie

  • #3,821
  • Dec 30, 2013 7:02am Dec 30, 2013 7:02am
Quoting Xhale
Why do the good threads always have to die an awful death
From what I see it goes something like this.

1. Goodhearted successful trader (but naive to FF) decides to give something back to the Forex community and new traders.
2. Starts thread to teach how to trade using principles (the good threads always deal with principles) and a method of execution (system)
3. FF followers join thinking its a new system
4. OP tries desperatley to point out they are trying to teach principles with a possible method of execution.
5. Followers trade system, not taking the time to undestand the principles and lose trades
6. OP points out losses are part of trading, and shows how some of the losses might have been avoided (or lessened) using principles they have alrady explained.
7. Followers get the feeling there is a secret they are not being let in on and start posting stupid stuff
8. Other 'senior' contributors join thread becasue it is getting attention, some to try and help, most to point out the problems they see with the system.
9. New followers join (normally they are follwoing the other 'seniors' who have just joined) and start asking a thousand basic questions of the OP without reading the thread.
10. OP rethinks point 1 and goes back to trading successfully on their own.

Just my opinion.

Good luck all and happy new year.
  • #3,822
  • Dec 30, 2013 7:10am Dec 30, 2013 7:10am
Quoting 60minuteman
{quote} The reason this thread died was because the OP lost lots of money and everyone witnessed it, ...
IMHO this is not why the thread died - OP was honest about his loss and said he was going to take a few days to get his head together - he never tried to excuse, conceal or deny his loss - that makes him a real trader and someone I would want to learn from. But people thought he couldn't/shouldn't lose. I dare say is happily trading providing for his young family and not worrying about the cr*p he endured here from people who acted like he owed them something.
  • #3,823
  • Dec 30, 2013 7:10am Dec 30, 2013 7:10am
@Hollowhead

Well said. Excellent post.

Edit: Agreed with 60mm that this isn't necessarily why threads die (or this one specifically died) but in general it seems accurate.
  • #3,824
  • Dec 30, 2013 7:11am Dec 30, 2013 7:11am
Quoting anyone
{quote} I'm just asking if any other followers are still trading this method or system. I don't see why I can't ask this question without being branded as "not willing" to put in effort on own study. Let the followers answer if they have positive or negative feedback. If you didn't practice this method or system, then the question is not addressed to you. After all this is what a forum is for, someone start a thread introducing a method or system, and followers join in to participate and ask questions. Unfortunately we have a third group of people...
mate you need to read back, nobody called you a newb until you started throwing accusations and stuff from unrelated threads.

My opinion is that trading SR works but this thread is flawed unless you aim for larger RR, and yes larger than 2.5/1, if you have an issue with others having an opinion on the ideas then you need to leave.

Maybe YOU need to look at the actual thread material and what happened when the thread died.

1. OP makes claim of good results
2. OP shows trade account
3. OP has a bad day
4. Trade account is removed
5. OP makes excuses and leaves
6. OP comes back and blames some exterior interference
7.OP leaves again, doesnt need the trouble


Draw your own conclusions....
tradewith60
  • #3,825
  • Dec 30, 2013 7:12am Dec 30, 2013 7:12am
Quoting anyone
{quote} It's a much repeated forum cliche to come down on people to point out that "newbies" are "looking for holy grail", "without putting in effort". I don't disagree with your comments, but like what 60minuteman is doing on every thread not his own, it appears to talk down on people who asked perfectly valid (and innocent) questions. Maybe people just want to discuss or find out from followers whether the method or system works at all, just that and nothing more. If it doesn't work, it saves time and that's not a bad thing.
Hi, I think you misunderstood me. I have spent a lot of time on FF helping people (and no charge). i answer questions no matter how simple. But some people just want money without trading themselves, some people want many pips not just 20 etc. The majority of threads run by so called traders are basically rubbish , I have seen charts with arrows pointing at long AND short for the following few days???? if one of their trades goes wrong they always have an answer.
This thread of SP is or was one of the best, we didn't see eye to eye but he is a sincere guy and truly believes in his method. Like I said ,I traded a very similar method also traded inside bar and open range breakout, It is all stats and percentages,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,826
  • Dec 30, 2013 7:13am Dec 30, 2013 7:13am
Quoting hollowhead
{quote} IMHO this is not why the thread died - OP was honest about his loss and said he was going to take a few days to get his head together - he never tried to excuse, conceal or deny his loss - that makes him a real trader and someone I would want to learn from. But people thought he couldn't/shouldn't lose. I dare say is happily trading providing for his young family and not worrying about the cr*p he endured here from people who acted like he owed them something.
read back, not what happened, not what he said either.... avoiding facts is why traders lose,

and sure, yeah, he's now sitting on a yacht sipping martini's....
tradewith60
  • #3,827
  • Dec 30, 2013 7:19am Dec 30, 2013 7:19am
Quoting 60minuteman
{quote} mate you need to read back, nobody called you a newb until you started throwing accusations and stuff from unrelated threads. My opinion is that trading SR works but this thread is flawed unless you aim for larger RR, and yes larger than 2.5/1, if you have an issue with others having an opinion on the ideas then you need to leave. Maybe YOU need to look at the actual thread material and what happened when the thread died. 1. OP makes claim of good results 2. OP shows trade account 3. OP has a bad day 4. Trade account is removed 5. OP makes...



You missed out....


8 Creates new profile.
9 creates new thread
10 tries to sucker in more newbie's to become followers and pay for the privilege.
11 repeat until rich.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #3,828
  • Dec 30, 2013 7:23am Dec 30, 2013 7:23am
Quoting Turveyd
{quote} You missed out.... 8 Creates new profile. 9 creates new thread 10 tries to sucker in more newbie's to become followers and pay for the privilege. 11 repeat until rich.
I dont know about that, why are you still here anyway? lool
tradewith60
  • #3,829
  • Dec 30, 2013 7:37am Dec 30, 2013 7:37am
Quoting 60minuteman
{quote} and sure, yeah, he's now sitting on a yacht sipping martini's....
more than 50% of ff.com users are writing from that kind of place... (more than 50% are succesfull trader if you belive what they claim, but i seriouslly doubt...i think the percentage is way bigger, more like 80-90% are succesfull traders, but they are somehow shy about sharing it )

well, except the ones that are mountain lovers (it may be posibile anyway, given the amount of $ gained from forex, to place your yacht on a mountain lake if you really want to...

anyway, Happy New Year
  • #3,830
  • Dec 30, 2013 7:48am Dec 30, 2013 7:48am
Quoting 60minuteman
{quote} I dont know about that, why are you still here anyway? lool

Don't worry I have many other scam ID's which are racking in the newbies!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #3,831
  • Dec 30, 2013 11:41am Dec 30, 2013 11:41am
Quoting bradu
{quote} more than 50% of ff.com users are writing from that kind of place... (more than 50% are succesfull trader if you belive what they claim, but i seriouslly doubt...i think the percentage is way bigger, more like 80-90% are succesfull traders, but they are somehow shy about sharing it ) well, except the ones that are mountain lovers (it may be posibile anyway, given the amount of $ gained from forex, to place your yacht on a mountain lake if you really want to... anyway, Happy New Year
I want a yacht on the feckin moon man!

happy New Year Bradu...
tradewith60
  • #3,832
  • Jan 7, 2014 5:53am Jan 7, 2014 5:53am
What a great thread! Shame about the ending.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #3,833
  • Jan 8, 2014 6:48am Jan 8, 2014 6:48am
Quoting Seneca pilot
http://www.army.mil/article/67921/ This man is a friend since 1992. I served with him in TF160 and I went through basic training and Helicopter school with his son. Any time you think trading is hard read his story. Things happened that cannot be revealed but rest assured that these stories are only part of the adventures the unit went through. Trading is nothing compared to real life so why are you so worried about a little money? Just something to think about. There are real dangers out there and trading is not one of them. Test yourself,...
Wow...Seneca Pilot, this is a very touching and inspiring story of just one man... This is the first time I am actually opening your thread to read despite seeing it for quite a while...I am truly inspired and like you said "Trading is nothing compared to real life "...

Keep the fire burning
  • #3,834
  • Jan 10, 2014 10:13pm Jan 10, 2014 10:13pm
Hello all:

Any questions?
  • #3,835
  • Jan 10, 2014 10:16pm Jan 10, 2014 10:16pm
Quoting Flipper58
What a great thread! Shame about the ending.
I don't know why everyone thinks I lost my ass. I still take money out of the market every day. Trading has been very good lately especially.

I trade highs and lows, express trades, and the big hour each day and am humming along. I do have young children, and I did get a little tired of maintaining the thread but I still will help people who are trying to get this hard business.
  • #3,836
  • Jan 10, 2014 10:25pm Jan 10, 2014 10:25pm
Quoting 60minuteman
{quote} mate you need to read back, nobody called you a newb until you started throwing accusations and stuff from unrelated threads. My opinion is that trading SR works but this thread is flawed unless you aim for larger RR, and yes larger than 2.5/1, if you have an issue with others having an opinion on the ideas then you need to leave. Maybe YOU need to look at the actual thread material and what happened when the thread died. 1. OP makes claim of good results 2. OP shows trade account 3. OP has a bad day 4. Trade account is removed 5. OP makes...
I showed the account and gained 37% in one month. I discussed two days of bad trades where I lost about six trades in a row and lightened my account by 4%. I withdrew the explorer because I wanted my test account back. Nothing more than that.

I never asked anyone on this thread for any money and I resent the accusation.

The R/R used in my trading is mine alone. I advised people to test and use what works for them. I chose to trade R/R for hit rate. I honestly said several times in this thread that I cannot leave trades to run and that I wasn't the best trade manager. I do what works for me and while I feel no need to prove anything to any body I did gain that 37% before taking down the explorer. That was done with a third party site and cannot be disputed.

I am happy to share my methods with people and always will do it freely.
  • #3,837
  • Jan 10, 2014 11:52pm Jan 10, 2014 11:52pm
Quoting Seneca pilot
{quote} I don't know why everyone thinks I lost my ass. I still take money out of the market every day. Trading has been very good lately especially. I trade highs and lows, express trades, and the big hour each day and am humming along. I do have young children, and I did get a little tired of maintaining the thread but I still will help people who are trying to get this hard business.
I wasn't referring to the fact that some may think you lost your ass Chris. I was referring to the fact that after reading this thread from start to finish it seemed to die abruptly which was a great shame, it's without doubt the best thread that I have read on FF in the 12 months I've been coming here as it's taught me a great deal. Your method has become the core of my trading plan as it suits the way I would like to trade so I thank you for all the help.

Would you agree that often times the express trade is where price is leaving S&D levels as described by Mr. Seiden et al?

Thanks again for all the information and glad to hear you're doing well. Hope the wife and twins are in fine fettle.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #3,838
  • Jan 11, 2014 12:03am Jan 11, 2014 12:03am
Quoting Seneca pilot
{quote} I don't know why everyone thinks I lost my ass. I still take money out of the market every day. Trading has been very good lately especially. I trade highs and lows, express trades, and the big hour each day and am humming along. I do have young children, and I did get a little tired of maintaining the thread but I still will help people who are trying to get this hard business.
This was one of the best threads of 2013 and a lot of people gained a lot from your efforts. Have a great 2014 and I salute your informative posts in trying to educate people, it is not a costless exercise and I think I speak for most here that we never questioned your intentions.
Audentes Fortuna Juvat
  • #3,839
  • Jan 12, 2014 7:26am Jan 12, 2014 7:26am
Questions:

1. At a start of a thread u said u are trying to make shift for a bigger levels trading, later u said its not going very good. Did u try anything on that later and if so how did it work ? One already having nice capital could use some more time off screen, at least for me 15min takes way too much of my time. So I was wondering.

2. Statistics of different trades, ever tried to account which type of trades make most of the return and would it make sense to cut the ones that perform worst over big number of trades ?

3. Any new truth u might found out ?
  • #3,840
  • Jan 12, 2014 9:01am Jan 12, 2014 9:01am
Quoting Seneca pilot
Hello all: Any questions?
Hey Chris, stoked to see you still checking in! Hope you had great holidays with your family.
I lurked your thread right from the start and have to say it was a major turning point in my trading. Thank You.
I wanted to ask if you are still working with the longer time frame method using the weekly levels?
I've more or less adapted this method to look for turning points at the weekly levels, but I do use somewhat of a bias at times.

Just wanted to say thanks for sharing, ignore the numpty crowd.
Freedom 30?
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