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Is there a drawdown indicator out there? 3 replies

Is there anywhere I can see everyone's open orders 4 replies

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Everyone gambles if there is risk

  • #41
  • Feb 27, 2014 3:52am Feb 27, 2014 3:52am
Quoting Mingary
Stopping by for 2 seconds to hear singing from the choir.
True dat, Sir.

It's funny to see that some people become very nervous, when we start telling the truth.

I just can't understand why some people keep up their LIES for so long, pretending to be someone they are not. I don't know who are they trying to fool. Or maybe some subliminal gathering of future suckers, errrr... clients...

They are only fooling themselves, and in the end, they all finish the same way. They will not be here in 3 years. Heck, not even in 2 years. That's a FACT.

Ciao.
The Black Swan: The Impact of the Highly Improbable
  • #42
  • Feb 27, 2014 4:06am Feb 27, 2014 4:06am
The defensive responses you've experienced are no surprise and they'll have primarily come from inexperienced traders still infatuated with the dreams this bizarre industry sells. You've been around the block, probably mature in age and taken a few knocks. It'd be an interesting exercise to interview these respondents in a few years time.




Quoting MapleLeaf
{quote} True dat, Sir. It's funny to see that some people become very nervous, when we start telling the truth. I just can't understand why some people keep up their LIES for so long, pretending to be someone they are not. I don't know who are they trying to fool. Or maybe some subliminal gathering of future suckers, errrr... clients... They are only fooling themselves, and in the end, they all finish the same way. They will not be here in 3 years. Heck, not even in 2 years. That's a FACT. Ciao.
  • #43
  • Edited 6:14am Feb 27, 2014 5:53am | Edited 6:14am
To Squeeze, MapleLeaf, Mingary and the OP ..

This is really bizarre.

I must be missing something. You guys are just screwing around right and I'm missing it. The only reason I'm on this forum is to learn. I won't be here in a year... Actually I won't be here in a few weeks because I don't need this place any longer. Everything I needed I found. I also contributed some of what I learned and I'm pretty much done contributing what works for me because my charts in 10 years would look similar to the charts now.

I agree it is responsible to post the risk of Forex but you 4 are like ambassadors of the forms we must fill out. So you hang out here year after year preaching about forex is a sham. Why?

Honestly answer why. Did God appear to you all and say your mission is to protect people from the forex market.

I must be missing something...

Sure there will always be sharks around when there's money involved but they're easy to spot. No one needs to pay to learn how to trade. The info is everywhere for free.

I belong to fishing forums, motorcycle forums, hot rods, trucks you name it. This is the most bizarre place I've found.....

If I post an Explorer with 25 straight positive trades, average 10 pips a pop, will you say I hacked the explorer?

Maybe you guys are really successful and trying to throw everyone off the scent. That must be it. Ahhh maybe that's it. I would feel better if that was the case...
SPC * Swollen PocketZ Crew!
  • #44
  • Feb 27, 2014 7:15am Feb 27, 2014 7:15am
Quoting JoeNY
To Squeeze, MapleLeaf, Mingary and the OP .. This is really bizarre. I must be missing something. You guys are just screwing around right and I'm missing it. The only reason I'm on this forum is to learn. I won't be here in a year... Actually I won't be here in a few weeks because I don't need this place any longer. Everything I needed I found. I also contributed some of what I learned and I'm pretty much done contributing what works for me because my charts in 10 years would look similar to the charts now. I agree it is responsible to post the...
Joe, it's simple. Maple Leaf and his Merry Band of Trolls are the negative Nellies of Forex Factory. I've tried posting screen shots, statement summaries, and myfxbooks shots not to brag but to try and show these disbelievers that people are making money and good money trading Forex. You can't win here because THEY will never believe any of it saying it's photoshopped or it's a demo or something else....So I won't go there anymore.

I'm surprised ML hasn't challenged you to his bet of making $24K a year. I would NEVER think of engaging this type of slime in a financial endeavor even though I make that amount trading in about 5-6 weeks consistently. You just can't win in the trolling wars. It's like the Zombies in the Walking Dead, they just keep coming
  • #45
  • Feb 27, 2014 7:21am Feb 27, 2014 7:21am
Oh OK, so they just have a history of shit stirring here... I choose to be a positive person, I guess that's why I can't understand people like that. Especially to take the time out of their lives to post their bad feelings online...

I won't bother entertaining this then..... Thx



Quoting yazzie
{quote} Joe, it's simple. Maple Leaf and his Merry Band of Trolls are the negative Nellies of Forex Factory. I've tried posting screen shots, statement summaries, and myfxbooks shots not to brag but to try and show these disbelievers that people are making money and good money trading Forex. You can't win here because THEY will never believe any of it saying it's photoshopped or it's a demo or something else....So I won't go there anymore. I'm surprised ML hasn't challenged you to his bet of making $24K a year. I would NEVER think of engaging this...
SPC * Swollen PocketZ Crew!
  • #46
  • Edited 7:35am Feb 27, 2014 7:23am | Edited 7:35am
GBP looking strong this morning.... USD a bit weak... hmmmmm (-; But USD news in a few.... game can change in a flash
SPC * Swollen PocketZ Crew!
  • #47
  • Edited 9:18am Feb 27, 2014 9:05am | Edited 9:18am
I couldn't help myself... So while I'm waiting for a set-up on the e-mini, here ya go...

Probably my last post on this forum to help anyone trying to figure this crap out.

1.) Entry
2. ) If you read my post above, #47 and entered immediately when I posted it 8:25am EST, you would be in position 2.
3.) Take profit is position 3 where you draw a line... So at position 2, you would be 23 pips richer, minus spread... 20 pips..

Does the chart look familiar... Same shit different day.... Boringgggggggggggggg...

Call it gambling, call it what you want...

Sharpen your pencils, dot your i's and cross your t's... Do your homework and.... Do your own due diligence...

Over & Out...

Attached Image
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  • #48
  • Feb 27, 2014 9:59am Feb 27, 2014 9:59am
Quoting MapleLeaf
They may call it something else, like the stock market, or FOREX. But make no mistake. If you're risking something, you're gambling. The odds of profiting in FOREX after 2 quarters of live trading are roughly the same as hitting runner-runner flush in a hand of Texas Hold 'Em. And no, don't tell me you hit a runner-runner flush in a hand of Texas Hold 'Em pretty often... All said...
Everything in life bears some risk, and could be broadly labelled as gamble in some sense or another. Taking risk does not necessarily mean one is engaging in reckless gambling behavior though. Not all risks are equal under the eyes of probability.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #49
  • Feb 27, 2014 10:20am Feb 27, 2014 10:20am
seriously, u need help, lol

u cannot declare something false only because u have not seen one

now that you lose (or never had) faith, why stick here? very funny ......

this last month, i went to my good friend's private hedge fund.

his fund is newly online since jan 2014. so far 37% (1.5% approx. daily gain). never more than 1% DD. sharpe ratio is about 15+. the expect % growth may be 200% ~ 500% this year. their strategy is dynamic (being tuned all time).......

well, i understand that my typing above may be totally crap to you as on this forum, tons of members have said similar things to you. but hey, your post/threads of this "you cannot make it trading a market" is really worthless, i'm not sure what your purpose is? destroy FF? lol

Quoting MapleLeaf
They may call it something else, like the stock market, or FOREX. But make no mistake. If you're risking something, you're gambling. The odds of profiting in FOREX after 2 quarters of live trading are roughly the same as hitting runner-runner flush in a hand of Texas Hold 'Em. And no, don't tell me you hit a runner-runner flush in a hand of Texas Hold 'Em pretty often... All said...
  • #50
  • Feb 27, 2014 11:59am Feb 27, 2014 11:59am
I know I'm a little bit late to the the party, but I thought I'd share this since it hasn't been posted already...

IMO, trading can be gambling, and it can not be gambling. Playing poker can be gambling, and it can not be gambling. It all depends on knowledge. The reason you see the same big players back at the final tables is because they aren't the gamblers. The reason you see the same big players back for another day in the market is because they aren't the gamblers. The difference between a trader and a gambler is that a trader has a proven system. He understands the probability of his success versus failure and knows when to go in.

An old guy at a poker table in a cruise ship who decides to go all in on pocket queens is gambling. He doesn't know his likelihood of success given his hand, player position, size of the pot, etc. Regardless of whether he won or lost, he still gambled. Yes, I realize poker and forex aren't the same, but if you can't admit to yourself that forex is a statistics game then I don't care. I'm 100% sure you aren't a trader.

The only way to separate the wheat from the chaff is time. Knowledge, statistics, and balls of steel make the "same old big players."
I'm a dog chasing cars.
  • #51
  • Edited 2:29pm Feb 27, 2014 1:43pm | Edited 2:29pm
Quoting JoeNY
If you read my post above, #47 and entered immediately when I posted it 8:25am EST, you would be in position 2. 3.) Take profit is position 3 where you draw a line... So at position 2, you would be 23 pips richer, minus spread... 20 pips.. Does the chart look familiar... Same shit different day.... Boringgggggggggggggg... Call it gambling, call it what you want... Sharpen your pencils, dot your i's and cross your t's... Do your homework and.... Do your own due diligence... Over & Out... {image}


Saying "USD a bit weak" is not a trade call to enter GU with a target of 1.6674.

If you really want to show people how easy this is, don't post a chart after the fact, do it before price moves.

As for this thread, the OP has a point. Success is the exception, not the average. So if the majority of people are average, many of them will lose money at trading. This shouldn't be a big surprise to anyone.

If someone lacks skill and doesn't understand market functionality, then their process will be subject to the same random odds as a card game for an average player.

Successful traders don't need to answer to anyone. Wealth is it's own reward. This is why forum discussions tend not to be a good measure of reality. The people clamoring to prove something typically are those who haven't proven it in the real world, while others who fail think no one else can do it, and those who've made it can't be bothered with discussions like this.
  • #52
  • Edited 3:03pm Feb 27, 2014 2:52pm | Edited 3:03pm
Ahhh Post 31, 32 and 37 was a live trade. Check the times on the post and your charts. Another fuckin' guy quick to post shit and not read the entire thread... Give me a fuckin' break....The post you're talking about was to prove a point about similarities.. Check my journal.... I think everything in there was live... check the times and stop being a dick... you missed the fucking point... Jesus H christ.... jerk Off after jerk Off.... I'm not a professional and I'm not selling anything. i hate when people talk shit and don't know what they are talking about.... Now get lost or apologize...


Quoting Luther
{quote} Saying "USD a bit weak" is not a trade call to enter GU with a target of 1.6674. If you really want to show people how easy this is, don't post a chart after the fact, do it before price moves. As for this thread, the OP has a point. Success is the exception, not the average. So if the majority of people are average, many of them will lose money at trading. This shouldn't be a big surprise to anyone. If someone lacks skill and doesn't understand market functionality, then their process will be subject to the same random odds as a card game...
SPC * Swollen PocketZ Crew!
  • #53
  • Feb 27, 2014 3:01pm Feb 27, 2014 3:01pm
The majority of the world is full of slackers. More than half the guys I work with think they work hard. They think they deserve more money and perks. They have no clue what a hard days work is. Now the guys on my job who never stop and think they didn't do enough... Those are the true hard workers.... They are my idols... I follow their methodology and always think I'm not doing enough...
SPC * Swollen PocketZ Crew!
  • #54
  • Feb 27, 2014 3:02pm Feb 27, 2014 3:02pm
Quoting Luther
Successful traders don't need to answer to anyone. Wealth is it's own reward. This is why forum discussions tend not to be a good measure of reality. The people clamoring to prove something typically are those who haven't proven it in the real world, while others who fail think no one else can do it, and those who've made it can't be bothered with discussions like this.
Agreed to a certain extent but there seems to be some general consensus that if you are posting in these forums then you are not profitable. That's clearly not the case at all. Seems like more want to agree with the negative trolls who say it can't be done than those who say it can and ARE doing it day in and day out.......
  • #55
  • Edited 3:21pm Feb 27, 2014 3:08pm | Edited 3:21pm
Misery loves company.....

Quoting yazzie
{quote} Agreed to a certain extent but there seems to be some general consensus that if you are posting in these forums then you are not profitable. That's clearly not the case at all. Seems like more want to agree with the negative trolls who say it can't be done than those who say it can and ARE doing it day in and day out.......
SPC * Swollen PocketZ Crew!
  • #56
  • Feb 27, 2014 3:16pm Feb 27, 2014 3:16pm
I just caught this part of your post. You really have no idea what you're talking about.... Do you need to borrow my pencil sharpener? You must be a fortune teller because I don't think I ever placed a trade before price made a move. Not saying it's not possible but I don't know how to do that.... I wait for the market to go and i go with it. maybe I got it all wrong.... Can I borrow your crystal ball....

Quoting Luther
{quote} If you really want to show people how easy this is, don't post a chart after the fact, do it before price moves
SPC * Swollen PocketZ Crew!
  • #57
  • Edited 4:31pm Feb 27, 2014 3:58pm | Edited 4:31pm
Quoting yazzie
{quote} Agreed to a certain extent but there seems to be some general consensus that if you are posting in these forums then you are not profitable. That's clearly not the case at all. Seems like more want to agree with the negative trolls who say it can't be done than those who say it can and ARE doing it day in and day out.......
The point I was making is getting pulled into stupid arguments or having to prove something, not that some people who post on the forum aren't profitable. Like Einstein said, "If you argue with idiots, they'll drag you down to their level and beat you with experience." So it isn't worth it.


Quoting JoeNY
Ahhh Post 31, 32 and 37 was a live trade. Check the times on the post and your charts. Another fuckin' guy quick to post shit and not read the entire thread... Give me a fuckin' break....The post you're talking about was to prove a point about similarities.. Check my journal.... I think everything in there was live... check the times and stop being a dick... you missed the fucking point... Jesus H christ.... jerk Off after jerk Off.... I'm not a professional and I'm not selling anything.

That post was the only thing I read of yours, so when you said, "If you read my post above, #47 and entered immediately...". I went to post #47, but it made no sense as a trade entry, so I commented.

If that was a continuation of some conversation from somewhere else in this thread, my apologies. I didn't have the time or patience to read the whole thread. One page was enough to be honest.

If you're making money, that's all that matters.

And what I meant by when price moves, was before price hit the target, not the entry signal. I only trade entry signals, guessing isn't trading.
  • #58
  • Edited 4:19pm Feb 27, 2014 3:58pm | Edited 4:19pm
Quoting MapleLeaf
They may call it something else, like the stock market, or FOREX. But make no mistake. If you're risking something, you're gambling. The odds of profiting in FOREX after 2 quarters of live trading are roughly the same as hitting runner-runner flush in a hand of Texas Hold 'Em. And no, don't tell me you hit a runner-runner flush in a hand of Texas Hold 'Em pretty often... All said...
if you try to live a life. any life. there is risk. mathematical perfection of theory and religious perfection of theory is very good for a peacefull mind. but not reality based.

a little add. can you tell me what the chances are did you compute them?

here is a nice statistic with actual figures from brokers. http://theessentialsoftrading.com/Bl...tability-data/
  • #59
  • Feb 27, 2014 4:18pm Feb 27, 2014 4:18pm
Not a problem brotha, it's all good.. Apology accepted....

Quoting Luther
{quote} That post was the only thing I read of yours, so when you said, "If you read my post above, #47 and entered immediately...". I went to post #47, but it made no sense to me as a trade entry, so I commented. If that was a continuation of some conversation from somewhere else in this thread, then I apologize. I didn't have the time or patience to read the whole thread. One page was enough to be honest. If you're making money, great. That's all that matters. And what I meant by when price moves, was before price hit the target, not the entry signal. I only trade entry signals, guessing isn't trading.
SPC * Swollen PocketZ Crew!
  • #60
  • Feb 27, 2014 4:26pm Feb 27, 2014 4:26pm
Quoting 60minuteman
70% of Harvard graduates thought they were in the top 5%, it's a human trait.
hey 60. can you please elaborate more on this statement. it sounds like fun.
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