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12 Years Experience System

  • #41
  • Mar 15, 2014 5:01am Mar 15, 2014 5:01am
SL distances are my TPs (if my SL is 30pip than my TP1: 30 pips, TP2: 60 pips, TP3: 90 pips). In this week i make so much pips, but if you was smart, you can do more, because the AUD/CAD want far... It was arround the TP4. So now, and of the week i can talk, i had to wait the exit, but very hard to catch a movement from the begin to the end, and it's only luck.

Have a nice weekend!
I wish just make at least so much pips...
  • #42
  • Mar 15, 2014 9:37am Mar 15, 2014 9:37am
support and resistance strategy is the most simple and powerfull system. No doubt you can make money from it


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basi ema system
  • #43
  • Mar 15, 2014 9:40am Mar 15, 2014 9:40am
I f a moving average system really worked we would all be millionaires.
  • #44
  • Mar 16, 2014 5:56am Mar 16, 2014 5:56am
Quoting handy148
I f a moving average system really worked we would all be millionaires.
need some experiences just monitor the chart for couple of month any you will know that be simple be profitable
7/10 wining throw using only (S/R) and Moving avarge
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  • #45
  • Mar 16, 2014 6:34am Mar 16, 2014 6:34am
Quoting handy148
I f a moving average system really worked we would all be millionaires.
So developing your point of view, profitable system does not exist, if at least one exist all we would all be millionaires.
JacekPreserve Precious Capital
  • #46
  • Mar 16, 2014 7:56am Mar 16, 2014 7:56am
Quoting Jackub
{quote} So developing your point of view, profitable system does not exist, if at least one exist all we would all be millionaires.
he is correct, and you are correct too in developng his point of view..
could you prove him wrong...do you know any proftable system ?
and by that i mean proven proftable with at least (and here im being permissive) 6 months of positive results - demo or real.

if you do...please share with all of us
  • #47
  • Mar 16, 2014 10:02am Mar 16, 2014 10:02am
Quoting bradu
{quote} he is correct, and you are correct too in developng his point of view.. could you prove him wrong...do you know any proftable system ? and by that i mean proven proftable with at least (and here im being permissive) 6 months of positive results - demo or real. if you do...please share with all of us
Bradu,
You asked me one question, but I am very much afraid the question is not right one. Whole trading is not about method/system, but about relation YOU and MARKET. And we know for sure MARKET KNOWS YOU, how about you? DO YOU KNOW THE MARKET…..?
No, you don't (answer in 95% market participants)… so why do people think they can win?
Why do people think knowing right method they can beat the market?? System is NOT even substitute of market knowledge. Most of the people think it is enough to find right system to beat the market. But this is not true. System should have an edge, edge allowing to keep odds on your side. Does all system showing its edge? implementing system do people know what is its edge? Does the yuse it or just they follow "buy/sell arrows/signals?". This is why asking for proven system is simply wrong question!
We all have to learn the market it is a thousands hours of chart reading testing making statistics etc. etc… this will not come easy. This is painful road.
System itself is less important part of the trading, in trading most important are exits not entries. In trading very important is risk management and money management. Key role in trading is discipline, patience.
Then at the end we can say system is important….. Most of the people goes wrong way. They start with system, they do not know much about market, they do not know themselves, but they are ready fight the market!!! No humility at all…..
No forum, nobody can teach you how market works how market behaves, you have to do yourself in the end it is you putting on the market own money and only you are responsible for the result. No brokers trick, no bad spikes, no bad news ONLY YOU.
Please do not treat this text like offensive one, if you have such filling reading this, I do apologies,

And finally, take look on the chart:

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If you buy 10EMA breakout, using right market approach, risk and money management every single month you are winner if you only buy.... six, seven months in a row..
JacekPreserve Precious Capital
  • #48
  • Mar 16, 2014 11:18am Mar 16, 2014 11:18am
Jackub,

i dont find it offensive, more..you seem to write that with passion, so i assume you trully belive it, that is a good thing.
we are in agreement here for most parts: testing numerous systems, tousands of hours of market practice...etc...all this combined could help a trader to develop hs own syste- way to trade the market.

So, lets assume we are at this point: a profitable trader. Is it ok to assume that at this level, the trader doesnt just trades discretionary, but he has developed a set of rules for different kind of market...in other words he has a well defined plan ? Im sure that anyone with a few years experience in this market know by now (on the hard way) that money management and patience is not enough to make anyone a profitable trader..
At this point, the trader has 2 options:
1. to trade the market in anonymity, taking advantage after years of study and pain - this is what i can fully understand
2. second option: to feel that he has to give back to community his knowledge and to help others...so he opens a thread on ff.com, write a book, open a youtube channel...whatever

that brings us back to where we started: how come there are so many proffitable traders ( here on ff.com if you belive them) but there is no real and well put system/trade plan that can produce even a 6 months positive results - demo or real ?
knowing the level of ego that is displayed here, pissing contests etc...im absolutelly sure that if anyone could produce those positive results...he/she will brag all over the place.

but enough...it is sunday...it is chill time

PS. that chart was really fun...hindsight is what we love most...even i am right 70% of time in hindsight
  • #49
  • Mar 16, 2014 12:12pm Mar 16, 2014 12:12pm
Quoting bradu
Jackub,al ? knowing the level of ego that is displayed here, pissing contests etc...im absolutelly sure that if anyone could produce those positive results...he/she will brag all over the place. but enough...it is sunday...it is chill time PS. that chart was really fun...hindsight is what we love most...even i am right 70% of time in hindsight
Bradu,
I am not sure if you have seen this post : http://www.forexfactory.com/showthre...799#post205799
it's worth to be copied and read at time to time, as I do it quite regularly
GL...
JacekPreserve Precious Capital
  • #50
  • Mar 16, 2014 12:44pm Mar 16, 2014 12:44pm
Quoting Jackub
{quote} ... http://www.forexfactory.com/showthre...799#post205799 it's worth to be copied and read at time to time, as I do it quite regularly GL...
Thank you Jackub
  • #51
  • Mar 16, 2014 12:47pm Mar 16, 2014 12:47pm
Quoting Jackub
{quote} Bradu, I am not sure if you have seen this post : http://www.forexfactory.com/showthre...799#post205799 it's worth to be copied and read at time to time, as I do it quite regularly GL...
printed
  • #52
  • Mar 18, 2014 2:37pm Mar 18, 2014 2:37pm
Quoting Jackub
{quote} Bradu, You asked me one question, but I am very much afraid the question is not right one. Whole trading is not about method/system, but about relation YOU and MARKET. And we know for sure MARKET KNOWS YOU, how about you? DO YOU KNOW THE MARKET…..? No, you don't (answer in 95% market participants)… so why do people think they can win? Why do people think knowing right method they can beat the market?? System is NOT even substitute of market knowledge. Most of the people think it is enough to find right system to beat the market. But this...
Welcome Jackub,
i agree with you in a lot of things... That's what i have tried to explain in my second post in connection with the painters... To be a profitable trader is much more than use a system mechanically, elsewhere everybody will be a millionaire, does not human traders at all EA makes the money. But profitable trading is very different. I do not belive the "systems", i think profitable system doesn't exist. Every mechanic system can produce shorter or longer winning series, in a special market condition but i have never seen a really long term winning mechanical system. A "system" made profitable by the TRADER!!! It will be profitable by the HUMAN BRAIN, BY THE EXPERIENCE.

It's no shorter way to learn the trading. Ithink you have to look for and use some "thing" to your learning process. I mean "things" are some books, some thread. These only a stones on your way, these are NOT the FINNALLY ANSWERS!!!

Who want to trade profitabily look for a thread (for me it's not important mine or not; of course i am proud of you if it's mine), and try to understand the thinking mode behind the charts.


Cheers!
  • #53
  • Mar 18, 2014 2:49pm Mar 18, 2014 2:49pm
Quoting TraderProf
{quote} Welcome Jackub, i agree with you in a lot of things... That's what i have tried to explain in my second post in connection with the painters... To be a profitable trader is much more than use a system mechanically, elsewhere everybody will be a millionaire, does not human traders at all EA makes the money. But profitable trading is very different. I do not belive the "systems", i think profitable system doesn't exist. Every mechanic system can produce shorter or longer winning series, in a special market condition but i have never seen a...
!!!
Jackub
JacekPreserve Precious Capital
  • #54
  • Mar 19, 2014 1:14pm Mar 19, 2014 1:14pm
Lookin for long on AUD/USD 0.9015-0.9040...

SL: ~25 pips
  • #55
  • Mar 19, 2014 1:21pm Mar 19, 2014 1:21pm
Looking for long on NZD/USD 0.8505-0.8540...

SL: ~35 pips
  • #56
  • Mar 20, 2014 2:12pm Mar 20, 2014 2:12pm
Quoting TraderProf
Lookin for long on AUD/USD 0.9015-0.9040... SL: ~25 pips
Arround my 1. TP...
(I marked with a blue line the candlestick where i have entered the game. Tell the truth, if i did not sleep maybe i entered before that 40-42 candlestick.)
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  • #57
  • Mar 20, 2014 6:50pm Mar 20, 2014 6:50pm
Quoting TraderProf
... Let’s back the trading… At first I will talk about what is NOT my „system”: This is not a lot of well colored indicators. You have to delete almost all of them you don’t need them anymore. They are from the price they are slow and in late. Who talk about these they are not traders they are illusionist. ...

Hi TraderProf, don't get me wrong but now I'm confused?!
You put a chart with indicators. After all, you trade with indicators or not?!

Thank you in advance.


Quoting TraderProf
{quote} Arround my 1. TP... (I marked with a blue line the candlestick where i have entered the game. Tell the truth, if i did not sleep maybe i entered before that 40-42 candlestick.) {image}
  • #58
  • Mar 21, 2014 1:29am Mar 21, 2014 1:29am
Quoting Jackub
{quote} in trading most important are exits not entries.
This thing i always tell to any body want to enter stock and currancy market
  • #59
  • Mar 21, 2014 9:00am Mar 21, 2014 9:00am
Quoting bodypip
{quote} Hi TraderProf, don't get me wrong but now I'm confused?! You put a chart with indicators. After all, you trade with indicators or not?! Thank you in advance. {quote}
Welcome Bodypip!

I am sorry if you misunderstand, what i tried to say, maybe it was my fault...
I mean i never enter the trade because there is an indicator sign, itself it's not enough me. Important to understand on my charts is there the RSI, but for example i opened a position on the AUD/USD, because i have seen a price action...

Best regard.
  • #60
  • Mar 21, 2014 9:14am Mar 21, 2014 9:14am
Quoting hamedmohd
{quote} This thing i always tell to any body want to enter stock and currancy market
Welcome Hamedmohd!

Thank you your comment, but my point of view is a little different...
I think if you want to trade the odds in your favour, and keep the risk as low as possible you have to be picky in your entries! I beleive if your risk/reward ratio is always 1:1 (that is a fix ratio, so you don't care about the exits) you can earn money IF you have GOOD, high propablity entries. I mean if your entris will be successful in 60%, you will make some money.

Don't get me wrong, the exits are very important of course, because the good trade managment can make positive to your account, in that way if your entries are not good, or you can earn more much money by that...

You will see i have a lot of trades, where if you stay in the trade (so your exit is better) you can earn more money like me.

Best regards,
Zoltan
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