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All Indicators Trading system

  • #2,061
  • Apr 24, 2014 6:06am Apr 24, 2014 6:06am
  • #2,062
  • Apr 24, 2014 9:01am Apr 24, 2014 9:01am
Quoting tafadzwa02
Another disappointing week .There are times when I really feel that this business is some sort of a con , but time will tell I am on 1% (£1.53*30 Pips) Risk per trade ( after deposit) this week .Please find attached for more information {file}
....and now...20 lots on EJ...
stop taking revenge trades man

dont get me wrong...i apreciate your effort...but it makes me sad when i see these revenge trades
  • #2,063
  • Apr 24, 2014 11:09am Apr 24, 2014 11:09am
Quoting bradu
{quote} ....and now...20 lots on EJ... stop taking revenge trades man dont get me wrong...i apreciate your effort...but it makes me sad when i see these revenge trades
I am still a novice , maybe I will never make it in this business !! It was just not meant to be .I have tried and tried and tried but the market has a way of making sure I lose .
This week I was all going well until the AUD GDP figures , I had longed GBPAUD and it stopped me by less than 3 pips and it moved over 200 pips.I then set an order to open and it triggered me 80 pips above my order , this got me angry and from then on , its been chaos .I have been trying to recover but it is not working
I will go back to the drawing board and start to red
BTW
Is there anyone on FF here who is genuinely making money in this business ? All i see is some small timers trying but nothing really special
  • #2,064
  • Apr 24, 2014 12:07pm Apr 24, 2014 12:07pm
Quoting tafadzwa02
{quote} I am still a novice , maybe I will never make it in this business !! It was just not meant to be .I have tried and tried and tried but the market has a way of making sure I lose . This week I was all going well until the AUD GDP figures , I had longed GBPAUD and it stopped me by less than 3 pips and it moved over 200 pips.I then set an order to open and it triggered me 80 pips above my order , this got me angry and from then on , its been chaos .I have been trying to recover but it is not working I will go back to the drawing board and start...

Base on the analysis of your trade, you need to be fit psychologically and mentally, trading itself is not hard, pushing buy and sell button is not a hard thing to do, market can only go two ways up or down, you need to get your money management checked, I have been there and have my stories of blowing accounts, you can win in this forex game but it takes countless hours of screen times and avoid getting rich quick, Greed makes you revenge trade, if you can avoid revenging trades, you will be at break even and when you get your money management straight up u will win, system don't really count but strategy does because u can flip a coins in these business as your system and still win, Don't give up, never you quit, keep your head up and hope for a better days.
  • #2,065
  • Apr 24, 2014 1:34pm Apr 24, 2014 1:34pm
There are few people o. This forum that made good money in fx, maybe not millions but good money.
Your problem is that you 've read only one book about markets and you think you 're the best. You're good and much improved but your method sucks (or the way you execute it). Do some more reading, try new method, try to diversify. Maybe shares? There are some good books about it. Good luck and all the best


Quoting tafadzwa02
{quote} I am still a novice , maybe I will never make it in this business !! It was just not meant to be .I have tried and tried and tried but the market has a way of making sure I lose . This week I was all going well until the AUD GDP figures , I had longed GBPAUD and it stopped me by less than 3 pips and it moved over 200 pips.I then set an order to open and it triggered me 80 pips above my order , this got me angry and from then on , its been chaos .I have been trying to recover but it is not working I will go back to the drawing board and start...
On my way to financial independence - if others can do it - I can do it
  • #2,066
  • Apr 24, 2014 2:11pm Apr 24, 2014 2:11pm

10 SIGNS YOU’RE AN AVERAGE TRADER…

  1. You have no trading plan – you need to treat your trading like a business and plan how you’re going to trade. If you don’t have a trading plan, then google for it, there are loads of free resources out there to get you started.
  2. You have no money management rules – You can start with the 1% rule and work from there. Calculate your risk for each trade and ensure it’s 1% or less of your trading capital.
  3. You’re prone to emotional swings – If you feel tremendous excitement when you win a trade, then something’s wrong. Sure at first it’s exciting, but after a while your trading just becomes a process and the emotional aspects should start to fade.
  4. You’re nervous when in a trade – This is usually a result of trading too big for your account size. See point 2.
  5. You try to predict rather than react – Leave the predictions for the economists. For every trade have a thesis for how you’re going to respond for different scenarios. Think in terms of “if x then y” type statements instead.
  6. You revenge trade – The market doesn’t give a shit if you win or lose. Who are you having revenge on? This is more likely a result of you’re own unconscious desire to blow up your account and to go back to doing whatever it was before you played around in the markets.
  7. You don’t cut your losses fast enough – Don’t just wait for your trade to “bounce back”, man up and take the loss. You can always re-enter if you see a good setup.
  8. You watch every tick – Watching price action and reading the tape are important, but you should be able to multitask and not just stare at level 2 all day. Only watch the tape when you’re about to place a trade or exit, or at other levels you’ve set alerts for. Let your platform to watch every tick for you.
  9. You never review your trades – If you’re an emotional trader, then this part of the process is the most boring for you. But if you’ve been trading for a while and want to get the most out of your system/strategy, then this is where you can make some good improvements. Just finding one tweak to either your entries/exists or position sizing or indicator setup can really pay and boost your P&L.
  10. You’re losing MONEY – Sure, we all have losing trades (except some uber gurus), it’s part of the game. But if you’re losing money consistently, then chances are you’ve got to fix something from the list above.

  • #2,067
  • Apr 24, 2014 5:45pm Apr 24, 2014 5:45pm
Quoting tafadzwa02
{quote} I have tried and tried and tried but the market has a way of making sure I lose.
The market moves the way it wants, but the only SURE thing what you're doing is that YOU and ONLY YOU is responsible of losing it BIG because of your revenge trades and big lot sizes.

I've been hit too as well this week, but no harm done beyond repair.

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #2,068
  • Apr 24, 2014 9:16pm Apr 24, 2014 9:16pm
Quoting tafadzwa02
{quote} BTW Is there anyone on FF here who is genuinely making money in this business ? All i see is some small timers trying but nothing really special
If you read and belive ff.com...more than 70% here are winners
of course ive never seen one...and i mean not one to have a consistent track record for more than 1y...not to mention 2-3 years..

this is the reason why i am watching your progress and apreciate your transparecy and efforts (same for xtrader101)
  • #2,069
  • Apr 24, 2014 11:50pm Apr 24, 2014 11:50pm
Thanks guys .
I am going to fold my arms , tail behind my back and do a deeper analysis of this problem .I have had this for long enough now I just need to sit down and make sure I do not do it again .I know I have said this before but , I can only hope for the best.Maybe one day , I will manage all the frustrations and be able to trade properly.
I will go back to basics to identify the root of this revenge trading and only then will I be able to solve it
  • #2,070
  • Apr 27, 2014 11:15am Apr 27, 2014 11:15am
Please find attached my pathetic performance this week.Nothing much to talk about , I am still in mourning.

ONLY 1% RISK/TARGET IS THE AIM FROM NOW MOVING FORWARD

Attached File(s)
File Type: xls Actual Vs All Ind Week Commencing 27-04-2014.xls   524 KB | 277 downloads
  • #2,071
  • Apr 27, 2014 11:24am Apr 27, 2014 11:24am
Don't be too hard on yourself.......

At least you have honesty and integrity and not trying to fool everybody by bluffing your way through here....Says a lot about your character......
  • #2,072
  • May 6, 2014 12:12am May 6, 2014 12:12am

Please find my performance attached

HAPPY TRADING

Attached File(s)
File Type: xls Actual Vs All Ind Week Commencing 04-05-2014.xls   526 KB | 283 downloads
  • #2,073
  • May 6, 2014 4:39am May 6, 2014 4:39am

Important announcement


After carefully considering my options , what I have been through , where I am going and what’s in it for me , I have decided to give forex trading another 6 months from 12/05/2014

What this simply means is I will ‘START’ from Scratch on the Spreadsheet .I will try and do my best and see what happens after that .My decision is based on my personal experience .I will not make any conclusions at the moment but this trading business seems to me like a big con where small fish are there just to feed the big fish .Like I said , I will make my final judgement after the 6 solid months of giving it 'another' go
  • #2,074
  • May 6, 2014 11:52am May 6, 2014 11:52am
Glad to see you reduce position size in your trades. Better to make & lose a little while learning. Stress-free trading.
Good luck!
  • #2,075
  • May 8, 2014 6:19am May 8, 2014 6:19am
Quoting tafadzwa02
Important announcement After carefully considering my options , what I have been through , where I am going and what’s in it for me , I have decided to give forex trading another 6 months from 12/05/2014 What this simply means is I will ‘START’ from Scratch on the Spreadsheet .I will try and do my best and see what happens after that .My decision is based on my personal experience .I will not make any conclusions at the moment but this trading business seems to me like a big con where small fish are there just to feed the big fish .Like I said ,...
Trading is a joke
  • #2,076
  • May 9, 2014 4:11am May 9, 2014 4:11am
where's explorer?
On my way to financial independence - if others can do it - I can do it
  • #2,077
  • May 9, 2014 5:08am May 9, 2014 5:08am
Quoting tafadzwa02
{quote} Trading is a joke
Tell me you didn't said that.
  • #2,078
  • May 22, 2014 6:29am May 22, 2014 6:29am
Hi

For those not aware , this thread has been superseded by the one below.I have started a new system built on top of the ALL INDICATORS TRADING SYSTEM

http://www.forexfactory.com/showthread.php?t=483800

HAPPY TRADING

  • #2,079
  • Jun 29, 2017 10:46pm Jun 29, 2017 10:46pm
ALL INDICATORS TRADING SYSTEM is back !! The Trader Explorer explains it all

HAPPY TRADING

  • #2,080
  • Sep 14, 2017 11:25pm Sep 14, 2017 11:25pm
This EA is available to buy at £5k , but you will need £50k to be able to trade it properly.Give me a shout if you want it.
Thanks.
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