The "Holy Trail" No One Is Selling | Forex Factory

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The "Holy Trail" No One Is Selling

  • #1
  • First Post: Edited Aug 5, 2025 6:30pm Apr 29, 2016 1:16am | Edited Aug 5, 2025 6:30pm
Z3
  • #2
  • Edited 3:18am Apr 29, 2016 2:20am | Edited 3:18am
Subscribed
  • #3
  • Edited 3:29am Apr 29, 2016 2:32am | Edited 3:29am
I just lost on EURUSD. How would you explain sudden rise one minute before London opening?
  • #4
  • Apr 29, 2016 2:35am Apr 29, 2016 2:35am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting feline207
Subscribed ! This here is priceless !!!!!! I want to buy your system, I want you to have my money, please ! I want to be good trader with you and have the best R:R in the world !!!! Patience, discipline, daily timeframe, good R:R, take trades only WITH the trend ! Maximum 1% risk per trade! I think I'll write a book
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Apr 29, 2016 3:08am Apr 29, 2016 3:08am
Quoting feline207
Subscribed ! This here is priceless !!!!!! I want to buy your system, I want you to have my money, please ! I want to be good trader with you and have the best R:R in the world !!!! Patience, discipline, daily timeframe, good R:R, take trades only WITH the trend ! Maximum 1% risk per trade! I think I'll write a book
Brother I am not selling any system, I have only been trading FOREX for 8 months now and I am not a consistent, profitable trader yet myself. I just recently changed my mindset when it comes to trading and it is finally taking me in the right path. It is a matter now of acquiring capital and becoming proficient in a strategy I am comfortable with. I was lucky enough to find a mentor with ten years of real market experience that is guiding me through this difficult journey and not the typical "trader" on social media selling new traders false hope. So I am giving back by creating this threads with the approval of my mentor to help new aspiring traders.
  • #6
  • Apr 29, 2016 3:16am Apr 29, 2016 3:16am
Man I have nothing against what you do. I wish you the best in your journey. It is hard and many times you think you GOT IT, but you haven't. We are humans, we learn until we die. Good luck
PS. I edited my post to put things back in place. But really - be careful giving advice just like that, a lot of people are suffering following something that may not be right in general, or for them.
  • #7
  • Apr 29, 2016 3:23am Apr 29, 2016 3:23am
Quoting feline207
Man I have nothing against what you do. I wish you the best in your journey. It is hard and many times you think you GOT IT, but you haven't. We are humans, we learn until we die. Good luck PS. I edited my post to put things back in place. But really - be careful giving advice just like that, a lot of people are suffering following something that may not be right in general, or for them.
Thank you brother. Reach out to me whenever you need to, I am here to stay and want to become a contributing member to the FF community.
  • #8
  • May 6, 2016 5:08am May 6, 2016 5:08am
Read this during my lunch break today and thought it would be a good article to share on this thread. Hope you enjoy.

http://www.investorguide.com/article/14539/7-rookie-forex-trading-mistakes
  • #9
  • May 6, 2016 6:59am May 6, 2016 6:59am
Quoting chartsndream
{quote} Brother I am not selling any system, I have only been trading FOREX for 8 months now and I am not a consistent, profitable trader yet myself. I just recently changed my mindset when it comes to trading and it is finally taking me in the right path. It is a matter now of acquiring capital and becoming proficient in a strategy I am comfortable with. I was lucky enough to find a mentor with ten years of real market experience that is guiding me through this difficult journey and not the typical "trader" on social media selling new traders false...
Hello. Flat-lining means what the machine looks like at the time of death if you are in the hospital. For me, praying helps to maintain that... particularly when succeeding, and I am leaving a teaching position full of distraction and stress from other people..... for a different kind of discipline and the requirements for focus are much more acute. ..........
  • #10
  • May 8, 2016 2:33pm May 8, 2016 2:33pm
Quoting chartsndream
Im going to share with you the secret to trading the market. The holy grail to trading is a thorough understanding of the daily timeframe, position sizing, probabilities (risk:reward), patience/discipline, access to capital, and a trading system that you become fully proficient in that exploits all the factors mentioned above to give you the so-called market edge. We have become fixated to overtrade, over-leverage, and overanalyze the market in a false belief that the more we trade, the more we make. We soon start to come to the realization that...
Yup.
Pretty much right.

+Newcomers also tend to be unrealistic. They believe that they can and will make 15-30+% EVERY MONTH etc. And unless they change their beliefs about trading they will just destroy themselves...
+Also trade mngm. Trading is about managing risk. Adding when it starts rolling, and cutting when it does not. Most ppl here never add to winners (or only do so to losers...)

Tom.
  • #11
  • May 8, 2016 2:44pm May 8, 2016 2:44pm
Forex is a game of stop loses (SLs). I will never get tired to repeat that simple fact. The so called holy grail is to find a way to turn the SLs into your favour. One way of doing this is to get rid of the stop orders and trade mostly limit orders instead. 1% stop and 99% limit.

Unfortunately for the traders, they do trade with over 90% of stop orders. This fact itself shows the traders are not yet fully aware of the very nature of the forex game - forex is a Stop Loss based game, not a Take Profit one (as they are thinking and wanting it to be)...
Maadik Hugiis. IQ 69.
  • #12
  • Last Post: May 9, 2016 2:25am May 9, 2016 2:25am
Quoting MoneyZilla
Forex is a game of stop loses (SLs). I will never get tired to repeat that simple fact. The so called holy grail is to find a way to turn the SLs into your favour. One way of doing this is to get rid of the stop orders and trade mostly limit orders instead. 1% stop and 99% limit. Unfortunately for the traders, they do trade with over 90% of stop orders. This fact itself shows the traders are not yet fully aware of the very nature of the forex game - forex is a Stop Loss based game, not a Take Profit one (as they are thinking and wanting it to be)...
Great feedback. Thank you. I really hope new traders see this trade, save them a lot of headaches from the get-go.
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