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1 year profitable trading goal

  • #781
  • Sep 1, 2016 1:30pm Sep 1, 2016 1:30pm
Quoting Fisher755
{quote} Oh geez, this gives me headache. Couldn't the guy conplicate it even more? Terrible, really. If somebody finds this useful, then I am totally dumb. And I was thinking I am overcomplicating at my trading, using only 3 things- PA, Volume and SR.
To me:
For trading - No
For developing own system - yes
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #782
  • Sep 1, 2016 1:36pm Sep 1, 2016 1:36pm
Quoting domba
....a good chance of making money, and that should trump everything.
Hi D,

While I appreciate your intent to help others, I think I'd have to agree with Fisher755 on this one. Too complicated, and may not be a good fit for everyone. I also think most of us are not automating our trading.

I'd like to caution against sharing trade methods on this thread. I have no problem with sharing ideas, but it's primarily focused on interactive trading, and focusing on the goal of getting through a year of profitability.

I also have some ideas that I think might help others, but I do not share them here. One reason is, I do not have the track record that proves it is successful. The other reason is, most traders need to find their own way, and build an approach that works for them, and there are so many factors involved, it's impossible to really cover everything in a post or 2.

But again, thanks for your contributions so far, and look forward to more trading posts from you, and wish you success moving forward...
  • #783
  • Sep 1, 2016 1:41pm Sep 1, 2016 1:41pm
Quoting benaiah
{quote} Hi D, While I appreciate your intent to help others, I think I'd have to agree with Fisher755 on this one. Too complicated, and may not be a good fit for everyone. I also think most of us are not automating our trading. I'd like to caution against sharing trade methods on this thread. I have no problem with sharing ideas, but it's primarily focused on interactive trading, and focusing on the goal of getting through a year of profitability. I also have some ideas that I think might help others, but I do not share them here. One reason is,...
Ok sorry, this article not the trading system it self, only help for developing own strategy
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #784
  • Sep 1, 2016 2:51pm Sep 1, 2016 2:51pm
been buying GN on pull-backs now for past week or 2. So far +850 pips. It's been my best results out of everything I've been trading recently...

Need to give it plenty of room, use low-leverage, and I've also been scaling in if the pull-backs are deeper than anticipated.

I'm bullish and will continue to buy pull-backs as long as 1.77 holds. I've been taking profit when I'm up between 50-100 pips but with multiple positions.

Attached chart shows my pending buys right now...
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  • #785
  • Sep 1, 2016 3:07pm Sep 1, 2016 3:07pm
Waiting astrology chart for better setup order

Attached Image (click to enlarge)
Click to Enlarge Name: asss.png Size: 119 KB
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #786
  • Sep 1, 2016 3:26pm Sep 1, 2016 3:26pm
My current buy positions on gold...

Chart attached is my short term view with blue areas of possible resistance.

I will continue to buy on pull-backs. I may TP on some positions as we hit resistance if I need to cover losses on other trades, and/or if I just want to TP, lol

But over the long term, targeting 2000 level and beyond...
Attached Image (click to enlarge)
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  • #787
  • Sep 1, 2016 3:51pm Sep 1, 2016 3:51pm
My charts are suggesting that the U.S. employment numbers might whiff tomorrow. Could be some good trades particularly on UJ and UC if that ends up being the case.
  • #788
  • Sep 1, 2016 4:51pm Sep 1, 2016 4:51pm
Hey guys,

started a new tradeexplorer....

cheers
  • #789
  • Sep 1, 2016 5:02pm Sep 1, 2016 5:02pm
Quoting Robst3r
Hey guys, started a new tradeexplorer.... cheers
Okay, no problem.

I know there are others also who have started a new explorer. That's okay, but I don't understand why anyone would do this. It only prolongs your goal, and you don't gain the confidence of coming back from a draw-down.

Even if you completely blow the account and have to deposit money (happened to me a few times), why not just keep the same explorer, and learn to recover?

This is just my suggestion, as there is no rule broken here. At the end of game, if you can make it to one year profitable, then the goal is accomplished...

Kind regards,
B
  • #790
  • Sep 1, 2016 5:24pm Sep 1, 2016 5:24pm
It's looking like a nice potential bounce on crude here around 44...

I have my TP target set around the moon, but I'll probably target round 45.50-46, lol
Attached Image (click to enlarge)
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  • #791
  • Sep 1, 2016 5:29pm Sep 1, 2016 5:29pm
I don't normally trade USDTRY, but it looks like an interesting setup...

It's clearly in a range/consolidation after the run up in July. Now it appears the bulls are gearing up for a break out, or at least an attack on the top of the range around 3.07.
Attached Image (click to enlarge)
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  • #792
  • Edited 6:52pm Sep 1, 2016 5:41pm | Edited 6:52pm
Quoting domba
The Unseen Data gives considerable flexibility to my process.
Well Bro, Do you want to know about Unseen Data? In forex Data on the brokers around the world always fix, Filtered Data. They don't give U Un-Filtered Data for $100 or $1000 or even $10000 account. They will give U the the access to trade Un-Filtered Data for $1 Million Account minimum.

Well this is just the Info. The truth and The Honesty is not cheap at all. Give U more headache about this.

Quoting Fisher755
{quote} Well said. If green pips in the end of year, that's it- great basis for every trader as a proof he can be profitable. Nothing more needed. All the rest is finetuning.
Happy Green pips in the End of the Year. We all profitable traders Sister, but lost again the profit sometimes. Sometimes We made withdrawal, but sometimes We made a new deposit. For Me the most important thing is not to go to the "margin call". Well, thanks for the significant advance to technology since 2012, so We have a proof machine like TE and Myfxbook to verify our journal. The truth is more cheap than the old days. The Honesty is very expensive. Not every traders have so nice motive "sharing and helping" principal.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: unfiltered_data_form_sigma.gif Size: 27 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #793
  • Sep 1, 2016 5:59pm Sep 1, 2016 5:59pm
Maybe you are right, but i can get depressed if i watch my data of the previous explorer.
never traded that awefull and if i keep watching it, maybe i want to recover to fast and bring myself in trouble again.

green pips to all:-)

Quoting benaiah
{quote} Okay, no problem. I know there are others also who have started a new explorer. That's okay, but I don't understand why anyone would do this. It only prolongs your goal, and you don't gain the confidence of coming back from a draw-down. Even if you completely blow the account and have to deposit money (happened to me a few times), why not just keep the same explorer, and learn to recover? This is just my suggestion, as there is no rule broken here. At the end of game, if you can make it to one year profitable, then the goal is accomplished......
  • #794
  • Edited 6:55pm Sep 1, 2016 6:11pm | Edited 6:55pm
Quoting benaiah
{quote} Okay, no problem. I know there are others also who have started a new explorer. That's okay, but I don't understand why anyone would do this. It only prolongs your goal, and you don't gain the confidence of coming back from a draw-down. Even if you completely blow the account and have to deposit money (happened to me a few times), why not just keep the same explorer, and learn to recover? This is just my suggestion, as there is no rule broken here. At the end of game, if you can make it to one year profitable, then the goal is accomplished......
Some traders got more confidence by showing a new green track record after blow (positive thing). But the negative thing is after prolonged time, They will tend to bend the rules again (like of all Us) to overtrading. After prolonged green in pips, the sickness of overleveraged comes again and kill the "f***ng" profits. I careless about the profit in one year, two year, or even ten years, as long as I can trade every year to kill the boring days.

That is why I think the most important thing is "Safety" and You will live in trading in many many years.

Thats why We should always encourage safety at first of all Us.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #795
  • Sep 1, 2016 7:39pm Sep 1, 2016 7:39pm
Quoting RoelsMajor
{quote} Some traders got more confidence by showing a new green track record after blow (positive thing). But the negative thing is after prolonged time, They will tend to bend the rules again (like of all Us) to overtrading. After prolonged green in pips, the sickness of overleveraged comes again and kill the "f***ng" profits. I careless about the profit in one year, two year, or even ten years, as long as I can trade every year to kill the boring days. That is why I think the most important thing is "Safety" and You will live in trading in many...
I agree, one good trade wont make your account but one bad trade can ruin it. There is nothing wrong with slow consistent profits
  • #796
  • Sep 1, 2016 8:12pm Sep 1, 2016 8:12pm
All,

Like I said before, the end results are what counts, and we are in this for the long haul. So, whatever works for you, in terms of starting a new account, or sticking with the draw-down and recovering.

However, it's been my experience that starting a new account is like a crutch, and can actually encourage a bad habit. Since in the back of your mind, you know you can just start over with a new account, so why care that much about your trading? Just go for it! And does not really matter if you blow it, lol.

Anyway, it is what I have learned from my experience, and is one reason I started this thread. This is it. I will not start over, but I will stick with it until I have achieved my goal.

Just my 2 cents...

Kind regards,
B
  • #797
  • Sep 1, 2016 8:21pm Sep 1, 2016 8:21pm
okay, guys/gals...

I will say one more thing about starting over, then I shut up about it, lol

I strongly encourage you not to start over.

This may sound harsh, but it is a reality. There will always be failures and mistakes in trading, you'll never be perfect. Learn to deal with the emotions that are consequences of your mistakes. If you don't learn this, you will never succeed as a trader.

But if you see things differently, I respect it, and still wish us all success!
  • #798
  • Sep 1, 2016 11:23pm Sep 1, 2016 11:23pm
Quoting benaiah
okay, guys/gals... I will say one more thing about starting over, then I shut up about it, lol I strongly encourage you not to start over. This may sound harsh, but it is a reality. There will always be failures and mistakes in trading, you'll never be perfect. Learn to deal with the emotions that are consequences of your mistakes. If you don't learn this, you will never succeed as a trader. But if you see things differently, I respect it, and still wish us all success!
Agree.
PVSRA
  • #799
  • Sep 2, 2016 12:08am Sep 2, 2016 12:08am
Quoting benaiah
okay, guys/gals... I will say one more thing about starting over, then I shut up about it, lol I strongly encourage you not to start over. This may sound harsh, but it is a reality. There will always be failures and mistakes in trading, you'll never be perfect. Learn to deal with the emotions that are consequences of your mistakes. If you don't learn this, you will never succeed as a trader. But if you see things differently, I respect it, and still wish us all success!
Agree. Trading is a long journey
an attempt of compounding, from USD50+25bonus until ....burnout..haha
  • #800
  • Sep 2, 2016 8:53am Sep 2, 2016 8:53am
Today recovery got 1.9%, still -57% overall. Trying to be more discipline, patient and focus. Have a nice weekend Guys.
fooled by randomness in art
Meditation All Time Return: 8.9%
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