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Attachments: 50 to 22000 in one week
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50 to 22000 in one week

  • #2,741
  • Oct 22, 2016 9:40am Oct 22, 2016 9:40am
Quoting redoktober
{quote} I do not know your strategy, but if your account has grown constantly from 200 to 9000 dollars it's not pure ass , but a solid and profitable forex strategy. If it had been like that of bag , you don't arrive at Christmas .
And that my friend is something I am not sure about and is the reason I am watching this thread with interest.

I am not here to speculate on the outcome because I appreciate Bags is showing all his dirty washing.

My attitude to trading has always been to start small and learn to crawl. Bank often to reward yourself for effort. Stick with your own game plan no matter what the gurus tell you. Always be open for new ideas that may improve your plan. Test in real life situations not in back test simulations. Stay away from robots or so called EA's. Trade what you see at the time you are trading. Never try to outsmart the market by 'thinking' trades. Steer clear of indicators unless you have a specific use for them. Keep it simple.
  • #2,742
  • Oct 22, 2016 10:10am Oct 22, 2016 10:10am
Quoting HeyYou
{quote} I mean that trading can be threatened both as a business and as a game. remove the gamblers and the dreamers and the success rate should be the same. Dreamers are an exception that you find only in this field, you don't start any other business with serious money without any knowledge thinking to get rich overnight!
Lets forget about gambling and focus on business side. Lets forget about dreamers and focus on solid average.

Lets take your field as a example: apps:. If you slack as designer you are unlikely to get pay check hold and unlikely to be fired. I am sure there are plenty of organization where people can slack a lot and still get fat payslips. On the other hand, if you slack in market speculation on high leverage, usually you get punished pretty fast.

So survival is much better in business/professional/entrepreneur. Meaning success rate must be much higher. Lets check it:

1. How many hedge companies vs other business companies are listed in top 100 around the world?

2. What is the longest operating hedge you can name versus the longest operating company?

3. How many from the most rich people are markets speculators? - http://www.forbes.com/billionaires/list/#version:static

4. What are the most payed careers? - http://money.usnews.com/careers/best...st-paying-jobs

I am sorry, I cannot see evidence of retail forex speculation being as good as business/professional/entrepreneur choice.

Quoting HeyYou
{quote}you don't start any other business with serious money without any knowledge thinking to get rich overnight!
And in forex you think you can??? Both choices require lot of hard work. But non-forex activity has much better chance of success.

And yes, you can have overnight success in business with little money. Here is one example of literary overnight business success. One example is enough to disprove it is imposible, but I am pretty sure I could find many more.

"How 'Draw Something' became a 113 million app in seven weeks"

http://www.wired.co.uk/article/draw-something-success

I rest my case...
  • #2,743
  • Oct 22, 2016 11:20am Oct 22, 2016 11:20am
Quoting redoktober
This is the last day of bagX 's trading : {image} This week : - 99,9 of return , - 1.328 euros , - 760 pips. This is the graph from the beginning : as you can see, after the " pure ass " of August , September and October have been a disaster . {image} These are the real facts and cold numbers, not gossip or envy.

One rule that I really use while trading and it never fails: Impulse-Correction-Impulse..
If we talk EW then I see a possible wave 2 or wave B.

I am not defending his style, I am simply analyzing his Equity curve.

Just saying..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #2,744
  • Oct 22, 2016 11:31am Oct 22, 2016 11:31am
Quoting redoktober
{quote} pure ass = pure butt = luck ! I mean just " luck ", no offense .

So you wish someone good ass?? lol
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #2,745
  • Edited 11:45am Oct 22, 2016 11:32am | Edited 11:45am
Quoting kpclick
{quote} Lets forget about gambling and focus on business side. Lets forget about dreamers and focus on solid average. Lets take your field as a example: apps:. If you slack as designer you are unlikely to get pay check hold and unlikely to be fired. I am sure there are plenty of organization where people can slack a lot and still get fat payslips. On the other hand, if you slack in market speculation on high leverage, usually you get punished pretty fast. So survival is much better in business/professional/entrepreneur. Meaning success rate must...
No the dreamers are here among us. Those kinds of people who get angry when you say something against their "gurus" and infallible methods, the dreamers!
  • #2,746
  • Oct 22, 2016 11:44am Oct 22, 2016 11:44am
Quoting baherhosni
{quote} So you wish someone good ass?? lol

  • #2,747
  • Oct 22, 2016 11:49am Oct 22, 2016 11:49am
Quoting baherhosni
{quote} One rule that I really use while trading and it never fails: Impulse-Correction-Impulse.. If we talk EW then I see a possible wave 2 or wave B. I am not defending his style, I am simply analyzing his Equity curve. Just saying..
Dude you are (over)trading.. are you seeing patterns in star formations too ? jk
  • #2,748
  • Oct 25, 2016 5:22am Oct 25, 2016 5:22am
Attached Image (click to enlarge)
Click to Enlarge Name: bagx_fail_trade.PNG Size: 104 KB


Why bagX would short a candle that a) engulf, not one or two, but 30+ previous 15m candles b) do it against 4 days long uptrend on that time frame

WHY?

What kind of "expertise" is in this? Where is the original claim to beat financial industry? WHERE? Bloody clown...
  • #2,749
  • Oct 25, 2016 5:23am Oct 25, 2016 5:23am
New day... new deposit €375.00... BOOM... -70% of the despite is gone...
  • #2,750
  • Oct 25, 2016 6:07am Oct 25, 2016 6:07am
Quoting kpclick
New day... new deposit 375.00... BOOM... -70% of the despite is gone...
You dont believe in bagX ? And you seems to be upset calling him names, My simple question is why are you here ? Is he in depth to you, so he must show you or prove something to you ? Maybe the best thing for you is to move on to find something you can believe in and that dont upset you.

Best regards
  • #2,751
  • Oct 25, 2016 6:09am Oct 25, 2016 6:09am
Quoting jgadefelth
{quote} You dont believe in bagX ? And you seems to be upset calling him names, My simple question is why are you here ? Is he in depth to you, so he must show you or prove something to you ? Maybe the best thing for you is to move on to find something you can believe in and that dont upset you. Best regards
No, he does not upset me.
I know what is the best for me.
And answering your very first question: no, bagX is NOT a object of my faith.

"My simple question is why are you here" - make some effort and look through my last 5 answers in this thread, you will find your answer.
  • #2,752
  • Oct 25, 2016 6:56am Oct 25, 2016 6:56am
I am convinced that BagExpert is providing a great service to the forex trading community; He is doing for all to see what most are ashamed to reveal.
It is said that in ancient Rome some cities condoned and supported the local drunks so the youth would be made aware of the dangers and misery of excessive drinking
  • #2,753
  • Oct 25, 2016 7:24am Oct 25, 2016 7:24am
Quoting Mingary
I am convinced that BagExpert is providing a great service to the forex trading community; He is doing for all to see what most are ashamed to reveal. It is said that in ancient Rome some cities condoned and supported the local drunks so the youth would be made aware of the dangers and misery of excessive drinking

Yes bagX should really be ashamed of himself making money and lose some when he is trying to make more if i was bagx i would hide in a closet for the rest of my life in shame.

And still every person are responsible for his own money and future, and it is of free will to come here or not to come here.

Best regards
  • #2,754
  • Oct 25, 2016 7:39am Oct 25, 2016 7:39am
Quoting jgadefelth
{quote} Yes bagX should really be ashamed of himself making money and lose some when he is trying to make more if i was bagx i would hide in a closet for the rest of my life in shame.
No, he should not be ashamed of making and loosing money. Making mistakes is part of the learning process. Make mistakes, fail fast, review, learn a lesson, restart. He should be ashamed of not learning. And not learning comes from being arrogant.

Drunkards should not be ashamed because they get drunk. Drunkards should be ashamed, because they allow them-self to set to such a state in continuous, repeatable manner. That is why they are drunkards. As Mingary pointed, Romans did not have issue with drinking alcohol, but had issue with reckless drinking alcohol, which ruins lives and social fabric.
  • #2,755
  • Oct 25, 2016 8:19am Oct 25, 2016 8:19am
Quoting kpclick
{quote} No, he should not be ashamed of making and loosing money. Making mistakes is part of the learning process. Make mistakes, fail fast, review, learn a lesson, restart. He should be ashamed of not learning. And not learning comes from being arrogant. Drunkards should not be ashamed because they get drunk. Drunkards should be ashamed, because they allow them-self to set to such a state in continuous, repeatable manner. That is why they are drunkards. As Mingary pointed, Romans did not have issue with drinking alcohol, but had issue with reckless...

What are you trader or philosopher?
  • #2,756
  • Oct 25, 2016 8:24am Oct 25, 2016 8:24am
Quoting goldfinger
{quote} What are you trader or philosopher?
Just a person who try to think, that should be characteristic of both adepts
  • #2,757
  • Oct 25, 2016 8:26am Oct 25, 2016 8:26am
Quoting kpclick
New day... new deposit 375.00... BOOM... -70% of the despite is gone...
... and day is gone with -90% of the todays deposit... new one please
  • #2,758
  • Oct 25, 2016 2:50pm Oct 25, 2016 2:50pm
The directional confirmation is not objective ?

GBPCAD (Oct, 25) is the same pattern as Ger30 (Sep., 9), yet the trading was totally opposite.
  • #2,759
  • Oct 26, 2016 5:33am Oct 26, 2016 5:33am
well he has 1.1k% in positive. He should of started with 1k.
  • #2,760
  • Oct 26, 2016 6:42am Oct 26, 2016 6:42am
Quoting Mr.Dan
well he has 1.1k% in positive. He should of started with 1k.
U know. U lose balls if u lose 50-100positions in row
Early to bed, early to rise, keeps you healthy, wealthy and wise.
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