Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

90% of traders lose money! True or False? 239 replies

False Virus alert on AVG for MT4 17 replies

(False) Breakout & Trend Reversal Strategies?? 12 replies

False Virus Alert in the MT4 update ! 7 replies

How recognize false and right breakout of support or resistance level. 5 replies

Attachments: False Prophets
Exit Attachments

False Prophets

Quoting cristol86
I personally do not trade Ghostbikers systems but I do read his threads along with many others. All his screen shots of his account are not only winning trades. There are some losses in there and I have read posts where he/she has spoken about those losses. Everyone does not have the mental strength to continue trading successfully after posting up a trade explorer.Posting a TE can be mentally distracting and increase performance anxiety for many traders, myself included. I have been trading forex for over 10 years and have 2 successful systems...
Well said. I personally don't care about the explorer or the fxbook because at the end of the day the strategy can behave completely different on the hands of another trader. What I do look for is the persons action. How well do they explain their strategy. Because think about it, if you are confident it works and you know your strategy in&outs why not share? If you decide not to share its ok, but if you do why not help others to understand it? GB doesn't explain shit. That is why is suspicious. You share your strategy online, but dont explain it properly.. what is the point on that? Are you trying to show off or what?

There was one time my father and I were talking about how everybody in US had a BMW and he said they were all posers and nothing more.
I asked how come and he said if they had money they would have a Porsche, Bentley, etc. As I grew up I noticed how easy was to get a BMW lease. No wonder the average american credit card debt is 15k dollars.
Years later we were driving passed by a Bentley and the guy didn't speed up to pass us again. So my dad said this guy had money. I asked how come? he said. He didn't speed up to pass us. He know he has nothing to prove.

The bottom-line is, if you have to tell people about your success is because you are not successful. Does Warren Buffet showed you his trades? his bank account? but you know who he is.. I came to find out throughout the years that a successful person is humble. If they were egocentric they would think they know it all and would have never open themselves to learn and truly master what they do.

Mr. Pips seems like a great guy. He shares what he knows for example. It may not make you millions, but if you get a piece of knowledge here and there you can increase your mastery.

So to me is very clear: GB is after followers. He doesn't care about his strategy one bit. He doesn't care if you understand or not, as long as you are still on the hook.
Are you gonna share the system,?
Le$$ I$ More
I´am also banned from Gb threads, but doesn´t matter. All you need is to watch her trades on screenshots and compare it to her rules. After that you have to ask yourselves, if it makes sense to hold a trade for 17 days because at entry time candles show up/down and strength is weak/strong. And if you are stupid believe her and risk about 300pips to win 5....really clear guys! You never will get any track from her or her fans, that´s for sure!
Don't expect a "PROFIT or FALSE PROFIT" to hand you a winning system. It won't work.. Even if you find a winning system, it will be impossible for you to duplicate exactly.
The thing you must understand is trading is individual. Nobody's system will work for you, but your own. You can learn stuff from other systems, yes.. But you can never trade somebody else system and win constantly. Some traders can take deep draw downs, some can't. Some can trade daily.. others need to be on the 5min. Some want mostly winning trades... others can take 4 losses then a huge homerun.
Find out what type of trader you are... Find things you seem to connect to in the market.. Then plan on making your own system one day out of the things you have learned along the way.
I Also recommend looking at price behaviors at certain times of the day rather then trying to find a magical combo of indicators, or holy grail.
Its a long journey to get consistent, too many don't realize how long it takes.... Years and years in most cases. Good luck!
The only system that will work is one designed by and for yourself.
crackpot- you got us all banned for posting in your thread man.
Quoting Davit
{quote} Good post.I get attacked a lot for insisting people trading on my thread to focus on news and fundamentals in addition to technical aspect of trading.To me people who trade purely looking at the charts and are oblivious to market fundamentals are sketchy. Takes both fundamentals and technical..For OP I have a disclosure on my thread.Refuse to work with newbies.I don't consider myself a guru and have no motives as far as ego boast or anything.I just shared some insights that helped me and my claims are modest. regards
Thanks. Yes, we are in the era of HFT, Black Box algos, microwave towers. The time of the Quant. What system addicts they don't get is that persistent themes create the medium term technicals. If you can know not only what the banks are doing but why then the technicals become easier and your odds of success are far greater. Takes a more comprehensive approach that they don't want to learn.
Quoting goldfinger
crackpot- you got us all banned for posting in your thread man.
You can thank me later for doing a favor - maybe you waste less time there now and do something more useful.
Please add more indicators, I still see the real price! Thanks!
It'a all about the hype, if the hype threads weren't started often enuf, someone from the industry would start them, draw them in, they need the liquidity. I have a thread, I've posted modest gains, and I mention that I'm either BE or down a bit but improving. 2 weeks here, only one like, very few care about the hard work and hours of soul searching and self-analysis and journaling and very small incremental gains and frequent setbacks and the rest of the stuff, oh, yea, and the years.... This stuff doesn't sell, and isn't hype, but I'm a heck of a lot better than last month, last year, last 5 years, but not much better than last week, who wants to hear that? No one does, they want to hear 100% profits in an hour, etc. Biz as usual.
big money makes big moves and then hides during small money chasing.
I agree with you. I also created a thread where I pretty much handed my whole strategy.. Step by step. I don't expect much attention, especially here where people look forward r instant gratification with no work. It doesn't matter anyway, if anything we shouldn't be worried about that. I think the thread will help us stay on track and become more confident in our strategy. When you post regularly if improves your eyes when looking for your setup so if anything you should keep doing for yourself l and not others.
Yea, I don't really even mind seeing the nonsense, it shows me where I once was and how far I've come and even posting our time-tested modestly successful methods wouldn't matter to anyone since it's not hype and who the heck could follow that which is not their own anyway? I know I couldn't. but some small ingredient can help a lot. Like that arrogant guy who had a thread a while back who loves to pontificate about his stratospheric abilities that "everyone here" could never possibly even comprehend... he was drawing funky boxes around price action, well I didn't copy it, but I saw some value to it and added it to my analysis and it actually helped me to clear up the methods I was already using. So if I can pick up stuff here and more importantly, ***attempt to organize that which I am doing methodically, in order to be able to post it, it actually helps me.
big money makes big moves and then hides during small money chasing.
I just stumbled across this thread and it echoed my thoughts from last week. Even experienced traders are drawn to these 'holy grail' threads in the pursuit of easy money. But lets face it if these people had a sure fire 95% trading system they could turn $50 into a million in no time with little worry.

Last week I participated on '90%' Ghost thread and the 'help me grow my account' thread where BWforex claims 95% accuracy. I posted a bunch of great results just to show how easy it is to do this. You should have seen the posts 'how did you do it?' 'amazing' 'please share your system', and then the p.m's started.

For my own amusement I explained it here and call it the 'cock drop method' lol

http://www.forexfactory.com/showthre...33#post9222833

the truth is its easy to promise, create and post such amazing results. Especially if you post 'cropped' pictures of the results (like i posted, like Ghostbiker and a thousand before him have).
But what amazing me is the 'sheep' on the threads, ready to attack someone who asks for proof from these 'guru's'. They gather and protect their new guru to seek favor from him just in case he has something special to share. it's not the creators of these threads that piss me off, it's the idiots who follow without thinking! however, pretty soon they will turn on him and the thread will die away when they try the system without success.....only for the guru to rise again with something different.

I have been on FF for many years now and have to say it's become part of my daily life. However the last few years it's got worse and worse. maybe there should be more 'moderators' who can challenge these people
Quoting JAKammus
{quote} Well said. I personally don't care about the explorer or the fxbook because at the end of the day the strategy can behave completely different on the hands of another trader. What I do look for is the persons action. How well do they explain their strategy. Because think about it, if you are confident it works and you know your strategy in&outs why not share? If you decide not to share its ok, but if you do why not help others to understand it? GB doesn't explain shit. That is why is suspicious. You share your strategy online, but...
Have to some what disagree with this. If ALL traders use an ALL INDICATOR system on a LOWER time frame (stops brokers time messing with results) then everyone should get same results.

E.g> 15min TF. if indi 1 and 2 are green buy. TP 20 SL 10. (depending on spread) 95% should get the same result as you take human judgement out of it.

.....also a trade explorer, even on a demo, would show how many trades are open. This is vital when trying to prove a system.
You might be right as I don't have evidence to back me side, but consider this: you are assuming that all traders will enter at the same time when the green candles shows. Now, how many times you seen a thread start with one strategy and 10 posts later people already changed the strategy adding their own shit, like MA, RSI, etc. the truth is, traders are not satisfied with 60% accuracy they think they have the magical solution to improve on it. That is just psychology. Not only that, if I get a signal to go long and I see it go down 15 pips in the 15M chart eurusd you know it probably is wont come back so ou have the discipline to stick to your 20sl? Maybe you do, but look around here on FF. Do you think they have discipline. If they had they wouldn't be jumping from one strategy to the other. So that is what I meant by working different for every trader. I do agree with the guy that said that the explorer adds extra pressure in the trader, so not everybody would feel comfortable. No doubt it would make the strategy more interesting though.
Quoting skyway
Strange enough there're hundreds of viewers that're interested and glued to both threads and similar threads that promise such ludicrious stuff. That many desperate losers clutching at straws on ff ?
Meeeen hol' up!
Did u just use my own pic as ur profile pic too? oh ooh. I never even come around forums, bt I clicked on the link(cause it was said its a hot thread), and someone is using my pic?.

well, its ok, I guess some more peeps are as well.

Helloooooooo
Knowing when to enter, T.P, & concede to a lose - that's a Super System!
Quoting bloodpoodle
Don't expect a "PROFIT or FALSE PROFIT" to hand you a winning system. It won't work.. Even if you find a winning system, it will be impossible for you to duplicate exactly. The thing you must understand is trading is individual. Nobody's system will work for you, but your own. You can learn stuff from other systems, yes.. But you can never trade somebody else system and win constantly. Some traders can take deep draw downs, some can't. Some can trade daily.. others need to be on the 5min. Some want mostly winning trades... others can take 4 losses...
Discover yourself and carry on with what works for you, you need your eyes to see not another man's own...read ECCLESIASTES 2:14
  • Post #76
  • Quote
  • Edited at 9:51am Oct 31, 2016 9:40am | Edited at 9:51am
To distinguish a guru from a real person just look how many subscribers he has: 100+=guru.. I have none, I'm the best !

p.s. just kidding.
I am putting my magic indicator here later. get ready Muppets
HaHa, this guy really cracks me up. Dont know why he banned me from his silly thread, i never said anything about his system. I enjoyed reading his reactions.

Attached Image (click to enlarge)
Click to Enlarge Name: pic1.png Size: 22 KB


Maybe it was because i said his ranting reminded me of this:

Inserted Video
some bull shit other s smell the shit. That is BS factor for you.
I just came from reading 'ghostbikers 90%' thread. I nearly choked on my beer when he posted in bold blue writing that he has said 20 x not to enter GBP trades, then posts a bunch of 'cropped' GBP trades lol

Someone wrote here that it shows him how far he has come. I think that's a great way to look at it.

At the beginning of the week his followers will blame themselves for not entering correctly. By the end of the week they will realize that they are just entering a short market move too late to capitalize on repeatedly and reliably.
0 traders viewing now