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False Prophets

  • #141
  • Nov 4, 2016 10:20pm Nov 4, 2016 10:20pm
Quoting Landline
{quote} What do you think then a candle is for! It tells you where price has been and where it now is....it is an indicator. If you didn't have a candle, or line or any kind of reference, you would only have a dot where price currently is! You need a tool/indicator to guide your decision making! Why don't you understand that?
A reference point in time is different than mathematical calculations..................
atheer1
  • #142
  • Nov 4, 2016 10:28pm Nov 4, 2016 10:28pm
Quoting atheer1
{quote} A reference point in time is different than mathematical calculations..................
Hey...if you only had a dot with no time on it or any calculation whatsoever, then you would be completely clueless what decision you need to make because you would have zero indication of where price has been and where it lies in the big picture other than a single pixel dot!

My point is that whether or not you like or dislike indicators, you cannot do anything without them no matter what form they take.

Btw, I'm not keen on excessive amounts of indicators tbh which we see dressed up like a xmas tree far too often lol
  • #143
  • Nov 4, 2016 10:35pm Nov 4, 2016 10:35pm
Quoting Landline
{quote} Hey...if you only had a dot with no time on it or any calculation whatsoever, then you would be completely clueless what decision you need to make because you would have zero indication of where price has been and where it lies in the big picture other than a single pixel dot! My point is that whether or not you like or dislike indicators, you cannot do anything without them no matter what form they take. Btw, I'm not keen on excessive amounts of indicators tbh which we see dressed up like a xmas tree far too often lol
If there is no time or let us say change in time then price will not exist at all.................you are mixing facts like time and price........with fallacy named mathematical indicators
atheer1
  • #144
  • Nov 4, 2016 10:45pm Nov 4, 2016 10:45pm
Quoting atheer1
{quote} If there is no time or let us say change in time then price will not exist at all.................you are mixing facts like time and price........with fallacy named mathematical indicators
I think you need to re-think or re-phrase your original point, because I'm afraid your argument is full of holes as it stands, and I'd suspect many will draw the same conclusion, until you realise that your candles that you use are indicators in themselves, recording time, historical price, current price, up, down, colour etc etc. So be careful when you make bold statements concerning indicators is what I'm saying, and be clearer on what you are really trying to say
  • #145
  • Nov 4, 2016 10:51pm Nov 4, 2016 10:51pm
Quoting Landline
{quote} I think you need to re-think or re-phrase your original point, because I'm afraid your argument is full of holes as it stands, and I'd suspect many will draw the same conclusion, until you realise that your candles that you use are indicators in themselves, recording time, historical price, current price, up, down, colour etc etc. So be careful when you make bold statements concerning indicators is what I'm saying, and be clearer on what you are really trying to say
my friend visual indicators are completely different from mathematical indicators,do you agree or not?
atheer1
  • #146
  • Nov 4, 2016 11:57pm Nov 4, 2016 11:57pm
Quoting guesser
Another fake guy ... but with less tooths now https://youtu.be/gEDaCIDvj6I
Is this a video of the US election result ?
  • #147
  • Nov 5, 2016 5:05pm Nov 5, 2016 5:05pm
This is how every false prophet / scammer should end up:
Attached Image
Sooner or Later FF will deny my membership
  • #148
  • Edited 5:48am Nov 6, 2016 5:15am | Edited 5:48am
More PM-s, some people just dont get it.

I have been trading for 9 years! and I cant call myself a profitable trader, I get some money for few beers or movie and popcorn, but thats it.

What I have learned:

1. There aint ANY profitable indicator based system; some indi might help you, but the only indicator that works is a human brain. You cant download it from internet.

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2. If you trade to get rich, youll get burned. Trading small acc to achive financial freedom or your first million will make you an emotional wreck. Market will eat you alive and spit you up a poorer and more bittered person.

Only way Im making some money is:

1. I trade microlots and cent accounts to remove fear of loss;
2. I have a trading plan, mostly price action, supply-demand, I also use some EMA-s and most important thing:
3. I stick to a plan, and I do it by having 2 computers. My trading terminal and its login is on old PC, I place trades, often just stop and limit orders, SL and TP and LEAVE THE COMPUTER, sometimes I even switch it off. I use laptop for everything else. Also for demo accounts and fooling around with the system. But I cant access my real trading account from laptop. I also cant access from my Android phone.

Trading is not hard - a trade will hit SL or TP and if you have any edge, a system, money management etc, you can make money.
Its the trader, its you that makes you fail - staring at charts makes you unstable, makes you take profit early, to move SL, to have a revenge trade (often on a pair u just lost money to). To chace the market. Or sometimes to take loss early. Doesnt matter what system you use, you will do those things.

Its natural human behaviour to seek relief by taking trade off early, you get rid of emotional burden. Or remove SL - you feed your hope itll come back.

Trading is a probability game but it needs SICK DICIPLINE and 99.9% people dont have it and wont have it.
I dont have it - that is the reason I cut myself off from easy access to my live trading terminals and trades, I dont trust myself; I have screwed myself countless times.

Stop looking for BS systems and morons on ego trip.

Learn basics of trading, keep a journal, analyze it to get statistics for improvements and then figure out a protection. From yourself. You can protect yourself from market with MM and SL, takes just basic school math and that aint the issue.
You trade against yourself much more than market trades against you. Until you dont get that, you are a doomed system hopper and easy money seeker - nobody can help you, nobody!

Forex profits are lonely way to walk to. Nice to have some companions to exchange opinions with, to get some short cut if you are wise, but at the end it boiles down to you.
Please add more indicators, I still see the real price! Thanks!
  • #149
  • Nov 6, 2016 5:26am Nov 6, 2016 5:26am
Quoting Crackpot
You trade against yourself much more than market trades against you. Until you dont get that, you are doomed system hopper and easy money seeker - nobody can help you, nobody! Forex profits are lonely way to walk to. Nice to have some companions to exchange opinions with, to get some short cut if you are wise, but at the end it boiles down to you.
Damn, this is so true..!
  • #150
  • Nov 6, 2016 5:34am Nov 6, 2016 5:34am
thanks Crackpot,one of the best posts ive ever read on FF :]
  • #151
  • Nov 6, 2016 5:43am Nov 6, 2016 5:43am
Quoting nozzer
thanks Crackpot,one of the best posts ive ever read on FF :]
Thank you!
Please add more indicators, I still see the real price! Thanks!
  • #152
  • Nov 6, 2016 6:21am Nov 6, 2016 6:21am
Quoting Crackpot
More PM-s, some people just dont get it. I have been trading for 9 years! and I cant call myself a profitable trader, I get some money for few beers or movie and popcorn, but thats it. What I have learned: 1. There aint ANY profitable indicator based system; some indi might help you, but the only indicator that works is a human brain. You cant download it from internet. {image} 2. If you trade to get rich, youll get burned. Trading small acc to achive financial freedom or your first million will make you an emotional wreck. Market will eat you alive...
In general a lot of what you say is sensible advice.

I would also say keep any indicators used such as ma's to a minimum to avoid over complication, and trade only in line with at least the next higher t/f.

Trade the h4 t/f nominally with appropriate stops and targets

Simple, and with enough of an edge that you won't go far wrong and over a period of time you should be in profit.

Like most here, I find the xmas tree decorated threads laughable, and there are plenty about, not just the ones focussed on.

Anyhow, an interesting thread mate, and opens up some healthy debates...good stuff

LL
  • #153
  • Nov 6, 2016 8:10am Nov 6, 2016 8:10am
Like I told you, I have been around for some time... so lets have some fun too.
On big economic pic there are many black swans and markets to collapse, cause we just have gotten into bigger debt since last collapse, 2008. And we have elections ... I say "sell Trump" lol.

Oldies but goodies:

Inserted Video
Please add more indicators, I still see the real price! Thanks!
  • #154
  • Nov 6, 2016 10:40am Nov 6, 2016 10:40am
Quote
Its the trader, its you that makes you fail - staring at charts makes you unstable, makes you take profit early, to move SL, to have a revenge trade (often on a pair u just lost money to). To chace the market. Or sometimes to take loss early. Doesnt matter what system you use, you will do those things. Its natural human behaviour to seek relief by taking trade off early, you get rid of emotional burden. Or remove SL - you feed your hope itll come back. Trading is a probability game but it needs SICK DICIPLINE and 99.9% people dont have it and wont...

This is literally a brutal truth, love the way you've written it. The part about staring at charts - i've been doing this for a living for several years and I can only second that. Sometimes it's really difficult to have couple big global macro trades opened and stare at markets 12h a day + wake up at night to check Asian markets. Certainly not for everyone with the emotional rollercoaster it brings to your (even personal) life. The best thing ever is when i just hide my terminals during the day and distract myself with building some models / spreadsheets or reading some research, then I can come back open it up and have a fresh mind again.
  • #155
  • Nov 6, 2016 10:47am Nov 6, 2016 10:47am
Quoting Landline
My point is that whether or not you like or dislike indicators, you cannot do anything without them no matter what form they take.
Then how did trading exist before indicators?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #156
  • Nov 6, 2016 11:22am Nov 6, 2016 11:22am
Quoting Crackpot
More PM-s, some people just dont get it. I have been trading for 9 years! and I cant call myself a profitable trader, I get some money for few beers or movie and popcorn, but thats it. What I have learned: .
Nice insight into Crackpot's trading mantra..I look at it slightly differently (hence why a holy grail system can't exist as we are doing different things)

I feel once trading has got it's claw's into you then urge to 'need to trade' takes over. After all if your not trading your not participating, if your not participating you can't win (like the lottery right?).
A great strategy is a 'disaster' strategy. Every year you get several BIG news items that really rock the market, like brexit, shock election results, terrorism etc. these often chase the prime currency linked to the country of origin up/down for weeks. Simply wait for one to happen and pursue the currency in the direction market takes you. Problem with this is you need to sit out the rest of the year until one of these happen and THAT GOES AGAINST HUMAN NATURE. you need to trade small lots as these will be the most volatile of market conditions. But it will be successful and each year you can make a nice % increase to your account

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Another way to trade is high volume, high leverage, shit or bust style like bagXpert http://www.forexfactory.com/showthre...10#post9238010
Takes balls of steal to see draw downs this big but it feeds into THE NEED TO TRADE. this style of trading i believe leads to the 99% loser category. A way to trade like this is search the pairs for one approaching a big round number, and i mean BIG, like 1000, 2000 etc..when it approaches this number jump to 1min TF and see when it's turning away, jump in with half your account, grab 10 pips and get out. it can be done by some i'm sure of that, it's dealing with the one that went against you and it's knowing when to quit while your ahead that's hard.

The problem with most traders is we want the best of both. Hence why most of you reading this post will be here to check out if anyone has posted their latest system for you to try on Monday as the last one you tried (for 2 weeks) didn't quite live up to your expectations, like the one before that and before that. Pretty soon you've been on this forum for 5 years, gone through 20 demo accounts after blowing your one real account and have yet to make a real trade since. And hence how threads like GH's is so popular, until the next one.

my lifestyle dictates how i trade now, 'I trade to live not live to trade' mantra. I've traded both and don't have the stomach for the shit or bust style...not with real money anyway.
My trading will possibly be similar to Crackpot's in some ways.
longer term, daily for me. I look for HH and HL or LL and LH and look to see if i can spot a reversal (at SR or candle signal). lot size is low. Hold for days if not weeks.
One thing I do do these days is trade without a 'recognized' SL, I prefer to 'rescue' trades that go against me by doubling up at next signal. I will also same pair hedge if an opposite signal presents itself. this can lead in bigger draw downs but with discipline it has worked for me.
  • #157
  • Nov 6, 2016 11:29am Nov 6, 2016 11:29am
Quoting TooSlow
{quote} Then how did trading exist before indicators?
I think what landmine is saying is that everything is an indicator...even a number

...so you look at a blank chart (chart is a board for an indicator)...you put on candles (candles are indicators of movement)...you look at the number where price is (the number is an indicator to give you price).........the money you use is an indicator of value, the clock you look at is an indicator of time etc....

thing is to distinguish a range where an indicator is classes as a tool, and a tool an indicator (they are both.but it's like sprinting and jogging, both are running but can be separated)
  • #158
  • Edited 11:54am Nov 6, 2016 11:42am | Edited 11:54am
Quoting Crackpot
More PM-s, some people just dont get it. I have been trading for 9 years! and I cant call myself a profitable trader, I get some money for few beers or movie and popcorn, but thats it. What I have learned: 1. There aint ANY profitable indicator based system; some indi might help you, but the only indicator that works is a human brain. You cant download it from internet. {image} 2. If you trade to get rich, youll get burned. Trading small acc to achive financial freedom or your first million will make you an emotional wreck. Market will eat you alive...
Excelent post, one of the best on this forum!
Heheee, dear Crackpot, you have understood de psichology of trading and that fact that the worst enemy is not the market but ourselfs!!! Again, very good post!!
Regards!

P.S. Offtopic a question for the rookies: what can a technical indicator tell you that the price can not!!!??? Answer: Nothing!!!!!!! Wel, there is something that an oscilator can actualy help you, if you look for divergences. All the best!!!
  • #159
  • Nov 6, 2016 11:53am Nov 6, 2016 11:53am
Quoting Crackpot
More PM-s, some people just dont get it. I have been trading for 9 years! and I cant call myself a profitable trader, I get some money for few beers or movie and popcorn, but thats it. What I have learned: 1. There aint ANY profitable indicator based system; some indi might help you, but the only indicator that works is a human brain. You cant download it from internet. {image} 2. If you trade to get rich, youll get burned. Trading small acc to achive financial freedom or your first million will make you an emotional wreck. Market will eat you alive...
Every sentence is true....very good...
and 90% profit exist....in wonderland with alice and the rabbit!
Vucking good EA coder... https://t.ly/AZjRM
  • #160
  • Nov 6, 2016 12:03pm Nov 6, 2016 12:03pm
Quoting Crackpot
More PM-s, some people just dont get it. I have been trading for 9 years! and I cant call myself a profitable trader, I get some money for few beers or movie and popcorn, but thats it. What I have learned: 1. There aint ANY profitable indicator based system; some indi might help you, but the only indicator that works is a human brain. You cant download it from internet. {image} 2. If you trade to get rich, youll get burned. Trading small acc to achive financial freedom or your first million will make you an emotional wreck. Market will eat you alive...
Very nice post!

Trading is like any other thing in life, 99.9% of people will not reach the major league.

First you need some grey matter to make your own interpretation of the game. How you can do that? By looking at price until you get a feel for it. It require time, patience and hard work. It can take months, years, but at some point you will make it.....or not. 90% will faill here simply because they are not smart enough, it's sad but it's like that. Those stupid people will always search on trading forum and pass their entire life trying different systems/indicators with the hope of finding the holy grail, like almost everyone here.

If you pass through this first stage then i assume you can now find your own edge and develop a trading srategy around. Now you think you are gonna quit your job, trade for a living and make millions. Certainly not, you are just at the begining of your journey as a trader. Most of trader who reach this stage will faill. They will make money for some time then lose it all. They will tilt at some point and lose their hard earn money because of a lack of discipline and emotions control. Then they will blame their trading system and start looking for a new one, thinking what they identified as an edge don't work. Then they will lose their time on trading forum trying different systems/indicators with the hope of finding the holy grail, back with the first 90% of losers. A lot of very smart people will stop their journey here because being smart is not the only thing you need to reach the major league.

The road to succes is hard, people who make it are smart but they also raise themself over the mass by doing things the 99.9% losers don't do.
-They respect their plan.
-They work hard on discipline and emotions control.
-They keep a journal and reviews the trade they took.
-They are not greedy and know what to expect from their strategy.
-They trade only if they are in good shape.
-They have a pre-trading routine.
-They let their ego on the sideline and recognize they can't always be right.
-ETC.... the list is long.

I'm a full time trader, i work 8-12 hours a day (4-6 hours trading and 4-6 hours sharpening my traders skills and strategies). You think you can compete against me on the battlefield with some BS strategy/indicator you just found for free on a trading forum....LOL you will lose all your money.
You got to strike when the moment is right without thinking
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