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  • #321
  • Jan 26, 2017 6:30pm Jan 26, 2017 6:30pm
Need capital cause $10k is useless I NEED TO LIVE ASWELL. And using money means compounding is ruined. At $10k wouldnt get anywhere. $100k minimum needed.

Do the math.

anyway it was iust a stupid thought ill get money from friends. i just feel sorry for traders here was offering a ince in a life time chance and i know it seems too good but its reality.
  • #322
  • Jan 26, 2017 6:33pm Jan 26, 2017 6:33pm
Quoting WolGod
Need capital cause $10k is useless I NEED TO LIVE ASWELL. And using money means compounding is ruined. At $10k wouldnt get anywhere. $100k minimum needed. Do the math. anyway it was iust a stupid thought ill get money from friends. i just feel sorry for traders here was offering a ince in a life time chance and i know it seems too good but its reality.
the problem is: maybe thousend did think exactly this way, by looking in demo account. by trading real account it started getting busted very fast. its a complete different story.

so many times this was done and failed, so understand the people, that its not the best start to do pray this big returns with some sentences.
  • #323
  • Jan 26, 2017 6:35pm Jan 26, 2017 6:35pm
Quoting WolGod
i said I can COMPOUND 100k into $10m in about 2-3 years!!! .
At that rate it will take less than 9 years to pocket 1 TRILLION dollars (or euros), assuming you can find a broker who has that kind of money to take the other side of your trades.

Hilarious, this is pure Seinfeld's material.
  • #324
  • Jan 26, 2017 6:36pm Jan 26, 2017 6:36pm
Quoting WolGod
Those chart examples tell me nothing. So you trade with risk behind a TRENDLINE that YOU drew from connecting dots? are you serious? You trust that THATS where demand/supply is? again im sorry but i bet anything you dont make consistent money. Its simple. Have risk too close without understanding exhaustion absorption from algos (in illiquid times) and youll lose full risk. Other option is keeping your stop well away from trendline and the shakeouts (for which without volume you have know idea when theyll stop OR in fact if its demand supply against...

According to this post I realized you don't know anything about technical analysis and think those trend lines are connecting dots lol. You don't even know how I trade yet bet on everything you probably don't have.


Anyway glad to see people talking big in forex forums every now and then although I get used to it. It doesn't worth continuing so good luck with whatever you do.

  • #325
  • Jan 26, 2017 6:42pm Jan 26, 2017 6:42pm
What the hell are you on about?
read again. I said compound TO $10m

$10m would be my max. account intraday trading.
I obviously couldnt get that liquidity on a position now could I?

Risking 1% per position I will make around 200 - 250% a year.
The only chance of you making real money is by starting an investing company with me and putting in $200k.

lol its the truth but youll miss this opportunity because how can you trust me right?
In 3 years if ya still around ill come back and show what you couldve had.
  • #326
  • Jan 26, 2017 6:45pm Jan 26, 2017 6:45pm
Quoting daivid40
{quote} According to this post I realized you don't know anything about technical analysis and think those trend lines are connecting dots lol. You don't even know how I trade yet bet on everything you probably don't have. Anyway glad to see people talking big in forex forums every now and then although I get used to it. It doesn't worth continuing so good luck with whatever you do.
so youre making from trendlines are you?
bullshit.

trendlines are the result from volatility of value(volume)

you dont see this. Just stop. Youre not making consistent money. So why continue? Its a horse shit strategy.
  • #327
  • Jan 26, 2017 6:53pm Jan 26, 2017 6:53pm
Sorry. Not angry at those in here Im angry at the pricks teaching this crap. I feel sorry for those being scammed. And the pricks that teach trendlines oscillators fibs etc etc - no context
talking like they have a clue why and how. Does my head in.
all the best people. Let me just warn you about trading those things ESPECIALLY with no context.

Prove me wrong anyone by making 3 times your drawdown per week for 10 weeks. Do that then ill concede Theres something to them. But you never will. Not without context and volume
  • #328
  • Jan 26, 2017 7:11pm Jan 26, 2017 7:11pm
Quoting WolGod
Sorry. Not angry at those in here Im angry at the pricks teaching this crap. I feel sorry for those being scammed. And the pricks that teach trendlines oscillators fibs etc etc - no context talking like they have a clue why and how. Does my head in. all the best people. Let me just warn you about trading those things ESPECIALLY with no context. Prove me wrong anyone by making 3 times your drawdown per week for 10 weeks. Do that then ill concede Theres something to them. But you never will. Not without context and volume
Woah, i jumped into that one too quickly, your a nutter!!!!!
  • #329
  • Edited Jan 27, 2017 6:11am Jan 26, 2017 7:13pm | Edited Jan 27, 2017 6:11am
As I said earlier in the thread, FF is the place where everybody knows more than everybody else.

The problem is that it's impossible to prove a negative, that "nobody can use analysis tool X profitably". Such a comment merely demonstrates both conceit and ignorance. The most that anybody can realistically say is "I haven't found a way to use it profitably myself".

 So it's impossible to profit using 'lagging' indicators? A fund manager that I employ uses (predominantly) lagging indicators. I've had money invested with him for 26 months. Every single month has been profitable. Evidence here. You think I've photoshopped the account statement? Enjoy your delusion, it doesn't change the result.

 So it's impossible to profit using fundamentals? I happen to know a gent who was ranked the second best trader in the world by the Barclay Hedge index, for the six year period 2008-2013. (I have a screenshot from the BH website that I can't post publicly, but if you're that fanatically skeptical that you must see it, contact me privately and I'll e-mail it to you). Guess what? He uses FA! He trades into and out of news. He also uses macro and sentiment analysis. The only TA he uses is to time his entries (and some exits) from prior areas of buying and selling. At one point he was the head of FX trading for a company that has over £250 million under management. He also has colleagues and students who likewise use FA, and are profitable.

 So 99.99% of traders fail? Then only 1 in 10,000 is successful. That's impossible to prove. I know at least 5 traders who are consistently profitable, and I'd estimate that, in my 10 years of FX, I've met and worked with no more than 70 traders. That means at least 7% are profitable, at least in the circles that I move in. Or perhaps we're just smarter over here in New Zealand, LOL. After all, our recently retired Prime Minister made much of his $50m fortune as a FX trader working for Merrill Lynch.

There's so much egotistical nonsense posted on trading forums, it's foolish to take anything you read too seriously. If you're a failed trader, and it makes you feel better by telling the world that nobody else has more expertise and ability than you have, well, sorry to be harsh, but your beliefs and feelings have zero effect on the reality that's going on around you.
  • #330
  • Jan 26, 2017 7:17pm Jan 26, 2017 7:17pm
Quoting WolGod
{quote} You do realise theres news sentiment for the whole week? its not after the fact its sentiment for the session / upto the news. Thats one example of forward thinking. I use a chart of course. But my 'indicators' are forward thinking and give real value. Yields, Volume, Delta, Correlated markets etc. let memask you HOW donyou possibly have good risk management by taking break out trades? you would have to get behjnd one bar? How donyou know that bar is real demand or supply without being a volume specialist? Without having all the pieces of...
Hi WG

Can you demonstrate how you forecast? I'm interested. It's true that past data is not a reflection of future data but there are repeatable patterns. Explain how you use volume for say the Pound or Gold? I cannot find any volume data for these. How do you find it? How you use volume to forecast?
You came here for the truth and let me unveil it for you
  • #331
  • Jan 26, 2017 7:22pm Jan 26, 2017 7:22pm

I'm at this market since 2006. First rule in forex forums. Don't engage in a trading argument with a one year member (I don't know your trading lifetime but it seems less than 2 years). They are the creasiest people in the trading word. They are not even traders officially. They are always dreaming of millions but fortunately most of them don't have money to fuck up. They also think that every technical tool is BS and doesn't work at all according to their insufficient experience.


FYI. My strategy is not just trend lines and I don't use every trend line in a chart as a trigger for a position. Several other conditions must be met including the MM part which is a 1:2 rr.


By the way, you don't need to be worried about newbies. Just don't rip them off when you have a chance, they'll be ok after a few years and if they are persistent enough although you yourself seem to be a newbie that one of those pricks told you everything is BS except what he/she told you.lol

  • #332
  • Jan 26, 2017 7:24pm Jan 26, 2017 7:24pm
Quoting hanover
As I said earlier in the thread, FF is the place where everybody knows more than everybody else. The problem is that it's impossible to prove a negative, that "nobody can use analysis tool X profitably". Such a comment merely demonstrates both conceit and ignorance. The most that anybody can realistically say is "I haven't found a way to use it profitably".  So it's impossible to profit using 'lagging' indicators? A fund manager that I employ uses (predominantly) lagging indicators. I've had money invested with him for 26 months. Every single...
What is FF for?
banter
arguments
ideas
discussion
commercial content
to vent anger
to prove oneself the world
to share dreams
to encourage
to learn
to avoid face to face contact
You came here for the truth and let me unveil it for you
  • #333
  • Jan 26, 2017 7:26pm Jan 26, 2017 7:26pm
Quoting hanover
As I said earlier in the thread, FF is the place where everybody knows more than everybody else. The problem is that it's impossible to prove a negative, that "nobody can use analysis tool X profitably". Such a comment merely demonstrates both conceit and ignorance. The most that anybody can realistically say is "I haven't found a way to use it profitably".  So it's impossible to profit using 'lagging' indicators? A fund manager that I employ uses (predominantly) lagging indicators. I've had money invested with him for 26 months. Every...
drawdown?
Profitability is profit / drawdown

Also think of it this way, 26 months of profit... ok was that trading a daily chart a monthly chart? How long do they hold positions. I along with professional traders would do 5 or 6 sessions per week. What this means is instead of 1 position for the month which is what i suspect, where Ill complete 20-26 positions meaning YES my one months work is equivilent of that 26 months.

Anyway interested in the drawdown number, have you got one?
  • #334
  • Jan 26, 2017 7:33pm Jan 26, 2017 7:33pm
Quoting WolGod
{quote} drawdown? Profitability is profit / drawdown Also think of it this way, 26 months of profit... ok was that trading a daily chart a monthly chart? How long do they hold positions. I along with professional traders would do 5 or 6 sessions per week. What this means is instead of 1 position for the month which is what i suspect, where Ill complete 20-26 positions meaning YES my one months work is equivilent of that 26 months. Anyway interested in the drawdown number, have you got one?
I like that ratio of profit to drawdowns. Now can you show me how you use volume in forex to forecast? Where do you get volume data for currencies?
You came here for the truth and let me unveil it for you
  • #335
  • Edited Jan 27, 2017 4:46am Jan 26, 2017 8:02pm | Edited Jan 27, 2017 4:46am
Quoting WolGod
drawdown? Profitability is profit / drawdown Also think of it this way, 26 months of profit... ok was that trading a daily chart a monthly chart? How long do they hold positions. I along with professional traders would do 5 or 6 sessions per week. What this means is instead of 1 position for the month which is what i suspect, where Ill complete 20-26 positions meaning YES my one months work is equivilent of that 26 months. Anyway interested in the drawdown number, have you got one?
Totally agree, drawdown is critical; it's one of the first metrics I look at. I did see some numbers when I initially signed up with him (I'm very risk averse, I take risk management VERY seriously), but I can't seem to find them now. Next time I chat with him, I'll ask for some more detailed performance stats. I got to see how his basic system operates, when I did some software support work for him and his business partners. As far as I know, he trades predominantly intraday, and makes several trades across different markets (mainly forex, but also oil, gold, indices) each week. He does a lot of testing and relies heavily on statistical evidence. He also impressed me as an extremely dedicated and meticulous trader.
  • #336
  • Jan 26, 2017 8:09pm Jan 26, 2017 8:09pm
Quoting hanover
{quote} Totally agree, drawdown is critical; it's one of the first metrics I look at. I did see some numbers when I initially signed up with him (I'm very risk averse, I take risk management VERY seriously), but I can't seem to find them now. Next time I chat with him, I'll ask for some more detailed performance stats. I got to see how his basic system operates, when I did some software support work for him and his business partners. As far as I know, he trades predominantly intraday, and makes several trades across different markets (maily forex,...
Id say he is being very good with risk.
And as I said earlier. Using fibs is discount and if youre on top of news sentiment and have great risk management you can make it work. BUT its not amazing from my point of view, still not fully understanding the whole game. And as you said this guy is smart etc and im sure he is moreso than me and hes worked hard to make this work so thats great but still doenst make him KNOW WHY AND HOW markets move. Thats all im saying. He could have more layers and then be able to leverage the trade even more meaning more profits MUCH MORE.
But yes if it works and it makes money fantastic at the end of the day.
  • #337
  • Jan 26, 2017 8:16pm Jan 26, 2017 8:16pm
Im not explaining myself ... it just pisses me off when people say oh price reacted here at 61.8 fib or at the trendline or price had stoch divergence so it went up etc its plain wrong. and then peoppe accept 60% probability like thats an awesome probability.
  • #338
  • Jan 26, 2017 8:31pm Jan 26, 2017 8:31pm
Quoting hanover
happen to know a gent who was ranked the second best trader in the world by Barclay Hedge.... Guess what? He uses FA! He trades into and out of news.
Hi Hanover,

Trading around the news has little to do with the so-called fundamentals "analysis" ("analysis", yeah right).

Some traders do profit consistently simply by placing momentum trades after the news releases, but let me tell you that they use zero fundamentals analysis, just simple price action, support/resistance levels and/or a couple of simple indicators.

There are also a lot of successful traders who use technical analysis and yet they pretend that they use fundamentals, just to keep a low profile.

Think about it for a second. Let's imagine you have a very profitable trading system. If you say you are using a mechanical trading system, people will never stop bothering you and asking you all kinds of questions about your system. Hell, they can even kidnap you and torture you until you reveal your secret!

On the other hand if you say that you use fundamentals they leave you alone immediately. They don't want to hear about fundamentals, they want specific trading rules they can use immediately or even program on their MT4 platform.

See, don't trust successful traders who pretend to use fundamentals, most of the time it is just a big fat lie. They use moving averages, pivot points, Fibonacci levels, etc... just like the rest of us.

Anyway.
  • #339
  • Jan 26, 2017 8:44pm Jan 26, 2017 8:44pm
Quoting daivid40
I'm at this market since 2006. First rule in forex forums. Don't engage in a trading argument with a one year member (I don't know your trading lifetime but it seems less than 2 years). They are the creasiest people in the trading word. They are not even traders officially. They are always dreaming of millions but fortunately most of them don't have money to fuck up. They also think that every technical tool is BS and doesn't work at all according to their insufficient experience. FYI. My strategy is not just trend lines and I don't use every trend...
Youve been at this for 10 years yet still no consostent profit. Im trying to explain why and get shutdown. Trying to help you ffs. But ok keep joining useless dots and losing then winning then losing then winning then losing some more with no idea why.
  • #340
  • Jan 26, 2017 8:53pm Jan 26, 2017 8:53pm
Quoting WolGod
Trying to help you ffs.
If you truly want to help use your (future) billions to build and maintain large shelters for the homeless in your home town.
Then go to the next town and do the same thing.

That alone should keep you busy for years.
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