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5 years and still no strategy

  • #441
  • Apr 25, 2017 4:05am Apr 25, 2017 4:05am
Quoting PayTheLimit
{quote} Perhaps. But let me tell you my experience on stop runs. Its not only the number of stops that are to be executed, but its also about the number of orders you have to take out to get to those stops....the art of a stop run isn't hitting the stops, its getting out of your position, otherwise you are left holding the bag looking like a jackass
And that's a problem they have to deal with.
It's in fear when people show what they truly value.
  • #442
  • Apr 25, 2017 4:16am Apr 25, 2017 4:16am
Quoting Kanzler
{quote}Then I decided I wanted to get rich because my public service job just isn't going to cut it. {image}
Just don't try it with 10/20/50k capital You need to move size (several millions +) to really get rich.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #443
  • Apr 25, 2017 4:35am Apr 25, 2017 4:35am
I'm trying to work out why some of you are here if you speak of forex like this ,wow .

Anyone can place a trade its I'm risk management where you make money.
Account size doesn't matter (still need to be smart can't be 100$) you should aim to make around 40pips a day . not much but keep it steady ,2weeks =400pips with a win rate over 50%it be less but make it an aim this controls greediness and keeps you comfortable.
There ain't no such thing as a free lunch
  • #444
  • Apr 25, 2017 4:41am Apr 25, 2017 4:41am
Quoting forexer801
Account size doesn't matter (still need to be smart can't be 100$)
Oh ok...I guess there's no difference making 50-100% yearly with 5k or 500k capital.
Yeah right...doesn't matter at all.

Keep dreaming
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #445
  • Apr 25, 2017 4:56am Apr 25, 2017 4:56am
Quoting michisuperfr
{quote} Oh ok...I guess there's no difference making 50-100% yearly with 5k or 500k capital. Yeah right...doesn't matter at all. Keep dreaming
If you think like this your deemed to fail for being to greedy , if you make 100% with proper risk and everything else and not be stupid the people who will help you will be happy to help doesn't matter if you started with 1k or Xk, we don't care what your starting capital is , we care for risk and pips

Your aim on the market is to make pips making money is the by product
There ain't no such thing as a free lunch
  • #446
  • Apr 25, 2017 5:01am Apr 25, 2017 5:01am
Quoting forexer801
{quote} If you think like this your deemed to fail for being to greedy , if you make 100% with proper risk and everything else and not be stupid the people who will help you will be happy to help doesn't matter if you started with 1k or Xk, we don't care what your starting capital is , we care for risk and pips Your aim on the market is to make pips making money is the by product
It has nothing to do with greed, I'm just well aware that capital is the second most important thing (after being profitable), if you want to make a living with trading.

I can't pay my bills with pips They are totally meaningless.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #447
  • Apr 25, 2017 5:03am Apr 25, 2017 5:03am
Quoting Redeflect
{quote} -Yawn- Spoken like a man that hasn't found his edge. But, you are wrong and you're overlooking a few simple things that they all have in common. Also, what on earth makes you think being a Retail Forex Trader isn't work? It's probably one of the hardest jobs out there... It actually requires both learning AND having a brain.
You forgot to add big balls, yup you need humongous balls to trade and don't piss yourself. This is why if anyone tells me they're a trader they earn my respect until of course they show they're full of shit lol
Read in between the price!!!
  • #448
  • Apr 25, 2017 5:32am Apr 25, 2017 5:32am
Quoting WolGod
{quote} So you think price discovery happens by accident? This is your problem my friend. That and the fact you think breaking even every year makes you a great trader. I bet you believe theres months of market conditions which make your marketd 'untradable' due to 'world economics' You do realise currency markets HAVE to move everyday and they do in perfectly for the big banks. They are laughing.
Price discovery does not happen by accident, but price discovery is accidental, let's see if you understand the difference.
If you are good at something, never do it for free--Joker
  • #449
  • Apr 25, 2017 6:06am Apr 25, 2017 6:06am
Quoting Redeflect
{quote} It's probably one of the hardest jobs out there... It actually requires both learning AND having a brain.
I hope your are retired and just game through your pocket money..... with such a mind set at an age < 40 you will become soon a real burden to the public ....
with 99.8% probablity.

But you can change your habits...... Good luck.
  • #450
  • Apr 25, 2017 6:13am Apr 25, 2017 6:13am
Quoting HudithePfupf
Just look at all the forex broker marketing guys active in this forum. You can so easily spot them. Say good bye to these retail snake oil sellers and tell them to f....ck off.
They also started using reverse psychology since quite a while.
Cheers,
k
  • #451
  • Apr 25, 2017 6:26am Apr 25, 2017 6:26am
Quoting Redeflect
{quote} That's why I said "If you know when to apply it". Every EA except for one specific type works in a trending environment but not a ranging environment.
Such statements tell it all..... tell me more about the specific type and explain in greater detail so all can profit from your vast amount of wisdom.
  • #452
  • Edited 8:24am Apr 25, 2017 6:36am | Edited 8:24am
So... I have 5 years of driving experience, I know cars, I know how to accelerate, I know how to brake, etc., but I still don't have a car. Is this normal or it's a waste of time? I'm not looking for a Maserati, but for something really simple with 50% horsepower at 1:2 ratio. 3-5 gallons per mile during EU session and that's all. I tried to race H1-H4 pullbacks, pivots, breakouts and many other cars but without any success...
Should I continue my searches or it's time to leave it?

Just pick one. If it's not for you it won't stay with you. If you don't like it you won't keep it. You want me to pick yours for you?
  • #453
  • Apr 25, 2017 6:40am Apr 25, 2017 6:40am
Quoting HudithePfupf
{quote} Such statements tell it all..... tell me more about the specific type and explain in greater detail so all can profit from your vast amount of wisdom.
can i just clarify your position you think it's basically impossible to make money long term trading currencies?

what is your opinion on someone trading the dax or gold or wheat do you think these can be traded long term and be profitable?
  • #454
  • Apr 25, 2017 7:03am Apr 25, 2017 7:03am
Quoting kprsa
{quote} They also started using reverse psychology since quite a while. Cheers, k
I caught that lol damn sneaky sneaky
Read in between the price!!!
  • #455
  • Apr 25, 2017 7:12am Apr 25, 2017 7:12am
Quoting kprsa
{quote} They also started using reverse psychology since quite a while. Cheers, k
Well, if you lose 50% of your customer base each 6 month (because they burned through their account) you habe to be creative.....However, I don't see this yet on a wide spread basis, because you would have to be quite intelligent to apply it successfully.....

As for now, they still jump in overdrive if I confront them with the reality.....

To all grown ups and teenagers out there currently prone to reverse psychology:
"Please trade forex all day long with a leverage of at least 100:1, never ever just even think about to look for higher education or getting a job, spend 14 hours in front of your screen at minimum, forget friends and family - you don't need them, never give up, get rich quick or die trying!"
PS: "Your parents, your teachers, your friends are losers anyway....they know nothing, they are just yealous that you will make it big time!"

To the snake oil sellers with aspirations in reverse psychology:
I appreciate your hopeless help in achieving my goal to raise the average lure in costs of new retail forex victims from approx 650 USD per customer to at least 2000 USD per customer. Pleasecontinue to motivate regulators to implement retail forex marketing bans, make them liable for their marketing statements, support legislation that enforces negative balance protection for all customers and reduces max leverage for CFD products to a maximum of 5.
  • #456
  • Apr 25, 2017 7:31am Apr 25, 2017 7:31am
Quoting kprsa
{quote} They also started using reverse psychology since quite a while. Cheers, k
Kprsa,

Reverse Psychology, like how?

Traditionally it was "Make Tons of Money" and entice people, Now it's "It's not worth it. Stay away", so people take it as a challenge and join?

Thanks
  • #457
  • Apr 25, 2017 7:35am Apr 25, 2017 7:35am
Quoting HudithePfupf
{quote} Well, if you lose 50% of your customer base each 6 month (because they burned through their account) you habe to be creative.....However, I don't see this yet on a wide spread basis, because you would have to be quite intelligent to apply it successfully..... As for now, they still jump in overdrive if I confront them with the reality..... To all grown ups and teenagers out there currently prone to reverse psychology: "Please trade forex all day long with a leverage of at least 100:1, never ever just even think about to look for...
why the fuck are you here?
To cynical to trade in the markets just 'cause your mad 'cause you bad.
some many people would rather put themselves and others down rather than discuss strats.

PS there is no universal strat, they fit in certain conditions.
There ain't no such thing as a free lunch
  • #458
  • Apr 25, 2017 7:42am Apr 25, 2017 7:42am
Quoting kprsa
{quote} They also started using reverse psychology since quite a while. Cheers, k
23 pages of huffing & puffing no stop yet.....bet OP is gloating all the way lol.
  • #459
  • Apr 25, 2017 7:52am Apr 25, 2017 7:52am
if any of you want actual help just contact me on here.
There ain't no such thing as a free lunch
  • #460
  • Apr 25, 2017 7:59am Apr 25, 2017 7:59am
Quoting aaven
{quote} Kprsa, Reverse Psychology, like how? Traditionally it was "Make Tons of Money" and entice people, Now it's "It's not worth it. Stay away", so people take it as a challenge and join? Thanks
Exactly, they prey on the ego, I for one know forex is profitable, the sad part is no one posting here will tell you their winning edge, if anyone does then you have found Jesus(well not really but you get the point)
Read in between the price!!!
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