5 years and still no strategy | Page 26 | Forex Factory

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5 years and still no strategy

  • #501
  • Apr 25, 2017 2:10pm Apr 25, 2017 2:10pm
Quoting Kanzler
{quote} Yes. But that's because I'm not creepy and know how to pick up women.
Lol, if you think you aren't creepy then you're particularly creepy... and won't learn how to profit.
"The fun is in the hunt. Not the kill."
  • #502
  • Apr 25, 2017 2:11pm Apr 25, 2017 2:11pm
Quoting Redeflect
{quote} Lol, if you think you aren't creepy then you're particularly creepy... and won't learn how to profit.
Whatever weirdo.
  • #503
  • Apr 25, 2017 2:16pm Apr 25, 2017 2:16pm
Quoting Kanzler
{quote} Whatever weirdo.
Profitable Weirdo*
"The fun is in the hunt. Not the kill."
  • #504
  • Apr 25, 2017 2:21pm Apr 25, 2017 2:21pm
Quoting Redeflect
{quote} Profitable Weirdo*
Stop lying to people. We have already established that you are not profitable. Let's not go down that road again lest I start quoting from page 20.
  • #505
  • Apr 25, 2017 2:42pm Apr 25, 2017 2:42pm
Quoting Kanzler
{quote} Stop lying to people. We have already established that you are not profitable. Let's not go down that road again lest I start quoting from page 20.
On the contrary; you convinced yourself that other individuals cannot be profitable if they're contradicting some of your already flawed reasoning. That doesn't establish anything.
"The fun is in the hunt. Not the kill."
  • #506
  • Apr 25, 2017 2:46pm Apr 25, 2017 2:46pm
Quoting Redeflect
{quote} On the contrary; you convinced yourself that other individuals cannot be profitable if they're contradicting some of your already flawed reasoning. That doesn't establish anything.
Dated March 1, 2017. Please, stop. Don't give me excuses, it's insulting to my intelligence. No profitable trader has a drawdown of 80%.

Quoting Redeflect
I'd like everyone's opinion on the 90/90/90 standard. I realized in laughter this morning that I was nearly a part of that 90%. (I think I lost 80% of my account in 60 days). In my honest opinion if you push yourself and survive those 90 days... you're in the clear.
  • #507
  • Apr 25, 2017 2:56pm Apr 25, 2017 2:56pm
don't mind at all, but it is no way to explain it fully. i was only resonating what calculus said

his last long post in fact gives you a good answer, please read it thoughtfully.

what i can reaffirm is that the extreme of price movement (sometimes, a wick of a long candle) happens becoz of something on left. there's always a reason why the needle 'tip' at that level. some levels are simply more important than the others, and will cause those needle 'tips'. often, price react again upon returning to those 'tips'. anyway, this is a long story, and may only be discovered after reading charts for a long long time. good luck.

btw, i'm not talking abt support resistance......

Quoting metta87
{quote} but the fact that you wont enter somewhere doesnt mean others wont neither. Also by tip of the needle, did you mean candle ? if then how can you know the tip of the candle is reached also ?i hope you dont mind me asking.
  • #508
  • Apr 25, 2017 3:04pm Apr 25, 2017 3:04pm
Here's a strategy.

If it rains short
If it's sunny long

Simple af. Try it for a year.
"Diversification is an excuse for a lack of talent" ~FXC
  • #509
  • Apr 25, 2017 3:21pm Apr 25, 2017 3:21pm
Quoting Kanzler
{quote} Dated March 1, 2017. Please, stop. Don't give me excuses, it's insulting to my intelligence. No profitable trader has a drawdown of 80%. {quote}
Not excusing anything. You're wrong. Whether or not you realize that's on you.
"The fun is in the hunt. Not the kill."
  • #510
  • Apr 25, 2017 3:23pm Apr 25, 2017 3:23pm
Quoting Redeflect
{quote} Not excusing anything. You're wrong. Whether or not you realize that's on you.
Prove it. At least I have the guts to make live calls.
  • #511
  • Apr 25, 2017 3:48pm Apr 25, 2017 3:48pm
Quoting Kanzler
{quote} Prove it. At least I have the guts to make live calls.
You understand so little. Having 'guts' to make live calls isn't accomplishing anything. Having the 'guts' to take an 80% drawdown with conviction, however... Well, that can be quite profitable. A real trader can take a 95% drawdown without batting an eye. If you are afraid of the drawdown then you're waiting to go broke.

Being 'right' doesn't matter. All that matters is Alpha.
"The fun is in the hunt. Not the kill."
  • #512
  • Apr 25, 2017 3:54pm Apr 25, 2017 3:54pm
Quoting Redeflect
{quote} You understand so little. Having 'guts' to make live calls isn't accomplishing anything. Having the 'guts' to take an 80% drawdown with conviction, however... Well, that can be quite profitable. A real trader can take a 95% drawdown without batting an eye. If you are afraid of the drawdown then you're waiting to go broke. Being 'right' doesn't matter. All that matters is Alpha.
I am not afraid of drawdown. I simply do not tolerate it and close losers quickly. Accepting 80% drawdown means you were not that far from a margin call. What makes the future any different? What's the cutoff? 90% drawdown to margin call? 99%? What's stopping you from going completely broke? Nothing.

I am sure you will do quite well for a while. Then one day it will all go horribly wrong and you'll be left stunned at how it could have happened. When it does, just remember me - I told you so.
  • #513
  • Apr 25, 2017 4:16pm Apr 25, 2017 4:16pm
Quoting Kanzler
{quote} I am not afraid of drawdown. I simply do not tolerate it and close losers quickly. Accepting 80% drawdown means you were not that far from a margin call. What makes the future any different? What's the cutoff? 90% drawdown to margin call? 99%? What's stopping you from going completely broke? Nothing. I am sure you will do quite well for a while. Then one day it will all go horribly wrong and you'll be left stunned at how it could have happened. When it does, just remember me - I told you so.
how many time have you lose a whole account? and if you have lost a whole account how long did it take to do so?
  • #514
  • Apr 25, 2017 4:26pm Apr 25, 2017 4:26pm
Quoting Ross88
{quote} how many time have you lose a whole account? and if you have lost a whole account how long did it take to do so?
I lost a whole account once of $100 when I first started out with indis and crap like that. After, I lost around 25-30% of two $1,000 accounts over a period of 3 or 4 months and called it quits for a while. I had another account after that which was more or less break even or small loss. For what I made at the time, $700 in losses was enough for me to feel pain. But I never was in a position of drawdown where I was praying for the market to turn around and lose the whole thing. More like death by a thousand cuts. Now I do demo until I can create a good track record. I will just save the money I would otherwise lose so that later when I am sure I know what I'm doing I can set up a larger account in the ballpark of 50k.
  • #515
  • Apr 25, 2017 4:39pm Apr 25, 2017 4:39pm
Quoting stevepatt
{quote} The Banks aren't interested in Retail Stops. They are only interested in getting their Customers Orders filled at the best possible Price. If Retail Stops get in the way of their Limit Orders then they will get Absorbed. The Banks use Whole and Half Numbers, a lot, to Accumulate the Orders they need filled. This is why you will see the Market PullBack, often, to these Price Points. Just take a look at any Pair any Time Frame to see this. {image}
When the market is going up BUY.

When it stops going up get ready to SELL.
Attached Image (click to enlarge)
Click to Enlarge Name: 25th April 17 GBP:JPY h1 Observations 2.png Size: 117 KB
  • #516
  • Apr 25, 2017 5:12pm Apr 25, 2017 5:12pm
The thing most traders don't understand is that 90% of the time you are loosing money or breaking even. And its the 10% of the time where your profits are whipsaw. Traders don't have the persistence, the grit or the endurance necessary to stick around for these whipsaw movements. Money will never be easy to make, those that want the straight line curve will die broke.
Special one
  • #517
  • Apr 25, 2017 5:16pm Apr 25, 2017 5:16pm
I have no doubts that most of you here have profitable strategies , its the persistence man's problem. I can trade 22 days in a month and my profit will come from only 2-4 days. That's the nature of the business. Some times I ask myself if I am going to have a profitable trade again, because its loss upon loss like non stop. Then bam 30%.

It's almost as if it tests you and just wants you to fuck up. It wants to see how courageous you are, how patient you are. And I promise you every time I take it personal, it smacks me in the face. I get bored sometimes of waiting and feel I need to short a rally I am seeing, everybody can guess what happens after that. Geuss It takes a long time for those emotional responses to the market to disappear.
Special one
  • #518
  • Apr 25, 2017 5:28pm Apr 25, 2017 5:28pm
Quoting calebfx
{quote} Well allegedly when President Trump visited Russia some escorts peed on him and it was meant to arouse him hence the joke golden shower, now that you know do you want that or 2 hugs or the soul of my ex haha (wicked)
oh well you learn new things every day, ill take that and a hug at the start and end.


here's a good forum for a strat, my ea is partly based off this, this is for the people who like indicators.

https://www.forexfactory.com/showthread.php?t=315572
There ain't no such thing as a free lunch
  • #519
  • Edited 6:52pm Apr 25, 2017 5:32pm | Edited 6:52pm
Quoting VEEFX
{quote} "The brain is a burden on the body. It serves no purpose in the body's acqusition of resources" - WTF... i am at loss of words lol {quote} ONE MORE LOL
It was a metaphor for society and what a brain does for an organism. It serves no physical purpose because it isn't a muscle. It only serves a structural one. It's a necessary cog in a system that cannot function without it even though it isn't directly responsible for the system's output. It performs logic operations but it does not provide any directly tangible benefit outside of it's specific contribution to the output of the entire system. It's value is intrinsic.

Also, under certain circumstances, a 95% drawdown is entirely reasonable. A real trader can identify those circumstances enough to know that a 95% drawdown is better than an 80% loss. You pay to play.

risk ^ risk ^ risk ^... reward ^ reward ^ reward ^

If someone had been long EUR/USD at 1.08 a month ago and rode it all the way down to 1.06 after Trump launched those missiles into Syria... what would their 95% drawdown be right now? My estimate is +35%. That's a decent profit.

How about if they were short USD/ZAR when the FED raised the interest rates? They'd have ridden it down from 13.3 to 12.3. If they had a 95% drawdown at that time... they would've gained that back and ended up with a +70% profit a few months later when Zuma rearranged his cabinet and it shot from 12.3 to 13.9 within a week.

The drawdown only matters when you over-leverage, get a margin call, and are too afraid to get back in. Death by a thousand cuts is still death. If you aren't afraid to die then why argue that death is inevitable? Accept your fate, live your life, and play the game. The only thing you have to fear is fear itself.
"The fun is in the hunt. Not the kill."
  • #520
  • Apr 25, 2017 5:45pm Apr 25, 2017 5:45pm
95% DD acceptable?? Lol mmm nah.

let me explain something further as to WHY no one here will ever be consistently profitable.
Banks are segregated. Think about that. Teams work on different things. So you have strategy experts, IT experts/algos, trading experts. None of them understand OVERALL what they are doing. Its how 911 and every other huge task was and is done.

trading is the biggest scam on the masses of all time. Just stop
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