5 years and still no strategy | Page 50 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

WRB/MC strategy:Coder needed to semi-automate my strategy 11 replies

strategy builder/tester for new scalping strategy 1 reply

Is opposite of losing strategy a winning strategy? 21 replies

After years in trading, do you still believe in get-rich-fast BS? 98 replies

Fozzy - still using after all these years 2 replies

Attachments: 5 years and still no strategy
Exit Attachments

5 years and still no strategy

  • #981
  • May 2, 2017 11:19pm May 2, 2017 11:19pm
Quoting CrucialPoint
Farewell and Good-Bye FF {quote} And so shall I... I've said good bye once, twice... I guess this will be the third and final good-bye (not due to FF or other OP)... I wish everyone the best and good luck in their trading. DO NOT GET SCAMMED Farewell and Goodbye. Peace, CrucialPoint
Dear CrucialPoint!

Before you leave FF for ever, I want to thank you for your (at least for me) very valuable insights and hints regarding trading / psychology.
Your posts helped me a lot in my style of trading!

It is always a pleasure to follow your thoughts / posts
(except when there are haters like here, and the posts are more of personal fights, than valuable information (which was not your intention, I guess))

Dont let you bring down by haters.
Haters are everywhere... just stand above them

Have a great day/life, and move on with your trading; never stop learning / teaching
  • #982
  • May 2, 2017 11:19pm May 2, 2017 11:19pm
Quoting forrestang
As usual, the 'few' stir things up and ruin it for the 'many.' The truth is, people get upset that those they think are 'in the know,' don't spell out exactly how to take money from other traders. Therein lies the attempts at provoking others to spill-the-beans via insults and challenges. But here is the deeper truth: NOBODY, is EVAR going to tell you exactly what it is you need to know to trade(take money from other traders) on the internet. It will never happen. To those of you who don't know, would you? That was rhetorical, of course you wouldn't....
How would you know? You don't sound like you know how to trade...
Attached Image (click to enlarge)
Click to Enlarge Name: Shut-up-and-take-my-money.jpg Size: 347 KB
"The fun is in the hunt. Not the kill."
  • #983
  • May 2, 2017 11:30pm May 2, 2017 11:30pm
Attached Image


As usual, this is what happens.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #984
  • May 2, 2017 11:36pm May 2, 2017 11:36pm
Hi CrucialPoint,

Please stay!

Thank you for the crucial info you have shared with us. You have given us enough to help ourselves and to help others in the future. Whatever help you have provided was from the goodness of your heart: we did nothing to deserve it!

Would you please reconsider?


Regards,

YPierre
  • #985
  • May 3, 2017 12:07am May 3, 2017 12:07am
Quoting RondaRousey
{quote} A tight stop loss is for idiots. Brokers love stop losses because they will try and hit it so you lose money. Remember it is you versus the market and the broker. A game of chess where you have more than one opponent.
right on the nail
people leave, but this thread will go on for ever
  • #986
  • May 3, 2017 12:24am May 3, 2017 12:24am
Quoting CrucialPoint
Farewell and Good-Bye FF {quote} And so shall I... I've said good bye once, twice... I guess this will be the third and final good-bye (not due to FF or other OP)... I wish everyone the best and good luck in their trading. DO NOT GET SCAMMED Farewell and Goodbye. Peace, CrucialPoint
Dear CrucialPoint,

I know: you wanted to give something to the masses. We have rejected you...

Too bad!

I missed you already.
With you, i needed a couple of months...
Without you, maybe an eternity...

May God Bless you, dear friend!

Best regards,
YPierre
  • #987
  • May 3, 2017 12:30am May 3, 2017 12:30am
Quoting Redeflect
{quote} We already saw the video about horizontal lines. Thanks. Here it is again in case you missed it: https://youtu.be/IFJFuJ6-tQY
Now, we are left with the HORIZONTAL LINES.

Regards

Ypierre
  • #988
  • May 3, 2017 12:58am May 3, 2017 12:58am
Quoting CrucialPoint
Farewell and Good-Bye FF {quote} And so shall I... I've said good bye once, twice... I guess this will be the third and final good-bye (not due to FF or other OP)... I wish everyone the best and good luck in their trading. DO NOT GET SCAMMED Farewell and Goodbye. Peace, CrucialPoint
If you'd really leave I'd like to stay in contact with you ...
  • #989
  • May 3, 2017 1:07am May 3, 2017 1:07am
Quoting CrucialPoint
Farewell and Good-Bye FF {quote} And so shall I... I've said good bye once, twice... I guess this will be the third and final good-bye (not due to FF or other OP)... I wish everyone the best and good luck in their trading. DO NOT GET SCAMMED Farewell and Goodbye. Peace, CrucialPoint
When I was 15 y/o, I was very concerned what people thought of me.
When I was 35 y/o, I did not care what people thought of me.
When I was 55 y/o, I realized no one thought of me.

Best of luck, I hope you enjoy this wonderful journey of life. Leave the past in the past!!!!!!

Never let ego or pride determine the next direction of the trade or who you talk to in social media. Ego/Pride is an account buster. Been there, done that! Not doing in again!
Ecclesiastes 1:9
  • #990
  • May 3, 2017 1:09am May 3, 2017 1:09am
very pity.....
  • #991
  • May 3, 2017 1:10am May 3, 2017 1:10am
Quoting RondaRousey
{quote} A tight stop loss is for idiots. Brokers love stop losses because they will try and hit it so you lose money.
The brokers do not have to chase your SL, Ronda. That is not necessary.

I am counting all kinds of SLs and here is one simple example of how often a SL gets hit and how often a TP gets given.

Many might argue that the SLs and TPs are at break even. That might be so only when one is trading with limit orders only, but there, even a small trend will wipe you out. So, I am not going to explain or enter in arguments with anyone. For me that would be useless.

Enjoy your chances. You can see the TP of 0 pips has already 52.33% advantage. Only sniper entries will make money. Precise sniper entries, All other traders will suck it from the wet end. And that is what they are doing successfully for about a century already...

+10 / -10 = 47.67% / 52.33%
+20 / -10 = 23.37% / 76.63%
+30 / -10 = 11.55% / 88.45%
+40 / -10 = 5.53% / 94.47%
+50 / -10 = 2.91% / 97.09%
+60 / -10 = 1.29% / 98.71%

Edit: Almost forgot. That is on the cable (GBPUSD), for the last 5 months. The price did over 2,700 direction changes (flips).
+150 / -10 = 0.04% / 99.96%
Maadik Hugiis. IQ 69.
  • #992
  • May 3, 2017 1:32am May 3, 2017 1:32am
Quoting MoneyZilla
{quote} The brokers do not have to chase your SL, Ronda. That is not necessary. I am counting all kinds of SLs and here is one simple example of how often a SL gets hit and how often a TP gets given. Many might argue that the SLs and TPs are at break even. That might be so only when one is trading with limit orders only, but there, even a small trend will wipe you out. So, I am not going to explain or enter in arguments with anyone. For me that would be useless. Enjoy your chances. You can see the TP of 0 pips has already 52.33% advantage. Only...

Yes,Yes,Yes. This is exactly the way the scalper/swing traders loses money. Have to use ATR +(know the extreme) to determine best S/L. Scalpers beware, swing traders, be cautious, long term traders, be diligent.
Ecclesiastes 1:9
  • #993
  • May 3, 2017 3:59am May 3, 2017 3:59am
Quoting RondaRousey
{quote} A tight stop loss is for idiots. Brokers love stop losses because they will try and hit it so you lose money. Remember it is you versus the market and the broker. A game of chess where you have more than one opponent.
It's an outdated concept that the broker is against you, from one side it is true that every order triggered is gain for the broker but it could be Stoploss or Take Profit or any pending order in general. And after all it is also the interest of the broker that your account will survive for a long time, more time you trade and more money he can gain. After this, it is necessary to considerate that "market maker" brokers are disappearing, the moderns (regulated) ECN accounts put you against the other traders and against the market in general.

What you need is as you said a strategy, for me a strategy is something i can inequivocabile test with historical data, the strategy have to be simple, You don't have to use dozen of indicators and complicated algorithms. The more the strategy is complicated and more there is the possibility to overoptimize it. You don't have to absolutely use insane strategies such as martingale, grid, averaging or others, them gives you the illusion to be in the right path but is only an illusion. Another important concept that most aspirant traders completely forget is that a trade is one single event, if you don't have the possybility to gain more than what you can lose you dont have to consider to open the trade. I have seen a lot of strategies with a take profit of few pips and a stoploss of hundreds of pips. In my opinion this can't work.
  • #994
  • Edited 4:26am May 3, 2017 4:15am | Edited 4:26am
Quoting CrucialPoint
Farewell and Good-Bye FF {quote} And so shall I... I've said good bye once, twice... I guess this will be the third and final good-bye (not due to FF or other OP)... I wish everyone the best and good luck in their trading. DO NOT GET SCAMMED Farewell and Goodbye. Peace, CrucialPoint
Well in my alcohole induced psychosis i may or may not have hit the nerve I was aiming for

leaving is a good option. You're too smart for this place in some ways. In others you get your fill.

At the end of the day its a selfish philosophy, but you're not alone, and i know you mean well

good luck my friend

Inserted Video
Time hides Nothing
  • #995
  • May 3, 2017 4:21am May 3, 2017 4:21am
Let it be a comforting thought that monetary gain is not the sole indication of a happy successful life.

So where most of us might have been unsuccessful as traders, if we learned something from our journey as traders about the world and ourselves, then we have not failed in life.

Some of us will have earned thousands, where as others will have won more, and some would have lost even more. But I for one don't care about your scorecards. If I could turn that negative into a positive, believe me I would. But the only scorecard that matters is my own.

Only the markets can judge my trades.
  • #996
  • Edited 8:00am May 3, 2017 4:36am | Edited 8:00am
Quoting NorthTrader
{quote} I agree with Thx here. TA can only take you so far. To be truly successful you have to deeply understand why the price is moving as it is. What are the macro-economic drivers? What are the current news flows driving sentiment? What is the market positioning? Are the big players under- or over-exposed? What are bonds doing? Where is the dollar index? Price always moves for a reason, even if it's a short-term technical reason such as a stop run (aka false breakout). The reason in this case is that big players are seeking liquidity to fill...
WOW!... nice, I see more people start focusing on the "right" things, the right questions, the right correlations... guys watch "Billions"!!! and go beyond to the underlying levels , take a look that for every "trader" there is an army or analysts who put in place all the correlation to provide the story for a "Buy" or a "Sell"... the trader finds the right place for a good entry in the market. Watch and learn "basic" institutional procedure on the development of ideas to back a trade, find this kind of information, there are there some who leek, search for the right things, don't fall for the lies...
Also, as much as u want to keep it as a hobby, in the end u will have to learn something about economics, and what is moving to world around, this means to evolve!!! The ones who are do in it professionally, also do a MBA and some Masters... This are the people against you are competing, and that's why I thing most wining retails are just lucky.

I just love the eternal analogy.... why in life we all love to buy cheap, and when we sell something (actual having the commodity...) we want to sell at the highs price (houses, cars, bots, jewelry, IT, phones, etc etc) , and when come to negotiate, we are ok! to let something from the initial price but not to much to make some profit... the same thing is with the trading, but people are thought to look on the wrong things... for me, I just love it after I understood it, more money on the market for me..))
  • #997
  • May 3, 2017 5:08am May 3, 2017 5:08am
Quoting sinqua
{quote} Ah Cindyxxx I find your posts just as intriguing as CPs. Dont stfu.
Thanks mate, its weird i somehow view the forum as a blank painting canvas sometimes, then i wake up and realize i painted living breathing people... its always after a few drinks. Something i need to fix but been saying for too long now

kinda fked up really... i really am sorry to all who were offended.

its just this outlet ive always had that i dont get elsewhere and its not ok and no thats not me

trading takes you places you would never be taken otherwise i guess thats one of the invigerrating things about it, although none of which were on the label.. funhy huh

Inserted Video




Inserted Video
Time hides Nothing
  • #998
  • May 3, 2017 5:43am May 3, 2017 5:43am
Quoting DClearsky
Let it be a comforting thought that monetary gain is not the sole indication of a happy successful life. So where most of us might have been unsuccessful as traders, if we learned something from our journey as traders about the world and ourselves, then we have not failed in life. Some of us will have earned thousands, where as others will have won more, and some would have lost even more. But I for one don't care about your scorecards. If I could turn that negative into a positive, believe me I would. But the only scorecard that matters is my own....
Well thats an interesting tbought.. sure i screwed up as a trader more than once but i really pushed and did things i doubt many had the lixury to do. And im
still here

failure was pain but the reward was imense.. one day i will inherrit millions of dollars and only then will i have the fouth "X"; "capitalization. Everything from now till then is training

You tell someone you're a trader and their first question is "how much money do you make" if you cant show them a BMW then they lose interest

Its disheartening to say the least but something i got used to. Somewhere along the way I learned to view trading not as my way out of a shitty life but as a beautiful skill that i can learn and master.

its sad when you get to this point as most "everyone else" seem to be all about the money.

I know of a terrible trader who makes a decent loving trading other peoples money using nothing but a moving average system. He has the funds to do that. Few have

But theres always a silver lining... All i hope to achieve in this is to become as tight as my mentor is. And as respectful of the art as he is.

He told me once of a black smith who could tell the difference between 50 different flame clours and therefore how the steal would turn out as a result

I think this is my favorite story from him


Inserted Video
Time hides Nothing
  • #999
  • May 3, 2017 6:12am May 3, 2017 6:12am
Quoting sinqua
{quote} Ah Cindyxxx I find your posts just as intriguing as CPs. Dont stfu.
Time too

tshhh

Inserted Video
Time hides Nothing
  • #1,000
  • May 3, 2017 6:15am May 3, 2017 6:15am
Quoting ypierre
Hi CrucialPoint, Please stay! Thank you for the crucial info you have shared with us. You have given us enough to help ourselves and to help others in the future. Whatever help you have provided was from the goodness of your heart: we did nothing to deserve it! Would you please reconsider? Regards, YPierre
you are joking? he simple did write some beginner things down from books, but cant trade and hold this beginner rules in own trading. he is leaving, because he dont know how to argument all his mistakes he did write here, he cant stand to this , cant say he was wrong so often. if you miss such man you have big problems in trading. he scammed a lot, but with this many mistakes inside his posts, his personality unable to defend any of his arguments (of of course many he could not defend because he was extrem wrong) he was teached here how small his true experience is, his book experience did not helped him in discussion against true reality experience. you will learn from someone who has to learn even the basics by his own? dont let cheat you from such people, who try to sound smart but write so big mistakes.
3 traders viewing now