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5 years and still no strategy

  • #1,541
  • May 15, 2017 11:12pm May 15, 2017 11:12pm
Quoting Redeflect
{quote} That's how you learn. I did it.
20 hours a day, uhm were you on welfare?

You mean, no work, sleep 4 hours a day?

I have been a taxpayer all my life; therefore, i want you to pay me back.

You may train me instead of a refund!

Regards
  • #1,542
  • May 15, 2017 11:24pm May 15, 2017 11:24pm
Quoting Redeflect
{quote} That isn't how you trade. Plain and simple. If it were that simple then there'd be a lot fewer people on these forums.
You might be surprised, but trading is 90% waiting. Plenty of time to be on the forums.
If you are good at something, never do it for free--Joker
  • #1,543
  • May 15, 2017 11:35pm May 15, 2017 11:35pm
Hello all,
Winning at Forex is not impossible, infact it's quite easy but you only need to look at simple things and focus on it.
I have been winning for a couple of months but before that I wipped many of my accounts trying to do some magic on Forex.
The best advice I can give it nowdays for you all is just: LOOK AT SIMPLE THINGS, Forex moves just UP and DOWN, nothing more than that, focus on it!

Cheers,
Chase your dreams, because nobody will do it for you.
  • #1,544
  • Edited 11:56pm May 15, 2017 11:43pm | Edited 11:56pm
Quoting jmn5611
{quote} You might be surprised, but trading is 90% waiting. Plenty of time to be on the forums.
There are a lot better things to do while waiting than exchange theories that fall apart in practice.

I actually turned it into a video-game to keep my attention as I executed pinpoint trades(when I was still trying to learn). I like to place my trades within a few pips of the... you know.
"The fun is in the hunt. Not the kill."
  • #1,545
  • May 15, 2017 11:44pm May 15, 2017 11:44pm
Quoting ypierre
{quote} 20 hours a day, uhm were you on welfare? You mean, no work, sleep 4 hours a day? I have been a taxpayer all my life; therefore, i want you to pay me back. You may train me instead of a refund! Regards
Nope; I worked part time and ate ramen noodles with eggs. I slept for about 30 minutes here and there throughout the nights and had dreams of moving candlesticks for quite a while. I woke up automatically most of the time out of excitement to see what the market did while I napped.
"The fun is in the hunt. Not the kill."
  • #1,546
  • May 16, 2017 12:28am May 16, 2017 12:28am
Quoting RondaRousey
{quote} About time you wrote something meaningful...so tell me why there is a disconnect between theory and reality?
Because we are all going to die and none of us like to think about what that means. So we hide within delusions that shield us from reality. Theories are nice and safe. They are disconnected from time and death.
"The fun is in the hunt. Not the kill."
  • #1,547
  • May 16, 2017 12:44am May 16, 2017 12:44am
Quoting VEEFX
{quote} Does not matter... it could be monthly or whatever based on the frequency and consistent application of so called EDGE which should turns the account into profitability. Even if it is a once a year event lol Please understand that I am protesting the claims made of EDGE based on a CHART - one pair one timeframe i.e. any edge based on price and/or time. Example: price levels, patterns, indicators, gann, elliot, rsi, stok, macd, pinbar, support/resistance, Supply/Demand zones, fans, forks.... anything that is derived from price on a single...
Not true. If there is no momentum then you don't get fucked at all. When there is momentum you either get fucked or get rich.

I prefer to spend more time getting rich and less time getting fucked. I can always visit Singapore later in life.
"The fun is in the hunt. Not the kill."
  • #1,548
  • May 16, 2017 12:52am May 16, 2017 12:52am
Quoting VEEFX
{quote} Does not matter... it could be monthly or whatever based on the frequency and consistent application of so called EDGE which should turns the account into profitability. Even if it is a once a year event lol Please understand that I am protesting the claims made of EDGE based on a CHART - one pair one timeframe i.e. any edge based on price and/or time. Example: price levels, patterns, indicators, gann, elliot, rsi, stok, macd, pinbar, support/resistance, Supply/Demand zones, fans, forks.... anything that is derived from price on a single...
i understand what you're saying, but i go a little further by saying, there is no such thing as retail edge. but you don't need edge to make money in forex....


chew on that shit..
  • #1,549
  • May 16, 2017 1:10am May 16, 2017 1:10am
Quoting VEEFX
You fools can continue to take cheap shots at each other like high school bitches OR use this time to have a meaningful and healthy conversation to discuss market behavior so Noobs can stop doing the mistakes that we all did in our journey !!! Of all my deposits I have ever made on my accounts since 2006, almost 80% of that was lost in the first 2 yrs following some fucked up strategies found on this very forum. (Like this fool here and many others with fancy looking charts ) It took...
you and i started this FF at about the same time..yet we have very divergent view.

i agree with most of what you said there, i don't wish forex on anybody. it's a sick game. im sorry for your losses..not the money, but your precious time...

*hugsss...*

now, i'm off to make some trades...
  • #1,550
  • Edited 2:10am May 16, 2017 1:15am | Edited 2:10am
Quoting nealpek
Does anyone in this forum actually trade?
I do and it isn't a demo account.
  • #1,551
  • May 16, 2017 1:27am May 16, 2017 1:27am
Would like to chip in as well.
Have been on and off trading forex for about 10years now. (There were a good 3-4yrs where I stayed out to build my business).

I've lost about USD$35k (real moola) trading forex, made some back doing Options Trading in the US Market.
Just got back to trading recently, and don't really care what some posts say. I've been in this too long to give a damn anymore.
I almost treat this like a hobby, the argument may be that I suck at this, hence I am not really making money. That's fine. Everyone has their right to an opinion.

My share to the newcomers to trading forex:
1. Have enough money to start with (Starting is $100 or $1,000 is ridiculous). My account is currently sitting at $30kUSD, and I trade 20k-80k (low leverage)
2. Risk / Reward ratio. Get that right.
3. Don't think you need to be right all the time (in your trading direction), take the loss, while its still small.
4. Remember there's 3 positions in the market: BUY, SELL, and NO TRADE (People keep thinking they have to be in a trade, choosing not to be in one is considered a position)
5. Be consistent and remember rule 1-4.

I'm fortunate, the money I've have lost only represents a small percentage of my total asset base. And I can have some fun.
But trying to make a living out of trading is for the 1% out there. There will be someone, but just not YOU.
Chances favour the prepared.
  • #1,552
  • May 16, 2017 1:46am May 16, 2017 1:46am
Quoting Redeflect
{quote} There are a lot better things to do while waiting than exchange theories that fall apart in practice. I actually turned it into a video-game to keep my attention as I executed pinpoint trades(when I was still trying to learn). I like to place my trades within a few pips of the... you know.
It depends. As someone who is a student of students who are students of the market, I have learned quite a lot on this forum especially. For one, I do not do teaser posts like the one you just did. Are you trying to establish a following so you too can become an IB? I have seen lots of people who do that, and they usually like to tease newbies.

Quoting nealpek
Does anyone in this forum actually trade?
Everyone here trades!

Some trade insults.
Some trade egos.
Some trade stories.
Some trade politics.
Some trade indicators.
Some trade price action tips.
Some trade chart art.
Some trade FX.

But everyone here trades.
If you are good at something, never do it for free--Joker
  • #1,553
  • May 16, 2017 3:13am May 16, 2017 3:13am
Quoting forexer801
{quote} sigh. the fact you see having 7 trades open as a bad thing tells me that you see risking 5% as a bad thing. but everyone has there own ways. bet you love CFD trading. you're exhausting, nothing more tiring than a moron that can't take advice, or learn. Go to a fund and say you risk 5% and you get laughed out the fucking building so you think we trade 1-2% because we have a lower win rate, no were just smarter, don't for a minute flatter yourself by thinking you're better because you risk more. it doesn't matter if you trade...
Coming on here stating you only take 1-2 percent risk when your signature account is nothing but a recipe for blowing accounts with over 6 percent risk on a single position being assumed. If you were smart you'd attached a better trade explorer to your account and that will be it, I will see you are far superior me and accept it for what it is. Fact is you can't and refuse to because through all that bull5hit you really aren't able to grow an account, else you'd be showing that. Calling me a moron when you just don't have a clue is hilarious to say the least.
  • #1,554
  • May 16, 2017 3:53am May 16, 2017 3:53am
Quoting jasonowl
Would like to chip in as well. Have been on and off trading forex for about 10years now. (There were a good 3-4yrs where I stayed out to build my business). I've lost about USD$35k (real moola) trading forex, made some back doing Options Trading in the US Market. Just got back to trading recently, and don't really care what some posts say. I've been in this too long to give a damn anymore. I almost treat this like a hobby, the argument may be that I suck at this, hence I am not really making money. That's fine. Everyone has their right to an opinion....
As a matter of opinion, for newbies practice a lot, huge capital will be taken away by the market easily if you are not psychologically and technically prepared, instead of wasting your precious capital, why not practice a lot first in cents account in that way you will not lose big and once you can established a track record of consistent profits for at least a period of 6 months or a year then that is the time that you can perhaps start to trade standard lot size, it is not an easy task to beat the market at the early years of trading so do not waste your precious money in the early years of your trading. Practice, practice, practice until you master a move that will consistently give you profitable trades. Do not rush the learning process, you will definitely end up in a hospital bed!
  • #1,555
  • May 16, 2017 4:09am May 16, 2017 4:09am
Quoting VEEFX
Last post of the day to chew on.... RISK = % of something that is static BUT Forex is ever changing, moving all the time! AccountEquity() is always changing AccountBalance() is also always changing what the fuck? Let's try availablemargin()... fuck! that is also changing all the time.. dang it Vee. How can I keep the fucking risk static at all times? aha... I have an idea. Let's measure Risk in pips.... fuck me Vee PipValue is also changing with position size aha2... let's keep the position size fixed. that should keep the risk static.... I got...
It's very easy to keep risk below required parameters. A spreadsheet will do this for you. No need to start cursing. Scared money will always lose.

"5. Traders focus almost entirely on where to enter a trade. In reality, the entry size is often more important than the entry price because if the size is too large, a trader will be more likely to exit a good trade on a meaningless adverse price move. The larger the position, the greater the danger that trading decisions will be driven by fear rather than by judgment and experience."

Source: http://ivanhoff.com/2012/07/23/1-notable-quotes-from-the-book-hedge-fund-market-wizards/
Gone to a better place
  • #1,556
  • May 16, 2017 5:09am May 16, 2017 5:09am
Quoting Mingary
{quote} - entries are totally irrelevant to trading, logic says this is as a matter of fact true. Hence one can profit from totally random entries. ==> Yes indeed. What matters is how the trade is managed. - currency pairs and time frames are irrelevant. ==> only transaction cost matters - market do not really change. ==> yes indeed
Entries are extremely relevant. For example, if the Asia range is very low, there is a good chance the London/European session will form a strong break out. It is true that one can profit from random entries, but one can also lose from them. Why make it difficult by making stuff up?
Gone to a better place
  • #1,557
  • Edited 5:43am May 16, 2017 5:29am | Edited 5:43am
Quoting smikester
{quote} Entries are extremely relevant. For example, if the Asia range is very low, there is a good chance the London/European session will form a strong break out. It is true that one can profit from random entries, but one can also lose from them. Why make it difficult by making stuff up?
well simply because this: " For example, if the Asia range is very low, there is a good chance the London/European session will form a strong break out. "
and a million other strategies are not reliable.
Therefore random entries are no better, no worse than any entries coming from any strategy.
  • #1,558
  • May 16, 2017 5:37am May 16, 2017 5:37am
Quoting VEEFX
I got this you math nerds! now leave me alone and let me lose royally in style lol How can we keep RISK STATIC across all positions/pairs/timeframe in a market that never sleeps ??
I coded a script that does exactly that. Every time I place a trade, I input the entry price level or leave it blank for market order, and I input the SL level. The script will calculate the lot size for me and place the trade.
  • #1,559
  • May 16, 2017 5:56am May 16, 2017 5:56am
Quoting VEEFX
{quote} How long have you been trading this so called edge of a pattern ? Minimum 3 yrs I hope. My bet is still out there... there is NO edge in a market that last for more than 3 yrs on a single pair/TF. It just does not exists!
If you can't see them, it doesn't mean they don't exist. There are so many non random patterns in the markets.
Special one
  • #1,560
  • May 16, 2017 5:56am May 16, 2017 5:56am
Quoting VEEFX
Like this fool here
Ah, Bagovino....... and there was also Tlatomi, Boxingislife, Vegas tunnel, Spudfyre, Bunnygirl, Fozzy, Mouteki, PipBoxer, BAT...... some good memories there! I wonder how many of these systems are still being traded profitably today? I wonder how many of today's FF systems will continue to be traded profitably ten years from now? Gives one pause for thought.
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