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5 years and still no strategy

  • #1,581
  • May 16, 2017 8:04am May 16, 2017 8:04am
Quoting nealpek
Redeflect, are you in a trade now? What markets are you watching? Mistake, I don't WANT the market to go long or short. I let the market tell me what it wants to do....and then happily follow!
I'm in a position of "WTF EUR/USD STOP GOING UP"

My guess: People actually care about the political drama.
"The fun is in the hunt. Not the kill."
  • #1,582
  • May 16, 2017 8:25am May 16, 2017 8:25am
Quoting EcoTrader
{quote} 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...
" when your signature account "?? I'm sorry I don't remember talking about my accounts.

I'm sorry but in the true fuck are you saying, in a lot of cases i see 2% as too much my accounts are growing just fine thank you.

Here below are two results of an old ea I made. results for a year, top one shows a solid set risk 1%. the 2nd shows the set at risk of 5% pretty much the same result it made more using 1% .

1% return =100.2%
5% return =95.2%

I am more than aware in real time results will differ, i know cause I made it.
I would rather sleep with 1% being managed rather than 5%.
I'm always losing capital, i just make sure I make more then I lose.

i will continue to hold my ground against the siege of idiocy.

but hey what do i know I'm just failing, another wannabe trader, just part of the failing 95% , best not to listen to me and follow this guys recommendations about using 5-6% .

(BTW I don't use this version of the EA, I made it a lot better and using a version as a passive income)
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There ain't no such thing as a free lunch
  • #1,583
  • May 16, 2017 8:41am May 16, 2017 8:41am
Quoting Redeflect
{quote} Why on earth would I want people to listen to ME? I want them to think for themselves. I just believe the journey is half the fun and if someone isn't profitable yet then they either need to keep searching or give up. There is a certain level of 'being ready' required that many people aren't. Sometimes I mislead, sometimes I'm scathing, sometimes I'm just looking for entertainment, and sometimes I'm incredibly helpful and reveal too much. What they do with what I give is up to them.
Why would a person not bent on chaos do that? It makes no sense to me.
If you are good at something, never do it for free--Joker
  • #1,584
  • May 16, 2017 8:55am May 16, 2017 8:55am
Quoting hilmy83
{quote} 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..
That is correct. You just need to be there. A lot of traders here are trading part time. Hard to make real money like that. You need to be at the terminal five days a week, ten hours a day, from London open to New York lunch. If you do that, you will make more money that working a nine to five. Take your signals, rely on your stops unless you are clearly proven wrong before then. Do it every day. Be the house. If you follow the traders equation religiously, then you are the house. You will make money over time.

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If you are good at something, never do it for free--Joker
  • #1,585
  • May 16, 2017 9:37am May 16, 2017 9:37am
Quoting jmn5611
{quote} Why would a person not bent on chaos do that? It makes no sense to me.
To help them understand chaos.
"The fun is in the hunt. Not the kill."
  • #1,586
  • May 16, 2017 10:14am May 16, 2017 10:14am
For all those who are interested in CrucialPoint's tick scalping system, I have been reverse engineering it for the past month and will be posting a thread soon with details.
  • #1,587
  • May 16, 2017 10:28am May 16, 2017 10:28am
My Forex trading strategy is based entirely on price action, no indicators, no confusing techniques, just pure price.
  • #1,588
  • May 16, 2017 10:44am May 16, 2017 10:44am
Quoting VEEFX
Picture is worth a thousand words... Retail Forex is DEAD lol {image}
you sure? who's money i'm taking? is it yours? somebody's paying my mortgage..

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  • #1,589
  • May 16, 2017 10:57am May 16, 2017 10:57am
Quoting Lindman
will be posting a thread soon with details.
Not a good idea imho. One of the reasons: it will make the transfer of knowledge much more difficult, because nobody will want to share their screenshots anymore.
Cheers,
k
  • #1,590
  • May 16, 2017 11:28am May 16, 2017 11:28am
Quoting kprsa
{quote} Not a good idea imho. One of the reasons: it will make the transfer of knowledge much more difficult, because nobody will want to share their screenshots anymore. Cheers, k
There are plenty of people who share their screenshots and teach others their system. What knowledge are you referring to?
  • #1,591
  • May 16, 2017 11:41am May 16, 2017 11:41am
Quoting hilmy83
{quote} you sure? who's money i'm taking? is it yours? somebody's paying my mortgage.. {image}
It's not mine....actually I think your aren't taking anybodies money hilmy.

Your are just working in the marketing departement of a forex broker or for an introducing broker paid with peanuts to keep the dream alive and lure in new victims. Don't you?

So it is far more likely that your mortgage is either paid by your wife, your daddy or your mom or you are in foreclosure....
But please don't go into more details....
  • #1,592
  • May 16, 2017 11:46am May 16, 2017 11:46am
Quoting dkrock
{quote} That is why you have to build a trading plan with consistency. Then you can teach it to family and friends. They each pick their pair. You use a trade copier to copy each other's trades into each other's account. Ten friends, ten pairs. 50 pips each = 500 pips each. That is how you compound and diversify. Your work does not change, but you gain 90% more activity per day. As Jean Paul Getty said "I would rather earn 1% off the efforts of 100 people than 100% off the efforts of myself".
Right on! I let my children pick the market they wanted. They picked Eur/Usd,, ouch! In my opinion a tougher market. Got floored the other day by one of their comments: If everyone is going this way, shouldn't we be looking to go the other way? I almost creamed my pants. Probably easier to teach a child with no beliefs than an adult with convictions!
  • #1,593
  • May 16, 2017 11:57am May 16, 2017 11:57am
Just curious, can anyone explain how there can be 14 traders all with the name Invisible?
  • #1,594
  • May 16, 2017 12:07pm May 16, 2017 12:07pm
Quoting nealpek
Just curious, can anyone explain how there can be 14 traders all with the name Invisible?
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  • #1,595
  • May 16, 2017 12:08pm May 16, 2017 12:08pm
got it! thanks. tricky tricky.....
  • #1,596
  • May 16, 2017 12:16pm May 16, 2017 12:16pm
Quoting dkrock
{quote} Because you talked about not sleeping. It isn't healthy. Forex will be there when you wake up. If you organize yourself, you gain more peace and less stress. Just advice from an over-achieving multi-tasker. When you write down your goals, you have a 93% chance of achieving them over someone who doesn't write them. If you design a daily calendar, you can focus your most precious commodity, time, into more productive use. Sorry if you took any personal offense to general business knowledge.
You misunderstand. That was what I did to learn how to trade. To learn how, when, and why the market moved. Without any concrete 'system'. I was hunting and it payed off. Everyone tosses around strategies and business plans and theories about what it's doing without actually watching what it's doing. It's a lot easier when you know if the beast is sleeping, eating, exercising, and most importantly panicking. It helps to objectify the market's sentiment when you're projecting it onto an imaginary construct(The beast does dumb things that don't always make sense to a rational observer).

I mean, Lindman just said he's spent a month trying to reverse-engineer CrucialPoint's tick-chart scalping system. There is no need to reverse engineer anything. Just go watch the tick charts for a few months and the system reveals itself.
"The fun is in the hunt. Not the kill."
  • #1,597
  • May 16, 2017 12:28pm May 16, 2017 12:28pm
Quoting Lindman
{quote} What knowledge are you referring to?

Actually I start to think your thread will be a lot of fun.
k
  • #1,598
  • May 16, 2017 12:29pm May 16, 2017 12:29pm
Quoting nealpek
{quote} Right on! I let my children pick the market they wanted. They picked Eur/Usd,, ouch! In my opinion a tougher market. Got floored the other day by one of their comments: If everyone is going this way, shouldn't we be looking to go the other way? I almost creamed my pants. Probably easier to teach a child with no beliefs than an adult with convictions!
Children are always easiest to brainwash.
"The fun is in the hunt. Not the kill."
  • #1,599
  • May 16, 2017 12:43pm May 16, 2017 12:43pm
Quoting HudithePfupf
{quote} It's not mine....actually I think your aren't taking anybodies money hilmy. Your are just working in the marketing departement of a forex broker or for an introducing broker paid with peanuts to keep the dream alive and lure in new victims. Don't you? So it is far more likely that your mortgage is either paid by your wife, your daddy or your mom or you are in foreclosure.... But please don't go into more details....
If Hilmy is a snake oil salesman, I'm the pope....just saying...
Look Sharp/Trade Tight
  • #1,600
  • May 16, 2017 12:51pm May 16, 2017 12:51pm
Quoting kprsa
{quote} Actually I start to think your thread will be a lot of fun. k
I'm dying.
"The fun is in the hunt. Not the kill."
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