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The impossible-question regarding Forex

  • #41
  • May 13, 2017 8:17am May 13, 2017 8:17am
A1. Trading forex without a plan ...
A2. Trading forex with a strategy ...
Market is not random but unpredictable
  • #42
  • May 14, 2017 4:59am May 14, 2017 4:59am
Quoting Dopey
1. Completely removing all emotions. 2. Frontal lobotomy.
Just use a computer to execute if those are your problems
I live entirely from the growth of my personal trading account
  • #43
  • May 14, 2017 11:30am May 14, 2017 11:30am
Q: What would be impossible to do, but if you could, it would dramatically increase your trading performance?
Patience

Q 2: What would make it possible?
cure mentality
Forex Philosopher
  • #44
  • Jun 18, 2017 10:39am Jun 18, 2017 10:39am
Quoting aediaz1
Being able to ask the right question is a difficult task but is doable and might lead you one step forward in your process. Q: What would be impossible to do, but if you could, it would dramatically increase your trading performance? Q 2: What would make it possible? {image}
1) Making 100% profit here.
2) A profitable trading strategy.
  • #45
  • Jun 18, 2017 11:49am Jun 18, 2017 11:49am
Quoting GeorgeBaile
{quote} 1) Making 100% profit here. 2) A profitable trading strategy.
i dont understand with ur answer sir, more specific please i have bad english
  • #46
  • Jun 18, 2017 6:27pm Jun 18, 2017 6:27pm
My 1st rule of life:

"Nothing is impossible in this world, everything is possible"

Unfortunately things that we cannot change we call them impossible however we have not discovered every secret of this universe. Therefore, nothing is impossible, its just we need to discover the right method change the state of impossibility to possible.

As for trading, I don't find anything impossible because I know there is a method for every thing that I haven't found yet for that particular problem which is why I look for the solution rather than sobbing at the difficulty of the problem.
  • #47
  • Jun 18, 2017 6:45pm Jun 18, 2017 6:45pm
A. A 100% win ratio.
B. Being psychic.
  • #48
  • Jun 19, 2017 2:33am Jun 19, 2017 2:33am
Quoting SulemanMehmo
My 1st rule of life: "Nothing is impossible in this world, everything is possible" Unfortunately things that we cannot change we call them impossible however we have not discovered every secret of this universe. Therefore, nothing is impossible, its just we need to discover the right method change the state of impossibility to possible. As for trading, I don't find anything impossible because I know there is a method for every thing that I haven't found yet for that particular problem which is why I look for the solution rather than sobbing at the...
What complete bunk.

Positive thinking is all very well, but if you take an idiot and make him think positively, all you have is a positive idiot.

There are plenty of things that are impossible, for example, guessing the outcome of a coin toss with more than 50% accuracy.

Of course you need to remain positive to continue to look for a solutions and indeed there are solutions to profitable trading, but you need to do a lot more than just believe! The scientific method works whether you are positive or not. Use it!
I live entirely from the growth of my personal trading account
  • #49
  • Jun 19, 2017 6:31am Jun 19, 2017 6:31am
Quoting GuyBaker
{quote} What complete bunk. Positive thinking is all very well, but if you take an idiot and make him think positively, all you have is a positive idiot. There are plenty of things that are impossible, for example, guessing the outcome of a coin toss with more than 50% accuracy. Of course you need to remain positive to continue to look for a solutions and indeed there are solutions to profitable trading, but you need to do a lot more than just believe! The scientific method works whether you are positive or not. Use it!
Luck(Guess) has no place in making logical decisions. Your answer is irrelevant, I talk about reality based facts not random stuff.
Anyone whose trading is based on "Belief" is an idiot. In order to harvest reward you need WORK first and earn it, its not a candy or lottery ticket. Trading is a place of probability and not guess.
  • #50
  • Jun 19, 2017 10:21am Jun 19, 2017 10:21am
Quoting SulemanMehmo
{quote} Luck(Guess) has no place in making logical decisions. Your answer is irrelevant, I talk about reality based facts not random stuff. Anyone whose trading is based on "Belief" is an idiot. In order to harvest reward you need WORK first and earn it, its not a candy or lottery ticket. Trading is a place of probability and not guess.

So what is your win loss rate on the last 1000 setups you executed? You should know this if you are not indeed gambling in denial
I live entirely from the growth of my personal trading account
  • #51
  • Jun 19, 2017 6:00pm Jun 19, 2017 6:00pm
Quoting GuyBaker
{quote} So what is your win loss rate on the last 1000 setups you executed? You should know this if you are not indeed gambling in denial
So you deny that there can't be a win rate higher 50% of time ? 1000 setups cannot be executed other than scalping unless you are going to trade for next 50 years. My win loss rate doesn't prove anything about gambling. Trading randomly without having any knowledge can be called gambling in trading which is of course not the case here. Trading with 2 shots of the whole account is also called gambling unfortunately I don't do any of those because I have common sense which is really need in trading.
  • #52
  • Jun 20, 2017 1:14am Jun 20, 2017 1:14am
Quoting SulemanMehmo
{quote} So you deny that there can't be a win rate higher 50% of time ? 1000 setups cannot be executed other than scalping unless you are going to trade for next 50 years. My win loss rate doesn't prove anything about gambling. Trading randomly without having any knowledge can be called gambling in trading which is of course not the case here. Trading with 2 shots of the whole account is also called gambling unfortunately I don't do any of those because I have common sense which is really need in trading.
I live entirely from trading, I know it is possible to find an edge. I also know it is very difficult to find, and has nothing to do with "common sense".

if you do not have 1,000+ live setups, do you have 10,000+ simulated setups that prove there is an edge available? Or are you just using your "common sense" to determine when to enter?

My guess is that you are not profitable, 99% of traders are not, and that is why I say most retail trader are gamblers in denial. I am profitable and I can prove it with my trading statements since 1 December 2015. I have over 10000 simulated setups, and over 1800 actually traded setups recorded. My win loss rate is just shy of 60%. My winning trades return about 181% of the amount risked, so I need a win loss rate of at least 55% to break even, I never risk more than 1% of my cash on any given trade.
I live entirely from the growth of my personal trading account
  • #53
  • Jun 20, 2017 3:23am Jun 20, 2017 3:23am
Quoting GuyBaker
{quote} I live entirely from trading, I know it is possible to find an edge. I also know it is very difficult to find, and has nothing to do with "common sense". if you do not have 1,000+ live setups, do you have 10,000+ simulated setups that prove there is an edge available? Or are you just using your "common sense" to determine when to enter? My guess is that you are not profitable, 99% of traders are not, and that is why I say most retail trader are gamblers in denial. I am profitable and I can prove it with my trading statements since 1 December...
Totally agree here. Profitable trader's know the numbers. It's like running any business. You can't expect to be profitable with no business plan and no idea what your P&L or balance sheet look like. Unprofitable trader's don't want to take the time to do the real work and crunch the numbers.
  • #54
  • Jun 20, 2017 3:52am Jun 20, 2017 3:52am
Q1. Invest all my money and win with the max leverage.

Q 2. More money!
Looking for profitable short term trades ...|
  • #55
  • Jun 20, 2017 1:27pm Jun 20, 2017 1:27pm
Quoting GuyBaker
{quote} I live entirely from trading, I know it is possible to find an edge. I also know it is very difficult to find, and has nothing to do with "common sense". if you do not have 1,000+ live setups, do you have 10,000+ simulated setups that prove there is an edge available? Or are you just using your "common sense" to determine when to enter? My guess is that you are not profitable, 99% of traders are not, and that is why I say most retail trader are gamblers in denial. I am profitable and I can prove it with my trading statements since 1 December...
First you talk about not being just positive and work. Then you talk about gambling thinking that others don't have a system to trade except for you. Now you are talking that common sense is not need in trading and finding an edge. Simulation does not prove real trading. I see where you are going, you want to show your positive trades to shut down conversations of others in an instant second because "you are profitable". You see, you are not the only one who have a system, edge and is positive. There are other people, who can be worse or better than you but that does not make any one's statements absolute correct.

Common sense eliminates many silly mistakes or more importantly great mistakes from trading and "helps" increase profitability. Proving one's record does not make him a guru. Here you asked for it:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB


Unfortunately this seems too odd to be normal growing account, now let me guess your response ? It could be

1-Fake
2-Gambling

Trading without knowledge is gambling, which is not happening here. Unfortunately none of the account or numbers prove any logical statement.

"My guess is that you are not profitable, 99% of traders are not"

Double check your statements before you speak. You statement is a direct humiliation of others hard work without any prove.
  • #56
  • Jun 20, 2017 3:01pm Jun 20, 2017 3:01pm
Quoting 4for4
A1. Trading forex without a plan ... A2. Trading forex with a strategy ...
The trading plan we have to select with no emotions.
And trading without no strategy your condition as like a ship in an ocean without a rudder.
  • #57
  • Jun 21, 2017 6:53am Jun 21, 2017 6:53am
Quoting SulemanMehmo
{quote} First you talk about not being just positive and work. Then you talk about gambling thinking that others don't have a system to trade except for you. Now you are talking that common sense is not need in trading and finding an edge. Simulation does not prove real trading. I see where you are going, you want to show your positive trades to shut down conversations of others in an instant second because "you are profitable". You see, you are not the only one who have a system, edge and is positive. There are other people, who can be worse or...

Doesn't have to be fake. Listen squire, I am only trying to help you and others, I believe in using the scientific method in trading, part of that process is rigorous review by piers

You made 189% thins month? In your system what is your Return Over Maximum Draw Down from Peak (RoMaD) over the long term (ideally 1000 trades plus) Looking at just returns tells us nothing about the risks that are taken to achieve those returns.

Humiliation as you call it, (I call it pier review) if it makes you really face your reality is a cheap way to learn in my view, trading is raw, being nice in this business is of no value, the market will take your money whether you smile at it or not.
I live entirely from the growth of my personal trading account
  • #58
  • Jun 21, 2017 10:01pm Jun 21, 2017 10:01pm
Forex trading like a baby, nothing in mind just entering any random trade and choosing any trade entry for any pair.
  • #59
  • Jun 22, 2017 6:37am Jun 22, 2017 6:37am
Quoting SulemanMehmo
{quote} First you talk about not being just positive and work. Then you talk about gambling thinking that others don't have a system to trade except for you. Now you are talking that common sense is not need in trading and finding an edge. Simulation does not prove real trading. I see where you are going, you want to show your positive trades to shut down conversations of others in an instant second because "you are profitable". You see, you are not the only one who have a system, edge and is positive. There are other people, who can be worse or...
Hi Suleman,

Sorry but I'm not quite sure what I am looking at here. I know MyFxBook shows Balance, not Equity, in this table but I'm a little confused. You made 189% this month, up 253% from last month (so last month was a 65% loss), and this month you made $4930 which is $5100 better than last month so meaning your $ loss last month was about -$170. But overall you are up 0.51% which equals $4762.30? Which means you balance is a little under $1.000.000??? You are right, it does look very odd, the maths doesn't work for me. Can someone explain it?
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #60
  • Jun 24, 2017 12:30pm Jun 24, 2017 12:30pm
Quoting GuyBaker
{quote} Doesn't have to be fake. Listen squire, I am only trying to help you and others, I believe in using the scientific method in trading, part of that process is rigorous review by piers You made 189% thins month? In your system what is your Return Over Maximum Draw Down from Peak (RoMaD) over the long term (ideally 1000 trades plus) Looking at just returns tells us nothing about the risks that are taken to achieve those returns. Humiliation as you call it, (I call it pier review) if it makes you really face your reality is a cheap way to learn...
Do you honestly think I am asking for your help ? I don't need your help, I have an edge and I am trading profitably and I am happy with it. Before I continue let me tell you few things:

I don't care about your teaching. I don't care about your scientific concepts. I don't care about your draw downs or anything you talk about.

I answered the question of this thread, "What is impossible in Forex and what is the solution" I posted my review that nothing is impossible there is a solution for every problem. After that you start countering my post changing the topic and start talking about edge. Then you talk about draw downs and start comparing with your so called simulated 1000 setups and ask for trades.

So you see, whatever you have posted is off topic and does not have any value to me. So refrain from posting useless stuff, especially when one doesn't want your opinions.
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