94840Welcome to the mad house, Dcrecycler.
Ignore the naysayers and do keep posting for those who, like yourselfwake up daily to learn, having an open mind.
Inspiration is a valuable commodity; thanks for sharing.
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94840Welcome to the mad house, Dcrecycler.
Ignore the naysayers and do keep posting for those who, like yourselfwake up daily to learn, having an open mind.
Inspiration is a valuable commodity; thanks for sharing.
94840I#8217;m sorry if it seems I#8217;m contending with you. I totally agree that there are several approaches which everyone must get an approach that both functions profitably and they are comfy with. It seems that you8217;ve reached that point and are achieving results. Fantastic work!
I#8217;ve been involved in the markets since 2001, also in FX since 2007. I'd like to belong to a bunch of traders, and that I learned from studying their failures and successes. Nowadays I know 4 traders who have been successful for periods between 4 and 10 decades. One of these manages a couple million pounds, including a portion of my investment portfolio. These traders have helped to form my manner of thinking: about how markets operate, what egies and methods work and what returns are realistically possible. Of course this doesn#8217;t mean that there aren#8217 other traders out there who use methods that are quite different, and are even more successful.
I also know there is no #8216;one size fits all#8217; risk model. By way of instance, a trader seeking to construct a account immediately might be justified in taking larger risks than a fund manager running a 7-8 digit account that has to take responsibility. I also recognize the agendas of associations and retail traders can be quite different: for instance, retailers often run much smaller positions and may enter and exit with inconspicuous agility, while heavyweights must function to conceal their entrances, lest they move on the market a lot from themselves, and must also unwind their positions more gradually. And so on.
I stand by the statements I made before: this, unless one includes an omniscient perspective of a constantly changing order book (and FX is a decentralized market, making it even more difficult), it#8217;s impossible to sustain a 100% win rate (at gt; 1:1 RR) within a long duration. I don't feel that traditional analysis (TA/FA) can deliver absolute certainty. In my 13 years in the markets, experiences and my observations have made me an absolute believer in the necessity to manage risk. If a trader is currently carrying an excessive amount of risk per transaction, then it may take one'swan' occasion to overturn the most perfect egy. It#8217;s widely known that the biggest reason that newbies blow accounts is overlevaraging. Hence I feel the question shouldn't be can I create? But just how much can I create, without placing my account along with my emotions at risk?
With that said, I know that price movement is the result of orderflow, also it#8217;s possible to make accurate entries using certain S/D-based methods that identify amounts where large volumes of orders are likely to be placed; the patterns which heavyweights produce as they seek to find liquidity; the manner S/R reflects the activities of trapped traders; etc . Hence it is likely to play a sort of metagame, and thus trade with all the #8216;smart cash #8217;. Of course there can be.
Ultimately, I would like to say that trading is an on-going learning process that never stops: regarding the markets, about methodologies, and on your own.
If all this makes me a closed-minded naysayer, then I#8217;m quite happy to become one.
Welcome to this forum, and that I wish you a very delighted holiday and much continued success in 2015.
94840
These are extremely important things that Hanover creates and proceeds to create from the tribble he believes useful details.
1. He has been in market for let's just call it.
2. Within this time, he just knows a couple of men and women who earn money in markets.
3. One of these, he relies on for profit.
Because
4. He doesn't earn money in markets and following 14 decades of the shit doesn't float his ship.
Let's face just a little fact here...
If you had a physician who you found out just scored 45% on his ex, would you continue to seek advice from this man?
If over that exact same time period, you found out your physician lost more patients who helped, would you walk down the exact same block as his office?
What if just some of these powerful patients, were since he consulted other physicians or submitted refer to them seeking better advice?
Years back, I heard a quote and it couldn't really look more relevant than this moment to pass along.
It goes like this:
if you would like to be prosperous, do what other successful people do.
Today...
Read the facts. . .Not just does Hanover, whose claim to fame is that he is a board senior at FF, not have the capability to exchange, he barely knows of a couple individuals who can.
Where does he draw this logic?
Apparently, from like minded.
Better luck next year, Hans!
Quote #2....
94840 That is my announcement I switched $8 to $50 within a week ( 500 pips no single reduction )
948402 Structure (s) First of all,I want to thank all the post and messages of welcome and support.
1. Lex,I can't teach you how to trade but I can tell you is up to you to understand and learn this very rewarding activity.Start together with the basis,learn Technical Analisis, Candlestick Charts,Position and Risk management.Try to see as far as possible from excellent traders.Market Wizards 1 and 2. Trend Following,Jesse Livermore,Rob Booker books,Kathy Lien,Boris Schoolberg,Ed Ponzi,Van Tharp and everything you can get on publish or pad.The final and more significant thing is spend time in front of the monitor viewing the charts.
Start using just as many demo account you need until you became profitable on demo.Just and just then move live with a Micro account and be profitable.The more significant thing is locate your motives for doing this.If you are not prepared do the work,I assure you are wasting your time and cash.
2. Hanover,thank you for your input,I want to learn more about your trading and experiences.Please fell free to comment,add .debate or correct some of my opinions and posts.I will debate you with integrity and honesty and I expect to learn from a healthy exchange.
We are on agreement on most of your points and I can see you are neither a close-mind or a naysayer.
I have been debating if it was a good idea post my statement but you can argue that it was a effective way to find lots of you all attention.
3. Proffesor,with all the sound in the bar,I can only accomplish this humble return.Allow me onto a quiet environment,I can do better,jajajajajaj
Thank you for your input.I want you all a Happy Holidays.
NOTE:Allow me leave you some expect to start the year.
94840@Dcrecycler
your demo account statement is bit worthless with This over 100 lot Dimension trading, I Believe its not possible with Actual live account ^
94844Hanover is right and everyone who has done any research into this game knows it. Bear in mind , he is not saying it is not possible, he is saying it probably won't last.
The advantages that Hanover has over 95% of you is that he could cut code. He would have implemented any egy that claims to make money and tested it within a descent period of time (I mean years not months ). Possibly the egy blew the account wiping out the account and any prior winnings. The next step would be to tweak it so it doesn't dismiss but then the returns aren't anything to brag about. It is not easy to earn money in forex. It is easy to earn some money in forex.
Let us look at Dcrecycler's last trade Short EURUSD 1.21745 1.21725... diff is 0.0002... He created 20,000 off 2 pips? Think about it... How big does that trade have to be? Ooo about 100 million dollars - i.e. the 1000x 100k lot he exchanged.
Today, let's look at the margin requirements for this particular trade. If I want to maintain a 0.5% margin for that trade, I'll want an account balance of 500,000 minimum. He doesn't even have that now so realistically you cannot trade this. His first trade of 50 lots (5 million) would require a margin of 25,000.
We haven't even contemplated commissions or the spread yet!
These large risk egies will eventually blow up, and if it did not blow up in the first weeks then you're lucky because your buffer for the madness just happens to become larger.
94840How do you know I don't write code?Backtest?Did not cross your mind I could have more than 1 account and egy?Unbelievable that after everything I said,there's still members want to want me or need me to fail or query what can or can't do.If it's a real or presentation or when I'm for real or fake.Get over,believe,or not or simply visit the upcoming post.Does not create. Any difference.as I said I read this article to learn and also provide something in return.Be favorable and you may learn something from me or others.D you need to debate me?DO like Hanover and bring me facts not only negative rethoric.Still have not dare anything anybody said in my response neither I have claim any extraordinary ability.Please read my article from the beginning.Think until you attack.
Growthhack,this is your opinion,thank you for your input.Please clarify why?
94840That to me is the secret to trading. Maintaining to your stop loss, and also not ignoring the fact why you've got a stop loss to begin with. WHY NOT take the opposite trade, if You've Got a STOP LOSS? People who allow their stop loss not, and to be hit go from the new leadership are bias traders. That might wind up in hours of waiting to revenge commerce, which adds to a losing streak. I don't know how folks could risk their funds to tf trading, when the TF is what generates that which you see on the greater. There's a ton of methods to exchange, but if you believe in evolution then do not you feel that simple organisms evolve into complex. Which would indicate the TF gives birth to the tf does not it?
94840Besides harping that in many of your previous posts, you haven't given proof to disprove a high% win rate is sustainable over the long term.
Position on....however with many transaction entrances stopped out b4 the closing accurate entry isn't Accuracy whatsoever. By obtaining the skills required for trading binary choices instrument on expiry that is a beast to muster I learnt to improve my entrance accuracy.
Edit: removed
Simple yet elusive and great question.
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