Can YOU make money as a trader? | Page 33 | Metals Mine

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Can YOU make money as a trader?

  • #641
  • Edited 11:08pm Feb 27, 2018 10:53pm | Edited 11:08pm
Quoting dkrock
{quote} No offense, but the stoch is one of the worst indicators. The %K setting mirrors the corresponding moving average. %D becomes a moving average trend line you add to the indicator. Slowing restricts its ability to respond to ticks and acts like an increase to the period setting. The 50 line cross mirrors crossing the moving average of the %K value. Because of the "slowing" value, it might be a little off, but that is the general idea. Since this is an oscillating indicator, then once it crosses the 50 line, you want to find its apex. Unfortunately,...
Read about the originator of the indicator. It was never meant to do what you think it is supposed to do. Thank you for proving my point.

Quoting dkrock
{quote} WOW! I don't know you, but you post a lot of information from books. Do you have any information from experience? I have over 40,000 hours of Forex chart time and I think you have given a terrible analysis concerning indicators. You made all that up. No facts. WOW! Why are you giving opinions as advice? Take a business class. Learn something. Trading is non-fictional. Scenarios are fake. I will guess you are a line trader, so you have to guess on every line touch as to what to do next and have incorrectly assumed indicators work the same...
To Spreadbetters defense, he was saying that "muppets, which is a Brit term" do not know what they are doing when they use indicators. This is actually true. My beef with him is that he is expecting muppets to think like experienced traders when that is not possible. Indicators do allow you to turn chaos into order, but only if you have an idea of what order really is.
If you are good at something, never do it for free--Joker
  • #642
  • Feb 27, 2018 11:06pm Feb 27, 2018 11:06pm
Quoting dkrock
{quote} It creates a "mode" value. That means it is measuring the "high" and "low" of the %K periods and showing you where price currently resides within that period. In other words, the periods contain the borders of the sample size and each price within the sample size is shown as the position of the %K line, the mode of that price transaction. When using moving averages, you can choose between means, medians, and modes. Stoch is like a mode reader. The Fisher indicator is an example of a median reader. The vast majority of other oscillators are...
If you know that much, then you must know that the stoch indie is one of the most reliable indies out there, if you know what you are looking at. The only signal for this indie is divergence. There are no others.

Quoting dkrock
{quote} It creates a "mode" value. That means it is measuring the "high" and "low" of the %K periods and showing you where price currently resides within that period. In other words, the periods contain the borders of the sample size and each price within the sample size is shown as the position of the %K line, the mode of that price transaction. When using moving averages, you can choose between means, medians, and modes. Stoch is like a mode reader. The Fisher indicator is an example of a median reader, [high/low / 2]. The vast majority of other...
Sorry I missed your edit. You are correct. What indies do is to help the trader to look left more quickly.
If you are good at something, never do it for free--Joker
  • #643
  • Feb 28, 2018 12:23am Feb 28, 2018 12:23am
Quoting aud
{quote} {quote} ... and I thought this thread was destined to be devoid of humour. That said I don't get why either of you are still posting here.
For one, i can trade successfully..
Time now is 06-20 UK time and i will be trading off the 08-00 15 minute bar. After UK opens.

As i always say, FF is a fun place and i love to crack my sides laughing at the posts. wannabee gurus, especially dictating how to trade and how it should not be done.

Having said that, i do try and help others and others need to be helped and hopefully none of the scammers will get them.

Trade well...
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #644
  • Feb 28, 2018 12:26am Feb 28, 2018 12:26am
Quoting katama
Dear fellow traders, This is my very first post on FF after joining it for 2 years. I only mean to come and learn. I'm looking for a place that traders can share their track records of real money account (minimum of $10K) so that other than compare, learn and get inspired because we all know for the fact that profitable trading is hard. But i couldn't find such a thread. If someone could point me to a place like that i really appreciate. In the mean time, i see this thread "Can YOU make money as a trader?". I think it's somewhat relevant to what...

Hi, if you end the day with extra £££/$$$ OR %%%% you are doing it right.

lot size is irrelevant as you need %%%% gain....

study using a small lot size and look at %%% gain.

trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #645
  • Feb 28, 2018 12:33am Feb 28, 2018 12:33am
Quoting jmn5611
{quote} Of course you did. Nice save! Considering your "level" could be anywhere on the chart. You got talent kid, write any trading books yet? {quote} It's garbage! You got lucky! {quote} If you look at billy's thread he trades about an hour a day on a terrible day, usually it is only 10 minutes or so. Me, if I trade the D1, takes five minutes. It I trade the M30, it might take a little longer as I will have to check in more often.
Trading decisions take seconds to make, so there is a LOT of down time to just kid around...
[/color]

i just posted something similar, lol.

On a serious note too, the downfall of many traders is they make a trade and win, and they then have nothing to do for the rest of the day.

SOOOOO they then do another trade which is normally not planned and fail ( i know as i have done it)

So place the trade , win and have a hobby, play music, have a laugh on FF or collate stats. it all helps.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #648
  • Feb 28, 2018 4:29am Feb 28, 2018 4:29am
Hello. Yes definately we can earn but If we have some good knowledge and a trusted indicator. I bought an indicator at $250 after making a loss of 3grand. Now My 95% trades are in profit. :-) I am soo happy
  • #649
  • Feb 28, 2018 5:03am Feb 28, 2018 5:03am
Quoting misswhite
Hello. Yes definately we can earn but If we have some good knowledge and a trusted indicator. I bought an indicator at $250 after making a loss of 3grand. Now My 95% trades are in profit. :-) I am soo happy

tell us what the indie is, yaaaaaaaaaaaaaaaaaaay

edit,, 95% profit is good, but that 5% loss will ruin you......
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #650
  • Feb 28, 2018 5:34am Feb 28, 2018 5:34am
Quoting misswhite
Hello. Yes definately we can earn but If we have some good knowledge and a trusted indicator. I bought an indicator at $250 after making a loss of 3grand. Now My 95% trades are in profit. :-) I am soo happy
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #651
  • Feb 28, 2018 5:36am Feb 28, 2018 5:36am
Quoting billytt
{quote} tell us what the indie is, yaaaaaaaaaaaaaaaaaaay edit,, 95% profit is good, but that 5% loss will ruin you......
haha good one : )
  • #653
  • Feb 28, 2018 6:29am Feb 28, 2018 6:29am
@misswhite this should be some kind of magic indicator. Good that it works for you. The only indicators I check as pure reference are the moving averages and pivot points.
  • #656
  • Feb 28, 2018 7:27am Feb 28, 2018 7:27am
Quoting Spreadbetter
Hmm, had it on in the background, it’s ok, but simply fast forward to 8 minutes when he gets to the subject of T.A. The interviewer needed to stfu and let the other guy talk. I completely agree that T.A. and psychology/mindset is irrelevant. Here’s my answer to the mindset/psychology bollox; automate, and if your edge isn’t good enough, or it’s not possible to automate it, or you’re not capable, then you don’t have an edge, you’re gambling and guessing, you’re living in the dark ages, you need to give this endeavour up as a bad job and give it up...
Even if you automate, if the psychology of the trader is bad, they will forever be tinkering and overriding the software. And even with the software, you are still gambling and guessing, as you would be with anything that has an uncertain outcome going forward. a software program is nothing more than automatic human inputs.

Quoting Spreadbetter
You quoted this character, I can’t see his quote. Did the coward delete it? {quote}
Maybe he thought it through.

Quoting misswhite
Hello. Yes definately we can earn but If we have some good knowledge and a trusted indicator. I bought an indicator at $250 after making a loss of 3grand. Now My 95% trades are in profit. :-) I am soo happy
You PAID for an indicator when there are thousands of them available for free? I am sorry to hear that.
If you are good at something, never do it for free--Joker
  • #657
  • Feb 28, 2018 7:33am Feb 28, 2018 7:33am
Hello, yes I have struggled making money, but focus my Basket trading EA method on pips profit only. On my MT4 Terminal screen, I change to show profit in 'pips' versus 'deposit currency'. This helps me focus on the system, candles and not the money. When I put on more mini lots on what I believe to be a strong trade, I am not at a loss psychologically by staring at +/- USD profits.
  • #658
  • Feb 28, 2018 8:30am Feb 28, 2018 8:30am
Quoting Oscman24
Hello, yes I have struggled making money, but focus my Basket trading EA method on pips profit only. On my MT4 Terminal screen, I change to show profit in 'pips' versus 'deposit currency'. This helps me focus on the system, candles and not the money. When I put on more mini lots on what I believe to be a strong trade, I am not at a loss psychologically by staring at +/- USD profits.
Why do worry if you have an EA? Aren't you automated?
If you are good at something, never do it for free--Joker
  • #659
  • Feb 28, 2018 8:37am Feb 28, 2018 8:37am
Quoting M3d
{quote} I used to share what I know, but I dont see a point anymore. Room has to be a chatroom, with live sharing at the moment and sharing a lot of screenshots, and price reaction to every level, impossible to do this in some static thread.
That's fine I understand. Many new traders get embarrassed when they make bad calls. If you don't tell anyone what you are doing, you don't have to account for it later.
Ecclesiastes 1:9
  • #660
  • Edited 9:05am Feb 28, 2018 8:42am | Edited 9:05am
Quoting billytt
{quote}[/color] i just posted something similar, lol. On a serious note too, the downfall of many traders is they make a trade and win, and they then have nothing to do for the rest of the day. SOOOOO they then do another trade which is normally not planned and fail ( i know as i have done it) So place the trade , win and have a hobby, play music, have a laugh on FF or collate stats. it all helps.
The boredom trade. Good one Billytt

Nothing is happening in the market so I put on a trade just to make something happen. And something does happen, I lose money.
Ecclesiastes 1:9
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