Thread: Stop fooling yourself There is no system

40706I wondered when somebody went to try and add one last contestant. I think this one has a pretty good chance...

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40706I vote it among the threads of the year.

Originally Posted by ;

I wondered if someone was going to try and include one last contestant to the annual Shittiest Thread of the Year award. I think this one has a Fairly good opportunity...

40706John,

I do not trust his pretty charts. He posted some.

He utilized media to create himselfas Obama did. However, I have not seen any signs of him being great, let alone profitable.

In fact, his live trade calls aren't live. Initial Strike and the One Night Stand have been profitable, or even in the red the majority of the time. But his curve keeps moving north, based on key supplemental trades which happen in hindsight, never to dwell.

It's a company. Watch out.

Originally Posted by ;

Maybe you need to tell this guy there are no operating systems.

http://www.infiniteyieldforex.blogspot.com/


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40706You see most traders invest a lot of money and time to discover the holygrail system that guarantees nothing but gains it just takes one mistake and there goes all of the profit.

A system is exactly what I use for entrance along with a stoploss is what prevents me from loosing my account. The limitation nicely that is something that is left out until the market determines it for me. Basically you have to allow the trade run.

In the long run your system is what keeps you in for the genuine big moves! Hope that helps.

40706

Originally Posted by ;

A very simple coin toss in this game would give you 50:50 chances (price can finally just transfer two ways right??) .

Use a profitable system or egy and the likelihood clearly move into your favour, even if it's just 1%.

That is my sorta casino

Exits, exits, exits, you could earn money with a suitable exit strategy in spite of a disability of getting into the market together with the flip of a coin, heads you move short, and tales you move long. And you get back in the market after your exit strategy tells you to get out.

40706Hi HipsterPipster,

Can you provide some suggestions for good exit strategies for a trend following system? Including scale ins/outs? Thank you in advance.

40706

Originally Posted by ;

Hello HipsterPipster,

Can you provide some suggestions for good exit plans to get a trend following system? Including scale ins/outs? Thank you Ahead of Time.

Maybe Hips can answer you with definatives. TP @ This Support or That Res. Catch 50P or get Out on a touch of TL#5 When So, I'd be intersted to see it. But, for mepersonally, It is about staying in Tune. Had a tough time getting through this Price along the way Up, now it's quagmiring on the way down. Tells me we're in a Battle. Struggle Freely tells me something. Up AND Struggle Down Channel My buddy, That, is Opportunityisnowhere's First Sign!

Variations on a Trader's Aspect.

97595

Originally Posted by ;

Hi,

Can you give a few suggestions for good exit strategies for a trend following system? Including scale ins/outs? Thanks Ahead of Time.

There are infinate ways a individual can enter and exit. As your skill set is not known by me let me begin here.
Exits: A few ideas you can use would be to get out if price retraces Xpercent of the advance. Some folks use possibly a retrace amount, or 10%. Others are going to get out in major consolidations and price breaks in reverse of your entry. I would highly suggest reading Dr. Van K. Tharp's book Trade Your Way to Financial Freedom. He covers a lot of these things. Also, I found's article after yours. I would read a few times to that and try and understand what he is saying. Know what price moves mean, and what that tells you about how the market is reacting. Price action reflects the plogy and beliefs of those making the market. I hope that helps a few if it was not what you expected.

97595

Originally Posted by ;

Put the attached indior on USD/JPY 1H chart. When the indior states WEAK BUY all pairs. When the indior states STRONG SELL all pairs.

- When the overall orders profit is higher than your TP, shut all orders.
- When the overall orders profit is significantly less than your SL, shut all orders.

Trial this on a demo account for a week. Come back to me and say you cant make money from forex/currency trading.

Lotsize on all BUY's and SELL's needs to be equal and no more than 3 percent of your balance.

PS. Dont trade when there are news alarms...

Could you explain this indi and system better?
Thank you a lot.