How to make money out of forex

[Trembling Hand]

Going Long 1 Pip plus spread above high of Up Bar... Profit Target 15 Pips. Stop Loss 20 Pips.

Fab if you get just 3 losses you need 4 winners just to breakeven!

That means a 57% win rate just to get BE. No wonder the dude needs to sell a system.

Mate that's not the way to trade in my most humblest opinion.

 

[Trembling Hand]

Re: Attitude

lol

To be a profitable tader, it lasts 3 to 5 years. You should learn too much in this while but as long as it goes your focus from finding a holy grail turns to emotion control and money management. I wish there was some professional traders in this forum to approve me

Not to mention english teachers.

 

[MRC & Co]

fap, let me get this straight. Your stop is larger than your target?

What is your win rate with this system?

BentRod explained this to me before nomore: many of these EA systems, have stops larger than their profit targets.

This way, it generates strings of winning days and gets people sucked into the original hype of it.

Eventually, we all know what is likely to happen, unfortunately.

FelixProfound, very profound. You should really write a book with all this golden information, it could go next to the rest of the trading books at Borders and enlighten all the general public on why it was, they found it so hard to make money out of the markets........

 

[nomore4s]

BentRod explained this to me before nomore: many of these EA systems, have stops larger than their profit targets.

This way, it generates strings of winning days and gets people sucked into the original hype of it.

Eventually, we all know what is likely to happen, unfortunately.

Ah, I understand now.

 

[Felix Profound]

Attitude

Just as last thing about attitude and emotion control:

If anytime in this forum or anywhere else, someone tantalizing to introduce or sell a very profitable trading systems, don't pay for that. Or don't think if you learn it completely you will make money afterwards (I suppose that is a profitable trading system)

because

when you start trading real money you see there is somebody else in your shoes who click the mouse and make instant decisions.

It last 3 to 5 years to be a profitable trader and there is no guarantee to be profitable at last.

Emotion control is very very important. It is not something that I have found out. This is what makes our profits most difficult easy money one ever earned.

 

[fapturbo]

Unlikely to get a fill now...

Bollinger Bands turning down and moving average starting to turn down.

Will wait for next set up.

 

[fapturbo]

Getting set up for a short position... Bands down.. moving average turning down, bar must close as a down bar.

 

[nunthewiser]

Re: Attitude

To be a profitable tader, it lasts 3 to 5 years. You should learn too much in this while but as long as it goes your focus from finding a holy grail turns to emotion control and money management. I wish there was some professional traders in this forum to approve me getting rid of newbie stuff

i want learn how to be proffesional trader too , please ignore these newbies and emotional posters here and continue with words of greatness
on trading controllably

 

[fapturbo]

About to get a fill on a short by the looks..

 

[fapturbo]

Two Positions Short.

One with TP limit the other with Fixed Stop 20 Points

 

[MS+Tradesim]

Re: Attitude

I wish there was some professional traders in this forum to approve me getting rid of newbie stuff

There are plenty of professional traders here. They're waiting for you to say something that ADDS VALUE, not just copy-pastes from www.blackboxbigdollars.com.




(**Nb:Link not genuine.)

 

[fapturbo]

One Position Hit TP Limit of 15 Pips. Second Position currently running... will move stop to Break Even to reduce Risk.

If current bar closes as a down bar will move stop to top of the bar.

 

[nunthewiser]

target of 15 pips but stoploss of 20 . i dont get the maths here ??? i do hope felix returns to help he may know why such a small target compared to stop point

 

[fapturbo]

target of 15 pips but stoploss of 20 . i dont get the maths here ??? i do hope felix returns to help he may know why such a small target compared to stop point

Because 15Min TF

Second Position Stopped at Break Even. 15 Pips on First Position.

 

[Stormin_Norman]

Re: Attitude

i want learn how to be proffesional trader too , please ignore these newbies and emotional posters here and continue with words of greatness
on trading controllably

don't encourage him.

FAP, u should open a separate thread to discuss your trading system, so it doesnt get mixed up with mr profound's profoundness.

 

[nunthewiser]

Re: Attitude

don't encourage him.

FAP, u should open a separate thread to discuss your trading system, so it doesnt get mixed up with mr profound's profoundness.

LOL wondered when someone was gunna say something

felix isnt using the thread for much else other than text book regurgitation so it may as well be used for something

 

[>Apocalypto<]

I would say Felix and FAPturbo are the same person or working together....

one telling us all the requirements to be a great trader with members thinking i don't have that so I will get the EA off FAP......

personally if you're here to sell anything on the sly F#@K off,.... and peddle your snake oil somewhere else.

 

[fapturbo]

Re: Attitude

don't encourage him.

FAP, u should open a separate thread to discuss your trading system, so it doesnt get mixed up with mr profound's profoundness.

I'll read whatever he posts.

Thread title is how to make money out of forex.. Might as well put charts here to demonstrate how the system works...

Not my system either....

 

[fapturbo]

I would say Felix and FAPturbo are the same person or working together....

one telling us all the requirements to be a great trader with members thinking i don't have that so I will get the EA off FAP......

personally if you're here to sell anything on the sly F#@K off,.... and peddle your snake oil somewhere else.

Get over yourself mate I'm not selling anything

 

[nunthewiser]

I would say Felix and FAPturbo are the same person or working together....

one telling us all the requirements to be a great trader with members thinking i don't have that so I will get the EA off FAP......

personally if you're here to sell anything on the sly F#@K off,.... and peddle your snake oil somewhere else.

LOL well if fap turbo selling a sytem that is promoting higher losses than perceived gain targets , i think he will go broke tryin to sellem .

im merely a observer in the forex / futures world BUT in the worlds i do trade using a stoploss greater than your targets just dont make financial sense ............ i may be wrong and its different in your guys ponds u play in