Doms

Re: What kind of system are you using?

I've found my own unique way of trading. I use trend lines, supports and resistances and one more indicator combination

which is very powerful (I found that combo by myself, only clues on net). Most people post on this forum systems that should earn you 50+ pips

per day and enable you to make more than 10 trades per day (ironically, it seems that you don't even need experience

at all to trade with them, system does everything for you).

Actually, most people don't find them profitable at all. If those holy grail systems don't seem to be profitable, why don't you

try those systems that need a lot of work but at the end you will earn, not as much as people claim here, but you will earn.

Those who really earn on forex have no time to be on forums trying systems because they know their system works

They spend their time enjoying their life, not finding ways to earn more pips, they simply use larger lots.

95% people in forex lose... then... why is it so easy to find profitable systems on net as people who post systems here claim (ask yourself why do you lose)?

Be creative = )

Re: What kind of system are you using?

Price and Volume are the Best indicators, then add support and resistance and finally some trendlines

Amen \m/

Well.... you can check volume only with bollinger. Many people were searching for better volume indicator

but such indicator doesn't exist because forex isn't centralized...

Manual analysis and trading isn't that hard as most people here think. You just need a lot of experience.

After 6-7 months of using technical analysis and basic indis, you'll never ever look back on custom systems. 8-)

Re: Windows 7 and Metatrader 4

One more confirmation = )

Works perfectly

Re: Metatrader 5 Available

Doesn't seem any better than MT4.

Maybe it looks better than MT4 but no difference on indicators as far as I've seen :-??

Not really a big progress but wth....

Re: What kind of system are you using?

@mandreke: How long has it been since you added new indicator in your system?

I've been changing my system every 1-2 weeks until I've given up and returned to basic indis.

Re: What kind of system are you using?

After my 6 months at this forum i also found out that basic indicators really are the best.

It's not like we're smarter that traders which work 5+ years. They all use simple indicators as

pivot lines, fibo, trend lines, bollinger etc.

If you're still trying out more custom indicators, then you aren't even on

1/4 of the way to become long term successful.

Custom systems work depending on market conditions.

Basic systems work in any market condition but they need a lot of practice.

I consider custom systems "shortcuts" which lead nowhere at the end.

Re: I NEED HELP WITH FIBONACCI

Please, people.... don't post fibo indicators.

It's not like you're retarded and can't draw fibo yourself.

You need an hour to learn how to do that and few weeks to train it.

Drawing fibo yourself is 100x more accurate that any fibo indicator.

I've talked to some traders that work for few years now (successfully) about their trading systems.

All of them said me the same thing.... First, you try to find best custom system

and at the end you get back to basic indicators. I've also returned to that as they said.

My opinion is that you can't become successful trader over night by just

finding great custom system, for that you need at least a year working with the same system.

Custom systems work one time and other time they just don't.

This is my conclusion:

"Large" traders use basic indicators (especially Fibonacci) and they move the market.

You just need to see market trough their eyes (use same trading analysis) and play by the rules.

Re: Scalping...is this a waste of time or can you....

I discovered that scalping is the best way of trading for me.

I just follow indicators and that's it.... I started to work real few weeks ago and I lost about 40%

of account before I started to scalp. I'm still not good at deep analyzing so I'll stick to it for now.

Re: You may hate me for telling you this

I think that I'm the luckiest guy because i have friends that make mistakes instead me.

I am not able to work real due to my low age and I work only on demo.... mostly observing behavior of my indis.

I have friend which lost his whole account because his crappy MM. We use almost the same systems so I can compare my and his working.

He's now 2 years in forex business and I'm now 9 months. I know English pretty well, but he doesn't know sh*t so I progressed much faster \m/

Learn on your friends mistakes, not yours 8-)

Re: I have a dilemma :)

I was developing my system for 7-8 months and now i finally realized trading trough simple technical analysis

is much better. I don't know English perfectly and I don't understand news and announcements, so I'll take care of

fundamental analysis later. I think that TA is enough alone.

In my experience the best thing you can do in tech analysis is to use chart patterns

double/multiple tops and bottoms. Use this chart patterns combined with drawing support and

resistance lines (previous highs and lows) and you will get a 80-90% winning chance.

The first time that I used this strategy i earned 96 pips in one trade (M15 graph, the trade lasted less than an hour).

It's pretty simple and very profitable. I hope this will help.

Re: Black King

I tried first version and found some great indicators to use on my system.

And I agree that v2.0 has nothing to do with v1.0, it is completely different...

Re: How Long You've Been in Business?

8 months of practice and developing system....

Now starting to work for real. I hope I'll be able to handle it before having brain stroke...

Re: Money Management Tips

One of better things that you can do if you have 2-3 losing trades in a row...

Lower the size of lots. If you start winning, return it to original lot size.

Re: Black King

Can any1 tell me is ForexTrend repainting?

I know many similar indicators and all of them are repainting so I don't see why would this be exception.

Please if any1 tested it I would be glad to hear that.

Btw. arrows and Heiken Ashi are one of the best indicators I've ever seen.

Ty sooooo much for that.

Re: How many pips you gain per day?

I voted 10-50 but it actually depends on market condition.

I have system that one day earns 0 and one day I actually earned about 225pips \m/

btw. great topic

Re: Are You Femme Traders?

I really haven't seen any fem trader.... I know one that tried if it counts :D

but quit in few weeks X_X

Re: The 5 Phases of a Forex Trader

Great article :-bd

I can recognize myself in those stages and I think I progressed really quick because this forum

and few people which helped me. I had no "teacher" and I learned on my own just with sheer will.

I had noone to argue and thank god I haven't been stubborn.

I'm very young. I still live under my parents and they are limiting me in working in forex.

That's kinda an advantage because even when I thought that I'm ready for real I could only

continue practicing on demo and that really helped me cause I had no chance for loosing money.

I had a system with 7-8 custom indicators which changed every week or day.

Now there are only 2 custom indicators that are actually great and the rest are basic indicators

which are necessary because they are never repainting.

Gladly I can say now that I finished my system but I can't say that I'm done.

Now I must practice fx psychology and it's true that by the time the same system doesn't stay the same,

it gets better.

I've finished my system in about 6 months which is really quick but it's all because this forum (it had about 10 stages). \m/

Hoping to start real soon :geek:

Re: FXopen A SCAM!!! traders do NOT go with them!

My friend gave me proofs that fxOpen Is scam.

They're making spikes that doesn't exist. I'll post proofs later.

He compared 2 graphs from different brokers.

Re: OAN4X Manual Trading System

I don't leave my trades open while I'm somewhere else. That's how I work without stoploss and takeprofit.

I'm now only working on scalping so my trades don't last long and i see on my indicators when trend changed

and i automatically close trade.

p@55 for that link is @#$*(*&+)# (just look few pages back)

Re: OAN4X Manual Trading System

Here's indoinvest cycle indentifier and a lot of other useful indicators.

Originally from pyrax

hxxp://sharebee.com/0230eb75

Re: OAN4X Manual Trading System

I use Gravity center, ArrZZx2, Center of gravity, Belkhayate timing, Indoinvest Cycle Indentifier and those signs 1,2 and 3.

That is the most of my system and you can download it here. I think that everybody should have Gravity center in his/her system.

That indicator is just too good. Try to avoid news. Even the best system can lose a lot when news are active.

Re: OAN4X Manual Trading System

I use most of these indicators and I made my system out of it.

I worked only 5 days (demo T_T) in a row and with very limited time (3h max.)

In first 2 days i was working on H4 and H1 graph, but later I found it way better on scalping.

Here is my history:

http://img189.imageshack.us/img189/3461/capturerlp.jpg

http://img46.imageshack.us/img46/1219/capture2b.jpg

What do you guys think? Well, it could be better if I had more time....

P.S. Sorry if pics are too large

Re: OAN4X Manual Trading System

oan4x basic indicator with lots of these lines is crap. Try using Gravity Center.

Its 100 times better and more accurate than this crap. My friend borrowed me

few bucks to start working real and I lost everything. If i used Gravity center I

would still be working real on forex. :cry:

I would say that it is 90% accurate.

I removed oan4x system main indikator from my sistem.

@pyrax

Look at your ss. Try to imagine that that pair goes 150 pips more down.