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PhiSquared2618

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Posts posted by PhiSquared2618

  1. What are you saying? Are you saying that the opinions of rookie traders with no experience carry equal weight to those who may trade for a living?

    Would you say the opinion of a tradesman's apprentice is as valuable as that of a journeyman with thirty years experience?.

    No I did not say anything like that. I did not make a comment on anybody else's experience or lack of it. That was you.

     

    "Everything matters"? What does that mean? I respond with, "Nothing matters". It is just as meaningless.

    It is an answer to the thread from the OP. It is in context and very clear.

    I said everything listed in the poll matters, and I said risk management is not listed, but it should be.

     

    It is not meaningless. My statement "Everything matters" is crystal clear. Any weak part of the trading process will compromise the other parts sooner rather than later.

  2. The points are all important, no weakness permitted, everything matters.

     

    About 80% successful:

    There are systems with a 10% success ratio but due to a very good profit:loss ratio they are profitable ....

    Another option not above: risk management. Good risk management is what allows you to make money with a system which has a win:lose ratio of less than 55% .

  3. Have been doing an extensive research on how to trade without stoplosses and still be very profitable. I mean letting your losses run and still come out profitable on the long run. The secret to making this work is simply by pairing only very strong currencies together or very weak currencies together....

     

    The research you have done Osaze: How much unoptimised data have you walked the system forward through?

     

    I would expect that weak vs weak (or strong vs strong) currency pairs would reduce volatility, with reduced movement in both directions up-down.

    But you seem to be saying that directional movement between the pair is selectively changed in favour of one currency over the other. This seems a difficult thing to achieve. Are you trading a directionally neutral system using pairs expected to cancel out each others moves?

  4. Hi Guys,

    Is there really any profitable forex trading system or strategy out there.. with at least 95% accuracy if not 100%.

    ... Fxprofits

     

    No there is no magic system.

    What you are looking for is a system with 5-20% profitability.

    Breakeven is a big achievement at first.

    That could be achieved with a system which wins one trade and loses 9 trades. (win:lose ratio 1:9) provided the wins are bigger than the losses, (profit:loss ratio 10:1) in this example.

  5. Eliott wave can easily tends to make you focus on reversals, and the money is not made there unless you have extremely fast exits from bad trades.

    It is like putting on a telescope to see into the future, when all you want is to use your eyes look at yesterday, least week, and now.

    When I traded elliott I found it difficult to stay in trades long enough, because there was always a reversal or ratio line coming up, to encourage taking profits and reducing or even exiting the trade.

    But until you figure out elliott wave, you don't really have a good enough understanding of support and resistance.

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