How to improve the odds in trading

Donex posted:

johncarrus posted:

I'm not here to argue either and I truly Value everyones thoughts and opinions. Can you guys post your favorites accounts on myfxbook so i can take a look at them?


Those are great points.. as this (Theory) is just an experiment at this point. I do hear that swing trading is the way to go for big money. My main goal here is to be right 80% of the time.. which so far I am with 50 trades on my belt. I don't think that's luck because I screen my trades very closely. But again.. This is just a test :)

Also.. can you guys post your personal trading accounts? I would love to see how you guys are doing.. Thanks!

Hey JC

I don't think anyone in this thread is arguing or being belligerent, but rather as yourself just giving opinions.

I'm sure like everyone else, I wish you well and hope you achieve your quest. Unfortunately in FOREX, forward testing is governed by time. Would be nice to forward test a system for 1 year in 1 week, but the reality is that to forward test a system for 1 year, it actually takes 1 year and of course it also needs a fair sample size of volume.

Your results are great for a month, but it's just a month. Your trading strategy goes against all the mathematical probabilities so that is why I feel in the long run it will fail. But hey, I hope I'm wrong. I know you said you're filtering out the bad trades and taking only the good ones, but unless you have a reliable crystal ball then that will also eventually fail you. (Again, I hope I'm wrong)

There are plenty of people selling winning systems in roulette. Most of them work but only short term. In the long run, the mathematical edge cuts in and they will lose all their winnings and capital.

In my experience, you can't fight the maths, the maths will always win and conquer. Better to get the maths on your side rather than against you.

Again, I wish you well and I hope you prove me and the others wrong. I'll be the first to admit that I was wrong and congratulate you for doing the seemingly impossible. Good luck with it, and that's a genuine good luck.

You can view members systems by going to their profile, and if they have any public systems you'll be able to see them.

johncarrus posted:
Donex.. your trading looks great btw! Did you create an EA?

johncarrus posted:
Yah everyone is clinging to hope and lose their rationality. I've been a sucker myself and have learned my lessons. I blame my young age for my ignorance lol.

It's sad to see people lying constantly and selling crappy systems. I used to be in the business sector and had to leave it because i saw way too many scumbags pushing crappy products just to make a buck.

9% a week ? Thats like almost 900% a year with compounding. If I start with USD1000, I would have USD88,320 at the end of the year, and by the end of year 2, I'd have USD780mil. Where do I sign up ?

wlk1 posted:
I did sign up for an online course when I first began in 2010. I'm not sure if I'm allowed to name it here, but the site pops up on the first page if I google 'learn to trade forex'. He teaches how to trade price action with nothing more than candle patterns with support and resistance. I have to admit that it is not a complete waste of time/money. If you really didn't know a thing about trading forex, and needed a primer it would have been a decent place to start.

He had some pretty good ideas, strategy and tips. I did it for a few weeks/months and I was breaking even. In hindsight, the system that he was teaching may actually have been profitable in the long run. Its a pity his training materials were not very well presented or organized, and I gave up.

I would't consider myself a sucker, but I did pay money to learn. :)

9% a week ? Thats like almost 900% a year with compounding. If I start with USD1000, I would have USD88,320 at the end of the year, and by the end of year 2, I'd have USD780mil. Where do I sign up ?

wlk1 posted:
I did sign up for an online course when I first began in 2010. I'm not sure if I'm allowed to name it here, but the site pops up on the first page if I google 'learn to trade forex'. He teaches how to trade price action with nothing more than candle patterns with support and resistance. I have to admit that it is not a complete waste of time/money. If you really didn't know a thing about trading forex, and needed a primer it would have been a decent place to start.

He had some pretty good ideas, strategy and tips. I did it for a few weeks/months and I was breaking even. In hindsight, the system that he was teaching may actually have been profitable in the long run. Its a pity his training materials were not very well presented or organized, and I gave up.

I would't consider myself a sucker, but I did pay money to learn. :)