Can YOU make money as a trader? | Page 13 | Crypto Craft

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Can YOU make money as a trader?

  • #242
  • Edited 5:37am Feb 13, 2018 5:20am | Edited 5:37am
Trade 1 was stopped out with -5 pips last night, but re-entered this morning, too. Also trading the EC this morning.
Edit: I have moved my stop on the EN to +5, and will now ignore this pair for a while, as my TA have fallen apart on this pair. I will add trades to the EC, where my stop is a B/E, and will also be focused on $Y, G$, E$, AJ, and EA, at least for the next few hours, and will try to update the list later this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: EN.gif Size: 31 KB
  • #243
  • Feb 13, 2018 6:24am Feb 13, 2018 6:24am
Here is the EC chart, as it hits first target.
Attached Image (click to enlarge)
Click to Enlarge Name: EC.gif Size: 30 KB
  • #244
  • Feb 13, 2018 7:43am Feb 13, 2018 7:43am
Quoting nealpek
I still maintain that it is possible although certainly not easy and by no means for everyones character build and psychological profile...
I just recently returned to forex factory after going my own way for a while. I miss the camaraderie here. I am really impressed with what Nealpek has to say and share. I don't know Nealpek, other than reading some of his posts on this forum, but for you guys with an open mind and honestly asking if you can do this, Nealpek is certainly a good person to listen to.

I want to follow up on the character build and psychological profile Nealpek mentioned here. I think this is very understated when learning to trade. Those who can trade, most likely just naturally have this profile. It is one of risk:reward, bigger picture, and self confidence. I honestly think most people do not come by this character naturally. But I do think most anyone can work with their brain to adapt to this character build. Try googling/youtubing "self hypnosis" and practice what the experts have to offer. They have done wonders for me outside of trading and also with trading.
  • #245
  • Feb 13, 2018 8:01am Feb 13, 2018 8:01am
Quoting GEfx
Here is the EC chart, as it hits first target. {image}
I removed the G$ from the list, and have trades open on the EA and the AJ. The EN is back on my list, with caution. The EC trade is still going but retracing. Keep trading people.
  • #248
  • Edited 10:31am Feb 13, 2018 8:40am | Edited 10:31am
I used to post this stuff on my trading journal here on FF. I shared some of my trading thoughts just to demonstrate the actual FF environment. I am up +60 pips on my EC, EA, and EN trades, and +25 on the AJ. I'll trade for a bit longer before going for a run and then a trip to Starbucks. I think the lack of discussion or participation or followup on this thread, the one about making money in the forex, speaks volumes.
  • #249
  • Feb 13, 2018 8:46am Feb 13, 2018 8:46am
Here are the other 2 charts for anyone paying attention:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ.gif Size: 30 KB
Click to Enlarge Name: ea.gif Size: 30 KB
  • #250
  • Feb 13, 2018 9:01am Feb 13, 2018 9:01am
Quoting GEfx
I used to post this stuff on my trading journal here on FF. I shared some of my trading thoughts just to demonstrate the actual FF environment. I am up +60 pips on my EC, EA, and EN trades, and +25 on the EJ. I'll trade for a bit longer before going for a run and then a trip to Starbucks. I think the lack of discussion or participation or followup on this thread, the one about making money in the forex, speaks volumes.
You're right! My posts are a byproduct of simply waiting to take a trade, or waiting for a trade to play out. But in all honesty, not sure why I actually bother to post any trades when I can just blah blah about philosophical nonsense and how life is just a multidimensional hypervolume of resource axis partitioning based on the nomenclature that genetic sequencing lends itself to the involuntary participation in a mirrored universe completely removed and devoid of all encompassing tendencies towards bilateral projection of space through the continuum of self replication and holistic yet predatory reservations! Yawn.....

Maybe one day, someone out there will actually start a thread called. "Post your trades, let's talk about them intelligently, and give relevant feedback to help all who participate!" And at the first hint of penis fighting, the bigger penis is expelled from the thread, along with any predatory mind benders. Just traders getting together to share and discuss their trades, their reasons, concerns, mistakes.......

Wouldn't that be interesting....
  • #251
  • Feb 13, 2018 9:10am Feb 13, 2018 9:10am
Quoting nealpek
{quote} You're right! My posts are a byproduct of simply waiting to take a trade, or waiting for a trade to play out. But in all honesty, not sure why I actually bother to post any trades when I can just blah blah about philosophical nonsense and how life is just a multidimensional hypervolume of resource axis partitioning based on the nomenclature that genetic sequencing lends itself to the involuntary participation in a mirrored universe completely removed and devoid of all encompassing tendencies towards bilateral projection of space through...
LOL...very funny comments. And yes, it would be interesting, but I have to say that posting is a distraction to actual trading. I can't make contemporaneous post with my trades, and the lag is a drag for anyone really watching. But the concepts are the same for every trade. Good trading to you.
  • #252
  • Feb 13, 2018 9:12am Feb 13, 2018 9:12am
OK, last post on today's trades: I am removing 2/3's of each trade and leaving the remaining 1/3 on, with all stops moved to protect 10 pips. I'll be back later to see if I can use the remaining trades to build a position. Good trading everyone, or good discussion of suicide or what ever!
  • #253
  • Feb 13, 2018 9:32am Feb 13, 2018 9:32am
Quoting nealpek
{quote} You're right! My posts are a byproduct of simply waiting to take a trade, or waiting for a trade to play out. But in all honesty, not sure why I actually bother to post any trades when I can just blah blah about philosophical nonsense and how life is just a multidimensional hypervolume of resource axis partitioning based on the nomenclature that genetic sequencing lends itself to the involuntary participation in a mirrored universe completely removed and devoid of all encompassing tendencies towards bilateral projection of space through...
A long time ago, in another forum, there was a trader who had the uncanny ability of picking tops and bottoms. But in reverse. When he started to post his "hedging" trades, I knew he was cornered and would fade his trade. It got so profitable that when he posted his original trade I would fade that trade as well, which was usually a long GBPJPY because at the time it had the best rollover rates and his strategy was to collect rollover or "the carry trade".

After a while, I would just wait for him to post, no charts no Bloomberg or CNBC. Just wait for his posts and fade them.

Now look at this batch in here, the ones who are arguing. Some are not traders just here to post their opinion why someone else is wrong. But others, occasionally will post some golden nuggets, if you are willing to take the time to "clock" them. Even though a blind squirrel find a nut every now and then, this is a strategy that has a 90% to 95% win rate.
Ecclesiastes 1:9
  • #254
  • Feb 13, 2018 10:03am Feb 13, 2018 10:03am
Quoting GEfx
{quote} I adjusted my stop when my broker's spread expanded to over 20 pips during the afternoon. I'm still in this trade and still looking to add trades to build a position. Stop is now 12 pips behind my enrty. Are we still talking about making money? What the hell is the discussion about donations?
IMO, 20 pips too much for spread, even for bitcoin. I suggest staying out of the exotic pairs unless it's your home country or you are running a business there. 20 pips is a lot to overcome. And if that's your broker spread on common pair like EURUSD, change brokers.
Ecclesiastes 1:9
  • #255
  • Feb 13, 2018 10:19am Feb 13, 2018 10:19am
When I joined this Forum a few days ago, I immediatly got the impression that the majority of members think very negative towards Daytrading & Forex market.
Dont get me wrong I am an absolute Rookie, and have very little experience in Trading, but I am 100% sure that I will be able to make a living out of it ( sure enough that I have sold a very good Business that kept me green for the past 10 years...)
I believe that the Mindset is THE MOST IMPORTANT factor in this Business and having Said that I can imagine why 90% of People who start with Trading stop it After a few setbacks.
It May Sound very spiritual and weird what Im Saying but that is the truth...Your thoughts create your reality ! It is a Universal law which cannot be changed, just like gravity.
But you have the Power to change Your mind and thoughts.
So like I Said, if you have the Right mindset and Feed your mind with positive thoughts ( in this case become a profitable trader ) sooner or later you will attract the Right trades, tools and people who will help you achieve your goals ( If you follow through with enough persistence, work and Thoughs ).
The human Brain is a Transmitter which can achieve Great Things if it is in the right frequency.
  • #256
  • Feb 13, 2018 10:25am Feb 13, 2018 10:25am
Quoting newbegger
{quote} IMO, 20 pips too much for spread, even for bitcoin. I suggest staying out of the exotic pairs unless it's your home country or you are running a business there. 20 pips is a lot to overcome. And if that's your broker spread on common pair like EURUSD, change brokers.
The broker is Forex.com, and the current spread is 6 pips, maybe expands to 7. The spread to 20 occurs late in the afternoon, and is something you have to account for if you trade exotics. I trade them because: 1.I don't care about the spread because my targets that are greater than a hundred pips away from entry; 2.They move fast when they move; 3.Their ATR is very big, so daily expectations are big, too. Good trading!
  • #259
  • Feb 13, 2018 12:33pm Feb 13, 2018 12:33pm
Quoting MrMarbella
When I joined this Forum a few days ago, I immediatly got the impression that the majority of members think very negative towards Daytrading & Forex market. Dont get me wrong I am an absolute Rookie, and have very little experience in Trading, but I am 100% sure that I will be able to make a living out of it ( sure enough that I have sold a very good Business that kept me green for the past 10 years...) I believe that the Mindset is THE MOST IMPORTANT factor in this Business and having Said that I can imagine why 90% of People who start with Trading...
Good luck; eventually sizing and slippage work against you. You're trying to take money out of the broker's pocket and they aren't very fond of our shenanigans... And when a black swan comes along -RIP- to liquidity. Your account is the liquidity.
"The fun is in the hunt. Not the kill."
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