The Forex Portfolio - How to Gain Consistent Profits by Staying in the Market 24/7 - Page 2
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  1. #11
    Sounds interesting, I tried to start a conversation about risk management on another forum (non fx trading) but no one was interested so I've subscribed looking forward to seeing things from a different angle .

    Cheers,
    Tave

  2. #12
    Join Date
    Feb 2012
    Location
    North Carolina - USA
    Posts
    19
    First -- Thanks for your time -- I can tell it will be valuable to us. I look forward to following with great anticipation.

  3. #13
    Join Date
    Jan 2013
    Posts
    2
    Thanks,We are waiting....

  4. #14
    Remove your indicators.

    Get rid of your news feed.

    Turn off CSPAN.

    Stop hoping.

    Stop assuming.

    Stop praying.

    Just stop.

    You will never be able to predict market movement accurately. Ever.

    Your indicator. Your news feed. The talking heads on TV. All they do is give you a reason to think you are educated about the decisions you make. It is false confidence and it doesn’t work for the mass majority of retail traders.

    Price is never oversold or overbought. It simply cannot be. It is just price.

    The Non-Farm Payroll Report didn’t help you any bit this month than it did the last, regardless of your results. You were simply gambling.

    When price touched the 100 EMA, did you make a decision simply based on that because price is somehow supposed to react to it every time?

    Or maybe it was because you used a combination of the two, or even more methods of analysis to render a decision on a single trade.

    Stop it. You’re complicating this.

    While you spent 20 minutes figuring out a trade for one pair, I was monitoring 25 pairs and making decisions on them in the same time span.

    There is only price. And price moves. Price moves because there are buyers and there are sellers. That’s it. We don’t move price. We shouldn’t care who moves price. We just want them to keep doing what they are doing so that price keeps moving. The more it moves, the more opportunity we have to step into the market, dip our cups in the stream of money, and step back and soak in the rewards of our efforts.

    Forex is simple. It is not easy. But it is simple.

    It is you that is complicated. So stop it.
    Last edited by mastergunner99; 01-25-2013 at 12:02 PM.

  5. #15
    Join Date
    Sep 2012
    Location
    Prescott, AZ USA
    Posts
    76

    Default All Stop!

    Agree with all this on an intuitive level. "All stop, captain!" Awaiting your subsequent directions ... (and thank you for doing this MasterGunner).

  6. #16
    Join Date
    Aug 2011
    Location
    London
    Posts
    356
    I am very curious about where you're going with this. I'm looking forward to a completely different view on money managment and position sizing

    Btw, have you done all the math and statstics on this yourself or have you read it somewhere else, any recommended reading materiall to learn to setup a portfolio?

    Thanks for sharing!

  7. #17
    Quote Originally Posted by Richard87 View Post
    I am very curious about where you're going with this. I'm looking forward to a completely different view on money managment and position sizing

    Btw, have you done all the math and statstics on this yourself or have you read it somewhere else, any recommended reading materiall to learn to setup a portfolio?

    Thanks for sharing!
    There's no specific one source that I've obtained my methodology from. I've never read or seen anything out there that relates to the way I trade currency. It has been a half decade evolved byproduct stemming from my existing knowledge of financial markets, human psychology, and my relative experience trading Forex.

  8. #18
    Join Date
    Aug 2011
    Location
    London
    Posts
    356
    Okay, thanks, then I'll wait for your explanations

  9. #19
    Join Date
    Aug 2012
    Location
    Nigeria
    Posts
    129
    Well said!!
    Quote Originally Posted by mastergunner99 View Post
    remove your indicators.

    Get rid of your news feed.

    Turn off cspan.

    Stop hoping.

    Stop assuming.

    Stop praying.

    Just stop.

    You will never be able to predict market movement accurately. Ever.

    Your indicator. Your news feed. The talking heads on tv. All they do is give you a reason to think you are educated about the decisions you make. It is false confidence and it doesn’t work for the mass majority of retail traders.

    Price is never oversold or overbought. It simply cannot be. It is just price.

    The non-farm payroll report didn’t help you any bit this month than it did the last, regardless of your results. You were simply gambling.

    When price touched the 100 ema, did you make a decision simply based on that because price is somehow supposed to react to it every time?

    Or maybe it was because you used a combination of the two, or even more methods of analysis to render a decision on a single trade.

    Stop it. You’re complicating this.

    While you spent 20 minutes figuring out a trade for one pair, i was monitoring 25 pairs and making decisions on them in the same time span.

    There is only price. And price moves. Price moves because there are buyers and there are sellers. That’s it. We don’t move price. We shouldn’t care who moves price. We just want them to keep doing what they are doing so that price keeps moving. The more it moves, the more opportunity we have to step into the market, dip our cups in the stream of money, and step back and soak in the rewards of our efforts.

    Forex is simple. It is not easy. But it is simple.

    It is you that is complicated. So stop it.

  10. #20
    Join Date
    Nov 2012
    Location
    Victoria, Canada
    Posts
    11
    Well, whether your methodology is good, bad or ugly, that was a hell of a post! )
    I am very interested in what is to come and only time will tell if you are sensei....or just senseless ;-)
    Lead on!

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