Thread: Honest answers please! Are you successful trading on Forex or not?

Originally Posted by ;

For example I've backtested the following systems:
1) Rob Booker 5/13/62 EMA pullback
2) Other different pullback egies
3) The famous Vegas tunnel
4) And about 20 other programs, 4-8h a day - all waste of time, wish I'd do anything smarter with my time
...

I think the 5/13/62 EMA pullback startegy works in the event that you omit the pullback! Just get in if all EMAs cross. .

Craig,

Yah, I have never back-tested that myself. Thought it would make a filtre. Great to know that it does not work though. Thanks!

Out of interest, what kind of money management are you currently using on this? . . .and how far back did you test it?

Launched 2 percent on each trade, with 10K. Information from 2004 to present (used the Alpari M1 information ).

Originally Posted by ;

LOL, it is so funny to see this material on FF forums and everywhere, then visiting sites of tudors such as Rob Booker and people falsely believe all this crap about systems/methods/money administration. Ohh, don't forgot that the subject, heheh.

Wake for an actual job! Duh! There is no such thing as a system and then you say it is all about discipline and money management as you don't wish to admit that.

Well, go ahead and show me one egy using a money management that makes positive outcomes over a long period of period and anybody may have 100% correct discipline and commerce the machine - but the problem is, there's isn't a single one...

Mike W: And here is the reply to your query:
- No I will never become a successfull trader, but for sure will no1 else who's chasing those stupid EMA's, RSI's, Stochastics, ADX - they're all junk.

I take this man has been banned for stating something the website owners/admins dont like. Dont worry guys we won't stop visiting this forum.
The man was being honest and realistic. From his experience he hasn't seen that a profitable system over extended term. How many in this forum have?

Do not give up your day job, learn to trade in your free time.
Dont make learning to trade take over your life, because the chances are you won't make it in trading.

17 months at work and minorly.

Lose, but that's only after I threw all of the crap out.

We've got loser and winner in every business such as Forex.if you can not win doesn't imply other can not. Concentrate on your own system and learn as much as you can.you will be success in 1 day.same as sport athlete, if you practice hard everyday,you'll become the man to beat!!

It's amazing just how much of specialized analysis boils down to plogy, no matter what system is utilized.

enables see what markers d.cook has to say with this one...

Originally Posted by ;

lets see what markers d.cook must say with this one...

My mentor agrees with this. He had a lucky win followed by five decades of losses while he exercised his system that is fairly straightforward. He's been trading for over 25 decades now.