Do full-time forex traders exist or is it just make believe?

There are profitable people that do this for a living, It can be done.

Here are a couple that use technical analysis, and even metatrader 4.. :)

www.forexfactory.com/gregwilson <-- he posts account statements.


I also invite anyone to have a look at ;

www.forexfactory.com/anup

He is a trader from India, he usually deposits 5-10,000 and turns it into 40-50gs projected target before withdrawing / rinse and repeat.

He only uses simple TA, pattern trading... (Sorry marketsufer)

He has not been on in a long time, He just lost interest in posting on forexfactory. But I recall him having other accounts starting in the 4-5,000$ range and taking it up to $15,000 - 20,000$ in a week or two..

I know there are alot more, I just dont frequent forums much myself lately to actualy notice.
 
Well, the last TA guy who promised a statement and a few live, before the fact calls never produced anything. This has been going on for years, TA claiming successes after successes but zero evidence provided--- what am i supposed to think?
More...

Perhaps the following: "part of the 95%" Just because a person claims use of a tool does not mean they will be successful using it.

Prop shops do not teach TA as a primary trading method-- every wonder why this is?
More...

Nope.

Maybe you will break the TA losing streak when challenged. make a few specific TA based calls and post a statement.
More...

I have never used anything beyond the chart infront of my eyes, there has been a generous 75 pip offering on the eur/usd today by simply noting which side of a line it happens to be on.

Great, I am happy to hear this. I have no idea about the other platforms
More...

I learned to trade with MT4 and then used it without substantial issue for some time, dealers are my enemy, well then they just get added to the list because I view every market participant in what ever shape or form as an enemy, at the end of the day they all want the same thing, my money, they each have different capabilities to do me damage and its not black and white, an action from one that hurt me yesterday could benefit me today, there are no freinds within the market and the only advantages you will ever have are the ones you create for your self.
 
Quote from marketsurfer:

Well, the last TA guy who promised a statement and a few live, before the fact calls never produced anything. This has been going on for years, TA claiming successes after successes but zero evidence provided--- what am i supposed to think?

FX dealers make money when you lose and these FX dealers heavily push TA as a trading method with free charts, educations,etc--- Prop shops do not teach TA as a primary trading method-- every wonder why this is?

Maybe you will break the TA losing streak when challenged. make a few specific TA based calls and post a statement. My contention is 95% of TA traders on elite don't even really trade. Its all make believe.

surf

PS--- jack hershey-- perhaps the king of all TA obsfuscation artists was also outed as a fraud---- where's the beef?
More...

I don't tweet and I am no TA guy, but I'll open a twitter account and post some delta1 fills in R/T. It will be 100% TA-based, swing-duration. 1:1 risk on stops and TP. After a month you can report back with an assessment.

I'll PM the account details.
 
Quote from atticus:

I don't tweet and I am no TA guy, but I'll open a twitter account and post some delta1 fills in R/T. It will be 100% TA-based, swing-duration. 1:1 risk on stops and TP. After a month you can report back with an assessment.

I'll PM the account details.
More...

Deal----- i had to turn off PM here due to getting hammered--- email me at marketsurferatgmaildotcom twitter @marketsurfer


surf
 
Quote from achilles28:

Xspurt,

Im really interested in how you trade. I think we approach the market from two totally different perspectives. I settled on trend-following ( pullback entries), but I suspect you're more a pin-point reversal guy, which is something I tried very hard, but never mastered. Those 2B's often were gobbled up by the trend on my screen, so i threw in the towel (can't beat them, join 'em..etc). If you have a blog or trading chat room, could i join?
More...

I began trading weekly swings close on 30 yrs back but realized I could get a better entry on the weekly if I could catch the set up on the daily. Then it was logical to improve on the daily but going to the 4 hr then the 2 hr and in time I found all time frames were much the same so I migrated to the 1 min.

It was after that that is began to focus on getting very tight entries on the 1 min or lower TF but then I was looking to catch the bigger swings when possible from that small entry. A 2B would be too slow for me on most occasions.

No blog, no chatroom and not looking publicity. CVD, Cornix , myself and a few others share a private room but we have been trading together for years and understand how to work together so we don't advertise it. Cornix has a blog and chatroom and I can recommend that. I hope that answers your Q's
 
Quote from Xspurt:

I began trading weekly swings close on 30 yrs back but realized I could get a better entry on the weekly if I
More...

Did I miss the statement page? Please post a link, I can't find it on the thread. thanks! surf
 
Quote from macattack:

If you insist............

1. How do you map out the day ahead as you mentioned?

2. What makes a setup a "strong" setup?

Averaging 40 pips a day doesn't sound too overwhelming until you take losing trades into account. If you start off the day with a couple bad trades & end up -30, then you have to make 70 pips to get back to the average.

That sounds a little tougher especially if you combine it with a normal trader's mental issues after taking a couple losses.

The rookie's strength must be in catching the bigger timeframe moves on a smaller timeframe chart. I find that tough to do for some reason, usually end up getting shaken out. I'm sure I'll figure it out any day now. :)
More...

1) Wow how do I give a concise answer to that? Mainly using multiple time frames with fluid moves on S&R with strong Bar & Candlestick reading. The MAP is using the monthly down to the 2 hr and then I use an Intraday GamePlan based on the 60m traders read. Finally I am looking to trade inside the gameplan around the 1 min. That way I am aware of when a 3 or 15min or 60 or 4 he swing is setting up and if it is related to the daily swing refversals.

2) I look for a vote on each signal to convince the jury of the inner man. It is always convergence of a number of factors such as pattern formations ,S&R, TL's, Bar/Candle signals, how the PA moved into the signal, energy, structure, momentum etc. and especially the time frame swing reversal points.

As I said mental issues are addressed by TA or TA is addressing mental issues. IF your TA is strong then mental issues are very small. If your TA has wide stops and a lower success rate then psychology becomes a bigger factor.

The rookie is very good at reading the bigger context and climbing on board for a run, but that can be a 15m swing. The 4 hr swing may only reverse once in the day so that is not what he is primed to focus on but when that reversal sets up then he will ride it.

Yes he's had a few days when he read the gameplan wrong and ended up -40 before he caught on and had to believe in himself to get back to positive territory. That was the case for the +11 day.
 
Quote from marketsurfer:

Did I miss the statement page? Please post a link, I can't find it on the thread. thanks! surf
More...

go back one page and I posted the there and mentioned your name
 
You must log in or register to reply here.
Back
Top