It's been a while since i have created a thread,but as time has passed upon in my trading life,i feel,that forums are not a best place for traders to give away knowledge,in fact learn more and more.
Neither am i well immersed trader in the trading world,nor am i a beat up trader who can't rack in a consistent profit,i am still finding a balance of emotions with in my body and soul to get to that crucial point where i can be a one man trading machine.
Over my learning phase,i cam across various trading strategies,but after all those years spent (lol 2 years) in trading forex,i just come to a conclusion that,there are just a set of simple things that can make up a great trader.
When i was sitting back on my chair at night,i figured what is it that is so simple and common about this market that i had never ever seen,so i sat there burning my eyes trying to visualize the most simplest trading secret i had yet to see.
It took a bit of frying for my eyes before i came to conclusion,that one thing that never deserts a trader is a trend,and of-course his usual wisdom gained over the years.
What S/R ,what indicators,i think all these are just minor tools in a traders hand,on which one trader can rely upon, like a mere knife and rope as for any person in forest,but what the most important thing for a person in a forest is,its food and water.Am i right or not.
So my food and water in analogy,to use to compare to a trader,is for comparing the food and water to a trend,because thats one thing which is the energy source of all strategies,cauz trend my dear friend is momentum and momentum my dear is working indis and working PA or S/R.
Now i'm not some smarty pants,neither do i think have i found out a bigger secret,that no one has ever told me before,but the most f---g fact is it took me all this while to figure this shit out.
You know,i would have had my share of wisdom long ago,if i only have known what i know now,so i don't have anything to feel sorry about at this point,cauz all was for good of me,that i had to learn what i learn't to come to this stage in life of trading where i know,what really matters.
lol,i dont mean to say that i have lost years of my life,but 2 years is a lot of time to get to a conclusion,right.
well had it been 2 years ago,when i first trading at 19 i would have been better off.
Now all those traders reading this thread,you may be scratching your heads(not the real pros),lol,that what the hell am i talking about,you know i'm just talking about the greatest thing i have learn't,in trading,which is trend.
As Mr Patridge says in Reminiscences of a Stock Operator:
Catch those words
"You see its a bull trend."
For all those poor sods,who havn't yet read "Reminiscences of a Stock Operator" go google it up. okay.
Or i should just mention it right here, what he said.
So,Mr Patridge buys a stock on advice of a trader,who may be good enough to select a stock which is gonna go up,but does not have Mr Patridge's share of wisdom.
So when stock goes up,he says to Patidge,go take your profit and enter at retrace,but Patridge says,if i do that,"i would loose my position".
And then he says to whoever talks to him ,like a thing like this:
"You see its a bull trend"
Get it all of you,Mr Patridge knew that trend was the only thing in his favor,why not ride it ,huh,.
You never know when retrace will be,but if your sitting in a bull run right from the bottom,you are one lucky (SoB),sorry not a personal comment.
So when i say i'm no smarty pants,you better read on,cauz my dear forum buddies especially well versed buddies,i need your help in figuring out something which i need to find out in this thread.
In Short:
"Ohh dear traders,who have wisdom of trading ,please bless this thread,with some of your wisdom,so i and other traders can learn something from you."
Now getting to real part,for which i came here:
To tell you the truth,i don't have much time,even though i am relatively new to forex,cauz i gotta work too right.
So what to say about good traders,will they have time to come and tell me something here.
Hope so,cauz i am requesting a single piece of your wisdom.
Which can help me or anyone who reaches a crucial point to realise that two big weapons in traders hand are:
Trend
And Money Management.
So lets cut the chatter: here it is.
I plan to make this thread a library for the "trend",for which which of course i need your help ie,help of good traders and trend traders.
I want to ask these questions,from you.
What is a trend according to you(the Pro)?
How many types are there?
How do you figure it out?
How do you ride it?
How do you Manage your ride?
And Most important of all:
The Biggest question:
How do i know,if i can,by any means,what is going to be trend tommorrow?
ie how to know bull or bear just for day to come.
As silly this last question is,but it has a biggest nugget in it.
More on that nugget later,after i figure out,the answer to finding it out?
I assure,you,this thread about trend could be a big thing,if i pull it off,using my wisdom,and of course ,wisdom of Good traders.
So signing off ,for now?
See you all on bright side of tunnel,cauz i expect at least some wisdom from you,by the time i post again.
Regards
Taz
Please Read the Rules:
1.You may post in this thread,only if you be a good guest.
2.Try to be precise about your version of trend,and always remember"KISS".
Which is "Keep it Strong and Simple"
3.Try to avoid posting indicators,telling you about trend.
Cuaz i am more interested in knowing fundamental reason if any for bull or bear intraday run.
Or
Techincal Analysis reasoning for bull or bear intraday run.
Or
Orderflow reason of bull or bear run.
And absolutely not an indi telling me,trend has strated,cauz i dont wanna know train left,i wanna know the ticket number,either to south or to north.
4.If you want to post indicators,do so,but keep in moderation.
Neither am i well immersed trader in the trading world,nor am i a beat up trader who can't rack in a consistent profit,i am still finding a balance of emotions with in my body and soul to get to that crucial point where i can be a one man trading machine.
Over my learning phase,i cam across various trading strategies,but after all those years spent (lol 2 years) in trading forex,i just come to a conclusion that,there are just a set of simple things that can make up a great trader.
When i was sitting back on my chair at night,i figured what is it that is so simple and common about this market that i had never ever seen,so i sat there burning my eyes trying to visualize the most simplest trading secret i had yet to see.
It took a bit of frying for my eyes before i came to conclusion,that one thing that never deserts a trader is a trend,and of-course his usual wisdom gained over the years.
What S/R ,what indicators,i think all these are just minor tools in a traders hand,on which one trader can rely upon, like a mere knife and rope as for any person in forest,but what the most important thing for a person in a forest is,its food and water.Am i right or not.
So my food and water in analogy,to use to compare to a trader,is for comparing the food and water to a trend,because thats one thing which is the energy source of all strategies,cauz trend my dear friend is momentum and momentum my dear is working indis and working PA or S/R.
Now i'm not some smarty pants,neither do i think have i found out a bigger secret,that no one has ever told me before,but the most f---g fact is it took me all this while to figure this shit out.
You know,i would have had my share of wisdom long ago,if i only have known what i know now,so i don't have anything to feel sorry about at this point,cauz all was for good of me,that i had to learn what i learn't to come to this stage in life of trading where i know,what really matters.
lol,i dont mean to say that i have lost years of my life,but 2 years is a lot of time to get to a conclusion,right.
well had it been 2 years ago,when i first trading at 19 i would have been better off.
Now all those traders reading this thread,you may be scratching your heads(not the real pros),lol,that what the hell am i talking about,you know i'm just talking about the greatest thing i have learn't,in trading,which is trend.
As Mr Patridge says in Reminiscences of a Stock Operator:
Catch those words
"You see its a bull trend."
For all those poor sods,who havn't yet read "Reminiscences of a Stock Operator" go google it up. okay.
Or i should just mention it right here, what he said.
So,Mr Patridge buys a stock on advice of a trader,who may be good enough to select a stock which is gonna go up,but does not have Mr Patridge's share of wisdom.
So when stock goes up,he says to Patidge,go take your profit and enter at retrace,but Patridge says,if i do that,"i would loose my position".
And then he says to whoever talks to him ,like a thing like this:
"You see its a bull trend"
Get it all of you,Mr Patridge knew that trend was the only thing in his favor,why not ride it ,huh,.
You never know when retrace will be,but if your sitting in a bull run right from the bottom,you are one lucky (SoB),sorry not a personal comment.
So when i say i'm no smarty pants,you better read on,cauz my dear forum buddies especially well versed buddies,i need your help in figuring out something which i need to find out in this thread.
In Short:
"Ohh dear traders,who have wisdom of trading ,please bless this thread,with some of your wisdom,so i and other traders can learn something from you."
Now getting to real part,for which i came here:
To tell you the truth,i don't have much time,even though i am relatively new to forex,cauz i gotta work too right.
So what to say about good traders,will they have time to come and tell me something here.
Hope so,cauz i am requesting a single piece of your wisdom.
Which can help me or anyone who reaches a crucial point to realise that two big weapons in traders hand are:
Trend
And Money Management.
So lets cut the chatter: here it is.
I plan to make this thread a library for the "trend",for which which of course i need your help ie,help of good traders and trend traders.
I want to ask these questions,from you.
What is a trend according to you(the Pro)?
How many types are there?
How do you figure it out?
How do you ride it?
How do you Manage your ride?
And Most important of all:
The Biggest question:
How do i know,if i can,by any means,what is going to be trend tommorrow?
ie how to know bull or bear just for day to come.
As silly this last question is,but it has a biggest nugget in it.
More on that nugget later,after i figure out,the answer to finding it out?
I assure,you,this thread about trend could be a big thing,if i pull it off,using my wisdom,and of course ,wisdom of Good traders.
So signing off ,for now?
See you all on bright side of tunnel,cauz i expect at least some wisdom from you,by the time i post again.
Regards
Taz
Please Read the Rules:
1.You may post in this thread,only if you be a good guest.
2.Try to be precise about your version of trend,and always remember"KISS".
Which is "Keep it Strong and Simple"
3.Try to avoid posting indicators,telling you about trend.
Cuaz i am more interested in knowing fundamental reason if any for bull or bear intraday run.
Or
Techincal Analysis reasoning for bull or bear intraday run.
Or
Orderflow reason of bull or bear run.
And absolutely not an indi telling me,trend has strated,cauz i dont wanna know train left,i wanna know the ticket number,either to south or to north.
4.If you want to post indicators,do so,but keep in moderation.