Hi...
first I want to thank to you all for your kind words
Mamood thanks for that insights about TA, I understand what you are saying and agree with you, i too use some MA's and TA tools but not for decision making but only for help, i'm just sometimes dissapointed that it is behaving like random walk and nobody can predict the movements(well maybe somebody can, but I can't)....we are recieving a lot of technical analysis and predictions from other banks, but for example 6 are bullish and 4 are bearish....so that's very personal, like TL's - lot of people draw then different....
so i'm asking why i can't be profitable with just that TA, PA and that things...I think that i'm doing it for enough time but i still can't make it( first i thought i'm profitable and it was maybe for first month of live, but then i was losing, then some winning, but still no consistent gains, now i'm in red figures )...a lot of people here are saying that they are doing it profitably(well most of them say that), but we all know statistics and i wonder how many of them are telling the truth ( well it may be some "ego thing" ), but it's because why i love fti's style...he is doing it completely different as others do....and he's so experienced that whatever method he shares it has to be good because it's 30 years of doing it ( yes i know it will take a lot of years while i will be able to do that almost like him )
and about that feeling and going with the flow trading as you mentioned...i will tell you about my trading for last two weeks....i was trading with style "i trade what i feel about the market" .... so when i saw sth good and i thought it could go south so i shorted - really not big science just my feelings....i wasn't using stoplosses i just closed it when my view changed( i wasn't dancing, adding, rescuing because i don't have experience with it yet, because i'm going very slow through the thread and trying to take everutyhing very carefully - it doesn't matter how long it will takes i'm just doing my homeworks)
First, i was doing pretty good, i didn't have a losing day for a week....BUT then I've made a really bad trade and it completely blown my all profits and it takes some bonuses from my account as well( i have a microaccount as a student so not big ammount) so i've closed my vacation from work in red figures just because one really bad trade .... it was short eurusd and it was the day when it broke 1.2900....it was reaching 1.2900 - well i was in pretty red in that moment but i was HOPING(argh lesson about man on the roof) that it will turn there down again...then it went above .2900 and i thought : well it's just SL hunting it will turn down at .2910-20 ... finally i've closed it at .2930 with big loss ( it would be much more if i waited more)
So i rather stopped the live trading for now and i will go back to demo trading and will be training fti's style....btw you guys are big inspiration for me...and i've seen some of your dancing statements Mamood and it's really IMPRESSIVe, i hope one day i will be as good too
PS: Gro I've sent you a PM about AOW
PS2: I just want to share my recent happines....In the beginning of October I'm going to London's Societe Generale and Deutche bank dealing rooms to do some meetings....i've heard that it's really big dealing rooms (i work in small one - only 7 dealers for whole bank)....but on the other side I'm little afraid of that....i've never been abroad alone and London is really big city, lol and i hope i won't get lost there
with regards. Mike
first I want to thank to you all for your kind words
Mamood thanks for that insights about TA, I understand what you are saying and agree with you, i too use some MA's and TA tools but not for decision making but only for help, i'm just sometimes dissapointed that it is behaving like random walk and nobody can predict the movements(well maybe somebody can, but I can't)....we are recieving a lot of technical analysis and predictions from other banks, but for example 6 are bullish and 4 are bearish....so that's very personal, like TL's - lot of people draw then different....
so i'm asking why i can't be profitable with just that TA, PA and that things...I think that i'm doing it for enough time but i still can't make it( first i thought i'm profitable and it was maybe for first month of live, but then i was losing, then some winning, but still no consistent gains, now i'm in red figures )...a lot of people here are saying that they are doing it profitably(well most of them say that), but we all know statistics and i wonder how many of them are telling the truth ( well it may be some "ego thing" ), but it's because why i love fti's style...he is doing it completely different as others do....and he's so experienced that whatever method he shares it has to be good because it's 30 years of doing it ( yes i know it will take a lot of years while i will be able to do that almost like him )
and about that feeling and going with the flow trading as you mentioned...i will tell you about my trading for last two weeks....i was trading with style "i trade what i feel about the market" .... so when i saw sth good and i thought it could go south so i shorted - really not big science just my feelings....i wasn't using stoplosses i just closed it when my view changed( i wasn't dancing, adding, rescuing because i don't have experience with it yet, because i'm going very slow through the thread and trying to take everutyhing very carefully - it doesn't matter how long it will takes i'm just doing my homeworks)
First, i was doing pretty good, i didn't have a losing day for a week....BUT then I've made a really bad trade and it completely blown my all profits and it takes some bonuses from my account as well( i have a microaccount as a student so not big ammount) so i've closed my vacation from work in red figures just because one really bad trade .... it was short eurusd and it was the day when it broke 1.2900....it was reaching 1.2900 - well i was in pretty red in that moment but i was HOPING(argh lesson about man on the roof) that it will turn there down again...then it went above .2900 and i thought : well it's just SL hunting it will turn down at .2910-20 ... finally i've closed it at .2930 with big loss ( it would be much more if i waited more)
So i rather stopped the live trading for now and i will go back to demo trading and will be training fti's style....btw you guys are big inspiration for me...and i've seen some of your dancing statements Mamood and it's really IMPRESSIVe, i hope one day i will be as good too
PS: Gro I've sent you a PM about AOW
PS2: I just want to share my recent happines....In the beginning of October I'm going to London's Societe Generale and Deutche bank dealing rooms to do some meetings....i've heard that it's really big dealing rooms (i work in small one - only 7 dealers for whole bank)....but on the other side I'm little afraid of that....i've never been abroad alone and London is really big city, lol and i hope i won't get lost there
with regards. Mike