The reason for making this thread is simple: I learned from the teachings and gold nuggets from experienced traders in this forum, especially FTI, Crucialpoint, and jet trader. There is plenty of resource here in the forum, one just needs to look for it.
in the end it is not one true methodology, that gives you the golden goose, or the holy grail. Trading just like religion, is a philosophy, and there is truly not ONE TRUE GOD ( do not argue about this, i do not care, about your faith) but your faith on that god, and your perception of the world that makes your reality.
many different people have found ways to adapt to the market.
THE GREAT SECRET of the markets is: that there is no secret at all. many debates have been raised in the fact that the market is random or not random. I can prove to you that the market is UNPREDICTABLE but not RANDOM. In the end, the market has direction (bull, bear, ranging) but the next tick or wave one truly cannot predict. I know about the closing price for tomorrow of the fiber,loonie, aussie,suissie, or cable the same thing George Soros knows. NOTHING
although you might argue he has more resources than I do and more information gathering capabilities, which is all true. The market cannot be manipulated easily. there are regulators, FEDS, CB's, and there is a structure, of interbank, corporations etc... you see forex is a conglomeration of different interests, and not all are for profit.
when you deal with humans, one can observe the behavior and draw likely scenarios as to which action or tendencies a humans as a species have. but with more than 6 billion (i believe) humans, if you tell me. a mathematical formula or indicator, fibo line or what not can tell you with precision how the next person that walks in the door will react to a particular situation. i say b/s, probabilities yes, predictions no.
Technical analysis, CAN be profitable. indicators and lines CAN be profitable if you UNDERSTAND THEM AND USE THEM TO MEASURE the market to calculate YOUR OWN PROBABILITIES.
not just in possible outcomes, but in possible actions that YOU WILL TAKE, as a result of the possible outcomes.
unfortunately I cannot teach you how to trade, because only PRAXIS, can truly do that. Many people act as if they discovered some secret knowledge, and only a certain elite traders know this. B/S and I would really like to have discussion here with any such B/Ser.
What it truly comes down to is recognition of order prevalence and market sentiment. having a well thought out, money management plan that outlines
1 your threshold
2 your risk parameters
3 your VAR
and a well planned account growth target,and a buffer, not a get rich, make it big scheme, because EVERY reasonable trader here has found out, that REWARD correlates to RISK. one cannot use R:R in the conventional sense, as one never truly knows the REWARD part of the equation. ONE CAN ALWAYS control the RISK part. therefore i dare say that >the RISK the greater the potential reward, and the GREATER the reward the GREATER the risk taken.
it's a 1:1 ratio, i can see the argument of higher probability trade entrance, and it is true with experience and PRAXIS one finds a particular market condition that best suits us, however i maintain the position that the market is UNPREDICTABLE however NOT RANDOM.
once I or any trader enters the trade there is only two possible outcomes profit or loss. price will either move up or down, WHAT WE DO with this situation is what makes you profitable.
now because I AM SIMPLY TIRED of always coming into discussion and trying to teach people (i should not give a rats ass as to people's trading, you lose , i take your trade, i make a profit. However because i have taken so much from FF i want to contribute). I am not uncovering any new ideas, or anything that is not already common sense to the experience traders. but if i can help some one that is about to get it. then that is fine by me.
so i will no longer go replying and trying to set everyone straight, i will outline here how I PERSONALLY TRADE, and HOW I VIEW THE MARKET.
take it or leave it, argue or not, believe me or not.
here i will teach you MY WAY OF COPING WITH THE UNPREDICTABLY OF THE MARKET.
in the end it is not one true methodology, that gives you the golden goose, or the holy grail. Trading just like religion, is a philosophy, and there is truly not ONE TRUE GOD ( do not argue about this, i do not care, about your faith) but your faith on that god, and your perception of the world that makes your reality.
many different people have found ways to adapt to the market.
THE GREAT SECRET of the markets is: that there is no secret at all. many debates have been raised in the fact that the market is random or not random. I can prove to you that the market is UNPREDICTABLE but not RANDOM. In the end, the market has direction (bull, bear, ranging) but the next tick or wave one truly cannot predict. I know about the closing price for tomorrow of the fiber,loonie, aussie,suissie, or cable the same thing George Soros knows. NOTHING
although you might argue he has more resources than I do and more information gathering capabilities, which is all true. The market cannot be manipulated easily. there are regulators, FEDS, CB's, and there is a structure, of interbank, corporations etc... you see forex is a conglomeration of different interests, and not all are for profit.
when you deal with humans, one can observe the behavior and draw likely scenarios as to which action or tendencies a humans as a species have. but with more than 6 billion (i believe) humans, if you tell me. a mathematical formula or indicator, fibo line or what not can tell you with precision how the next person that walks in the door will react to a particular situation. i say b/s, probabilities yes, predictions no.
Technical analysis, CAN be profitable. indicators and lines CAN be profitable if you UNDERSTAND THEM AND USE THEM TO MEASURE the market to calculate YOUR OWN PROBABILITIES.
not just in possible outcomes, but in possible actions that YOU WILL TAKE, as a result of the possible outcomes.
unfortunately I cannot teach you how to trade, because only PRAXIS, can truly do that. Many people act as if they discovered some secret knowledge, and only a certain elite traders know this. B/S and I would really like to have discussion here with any such B/Ser.
What it truly comes down to is recognition of order prevalence and market sentiment. having a well thought out, money management plan that outlines
1 your threshold
2 your risk parameters
3 your VAR
and a well planned account growth target,and a buffer, not a get rich, make it big scheme, because EVERY reasonable trader here has found out, that REWARD correlates to RISK. one cannot use R:R in the conventional sense, as one never truly knows the REWARD part of the equation. ONE CAN ALWAYS control the RISK part. therefore i dare say that >the RISK the greater the potential reward, and the GREATER the reward the GREATER the risk taken.
it's a 1:1 ratio, i can see the argument of higher probability trade entrance, and it is true with experience and PRAXIS one finds a particular market condition that best suits us, however i maintain the position that the market is UNPREDICTABLE however NOT RANDOM.
once I or any trader enters the trade there is only two possible outcomes profit or loss. price will either move up or down, WHAT WE DO with this situation is what makes you profitable.
now because I AM SIMPLY TIRED of always coming into discussion and trying to teach people (i should not give a rats ass as to people's trading, you lose , i take your trade, i make a profit. However because i have taken so much from FF i want to contribute). I am not uncovering any new ideas, or anything that is not already common sense to the experience traders. but if i can help some one that is about to get it. then that is fine by me.
so i will no longer go replying and trying to set everyone straight, i will outline here how I PERSONALLY TRADE, and HOW I VIEW THE MARKET.
take it or leave it, argue or not, believe me or not.
here i will teach you MY WAY OF COPING WITH THE UNPREDICTABLY OF THE MARKET.
AVT INVENIAM VIAM AVT FACIAM