- Joined Mar 2012 | Status: Trader | 12,126 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- Joined Feb 2012 | Status: Member | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
The Secret to Success and profitable trading - What is it? 431 replies
Trade management... The secret to success 27 replies
The Big Dog Trading Secret 272 replies
most simple method to achieve big success 34 replies
DislikedThe big secret to trading success is secret. Otherwise it wouldn't be a secret.Ignored
DislikedTrading picked up for me once I understood the concept of what price really is, which is the combination of all the market participants choices. Of course there's more money in "big players" so you will have to think like one which isn't easy of course. But knowing that steered me in the right direction. You have to think why price is going to a certain point and turning or continuing. Do you think big traders are using these fancy coded indicators? Probably not. I'm assuming it's very simple Support/Resistance, clearly defined S/R lines that leave...Ignored
DislikedTrading picked up for me once I understood the concept of what price really is, which is the combination of all the market participants choices. Of course there's more money in "big players" so you will have to think like one which isn't easy of course. But knowing that steered me in the right direction. You have to think why price is going to a certain point and turning or continuing. Do you think big traders are using these fancy coded indicators? Probably not. I'm assuming it's very simple Support/Resistance, clearly defined S/R lines that leave...Ignored
DislikedTrading picked up for me once I understood the concept of what price really is, which is the combination of all the market participants choices. Of course there's more money in "big players" so you will have to think like one which isn't easy of course. But knowing that steered me in the right direction. You have to think why price is going to a certain point and turning or continuing. Do you think big traders are using these fancy coded indicators? Probably not. I'm assuming it's very simple Support/Resistance, clearly defined S/R lines that leave...Ignored
DislikedDo you think big traders are using these fancy coded indicators? Probably not. I'm assuming it's very simple Support/Resistance, clearly defined S/R lines that leave no ambiguity that it is a Support and Resistance. I assume their charts are very clear.Ignored
DislikedIn business, supply/demand is measured by sample size. In its simplest terms, it is how many products did I make? How many products did I sell? You can complicate it if your product is seasonal. In Forex, this equates to the market direction, buy/sell. Comparing the costs of producing your product against the profit made from sales determines the price of your product. If consumers will not pay the price, then you must reduce the costs of production. In Forex, this equates to your risk. A business collects data over a period of time and develops...Ignored
Disliked{quote} {image} No. No. Yes. Daily charts. Weekly high and low. Weekly pivots. Trade at the extremes with price. Nothing fancy.Ignored
DislikedWith that little bit of gardening done, here it is , the secret to trading success, and you guessed it, it's trading with the trend in your favour. No secret right? But how many people actually do it? More to the point, how many people actually know how to do it? Very few. The reason - because it's far easier to try and pick a top or a bottom, or counter-trend trade, than it is to wait patiently for a pullback, identify the point at which the price is about to rejoin the overall momentum, and pull the trigger....Ignored
Disliked{quote} after 9 years this is what you are discovering... Better have deep account for DD because you will be tossed around in corrections or get stopped out repeatedly.I am just baffled all the crap is being shared here as wisdom. Where is the trend chart below? Are you whiling to accumulate 200pip DD? Considering forex is 70%ranging saying your success depends on 30% trend probability is not an EDGE more like recipe for disaster. Good luckIgnored
Disliked{quote} after 9 years this is what you are discovering... Better have deep account for DD because you will be tossed around in corrections or get stopped out repeatedly.I am just baffled all the crap is being shared here as wisdom. Where is the trend chart below? Are you whiling to accumulate 200pip DD? Considering forex is 70%ranging saying your success depends on 30% trend probability is not an EDGE more like recipe for disaster. Good luck {image}Ignored
Disliked{quote} after 9 years this is what you are discovering... Better have deep account for DD because you will be tossed around in corrections or get stopped out repeatedly.I am just baffled all the crap is being shared here as wisdom. Where is the trend chart below? Are you whiling to accumulate 200pip DD? Considering forex is 70%ranging saying your success depends on 30% trend probability is not an EDGE more like recipe for disaster. Good luck {image}Ignored
Disliked{quote} after 9 years this is what you are discovering... Better have deep account for DD because you will be tossed around in corrections or get stopped out repeatedly.I am just baffled all the crap is being shared here as wisdom. Where is the trend chart below? Are you whiling to accumulate 200pip DD? Considering forex is 70%ranging saying your success depends on 30% trend probability is not an EDGE more like recipe for disaster. Good luck {image}Ignored