- Last Online:
- Sep 7, 2018
- Using Local Time:
- Joined Forex Factory:
- Sep 2010
Input by Chanya
- Real Name:
- Subhan Waheed
- Trading From:
- Lahore, Punjab, Pakistan
- 31 years old
- Trading Involvement:
- Full-Time Trader
- Trading Since:
- September 2010
- Trading Style(s):
- Price Action
- Trading Philosophy:
- Trading is easy. Disciplining yourself is the most difficult thing in this world.
- Markets Traded:
- Preferred Broker:
- HFM (HotForex)
- Favorite Trading Book:
- Trading in the zone, by Mark Douglas
- June 2009 : I was searching something, random stuff on the internet, and I received an anonymous email saying "How to make $650 by tonight" ...
I clicked on the link and that was the first time that I came to know about forex ... I googled a little and I thought "By the end of this month , I will probably have enough money to afford my own car .... Yayyy". "It looks so easy... Even using simple MA crosses can make a lot of money. I don't have to do anything. Just watch the crosses and enter"
Jan 2010 : 7 months had past, 8 Demo accounts and 1 live account blown. All I did was that I opened up a chart and if the price was hitting the bottom of the screen, I bought and if it was at top , I sold. Such a stupid child I was.
I thought maybe I don't have the right indicator, something that is not present in the MT4... I started searching every website that had indicators upon it and downloaded all that I could.
By the end of the month, I had 2194 Indicators including the likes of MA'a such as TMA, HMA, GMA ETC, Murray math levels, Pivot point zones, Variations of MACD and what not .... I started spending 15 hours a day in front of computer trying to make a system out of them ...
Feb 2011: I made 19 systems ... Each based on hourly chart of EUR USD...
None was supposed to work anywhere other then this ... Each worked for a week or two and then crashed, taking a piece of my soul with it... 17th one worked for 2 weeks and I thought "AHAA" ... So I Opened a live account it... No surprise that within a week, my live account was gone too...
April 2012: I bought 4 supposedly holy grail indicators off the internet ... They are were supposed to give me 400-1000 pips a week ... I did the math and thought 4 x 1000, that's easy 4000 pips a week... I am rich... I combined them with 2 dozen other indicator , which in total provided me with 6 templates of 25 indicators which means 6 charts just for EUR USD Hourly analysis ...
December 2013: 18 hours each day, sweating, banging my head against table repeatedly, frustration, disappointment, expenditure on lame EA's, buying holy grail systems with fancy webinars and empty wallet , I finally heard two words some where... PRICE ACTION...
James16 chart thread was helpful learning tool. But at least for me, it was not the entire story. For those who lost their soul learning trading, one thing you must know is that nothing in market is random. Everything is controlled by banks.
Learn about the banks. Then learn about PA. That is all you need to know.
I am a live trader now. I am always here to help you learn.
Happy trading :)
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