Real trading education

I thought it would be a good time to post up a few truly educational recordings and reading material. I don't have time to teach so please don't ask. I still trade and I still love markets but I learned my lesson in my previous thread. I have nothing to prove or sell as was the case before but I want to still contribute in some way. I won't promise to post here regularly. I will promise I will only post quality training here. Please if you post something on this thread make it count. Here is a good recording to start. This is one of the most informative I have heard lately. More to follow.

Thank you for sharing! I've been subscribed to that channel as well--plenty of great interviews. I'm looking forward to your posts here.

What a waste of time.
A truly BS video where two noobs are talking about trading.

Maybe you know that trader. I don't and I am not endorsing him. The concepts in the interview are what I wanted to get across to unprofitable traders.

1) You need an edge.
2) You need to give yourself time to learn.
3) You need to bet small until you know what you are doing.
4) Compounding is key.

Says the pro trader..

This is actually very interesting.

Greg Riba - whatta guy!

Trade Well

Another newbie.

Lol, isn't a bit too harsh. There must have been a motive why the video was posted/shared.

Please don’t mind! I see, basic trading instructions are available here and there! But advance level trading guidelines are very rare! This is way, here more than 90% Forex traders are unable to make regular money! And novice traders are losing their money even though, they are interested to learn Forex! But which traders have personal Forex trainer, they are really lucky!

the real trading education is really important for increasing our trading experience very rapidly , but the traders who are particularly newcomers before real trading have to focus on demo trading which contain all basic fundamental knowledge which really supportive to continue a live trading in a proper way.

My selection of basic trading literature

Trading Psychology books (very important):

Mark Douglas: The Disciplined Trader
Trading in the zone
Jack Schwager: Market Wizards

Money/Risk Management video/book (most important in trading!):


Ryan Jones: The Trading Game - Playing by the Numbers to Make Millions

Technical Analysis books:

John Murphy: Technical Analysis of the Financial Markets
Steve Nison: Japanese Candlestick Charting Techniques
Thomas N. Bulkowski: Getting Started in Chart Patterns

Good educational/trading sites:

http://www.babypips.com/school
http://www.tradeciety.com/trading-blog/
https://fanyang.whotrades.com
https://www.youtube.com/playlist?lis...evAmjBrTnCxYVg

Seneca Pilot

Your thread "Rambling of a forex junkie " is very impressive .
Are you still using those methods or have you changed your trading to some other strategy .

I just finished this trade and thought I would take a minute to explain the trade, the reasoning, and the process.

A few things first.
1. I have changed my daily open to the 5pm rollover.
2. I still use open, close, high, and low for most of my trading decisions.
3. I have refined my ideas and techniques over the past several years as I have matured as a trader.
4. I take far fewer trades and trade on much bigger size for shorter time periods.
5. I make use of tops and bottoms to scalp off fifteen to thirty pips depending on the market I am trading.

This trade just took profit within the past few minutes and the details are fresh in my mind so here are my thoughts.

The purple line is the rollover price. Daily open for my purposes.
The green line is where a top became a bottom. Note that the green line is above the daily open. I look long here.
Had price gone down I have a lower red line where a bottom could have become a top for a short trade below the daily open .

At 9pm eastern a large green candle printed forming a W and closing above the center high of the W formation. Price retraced to that high marked by the green line and I bought that support. The upper red line is a resistance formed by an old low. I have a one period moving average laid over price to make it much easier to see these points. That low had not been tested since it was formed so that was my target. This was a simple and quick 15 pip trade as I have put the children in bed and had a few minutes. Price is now retreating from the level where I took profit and it could have been a potential entry but I only buy above the daily open these days.

LOL. Adam Grimes.....CIO of Waverly Advisors and ex VP of Level Partners. Setting the bar for noobs pretty high aren't we? :-)

As far as I remember, you were only taking 2-3 trades per day, which isn’t very many. How are you taking even fewer now? Are you being more selective with your levels (e.g., only weekly levels instead of daily). I see you only buy if price is up on the day and sell if it’s down on the day. Are there other filters that allow you to be more selective?

Also, it looks like that trade was during Asia. Are you trading any/all sessions now? Did you find something to allow you a better sleep schedule?

I hope all is well.

All you need in day trading is to USE the 15M chart BUY when price is below the 20 Simple Moving Average WHEN stochastics are oversold and price is at lower bolinger band. Simple. Target the higher bolinger band and have a 10 pip stop loss.
Gauranteed to make a fortune.

Dont worry about fibonaccis and all the other crap just use sma and stochastic and BBs.

https://realtradinglog.blogspot.com/

Subs. thanks and
Regards