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Attachments: The Trader's Academy - by Traders for Traders
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The Trader's Academy - by Traders for Traders

Quoting Trader-Waldo
professionals can move price, amateurs cannot.

Be gentle with this username "ruma29".
Quoting Piquant
{quote} I'd like to know what you think of these charts ? Where would you make an entry ? The top is 4h, the middle 1h and the bottom is 15m where I'm looking to make an entry (long), {image} {image} {image}
well I guess we're coming closer to an entry point ?

15m
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-12-18 at 14.59.09.png Size: 56 KB
...
Guys do you think downtrends are much more faster, stronger and shortlived than an uptrend?? whatever your opinion could you state your reasons too??(( i know this question sounds a lot stupid ,but just had to ask))
Quoting shoen123
Guys do you think downtrends are much more faster, stronger and shortlived than an uptrend?? whatever your opinion could you state your reasons too??(( i know this question sounds a lot stupid ,but just had to ask))
in currencies not really, because any down is up for other currency. in indices, shares .... it is true, because people want to save their won money (and most trade only in buy direction because of many reasons) and so the downtrend increase and goes faster down... until enough buy again . often the bigger sell starts with a problematic news, and this news are often much bigger then the positive news and so more important.

by the way : the words long and short are this names because you need "long" time for going up and "short" time for going down.
Wishing all followers of this thread a great Xmas and all the best for 2018.

I wonder how 2017 has been for you? Has this been the year you cracked it, moving from endless frustration into consistent profitability? If so, then fantastic. Or has this year not quite worked out as you were hoping it might? Either way, the great thing about trading and the markets is that they will be there doing what they always do next year and beyond. The opportunities for making money are there day after day, and we just have to first recognize them and then latch onto them as they present themselves, over and over again, without too much regard as to what happens afterwards. My own biggest stumbling block as I struggled along the way, and one I still fall prey to, was my tendency to look for reasons not to take a trade rather than reasons why I should. This was partly due to my multi-time frame strategy which can give contradictory information, and partly due to my over cautious nature, as I tend to be a perfectionist, a trait which can be less than helpful for trading.

The reason I am telling you this is because we all have personality traits which hold us back from becoming successful traders, some will be a bit like myself, whilst others will be a bit reckless and impatient in their approach. The end result is the same though - frustration, and a dwindling trading account. What we have to do is recognize where we are going wrong, and change, because if we don't, then everything will stay the same and success will continue to elude us. With me it was a fundamental decision - change, be the person I knew I needed to be to make money in this business, or quit. It was hard, really hard, and I had to wrench myself out of my comfort zone and accept, completely accept, that trading dishes out a lot of short term pain for long term gain. Once you reach the point where you really don't give a damn about the next trade, and the next and the next, then, provided you really do have an edge which you trust, you have most likely made it in this game.

2018 can be a truly fantastic year, as long as we all do what we need to do to make it so, whether it be continue learning about the markets, or improve upon some other aspect of trading.

See you in the New Year, and have a good one, wherever you are in the world!!
Quoting cat
Wishing all followers of this thread a great Xmas and all the best for 2018. I wonder how 2017 has been for you? Has this been the year you cracked it, moving from endless frustration into consistent profitability? If so, then fantastic. Or has this year not quite worked out as you were hoping it might? Either way, the great thing about trading and the markets is that they will be there doing what they always do next year and beyond. The opportunities for making money are there day after day, and we just have to first recognize them and then latch...
let's publish live stats cat, you switched from momentum to fibo c**p.

you don't want to be a great master and a bad trader right lol
Quoting cat
Once you reach the point where you really don't give a damn about the next trade, and the next and the next, then, provided you really do have an edge which you trust, you have most likely made it in this game.
Hi cat,
A lot of truth there. It's powerful human nature to focus on the immediate next outcome rather than focus on the bigger, long haul picture. But trading is inherently a probabilities, not certainties, game so long term success (and emotional stability!) very much depend on taking trades in a disciplined and consistent 'rinse & repeat' fashion, and not really worrying about whether the next trade is going to be a loser - assuming you are genuinely confident about your edge, of course!

Naturally, all of it is much easier said than done but trading in modest size, i.e. only risking a tiny % of your account per trade, helps a lot here. As a modest digression, I do believe this is a core reason why traders with very small accounts are almost doomed to fail - they have to risk too much per trade if it is to be at all financially meaningful. I think adequate capitalisation is one of the least appreciated elements of successful trading.
Quoting HeyYou
{quote} let's publish live stats cat, you switched from momentum to fibo c**p. you don't want to be a great master and a bad trader right lol
Live stats...fibo c**p whatever that is. You're on the wrong thread. I'm not selling anything, so take it or leave it. If you think I am full of shit, then that's absolutely fine by me, because I'm not here to impress but to make money and pass on some of what I've learnt to those who may be interested. If you think that I need to prove myself, sure, if I was selling something, that is exactly what I would do, but as this is really just an open journal, you are going to be disappointed, so really there's nothing here for you on this thread.
Quoting cat
multi-time frame strategy which can give contradictory information, and partly due to my over cautious nature, as I tend to be a perfectionist
I would say to a trader, only use multi-time frame analysis once you've learned to trade a single timeframe.

Perfectionism can be the enemy of learning, however, it's a good trait to have when one is equipped with a toolbox of signal types because it helps with the waiting.
Quoting simond2002
{quote} I would say to a trader, only use multi-time frame analysis once you've learned to trade a single timeframe. Perfectionism can be the enemy of learning, however, it's a good trait to have when one is equipped with a toolbox of signal types because it helps with the waiting.
Yes, I would agree in that it is best to learn how to trade a single time frame first. From there, I believe one can improve, as MTFs can aid ones overall technical expertise if used correctly, but one has to learn which ones to pay attention to on any given day because they do give conflicting information, and it can be a lengthy process before one works out how to use them so that they compliment one another.

So for example I'm looking at my Dax charts right now which I've been trading today, and my 15m tf had an important 100 moving average below the price before the drop which could on another day under another situation have given me a support level, but it depends where this particular MA is on the next highest tf, which was above the price, so one goes with the higher tf and forgets about the MA on the lower. Same thing on the 30tf, the 50MA is in a supporting position, but it is overriden by the H1 tf , which has the 50 above. The really important support levels then will be with the big MAs below, so the 100 & 200 ema/sma, which combined with fibs and pivot points, wil give you a pretty good idea where the main S&R are most likely to be. So on this morning's Dax, for me the most likely support level once the price broke down was the H1 100 or 200sma, with S1 right on top of the 100sma. It broke through both of these, but stopped on the 61.8% just below before it turned quickly and shot straight back up again, a pretty random move that one I have to say.

So the bigger TFS can give you the main potential S&R levels, the medium ones ( for me medium is 10m-30m ) can give you the likely direction and an approximate entry zone, and the smaller ones, which for me are the 3m down to 20 seconds, can help with the actual entry itself. Once one has puzzled all this out, then using MTS can be hugely beneficial.
Quoting cat
{quote} Live stats...fibo c**p whatever that is. You're on the wrong thread. I'm not selling anything, so take it or leave it. If you think I am full of shit, then that's absolutely fine by me, because I'm not here to impress but to make money and pass on some of what I've learnt to those who may be interested. If you think that I need to prove myself, sure, if I was selling something, that is exactly what I would do, but as this is really just an open journal, you are going to be disappointed, so really there's nothing here for you on this thread....
you're not full of s**t, but I see you RADICALLY change strategy every month... from anticipating momentum, to trading momentum with pullback.. picking tops and bottoms and now the fibs!!

it's hard to take you seriously, unless you prove yourself!

of course you will always have a bunch of blind followers, but I'm not going to take you seriously anymore... and I don't care if you don't care, just wanted to say it.
Quoting HeyYou
{quote} you're not full of s**t, but I see you RADICALLY change strategy every month... from anticipating momentum, to trading momentum with pullback.. picking tops and bottoms and now the fibs!!
I don't think you've read his thread from start to finish.

Since the inception of this thread (it's been 2 years) he hasn't changed a thing. I was first introduced to this thread 2 years ago, and he'd been trading tops, bottoms, pullbacks fibs everything from as far back as I know. It's been a great learning source for me, and without it I wouldn't have made much of a progress as with many participants I presume. So please no trolls, no insults and no hate. This is a classroom benefited and continue to benefit many.
...
Quoting HeyYou
{quote} you're not full of s**t, but I see you RADICALLY change strategy every month... from anticipating momentum, to trading momentum with pullback.. picking tops and bottoms and now the fibs!! it's hard to take you seriously, unless you prove yourself! of course you will always have a bunch of blind followers, but I'm not going to take you seriously anymore... and I don't care if you don't care, just wanted to say it. don't get hurt like a little b**ch, you're a disciplined man lol
WHAT are you talking about? I've never given or advocated any single definitive strategy, and have always stressed the importance of being able to understand a range of factors in any trading decision. If you've spent how ever long it is following my posts with the hope that you would get one, then you've been wasting your time. Neither do I appreciate the language you use towards me, completely without provocation, and all because I have not given you what you wanted. I now have the pleasure of banning you from all my threads.
Quoting cat
{quote} WHAT are you talking about? I've never given or advocated any single definitive strategy, and have always stressed the importance of being able to understand a range of factors in any trading decision. If you've spent how ever long it is following my posts with the hope that you would get one, then you've been wasting your time. Neither do I appreciate the language you use towards me, completely without provocation, and all because I have not given you what you wanted. I now have the pleasure of banning you from all my threads.
Hi Cat
Throw pivots on your charts and you'll get that Ahha moment.Just do it and watch price and what it does at 61-100
regards
Attached File(s)
File Type: ex4 Davits Pivot V3.ex4   39 KB | 643 downloads
In trading, you have to be defensive and aggressive at the same time
For the benefit of those who are as confused about HeyYou's last post as I am, he seems to be equally confused about the content and nature of this entire thread, believing somehow that one cannot talk about different trading setups and indicators without it constituting as he put it, a ' radical ' change in strategy that he can no longer trust or believe. If he knew anything about trading, he would of course know that throughout the trading day/week, there are a multitude of different setups which require a great deal of flexibility if one is to trade them, so there will be tops and bottoms one needs to identify, momentum trades etc, and no one trade is ever the same as the last. This is why I talk about a ' convergence ' of indicators which for me usually have to come together before I take a trade, so for trading a rollover following a pullback, with momentum on your side, one has to know where to get into that trade and one also has to know if it is likely to run below of above the previous low or high, and approximately by how much. S&R can be a fib level, a pivot point, a moving average, a trend line, or a combination of some or all of these.

I apologize to all those who are reading this and thinking to themselves ' well, he is stating the obvious ', as this is something at this stage of the thread that I would not have bothered writing, but due to HeyYou's obvious confusion, I thought I would at least try to clear this up.

As I have always stressed, I welcome discussion and a wide range of views here, this thread would be nothing without them, but I will not tolerate the kind of verbal abuse that individual used, so placing him onto my ignore list was all I could do. Objective, polite discussion has always been a feature on this thread I'm happy to say, and long may it continue.
Quoting Davit
{quote} Hi Cat Throw pivots on your charts and you'll get that Ahha moment.Just do it and watch price and what it does at 61-100 regards {file}
I'm a big pivot man Davit, but thanks for the info
Quoting cat
{quote} I'm a big pivot man Davit, but thanks for the info
I spent some time reading your thread.Very interesting and like you I no longer worry about my trades.Its just probabilities.Nobody is certain of the outcome beforehand hence the very trade you don't take might be the biggest winner.
Right now I basically take all correct signals according to my system rules.
Do what works for you! Everyone is an individual
In trading, you have to be defensive and aggressive at the same time
Quoting cat
As I have always stressed, I welcome discussion and a wide range of views here, this thread would be nothing without them, but I will not tolerate the kind of verbal abuse that individual used, so placing him onto my ignore list was all I could do. Objective, polite discussion has always been a feature on this thread I'm happy to say, and long may it continue.
Unfortunately this sort of behaviour is prevalent on most threads. Especially from people who consider themselves experts/professionals.
It will prevent most people from even starting a thread for fear of such abuse. The FF moderators should be weeding them out for such abusive
language with suspensions or revoking their membership. Unfortunately, FF only offers the OP the ignore feature.

Whether I agree with someones' trading strategy or not, it should be a place to offer encouragement or advice respectfully.
The Only Limit, is the One that you Set Yourself - Felix Baumgartner
Quoting HeyYou
{quote} you're not full of s**t, but I see you RADICALLY change strategy every month... from anticipating momentum, to trading momentum with pullback.. picking tops and bottoms and now the fibs!! it's hard to take you seriously, unless you prove yourself! of course you will always have a bunch of blind followers, but I'm not going to take you seriously anymore... and I don't care if you don't care, just wanted to say it.
yes you are very smart, congrats man! I too think he has to prove himself!.. because I too dont believe he is a real cat..!
Quoting Shabs19
The FF moderators should be weeding them out for such abusive language with suspensions or revoking their membership.
Nah, it's a just a hissy fit. Funny really. Pointless wasting too much time on it.

Where I believe FF and its moderators do need to take a very serious look and make some changes is on the commercial section. The amount of people who've ripped others' stuff from here for free and then repackaged it into courses they're now flogging (some people charging ten thousand euro) is staggering. What on earth happened to reciprocity? I'm not against charging for any services in life, however, the method of exploiting a free and open community base is disgraceful. I think FF needs to put commercial members behind a paywall. What are you thoughts?
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