Italians Trade It Better

Hy everybody.

I've never had the opportunity to introduce myself, so i'm doing it now.

I'm an italian trader who's been studying trading for 2 years, with some good results. I used to trade Dow and Nasdaq futures in early experiences, but in last years I've switched to Forex.

I'd like to share my ideas with other people to discuss and improve them, it would be great to meet some other trader who is building his success day by day, or has already reached it.

I love this job, and i'm gonna make a ton of money.

I'm sure there are many other people working for the same thing, and together we can make the journey easier and funnier.

Just an advice: No flamers.

I don't want to read negative stuff of any kind.

If you really believe trading is just a fast way to lose money, you can express your opinion somewhere else. I want the conversation frame to be positive, so I'll nip in the bud every pessimist comment.

Good trading.

---------------Updates---------------

My trading goal: to reach financial freedom with trading.

My trading pshilosophy: Knowledge, Discipline, Bravery
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My Trading Rules (updating)


-Only trade if you're in the right emotional and mental state.
-If you feel a little off, do whatever it takes to improve your emotional and mental condition, and only resume trading once you're there, doesn't matter how long it takes you, whether it be 20 minutes or a month.

-Stop trying to predict the market trend, just read and react.
Do your homework. Plan for different scenarios. But never fall in love with your analysis. Market doesn't care about hurting your feelings.

- Easy things work best.
Hardest lesson to learn. Do as many mistakes as you can trying complex approaches, it's probably the only way you have to fully understand how to reduce a large number of variables into simple strategies.

- Recognize your mistakes.
If something doesn't work, doesn't work. Every time you try something, remember that it's combination of technical, psychological, and money management skills. Recognize where the mistake lies, and correct.

- Your opinions won't take you so far, your knowledge will.
Simply put: keep stupying every day.

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Books i recommend:

-Money management book (italian "trattato di money management"), by Andrea Unger;
-Zen and the way of a samurai trader, by Stefano Fanton
-Trading in the zone, by Mark Douglas;
-The power of now, Eckhart Tolle;

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Posts to read

Post#86 Money Management

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Be disciplinated, and good pips to everyone

nice start im pretty much new in ff to but have been trading for some years ,this year i am taking it on full time and i look forward to a positive enviroment the first thing i have done is get rid of my job im now in front of my screen as much as possible have started with a small account and am concentrateing on building it to a point where i can withdraw on a constant basis .Since i started three months ago i am running at 93% and can see myself making my first withdrawl for christmas ya, I look at posts for a rest from my charts and to pick ideas and indicators and i was becoming a little dispondent from reading posts from negative nellys so please keep that bucket handy and extinguish those negative flames. The best indicators i have have come from here so the trolling works well and i wont stop ,I will subscrib and visit as long as you use that bucket .
Good Luck and Great trading.

Don't worry

Great treading to you to!

hello, I am Italian and I work for two years and only forex, I am convinced that if we work together, the results are better
Hi Andrea

Let's take a look at EURUSD Daily chart.

The most important thing I learned in the last 2 years, is to follow the volatility. Now, if I look at the graphic I can see the last drops of the market which are much more direct then the up correction, contrary to what has happened up to August 24.

This makes me think market is going to reverse to touch at least 1.1120, so i'm looking for a short entry.

Now, I usually don't use any indicator (except for Heiken Ashi), but in this particular case some of them could be helpful.

I'll make you know when i'm in.

Great!

Sell EURUSD here at 1.11820.

I close about 1/3 of my entire position here at 1.11690, as I think market its gonna bouncing up 15/25 pips before turning down again.

came across an indicator called Maddash saw all the people following it were useing it for trade entries but i realised that being based on moveing averages it would be more suited for trade exits i downloaded it and added it to my indicators (i dont have many but what i do have give me perfect entries) the biggest problem i was having was leaving huge pips on the table (i am averaging 75 per day but wanted to increase this)some trades would carry on for 1 or 200 more pips so im now useing this indi as a tool to stay in will let you know how it goes.
Cheers and wishing you good trades

hail yes, lets do the homework.
love to hear positive and spirit

As I said, I'm not using indicator at the moment. But I also have to admit I still got some problems in timing my entries, so if i'd discover some helpful indicator...why not.

I never heard this Maddash before, I'm gonna try it tomorrow.

Thank you for sharing, good luck

We're going to do something big.

Stay tuned.

Another 1/3 of my position closed here: 1.1511

Seems like EURUSD is going to reach the high of the day.

By that point I'll try to read the volatility direction.

Ok, at this point it should be ready to another test at the min of the day.

Sell here at 1.1167

I'm gonna set a large stop for this operation, as the market could also try to retake some stops over the daily high.

Wait and see.

Depsite the wrong wiev, today has been a good day. I found interesting information on the net about price action, and I learned something new as I want to do every day.

I'm going to sleep (04:00 am in Italy) with more knowledge then I had yesterday, so I'm one step closer to my goals.


That's the way.

Good night.

we cannot impose our will on the charts all we can do is watch and be patient enough for the known patterns to appear and trade them accordingly for there is one thing that we can depend on and that is the repeat of certain patterns and candle formations ,I am the master of four trades, to do that i spent thousands of hours in apprentiships and im working on the fifth i already have spent many hundreds of hours on this one with a great many to go but unlike the previous four this one is proving profitable already .Nothing can replace knowledge gained from those who are masters and they can all be found here in FF .
Good Trading Mm8

I'm very happy for your results.

I often read some FF thread, and I have to say there are a lot of interesting approaches, and I'm trying to get what I can from the esperience of good traders.

I think the right way is to spend thousands of hours in front of pc to delevop our own operativity, and that's what I'm doing. Meanwhile, I will try to learn as much as possibile from the people around me.

I will find a way.

Good trading

EDIT: Do you have any conversation in particular that you would recommend ?

Itatrader93 you are so right you only get back what you put into it and my week is over i trade from week to week and now on my day off i perform the autopsy ,have i reached my weekly goals and if not why not ,are my indicators still performing and if not why not. Do my hours in reflect my reward out ,these are the things i check and refine every week .As we know next weeks market wont perform as last weeks did so doing this will prepare us for the basics of the next week, because i want this to be my income it is important that i treat it as i would any other business , in a professional manner.The bonus is i can do it in my own enviroment am i millionare no will i make a million maybe in time am i living off my trading yes is it a job yes but not as ive known one. intatrader93 you asked if i can allude to indicators i use that is a fair request but i have done this in another post and was kicked out of FF for doing so not sure how i broke the rules as their is no right of appeal and i dont want to repeat my mistake so forgive me for being cautious i will share as much as i can so bare with me as i tread carefully at this stage i can say that all indicators i use are free and avaliable and are in FF s archives ,most have been tested and refined by members and those that havent have been refined by me .
Hope next week treats you well Mm8