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What Would You Do Differently Today for Better Trading Results?

  • #521
  • Aug 16, 2017 9:40am Aug 16, 2017 9:40am
Almost all traders use a significant part of their early trading years looking for the 'Holy Grail' of trading. Much of this search is about getting the one trading system that will provide a windfall for all trading seasons, the 'Holy Grail.' Does it really matter which trading system you use? Is there really that one trading system that can answer all trading needs?

I personally value trading strategies over trading systems. What about you? But do we all have the same definition for what a 'trading strategy' is? How would you define a 'trading strategy'?

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #522
  • Aug 16, 2017 1:15pm Aug 16, 2017 1:15pm
Quoting KeenPips
Almost all traders use a significant part of their early trading years looking for the 'Holy Grail' of trading. Much of this search is about getting the one trading system that will provide a windfall for all trading seasons, the 'Holy Grail.' Does it really matter which trading system you use? Is there really that one trading system that can answer all trading needs? I personally value trading strategies over trading systems. What about you? But do we all have the same definition for what a 'trading strategy' is? How would you define a 'trading...
Let me clarify that when I talk about trading strategies, I am not talking about 'automated trading strategies' or EAs. For me, EAs are part of trading systems.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #523
  • Edited 5:11am Aug 17, 2017 4:56am | Edited 5:11am
Trading is to solve all paradoxes.

What i see differently today? i dont see anymore the dancing graphics like an hypnotic casino.

You must be passionate (about trading cause its a long journey) and boring (about seeing graphics) at the same time: one of the thousands of paradoxes.

Maybe trader is like writer: you can be inspired by a style, but do not copy it, find your own style.

green pips

(sorry for english)
Bottomless wonders spring from simple rules, which are repeated without end
  • #524
  • Aug 27, 2017 5:18pm Aug 27, 2017 5:18pm
Here's why stepping aside on USDCAD for now is advisable from a technical perspective.

The pair has been on the downside for some time. However, on the weekly time frame, buyers strongly intervened to push price higher four weeks ago. Nevertheless, lack of follow-through three weeks ago opened an opportunity for bearish price action a week later, resulting in a rejection pinbar around a significant S/R zone breaching the monthly central pivot southward.

On the H4 time frame, price action is respecting a resistance trendline (magenta colour) from the high of June 9, 2017. Although all technicals point to a bearish continuation, the last session on Friday saw the buyers influential. As price action is in an area of strong support, we may see some sideways operation for the early part of this week; any movement either upward or downward may be limited. It may be advisable to step aside for clarity in price action.

However, a pullback to the trendline on the H4 time frame (magenta colour) followed by its bearish rejection is likely to get me interested in a sell trading opportunity.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #525
  • Aug 27, 2017 10:23pm Aug 27, 2017 10:23pm
Quoting KeenPips
Here's why stepping aside on USDCAD for now is advisable from a technical perspective. The pair has been on the downside for some time. However, on the weekly time frame, buyers strongly intervened to push price higher four weeks ago. Nevertheless, lack of follow-through three weeks ago opened an opportunity for bearish price action a week later, resulting in a rejection pinbar around a significant S/R zone breaching the monthly central pivot southward. On the H4 time frame, price action is respecting a resistance trendline (magenta colour) from...
I think it's time for you to make the first trade call after 2300 posts of theories and a newbie since 2016.
Time to put your theory to work and start taking in those green pips....or at least start with a demo to test your theory and who know you may turn out to be a top trader some day.
Cheers,

GS
  • #526
  • Aug 27, 2017 11:46pm Aug 27, 2017 11:46pm
Quoting genghistar
{quote} I think it's time for you to make the first trade call after 2300 posts of theories and a newbie since 2016. Time to put your theory to work and start taking in those green pips....or at least start with a demo to test your theory and who know you may turn out to be a top trader some day. Cheers, GS
This thread or any of my threads is not designed to show off my trades or to show how good a trader I am. The purpose of the thread is clearly stated in post #1. Stop being a troll and show some respect.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #527
  • Aug 28, 2017 12:10am Aug 28, 2017 12:10am
Quoting KeenPips
{quote} During the week I decided to take a breather because of the polluting environment being created on certain threads by some FF members who see the community as a place to vent their repressions or suppressed aggression on others. They insult, abuse and violently attack others who see things differently from them. So, I took time to check a few other FX forums and decided to register with one (I won't name it). The point is that the atmosphere there is highly welcoming and refreshing, just as it should be in FF. It is the kind of atmosphere...
I wrote this in May 2016 when I joined BabyPips and started a thread which became a 5-star thread within a few months. I hope GS learns from it and stop polluting this thread.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #528
  • Aug 28, 2017 12:22am Aug 28, 2017 12:22am
Learning is the only key to success and you could only become successful, if you have proper amount of knowledge and experience and skills.
  • #529
  • Aug 28, 2017 12:28am Aug 28, 2017 12:28am
Replied Jan 21, 2016
{quote} Thank you Medici for sharing, and for being honest. That is very encouraging for a newbie like me. KP

Do you mean to say that you are lying that you were a newbie back then? So you are an author of a five star thread in babypips.com right now and becos of this you are not able to make even one trade call in your 2230 posts and still counting?

I cannot be lying becos I was just quoting what you said back in Feb 2016. To me I am incapable of lying becos I have to make another 10 lies to cover one lie. Too bad if you are unhappy with me stating the fact. Not engaging you from now onward....good luck with whatever you are doing.......

GS
  • #530
  • Edited 2:18am Aug 28, 2017 2:05am | Edited 2:18am
Quoting genghistar
Replied Jan 21, 2016 {quote} Thank you Medici for sharing, and for being honest. That is very encouraging for a newbie like me. KP Do you mean to say that you are lying that you were a newbie back then?... Too bad if you are unhappy with me stating the fact. Not engaging you from now onward....good luck with whatever you are doing....... GS
Newbie to FF, that's what some here believe once you are new in FF. I joined in December 2015 and no harm in being modest. I've been trading live accounts since 2011; check my profile. My 'EURUSD Top-Down analysis' thread on BabyPips (username: TrapTheMarket) is highly rated: go check it and learn some modesty. Also go check my Trap the Market and Weekly Technical Outlook threads on FF.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #531
  • Aug 28, 2017 2:07am Aug 28, 2017 2:07am
Quoting GodfatherSam
Learning is the only key to success and you could only become successful, if you have proper amount of knowledge and experience and skills.
That's the spirit of this thread lol.

.KP
Do your homework, follow the footprints of smart money
  • #532
  • Aug 30, 2017 1:18am Aug 30, 2017 1:18am
Quoting KeenPips
{quote} A lot of hype has been made about screen time. That a trader needs a lot of screen time. Really? If a trader spends a load of screen time without being focused on specific things and without identifying and assessing how they are progressing, is that what screen time is about? Imho, the emphasis should be on quality and focused screen time demonstrated in improved competence as a trader. What do you think? Trade safe and prosper. KP

yes your very right quality focus
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #533
  • Aug 30, 2017 1:43am Aug 30, 2017 1:43am
Quoting martinez1
{quote} yes your very right quality focus
Thanks mate! Encouraged!

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #534
  • Aug 30, 2017 2:58am Aug 30, 2017 2:58am
Are you guys working on anything concrete or is it all just another motivational quotes thread?
  • #535
  • Aug 30, 2017 3:47am Aug 30, 2017 3:47am
Quoting player1pl
Are you guys working on anything concrete or is it all just another motivational quotes thread?
Read post #1. If you have nothing useful to contribute you may take your leave.

KP
Do your homework, follow the footprints of smart money
  • #536
  • Sep 4, 2017 5:05am Sep 4, 2017 5:05am
Learning daily and making your home work count is key to success in this business. One route I have been taking recently is structure-based trading. Here's a video you may find useful. Anything you learn from it to become a better trader? Share your view with other traders here.

Trade safe and prosper.

KP

Inserted Video
Do your homework, follow the footprints of smart money
  • #537
  • Sep 6, 2017 4:50am Sep 6, 2017 4:50am
Me thinks if your market analysis is 75% correct on average and you have a solid trading plan based on the analysis, together with a simple, functional system, a whole lot of your success will lie on the quality of your strategies; particularly your patience to wait for the right conditions to materialize before entering and exiting your trades. Any trader with similar sentiment or difference in perspective? Share your viewpoints or experience here.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #538
  • Sep 7, 2017 2:33am Sep 7, 2017 2:33am
Screen time is less important than focused practice. The screen time should be used on learning specific things for mastering the markets and succeeding consistently as a trader. Here's a video on focused practice. What could you learn from it? Share it on this thread.

Trade safe and prosper.

KP

Inserted Video
Do your homework, follow the footprints of smart money
  • #539
  • Edited 4:45am Sep 25, 2017 4:01am | Edited 4:45am
I have just deleted an email from my inbox. It was from a Forex news feed. It harped: 'EUR declines on German elections...' Do you trade based on such heralding? Would you be trading based on such a feed? If you trade based on such news, you would be losing a load of money as a trader. For example, the EURUSD and EURJPY were already at significant resistance zones technically and they had been overextended for weeks. In my books, it is never the German elections that caused the decline. The money makers did, sensing that they have reached their targeted turning points. I never realized this a few years ago, but watching and stalking price action at significant turning zones is now the centerpiece of my trading. What about you? What have you learned recently that affects how you now trade? Share it here!

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #540
  • Oct 18, 2017 3:10am Oct 18, 2017 3:10am
It is important to develop and have a profitable trading edge in the market. This is one of the things I have been focusing on in the past two years. Do you have a profitable trading edge? Have you developed, or are you developing, a profitable trading edge?

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
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