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  • #60,561
  • Nov 15, 2018 10:38pm Nov 15, 2018 10:38pm
Quoting SteFX85
{quote} I have a feeling when starting this post that I'm looking at novel size, but I'll try to keep it as short as possible . What comes next is maybe something you can use or maybe you can not, I hope it helps! Either way, writing down my beliefs and how I see things to keep trading consistently profitable helps me to get confirmation and can point out where I can make improvements. Posting these beliefs on a forum like this can only help other traders, as it helps me improving. My first tip is that You should probably do the same. Everyone has...
That is a great speech. You should be a public speak person and sell the "trading strategies" possibly you'd make more money than trading forex. Those books you mentioned they are good books to read and educate yourself to some point. But they do absolutely not help in trading on charts at all. In order to be successful at anything, you have to work hard for it. But the best way to learn something is to pay someone to teach you that is already very successful in that career. I did teach myself when I started learning about forex. Books, DVD's, seminars and so on. But it was not enough. Later on in my trading career, I have paid for two courses from two very known traders that traded for the banks, now they are both hedge fund managers trading their own accounts. They are legit and you can check them online, they did work for goldman sachs as traders and other financial trading firms. The mindset of wealthy people are much different then ours who are average retail traders. We have a good life, good career but we are not really wealthy. We are comfortable. In order to get much more ahead you need to get educated by wealthy traders in this case. You will have to pay a certain amount of money for them to teach you or pay one wealthy person to do that. Every successful rich wealthy trader out there did not learn it on their own, did not become wealthy in trading by reading few books like"trading in the zone" and so on. They have an idea, analysis, as a lot of us do but that is not enough. You need someone to teach you that has been trading for banks, and /or financial institution that made millions of dollars. They will be able to teach you how to start successfully trading and make a lot more money than now. For example you need to consider the following:

-Trading Plan
-Day Trading Setups
-Long Term Setups
-Trend Following Setups
-Range Trading Setups
-Market Overview
-Fundamental Analysis
-Technical Analysis
-Trading Psychology
-Risk Management
-Currency Market Drivers
-Idea generation
-Technical indicators(Which one's are useful and which one's are not. They are optional).
-Metals: Silver, Platinum & Palladium|(optional if you want to trade metals).
-Crude Oil
-USDOLLAR index and other currency indexes.

I will not go on and write the whole biography but who wants to read it and gets it, will understand it. No wealthy trader is here sharing their successful trading career for free.
  • #60,562
  • Edited Nov 16, 2018 12:44am Nov 15, 2018 10:42pm | Edited Nov 16, 2018 12:44am
Quoting Techanalyst
{quote} That is a great speech. You should be a public speak person and sell the "trading strategies" possibly you'd make more money than trading forex. Those books you mentioned they are good books to read and educate yourself to some point. But they do absolutely not help in trading on charts at all. In order to be successful at anything, you have to work hard for it. But the best way to learn something is to pay someone to teach you that is already very successful in that career. I did teach myself when I started learning about forex. Books,...
Why pay someone when everything you need to learn is right here in front of your eyes on the charts, read a book on technical analysis and you're good to go.
And when You spot the profitable traders on this forum you can learn a lot from them.

Maybe they wont share their whole EDGE, but at least you can learn something that can help you figure out for yourself how to do it.

For me it's the questioning myself, and thinking for myself that gets me ahead. I don't need anyone to hold my hand, certainly not pay them for it.

I never said that "My Speech" alone was the whole thing btw, there are other things that are important.
Knowing about the markets for example as you stated, I think every person here knows that.

But with just a bit of common sense, looking at charts and thinking for yourself you can get there.

Grtz
What's that smell? ---- I smell money!
  • #60,563
  • Nov 15, 2018 10:43pm Nov 15, 2018 10:43pm
Quoting SteFX85
{quote} Why pay someone when everything you need to learn is right here in front of your eyes. You just need to spot the profitable traders on this forum and learn from them. Maybe they wont share their whole EDGE, but at least you can learn something that can help you figure out for yourself how to do it. Grtz
Read again what I wrote, maybe you didn't get it. No one will hold your hand, you obviously don't get what I said. But that is ok, it is not for everyone. What I did in my trading career I am glad I did. Wouldn't change it for anything. No one held my hand, they just showed me to trade the right way as professional traders do.
  • #60,564
  • Nov 15, 2018 10:49pm Nov 15, 2018 10:49pm
Quoting skyway
{quote} In most cases, the rules fail. You win some of the time, then you lose some of the time. Your rules are not good enough..
beautifully said

what most of us don't realize is to do something successfully one must learn the right technique !

I can't fly a plane or play Liszt or be an acrobatic gymnast without learning the right technique hopefully from someone who knows what he's doing or the market itself and develop an actual understanding of that technique and practice it through thousands of hours through trial and error, what makes anyone think that they can trade profitably without the right technique ?

and now tell me does anyone think they can play Liszt or fly a plane without learning the right technique ?

don't blame your inability to read price movement , and lack of "the right technique" on probability theory.

I'm pretty sure flying a plane or playing Liszt isn't all down to probability if it were would you trust your life on that chance with that pilot ?

And would you trust yourself with your account ? (I don't and that is growing stronger and stronger as the years pass by)

if you can't trade properly don't blame it on psychology, MM ,probability, your broker, price feed and fx versus futures fake price LOL the excuses are becoming more and more creative . If you can trade properly with the right technique they all should sort themselves out.

There's no shortcut as there's none in all fields if you wanna reach proficiency or consistency seems to be more relevant in trading. Combos of indicators I doubt will do anything don't get me wrong when I was desperate I too did buy on that BS not anymore I realized that I need to understand the underlying structure as I should if I want to play Liszt I must learn to read the note first.
...
  • #60,565
  • Nov 15, 2018 10:51pm Nov 15, 2018 10:51pm
Quoting Piquant
{quote} beautifully said what most of us don't realize is to do something successfully one must learn the right technique ! I can't fly a plane or play Liszt or be an acrobatic gymnast without learning the right technique hopefully from someone who knows what he's doing or the market itself and develop an actual understanding of that technique and practice it through thousands of hours through trial and error, what makes anyone think that they can trade profitably without the right technique ? and now tell me does anyone think they can...
Well said.
  • #60,566
  • Edited Nov 16, 2018 12:48am Nov 15, 2018 10:51pm | Edited Nov 16, 2018 12:48am
Quoting Techanalyst
{quote} Read again what I wrote, maybe you didn't get it. No one will hold your hand, you obviously don't get what I said. But that is ok, it is not for everyone. What I did in my trading career I am glad I did. Wouldn't change it for anything. No one held my hand, they just showed me to trade the right way as professional traders do.
Glad you made it!
No hard feelings.

Just a little side note. I think everyone needs an eureka moment. For one trader this comes quick for others it doesnt come at all.

I work my but of day in day out. I dream about Forex and about what i can do better.

It's only by own experience and practice that you evolve, as with anything.
Ofcourse there are more things to it, but you make it as difficult or as simple as you wish. People tend to make it more difficult than it is, because they believe it has to be...

Knowing yourself and learning from mistakes as you go is proper training.

And Learning from other traders ofcourse, Maybe you did not Find them here. I have and i learned important things that helped me a lot.
Full time and professional traders ...B
But that doesnt Mean I gain their experience...

Grtz
What's that smell? ---- I smell money!
  • #60,567
  • Nov 15, 2018 11:28pm Nov 15, 2018 11:28pm
Quoting Techanalyst
{quote} That is a great speech. You should be a public speak person and sell the "trading strategies" possibly you'd make more money than trading forex. Those books you mentioned they are good books to read and educate yourself to some point. But they do absolutely not help in trading on charts at all. In order to be successful at anything, you have to work hard for it. But the best way to learn something is to pay someone to teach you that is already very successful in that career. I did teach myself when I started learning about forex. Books,...
We all want things for free. We prefer to self educate.

Truth is learning to trade is difficult. Learning to trade without a teacher makes it even more difficult.
Sometimes it is good to admit it is impossible, it saves the wasted years.
Some may not accept it today. After many years of failure the person may begin to accept this reality.
For those who have some success they will not get this opportunity to be properly taught by a teacher.
Investing in quality education is a wise option.
You make this decision for yourself. It's your trading business.
  • #60,568
  • Nov 15, 2018 11:34pm Nov 15, 2018 11:34pm
Thats what throws a lot of people ,, all the things discussed makes it seem so complicated and makes one think they must have all the trading jargon down . I got my ass kicked and lost thousands and thousands and thousands thinking the same way ,, like the levels posted on the min chart earlier ,, an hourly is no different ,, you can complicate any way you want but it still comes down to levels ,, previous highs previous lows projections from price patterns ,,, A business measuring stick is a quarterly time period ,, using weekly levels and chart patterns and a few averages along with previous weekly highs and lows some quarterly numbers and understanding things like a quarterly open is the 1 st line in the sand for a quarter like a daily open is the 1st line in the sand each day or the weekly open for the week ,, one transcends a lot of bullshit associated with trading . Im a damn farmer for crying out loud and I do just fine ,, I couldnt farm the way I do without trading ,,I like new shit to farm with I like buying land ,, I like pissing people off that thumbed their nose at me for years as I patched equipment together and struggled to compete with the local big shots for ground etc etc . You can say it is whatever you want to say it is ,, its not easy but its not the rocket science its made out to be , its just f(*king levels ,, even the big shot traders need levels to work with for their different clients who all have different agendas.. as stated ,, an hourly chart with a few levels a few averages a little common sense and the complicated part becomes not so complicated ,, it really is just levels ,, learning to roll with the mkt instead of fighting it is the hardest part of trading ,, trading is supposed to be sell res buy sup ,, is it not ,, thats how the big guys make money at it ,, the mkt gives you the levels find a way to use them for your piggy bank . One knows about how far it will move each day ,, one knows when it will move one knows when the moves will start getting smaller . Take what you do know about it ,, look at the levels ,, which ones are holding which ones are folding and make your bank ,, not much else to say really any thing more is just complicating it
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  • #60,569
  • Nov 15, 2018 11:45pm Nov 15, 2018 11:45pm
Every day this plays out with daily levels ,, every week this shit plays out with weekly levels ,, every quarter this shit plays out with quarterly levels ,,, just levels and which way the mkt is going ,,,roll with it dont fight it notice how many weekly lows are around those quarterly lows etc etc
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  • #60,570
  • Nov 15, 2018 11:46pm Nov 15, 2018 11:46pm
Quoting skyway
{quote} We all want things for free. We prefer to self educate. Truth is learning to trade is difficult. Learning to trade without a teacher makes it even more difficult. Sometimes it is good to admit it is impossible, it saves the wasted years. Some may not accept it today. After many years of failure the person may begin to accept this reality. For those who have some success they will not get this opportunity to be properly taught by a teacher. Investing in quality education is a wise option. You make this decision for yourself. It's your trading...
Human nature is to want something for nothing.

am not saying what you are selling is not valuable but trading has to fit the traders personality. Do you have a training program designed to fit the style for basic personality types? Can you define which style is best based on personalty?
Ecclesiastes 1:9
  • #60,571
  • Nov 15, 2018 11:50pm Nov 15, 2018 11:50pm
Daily is still bearish the trend. But looking at hourly chart it's crawling up.
  • #60,572
  • Nov 15, 2018 11:51pm Nov 15, 2018 11:51pm
Quoting newbegger
{quote} Human nature is to want something for nothing. am not saying what you are selling is not valuable but trading has to fit the traders personality. Do you have a training program designed to fit the style for basic personality types? Can you define which style is best based on personalty?
That's non sense. Is there an engineering degree based on personality? No, either you get it or you don't. You either learn to trade professionally which is to learn short and long term trading or you don't call yourself professional trader.
  • #60,573
  • Nov 15, 2018 11:53pm Nov 15, 2018 11:53pm
Quoting digger1
Every day this plays out with daily levels ,, every week this shit plays out with weekly levels ,, every quarter this shit plays out with quarterly levels ,,, just levels and which way the mkt is going ,,,roll with it dont fight it notice how many weekly lows are around those quarterly lows etc etc {image}
Wise words.. roll with it don't fight it.

Bravo
Ecclesiastes 1:9
  • #60,574
  • Nov 15, 2018 11:56pm Nov 15, 2018 11:56pm
Quoting digger1
Every day this plays out with daily levels ,, every week this shit plays out with weekly levels ,, every quarter this shit plays out with quarterly levels ,,, just levels and which way the mkt is going ,,,roll with it dont fight it notice how many weekly lows are around those quarterly lows etc etc {image}
your post is always has motivative aspects and make one to feel it is possible and can be reached.
great posts you do always
  • #60,575
  • Nov 15, 2018 11:57pm Nov 15, 2018 11:57pm
Quoting newbegger
{quote} Wise words.. roll with it don't fight it. Bravo
I was a slow learner lol, but much more to made rolling with than fighting it ,, dont matter the reason its being bought or sold ,, just the fact that it is one or the other ,, you wont get much but a bunch of stp outs for +1 or even fighting it ,, rolling with it you get the days range ,, you get the big chunks on the weekly swings ,, much much better lol
  • #60,576
  • Nov 15, 2018 11:57pm Nov 15, 2018 11:57pm
Quoting Techanalyst
{quote} That's non sense. Is there an engineering degree based on personality? No, either you get it or you don't. You either learn to trade professionally which is to learn short and long term trading or you don't call yourself professional trader.
Thank You. I like your honesty.
Ecclesiastes 1:9
  • #60,577
  • Nov 15, 2018 11:57pm Nov 15, 2018 11:57pm
i just keep buying at retracements. there have been weak to moderate signs of bearish situations but bull has been quite persistent. 1360 is a done deal, looking forward 1400. seems like it is all just starting. check the weekly, it may end up being a nice bullish candle if tomorrow closes above 1320. if closes below, back to bearish sentiment. whatever you do, trade safe and trade your own plan.
As Above, So Below
  • #60,578
  • Nov 16, 2018 12:00am Nov 16, 2018 12:00am
Quoting Lcky
{quote} your post is always has motivative aspects and make one to feel it is possible and can be reached. great posts you do always
if I figured out enough to be profitable im sure most can . I play in the dirt for crying out loud lol
  • #60,579
  • Nov 16, 2018 12:00am Nov 16, 2018 12:00am
Quoting digger1
{quote} I was a slow learner lol, but much more to made rolling with than fighting it ,, dont matter the reason its being bought or sold ,, just the fact that it is one or the other ,, you wont get much but a bunch of stp outs for +1 or even fighting it ,, rolling with it you get the days range ,, you get the big chunks on the weekly swings ,, much much better lol
no need to answer but how long you been profitable in trading? I sense many years?
Ecclesiastes 1:9
  • #60,580
  • Nov 16, 2018 12:02am Nov 16, 2018 12:02am
This is going to 1.1400.
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