these my view on gj and uj still learning
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Price action at the core / tma intra day
- #4,122
- Jun 12, 2019 1:55am Jun 12, 2019 1:55am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,123
- Jun 12, 2019 1:56am Jun 12, 2019 1:56am
- Joined Jun 2006 | Status: Adios! | 3,377 Posts
Staying in my lane...
- #4,125
- Jun 12, 2019 2:18am Jun 12, 2019 2:18am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,126
- Jun 12, 2019 2:33am Jun 12, 2019 2:33am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,127
- Jun 12, 2019 2:39am Jun 12, 2019 2:39am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,129
- Jun 12, 2019 2:52am Jun 12, 2019 2:52am
- Joined Jul 2015 | Status: Trader | 2,299 Posts
Just want to remind everyone of the Live Call made by Master George on the Dow Jones.
Post# 3734:
https://www.forexfactory.com/showthr...3#post12298053
What Happened Next-This is my mark-up)
Shows the potency of the concepts created by Master George.
Just my 2 cents.
Post# 3734:
https://www.forexfactory.com/showthr...3#post12298053
What Happened Next-This is my mark-up)
Shows the potency of the concepts created by Master George.
Just my 2 cents.
- #4,130
- Jun 12, 2019 2:53am Jun 12, 2019 2:53am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,131
- Jun 12, 2019 2:56am Jun 12, 2019 2:56am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,133
- Jun 12, 2019 3:13am Jun 12, 2019 3:13am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
{quote} Thanks man. I can only share my observations and past experience from FX which probably is polar opposite of what this project is about (except for MM manipulation part). I did not trade charts, never flipped timeframes or pairs, never drew lines or rectangles or objects, relied only on data and not visuals, traded only on the tick (not tick chart!) using pure momentum based baskets, didn't care about ADR or ATR or moving averages or found any value in "measuring" price or relying on correlations for entries but did use mathematical correlations...
nothing wrong with all that.
Q: did it work out for you to your expectations?
does it have room to improve?
are you curious and/or open minded enough to look at something different unbiased enough?
" Completely different approach to trading via currency strength. Did not even believe that entries are important for my approach.... but, moving into futures, I had to come up with a new rules of engagement which involved only one instrument, one timeframe, one chart, one session, one hour within the session, one trade open at a time with razor sharp predefined entry and exits with fixed MM on fixed capital geared towards daily/weekly income generation and withdrawal"
just as above...trading is one of the few fields where one can do an almost instant assessment of his 'rules'...P/L statement. ( or a semi realistic demo view of it).
"all using simple language that could be transferred to my kids on a napkin"
i think what i have shown you on that Nasdaq chart a few post before this, all can be written in a half a napkin.
can your new set of rules fit on one napkin as they are?
"Trading has to be simple as 123"
trading is simple. but it isnt not easy.
"for me going forward as I refuse to put in the long hours like I did in FX... I am talking $1K per hour with one or two wins per day and be done for the day."
entitlement...just how many hours did you put into your work ( or the study before it) before it started to pay off at the current level?
expectations...realistic? maybe, maybe not? proper goal setting is not that simple. what is the base equity to make that 1k per hour?
if your work is paying so highly, then perhaps the very best is to forget about trading, dedicate the rest of your life to your job ( as you had before; as there was no refusal there and then to do that!), and keep an hour a day for demo playing, as a recreational computer game.
a bit rough, i know, but this is a business at that level, and like in any successful business, it needs dedication, and compromises, and a rather can-do attitude vs a refuse this and that attitude ( that also wasnt/wont get you ahead in any corporate ladder neither, for that matter!).
"Trade to Live is my go-forward mantra and not Live to Trade and analyze/discuss charts. I am getting where I want to be... one way or another, I will be there....for sure"
'Live to work'...seem to be OK to get to 'Trade to live'.......so, in that continuation where is wrong to use ' live to trade' to get to 'trade to live', and spending time to analyze/discuss charts, or whatever it takes to get better at the "job at hand", trading.
i am almost certain, that after your collage/uni, at work, you had countless seminars, and meeting, and trainings trying to teach you something new that you may or may not cared or needed for your job to perform.
i am almost certain, that as a good employee, even if grumpy sometimes, but you were there, perhaps even near the front row, doing what was expected.
in trading, sometimes you learn from others what may be useful,
and sometimes you learn from others what may be a failure, without doing all that yourself.
for example, i really dislike backtesting. or drawing charts.
but i do both, when needed. for me, or for others to explain something. ( though try to keep both of it to a low, lol).
it is part of the job.
and trading is a job, and a business, once someone graduate from the land of theories, demoes, and find an empty napkin and a pencil to start out for real.
and while at the real things; forex or futures, no matter, but often not playing out when when one start with a (high) goal in mind, and try to fit a system to suit it.
we have a proverb: choosing the coat for the button.
dont overcomplicate things.
trading is simple.
but not easy!
happy trading!
Zoltan
there is always, always another trade!!
- #4,135
- Jun 12, 2019 3:24am Jun 12, 2019 3:24am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,138
- Jun 12, 2019 4:24am Jun 12, 2019 4:24am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
- #4,140
- Jun 12, 2019 5:48am Jun 12, 2019 5:48am
- Joined Nov 2013 | Status: Trader | 1,536 Posts
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !