Newbie Student Technical Analysis Group

NOTHING TO HIDE

good luck fellow student

Think about psychology when trading not just the market.

Need to understand what’s going on inside your own head as well.

To sustain above average returns takes more than luck.

A major mental commitment and knowledge of the pitfalls we can create for ourselves without even knowing it.

How about having the best trading system in the world ?..................

................, but if we cannot stick to the methodology because we allow our mind to override the signals or analysis, what good is it? Refer to Dr. Van K Tharp on this subject. !


Take seriously the psychology of trading.

It really can make the difference between success and failure.

EU Scalp

GU Scalp

Another Scalp Reverse

Gu reversal on NYO ?

Between LO and NYO.

Stopped out happened

Entry No. 1 was early, as it was reject of pVT and 200ema

Entry No. 2 as rules, breaking oppening price

For scalping of 20 pips each.

past 2 day had given scalper to maximise trade.

6 Short and 5 Long TRade.

Good for 11 trade @ 20 pips each

ROSS HOOK

WE understand that Joe Ross is here in FF as FF Editor. This method is based from Joe book ,affectionately known as the “Hook Book”.

We and the rest of traders who practice its precepts, as “Hookers”.

WE wish to use his method in trading and having oen discussion about it. Including TTE Indicator wil be introdice later

Note : TTE = Traders TRick Entry


Mr. Moderator...can you please confirm that it not violation of Copyright if I use the method in this thread.

( As you aware, we are still under probation with warning)

Posted from Rparm

Couldn't agree with you more Jmn5611!

A successful Forex System whether it's Manual or Automated will have unique characteristics which would take years to develop.

If a person were to create an invention that is unique that beats the competition... however it took years to make, countless hours, money, time away from family, enormous stress... why would they expose the method used to make the invention... to individuals that are not willing to put in the work, and their own time to do the same?

Anyone can be successful at Forex, the money is lucrative but what the majority fails to realize is that the amount of time, and effort it will take to become successful cannot be compared to a Day Job or even Multiple Jobs.
If a person lacks self control, patience, and good work ethic I don't believe they will last long in the Trading World. A person should first develop internal qualities such as patience, discipline, emotional control, and good work ethic before they attempt to do something as difficult as Trading.

Outside influences such as family and friends can negatively impact ones journey to success. I was told countless times to give up, I'm not capable, I'm wasting time by numerous people close to me, their perspective told them that what I was doing was not going to work, however they could not see/understand MY perspective.
At times I would believe them and this would reduce my output, I would slow down, I would think less, and my System Research and Development would suffer. But over time I learned that I must have enough self control to pick and choose what external factors would affect my thinking process, I began to no longer care about the opinions of others in regards to my Trading System development. That is a part of my personal story, and goes to show how something such as Emotional Self Control does play a role in developing any career.
To the OP if your wife and you are having a conversation, discussing that it may not possible to benefit from Trading, ask yourself does that conversation help you develop or improve your trading?? Should you even be thinking about such a thing or should you be spending that time developing and working on your trading? These types of questions will make or break an aspiring Trader, either commit yourself 100% and put Trading first or quit, the level of competition is fierce self doubt and wasted time will prevent success.

On another note, take the following as an example:
If you wanted to be an athlete, would you go to an athlete and ask what their secret is? What if you wanted to be a successful Business person? How about a Doctor? At the end of the day there is no "secret" to success in for any career including Trading. There is simply passionate dedication which some mistake for curiosity. Your dedication must be superior to that of your competitions, just visual how many people would love to be a Professional Trader.

I developed well over 150 Trading Systems, and numerous variations of each Trading System. All of which failed given enough time. However, after I had accumulated enough experience, improved my intellect, and just as importantly developed my Internal qualities (patience, self control, work ethic... ) things began to come together smoothly.
Today I am a successful Trader and have been for sometime. I am very happy with my financial success, however I will be honest the journey to get to this point had many many more disappointments than I could have ever imagined than when I first started, it is a miracle that I made it. I have lost money, friends, family, and time. All of which I sacrificed to allow myself to dedicate more time towards developing my Trading System. I have learned one very important lesson, it's been said time and time again but it's one of those things that a person learns through personal experience not through someone else's experience. Money will not make you any happier. You have a wife and hopefully a family, so spend time with them.

I have shared my opinion and experience as usual, I hope this does not offend anyone, instead I hope it can help out whoever stumbles across it
Lots of Love
Rparm

Pullbacks and Throwbacks

Once the price has broken through support or resistance, it often returns to the area of the breakout. The terminology used to describe this return varies, depending upon whether the breakout was bullish or bearish in nature.

Technical analysis is useful, but it isn't perfect. Why is it that there are no perfect patterns or techniques?

One reason is that markets change.

Even if you could create the perfect trading system, one that would've been successful in the past, markets are in a constant state of flux.

Because of this, tactics that worked in the past sometimes become ineffective, and strategies that failed in the recent past sometimes regain their effectiveness.

Price Capped

Retest Capped

Engulfing

Buy at Demand Zone

Price Engulf

FTR

FTB

Target

GBP JPY

Nice CP in the making, waiting it to complete with LQ.

Move down to Green Zone for another long set up.

GBP USD

Scalping


SL 10,0 pips

https://www.forexfactory.com/attachm...1&d=1365828066

Post from Whiteout