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Quoting Profitgrowth
{quote} Like I said before, anyone who challenges your big ego, just cut em down, try and silence them, how predictable, I guess that's all we can expect from you now.
Hi Profitgrowth

I like this post from by trading buddy Steve (robots4me) so I thought I would post it here as well. Hope Steve doesn't mind.

@PeterCaleb -- you joined FF middle of last month and are already going on 200 posts. Since joining you post 10-20 times every day. After all those years as an "experienced trader" what bug crawled up your ass on Nov. 17, 2020 that caused you to proclaim your new mission in life was to share your wonderfulness with all the poor, struggling traders at FF?
Trading thin liquidity at the boundary of the charts
Just checking in. Threads gone really quiet, what’s happened, has the balloon gone up??
Quoting RickM
{quote} Hi Profitgrowth I like this post from by trading buddy Steve (robots4me) so I thought I would post it here as well. Hope Steve doesn't mind. @PeterCaleb -- you joined FF middle of last month and are already going on 200 posts. Since joining you post 10-20 times every day. After all those years as an "experienced trader" what bug crawled up your ass on Nov. 17, 2020 that caused you to proclaim your new mission in life was to share your wonderfulness with all the poor, struggling traders at FF?
Moodybot, Elvis has left the building.
Quoting Profitgrowth
{quote} Moodybot, Elvis has left the building.
Lol
A response to many people ....

Actually all I did was "kick the tree and see what falls out".

All I did was send in the dog to stir the pigs (boar) out of the brush.

So you see, I now know that you're all just "social traders" and speculators. A true real life trader does not count on blind luck or hope for good setups to profit from his/her efforts. They certainly do understand that any trading system MUST be allowed to evolve and be personally tailored. And they know how to control themselves. So all your posturing has helped to show anyone who comes along that you are the 'gang-clique' and you cannot be trusted to show someone how to trade properly. As I said, common sense. The ONLY interest I have is to help others learn to trade properly.

I am a career trader in retirement years. I have spare time now as I don't trade as much as I did previously. This is why I joined this site. And this is why the "Price action" threads and another thread stood out for me. Both offer me a chance to contribute in a way that helps. All those silly "stories" why I am here is hilarious and ridiculous and so far from the truth as it gets.

Peter
Trading's for those who learn independently. Everyone else is just blind.
I hope next year we can stop all this childish nonsense that goes on in this thread.

George was adamant that he would not give live trading information, so why pick on Peter for doing the same.

Some people just have to show off, as I have said before if you do not like what Peter is doing, move on, please.

Wishing all a very Happy New Year with lots of pips.
Quoting PeterCaleb
A response to many people .... Actually all I did was "kick the tree and see what falls out". All I did was send in the dog to stir the pigs (boar) out of the brush. So you see, I now know that you're all just "social traders" and speculators. A true real life trader does not count on blind luck or hope for good setups to profit from his/her efforts. They certainly do understand that any trading system MUST be allowed to evolve and be personally tailored. And they know how to control themselves. So all your posturing has helped to show anyone who...
What you are doing is good (helping others). I can say also do consider the feedback. Are you achieving what you set to achieve?

What I have seen so far is that many pro traders seem not to be good at transferring their knowledge to those they are trying to reach (or perhaps they don't want to spoon-feed?). On the other side the gurus and those who do not get their income from trading seem to be very good at presenting what they don't know if it works or not and some may know very well that it doesn't work (and many newbies tend to fall for this group of "teachers"). We all know how hard it can be to grasp Al Brooks' work when you read his books for the first time.

So I can say deliver and then try to get some feedback and find out if you are not talking and moving along alone. Perhaps your work is one of the Al Brooks kind of work of which might require one to go through it over and over again (I did that with George's work and I'm still going through it and watch again and again his podcasts with Djamal).

If I'm correct asset21 seems to be the only one who really see the way you want us to see and that would be a fail for any "teacher" (out of the whole class only one student obtains a pass/promotion). You once asked where I'm confused when it comes to your work. The sad truth everything from the beginning. I'm not one of the brightest people and when I look at the work you presented I can only see hopelessness on my side (and that perhaps I shouldn't be a trader - that perhaps this game is beyond my depth).

Despite the fact that there are so many tools and data-feeds out-there George tried to present a way of looking at the little resource one has and still get some edge in this game. I think Michael (ICT) has tried to do the same.

I'm not expecting any spoon-feeding from you (and anybody). I'm saying listen to the crowd. When you are Dj'ing and you know that your s**t is good but yet people are still booing at you then perhaps you have to adjust the way you are presenting. Listen to the crowd. This should be a two way process and not a solo.
Pumi the crowd you talk of is 5 people, many more that have been around for some time relating to Peter would not bother

banging heads with silly people, we are working on fine-tuning our own trading abilities where we see the value.
Quoting oztrader
Pumi the crowd you talk of is 5 people, many more that have been around for some time relating to Peter would not bother banging heads with silly people, we are working on fine-tuning our own trading abilities where we see the value.
May be then his method or the way he sees the market is totally different from what we have picked up from the old thread and the beginning of this one. He must have accumulated enough posts now to start a new thread. Try to change the gears of your car (manual) from 2 to 5 and and vice versa without allowing the smooth transition and see what happens.
"when I look at the work you presented I can only see hopelessness on my side" Pumi, that is exactly the reason why i tried to make this thread better, when you've got a self professed person who thinks he's better than everyone else and putting out stuff that goes way over your head and makes no sense, it makes you feel it's all beyond you and you want to give up. Don't give up, keep going.

There are plenty of "career traders" around, who will freely share their trading styles and tips etc, Peter is never going to,is now apparent, instead , just run down anyone who tries to point this out, so just have to leave him to himself i guess, sad thing is he thinks he's helping but actually turning people off it, don't let it derail your trading efforts.
  • Post #611
  • Quote
  • Edited at 5:52pm Dec 30, 2020 5:15pm | Edited at 5:52pm
This thread has long since discussed any of his stuff despite George specifically requesting posters to do so on his first post on page one.

Quoting George AUS
SOOOOOOOO ,,,
PLEASE ,, PLEASE ,,, PLEASE ,,,
RESPECT THE FOLLOWING RULES ,,,

THIS PROJECT IS NOT FOR

= TO POST ,,, OR ,,, ASK ANY QUESTIONS THAT ARE ,,, NOT ,,, BASED ,,, AND ,,, RELATED THE THEORIES USED BY THIS FAMILY ! ! ! !
Cheers George
----------------------


Back to George.

I am not part of this new wave-fib family.

And I do not trade this methodology (my choice).

But a quick “3 minute” look this morning at George’s fave pair, from yesterday, ‘might’ indicate what he was showing readers in this new thread.
(maybe I have the wave counts wrong - I’ve never used them sorry).

And George’s fave fibs also show up on this chart below.


Mik2012 was (probably) the main poster on this thread (well one of), as I read through it, that latched onto & understood the methodology so described here by George.


Anyway, here’s the chart I quickly ran up this morning on a pair I do NOT trade.

I only trade the majors for me now since ASIC changed the goalposts - well next March - for Aussie traders (getting in early lol).

1:30 leverage on the majors and 1:20 on the non-majors coming up (I had originally negotiated 1:200).

(Thus requiring a deposit increase from me next year to => ‘apparently’ help me <= LOL
- thx ASIC -
my broker & I already had a perfectly fine business arrangement that we BOTH discussed when I opened my account years ago.
ASIC rant now over lol.).


Here's the chart - apologies to George if I have it wrong. Looks like (?) what he might have been discussing here.
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It has been suggested so let's try all this from a different approach.

** The idea of this exercise is to take what I speak of here and go and make note of your own observations based on these points. Then you will KNOW that I speak the truth but more importantly, YOU will know for yourself ----> FOREVER.

At the most fundamental level, your market of choice has ONE tool. TIME. It is the ONLY common denominator across ALL markets. Not price. Not orders and not participants.

Price has two choices - up for down.

Participants have three choices - buy, sell, wait.

A participant always brings what and who they are into any situation that involves themselves and their money. That's their past, their emotional and mental standards and also their physical health.

As a new trader, one thing is your mantra - "I am here to hunt." Even if you are not an aggressive person, understand that the world is not all flowers and rainbows. The markets are designed to test you.

When beginning, always use a line chart without indicators and never use a white background for your chart, it will eventually burn out your cornea. Your "phone" is not for trading. If you use it in this way, it's a toy and you have misunderstood what you are entering into. BUT if that is all you have, then invest in pencils and paper and start there, placing more importance on learning rather than rushing into anything that involves your money. But realize you WILL need more than this later on. Perhaps a tablet with a mouse would be sufficient. I have tried it with a phone - a phone makes you waste too much time zooming and shifting and .... wasting time. You are a trader, you need informed insightful information quickly and succinctly. A phone is simply unsuitable.

The price chart (assuming this is what you use) is a simple accumulation of activity without a face. Be it line, area, bar, candlestick .... it's never labelled correctly and accurately for your convenience so don't try and squeeze water out of a stone. The only way for you to know what you like using and if it "feels good" to you, is to use it for some time. Again without indicators as they're a distraction at this point.

A price chart is a language. THIS is why it takes people so long to learn to trade. It ... LITERALLY .. is a language unto itself. Just as learning any language, it requires Motivation, Focus, Determination, Perseverance and Stamina. But more important than ANY of those, is the NEED to learn. If your reason (need) for learning is not strong and deep enough you WILL fail to reach a level of achievement that you are capable of. If you want to trade for social standing then stick with "demo trading" and have fun doing it. That way there's no unnatural pressure and you can play around and enjoy it that way. However if you are more serious, then you have to realize that EVEN Warren Buffet HAD TO learn to trade and invest. He learned from Benjamin Graham (Among Others) and so if you remove the idea that he is different to you, then you have a level playing field psychologically to begin your training. Those guys are not better at it than you - they've just been doing it longer. Keep that in mind OK. Trading is an "intelligence" of its own. So ignore the usual outside world ideas of IQ and intelligence.

Ignoring for a moment the idea of trend or not, the market you trade always oscillates back and forth. Looking at a chart and picking a point in time where it is "trending", now turn your head on its side in the direction that shows the market simply .... sideways. If it is more of a breakthrough movement (it's moving steep and fast) then just drop down a time frame until you see the "trend" formation in play.

A side note - Trend - is a concept of form NOT function. It's similar to saying "left leg walking" instead of just "leg walking". It's a viewable movement without the details of WHY. By being objective in this way, you can remove the posturing and arguing about if a market is trending or not and whether it "trends" or not. And by viewing everything in this way, you will make it easier to assimilate the knowledge of WHY markets move as they do. There will be no cognitive dissonance - internal mental argument over what is true or not.

OK. Next.

Every trader must find their own path to what makes them happy in their work. To do that, you need to be able to sleep well and deeply at night with the knowledge, that whatever life brings you are ready ENOUGH to face it.

The markets, just like in people, have a flow, a rhythm, an actionable motion to them.

A trader must learn how to ask questions - of themself, of the world and the market/s. This is not always easy at first but with practice, it get easier and you will come to love doing it because you learn something new each time.

* The Interrogative question = People get scared, angry, offended, insulted, or frustrated. And because of these feelings and emotions, we approach a person with a predefined idea of what is true before asking the question. And this comes through in the way someone interacts. It is why arguments ensue and conversations tend to be circular in nature and direction. With this line of question, no good can come from it and in the end, no one wins.

* The Inquiring Question = Here I have called this a "lead on question". If a person REALLY wants or needs to learn, they understand no one owes them anything and they realize that learning cannot happen while engaged in combat. So in walks being humble. You simply ask the question because you want to engage in discussion to learn and understand. There is no hidden agenda and no "negative" (for lack of a better word) attitude that sparks the question being asked. Far too often the attitude outweighs the question on delivery and the situation becomes unstable. So no knowledge is passed on.

Learn the difference and you will quickly be answering your own questions relating to your trading.

Be more creative. Don't be afraid EVER, to listen to your instincts, when testing something for the first time. As you do this more and more, the process of testing and trying new things becomes like a HOT ROD !! ZOOOOM !! There's a point where you won't need to action every single step of your testing process because you already know the results of that specific section of it all.

When ready, start a scrapbook/journal or SOMETHING that details your trading life. If you only have a phone, then work out how to print out charts (OR draw things freehand) and pics you find useful. The PROFESSIONALS are people, like you, but they write things down and keep notes on what works and doesn't work. For them, it's a business and they treat it with the respect it deserves and requires. You really should do the same, particularly when you are still learning. It will fast track your knowledge and experience arsenal building stage.

Concept building and thinking - Concept comes before action or activity. It's no good using something if all you do is follow it blindly. Concepts like buy and sell are general terms yes,.but they provide perspective as a starting point to build a strategy. The same with trend, momentum, price, volume etc etc. All are a concept. But for a trader they need to be pushed into reality and used in some way. So concept becomes thinking. This is where you create strategy, improve tactics, check goals etc. This is where you can get creative and challenge your ideas and everyone else's ideas.

Tools - I suppose anything can be a tool, if observed properly. Form and function will always guide you to see what others do not/can not see. They see a Fib tool, I see something a lot more. They see a moving average, I see the ebb and flow of time.

Form - 10000's of indicators. But with these form is always based on Time. It has to be. One market says $1.0145 while another price in another market says $0.9124. However 1 minute is ALWAYS one minute.

Function - It's really whatever you want it to be. I have already demonstrated just ONE use of the Fib retracement tool with my probability scale tool. It is FAR more accurate than other uses I have seen. (Yes I am sorry to say, at times even more accurate than George's Fib levels approach) Again, when used properly in a specific context. Yet you must take into consideration WHY you're doing it. And don't give me a response like "I want to make money." That's pointless because it shows no thought into your goals and aspirations as a human being. People don't need money to live, they need to be able to THINK to be alive. So function is going to reflect how you think, why you think that way and definitely, IF it aligns with your goals.

End of "Part 1" I guess.

Peter
Trading's for those who learn independently. Everyone else is just blind.
  • Post #613
  • Quote
  • Edited at 11:51pm Dec 30, 2020 11:37pm | Edited at 11:51pm
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In trading you need to stay calm.
Neutrals like WHITE, beidge and gray can make you feel calm and relax.
It will help purge and sift through all the noise made by forex forum influencer wannabe.
Quoting failinforex
{image} In trading you need to stay calm. Neutrals like WHITE, beidge and gray can make you feel calm and relax. It will help purge and sift through all the noise made by forex forum influencer wannabe.


Yeah sure, come back to me in 30yrs and tell me the same thing please. I do recall that I spoke only of White but ok whatever blows your hair back.

Peter
Trading's for those who learn independently. Everyone else is just blind.
When I read a book I always put the concept presented in the book to a test
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"95% of the time Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price. Within this truth lies the pot of gold." CrucialPoint
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Quoting failinforex
When I read a book I always put the concept presented in the book to a test {image}
I have studied this for a while, but it seems like everything else you can end up getting chopped up, maybe I'm missing something
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Quoting BWilliam
{quote}
You are not part of this new wave fib family and you don't trade his methodology despite posting pretty history charts. It's not good enough for you, George's methodology does not compel you to risk placing trades. You can't convince others if you can't convince yourself. RickM wrote George's TMA is the wrong tool, lost hundreds of traders lots of money. Rest of his forthright comments here. https://www.forexfactory.com/thread/...8#post13324868


Right on cue BWilliam. Of course

You just cannot help yourself can you.


You, BW, are a negative pull-down thread poster as I well remember.

Happy New Year



Now at least PeterC is trying to offer something positive, even if off topic.

The thread had a purpose.

For George it would seem.
Quoting BWilliam
{quote} You are not part of this new wave fib family and you don't trade his methodology despite posting pretty history charts. It's not good enough for you, George's methodology does not compel you to risk placing trades. You can't convince others if you can't convince yourself. RickM wrote George's TMA is the wrong tool, lost hundreds of traders lots of money. Rest of his forthright comments here. https://www.forexfactory.com/thread/...8#post13324868
I thought about saying something but really, there's no point.

Happy New Year Pete and great trading over the last 12 months.
Very few gentleman on this forum but you're one of them.

Andy.
Quoting moodybot
{quote}
I thought about saying something but really, there's no point. Happy New Year Pete and great trading over the last 12 months. Very few gentleman on this forum but you're one of them. Andy.

Hahaaa, cheers Andy you are a good bloke, and from the very first moment we ever crossed paths. Have a great one pal.
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