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Price action at the core = family members' discussion project

  • #1,821
  • Feb 22, 2021 12:53am Feb 22, 2021 12:53am
"PeterCaleb isn't the problem ..... the status quo is the problem."

Low standards and huge assumptions. Standardized excuses and loads of circular thinking.

You wanna trade? You need to change and you need to loosen up your thinking, or else, you ain't gonna make it.

Inserted Video



Peter
Real Trading is not gambling.
  • #1,822
  • Feb 22, 2021 2:00am Feb 22, 2021 2:00am
Quoting PeterCaleb
"PeterCaleb isn't the problem ..... the status quo is the problem." Low standards and huge assumptions. Standardized excuses and loads of circular thinking. You wanna trade? You need to change and you need to loosen up your thinking, or else, you ain't gonna make it. https://www.youtube.com/watch?v=WJPM-M_Z65o Peter

Who are you referring to?
  • #1,823
  • Edited 6:35am Feb 22, 2021 2:41am | Edited 6:35am
Quoting simnz
{quote} Speculative markets need people " with money" and people "with experience". After some time those with experience get money while those with money get experience. So try to learn free of cost from experienced people on FF seriously and use Facebook for chit chat and cater to boredom. Experienced people will always attract people wlling to pay for " effortless success" . When two willing adult persons having own expectations are making a deal, who are we to object.
FF model is clear to those who care to understand.

Freebie section is an Open forum where commercial agenda can't be pursued but private deals can be struck by contacting each other personally.
You can say it's a showcase for those seeking to win leads by providing signals, indicators, EAs and courses etc.
Obviously, the model is not working well because it is not attracting traders with experience and traders with money.
It is attracting gold diggers without having equipment to do so whether they want to trade or whether they want to attract buyers.
Now it is attracting video game players mainly because when you look at their profiles, the markets have currency controls and forex trading is banned.
Low cost Digital business (when social media was non-existent) was an illusion and all those who went on to set up their websites to sell signals, indicators, courses, EAs folded up fast .

Once in a while FF is blessed by visits from traders like Peter and handful few others who believe in emptying themselves before death by sharing their experience and knowledge with or without any expectations .

Commercial section is providing a platform for sellers. Obviously when the traffic consists of people with petty resources the sellers are not benefitted.

The forex trading brokering business itself has come full circle after two decades of MT platform introduction. It has proved to be a graveyard for desperate people looking for quick money. Programmers (now aka Developers) with no business acumen have largely got burned.

Who knows FF itself could be struggling to retain brokers supporting them by ads because trading business is dwindling.
Practice makes a person perfect
  • #1,824
  • Feb 22, 2021 4:15am Feb 22, 2021 4:15am
Quoting simnz
{quote} Once in a while FF is blessed by visits from traders like Peter and handful few others who believe in emptying themselves before death by sharing their experience and knowledge with or without any expectations . .
You would think that more people would recognise this sort of action and gratefulness respect and gratitude would go hand in hand with the giving, regardless of ones own personal opinion about the content being shared, but I guess its the type of world we live in now, where people would prefer to just gather in groups and throw shit, rather than read, observe and come to their own quiet conclusions.

In my opinion and experience, especially in business, if you have worked hard and suffered your way through to some sort of success, in the end, you begin to see it in other people when they genuinely go to share or give back what they have learnt, you understand the pain that was endured to gather the knowledge, but the problem is now, is that no one wants to work hard anymore, so gratitude is a rarity
  • #1,825
  • Feb 22, 2021 4:38am Feb 22, 2021 4:38am
The following is not for my benefit, but for everyone here. I learned a long time ago that it's kinda hard to trade the markets without any money. Whether it be that you've lost it all for some reason, or you simply don't have enough to get started.

* Please note I have no idea who has seen this before so I apologize in advance if you have.

I am quite similar to the guy in this in some ways, particularly, in the case of risk profile. Much of what I have contributed here in this thread is based on the idea of proper risk management LONG BEFORE you even start to consider "trade setups" etc. You can't trade without money in your account right?!

Hopefully, after watching this, people may understand why I showed what I did and why people have such a problem with it all, when you compare it to "everyone else" on this site.

Anyway here we go .....

Inserted Video


Peter
Real Trading is not gambling.
  • #1,826
  • Feb 22, 2021 5:03am Feb 22, 2021 5:03am
Quoting asset21
{quote} You would think that more people would recognise this sort of action and gratefulness respect and gratitude would go hand in hand with the giving, regardless of ones own personal opinion about the content being shared, but I guess its the type of world we live in now, where people would prefer to just gather in groups and throw shit, rather than read, observe and come to their own quiet conclusions. In my opinion and experience, especially in business, if you have worked hard and suffered your way through to some sort of success, in the...

Imposing themselves on someone else’s thread is also considered bad manners.
If your guru has some life changing advice then why not setup up a thread and run it as one see’s fit.
Or is that too much of a challenge.
I saw George’s trading, live with real accounts.
Absolutely zip from your guru so pipe down with the bull.
  • #1,827
  • Feb 22, 2021 6:29am Feb 22, 2021 6:29am
Quoting moodybot
I find human traits so interesting..... So do the powers that be that control financial markets...they know and understand human traits, fears, focus, expectation and with that knowledge they can 'arrange' the markets in their favour. Same with traders who post on Forex Factory... they generally behave the same way, whether they use one login or more. They can change the typesetting they use, colour ec but it's very difficult to change persona.. they always leave the same fingerprints. In conversation with another trader one or to previous aliases...
Hi Andy,

Definitely not fxprimate.

When you read fxprimate posts you laugh because they are so funny.

When you read petercaleb posts you laugh because they are so dumb, embarassing, full of nonsense.

Cheers,
B

PS hihihihihehehehehahahaha
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #1,828
  • Feb 22, 2021 7:15am Feb 22, 2021 7:15am
Quoting bfx17
{quote} Hi Andy, Definitely not fxprimate. When you read fxprimate posts you laugh because they are so funny. When you read petercaleb posts you laugh because they are so dumb, embarassing, full of nonsense. Cheers, B PS hihihihihehehehehahahaha
Possibly but hey...
  • #1,829
  • Feb 22, 2021 5:17pm Feb 22, 2021 5:17pm
Quoting moodybot
{quote} Possibly but hey...
Moodybot, remove the ignore to allow me give my take about algo on your thread which can benefit other members.
Know what you trade
  • #1,830
  • Feb 22, 2021 5:42pm Feb 22, 2021 5:42pm
Quoting BWilliam
{quote} Moodybot, remove the ignore to allow me give my take about algo on your thread which can benefit other members.
Done!
  • #1,831
  • Feb 22, 2021 9:40pm Feb 22, 2021 9:40pm
Here's something to think about ....

You're standing in the middle of a main road and there'a a HUGE B-Double convoy truck heading your way. You size it up and IT just keeps coming at you. It gets closer. You size it up again. It keeps coming. You have 200 tonnes of steel moving towards you at a rate of 100kms per hour/62 miles per hour. This "thing" moving towards you has the ability to destroy whole buildings with its sheer force and strength and you, are just standing there in the middle of the road staring at it.

Q - What needs to happen here so you don't become a blood stain on the asphalt?

Your BRAIN needs to engage and tell your body to move out of the way. Why? This is NOT a fight you can win head-to-head.

Let's get real here for a moment, social media has made people pretty damn stupid. A simple example like the one above should be an easy thing to understand and apply to any part of Life.

So let's say you understand the concept in the above example. And let's say you are willing to admit you are not as smart as you thought you were. What could you learn from the above scenario that would give you pause in your thinking? To realize that only a fool truthfully, is going to try and stand in front of that truck and "believe/think" they will survive.

You can call it survival instinct, or self preservation or whatever. But at the end of the day, your brain and body needed to work together to generate a healthy outcome.... both for YOU and for the truck driver who would have had to clean up all the blood and brains off their truck.

Understand what I am saying here?

To assume that what you do every day is "thinking". To assume that what you do when reacting to something you don't like is "justified".

Isaac Newton came to realize, that for every thing you are ignorant of, there is an equal and overwhelming force created that outweighs that ignorance.

You can see this in play all over the world. All over this site. People make the assumption that their "thinking" is ok, is good, is healthy. Yet, when pushed, you find out how ridiculous it all is. That many of these so-called 'established traders' are nothing more than information hoarders. When pressed, they prove they do not understand certain basic concepts that act as a natural 'divider' between false reality and real reality of trading. An easy way to appreciate this fact, is through their thinking.

I know for a fact I am not the only one who's noticed this.

When learning how to trade, you need to be able to separate "learn about trading" from "learn how to trade".

There is a very real difference but it has nothing to do with strategy or money.

Person A, who walks onto a site like this one will usually create a learning path like the following ......


Attached Image



Person B, who also walks onto a site like this one, CAN create the same path as Person A, OR, can choose to create a totally different path that would look more like this ......


Attached Image (click to enlarge)
Click to Enlarge Name: YOU and the world.png Size: 146 KB



The main difference is Person A assumes their thinking is healthy and normal, and will possibly never find out why they failed to succeed in their attempts at trading. Or, will spend years trying to "perfect" something, only to see that their time is up. The other destination for Person A is they learn a way to trade that makes them some money but can never be prepared for the future, because they assume the past will continue to repeat itself, without looking around to see the condition of the big wide world. Person A is using past-present thinking and is usually behind the curve when things go wrong.

However, Person B has realized that this idea of past-present is just an idea, it's not fixed to reality and real life on planet Earth. They realize there is a different way. The question is, would MORE information improve their situation?

After some time, Person B comes to understand that sometimes, more of the same is not better, What is needed is the right type of healthy foundation. But if the trading industry has no central hub for education, then how does a person get past the "about trading" stage and enter the "learn how to trade" stage?

After some pondering, they see that it's up to them alone to determine a way to learn what is real and not about trading. This seems the only way to protect their capital AND learn the ins and outs of what makes these markets think.

Beginners make the abysmal mistake of assuming that their peers know "more" than they do. And in some ways they're correct, those people have "more information" but is that information the type that will help build a real foundation?

Unfortunately, in most cases this is generally not true. Why? Information has to come from somewhere. And once a person understands that their peers did not author this information, they have to question whether the information will help build a good foundation, or if something else is needed.

Once the person understands that information is the last piece of the situation that is put in place, they can now move to a position where they have no preference of source, teacher, mentor, platform etc. Here they can be objective. And so no opinion can outweigh anything real and true unless it is tested and verified thoroughly first.

Becoming objective is hard for most people because people enjoy having and sharing an opinion without understanding its double edged blade.

If you look at the ingredients of an opinion, you can see - information, fact, rhetoric, good and bad impressions of past situations/experiences, poorly informed conclusions.

Mixed together there is no way to determine what is true and real.

So Person B decides that the only way to keep on track with being objective, is to plan a goal that will be at the centre of all their trading education and activities. Naturally the idea of money is something that surfaces here, however, seeing as money as a goal, is immaterial, or intangible at that moment, Person B requires something more substantial. At this point, Person B is being challenged to challenge what they "think/believe" they know about themselves. There will be questions about their character, motivations and their desired goals.

Something most people don't understand about trading is - it changes you. And not always for the better. But it DOES change you - in the ways you think, feel and behave. And these changes spillover into the rest of your life, regardless if you want them to or not.

So, becoming more objective also means you can learn more.

In the world of trading, when people talk about controlling your emotions, when done properly, you would be relaxed with your trading, not trying to force anything to happen or not happen. This is the difference in real life between - speculating and trading. Speculators will not admit they cannot control what's going on and so there is a void forming in them that KNOWS the truth but for whatever reason they choose not to be honest.

A real life trader has long since reconciled what is real and true and simply gets on with living.

Because I'm tired of trying to explain things I will offer this to anyone who still has their sanity and still has a head on their shoulders....

https://www.forexfactory.com/thread/...ke-on-trading?

https://www.forexfactory.com/thread/...d-for-thought?

https://www.forexfactory.com/thread/...alysis-fallacy

Peter

Attached File(s)
File Type: pdf PeterCaleb Forex Factory 23-2-2021.pdf   8.5 MB | 615 downloads
Real Trading is not gambling.
  • #1,832
  • Edited 11:17pm Feb 22, 2021 11:03pm | Edited 11:17pm
Quoting PeterCaleb
Here's something to think about .... You're standing in the middle of a main road and there'a a HUGE B-Double convoy truck heading your way. You size it up and IT just keeps coming at you. It gets closer. You size it up again. It keeps coming. You have 200 tonnes of steel moving towards you at a rate of 100kms per hour/62 miles per hour. This "thing" moving towards you has the ability to destroy whole buildings with its sheer force and strength and you, are just standing there in the middle of the road staring at it. Q - What needs to happen here...
I am still not clear why "guessing" can be considered speculation and exploring "probabilities"as trading.

In both cases scenarios are either sketched or played out of the mind.

Practitioners of both understand the wheel is not controlled by them. Nor can they do anything about it.

I am always confused by a thin line demarcating both.

Both are cool if you train your mind by practicing how to control impulsiveness and over-trading.

I have never visited any casinos but have always taken a gamble with decisions about career, business and family matters and not without having apprehensions. Still apprehensions have never derailed the decisions.
Practice makes a person perfect
  • #1,833
  • Feb 22, 2021 11:49pm Feb 22, 2021 11:49pm
Quoting simnz
{quote} I am still not clear why "guessing" can be considered speculation and exploring "probabilities"as trading. In both cases scenarios are either sketched or played out of the mind. Practitioners of both understand the wheel is not controlled by them. Nor can they do anything about it. I am always confused by a thin line demarcating both. Both are cool if you train your mind by practicing how to control impulsiveness and over-trading. I have never visited any casinos but have always taken a gamble with decisions about career, business and family...


For me,

I see guessing and exploring "probabilities" as very similar. Generic structure of a market is usually a good sign of what's to come. So I suppose if you are looking for a way to seek a limit that they share, that may be it. Yes I would rather gamble with imaginary money rather than my family.

Peter
Real Trading is not gambling.
  • #1,834
  • Feb 23, 2021 12:11am Feb 23, 2021 12:11am
Is not Peter...
guessing is based on subconscious mind, which two main factors play main role... fear and greed (dopamine), probabilities is based on mathematical calculations...
  • #1,835
  • Feb 23, 2021 1:03am Feb 23, 2021 1:03am
Quoting BlackNapkins
Is not Peter... guessing is based on subconscious mind, which two main factors play main role... fear and greed (dopamine), probabilities is based on mathematical calculations...


I'm very aware of that, it's not what I meant, but I know what you mean.

Peter
Real Trading is not gambling.
  • #1,836
  • Feb 23, 2021 1:16am Feb 23, 2021 1:16am
Working with probabilities is similar to handling King Cobra snakes...... CAN be done but you need practice in understanding where the "truth-speculation" line is drawn. I know that lots of people have their own idea of this subject, however, if you go too far down that path you'll be "seeing" trades that aren't really there, because you think the 'numbers' look right/good.

Most people seem to forget that trading is not about number crunching or something else, it's about ALL of it. Too much of one thing will screw up the entire plan.

Probabilities can lie just as much as fear or greed. Especially when those prob's are not based on real life but based on incomplete awareness of the worldly environment you're living in.

Peter
Real Trading is not gambling.
  • #1,837
  • Feb 23, 2021 1:23am Feb 23, 2021 1:23am
If you are finding it hard to settle on a decent Risk - Return policy for your trades, but do not wish to "miss" a good trade, then just drop to M5 or M1 or Tick Totality chart and always start from the edge. This will magnify your intention area and the added benefit that presents is, you'll see more closely what the broker is up to, if you're into that sort of thing.

Peter
Real Trading is not gambling.
  • #1,838
  • Edited 5:41pm Feb 23, 2021 2:10am | Edited 5:41pm
For those who are sick of stealth marketers mentally masturbating all over this highjacked thread, here is a risk profile that a trader can actually use.

1. Take your working capital and divide it in half
2. Take that capital and divide it into quarters, this is your tier size initially.
3. On trend continuation or trend reversal, open your first tier.
4 Your initial stop will be no more than 1% of total capital
5. As the trend progresses, add on with trend signals until your position size is reached.

See how easy that was? No new age thinking or pontification needed.

Things a trader can actually use, and not huge piles of bovine excrement.

Educational purposes only and all that.

Jim
If you are good at something, never do it for free--Joker
  • #1,839
  • Feb 23, 2021 2:24am Feb 23, 2021 2:24am
Quoting jmn5611
For those who are sick of stealth marketers mentally masturbating all over this highjacked thread, here is a risk profile that a trader an actually use. 1. Take your working capital and divide it in half 2. Take that capital and divide it into quarters, this is your tier size initially. 3. On trend continuation or trend reversal, open your first tier. 4 Your initial stop will be no more than 1% of total capital 5. As the trend progresses, add on with trend signals until your position size is reached. See how easy that was? No new age thinking or...



Uuuum sir, I'm new here. I don't know much but I'm trying. I thought we should only trend trade the big time frames like the monthly and weekly. So .... we can trend trade the smaller time frames too? I just looked at the H1 chart on uuum, what is it again. oh yeah mt4. You say trend right? Uuuuum sir, all I see is move up then a little sideways then up more then down then up again. Am I doing it wrong or do I need glasses?

I don't get it sir. It doesn't look like they trend much or for very long. Are you sure we should do it that way sir? I don't have much money. And I can't afford to get it wrong too many times.

Oh and I wanted to ask please - what's a stealth marketer? Is that a type of indicator or one of those fancy Ea things?

Please sir, I need answers. I must be doing something wrong.

Can you hhhhelp me Jim?

From your friend

Peter
Real Trading is not gambling.
  • #1,840
  • Feb 23, 2021 2:28am Feb 23, 2021 2:28am
No need for silly trollops to assume they understand anything. It's not new age or any age jim. It's been around since fire was invented. It's called thinking.

It's Ok really. Jim. Years from now perhaps you'll get it. Mmmm or maybe not.

Peter
Real Trading is not gambling.
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