Disliked{quote} About the best way, imo the best way to everyone of us is the one we individually know best, done it day in day out. Best way is a private thing. Best way is based on the deepest core of our belief how this market work. As an example the deepest core of my belief is that there are some price moves that goes against the master algo math intent. Such moves create invalid under/over valuation where the market will eventually correct itself. I exploit such moves to make entry with low risk then ride out the current market sentiment. If you look...Ignored
I appreciate the way you speak about the market and this master algo theory. It boarders on religious. Which is great. Your beliefs lead you to profits. Amazing. So many different ways to trade the same markets. My story in Forex is over 20 years old but in a nutshell there isn't much I have not tried. I came to the conclusion that, for myself, indicators are not only a crutch, but a waste of time. Many traders put a lot faith in indicators.
The only thing on my chart is a SMA 50 and a SMA 200. Why? Because they are psychological indicators on the daily charts. They do not effect my trading unless price is hovering around them. I do not use them to trade more gauge what BIG MONEY is doing.
Now I have mostly left the Spot Market for the Futures market. More so to trade commodities and the like. Despite everything telling me not to , I continue to enjoy chatting with other traders. It is hard to fund humble traders who are open to understanding that they are not always right. That we can both be right. That do not have an ego. The thing is the type of person who can actually be successful at trading must be crazy, confident, defiant and head strong. Not exactly humble lol. I do try my best. I try to not get into arguments with people. I try to pass knowledge. I am always learning both about me and the market.
- Ric
Be humble or get humbled
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