(binned per thread starter’s request) 29yrs Trading & Still Here

Thanks

I also recommend Elliott Wave Simplified by Cliff Droke. Sorry i dont have the pdf for it

Thanks I have one too but this one might be simple to und than the one I have I will study it

Study what i said about Liquidity. If you only use liquidity zones you will make a lot of money. Its easy, or easier than most strategies. Post 68, also look at the second chart in Post 40. the red lines are Daily Liquidity and the Blue lines are 4hr liquidity

This is how my GU chart looks, some easy easy trades

pls where can I find post 68 and 40 where you talked about liquidity

scroll back thru the posts, the post number is on the rop right hand side of each post

Apple Daily with some marked up areas as more of a question than fact. Interesting thread so far!

I dont trade stocks these days. Had a bad experience with them about 27yr ago. Cant remember the stock i was in and i had only floated my account with another 5k the previous week. Anyway by the end of the day i was up over 3k so i left it thinking next day i would be up 5 or 6k on the position. I didnt think about earning / guidance etc and was waiting for market to open next day. When it did price was just the same and over the next 30mins it didnt move. Thats when i happened to notice my balance at zero. Price gapped down a mile. Earnings were bad along with guidance We live n learn the hard way

No problem.
Here is a 4Hr EURUSD

GU update -- hit target

GU bounced right where it shoulda

HOW MUCH DOES A PRO TRADER MAKE ???

the answer isnt that complicated. Bank traders, institutional traders are making a lot. Some millions -- these are the Bank traders, they get a monthly wage and a bonus eoy.

But as a retailer how much do you need to make ?? ---- Lets put it this way, if the weekly average wage is lets say 500 £ $ or euro then at the end of the week you have to pay yourself that amount every Friday even if you have a bad week. If you are working in Starbucks they pay you 500 for your 45hrs (maybe a bit less) So as a Professional retailer you need to pay yourself. YOU HAVE TO.

I have bad weeks, everybugger does. Dont let anyone tell you different. So if i lose 2k this week i still have to pay myself today. Next week i dont go chasing the 2k i lost last week + the wages. I just focus on the new week. If i lose 2k this week i still have to pay myself again on Friday. and again i dont go chasing those losses the next week. But i only need 1 good week to put me ahead

Now if your a beginner then obviously you have a job and trading in your spare time trying to figure this shit out. Its bloody hard but keep at it. Yes your gonna blow up accounts. Thats how you learn. So keep your balance small because you will lose it. Then at least you can refund and start the process again. WINNERS DONT QUIT.

TRADE FOR PIPS NOT MONEY WHEN YOUR STARTING --- IF YOU CANT MAKE 1000pips at 0.01 YOU AINT GONNA MAKE IT WITH A MILLION DOLLAR ACCOUNT

I just said to my self29 whole yrs in trading and still trading? he might have seen many things and have many experience the good one and the bad ones and he might have achieve many things in life too through trading then if so I will achieve something too,with all this been said I just want you to know how to trade and and make a living from it as well.I have blown many account and I dont want to get another one blown,the day before yesterday and yesterday I did not sleep DESPITE that Im trading a demo account why im saying all these is just to let you know that every thing you post will be useful for me if not for any other person I want to be this kind of trader thet will trade with no indicator

If you want i can jump on zoom with you. Not sure if i can send a zoom link thru PM tho, havent tried it before. if your on telegram i can do it that way. And if anyone else wants to join you can

PS. if you cant sleep with a position on your size is too big. Its easy to get Greedy. i know -- i was that guy. I remember going 2 days without sleep cause i had too big a position on. I watched every tick on the chart all night long, then all day the next day and the next night, i was knackered. And after all that i still took a big loss. But losing so much i knew i had to change something

PS. if you cant sleep with a position on your size is too big. Its easy to get Greedy. i know -- i was that guy. But losing so much i knew i had to change something[/quote]

That is true and logical, but why can we never see it ourselves, it always seems to take someone else to point it out, even the simplest of things sometimes to wake you up and change your thinking and trading. Mr T is that guy for me, a few things you've said over the last pages have resonated with me and are sinking in, for this i am very grateful mate.

That is true and logical, but why can we never see it ourselves, it always seems to take someone else to point it out, even the simplest of things sometimes to wake you up and change your thinking and trading. Mr T is that guy for me, a few things you've said over the last pages have resonated with me and are sinking in, for this i am very grateful mate.[/quote]
Thanks Chips.

Let me tell you this tho --- i can show you how itrade, what i trade and why im long or short the pair. But that doesnt mean you will be able to replicate it. Hopefully you can and even do better and then i will be asking you to show me how to trade. Getting to a point of profitability takes a helluva long time, a long long time. Emotions, Discipline all come into it and were all wired differently. I think its how i handle losses that have kept me in the game. IM A GOOD LOSER and accept losses now. In the past i was a bad loser and would add to losers thinking i was better than the market. Losses and time in the market is the best teacher

About 25yrs ago i was hitting something like 65% hit rate. Now most would be thinking WOW, fucking brilliant. Well it wasnt, the other 35% losses was just keeping me over break even. so something had to change so i took time off to figure it out again. If youve been trading a short time then you have a lot of time to spend learning -- this is not a get rich quick game, i wish it was. But if your prepared to work your ass off its achievable .

I still spend weekend analysing every pair just to see if i have an edge next week. i mark up all my charts or 20+ currency pairs and thats the amount of time, work and patience you need. Like i said this aint easy

a few things you've said over the last pages have resonated with me and are sinking in, for this i am very grateful mate.[/quote]

Thats why i started this thread so hopefully some will see themselves here by sharing my own experiences. So your not alone, what youre going thru i myself and every other profitable trader has been thru it. Unless they started out at a bank then they would be ahead of the crowd. So dont beat yourself up too much about it

Let me tell you this tho --- i can show you how itrade, what i trade and why im long or short the pair. But that doesnt mean you will be able to replicate it. Hopefully you can and even do better and then i will be asking you to show me how to trade. Getting to a point of profitability takes a helluva long time, a long long time. Emotions, Discipline all come into it and were all wired differently. I think its how i handle losses that have kept me in the game. IM A GOOD LOSER and accept losses now. In the past i was a bad loser and would add to losers thinking i was better than the market. Losses and time in the market is the best teacher About 25yrs ago i was hitting something like 65% hit rate. Now most would be thinking WOW, fucking brilliant. Well it wasnt, the other 35% losses was just keeping me over break even. so something had to change so i took time off to figure it out again. If youve been trading a short time then you have a lot of time to spend learning -- this is not a get rich quick game, i wish it was. But if your prepared to work your ass off its achievable . I still spend weekend analysing every pair just to see if i have an edge next week. i mark up all my charts or 20+ currency pairs and thats the amount of time, work and patience you need. Like i said this aint easy [/quote]

yes mate, those few simple nuggets that you've dropped into plain sight got me thinking why i blow accounts, it was because of simple greed, so i re adjusted my thinking and my lot size. i was thinking about what you said, if you can't make 1000 pips at 0.01 lot size over a quarter, how are you going to do it with a bigger one!. I can't change the way i trade because that's me, i am a very contrarian trader, when other people are selling i'm buying and when other people are buying i'm selling, that's just me i'm afraid. But i tried it today and was gob smacked at the results. I tried it on a demo from my live account to see how it went, because i'm thinking of your little personal challenge of opening a small spread bet account with pepperstone. Because of the way i trade i have to wait a lot of the time for price to come back to me, but today the experiment went as follow's, in pips gold- 2496.5, EUR/NZD-186,GBP/JPY-144.7,EUR/USD-115.1,GBP/USD-168.9 , so total of 3112 pips. I still have a floating loss at this time of 1808 pips, but because of the 0.01 lot size i don't care, because it's only worth £175 down on £290 profit!. I know no one will believe these figures but i don't care, because i can see them on the screen in front of me, just got to see if i can repeat this process again. Oh, and yes i can sleep like a baby with that, cheers mate for opening my eyes.