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  • #21
  • May 5, 2024 10:40am May 5, 2024 10:40am
Hello everyone and sorry if I use the translator.... Now I know that my answer will not be appreciated by many but it is my experience and each of us has our own. No one will help you on this journey. Anything can work to make money in trading. There are those who earn by selling and at the same time those who earn by buying, for some books may be useful, for others a mechanical strategy, for others a mathematical approach etc etc. I always try not to criticize other people's methods because if they really make money then that's fine. Personally, however, I don't think I can find the holy grail in a book or in a mechanical strategy. I have never given money for signals, much less for a course (as in all sectors, from personal experience I know that those who sell courses only because they have not succeeded in what he wanted). I don't even understand why so many people here on ff talk a lot but don't show a commercial explorer. Perhaps out of fear of revealing their strategy? Would anyone really be able to understand her? Lately I've been following techknow and I really like his approach, he seems like an honest person I recommend him. I myself have a commercial explorer, why? Share what I can, meet other serious people who want to do the same job as me in order to acquire new knowledge and points of view. (unfortunately I don't like posting, I see too many attacks on those who have a different way of thinking than his). Finally I believe that no one will give you anything because they can't! And those who are truly millionaires will not be in this forum chatting because they are busy making money. You have to find it on your own, it's a question of sensitivity, knowledge, of how you approach money, of psychology but not the one written in trading books and of experience of thousands and thousands of hours observing every single instrument.. It's an art and it's no different than other jobs. Good luck, STEVE.
The measure of intelligence is the ability to adapt!
  • #22
  • May 5, 2024 12:51pm May 5, 2024 12:51pm
Quoting mtako
{quote} Dear aspiring trader, What has caused you so many problems is also what you are asking for in the end of your post. In as few words as possible, what are you looking for exactly? Warmest regards, {image} {image}
The simplest method to earn money, the simplest mentor with the simplest strategy etc, but it should be worth it ofc
IgorFX
  • #23
  • May 5, 2024 1:34pm May 5, 2024 1:34pm
Quoting keyman.
{quote} The simplest method to earn money, the simplest mentor with the simplest strategy etc, but it should be worth it ofc
i am the simplest imo. Im simple and dumbasfuck, so keep going over your zoom recording. it will take you months not days to figure it out. Keep backtesting every pair, then forward test only using demo account
  • #24
  • May 5, 2024 1:46pm May 5, 2024 1:46pm
Quoting keyman.
{quote} The simplest method to earn money, the simplest mentor with the simplest strategy etc, but it should be worth it ofc
Don't take this the wrong way. This is friendly advice, nothing negative... even though you precisely said not to want this type of advice, that is what I generously share with you, in the hope that you might reconsider your way of approaching trading.

Right now, what you are looking for will slow you down considerably, and even more so, the further it is to reality. But how am I to know how far? Well no matter how far you are, keep in mind that every professional trader has been there also, and never forget that !

But you are young(not that again!but its the truth, you have the luxury many do not), you have plenty of time to discover that what you are looking for is not what works in the long-run.
And open-minded enough to realize that such method, mentor, strategy might not even exist.

And if so, what remains?

For you to do the work yourself, one baby step at a time; to stop and think, rather than sprint, to develop a love for the marathon, and go back to the basics and nothing else: price, just a clean blank chart with Mr. and Ms. Price making their dance moves

You have the time and energy and, clearly, the intelligence to do the work necessary to develop an approach that will give you a very healthy and prosperous career. Keep an open-mind. Keep on working hard while studying what you are trying to exploit (for us traders, that would be PRICE), and you should get there one day.

And I disagree also with your mention about lacking imagination. Imagination is like any skill, it can be developed, and it must. Especially when working with price. Because, in time, price dynamics change, and so does one's approach to price, if one must continue to exploit it consistently enough. Adaptation and diversification are the words...

You have realized that you have fallen in a rabbit hole. You were looking in so many directions, guided by the infinite loop that can be the internet(I myself feel extremely lucky to have been initiated to trading before the internet was even available in every household!!! I had only a chart to discover, not a million videos, mentors, promises, holy grails, etc. SO I was already CLOSER to the truth of what was possible, right from the start, contrary to what many, like you, are living, most often getting pulled AWAY from reality, from what is possible in regards to price exploitation)

BUT It is not too late to stop repeating the same mistakes over and over again.

How about keeping your eye on the ball?

PRICE

The longer you study Price, and scientifically, the more you will learn of ways to exploit its movements.

Try not only to focus on different things but differently.

And as you know, the only ball that exists is Price, the fluctuations of which are exploitable.

Pick your instrument of choice and study it.
Download 20 last years of one instrument and ...
GET OFFLINE.

That is right, get off the internet and study. And learn.

You want to be a trader, correct? Well, that is what traders do. Work with price. And for that, they need to know the ins and outs of PRICE. That is the bear minimum. After that, there is more, like risk management, diversification, managing of considerable private funds, etc.

Your post makes it clear. So many things are keeping you away from what you are trying to understand. They are overloading your senses and thoughts and directing you into unfounded beliefs.

Also, count all the hours spent looking for answers in videos, mentors, etc. Imagine having spent all that time, energy and effort studying the only thing that holds the answers : price itself.

Spending all those hours with a chart

Ok, apologies for the rambling, its late but I just felt like giving you my 2 cents, just in case. A lot more in details in my past posts, in case you are curious...

Cheers and good luck mate, and I say that with all sincerity and care!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #25
  • May 5, 2024 1:51pm May 5, 2024 1:51pm
many are lucky to have gotten here at same time as you and others oh so generous with their time!!!
Quoting T721
{quote} i am the simplest imo. Im simple and dumbasfuck, so keep going over your zoom recording. it will take you months not days to figure it out. Keep backtesting every pair, then forward test only using demo account
Alas, simple for one is too complicated for so many others. Even more so today, where I meet less and less people with an attention span. But I know it is not entirely true. I know all have it in them. I just wish more took a little longer and a little more thoughtful steps before quitting or changing direction, again, like a good sideways market
Our humility is inspiring! Cheers T721!!!
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If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #26
  • May 5, 2024 1:57pm May 5, 2024 1:57pm
Quoting T721
{quote} i am the simplest imo. Im simple and dumbasfuck, so keep going over your zoom recording. it will take you months not days to figure it out. Keep backtesting every pair, then forward test only using demo account
looking forrwaed to some zoom sessions when u r back from r&r. If u have recording from past zoom u may help would highly appreciate. Link.
  • #27
  • May 5, 2024 2:14pm May 5, 2024 2:14pm
Quoting mtako
{quote} Don't take this the wrong way. This is friendly advice, nothing negative... even though you precisely said not to want this type of advice, that is what I generously share with you, in the hope that you might reconsider your way of approaching trading. Right now, what you are looking for will slow you down considerably, and even more so, the further it is to reality. But how am I to know how far? Well no matter how far you are, keep in mind that every professional trader has been there also, and never forget that ! But you are young(not...
  • #28
  • May 5, 2024 2:31pm May 5, 2024 2:31pm
I have learned something from each person I studied. I have then taught myself to successfully trade, mostly with Youtube videos. I am willing to use any resource that is available to me, but be aware that brokers don't make money on successful traders and might just kick you off their platform! (Ever thought of that?)

So my free advise is to 1. always determine the trend and 2. only trader trade in that direction.
Thanks for an interesting thread.
  • #29
  • May 5, 2024 2:56pm May 5, 2024 2:56pm
Quoting Cranium
I have learned something from each person I studied. I have then taught myself to successfully trade, mostly with Youtube videos. I am willing to use any resource that is available to me, but be aware that brokers don't make money on successful traders and might just kick you off their platform! (Ever thought of that?) So my free advise is to 1. always determine the trend and 2. only trader trade in that direction. Thanks for an interesting thread.
Beautiful!

Not closing the door on anything until you have done the work, their thorough analysis.
It gave you valuable bits and pieces of what finally became your trading.

Open-mindedness in the works

Well done mate and thanks for sharing!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #30
  • Edited 5:20pm May 5, 2024 3:14pm | Edited 5:20pm
Quoting keyman.
Hello, everyone. In this thread, I would like to talk about my biggest problem. I do not understand, for instance, there are Forex traders, Guru traders, who allegedly want to help. They are millionaires. They offer their signals, and at the same time, they are all very popular and in high demand. But why is that so? And many of them, like MambaFX, for example, seem to refund money for signals. I do not want to; I have never given money to signal providers because I understand that I should not do this, as I am not earning now because I am too young....
Like fellow members said "those who can't do, teach"

I also feel the same way about schools and universities etc. I am a university student myself, but i do realise that most of the teachers wouldn't survive outside of school. Hell, even my economics teacher asks me how i trade my money profitably

Do you remember the days when you were a student? Remember teachers always solved the easiest problems as an example but left you alone with the hardest math problems? That also applies to trading & investing gurus and mentors.

I am trading for 6 years, i had my fair share of failures. Tons of actually. But i realised failure is the best teacher. Literally, failure taught me more than my teachers or my parents did.

So first you gotta embrace failure, you need to accept that it's the best teacher, you need to love it. God i love failure. It's like the very hot teacher you always wanted to have your way with Strict, wise, sexy. I know i may sound crazy (occupational deformation) but it's the only way to success.

Yeah some of us can give you tips and tricks here and there with trading, but it's your own journey. There's no "one size fits to all" solution to this. It is a tough journey towards your mind, imagination, psychology, patience. It all starts and ends with you.

Throughout the years i tried almost everything. Like most of the newbies i started with learning TA. Tried Supply & Demand, thousands of indicators, support resistance, you name it. I tried it all.

Then i took things a bit further and decided to pick economics as my major in uni. Got into fundamental analysis, tried almost every combination, every theory that i read about and tried my own theories. In the end i found my style and sticked with fundamental analysis.

It didn't happen overnight, i have put 1 tip to my pocket from every single experience along the way. Now looking back, i have 1000 tips and tricks up my sleeve but that's the result of putting 1 tip at a time. I even write everything down, in case i forget it. I write down every theory, every opinion that comes to my mind. Then i test it and write down the results. Now i have a big textbook at home full of my trading experiences. Laying down all my thought processes and results, conclusions. And remember, we cannot expect a different result if we are trying the same thing over and over again.

As a profitable trader, i am not a millionaire by far. I make enough money to support myself, but that's all. Yeah i have some friends that i try to share my trades, experience with. But i do it for free. Because i am fully aware that the market changes every month & year. What makes money now, may not make money in the future. I had a great run in 2022 for example, predicted the recession and all. Made thousands of pips. However it all ended when market structure changed again in early 2023. Then i came up with a different approach. Probably next year i will move on to a different approach. Times change.

So in this dynamic conditions, i think it's dishonest to sell courses and selling dreams to people. There's no guarantee that the knowledge will stay relevant for a long time.

And imagine if i was a millionaire, would i sit on my butt trying to share my signals on discord & telegram? Of course not. If i was a millionaire trader i would rather party in my yacht with hookers rather than sitting on my butt all day in front of the screen, trying to explain things to 100 people only for 50$ per subscriber? I think that's miserable and no profitable trader would bother with it let alone a millionaire trader.

Like bro even billionaire hedge fund managers close their portfolios to newcomers because he doesn't want to be bothered by communicating with new investors.
You have to have an IQ higher than 90 to interact with this user.
  • #31
  • May 5, 2024 3:18pm May 5, 2024 3:18pm
Quoting Nordling
{quote} Like fellow members said "those who can't do, teach" I also feel the same way about schools and universities etc. I am a university student myself, but i do realise that most of the teachers wouldn't survive outside of school. Hell, even my economics teacher asks me how i trade my money profitably Do you remember the days when you were a student? Remember teachers always solved the easiest problems as an example but left you alone with the hardest math problems? That also applies to trading & investing gurus and mentors. I...
  • #32
  • May 5, 2024 3:36pm May 5, 2024 3:36pm
Excellent experience sharing Nordling !!!
Quoting Nordling
... i realised failure is the best teacher. Literally, failure taught me more than my teachers or my parents did. So first you gotta embrace failure, you need to accept that it's the best teacher, you need to love it. God i love failure. It's like the very hot teacher you always wanted to have your way with Strict, wise, sexy...but it's your own journey. There's no "one size fits to all" solution to this. It is a tough journey towards your mind, imagination, psychology, patience. It all starts and ends with you....In the end i found my style and sticked with fundamental analysis. It didn't happen overnight, i have put 1 tip to my pocket from every single experience along the way. Now looking back, i have 1000 tips and tricks up my sleeve but that's the result of putting 1 tip at a time. I even write everything down, in case i forget it. I write down every theory, every opinion that comes to my mind. Then i test it and write down the results. Now i have a big textbook at home full of my trading experiences. Laying down all my thought processes and results, conclusions. And remember, we cannot expect a different result if we are trying the same thing over and over again....
Quoting Nordling
...I had a great run in 2022 for example, predicted the recession and all. Made thousands of pips. However it all ended when market structure changed again in early 2023. Then i came up with a different approach. Probably next year i will move on to a different approach. Times change. So in this dynamic conditions, i think it's dishonest to sell courses and selling dreams to people. There's no guarantee that the knowledge will stay relevant for a long time...If i was a millionaire trader i would rather party in my yacht with hookers rather than sitting on my butt all day in front of the screen, trying to explain things to 100 people only for 50$ per subscriber? I think that's miserable and no profitable trader would bother with it let alone a millionaire trader. Like bro even billionaire hedge fund managers close their portfolios to newcomers because he doesn't want to be bothered by communicating with new investors.
Nordling, I love you because you are always true to yourself, here is you on your yacht!!
Inserted Video
Cheers mate and don't you ever stop!!!
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #33
  • May 5, 2024 3:50pm May 5, 2024 3:50pm
Quoting mtako
Excellent experience sharing Nordling !!!{quote}{quote}Nordling, I love you because you are always true to yourself, here is you on your yacht!! https://youtu.be/CQjgl7reDUk Cheers mate and don't you ever stop!!!
Hahah thank you so much man! Same for you as well! You are one of the most humble guys here despite being a very influential, successful trader. Hats off to you sir
You have to have an IQ higher than 90 to interact with this user.
  • #34
  • May 6, 2024 3:27am May 6, 2024 3:27am
Quoting mtako
{quote} Don't take this the wrong way. This is friendly advice, nothing negative... even though you precisely said not to want this type of advice, that is what I generously share with you, in the hope that you might reconsider your way of approaching trading. Right now, what you are looking for will slow you down considerably, and even more so, the further it is to reality. But how am I to know how far? Well no matter how far you are, keep in mind that every professional trader has been there also, and never forget that ! But you are young(not...

Thank you for this advice, but please don't take this personally or be offended, I still think that this advice sounds like something from an Instagram feed. Like, you need a strategy, study the strategy. But it sounds so vague, I don't understand the specifics, what exactly I should do. Here I am, looking at a chart, what do I do next? I can't imagine. I need some standard actions; I can't keep inventing something new for myself, because if I do, I won't get anywhere. Is that so? I need some kind of pattern, and is there even such a pattern? Because whenever I look for patterns in trading, like, say, a trend might break, and yes, it might continue, I always end up at a loss because when I think a trend wants to break, of course, it doesn’t, but the price follows the direction of the trend. And when I think it wants to continue, of course, the trend breaks. Just like that.
IgorFX
  • #35
  • May 6, 2024 3:35am May 6, 2024 3:35am
Everyone mostly talks about how I need a strategy, how I should think long-term. They keep giving me general advice, which I would have mastered perfectly by now if I had some specific actions, a specific template to follow. I don't think that 80% of trading is psychology and 20% is strategy. No way, it’s actually 80% strategy and 20% psychology. Because what the hell am I supposed to do if I don’t have a strategy? And by strategy, I mean a specific pattern of actions. If that’s not the case, then it seems in trading you need to reinvent the wheel, constantly come up with something new. I can interpret the chart in any way I like. I can see different patterns. I don’t even understand the concept of liquidity, since liquidity is present on the chart everywhere. And when the price suddenly goes somewhere, am I supposed to sell abruptly? It must have been a liquidity grab by the price. So, should I be selling? No. And people somehow filter certain entries, filter exits. You can’t even tell which exit is correct, which entry is correct. The same goes for support and resistance levels. These levels of support and resistance are almost on every mark on the chart. You could just draw them on everywhere.
IgorFX
  • #36
  • May 6, 2024 3:41am May 6, 2024 3:41am
Quoting T721
{quote} i am the simplest imo. Im simple and dumbasfuck, so keep going over your zoom recording. it will take you months not days to figure it out. Keep backtesting every pair, then forward test only using demo account
Look, here's what I don't understand. Even looking at this chart, what am I supposed to do? Should I be selling or buying every time the price goes below or above this candlestick, depending on the direction of my future entry, where I want to get in, in general. And then, as soon as the price crosses the boundary of the candlestick's body, I constantly need to enter either a sell or buy. Just, according to your strategy, I could enter almost on every candlestick there, but for some reason, you choose certain specific instances. And I don't understand what these specific instances are about. When I backtested your strategy, unfortunately, it was chaos, and I'm at a big loss. I would say that I blew the deposit, probably about 500 times when backtesting.





No, it's not because I risked too much, but because there were too many losing trades. I'm good with the basic concepts. I risk as little as possible, and what I lack is a strategy, which for some reason is very hard for me to obtain, even though everyone says it's easy. Also, by the way, don't be offended, but I wanted to talk to you about our Zoom call. First, I couldn't find my recording, which should have been saved on my computer. And second, from what I remember, I was overwhelmed by the information you gave me because you seemed to be giving me different concepts. One was liquidity, another seemed to be some kind of retest, I don’t remember. But I decided to stick with the concept you showed me at the beginning of the Zoom call. And this concept was precisely about liquidity, when a candle on the daily chart goes above another candle, and then the price sharply goes down, closing below the body of the previous candle, and I enter a sell. And, correspondingly, a similar situation for a buy. There were losses on da backtest
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IgorFX
  • #37
  • May 6, 2024 3:50am May 6, 2024 3:50am
Quoting Cranium
I have learned something from each person I studied. I have then taught myself to successfully trade, mostly with Youtube videos. I am willing to use any resource that is available to me, but be aware that brokers don't make money on successful traders and might just kick you off their platform! (Ever thought of that?) So my free advise is to 1. always determine the trend and 2. only trader trade in that direction. Thanks for an interesting thread.
and the trend decides to break and this happens most of the time. When i enter it does break , n im not making this up it is what it is
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IgorFX
  • #38
  • May 6, 2024 4:15am May 6, 2024 4:15am
Quoting Nordling
{quote} Like fellow members said "those who can't do, teach" I also feel the same way about schools and universities etc. I am a university student myself, but i do realise that most of the teachers wouldn't survive outside of school. Hell, even my economics teacher asks me how i trade my money profitably Do you remember the days when you were a student? Remember teachers always solved the easiest problems as an example but left you alone with the hardest math problems? That also applies to trading & investing gurus and mentors. I...
This is probably the most interesting and coolest post on this topic. Thank you for it. But still, I don’t understand what your specific actions are? So, you studied a bunch of strategies, and then you moved to fundamental analysis. What next? I understand it’s a psychological thing, that you can’t reveal your strategy, your brainchild, to someone else. But still, I don’t get this. Money won’t depreciate. You could say at least something. So, could you please give me some specific actions of yours? Not necessarily a strategy. What exactly did you study? Because saying that you studied, and actually studying, are different things. I hope you will give me some guidance. I'm not saying it will definitely help me, but I think that while I'm learning, I'm gathering information, filtering it. By the way, I’m currently a student myself, studying at the faculty of management. I think it will help me not only in terms of managing people but also in managing myself, which is most crucial in trading. Maybe I'll even create my own group later, I don’t know, a Discord or Telegram group, where I will deceive people, and my management skills will certainly help me in that too. I constantly notice that each time, even from one mentor, different information is conveyed. Not only that, but also in this topic, many people have written, and everyone has different experiences and advice. What do I need to do? From what I’ve read here, I really didn’t grasp anything because they advised me either what I already understood or what could possibly be explained to me, but cannot be done because, as I said earlier, if people show their method, their template, then the dollar would cease to be a currency because keyman would start making an absurd amount of money, and the statistics would break, that 95% of traders would start not losing, but earning. Look, to imagine myself and answer the question whether I would reveal my strategy, I would probably say no, but what would I do? Probably, I would give some advice that actually works and with which no other advice is needed. And when the advice is different, it gives me the impression that some people earn and some do not, and I need to find out again who earns and who does not, by finding out whether this advice is truthful or not. And most importantly, if there are people here who are not earning and they are giving advice, I really don’t understand them, but I hope that everyone here is earning. And why can't I use someone else's system and just copy their actions?


You mentioned that we can't expect good results if we keep doing the same thing, meaning, if we keep trading with the same strategy. But why is that? Suppose we even go to the MQL site, where they sell various indicators and advisors, some of which have reviews. These reviews are quite positive. Most importantly, when you trade using these indicators, the indicators remain the same indefinitely. So, you keep trading, and I see reviews from, say, 2016 to 2024, all rated five stars. Every year this indicator works. Or, I don't know, maybe the advisor. But the thing is, you have to pay money. And this I haven't tried, actually, all these indicators and advisors, they are expensive. And when I've already gained this experience from mentors to whom I paid money and received nothing in return, buying indicators and advisors didn't become a habit. But since many people here have written that there's no such thing as a free lunch, I think it might be worth trying to purchase something. What do you think?
IgorFX
  • #39
  • May 6, 2024 4:19am May 6, 2024 4:19am
Quoting keyman.
{quote} Look, here's what I don't understand. Even looking at this chart, what am I supposed to do? Should I be selling or buying every time the price goes below or above this candlestick, depending on the direction of my future entry, where I want to get in, in general. And then, as soon as the price crosses the boundary of the candlestick's body, I constantly need to enter either a sell or buy. Just, according to your strategy, I could enter almost on every candlestick there, but for some reason, you choose certain specific instances. And I don't...
you need to go over the recording till your sick of listening to me. you havent watched it once yet so you aint gonna have a clue how to back test yet. you need to watch it 20,30,40 times then backtest. you are putting the cart before the horse. when i record and save it, the recording is stored on my desk top. dont know where you will find it on your machine but check through your whole system, it will be there
  • #40
  • May 6, 2024 4:20am May 6, 2024 4:20am
Quoting T721
{quote} you need to go over the recording till your sick of listening to me. you havent watched it once yet so you aint gonna have a clue how to back test yet. you need to watch it 20,30,40 times then backtest. you are putting the cart before the horse. when i record and save it, the recording is stored on my desk top. dont know where you will find it on your machine but check through your whole system, it will be there
and check all the charts i posted today in my thread, they will help you
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