Always a Student, Never a Master - Emulate What Works
- #9,561
- Jan 27, 2025 5:16pm Jan 27, 2025 5:16pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
- #9,563
- Jan 27, 2025 6:54pm Jan 27, 2025 6:54pm
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
{quote} I'm sure this is a loaded question that I'm gonna ask... But while learning forex I come across so many different things around the internet. E.g; The Red/yellow/orange folders on this site. Ig Client Sentiment. Daryl Guppys Top volatile pairs list. ECT ect.. Do you take any of these into account when trading?? Or does adding stuff like that start getting away from the "Trading Made Simple(r)" type of mentality?
I have had many, many brokers throughout the years and they have most often gravitated towards me because they see my trading results and about 98% of their other clients lose money trading. I even had a broker who also became a very close friend of mine and he told me that other than me, he only ever had one other client that consistently made money trading, but that that guy also blew up a lot of accounts because he would often "bet the farm" on a trade and then lose it all. And get this, my friend was a broker in the S&P pits in Chicago and he was on CNBC every morning as the expert telling the world on live T.V. what he expected the market would do that day, and he just made it up. Basically, he was just a bullshit artist.
I also have a friend who is now a billionaire from trading, and he is very well known, and guess what??? He told me the he only has ONE trading pattern that he uses to enter trades. It's a pattern based on physics as he is a certified math genius. And, it's not a Continuation Trade.
I started this thread to help other traders and to teach them what I know about trading. What most traders don't know, or don't want to accept is that about 98% of all traders who start playing this game either quit or fail at it.
I just like anybody else in any business have "grown and evolved" over time.
I think the saddest part is something that my trading buddy pointed out in his book over 3 decades ago, and ironically it's what I find to be the most valuable thing that I know about trading, and yet he now believes that he was wrong about it and he believes that you can "just flip a coin" for direction to enter and you would be just as successful as long as you size your position correctly based on the size of your account, and manage the trade correctly.
I have proven to him that he is wrong (but he still won't accept it), and that where you enter REALLY does matter a lot, and I believe that I have also proven that via images that I have posted here recently.
So in that mathematically, most people who create trading "things" or teach "things" about trading NEVER prove it by way showing their successful trading results, NO, I don't use almost any of it unless I test it, and prove to myself that it works, which is almost never!!
The truth is the truth is the truth and therefore whatever works on one chart should work on any other chart.
Always a Student, Never a Master - Emulate What Works
- #9,564
- Jan 27, 2025 7:23pm Jan 27, 2025 7:23pm
{quote} This may sound bit arrogant, but I probably have a trading library that would rival almost anyone's as collecting trading books, tapes, systems, courses and methods has been a hobby of mine for decades, literally 3-4 decades. I have posted an image of just a part of my trading library here in the past as proof. I'm gonna dig up that image and post it here again for those who have not seen it.{image}My closest trading friend of decades wrote a trading book (as have I), and we both agree that there is very, very, very little in the way of...
what goes up must come down? object in motion tends to stay in motion? Does he tie a key to a kite and if it goes up he goes long? If it falls he goes short?(Haha) That's an interesting one that I'm gonna ponder over for a while that's for sure. Don't wanna name drop but was it strutland? The bullshit artist? Lol why would he do that? Just for the clicks? Or was he working for the hedges and banks and trying to get people to all go one way so big guys can take it the other way?I don't have a dope ass manly trading book shelf like you. (It's absolutely beautiful btw) My shelf is full of goosebumps and dogman books(I got 3 kids) so my reading usually comes from the Internet and gentlemen like yourself who so freely give out all this much needed information to a newbie..
So what I'm taking away from your answer to my question is that there is many things that you take into account that you have learned over the years that just end up coinciding with your indicators and how you interpret how price moves.
Trying to learn how to learn how to teach a robot how to learn
- #9,565
- Edited Jan 28, 2025 4:06am Jan 27, 2025 7:42pm | Edited Jan 28, 2025 4:06am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Holy crikey' batman. And here I thought my question was a loaded one. That answer was a loaded one! So many more questions now. Lol most notably the physics way of trading chard what goes up must come down? object in motion tends to stay in motion? Does he tie a key to a kite and if it goes up he goes long? If it falls he goes short?(Haha) That's an interesting one that I'm gonna ponder over for a while that's for sure.
It's the symmetrical triangle pattern, based on the premise that it's like a spring, the tighter you wind it, the more energy you compress, and then when it releases, it usually moves in a very dramatic fashion. So if you are on the right side of the move, you can do very well, very quickly.
Don't wanna name drop but was it strutland? No
The bullshit artist? Lol why would he do that? Just for the clicks? Or was he working for the hedges and banks and trying to get people to all go one way so big guys can take it the other way?
No, it's because they paid him a huge amount for each tv appearance.
I don't have a dope ass manly trading book shelf like you. (It's absolutely beautiful btw) My shelf is full of goosebumps and dogman books(I got 3 kids) so my reading usually comes from the Internet and gentlemen like yourself who so freely give out all this much needed information to a newbie..
So what I'm taking away from your answer to my question is that there is many things that you take into account that you have learned over the years that just end up coinciding with your indicators and how you interpret how price moves.
Yeah, that's what I try to tell people who ask but I always assume that they think that I am just trying to be coy, which I never am. I think it's like asking Tiger Woods what he took into consideration as he made each shot, it's simply a culmination of experiences that he has to draw on, but trust me, I'm no Tiger Woods, I'm just trying to to provide an analogy that I think most people can relate to.
what goes up must come down? object in motion tends to stay in motion? Does he tie a key to a kite and if it goes up he goes long? If it falls he goes short?(Haha) That's an interesting one that I'm gonna ponder over for a while that's for sure.It's the symmetrical triangle pattern, based on the premise that it's like a spring, the tighter you wind it, the more energy you compress, and then when it releases, it usually moves in a very dramatic fashion. So if you are on the right side of the move, you can do very well, very quickly.
Don't wanna name drop but was it strutland? No
The bullshit artist? Lol why would he do that? Just for the clicks? Or was he working for the hedges and banks and trying to get people to all go one way so big guys can take it the other way?
No, it's because they paid him a huge amount for each tv appearance.
I don't have a dope ass manly trading book shelf like you. (It's absolutely beautiful btw) My shelf is full of goosebumps and dogman books(I got 3 kids) so my reading usually comes from the Internet and gentlemen like yourself who so freely give out all this much needed information to a newbie..
So what I'm taking away from your answer to my question is that there is many things that you take into account that you have learned over the years that just end up coinciding with your indicators and how you interpret how price moves.
Yeah, that's what I try to tell people who ask but I always assume that they think that I am just trying to be coy, which I never am. I think it's like asking Tiger Woods what he took into consideration as he made each shot, it's simply a culmination of experiences that he has to draw on, but trust me, I'm no Tiger Woods, I'm just trying to to provide an analogy that I think most people can relate to.
Always a Student, Never a Master - Emulate What Works
- #9,573
- Jan 28, 2025 5:54am Jan 28, 2025 5:54am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #9,574
- Edited 6:34am Jan 28, 2025 6:00am | Edited 6:34am
- Joined Jul 2009 | Status: Trade What U See Not What You Think | 1,759 Posts
Always a Student, Never a Master - Emulate What Works
- #9,577
- Jan 28, 2025 11:21am Jan 28, 2025 11:21am
{quote} It work great. Can you add email alerts when colors change from buy to sell and vice versa? (no alerts for white lines) Thanks.
