Little Note For Times Like This...

I just want to leave a little opinion about what i've been seing in the last days, or in fact, in every single day when the trends make new highs, in our know pairs.

I can't think in better words to describe the knowledge displayed on this sentence.

Sometimes i wonder if the majority of the ppl realize that what they are doing in times like this, is so tipical... so easy... so basic... so raw... that in fact nothing distinguishes them from a normal person on the street, if we take 5 minutes to think about it.

And that makes me think, how can someone dare to have the ambition to live from a certain knowledge if the practical execution of that supposed knowledge is equal to any new trader raw instinct??

Isn't that AGAINST all the logical sense of hard work?


Allow me to explain....


If we go to the street and pick a person and put her in front of the chart and ask, "Hey this is rising for a long time now , what do you think? This might be the end right?"

This person even ignoring everything about markets will say "oh sure... look at that... its dificult to go more up!!!"

So, please someone tell me. What the hell is the main difference between 99 percent of the ppl around here that trade for most than 1 year, that have the little pretty 1KT... and a person who never studied nothing...

...If i'm seeing every single day, both acting exactly equal in emotional times like this, claiming a reversal based on quantity and not on sentiment which is the way the "books" teachs us to wait.

Shorting strenght on Uptrends and having 1KT symbols is compatible? Wow!

Many ppl are not realizing that,

1- This weekly trends we are in, are ridiculous compared with trends in the past, like the 2002-2005 Bull Run of the Euro for example.

2- In the last months this USD pairs trends were based on pontual signals from CBs that the rates would rise, and when they rose, the pairs would normally enter in correction waiting for more signals. This is the first time in 1 year that the FED lowered rates and by 0.5 which brings an incredible new element to the trend.

The trend "shape" might change at any point going foward maybe becoming a BUBBLE in some pairs, and even if they don't cut more, until further notice, no one knows if the market will not price in Non Stop, more 2 or 3 cuts which is nothing abnormal considering the past. If we don't know we wait! New element around!

I just want to say this to guys like the pseudo veterans.

No matter who you are, whatever you do, Please...

don't say to anyone again "learn with the forum pros" because... i even know one 1KT trader that says...

"weekly trends don't matter because if we think about it, everyone in this forum trades short term"


This is just insane!

Warper,

Trending, Ranging and any other similar names are difficult to tell, because they are too subjective, I've read many times people didn't mention exactly what it is and leave it to the reader for their own judgement, so I conclude there is no one able to say it loud without being slapped and then got no benefit in doing that.

It's also tempting to say after the fact, because as we saw charts, the pattern will be obvious after few bars, and as our physcology tend us to be right and advisory, we find more reasons to validate that pattern than not.

But as we progress, and we go back to the last analysis before the fact, it would be a different story then, so being honest internally is one critical factor, because it would contain lots of thoughts, rebels, directionless ideas etc.

I believe that learning curve can be achieved by learning both the exposed and underexposed information, and if the statement by someone is explained ambiguously, and [many times] accidentally similar to newbie, it could be that the learning curve have not been achieved yet.

One should say it in relation to the trading system, not in general terms, but in that way, it would limit the audience, because people have to agree with the rules first, so at the end, this job is no easy for people, lots of booby-trap.

you did it again warper, you did it again

a very large beautiful post, strong language, colorful/underline words

and again I didnt understand what you want

or what you said isnt new!!

is it about the 1KT community!
all users here knew that not every one carry the green icon is a great or experienced trader

all people here knew who's the experienced trader and the one who behave like an experienced

for example
I have a big PDF file that contain alot of diallist posts, merlin too
I spent 4 days on the forum to search about isotonic charts to download them and every time I need to feel like a fool I browse those charts

on the other side a guy like auslanco who's dont know how to draw a trend line is a 1KT memeber , this is real

as you see a little number only from those members are considered and from them only you can learn

so you cant judge the hole community cause a one of them say an insane word

execuse me to say this, but I feel you suffer from a good lose in this week and you made this thread to blame yourself and the others :

correct me plz if I didnt understand your words,

nice weekend

The art of trading is not in the prediction...that alas is the domain of the Gods....it largely lies (for me at least), in hitching a ride on a trend as and when it presents itself, with the expectation of course that the trend is a strong enough one to carry me into positive territory at the very least. And for this, I use some of the excellent indicators that I have found on here.

It's a bit like surfing for me...sometimes, you get a real beaut!

I think i don't "want" nothing , i'm sorry if i'm offending anyone of your teachers. I didn't realized they were the main source of knowledge for you.

I don't know what you mean but being an 1KT trader is not that hard.

Sign up with a fresh nick... put 5 years of experience in your profile, bring the fact that you trade stocks too, and post only on sections where the moderators hang around to gain their awareness.

I rarely post anywhere if not the cable thread.... and you know what is the opinion of many "professionals" about that thread.

So, its obvious i don't care, or else i would have dropped this nick and changed my "writing personality".

It would be wierd, but many ppl does it lool.

I confess that maybe i explained me wrong. What i meant with this post was only to express my deception that is increasing more and more. Maybe some ppl may use the post to their learning advantage, i don't know.

The main reason is like it says in the tittle, its a note. A note of disillusion about one place that i though i would find some very skilled ppl, and now i only see ppl doing the same error of trying to call multi year reversals by the pip, month after month.

Ppl that i thought that learned from the past. Ppl that i thought that followed the same path as me but in fact left me "alone" a long way back there.


To tell you the truth... i'm the kind of guy that don't needs 1000 ppl to discuss something. I only need 1 or 2 ppl with the same or better skills than me to discuss like some sort of learning "team", pointing some mistakes from the others, correcting their own, and share their trades based on strong views.

In my first months in the forum i saw 2 or 3 traders that i thought they would fit in that kind of description. 1 made me believe that he were the kind of trader that trades like a sniper because he waits for powerful setups.

...soon i found out that he trades every single day, changing from short to long with very little pondering

The other sent me a Pm, asking me if i would like to trade with his team. I was humble to say that i was not prepared to assume that risk, but i would like to work hard to be prepared someday, and i would be glad if he could sent me somekind of material to improve myself.

A few time later this guy was vouched to be 1KT trader and never responded again. In fact he only posts on the Trading Room and grabs about every single trade. He claims to transform many 5 thousand dollar accounts in millions in few months.

Conclusion... I can't find almost no one that trades "at least" the Technical Analysis flawless by the book, without going creative dragged by greed.

For the record, until now, there are only TWO traders in this forum that i noticed, that know deeply why shouldn't we never try to call a reversal without any signs of it in the charts.

1 of them i don't have a great deal of respect for him considering the lack of respect he has for new traders, but i admit he knows how to deal with a trend.

SeekingLight... And he knows the importance of waiting.

The problem is that, this guy is another showboat and doesn't allow any new traders to discuss with him if he's not in a clear pedestal above the other.

Considering the rest... he would be a very nice trader to trade with.

The other guy, i just recently found out about his skills... BullRock. I don't know much about him. I don't know him in person. But... After so many ppl going short, then long, then short, in the same day...

I was stunned when he came up with some words, lighting up the cable thread.

"I follow the trend... regardless of the how quantitative the others think the trend must be, by definition" - Bullrock

and...

"I don't see any signs of reversal, why are you pissing against the wind?" - BullRock

This is what makes me sad(about this forum). In 30 thousand traders, only two and me... have the self control to avoid to short something because is "too high" or looks "too amazing".

Ppl that have been burned before, but insist...

This is why i write this. This might seem worthless remarks, but hey, i know ppl that left the forum in protest. I'm just trying to make a sense of how deep this lack of hard work is... before i do the same and stick with the trading only.

Here is the part where i get surprised with your lack of attention.

Sincerely i thought you payed more attention to my posts. If you did, you would find out that i'm conservative. Im one of the guys that is always saying... "be careful, wait to see another rejection"

I got 10% on the last NFP and then i waited two weeks to catch a good setup. I went long on cable... euro rose... and cable dropped thanks to the first Northern Rock news, right in the day when i saw a good setup.

It is registered on the cable thread.... when i bought and how much i risked... not much

I recovered a little bit after the Fed, is there too.

Moderated/Conservative traders don't suffer "great losses" in a porpotion so big that would come here yell about it.


PS: I thought you were more wise, maybe i got that wrong.

noooonononono
yes you got this wrong, see the smily and you will know I just kid with you

I knew you are not a one of them but you know I saw this here at the forum many times, at the weekends, one of the users comes with a new thread and say I found what the wrong in our methods and we are deal with this in a bad way, or he say why we made it much complicated, ....
LOL
you know I see this every week and I assume all this words about mistakes and complication are his mistakes and his bad trades
but it's Ok, let him do it here cause if he did it alone the pain will be a killer

forgive me, I didnt mean any offense and I remember a word you write before may be it was: I trade like a sniper or something similar

I didnt see the trades you talked about, cause when I open the cable thread I click on the last page and may be go back a page or two, cause it is already 20 or 30 pages and there is no time to read all of them ..


the main source of all of us are the experiment, the live trades, then comes the books then the others

always I respect anyone can add to my thinking or change it, anyone can give me a good view or idea, he gives me MONEY
and I must treat him as my teacher, and he must have all my respect
there is no shame in this

thank you, now I understand what you mean
you know I saw something also
this icon made others here at the forum hate everyone carry it
and you know this is very dangerous
cause even the 1KT member post a useful comments, the poeple who's hating him will go against his comments blindly
and the reason is they hate him and didnt accept any advice from him even if this advice is useful and their hating will force him to go the other way

you see this is very very bad


I'm very interesting to know this man, I can guess but I afraid this will make a problem or increase it!!

allow me to say something here
your method is dosnt matter, only the results of your method

some traders say:
if taking a trade that is againt a trend (assuming it a reversal or a correction) will end in profit - I will take it
you see he must see it, he must know what he do

others will say:
no I will wait to see a good sign of reversal or wait until the correction is over then I will enter

whatever your method, it must give you money

I can go against the uptrend in short term in a pair like GJ cause it corrects 150 pips this equals aprox a grand if you trade 1 std lot only
is this bad?, if it tell me about another job that can earn a grand in 15 minutes (except the drug dealing LOL)

some traders like you can wait 2 weeks to see a setup, and others will say take what the market gives you!!

you see, everyone has his view and this is the beauty of trading

I completly respect shorter time frame traders.

Everybody can suceed even if is not going with the longer term trend.

As i said before, its all about compressing mathematical risk depending on where we are. I believe that a longer term trader, doesn't have to follow the rigid 2% risk rules. The simple fact that a trader is relying on more solid information, reduces the underlying risk and give us the power to increase "mathematical risk".

What i mean is that, we should go at least with some signal in one of the frames and ajusting our target to fit it. Expecting more than 50 pips on EU just because a H4 candle looks big, its very bad skill. Am i wrong??

Contrary to what ppl might think i'm not talking about new traders. I'm talking about the 5 out of 10 traders around here with supposed 5+ years of trading, doing this, and the annoying part is acting like ROI standards.


I'm not playing master. What i mean with all of this, is that, as a learning trader, i find this forum to have a very low quality and quantity source of information. I was expecting more, that's it.

In fact the 1KT idea is not working, and i know this because i know 4 or 5 1KT traders that when signed up in this forum, they were trading DEMO and some of them were that kind of users that asked around every basic think.

I don't doubt about the learning speed, i doubt that anyone can make 1000 trades in less than 1 year, and having something interesting to teach.






For the record... last night, one 1KT trader came here and said something like...

"In the past i thought you were a pompus ass, but now i must reverse my opinion and confess that you got some good points in your post, keep up the good work"


Without any reason, he deleted his post this morning, which makes me think...

What kind of personality have this guys? They simply delete 1 post because they get scared of what opinion the others might have, considering he is making a compliment to Warper?

Incredible... he must be a great trader with this kind of self confidence...

calm down, this is the internet.

The fact that my posts are bigger than, "Entry... SL... TP....", like yours..

..doesn't mean that i'm not calm. Its just a bunch of words.... to describe something.

I'm sorry if you don't have nothing more interesting to say.