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Dead end...

  • #1
  • First Post: Nov 26, 2008 3:03am Nov 26, 2008 3:03am
Ive come to a dead end in my study of FX and trading. I really enjoy the learning aspect and obviously would like to make money trading some day, so im not looking to learn just any old rubbish, It has to be something I can see the logic in.

So far I have passed the crazy trading stage where you exit as soon as you profit and let your losses run. Ive passed the 7indicator charts stage, Been all the way from the 1day charts to the 1tick charts. Looked in to correlations, hedging, support and resistance, and naked trading.

Most recently Ive been(for the past 6 months) scalping the tick charts with mixed success/failure, although this has been a much more possitive experience than anything else I have tried.
Aswell as this I undertook a campaign to try and crack another traders method, this lead me down afew paths, some of which I am finding hard to understand at the moment.

I have recently started a thread in another section of the forum asking for members to list everything relevant to the forex market. This is an effort by me to try and get afew more study leads to the table, that I can then further look in to.

Fx Options are a part of the market and account for some of the volume, these are the kinds of things I would like listed. Im sure this will help many more than just me.

Anyone with anything to add or suggest please feel free to drop in.
Its worth a try on my part.

Leon
Living the adventure in my head.
  • #2
  • Nov 26, 2008 3:21am Nov 26, 2008 3:21am
Hi Leon,

Have you tried understanding market structure, and how brokers and the players who trade in these markets operate? I don't mean reading just darkstars post either, although that is an excellent place to get stared.

Quoting Leonlorenzo
Ive come to a dead end in my study of FX and trading. I really enjoy the learning aspect and obviously would like to make money trading some day, so im not looking to learn just any old rubbish, It has to be something I can see the logic in.

So far I have passed the crazy trading stage where you exit as soon as you profit and let your losses run. Ive passed the 7indicator charts stage, Been all the way from the 1day charts to the 1tick charts. Looked in to correlations, hedging, support and resistance, and naked trading.

Most recently Ive been(for...
It's me...
  • #3
  • Edited 4:28am Nov 26, 2008 3:52am | Edited 4:28am
this helped me a lot.....

1. Fish do not determine the flow of the river.
2. Independent of personal action, tracking the movement of all fish will show the net result is they move down stream over time.
3. The majority of fish remain within the channel created by the north and south banks of the river.
4. Fish will move the fastest when swimming downstream and in the middle of the river.
5. Near the perimeter of the river, fish get caught in turbulence and whirlpools that will effect their orientation and hinder their progress to the ocean.
6. Fish do not need to make forecasts about the flow of the river or the distance to the ocean to eventually reach that target.
In the same way, you can say the following about traders.
1. Traders do not determine the flow of a larger-degree trend.
2. Independent of personal action, tracking the movement of all traders will show the net result (prices) move “down stream” (i.e., in sync with the larger trend).
3. Trading activity is “confined” by north and south channels imposed by a larger time frame.
4. Traders will make the most money the fastest in the middle of a channel when in sync with the larger trend.
5. Near the perimeter of a market’s channel, traders get caught in turbulence that effects their orientation (i.e., it produces uncertainty about future direction) and hinders their progress (i.e., their ability to produce consistent profits).
6. Traders do not need to make forecasts about the trend of a market or the distance to a future target to eventually achieve profits.
forexflash
  • #4
  • Nov 26, 2008 5:07am Nov 26, 2008 5:07am
Quoting AgentFx
Hi Leon,

Have you tried understanding market structure, and how brokers and the players who trade in these markets operate? I don't mean reading just darkstars post either, although that is an excellent place to get stared.
Hi AgentFX,

Ive read the Incomplete version of Trading and Exchanges:MMFP, other than buying, reading, and thinking about whats contained in the full version I think usefull market literature is thin on the ground. If you can suggest anything more then id be very greatfull.

Leon
Living the adventure in my head.
  • #5
  • Nov 26, 2008 5:53am Nov 26, 2008 5:53am
Leonlorenzo......the edge you are after is YOU!!!
Nobody can give you a method that can work if you
dont know how to trade without fellings.
Regards
forexflash
  • #6
  • Nov 26, 2008 6:12am Nov 26, 2008 6:12am
Quoting FOREXflash
Leonlorenzo......the edge you are after is YOU!!!
Nobody can give you a method that can work if you
dont know how to trade without fellings.
Regards
lol, you know, I actually have started to find this advise very annoying now.

No offence.

PS. You say 'the edge is me', and then that I need to 'trade without feelings'.
Trading without feelings Is not an edge, it just meens that you will loose slower unless you have a real edge/cause and effect, that you are trading.
Living the adventure in my head.
  • #7
  • Nov 26, 2008 6:18am Nov 26, 2008 6:18am
Leon

I have read your posts here over the last year.

Stop searching aimlessly, focus on within.

No One can give you an answer... you have to take personal responsibility.
  • #8
  • Nov 26, 2008 6:27am Nov 26, 2008 6:27am
Quoting Eggster
Leon

I have read your posts here over the last year.

Stop searching aimlessly, focus on within.

No One can give you an answer... you have to take personal responsibility.
Thanks for using your 1st post(after being a member for 1.5years)on me.
If you dont search then you wont find, thats how I see it.

This is thesame kind of thing I was saying to Forexflash, comments such as "focus on within" just dont seem to sit well with me. Also, I am not asking anyone for 'The Answer', Im looking for reading material so that I can learn.

Leon
Living the adventure in my head.
  • #9
  • Nov 26, 2008 6:43am Nov 26, 2008 6:43am
I believe forex is geometry. So my lines makes sense to me. Find something that works and master it. Become the King of the Hill and youll get rewarded at the end. Though many are too lazy to actually learn, study and master it thru countless hours of screentime, trials and errors, etc.
  • #10
  • Nov 26, 2008 6:53am Nov 26, 2008 6:53am
Quoting AgentFx
Hi Leon,

Have you tried understanding market structure, and how brokers and the players who trade in these markets operate? I don't mean reading just darkstars post either, although that is an excellent place to get stared.
Headline: USD drops due to news of USD dropping!
  • #11
  • Nov 26, 2008 7:05am Nov 26, 2008 7:05am
Quoting Gaston
Anything to add Gaston? I see that a couple of your vouched members are/were victims of my stalking. Any terms you could suggest for me to look up?
Also, have you found FX futures info to be use-able when trading spot?

Cheers, leon
Living the adventure in my head.
  • #12
  • Nov 26, 2008 7:07am Nov 26, 2008 7:07am
Quoting Leonlorenzo
Anything to add Gaston? I see that a couple of your vouched members are/were victims of my stalking. Any terms you could suggest for me to look up?
Also, have you found FX futures info to be use-able when trading spot?

Cheers, leon
Hmm. Give me a few days. I may send you a PM after thanksgiving (im gunna be busy )
Headline: USD drops due to news of USD dropping!
  • #13
  • Nov 26, 2008 7:09am Nov 26, 2008 7:09am
Ill be refreshing the PM page regularly.
Living the adventure in my head.
  • #14
  • Nov 26, 2008 8:08am Nov 26, 2008 8:08am
Hi Leon, maybe you'll find this useful:

http://english.mnb.hu/Resource.aspx?...urcename=op_42
"I say high, You say low, You say why, and I say I don't know..."
  • #15
  • Nov 26, 2008 8:30am Nov 26, 2008 8:30am
I can see you have tried anything under the sun.

If you don't mind asking, for how long have you tried anything besides scalping??
  • #16
  • Nov 26, 2008 9:59am Nov 26, 2008 9:59am
Oh man, dude.... like trading is a ZEN thing man....
kind of a mind over matter thing ya know?
Like if ya don't mind ... it don't matter......

Now really, trading does NOT have to be nearly as complicated as people make it.... a simple set of rules followed without waiver and good MM will get you into profit.
I think the big problem is people are just too impatient and too greedy..... slow and steady wins the race.

Good luck in your quest.
Same Whore .... Different Dress
  • #17
  • Nov 26, 2008 12:25pm Nov 26, 2008 12:25pm
Quoting nomoretoxic
I can see you have tried anything under the sun.

If you don't mind asking, for how long have you tried anything besides scalping??
I would say about 2 years, I was trading the 1hour chart with fibs for about 8months. And just about every other timeframe for the remainder.
Living the adventure in my head.
  • #18
  • Nov 26, 2008 12:47pm Nov 26, 2008 12:47pm
if you have the time and money read all 29 chapters/ 599 pages. I read it a few years back, and 95% of the information is still timeless in todays markets as are most good reads.....

Also you might want to base your trading style on your education. For example if you trade momentum trading you are going to want to education yourself with those types of books, techniques etc...then master it, become a specialist with it, there are so many ways to exploit the market trying to cover them all at the same time is hard on the brain....

just my two cents


Quoting Leonlorenzo
Hi AgentFX,

Ive read the Incomplete version of Trading and Exchanges:MMFP, other than buying, reading, and thinking about whats contained in the full version I think usefull market literature is thin on the ground. If you can suggest anything more then id be very greatfull.

Leon
It's me...
  • #19
  • Nov 26, 2008 12:50pm Nov 26, 2008 12:50pm
Quoting Leonlorenzo
I see that a couple of your vouched members are/were victims of my stalking.
In my country you can go to jail for that.....
It's me...
  • #20
  • Nov 26, 2008 6:16pm Nov 26, 2008 6:16pm
I think this thread is the indicator....

When market raning/whipsaw..a lot of thread lik that will appears...
When market is strong trend, you will see alot of "praise FX" threads will appear...

Sonic
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