How people should really trade!

edited :sorry guys had to edit.

What did he say?

he is a real trader, good!

You are talking about nothing new. I have been talking about this stuff for months.

I think, maybe what he's trying to say, is exactly the UGLY TRUTH of trading, and it is, that's it's a job that also a child can do, it's not difficult at all, with or without indicators.

What is difficult, is deal with emotions related to how much money we earn or we loose.

I already mentioned that people have been saying it for ages. Or at least in my own way due to lack of mental capacity right now.. My body temp is 41oC.


What I'm saying is, that a million guys have systems here there and everywhere. When actually applied to live trading they fail... FACT...

These people are vouched members on here purely because of their contribution to the forum, rather than the fact they can actually trade.

IT IS NOT hard to put up a chart and say "I traded this, see heres my past tense trade".. I could tell you a million trades I took after the fact. Its meaningless and clutters the forums.

This spiteful thread is directed at a few, they know who they are. That seem to push their methods around, without actually trading them. Claiming they are great traders, when infact they wouldnt have the stomach to trade live. Especially with their own system. Most of them are forum hoppers, once caught out they go to the next.

The sad thing is, when exposed on this forum, the mods delete the exposing posts, because they are vouched members. One of them even vouched for himself under another username. GO FIGURE?

Its sad that most people want to follow the colours, rather than the facts.

I commend anyone who trades like a real trader. Be it algorithmic or point and click. But out of all the 10+V members on this forum, I'd say there would be lucky to be 20 or so that actually trade profitably, and they all trade properly. And sure as hell dont try to get others onto a colourful system with arrows and noises.

I will post up some charts soon.

I KNOW ITS ALREADY BEEN DONE BUT THERE IS NO RECREATING MARKET PRICES, I AM NOT THE CREATOR OF IT. JUST SOMEONE WHO PROFITS FROM IT.

Now back to bed.

please we are all waiting to see your chart

Reminds me of the way the skunny thread started.

No use shooting arrows untill you see the enemy though.

What is skunny? Anyway.. Heres a quick chart for you. I even drew 2 lines on it to show what I would think visually...

As you can see, the market is sideways (the prices are going across the chart rather than diagonally up or down). The 200 SMA also supports that idea. So in the method of good trading, I would find the solid range (where the most resistance and support are, and set some stop orders there.

If trading a range market, you should always expect small rewards, rather than large ones, as the markets tend to range (go figure). The idea is to get what you can out of the market.

I am looking at the eur/aud today because I got a call from a client from work asking why I am at home and what is the euro doing (vs the AUD as i live in australia).

As you can see, should I have been in the office, I would have made a few pips on the recent break, nothing significant, but enough for some coffee. I will get another chart up when I book a trade tonight.

Another one, with a trade I booked. It was kind of booked for novelty, but anyway, its all in the name of fun.

The price action was a break out of a triangle on the 1hr. The triangle is obvious.

The only sad part about the trade is that the trend is down on the long term, and no one likes to trade against the trend.

My trader label is "High frequency" which means counter trend trades should pop up if there is some form of retracement, and if you dont take them, you tend to get fired...As a few staff members found out recently, when they took on the economic fear of the markets.

I just changed my stop back to the range, as the candle looks like it may retrace (again discretional price action).

There are no mechanics in trading, just discretion.

I am not telling you guys anything new here.. Just continuing the efforts of others to point out that colours and arrows and signals are all very pretty, but they will not work for you over the long term.

g/u closed out +38 pips. Price stalled.

Ugh just came online to check on a few things and it seems some posts are missing. I am upset as to why people would remove certain comments from my thread.

I like the criticism, proving someone wrong is fun....

heres some g/j fun. I am trading a bit longer term on this one. Smaller lots, the risk is relatively high as the volitility is psycho. I entered because there is considerable market resistance at the current stages, there is room to breath on the up side so i wont get stabbed out (stop is about 120 pips) the take profit is healthy (230). And because of the position size, the total account loss that can be achieve is 1.2%, with an estimated gain of 2.3%

No trailing stop, as I believe in price movement, if I get into a spot where the price action isnt agreeing with me it will be closed out.

Oh and the long term trend is down. Which justifies my sell position.

Ignore them mate. Some of us on here have an open mind.

Lol I know, I just love a challenge

a little e/j action. More risk than the G/J as it hit a better res.

The g/j is sitting around -80 at the moment.

I should get both, but stop loss is there just in case.

The e/j risk is about 4% with TP at 8.5%

Enjoy the eve, this is the last one for me tonight.

Ok, heres my stats for the day.

Total Trades: 23 Short Positions (won %): 18 (82.50%) Long Positions (won %): 5 (80.00%)
I ended up doing a bit of market maker trading on a/u and g/u, as the market was perfect.

This method of trading is taught by the company i work for so I cannot repeat how it is traded. However its equally as simple as regular trading.

Total gain was about 9%, the g/j is still open at the moment, was in positive, just about -19 now.

I will do some more charts tomorrow after work (if i go) otherwise I will do it about same time as today.

EDIT: closed the g/j +73 because I have to take medicine now (dont trade when not sober)

You look for important levels? (S/r , fibs , trendlines , roundnumbers confluences keeping in mind the current price flow)

Play touches or wait for confirmation on lower tfs?

Are you actually trading live with 4% risk and using mt4, or did I miss something and you are just doing this for fun from home? Does your expectancy actually warrant 4% risk as valid? Do you know how much you can lose before you get fired? You mentioned that the GJ trade was a little bit longer term and you closed it out only a few hours later, is that long term for you? I am just wondering, no offence. Anyone can say they trade for a company, so you have to understand my questioning. I also trade naked, no indicators, s/r, and price action setups, but 4% risk on any real money will have you in -10% drawdown very quick. Any professional trader will take this seriously, and know how many trades they are away from maximum drawdown, where they cease to have the privilege to trade a client’s money. Take care.

Edit: I see you use Dukascopy, mt4 there.

gonna try thanks. have been using mechanical only will try discretion for a change