EURUSD

http://www.forexfactory.com/showpost...stcount=184271

I have seen some excellent posts recently. This forum is a great place to dull the boredom of everyday trading and a chance for all, newbies and veterans to learn IMO and to develop some friendship along the way.

Much of trading is a mind game. It's not you against the market, it's you against yourself. The market place is not forgiving of failure, it's where fortunes are lost and won, it's not there to beat, but to embrace and become a part of, and part of being in the market is losing to others, just be sure overall your total loss is less than your win.

The mind is so active it plays games when any new information is presented. Do you take the trade, oh wait, I see something else, oh better wait for news....oh but so and so has said this... wait a minute I will get a better fill if this new developing pattern plays out.. oh no I've realised I am down today, better be more careful, oh heck I lost that just a little bad luck, I will double up next one,....ah here she comes, now my big opportunity, bloody hell, why did I exit so early when I should have rode the trend............wait I have discovered this technique works better it will give me the edge....ah now I have it, this is what i should have been using before.....nah the market is just too manipulated....if only I could get more disciplined....now I have 19 wins in a row, I will make this one another 20, this is easier than I thought, doubling down to get this win, ah shucks, that one trade ruined everything...ah but here is my big win, got my entry perfect, winning big, let's switch to another TF...ahh..yes, no..yes.. you get the idea.

I had my 'at last' moment when I realised consistency was key, and only a few indents did the key possess. In other words, simplicity was the key and how you held the key was also important, approach the lock head on, not quivering not afraid, the proper mindset. the small key opens the large safe, small pips accumulate. and the key has rust on it, it's an old key, it's been used many times, and many times it has been held at the wrong angle, the wrong mindset.

So, ATLAST I have come to the end of the journey when I started here with one goal in mind only, to give a little as I had taken so much from the internet in my education over the years without giving back (only now there is just too much of it that the gems get lost in the heap of grabage that has built up).

I want to say a thank you, thank you, thank you to everyone that I have had the opportunity to exchange ideas with, and to all those who are giving their time to continue this forum and keep it alive, mods and posters alike. I won't name names, but you all know who you are. You are all a great bunch.

I am humbled to have learnt along the way also, and even more humbled that some have taken my strategy and some ideas and is making it work for them.

Why am I leaving now? There is a time for everything. That's part of my philosophy, also reflected in my trading, but I've reached a point where I always said I would, and this is the time in my life now where I am taking on some new ventures and giving time to some I have neglected and for some personal family commitments.

It's been an interesting journey. I must admit it's been almost addictive.. I have a passion for forex, and while making money is paramount, don't ever forget there are other ways to do it and it all need not come from forex, in fact it's better that it all not come from forex.

I started writing a long piece about market manipulation and why it's best to avoid that in your thoughts while trading, but then it became another topic and that's not the purpose of this post.

I had a great start to the year this year, and I am hoping for a great finish, so wish me well.

I won't close my membership here altogether as I would like to browse the forums from time to time, and maybe post the odd comment in the future to contribute... I will still reply, when I have the time, to those I've communicated with off forum, but for now...

my friends, adios and may the pips accumulate in your accounts.
hope you are all going to have a nice this holiday season coming.


Atlast

Trading is very simple. You always trade with the trend. Trade with a larger time frame. You always wait for a breakout of consolidation before even considering entering the markets and out of a 100% trend move, simply catch the middle and get out before the move is well over. This means leaving profits on the table, this means not bothering or wasting your time trying to catch market tops or bottoms....

Do this over and over and over and you'll have a nice amount. Its nothing magical or special. Most of the time, you'll be sitting on your hands and waiting for price to come out of consolidation, other than that, the rest is just position sizing and planning your trades from exit to entry. So honestly, you'll find yourself in a trade, at most a few times a week for a few days, maybe 2 or 3 days at most.

Fibs can tell you where on the map you're at....quite simple....

Try it out...you'll be surprised how much money you make.

Possible trades:

Short GBPJPY first target 146.34 (high probability trade, possible gap down)
Possible long EURCAD on signal (possible gap up)
All USD pairs in nowhere land (stand aside)

Oden please stop sending me immature pm's
if you have anything to say, say it on main... contest or whatever. hope you understand. thanks

can u prove yur success...people might listen to u if u were jacko..it is beyond me why folks come into a thread and say this is simply and talk about fibs...like they are magical..there just a a tool to add confluence thats it!...yur post prove u just blowing smoke..

trade the chart and keep it simple...empty vessel always make big sound, u may want to bear that in mind

Hello All, new around here. I am hoping to learn alot from you people. I have been following your post saw some terms use that i am not understanding, such as BE, PA, if you dont mind can someone just tell me wat these abbreviation means. thanks in advance

have they released it already... just when i was getting used to mt4... the thing i like about mt4 is its simplicity... the problem with most newer releases is that they end up becoming more bloated and complicated with redundant features... take windows as an example... who still harkens back to the good old days of dos?... ok, maybe not that far...

Well it is beta version till february 2010. has more time frames...but indicators dont work...who is going to program all of them again?
Terible.

weather something is simple or complicate can be fairly subjective... something can start off being complicated but then become simple through understanding and experience...

indicators probably need recompiling i'm assuming the code will not have to be changed... so as long as you have the mq4 files you should be ok...

is thats true however trading is hardly simple when 95% lose long term

Sure, I'll prove its simple. You open a live account, I already have mine posted in another forum on here and we figure out the stats by March. I've issued this challenge to Micho and Driver of whom attacked me for no reason simply of me posting 1200 pip gains in 2 days. To which, was asked to prove it...and I posted my results next. Then was attacked simply because I am new here and because maybe I did prove it? Then someone here asked how I accomplished it. And I gave them the exact way I did..and the above is how I trade, so if that's not enough....I don't really know what is.

And if you say well 2 days is not a track record..I'll say this.

You show me yours and I'll show you mine. Shoot me a pm and I'll show you mine...but you show me yours first. Simple? Fair? Ok....so let's move on and enjoy the forum. I'm not looking to pick a fight unless someone calls me out for no reason just because they've been around for 20 years.

I've already taught a few good souls on here how to trade and I have nothing to offer those that cause insult to harmless posting of my strategies and results.

Did you ask grashid how he makes his pips? http://www.forexfactory.com/showpost...stcount=184271

I already did. You called me a liar about my results a few posts back, so I figured we'd settle it like men and have a trading competition. You never responded.

So here it is again....I'll issue you the same challenge. Trade your method I trade mine and by March....we'll tally the results...Simple.

looks like mq5 has been upgraded to C++ Object Oriented level with structures classes pointers etc... looks like we'll be seeing more interesting indicators and EAs...

Looks indicators and EAs for mt4 will need to be modified slightly to make them work on mt5.

"Language MQL5 is the development of its predecessor - the language MQL4, which is written a myriad of indicators, scripts, and expert.Despite the fact that most new programming language compatible with the language of the previous generation, there are still some differences between these languages.And when transferring programs these differences need to know."

Thanks..I will try tomorrow...I think it should be resaved in mt5 to get .mq5 extension Still they should have it easier......I hope someone will help about these differences....

People lose long term because they try to complicate things and use 100 different strategies and ask others for the holy grail. If you follow the rules I have above, you'll make money. If you don't....then find another profession because it would be impossible NOT to make it.

I'm afraid its not going to be as simple as that, they've revamped alot of the syntax... it means that the code for indicators and EAs will have to be modified...

I believe that you are disciplined and have good money management...Who has those two can make money just with EMA crosses Support and ressistance or fibs....