Help to those, who want to grow their account

If Somebody started to read this thread, please be patient, will continoue, when My free time allows it.

Learn:

What is interest rate differential, and

- what is 'carry trade',
- and what is 'capital appreciation' or 'risk aversion'.

When You can tell, which one rules the Mkt. than You are one step forward. Don t want to always know it, but just trade (and just in that direction), when You are sure enough.

-How (and when, what...)FUNDAMENTALS effect or change these sentiments. NOT YOUR sentiment! THE BIG ONES sentiment! (Fact: nobody cares about Your sentiment here. Accept it.)

Now, You will learn how can trade (which ways) the BIGS. It will leave clues on the chart.
How can You read them?Through TECHNICAL ANALISYS.
It means for Me (it can mean something different to sbody else):
-Higher Highs HH, Higher Lows HL, Lower Lows LL, Lower Highs LH (These makes SWINGs or WAVEs)
- SUPPORT S - RESISTANCE R AND FLIP ZONES FZ (or many here on FF call them PPZ)
- sometimes TRENDLINES TL
- learn what is BREAK(OUT), and RETRACEMENT are, too
(There is a tool, Fibonacci ret., in the platforms charting kits, with it You can measure the deepness of retracement.)

Now, all these things are to help Us to get the clue, where are the orders (remember order flow), and PROBABLY which ones will overwhelm the others, and WHERE. In the THINK PROCCESS, many times important, the WHAT should happen to trigger the orders. More on this, later.

There are indicators (many), what I rarely use, but if some gives You visual aid, You can use them. Just don t let them make YOUR DECISIONS. The DECISIONS ARE YOURS, with the responsibility and with the success, too.

That s for today.

This is a great thred for new people who are trading anything less than the H4 TF. I think PH is giving them a real GEM.


Nice to see someone sharing like this.

Good Job PH.


The confluence of PPZ, Round numbers and fibos.

Pardon Me, but what do You mean?

I mean, this is a good thread for new people to learn the real deal, and throw out the indicators that lag. Also, I imagine you are trading larger time frames and thus the Price action will be more reliable.

Oh, I see.

What kind of Risk We have here?

1, Money R:- Bank
- Broker
- Trading

2, Your Psych. Capital

3, Time, Energie, Social life...

How can We measure it?
Compare it to Your - All You have
- account
- living cost
- dream
- next aim?

Typically traders tell You the risked % of their acc.
But how to set Your acc. size?
When You learning, I advise You to set it, as being easily 'rechargeable'. Small compare to All You have.
Don t fear, than You miss out 'THE POSSIBLE BIG GAIN" through Your learning period.
If You really master it, there are very high limits. (Ms)
If not mastered it, yet, just got some lucky streak, after losing streak, You don t lose Your All money, Your family, Your Psych Capital...So, You can continoue to learn.
So, controll Your risk, every possible way. Find the best ratio, it means.

I like where your going Profit Hunter.

Try to 'catch' what is so hard, for people in trading.
Trading is a common sense game.
Than WHY? WHY can not do it so many definitely inteligent people?
If You can answer that, You are one step forward again.
(No, it s again, not the entry point, yet.)
Personality, and human brain.

Personality: - never give up. Be able to keep Your Psych Capital.

Human Brain: programmed to avoid uncertainity.
That s saved lot of people lifes during centaries. But in trading there are almost everywhere uncertainity and contradictions.
And THAT is really hard to conquer. You must Win over Yourself. (Sure, You already heard it somewhere, and in trading, You will learn what it means.)
Why?

The Market can do anything, in any minute.
(Remember, it s not just a phrase, take it seriously.)
ANYTHING. It means uncertainity.
Now, You have Your rules. This must be the certain element. If You violate them, that little certainity gone, too.
In Your everyday life, You keep the rules and get the reward.(Get a salery, don t detain You...)
Opposite to this, The Market can do anything, in any minute.
It also means, it can get money from You for a reasonable action, and can reward You for something idiot doing.
Now, this is really, uncertainity!
What can You do, than? NO RULES here to follow?
But, Yes, there are, just a little different the mood here.

One trade is not count, just the series of trades.

It makes a big difference, in many ways, to examine trading. It means, ea.: Not that count weather You won or lost on a given trade, but You kept the rules or not.
So, You can make classes for Your trades:
1, Good (You kept the rules)
2, Good win (You kept the rules and got some money)
3, Bad (Not kept the rules)

There is no bad win. On the long way, it means Your acc. will ruin, so thats not a win, even now the Mkt. gave You something. A bad trade is a mistake.
If You realise You made a mistake, mend it, AT ONCE!

So, prepare Your brain to handle uncertainity. This must be reflected in Your MM, Psychology, and trading style, too.

Am I so clear, or just write to Myself?

you are doing good... keep on please...


V

I'm reading too, feel free to continue

MM

I believe the quote above to be one of the most important "bits" in the learning process.

You don't learn by making money but you learn by obeying the rules (your own) and judging the outcome if it is the best it could have been.

That said, rules are there to be mended, broken, massaged etc.. you can't define a set of rules and then expect the market to obey them.

One "rule of thumb" is you cannot compensate for lack of capital with bigger position sizes or risk. There are no shortcuts.

Yes, You are the one, who is expected to obey to the rules. Rules are for You, to give You the chance to survive. Rules are based on experience, how humans typically behave on a given (supposed identified) situation.
The Market is too BIG. You cannot rule it. You must go with it some way. "Go with the (order)flow."

Later I will show something, may be not a shortcut, but sthing You can use to make Your way smoother.

Just a little to do, while proceeding:
I start a thread to this, to not mix things here:
http://www.forexfactory.com/showthre...73#post3426073


Please, write Your solution in that thread!

To do so, You must develope habits, and at the same time, get rid of 'bad' habits. The hardness of doing this come from the 'normal life habits', mainly , as it earlier was discussed, the 'avoid of uncertainity'.
This is why it s so important to make PLANs, and keep them, through every trade. And after a SERIES of trades, You can analise, and if needed, make adjustments.
But the utmost important tihng is, You must develope habits of
1, making,
2, and keeping plans.

Since I always had problems with making AND keeping plans on track, I strongly agree with your statement.

keep posting.

Maybe we should pay attention to this one.

Real Trading Statement of Ultraforex

http://www.mt4stats.com/sig1/twone.gif

No, I do not think so!! Your spamming on every forum will not work. Also, open trades with more than 160 pip DD on some trades?? Looks like no stop loss ea to me which means doom sooner or later.

Regards,
Jeff