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Nearly Naked (Simple Trades)

  • #8,301
  • Aug 29, 2010 4:08pm Aug 29, 2010 4:08pm
Quoting MktScape
Hi Petar,

Thanks for responding and the caveat on going full time trader .... i am in no rush to go full time until i achieve the desired level or competency (may be a couple of years from now) and account balance which can keep one afloat during dry periods.

Since most of you guys are FTT therefore I was wondering as to how you (and other full time traders here) are managing being working as a full time traders and how long on average it took to reach there ..... did you guys switch to trading from your day jobs ?

I am hoping that there...
I am student,i studing Economy this year is my finish year.Also i work for company like trader asistent and i work for my own account

For this i needed 2 years (active practice and learning) about 10 h per day every day.Also important thing on Forex is,some guys cant be traders becouse they have bad psyholoy also they dont have patince.Same in sport we have good sportist and bad but same like here 90 % are bad just 10-15 are profesional


Petar
"Buy on fear, sell on greed !!!
  • #8,302
  • Aug 29, 2010 4:21pm Aug 29, 2010 4:21pm
Quoting Petar_Serbia
....Also important thing on Forex is,some guys cant be traders becouse they have bad psyholoy also they dont have patince.Same in sport we have good sportist and bad but same like here 90 % are bad just 10-15 are profesional
...
yes yes yes.
yes yes yes.
the truth of this can't be emphasized enough.
forexfactory is the best proof of that. just check the threads with "new" trading systems. as soon as a new thread apperas, so many members join the discussions, throwing in indicators, eas and so on. slowly but steady this dry out. posts became lesser and lesser...
why? because most of the members look for fast and high profits. but they do hardly come. most do not have the patience and don't stick to their style.
meine augen sind die sterne
  • #8,303
  • Aug 29, 2010 4:42pm Aug 29, 2010 4:42pm
Quoting MktScape
Hello Saxson, redsword11, Marc, Petar and all the other respected traders . This is my first post on this thread and wanted to introduce myself as I look forward to contribute here more often.
Hi MktScape. Welcome to the thread!

I post charts often with my perspective so ask questions if you have any.

Happy Trading!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,304
  • Aug 29, 2010 5:19pm Aug 29, 2010 5:19pm
Quoting MarcVUM
Hi MktScape. Welcome to the thread!

I post charts often with my perspective so ask questions if you have any.

Happy Trading!
thanks Marc ... look forward to your perceptive on charts and some good discussions.
  • #8,305
  • Aug 29, 2010 5:28pm Aug 29, 2010 5:28pm
lets trade...........
  • #8,306
  • Aug 29, 2010 5:37pm Aug 29, 2010 5:37pm
Kinda an unexpected AU gap for me. I though we would have seen a little more friction in our closing PPZ last week.
  • #8,307
  • Aug 29, 2010 5:53pm Aug 29, 2010 5:53pm
Quoting Saxon
Kinda an unexpected AU gap for me. I though we would have seen a little more friction in our closing PPZ last week.
Ya, but like you said earlier it is sitting at an important Fib level. 55% retrace from the most current low last week. I wouldn't be surprised if we retouch the highs at 9200 again though.
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #8,308
  • Aug 29, 2010 6:15pm Aug 29, 2010 6:15pm
Quoting MarcVUM
Ya, but like you said earlier it is sitting at an important Fib level. 55% retrace from the most current low last week. I wouldn't be surprised if we retouch the highs at 9200 again though.
Marc i agree with you,we can see even higher but that will depend from fundamental,tehnicly we can go higher than 9200...



This is one chart i will post another :


We have my formation + strong points verz good bulish,i took from AUDUSD last week good pips i expext same this week
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"Buy on fear, sell on greed !!!
  • #8,309
  • Aug 29, 2010 6:23pm Aug 29, 2010 6:23pm
Quoting Petar_Serbia
Marc i agree with you,we can see even higher but that will depend from fundamental,tehnicly we can go higher than 9200...



This is one chart i will post another :


We have my formation + strong points verz good bulish,i took from AUDUSD last week good pips i expext same this week
This is a larger view :

THis is chart for larger frame i will wait to see good setp on smaller frame this week to take trade...


Cheers


Petar
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"Buy on fear, sell on greed !!!
  • #8,310
  • Aug 29, 2010 6:26pm Aug 29, 2010 6:26pm
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  • #8,311
  • Aug 29, 2010 7:47pm Aug 29, 2010 7:47pm
Hello guys i go to sleep...I wish you good trades,my advice dont trade today,GBP Holyday...I will trade from tomorow...



Cheers





Petar
"Buy on fear, sell on greed !!!
  • #8,312
  • Aug 29, 2010 7:48pm Aug 29, 2010 7:48pm
Quoting Petar_Serbia
I am student,i studing Economy this year is my finish year.Also i work for company like trader asistent and i work for my own account

For this i needed 2 years (active practice and learning) about 10 h per day every day.Also important thing on Forex is,some guys cant be traders becouse they have bad psyholoy also they dont have patince.Same in sport we have good sportist and bad but same like here 90 % are bad just 10-15 are profesional


Petar
the link between the 2 here are the most important - most people with some ability can become professional sportspeople - you just need time and the will to want to train train train... Most pro sports now are repetitions of rehearsals in training, which once done again and again are played out in a game with great accuracy! I should know, used to play a bit of full time rugby - was lucky as it paid for my college tuition.

moral of the story - you don't have to be exceptional or gifted to do something to a high standard/full time/professional - practice, practice and practice to become competent and then consistent, there is the key. the gifted ones are those who become world class - theyre the 5%!

"Millionaires don't use astrology, billionaires do"
  • #8,313
  • Aug 29, 2010 8:00pm Aug 29, 2010 8:00pm
Quoting forex_growth
the link between the 2 here are the most important - most people with some ability can become professional sportspeople - you just need time and the will to want to train train train... Most pro sports now are repetitions of rehearsals in training, which once done again and again are played out in a game with great accuracy! I should know, used to play a bit of full time rugby - was lucky as it paid for my college tuition.

moral of the story - you don't have to be exceptional or gifted to do something to a high standard/full time/professional...
Yes but traiinig is not everything my friend.You need to have talent,genes and a bit of luck than you need to mix up all together and puf you can be a star...


I go to sleep now...


Petar
"Buy on fear, sell on greed !!!
  • #8,314
  • Aug 29, 2010 8:26pm Aug 29, 2010 8:26pm
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supply zones approaching
  • #8,315
  • Aug 29, 2010 8:58pm Aug 29, 2010 8:58pm
I disagree with this. With true desire and intelligent perserverance these attributes can be cultivated and refined over time.
Quoting Petar_Serbia
Also important thing on Forex is,some guys cant be traders becouse they have bad psyholoy also they dont have patince.Same in sport we have good sportist and bad but same like here 90 % are bad just 10-15 are profesional


Petar
Annoying Precision
  • #8,316
  • Aug 29, 2010 9:04pm Aug 29, 2010 9:04pm
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  • #8,317
  • Aug 29, 2010 9:04pm Aug 29, 2010 9:04pm


Quoting erikte279
I disagree with this. With true desire and intelligent perserverance these attributes can be cultivated and refined over time.
"Millionaires don't use astrology, billionaires do"
  • #8,318
  • Aug 29, 2010 10:00pm Aug 29, 2010 10:00pm
Quoting erikte279
I disagree with this. With true desire and intelligent perserverance these attributes can be cultivated and refined over time.
Agreed

I still haven't gotten to reading the book as a man thinketh. Been focusing on 'the secrets of mental math' because my math garden wasn't cultivated as it should have been in my earlier days.. And since you have to be a number cruncher to work in a trading company.




Quoting erikte279
Post from Rufus Journal.


I am always reading and studying things to help out my trading. Right now it is "As a Man Thinketh"



A man's mind may be likened to a garden, which may be intelligently cultivated or allowed to run wild; but
whether cultivated or neglected, it must, and will,

[left]bring forth[font=TimesNewRoman][size=3][font=TimesNewRoman][size=3]....
A person is only limited by the thoughts he chooses.Þeir fá byr sem bíð
  • #8,319
  • Aug 29, 2010 10:52pm Aug 29, 2010 10:52pm
Thanks

As for the book, just look at it as an unopened christmas present from James Allen.

As for the math, I would definatley say it would be useful as would a study in unorthodox pattern recognition

Quoting s2659
Agreed

I still haven't gotten to reading the book as a man thinketh. Been focusing on 'the secrets of mental math' because my math garden wasn't cultivated as it should have been in my earlier days.. And since you have to be a number cruncher to work in a trading company.
Annoying Precision
  • #8,320
  • Aug 29, 2010 10:58pm Aug 29, 2010 10:58pm
Wheres Waldo?

I'm not an atheist and I don't think I can call myself a pantheist. We are in the position of a little child entering a huge library filled with books in many different languages. The child knows someone must have written those books. It does not know how. The child dimly suspects a mysterious order in the arrangement of the books but doesn't know what it is. That, it seems to me, is the attitude of even the most intelligent human being toward God.
—Albert Einstein[98]
Annoying Precision
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