IMHO - Hints for Trading

Hi,
I'm a successful trader with more than 8O% of wins expectancy. This happens after years of absorbing and believing everything and at last the understanding appeared to me not like the virgin mother but rather like that all what have been written or said about trading is crap, to say the least. I will not here share my trading system, because firstly i don't have one and even though i've had one it wouldn't suit you but me. I trade through PA, moving averages, trendlines, old shcool indies, fractal, digital, cyclic or even adapted electronic like filtering indies (ehlers and son on.), i mean i don't even need a chart to trade just observing prices is enough. But i do think that lot of people need some system to take position. So what.. It's time for me to help those wandering in the trading business in soft forums like this one or from con men also available here. Here are the hints, randomly:
-The trend is not your friend.
-SL and TP are traps.
-You can enter mostly when ever you want the very thing to know is when to exit.
-Trading is not static , trade dynamically by watching from the tick to the daily bar what to do will appear one time or another.
-Get familiar with the mood; the mood is in the price change. The pace of the change, the direction is not important don't mind if you miss a big move it's often a trap or a noise.
-The exit is the shortest way to make the max amount of pips or the shortest way to loose the minimum of pips .
Sorry for this quasi mystical words but it's all what trading is about.
Mo the fool.

Hi. I have never met a successful trader who needs to start a conversation/thread/letter/pick-up line by saying "I'm a successful trader" to gain "respect" for any further statement.

Second, a successful trader knows most likely what expectancy is. Expectancy is different from your overall winning %.

Third, I cannot be the only person tired of seeing people "glorifying" trading, trying to make it sound like you need the abilities of an old shaman to succeed.

It may be my lack of intelligence that have prevented me finding another way to capitalize on Forex by excluding trends.

SL and TP makes my life easier so I'm not sure what you mean here.

The only statement I can meet you half-way on is "You can enter mostly when ever you want the very thing to know is when to exit". Yes, exit is a vital part of trading and a component neglected by newcomers.

...another "Cryptic Person" (CP ). If you are here to help, why are you giving hints? Haven't we had enough of them already throughout this forum? Show some examples for people in the dark like the rest of us.

sorry guys, but i disagree with one of the statement.

the trend is in fact your friend. not the opposite. iam a trend trader and this where i have made most of my money. seriously.

Sorry i didn't mean it. The purpose here is not to gain respect; trading barely deserve it. Concerning SL and TP; these are useless in dynamic trading and are incompatible with my way of trading. They are simply not on my chart, i simply close when i see it's needed.The same way I don't bother with MM but i used to and as i mentioned i do believe that most people do need a trading system to take position and this often include sl, tp and MM.
What i can say for sure is that you have to know thoroughly all that stuff and use it for real to be convinced that trading is simpler than that. What have served me the most was to take a long break to get rid of all of these habits.
I'am not glorifying trading neither saying that you need to be a shaman but, not in the same way as you are , i'am also tired of people trying to glorify trading systems, money management, miraculous indicators and all the money makers around individual trading. And by the way i have nothing to sell.

I don't know why am I even reading this

Most of the sentences in my first post are voluntarily iconoclast. ''waiting for the trend '' is probably the worst way to apprehend the market. It makes you blind. Just try some, let's say any kind of support resistance level or channel on a demo and enter against the trend. Open another chart and do the opposite on the same pair at the same moment. Do this let's say 20 times, i can tell you that the result will be approximately the same meaning that the trend, your friend, if you wait for it, is preventing you to see other opportunities. Knowing that day trading is based on the maximum opportunities you will loose time waiting; this is applicable to any signal based strategy (trending or swinging). If this was not true this would suggest that mechanical trading can work this is not the case apart for deep pockets who can handle huge drawdowns.
Just enter anywhere on a demo and let your discretionary sight deploy itself. Try it you have nothing to loose.

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You're reading this because you're looking for solutions. I could've come here with a very nice trading strategy based on nice indicators with very profitable hindsights. And everyone would be glad but let me tell you that those making money are not here, neither they are selling books or articles.

"And the exit is the shortest way to make the max amount of pips or the shortest way to loose the minimum of pips ."


This phrase was very good, i enjoyed reading it
This explain many things about your trading style, i like it.

Good job!

Well, the trend IS your friend indeed at the first 2 phases and it becomes your worst enemy and nightmare in the last phase.

Risk Management have never been a trap. Limiting the amount that you can lose has been a wise thing ever since trading has been about. Every single trader who never respected risk was rewarded the way he/she should be.

Of course trading is not static because the market is always very dynamic. The statement you mentioned totally destroys the concept of history repeats itself. You really don't have to wait in every single situation for the market to tell you what to do, because it's usually too late to take action.

I am a believer in History repeats itself. It doesn't have to be exactly the same, but it's usually very close. Saying that what to do depends on watching the market from the tick to the daily bar says that you really don't need to study history because there is no point and thus enforces the fallacy that the market is totally random!!! which I really don't buy in.


Regards,

Nader

Nor your enemy. he is just another guy
Without knowing market volatility, trend means nothing
That's what SL and TP are for. For exit...
There are many trading "systems" use complex TA for entry, and account equity for exit. Money management...

whats the most important?

MM, Entry or Exits?

Water,Food, or Air?


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