Hi guys and girls.
This thread is opened to all positive people who likes to think
with their own head. I want to point some of you in right direction.
Im not any different from majority here, I felt in same trap like most do!
All I know, I learned the hard way, I did all the possible mistakes a trader can do....but now my mind is fit for trading, and that is realy the hardest part!
In the beggening, my charts was a colorfull mess.....I was jumping form one system to another, constantly switching indicators, but bassicaly I was only hidding the truth. Yes, indicators lag, we all know that but....do your REALY KNOW THAT???? I read alot of newbie post like, my broker is hunting my stops or trading against me....I feel like every trade I execute goes against me instantly.....
NO, brokers are not enemy, they are just doing bussiness, the real enemy is you and your load of lagging indicators. By the time your multi indicator system points you in a direction of the trend, THE MAJORITY OF MOVE IS OVER!!! STOP USING INDICATORS IN STANDARD WAYS.
Nearly every broker wrap their trading platforms in technical tools. Everyone's on the same page. Technology dictates reality ...
Dont let the technology dictates your reality......you want to know reality!?? Technical analysis behaves differently in offline and online conditions. Technical analysis was developed in an offline world, for END- OF-DAY-USE, then adopted into the online world. The core of TA is to
observe past, not the future like many of us use it for!
The pros use technical analysis to know where key levels are. These levels will be used to their advantage for a stophunt. Indicators can be deadly weapons, when used against you.
Im not a big fan of books, especialy if they are written in near past.
I have a big respect only for the old school traders, cos the reality is
that any method, indicator, book.....etc....is only a x variation of old school basics! The basics of anything in trading world is a extract of just 2 things; VOLUME AND PRICE, SUPPLY VS DEMAND.
Please, dont come here and talk about that volume in FX doesnt work,
cos you are 100% wrong, and I will not go into that discusion!
In next weeks Ill try to transfer some of my knowledge to willing traders.
This is realy a basic old school method, pretty simple, and has a very god
R\R ratio, with great hit rate......see ya
This thread is opened to all positive people who likes to think
with their own head. I want to point some of you in right direction.
Im not any different from majority here, I felt in same trap like most do!
All I know, I learned the hard way, I did all the possible mistakes a trader can do....but now my mind is fit for trading, and that is realy the hardest part!
In the beggening, my charts was a colorfull mess.....I was jumping form one system to another, constantly switching indicators, but bassicaly I was only hidding the truth. Yes, indicators lag, we all know that but....do your REALY KNOW THAT???? I read alot of newbie post like, my broker is hunting my stops or trading against me....I feel like every trade I execute goes against me instantly.....
NO, brokers are not enemy, they are just doing bussiness, the real enemy is you and your load of lagging indicators. By the time your multi indicator system points you in a direction of the trend, THE MAJORITY OF MOVE IS OVER!!! STOP USING INDICATORS IN STANDARD WAYS.
Nearly every broker wrap their trading platforms in technical tools. Everyone's on the same page. Technology dictates reality ...
Dont let the technology dictates your reality......you want to know reality!?? Technical analysis behaves differently in offline and online conditions. Technical analysis was developed in an offline world, for END- OF-DAY-USE, then adopted into the online world. The core of TA is to
observe past, not the future like many of us use it for!
The pros use technical analysis to know where key levels are. These levels will be used to their advantage for a stophunt. Indicators can be deadly weapons, when used against you.
Im not a big fan of books, especialy if they are written in near past.
I have a big respect only for the old school traders, cos the reality is
that any method, indicator, book.....etc....is only a x variation of old school basics! The basics of anything in trading world is a extract of just 2 things; VOLUME AND PRICE, SUPPLY VS DEMAND.
Please, dont come here and talk about that volume in FX doesnt work,
cos you are 100% wrong, and I will not go into that discusion!
In next weeks Ill try to transfer some of my knowledge to willing traders.
This is realy a basic old school method, pretty simple, and has a very god
R\R ratio, with great hit rate......see ya
