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The truth about trading

  • #141
  • Jan 22, 2010 7:20am Jan 22, 2010 7:20am
Quoting Tradester
+1
good to know i'm not alone here
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #142
  • Jan 22, 2010 7:24am Jan 22, 2010 7:24am
Quoting Turveyd
You don't need to predict anything to see which way the market is going though, the people who make money do this, the people that attempt to predict things generally fail.

Depends on what you mean by "..to see which way the market is going". The trend may be up on a daily chart but if I see a good trade moving down on the 10 minute chart, I won't hesitate a second to take it.

You say you trade short time frames, so you should know this better than anyone.
  • #143
  • Jan 22, 2010 7:28am Jan 22, 2010 7:28am
Quoting Turveyd
good to know i'm not alone here
Of course you're not alone , there are 95% of you not making any money.
  • #144
  • Jan 22, 2010 8:15am Jan 22, 2010 8:15am
Quoting moneymaker2
Depends on what you mean by "..to see which way the market is going". The trend may be up on a daily chart but if I see a good trade moving down on the 10 minute chart, I won't hesitate a second to take it.

You say you trade short time frames, so you should know this better than anyone.

My trends are based on S10 and M1 charts, my SMA's work out the same value wise on both, M1 is lacking a really short SMA and gains a longer SMA why I need both, these well EMA's are how I view the current direction.

What the trend on the D1's is, isn't really going to add anything useable to my 2min 20second 16EMA S10!!

Still a works in progress, only had S10 charts for 2weeks and been very busy, up a bit this week though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #145
  • Jan 22, 2010 8:36am Jan 22, 2010 8:36am
Quoting Turveyd
My trends are based on S10 and M1 charts, my SMA's work out the same value wise on both, M1 is lacking a really short SMA and gains a longer SMA why I need both, these well EMA's are how I view the current direction.

What the trend on the D1's is, isn't really going to add anything useable to my 2min 20second 16EMA S10!!

Still a works in progress, only had S10 charts for 2weeks and been very busy, up a bit this week though.
If you don't mind Turvyd, could you tell me ( I don't want to know HOW you trade) is it smas or emas you use, and which ones on the 1 min chart?
  • #146
  • Jan 22, 2010 8:39am Jan 22, 2010 8:39am
Quoting Darkcarnival
If you don't mind Turvyd, could you tell me ( I don't want to know HOW you trade) is it smas or emas you use, and which ones on the 1 min chart?

All EMA's currently, M1 EMA26, EMA60, EMA200.

You need the S10 chart though ( Tried for ages without ) to see the turn up and the fail to exit with a small enough loss.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #147
  • Jan 22, 2010 8:59am Jan 22, 2010 8:59am
Quoting Turveyd
You don't need to predict anything to see which way the market is going though, the people who make money do this, the people that attempt to predict things generally fail.
They fail at trading but someone is always willing to pay for a prediction.
  • #148
  • Jan 22, 2010 9:03am Jan 22, 2010 9:03am
Quoting Turveyd
All EMA's currently, M1 EMA26, EMA60, EMA200.

You need the S10 chart though ( Tried for ages without ) to see the turn up and the fail to exit with a small enough loss.
You mentioned SMAs in your post what value smas do you use?
  • #149
  • Jan 22, 2010 9:09am Jan 22, 2010 9:09am
Quoting Darkcarnival
You mentioned SMAs in your post what value smas do you use?
Just I just wrote SMA's out of habit sorry!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #150
  • Jan 22, 2010 9:52am Jan 22, 2010 9:52am
Quoting Turveyd
Just I just wrote SMA's out of habit sorry!!
...ok no prob, thank you.
  • #151
  • Jan 22, 2010 11:42am Jan 22, 2010 11:42am
Quoting Razorjack
My friend, luck helps, but truly understanding what moves the markets works much better.

I already know their game, I basically trade long term like most of the institutions do, except that I've learned to get in slightly "ahead of the market".

When I get it right, I essentially let the institutions push the markets in my favor and make me money!

See post #62 in this thread.
Agreed!

Randomness is the enemy, not manipulation. To whatever extent manipulation creates predictable trends and patterns, it is the shrewd trader's friend.
  • #152
  • Jan 22, 2010 9:48pm Jan 22, 2010 9:48pm
Quoting hanover
Agreed!

Randomness is the enemy, not manipulation. To whatever extent manipulation creates predictable trends and patterns, it is the shrewd trader's friend.
Never thought of randomness as an enemy.
  • #153
  • Edited 10:37pm Jan 22, 2010 10:23pm | Edited 10:37pm
Quoting Parazite
LOL...good luck, you will need it!

It is all about manipulation.....figure out how to play their game,
and price chart is all you need.

U mean Stop hunting?
100% of traders are losers. Just that some win more than they lose!
  • #154
  • Jan 22, 2010 10:25pm Jan 22, 2010 10:25pm
Quoting Razorjack
Hi myfx,

Yes you are right, every forum has their trolls and attention seeking crackpots.

Ok, here are MY truths:

1. You can make money trading any time frame as long as your trading style is adapted to your personality.
I think after the education and the experience it all boils down to that single sentence above. Eventually, You WILL become the system.
100% of traders are losers. Just that some win more than they lose!
  • #155
  • Jan 22, 2010 10:25pm Jan 22, 2010 10:25pm
Quoting The Fool
You rang?

Institutional traders don't give a rat's ass about the retail trader's mini-lot trades. Don't you know anything about trading?
LMAO...btw, is this "MIKE" ?
100% of traders are losers. Just that some win more than they lose!
  • #156
  • Jan 23, 2010 2:54am Jan 23, 2010 2:54am
Quoting Mr demark
LMAO...btw, is this "MIKE" ?

I'd guess most of the Mini Lot brokers don't put your order up they really on most people lose so t hey just take there money and pay out much less than they take in sadly.

Never been 100% sure what the deal is here.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #157
  • Mar 20, 2011 5:19am Mar 20, 2011 5:19am
Quoting Turveyd
How do you come up with the number 1.0850 ?? I don't believe predictions are possible 4hours out let alone days / weeks so basing this on charts of fundemental reasons ??

I'm not the 1 preaching 10 - 15% per year check around thats the general H4 consensus and anything above this they laugh at.



Predictions explained, The Direction of the market is visible, but when / where that direction will change is not predictable, why I'm a Direction trader in really short TF's as it enables me to see it quicker and get out quicker when it runs out....
I hope you have learned something in the last year. A perfectly good thread ruined yet again.
  • #158
  • Mar 20, 2011 7:32am Mar 20, 2011 7:32am
Quoting Turveyd
.... I don't believe predictions are possible 4hours out let alone days / weeks so basing this on charts of fundemental reasons ??

Predictions explained, The Direction of the market is visible, but when / where that direction will change is not predictable, why I'm a Direction trader in really short TF's as it enables me to see it quicker and get out quicker when it runs out.
I find your last comment a bit contradictory. How can you say that you don't believe in "predictions" above H4 and at the same time believe you can see those and adapt faster in really short term TFs.

Charts are a technical "construction" to rationalize price moves in a quantifiable way. Underlyings on price/markets moves don't give a damm if a chart is M1 or a Yearly chart. So is as valid/good or invalid/awful to predict/measure/trade a move in M1 or in a daily chart the only thing that change is the TIME required and Range you are trying to bet on.

While you probably can capture an intraday change in direction before London open for a few ticks because you recognize a certain pattern, indicator, order flow or whatever you are using, other traders may have a couple of weeks to clearly see that EUR/USD has changed direction at 1.19 and reversed to the next R or whatever (the TA reason, target, etc is as irrelevant as your reason to take a trade in a small timeframe)

In simple words, if you are trading without charts reading (T&S as a stupid example) and getting in and out only based on bid/ask action despite any timeframe you may have valid point in your previous comment but even if you do that you can't dismiss any other trading system just because is outside of your time/range scope.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #159
  • Mar 20, 2011 2:04pm Mar 20, 2011 2:04pm
Quoting sisse
I find your last comment a bit contradictory. How can you say that you don't believe in "predictions" above H4 and at the same time believe you can see those and adapt faster in really short term TFs.

Charts are a technical "construction" to rationalize price moves in a quantifiable way. Underlyings on price/markets moves don't give a damm if a chart is M1 or a Yearly chart. So is as valid/good or invalid/awful to predict/measure/trade a move in M1 or in a daily chart the only thing that change is the TIME required and Range you are trying...

I don't believe in predictions, M1 or S10 or anything else either, infact there is no way to predict anything ever in this game, it's to complex and hidden from us to do so.

BUT.... you can see the Momentum is pushing the market higher on shorter TF's, Live and profit from them, I don't know when it will stop and turn, you just need to adapt to it as it does it.


There are times, like the drop from 2.10 GU to 1.35 area where momentum translates well into D1 charts but there not often enough to make a full time living off.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #160
  • Mar 20, 2011 2:33pm Mar 20, 2011 2:33pm
Quoting Turveyd
I don't believe in predictions, M1 or S10 or anything else either, infact there is no way to predict anything ever in this game, it's to complex and hidden from us to do so.

BUT.... you can see the Momentum is pushing the market higher on shorter TF's, Live and profit from them, I don't know when it will stop and turn, you just need to adapt to it as it does it.


There are times, like the drop from 2.10 GU to 1.35 area where momentum translates well into D1 charts but there not often enough to make a full time living off.
UR so wrong!!

A major level once broken will almost always get retested, ON EVERY TF.

Every trend is most likely a re-test of a break of SR two timeframes higher.

I was going to state the obvious but think about it for yourself.
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