What do you absolutely know about the Market?

Let us never become one of the many.

the left side of the chart is predictable and clear

some one forgot to tell the right side to behave

Dumber money > Dumb money > Smart money > Smarter money.

Dumb money thinks they are smart enough and try to be in the smart or smarter section but no vail.
Dumb money quits after trying that they can not make it; they became smart.
Dumb money can increase their equity when they hire smart or smarter to manage their money; they became smart.

One thing I have realized since I found my way of trading;
there is no in between dumb and smart; either you are dumb or smart; some will never realize.


The expert of my opinion

Paradigm Shift:

The market is a friendly place. The market will provide.

I heard someone said that average traders look to the left-side of the chart, great traders look to the right.

But if I where to answer myself to the question addressed by the thread, the thought that I may know something about markets it scares me, but one of my friends said to me that's knowledge of the history and business cycles.

all the best!

two pro trader can go long and short on same currency and still make money.....


V

Talk of risk on and risk off is just a bunch of gobbledygook.

Price is where it is, because it is supposed to be there. Price is supposed to be there, because that is where price is.

It's as simple and as difficult as that.

martians look down at earth and think humans aren't the full ticket

More willing demand means price will rise. More willing supply means price will fall.

Participants come from different time frames, and are influenced by a wide variety of factors.

1. To prevent brokers running stops: don't put entries/stops where the crowd does. They hunt where the biggest concentration of orders are.

2. Know most tech analysis & trading techniques very, very well as that will tell you where the rest of the traders are putting stops/entries.

3. Put entries where others are putting their stops or beyond. That's where the BIG $ runs out money to sustain trend & takes profits causing a reversal.

These trades give you the biggest return on risk as you are trading the way the big guys do.

A objective truth about the market is that...

... there is a delay.
Without this delay, no-one can ever make a profit or make a loss for someone else to profit.

Not one "leading indicator" will ever (and for all eternity) make you into a profitable trader.

For the fact that there will always be a delay; Whenever one market condition change into another market condition... Whenever momentum change from one direction into another...

This "change" from one form into another (I call "The Shift dimension")...

This is an objective fact that ANY indicator, system, strategy...
WILL ALWAYS have a convergence/divergence nature/behavior in its every signal creation/formation. And if you can't identify these differences between any signals... then one will go round and round and round and round in circles.

I approach this thing same way.

Tell ur brother this one of the best quotes i've ever read.

Very Motivational for me.
.

The market creates "pseudo-experts" whose ideas are unclear and difficult to follow.

A true expert will be able to explain complicated ideas in ways that are clear and easy to understand.

(Curtis Faith, Way of the Turtle, pg .134)

Adapt to market condition changes. One mistake that I always catch myself in. Think of it as a cycle of weather changes. Except, seasons come and go MUCH faster. Each season, you gotta put on a different set of clothes. The currency market is similar, except when it rains, it pours. And when it shines, it is hot ass hell.

I don't really care what or where the price is on any particular pair. I know I can't control the market so the best I can do is to go along for the ride...

I look at my MA's and I see curves up and curves down, that tells me I can trade long and short, so the only thing I have to figure out is when to get in and when to get out. By getting out I mean take profits and stop losses. The trick for me was learning when to open a trade while setting a stop that isn't going to kill me if it gets hit. Some people call this risk/reward ratio.

The next question is when to open a trade, and that is what we all have to learn. We can use MA crosses, market sentiment towards a particular currency, such as everyone seems to hate the USD right now, or any number/combination of indicators. We try scalping, or trying to trade the news (especially the Non Farm Payrolls). Some people thrive off short term daytrading while others are quite content trading medium to long term. Nothing is 100%, but we have to find what works for each of us. Most important for me, is that I HAVE the patience to let the trade come to me instead of trying to chase down everything going on.

For example, on the aussie's last run from 1.00 to 1.10, after a certain point I wasn't comfortable going long because the aussie was in uncharted territory and I had no idea where it would end up, so I stayed out. Sure I didn't make a bunch of pips, but on the other hand I didn't lose any money either, and I'm sure there are traders who bought at 1.10 and are praying price goes back (while feeling quite stupid for going long) and price may go back to 1.10 but no one really knows do they? On the other hand when any pair is in a strong trend, I am not going to attempt to pick a top or bottom either.

I read a quote on here when I first started trading that went something like this..."I'd rather be out of a trade and wishing I was in, then stuck in a trade I wished I was out of."

FWIW, I have an 80% success rate, with an average of 40 pips per win and 50 pips per loss. Those numbers may seem backwards but it's taken quite awhile to get that win average up, and the loss average down. I am still fine tuning my style to fit how I want to trade, but I know I'm on the right track.

buy low and sell high..thats the only way you are going to make big money..

The more Indicators you need
The more confused you get

It's what do you know about the market

not what do you know about trading in general

dig deep

I absolutely know that i probably know enough!

People make it move!!