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Forex Trading & Secrets!?!

  • #81
  • Edited 4:25pm Jun 25, 2011 4:07pm | Edited 4:25pm
Hello, I only have a little more than a years experience (full time), but believe that a one good secret is...

Not letting yourself doing something stupid while waiting for proper time to enter the market.( forcing the market doesn't work ).

Thank you for all your comments. Very infomitive...

Cheers!

Chilly
  • #82
  • Jun 25, 2011 4:10pm Jun 25, 2011 4:10pm
Quoting funlovinj
Wanna bigger penis?
Quoting funlovinj
Dont ask
Quoting funlovinj
i know
@funlovinj: This is how it looks like when you take things out of context
  • #83
  • Jun 25, 2011 4:13pm Jun 25, 2011 4:13pm
Quoting CrucialPoint
@funlovinj: This is how it looks like when you take things out of context
Its the J in funlovinj

ahh you changed it you bugger lol

OK I need to stop lol. Im sorry folks.
Searching for a cure...:nerd:
  • #84
  • Jun 25, 2011 4:15pm Jun 25, 2011 4:15pm
Quoting Chicky
I totally, totally and totally disagree with this statement. Don't take it personally, but I know because have ties with one such cultures that has been wrongly accused of such practice. http://en.wikipedia.org/wiki/Assassins. A historic baseless political statement should not misguide generations that followed and yet to come. ANYTHING THAT HAMPERS HUMAN BRAIN'S CAPACITY TO PERFORM AT OPTIMUM CAN NEVER BE GOOD. AVOID THOSE SUBSTANCES. This is what we believed at that time, still do and will continue to do.
I definitely would not advocate taking drugs in order to learn how to trade. I just thought it was an interesting statement from a clinical standpoint. In the 60's a lot of jazz musicians used cocaine in order to stimulate their creative juices (or just to be stoned in most cases). Cocaine was considered a drug of choice for the high society types and if you had the money to afford it, you could experience it. Rock musicians were also users....Jimmy Hendricks came up with some extremely out of the box stuff as a user of drugs (he was also quite talented). Should a trader use drugs?......absolutely not......because the negatives of drug use will eventually catch up and overtake the positives of drug use. However, I truly believe that if you do what everyone else is doing as a trader, you will get similar results. The market makers are relying on new traders to look at things in the way that they have been told in order to take advantage of them. If you think outside the box, you will hopefully experience more positive results.
  • #85
  • Jun 25, 2011 4:45pm Jun 25, 2011 4:45pm
Here is a trading secret:

"There is really only 1 way to make money in trading."


Whether you are swing, trend following, hedging, long term, scalping, intraday, elliot waves, gann, wolf waves, fibonacci, forks, reversals, pit, gartley, COT, news, volume, technical or fundamental traders, etc... You all do the same thing; You only make a profit when you capture price movement from point A to Point B.

When you eliminate all the fluffs, there is really only 1 way to make money. Yet you have been presented with tones of sugar-coated ideas of trading. When you get your head around this idea, floodgates will open and you will take your trading to a new plateau.
  • #86
  • Jun 25, 2011 4:55pm Jun 25, 2011 4:55pm
Good point CP and a good thread that was too.
Searching for a cure...:nerd:
  • #87
  • Jun 25, 2011 5:56pm Jun 25, 2011 5:56pm
Quoting CrucialPoint
Here is a trading secret:

"There is really only 1 way to make money in trading."


Whether you are swing, trend following, hedging, long term, scalping, intraday, elliot waves, gann, wolf waves, fibonacci, forks, reversals, pit, gartley, COT, news, volume, technical or fundamental traders, etc... You all do the same thing; You only make a profit when you capture price movement from point A to Point B.

When you eliminate all the fluffs, there is really...
I agree.....however when you are not looking at the market in the right context; it is extremely good at "tricking" your eye into thinking you have a good trade set up when you really don't. It took me years to figure out why a signal would work one day but fail the next day.
  • #88
  • Jun 25, 2011 5:56pm Jun 25, 2011 5:56pm
Quoting funlovinj
I would like to point out that my previous post was not a reccomendation to use any illicit substances. Not only as they may be illegal in your area but because the harm out weighs the benifit of taking them.
Ask yourself do you still take drugs now and do the reasons why you started in the first place have any significance in your life today?
I wouldnt risk my life by driving under the influence of drugs or alcohol,so why are people risking their money trading under the influence of an illicit substance?
Its a business, not a game.
Good point i would defenitly never trade high but i again i dont really trade much , i usually lose .. lol i take orders from a quarter flip ;P
  • #89
  • Jun 25, 2011 5:58pm Jun 25, 2011 5:58pm
Quoting Troikaone1
I definitely would not advocate taking drugs in order to learn how to trade. I just thought it was an interesting statement from a clinical standpoint. In the 60's a lot of jazz musicians used cocaine in order to stimulate their creative juices (or just to be stoned in most cases). Cocaine was considered a drug of choice for the high society types and if you had the money to afford it, you could experience it. Rock musicians were also users....Jimmy Hendricks came up with some extremely out of the box stuff as a user of drugs (he was also quite...
"There never were any shattered nerves or rum-shaken limbs to spoil my game. I couldn't afford anything that kept me from feeling physically and mentally fit. Even now I am usually in bed by ten. As a young man I never kept late hours, because I could not do business properly on insufficient sleep" - Jesse Livermore

"The market will always be there to benefit from. I have acquired the confidence that hundred years from now there will come a man called Chicky with a professionally dispassionate attitude towards his own method providing bread and butter to himself and many others" - Jesse Livermore
The Thief of Wall Street
  • #90
  • Jun 25, 2011 6:16pm Jun 25, 2011 6:16pm
Quoting Chicky
"There never were any shattered nerves or rum-shaken limbs to spoil my game. I couldn't afford anything that kept me from feeling physically and mentally fit. Even now I am usually in bed by ten. As a young man I never kept late hours, because I could not do business properly on insufficient sleep" - Jesse Livermore

[color=black][size=2]"The market will always be there to benefit from. I have acquired the confidence that hundred years from now there will come a man called Chicky with a professionally dispassionate...
lol....great!!!
  • #91
  • Jun 25, 2011 6:19pm Jun 25, 2011 6:19pm
Quoting Dvalera
Good point i would defenitly never trade high but i again i dont really trade much , i usually lose .. lol i take orders from a quarter flip ;P
It wasn't about trading while high.....it was about studying your charts while high. The question was whether or not you could uncover an out of the box strategy while in an altered state.
  • #92
  • Jun 25, 2011 6:34pm Jun 25, 2011 6:34pm
The thing about grass (and other psycho-active drugs) is that it temporarily neutralizes the ego. This is especially true with LSD and other stronger hallucination type substances. When the ego defense is down, so are many of our minds predefined ideas. I think this is where the benefit may come in. It's sort of like a synthesis of objectivity.

Again, going back to my previous post about my stoner pal... I really do feel that what he experienced was anchored in the fractal phenomenon. Fractal shapes and designs seem to be a big hit with schizophrenics. While taking psychology in school, I recall seeing illustrations in one of my books that showed what psychotic patients like to draw... surprise, surprise - many images were fractal in nature:

Don't believe me, do an image search for: "schizophrenia drawings"


Anyway, my point is that psycho-active drugs simulate this type of mental disorder, thus producing an interesting interpretation of the charts.

my $0.02
  • #93
  • Jun 25, 2011 6:49pm Jun 25, 2011 6:49pm
Quoting CrucialPoint
Here is a trading secret:

"There is really only 1 way to make money in trading."



Whether you are swing, trend following, hedging, long term, scalping, intraday, elliot waves, gann, wolf waves, fibonacci, forks, reversals, pit, gartley, COT, news, volume, technical or fundamental traders, etc... You all do the same thing; You only make a profit when you capture price movement from point A to Point B.

When you eliminate all the fluffs, there is really...
Yes, that is correct. But where do I put my stop loss??!!
  • #94
  • Jun 25, 2011 6:52pm Jun 25, 2011 6:52pm
Quoting 2+2=4ex
Yes, that is correct. But where do I put my stop loss??!!
Behind point A
  • #95
  • Jun 25, 2011 7:05pm Jun 25, 2011 7:05pm
Quote
The thing about grass (and other psycho-active drugs) is that it temporarily neutralizes the ego. This is especially true with LSD and other stronger hallucination type substances. When the ego defense is down, so are many of our minds predefined ideas. I think this is where the benefit may come in. It's sort of like a synthesis of objectivity.

Again, going back to my previous post about my stoner pal... I really do feel that what he experienced was anchored in the fractal phenomenon. Fractal shapes and designs seem to be a big hit with schizophrenics....
I agree, I love fractals personally. I keep them out of my trading though.

http://www.dangerousminds.net/images...terimente1.jpg


Bottom pics look like DMT visuals which are incredibly fractal. Although animated when you're actually on the drug. When I first looked at these pictures I thought someone who did a lot DMT drew them. I was surprised to find out that he was just a schizophrenic artist.

I've also noticed the same fractal phenomenon while lucid dreaming. There's a specific type of lucid dreaming where you consciously follow your body into a dream rather than realizing in the middle of it. Right before I'm about to enter REM sleep, during the onset of sleep paralysis. I will see these fractals. It really does have a lot of similarities to DMT and these pictures. I've also noticed them while trying to focus on the detail of a dream. Like on a wall or the floor.

It's really weird how ingrained fractals are in the brain. Truly a mystery to me.

No one should trade on this stuff though. These drugs are for thinking, not trading.

P.S. I'm not schizophrenic.
Cautiously optimistic. . .
  • #96
  • Jun 25, 2011 7:16pm Jun 25, 2011 7:16pm
Quoting Troikaone1
I definitely would not advocate taking drugs in order to learn how to trade. I just thought it was an interesting statement from a clinical standpoint. In the 60's a lot of jazz musicians used cocaine in order to stimulate their creative juices (or just to be stoned in most cases). Cocaine was considered a drug of choice for the high society types and if you had the money to afford it, you could experience it. Rock musicians were also users....Jimmy Hendricks came up with some extremely out of the box stuff as a user of drugs (he was also quite...
This is a topic you seldom see here in a public forex forum, but one which I think merits serious discussion. It is documented that drugs alter the mind and how it functions. Of course no one here would advocate to use while in the midst of trading or on a regular basis. That would be foolish. However, I can see it being beneficial to some people when analyzing charts or other information (numbers, figures, patterns, etc). Depending on the person's mind and the narcotic, it may help stimulate creativity or recognize something you didn't before. It has certainly helped people in their professions in the past, such as musicians and artists. Has also helped people in math and sciences. Again, I'm not advocating or suggesting you should do drugs.
  • #97
  • Jun 25, 2011 7:24pm Jun 25, 2011 7:24pm
Quoting Tact1cal
I agree, I love fractals personally. I keep them out of my trading though.

Bottom pics look like DMT visuals which are incredibly fractal. Although animated when you're actually on the drug. When I first looked at these pictures I thought someone who did a lot DMT drew them. I was surprised to find out that he was just a schizophrenic artist.

I've also noticed the same fractal phenomenon while lucid dreaming. There's a specific type of lucid dreaming where you consciously follow your body into a dream rather than realizing in the middle of...
I honestly can't say I notice fractals much, dreaming or awake, but it makes sense that one of the basic functions of the mind is to put things in order. Just like a computer stores information using a simple binary system that is comprised of only 1 and 0's. Maybe fractals is how our mind reduces information for storage or analyzing. The word fractal by definition means fragmented.
  • #98
  • Jun 25, 2011 7:42pm Jun 25, 2011 7:42pm
Charlie Parker, a musician, was another big time drug user that revolutionized jazz as we know it. There are elements of his creative contributions that you can take for granted. Also, Sigmund Freud was a big cocaine user and revolutionized psychological assessments. Again, when you accelerate the brain like that, you will pay a dreadful price for it.

I believe successful trading is about making correct correlations. Like I mentioned before, when I am slightly stressed after a major loss, my brain goes into overdrive and pushes my sub concious to find these correlations. This doesn't happen for everything I discover, but it is a very high percentage of the time for my MAJOR discoveries. It could be a type of Fright or Flight response...............I dunno.......I'm just sayin'!!!
  • #99
  • Jun 25, 2011 7:45pm Jun 25, 2011 7:45pm


Inserted Video
  • #100
  • Edited 8:06pm Jun 25, 2011 7:49pm | Edited 8:06pm
Quoting 2+2=4ex
This is a topic you seldom see here in a public forex forum, but one which I think merits serious discussion. It is documented that drugs alter the mind and how it functions. Of course no one here would advocate to use while in the midst of trading or on a regular basis. That would be foolish. However, I can see it being beneficial to some people when analyzing charts or other information (numbers, figures, patterns, etc). Depending on the person's mind and the narcotic, it may help stimulate creativity or recognize something you didn't before....
There's supposed to be separate neural receptors for some of the more popular drugs, such as for (endo)cannabinoids (http://www.scientificamerican.com/ar...-own-marijuana), muscarinics and nicotinics ( http://www.google.com/search?sourcei...rugs+betel+nut; http://uk.answers.yahoo.com/question...5055147AAFD3LK ),
and widespread effect for others (http://thebrain.mcgill.ca/flash/i/i_...ar_alcool.html ).
Then again, there's potential brain damage ( http://www.amenclinics.com/brain-sci...nd-drug-abuse/).

A CD company (http://www.i-doser.com/index.html ) uses the idea to sell meditations; no idea if it works.
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