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Forex Trading & Secrets!?!

  • #121
  • Edited 11:33pm Jun 25, 2011 11:19pm | Edited 11:33pm
Quoting Chicky
Try meditation.

The art is to get into a state of mind where both your sub-concious and concious minds communciate with each other. In normal state, your concious mind has no idea what is stored in your sub-concious mind. During meditation you may reach a point where your concious mind gets a glimps of certain things stored in you sub-concious mind in perfectly alingned manner. One has no control over what is presented to concious mind, but if you get even a flash of these aligned sub-concious things related to trading, you have hit the holi-grail....
Yea Chicky that sounds great, but I don't want to do meditation. It bores me to be honest. Plus I'm afraid of what crazy s**t I might find which won't help me with trading or life in general. Nothing like homo stuff or anything, but other crazy things. I've read stories of how Freud says your parents are responsible for who you are. I love my parents, I don't want that to change. You know they say we all are crazy, just that we can control it. Most people anyway. Obviously some people couldn't like Jeofrrey Dalmer for example. Just like they say we all have cancer cells in us. Only our body controls them. And when it can't that is when they say you have cancer. Besides it's much more fun to do the party thing and study charts. I think from now on I will call saturday night "chart study time"! Yea! Who's with me?!
  • #122
  • Jun 25, 2011 11:33pm Jun 25, 2011 11:33pm
Quoting nubcake
that's the most STUPID example of something i've heard of in awhile. what day of the week would you think nothing suspicious of some fruit loop giving away "free money". you wouldn't accept a free car from a stranger. you wouldn't accept a free rolex from a stranger. you wouldn't accept a brand new stereo system from a stranger. why is money any different? if something is suspicious then IT'S SUSPICIOUS, and gee wow so surprising that people would avoid it hey.

seriously, come on. stuff like this makes me so mad. let's just condense everything...
Yea, not the best example, but let's not be too harsh on Chicky here. I think the point she was trying to get across was that sometimes things are right under our nose or not as we been taught. However, I don't believe it is so simple with forex. I know in forex no one is holding up a sign saying take this money.

Someone earlier today said that profiting in forex is as simple as price going from point A to point B. This statement has been in my mind all night, but it's really not that simple. There are reasons why it goes from point A to point B. If it doesn't go in that direction then you lose money or put yourself in drawdown. So the key is figure out why it would go from point A to point B, or figure out why it wouldn't go from point A to point B. And when it doesn't, what's the best way and right time to get out and give yourself the best chance on the next go around. That's pretty much it.
  • #123
  • Jun 25, 2011 11:44pm Jun 25, 2011 11:44pm
Quoting Troikaone1
I guess you can liken it to taking down a few wine coolers before the inlaws come in town to visit. It just relaxes you and puts you in a good mood. Do I do this all the time?......No.......but it is OK to do it every now and then in order to release any inhibitions.
Quoting EmeraldEyes
One should be able to live their life as they choose. If you can't trade profitably being stoned/drunk/sober/breathing then you won't last. Simple.

If you get high and are able to have it work in your advantage, then why not. I've been working on this concept for years and can truely say it benefits me.
Wow! The secrets are all coming out! I love this thread! It must be a saturday night isn't it?! LOLOL
  • #124
  • Jun 25, 2011 11:45pm Jun 25, 2011 11:45pm
Quoting Chicky
Send me your trading account details, passwords, etc. I will transfer some money into your account.
Go to hell.
  • #125
  • Jun 25, 2011 11:51pm Jun 25, 2011 11:51pm
Quoting EmeraldEyes
Agreed. Similar to an American bachelor building a comradeship with a female over a couple drinks.
I like this one.
  • #126
  • Jun 25, 2011 11:54pm Jun 25, 2011 11:54pm
Quoting 2+2=4ex
Wow! The secrets are all coming out! I love this thread! It must be a saturday night isn't it?! LOLOL
A boring saturday night at that.
  • #127
  • Jun 26, 2011 1:40am Jun 26, 2011 1:40am
Quoting Troikaone1
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.
the funny thing i kinda have its been 3 months so far profitable i just hope it continues to work
  • #128
  • Jun 26, 2011 3:10am Jun 26, 2011 3:10am
hi all,i thought i would post this post that i posted in my trading journel some months ago ,but it seems fitting to the present topic..................bedtime storey, ive been sitting here reflecting somwhat,and decided to tell myself a bedtime story.
i returned to the uk in 1998 after 5 years living in hongkong ,the Chinese had just taken there ownership back.
me and my partner of the time were breaking up,we had a son of 3 years.she left with my son and at that time i believed it was the right thing for us.the 2 months after this break up,(nearly said breakout)changed my life.i fell into a pit of despair,drunk all day and all night,falling further and further away from control.i lost my family,my business,my car,my house,the whole shooting match,if i was sober i had to get drunk i was torturing myself.eventually i could not take anymore and took sanctuary in my mothers house,were all boys going running back to in there moment of need.i didnt go out ,had no confidence and above all was in a state of morbid depression,something i hadn't felt before.
after a couple of months i picked my son up,he asked could we go to a book shop,whilst there i randomly bought a book on Picasso,enthralled ,i became focused in my old bedroom,focused on this great artist,i stopped my self destruct thoughts.the following weeks i bought all the great artist of that period,immersed in this world of art .i then bought a book on self portrait ,and began this coarse,as i came to the end of this book i realized not only could i paint very good self portraits but 3 months had passed ,when dissecting this i realized i had lost hours and hours painting ,it was a state of mind,i call it tripping over to the other side,on the other hemisphere emotionless but totally aware of intricate detail.
i had in some strange way repaired my mind.
i began a new journey.
i guess 4 years ago ,i found my self trading the ftse100,with a little system that me and a friend bought for 300 english pounds,if traded during the recent crash id be sitting on the beach now,but anyway it reignited a passion for trading ,first installed in me in hongkong,another bedtime story,now my journey in this fx quest (and ftse100 and others)is by no means wonderfully on the right track and just collecting the money,its exactly as it is a journey.the point im trying to make is i trade well when i manage to trip onto the otherside,emotionless but with enough emotion to paint the picture,if i could capture that every time i trade i would for sure have reached the end.
well goodnight and sleep tight.
ps,as men we must take some unknown pleasure from not finding peace,im not lonely,although mentally isolated,
i know have two woman i love,with a distance of thousands of miles between them,thats far more stressful than hitting the buy or sell button,but certainly more fun
  • #129
  • Jun 26, 2011 3:42am Jun 26, 2011 3:42am
Quoting Troikaone1
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'!!!
I can definitely relate to what you're saying here. Although I've had my share of 'a-ha moments' while studying charts and reading books during a period of no trading, some of the greatest discoveries I've made have been preceded by spectacular losses. There's nothing like a slap in the face to wake you up from the dream and push you out of your comfort zone. I think the problem we face is getting too comfortable with ourselves, or in other words, we tend to plateau off at some points effectively killing our competitive instincts which leads us to think we've already made it when in fact we haven't. Of course, in our infinite stupidity and naivete we only find out that later, after something terrible has happened to wake us from the dream. I'm still very young (22) and don't have a lot of 'life experience' behind my back so I am not sure what's the best way of preventing this 'brain lull', but what I do know for sure is that exercising regularly goes a long way in helping keep the competitive spirits alive. I highly recommend it!

Quoting 2+2=4ex
I know it's been mentioned before, but I think it's worth mentioning again that it is important to sleep well. I also think eating and drinking healthy is important. It will help you think better, make more money and live longer to be able to spend that money!
You are absolutely right. I've drawn attention to that myself on this forum and I think that particular post deserves a re-run: http://www.forexfactory.com/showthre...19#post4134519
If you don't risk, you don't ever have to lose.
  • #130
  • Jun 26, 2011 5:35am Jun 26, 2011 5:35am
hmm...good ole days of tripping and thinking about the universe, coming up with endless questions and philosophies...aahhh....

All is good, all is great, until the day you realize how much (negatively) it is affecting you.

Then you realize you have a "problem", an addiction, you accept it, and you want to get away from it. Then the hard grueling work comes in: erradicating an addiction.

Sorry to spoil the party lads n lasses. But drugs are baaad for you lol.

Havent smoked for 2 years now and dont intend to try it while trading because I know how much of an addiction it creates with me personally, plus its just too easy.

I do firmly believe good ole weed does bring the 'natural you' out (ego-less?).

I do envision myself when im an old old grandad smoking joints though.
  • #131
  • Jun 26, 2011 5:44am Jun 26, 2011 5:44am
Quoting newyear498
Personally I have 2 "secrets"

Secret 2.
The other secret is really nothing but more of a psychological aspect I cannot share because it would probably lead to chaos literally.. I can't say more because it is that weird.. but it has less to do with forex and more with how I interact with to extract data.. hehehe
Are you talking about how the Quantum Observer within the Self chooses a probability before you interact with the data, like Shrodenger's Cat?
  • #132
  • Jun 26, 2011 5:44am Jun 26, 2011 5:44am
Quoting Chicky
If someone offers a holigrail, how would we know 1) it exists, 2) this is the real one, and 3) that person is giving it away in good faith?

Many share their secret, many don't and some even misguide people. This is how it is. We all are different.
I think it boils down to not truly appreciating it if its just 'handed to us'.

Also like you said, by natural skepticism, how do you know it is legit?
By researching it, and for that alone, one might just aswell do it by themselves, or so i believe.

Hints do help (cryptic lingo lango, you know...) but again, if one doesnt see then no matter how many hints and clues they get they simply wont get it and certainly wont appreciate it.

The journey to this stage of ilumination is what makes one truly appreciate what is involved to get it and frankly no one who appreciates the intense work they've done would straight up share their 'research', especially on a public forum lol.

The one thing that truly hit home with me was what CP mentioned earlier.

All that is required to make money is movement from a to b, which happens every day all day long.

Now i need to "truly" get my head around it

Maybe...just maybe...jussst a little spliff to inspire me.......nah...
  • #133
  • Jun 26, 2011 6:06am Jun 26, 2011 6:06am
Quoting Pipalicious
I think it boils down to not truly appreciating it if its just 'handed to us'.

Also like you said, by natural skepticism, how do you know it is legit?
By researching it, and for that alone, one might just aswell do it by themselves, or so i believe.

Hints do help (cryptic lingo lango, you know...) but again, if one doesnt see then no matter how many hints and clues they get they simply wont get it and certainly wont appreciate it.

The journey to this stage of ilumination is what makes one truly appreciate what is involved to get it and...
I agree with your statements here. I set up a Yahoo group long ago with two friends of mine in order to share stock picks based on an agreed upon entry criteria. I would basically look thru hundreds of charts and just about every other day, I would place my finding in the Yahoo group site. After several months of this, guess who was the only one disciplined enough to place their picks in the site? Me.....exactly!!! It made me realize how inherently lazy people can be.....they like to talk about stocks but when it came down to the hard work of research they just leached off of me.

I would have to enter into a partnership agreement with those same friends again when it comes to sharing my FX research. It would be like buying a piece of the business. If they have some skin in the game, they are less likely to go around giving away something that they paid such a high price for. I have never viewed FF as a place to learn how to trade. It just gives me something to toy around with when I'm not trading. I look for thought provoking or inspirational statements.
  • #134
  • Jun 26, 2011 6:23am Jun 26, 2011 6:23am
Quoting Pipalicious
Now i need to "truly" get my head around it
Quoting Troikaone1
I look for thought provoking or inspirational statements.
Here is a universal secret of great achievers... How the great people from Buddha, to Socrates, to Newton, to Einstein have done it... They sit and think about the solution for a very, very, looooooonnnggg time.

In this universe lies a vast amount of universal consciousness. Everyone has access to this universal consciousness. Any answers you have about this universe can be accessed by you or anyone. But you have to get into a state of mind.

When you sit down, think and ponder, days on ends... your brain is so powerful to align itself to these vast sea of knowledge. Your path will be shown to you slowly, step by step, along the way. What ever you need will be provided to you, as long as you keep your connection with the source.

The great people of our time has left us a wonderful herald reminder of this power within us...

...the statue of "The Thinker"

Attached Image

  • #135
  • Jun 26, 2011 6:35am Jun 26, 2011 6:35am
Quoting CrucialPoint
Here is a universal secret of great achievers... How the great people from Buddha, to Socrates, to Newton, to Einstein have done it... They sit and think about the solution for a very, very, looooooonnnggg time.

In this universe lies a vast amount of universal consciousness. Everyone has access to this universal consciousness. Any answers you have about this universe can be accessed by you or anyone. But you have to get into a state of mind.

When you sit down, think and ponder, days on ends... your brain is so powerful...
I partially agree with on this one. But it helps to be gifted in a lot of cases. I believe Einstein had a slight brain abnormality that allowed him to see things in a dimension that others could not. I can sit and think for a hundred years and I would never come up with an updated version of the Theory of Relativity. Michael Jordan was also gifted.........I can practice, and practice and contemplate basketball all day long, but I will never play basketball like a Michael Jordan. Even NBA players who practice, and practice, all day long will never play like Michael Jordan. Some human beings are simply gifted.

Where I agree with you is that these individuals can serve as a model for what it takes to be successful. We can achieve some level of success, but not quite like they did. Because contrary to popular belief....all men are NOT created equal.
  • #136
  • Jun 26, 2011 6:35am Jun 26, 2011 6:35am

Trading secret:


"When you focus on the problem,
you can't see the solution.
Never focus on the problem.
Focus on the Solution."



Inserted Video


"See what no one else sees.
See what everyone else chooses not to see.
Fear, conformity, laziness...
See the world, new each day."

  • #137
  • Jun 26, 2011 7:48am Jun 26, 2011 7:48am
Quoting Troikaone1
I set up a Yahoo group long ago with two friends of mine...After several months of this, guess who was the only one disciplined enough to place their picks in the site? Me.....exactly!!!

If they have some skin in the game, they are less likely to go around giving away something that they paid such a high price for.
Easy come...Easy go.

I know exactly what you, having experienced the same in multiple endeavours ive done through time.

It feels like you are literally pulling a cart by yourself while your 'associates' are sat in the cart enjoying the ride

I always thought to myself, "what would it be like, if I could JUST find someone like myself who is commited, hard working, open to share and grow a business with me, without having to carry their weight as well... Then I found trading lol.

But yes, joining or putting together anything, be it trading or sumin else, does require that all parties are fully commited, and most of all, willing to put in the time without expecting a free ticket along the way.

I believe this to be one of the reasons why many do take to trading as a whole, in the sense that you and you alone take 100% responsibility without the need of reliance on anyone else, like most conventional biz's require.
  • #138
  • Aug 13, 2011 4:45am Aug 13, 2011 4:45am
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...
Statistics
  • #139
  • Aug 15, 2011 12:16pm Aug 15, 2011 12:16pm
Quoting newyear498
When I first started trading I always thought there was a huge secret behind profitable traders.. a well kept secret that the banks knew and kept from the public.. most of this thinking has subsided in the years however...

I thought it would be interesting to hear from fellow traders of FF if they themselves have any "secrets" they do not share. (you do not need to share your secret let me explain the guidelines)


Here is the template for answering this thread. (just a guide not required).

1. Do you have any secrets regarding trading? how...

Hey to all of you!
The only secret is " when a bar is closing (x-pips?) above the (x-MA) you sell and when a bar is closing (x-pips) bellow the (x-MA) you buy.
Now: the MA, x-pips, TF and TP in pips, you got to figure it out by yourself.
The time is very important too, i.e. for EURUSD is from 19:00 to 00:00 CET
Now as you know allready the half of it, get to work and determine the rest.
Good luck! and as an info. this can take you years to descover the rest.
All my best to you too!
Lord C.B.
  • #140
  • Aug 17, 2011 12:13am Aug 17, 2011 12:13am
Quoting newyear498
Personally I have 2 "secrets"

Secret 2.
The other secret is really nothing but more of a psychological aspect I cannot share because it would probably lead to chaos literally.. I can't say more because it is that weird.. but it has less to do with forex and more with how I interact with to extract data.. hehehe
NewYear, I just ran across this post... I'd really like to hear your secret based on this psychological aspect.

Thanks,
Max
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