I've been checking this thread and your blog as well. It was a nice surprise to see what you have planned for your future once you'd reach your financial goals. I feel identified with the very same sentiment. Keep working patiently and you'll sure make it. Time it's on your side.
14 Year Old Forex Trader's Lessons
- #6,422
- Mar 10, 2012 4:40am Mar 10, 2012 4:40am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
1st phase of Understanding:Not knowing why or any relationship towards any reason to why price moves. Resorted to indicators and believed indicators were the key to executing trades. Color is good. Indiccator is king.
2nd phase of understanding: Chcange the system - that one is bad maybe this one will work. It looks cool. since the stochs are bad how about the CCI? maybe the RSI? how bout adx doesnt that show the trend? how bout the fancy arrows! they catch all the mvoes dont they?
Attachment
3rd Phase: Indicators are lagging and most of them dumped on a chart is not the way to go. moving on to price action - S/d zones, price bar formations, support resistance, pullback, basic price behaviour beginner - still using indicators such as ichimoku for "guidance"
4th Phase: price alone seems good enough to trade out of.
5th Phase: Price action is king; this is the best way to trade.
6th Phase: PA is good - but not great. it misses something crucial. "news affects pa and it ruins setups" more importantly.. timing the trade.
7th Phase: Exploring Time with one number cycles. entering a new page of the book.
8th Phase: Combining basic PA concepts with price and time.
9th Phase: UNDERSTANDING/REFLECTION/CONNECTING the DOTS: I have found my click with movement.Going more advanced into PRice = time; anything done with price can be done with time. Price/time squaring - fibonacci sequence applied to P/T, Polygon angles applied to P/T (triangles, squares, pentagons, hexagonals) etc etc... Creating variants of these ratios and using them in various techniques.
Price and time is a diverse topic that explains to the eye that sees, a harmony of two dimensions, that cannot be explained through the mere constraints of the average mind.Understanding that the markets are of law and nature. Markets are of traders. traders are people. people are known to have natural laws. If the markets are made of people andd people have natural laws - then markets have natural laws. The price/time mindset provides me with lower risks and higher rewards through my trading. I am able and ready to be there before, lagging factor decreases, news is close to the bottom of the importance list. and i am able to connect with "TRUE price action" and the movement behind it all. Indicator view: W. Price Action: X. Price and Time: Y. "Y" has made me see it from a different angle.
Everything else was a curtain - to the real show.
PS: all of which posted are of singular personal opinion.
i thought it would be a good time to reflect so far. it has been... 7 months into trading so far so maybe its good to recollect and reflect.
Have I got something on my face, SOLDIER?
- #6,423
- Mar 10, 2012 5:21am Mar 10, 2012 5:21am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #6,424
- Mar 10, 2012 6:11am Mar 10, 2012 6:11am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
I've been checking this thread and your blog as well. It was a nice surprise to see what you have planned for your future once you'd reach your financial goals. I feel identified with the very same sentiment. Keep working patiently and you'll sure make it. Time it's on your side.
all the best to you too.
jsut a thought
its going to be pretty cool when im 19 - and i say "ive traded for 5 years".
Have I got something on my face, SOLDIER?
- #6,425
- Mar 10, 2012 8:05am Mar 10, 2012 8:05am
- | Joined Jul 2011 | Status: Jesus is the way. | 1,450 Posts
thanks willa
all the best to you too.
jsut a thought
its going to be pretty cool when im 19 - and i say "ive traded for 5 years".
Don't just beat the markets, leave bruises.
- #6,426
- Mar 10, 2012 11:34am Mar 10, 2012 11:34am
i do have a real account but havent touched it for a month or two.
wil have to think about it but no doubt ill hit that road of trading once more
I think demo trading is counterproductive after a certain point, and i think you've reached that point. You have a good grasp of what you are doing and you should stick with a live account even if it is very small. The hardest thing to master is that thing in between your ears, after you can read the market your goal should be to execute flawlessly in real time(which takes ALOT of practice)
- #6,428
- Mar 11, 2012 4:30am Mar 11, 2012 4:30am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Oh I thought this was a real account but funded with a small amount? One word of caution, beware of demo results! As you've probably seen, trading on demo vs. live is night and day.
I think demo trading is counterproductive after a certain point, and i think you've reached that point. You have a good grasp of what you are doing and you should stick with a live account even if it is very small. The hardest thing to master is that thing in between your ears, after you can read the market your goal should be to execute flawlessly in real time(which...
ill go back live soon for sure.
thanks for the comment Shan
Have I got something on my face, SOLDIER?
- #6,429
- Mar 11, 2012 4:32am Mar 11, 2012 4:32am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Buena are you the fans of gann?
do u mean i am a "fan" of Gann as in i admire him?
or do i use gann fans?
gann was a great man but i have to say i do use his teachings methodologies but combined and customized to what i can comprehend and analyze with my style. but yes i admire him .
2. yes i do use fans but mostly in the form of a square as the fanns start same places in time.
Have I got something on my face, SOLDIER?
- #6,431
- Edited 8:15am Mar 11, 2012 7:57am | Edited 8:15am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
helo bama, maybe you can give more explanation the connection between phi and trading?
thx
its not that hard rex, jsut explore. thats what i did. i got no free lunches from the seniors like orion , JR and ILP.
also GIYF: google is your friend.
clue: price=time.
Have I got something on my face, SOLDIER?
- #6,433
- Mar 11, 2012 10:00am Mar 11, 2012 10:00am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #6,434
- Mar 11, 2012 10:01am Mar 11, 2012 10:01am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
haha sory buma, for the mistake
ok tq for your info. like you say there is no freelunch
are you staying at bandung?
nothing wrong done..but trust me just explore and keep open mind. im still a noob but theres many things missed to the common eye that kinda helps u see a lot.
yes im in bandung.
Have I got something on my face, SOLDIER?
- #6,435
- Mar 11, 2012 10:06am Mar 11, 2012 10:06am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Geppy is in my watchlist for a short.
gold might react as a haven and money flow swithces to longs there so I MIGHT hold gold. MIGHT.
gold might react as a haven and money flow swithces to longs there so I MIGHT hold gold. MIGHT.
Have I got something on my face, SOLDIER?
- #6,436
- Mar 11, 2012 10:40am Mar 11, 2012 10:40am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #6,437
- Mar 11, 2012 12:45pm Mar 11, 2012 12:45pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #6,438
- Mar 11, 2012 1:11pm Mar 11, 2012 1:11pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
On overall trading concepts - read the posts of cloggie, redlion, mla and goldman scattered throughout my journal.
for the otherworldly aspect of time here are some great posts / pm.
The quest is to know the relationship between (x)price and (y)time.... if you could determine this then you could possibly predict the probable time of a markets next change of state, calculated from the length of the prior move.
- Auxesis.
haha. no prob, dude. Yeah, spoon feeding won't do you any good. I think to really get good at this stuff, you have to make it your own. Get ideas and inspiration from others, but find it in yourself and then let it out. I mean, nobody gives a shit about bedroom guitarists that play their idol's solos note for note yet can't come up something on their own. It's all about the guy that does his own thing.
-JR97
You will come to understand that nothing in the market matters especially price. 1. time 2. volume(underlying fundamental structure of all markets) 3. price
Volume is the best kept secret since the beginning of all markets, learn the order flow and follow the real money. They are trickster bastards
-Orionsway
Not hiding knowledge, but more like, not throwing it all out there,. I give hints and people can research that. Most knowlecge takes a while to collect. Time, effort, money, people dont like to give that away.
-Ilovepippin
You're equating correlation with causation. If there is a historic CORRELATION between some method X and price movement then why not trade it?
-Jr97
I wrote a post but I guess it didn't make it. Anywho, number cycles are a great study.
Every number is a cycle and contains a series of cycles within it. Think about that for a minute.
1/7 is a great example: 0.14285714285714285714285714285714
2 x7 = 14
4 x 7 = 28
8 x 7 = 56 + 1 for 57
rinse and repeat
Any number divided by 9 is the nominator repeated.
Any number divisible by nine will have the numeric components add up to nine or a multiple nine.
So with that mind, price itself is a cycle and contains many cycles within it.
-More JR...
Gann wrote in coded language, he concealed the message he was trying to put forth. The reason being because he didn't want to throw his pearls to the swine.
-ILP
should be good for a read
JR dont spank me for compiling this plz
for the otherworldly aspect of time here are some great posts / pm.
The quest is to know the relationship between (x)price and (y)time.... if you could determine this then you could possibly predict the probable time of a markets next change of state, calculated from the length of the prior move.
- Auxesis.
haha. no prob, dude. Yeah, spoon feeding won't do you any good. I think to really get good at this stuff, you have to make it your own. Get ideas and inspiration from others, but find it in yourself and then let it out. I mean, nobody gives a shit about bedroom guitarists that play their idol's solos note for note yet can't come up something on their own. It's all about the guy that does his own thing.
-JR97
You will come to understand that nothing in the market matters especially price. 1. time 2. volume(underlying fundamental structure of all markets) 3. price
Volume is the best kept secret since the beginning of all markets, learn the order flow and follow the real money. They are trickster bastards
-Orionsway
"The stars are the elixir of life"
"All great spirits have encountered opposition from mediocre minds"
- A. Einstein
"A life without knowledge of the stars' plan is contrary to all law and order"
- Nostradamus
"God placed the stars in the heavens for more than the sake of beauty. He gave them to us for interpretation
so that we may live a more productive life"
- Paracelcus
and my favorite:
"Millionaires don't use astrology, billionaires do!"
J.P. Morgan
JP Morgan's astrologer famously told him not to travel on the Titanic.
Not hiding knowledge, but more like, not throwing it all out there,. I give hints and people can research that. Most knowlecge takes a while to collect. Time, effort, money, people dont like to give that away.
-Ilovepippin
You're equating correlation with causation. If there is a historic CORRELATION between some method X and price movement then why not trade it?
-Jr97
I wrote a post but I guess it didn't make it. Anywho, number cycles are a great study.
Every number is a cycle and contains a series of cycles within it. Think about that for a minute.
1/7 is a great example: 0.14285714285714285714285714285714
2 x7 = 14
4 x 7 = 28
8 x 7 = 56 + 1 for 57
rinse and repeat
Any number divided by 9 is the nominator repeated.
Any number divisible by nine will have the numeric components add up to nine or a multiple nine.
So with that mind, price itself is a cycle and contains many cycles within it.
-More JR...
Gann wrote in coded language, he concealed the message he was trying to put forth. The reason being because he didn't want to throw his pearls to the swine.
-ILP
should be good for a read
JR dont spank me for compiling this plz
Have I got something on my face, SOLDIER?
- #6,439
- Mar 11, 2012 1:41pm Mar 11, 2012 1:41pm
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
Time is the result of mass and movement, without either time does not exist... but what exactly is time, how is it constructed and what arrangement/division (truly a human perspective) of time is best for framing the markets?
Balance that with the movement the other day when Geithner opens his mouth and the market moves 150 pips in the matter of minutes.
Was this the result of some cosmic timing? If not how does the fabric of time relate to such a movement?
[i][color=blue]What can be charted vertically...
Time is what keeps things from happening all at once.
Dr. Rufus... Philosopher
Illegitimi non carborundum - Noli pati a scelestis opprimi.
