Trading and charts can be fun

This is a good study into trader emotion !

Good luck anyhow. Trying to not sound flippant, but to an observer your entries do seem like a coin flip!

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Nice riddle

Thanks Naked Trader.

Great quote from Mccartney.


WARNING:
This video contains graphic images that viewers may find disturbing.
http://www.guardian.co.uk/world/vide...slaughterhouse

Instead of coin I will insert links and thanks for funny pictures works.
I am hoping this links will be more valuable after the information is cleared, and ripe:

How many years to become profitable?

How long did it take to become consistently profitable?

What helped you the most to be profitable?

Do Software Developers Make Better Traders?

Twelve widely believed forex myths

gatorinla posts

Threads started by me:
When to break the 2% rule?

Trade Size Optimisation

Forex can be so exciting, almost like:


Until it is interesting you will not earn money. When is boring already you will become profitable, "instantly" - in 5 years

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... to tell you my history.

My story it was like that:
I become jobless and I saw a banner I can earn 543$ in 1h. Of corse I wanted to do. Now I know it is possible, with a lot of $ in my account

Trading 1 lots 1 pip is 10 $, so need 54.3 pip. Not often goes the EUR/USD so much, but at some news release time it does. Better take 2 lot, than is needed 27 pip, wich is more often met.

What SL to use for 27 TP? well, at least 15, but safer the 1:1.
If in SL you would loose 500$ than how much balance should have?

Let be your style a bit leveraged ( more than 1 or 2%) and in this case 5% -easyer math(altough isnot for begginers).

5% ..... 500$
100 % .... X

x = (500 x 100 ) / 5
x = 10,000 $ ( for 5% and )

for 1% is 50,000$ , and there is starting the professional trading.

I saw your "vision" here:


I have added my comments, hope it helps.

At 3,4,5 you can "clearly" see the uptrend is over. It will be a fake breakout or not, is up to you to trade, but it will be a downtrend, also it is a head and shoulders pattern ( trend reversal).

Yet another link, it was very helpful for me:
The Psychology of Commodity Price Movement

Also, you should look at Elliot wawes, Pivot points, and another indication, which forgot the name: it shows how much moved the currency already on that day. For Eg: if in Monday it was already 100 PIP movement in one direction, than do not expect to move another 70 PIP, because it will not move in most cases. If for some reason moved 140 PIP already, than a stronger pullback expected.

InJames 16 thread? I saw you should demo starting from higher timeframes until you have 3 consecutive winning months, than go to lower timeframes.

For sure it is not 4 week learning curve for average.

For Jesse Lauriston Livermore took 5 years, and usually 5-10 years to have the knowledge and the money.

Thank you matheszabi, at least someone who comment the charts!

A fixed number of pips for SL it's not the best approach and the same for the TP.(that´s what they tell me in the seminar)

And yes you are right congratulations!!
At 3,4,5 you can "clearly" see the uptrend is over.
It will be a fake breakout or not, is up to you to trade, but it will be a downtrend, also it is a head and shoulders pattern ( trend reversal).

So as we can see it´s a good way use this method to trade, what we need is to do it in the right way. Wow great quote

(To use this method no need to use that stuff) Also, you should look at Elliot wawes, Pivot points, and another indication, which forgot the name: (It´s the Daily Range (see attached)) it shows how much moved the currency already on that day. For Eg: if in Monday it was already 100 PIP movement in one direction, than do not expect to move another 70 PIP, because it will not move in most cases. If for some reason moved 140 PIP already, than a stronger pullback expected.

For sure it is not 4 week learning curve for average. (but he promised me)

For Jesse Lauriston Livermore took 5 years, and usually 5-10 years to have the knowledge and the money. (the key, is have the money to trade)

Hey I do not put a picture in this post ?!? Strange!!

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Dear Zepipo,

The first steps are to be profitable in 3 consecutive months.
If you or him can do in 4 weeks, than great. I couldn't.

I because from a family which is looking the forex and other markets as a casino game. I can't explain for my parent it isn't and doesn't matter Soros George example, neither other examples.

I needed to learn a few dozen of indicators to realize none of them working and it was a waste of days, months study them. Than I needed to learn the trading systems to realize it could work. The indicators it could work in some conditions.

Every trading system / plan has his reason and conditions when is working and has pitfalls when not. It is important to know that system will work on those situation when.... and wo't in .... situations.

I can't test all in 4 weeks, lool 4x168=672 hour, nono. I have wasted for sure more than 1000h study the indicators only ( should be around 3k hours)

Somewhere I have heard, if you enter in a new domain , if you read 10 books than you will know that domain. Well, you will know but wasn't enough for me.

After 4 years just had a heureka, after4 years!!!

Here is a proof why isn't good one of "golden" rule. I can't say I am expert or I know enough.


I don't know anybody who become professional trader and had consecutive wins over years he gave up this profession! At least this is the best profession for me.

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Hi my friend (friends) matheszabi.

I'll skip the chapter 3 and go straight to chapter 4.
I want to be rich and fast.

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If you wanna chat: http://www.neatchat.com/?id=43ff368e...42ca081d13b3f3

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