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  • #41
  • Mar 27, 2013 3:15am Mar 27, 2013 3:15am
Quoting mr.kho
It takes courage to be a pig.,,,
and It takes courage to ride a profit ,,

George Soros

salaam
<< It takes courage to ride a pig ... >> FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #42
  • Mar 27, 2013 4:17am Mar 27, 2013 4:17am
Quoting FerruFx
<< It takes courage to ride a pig ... >> FerruFx


<< It takes courage to ride a pig ... >> FerruFx ,,,,
  • #43
  • Mar 27, 2013 4:18am Mar 27, 2013 4:18am
Quoting Alanamc
It is ok mate. I thought that's Keltner channel in your chart. Good luck
it's not my chart
but belongs 60minute
http://www.forexfactory.com/showthre...=414685&page=2


salaam
  • #44
  • Mar 27, 2013 9:00pm Mar 27, 2013 9:00pm
everything looks like a simple and look easy,,,,,,,,,, after the fact,,,
(( and when it happens ?? ))

salaam
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  • #45
  • Mar 27, 2013 11:24pm Mar 27, 2013 11:24pm
Quoting mr.kho
everything looks like a simple and look easy,,,,,,,,,, after the fact,,,
(( and when it happens ?? ))

salaam
If you look closely even in real time there are nice patterns formed at your levels
MT4/MT5 EAs/Indicators/Alerts coder
  • #46
  • Mar 28, 2013 6:10am Mar 28, 2013 6:10am
Quoting FerruFx
If you look closely even in real time there are nice patterns formed at your levels
If you look closely even in real time there are nice patterns formed at your levels

salaam
  • #47
  • Mar 28, 2013 8:06pm Mar 28, 2013 8:06pm
There are five basic steps to becoming a successful trader.


* First, focus on trading vehicles, strategies, and
time horizons that suit your personality.



*Second, identify nonrandom price behavior, while recognizing that
markets are random most of the time.



*Third, absolutely convince yourself that what you have found is
statistically valid.


*Fourth, set up trading rules.


* Fifth, follow the rules. In a nutshell, it all comes down to: Do
your own thing (independence); and do the right thing (discipline).

Gil Blake:

salaam
  • #48
  • Mar 28, 2013 9:56pm Mar 28, 2013 9:56pm
I love this one (quote)


There is a random distribution between wins and losses for any given set of variables that define an edge. In other words, based on the past performance of your edge, you may know that out of the next 20 trades, 12 will be winners and 8 will be losers. what you don’t know is the sequence of wins and losses or how much money the market is going to make available on the winning trades. This truth makes trading a probability or numbers game. when you really believe that trading is simply a probability game, concepts like ‘right’ and ‘wrong’ or ‘win’ and ‘lose’ no longer have the same significance. As a result, your expectations will be in harmony with the possibilities.
- Mark Douglas: ‘Trading in the Zone’
  • #49
  • Mar 29, 2013 6:33am Mar 29, 2013 6:33am
Quoting Joeldav
I love this one (quote)


[i]There is a random distribution between wins and losses for any given set of variables that define an edge. In other words, based on the past performance of your edge, you may know that out of the next 20 trades, 12 will be winners and 8 will be losers. what you don’t know is the sequence of wins and losses or how much money the market is going to make available on the winning trades. This truth makes trading a probability or numbers game. when you really believe that trading is simply a probability game, concepts like...
agree,, reminds me of a quotes,,

the most significant is that it's not whether you're right or
wrong that's important, but how much money you make when you're right and how much you lose when,, you're wrong.
(Stanley Druckenmiller)

salaam
  • #50
  • Mar 29, 2013 11:20pm Mar 29, 2013 11:20pm
I came across this one today from Jack Schwager. Very interesting!!

"In one experiment, subjects were given a hypothetical choice between a sure $3,000 gain versus an 80 percent chance of a $4,000 gain and a 20 percent chance of not getting anything. The vast majority of people preferred the sure $3000 gain, even though the other alternative had a higher expected gain (0.80 X $4,000 = $3,200). Then they flipped the question around and gave people a choice between a certain loss of $3,000 versus an 80 percent chance of losing $4,000 and a 20 percent chance of not losing anything. In this case, the vast majority chose to gamble and take the 80 percent chance of a $4,000 loss, even though the expected loss would be $3,200.

In both cases, people made irrational choices because they selected the alternative with the worse expected gain or greater expected loss. Why? Because the experiment reflects a quirk in human behavior in regards to risk and gain: people are risk averse when it comes to gains, but risk takers when it comes to avoiding a loss. And this relates very much to trading. It is exactly the quirk in human psychology that causes people to let their losses run and cut their profits short. So the old cliché of let your profits run and cut your losses short is actually the exact opposite of what human nature tends to do."

~ Jack Schwager
  • #51
  • Mar 30, 2013 12:00am Mar 30, 2013 12:00am
To be a successful trader, you have to be able to admit mistakes.

salaam
  • #52
  • Mar 30, 2013 10:28pm Mar 30, 2013 10:28pm
Quoting Joeldav
I came across this one today from Jack Schwager. Very interesting!! "In one experiment, subjects were given a hypothetical choice between a sure $3,000 gain versus an 80 percent chance of a $4,000 gain and a 20 percent chance of not getting anything. The vast majority of people preferred the sure $3000 gain, even though the other alternative had a higher expected gain (0.80 X $4,000 = $3,200). Then they flipped the question around and gave people a choice between a certain loss of $3,000 versus an 80 percent chance of losing $4,000 and a 20 percent...

yea,, something like :

Don't try to make a profit on a bad trade, just try to find the best place to get out.
( Linda Bradford Raschke: )

salaam
  • #53
  • Mar 31, 2013 4:12am Mar 31, 2013 4:12am
You don't have to be a great trader to do well in this business. You do have to have discipline. You do have to be selective. You do have to trade only at areas where you have a definable edge.( seneca pilot / Chris )

Salaam
  • #54
  • Mar 31, 2013 8:56pm Mar 31, 2013 8:56pm
If you want to trade better or be a better trader,,
you can get it instead of or not from= , the teacher / mentor/ gurus / method / system / indicator,,/ etc,,
( all of it is just a tool and vehicle )

all have to go through personal experience,, / personal training,, / personal rules,, / personal discipline,,
until you find the balance, and what fits your personality,,and what make you comfortable,,
BTW, what suits for you
not necessarily,,suits with another,/others may differ
( but of course mastering basic first before all )

salaam
  • #55
  • Apr 2, 2013 9:18pm Apr 2, 2013 9:18pm
You have to be willing to take what the market gives you. If it doesn't give you very
much, you don't hesitate to get out with a small profit.
(Linda Bradford Raschke

salaam
  • #56
  • Apr 4, 2013 9:21pm Apr 4, 2013 9:21pm
no one wants piss into the wind.
will flow right back at you.( FTI )

salaam
  • #57
  • Apr 4, 2013 11:17pm Apr 4, 2013 11:17pm
LOSERS AVERAGE LOSERS- Paul Tudor Jones
Markets are Mirrors,,Mastery of craft is mastery of self
  • #58
  • Apr 6, 2013 1:15am Apr 6, 2013 1:15am
all kinds / all sorts of indicators work effectively and very helpful
but especially for those who create these indicators
(because he creates these indicators with specific goals for himself )
but not necessarily useful or helpful to others
because what is in the head of the creators of these indicators is often different from what's in other people's heads

salaam
  • #59
  • Apr 7, 2013 9:37pm Apr 7, 2013 9:37pm
If your entry timing is good enough, you
won't lose much even when you're wrong.

salaam
  • #60
  • Apr 7, 2013 10:35pm Apr 7, 2013 10:35pm
"The highest reward for a person's toil is not what they get for it, but what they become by it." - John Ruskin
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When the Joker is in the deck.. fear not and play it well
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