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Something Out of Nothing

  • #1
  • First Post: Jun 10, 2013 11:42am Jun 10, 2013 11:42am
Hello Traders and blessings;

Most of the old timers on this forum know who I am as I have been trading since the early 2000. I am also a very successful trader and have made my fortune in the FX market; and had done so in total faith - not in myself – but in the Holy Spirit.

I am not here to preach or try changing your views in what you believe; but to give you various avenues of also becoming successful in this market. But I will say this: without faith – you cannot make it.

Faith is a stepping stone into receiving something that is unknown in the real world. It also believes in something that is beyond your own knowledge. Faith is the only road to become successful in anything you do in life; period.

Not long ago – The Elite Group had lost something very valuable to our trading; and that was the AccuCharts. Fxsolutions decided they had enough of the regulators’ in the United States and move abroad. Not only they moved out of the country; but also shut down AccuCharts. But because of our “faith” – we lost nothing. In fact – one of the traders with The Elite Group had re-written the scripts for our charts and we now have what we did not lose. And why is that? It is because our faith and believing had brought us a greater blessing then we had in the past. In reality – the Holy Spirit had created “something out of nothing”.

This journal sole purpose is helping those who are lost and cannot find their way. It is a way of learning how to be creative through your own inner self and not through someone else’s. It is a stepping stone in learning how to believe in yourself and eventually in learning the power of “faith” with this market – or any other market – for that matter.

Periodically I will be on giving advice for those who wants to become more than what they are today.
The Dove - Forex Trainer
  • #2
  • Jun 10, 2013 4:03pm Jun 10, 2013 4:03pm
There are several venues in which a trader becomes successful and not a failure. One is “greed” - another is being “creative”. But most importantly – being “focus” at all times.

There is a paradox in trading which is leverage. Without using leverage properly one cannot ever make it in this market. And I am not talking about money. What I am referring to is “trend”. The market is always in a trend - may it be up or down or even in a ranging mode between indicators. But the greatest paradox is learning how to read proper indicators for the trend. Drawing a line is not – and I repeat – is not a trend.

Many traders has spent years in learning how to trade and those traders can spend 10 or more years in the market – and have nothing to show for it. But they will spend their time on Forums and sell “wolf tickets” in what they “think” they know. And in the end – they bring down others to their level of nothingness.

Thinking in this market is like a deadly virus that will literally kill your finances. Trading is neither in the past nor the future – it is in the “MOMENT”. Anyone who says "they think the market will do this" or "will do that" is on train for destruction. So I strongly suggest when you hear those words coming from anyone then close the door on them – turn around – and walk away without even looking back. There is no room for “thinking”. You may think there is a 50% chance of your trade being good in either pulling the trigger for the up or the down. But the truth is: “Even with a 50% chance – your trade is in a 90% lost”. And that is risking everything you have on the books. To trade properly you must have the right tools on your charts to become a winner and not a loser.
The Dove - Forex Trainer
  • #3
  • Jun 10, 2013 11:21pm Jun 10, 2013 11:21pm
To become a great trader is like hacking into Fort Knox which is improbable but not impossible. Nothing is impossible provided your faith is strong. With faith you can move mountains from your trading which are fears, insecurities, lack of knowledge, but mostly - the wrong reasons. If you are here for the wrong reasons then your destiny is already set to fail.

Greed is a substance that has no foundation in the market but only a hole to shovel your money into and eventually becomes nothing. The greed factor has no standings in the world of trading which your vital survival depends upon the very heart of righteousness. In other words: you must be right in your reasoning for becoming a trader. If it is for the money only then you too will fall into the realm of the 95 per centers.

The Elite traders are only 5% - a small group which holds the secrets of faith and believing. They are what they are because they can move mountains.

To become a great trader you first must have a system. May it be your own – or a system of another. Whichever it may be – you must know for one – it is right for you and two – you believe in it – and then the faith to concord the very existence of the system.

Any system can be overcome provided you learn the true meaning of trading in the “moment”. Past never repeat itself and the future has not arrived. Every single trade you make is always in the moment. And the moment on your trading charts gives the overall picture provided your system is capable of giving you the big picture. And what is the big picture? It is a moving paradox in which the trend is already given up before the market even knows it.
The Dove - Forex Trainer
  • #4
  • Jun 11, 2013 10:16am Jun 11, 2013 10:16am
One of the greater mistakes traders make is they think they can out do this market. Their “mind set” is one of a genius thinking they are capable of predicting any movement in the market. But little they know who really controls the market; and that is the Major Banks of the world.

A true mind set for this market involves 40 pips a day - in the trend – compounding your every trade. In a very short time you will become very wealthy. But on the other hand - your mind set must not be on the money but on the market. Your thoughts must always be on your charts that is overwhelmed with proper indicators and taking only 40 pips per trading day. And once you get your Daily Pips you then get up from your trading station and leave it until the next day. You never contemplate greed as a habit of trading. Greed will only take back what you had made.

There are many philosophers in this market believing in what they are saying. But what is sad – they truly do not have the answers. In fact – they have no knowledge what-so-ever in what it is to be a trader. They lack wisdom and experience of a true trader with very little concern for those they hurt.

13 years in this market and have seen and experienced it all. And through the grace of God I had overcome all trials, tribulations, and obstacles as great trader. And the reason is because of “faith” in knowing I would overcome through the power of the Holy Spirit. In reality and truth – I am nothing but only in what God had conceived me to be. It is only through Him that the “power” had overwhelmed me. And this power is the true source of wisdom and knowledge to become great in one-self.
The Dove - Forex Trainer
  • #5
  • Jun 11, 2013 11:24am Jun 11, 2013 11:24am
There is a fine line between “wisdom” and “knowledge”. First – you need the knowledge and then the wisdom to use the knowledge constructively. But to gain knowledge you first must get through the bias overflow of the trading world. You cannot be bias in any way, form, or fashion. If you do – then you are on the road of destruction with your trading.

An open mind in trading is essential in becoming one of the 5%. One must let go of everything they were taught in the beginning to gain the knowledge and wisdom with their trading of today. When new traders begin their journey in the Forex – they are taught everything wrong in which becomes a great part of themselves. And letting go is one of the most difficult accomplishments to overcome. Through all the years of training there is not one trader I have met that was not bias. And believe me – it was very hard for them to get rid of it.

Being bias is like having a load of garbage upon your back. And eventually you are swimming in a pit of garbage only to sink to the bottom. Having biasness also means you will stay with a losing trade only to see your account being margined out. I have known traders that will do exactly that and keep throwing losing money into their account until they are broke.
The Dove - Forex Trainer
  • #6
  • Jun 12, 2013 12:32am Jun 12, 2013 12:32am
Hello,Thanks for starting your journal, you seem to have a bit of experience so I am going to subscribe maybe it will help me.All the best.
  • #7
  • Jun 12, 2013 10:24am Jun 12, 2013 10:24am
A mistake that some traders are making is scalping. Scalping get you no-where fast but only heartaches. Sitting at the computer all day or all night just to get a few pips is only a destiny of being a failure. The bottom lines for a scalper is loose some gain some – and it is mostly loosing. Your goal is to be 100% on all trades.

There shouldn't be anything below a 30 time-frame being used for trading. A 15 time-frame can be traded provided the paradox trend between the 15 and the 30 are correct with the indicators. Any time-frame below a 15 is surely a road you do not what to be on. It is a fast way of losing your finances. Do not become a scalper – it is only a place for those who have the experience of 10 years or more in the market.

I have seen many indicators on charts being posted that have a Simple and EMA for crossings; maybe a MACD or RSI with drawn trend lines and unbelievably – they trade that chart. And this is why they are losers because they are trying to trade a market that is the most volatile market in the world with the improper indicators; which is baggage. You cannot trade a volatile market on a whim. It goes far deeper than that.

This market is all about highs and lows within the paradox. And learning how to trade from the high side for the shorts and the low side for the longs takes practice and experience. To have a channel with drawn trend lines is one thing and is not guaranteed – but to trade a paradox trend is guarantee and this takes a proper set up with indicators. So be careful and use the proper indicators in a market that is unforgiving.
The Dove - Forex Trainer
  • #8
  • Jun 12, 2013 10:36am Jun 12, 2013 10:36am
Quoting metta87
Hello,Thanks for starting your journal, you seem to have a bit of experience so I am going to subscribe maybe it will help me.All the best.
You are welcome.
The Dove - Forex Trainer
  • #9
  • Jun 12, 2013 12:20pm Jun 12, 2013 12:20pm
A propriety every trader should have is a proper trading system that will keep them 100% profit on every trade. They must be able to signal an entry without any doubt they are entering into the RIGHT trade. Your STOP with entry is 40 pips and no more; and PROFIT is 40 pips and no more. This is called the 40/40 rule and must abide without failure. IF you are not making 40 pips on every trade for at least 20 consecutive demo trades then you have no business trading a live account. That is a golden rule in trading.

Do not – and I repeat - DO NOT chase the market. That is the biggest mistake any trader can make. The market will come to you provided you learn patience. Patience is a virtue and the very asset of becoming greater then yourself in this market. The forex is virtually a foundation of learning who you really are? You learn your strength and also your weaknesses. But mostly; you learn how to control your emotions along with your fears as you trade. And you do so by implementing “patience” as the true source for trading. Without patience you are literally dead in the water. You cannot compromise yourself or else the market will control you and take you down like so many through ages of time.
The Dove - Forex Trainer
  • #10
  • Jun 12, 2013 1:59pm Jun 12, 2013 1:59pm
Hi Dove

I am enjoying your thread and patience is something I seriously need to master!

Thank You
  • #11
  • Jun 12, 2013 2:11pm Jun 12, 2013 2:11pm
Quoting Mickeyf
Hi Dove I am enjoying your thread and patience is something I seriously need to master! Thank You
It is one of the greater obstacles in trading. Without patience you are unable to trade in the "moment". Patience is letting the market come to you instead of chasing it. It gives you time to be objective and plan an option in where you are not subjective to the market. Just remember patience is a virtue in which you have the control and the market is not controlling you. And you are welcome.
The Dove - Forex Trainer
  • #12
  • Jun 13, 2013 6:56am Jun 13, 2013 6:56am
Hi Dove

I have re-read the thread once again and subconsciously I have started to undo all the previous training that I had undertaken. It surprised me to learn that every time I looked at the charts the old would seep through and cloud my judgement. It certainly is true that one can seek comfort in pain! Re-thinking is an uncomfortable experience but is totally necessary to move forward and grow!

Best Regards

mickey
  • #13
  • Jun 13, 2013 9:19am Jun 13, 2013 9:19am
Quoting Mickeyf
Hi Dove I have re-read the thread once again and subconsciously I have started to undo all the previous training that I had undertaken. It surprised me to learn that every time I looked at the charts the old would seep through and cloud my judgment. It certainly is true that one can seek comfort in pain! Re-thinking is an uncomfortable experience but is totally necessary to move forward and grow! Best Regards mickey

Hello Mickey - I had noticed on your profile you have yourself as a Technical Analyst and though there are many who disagree with me - the market prices are essentially unpredictable. To analyze price and volume from the past is like trying to predict the future and it is improbable - if not impossible - to do so. The past has no value in relationship with a market that is volatile. And the reason is because of the imbalance between the ranging modes and trends; and this is why trading must be done in the moment and not of the past.
The Dove - Forex Trainer
  • #14
  • Jun 13, 2013 9:37am Jun 13, 2013 9:37am
Hi Dove - thank you for taking the time to pass on your trading experience in this thread. Could I please ask some questions about what you've written in order to properly adjust my trading mindset?

Quoting dove_alliance
One of the greater mistakes traders make is they think they can out do this market. Their “mind set” is one of a genius thinking they are capable of predicting any movement in the market.
I agree, and when I take a trade my mindset is I'm not predicting where price will go - I'm entering at a point where the odds are in my favour. Price bounces multiple times at support, and I go long with my stop under support. I have no idea where price will go, but if it goes down my loss is limited, and if it goes up I profit. I'm never right or wrong - I'm only profitable or unprofitable.

But then I read this:
Quoting dove_alliance
Hello Mickey - I had noticed on your profile you have yourself as a Technical Analyst and though there are many who disagree with me - the market prices are essentially unpredictable. To analyze price and volume from the past is like trying to predict the future and it is improbable - if not impossible - to do so. The past has no value in relationship with a market that is volatile. And the reason is because of the imbalance between the ranging modes and trends; and this is why trading must be done in the moment and not of the past.
I don't think you're saying fundamental analysis is preferred over technical analysis, are you? How can you trade without considering what has occurred in the past? How can you trade in the moment?

Any insight would be gratefully received.

Pete
  • #15
  • Jun 13, 2013 10:02am Jun 13, 2013 10:02am
Quoting TheMaxx
Hi Dove - thank you for taking the time to pass on your trading experience in this thread. Could I please ask some questions about what you've written in order to properly adjust my trading mindset? {quote} I agree, and when I take a trade my mindset is I'm not predicting where price will go - I'm entering at a point where the odds are in my favour. Price bounces multiple times at support, and I go long with my stop under support. I have no idea where price will go, but if it goes down my loss is limited, and if it goes up I profit. I'm never right...

I am neither a fundamental or technical trader. I am a trader of the moment. And how this is done is with proper indicators that move in the paradox trend which is moving between support and resistance and vice-versa. Support and resistance in a paradox trend is moving with every bar. It is never the same from bar to bar. And using this kind of trend you are seeing the future and making entries before the market even knows the change of trend is happening. With these indicators you are making entries off the the support or resistance for a 100+ pips on every entry. It is the same in ranging - the indicators are giving you the ranging mode of the high and low and bouncing between those indicators within an indefinite period of time. So the bottom line is with proper indicators that trades in the moment is giving you the insight of the future. Without this paradox trend would be impossible to trade in the moment.
The Dove - Forex Trainer
  • #16
  • Jun 13, 2013 10:06am Jun 13, 2013 10:06am
Hello Dove

Is it really possible to make 100% profit on every trades ? Sorry to ask you that but see im very new at trading, only started 1 year ago ( demo )and to be honest i've started to become a sceptic that one could trade successfully on a consistent basis.
In your posts above, you talked about some rules like 40/40 , not chasing the markets and being patient but can't we say that all these fit only someone who already knows how to trade and/or has a specific trading method ,if i try to apply those same rules with a different system maybe i wont be as successul.
Anyway nowadays I go from the principle that i dont know how to trade so I try to learn as much as I can from experienced people, that's why I'm here for since you seem to know the way it should be done.I hope you understand what I wrote here cause english isn't my language. Have a good day.
  • #17
  • Jun 13, 2013 10:11am Jun 13, 2013 10:11am
Quoting dove_alliance
{quote} I am neither a fundamental or technical trader. I am a trader of the moment. And how this is done is with proper indicators that move in the paradox trend which is moving between support and resistance and vice-versa. Support and resistance in a paradox trend is moving with every bar. It is never the same from bar to bar. And using this kind of trend you are seeing the future and making entries before the market even knows the change of trend is happening. With these indicators you are making entries off the the support or resistance for...
Thank you for your response. I guess my next question is "what is the paradox trend" - but perhaps it's better if the thread progresses without me guiding it and as you initially envisaged it.
  • #18
  • Jun 13, 2013 10:23am Jun 13, 2013 10:23am
Quoting metta87
Hello Dove Is it really possible to make 100% profit on every trades ? Sorry to ask you that but see im very new at trading, only started 1 year ago ( demo )and to be honest i've started to become a sceptic that one could trade successfully on a consistent basis. In your posts above, you talked about some rules like 40/40 , not chasing the markets and being patient but can't we say that all these fit only someone who already knows how to trade and/or has a specific trading method ,if i try to apply those same rules with a different system maybe...
Your english is fine so do not worry and yes - it is possible to make 100% every day as I do so myself. With every trader is the same chasing systems like chasing the market. Everyone is looking for the "Holy Grail" and systems are being created daily by traders who are always searching. But in reality - there are some good systems out there in the trading world and the problem is finding one that fits your demure of personality. And once you have found that system then the rules of trading begins. So I suggest do not even attempt to trade until you have found the system that fits you personally.
The Dove - Forex Trainer
  • #19
  • Jun 13, 2013 10:42am Jun 13, 2013 10:42am
Quoting TheMaxx
{quote} Thank you for your response. I guess my next question is "what is the paradox trend" - but perhaps it's better if the thread progresses without me guiding it and as you initially envisaged it.
That is very true - you do not ever guide the trend. It will guide itself between its own support and resistance which is created in the paradox trend. The trend itself is created by moving averages that are not standard nor default. The MA's are created to be BASED upon one another and not by the market. And being based upon one another it creates a trend with it OWN support and resistance which is not standard by any means. In reality the MA's are no longer lacking but is coded to the tick itself.
The Dove - Forex Trainer
  • #20
  • Jun 13, 2013 12:11pm Jun 13, 2013 12:11pm
Here is an example of a Paradox Trend.

Day before yesterday - just after 17:00 ET the trend changed from down to the up on my trading charts. But - the problems was - the Daily is down which means there was a retrace to the resistance area on my charts. I traded the retrace to the resistance with a TP and had a price alert set at the 129.00 for an entry back into the short. The resistance on my chart was at the 129.20 for entry and closed the trade this morning at support with 420 pips.

These supports and resistance are created by the paradox trend on all of my charts which gives a complete picture of entry and exits before it even hgappens. This trade is long term in which I have two accounts - one for long term and another on my daily trading.
The Dove - Forex Trainer
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