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Why did you start trading and what do you expect from it? 19 replies

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Trade What You See And Not What You Hope 0 replies

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Trade what you see NOT what you expect

WAAAAZZZZZZZUUUPPPPPP MY PEOPLE.

Still trading but on higher time frames (wkly, daily, 4hr). I also sometimes get up for the London session and look for 20+ pips. So you can say I'm still grinding. Market seems confused right now, looks like it's gonna be a choppy summer.

Working during the day with a Real Estate company inspecting houses, with Metatrader on my IPhone, the market is always close by.

I see everyone is doing well. Glad to see some action on the thread.

HOLLA
Quoting Turtle
WAAAAZZZZZZZUUUPPPPPP MY PEOPLE. Still trading but on higher time frames (wkly, daily, 4hr). I also sometimes get up for the London session and look for 20+ pips. So you can say I'm still grinding. Market seems confused right now, looks like it's gonna be a choppy summer. Working during the day with a Real Estate company inspecting houses, with Metatrader on my IPhone, the market is always close by. I see everyone is doing well. Glad to see some action on the thread. HOLLA
Turtle! Sounds like you're doing well and have a great balance going there. The technology does make things easier these days - you don't have to be 100% glued to your screen to manage positions. Keep it up mate, keep checking in
Anyone know where Eohater is these days? Still pipping on this system i presume!?
Glad you see you guys are doing well. I have not given up the dream of trading full time either, and getting closer every month. Having the stones to do it is another thing however..

131 do you have any videos of you playing on youtube??
Cap
Hey Cap,

You've got mail- don't want to clutter the thread!
There is no top. There are always further heights to reach. Jascha Heifetz
Coming week's open is important because it may decide if it will actually go down even more or not.
The downtrend obviously is too strong, however there may be some retracement.

Weekly chart
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usdcad buy
wish me luck
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THERE IS NO SYSTEM
this thread getting quieter....
Great Bodies are Engineered not Born
I hate when I read threads like this and see old dates, I'm a new Forex trader, but it makes me think they lost all their moneys and gave up Forex. so please if any of the old bros of this thread can post and tell us how trading and life goes, please I'll gladly read your responses, Take care =)
I still study this thread on a daily basis, not yet a profitable trader myself but I'm getting there. But I miss the old timers posting and teaching as well
Quoting CallMeIso
I hate when I read threads like this and see old dates, I'm a new Forex trader, but it makes me think they lost all their moneys and gave up Forex. so please if any of the old bros of this thread can post and tell us how trading and life goes, please I'll gladly read your responses, Take care =)
Ha! I get that, I see why you would worry about this.

You'll find it to be almost the exact opposite. I believe that many of the early protagonists on this thread went on to make their lives very comfortable off the back of trading FX and trading this method. This thread went quiet because the original lot chose to post less and less and then the followers naturally ebbed away too. They had their reasons as I understand it but that's personal to them. It is a pity because of all the threads i've read on any forum, this is by far the most insightful, honest and inspirational.

Some of the original crew are knocking around still. Turtle posts from time to time, Captain posted quite recently, Ken Lee went on to trade a different method and now has his own very active thread. Posters like myself and Trader123 were late joiners to the thread but still check in.

You'll spend a long time searching to find a better resource for learning how to trade for free than this thread. Just be prepared to put in 2-5 years of hard and long learning hours if you want to start seeing the results though
Quoting ForexForce
I still study this thread on a daily basis, not yet a profitable trader myself but I'm getting there.
Same here, but any day now I'm going to get off demo and trade real money!
Hi, my name is Barry and you can keep your doctor...
I forgot Cisco. Cisco still checks in!
Quoting Trotty
{quote} Ha! I get that, I see why you would worry about this. You'll find it to be almost the exact opposite. I believe that many of the early protagonists on this thread went on to make their lives very comfortable off the back of trading FX and trading this method. This thread went quiet because the original lot chose to post less and less and then the followers naturally ebbed away too. They had their reasons as I understand it but that's personal to them. It is a pity because of all the threads i've read on any forum, this is by far the most...
I agree, I've searched around for different systems/methods and this is by far the most complete and accurate method around, lately I've been spending huge amounts of time trading in simulators, and I believe this makes the learning curve a lot shorter imho.
Quoting ForexForce
{quote} I agree, I've searched around for different systems/methods and this is by far the most complete and accurate method around, lately I've been spending huge amounts of time trading in simulators, and I believe this makes the learning curve a lot shorter imho.
I think it's the only way short of spending 5 or 6 years of losing or breaking even in live markets until you get it.

Confidence is almost everything in trading and I spent 2 years battering the simulators before I gained the confidence that 8 or 9 times out of 10, I could tell where the market was going and roughly where the turning points would be. That's really all we are after. It cuts down the learning curve considerably and once you've gained that confidence on a sim "risk free" it totally changes you approach in the live markets. You no longer worry about trades going against you or your losses because you know that you read the market well enough to be more right than wrong. It lets you allow your trades to run their course. Fear evaporates.

Probably the best £150 or so I ever spent was on a sim.
Quoting Trotty
{quote} I think it's the only way short of spending 5 or 6 years of losing or breaking even in live markets until you get it. Confidence is almost everything in trading and I spent 2 years battering the simulators before I gained the confidence that 8 or 9 times out of 10, I could tell where the market was going and roughly where the turning points would be. That's really all we are after. It cuts down the learning curve considerably and once you've gained that confidence on a sim "risk free" it totally changes you approach in the live markets....
Totally agree. Time is needed to learn to deal with your emotions when trading. Setups are the easiest part of trading.
Quoting Trotty
{quote} I think it's the only way short of spending 5 or 6 years of losing or breaking even in live markets until you get it. Confidence is almost everything in trading and I spent 2 years battering the simulators before I gained the confidence that 8 or 9 times out of 10, I could tell where the market was going and roughly where the turning points would be. That's really all we are after. It cuts down the learning curve considerably and once you've gained that confidence on a sim "risk free" it totally changes you approach in the live markets....
I agree...once you're able to adjust your timing on the sim and transfer it to real time things get a lot clearer. One huge problem I was facing was exactly that, while on the simulator I would trade weeks in a matter of hours, I expect the same pace on the market, for obvious reasons that didn't work quite the way I was training my mind to think and it took me some time to realize that on real market conditions patience was a big part of the deal.

Anyways, nice to see some old timers like u posting on this thread, I've been here for more than a year reading and learning...
I was PMd by Forex Force who asked one or two questions about using higher timeframes to help with the M15 entries. I talked about some ways in which they help paint the path into entries it's hard to explain without charts. I said i'd put a chart up to demonstrate what i was talking about so this is from this morning's EU action:

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Sorry about the crappy charts but the Green circle shows two candles to take note of from the H1. The bullish second candle forms a DBLHC with the first bearish candle and produced a nice upper wick sowing you where price was willing to head. Sure, price got pushed down from the highs but we can view that as a little more than a retracement, rather than an indication that the move is already over. It's a lovely long setup.

M15 chart:

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So the green circle here shows a second very weak candle with a bearish close. As you can see, it fails to close below the low of the previous wick. This is your first M15 candle after the H1 close and is your confirmation that price is willing to go higher from here.

As you can see, price does end up dipping a little lower than this point but shouldn't take out anything approaching a sensible stop. then you get some good pips. Hopefully this makes some sense
Quoting Trotty
I was PMd by Forex Force who asked one or two questions about using higher timeframes to help with the M15 entries. I talked about some ways in which they help paint the path into entries it's hard to explain without charts. I said i'd put a chart up to demonstrate what i was talking about so this is from this morning's EU action: {image} Sorry about the crappy charts but the Green circle shows two candles to take note of from the H1. The bullish second candle forms a DBLHC with the first bearish candle and produced a nice upper wick sowing you...
Thank you very much Troty, really helpful man. Just one question, on m15 it printed a shooting star on the green circle, but h1 shows price is willing to go higher (BDHLC), therefore you waited for a next m15 confirmation and once price didn't close bellow the shooting star's wick you entered long??
Quoting Trotty
{quote} I think it's the only way short of spending 5 or 6 years of losing or breaking even in live markets until you get it. Confidence is almost everything in trading and I spent 2 years battering the simulators before I gained the confidence that 8 or 9 times out of 10, I could tell where the market was going and roughly where the turning points would be. That's really all we are after. It cuts down the learning curve considerably and once you've gained that confidence on a sim "risk free" it totally changes you approach in the live markets....
I remember when i started the trading i had a lot of loosing trades, i felt the market always go against me. If i would be young and i start now the trading, the most important thing i tell myshelf: to accept the breakeven trades!!! These are the sign of become a better trader. for me the learning curve started a loosing trades after that i start to do BE trades. When you have a good strategy what good for you for some months you will have confidence, becasuse you know you have right. Dont care about the next trade positive or negative. The most important for you, to care about the high odds trades.
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