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Trading as I know it...

  • #1
  • First Post: Edited 10:12am Aug 30, 2013 10:01am | Edited 10:12am
I've had enough of trading for a little while. The ups and downs, the round and rounds.. money... So sick of money..

So I'm going to use this thread to show every single thing I've learned in the past 5 years trading.
I used to keep everything secret and private. I guess that made me feel better somehow, knowing I had a little secret..

There really are no secrets.. Only the ones you're sold... So for the next little while I'm just basically going to sh*t on about where i believe the edges are, the money.. The pips.. Whatever

Why this game is so fkinig hard,,, etc etc

I will likely reveal my ignorance to may subjects, so in this case simply email Twee for a refund and kindly go and rub up against someone with an ego complex, and keep your dream alive.

Maybe the value I gain is to feel the last 5 years has not been a complete waste of time.

No doubt you can make money in the markets.. I just happen to suck at it, truth be told... But hopefully the things I share will allow someone more capable and more deserving than me to exploit the things I have learned. well I'm casting some positive protons out into the Universe, and trust the universe will replace these with something of benefit to me.. Stay tuned.

God speed
Time hides Nothing
  • #2
  • Edited 2:17pm Aug 30, 2013 1:43pm | Edited 2:17pm
So let's start with the concept of liquidity


This... I believe is the only Achilles heal of he market... big guys vs small guys... My order can be placed at any price.. The big guys order cannot.. He needs liquidity to fill his big order.. He needs willing buyers of his multi billion dollar sell order,,, If there are no willing buyers at the current price he will (by executing his large order) push the price against his own trade as it searches for enough liquidity to fill his order... If I had 200 bails of hay to sell at $200 a pop and I needed it right now, unless there are 200 bails of hay willing to be bought at $200 a pop, as soon as I start executing my request... Price will change to reflect the lack of liquidity.. Price will search for the liquidity I'm demanding.. Price will have to fall to attract more buyers..

only 50 people in the market are willing to buy my bails of hay for $200

So what about $199 .. we attract 30 more people... I still need another 120 buyers// Price needs to fall more

$198 a bail.. 80 more people (need 40 more people)

Until price arrives at $197 where there are 100 willing buyers of hay, and my order is now fulfilled.. my 40 bailed of hay are sold... Price has valuated my request.,.

Economics 101

Supply/ Demand

Attached Image
Time hides Nothing
  • #3
  • Aug 30, 2013 1:49pm Aug 30, 2013 1:49pm
Quoting CindyXXXX
I've had enough of trading for a little while. The ups and downs, the round and rounds.. money... So sick of money.. So I'm going to use this thread to show every single thing I've learned in the past 5 years trading. I used to keep everything secret and private. I guess that made me feel better somehow, knowing I had a little secret.. There really are no secrets.. Only the ones you're sold... So for the next little while I'm just basically going to sh*t on about where i believe the edges are, the money.. The pips.. Whatever Why this game is so...

Can't wait to learn from you ... First row student in here
Winners never quit and quitters never win. Vince Lombardi
  • #4
  • Aug 30, 2013 2:38pm Aug 30, 2013 2:38pm
Efficient Markets:


The object of the market is to define the value of some thing by way of supply and demand... We attempt to arrive at an equilibrium price where buyers and sellers meet to say "hey, this is the value of this".

Why does Christiano Rinaldo get paid 1 million dollars a game to kick a pig skin around a field, when Joe blow works 40 hours a weeks scrubbing toilets for less than .1% as much? Simply because someone is willing to pay the 1 million dollars for Christiano Ronaldo... The membership, and endorsements, and royalties and sponsorships etc etc.. Are worth what he gets paid.. He is a rare talent and therefore compensated in such a way. He is a commodity.. If there were 1 million other people that could play soccer like him and were as marketable as him, then no he would not be on such a large amount of money.

... In equities we have the value of an "asset"" a company... In the Bond market we have the value of money itself defined by the interest rate.. The "Time value of Money"... In commodities we have the value of the physical commodity...

In FOREX.. We have a rate.. We attempt to define the value of one vs another... By design that is in essence what the FOREX market attempts to achieve..

This vs That..
Time hides Nothing
  • #5
  • Aug 30, 2013 2:59pm Aug 30, 2013 2:59pm
Support and Resistence

Alright, it's no good for you for me to touch the surface of deep concepts ... so something you can actually use...

Let's start with the boundaries of the market

Support and Resistance.. Supply and Demand... Buy Limits and Sell Limits.. Whatever you want to call it

A good thread a while back now Billy Ray Valentines " No Brainer Trades, introduced to me the notion of highly probable market turning points..

So lets see some of these.. The basic premise is that banks often set orders at these levels as this is where liquidity is found. Why is liquidity plentiful at these points? Because they hold historical, psychological and mechanical significance.

Take a horizontal line and move it down your chart until you see the most reactive point. You want as many high, low, and closes as you can all in the one price level. This is evidence that this level holds some kind of significant reaction.. A few examples to follow..
Time hides Nothing
  • #6
  • Aug 30, 2013 3:08pm Aug 30, 2013 3:08pm
Quoting CindyXXXX
Alright, it's no good for you for me to touch the surface of deep concepts ... so something you can actually use... Let's start with the boundaries of the market Support and Resistance.. Supply and Demand... Buy Limits and Sell Limits.. Whatever you want to call it A good thread a while back now Billy Ray Valentines " No Brainer Trades, introduced to me the notion of highly probable market turning points.. So lets see some of these.. The basic premise is that banks often set orders at these levels as this is where liquidity is found. Why is liquidity...
if you gonna talk about the lovely S/R levels then Wait a second ... I'll grab a pencil to write this down and come back fast
Winners never quit and quitters never win. Vince Lombardi
  • #7
  • Aug 30, 2013 3:44pm Aug 30, 2013 3:44pm
Quoting cristiano7
{quote} if you gonna talk about the lovely S/R levels then Wait a second ... I'll grab a pencil to write this down and come back fast
If you kiss my ass one more time I'm gonna have to lose my sh*t Youer likely a better trader than me. It would not be so hard.. You're positive input would be more appreciated

Why I suck:

I have a self destructive streak that I can't seem to shake.. I have been known to trade with discipline for 3 months straight only to undo everything in that 3 months with one stupid trade,.. That' is why I suck.. It' important that you know this as I don't claim to be a big shot trader.. Just sharing what I know to be helpful

I will expand on my trials and tribulations when the time is more fitting but for now, take what I say with a grain of salt and understand that I failied as a trader. I failed myself
Time hides Nothing
  • #8
  • Aug 30, 2013 4:02pm Aug 30, 2013 4:02pm
Quoting CindyXXXX
{quote} If you kiss my ass one more time I'm gonna have to lose my sh*t Youer likely a better trader than me. It would not be so hard.. You're positive input would be more appreciated Why I suck: I have a self destructive streak that I can't seem to shake.. I have been known to trade with discipline for 3 months straight only to undo everything in that 3 months with one stupid trade,.. That' is why I suck.. It' important that you know this as I don't claim to be a big shot trader.. Just sharing what I know to be helpful I will expand on my trials...
Oh man I'm sorry for that but in my day job nowadays I get used day in and day out to kiss people asses I'll try to get rid of this bad habit ... only positive inputs from now on if there's any
Winners never quit and quitters never win. Vince Lombardi
  • #9
  • Aug 30, 2013 4:22pm Aug 30, 2013 4:22pm
Quoting cristiano7
{quote} Oh man I'm sorry for that but in my day job nowadays I get used day in and day out to kiss people asses I'll try to get rid of this bad habit ... only positive inputs from now on if there's any
lol.. all good!.. Fear is God, just made an example out of your ass!~ We're buds!
Time hides Nothing
  • #10
  • Aug 30, 2013 4:29pm Aug 30, 2013 4:29pm
S/R

So you see in the following chart the price zones which have historically proved to be significant.

Notice the multiple tests and retests..

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 27 KB
Time hides Nothing
  • #11
  • Aug 30, 2013 4:35pm Aug 30, 2013 4:35pm
Trendlines

Still in the support and resistance category we have the age ol trend line.. Note that for every trend there will be many different lines drawn. what you want is to capture the line with the most significance.. Perhaps also you may draw two lines.. Ther are no rules here.. Think orders. Where will the bulls be positioned after late money has been shaken out of their trend?.. Where will the bears be positioned after late money has been shaken out of their trend?

Yes this is very basic stuff.. Just the beginning

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd trend lines.png Size: 27 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 32 KB


The same philosophy applies, you want to encapsulate the most action without impeding the range or level if that makes sense. Just draw the line that defines the most action without defying the rule. TIP: Try and keep closes of candles within the line.. Draw the line that encompasses this
Time hides Nothing
  • #12
  • Aug 30, 2013 9:32pm Aug 30, 2013 9:32pm
Quoting CindyXXXX
{quote} Why I suck: I have a self destructive streak that I can't seem to shake.
Without doubt the most usefull comment so far.

This is where all the work is, and where the least amount of work is done. We are all like this to some degree.

I would be most interested to hear about this aspect of your experience. Have you enquired of yourself as to what is causing your self destruct streak and what could be done about it? - now that would be some useful stuff

Or, we can just accept we are self destructive and sweep that under the rug. Meanwhile we can learn some more s/r, supply/demand, liquidity crap so that we can justify getting back in the ring for more punishment.
BTC Return This Year: na
  • #13
  • Aug 30, 2013 9:39pm Aug 30, 2013 9:39pm
Quoting M.A.C.Doug
{quote} Without doubt the most usefull comment so far. This is where all the work is, and where the least amount of work is done. We are all like this to some degree. I would be most interested to hear about this aspect of your experience. Have you enquired of yourself as to what is causing your self destruct streak and what could be done about it? - now that would be some useful stuff Or, we can just accept we are self destructive and sweep that under the rug. Meanwhile we can learn some more s/r, supply/demand, liquidity crap so that we can justify...
Great Doug.. I see your balls.. Large are thee..

Long story short.. Subconsciously I do not feel worthy of success... I hate myself with a passion, I hate the choices I've made in my life and I feel guilty making money... that is why.. Deep cut over.. Let's not do this

Liquidity crap.. I will reveal much.. Take it all

Topics I wish to cover:

  1. Confluence
  2. Correlation
  3. Session hours
  4. Fundamentals
  5. Data trends
  6. Stops
  7. Mispricings
  8. Psychology (fkn love this one)

What can be done about my self destructive streak.?. I'm doing it

Time hides Nothing
  • #14
  • Aug 30, 2013 10:34pm Aug 30, 2013 10:34pm
Quoting CindyXXXX
{quote} Let's not do this
Lets not do what exactly?

Quoting CindyXXXX
{quote})What can be done about my self destructive streak.?. I'm doing it
consider the possibility that you have created this thread as a time consuming diversion to avoid facing and dealing with what really matters.

You have 8 topics to cover, 7 of which will make no difference to anyone who feels in the slightest bit guilty, let alone hating oneself with a passion. The only point that has any hope at all of improving trade performance just happens to be the last one on your list. Thats the one you say you love and yet you are requesting that we not do this?

Sorry mate, Im giving you are hard time during your trading sabaticle. You know I am really talking about myself. If you really dont want to do this I will leave you alone to do your market lessons. To be honest, most traders are probably not going to want to do this either
BTC Return This Year: na
  • #15
  • Aug 30, 2013 10:39pm Aug 30, 2013 10:39pm
Quoting M.A.C.Doug
{quote} Lets not do what exactly? consider the possibility that you have created this thread as a time consuming diversion to avoid facing and dealing with what really matters. You have 8 topics to cover, 7 of which will make no difference to anyone who feels in the slightest bit guilty, let alone hating oneself with a passion. The only point that has any hope at all of improving trade performance just happens to be the last one on your list. Thats the one you say you love and yet you are requesting that we not do this? Sorry mate, Im giving you...
Hm... I just made this thread to offload all the trading crap out of my head to someone who may benefit pretty much...

Should I not do this? Tired of trading tired of reading ll the useless crap on the forum.. I fel like I have some actual value to offer.. And I just learned about Protons..

Fk trading you can have it.. I want to offload this sh*t to someone who can use it and go and do something meaningful with my life.. What's the problem?
Time hides Nothing
  • #16
  • Aug 30, 2013 11:13pm Aug 30, 2013 11:13pm
Quoting CindyXXXX
{quote} Hm... I just made this thread to offload all the trading crap out of my head to someone who may benefit pretty much... Should I not do this? Tired of trading tired of reading ll the useless crap on the forum.. I fel like I have some actual value to offer.. And I just learned about Protons.. Fk trading you can have it.. I want to offload this sh*t to someone who can use it and go and do something meaningful with my life.. What's the problem?

No problem, I didnt realise you were getting out. I thought you were just taking a break. Trading is pretty empty and meaningless. I always advise anyone who is contemplating it to forget they ever heard of trading. Look for ways to give love instead of take profit. I congratulate you and I wish you all the best.

Im about to refund my account with the largest single deposit since I first borrowed, and lost 10k in 2005. Im all ears
BTC Return This Year: na
  • #17
  • Aug 31, 2013 12:49am Aug 31, 2013 12:49am
nice discussion. I have been reviewing my trading and discovered that I can't achieve my dreams with my current system since I will regularly crash and burn -emotionally that is.my account is usually safe since I stop trading whenever I feel like I'm in a crazed losing spin.

The only salvation is to risk no more than 1% of my account. This will enable me to ride out 95% of my losing streaks.However this means my returns are going to be worthless, that is why I'm working on modifying the system to work on lower timeframe where I'll make use of leverage and higher frequency of trades with a small SL and risk 0.5-1%.

The trick is to win smaller and frequently while keeping my balance. If it doesn't work out I'll probably quit trading and focus my talents elsewhere.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #18
  • Aug 31, 2013 1:08am Aug 31, 2013 1:08am
Quoting CindyXXXX
I've had enough of trading for a little while. The ups and downs, the round and rounds.. money... So sick of money...

... No doubt you can make money in the markets.. I just happen to suck at it ...
I can't believe that.

Take a rest and remember that after each down ... there's an up. You are one of the greatest members/contributors here and I believe also a great trader ...

BTW, I will follow your course with great interest!
MT4/MT5 EAs/Indicators/Alerts coder
  • #19
  • Aug 31, 2013 1:34am Aug 31, 2013 1:34am
Hi Mr Cindy,

I am thinking to share a little of my own trading thoughts here but not sure if its proper or a correct move. Do you mind before I do so?

Thx

GS
  • #20
  • Aug 31, 2013 2:38am Aug 31, 2013 2:38am
Quoting CindyXXXX
Fk trading you can have it..
Are you serious? We all have bad days/weeks/months. I think you've gone too far to turn back now.
Nothing worth having is easy.
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