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Mastering the Art of Trading

  • #681
  • Sep 17, 2013 7:38am Sep 17, 2013 7:38am
Quoting wash
{quote} pls i want to download this video, cos internet is expenive in my country. pls show me the download link
Hey wash! As ghous said, there are plenty of different services which you can use to download youtube videos. You can use for example this site http://keepvid.com/. Only thing you need is to have installed java on your PC and allowed java applet in your web browser.

Just paste video url to input box and click on download button. You will see download links for different video formats and quality settings from which you can chose your desired option.

For example:

implicit divergence- http://keepvid.com/?url=http%3A%2F%2...DTLNwKr1OzuULA

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  • #682
  • Sep 17, 2013 9:18am Sep 17, 2013 9:18am
Quoting ghous
{quote} Hey Kos, I was reviewing your question and decided to do a general video for the basic section as the issue you raise is extremely important and basic in nature. Why is it important to be picky with your trades: http://www.youtube.com/watch?v=af8uwTfpY8c Why is it so difficult to be picky for traders: http://www.youtube.com/watch?v=MDXgmQliXjM g.
Man, I just love your channel and the videos you keep making. Those are excatly the question every trader goes through an dI am looking forward to watch more of those videos
Price is what you pay. Value is what you get.
  • #683
  • Sep 17, 2013 10:56am Sep 17, 2013 10:56am
Update - Closed my position in USDJPY when price hit the downtrend line. Thanks for the heads up Ghous.

Neytiri
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  • #684
  • Sep 17, 2013 2:49pm Sep 17, 2013 2:49pm
Ghous your videos are really A+ stuff
Great Job
  • #685
  • Sep 17, 2013 4:01pm Sep 17, 2013 4:01pm
Very good video G!

That's what i have been missing at FF. Nobody tells you this stuff. I have came to the same conclusions as G did but i had to do it the hard was - all by myself. So guys - watch it a few times. Write every idea down. Read it every day!

Guys! I'm kind of the trader A. The one who wants to get involved in the action. If you want to take B-C trades i think it's not a problem IF, and only IF, you know that you are going to be consistent with them too. I mean i wanted to take B, C trades, started testing them, and came to the conclusion, that it doesn't worth the stress. But if you think it does, than future-test 500-1000 trades, have an exact win ratio, so you can set another risk% that you are going to use for these type of trades. Once again - at this point you KNOW that you will be consistent.

I'm the kind of person that like to see things for himself... By all means - i'm far not as experienced as ghous - but maybe it's even better if you try it out now (on demo), and fail, and leave it there as it is, than going live and getting the idea there to "take a bit more trades for some extra profit".

Hope this helps.

And Ghous once again THANK YOU.
I think I will watch it again - grab my pen and notebook, and write some clever ideas down, so I will have something to read before I go to bed

PS: Have you read trading & exchanges? It's a damn great book about market microstructure, liquidity etc.
PS2: If you think I just said something crap, that will only confuse the new ones, then write me a PM, I will delete this post.

Cheers,
Stephen
It's all psychology...
  • #686
  • Sep 17, 2013 5:06pm Sep 17, 2013 5:06pm
pls can some one explain to me how to use ATR
  • #687
  • Sep 17, 2013 6:07pm Sep 17, 2013 6:07pm
Quoting LamerTrader
Very good video G! That's what i have been missing at FF. Nobody tells you this stuff. I have came to the same conclusions as G did but i had to do it the hard was - all by myself. So guys - watch it a few times. Write every idea down. Read it every day! Guys! I'm kind of the trader A. The one who wants to get involved in the action. If you want to take B-C trades i think it's not a problem IF, and only IF, you know that you are going to be consistent with them too. I mean i wanted to take B, C trades, started testing them, and came to the conclusion,...
Huh, am I missing something?
Which new video are you talking about?
I only get an audio commentary on the last two about being picky?
Is this what you are referring to when you said "Video"?
  • #688
  • Sep 17, 2013 7:19pm Sep 17, 2013 7:19pm
Quoting wash
pls can some one explain to me how to use ATR
Here you go but Ghous does not use it.

http://www.babypips.com/forexpedia/Average_True_Range
  • #689
  • Sep 17, 2013 7:29pm Sep 17, 2013 7:29pm
While I was over at babypips finding the link to the ATR, I found this article which is basically what we are doing with the fakeout, in this thread.
It may be of interest to new people.

Fade the Breakout
Fade the breakout you say? Was that just a typo? Did you mean to say, "trade the breakout"?
Nope!
Fading breakouts simply means trading in the opposite direction of the breakout.
Fading breakouts = trading false breakouts.
You would fade a breakout if you believe that a breakout from a support or resistance level is false and unable to keep moving in the same direction. In cases in which the support or resistance level broken is significant, fading breakouts may prove to be smarter than trading the breakout.
Keep in mind that fading breakouts is a great short-term strategy. Breakouts tend to fail at the first few attempts but may succeed eventually.
REPEAT: Fading breakouts is a great short-term strategy. It is not a great one to use for longer term traders. By learning trade false breakouts, also known as fakeouts, you can avoid getting whipsawed.
Trading breakouts appeal to many independent traders. Why?
Support and resistance levels are supposed to be price floors and ceilings. If these levels are broken, one would expect for price to continue in the same direction as the breakage.
If a support level is broken, that means that the general price movement is downwards and people are more likely to sell than buy.
Conversely, if a resistance level is broken, then the crowd believes that price is more likely to rally even higher and will tend to buy rather than sell.
Independent retail traders have greedy mentalities. They believe in trading in the direction of the breakout. They believe in huge gains on huge moves. Catch the big fish, forget the small fries.
In a perfect world, this would be true. But the world is not perfect. Frogs and princesses do not live happily ever after. What does in fact happen is that most breakouts FAIL.
Breakouts fail simply because the smart minority has to make money off the majority. Don't feel so bad. The smart minority tends to be comprised of the big players with huge accounts and buy/sell orders.
In order to sell something, there must be a buyer. However, if everyone wants to buy above a resistance level or sell below a support level, the market maker has to take the other side of the equation. And let us warn you: the market maker ain't no fool.
http://www.babypips.com/school/image...13/no-fool.png
Retail traders like to trade breakouts.
The smart minority, the institutional, more seasoned traders, prefer to fade breakouts.


The smarter traders take advantage of the collective thinking of the crowd or inexperienced traders and win at their expense. That is why trading alongside the more experienced traders could be very profitable as well.
Which would you rather be part of: the smart minority that fades breakouts or the losing majority that gets caught in false breakouts?


Read more: http://www.babypips.com/school/fade-...#ixzz2fCR5SIQT
  • #690
  • Sep 17, 2013 7:47pm Sep 17, 2013 7:47pm
Quoting ghous
{quote} Hey Kos, I was reviewing your question and decided to do a general video for the basic section as the issue you raise is extremely important and basic in nature. Why is it important to be picky with your trades: http://www.youtube.com/watch?v=af8uwTfpY8c Why is it so difficult to be picky for traders: http://www.youtube.com/watch?v=MDXgmQliXjM g.
I just want to say... I will start my day... every day with these two videos....

You explain exactly the me........

Great work man.....

Thank you very much..........

KOS
80% effort, 20% luck
  • #691
  • Sep 17, 2013 7:57pm Sep 17, 2013 7:57pm
Quoting LamerTrader
Very good video G! That's what i have been missing at FF. Nobody tells you this stuff. I have came to the same conclusions as G did but i had to do it the hard was - all by myself. So guys - watch it a few times. Write every idea down. Read it every day! Guys! I'm kind of the trader A. The one who wants to get involved in the action. If you want to take B-C trades i think it's not a problem IF, and only IF, you know that you are going to be consistent with them too. I mean i wanted to take B, C trades, started testing them, and came to the conclusion,...
" So guys - watch it a few times. Write every idea down. Read it every day!" --

"but maybe it's even better if you try it out now (on demo), and fail, and leave it there as it is" ---- FAIL BETTER

" If you think I just said something crap, that will only confuse the new ones, then write me a PM, I will delete this post." -----
80% effort, 20% luck
  • #692
  • Edited 10:33pm Sep 17, 2013 8:40pm | Edited 10:33pm
Quoting KOS-fx
{quote} I just want to say... I will start my day... every day with these two videos.... You explain exactly the me........ Great work man..... Thank you very much.......... KOS
Why is everyone calling these "Videos" there is no video, it is just an audio cometary.
Unless, I am missing something here?

Here is one I am watching.
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  • #693
  • Sep 17, 2013 9:46pm Sep 17, 2013 9:46pm
" Unless, I am missing something here? "

Of Course Not............
80% effort, 20% luck
  • #694
  • Sep 17, 2013 10:55pm Sep 17, 2013 10:55pm
Quoting KOS-fx
" Unless, I am missing something here? " Of Course Not............
Well, they are calling it a video, a video by its definition is not only audio, it is visual.

Thought this crappy internet connection here was screwing me over.
  • #695
  • Sep 17, 2013 11:31pm Sep 17, 2013 11:31pm
Quoting LamerTrader
Very good video G! That's what i have been missing at FF. Nobody tells you this stuff. I have came to the same conclusions as G did but i had to do it the hard was - all by myself. So guys - watch it a few times. Write every idea down. Read it every day! Guys! I'm kind of the trader A. The one who wants to get involved in the action. If you want to take B-C trades i think it's not a problem IF, and only IF, you know that you are going to be consistent with them too. I mean i wanted to take B, C trades, started testing them, and came to the conclusion,...
No I haven't read that book.

g.
I believe . . .
  • #696
  • Sep 17, 2013 11:32pm Sep 17, 2013 11:32pm
Quoting Pinbar
{quote} Huh, am I missing something? Which new video are you talking about? I only get an audio commentary on the last two about being picky? Is this what you are referring to when you said "Video"?
You're not missing anything bro,

Its the same video or audio commentary. Its technically a video you see.

g.
I believe . . .
  • #697
  • Sep 17, 2013 11:38pm Sep 17, 2013 11:38pm
Quoting ghous
{quote} Hey Kos, I was reviewing your question and decided to do a general video for the basic section as the issue you raise is extremely important and basic in nature. Why is it important to be picky with your trades: http://www.youtube.com/watch?v=af8uwTfpY8c Why is it so difficult to be picky for traders: http://www.youtube.com/watch?v=MDXgmQliXjM g.
Great videos Ghous!
  • #698
  • Sep 18, 2013 12:28am Sep 18, 2013 12:28am
Pinbar!

You are simply old-school
It's all psychology...
  • #699
  • Sep 18, 2013 12:41am Sep 18, 2013 12:41am
Quoting LamerTrader
Pinbar! You are simply old-school
No actually I am not old school.
I am simply an English teacher who knows that the word VIDEO is taken from the Latin word videre, which means to see.
Therefore, it is you young whippersnappers who are the young school and, using your native language incorrectly.
If indeed English is your native language, if not. Now you know the real deal.

It is actually an audio recording only. Anyway you look at it, or don't in this case. Haaaa
Excuse the pun.
  • #700
  • Sep 18, 2013 12:56am Sep 18, 2013 12:56am
Hi Everybody here, hi Ghous... Was looking for fake breakout n I find a break out in GPB/USD dont really knw if am right, Pls correct me...
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