Going Old School | Forex Factory

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Going Old School

  • #1
  • First Post: Sep 21, 2013 8:53am Sep 21, 2013 8:53am
I just thought how it would be to live in the 1920s.

There were no computers,software or indicators.
I decided to do this experiment and go old school.
That means going back to paper and pencil. Drawing my own charts just by the quotes i get (LMAX).

Making notes about news,events,market behavior, market pattern etc.

Maybe it's a good way to become better and to see how the market breathes.

Any advice?
  • #2
  • Sep 21, 2013 9:34am Sep 21, 2013 9:34am
Quoting No-Luck
I just thought how it would be to live in the 1920s. There were no computers,software or indicators. I decided to do this experiment and go old school. That means going back to paper and pencil. Drawing my own charts just by the quotes i get (LMAX). Making notes about news,events,market behavior, market pattern etc. Maybe it's a good way to become better and to see how the market breathes. Any advice?
An interesting concept that might help you focus more on price action and the raw data instead of indicators. Keep in mind though that this career wasn't any easier back in the day than it is now...
  • #3
  • Sep 21, 2013 8:45pm Sep 21, 2013 8:45pm
Well if you're scalping you're going to need to send one raven with word to buy quite quickly after you send your raven with word to sell
Time hides Nothing
  • #4
  • Sep 22, 2013 4:40am Sep 22, 2013 4:40am
do you also draw chart on paper ? that could be interesting i would like to see some hand draw chart
  • #5
  • Sep 22, 2013 6:42am Sep 22, 2013 6:42am
@No-Luck - Have a look at "Reminiscences of a Stock Operator" its about Jesse Livermore, who traded during that time. There is also a book by himself (how to trade in Stocks) and various others (eg. those by Smitten).
  • #6
  • Sep 22, 2013 1:47pm Sep 22, 2013 1:47pm
Quoting adriann
do you also draw chart on paper ? that could be interesting i would like to see some hand draw chart
Yes, I will.

Quoting DSchaumann
@No-Luck - Have a look at "Reminiscences of a Stock Operator" its about Jesse Livermore, who traded during that time. There is also a book by himself (how to trade in Stocks) and various others (eg. those by Smitten).
Thanks, I will take a look at it.
  • #7
  • Sep 24, 2013 4:23pm Sep 24, 2013 4:23pm
Nice idea, dont think I would have the patience for it my self but will be interested to see how you get on.

Gartley found some of the best patterns with the old pencil and charting paper - and these are still used extensively today.
  • #8
  • Sep 24, 2013 5:11pm Sep 24, 2013 5:11pm
Quoting CindyXXXX
Well if you're scalping you're going to need to send one raven with word to buy quite quickly after you send your raven with word to sell
  • #9
  • Sep 25, 2013 4:28am Sep 25, 2013 4:28am
Well it would be like racing horse and cart against a modern car. I read that spreads in those days were about 60 pips, but then currency pairs would move over 300 pips daily. Fine if you were competing against everyone on a level playing field, but I don't understand why you would want to deliberately disadvantage yourself.
  • #10
  • Sep 25, 2013 11:34am Sep 25, 2013 11:34am
very possible. you can use round numbers and record when price crosses them.you will definitely get a feel for the trend when you do that.

my trading uses these basic principles only that I added the vilified MAs just for reference and to make my work damn easy.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #11
  • Last Post: Sep 25, 2013 12:30pm Sep 25, 2013 12:30pm
Thx.

Right now I have some pattern i wanna test then in my trading journal.
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