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My market philosophy

  • #101
  • Nov 6, 2013 7:15am Nov 6, 2013 7:15am
great alex, i completely agree with you, my only thought during day trading is take reversale trade at the previous day high/low, similar to you. It's so easy...but people search always to complicating everything with indicators and so on.....

deltatrade, if you are not agree with this idea, you could always change threads.....

ciao ivan
  • #102
  • Nov 6, 2013 7:49am Nov 6, 2013 7:49am
Delta, Your point is well taken my friend & I too have seen many threads come & go on this as well as other forums. This thread could very well go too in the near future, but if Alexx90 is having success with it why not cheer him on with support & help if you have any to offer. In due time he will discover for himself if
his philosophy can hold up. I have found that what works today may not always work & will have to be retooled to some degree as time goes on. Anyway thanks for your views & comments. Good trades.

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  • #103
  • Nov 6, 2013 7:52am Nov 6, 2013 7:52am
Ivan66, Your post #66 is spot on. Simplicity is the best way to go. Thanks & good trades to you in the future.

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  • #104
  • Nov 6, 2013 8:51am Nov 6, 2013 8:51am
Quoting alexx90
Hi, you are Welcome! I'm Alessandro, Italian (so sorry, sometimes I could make some grammar mistakes), 23 years old. I studied IT and since 2010 I have studied markets and I'm self-taught about them. I'm here because I have a great skill, I always need to make me questions, I want to see all clear. I started 3 years ago with forex, indicators, systems, and more. Yeah I made some profits with but in the end i was never satisfied because i wanted to understand why markets move. My research went through many arguments, and in the end, it went through...

You remind me of myself after a Mark Douglas seminar
  • #105
  • Nov 6, 2013 10:27am Nov 6, 2013 10:27am
yes, look 4 november, eurusd, the price drop under the previous day low and the resume with a reversal bar going to make a new high!!!!
today, always eurusd, the price go up over yesterday and before yesterday high two times, the first one retrace from that high about 23 pips the second time is now, i'm short again with first tp price the precedent swing low of today, about 135,03 then 134,88.
it's 17,27.......we'll see what will happen.
  • #106
  • Nov 6, 2013 10:49am Nov 6, 2013 10:49am
Delta, what is your problem with this thread or with Alessandro ? If he, Alessandro, has a forex philosophy that could assist other traders leave him with it. Let criticism be constructive, polite and enlightening . I suspect you have just blown an account .Good luck.
  • #107
  • Nov 6, 2013 11:55am Nov 6, 2013 11:55am
Quoting ivan66
great alex, i completely agree with you, my only thought during day trading is take reversale trade at the previous day high/low, similar to you. It's so easy...but people search always to complicating everything with indicators and so on..... deltatrade, if you are not agree with this idea, you could always change threads..... ciao ivan
Thanks, I agree with you. I really don't know why people that don't like my thread are still here. Are they stupid? Do they want to learn or stay stupid? I think stay stupid. They can simply change thdead, it's not difficult!
  • #108
  • Nov 6, 2013 11:57am Nov 6, 2013 11:57am
Quoting acetrader
Delta, Your point is well taken my friend & I too have seen many threads come & go on this as well as other forums. This thread could very well go too in the near future, but if Alexx90 is having success with it why not cheer him on with support & help if you have any to offer. In due time he will discover for himself if his philosophy can hold up. I have found that what works today may not always work & will have to be retooled to some degree as time goes on. Anyway thanks for your views & comments. Good trades. ___________________________...
Thank you! I'm here to receive support and help from everybody like you said, this is the only way to build something.
  • #109
  • Nov 6, 2013 11:58am Nov 6, 2013 11:58am
Quoting aje6767
Delta, what is your problem with this thread or with Alessandro ? If he, Alessandro, has a forex philosophy that could assist other traders leave him with it. Let criticism be constructive, polite and enlightening . I suspect you have just blown an account .Good luck.
I suspect he have blown it too
  • #110
  • Nov 6, 2013 12:15pm Nov 6, 2013 12:15pm
Quoting alexx90
{quote} I suspect he have blown it too

i let you do that naturally in maximum 6 months from now. put a trade explorer up without money and lots just percentages and we'll go from there.
  • #111
  • Nov 7, 2013 5:08am Nov 7, 2013 5:08am
Quoting alexx90
{quote} I suspect he have blown it too
I must confess, I see serious potential in the knowledge you are about to share. Some dogs in the mangers in here wont offer to help struggling traders, yet they wouldn't allow those who want to help. Truth be told, i respect traders who trade naked chart, it shows they understand the nuances of market movements. If you dont mind, i will oblige you to put your thought process in a pdf, and upload here, so interested guys like me can go ahead and read. You can also recommend write ups or books that help you along your of unraveling market mystery. I am eight months live trading, i trade GBPUSD only, without any any indicators apart from pivots, am beginning to see some patterns that repeat quite frequently. I am sure your thought process will had to this puzzle.....just go ahead
i trust my system, only my broker i distrust
  • #112
  • Nov 7, 2013 5:39am Nov 7, 2013 5:39am
Quoting rosaferno
{quote} I must confess, I see serious potential in the knowledge you are about to share. Some dogs in the mangers in here wont offer to help struggling traders, yet they wouldn't allow those who want to help. Truth be told, i respect traders who trade naked chart, it shows they understand the nuances of market movements. If you dont mind, i will oblige you to put your thought process in a pdf, and upload here, so interested guys like me can go ahead and read. You can also recommend write ups or books that help you along your of unraveling market...
Nice thoughts brother. I agree with you. if he made a pdf file about his thought about trading we can find a path
  • #113
  • Nov 7, 2013 12:20pm Nov 7, 2013 12:20pm
For the purpose of this discussion, it seems that one big shark has shown his face today (Mario Draghi)

… maybe he is reading it

  • #114
  • Nov 9, 2013 3:09pm Nov 9, 2013 3:09pm
Alexx90 ...... I hope all is well with you & you will continue to share on your thread. I would have thought more would have joined in the discussion by now. Don't let the naysayers discourage you & your views. Over my many years of trading I too have noticed some of what you have started to share & I use it on a daily basis along with other tools I have discovered over the years. You are on to something that has much merit, so I would encourage you to keep charging forward. Good trades to you in the future.

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  • #115
  • Nov 10, 2013 7:56am Nov 10, 2013 7:56am
Easyrider .......... post #72 is outstanding & I agree with it all the way. Once I learned what is being shared here my gains started to show a nice increase. Thanks for sharing your views.
  • #116
  • Nov 12, 2013 11:06pm Nov 12, 2013 11:06pm
@alexx90

No activity since 6 Nov 2013. Please come to this thread and continue your fantastic work.
  • #117
  • Nov 13, 2013 6:48am Nov 13, 2013 6:48am
I find this thread interesting, and Alexx90's style of market perception appropriate for the current market conditions (current meaning a period of decreasing volatility which started a year ago). Regular trends are rare, a lot of swings where price goes one way and reverses in an hour or two. Trend trading is hard, a lot of people would agree. One reasonable thing is finding areas of support and resistance and playing for reversals in price direction (especially if there is no eco data to back up such movements). But this is not enough. You need recovery trades in case the price does breach a sup/res level -some people dislike averaging, but when done in a smart manner, it becomes a strength. To do recovery trades, you need to understand and approve one thing: you need to trade much smaller lots than you would normally, to have the ability to average into your trades.

It is paramount to trade with comfort, psychical comfort, so that if you are wrong one time, you still can go according to a plan in order to turn that “wrong” into right. Think about it. But remember, even if you do recovery trades, they need to go according to a plan, and you need to set a loss limit in case the price goes strongly against you and no recovery trades would work. My explanation is only what I’ve learnt from such traders as ForexCube (a great trader) here on FF, a Russian guy from myfxbook who’s made some spectacular returns only to blow them up (a too risky trader). ForexCube teaches how to trade (use a small portion of capital, be comfortable with what you are doing), the Russian guy shows where to trade (sup/res levels). As a result, you can expect steady profits, rather small cause at around a few percent a month, but still those are profits. There is no one way for everyone, you need to find your own way, suited to your capital, time, personality, risk tolerance. And always try to find universal methods, that work again and again, not those that are seasonal and that are good for a short time in certain market conditions.

I hope this thread stays alive
  • #118
  • Nov 13, 2013 7:24am Nov 13, 2013 7:24am
thexit ..... good post. I too hope Alexx90 rejoins his thread. Sometimes it only takes one or two naysayers to shut down a thread & this may be
what has happened. Time will tell. All the best to you & your trading.

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  • #119
  • Nov 13, 2013 7:58am Nov 13, 2013 7:58am
juisen, acetrader, thexit and other, I'm here but I'm working on some stuffs.
You can read this, hope it helps.
Attached File(s)
File Type: pdf Norges_Bank_Working_Paper_2011_10.pdf   844 KB | 870 downloads
  • #120
  • Nov 13, 2013 8:53am Nov 13, 2013 8:53am
Quoting Quidsey
Hi Alex, you seem to suggest that the retail trader is the number one target for banks, but as far as I know retail traders make up a very small percentage of market participants and an even smaller percentage of the market turnover. How does such a small target provide the liquidity the banks need in a $5 trillion a day market? Hope you had a great evening.

By the way, alexx90, how do we analyse the templates/ indicators ? thank yo.
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