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Attacking Currency Trends

  • #61
  • Oct 4, 2014 7:39am Oct 4, 2014 7:39am
There is VERY VERY Good material for who want study technical trading.


http://www.ifta.org/public/files/pub...llabus_New.pdf


https://www.ifta.org/certifications/financial/
Trading 24/h
  • #62
  • Oct 4, 2014 9:40am Oct 4, 2014 9:40am
Quoting FxAndres
There is VERY VERY Good material for who want study technical trading. http://www.ifta.org/public/files/pub...llabus_New.pdf https://www.ifta.org/certifications/financial/
Thanks for the gifts.
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #63
  • Oct 4, 2014 10:46am Oct 4, 2014 10:46am
Your trend trading is system is cute, as are all trend trading systems when the market trends. Your thoroughly-researched system doesn't seem to consider what will happen once consolidation comes. Here's a hint: you'll blow your account. You are not only overtrading, but you're trading lower TFs. Here's another hint: Attempting to filter consolidation and trade multiple times a day won't work. Backtest your system from 2013-2014 and see how it does for a start.

Trend trading is great, but learn it from people who have made millions/billions doing it, instead of some no-name guy who is trying to sell books. Here are some recommendations:

Ed Seykota
Richard Dennis
Michael Steinhardt
Michael Marcus

I suggest you figure out how to trade while you still have profits. They won't last once the market inevitably consolidates.

Notice how most people who trade aren't making great money? It's because they try doing what others tell them is a good idea. If someone told you that making a smartphone would make you a millionaire, you'd consider that that market is already saturated or difficult to find profits when beginning. Listening to some Finance Organization telling you how to trade is no different.
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #64
  • Oct 4, 2014 12:47pm Oct 4, 2014 12:47pm
Quoting FxAndres
6 STEPS WHAT WE HAVE TO COMPLETE FOR BE SUCCESS. SKILL OR APTITUDE PRACTICE, PRACTICE, PRACTICE KNOW YOUR RISK Rules for Risk I have two rules when it comes to risk for traders. The rules are this: 1. If the specific risk of a trade is not known, then don’t do the trade. 2. If the risk is too great, don’t do the trade. CREATE AND EXECUTE A PLAN CONTROL YOUR FEAR BE GREEDY ENOUGH Source: December-Attacking-Currency-Trends-Wiley-Tradin
I didn't bother to read other replies beyond this, because there is one element of truth right here, which will miss most eyes looking for the holy grail..
If the risk is too great, don’t do the trade
  • #65
  • Oct 4, 2014 3:23pm Oct 4, 2014 3:23pm
"A person who does not believe in politics or religion have much chance of making money in forex."

I agree totally. To have any chance of success trading, one must face reality as it is. Magical thinking (religion) and substituting
hope for logic (politics) have no place in a trading plan.
  • #66
  • Oct 4, 2014 3:25pm Oct 4, 2014 3:25pm
Quoting gravitist
"A person who does not believe in politics or religion have much chance of making money in forex." I agree totally. To have any chance of success trading, one must face reality as it is. Magical thinking (religion) and substituting hope for logic (politics) have no place in a trading plan.
You got what i mean. Nothing is about luck or magical things, its about REALITY.
Trading 24/h
  • #67
  • Oct 4, 2014 3:26pm Oct 4, 2014 3:26pm
Quoting SerenityFX
Your trend trading is system is cute, as are all trend trading systems when the market trends. Your thoroughly-researched system doesn't seem to consider what will happen once consolidation comes. Here's a hint: you'll blow your account. You are not only overtrading, but you're trading lower TFs. Here's another hint: Attempting to filter consolidation and trade multiple times a day won't work. Backtest your system from 2013-2014 and see how it does for a start. Trend trading is great, but learn it from people who have made millions/billions doing...
Is not my trading style , its just im sharing some good information for who dont know attack any trade
Trading 24/h
  • #68
  • Oct 4, 2014 4:48pm Oct 4, 2014 4:48pm
Quoting FxAndres
{quote} You got what i mean. Nothing is about luck or magical things, its about REALITY.
If that is what u re driving home, I agree 101%
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #69
  • Oct 4, 2014 9:22pm Oct 4, 2014 9:22pm
Simple Moving Average (SMA) Just add the prices for a specified period of time and divide by the number of prices in that period to get an average. Each price is given an equal weight. As each new price becomes available, the oldest price is dropped from the calculation.
Trading 24/h
  • #70
  • Oct 4, 2014 11:43pm Oct 4, 2014 11:43pm
Quoting FxAndres
Simple Moving Average (SMA) Just add the prices for a specified period of time and divide by the number of prices in that period to get an average. Each price is given an equal weight. As each new price becomes available, the oldest price is dropped from the calculation.
FXA.. congrats on your new way of trading. With this method.. it sounds so easy to trade. Just find ways to stay protected in the consolidating / sideways markets.. and you r good! All the best buddy...!
  • #71
  • Oct 5, 2014 1:37pm Oct 5, 2014 1:37pm
Im attaching some patterns wich can be very usefull for our trading.


http://www.chartpattern.com/understa..._patterns.html
Trading 24/h
  • #72
  • Oct 5, 2014 8:20pm Oct 5, 2014 8:20pm
Do you believe in religion or politicians?

Yes.

Am I religious?

No.

Do I believe religion is a universally-accepted set of beliefs?

No.

Do I believe politicians are useless, scum-of-the-earth human beings?

No.

Do I believe there are betters ways of seeing things, expressing things, and interacting with the world?

YES!
Please check out my blog at https://from-zero-to-hero . net
  • #73
  • Oct 6, 2014 5:34am Oct 6, 2014 5:34am
Do you believe in religion or politicians?

Only the name is different, they are pretty much the same thing.


Am I religious?

Im not a politician or self proclaimed Jesus. All organised right hand path religion is made up by politicians.


Do I believe religion is a universally-accepted set of beliefs?

There are no universally-accepted set of beliefs.


Do I believe politicians are useless, scum-of-the-earth human beings?

99% of them are. UKIP, Vaffanculo, Ron Paul and Jesse Ventura are not in those 99%, they are at least OK.


Do I believe there are betters ways of seeing things, expressing things, and interacting with the world?

Yes, otherwise i would blow my fucking brains out with a shotgun right now.
My signature is: "Classified".
  • #74
  • Last Post: Jul 20, 2015 2:28pm Jul 20, 2015 2:28pm
i prefer babypips, its less info but with much more value ... i read the book but its not that great after the babypips school
Perfecting your entry will increase your profits
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