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The Club!

  • #16,461
  • Nov 24, 2014 3:25am Nov 24, 2014 3:25am
Hi friends,

our valued member Forexcube has dug out some reallly interesting postings and published them in his thread.


It is about the question, if Forex is a random walk

http://www.forexfactory.com/showthre...45#post7888245


and the second is about the question, why so many novice traders fail

http://www.forexfactory.com/showthre...71#post7888271
  • #16,462
  • Nov 25, 2014 1:14am Nov 25, 2014 1:14am
That is huge:

CNN’s Amanpour show edits out criticism by visiting RT host
  • #16,463
  • Nov 27, 2014 11:17am Nov 27, 2014 11:17am
Quoting infinitus
That is huge: CNN’s Amanpour show edits out criticism by visiting RT host
have you seen this paper? be informed then.

Good reading.

Best,
D.P.
Attached File(s)
File Type: pdf Bozdog_Rare_Events_Analysis_of_High-Frequency_Equity_Data.pdf   771 KB | 415 downloads
Hunting High and Low
  • #16,464
  • Nov 27, 2014 11:24am Nov 27, 2014 11:24am
Hello guys i am newbie here.I saw all of your posts. i would like to thank you for the great information. I am very interested in forex trades work. I recently started so any suggestion of safe trade is of great help.
  • #16,465
  • Nov 27, 2014 11:33am Nov 27, 2014 11:33am
Quoting infinitus
Hi friends, our valued member Forexcube has dug out some reallly interesting postings and published them in his thread. It is about the question, if Forex is a random walk http://www.forexfactory.com/showthre...45#post7888245 and the second is about the question, why so many novice traders fail http://www.forexfactory.com/showthre...71#post7888271
Thank you for your kindly words, infinitus!
I miss Schickerias' comments. Do you know "in which catacomb he's falling in"?
Could we help him somehow?
FXcube
  • #16,466
  • Nov 27, 2014 1:20pm Nov 27, 2014 1:20pm
Quoting Forexcube
{quote} Thank you for your kindly words, infinitus! I miss Schickerias' comments. Do you know "in which catacomb he's falling in"? Could we help him somehow? FXcube

Hi FxCube, hi all,


sorry for being a bit silent at the moment. Am a bit busy with my work at the moment. Have 3 ugly weeks to go


Do not know where Schickeria is. Maybe in the Netherlands looking how to do farming, maybe in bella Croatia, maybe at home getting a spanking by his wife

Maybe he is buying a brewery, or learning how to brew
  • #16,467
  • Nov 27, 2014 1:21pm Nov 27, 2014 1:21pm
Quoting Dr.Phoenix
{quote} have you seen this paper? be informed then. Good reading. Best, D.P. {image}

Thank you D.P.,

already read
  • #16,468
  • Nov 27, 2014 1:29pm Nov 27, 2014 1:29pm
Quoting Ivana23
Hello guys i am newbie here.I saw all of your posts. i would like to thank you for the great information. I am very interested in forex trades work. I recently started so any suggestion of safe trade is of great help.

Hi Ivana,


welcome on board of the ship of fools


Do not know where to start.....


First I wish you great success on your endavour. It is not a get rich quick scheme, I can promise.



If you want to start with the right things, firstly forget about every indicator for a while. You can later add some.

First learn everything about supply and demand (or support and resistance)

and if you ask me, try to learn Elliott Wave analysis.



But start with supply and demand
  • #16,469
  • Nov 27, 2014 1:33pm Nov 27, 2014 1:33pm
Quoting Ivana23
Hello guys i am newbie here.I saw all of your posts. i would like to thank you for the great information. I am very interested in forex trades work. I recently started so any suggestion of safe trade is of great help.
Read everything you see for 1-2 years at least and do not even think of trading for real untill you can realize what is happening in the market.

Best,
D.P.
Hunting High and Low
  • #16,470
  • Nov 27, 2014 2:44pm Nov 27, 2014 2:44pm
Quoting infinitus
{quote} Hi Ivana, welcome on board of the ship of fools Do not know where to start..... First I wish you great success on your endavour. It is not a get rich quick scheme, I can promise. If you want to start with the right things, firstly forget about every indicator for a while. You can later add some. First learn everything about supply and demand (or support and resistance) and if you ask me, try to learn Elliott Wave analysis. But start with supply and demand
Really nice to see how you respond to newbie's request, as you did to mine once! Been hanging on here since then!

Yes listen to the advice, it is definitely going to help you. Read a few books if you can in your free time. You will find many good Samaritan's as well as here, so keep you eyes and ears open and don't just follow anyone unless you know yourself what you are doing. I would add here a book that was given to me by a good fellow around here, see if that helps.

PS Add: Infi if there is a good book on Supply and Demand that you don't mind sharing, would be great!
Attached File(s)
File Type: pdf psycho.pdf   224 KB | 370 downloads
  • #16,471
  • Nov 27, 2014 3:44pm Nov 27, 2014 3:44pm
Quoting workingforex
{quote} Really nice to see how you respond to newbie's request, as you did to mine once! Been hanging on here since then! Yes listen to the advice, it is definitely going to help you. Read a few books if you can in your free time. You will find many good Samaritan's as well as here, so keep you eyes and ears open and don't just follow anyone unless you know yourself what you are doing. I would add here a book that was given to me by a good fellow around here, see if that helps. PS Add: Infi if there is a good book on Supply and Demand...

I have not one single book about supply and demand - I just noticed it LOL

I found the material at

http://www.learntotradethemarket.com/ (Nial Fuller)

and

http://www.tradingacademy.com/resources/ (Sam Seiden)
http://www.fxstreet.com/search/contr...1-e9bf77216d2f


very informative.


I do like the Sam Seidens logic more, because it does fit perfectly with my volume analysis views.


I think there can be found a wealth of information from both on the Internet. Also look for youtube videos
  • #16,472
  • Nov 27, 2014 3:55pm Nov 27, 2014 3:55pm
Quoting infinitus
{quote} I have not one single book about supply and demand - I just noticed it LOL I found the material at http://www.learntotradethemarket.com/ (Nial Fuller) and http://www.tradingacademy.com/resources/ (Sam Seiden) http://www.fxstreet.com/search/contr...1-e9bf77216d2f very informative. I do like the Sam Seidens logic more, because it does fit perfectly with my volume analysis views. I think there can be found a wealth of information from both on the Internet. Also...

Sam Seiden on Supply and Demand
Attached File(s)
File Type: pdf sam_seiden_back_to_the_laws_of_supply_and_demand.pdf   1.9 MB | 1,399 downloads
  • #16,473
  • Nov 27, 2014 4:34pm Nov 27, 2014 4:34pm
Quoting infinitus
{quote} I have not one single book about supply and demand - I just noticed it LOL I found the material at http://www.learntotradethemarket.com/ (Nial Fuller) and http://www.tradingacademy.com/resources/ (Sam Seiden) http://www.fxstreet.com/search/contr...1-e9bf77216d2f very informative. I do like the Sam Seidens logic more, because it does fit perfectly with my volume analysis views. I think there can be found a wealth of information from both on the Internet. Also...


but keep in mind:



there is absolutely no need to buy any courses


don't do it - it hardly pays
  • #16,474
  • Nov 27, 2014 4:47pm Nov 27, 2014 4:47pm
hello inf,, I have a doubt ... when the wave 5 ends .. we have ABC.
the question is ... B can be( HH or LL depending on the trend up or down) than wave 5?


ex: imagine that wave 5 ends in 2357 ... B may be some time in 2322?
thank you
  • #16,475
  • Nov 27, 2014 5:18pm Nov 27, 2014 5:18pm
Hello all!

I am relatively new here...been reading a lot and not really saying anything yet. First, I appreciate that info here and am glad that there is a community with which I can discuss ideas involving trading because my wife and friends could care less about it. Second, I agree that supply and demand rule. I attended Sam Seiden's school OTA and am paying dearly for the info, but I find it to be invaluable. Elliot wave theory is also great. The only indi I currently use is a 10 period EMA and sometimes I also use the 20 period EMA. I have been practicing scalping and short term swing trading with some success thus far.
  • #16,476
  • Nov 27, 2014 5:41pm Nov 27, 2014 5:41pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting infinitus
{quote} but keep in mind: there is absolutely no need to buy any courses don't do it - it hardly pays
I also advocate no need to purchase materials or courses or systems of any kind. There is Moooooore than enough free info out there to keep you busy.

However I did want to mention early in my trading journey I paid for Nial Fullers Price Action system at learn to trade the market. At the time I was a sponge & I really feel Nial's methods & teachings put me on the right path to understanding price action.
  • #16,477
  • Nov 27, 2014 6:29pm Nov 27, 2014 6:29pm
Quoting chess king
hello inf,, I have a doubt ... when the wave 5 ends .. we have ABC. the question is ... B can be( HH or LL depending on the trend up or down) than wave 5? ex: imagine that wave 5 ends in 2357 ... B may be some time in 2322? thank you


Hi CK,

do not exactly know of what count you are talking. Can you show a picture or link to one of mine or others count?


Keep in mind:

maybe the recent wave 5 develops as ending diagonal. Unlike an imbulse, which is 5-3-5-3-5, an ending diagonal is 3-3-3-3-3

so the wave 5 of 5 or better the wave 5 of an ending diagonal is an ABC



regarding the B-wave:


in a zigzag (5-3-5), the B-wave does not go beyond the starting point of the wave A

in a flat (3-3-5), the B-wave can go below the starting point of the wave A. In this case we are speaking of an expanded flat. Most of the time the B-wave of a flat does not exceed 138% of wave A.


Does that answer your questions?
  • #16,478
  • Nov 27, 2014 6:36pm Nov 27, 2014 6:36pm
Quoting glassblower
Hello all! I am relatively new here...been reading a lot and not really saying anything yet. First, I appreciate that info here and am glad that there is a community with which I can discuss ideas involving trading because my wife and friends could care less about it. Second, I agree that supply and demand rule. I attended Sam Seiden's school OTA and am paying dearly for the info, but I find it to be invaluable. Elliot wave theory is also great. The only indi I currently use is a 10 period EMA and sometimes I also use the 20 period EMA. I have been...

Hi Glassblower,


nice to hear that.

My impression with scalping:


I think, that the very small swings are more easy to "predict" than the longer ones. I think on the tick chart, or e.g 10-second chart we have far more pure S/D in action, whereas on the higher TF other factors like exogenous shocks (news etc) does often "disturb".


But one have to keep in mind, that scalping or small-swing-trading does not only need the ability to draw decisions very quickly, but it is also very time consuming.


Most of my money I do earn now with the longer term swings......
  • #16,479
  • Nov 27, 2014 6:38pm Nov 27, 2014 6:38pm
Quoting eggs
{quote} I also advocate no need to purchase materials or courses or systems of any kind. There is Moooooore than enough free info out there to keep you busy. However I did want to mention early in my trading journey I paid for Nial Fullers Price Action system at learn to trade the market. At the time I was a sponge & I really feel Nial's methods & teachings put me on the right path to understanding price action.



sometimes it is really not so bad to take some courses - one may avoid some faults one otherwise may have done. At least, a good course may save some time
  • #16,480
  • Nov 28, 2014 12:48pm Nov 28, 2014 12:48pm
Quoting Grigoriy
{quote} at the start... targets in the stratosphere ) {
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targets in the stratosphere)))))))))))))))
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