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TRD

  • #2,841
  • May 31, 2016 6:07am May 31, 2016 6:07am
Quoting TheRealDeal
Quoting stevepatt {quote} A lot depends on your motivation, if it's to make a lot of money you are doomed to fail but if you are motivated because you want to become as good a Trader as you possibly can be you will succeed. That's a great statement - and IMHO very true {quote} Yes, very well said. Focus on the process, not on the money. Just two things: Entry and Exit
Entry and Exit
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"What would you attempt to do, if you knew your success was a certainty?"
  • #2,842
  • May 31, 2016 11:36am May 31, 2016 11:36am
TRD and Fxentropy where have you guys been)
Welcome back to home
  • #2,843
  • May 31, 2016 12:19pm May 31, 2016 12:19pm
Quoting Fxentropy
{quote} Entry and Exit {image}
Welcome back to your Forum Guys!!
  • #2,844
  • Edited 2:55am Jun 1, 2016 2:16am | Edited 2:55am
Forums are just distraction from your selfdevelopment. As soon as you get it, will change you as a trader for good.
The only way is to remove the noise.

Edit: lets be honest. most of the people here trade micro and mini lots. They are hiding their size because they are embarrassed to share their little size, not because they trade big LOL. Large traders are very busy. They improve, develop and test all the time. They backtest, forward test and trade different strategies or variation of their own strategy. So they don't have time in forums to explain how they trade.
Luckily few of them have EGO problems, so they come and brag and sometimes they leave some clues. But to most these clues doesn't mean shit. Only few may understand these clues and make use of them.

Nobody who is making serious money will come here and explain exactly how he trades. All the threads on FF talk just about tools, you can use to improve your method. So once you have a profitable strategy you can try to use some tools and see if they are compatible with it. But first and the biggest step you have to do on your own.

And trust me, there is only one way to skin the cat

TRD
  • #2,845
  • Jun 1, 2016 3:10am Jun 1, 2016 3:10am
Quoting TheRealDeal
Forums are just distraction from your selfdevelopment. As soon as you get it, will change you as a trader for good. The only way is to remove the noise. Edit: lets be honest. most of the people here trade micro and mini lots. They are hiding their size because they are embarrassed to share their little size, not because they trade big LOL. Large traders are very busy. They improve, develop and test all the time. They backtest, forward test and trade different strategies or variation of their own strategy. So they don't have time in forums to explain...
Agreed. But for novice traders or learners who really need some clues/tools will have come here anyway. For me this forum gives me lot of tools and insights which helps me to look the charts correctly. Thanks to TRD and Stevepatt.

No use of running fast in wrong way . You need to know the right path first
  • #2,846
  • Jun 1, 2016 4:12am Jun 1, 2016 4:12am
Quoting ramkirshnava
{quote} For me this forum gives me lot of tools and insights which helps me to look the charts correctly.
In hindsight or forward live trading?
  • #2,847
  • Jun 1, 2016 4:29am Jun 1, 2016 4:29am
Quoting TheRealDeal
And trust me, there is only one way to skin the cat TRD
These days I mostly agree with that - I've looked at lots of things, lots of tools, ideas, set-ups etc (although not indicators) but when you look closely they're all looking to identify where the major players are in the market. I'm still trading very small - enough for me to care but not enough to do myself financial damage (unless one counts lost time - it's not lost I'm learning). I think trading small makes far more sense than using demo accounts - those I think are designed to encourage careless behaviour.

I still read some stuff on here, follow a few people on here - but its easy to get lost in the opinions rather than following one's own beliefs, thoughts, insights.
  • #2,848
  • Jun 1, 2016 8:21am Jun 1, 2016 8:21am
Quoting TheRealDeal
{quote} In hindsight or forward live trading?

I'm trying to use the knowledge I gathered here in my forward live trading.
  • #2,849
  • Jun 1, 2016 9:42am Jun 1, 2016 9:42am
My favorite setup, risk 3 to get 21
Think of how many got screwed on that big news candle
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In the end its just a stupid numbers game
  • #2,850
  • Jun 1, 2016 2:16pm Jun 1, 2016 2:16pm
Quoting ramkirshnava
{quote} Agreed. But for novice traders or learners who really need some clues/tools will have come here anyway. For me this forum gives me lot of tools and insights which helps me to look the charts correctly. Thanks to TRD and Stevepatt. No use of running fast in wrong way . You need to know the right path first
if i may id like to.pick up.on your comment.....it is.meant as a positive.and not a critic.yes you.need to.know the right path....when school.children are in class to.learn anything the teacher stands there and explains and.shows.you what to do and how to do.it.They dont just give you the topic and say...work it out.i.really.see the value and importance of this method but.!!!! I cannot just read a posting of.a picture and try.to.understand it.where is the teacher here?????
  • #2,851
  • Jun 1, 2016 2:50pm Jun 1, 2016 2:50pm
Quoting devontrader
{quote} if i may id like to.pick up.on your comment.....it is.meant as a positive.and not a critic.yes you.need to.know the right path....when school.children are in class to.learn anything the teacher stands there and explains and.shows.you what to do and how to do.it.They dont just give you the topic and say...work it out.i.really.see the value and importance of this method but.!!!! I cannot just read a posting of.a picture and try.to.understand it.where is the teacher here?????
There are lot of educational posts as well. Here are the few links I have taken and recently all the Stevepatts charts are education posts.
Yes, this is very difficult to understand but when we go though those repeatly, it started making sense.
http://www.forexfactory.com/showthre...84#post8550784
http://www.forexfactory.com/showthre...56#post8550856
http://www.forexfactory.com/showthre...04#post8553804
http://www.forexfactory.com/showthre...30#post8554430

And we cant expect them to explain all those in details due to their time factor. As TRD mentioned, they will be busy in improving their set ups/works further.
Few things we have to admit it. Even paid educators(Unfortunately most of them are scammers) are not ready to put their time to teach us, we are not supposed to expect the people here to give all the details.
Its really great, that they spend our time for us to give a clue about the system and tool they using and the output. This gives us a confidence that if we do our home work in charts we can definitely make it.
  • #2,852
  • Jun 1, 2016 3:14pm Jun 1, 2016 3:14pm
Im all for skype cos if it helps make it easier to understand im all for it
  • #2,853
  • Jun 6, 2016 5:56am Jun 6, 2016 5:56am
Quoting TheRealDeal
LTF is not noise. It gives you important information of what is happening in the market right now. Before a run in either direction, market sets up. If you look closely you will identify accumulation of orders, price stalls, price spikes into liquidity pools etc. Only this gives you enough clues to enter on same TF and run your trade for a 1:1 or 1:2 or 1:3 at least. You could even set to BE. If you have additional bias like HTF, you can let it run for longer time depending on the HTF setup and other factors. You could trade same way on HTF. It...
great insights!
yours,
shunfeng
The candle pattern is the signal, the inevitability behind it is the key.
  • #2,854
  • Jun 7, 2016 2:46am Jun 7, 2016 2:46am
Watch to find out, what you are doing wrong in trading:
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  • #2,855
  • Jun 8, 2016 12:24am Jun 8, 2016 12:24am
Still learning, trying, anticipating
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  • #2,856
  • Jun 8, 2016 1:03am Jun 8, 2016 1:03am
Quoting alsu
Still learning, trying, anticipating {image} {image}

Hi Alsu;

Keep posting your setups, Trading is all about repetition find what works for you and keep repeating it over and over again.

One of the most important aspects, of Trading, is being able to define and recognise what constitutes a Trade setup for us and it must be personal to you.

That sounds obvious but it took me a long time to be able to do this in a consistent way.
  • #2,857
  • Jun 8, 2016 4:37am Jun 8, 2016 4:37am
was hard for waitng
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  • #2,858
  • Jun 8, 2016 5:26am Jun 8, 2016 5:26am
Quoting stevepatt
{quote} Hi Alsu; Keep posting your setups, Trading is all about repetition find what works for you and keep repeating it over and over again. One of the most important aspects, of Trading, is being able to define and recognise what constitutes a Trade setup for us and it must be personal to you. That sounds obvious but it took me a long time to be able to do this in a consistent way.
thank you for your advice steve ​
  • #2,859
  • Jun 8, 2016 5:26am Jun 8, 2016 5:26am
Quoting alsu
was hard for waitng {image}
Hi Alsu,

About your second entry, I think this video referred by Steve here (http://www.forexfactory.com/showthre...64#post8937064) could be of help.
We become what we think about
  • #2,860
  • Jun 8, 2016 7:11am Jun 8, 2016 7:11am
trying, doing
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