trying one on swissy
- #30,743
- Nov 4, 2016 4:09am Nov 4, 2016 4:09am
- Joined Aug 2010 | Status: Trader | 1,282 Posts
buying uj pre nfp. Will close if it doesnt see enough + movement before announcement
- #30,745
- Nov 6, 2016 2:13pm Nov 6, 2016 2:13pm
- Joined May 2010 | Status: I'M NOT SIGNAL PROVIDER | 1,454 Posts
A little beginner trader since 2006
- #30,746
- Nov 7, 2016 6:28am Nov 7, 2016 6:28am
- Joined Aug 2010 | Status: Trader | 1,282 Posts
{quote} Same, with slightly different TP. Good RR always pays off in the long run.
. Im liking GJ shorts now on daily
{quote} hey yea my tp was just a generic one in case there was a decent spike
I'm trying to catch some pips on EU today. Looks like retracement time for me.
Control the risk
- #30,748
- Nov 7, 2016 8:38am Nov 7, 2016 8:38am
{quote} hey yea my tp was just a generic one in case there was a decent spike
Just a few minutes ago, I learned that RTM is now close. I was about to continue studying price reading in RTM. It is unfortunate that I can continue learning there. I shouldn't have taken it for granted while it was still open. Anyway, I am here now because I know most of the people in RTM also post here. So to the people at RTM- IF, Les_Paul, Pedini, Aaron (DT), and Salivan (probably the newest master) and others I may have forgotten to recognize, thank You for sharing the information. I honestly believe it takes a different kind of person to share that kind of information. Nice to know there are people like you guys. God bless 
.
I will now continue my education here...
.I will now continue my education here...
@pedrosa
Well, thanks for the encouragement. I have already looked into the first few pages of this thread and I honestly found it difficult to comprehend as I don't see the structure compared to that of RTM. I am sure RED is a great trader, but may not necessarily a great teacher. I do hope to be proven wrong as I read through the pages. Thanks again.
@juriFx
Hi juriFx, I remember your picture from RTM. Nice to see you here. Thanks for sharing the links man.
Well, thanks for the encouragement. I have already looked into the first few pages of this thread and I honestly found it difficult to comprehend as I don't see the structure compared to that of RTM. I am sure RED is a great trader, but may not necessarily a great teacher. I do hope to be proven wrong as I read through the pages. Thanks again.
@juriFx
Hi juriFx, I remember your picture from RTM. Nice to see you here. Thanks for sharing the links man.
- #30,759
- Edited 4:13am Jan 16, 2017 1:07am | Edited 4:13am
@pedrosa Well, thanks for the encouragement. I have already looked into the first few pages of this thread and I honestly found it difficult to comprehend as I don't see the structure compared to that of RTM. I am sure RED is a great trader, but may not necessarily a great teacher. I do hope to be proven wrong as I read through the pages. Thanks again.
Its not gonna be a few page easy ride, you got to put hours after hours, but every minute will worth. Nothing comes easy.
Its not easy because he didn't came here to teach and earn from it, he just shared what he knew, through each and every post, he gave it all for free and followed one strong concept, sharing is caring.
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- #30,760
- Edited 11:53am Jan 16, 2017 5:41am | Edited 11:53am
- Joined May 2012 | Status: ... | 1,925 Posts
@pedrosa Well, thanks for the encouragement. I have already looked into the first few pages of this thread and I honestly found it difficult to comprehend as I don't see the structure compared to that of RTM. I am sure RED is a great trader, but may not necessarily a great teacher. I do hope to be proven wrong as I read through the pages. Thanks again.
red mentions Sam Seiden in some of his posts and it appears he saw exactly the same stuff as Seiden but with a twist. And one of those twists is all about trading the reverse whipsawing PA after price has touched a pre-determined level. This is something I never heard Seiden talk about during his free webinars, but upon further consideration not factoring this type of PA into my own trading seemed to be the main reason I just couldn't get his touch-trade methodology to work.
The first charts I saw that clearly filled in a large part of the mystery were red's. His reverse whipsawing clue is the most straightforward I've ever read and it's never been matched. Even if, however, we were to view it as a huge helping hand, we're still left with quite a bit of work to do, which is not necessarily a bad thing.
Regarding the trader's path, I've noticed along the way that traders fall broadly into two categories:
1. Those seeking a method to trade
2. Those seeking to understand how price moves in order that they can build their own trading method
I'm not suggesting that people in the first category won't ever make consistently profitable traders. Perhaps it can be done; I don't know. But it's my firm belief that adopting other people's techniques and particularly their vernacular will never result in the same understanding gained by developing one's own technique and vernacular.
Actually, to decide on which way to go is to stand at the crossroads where "teachers" and "teaching" meet the kind of stuff red was doing. Personally, I think the answer lies somewhere in between these turnings. There's no quick and easy fix but my suggestion to anyone navigating their way along that particular part of the journey is to always keep in touch with the inner voice because this is often where we'll find the best advice of all.