Your trading evolution

Ever look back on your trading career and say, wow, I tried that???

Share your most bizarre trading beliefs here. Mine was WD Gann, whom I studied for nearly a decade before I learned how to trade.

Any more wild paths down the rabbit hole that you studied?

Hedging same pair, grids and FIBONACCI.

Lots of things, every possible indicator you can find, vsa, etc. But I can't say it wasn't useful. It was, on the path of learning. Now having only one MA on my chart and that's it.

Moving average and many lagging indicator before I drop indicator and focus into price data

every time I log in ..... most of the people in the forum are stuck on repeat

then there is also alot I dont see anymore as well

rabbit holes of understanding are pointless... right now 95% of people are trying to bend the spoon so to speak by focusing on the object of trading directly.... and about 5% realize that there is no spoon and its not the spoon that bends only themselves

my biggest evolution was realizing there was no spoon... think of the market as a flow of people walking by a store front and a setup as someone who walks into your store... some of those people may turn into buys some might look around a leave... but the ones as that purchase these are your initiated trades .. you dont know who they are right how much money they have or what their preferences are... who knows how much they will buy? no one.. some may buy an object of 5$ some a few worth 15$ then you got the big spenders maybe 45$ or 50$ then you got the whales who buy the grandfather clock in the back right corner for 2500$. but the bulk will be 5$ to 45$ and maybe 1% of purchases will big.... some of these guys will buy and try to return that shit and u dont want those losses to build up so you gotta put a 15 day return window on that stuff or your losses will mount.

but hey thats the cost of doing business... only after your open for business for a while will you realize when your optimal return window should be open... or the probability distribution of your sales.. no need to worry about it now tho...

who knows what the final ticket or reward will be so why not follow them with the cart and let them continue to shop.. theyll decide when they are done

a friend of mine owned a bar and had this killer whiskey on the shelf that whiskey sold like wild fire but there was no higher end version of the whiskey for sale .. i said hey i think your losing money.. he asked why the product had a great margin and sold well ... i said how may people you pile into that product want one of a higher caliber maybe you male 6$ a drink now but what if 33% purchased a whiskey that made you 10$ because it had an older age on the bottle. you would be missing money right?

anyways happytrading

Mine is not really bizarre, but I wasted a LOT of time on time based charts. The day I started using Renko and Rangebars EVERYTHING changed

I was very lucky. Second course was correct. anyone putting time and belief into renko gann fibs stochastics momentum trendlines i feel sorry for you. Its about volume in various forms, quality of volume (delta) sentiment and auction theory. (And knowing what algos/accumulation looks like, and tricks of exhausting price ie taking all the weak holders liquidity) Think about it logically. What information does fibs stocs etc that i mentioned tell you going forward?? Nothing. It tells you what happened. Um you want to presumably trade going forward?? But people still believe in them. Its sad. 61.8?? Lol my lord why would that mean anything? It doesnt BUT its a nice discount if used properly i guess but youll never have confidence or get leverage into your trade probably standing back 100 pips 'just to be safe'

One question for you about volume in FX. It is a decentralized market. Do you really trust your broker volume. If you do, then educate us on why we should trust ours.

Can you tell the forum how things changed for you?

Please elaborate.

I did that for awhile also. But what I did find is that using grids and hedging will make you money, but it is extremely inefficient.

yeah sometimes dreaming works... for a while !

Following well meant advice
Read every book
Code the Holy Grail
Trust every indicator
Scribe to every thread
Finding out that the big boys dug the rabbit hole

The best trader is between your ears and Price Action will take you out of the rabbit hole
(Trying to find the man who coined the words Price Action - what to ask him what it really really means)

I think it was Edwards and MaGhee back in the dark ages.

Renko and Rangebars takes away a lot of noise.

This is a good journey down memory lane ....
Lets see .. I spent many many many years trying to find a method or combination of indicators that would be able to take every opportunity the market has to offer and just make tons of pips.
I knew something had to work so did it as a hobby. Never succeeded ... obviously.
The light started to come on after someone said "STOP" .... read Trading the Zone ... the way you think is the key .... but I still continued to try and tweak to "make it better".
Eventually I realized that that simple is better and "accidentally" hit TMS while google-ing.
But even then I tried to tweak it to be able to catch every good move the market made ... very frustrating thing to do by the way ...
Then read Zone again and more light came on ... now things are starting to work better and better .... have learned a lot from Emm over the years and Tekkies also gave a few good tips.
It feels like building a puzzle ... the pieces fall into place one by one until it starts to make sense one day ...

Slapping every indicator I could think of on the chart and thinking that would be helpful because they’d give me a better signal confirmation. Now I barely use indicators.

Daily Pivot points, Camarilla levels etc. ............ Until I understood how to draw SR levels myself.

How long did it taken you to get to that level and how did you do it?

There is no need look at the lack of responses to that statement over exactly 1 year... the theory goes over most peoples heads... what I essentially said was stop worrying about proving that you are the smartest person in the room and focus on what makes money.. the sale... allow your winners to run and figure out how to capture them while limiting loses... stop caring so much about the entry.. Entry does not matter.. sure you need to understand where you are and have guts to pull the trigger but... no one really wants money the want to be king shit or Mr Meeseeks "Im mr meeseeks look at me!" no one realizes they are not actually trading the market they are trading unknown randomness to create statistical right tailed distributions...