LFX Trading Proverbs
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Thread: LFX Trading Proverbs

  1. #1
    Welcome to my thread. I decided I should create my own thread, because like my Forex company, I LOVE not being responsible. I LOVE with no employees, no boss, no customers, no earnings, and no hidden agenda!!!! Totally awesome!!

    They state there is more than 1 way to be successful in Forex, but in all of my experience, MY way is the only way I've found constant. Yes, I have tried this, tried this, and advanced myself from system to system. Over time I found things that work and items which don't function. For me, that don't work always, or once I ceased being obstinate and eliminated the things which don't function, then I started finding peace. No, not profit yet, but peace. The demo was beginning to do the job. As I added more things that I knew worked, I was able to increase my consistency.

    No profit though. Why? I'm a man. I've an requirement to show off to my particular lady A strong need. Napoleon Hill (Think and Grow Rich), as well as the Bible, tells us that without LOVE, we're nothing. For company, the emotion of love is vital for desire and imagination. Without my particular woman's love. . .there aren't any profits. It is as simple as that. Until this love bothers you Forex stays a puzzle, only a board game, and it can be conquered by you, but you will never make real money.

    People who discover they locate themselves anxious, or emotional when they trade, might not have love in their life. It is not just my hypothesis. Think and Grow Rich, that book I told you about, proves as it was a frequent trait for over 500 of the richest men in America from the early 1900's, love is an integral ingredient. Ever heard the expression gt; Behind every good man is a lady that is good? and vice versa. Want to be Prosperous in Forex? Fall in love with a person!!

    Yes, it is 1 thing to develop the mathematics, but an entirely different issue to use it in order to make money. That is why you might have noticed that two people can trade the specific same method and have two entirely different results. Emotions

    I heard a story the other day that I had never heard before and I love it. A boy got a new bat and ball for his birthday. He began speaking to himself and went outside. He said, I'm the best hitter in the world. He threw the ball from the air, swung at it, and missed. He picked up the ball and informed himself, I'm the best hitter in the world. He pitched the ball in the air and now he swung and overlooked. He picked up the ball again and informed himself again...I'm the best hitter in the world. He pitched the ball from the air and this time that he missed again. He picked the ball up and looked at it for a minute and then he said to himself...I'm the best pitcher in the world!!

    Hit the ball pitch the ball. . .it does not matter. Simply play with the game!! Welcome

  2. #2
    I think a lot about trading. It is habitual from the many hours a day that I spend trading. I thought of another method to try to describe why I trade differently than the majority of traders.

    If you understand anything about American Soccer, then you are aware each team has to advance the ball at least 10 yards in 4 tries. Each time they do, they receive a new 4 efforts, or reverses. If they're near the goal posts they could kick the soccer . They have to get to the end of the field and score a touchdown for 6 factors.

    Imagine you go to find a game. You keep track of the play happens. Team A makes 3 downs gets the ball and has to kick it off. Team B then advances close enough to score a field goal in seven reverses. Team A ends up a field goal and then has the ball . Team B then has the ball and scores a touchdown. Team A then has the ball and kicks it off. Team B then scores a touchdown in 3 reverses. Get the point? Unpredictable. There is no way to understand how far the ball can advance according to their field position.

    Now it's the next week and you're going to another match. You've got a record of exactly what happened. Are you going to wager exactly the actions happen ? Same downs? Same score?

    Yet, you do not have a problem with connecting previous trades together and supposing that since price ceased at a specific stage last week, then it will end there again . That's the fallacy of support/resistance. You don't have any idea if Team A will go 3 reverses and kick, or 11 reverses and score, however, unexpectedly, on a trading chart, you understand what will occur.

    Not wanting to insult anyone. That is just how I see that trading fashion. I do not think it's a method. It is my view based on history not repeating itself. The titles of these traders, the number of lots, and the factors for entry/exit have changed since the transaction. It is not the trade, so why can it do exactly the same thing?

    I measure the difference between the buyers and the sellers. To me, it makes sense to follow them. I do this. I measure short term buyers/sellers against long-term buyers/sellers. Whichever side of this equation has more, I combine. I combine after they equalize so I can acquire the maximum space between the entry and the exit.

    I hope this helps clarify my thought process better. All the Best.

  3. #3
    Quote Originally Posted by ;
    I think a lot about trading. It is habitual in the many hours every day I spend trading. Another day I thought to attempt and explain why I trade differently than most other traders. If you know anything about American Football, then you are aware each team has to advance the ball at least 10 yards in 4 attempts. Every time they do, they receive a new 4 efforts, or reverses. If they are near the goal posts they could kick at the football . Otherwise, they must reach the end of the field and score a touchdown for 6 factors....
    Good explanation. I haven't read a lot of your job to understand the way you quantify durations of buyers sellers against each other but that's fine. If it works for you and you've got reasoning than I'm happy to wish you all the best. For me I've got my methods that work fine (still fine tuning) and match my timeframes. One remark in my style is I do not expect price to do exactly the same thing at support and resistance. There is an increased probability that it will respond there, however, the response may come before, on or become a breakout. I use other methods to judge amount and direction I wish to begin a trade and have a little entrance before a S/R lineup, but do not use intend and stops to input more if there is a breakout.

  4. #4
    Quote Originally Posted by ;
    quote Great Excuse. I have not read a lot of your job to comprehend the way you measure different durations of buyers sellers against each other but that's okay. If it works for you and you've got reasoning than I am pleased to wish you all the best. For me personally I've got my methods that work okay (still good tuning) and suit my timeframes. 1 comment from my style is I don't expect price to do the same thing in support and resistance. There's an increased probability it is going to react there, however, the response may come before, on or be a.. .
    Maintain an open mind. I like to think about the market as a river that is moving. You may also go to coast, although the river bends. Many options on management. Maintain your egy of not expecting price to perform anything. Use probability rather than predictability. All the Best.

  5. #5
    What is probability? The simplicity of trading is complied when abandoned.

    A candle is a pictorial view of this gap between buyers and sellers over a particular time period. By candles, you produce a sample size, which improves your ability to see what way the market is going to go.

    This grouping can be quantified by mode, median, and mean.

    The manner is widespread when support/resistance traders fulfill a line. The buyers and sellers are less or more . Many attempt though, but using a sample size that has no winner that is predominant, it feels to me like more of a guess. These mode areas occur if mean, median, and the mode are close in value to one another and look as consolidation; a place where price action generally flattens sideways.

    If you would like to tackle a football player, you ought to keep track of the hips. If you want to protect a basketball player, you ought to keep track of the hips. A person can pretend you with your own eyes, head, hands, arms, feet, and legs, but the hips go, so goes the person.

    In trading, the hips would be the median. After the median crosses the mean, it indies a potential reverse in management. It is that easy. You're able to complie it but if you keep that easy idea on your egy, you are using chance.

  6. #6
    In an attempt to prevent conflict I've come to my place to give remarks about two issues I have seen being discussed in FF.

    1. Random markets.
    Since every new trade is constituted of new traders, with new titles, new lot sizes, and new reasons, it simply makes sense that the market moves . That does not mean patterns don't exist.
    Automobiles enter the road whenever, wherever, and in a variety of quantities. It is completely random. But. . .we can restrain the randomness with a traffic light.

    2. Zero sum profit.
    There are lots of ways to trade and lots of different things on the market. Most likely you are a retail trader, so once you enter you own a spread or commission payable contrary to your position, putting you in a direct reduction. That would make it a negative sum profit for you. When I used to exchange stock options it cost me $12.95 to enter trade and $12.95 to exit a trade, and whatever the spread was. Forex was attractive because not only can I make more money in shorter periods, but I could eliminate the absurd fees.

  7. #7
    MERRY CHRISTMAS AND HAPPY NEW YEAR!!

    Inserted Video

  8. #8
    Merry Christmas and happy new year for you and the ones that you care.

    (:

  9. #9
    Hi DKrock,
    Just wanted to express my appreciation for all of the info you have kindly shared. It opened eyes to look at the market otherwise.
    Thanks

  10. #10
    Quote Originally Posted by ;
    Hi DKrock, Just wanted to express my gratitude for all the information you have kindly shared. It#8217;s opened eyes to examine the market differently. Thanks again
    You're welcome. Thanks for viewing. I utilize business analytics that are general to find trades. Fundamental supply/demand dimensions. I then use this to project apexes and search for the balance between them. Best of Luck.

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