NOT The Conventional Type! Journal Of My Stubborn Trading Life...
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Thread: NOT The Conventional Type! Journal Of My Stubborn Trading Life...

  1. #1
    LOL, I love putting myself in front of fire, feel free to shoot constructive advices and critical analysis...

    Therefore, let us start...

    1) I DID NOT READ BABY PIPS AT ALL : I hate wasting time studying... let us learn through experience, let us lose as much cash as possible before I began thinking differently (i.e. investing my time studying infant pips)

    two ) I HAVE just a FEW MONTHS MONTHS EXPERIENCE : I started to hear about what is forex since 19th January 2012 (2 weeks 7 days). I've lost over $2000 ($2836.04 to be precise ) since I started, I would like to see how much more I will lose before feeling the pinch. I've already put aside money I am ready to lose. Losing it by myself and NOT losing it to somebody else via a course or seminar, etc..

    3) I AM AN OPPORTUNIST: I shall grab it as quickly and as much as possible the opportunity that I get it. I do NOT believe in using the DEMO account. I will get real angry at myself when I had a winning trade and it was on a demo account. I'll pull my hair outta my head! LOL

    4) I LIKE THE EASIER WAY: Look at the display for hours, days, etc? I've lots of other items to do, badly I have a life, I've housework such as laundry, crossing my room, cleaning the toilet, etc. , and I love my family, I wish to spend as much time together, and irritate my nieces. I love them much...

    Summary: I think that the above is a recipe into a disastrous trading existence!

    1) I lack patience...
    two ) I want money to work for me...
    3) I want items on a silver platter...

    Please wish me luck.
    Why I made this?
    To inform you that a person such as me exist, watch out for us...

  2. #2
    Quote Originally Posted by ;
    this will definitely tank see!



    Right this will tank too



    this also will tank


    this also could tank
    what exactly does tank signifies? I'm not out of where ur from...

  3. #3
    Thanks so much for your remarks.

    Will need to re-read.

  4. #4
    Quote Originally Posted by ;
    I'm on the path myself.

    Overall, I'm not sure whether you're trying to break the mold of the typical trader coaching,
    or working on to get beyond internal resistances to follow such a route which you believe is fine.

    Stock advice --

    You wont EVER feel the'pinch' till you eliminate everything, borrow and lose it, and start trading pennies because that's all you've got.
    Rather, try demo simulator. Demo does feel like a waste, and simulator only takes an hour or two a day...
    I'm glad you are here to join me in the path. Hopefully it's the right path

    I was trying to inform the world that there are folks like me. Normally advanced and senior associates will tell us to perform the drill. To stare at the screens until they pop . To do our homework. MORE EXACTLY, to go through what they did. And that kinda pissed me off.

    It is all legal to ask us to do those things but my point here is that, after years of expertise, CAN'T you summarize it to a few minutes of tutorial, how gist of the whole matter? Let me put a knife on your neck and inform you that you got only 2 hours to teach me everything you understand about forex. I hope that will help you get the point. I mean, are mature and advanced traders rather incompetent in that feeling. I'm not here to condemn or offend anyone. I'm here to question you.

    -end of part 1-

    Borrow? That's out of the question. I'd rather work 9-5pm to save or even kill myself until start borrowing others.

    Thanks for your tips. I appreciate them. Take care.

  5. #5
    Quote Originally Posted by ;
    It's all legitimate to ask us to do all those things but my point here is that, after years of expertise, CAN'T you summarize it to a couple of minutes of tutorial, gist of the whole thing? Allow me to put a knife in your neck and inform you that you got only 2 hours to teach me all you understand about forex. I hope that helps you get the point. I mean, are senior and advanced traders kinda incompetent in that feeling. I'm not here to condemn or offend anyone. I'm here to question you.
    Thats actually a fantastic question.
    I figure you can summarize it in less then 2 hours, but the problem is that you will need to internalize those fundamentals to have the ability to trade on your own. That comes by means of practice.
    Its like any other skill on the market, can it be driving a car, playing chess, swimming... it could be outlined very fast but requires time to acquire good at.
    And forex trading is a little more difficult to summarize then many abilities outside here

  6. #6
    Quote Originally Posted by ;
    I am glad you are here to join me in the path. Hopefully it is the right path

    I was hoping to tell the world there are people like me. Normally advanced and senior members will tell us to do the drill. To stare at the displays until they pop . To do our assignments. MORE EXACTLY, to go through what they did. And kinda pissed me off.

    It is all legal to ask us to do all those things but my purpose here is that, after years of experience, CAN'T you summarize it to a couple of minutes of tutorial, how gist of the whole thing? ...
    Congrats on your healthy attitude toward borrowing money. I hope you keep it the rest of your days.

    On the learning material for trading being much:
    Well, you could learn how to skim,
    test the inherent concept of every group of conventional materials on charts yourself and then refuse needing to learn in-depth what you logically ignore as unsuitable for the way you're capable of narrowing down risk and raising reward,
    and/or go over news/charts yourself while doing other things before you feel comfortable interpreting them to get a tradeable projection.


    As for anforexforum.co.zamember or other (prospective ) trader justifying their presence, the remainder of this post:


    five or four new chart patterns, depth of experience in one or two chart drawing devices, and advanced, continuing work on trading plogy --
    That is about all I need to offer.

    Lots of contributing members here have done something comparable, albeit with much more trading achievement and thus higher credentials about what they have provided.

    Everyone assembles on the shoulders of giants, too, and nowadays their job in chart drawing and indiors and fundamentals, order flow, plogy and money management is a lot better compiled than in the late 90's when I first began (dropping at) trading. I researched all before delving into unusual indiors, my own PA procedures, and finally plogy.

    Well, in fact, plogy seems too stered and ineffective for my tastes, which explains why it's my main goal.
    And there are other openings, such as chart explanations of how news impacts, which I left a method for in stocks (as I am sure experienced news traders may substitute if willing) but place to the side because I concentrate on charts only with forex.
    That conventional chart patterns have just a slightly-better-than-50% likelihood of succeeding, had me emphasize that chart patterns are temporary and it is how well they endeavor a lineup I can establish a transaction on, that is important. If I visit a conventional chart pattern or one of my own, then yes, then I'll test its validity first, to determine just how much it is willing to provide, considering everything else about the chart.
    Another struggle I have is to organize all chart patterns to a short list with every item a set of patterns that look/act alike. This, together with trading plogy, take up a lot of the time for trading if not practicing demo simulator (LFH). These practices do feed off each other, inspiring new ideas for trading in addition to sharpening existing skills or reinforcing bad habits.

    The reason most experiencedforexforum.co.zamembers, irrespective of stage of development in making profits from trading, do not succinctly explain their trading contributions to others, is they have posted their approach in their jumbled, strung-out-everywhere type of manner, and also need some type of extra impetus to make it distinctly legible.
    I believe that if you look at the job onforexforum.co.zaevery one of the experienced members have in common and fall that, and then find what's original and notice and study that, you may add it to the finishing school babypips has.

    I have heard that tone of'gimme your things now'. While off-putting when a newcomer only asks anyone to tell them how to trade without effort -- many traders fail in the long term, therefore it is hard to pin down something concrete that provides an advantage; instead, something inner frequently makes the grade, commonly accepted as unexplainable.

    It is effective if someone's setting away as having something valuable to say. I am no exception, but the common goal is those leading popular threads in ff's Trading Systems or Commercial Forum (main section). It is a fantastic thing, only have to vary per individual suggesting a newer approach to trade.

    It is also more effective if you're asking a (prospective ) trader that does discretionary/manual study for every trade, since it is then up into the asker what to emphasize anyway.
    Ask somebody that has a genuine, proven, winning EA, though, and you're going to hit a wall. They're very secretive, and rightfully so.

  7. #7
    I will require some time to actually read it and respond.

    Meanwhile, I have an idea. Have you ever seen one of Darren Brown's series where he utilized the energy of these masses to strike lottery? It was shown live on tv in the UK since the lottery number was being called out.

    In the exact same logic, why can't we collate everyone's notion together on the various analysis they have made. PLEASE NOTE: this won't be suitable for those stingy people, so I'm glad we could filter those nasty people out of the way in the first process.

    I shall volunteer to collate the info and the more individuals, the greater. Of course if we go each one will have their TRUST rating. Let me give you an illuion:

    Guidepost: (EUR/USD)
    me:
    Timing: 13 apr 11:00 Market: 1.3161
    Analysis: It's going down to 1.3060 so SELL T/P 1.3060 S/L in 1.3210

    :
    Timing: 13 apr 11:05 Market: 1.3161
    Analysis: It's going up to 1.3262 so BUY T/P 1.3262 S/L in 1.3112

    I will gather all info on excel spreadsheet. Finally, the market did move up and is spot on... will increase in his TRUST evaluation, and my TRUST rating will go down.

    If you anybody is interested in linking this type of item, please PM me.

    There might also be this method already in place, if that's the case, tell me .

  8. #8
    If it was easy we'd be gazillionaires, You remind me of myself when I started trading FX, very eager to learn and very aspirations I'd dre of making it big quickly, but sad to mention like all of the old timers in FX trading, there's no 2 hour lesson, Why do you believe there are many progr out there selling that idea. If you want to learn, you may learn, but you won't learn in two hours ensured, It took me a couple of years to be profitable in trading, for me personally I needed to see all of the cycles of those currencies, so many more factors involved, bottom line is you have to devote those mistakes and learn from it, then you receive the aha moment and say I have noticed this before and the next time you encounter this pattern you may know the results. If you want to follow different individuals trades go to zulutrade.

  9. #9
    WE AS HUMANS TEND TO OVERTHINK IT, trading forex needs to be a long-term profitable venture if you are likely to continue to do it, unless it's entertainment for you and ther money you lose is just the cost of the entertainment. I like trading currencies espeically GBP/JPY. I love mrroboto's short bias on gbp/jpy, I'll be adding longs in the dips all of the way down to 126.55 if we get there. I grabbed a long today @ 128.84 and closed it near the top of the last setup, and here we go again, running down then up again, guppy is similar to an elevator.Interbank FX also has a nice little thing for after others trades. The key is learn on your own, get your own personality, and learn how to rely on yourself, copying people that are sucessful may get you a few pips, but you want to be able to stand alone. Cowboy calls are great if price moves as you call, but you have to learn that the reasons why price moves just like it does.

    Experiential understanding is what we learn the most from, we learn from doing, including making errors, which cost $, forex lessons cost money however you look at it, no feeling paying pips should you dont need to, but a lot of men and women are unable to learn from the experiences of other people and need to burn their hands on the hot stove so that they KNOW it IS HOT!

    Quote Originally Posted by ;
    When it was easy we'd be gazillionaires, You remind me of myself when I began trading forex, very excited to learn and very ambitions I had dre of making it big quickly, but sad to mention just like all of the old timers in forex trading, there is no two hour lesson, Why do you believe there are so many progr out there selling that idea. If you would like to learn, you will learn, but you won't find out in two hours ensured, It took me a couple of years to become profitable in trading, for me personally I had to see all the cycles of the currencies, and therefore many...

  10. #10
    Sorry I didn't have to modify my sentiment, but I am really bullish today, we only finished wave 4 and wave 5 has only begun, looking forward to 135 or more based on how PA is up there.
    Quote Originally Posted by ;
    wE AS HUMANS TEND TO OVERTHINK IT, trading forex has to be a long-term profitable venture if you're going to continue to do it, unless it's amusement for you and ther cash you lose is only the total cost of the amusement. I enjoy trading currencies espeically GBP/JPY. I love's short bias on gbp/jpy, I'll be adding longs in the dips all the way down into 126.55 when we arrive. I caught a long today @ 128.84 and shut it near the top of the previous run up, and here we go again, running down then up again, guppy is like an elevator.Interbank...

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