thread: anyone need help?

Annieb,
Before answer your questions, first I must ask if you do not using God's name in vain. Most people probably went right over that phrase and didn't even realize it was there. When I read it, that is all I thought about your entire post.
My next post I will answer you.

And Renasdad - thanks for all of the help you have given and are prepared to provide everyone.

I have a query. The fear factor -

I have a system - bought and trained/ing in. Demo-ing at present. And convinced it'll be me that determines its success or failure...

And I am just so fearful of failing - Fx simply seems so goddamn unpredictable - I am aware that I am never gonna call it right 100% of the time - and I have sound cash management principles and risk egies in place - but equally I know if I do not conquer my fear of failing and get my mindset right I am likely to have difficulty using 'real' cash - however large or small - it's cash and I do not want to lose it - not all - I have my start up capital, relevant risk/reward wise to make a difference - and that I do so want to succeed - but I am scared - analysis paralysis at mo - how do you detach enough - or have enough confidence and self-belief this is the one thing you can earn work?

Many of us who will even try something similar to fx are perhaps, risk tolerant - or have tried things before and did - therefore could be loosely termed entrepreneurial - I have tried so hard at this...yet no indior/system can predict what's going to occur next in Fx market...all they provide is an advantage.

- I have read entire thread and structure consensus was that 'greed' was first...well fear is mine. Any suggestions to overcome the fear?

And do not suggest Trading in the zone - as unsuccessful 'author' tis hideously badly written - tho theory accurate.

Thanks in advance to anyone who can assist.
BTW Peter - loved your thread.
Cheers

I am very embarrassed to say this....

but how you geniuses figure out that ema, sma, wma, etc etc to use...???

I barely even know what they mean....must look up some books everytime and then I'll soon forget....

and I can not fathom out the way you guys figure out that time period of all these MAs to use for that interval ???

trial and error ??? ....voodoo...???

Do not be ashamed. There is alot of trial and error. Open your charts and begin messing about. These concerns you've got right now are ones that I thought about rather than asked. I finally realized that's what the majority of folks were doing. Attempting differant MA's be it the number or the name of this MA. I spent hours and hours and hours and days putting differant items on charts to see if I could pin-point right as soon as the trend shifted. It seemed good from manual backtesting but in real time it was useless. One way to observe the differance from SMA to EMa into WMA is pull a chart wether it is a 15 minute or daily. That part does not matter. Then on that chart put a 10 SMA, a 10 EMA, along with also a 10 WMA. Look at the differance between each one of them. When it comes to plotting certain MA's it is all attempting this and that.
Do not worry man, you didn't embarrass yourself.

Greetings -

Amazing thread. I want to ask the following:

1. Are Mondays great days to trade? I hear that some traders steer clear of both Mondays and Tuesdays b/c of lack of news, low volume in the market, etc..

2. We're coming up about the Holidays. What months in Novemember, December, and January should be averted?

3. When will we return in a trending market? It seems like a whole lot of the currencies are ranging.


Thanks,
God Bless
Sam

1. Well when I started, if the markets were open, it was time to trade. I don't take care of Fridays anymore and I am to the stage Mondays arent very good. Many may not agree. It may be the way I trade.

2. This query is. Someone else may have the ability to answer it. I think that the day of thanksgiving, Christmas, and New Years will probably be dead. The day following those times may be large movers. I am not sure the way that works.

3. Ranging is a great thing sometimes. If you understand the place of a top, take a short. When it gets to the floor, shut it (easier said than done). And I am not sure when things will return to normal. Can I just say back to normal? Forex does not understand that phrase. Maybe there just has to be some sort of interest change or any drastic news come out to drive things in a specific direction.

I am really embarrassed to say this....

but how you geniuses determine which ema, sma, wma, etc etc to utilize...???

I hardly even understand what they mean....must look up some books everytime and I will soon forget....

and I can not fathom out how you guys determine which time period of all these MAs to utilize for which timeframe ???

trial and error ??? ....voodoo...???

Greetings -

Beautiful thread. I want to ask the following:

1. Are Mondays days to exchange? I hear that some traders stay away from both Mondays and Tuesdays b/c of absence of news, low volume in the market, etc..

2. We're coming up on the Holidays. What weeks in Novemember, December, and January should be avoided?

3. When will we be back into a trending market? It appears as if a good deal of those currencies are ranging.


Thanks,
God Bless
Sam

True, but I also feel that there are items that never changes no matter what the market is doing.
A system should be flexible enough to manage most market requirements. Too often people make it detailed and not allow any room for interpretation that it fails once the market varies. I believe that it's fine to modify your egies from time to time, but all systems should have principles which are so fundamental in trading which do not change no matter what the market is doing.

Price Action, Support/Resistance, Trend lines

I'd suggest if it seems great, make a couple of demo trades and see how it goes. Wouldn't hurt to give it a shot.

Contrary to rumour, it wasn't same sex marriage which killed off the dinosaurs, it was the inability to accommodate changing conditions. I think it's very important that one continue to refine and alter their systems and methods. Utilize a demonion to try the enhancements . When using a demonion does not look real, then start a small subacct for testing. One which won't get u into trouble while you test new methodologies.

True, however I also feel there are items that never changes regardless of what the market is doing.
A system should be versatile enough to handle most market conditions. Too often people make it comprehensive and not let any room for interpretation it fails once the market varies. I think that it's fine to modify your egies from time to time, but all systems should have rules which are so fundamental in trading which do not change regardless of what the market is doing.