thread: Someone talk to me about trading

I know I have come across as a bit of a twat to a people over time, but I can guarantee you I wish no one any harm. A couple of people have subscribed to me Please do not do this as I'm not there yet. Some people have pm'd me stating they agree with what I have said!! I'm not a guru. More of a dick at the mo.. How does someone trade to make money? Like to hear others I have my thoughts. Seriously. The principles involved. Not the same old poop we've heard all before, ( some of it might be correct ) something new anybody? Oh yeah, and trolls, and people being negative and slagging me off....are rather welcome. Talk about trading. Thank you.

Thanks everybody for taking the time to post on here. Just to clear up something. I am not asking for someone, or for trading information to inform me the way to trade. Just wanted to speak with people about trading, and get people talking to each other relating to trading. Would love to hear your views on anything related to trading. Here is a nice one. Why is it so hard to be a successful day trader. ?

ive come to realize trading isnt about the sytem u use. More its about cash management and risk/reward. Damien

Would tend to agree with you on this one. Getting stopped out lots of times . Hold for benefit. This is only one of the reasons day trading is difficult.
Nobody ever talks about, or at least I haven't come across it, utilizing the whipsaw stop, with Donchian stations. 1/2 ATR stops are used by this rather than the much talked about two ATR stop. It's more profitable to use the whipsaw stop because of increased benefit.

Hey man, For me I only started getting profitable when I started trading on higher time frames. I only trade the 4H charts today and f*ck me it's changed my life lol. I use to trade the 5 minute and 1 minute charts. What a tragedy haha. Is there any egy? Have you begun trading live?

Been trading live for about ten decades and still here to tell the story. Just like you I used to trade smaller time frames. Just like you I trade daily charts. Input using two hour charts in management of larger daily trend, which I decide from guppy kind mma. I track at 28 day ema.

With respect, Atokys, the thread starter has asked for some advice with new ideas. Up to now, your overall participation appears to be to buy low and sell high! Silverheat has some thing to offer that you could gain from. When you've got over the opinion that you are correct and that makes everyone wrong, come back to me. Read the first paragraph of's article several times and you'll probably find something new. Fantastic trading to all.

With all due respect to you Aich I am NOT asking for information. Just need to get some conversations going. Thank you.

quote Placing my hand up! 14 percent and 1,940 pips in the time of this post, of course I've a few days left to lose it! My trading is based on market sentiment, pure randomness and assessing myself everytime I begin thinking in theories. Have to go with the flow and never believe you're right. Anything that might endure you to stubornly stick to a position against what the market is doing, e.g. wave concept, indiors, fundemental analysis etc is going to cost you cash. Longer time frames have aided, larger stop losses (50 pip ) and bigger...

Thanks ant. You make sense to me. Only remember, a 50 pip so stop loss on a daily chart once you are trailing the 28 day ema like I'm, is only a little halt. It might be larger, but it is not Large and it is going to get you r/r that is fine

Take a look at this film. It is taken from among the texts that were best that I have read. Enhancing ligence Analysis with ACH.pdf It's freely available on the web so I assume that I can quote it's explanation straight: The drawing supplies the reader an chance to test for him or herself the persistence of recognized images. What should you see a woman or an old woman? Now look back to see whether you can visually and emotionally reorganize the information to form another picture that of a young lady if your initial...

very very intersting and helpful.thank u.

The Function Needed Forex trading, simply put, is gambling that one currency will appreciate or depreciate versus a second specific currency. It makes sense that knowing what makes currencies depreciate or value is an important first step in Forex trading. Oddly enough, just a fraction of retail Forex traders consider exactly what makes currencies depreciate or appreciate within their Forex exchange entry and exit choices. Their attention is almost exclusively on currency pair exchange rate chart analysis (specialized ). There vague awareness...

Thanks for taking the time to post that. I've been trading for 10 years.

If your looking for something such as Elliott Waves you then become blind what else is happening.

Today, ask yourself why you believe that your perception of objective reality is pertinent to trading well. Everything you hold to be objective might seem abstract to somebody. I will leave you with this excerpt out of LeBeau's Computer Analysis of the Futures Market:

We formerly knew a trader who asserted that he obtained entrance signals from mystical beings in outer space. He promised to receive such messages via his interplanetary phone assembled with a busted piece of wireless antenna sticking from the top. This fortunate (or unfortunate) trader actually made money since he had a knack for exiting his trades correctly. He couldn't bear to drop money and suffer the taunts of the traders sitting around the boardroom, therefore that he was very quick to close out a losing trade. He would blame the loss on some sort of cosmic hindrance that had garbled his message or static. When he stumbled into a winning trade, he'd prolong the experience as long as possible, so he could brag to his cronies concerning the validity of his messages from outer space and also poke fun at their seemingly futile efforts to create money studying fundamentals and charts.

quote Would tend to agree with you on this one. Getting ceased out lots of instances with small declines. Hold for reward. This is one reason day trading is tough. No one talks about, or I haven't come across it, utilizing the whipsaw stop, with Donchian channels. 1/2 ATR stops are used by this rather than the much talked about two ATR stop. It is more profitable to utilize the whipsaw stop because of reward.

Exactly I have stopped out in b/e 70 percent of their time but if I get a runner I have been letting it operate and grabbing anywhere from 30 up to and over 100 points.

damien