Introduce Yourself

This is a discussion on Introduce Yourself within the First Steps forums, part of the Reception category; Look here, The guy looks like he is almost making random long/short calls. In one of the comments on this ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Dec 26, 2014, 6:44pm   #9766
Joined Dec 2014
Look here,

The guy looks like he is almost making random long/short calls. In one of the comments on this video he says this, " Many times it has to do with instinct, something you develop over the years", at being questioned how he was making his decisions.

Last edited by New Member; Dec 26, 2014 at 9:41pm.
New Member is offline   Reply With Quote
Old Dec 27, 2014, 1:39pm   #9767
Joined Mar 2014
Volumes

Quote:
Originally Posted by rourkem View Post
That might work for him during that time. But I think instincts are not enough. Numbers should be one of the major factor on every decision that we make.
He's trading trend, volume, public sentiment and breaks. A good mix. But.. he's trading equities.. and that component can be a thin market and get choppy, but he does a good job getting through it on small trades.
AvantEdgeFX is offline Coach/Trainer   Reply With Quote
Old Dec 27, 2014, 7:21pm   #9768
 
2 Posts
Joined Jul 2009
Hello!

A little info about myself. I've always been intrigued with trading the markets since high school days. I had an old Civics teacher that first introduced our class to the stock market in 1960. Did a little paper trading before I entered the Army in '67.

Started getting interest in trading again in the the early '80's (equity options) using technical analysis. Didn't have computers then for charting so I did it by hand. Lot of ups and downs and after a marriage break up left the markets for several years. Early 90's dabbled with commodities Using broker recommendations until I had used all the funds I had allowed for it. A couple years after 9/11, with the advances of computer programs for trading, I started delving into the commodity markets again. Due to a disruption caused by our house burning down and contractor problems, I took up Forex in my spare time and have have spent the last ten years studying various TA programs.
Of all the programs and concepts I have looked at, the only one I have found to have a high percentage of accuracy was one based trading naked with only support/resistance and volume.
That is what I use now with an accuracy rate of 75-85%

Well, this is me and always happy to hear other trader's ideas and opinions.

Good Trading......
evjones45 is offline   Reply With Quote
Old Dec 28, 2014, 3:59pm   #9769
Joined Aug 2014
Quote:
Originally Posted by New Member View Post
I personally think day trading is pure luck, traders are gamblers while the firms that offer the odds (prices) are, essentially, bookies. What separates good traders from bad is not better trading but better money management. Ones that make money from it long term are essentially better money managers. They are able to manage their account better than those who lose everything. A kid can be taught to be an effective a trader as someone with a degree in economics from Cambridge.
Dear,if u do few trades in a months,you will have much time in analysing the fact and figures,so the chances of being wrong are remote,while you are a daily trader,u have very much little time to analyse and to act,and the chances of being wrong is very high.

Last edited by shakeel ahmed; Dec 28, 2014 at 4:00pm. Reason: error
shakeel ahmed is offline   Reply With Quote
Old Dec 28, 2014, 4:56pm   #9770
Joined Sep 2011
Quote:
Originally Posted by New Member View Post
About 4 or 5 weeks ago I was called by a broker from one of these day trading firms from his office in the city and he was trying to sign me up for an account. He even asked me to log into a trading platform since I was in front of laptop. I did and he asked me to put a trade in. Told me to pick an amount per share I wanted to trade and then select the time frame the trade was going to last, which in this case was going to be 1 minute. At the end of the minute the trade would close and it would be determined whether it was a winner or loser. I guessed right, and I say guessed because that's exactly what I did. I did a further two trades the same way, and they were again called correctly. I still told him I wasn't interested because they were complete guesses. When you stay in the trade for such a short time frame what you are essentially doing is guessing. No matter how sophisticated the charts, price movements cannot be predicted over a few seconds or few minutes. Over longer term, say, weeks and months, yes, I do believe you can predict price direction much better. but over seconds and minutes the volatility is too much to predict accurately. People end up mostly second guessing. This is why I am going to look for stocks or indices and trade them with the intention of holding them for days, weeks, or even months.

really?
Attached Thumbnails
gftt.png  
MajorMagnuM is offline   Reply With Quote
Old Dec 28, 2014, 6:30pm   #9771
Joined Dec 2014
U live yet maggers?
__________________
I loosed all my money......
Kinell is offline   Reply With Quote
Old Dec 28, 2014, 8:40pm   #9772
Joined Sep 2011
Quote:
Originally Posted by Kinell View Post
U live yet maggers?
yes
MajorMagnuM is offline   Reply With Quote
Old Dec 28, 2014, 8:41pm   #9773
Joined Dec 2014
Good
__________________
I loosed all my money......
Kinell is offline   Reply With Quote
Thanks! The following members like this post: MajorMagnuM
Old Dec 29, 2014, 6:13pm   #9774
Joined Sep 2011
Quote:
Originally Posted by evjones45 View Post
A little info about myself. I've always been intrigued with trading the markets since high school days. I had an old Civics teacher that first introduced our class to the stock market in 1960. Did a little paper trading before I entered the Army in '67.

Started getting interest in trading again in the the early '80's (equity options) using technical analysis. Didn't have computers then for charting so I did it by hand. Lot of ups and downs and after a marriage break up left the markets for several years. Early 90's dabbled with commodities Using broker recommendations until I had used all the funds I had allowed for it. A couple years after 9/11, with the advances of computer programs for trading, I started delving into the commodity markets again. Due to a disruption caused by our house burning down and contractor problems, I took up Forex in my spare time and have have spent the last ten years studying various TA programs.
Of all the programs and concepts I have looked at, the only one I have found to have a high percentage of accuracy was one based trading naked with only support/resistance and volume.
That is what I use now with an accuracy rate of 75-85%

Well, this is me and always happy to hear other trader's ideas and opinions.

Good Trading......
id love to know what volume sources you use
MajorMagnuM is offline   Reply With Quote
Old Dec 29, 2014, 7:44pm   #9775
Joined Nov 2014
Quote:
Originally Posted by MajorMagnuM View Post
really?
lol
Fugazsy is offline   Reply With Quote
Old Dec 30, 2014, 7:04am   #9776
 
Forexpe's Avatar
 
1 Posts
Joined Dec 2014
I am new here . I visit first time this forum .Hope it would be a nice experience to discuss here with others.
Forexpe is offline   Reply With Quote
Old Dec 30, 2014, 10:55pm   #9777
 
2 Posts
Joined Jul 2009
Quote:
Originally Posted by MajorMagnuM View Post
id love to know what volume sources you use
Since I trade the Forex market, I use Bill William's Market Facilitation Index and apply it near support/resistance levels(based on confirmed pivot reversals).
evjones45 is offline   Reply With Quote
Old Jan 1, 2015, 11:15pm   #9778
Joined Sep 2011
Quote:
Originally Posted by evjones45 View Post
Since I trade the Forex market, I use Bill William's Market Facilitation Index and apply it near support/resistance levels(based on confirmed pivot reversals).
M8 i have read all his material/ it sounds feasible ( squat etc), but for me the jury is still out as to whether the volume sources you use are a good enough proxy.
alos, you might want to check the history of williams and how his work was er, *******ized by others including his daughter i believe
MajorMagnuM is offline   Reply With Quote
Old Jan 2, 2015, 1:21pm   #9779
 
9 Posts
Joined Jan 2015
hello all, i am new in this forum.
Fendy Chia is offline   Reply With Quote
Old Jan 2, 2015, 2:11pm   #9780
 
1 Posts
Joined Jan 2015
Hi there,
I'm new to T2W as well as to the trading world.
I know it's going to be a long and tuff road but we're gonna make it!
Yoake is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Introduce Yourself traderjules88 The Foyer 15 Mar 8, 2018 8:41pm
May I introduce myself......... felixakulw Home Trader 79 Dec 13, 2013 8:59pm
Greetings I will like to Introduce Yourself murhy The Foyer 2 Aug 10, 2011 8:49am
Let me introduce myself HedgeUrAnalyst First Steps 10 Aug 1, 2011 4:47am

Currently Active Users Viewing This Thread: 3 (0 members and 3 guests)