Should i pay for a course etc etc etc?????

This is a discussion on Should i pay for a course etc etc etc????? within the General Trading Chat forums, part of the Reception category; Foredog, thank you for the links, especially the Peter Crowns link, which I noticed, spawned other long-running threads over on ...

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Old Mar 30, 2009, 5:04pm   #16
 
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Point(s) of intersection between Peter Crowns and TD's approach

Foredog, thank you for the links, especially the Peter Crowns link, which I noticed, spawned other long-running threads over on FF.

I am also a big fan of Trader Dante's now closed thread, "Making Money Trading", and its still alive logical successor "Potential Setups".


Would anybody think that there are some points of intersection in these two approaches?

If I understand correctly, both are in principle extremely simple systems which do not rely on indicators. They differ in detail (e.g. inside bars versus pin bars), but I wonder if they have more in common than what differentiates them.

Has anyone used both approaches for any significant periods of time?

I notice that the originators of one of the spin-off threads from the "Peter Crowns thread" on FF now seems to spend most of his time on the long-running "james16" thread there. I wonder if this is significant. I seem to remember that TD was originally inspired by james16.
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Old Mar 30, 2009, 6:31pm   #17
 
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foredog started this thread There is definite merit in combining IB's and pins as the IB's are used for continuation where as pins give reversal signals.
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Old Mar 30, 2009, 6:41pm   #18
 
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Quote:
Originally Posted by foredog View Post
There is definite merit in combining IB's and pins as the IB's are used for continuation where as pins give reversal signals.
Ah, good point! I notice some posters in the recent posts to the DIBS continuation thread using pins as well as possibly other tools, as well as IBs.
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Old Mar 30, 2009, 7:11pm   #19
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Quote:
There is definite merit in combining IB's and pins as the IB's are used for continuation where as pins give reversal signals.
Not necessarily, IBs can also give trend continuation and Pins can give reversals as well. Much of it depends on the confluence of other factors at the point where the IB or Pin is observed (all in my view of course).



Paul
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Old Mar 30, 2009, 7:41pm   #20
 
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Confluence

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Originally Posted by Trader333 View Post
Not necessarily, IBs can also give trend continuation and Pins can give reversals as well. Much of it depends on the confluence of other factors at the point where the IB or Pin is observed (all in my view of course).



Paul
Agreed Paul. The threads such as James16 etc do mention that confluence is an important factor when evaluating Pins and Inside Bars.
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Old Mar 30, 2009, 8:59pm   #21
 
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TD on IBs

Re-reading the "making money trading" thread, I found this comment by TD on inside bars:
http://www.trade2win.com/boards/372508-post739.html
Quote:
Originally Posted by trader_dante
"This thread is certainly not ONLY about pin bars. I particularly like inside bars.

When you get several inside bars with successively smaller ranges the chances of a sharp break greatly increase.
Elsewhere he refers to several other Price Action "indicators" which he says he is always aware of, but does not necessarily use.
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Old Mar 30, 2009, 9:20pm   #22
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Originally Posted by foredog View Post
NO

Every few days there are people posting on here asking if it's worth spending £2000 on some dodgy course.

Yes some may offer you good info and training but most seem to be a sham and a scam.
£750 buys you a PC with a big monitor, position it so that you can see it from as many places in the house as possible. Just watch price action for a few thousand hours, it'll teach you more than any course.

£1000 buys you 2,000 pips to lose at 50p/point spread-betting. That will also teach you more than any course.

The remaining £250 buys you a treat as a reward for all this effort, although very few of these remain strictly legal.

Ben
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Old Mar 30, 2009, 9:32pm   #23
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£750 buys you a PC with a big monitor, position it so that you can see it from as many places in the house as possible. Just watch price action for a few thousand hours, it'll teach you more than any course.

£1000 buys you 2,000 pips to lose at 50p/point spread-betting. That will also teach you more than any course.

The remaining £250 buys you a treat as a reward for all this effort, although very few of these remain strictly legal.

Ben
Top post.
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Old Apr 7, 2009, 8:31pm   #24
 
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foredog started this thread Another free stratergy from this forum

http://www.trade2win.com/boards/fore...-strategy.html

REMEMBER TO DEMO ANY OF THESE UNTIL YOU FEEL COMFORTABLE WITH THEM AND SURE THEY WILL MAKE MONEY.

(mods, if you're able to add his link to the post#2 or tell me how that'd be appreciated
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Old Apr 7, 2009, 8:34pm   #25
 
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foredog started this thread If anyone can think of any more good FREE strategies please feel free to post them.
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Old Apr 7, 2009, 9:54pm   #26
 
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The "Three Ducks" is rather fun (aimed at Forex). Should be easily findable. Seems to have a lot of support. I've never seriously tried it though. It's MA-based.
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Old Apr 7, 2009, 9:56pm   #27
 
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Quote:
Originally Posted by RedGreenBen View Post
£750
The remaining £250 buys you a treat as a reward for all this effort, although very few of these remain strictly legal.
"The best things in life are illegal, immoral, or fattening"

The "treat" could be a few trading books...
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Old Apr 20, 2009, 11:51pm   #28
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free trading education without going to a 'spread betting tutor' -> Spread betting questions? Find answers with these FAQs or ask one of our experts
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Old Jun 4, 2009, 9:18am   #29
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Quote:
Originally Posted by montmorencyt2w View Post
The "Three Ducks" is rather fun (aimed at Forex). Should be easily findable. Seems to have a lot of support. I've never seriously tried it though. It's MA-based.
I`m not shure, if its aimed at Forex only, I also use it with other commodities available at Oanda.

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Hittfeld

p.s. Its 3 MAs PLUS S/R
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Old Jun 10, 2009, 5:09am   #30
 
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Originally Posted by shadowninja View Post
Yes, it is tedious. I don't care any more. I just ignore those threads unless I'm in the mood.
What I think that each of you should do is stop your lamenting over how bothersome the idiot questions from novices are and for a moment take yourself back to the time that you had just heard the words trader currancy forex... pairs.. profits.. for the very first time and how complex it all seemed..

Although I am sure from your attitude that you were different and made none of the mistakes that all newbies do... No you never asked stupid role your eyes questions ...

Yes right ... and Im the Queen of sHEBA DIDNT U KNOW

Where would any of us be if not for the efforts of a few special individuals who took some time and offered kind compassion while personally coaching consoling conjoling supporting instructing scolding molding jeering and cheering us through times of ignorance and need.

You have an opportunity to affect anothers life in aPositive way, every day.. In an easy way..
Your expertice abilities...your special talents can serve to improve anothers quility of life rather then only serve to improve the size of your wallet or ego.

. So next time .. let it not be an irritant when a novice asks again..."which way to trade "which course is better "etc etc instead find the humor ...smile and for the 100 or 200 th or 1000 th time telll um what they need to know, tell them where they need to go... and help them that are lost to find there way,,, I promise youll also have a better day..


Sincerely:
a poor dumb lost wanna be 4x trader
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