Day Trading & Forex Forum

vchohan

Honestly I can't believe people are doing that on here Tom. Forget them they obviously have the wrong mindset, with greed, selfishness and fear. Advice is advice they can take it or leave it. We're all here to learn and to help each other become better than great traders!

Viks

minime69

just seen this thread as i dont usually log on at weekends.

good luck and i for one look forward to reading your post.,

and if anyone has a problem with your advice or thread then they should stop reading and go be the pond life they are rather than send stupid PM's out of pure jealousy, no one is forcing them to read and if they disagree with your analysis then they should do the opposite and let the market decide.

good work and dont stop WS

__________________
If you don't know where you are going, any road will get you there!

A sense of humor is the pole that adds balance to our steps as we walk the tightrope of life!

Every day of your life is a page of your history!

kitejedi

Now I am very nervous of posting as I am an avid follower of your 'making money trading' thread. I only hope I can do it justice!!!
Bye for now
Rob

trader_dante

Rob, never be scared of posting. We're here to learn and we've all got things to learn - even those that are teaching are always learning.

I used to get riled up when I saw I was being criticised but the thing is, I know that what I teach is profitable - if I wasn't making money off it, I wouldn't be on here all day trying to teach it.

Pin bars and inside bars etc ARE simplistic. And I hear people voicing the opinion that its like trading for dummies and they don't work. And all I think each day is "wow, this dummy just made another 70 ticks pretty effortlessly..."

I don't want to be clever. I just want to make money.

One must remember, that if it works for you, forget everyone else. People will always criticise.

I made a post a long while back and I'll repeat it here:

I am so tired of people telling me what does and doesn't work.

If it's not someone telling me that Fibonacci levels don't work, it’s someone telling me that candle patterns don't work, that trendlines don't work or that indicators don't work. That stop hunting will kill you. Counter trend trading will kill you. News trading will kill you. Risk taking will kill you.

That you can't make money if you only have a small amount to start, that you can't make money unless you are wired into the news, that you can't make money day trading, that you can't beat the computers that automate trading, that you can't make money if your stops are too large, that you can't make money if your stops are too small. You can't make money if you spreadbet, you can't make money if you pay commissions, you can't make money unless you sit at your pc 24 hours a day.

It is all rubbish perpetuated by people that can't make money themselves so they vent their frustration by telling everyone else that they can't make money either. At the end of the day I CAN make money and guess what? I make it doing the things I've been told "won't work".

Listen to your own experience, not other peoples. Find out what works for you and just do it. There is no such thing as CAN'T.

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Trading Price Action: An absolute insult to the amount of time some people have spent studying financial mathematics.

kitejedi

Firstly please don't give me credit for what I have learnt from Trader Dante and Sir William!!! TBH I wouldn't like to give advice on a break of 3600 as for me the set-up has already happened. A break of 3600 would be my trigger to move my stop to break even. That said I am very aware of the trendline which you can see in this chart and this is, to me, as important as 3600. I will be watching how price reacts here like a hawk as IMO an inside bar pattern developing above it might give an excellent signal to go long or, in my case, to add to my position. If this were the case then I would use the bottom of the outside bar as a stop as, if price breaks this, then the set-up will have gone wrong. Not unsuprisingly a break of the bottom of an outside bar would coincide with price failing to break through the trendline. This is all guesswork at the moment as we don't know what will happen tomorrow morning, but I am trying to prepare myself for how I may react to different price action scenarios. Weighed against this is the danger of an inside bar breaking smack into 3600 and stalling there. Decisions, decisions......




Hope this helps?
Rob

kitejedi

All I can say is that the moment I started understanding the psychology of the market place through market profile concepts, ditched my indicators, moved to higher TF's and started following price action was the moment I started making money :-)

(That's not to say I am anti indicators or lower TF's, as I believe, as you have said, it is all about what works for the individual)

wallstreet1928

Mr Dante I am very honoured with your presence on this thread and I am so happy you approve of it.

thank you once again my friend

I look forward to your posts and advice

__________________
you trade at your own risk,
always do your own analysis before you trade

I don't claim to be an expert, but you are more than welcome to join me and share your analysis in order to learn from one another;

http://www.trade2win.com/boards/uk-i...w-traders.html

wallstreet1928

Interesting.....

I haven't don analysis on S&P yet....

I will be doing further analysis tonight, I have a semi final cricket match to attend now

so speak to every one later

P.S. I thought I would show off some of my cricketing skills with my beautiful front foot cover drive I did in the Summer. I play for Heaton Mersey cricket club in the cheshire league .........

Attached Thumbnails

 

__________________
you trade at your own risk,
always do your own analysis before you trade

I don't claim to be an expert, but you are more than welcome to join me and share your analysis in order to learn from one another;

http://www.trade2win.com/boards/uk-i...w-traders.html