FaD Trading Diary

FaD

Junior member
Hello everyone, my name is FaD. I have been trading for more than 5 years, trading mainly forex and binary options, less often stocks and cryptocurrency. Why did you come here? To share some thoughts and experiences, the experience of observing yourself and other traders. Good luck to me! English is not my native language, I use a translator, I apologize for machine translation errors.
 

FaD

Junior member
My trading is based on technical analysis, which over the years has transformed into something that is not found anywhere else. As well as candlestick patterns. All this has its own rules, which I have been developing for many years, I am trying to understand the logic of the price movement, I will tell you about this later, since a huge mass of information has accumulated
 

FaD

Junior member
The experience of observing yourself and others shows that the biggest problem of all novice or already well - chewed traders is money. The desire to earn money quickly. In general, the reasons for your troubles lie in this. When I came into trading after watching enough ads: I will create my own system. Why? What сkind of system? You have read a book on technical analysis, a couple of articles about successful success and "I will write a trading plan". Let’s look at such statistics about the most difficult and stressful professions, according to some Americans expert. Top 3: traders, doctors, lawyers. Do you feel it? Once you read the criminal Code, you won't be the tough guy who closes the case. After reading book on anatomy, appendicitis cannot be cut out. Not to mention the fact that doctors stand for 12 hours at the table, picking at the brain, so that the person continues to exist. And you, after reading a book on technical analysis, want to become a trader. Well, it's funny. Letте's compare the average duration of training for a specialist. A doctor, even in the countries of the former Soviet Union, is trained and on average lasts 6 years at the university. And you are not a doctor yet, you are an intern who needs to study for another year, pass exams, and then you are a doctor. But you can't perform brain surgery yet, you need to work for 1-2 years as an ordinary doctor, then go to school, this is another 1-2 years, and then, maybe, you will be put to do complex operations, under the guidance of a much more experienced colleague. Counting: 6+1+2+2=11 years. A lawyer is also not from the university bench will go to defend a local authority. He must gain experience, become a specialist, and this will take years. And we, traders, have everything easy and simple. Here I read, there I read, there I was directly charged with the energy of trade and went to put my batteries on graphite. Let's look at technical analysis books, articles, and so on. What do they have in common? Nothing. Technical analysis is the basics, and if you ask to name the authors of the manuals, you will start something like this: Schwager, Volman, Nison, and then go: Fuller, Beggs, Dante, Raschke, Elder, maybe James16 will be remembered (it's an honor for me to write lines on the same forum where this legendary person shared his experience). Bollinger(already retired for a couple of days). Now, please note: the first three listed personalities are technical analysis, and the content of the books is about the same. But the whole subsequent series, what do they have in common? Except for the field for actions in the form of a graph. NOTHING. These are separate systems, separate views on trading, each name is a separate story, some of which grew out of the standard classical analysis.
So we begin to unravel the tangle. A beginner writes a trading plan based on such developments. What are the chances of success? They are almost nonexistent. Because the developments are not studied properly, each element is not disassembled into molecules. This is the first sin. Due to the fact that the method is not studied well enough, swings with transactions begin. Okay, if it’s just a minus in the framework of money management or risk management, it's rare, but it happens. Most people start to overestimate the risk and lose their deposit to the broker's delight. Recently I read one book: "With silt habits". The episode from the book is simple -the more we merge deposits, the faster it becomes a habit. Were you taught by biologists? Norm of reaction topic, here are your constant plums and become the norm of reaction for your brain, and then hello depression. I won't hide it, I'm also from this rink. And I've been fighting this habit, and I'm still fighting it.
That's it, your mousetrap clicked. You don't have a system, but only brief descriptions of other people's approaches, even if this 100 - page description is a short description, believe me. You have constant drains due to the desire to make quick money.
You don't need a broker who tweaked the quotes or mythical personalities who knock down your stop-loss , or economic news on which you lose your deposit. What for? You will ruin yourself, and this process has already begun.

By the way, about money and the desire to earn money: according to the results of modest observations, most people have an attitude: I will have a deposit of 3000$ - 5000$, then I will adhere to all the rules, work as needed. And now you need to quickly earn a mythical amount, and then everything will be fine. So, dear ones, it won't happen. None of this will happen. Whether you have 100$, 1000$ or 10 000$, you won't have any of this. I was convinced by my own example, when a large amount of money flew away in an hour, and on other people's accounts, when people merged apartments in a day. Yes, I witnessed a case where a trader leaked 70 000$ faster than he could click his finger.

Wow, the monologue turned out, but just a few simple conclusions from this:
1: Look for what is closest to you, and if you like it, understand it thoroughly. Build your theories on this material, you do not need to blindly believe the lines in the manual and strictly follow them. Look for your little things, test them, build theories about them, refute or confirm them. Do you know when I wrote my trading plan? In the eighth year of his trading career.
2. You are set up for a long-term perspective and the opportunity to reach the security itself through trading. Your goal is not to earn money, money. No beating off the amounts, no pitying snot about the merged deposit, there was and was, there will be more, but then. Survive for at least six months, close the profit every month, and then you can draw intermediate conclusions. Again, this is a reference to habit, they are formed not 21 days, which is so advertised on the Internet, this process is very long, 21 days is just the beginning. The longer you maintain a constant profit environment in your head, the less likely it is to be destroyed.
3. Analyze each trade for a negative, become a child-why-should-you-be-in-the-know attitude to yourself, and deal with both the profit and the minus.
4. Well, years, comrades, years of work, and not in one sitting to build up a trading plan for yourself.


You will succeed, and as always with me, my chaotic manner of presenting the text.

Thank you for your attention, your FaD.
 

FaD

Junior member
I'm not interested, I've reached the point where a new breakthrough is needed. And I am actively looking for this breakthrough. I had a dream - to predict absolutely all price reversals, but I have to admit that this dream is not destined to come true. It's easier to concentrate on situations that I know thoroughly, wait for the moment and reverse/continue the trend. The smallest study of the behavior of the price before the reversal, reversal and further movement. Over time, some things have become quite primitive. For example, the price breaks through a strong level, so we study the nature of the movement before breaking through, and it becomes clear whether the price will go further, or it will return with a relatively powerful impulse. Life hack, all impulse movements are the result of responding to strong supports.
Fundamental analysis, I have not recognized and still do not recognize as an essential approach for forecasting currency pairs. Kamon, from year to year, as scheduled, the same thing. The consumer price index, the rate, the NFP, crude oil reserves, every year smart uncles are puffing on statistics, and traders like first-graders "do not trade for 30 minutes before and after the news." I'm not saying that they should not be monitored at all, you can monitor them, the only thing that interests you is the indicators that go beyond the norm of reaction, this is a reason to think and dream a little, recently there was such a thing, news from the USA, the last time such an indicator was in 1985-1990.
But this happens very rarely, for example, I have observed this for the first time in 6 years.
Shares, picture +-, the same.
It is very interesting to watch when everyone is waiting for the news, and technical analysis already 2 hours before the news tells where the market will go.
Study TA, and you will be happy

See you again, your FaD
 

1nvest

Well-known member
I've reached the point where a new breakthrough is needed. And I am actively looking for this breakthrough. I had a dream - to predict absolutely all price reversals, but I have to admit that this dream is not destined to come true. It's easier to concentrate on situations that I know thoroughly
its not a breakthrough you need, and its not concentrating on situations you know thoroughly
trading is all about probability, not certainty
if you can win 50 times out of 100 (less even), and your winners add up to more than your losers you have an edge
thats it...start there. no breakthrough needed

dont make it any harder than it needs to be
 

FaD

Junior member
its not a breakthrough you need, and its not concentrating on situations you know thoroughly
trading is all about probability, not certainty
if you can win 50 times out of 100 (less even), and your winners add up to more than your losers you have an edge
thats it...start there. no breakthrough needed

dont make it any harder than it needs to be
I'm ready to argue with you. In trading, probability is inherent in the initial stages of chart analysis. Then there is an analysis of the situation, which, most likely, turn out to be the most correct trading solution. Then these patterns develop and a trading system is formed. My trading system is based not on probability, but on confidence, based on the factors that the price currently shows. And the statement 50 times out of 100 I left behind a long time ago.
 

1nvest

Well-known member
I had a dream - to predict absolutely all price reversals,
thats what you should have given up right from the start..but you crack on mate
 

FaD

Junior member
1641757713385.png

Good evening, for the coming weeks I propose to consider the USDCHF short. My reasons: Rebound from a very strong annual support, as well as confusion on the support from the month, a pattern on the weekly chart, as well as the situation on D3, and all this concerned the global trend line. My position is short.

SL: 0.9240
TP1: 0.9108
TP2: 0.9038
TP3: 0.8974
 
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FaD

Junior member
1642001794100.png

Hello everyone, I repeat the short, I could have come earlier, but I forgot about this deal. The goals are the same, opening on 0.9164
 
 
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