reminiscence of(yet) a (novice)trader

aag100

Active member
Jul 10, 2010
611
35
38
#31
i want to hear a winning trader call a loser a loser,not a loser a loser.winning traders know indicators may work for some and not for others and that each trader needs to find their own edge.
 

malaguti

Well-known member
Nov 3, 2009
2,262
421
93
#32
i want to hear a winning trader call a loser a loser,not a loser a loser.winning traders know indicators may work for some and not for others and that each trader needs to find their own edge.
it took me a long time to realise that there is no indicator worth having on a chart.
 

Shakone

Well-known member
Feb 27, 2009
2,458
665
123
#33
i want to hear a winning trader call a loser a loser,not a loser a loser.winning traders know indicators may work for some and not for others and that each trader needs to find their own edge.
It's fine if you want to use an indicator. Just didn't see how using price is disorientating, but using price and indicators is not :confused:
 

NVP

Well-known member
Jun 21, 2004
36,090
1,753
223
west sussex, UK
fxcorrelator.com
#35
i want to hear a winning trader call a loser a loser,not a loser a loser.winning traders know indicators may work for some and not for others and that each trader needs to find their own edge.
Vendors tend to call

Winners = Winners
break even = Winners
Losing trades = Break-even
Huge Drawdown = winning Trade still in progress

learn the language of vendors and you wont go wrong :smart:

N
 
Nov 11, 2009
23
3
13
#36
most losers have a habit of ballsing things up they dont understand ....:cool:
:clap:

I, like every other trader, have searched for the holy grail of indicators and indicator combos. I'm for the price action approach, I'm for the indicator approach. One thing I've noticed in both approaches, is that simpler tends to work better. So long gone are the days of the Triple Inverse Reverse Filtered Polynomial Professional Gauge, I just have a moving average and a trailing stop.

I figure, when you produce a strategy that suits your personality and trading style, you'll make money because you'll have made something YOU understand and something you understand WHY it works.
 

Dinos

Well-known member
Nov 10, 2003
4,112
713
123
#37
Indicators are for losers is what .I have found out so far and nobody tell me that I don't know how to use them properly...
Completely disagree, I've being trading full time 15 years. I use one indicator and 2 t/f's, Macro and micro, when in confluence l enter a trade. Break of confluence l exit a trade if still in.

IMHO, don't over complicate things by using multiple indicators etc
 
Likes: Sonicscooter

aag100

Active member
Jul 10, 2010
611
35
38
#38
Vendors tend to call

Winners = Winners
break even = Winners
Losing trades = Break-even
Huge Drawdown = winning Trade still in progress

learn the language of vendors and you wont go wrong :smart:

N
everyones a winner.
 

aag100

Active member
Jul 10, 2010
611
35
38
#39
:clap:

I, like every other trader, have searched for the holy grail of indicators and indicator combos. I'm for the price action approach, I'm for the indicator approach. One thing I've noticed in both approaches, is that simpler tends to work better. So long gone are the days of the Triple Inverse Reverse Filtered Polynomial Professional Gauge, I just have a moving average and a trailing stop.

I figure, when you produce a strategy that suits your personality and trading style, you'll make money because you'll have made something YOU understand and something you understand WHY it works.
precisely.
 

aag100

Active member
Jul 10, 2010
611
35
38
#40
It's fine if you want to use an indicator. Just didn't see how using price is disorientating, but using price and indicators is not :confused:
imagine being in zero gravity with your eyes covered.would you know which way is up or down.....
 

aag100

Active member
Jul 10, 2010
611
35
38
#41
what comes before even a strategy?
know which market your going to trade
its opening/closing times
spreads during these times
roll over charges
interest charges
dividend payouts
times of news announcements
settings on your trading platform
trading is difficult as it is and losses incurred from the above feels even more so that the market is out to screw you over.
 

aag100

Active member
Jul 10, 2010
611
35
38
#42
like the mad man laughing at the rain
you might be short ftse and watch the dow.for every point the dow goes up your ftse goes another point against you.the dow goes 20 points against you and your ftse position is in the hole for another 20.fair enough you think the ftse isnt gonna go your way if the dow isnt.dows now gone 50 against you and your deeper in the hole by 50 too.
things turn round and the dows beginning to move down.great you think with a sigh of relief.it drops 20 points and the ftse only falls a point.WTF you think for every point it was going against me the ftse followed suit and for 10 points it goes for me i only get back 1.the dow gets back to where it started or even lower by another 20-30 points so your ftse position should be in the money too.but is it fk,its still down 30 points.
why is there a corrolation when its going against you but not when it would be for you.
it really does leave you feeling like the mad man laughing at the rain.
 

aag100

Active member
Jul 10, 2010
611
35
38
#43
right.from monday i will be posting my trades in euro/dollar.
as they will be open to ridicule it may force me to make fewer and better trades,that is the plan.
 

aag100

Active member
Jul 10, 2010
611
35
38
#45
11.56 close 1.3288 +6
got out.a,what I call contradiction in my pattern and usually if I don't take even the small win it gives me,I know it can come back to fk me.