Trading gone sour after learning more technical analysis

[gbp-usd]

hello

I do FX trading for sometimes and I can always make a little bit profits year after year before, but since three years ago I met a friend Who also trades FX and He asked me some questions which I didn’t known, after that I started to learn more technical analysis for trading , guest what ,I start to pay back some of the profits I made, I am usually trading FX with banks in HK, they offer multi currency account which allows you to convent one currency into the other for about 10pips spread in real time depends on the account size, also I used margin account as part of system,

Last 2 years FXCM alone (as part of triangle system), I made nearly 30000 trades with two accounts manually placing most of the trades but recently I start to losing money in FXCM by using lot of technical analysis and watch more and more Bloomberg and sky news , more and more trades based on technical analysis rather then my own old stupid way, may be I didn’t learned it properly.

Before I always used random generator to generate one month outcome in advance, and always stick with GBP_USD only for many years , from there I tried work out how much money I need it, how big the trading size according the outcome , but all gone sour after learning more technical analysis

Technical analysis do works for some traders but not me

Long time ago back to 1995, it happened in London golden nugget casino, one gentlemen lost 100,000 pounds by betting on one site only on the roulette table, I do remember was black , he used lots of score card with a ruler, but the results was more then 30 times in red in a row, and He lost control, 100,000 pounds gone with in half hour, also I knew a lady always played funny way by put bets on both sides unevenly and randomly changed the amount on it, she always made some money...

I do believe FX market outcome is random but in some period of the year that forex price movement is controlled by big player

Emotion is FX trader 1 enemy I think, I try to get some programmer to code my own stupid a way into live trading system, so less human judgment and guessing will be used for FX trading, it can manually placing order during news release time because the slippage and more auto trading run the algorithm I used by software and monitor it regularly.

Any recommendations for FX trading platform allowed it runs auto trading scripts apart from meta4, 5, thank you

Good luck to all

 

[Jason101]

hello

I started to learn more technical analysis for trading , guest what ,I start to pay back some of the profits I made, I am usually trading FX with banks in HK, they offer multi currency account which allows you to convent one currency into the other for about 10pips spread in real time depends on the account size, also I used margin account as part of system,

Last 2 years FXCM alone (as part of triangle system), I made nearly 30000 trades with two accounts manually placing most of the trades but recently I start to losing money in FXCM by using lot of technical analysis and watch more and more Bloomberg and sky news , more and more trades based on technical analysis rather then my own old stupid way, may be I didn’t learned it properly.

Before I always used random generator to generate one month outcome in advance, and always stick with GBP_USD only for many years , from there I tried work out how much money I need it, how big the trading size according the outcome , but all gone sour after learning more technical analysis

Technical analysis do works for some traders but not me

Long time ago back to 1995, it happened in London golden nugget casino, one gentlemen lost 100,000 pounds by betting on one site only on the roulette table, I do remember was black , he used lots of score card with a ruler, but the results was more then 30 times in red in a row, and He lost control, 100,000 pounds gone with in half hour, also I knew a lady always played funny way by put bets on both sides unevenly and randomly changed the amount on it, she always made some money...

I do believe FX market outcome is random but in some period of the year that forex price movement is controlled by big player



Good luck to all

I had a similar experience of doing well until I started to learn TA, then I just learned how much I did not know and it went down hill. Only to go back up again after learning a whole lot more.

But you brought back some good memories of "The Golden Nugget"
I have seen Arabs there putting down tens of thousands of pounds there in just a few minutes and walk away non the unhappier for it. I've been slipped chips with a smile from a beautiful croupier (aren’t they all) there, and if we won, we would always have a good night out in Soho after.

Think its gone down hill now, they even allow you in with jeans now.

 

[GlenGary]

Hey fellas,

I probably shouldnt even be writing about this, because, after all, I have only been ib tradeing for 13 days. But, just rememeber, KEEP IT SIMPLE, when you start digging to deep, you can get into trouble..

Im finding, that really, looking to far ahead, isnt a good thing. Everything, JMO, is trends in the Trading game. Its a give and take game.

Big Company stock, Is differnt of course, those are long term holds.

Forex, is by the minute game. If you want to work half a day, you can do it.

Im a football fan, HUGE fan, ( Browns) Dont you just yell at the TV when the coach doesnt keep on doing what works? If the run to the outside is tearing the defense apart, continue to do it, till they stop it.

Just saying, dont change what works.

I discovered a pretty good strategy, that works for MY STYLE, and its working, so I dont need anymore info, till, of course, my plan starts to have holes, then they need filled with knowledge, from someone who has an account bigger then mine,

Just food for thought, Im studyin,

 

[NVP]

hello

I do FX trading for sometimes and I can always make a little bit profits year after year before, but since three years ago I met a friend Who also trades FX and He asked me some questions which I didn’t known, after that I started to learn more technical analysis for trading , guest what ,I start to pay back some of the profits I made, I am usually trading FX with banks in HK, they offer multi currency account which allows you to convent one currency into the other for about 10pips spread in real time depends on the account size, also I used margin account as part of system,

Last 2 years FXCM alone (as part of triangle system), I made nearly 30000 trades with two accounts manually placing most of the trades but recently I start to losing money in FXCM by using lot of technical analysis and watch more and more Bloomberg and sky news , more and more trades based on technical analysis rather then my own old stupid way, may be I didn’t learned it properly.

Before I always used random generator to generate one month outcome in advance, and always stick with GBP_USD only for many years , from there I tried work out how much money I need it, how big the trading size according the outcome , but all gone sour after learning more technical analysis

Technical analysis do works for some traders but not me

Long time ago back to 1995, it happened in London golden nugget casino, one gentlemen lost 100,000 pounds by betting on one site only on the roulette table, I do remember was black , he used lots of score card with a ruler, but the results was more then 30 times in red in a row, and He lost control, 100,000 pounds gone with in half hour, also I knew a lady always played funny way by put bets on both sides unevenly and randomly changed the amount on it, she always made some money...

I do believe FX market outcome is random but in some period of the year that forex price movement is controlled by big player

Emotion is FX trader 1 enemy I think, I try to get some programmer to code my own stupid a way into live trading system, so less human judgment and guessing will be used for FX trading, it can manually placing order during news release time because the slippage and more auto trading run the algorithm I used by software and monitor it regularly.

Any recommendations for FX trading platform allowed it runs auto trading scripts apart from meta4, 5, thank you

Good luck to all

hey G

with respect if you think Forex is random then it is my friend (to you)....

I would recommend finding a market or a type of investing/Gambling where you believe its not random and that you do have an edge - then pump thousands of hours and dollars into researching it and developing a strategy

...........then kick major $$$ butt implementing it

good luck
N

 

[HowardCohodas]

Forex, is by the minute game. If you want to work half a day, you can do it.

Some trade the Forex with only taking a look every four to six hours and perhaps a minute or so to adjust the position.

Lots of ways to skin that cat.

 

[marketwizard123]

Did you try out zulutrade yet? Some good signal providers there, even if you dont auto trade your account you can still learn something from the systems applied by using the full month in demo mode