FOREX - Trends, Forecasts and Implications (Episode 18: August 2012) - page 813
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that's it =) the bulls have broken the horns =) merkel has admitted that the german economy will stagnate in the second half of 2012 =)
There is only one upside left for the euro if QE3 is enacted.
Dear traders!
Report that the Puppeteer is now on vacation. I temporarily replaced it, but I'm not very good at it, I fell behind on the latest technologies. So if someone has recently earned in the market, I apologize. When the Puppeteer returns, you will lose your money again.
Best regards, Uncle Puppeteer.
Dear traders!
Report that the Puppeteer is now on vacation. I temporarily replaced it, but I'm not very good at it, I fell behind on the latest technologies. So if someone has recently earned in the market, I apologize. When the Puppeteer returns, you will lose your money again.
Best regards, Uncle Puppeteer.
Dear traders!
Report that the Puppeteer is now on vacation. I temporarily replaced it, but I'm not very good at it, I fell behind on the latest technologies. So if someone has recently earned in the market, I apologize. When the Puppeteer returns, you will lose your money again.
Best regards, Uncle Puppeteer.
I can't remember where I found this article, but I advise you to read it)))
Evolution of a Trader.
"Hi Alex. I am just starting in forex... Lost my first depo - 300 quid. Not to take up your time, I'll ask right away: there is a fractal trading system at CMS. I looked it up on history-- seems to be O.K. What do you think? I have worked with all indicators and systems except Fractal. I held out for three months and lost one trend that I did not see. Can I use fractals? If you have time, may be you can suggest something else. Thanks in advance.
Hello, I will tell you the following:
I've never worked with fractals, but in spite of that, I think you'll lose on fractals as well. Just like you lost on all the other systems.
And the problem here is not so much the idea behind the system, but the fact that what you understand by the system now, after reading the explanations in the book, what you use as the basis for a trading system, be it fractals, oscillators, muwings, Elliott, Fibonacci and so on and so forth, are just ideas.... And you can't take these ideas and start trading them just like beginners do when you read another idea in a textbook or an article, because it's not enough, and the consequences are always the same - you lose...
However, if you have tried everything, as you say, and only fractals are left, then, having finished with fractals, you will enter the first turn of the spiral of trader's evolution. During this volution, beginners usually try all known ideas and methods described in books and on websites. After that 70% of beginners give up trading for good having been completely "convinced" that nothing works and it all was just a big f@cking up.
The more persistent begin the second stage: they choose some favorite ideas, methods and tricks, and begin to work with them, trying by trial and error to gradually put "meat" on the framework of ideas and tricks that they think should work. This also takes a long time.
Then a third spiral begins. Having checked that the favorite methods and ideas, nevertheless, do not give the desired result, the trader comes back to some ideas that he or she tried during the first volley, and tries to combine them with ideas from the second volley. This also takes a lot of time.
Yes, by the way, usually each turn is accompanied by at least one, or even several visits to real with subsequent losses... However, periods of uninterrupted gains are also possible.
Then comes one more stage, when the trader is trying to reconsider his favorite ideas based on the experience from the first three stages and adding new ideas in the third stage, he starts to reconsider MM, methods and tactics and work on combining time periods...
In the fifth stage, the trader considers why the system "breaks down" after certain time periods. He starts working on a strategic rethinking of the method and its systems in order to determine the fundamental component, the red thread of the method, to reformulate the fundamental idea of the method and understand whether "prices break" because of the "fault" of the market or it's still a fault of the method. More time, more effort, more money...
At the same time I'm struggling with myself because a mosquito keeps buzzing in the depths of my soul and sometimes it seems that my wife is right: you're an idiot, it's not for you, you need to take the last bucks that are left and scram before it's too late... This disgusting feeling oppresses the soul in position and makes us make mistakes and completely fuck our own method in those moments when there is a looming live profit or seemingly imminent loss. The next morning, you usually look at yourself in the mirror and say out loud: "Well, bitch, you made it!"
So step by step, year after year, you not only have to find your way in the dark, but also make yourself believe in yourself, despite the fact that you are a zero and in your method, which does not exist...
Gradually, after 5-7 years of work, the moment comes when you don't know anything about tomorrow, while your friends know that tomorrow the salary is coming, somehow no longer weighs on the psyche, and the wife's question at night: "Sasha, what will happen to us?" you're not trying to feign sleepiness, but calmly answer: what will be - will be ...
Gradually the method begins to take complete shape. It's based on your philosophy of the trade that took years to develop, on your practice, for which you have paid a fortune. You make fewer and fewer mistakes and you have fewer trading "urges" to go against your own method and bullshit - you understand in your brain that urges often result in a direct and figurative sense of the word .....
You understand the limitations of the method, you understand its disadvantages, you know approximately where, when and how much you can lose. You are no longer interested in articles about trading, you stop buying books, you are not interested in other people's methods, advice, opinions, views, you do not ask Alex for advice, you do not need him, looking down, you see how far you have come, how high you have come, you look down from the height of your experience and see many turns of the spiral of your own evolution, you see that not all turns were circles, many were ellipses, you understand that all of these turns of your evolution as a trader gradually narrowed and narrowed in diameter, gradually approaching the invisible axis, the core, what you were striving for - the truth.... and you remember yourself on circles, when the truth seemed at hand, but you could not reach it - it needed another turn ... and you remember yourself on ellipses, when you seemed to be very close to the truth, but then you went further and further away from it ... and then you get closer again...
Slowly, you start to make money. A little... a little, slowly, slowly. But you're not in a hurry either. You know that life is short, you know that children are growing up, you know that there are few left, that others have risen before, many higher . But you don't care anymore, and you're already long gone...
Day by day you are becoming more and more sure that you are doing the right thing, that evolution does not happen quickly, it goes slowly, though sometimes in leaps and bounds. You don't rush yourself, you don't twitch like you used to. And when you, like Buddha, every morning turn on your computer and without much inner turmoil you do trade after trade, trade after trade, penny by penny, penny by penny, at some point you start to know, understand, feel that you have become what you were always meant to be - you have become a TRADER.
And when you, like the Buddha, turn your computer on every morning .... Man, I'm desperate, my computer won't shut down !!!!
The article sucks. I must have read a hundred of them already and they are all written in the same way.