Thread: Working together as a team

Hi guys:

I agree with you and will be following this thread. I also was a little dissapointed that the TT forum didn´t work.

Regards

I am not sure if anyones thought of the but if it has been discussed and if I am just gonna be talking abt the samr thing please close this thread.

That I have lately begun forex trading and created a couple of wins and couple of losses and'm still in it. Lets see how things go.

But what I needed to speak about was that everyones doing exactly the exact same thing earn money so why doesnt everyone earn money together. What I mean by that is that there are times once I do some decent trades if I could share that info with you guys instantly then we can make money on exactly the exact same. If I was to make a stupid mistake of selling a currency if actually the mark was range bound then a person should really stop me then and there.

I actually come from an IT background and that I know various solutions I can get to do this working anyone thing this is a great idea?

4 possibly 6 traders conversing together deciding how to go and most of them collectively placing their knowledge and maybe some intuition as they say 2 heads are better than one and we are such a disjointed lot

Please be gentle with your comments

Originally Posted by ;

I am not sure if anyones thought of the but when it has been discussed and when I am simply gonna be talking abt the samr thing then please close this thread.

I have recently started Currency Market trading and made a couple of wins and couple of losses and am still inside. Lets see how things proceed.

But what I wanted to talk about has been that everyones doing exactly the same thing make money so why doesnt everyone make money together. What I mean by that is there are occasions when I do some good trades when I could share this info with you men instantly then we could all make cash on exactly the same. If I was to make a dumb mistake of selling a currency if in reality the mark has been range bound then a person must actually stop me then and there.

I actually come from an IT background and that I understand various solutions I can get to do this functioning anyone thing this is a great idea?

4 possibly 6 traders chatting together deciding how to go and all of them jointly putting their knowledge and maybe some intuition as they say 2 minds are better than one and we are such a disjointed lot

Please be gentle with your comments

This notion was discussed once before by a member called quinn. I believe that you will have to email Merlin or quinn, they'll have the ability to inform you what exactly happened better than anybody else.

Thanks,

Nader

Hi Michael,

Thanks for the input I see what you mean, I want to answer your question first that I'm a newcomer, I did several demo transactions and then went reside. My decision making process is very simple I proceed with the market when the trend is down then I go brief and of course when its going up I go long. The charts are a excellent indior I mostly rely upon the Bollinger Bands, the stochastic occilator and of course the MACD I mainly consider the 5 to 15 min charts and not the ticks because they give me heart burn

I understand I'm talking basic things here but I'd state I'm a newcomer, aside from that simply to get me started I took a demo of nostradamas which I no longer use and Dashboard FX of which I have 1 more month to go until they charge my card. If I get a signal then I don't blindly throw in the money but I watch the indiors to confirm the move. If I'm not in my PC I then simply set a pending order for the signal a few pips off if the trend is right it will activate this order.

If everyone gathers then it does not neccssarily signify any 1 person dictates what others must do after all we're individuals having our own brains however there are several ways that a group like that work and I've seen that occur in many different things in existence.


Hi Nader,

I will definetly try to get in touch with Merlin or quinn and Discover out the outcome of this topic.

Here is the orginal team trading thread...

https://forexintuitive.com/cryptocur...s-time-ea.html

as you may see, there was A LOT of interest in the thought.

We ended up establishing the forum, but it never got going. Here is the discussion afterwards it fell apart . .

Https://forexintuitive.com/forex-tra...r-journal.html


I still like the idea, but we will need to figure out how to make it work. In case you have some ideas, post them in the thread immediately above and we'll try to receive her rollin again

Originally Posted by ;

A Journals forum could come near this. And provide guests and even lurkers an enjoyable place to read a sort of, two-way blog...

Merlin can name it Factory Journals Forum. Just a suggestion and my not so humble opinion

Michael B.

savant I like your journal forum thought. Why dont you post a thread which has a questionnaire attached and lets see what folks think. Thats how everything seems to get done around here

Originally Posted by ;

I like the idea, however we need to find out how to make it function. If you have any ideas, post them in the thread immediately above and we'll attempt to receive her rollin again

When I was planning to place a bet I would bet against committee trading in general. Quite simply I don't think an ad hoc set of traders can get together on a forum and discuss trades while trading and come out really profitable. Individuals are too vulnerable to peer pressure and bullshitting each other for this to work nicely. However I think there's an area of this that relates to trading plogy that could do the job nicely.

If a group of traders were to use the set strength for accountability rather than for placing discretionary trades then I would wager in favor of their long-term achievement of a group that actually stuck to something like another sample of points:

1. Everyone would have to trade the system.
2. Each person records every trade and its details.
3. Each person submits a business plan of their very own how they are going to trade the system.
4. Everyone discusses each others business plan one at a time with input and critique until everyone has a business plan they are satisfied with.
5. Every person has access to others business plan so that any questions anybody asks will be applicable to that persons stated egy.
6. Every trader should post their account reports in the end of the week with their trade log for everybody to view and discuss.
7. Each person reviews anothers log and produces a list of questions with the idea of helping the other to admit and face mistakes.
8. No matter other formal processes that ensure objective trading opinions is provided for each trader so that every trader finally becomes self regulating and objective in their very own review of their particular trading habits -- through mutual disclosure in addition to candid conversation and opinions.

I could go on but I think that the best value a team could have to each other is to ensure disclosure and opinions. Therefore a trader cannot hide from their own self indulgent. I would bet money on a team that traded this way and stuck with the program. Yet again though it cannot be achieved without a couple of strong leaders that understand this process.

FT

Originally Posted by ;

Didn't someone do this already...? It had a clear response also...

really? did i miss it? You got the link?

This is such a good thread. . You can practically feel the fire of the people in the forum. . Or perhaps again, it's just me. .

Though, I am also willing to assist, but I am not sure what help I can give. . I also expect that if the team trading pushes through, I expect that it has a place for beginners. . More of like kids watching how the big boys do it. .

Hi,

Originally Posted by ;

If I was going to place a bet I'd bet against committee trading generally. In other words I really don't believe that an ad hoc set of traders can get together on a forum and discuss trades while trading and come out really successful. People are excessively prone to peer pressure and bullshitting each other for it to work well. I believe there is a place of the that relates to trading plogy that could do the job.

In case a bunch of traders managed to use the set strength for accountability instead of for putting discretionary trades then I'd bet in favor of the long term success of a group that actually stuck into something like the following sample of factors:

1. Initially everyone would have to trade the same system.
2. Each individual records each transaction and its details.
3. Each individual submits a business plan of their very own how they will exchange the machine.
4. Everybody discusses each others business plan one at a time with input and review until everybody has a business plan they are satisfied with.
5. Every individual has access to the others business plan so that any questions anyone asks will be applicable to that persons said egy.
6. Every trader should post their account reports at the end of the week with their transaction log for all to see and discuss.
7. Each individual testimonials anothers log and produces a list of questions with the idea of assisting the other to acknowledge and confront mistakes.
8. No matter other formal procedures that ensure objective trading feedback is provided for each trader so that each trader ultimately becomes self regulating and goal within their own review of their own trading customs -- via mutual disclosure as well as candid discussion and feedback.

I could go on but I think the greatest value a team could have to each other would be to ensure disclosure and feedback. A trader can't hide from their self indulgent. I'd bet money on a team that traded this way and stuck with the program. One again though it cannot be achieved without one or two powerful leaders that understand this process.

FT

This is a fantastic idea

I was expecting that Jim's pf would pull everybody together on stage 1 and 2. Factors 3-8 make entire sense to keep everybody on track. I was expecting that something like this could have stopped Jim's run of losses.

Best regards
Alan