Please help me help myself - Page 4
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Thread: Please help me help myself

  1. #31
    hi there. . .when just using one time, the easiest is likely trading breakouts, you'll frequently see consolidations type for ages then will go into a rampage
    however, if you employ multiple interval, it allows you to see bigger picture...
    such as:
    say you like trading on the 15m chart. . .then have a look at the hourly chart at first to recognize the tendency, identify key support resistance...
    then on the 15m chart, identify your favourite setups, make sure you go long or short according to hourly chart trend...
    then move down to 5m chart and pinpoin exact entrance...

    okay that was just an illuion...

    also try reading Dr. Alexander's novels, especially Come Into My Trading Room
    it is very beneficial
    without any, you don't have to follow other people's system but at least understand based on their system, why does their system operate?
    How can I modify their system so that I can make it mine?
    When you make a system be sure to backtest it
    oh and dont backtest it automatically, try to do it manually, see what kind of results you get
    you see, you can get a lot of experience just practicing by backtesting and demo'ing
    of course, when you go live, your emotions will be present to reach you!
    So there's a limitation of what you can do involving backtest, demo and live
    live is the real thing the real world with your own money!
    Are you ready?

  2. #32
    Quote Originally Posted by ;
    I am so tired and sick of trying many trading egies and non of them producing good, consistent results. I've spent a lot of hours and lots of thousands of real dollars trying to learn, however in the end, it seems like it's all a waste. I don't know what to do. My favorite style is reduced TF (15min), and I enjoy trading using S/R. Can you guys recommend a PROVEN egy that you believe to become profitable? I really just want to learn and SEE RESULTS FOR THE WORK I PUT IN, but it seems like no matter how much I follow egies,...
    Occam's Razor.
    The simplest explanation is usually the correct one.

    A profitable egy doesn't exist.

  3. #33
    I remember how fruing it had been for few years. 1 yr trading is nothing compared to individuals taking ages to learn trading. For me personally, just recently I am starting to grasp the way the market and the way the human mind operates in the market. What I am saying is we strive to succeed overnight but the fact does not work like that. Anywayz most of these newcomers don't listen to seasoned traders till they learn about themselves. It's not the system is destroying your life, it is you.
    My journey began just like yourstrying system to sytems and attributing the machine when it is not working. However, after losing few accounts and could not fund extra fund to my account (bankrupt), then you begin to realize why you are always losing money? And then you try to dig more and eventually you'd be in the starting point which is Risk little, controlling emotions, having rules, discipline all those were the essentials.
    And here is my 2 cents, don't get involved in EAs, I have been messing with EAs and heard nothing, but ofcourse as soon as you understand how the market operates and the way risk management functions then it might be something different to try but before I wouldn't actually recommend trading with robots. Maybe you'll learn some risk management with exceptional robots like blessing etc but it just delays your learning curve. And as soon as you learn about yourself, there will be time everything will be composed you may know even easiest MACD crossover system could make money.

    P.S. throw the machine thread out of your window(mind) and begin digging more in plogy component of trading. And once you have those coupons to guarantee individuals, remember me lol

  4. #34
    I am rather interested in PASR trading of lower TF breakouts.

    Everything from breakout triangles and patterns, to reversal formations.

    Does anyone have a website/text that instructs specifically on these things?

  5. #35
    This is interesting read. I've found from among the dial's posts. You will know just where you are after reading this.
    Here is a good video you can see too, it consists part 1 and part 2 be certain you see the movies.

  6. #36
    How this man trades PASR is just what I need to do:

    any literature specific to those methods?

  7. #37
    The moment that you understand trading with the tendency is your key, you will be astounded.The trick is to buy the dips sell the rallies.It has been mentioned so many times it seems stupid.

  8. #38
    Tok, there are a lot of people on here that can give tips on the best way to trade to you. I figured it out after awhile.

    I will give you some life guie. Take it if you want or leave it... No difference to me.

    The cash... It will come and go. The time... Once its gone, its gone forever my friend. You are 20 years old and you're telling me you spend 15 hours a day in front of a chart? LIVE LIFE my buddy. You just get this opportunity. You can earn steady income off a 4hr or daily chart just as simple as a 15 min chart while checking it a couple of times a day at most.

    Anyways, thats my .02 bucks.

    Hope you find what you are looking for.

  9. #39
    How long you're trading and how old are you?

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