xkr1962

Point taken of course. I am not here to prove anything really. MM made some high handed remarks and got my back up. As for wasting my time concocting fake videos I have far better thing to do with my time. I am an open book.

Three winning trades in total, 80 pips nett profit, rinse and repeat tomorrow. trade two trade three yesterday I said I take two or three trades a day, today I produced the goods. A very relaxed days trading, all the analysis was done in about 20 minutes at 6am UK time. Have a nice day.

I flipped thru a few charts at 6am UK time, EU looked the best bet. 20 minutes work 30 pips profit. Rinse and repeat tomorrow. [ame=http://www.youtube.com/watch?v=CDt1U98XWAs]todays trade - YouTube[/ame]

You can find plenty of them if you look hard enough.

I choose pre FO and LO for that reason, I consider it the positioning or grinding time of the day, the price almost always moves nice and steadily to the levels that they start the games during the Frankfurt and London sessions. I am told the pre Asian session moves in a similar way. Have a look at the way the price goes mad at about 7 - 7.30 am UK time, that is why I like to be out of the markets by then. It works extremely well for me.

haha haha hahaha hahahahahahhahahhahahahah I only meant one haha but the minimum was 20 chars

My simplistic view is it is the biggest players cooperate. I couldn't care less if it is true or not. The charts and common sense tell me that all the millions of little players in the world will not trade in the same direction / drive the price, biggest money has to. Learn to follow the biggest money, some call it trend analysis, it works on every timeframe. I trade bare candlesticks they tell me everything I need to know, direction, momentum, entries and targets. Keep it simple.

Most decent honest mentors I have used will share their charts and explain their trades in a live trading room environment. Just do your own due dilligence.

It has been said before by many in this thread. Lose indicators and learn what the candles / bars tell you Find or devise a method that works for you. (mine is trend analysis on EVERY timeframe with SR) Once you have a bullet proof strategy fear and greed become less of a problem. Don't overtrade (I study charts for 20 - 40 minutes pre FO LO (5-6am gmt) place the trades and go back to bed) two or three 20 - 40 pip trades a day for 20 minutes work suits me well. Rinse and repeat the next day. Remember, valid trends can be found on EVERY tf from the m1 to the yearly and beyond.

Nice post Tradewinds, I had slightly differing results than you by having trading buddies. I think the important thing is that you find a method that you feel certain is profitable on a forum or something, then you build relationships with other like minded people from there. I definately found It was easier to learn that way, use skype or something to chat live about charts and setups, there are plenty of free chartshare programs out there too like mikogo. You may even be able to convince the thread starter to teach a group of you in a live room. As time has passed trader buddies have come and gone, some just didn't have what it takes, some are now very profitable, I have made some good friends that way. You will need to have the drive and determination to succeed, that can only come from absolute belief in the method you have chosen to learn. Good luck.

It took me 4 years to really get trading and I think even though I am making money consistently now (year 6) I know I still have loads to learn and find that really exciting. By "boring basing" do you mean consolidation / ranging? If so just remember that sideways motion is the big money hunting liquidity and gathering discounted orders before they make their move. They HAVE to do this in order to bring unwary money into the market, how many times have you entered a trade, got stopped out and then it reverses in your direction? Learn to play them at their own games.

It seems we may be comparing apples to oranges here with regards choosing people who we teach to trade. From your recent posts it seems you are talking about recruiting people for institutional trading whereas I am talking more about the retail traders. My apologies if I missed something here. The sort of people I have helped in the past are traders I have met from trading chatrooms and liverooms for whatever reason. Most were there to improve their game (me included) and almost all have a very good understanding of what is required to make it as a home trader. The last live room I attended was over 18 months ago and run by a very experienced fundi trader and at the time I was still gathering knowledge and experience of every different style of trading that I could. You do meet traders of all levels in these places and many are prepared to help each other (myself included) People soon realise who is trading at what level and things / associations progress naturally. I am now a 110% technical trader I just don't need the complications of fundis whatsover. I try to point my students in that direction but always tell them to learn about every method of trading there is for themselves. Personally I get the measure of potential students very quickly, one guy recently for example asked for help, so I spent a good few live chats and chart sharing showing him support and resistance and trend analysis and I gave him info on a few written articles and websites that would help him, all he ever kept asking me was, had I seen this book or that method. Last time he did that I politely told him my views and asked him to come back in a few years if he still needed help. Regarding psychology I have learned that belief in your trading system / methods, making a plan and trading the plan helps enormously, forget that and the market will make you pay as a reminder.

Yep point taken, my apologies, the moral, don't respond to rudeness until I have counted to 100. Ref point 2, I agree with that also but alot depends on how discrentionary the method is I think.

Nice post, I agree with most of what you say including, "trading cannot be taught" however people can be pointed in the right direction and they can be shown a method works time and time again. That alone can save years of heartache, give encouragement to persevere and help avoid possible failure by switching methods when the going gets tough. Would you consider starting work at 6am and finishing at 12 midnight for weeks at a time, or starting work at 12 midnight after finishing just 5 hours earlier then working full on for 16 hours, six or seven days a week? Would you work a fulltime job that meant working nights and then running your own business during the day? Would you work 6 days a week including Saturdays and Sundays for years and years? I have done this sort of stuff all my life, I am not educated, and I never knew my dad, all I know is hard work, but it got me everything I wanted in life. Running a business and employing good staff is no different than vetting potential traders. I guess the real problem on forums like this is that most of the people on here couldn't survive five minutes without mummy and daddies money and a silver spoon education. Crack on clever guys. If anyone struggling to trade needs help or motivation PM me. Sorry for the rant.

You really upset me with this post, you know absolutely nothing about me yet you respond in a rude and ignorant way. That sort of behaviour is why the world is such a messed up place.

Haha thanks, I can see from reading some of you other posts you are a really clever and funny guy. Great work.

I agree with a few others here, give 20 people the same method and they will all get differing results. I am not sure what motivates people to operate huge live trading room environments it just seems to negate the reasons I got into trading in the first place, the freedom to work anywhere you want anytime you want. Teaching others to trade your methods can be quite difficult. I have taught quite a few people to trade now, I really enjoy doing it and I am amazed how it helps improve my own trading, my own mentor noticed this too. Over the years I have developed my methods to be as mechanical, unambiguous and therefore as teachable as possible, naked charts make life easier as well. I realised a solid set of rules goes a long way to taking care of the psycholgical aspects of fear and greed too. Now I coach a few people at a time via skype or whatever, it suits me perfectly. They pay a one off fee and the only guarantee they get is that my system works can be proved to have worked on data going back 30 years. They can adapt it to any timeframe they wish and virtually any heavily traded currency or index they choose. Hopefully a good understanding of pure price action and how the markets work will enable us to adapt quickly should anything change in the future as well.

Yes, sorry I was trying to be diplomatic. You can keep things simple or try to make things more complicated than they really are. Good luck to you too.

That is a great explanation Steve and exactly how I have come to understand SR. I have studied SR for years now and came to the same conclusion as Josh that orderflow, fair value, balance etc mean similar thing to SR. Ultimately when supply runs out and the balance tips I consider that to be support. All can be traded in similar or totally different ways. Back on topic, mentoring fills a gap between waiting for the perfect setups for me. Patience and discipline have been the hardest thing I ever had to learn about retail trading.

That was a priceless post ZDO. My mentor was / is a genius and spent a year trying to teach me his unique trend trading method within a small group in a live room, the problem was I was too green to get it way back then (2006). I have spent the last five years learning / improving my trading fulltime with his stuff always in the back of my mind as being the "right" way to trade. Way back in 06 he was averaging 70% win rates with quality 2-1 rr trades trading m15 trends in the direction of the h4 trend, I could write reams on why his method was so right and why I didn't get it first time around but the point is I KNEW it was right cos he showed me by calling trades live in front of the groups eyes. We just were too green to get it way back then. My point?? Well I get his method wholeheartedly now and have improved on it even, BUT, that doesn't mean I can trade it to the 70% or even 90% win rates that I know he now achieves. You know what they say, give a group of traders a winning method and they will all get differing results. I now teach his methods, some take years to get it, some take months, the most recent student is actually pissing me right off cos he is trading it so well even after just three months. Teaching helps me enormously, it forces me to question myself every time I look at a chart or try to explain things to a student. Is it wrong that I teach? I don't think so, it would be a crime not to try to improve the method and spread the knowledge imho. My mentor teaches and it improved his trading, I teach and it is improving mine. The method is unique, I have paid for my tuition with cash, years of my life and stress beyond belief. P.S. all the people I have mentored so far have been free, I realise that I enjoy it and am good at it so now I charge, it is a natural progression.