Ingot54

I have already ... http://www.traderslaboratory.com/forums/forex-trading-laboratory/15784-how-trade-foreign-exchange-market-forex.html It might not be for everyone though ... it just finds the background trend by what is happening on higher TF ... and then uses a lower TF to find your entry on pull-back. Similar to counter-trend trading ... but not quite. I don't enter until I can show myself the trend resumption is imminent ... if anything could be so precise in FX trading!

Just spent an amazing 12 minutes looking at "The Holtermann Collection" on the Australian ABC website. It is extraordinary - not only for its revelation of early Australiana - historical documentation of life in the Australian Goldfields from 1862 to 1872+ ... it is extraordinary in that it has only now come to light after so many years in a back yard shed! The Holtermann Collection consists of hundreds of glass photographic negatives that do not pixelate on magnification (ie a "zoom-in" view). Further, these glass negatives are virtually indestructible ... they will last for a very long time into the future. Treat yourself to a journey back in time ... about 150 years back ... at the birth of a nation. Holtermann Collection - ABC News (Australian Broadcasting Corporation) Enjoy!

Always remain focused ... the little things will wait!

Don't always give it all you've got: (Sith Efricaans excluded)

Joe - thank you for those kind words. I feel I have to caution you about using indicators though. They are certainly not the magic we all hope they might be. They are merely a tool. The best advice I can possible give to you, is to focus on no more than say 2 or 4 pairs, and learn to master them. The reason I say this, is because you can make as much money as you dream of by mastering just ONE currency pair ... for example the EURUSD ... or the EURJPY. These are not recommendations by the way - but there is certainly very little wrong with specialising in them. Once you know how to make pips CONSISTENTLY ... then it is a matter of increasing the contract size to a level you are comfortable with ... and the money will follow. The idea of using indicators, is that over a period of time, you could come to see a setup, without using them on your charts at all. If you think of the number of traders who use indicators, and the number of traders who struggle, it might be that those numbers are the same. So we have to use an approach that eventually leads us to trade without indicators as the major part of our strategy. In the list above, you have found something that has impressed you, and that is a good thing. But please do not think that you have found the final answer to your quest. There are many traders on this forum - which I think is one of the better forums - who can trade very well - much much better than I can, and they use little else than a trend-line. My approach has not made me wealthy. You might investigate the role of Weekly Pivot Points, to add to the weapons you use to attack the markets. Finally, I am very glad to have the input of others here - such as Berzerk, and Henry and the others who asked questions and made comments. I have already learned a lot more by pondering the things said and asked - you could too. It is a frustrating journey ... to get from being a newbie like yourself ... to arrive at a situation where you can confidently place a trade and allow it to run to meet your profit expectations a high percentage of the time. Could I suggest that you also spend some time, as a newbie, reading this thread: http://www.traderslaboratory.com/forums/trading-psychology/10158-optiontimers-project-14.html#post175004 From there, you will get some of the concepts of trading in higher Time Frames, and learning patience ... where the trader sets the trap, and waits for price to come to him. Thanks for your input to the thread - really appreciated. I have been quite busy over the past week - so have only been on the forum for very short periods, and have been unable to spend the time required to move this thread forward with the original intentions. I hope to get to this in the next 24 hours.

Just finished watching, Jpennybags. Attenborough spins a compelling yarn ... but I suspect it is more than just a doco ... it is an imperative we have to address. Thanks for that contribution - I am richer for having been exposed to that educational glimpse of what may be possible ... what may be to come.

DB - it is unclear whether you are addressing Greg Capra's thesis or mine. Could you please clarify further. I agree - if you do not anticipate the trend ... ie take a position before the trend is obvious ... then you have missed a good part of the move. However ... while MA's might be irrelevant to your strategy, they may be integral to others' strategies. Some people use MA's not for the reasons that they might or might not cross, but to identify things such as "the side of the market to be trading or holding off" ... or ... "the establishment of supply/demand levels" etc. And yes, I believe there are some instruments that could be traded successfully using a strategy involving MA's in other ways too. But I would like to hear what you have to say about getting into trends ... and to have you clarify your statements a little further. Thanks ... Ingot

There has got to be a limit to all of this misbehaviour. Read the article - they are not using human embryo kidney cells derived from aborted foetuses in their Pepsi soft drinks. No. They are using the embryonic kidney tissue to test the way human taste cells might respond to the flavours Pepsi use in their soft drinks. This is the thin edge of the wedge ... and frankly while other ways exist to achieve their tests ...there is NO need to be using human aborted foetuses for commercial testing. Obama is wrong on this ... in my view. Obama agency rules Pepsi's use of aborted fetal cells in soft drinks constitutes 'ordinary business operations' This is where is begins ... where does it end?

Thanks Siuya - simple and resonant. Unfortunately, at the other end of the spectrum there are stories that need to be told that are not pleasant, but reside in the "Pathos" genre. Truthdig - The Last Letter ... from a Dying Veteran ... I hope you are able to spend 7 minutes to honour this man with your reading time ...

I am unsure about trends, Greg. Usually by the time you spot a trend, you are too late - that's why I like to identify the trend, and wait for a pullback to locate an entry. In the case that you get aboard during a pullback, the trend can "be your friend." But unless you have a mechanism to identify where to get into a trend, then the trend is certainly not your friend ... what the trend is then, is the exhaust smoke of something that has taken off without you on board ... and thus the trend is a sign that you didn't get aboard in a timely manner if you missed out. I like the idea of applying a higher TF MA to the lower TF. I was going to build on this concept in another thread I am posting to ... but it is my intention to do what you have described by using the daily or weekly TF to set the trend ... and then apply that MA to the lower TF. That would see us using say, a 3 period MA on the weekly chart, and applying that MA to the 4H or 1H. A 3 period MA on the weekly then, would be the equivalent of a 90 period MA on the 4H ... and a 360 MA on the 1H. The 3 period MA on the Daily would be the same as the 18 period MA on the 4H or the 72 MA on the 1H. Now many traders won't bother to think much about this, because they may wonder what these higher MA's are doing on the lower TF ... slowing down the action? Of course, all we are doing is proving the direction of the flow of money at that time. So that if you only trade in the direction of the flow, then you have a better chance than trading counter to the flow. If you know where the price is flowing, then you will be undeterred by market "noise." So while I do not totally disagree ... I would like to see this clarified to the extent that it is not the trend that is your friend as much as it is the pullback that can be identified to get you into that trend ... with minimum draw-down. Now that would be a REAL friend!

I intend to write out the rules in the next day or two ... so the principles can be picked over. I also have a couple of things to add that could be useful to traders when looking to see where trend is, and what side of it to be trading. I am glad a few of you have been interested to pick through the BS ... and also offer ideas here - I am truly grateful for your insights and questions. Be back tomorrow

That's a really great post, Berzerk - thank you for taking the time to write it. I am certain there is something in there that will make a difference to how I see the markets, and handle them. Particularly I like your way of dealing with the risk of whipsaws, and trading with strength. However ... I gave my reasons for quitting: I am realistic, Berzerk. Even if I won 9 trades out of ten, do you think I would be able to generate the kind of income I planned for 9 years ago? I know that I would not reach a success rate of 90% ... and I am under-capitalised now, having blown two major accounts in my second and third years at this. After that I became more focused and committed to finding out what works and what does not. But the markets have continued to evolve, and I have had to accept that I am simply not suited to be a trader. It's not hard to accept that - the evidence is there ... plainly ... and all the thousands of posts I have made, and the hundreds of thousands more that I read, have not changed my bottom line one teeny bit. The losses roll on. I do not regard myself as short of thinking power - it is something else that I lack. But I am smart enough to know that, and to quit. The retirement I hoped for may not arrive - that's life - but I did give it a decent shake - no one can take that from me. My foolishness was in thinking I could trade and make enough money to replace my day job. I am not/no longer seeking a working strategy - I am no longer committed to "being a trader." And I am certainly not interested in words of pity/condolence etc - we are adults and make adult decisions. This is simply a nice way for me to move on, and probably the thread was an attempt to share another point of view with someone who may have also been at a tipping point, and just maybe something they were able to see here could have made a difference. I don't know. Your post has not been in vain though. As I mentioned, I will consider carefully what you wrote, and see if there is something I overlooked in my 9 year journey. Clearly, I have missed it ... but the question is for me: Can I exploit this art so that it is worth my time and energy. Would it be worth it for me to give up other things in exchange for making a little more from trading than I do? Will it ever be more than gambling? I have had to face those answers - and they are not in the affirmative at this point. What I am going to do now is write a couple of novels - this is a passion for me. Maybe you would like to buy an eBook from me? :missy:

In fact there are many brokers out there with demo/simulators ... why You seem to have an intent to promote this company ... are you connected with management/broker etc? Both of your posts on Traders Laboratory mention this broker. Why is that? Trading the news is a specialist activity - to be advising any trader to use a practice account is commendable. To be advising any trader to avoid news announcements altogether, would be wiser. It is possible to wait until the initial inertia begins to subside, usually after the first 10 to 15 minutes (but who knows?) and then look to enter on the retracement. But for anyone to read what I have just written and understand why/why not and what the other thousand factors are that govern news trading, is impossible and perhaps a little foolhardy. Isn't is better to simply sit it out? News trading is for experienced traders and gamblers.

What is his success rate personally?What is the success rate of his followers? Perhaps we could follow his calls, and forget about learning to trade? Following someone like this might be much a easier way to profit from Forex trading. How are you personally going with Mario, Insidetraderonline? Feel free to post his calls ... but another thread might be more appropriate. Does he advertise elsewhere too? I am in my 10th year trading, and 8 years with Forex, and yes, you are correct: I am still humble enough to learn something new. Feel free to post a link to your new TL thread that addresses Mario's strategy and calls - I will be an interested participant over there.

Bono at TED 2013: Eradicating extreme poverty doesn’t have to be a dream Yep ... keep the dream alive. There are some people living the reality of poverty. Only a brother can help... Bono at TED 2013 | ONE Gotta love real thinkers like Bono ... bless 'im. "The power of the people is so much stronger than the people in power."

Schadenfreude ... of the very best kind! This is now viral! Should he ... shouldn't he ... dammit ... he did!

More bait for the masses ... or ... what the heck is going on here ... ?

There's always something new to pursue ... What are the applications possible here?

... and more ...

If you think you have courage ... spare a thought for the brave soul who filmed this. At the 6 minute mark I thought it was all about done! But at 9 minutes, the water is still rising ... and we are unsure how much further this went. Get your head around this if you can.

Nice article ZDO. I am going to trust again. I am going back to "before" when I believe your posting was all about awakening the brain, with the motive of elevating society through an increasingly thoughtful (and therefore better decision-making) society. I think I am a bit better than the quality of my past few posts, and I think I misunderstood your intent. In order to thrive and reap the richest rewards, one has to trust, be vulnerable, and rely on the reciprocal benefit of passing it forward.

Apologies ZDO - put it down to cold internet interpretation. But you'd admit you were less than generous with my posts on the thread I abandoned. Yes ...mean ... condescending ... ultra-cynical ... exceeding even that of myself perhaps? Yeah ... that did my head in ... easy wasn't it!

Yep - that is a great insight. Worth working on ... and I will.Cheers

Not sure where to post this - we do not have a section for short,funny videos, do we?

Now that's not funny, Mr_Black! Now I AM worried! If we are all losing, then it's because of the TA ... ? Maybe those supply/demand level traders are correct. If so, then your quote: "Technical Analysis is giving you a huge edge" puts the joke on us! That really WOULD be the last words of a trader! "I am currently looking at another approach ... "