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TheHardWorkingGuy

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Everything posted by TheHardWorkingGuy

  1. TheHardWorkingGuy
    Learning never ends. It is forever - as long as we still live. Aden To your trading success.
  2. TheHardWorkingGuy
    How can day trading be dead when we still have a lot of hypes about 'getting rich quickly'. There is more news about trading now than there was 4 - 10 years ago. The 'HF Traders still need ignorant people trading so they can scoop up all the funds. Trading is largely zero sum. It remains speculative and some loosers have to contribute to the pool of funds in which the winners will make their profits from. Negatively programmed machines have now been coded to consume all available pips. More work is been done by computers than are being done by humans. The 'extra digits' came more into life when these machine trading had to exploit the markets all the more. Truth is that day trading can never die cause the market still produces liquidity enough for both scalpers and swing traders. If you know the game, you won't mind any mishaps and you will focus on how to maximize or at best maintain your gains. If even you want to use computer robot trading, there are clean ways by which that can be done. I go for the clean way and don't mind the mess. To your trading success. Aden
  3. TheHardWorkingGuy
    Knowledge is Power they say but Power is the ability to bring Knowledge into physical reality. Maxr made a very good comment. Well as a newbie in forex, if you're really going to last your lifetime years, the most important thing is to start building your trading principles. The learning curve is a must but realistically speaking, it is not a difficult one, it can be quite easy if you meet an honest trader; he will guide you through all you need to know. Whether you use your own learnt principles or you stick to someone's else's..., be sure to master it and use it well to your advantage. My interest in this forum is to see how I can honestly help people trade online forex better - at least as many that will believe there can be a difference in the way things have been done all these 'centuries'. Again, knowledge is Power but Power is the ability to bring Knowledge into physical reality. You can turn all your knowledge into trade profit returns. To your trading success. Aden
  4. TheHardWorkingGuy
    It is certain that volume action always precede price action. Volume itself is so much significant and in my own viewing, I will say it is the real price. Whether there will be price movement or not, there must first be a mover, the backbone of any transaction being made, that's the power of Volume at work. So, if you want to enjoy the smooth ride of the trend, you may need watch the magnitude of the volume. That is usually the push behind price actions. It is also true that if volume soars, then price is likely to soar and if volume falls, price is likely to fall. This is not 100% the case anyway, it is only a guiding rule. Specific actions must be taken to monitor the current trend. Is Volume trading most likely suitable for scalping trades? I suppose it should be better suitable for swing trading as it should be easier to spot a good trend when there is a price rally for some few days and this may be best seen on larger timeframes. In shorter time frames when there is likely to be a trend exhaustion, there is most likely going to be a snap in volume - a sharp drop in volume magnitudes. When this happens, that is a likely signal that price may presently be changing directions. These days, we experience higher Volumes than previous years. That is to help see that Volume is the real price as it reveals the actual market volatility levels which can also strongly determine global economic conditions. Master your volume indicators and compare with price actions. Changes in volume determines changes in price. (URL removed for now) To your trading success. Aden
  5. TheHardWorkingGuy
    Rubber band? That means elasticity! And if so, then there must be some good price variation being measured there. If variation is been measured, then most probably, this indicator is based on standard deviation which is a good monitor for volatility, If that is so, with increase in volatility, the band is expected to widen or expand and then tilt at an angle with a set price direction. To get the best of it, I suppose the trend must be understudied and this indicator should be suitable for a long term trend following action or perhaps a long distant price movement observable on higher timeframes. So lines should cross appropriately when there will be enough volatility backing it up. (Moderator: Sorry removed promotional URL for now -- need more history and contributions first) To your trading success. Aden
  6. TheHardWorkingGuy
    Trading Psychology? Philosophy of loosing? Mind make ups? Managing fears and Greed? Well, all those are really good. In my own opinion, the battle is really against the greed of others. Forex as a market is predominantly ruled and fueled by the greed of those who have the 'thick' financial power and even when you try to stick out of the 'nonsense' because you want to do things rightly, you're still a potential target been monitored from an external source. You wish to maximize your potentials and your personal greed is therefore not what you should watch against. I see what matters most is to stick to a set of proven rules and obey them as that will be your control. If you are to purely remove greed out of forex trading, then volatility will be at least reasonable and the market will be again normal. You can trade with your eyes closed. That will be good but it must start with the 'super big guys'. If I were to add, when did we start seeing three and five digit currency pairs? Where they not at most two and four? The extra digits were created by some people's greed so as to gain upper hand with artbitraging latencies. That's an anomaly not created by simple traders like you and me. I suppose a great greed was involved somewhere. Just do what you know you should do and follow a good system you have been well aquainted to. Take time to master your trades and focus on believing what you do. You will end up at least averaging out and make reasonable returns. (Moderator: Sorry, removed promotional URL) To your trading success. Aden
  7. TheHardWorkingGuy
    If you have made it that far, pull back a bit. Try to detach yourself as much as possible from the anxiety being generated already by going over your methods, get them really documented such that virtually anyone can follow your methods and do the same thing you have been doing. If it is possible, translate your methods into codes and begin to see if it will work out as before. It doesn't have to be a robot, simply codes that will signal to you that the same strategy of yours as done manually is being generated automatically. Compare both automatic with the manual and start to proceed from there. If you succeed better than before, then you will give yourself the necessary confidence you need to borrow more money or even raise a credit. By this, you will have the self 'push'. To your trading success, Aden.
  8. TheHardWorkingGuy

    Hi everyone,

     

    I'm new to this forum as you may know but I think I may have a free trading offer for all who cares to take a look.

     

    It should interest you to see the page below:

     

    http://www.thehardworkingguy.com

     

    To your trading success,

     

    Aden

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