patriotstef

Hello all, I thank you much for letting me join this site... I'm going to try to be as non-chalant as possible here.... I started trading forex back in 2008. When hedging was permitted, I seemed to be doing somewhat ok, until a massive move in December of that year made the market skyrocket upwards... I had sell trades going and I almost lost everything I made. Ever since that time, I have been trying to figure out what exactly is going to make me decent money on the currency market - or any other market for that matter. I have now read 200+ articles, 1000+ indicators, numerous EAs, dozens of .pdfs and a few chatroom visits. Guess what? All of it proved to be just a valuable as me flipping a coin to enable me to decide whether to buy or sell. Everyone talks about "price action" being the key to succeeding, but no one can really explain to me what that truly is. Candle patterns? Ok, big deal, they don't prove anything since the market has shown us repeatedly that they can be false indications no matter how obvious it may seem for up or down moves. Price action is "the market moving"? Ok, so what? I can see that it's moving, but how do I know where it's going to go in one hour from now? That's the only way to make money - to know what is going to happen next. Otherwise, the markets are just glorified craps tables the likes of Las Vegas. I know of no one who makes a living gambling... interestingly enough, I also no of no one who makes a living trading the market where they just tell you what they're doing to make money - forex is a zero-sum market... money in one pair of hands is money out of someone else's. Do you really think they're going to just "give out info" on how to do what they're doing without shooting themselves in the foot? I don't think so. I gave up the markets months ago, but my brother got me back into it with Tom Williams' volume spread analysis. That so far has come the closest to knowing what will happen next. I also was introduced to the MFI Bill Williams indicator where I can see if professionals, the public, no interest, or a draw takes place in making the market move. But I'm still clueless as to how to make volume spread analysis work - I already have Tom's book "mastering the markets", but the book is so loaded with upper-level-market-terminology jibberish that I can't understand half of what he's talking about. That's the thing about most teachers, THEY might understand what they're saying, but the student certainly doesn't! I'm basically here on forums like this to give the markets ONE FINAL LAST ATTEMPT to show me if it's possible to make any real money on a consistent basis starting with a very low balance on a bucket shop before I forever abandon the whole "make money on the market" notion vowing never to return. I do see some validity trading the daily EUR/USD using volume spread analysis where the volume is high and the candle spread/range is low/high, but I'm still not clear on how to read it - especially combining it with the MFI indicator and where the support-resistance lines truly are at and how far back to go to see them. By the way, it doesn't have to be volume spread analysis... what I'm really looking for is anything that indicates what the big shots running the market are getting ready to do and when - then I just go along with them. That will make money consistently - but how do you find out this information? Technical analysis is nonsense since math is not what moves the markets - people do... and people can do anything when they want and where they want on the charts. Bottom line is this, I'm finished with hearing any further data regarding the following: MAs or any lagging indicator, "price action", any more books or articles that teach variations of the aforementioned, this person's strategy for only $XXX.99, "just keep at it and study those charts! It takes years!" (yeah, and I'm no better off than when I started years ago), trade the news, "I've blown several accounts before I figured out what to do - but I'm not going to tell you how it's done"... and all else that goes in this direction. Is there ANYTHING that I can learn that has absolutely NOTHING to do with everything I've mentioned here regarding how to trade? I'm down to my last two limbs with this whole market scenario before I permenantly call it quits. I do thank you all and I mean no offense to anyone if anything I've said here is deemed derogatory. I am grateful and honored to be amongst professionals like you! PS