mlee

any update from you Guys

What did you want to know?

I mainly use them to trade the cross currencies - spreads are excellent compared to others.

The majors are not as competitive.

I agree with Tmalone, Pesavento and Carney for geometrical methods. (Harmonics work very well imho)

You could also look at Bryce Gilm0re.

In terms of price/time, Car0lyn B0r0den uses Fibs extensively for this. I haven't looked into this though.

In the end, I believe simple is best.

problem is people donot want to work, they donot even want to think,they think ah another Junk, ah there is another stupid, or maybe they feel awkward that they might say anything silly. forget It Guys... let me tell you straight. I'm the biggest ***hole .. this is what Mr. Market told me when I talked to him Last. I think he is still Laughing at me.

Amen to this, my friend!!

People think JUST because they open an account, they can call themselves a trader..... WTF?!?

Stay humble, stay foolish...

- the words of Steve Jobs to a graduating college class

I know this guy apparently he was mentor to the owner of the James16 group, if i remember correctly he's mentioned on the first few pages of the j16 thread over at ff, he teaches s/r outside bars, insidebars etc .... I think one of our members posted a similar course by the same guy in the video section.

I can confirm re: 1 of the mentors of J16.

And someone did post a stock trading course of his using similar concepts... but now he's into forex which is great news for us!

Pure Price Action, unbeatable.

He's running promotional webinars this week for the course, and has some good videos on the blog - i haven't looked in depth yet but will be making time for it!

http://www.f0rexf0rpr0fits.com/blog

Hahaha, you've been busy!! :D

Awesome job my friend, thanks very much, i will check it out! 8-)

Luins38, thanks mate!!

will check it out when the market opens!! ;)

Hi Guys and Girls if any.

 

Really it just comes down to what works for you. Those who claim scalping doesn't work are simply stating what they are unable to achieve. They can't turn a profit through scalping so therefore scalping must not work.....While it maybe true that scalping does not work for the Traders that fit the above profile, it does not mean scalping doesn't work....There are traders out there that do have the capacity to scalp.

 

Scalp trading is one of the most challenging styles of trading to master. It requires unbelievable discipline and trading focus. When scalping WINNING IS CRITICAL!!! Unlike a number of day trading strategies where you can have a win/loss ration of less than 50% and still make money, scalp traders must have a high win/loss ratio. This is due to the fact that losing and winning trades are generally equal in size. The necessity of being right is the primary factor scalp trading is such a challenging method of making money in the market. Most of all scalping is time consuming. You have to spend hours in front of your PC glued to your charts trading all day to make your money.

 

So the question is not about whether scalping works? The question is why would you want to scalp in the first place.... I remember when I first started out in the game of Forex I was attracted to the idea of more free time, then I get into scalping and guess where the free time goes?....Down the time consuming toilet, thats where.

 

The point i am trying to make is... its not about what style works in general, its about what works for you! Trading as most are well aware is not as easy as first thought. It takes time and desire and a absolute s*** load of trial and error, the time it takes to become a consistent profitable trader by the book on average is around 4-5yrs.

 

The more time you invest in yourself the quicker the processes will be. There is much to learn along the path to becoming profitable but you must be willing to do the work....nothing worth achieving is easy and anything easy to achieve is not worth achieving. It won't be handed to you on a plater....You MUST be willing do the work......Your results are a result of the effort and work you have put in.....If you are not achieving the results you desire, then you need to put your head down and your a** up and work harder....If you feel like you have worked as hard as you can and have nothing else to to put in.....Give up!! This game is not for you.

Amen, my friend...

Ain't this the Truth!!

Can anyone please upload this one?

Links have expired.

I think it's the same one that DeadSoul uploaded into this Russian forum but I still can't access it.

http://forexsystems.ru/en/sovetniki/59934-adviser-e-tfl_v2.html?langid=1

Thanks in advance.

This indicator looks very interesting. I's a leading indicator.

Can some one please explain to me how to use it?

From what I can tell, it is showing trade that I have missed, unless it's predicting a repeat pattern. I'm confused.

 

Can someone please explain? It is free for share from the author so I will post the link to his download page.

 

hxxp://www.elementaltrader.com/funnel_events/4199?r=y

Sophisticated harm0nic trading software, a version of it is also used by Der3k Fr3y and also FxGr0undworks. It's based on the Zup indicator.

If you want to learn more, I highly recommend reading the ebooks posted here: http://indo-investasi.com/showthread.php/6406-Derek-Frey-Inner-Circle-Harmonic-Trading-guides?highlight=frey

The statement is impressive, no doubt. :shand: Thanks for sharing, but actually I would be more interested in seeing your trades. I understand it's hard to do when you're trading, but maybe if you could take a pic as soon as you enter and exit and then later you can add why, it would be a blast! LOL ( at least on some trades)

I like your spreadsheet. Fancy sharing it?

Yes, very good looking spreadsheet - please tell us what you're using JJames! :D

This is the updated system from C.ecil R.obles who made @dventfx system, looks similar from the pictures.

Have heard good things about it.

http://www.yourf0rexmentor.com/fxst.html

FYI - Just received this in my email.... haven't watched it yet.

May be of interest for those who play commodities and/or anyone with a keen eye on the Global Macro side of things... virtually everything's connected remember...

http://www.g@[email protected]/webinar/2011/01/13-webinar-replay.php

Copy of important bits in the email:

----------------------------------------

I discuss the major confirmations that the current historic commodity bull market

is potentially coming to an end. If the price patterns and formations which are

currently developing result in sell signals being triggered "simultaneously," the

probability a major shake out will unfold will be greatly enhanced.

Webinar Replay: Multiple Confirmations a Major Turning Point for Commodities is at Hand

Since over 2,400 people registered to see this presentation, I knew there was

a heightened level of anticipation based upon many factors, not the least of which

is the compelling evidence commodity prices could be in for a real shake-out.

I provide detailed explanations of the major proofs for our commodity market

being close to an important turning point. This included:

*

Gann's Time Period Analysis

*

Squaring of Price & Time

*

Price Formation Analysis

*

Over-Balancing of Price and Time

*

And more...

Historically, two of the most over-bought markets on the board are the cotton

and the silver markets. By definition their extreme over-bought conditions make

them outstanding candidates for potential short positions. Another market which

is extremely intriguing is the soybean market.

Hi Freddie, I have no reason to defend Hector. And I agree with you, if he ever start promoting Poulos (or better yet, start promoting Dittman, LOL), I will un-subscribe from his list immediately.

 

......

 

Anyway, still interested if anyone knows more about this "M@cro Million@ire" offered by this chap called John Thom@s. These "Macro" events he mentioned and their impact on financial instruments do seem quite interesting to me. Although I trade only forex, never hurt to read/learn about other investment opportunities.

LMAO re: Poulos :D

I've been signed up to his email list for awhile and he released some very insightful videos in the last few months. eg. Top 3 Fx Trades for 2011, Trading the Bond Collapse, and Where to get rich in 2011 (QE2, fx wars and bond bubble)

Everything is connected these days, and I believe it's important even if you're a technical trader to at least be aware of the Global Macro themes and InterMarket / Fundamental Analysis. He seems very connected in the industry too which is beneficial for us. I like Ashr@f L@idi and J@ck Crooks as well.

I watched the videos awhile ago so don't remember the details but I do recommend them.... Enjoy!!

http://wealthinsideralliance.com/macromillionaire/topcurrencytrades/replay/

http://www.wealthinsideralliance.com/macromillionaire/GreatAmericanBondCrash/

http://wealthinsideralliance.com/macromillionaire/webinarreplay/

Imppossible is Nothing.............

Hey Roels Major,

Where did you get that Quote from please??

I like it!! ;)

..

..

..

..

..

..

..

Impossible is just a big word thrown around by small men who find it easier to live in the world they've been given than to explore the power they have to change it. Impossible is not a fact. It's an opinion. Impossible is not a declaration. It's a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.

I LOVE LOVE the Adidas Youtube vids on this theme... and it's true

Impossible Is Nothing .

Merry Xmas everyone - Eat, Drink and be Merry!! 8-)

Courtesy of [email protected]

PART1

More than just habits actually, these are twenty things that I've

found that all successful traders do, regardless of the market or

timeframes they use.

It's a way of looking at the markets that most people don't (but should).

After talking with over 250 traders these past 12 months, I started

to see recurring themes - patterns if you will - of that they were

all doing no matter what their trading style.

I think you'll pick up a thing or two.

PART 2

More than just habits, numbers 11-20 are about how these traders

think about the markets and the way they look at trades.

Some of them made complete sense, but I hadn't thought of it in

quite that way before. But once you hear it, you realize it's

something you should have been doing all along.

No more excuses - make these your own habits and your road to

profitability will become much shorter and straighter.

http://www.tr@derinterviews.c0m/content/20Habits.php

http://www.tr@derinterviews.c0m/content/20HabitsPart2.php

the tr@derinterviews podcasts are pretty good, short and bite-size pieces! ;) - it's shared here somewhere.

Trading in the Z0ne, as well

I got an email...

He's planning on releasing a "Super Scalper" system soon too on the Daily timeframe believe it or not...

Promo video - http://www.yourforexmentor.c0m/super-scalper-preview/

* change .c0m from 0=o

Fantastic Marinko, thanks!

Some more pro trader videos directly from the bank. ;)

hi Hedgehog,

Do you mean the "Uni of Fx" course?

They had a few webinars on it the last few weeks.

I know Chris was mentored by D3r3k Fr3y way back when, who has a thread in the forum somewhere with some of his PDFs (not the course but still very useful). As far as I know, he doesn't trade exactly the same as D3rek but D3rek also runs his own mentoring course which I think would be pretty similar.

To be honest though, i don't know if it's worth the price..

The major advantage of the site would be the real-time alerts of the patterns but that can also be done manually to a degree... depends on how many pairs vs. timeframes you want to scan + PC processing power.

I'd love to hear of anyone else's experiences as well.

http://indo-investasi.com/showthread.php/6406-Derek-Frey-Inner-Circle-Harmonic-Trading-guides

There's been quite heavy discussion on this with the advent of CFTC regulations, since US Brokers are now required to disclose this data.

Here are some links that I was reading:

http://forexmagnates.com/us-forex-brokers-account-profitability-comparison/

And for Oanda specifically -

http://forexmagnates.com/oandas-high-profitability-numbers-explained-include-interest/

Yes, he wants you to get his intraday course .... but still, this is good information and he was selling it before as someone else mentioned. Plus I'd say most people would never have seen this before eg. Triangulation and maybe money management method.

@flowtrader

hmmm the indicators used to be there on the same page Freddie listed but's he changed it...

i think these are it, not 100% sure though coz I haven't used them yet.

http://[email protected]/wp-content/uploads5478/Indicators.exe

you know what to change ;)

Yup, and free indicators released today too.

Quite amazing that the owner does this!!

Fortunately many of these "old-timers" wrote books that are still available today and they are very much worth the time and effort it takes to read them. Livermore, Wyckoff, Pugh, Schabacher, Dunnigan, etc, are all great reads and, in my opinion, more relevent than most of the indicator-based books and info that passes as trader education today. These men KNEW how to rightly interpret the subtle interplay between price action, volume, and crowd psychology. You are not going to find an indepth and usuable answer on a form. You need to go to the source.

Yup!!

And lots of time drawing/plotting charts etc. by hand.

I would also add that, even for those with charitable spirit who wish to share their success, they cannot, because a lot of their successes are probably from a synergistic mix of knowledge, methods, and skills gained purely from accumulated experience and screen time. And no amount of mentoring or reading other traders' successful systems can transfer that "extra" factor from one person to the next. So what I guess I am saying is, successful traders can give you guidelines, and strategies, but it is the trader him/herself who need to put in the efforts and screen time to gain that "extra" edge in the market to be successful.

Totally agree JoeyTrader, couldn't have said it any better!