Good afternoon everyone, my name is fadfx and I am happy to open my diary here for everyone. I apologize right away for my English, I don't know it, but I'm learning it, I use translator. I will start from the beginning, I'm 25 years old, I've been trading for more than 9 years. But I will be honest, the first 4 years I was looking for a simple and profitable method, just like everyone else, I was constantly changing strategies, Google was full of my queries about what was the most profitable system. Yes, I, like most, came for the easy money. And it took me 4 years to realize there is no such thing as easy money. It took me the next 5 years to find myself, and I'm still continuing to improve. I was able to go full time and live off of trading, and it was a great time that set things right. When I look back and think back on some parts of my trading career, I am shocked. But based on my current experience. It was necessary to become the person I am today. At this point, I have my own view of the market, and it is expressed in the form of a trading system. I only use Japanese candlestick charts and a few lines, patterns, which I developed for myself and which take into account a lot of rules. And I treat psychology of trading very important. I think 90% of my success depends on it. Well, okay, we'll talk about that in this magazine. I don't know if it is possible to put a link to my telegram-channel, where my trades and various thoughts and trades are presented, but that would require a translator, there is also a link to a live diary from another forum, so to speak, for the initial acquaintance (trade2win-trading journals-FaD Trading Diary). Here I will be posting my predictions, results, as well as translating some reflections on the trading I've been doing so far. Thank you all for your attention, and good luck in trading.
Being yourself or fighting with yourself. Hello all, the same FaD is on the line. So, I was resting on a beautiful lake, and a thought came to mind for these lines. People, and what drives them. I tried to think for myself. There are people who like their work, regardless of earnings (of course it is better if it will cover all needs), and those who go to work as a hard labor. The first can still be distinguished in the form of hired labor and self-employment. The latter, alas, except for the need in the form of survival, the closure of basic needs (to eat, dress) nothing else comes to mind. What motivates people? FEAR. Yes, he alone is the stumbling block. But, it is fear that is the trigger: being yourself or fighting with yourself. What does it mean to be myself? I don't know, by nature humans have a weak psyche. It doesn't develop over time. Yes we have a lot of knowledge, which we have invented for ourselves, in which we have developed and are moving on, but all this is hinged on an ancient machine. Let us imagine a 19th century steam engine with computer control, and this is roughly the same situation with our brains. It is an ancient steam engine, which is hinged with all sorts of modern gizmos and attempts to make it all work. Fear, fear of changing the already established rhythm of life, because here you know that tomorrow you will eat your pasta with cheap sausages from the nearest supermarket, but to try marbled beef in the future, but maybe not see pasta any time soon - such thoughts the brain itself rejects. Because of fear. All because of it, and here is this small detail prevents the further development of the self. Ways to solve, are there any? Of course, look at those who daily do all sorts of useful things and move progress in the world. Would they be able to do this if they were afraid of the result? Of course not, progress would not move globally beyond mushroom picking and primitive communication with a tribesman. And again the dependence, the further progress is moved by comrades who have overcome fear, the worse it is for those who are forced to adapt to changing conditions of life. Conditions change, fear of the new, which means more and more people are loaded with depression and other crap. Fear, a thing quite normal, but you don't have to use it everywhere. Is the boss a fool? Yes, you've decided for yourself that he's an asshole, but if you dig deep down inside, you just have a critical mass of disagreement with the current processes, and maybe you have some ideas to make those processes easier. And you'd love to offer, but? You're afraid of the backlash to your innovations, you're afraid of the reaction, you might get sent off with a ridiculous severance package, or you might move up the career ladder. And you're scared, that's all. The instinct of self-preservation is laced with fear, but not in the proportion that it should be, but many times beyond what is reasonable. So why can't people become traders? Fear, for what's building up in your soul (superior above). Now you have to clean up the crap that has accumulated, because you can somehow deal with your boss. Shift responsibility, he's the shithead, not the fool. At the beginning of trading there is an opportunity to shift the responsibility on someone, like the market has changed, the broker did not let open, the button is stuck, the quotes are drawn. But the farther you go, the stronger the realization hits you - you're just a sucker who can't fight himself. And then it's up to you to choose, to be yourself (a kind of middle class) or to fight with yourself? The choice is yours, I help as much as I can in training and listen to all kinds of shit in private, but nevertheless, all responsibility lies on your cuckoo, and there my authority all. Hope the read was helpful, as always FaD was with you. See you soon!!! P.S. the main thing is to admit it to yourself in time, and the case will go, or keep indulging yourself illusions
Full-time trading Yes, yes, that's right, the limit of a trader's dreams. A lot of snot, TS, lost depo, time period of stable profitable trading. Anyway, my boss told me to fuck off, I'm a free bird now. How to approach this correctly so as not to screw up and go back to slavery. Shekels, yes, they solve everything, the more of them, the better the condition of your nerve cells. At a time when you have already achieved some stability, immediately think about the future. About the pillow, just not orthopedic, because if you have an amount equal to at least a year's salary, you can sleep peacefully even on the rocks. Deposit, say, with 500-1000 dollars you can pick up sedatives and make an appointment with a therapist. Don't even think about working full-time with that amount. This is pure enthusiasm, and you are likely a descendant of kamikaze ideologues. It has been established by experience that a deposit of $10,000 is exactly the amount that allows you to have a quiet cup of coffee in the morning before trading, rather than frantically clicking and checking positions. Now in my head all calculated: so, the annual salary + deposit is about $20k, can not be. Well, then I suggest that you put away the rose-colored glasses and look at the real world of trading: what did you come here for? Your 5/2 job is good for drying bread, just like living on a washing machine loan and paying the mortgage to death. Dry off, move on with your life. Now for the reality. Trading is real hell, and the fact that you've started to understand something here is already cool. But it's just the beginning of the journey. Your success in trading is not a system, alas, again a personal view of it all: We bring a bunch of people together, give them a system and support for everything, in some places even change their crying T-shirts, because we act not only as a kind of consultant, but as someone you can trust with your thoughts on life in general. How many people do you think can assimilate the information they already have? Not many. Literally 2%, the rest don't care because there are more important things to do than the path of their future life, well, or they think they are smarter than everyone else (funny). Already went the dropout, at this stage, at the simplest level, it can be called a pattern correction, because in fact, this is a training pattern for future trading. "If there are conditions that do not contradict this and that, then the deal is concluded" - this is the approximate scheme of actions. And this is the only step that several people go through. It increases the chances of success, but then your cuckoo goes on, if by that point things haven't gotten very far. Then you have to negotiate, you are trapped, your system can give you a profit that will blow your mind, and believe me, this thing is much scarier than losing your deposit. Basically, train mm and rm, don't look up into the clouds with the idea of scratching the heels of Zeus. The first is to save, earning is secondary. So, back to our $20k, is that figure that scary? It's not that scary. Do you have a deposit of $100? Well, in 2-3 years of systematic work you can earn a safety cushion with your knowledge and compound interest. I won't spell it out, I'll just say that it's quite realistic. How long? Wait 2-3 years? Cheshy on the bus, which will take you to your favorite job, there in 15-25 years you will retire, just a little bit to wait. So, time has passed, you work on yourself, on your approach, you don't care about the deals, one of your deals brings in at least half your salary a month and you can live. What to do? Something has to be done, from constantly sitting at charts you are a natural fart, well, or you are a fanatic like me, although I am a little tired after years of piling up daily charts, so I limit myself a little. Make time, download a game, read a book, go to the gym or the pool, you need variety. But this is where the adaptation of your system and a keen sense of the market comes into play. For example, looking at charts every 4 hours or something like that. For example, I might look at the charts and give up for the next few hours, thank God the move has already started, so I'm late to the carnival. But at the same time, I know that 80% of the time, if I sit at the charts for 2 hours, it will be my trading situation. Full-time work is not a magic pill that solves your problems, it is only one of the intermediate stages in your future, and one of the first, where your boss does not decide for you, and the accounting department does not deduct into the pension fund. Therefore, the future of his old age you have to think for yourself, if you have $ 10k in the account, and you have signed a contract with the cuckoo, the 50-100k $ is not far off. And there you can already think where to move further. Stocks, yes, my opinion, if you have shekels (100k$), you can move there, but if you couldn't in BO or Forex, and you move there - just accept the fact that you are a sucker. The charts are the same everywhere, so your IQ will stay at the same level, switching from EURUSD to MSFT won't affect it in any way. So in stocks it's more complicated(no). There we look at long-term and stable tickers, the only advice is to add dividend assets to your portfolio, so you can sleep better. Also look at possible movements in your system. Take a couple of % and be happy, because it's your pension, the stock gave +5% in a week, everything is cool. There are other options, where to invest shekels for the long term, maybe you will get bored, you will remember your long-time dream and try your hand in business, also an option. And you can take apartments in bulk, and you will have a passive rent, you can hire an Indian, who will solve all your apartment problems, while you're catching a squirrel in the Siberian forest. When you have shekels, you will find a use for them, don't doubt it. Thank you all for reading, your FaD!
https://www.trade2win.com/threads/fad-trading-diary.240385/post-3228309 The link has a forecast, and today I closed that trade with R4.5 without waiting for take profit, 30 pips means nothing.
https://t.me/mslfad Hi all! I brought you some of my thoughts for the weekend regarding trading, but you will need a translator. I hope you will find some good ideas for yourselves. I would like to get your feedback or subjects for new articles
Timeframes Good afternoon. Right on topic, timeframes, for convenience further in the text will be familiar to you and us TF. This is a kind of a set of recommendations that will help you improve the results of trading, maybe (well, 0.5% for sure, because the other 99.5% are looking for the grail). So, the TF is a very interesting thing, and a lot depends on it. A couple of years ago I came up with a genius idea: the sum does not change if you rearrange the summands. Then why not try using non-standard TFs? Not just m5/15/30, H1 and H4. But anything that fits between the standard MT4 timeframes. It's interesting, isn't it? So I gave it a try. Since then, to me, the standard TFs and those who only use them are cavemen. I chose the TF by logic, because in fact, if I have a smart terminal, I can choose absolutely any TF. Say, not M30, but M32, mmm, what do you think? That's cool, but for me it makes more sense to put the lower non-standard TFs into higher ones. For example, three M5 candles - one M15, two M15 candles - one 30, 4 on M15 - H1. Here, and this is the logic I used. Let's assume that H1 is 60 minutes, so we find all the numbers that are multiples of 60. And we get M1-2-3-4-5-6-10-12-15-20-30. I think that with M1(3)-5-15-30 is not even worth comparing. And so in all TF, up to the annual. Let's say you observe D1, W1 and MN, and I can't imagine my trading without D1-2-3-4-5-6, W1-2-3-4. For MN this is interesting as well. We take a year, 12 months and divide it. We get MN1-2-3-4-6. What does this give and what is the point. It's very simple: room for observation, finding things hidden from normal eyes, and lots of extra signals. Yes, my system is poor in signals, and fully confirms the rule that 85-95% of its movement the market is sideways, regardless of the TF, and therefore the system cannot give signals too often, because it is designed for movement after uncertainty (sideways). Plus we will add to this the rules that I have developed and continue to develop. The rules will polish the patterns like a monument is polished to a perfectly smooth surface (a monument to the future economic development of the post-Soviet world, heh). At this stage, it is good if 0.5% of the patterns are taken for future work. It turns out that the signals are not enough, we need something to compensate for them, and non-standard TFs are the best solution. As for the serviceability, believe me, the charts on m30 and m32 are exactly the same, except for the numbers. Everything works perfectly. I can give examples for a long time, just click on the diary, somewhere I show the real reason (for example, the last closed position of AUDUSD and TF D6) I show it directly. There are a lot of examples of non-standard TFs in the training program, and everyone will confirm that there is no difference. Here is a little laifhack and such not insignificant considerations. Next, we consider the degree of achievement and accuracy. Yes, everyone on the Internet says that move to older timeframes and you'll be happy. I agree, the older the timeframe, the more rules of the trading system I can neglect, and the result will not change. Say, I cannot advise beginners to use M1 chart, it really requires jewelry work and very fast decision making. Sometimes even 1 point difference can be a decisive factor for me not to apply this pattern. For beginners I would advise to start with M15 and look at the lower ones, trying to gain experience. In conclusion: add non-standard TFs, forget about MT4 and switch to MT5, or find another terminal with the ability to add non-standard TFs. I've introduced it to all my friends, no one has any complaints, only positive feedbacks. If you have any questions about MT5 settings, please contact me in private or in chat (there is a link in my diary).
The addition to the post above, which I had forgotten a little, but the chatterbox reminded me of. Non-standard TF is good, but here's another tip: different opening of the day. For the timeframe before H1 it's senseless, but by switching the day opening you can see that the conditional curve successfully exists on the same timeframe, but in the +2 time zone. Example above, a chart of NZDJPY D5, with time zone UTC+2, change a little to UTC+0 and voila, quite an attractive pattern on my trading system with excellent working out. And the logic is, D5 that is 24 * 5 = 120 hours for the formation of the candle, but nevertheless 2 hours played a role, as in soccer, the extra time can dramatically change the situation. Somehow)