Hi MK, As per our private discussions in the US Daytraders social forum, we always start at the highest timeframe, as, we now know that The Generals operate from these timeframes, and, it is The Generals that we are interested in, not the piddly p.i.s.s. retail traders that are of no real significance. So, as per another good discussion we had, and if you remember what the GOOD FX trader said about the charts, it is very easy to see what way the price is heading, and if we know what way it is heading, then, we can get ready for when it reaches IMPORTANT levels. There are a few KEY things that a savvy trader needs to know about in order to determine the lowest risk trades, for, the inverse of LOW RISK is HIGH PROFIT, but, as we all know, most do the opposite, and place high risk trades, but, the inverse of HIGH RISK is LOW PROFIT This said, what is ONE (1) of the KEY things that we MUST now understand and learn? TE
ST, if you are directing this post at The Expert, thank you for the kind offer, but, The Expert does not need the assistance of any person or organisation in order to make GOOD money, for, The Expert has discovered the B&E trading approach, which, can make more than the required amount of money at any time, but, as with all things in life, it is wise to keep the balance correct, for, it is very easy to flip flop and ruin everything in a short space of time:eek: TE
You got some ego and some attitude ... hence most likely you're full of ..it. No loss for any forum if you go away ... "expert" ...
Hi JS, Some valid and not so valid points. 1. Live trading small size is a must at first = experience 2. Studying RTA (Regular TA) is a TOTAL WASTE of time 3. A wise man learn from the mistakes of others, not his own TE
I will reply, as your nick warrants it, for, you are indeed a little mickey man What aspiring traders NEED to do, is learn the ability to quickly tell the idiots from those who posses actual trading knowledge, which, is only gained from experience in the markets. Idiots and Fools will always strike out when they do not understand, for this is human nature, and, it shows just how stupid and ignorant the majority are, hence, the majority will always lose in the trading game For those who are SMART enough to see the difference, well, half the battle is already won, and, for the likes of the little mickey men, well, lets just say that they will always be little mickey men
Is it not amazing how those with low intelligence clearly state what they actually know, for, just look at this 1. themickey 2. munnyhunney what a bunch of tulips, really TE
OK, I will jump ahead as it is required. What I have clearly stated is that if one goes down the track of studying all the TA indicators derived from math formulas, then, one might just find out that one is going to waste a lot of time. That time, can and SHOULD be spent on doing what IS REQUIRED to do in order to make money trading. Time = Money I have seen charts with so many stupid squiggly lines on them, I thought I was judging a children's coloring competition The price of a stock (and for the purpose of clarity, and profits, we will now assume that all of our discussions are in relation to US Stocks, not Index Futures, Commodities, FX, bla, bla, bla,) moves for several reasons, but, the main reasons have ABSOLUTELY nothing to do with squiggly lines on a chart Come on, we are not reading Alice in Wonderland, we are in the hard and fast world of gambling, and, if you are not up to it, then YOU WILL get relieved of your money by those who know what they are doing Listen to the idiots and fools all you like, but, know that they will never have any effect on how and why a stock price moves as it does, but, a small few of us know exactly how to read the markets correctly, and as such, we are in a position to enlighten those who are willing and able, but, as mentioned, you MUST learn the ability to quickly distinguish between those who know and those who do not know, aka, idiots TE
In order to make GOOD money trading, YOU must learn what PATIENCE really means, and it is not people lying in Hospital beds TE
As we wait for some answers to one of the KEY things, let us now move on quickly, as it is obvious that some of the PATIENTS are eager to get home quickly To make GOOD money trading, what do YOU think we should be looking for, and why? Please think before you reply, as, The Expert will be asking you for valid and logical reasons to support your answer/s TE