I live in Nth.Qld, Australia. I trade the ASX mostly.
I have traded a few years as additional income. My trading education has been an experience to say the least.
I am interested in volume spread analysis (VSA), and reading charts by price bars and volume.
Its interesting as you go through the learning curve(which never stops), the different concepts that traders utilise to trade.
So I am here to observe, and learn. I utilise elliott and Fibonacci.
Have read Bob Miners book and Fibonacci trading. Have read Elders books as well.
I certainly admire some of the USA traders concepts.
Afternoon all, nice sunny day here in UK, not that it matters too much to me as I am inside a lot of the time. Just starting a degree in maths and economics and hope one day to be a very wealthy guy that can set up funds to help the disadvantaged, the environment and wildlife preservation. All the best LK
I'm from the Netherlands and said goodby to most dutch forums because of all the nonsense and non-trading related issues. Read some threads here and sense people here are serious.
Studied Econometrics and Finance and worked for 2 years, but found out I'm not the corperate type of guy. With the money I saved from the working I am now trying to really learn how to trade. Still in the sim mode and my primary focus now is to get "a feel" of the priceaction just by watching every tick (6E) and record observations of priceaction, marketstructure, which setups work most of the times and why(and when not), and my emotional responses to the sim trades. At the moment of typing hovering on BE / profitable ( but on sim not real money yet)
Read a lot of books but think the best stuff ever encountered is Lance Beggs and Brooks, hardcore price action. Hope to enjoy and learn from the traders on this forum!
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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I too trade e-minis (wish I didn't!). Depending on your style of trading, perhaps CL is better. I don't have enough money for CL myself but an ETF is affordable and I am thinking of practice trading the 1/2 CL contract. I'll have to check the volumes.
All the best on your trading - even if it's only 2-3% that succeed - as long as you don't do what the 98% do you have a fighting chance!
Just started reading "rule the freaking markets" or "how I turned $33,000 into $7million in 15 mos and how you can too" - hoping its a good read (cp 2002).
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