Hi everyone.not a new trader but very unsuccessful in forex for about 4 yrs.The only help 1 can offer is about a thousand things on how not to do it.Am hoping that can change by listening to others who have had success.Goal use to be to be able to do this for a living,but have become discouraged thru the past few yrs.Any way glad to find you folks.
I have been interested in trading for many years specifically stocks and options and did some trading in my retirement
account.I have read many books and articles.I decided to find out what futures trading was about and I have become totally immersed. This website seems like a goldmine and I'm enjoying exploring it.
I am a newbie on the trading scene, there are soooo much to learn on this forum! Thanks Mike to create this forum.
I am not a day trader, not yet at this moment. I am still holding a day job, but my dream is to be a consistent profitable trader so that one day I don't rely on my day job.
Anyway, I am so happy to be part of this trading group and eager to learn as much as I can. Eventually, I would love to make some sort of contribution from my knowledge.
Hi everyone. I am a C# programmer as a profession who likes to try to write automated trading systems in my spare time. None of which seem any better than the other.
I think most technical indicators are equal. TA just leads to less over betting; and less decision points. Green is up; Red is down. I find pivot points the most useful. Redraw Trigger by different moving average crossovers and targets spaced out using ATRs. I believe in averaging in and buying into loosing positions. Position Sizing. Kelly Criterion. And Hurst Exponents. I use ATRs rather than assuming a Fibonacci extension or retracement. If the market is behaving with fibs; it will be reflected in the Average True Range. A monkey can make money if the market is trending. I'd like to be that monkey.
I have read over 20 pop-TA books. And am done with that education. Green is up; Red is down. And hindsight charts always look great!