Wow, lots of egos have surely hijacked this person's journal.
You guys are really projecting when you threaten to withhold
your "help" if the OP doesn't reform to your ways. This is his
process, and there is nothing you can do to prevent it. His
reflection from the inside out is more valuable than
any significant advice you think you are giving. You're just
harping, not instructing in any meaningful way whatsoever.
Work on yourselves; more needs to be done on that front than
what you imagine you can do for another. If anything, share
the example of reflection by working on yourself instead of all
the self-aggrandizement. It would go further.
And to you Up, about this post -- take what you need and leave
The power of crowds is pathetic.
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I have to say, I am a little offended by your post.
In fact, Up asked me for some specific clarification, particulaarily why he perceived I personally havnt shared as much with him as others have shared with me. Truth is, I dont have anything more to add. He has it all. There is nothng to withhold. Perhaps I wasnt clear in my explanation.
If I see someone walking into dangerous situation, I will do my best to warn him of that danger. If he choses to ignore my warninng and is injured as a result, I am not responsible. I warned him.
But we arent talking life or death here. We are talking about trading, and how to become a successful trader. There is series of steps to accomplish this, although there is plenty of room for individual variation.
1.Proven definable, repeatable strategy for your chosen market. ( Instrument, temperment, entires, exits)
4. Method(s) for coping with the Phsychological side of trading.
All sucessful traders have these written down. Or commited to memory. Or tatooed on themselves. Nothng they do is left up to chance. they define every aspect of trading that can be defined and controlled, because there is one thing they cannot control...
Up doesnt sound like he has this. Thats a huge disadvantage for him. Because the people he is trading against all have it. They are the best traders in the world. And they have millions of dollars of equipement and software and capital behind them. More like billions. And their sole mission in life is to take money from his pocket, and put it into theirs. And that pisses me off.
But if he insists on giving it to them so easily, well, i warned him.
Frankly, I was giving Up the very best I possibly can. i dindt post out of ego, but because I would like to see him succeed as a trader.
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Here are a few ideas to maybe help with your use of MACD, Upupandaway.
These are a few things I've come across from other forex systems (MT4) and some instructor's ideas from another site. These are just some ideas on helping to use MACD for some entries so please don't take this as a full system nor do I have time or credentials to mentor or teach as I'm on my own journey with a long way to go too.. I would recommend Al Brook's book(s) at least for learning about and getting a feel for PA as I think it helps confirm and support use of indicators in some ways.
update: took a small scalp later this evening. Using the same entry ideas /w MACD. I just went for a scalp, but turned out it was
a massive 80+ cent move on CL; who knew!? At least the entry was in position...
Last edited by Cloudy; June 28th, 2012 at 11:22 PM.
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I know what I was thinking, which is that it was rude and arrogant of you.
But the reason I didn't say anything earlier was because I know that no one can help you anymore --- where you are right now --- you simply HAVE to blow up your account, and maybe several more accounts --- there is simply no other way. And you do not believe anything anyone else is saying right now, you don't think anyone is offering any advice that is actually helpful, it all seems like riddles and useless information.
This is all perfectly normal, and all experienced traders went through it at one point.
I've seen it a lot of times (people blow up their accounts, and ignore good advice). I try to give a bit of advice because I want to help, but then when it is clear the person is not listening -- I just move on and let them go on and do their thing.
All experienced traders can recall back to the time when they ignored great advice because they simply weren't ready to listen to it, or understand it.
Hopefully in a few years, if you are still trading, you will have a better understanding that the posts written here were simply trying to help you. In summary: You are focused on how much you can earn, when you should be focused on how much you can lose.
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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