Hello folks!
Now that I'm back in civilization, this comes as promised to many who asked via pm and elsewhere: the uber-duper astrology, crystal ball-ish voodoo chartists' planetary motion-based , starry-night-on-the-beach way of making lots and lots of money . After trading some very large lot sizes for friends during the past weeks (and trading live myself for nearly a year), I think I've gained enough confidence to come out here and actually talk about this thing, which is really nothing new as everything I write here has been tried before, except perhaps with the wrong understanding of how this "combination" can be applied.
This is going to be a very short series of articles on mathematical/probabilistic reasoning, market psychology and other means by which I judge the positioning of the currency pairs, as well as other markets like S&P futures..etc. I have traded virtually since back in college, when my comp.science/engineering/geek colleagues and I discovered the wonderful market that the liquidity-thirsty players have let us into. It is a paradise, is it not? You make a trade, and the market gives you a 1:1 chance of making money using hundreds of times the cash you have in the bank. But how much it will move, and for how long, you do not know...cue hundreds of trading books and schools..etc.
By the first few months I had completely exhausted the indicatoroctisis that everybody goes through, and soon (being a software guy by trade) understood the shortcomings of programmatic trading in a market where randomness is key. Every day in the global economy is different, the combination of conditions is infinite, and those who do make some money off a market "hole" will never really get rich.
After much losing and winning and hair pulling, me and my friends split, one half went and did a martingale type thing (which has doubled their money but which cannot be compounded; i.e stuck with around $10000 a year max in profits) and I went and did my own little bit of thinking with the others (who pulled out). I will not talk about my profits or post trades here for now, but praise God, I've done pretty well especially during the past 3 months, over hundreds of trades, meaning that there is a clearly consistent methodology at work.
Below, we will have one essay on probability, another on psychos and maybe another on how to use other things as well in our discretionary reasoning. Most of our trades will be for large pips, usually double the daily range of the pair at hand. We shall not scalp or shoot for 10 pips, for that is the work of the dirty little rats that roam the forex tunnels. The sewage off the investment factories gets dumped on them always, and they are forever despised. Also, we will always take into acount the general direction of the market on the same timeframe that we trade (H4 usually), because the trend, ladies and jelly-babies, is your most beautiful of friends.
Hope you guys enjoy it, and learn how to trade with this info over a long period to see for yourself the difficulties and rewards. I expect to learn from you as well, because all the little tricks of the market I read here on this great forum. Now get some coffee please. Discipline is great, and intelligence is king. Here we go.
Now that I'm back in civilization, this comes as promised to many who asked via pm and elsewhere: the uber-duper astrology, crystal ball-ish voodoo chartists' planetary motion-based , starry-night-on-the-beach way of making lots and lots of money . After trading some very large lot sizes for friends during the past weeks (and trading live myself for nearly a year), I think I've gained enough confidence to come out here and actually talk about this thing, which is really nothing new as everything I write here has been tried before, except perhaps with the wrong understanding of how this "combination" can be applied.
This is going to be a very short series of articles on mathematical/probabilistic reasoning, market psychology and other means by which I judge the positioning of the currency pairs, as well as other markets like S&P futures..etc. I have traded virtually since back in college, when my comp.science/engineering/geek colleagues and I discovered the wonderful market that the liquidity-thirsty players have let us into. It is a paradise, is it not? You make a trade, and the market gives you a 1:1 chance of making money using hundreds of times the cash you have in the bank. But how much it will move, and for how long, you do not know...cue hundreds of trading books and schools..etc.
By the first few months I had completely exhausted the indicatoroctisis that everybody goes through, and soon (being a software guy by trade) understood the shortcomings of programmatic trading in a market where randomness is key. Every day in the global economy is different, the combination of conditions is infinite, and those who do make some money off a market "hole" will never really get rich.
After much losing and winning and hair pulling, me and my friends split, one half went and did a martingale type thing (which has doubled their money but which cannot be compounded; i.e stuck with around $10000 a year max in profits) and I went and did my own little bit of thinking with the others (who pulled out). I will not talk about my profits or post trades here for now, but praise God, I've done pretty well especially during the past 3 months, over hundreds of trades, meaning that there is a clearly consistent methodology at work.
Below, we will have one essay on probability, another on psychos and maybe another on how to use other things as well in our discretionary reasoning. Most of our trades will be for large pips, usually double the daily range of the pair at hand. We shall not scalp or shoot for 10 pips, for that is the work of the dirty little rats that roam the forex tunnels. The sewage off the investment factories gets dumped on them always, and they are forever despised. Also, we will always take into acount the general direction of the market on the same timeframe that we trade (H4 usually), because the trend, ladies and jelly-babies, is your most beautiful of friends.
Hope you guys enjoy it, and learn how to trade with this info over a long period to see for yourself the difficulties and rewards. I expect to learn from you as well, because all the little tricks of the market I read here on this great forum. Now get some coffee please. Discipline is great, and intelligence is king. Here we go.
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea