Thread: From Rookie to Full time Forex trader

Update update update!
I was correct about the retracement however I didn't wish to get into a trade since the market isn't actually moving that much because of the holidays.
Instead I'll be working on expanding my knowledge base so that I will tell you what I am learning about today.
Currently I am learning about the ABCD pattern as well as the Fibonacci extensions. As you noticed I've been using the retracements although not the extensions.

I am attempting to reach a point where I will use numerous ways of specialized analysis like support and resistance, ABCD pattern, chart reading fundamentals and Fibonacci retracements and extensions to separate the high probability trades from the very low probability ones so that I can choose my trading and be much better and more profitable in it.

If I find any wonderful public information concerning the things I am learning about I shall post this in the primary post.

If you have any queries don't hesitate to let me know! Don't be bashful!


Thank you for reading!

A little upgrade!
I am still going, I have a new egy and a mentor.
I am now trading which egy so I have changed the date of this commerce explorer to when I began this egy.
The former egy had small profits.

Anyhow
That is about it.
Not giving up!

Have a Fantastic day!

Allow me to know if you guys have any queries!

New egy work on eur/usd only ? Can you explain a bit.

Originally Posted by ;

new egy work on eur/usd only ? Can you explain a little.

It is a egy that unites bollinger bands with engulfing candles using a high reward to reduced risk.
Additionally, it works on additional pairs but currently only trading it on this one until I can find some things sorted out so I can calculate things somewhat simpler.

Here's a picture to explain a bit more:


I am seeking to improve on that by the way and I already have ideas about how to achieve that.


Thanks

Great thread. Thoughts are presented nicely and so are good.

Originally Posted by ;

nice thread. Thoughts are presented and are good.

Not many updates though because advancement is slow hehe.

Originally Posted by ;

quote Few updates though because advancement is slow hehe.

Liked the debut into the thread.
You ought to be thinking slow and steady wins the race.

Originally Posted by ;

quote enjoyed the debut to the ribbon. You ought to be thinking slow and steady wins the race.

I understand everybody wants the outcomes and they want it today. But that is not how it works.
If I rush matters I will make mistakes and errors are not good.

I would rather take it slow and get it done right than go quickly and lose my money hehe.

Originally Posted by ;

A little update! I am still moving, I have a new egy and a mentor. I am now trading which egy so I have altered the date of this trade explorer to when I started that egy. The former egy had small profits. That's about it. Not giving up! Have a fantastic day! Let me know if you guys have some queries!

How are you going to come into my thread onto your high horse giving me advice whenever you have a mentor along with your past egy had small profits you are a phucking clown. You want to act all high and mighty like a master trader in my thread and I return to yours and your taking advice from people and you have the audacity to tell me I'm not doing my studying seems like you're hunting for a holy grail

Originally Posted by ;

quote How are you going to come in my thread onto your high horse giving me guie whenever you have a mentor along with your previous egy had small profits you're a phucking clown. You wish to act all high and mighty as a master trader in my thread and I come over to yours and your taking guie from people and you have the audacity to tell me I'm not doing my analyzing looks like you're hunting for a holy grail

You see, there is nothing wrong with taking advice from people or using a mentor. It is good to speak to traders and expand your own horizons. Additionally, it is great to have someone that is already a full time trader to ask questions to.
I never stated I was a master trader. I am still very much at a stage but I can see when someone isn't on a path and you're clearly not.
Most of us know a holy grail does not exist. Something that may work for somebody may not work for somebody else so even if someone found a holy grail it would not necessarily work for other people.