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@  Cookiebrawler : (17 September 2019 - 04:27 PM) MegaMoney 90%
@  aasir : (16 September 2019 - 10:25 PM) Binary Triumph
@  traderpusa : (10 September 2019 - 01:35 AM) that was my bmw lol. E60.
@  Monoaldo : (10 September 2019 - 01:34 AM) E60
@  manfloy : (09 September 2019 - 11:12 AM) well said.
@  traderpusa : (09 September 2019 - 11:07 AM) at least for the moment, china will hold back because of economic conditions. My guess is they want to involve PLA but simply are not in a position to do so for the moment.
@  traderpusa : (09 September 2019 - 11:05 AM) well, regardless of any agreement between uk and europe, there is still nato is trump doesn't blow it up lol
@  manfloy : (09 September 2019 - 11:04 AM) I am really worried about HK if the PLA phase in this can interrupt the entire chain between FX liquidity and current import / export countries. I understand that we have a bunch of corporations exposed to China, now believe that 99 percent of them are stable in HK because they have a high law. If the PLA gets in, they'll substitute this economic centre with a singapore.
@  manfloy : (09 September 2019 - 11:04 AM) Yeah, they're really a very significant player. I am informed that there is also a lot more than economic, for instance there are a number of military agreements agreed between the GB and the EU, which is serious.
@  traderpusa : (09 September 2019 - 11:02 AM) the UK being part of the EU GDP figures, but not part of the Euro only makes things a bit complicated on how to interpret numbers for trading purposes.
@  traderpusa : (09 September 2019 - 11:00 AM) of course one needs to focus on US being the biggest economy but UK is still up there. https://gyazo.com/42...39df1c7c58d9221
@  manfloy : (09 September 2019 - 10:56 AM) I'm focused on the US, so I don't spend so much on the GB, I'm supposed to study it well since 2015, but something has altered worldwide, literally, it's an enormous step in the world's liquidity and global system, modifications are nice, but they're really colorful.
@  manfloy : (09 September 2019 - 10:56 AM) thanks good reading
@  traderpusa : (09 September 2019 - 10:53 AM) As to China, read this over the weekend : https://apnews.com/6...f75f013bf54e6a9
@  manfloy : (09 September 2019 - 10:51 AM) Spectacular indeed lol, this is huge to be honest
@  traderpusa : (09 September 2019 - 10:47 AM) it's gonna be interesting. MP's are leaving the sinking ship and now also Bercow has resigned. Gonna miss this guy lol
@  traderpusa : (09 September 2019 - 10:46 AM) https://gyazo.com/58...16d785753060ff0
@  manfloy : (09 September 2019 - 10:44 AM) I am very concerned about GBP, I have decided to leave until the government is making some definite deals on the Brexit. I'm not a supporter of uncertainty.
@  manfloy : (09 September 2019 - 10:42 AM) US It is expected to rebound until new years, because the season is coming and everyone is ready for new year revenues.
@  manfloy : (09 September 2019 - 10:41 AM) China is underwater now, and I can't even define how starving they are for dollars. Their imports fell significantly last quarter. They're trying to stimulate again, but I don't think it should work out, more than: we're back to the 2014/2015 situation. The issue with the Chinese central bank cutting off the supply of cash, the issue that they are not diversified around the world.

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#1 shaileshm

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Posted 28 May 2018 - 11:14 AM

Recently I came across this quote :

 

I don’t think traders can follow rules for very long unless they reflect their own trading style – Ed Seykota

 

The quote I think hits the crux of a major problem.

 

For past many months I had a strategy(multiple strategies actually) which gave consistent results but for some strange reason I was always looking for new systems. And sometimes I used to even wonder why the f am I doing this, keep continuing with the old system.

 

Eventually I gave up the old system for something else, and the reason for that simply this one I feel more connected to or it suits my style or personality.

 

I was wondering how other people decided on their own trading style when they faced multiple of good looking options to choose from. It would be nice to hear some experiences from other members.


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Know Thy Setup. Know Thyself.

#2 uday

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Posted 29 May 2018 - 07:29 AM

Recently I came across this quote :

 

I don’t think traders can follow rules for very long unless they reflect their own trading style – Ed Seykota

 

The quote I think hits the crux of a major problem.

@shaileshm, you are right. Traders are not continue any fix strategy. they are every week change it. and second big problem is traders loose patient.
same problem with me so i am looser. :D


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The goal of a successful trader is to make the best trades. Money is secondary.” – Alexander Eldere62fa2059f4d4df0ac5c5a308adab76a.png


#3 shaileshm

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Posted 29 May 2018 - 11:58 AM

@shaileshm, you are right. Traders are not continue any fix strategy. they are every week change it. and second big problem is traders loose patient.
same problem with me so i am looser. :D

 

Its not so much about about keep continuing on a fixed strategy. Even if you have a goof strategy , it needs to reflect your trading style and personality. For example if you give a good strategy which gives only couple of trades a day to a high frequency trader, some one who like to take a shot every 10 min or so, the person will not ab able to get profitable with it. So there should be a match of the strategy with the person as such and this should be concuisly taken into account when someone is still searching for strategies.


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Know Thy Setup. Know Thyself.

#4 WanbutHits

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Posted 19 July 2018 - 07:06 AM

You never goes on with a same strategy style for a long period because forex market shows a huge liquidity. As forex market changes after a short intervals you should also have to change your strategy. You must have to change yourself with the present market. It is very necessary if you wants to be a good trader in future.


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#5 Tripack

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Posted 19 July 2018 - 02:30 PM

« Strategy » is not what rules, « style » more maybe. In any case adaptability and some awareness about fundamendals are key...

#6 traderpusa

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Posted 19 July 2018 - 08:31 PM

You never goes on with a same strategy style for a long period because forex market shows a huge liquidity. As forex market changes after a short intervals you should also have to change your strategy. You must have to change yourself with the present market. It is very necessary if you wants to be a good trader in future.

 

I for one disagree with this statement.  Price Action is valid under any market condition and have been trading the same strategy for many years.


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