I have used all of them. To me, these indicators are byproduct of superior computer processing power after 1980s. They fail to feel the markets. You are a successful telecom engineer...At your work place, you use brain grey matter to think about ...

Should I throw in the towel after being in the negative for 10 years?

Thanks Mate. Sounds Good. You are lucky to be at the centre of all action. Spending whole day at the trading floor and meeting like minded people is amazing.

There are no secret patterns and there will never be one

This is it. Brilliant post To understand the market/to feel the markets is to understand, learn, revise and memorize the market patterns, behaviors and current volatility. The first baby step is to make a journal of market action. ...

There are no secret patterns and there will never be one

100% truth. Only an informed trader like esuffw can make such a truthful statement. Because volatility is changing every day there are twist to broad patterns which quantitative analysis is not able to decipher. Broad patterns are there in market ...

There are no secret patterns and there will never be one

Broad Patterns are there but what is difficult to pinpoint is the volatility which changes every day. One of the Broad patterns in S&P 500 futures which i have observed is after a big rally in Asia and Europe, US markets opens gap up. The idea is to ...

There are no secret patterns and there will never be one

Thanks buddy..interesting documents.

There are no secret patterns and there will never be one

Hi esuffw, Dont you think it is desperation of buyer or seller which moves the market rather then liquidity? Liquidity is important but i have felt it is the desperation of buyers and sellers which moves the market. I have seen many times on a ...

There are no secret patterns and there will never be one

I can tell you what helped me. I picked up one market where i want to specialize. I trade S&P 500 futures exclusively. The reason was my order goes direct to New York Stock Exchange and i prefer that.I had traded Forex earlier but was not happy with ...

The concept of "trend" which I cannot grasp

This is quite good. Unfortunately, i am currently working in Edinburgh, UK for an official visit. I have not updated the location in the profile. As soon as i come back to Dubai, i will send you PM requesting for his mobile number. Thanks.

Should I throw in the towel after being in the negative for 10 years?

Yes, you are right. I have read Glenn interview. He revise his bowling skills by looking at recorded videos and spent countless hours with his coach how he could improve better. People say trading is a different profession. We do not need any skill ...

The concept of "trend" which I cannot grasp

What my research says is every new born baby is born with 100 billion neurons and 1000 trillion synapses. The neural network is not yet established in new born baby. Between 0-5 years, he will learn the basic skills from his parents which develop ...

Should I throw in the towel after being in the negative for 10 years?

Reading, Understanding and experience is also development of brain. The brain has 100 billion neurons connected with 1000 trillion synapses. When you acquire any new skill like trading, neurons and synapses get strengthen sending electrochemical ...

The concept of "trend" which I cannot grasp

I am going to tell you the most simplest and most effective solution: You speak your mother language with subconscious competence. In a fraction of second, you can speak sentences. When you were born, you had no idea about what alphabets were. Use ...

Should I throw in the towel after being in the negative for 10 years?

Feel the markets. To detect trend is to feel the markets. This means using right side of brain for intuitive trading. Using right side of brain correctly is as good as training it receives. Once you go through intense training, you develop a feel ...

The concept of "trend" which I cannot grasp

Wow...superb post. Please accept my salute esuffw. Your thoughts clearly point out that you are one of the professional traders. The brain is most powerful PC in an entire universe. All it wants intense hard work to understand the markets and get a ...

There are no secret patterns and there will never be one

It is a scientific gambling focussed on psychological behavior not random gambling like casino. People who are participating in the market will do same thing over and over again- This is called rat brain trading which is our old/primitive brain. It ...

Stop fooling yourself; There is no system

Learning, memorizing, revising patterns and trades and making notes might help you. It calls for 500 + hours of training.

Stop fooling yourself; There is no system

I agree. Doctors get guidance. This is how society structure is created- Doctors, engineers, accountants or any other profession gets a structured guidance and syllabus is defined well in advance. Society will never ever put trading as a legitimate ...

Should I throw in the towel after being in the negative for 10 years?

Side by side keep searching for an alternate career as well. After getting bust in Forex, you will need an alternate career to fall back on.

Is making money in FX that easy?

If a first year medical student attempts to do a liver surgery, he will fail miserably. After studying for 10 hours a day for next 5 years and then working as resident/senior resident doctor (part of training) for next 5 years, he becomes a fully ...

Should I throw in the towel after being in the negative for 10 years?