Hi
I thought id make a new thread since what i want to post does not fit into the form of the old threads i used. This template is a merger of a rough draft of a H4 template i used and other M1 ideas. I decided to meet somewhere in between and make it M15 and i just shaped/multiplied the numbers to fit the chart.
I have the idea that someone might want to consider the S/R levels i propose here, the calculations is very general guidelines, stuff i have experienced that there is a use of keeping track of mostly.
I hesitated when it came to placing this thread either in the systems section or in the discussions section. What i want is discussion, and the "system" is not very systematic, since i wont place trades only on account of it fitting some "rules". But on the other hand since the calculations is there at all, the way i wiev price is still very systematic so perhaps this thread still fits will into where i placed it.
I dont know how much time i will have to trade and/or post in the coming time, since things are changing rapidly in my life as well as in the world around us. I would prefer not to trade at all, but im not doing it for my benefit.
I think that in simplified terms these statements is quite true:
You need to trade real money before you can learn not to succumb to fear while trading.
You probably should never trade real money at all, statistically speaking.
The method of trading is about as important as the skill of trading, but neither of them is worth anything on its own.
Developing ones trading skill is essential, as well as developing the method, even if the method is naked trading. If either fails, so will the account.
When trading a particular method, some of the things you learn will transfer into other methods, this is what i call skill.
When trading a particular method you will aquire a sense of how price normally looks and what normally follows from what is presented, this is what i call skill.
You can use calculations overlaid on top of price generating visually presented calculations, a sort of a matrix, a code with multiple readings. This is what i call a method
The method is what you see presenting itself over time in your trading plattform.
Skill and method better not be confused, people often confuse these and think its the same and/or that if you understand one thing you will understand the other. I have experienced that that is a great misstake.
Developing a good skill takes a long time, longer then most of all the jobs there is. Developing a new arbitrary method can take minutes but will probably not do you any good. Developing a good method takes a long time, not as long as good skill but still a long time.
So the method in itself is pretty meaningless and without skill you cannot use it for much of anything. This is very, very important and if you are inexperienced you yet cannot fathom how much this matters. So if you arent absolutely clear of what im saying here, read that sentence a thousand times and think about what it could mean for a long time. One of the things it means is that if you apply a method and you think or say "I did what i was supposed to but it didnt work!" Then you dont know what you are saying/thinking, you do not fathom what it is you are doing.
Some people say they use mechanical systems successfully. I can see how you could do that with super fast connection, 0 spread and little or much inside info. Otherwise i cannot fathom how it could work out.
I thought id make a new thread since what i want to post does not fit into the form of the old threads i used. This template is a merger of a rough draft of a H4 template i used and other M1 ideas. I decided to meet somewhere in between and make it M15 and i just shaped/multiplied the numbers to fit the chart.
I have the idea that someone might want to consider the S/R levels i propose here, the calculations is very general guidelines, stuff i have experienced that there is a use of keeping track of mostly.
I hesitated when it came to placing this thread either in the systems section or in the discussions section. What i want is discussion, and the "system" is not very systematic, since i wont place trades only on account of it fitting some "rules". But on the other hand since the calculations is there at all, the way i wiev price is still very systematic so perhaps this thread still fits will into where i placed it.
I dont know how much time i will have to trade and/or post in the coming time, since things are changing rapidly in my life as well as in the world around us. I would prefer not to trade at all, but im not doing it for my benefit.
I think that in simplified terms these statements is quite true:
You need to trade real money before you can learn not to succumb to fear while trading.
You probably should never trade real money at all, statistically speaking.
The method of trading is about as important as the skill of trading, but neither of them is worth anything on its own.
Developing ones trading skill is essential, as well as developing the method, even if the method is naked trading. If either fails, so will the account.
When trading a particular method, some of the things you learn will transfer into other methods, this is what i call skill.
When trading a particular method you will aquire a sense of how price normally looks and what normally follows from what is presented, this is what i call skill.
You can use calculations overlaid on top of price generating visually presented calculations, a sort of a matrix, a code with multiple readings. This is what i call a method
The method is what you see presenting itself over time in your trading plattform.
Skill and method better not be confused, people often confuse these and think its the same and/or that if you understand one thing you will understand the other. I have experienced that that is a great misstake.
Developing a good skill takes a long time, longer then most of all the jobs there is. Developing a new arbitrary method can take minutes but will probably not do you any good. Developing a good method takes a long time, not as long as good skill but still a long time.
So the method in itself is pretty meaningless and without skill you cannot use it for much of anything. This is very, very important and if you are inexperienced you yet cannot fathom how much this matters. So if you arent absolutely clear of what im saying here, read that sentence a thousand times and think about what it could mean for a long time. One of the things it means is that if you apply a method and you think or say "I did what i was supposed to but it didnt work!" Then you dont know what you are saying/thinking, you do not fathom what it is you are doing.
Some people say they use mechanical systems successfully. I can see how you could do that with super fast connection, 0 spread and little or much inside info. Otherwise i cannot fathom how it could work out.
Attached File(s)
KeltnerChannel_v1.mq4
3 KB
|
735 downloads
Candle Time & Spread.mq4
3 KB
|
571 downloads
Clock.mq4
5 KB
|
540 downloads
daytrading eu.tpl
24 KB
|
548 downloads
PivotsD_v5.mq4
32 KB
|
545 downloads
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