8 methods to consistent profitability

15 min tlb · Feb 16, 2013

95% of traders fail because they can not master the the art of trading .The art is the ability to apply the method most suitable for the market conditions ,under stress and with psychological baggage, no single method will work in all market conditions and no system will work consistently.It will take a few years of experience and practise to skill-fully execute and make profit .

The trading game is played in the mind , and knowledge ,experience and skill has to be gained .!t is a long hard road to becoming a successful trader.It may take several years to become a master , at knowing what method to apply in certain market conditions.It can only be learned by intuition , as most of the advice and information in books , courses and also given on forums and the internet is by internet marketeers , clueless amateurs ,trading failures and Zoo characters.

1)4 hour trending system ,used by most professionals
2)Trend retracement method , it is used by most professional traders
3) Intraday trendline system on 15 min
4)Key support and resistance ...used by professionals
5)Ma cross on 15 and30 min with refined low risk tight stop entries
6)High probability Breakout method based on fundamentals
7)ranging market system.
8)Scalping method based on longer time frames like 15 min , 30 min and 4 hour trendlines

Trading books are written by trading failures , so what are you going to learn from failures?These people make from writing books and selling courses ,and are hiding the truth why they failed as a trader , and are actually making more money from writing and selling courses .Some of the information in books can be useful , but new traders have no way of knowing what information in books is correct , and which information can be applied to profitable trading.

I recommend you read as many books and threads on trading and psychology , psychology is 80 % of trading success. Physchology and discipline will be more useful in the learning experience .
http://www.trade2win.com/boards/trading-faqs/30637-books-should-beginner-read-9.html#post2075704

Trading in the Zone by Mark Douglas
Come into my trading room by Elder
Trading currency cross rates
Trading Currency Cross Rates: Proven Trading Strategies from a Leading International Currency Trader and a Noted Expert on Futures and Options Wiley Trader's Exchange: Amazon.co.uk: Gary Klopfenstein, Jon Stein: Books
High probability trading by Marcel Link.
Trade your way to financial freedom , by Tharp.
Amazon.co.uk: Customer Reviews: The Hour Between Dog and Wolf: Risk-Taking, Gut Feelings and the Biology of Boom and Bust

The only book written professionally , was trading currency cross rates.All the other authors , it seems never made it to a professional trader level , and are possibly trading failures.

http://www.trade2win.com/boards/trading-psychology/164170-discipline-training.html

http://www.trade2win.com/boards/tra...make-traders-deviate-their-trading-plans.html

http://www.trade2win.com/boards/trading-psychology/45686-trading-psychology.html

http://www.trade2win.com/boards/tra...hes-makes-successful-traders.html#post2054936

Why Traders Lose Their Discipline

To see proof of what is written , just google with key words 95 % lose fail etc

Google

Google

http://www.trade2win.com/boards/edu...846-al-brooks-trading-course.html#post2069858

There are hundreds of free systems on forums , yet 95 % lose money.Just look at them with a pinch of salt , and think before using them.They are written by amateurs , if you follow amateurs and failures , you will end up as one

Trading Systems @ Forex Factory

Attached is a bookmark for reading sites and leaning .

Most of the above methods are discussed here with links to learning

http://www.trade2win.com/boards/forex/162600-box-breakout-pro-scalping.html#post2025236

Good luck !No pain , no gain.Spend the 5,000 hours to become a master .Trading is an art that has to be practised and perfected.By reading these bookmarks , threads and links will give you a free course and education , and save you thousands of pounds.

Trading is really like this

Wing Chun Masters Trailer - YouTube

15 min tlb · Feb 16, 2013

Most of the trading is very fast and happens in a few minutes.Take a look at the chart and see the two profitable moves came very fast.With in a few minutes ,the action is over , either you win or lose .

Sometimes trading can be as fast as martial arts and traders have to be masters.

15 year old Girl with expert Wing Chun. Very Fast! - YouTube

Wing Chun vs Wing Chun ( HARD CORE FULL CONTACT)

the hare · Feb 16, 2013

15 min tlb · Feb 16, 2013

If a trader is not succeeding ,the solution maybe to hire a coach , trading the above methods A coach is someone who attracts talented people and then teaches them the fundamentals of good performance.

The eight trading methods are very simple ,trading/investing are very simple processes and we human beings try to make it into something much more complex.1) follow the trend; 2) let your profits run; 3) cut your losses short; and 4) manage your money so you can stay in the game.Trading is as simple as these strategies and can be applied on different time frames ;

http://www.trade2win.com/boards/forex/162600-box-breakout-pro-scalping.html#post2025236

Trading Psychology Expert Van Tharp

Trader333 · Feb 16, 2013

If a trader is not succeeding ,the solution maybe to hire a coach

Why wouldn't the coach just write a book which would be easier and more cost effective ?

15 min tlb · Feb 16, 2013

Trader333 said:
Why wouldn't the coach just write a book which would be easier and more cost effective ?

A book would be more cost effective , but is more difficult for readers to absorb written words , it is difficult to absorb ,process and implement information when mind is overcome by emotions when trading.Trading is an art , a picture is worth a thousand words , therefore the book would be huge.

It would be easier to work under a coach , who will help traders implement the methods to high standards.Each method can have 3 variations on entry , exit and trade management , to try and explain each to individuals in written words , it would become quite complex to understand.

The key to trading is experience , experience can be gained easily with supervision by a coach .When you are in sharky waters , emotions control your reactive responses especially when market behaves irrationally ,methods stop working temporarily , technical anylysis set ups start failing and trends breakdown.This can not be achieved by just reading books.

0007 · Feb 16, 2013

Trader333 said:
Why wouldn't the coach just write a book which would be easier and more cost effective ?

For the person who finds it easy learning from a book (like myself) that is an ideal solution -- if the book is well written. But some people's minds just work differently and find it much easier to learn with a human instructor. Then of course, there's the (95%?) who can't do it either way!

15 min tlb · Feb 16, 2013

Trader333 said:
Why wouldn't the coach just write a book which would be easier and more cost effective ?

It would be easier to have a live one day seminar to show all the methods , it would be easier to absorb the visual presentation.

How many words would it take to describe this painting , and would the words be effective?

Incredible Speed Painter Blows Minds - Best Videos Daily | EdisProduction.de | Best Videos Daily | EdisProduction.de

NVP · Feb 17, 2013

The secret to Trading is to "see" and understand the market ......
Once you "see" the market for what it is - it becomes a whole lot easier to understand ....

Only then can you start to consider how to trade it

until then you are a blind man looking for a needle in a haystack....

If we are talking analogies then the Matrix movie trilogy is the closest to what I am saying above

N

15 min tlb · Feb 17, 2013

NVP said:
The secret to Trading is to "see" and understand the market ......
Once you "see" the market for what it is - it becomes a whole lot easier to understand ....

Only then can you start to consider how to trade it

until then you are a blind man looking for a needle in a haystack....

If we are talking analogies then the Matrix movie trilogy is the closest to what I am saying above

N

True!You can only see the market after maybe spending thousands of hours on screen time , and you only understand the market after making observations in screen time , and also by reading books from professional traders .I would say 95 % of trading books are written by pretenders , frauds or failed traders , they leave something out of the books ......those important and vital pieces of information ,without this information failure is inevitable.

15 min tlb · Feb 24, 2013

15 min tlb said:
1)4 hour trending system ,used by most professionals
2)Trend retracement method , it is used by most professional traders
3) Intraday trendline system on 15 min
4)Key support and resistance ...used by professionals
5)Ma cross on 15 and30 min with refined low risk tight stop entries
6)High probability Breakout method based on fundamentals
7)ranging market system.
8)Scalping method based on longer time frames like 15 min , 30 min and 4 hour trendlines

15 min tlb · Feb 28, 2013

The floor trader method is free , it is used by professionals ......make up your own variation to suit your style.

Many of these trading methods are not new or original. Often they are based on information found in trading books or articles written decades ago. In some cases they are old trading methods repackaged in new books (or made into software), and sold at high prices.

The Floor Trader Method

15 min tlb · Feb 28, 2013

Context and the ability to read charts is very important.

Day Trading Context - YouTube

Beneficial video

7 Secrets to Day Trading Success - YouTube

stephensteve · Feb 28, 2013

Hi and great floor trader info....I read the lot and am about to backtest etc, but..................I didn't get the ""crossback top" bit.

"""Do not trade after a crossback top...(explained later),""" sorry, couldn't see it later.!

I would really appreciate a heads up,

thanks, Steve

15 min tlb · Feb 28, 2013

stephensteve said:
Hi and great floor trader info....I read the lot and am about to backtest etc, but..................I didn't get the ""crossback top" bit.

"""Do not trade after a crossback top...(explained later),""" sorry, couldn't see it later.!

I would really appreciate a heads up,

thanks, Steve

You want to see a up channel formed , rather than just a single bar ,single bars can be false moves .Buy at bottom of channel , you can use all sorts of variations using moving averages , support/resistance and breakouts on trendlines.

stephensteve · Feb 28, 2013

15 min tlb said:
You want to see a up channel formed , rather than just a single bar ,single bars can be false moves .Buy at bottom of channel , you can use all sorts of variations using moving averages , support/resistance and breakouts on trendlines.

Thanks for the info Sir,

Cheers, Steve

15 min tlb · Feb 28, 2013

stephensteve said:
Thanks for the info Sir,

Cheers, Steve

support and resistance retacements.

How to Profit from Market Retracements By Tim Racette - Traders Log

DionysusToast · Feb 28, 2013

1)4 hour trending system ,used by most professionals
2)Trend retracement method , it is used by most professional traders
3) Intraday trendline system on 15 min
4)Key support and resistance ...used by professionals
5)Ma cross on 15 and30 min with refined low risk tight stop entries
6)High probability Breakout method based on fundamentals
7)ranging market system.
8)Scalping method based on longer time frames like 15 min , 30 min and 4 hour trendlines

What leads you to the conclusion that professional traders use these systems?

Why the omission of value based methods of analysis from your list?

This is all pattern matching, right? Whereas value based traders look to analyse the market in terms of which prices are cheap and expensive. Is value something you see as having no place in trading?

Lord Flasheart · Feb 28, 2013

1)4 hour trending system ,used by most professionals
2)Trend retracement method , it is used by most professional traders
3) Intraday trendline system on 15 min
4)Key support and resistance ...used by professionals
5)Ma cross on 15 and30 min with refined low risk tight stop entries
6)High probability Breakout method based on fundamentals
7)ranging market system.
8)Scalping method based on longer time frames like 15 min , 30 min and 4 hour trendline

You really must stop copying what others have written and assume it to be correct. How many professorial traders do you know and you havent even mention the most important one of all. I really dont like the way you are trying to influence others.

15 min tlb · Feb 28, 2013

DionysusToast said:
What leads you to the conclusion that professional traders use these systems?

Why the omission of value based methods of analysis from your list?

This is all pattern matching, right? Whereas value based traders look to analyse the market in terms of which prices are cheap and expensive. Is value something you see as having no place in trading?

Value is covered under 6 fundamental analysis , value is not value until market accepts value and subsequently has a breakout.After doing fundamental analysis ,look for a breakout trend on 4 hour charts using stochastic as a confirmation.

Why Interest Rates Matter For Forex Traders

8 methods to consistent profitability

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