Its not my intention to get involved here but i saw this and i wanted to say thanks.
After 28 years in this business i can tell you its full of bad people. sorry thats just the truth. Its not often i see this kind of integrity and honesty.
For years i have had people tell me about how this TD says thanks for the little i was able to do for him.
Well here is my thanks to you.
i couldnt quote this because its in a closed thread so i am just copying and pasting it.
looks like a nice place around here. maybe i will stop in from time to time.
Thank you sir,
james16
After 28 years in this business i can tell you its full of bad people. sorry thats just the truth. Its not often i see this kind of integrity and honesty.
For years i have had people tell me about how this TD says thanks for the little i was able to do for him.
Well here is my thanks to you.
i couldnt quote this because its in a closed thread so i am just copying and pasting it.
looks like a nice place around here. maybe i will stop in from time to time.
Thank you sir,
james16
Ok the last thing that needs to be done before I start is to credit everyone that helped me along the path.
First and foremost is the james16 Chart Thread over at Forex Factory. This man did more for my trading than any source I have come across in seven years. There is a huge amount of free information in his thread which taught me the fundamentals of price action and how to trade it profitably. There is also a private forum which is a paying service for subscribers. I am not here to sell that but I would like to say that I am a member and it an absolutely incredible source for all traders and an excellent value for money. There are systems and ideas on price action, money management and trading psychology in that forum that have turned many traders around. They will not be revealed here.
Secondly I would like to give credit to Phi Nell who also posts over on Forex Factory. He has several strategies that have gained a good following but I refer to his strategy called the "5m intraday system" which is the foundation of my EMA system. I have made some minor changes to it and of course trade it on the longer timeframes but credit for the idea must go to him. Since this is an actual system I have asked Phil Nel's permission to refer to it. This was his reply: "I have no problem with that. We are here to help people to gain success. You have my full permission and good luck with it. You can add this notes to the thread so that people can see you have my blessing on it - Phillip".
So I have taken these works and then added something discretionary to it. In short, I have combined them with my own experience in the market which has been fairly extensive spanning seven years.
I have done a lot of reading in that time. Some of the key books which have given me ideas / beliefs (and perhaps most importantly the peseverance to pursue this despite years of difficulty) are, in no particular order:
How I made $2,000,000 in the stock market - Nicolas Darvas
Market Wizards - Jack D. Schwager
The New Market Wizards - Jack D. Schwager
Stock Market Wizards - Jack D. Schwager
Bulls, Bears, & Brains - Adam Leitzes and Joshua Solan
Trend Following: How great traders make millions in up or down markets - Michael W. Covel
Technical Trading Online - Jerold Roth
High Probability Trading - Marcel Link
Reminiscences Of A Stock Operator - Edwin Lefevre
Jesse Livermore: World's Greatest Stock Trader - Richard Smitten
How To Trade In Stocks - Jesse Livermore
Extraordinary Popular Delusions And The Madness Of Crowds - Charles Mackay
I would recommend these to all traders from amateur to highly experienced. I am a strong believer in keeping things simple and as a result I still read books that teach the basics even though I have now been doing this a long time.
I have found that most books, even if they are aimed at the beginner will often teach you something new. It may be that little piece of information or thought process that it sets off, that will take you down a new path that could lead to profitability.
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