I have tried everything and nothing works (Technical analysis)

BearRunner said:
I started in Forex - 3yrs. Lost a LOT.

I finally read a book - "A Complete Guide to Volume Price Analysis" by Anna Coulling.

It changed EVERYTHING for me.

COMPLETELY opened my eyes to the ROLE of VOLUME and NEEDING REAL VOLUME in a market to trade.

Switched to Futures, spent time and money trialing a lot of things and then found JIGSAW trading. Bought their DOM, listened to the free training and then found their free training in the customer hub - The Stephen Kelly trading method. --- GOLD!

I have this playing in the background almost every day and pick up bits and pieces as I'm watching the DOM live. It has been the CHEAPEST and the BEST trading material I have ever seen. I've made more progress in the last 3 months then I have in the last 4yrs.

I've recently switched from ES which I was finding extremely hard to read on the DOM (ES is fast moving on DOM) to ZB (30yr US Treasuries) (ZB is slow moving on the DOM). Since watching the ZB, I'm finding I'm able to pick out a lot more on the ES as well when I go back to it.

Its certainly not the only way to trade but its the only way I have found personally to trade (And I've tried a LOT of different ways and spent a LOT of $ trying different ways and systems (Well over $35K)). I'm now having some very nice days but I still have a long way to go to being proficient at reading the DOM. But in 3months I have picked up more PROFITABLE learning then I have in all the preceding time I've wasted trying to learn to trade in Forex and Futures.


BEST thing I ever did was leave Forex. The absolute best you can ever hope for is to get 1/2 the information. You will NEVER find real volume data in Forex and PRICE is nothing more then a trailing indicator of the market participants. ALL Forex indicators are build upon or in relation to PRICE and these indicators are even further trailing behind price which is itself a trailing indication of the market participants. Any way you look at it, in Forex, you will ALWAYS be BEHIND.


There are many ways to trade. YOU have to find the way that makes sense to you and works for you. No one else can tell you what that is, they can tell you what works for them and then its up to you to check if its right or not for yourself.
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I read that book "A Complete Guide to Volume Price Analysis" by Anna Coulling. Awesome book

You don't understand candlesticks -volume it's not needed in any market ... Price and momentum (skipping Rock theory)always lead ... Indicators support price not lead .. Price always leads even over volume
 
iamnewuser911 said:
2 years of trying, I have tried everything and nothing works. Please point me in a direction. I have run out of ideas. Books, articles anything.

I am not ready to give up yet though, I still believe & have faith.
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TA never worked and never will work.. It is merely an ancient attempt to apply structure to a chaotic system.
 
iamnewuser911 said:
2 years of trying, I have tried everything and nothing works. Please point me in a direction. I have run out of ideas. Books, articles anything.

I am not ready to give up yet though, I still believe & have faith.
More...
Just give up because you are a small trader. If you decide not to give up, this is what will happen to you


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you will keep reloading your account until you are dead broke.



Trading and Risk Disclaimer


More than 90% of small traders lose! They just lose!!
 
One awesome and very wealthy trader once said "you have to think way out of the box, you have to live way out of the box - extraordinary returns takes extraordinary risk. I avoid the crowd, when volatility constricts that is when I am active - when volatility expands I am unwinding profits into it. There are amazing opportunities if you look for them, you have to have a lot of guts to do what the crowd is unwilling to do".
 
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