YM Traders
- Thread starter volente_00
- Start date
Nothing like coming back from lunch and seeing that my target got hit.
73 days until I can start trading full time.
Woohoo.
Woohoo.
BTW,
I was reading over the threads, looking at peoples methods
this chart you posted, All after the fact things.
In fact most of the things you will not enter correctly and you miss out a few candles like 3-5 minutes before all those lows where you go long.
If you trade like how you placed those arrows, I think you'll be overchurning and maybe making a few k a month max.
And many of the lines drawn out are also drawn "After the fact"
the biggest problem about the way you (or mentor) trade is:
<b> There is no edge in that method </b>
Ok.... well, what works for me, doesn't work for you.
Works for Volente as well.
So, I might not have an "edge", which I don't believe in, I guess people just made the "edge" up, but I know what I'm doing and can consistantly do it.
"Edge" is only a word for "consistantly profitable", in my opinion anyways.
Beyond that, I don't care what others think anyways. I do what I do, and it works very well.
Also, what are you implying "after the fact"?
Is it wrong to wait for a confirmation for support or resistance?
Your post makes no sense to me, but few people trade this way anyways because they can't do it, but yes, once I get out of school, I could very well be making several thousand a month... so I will let you know in 2 1/2 months.
BTW... I have also been experimenting with scalping, so I might make more trades than that even in the future. So it will be interesting to see which method of trading I choose when I can trade every day, all day.
In the end, it is all calculated risk gambling, I, like many others just find ways to try and tilt the odds in my favor. It works it very well. Some days, I have not had such good days, (Because of emotions), but the method my mentor and I trade, works, and will continue to work as long as support and resistance exists in the markets.
In the future, I'll make all my executions and statements available to anyone via pm who would like to see them, just to prove that even "after the fact" I will still be profitable.
I might be young, but my mentor has given me the greatest gift, and soon, I will put it to action.
I'm done now, and now 72 days until I can trade daily!
WOOHOO
EDIT:
All of this is not meant to sound harsh or rude, even if it does... I'm just stating, that trade the way you want to trade. I think indicators are stupid and are just derivatives of price. You think support and resistance trading only is impossible. Someone else thinks trading forex and being consistantly profitable is impossible. Who cares? As long as it works for you, then that is all that matters.
Works for Volente as well.
So, I might not have an "edge", which I don't believe in, I guess people just made the "edge" up, but I know what I'm doing and can consistantly do it.
"Edge" is only a word for "consistantly profitable", in my opinion anyways.
Beyond that, I don't care what others think anyways. I do what I do, and it works very well.
Also, what are you implying "after the fact"?
Is it wrong to wait for a confirmation for support or resistance?
Your post makes no sense to me, but few people trade this way anyways because they can't do it, but yes, once I get out of school, I could very well be making several thousand a month... so I will let you know in 2 1/2 months.
BTW... I have also been experimenting with scalping, so I might make more trades than that even in the future. So it will be interesting to see which method of trading I choose when I can trade every day, all day.
In the end, it is all calculated risk gambling, I, like many others just find ways to try and tilt the odds in my favor. It works it very well. Some days, I have not had such good days, (Because of emotions), but the method my mentor and I trade, works, and will continue to work as long as support and resistance exists in the markets.
In the future, I'll make all my executions and statements available to anyone via pm who would like to see them, just to prove that even "after the fact" I will still be profitable.
I might be young, but my mentor has given me the greatest gift, and soon, I will put it to action.
I'm done now, and now 72 days until I can trade daily!
WOOHOO
EDIT:
All of this is not meant to sound harsh or rude, even if it does... I'm just stating, that trade the way you want to trade. I think indicators are stupid and are just derivatives of price. You think support and resistance trading only is impossible. Someone else thinks trading forex and being consistantly profitable is impossible. Who cares? As long as it works for you, then that is all that matters.
your post sounded very harsh to me, I almost cried 
Seriously, I'm all for you kicking some ass, but those S&R's are seriously rudimetary.
You will churn and burn like this, I also trade on Support & resistance
but with much more layered information
Take for example volente, he has some T day stuff, I also have some of those weird quirky shit
I'm sure he has much more things (layered) telling him to where to short, not just any support and resistance but exactly which support and resistance.
As you progress you will know what I am talking about.
I have no doubt you will make thousands once you get out out of school,
I started trading 1 contract 4 months ago, I'm trading up to 15 cash contracts now profitability.
Theres nothing nobody can do when they put their mind to it,
and I'm sure you are money just like me.
I only mention this because I know how those charts you drawn up like the back of my hand, every newbie that becomes a successful trader draw the same lines so they recognize when its not very consistent
Seriously, I'm all for you kicking some ass, but those S&R's are seriously rudimetary.
You will churn and burn like this, I also trade on Support & resistance
but with much more layered information
Take for example volente, he has some T day stuff, I also have some of those weird quirky shit
I'm sure he has much more things (layered) telling him to where to short, not just any support and resistance but exactly which support and resistance.
As you progress you will know what I am talking about.
I have no doubt you will make thousands once you get out out of school,
I started trading 1 contract 4 months ago, I'm trading up to 15 cash contracts now profitability.
Theres nothing nobody can do when they put their mind to it,
and I'm sure you are money just like me.
I only mention this because I know how those charts you drawn up like the back of my hand, every newbie that becomes a successful trader draw the same lines so they recognize when its not very consistent
They aren't consistant every time. That is when I don't like the days. There are some days, (Especially last week), that the days just were less defined for support and resistance. So it was confusing. That is when ideally, I'd just like to execute 1 or 2 trades for the day and be done. My mentor says he averages about 3 trades per day. He doesn't believe that scalping is as good as a longer term approach. Which I do believe. But i'm very interested in expanding my knowledge on scalping. I'd like to be able to learn how to do a longer term trading (Possibly in the future, open up an account for trading on a daily timeframe, and hold a trade for a few weeks), and then also intraday, scalp, and do intraday swing trades between support and resistance.
Just a question of execution, but i'm fairly confident on how I where I came from, to where I am now. Couldn't have done it without my mentor's help, who helps me everyday, and still does. But I'm slowly beginning to do things on my own. If I had to never speak to my mentor again, with all that he has tought me, I think I could do okay in the markets, maybe well. But it is good to be able to have someone around to be able to ask questions about, and to ask if he thinks a trade is good during the day. And to be able to view his screen to see where he draws support and resistance and highlights things on eSignal for me.
I have come a long way indeed. When I first started, emotions were a big part of hurting my trading, but I'm happy to say I'm very close to being emotionless while trading. I still feel the heart start beating faster when I first execute the trade, but beyond that, I'm okay.
And I know I sounded harsh, just get tired lately of reading everyone get hammered by questions of if something is true or not. Just at first you made it sound like I was lying. So many people get criticized on ET, that I know so many people are probably telling the truth, but people just don't want others to succeed sometimes, either because they themselves are failures, or they are jealous, or something. So it just gets to me sometimes. But, sorry about that.
Just a question of execution, but i'm fairly confident on how I where I came from, to where I am now. Couldn't have done it without my mentor's help, who helps me everyday, and still does. But I'm slowly beginning to do things on my own. If I had to never speak to my mentor again, with all that he has tought me, I think I could do okay in the markets, maybe well. But it is good to be able to have someone around to be able to ask questions about, and to ask if he thinks a trade is good during the day. And to be able to view his screen to see where he draws support and resistance and highlights things on eSignal for me.
I have come a long way indeed. When I first started, emotions were a big part of hurting my trading, but I'm happy to say I'm very close to being emotionless while trading. I still feel the heart start beating faster when I first execute the trade, but beyond that, I'm okay.
And I know I sounded harsh, just get tired lately of reading everyone get hammered by questions of if something is true or not. Just at first you made it sound like I was lying. So many people get criticized on ET, that I know so many people are probably telling the truth, but people just don't want others to succeed sometimes, either because they themselves are failures, or they are jealous, or something. So it just gets to me sometimes. But, sorry about that.