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Trading Truths

  • #61
  • Feb 24, 2020 5:24am Feb 24, 2020 5:24am
Quoting Pipoholic1
Hello, My name is Barry and some of you might know me as Pipoholic. I was a senior trader and mentor with Urban forex and Forex Watchers. I have been a trader for about 9 years and have been a full-time trader for 3 years now. I miss being a part of the community so I thought I would start this thread to maybe hang out with some of my old friends and see where it goes. Hopefully this info is helpful. My plan is to start a document that talks about Trading Truths. This will be a growing thread and I will try to continue to add to the Truths as they...
Trading is 90% about psychology and 10% about Techincal but very few people understand this, Techincal indicators are just based on maths so i personally don't pay attention much to it.
  • #62
  • Feb 24, 2020 12:14pm Feb 24, 2020 12:14pm
What I experienced is this personal law:

I started trading consistently succesfully once I reached a breaking point, after more than 12 years trial & more errors.... : that the pull, the compulsion of greed and quick massive profit, is now less than the intention of preserving capital/equity and minimizing my losses.
A new consciousness for Humanity?
Being now: Are WE a Holy Grail? Return Today: na
  • #63
  • Feb 24, 2020 2:56pm Feb 24, 2020 2:56pm
Quoting RhysRose
{quote} Trading is 90% about psychology and 10% about Techincal but very few people understand this,..
You nailed it

Welcome here!
Beware of robber banks (RB), bad advisors.
  • #64
  • Feb 24, 2020 2:59pm Feb 24, 2020 2:59pm
Quoting srfpl
hi everyone, pipoholic1 or anyone, care to share the know how as detail as possible for the following:...

but more of where and how to learn this skills how the big player move their money

what bigger player is doing in the long run knowing what my big player is doing and

at what point in their process they are at how the big player thinks etc mentioned in this thread related to real time momentum and price action trading cheers
Excellent questions.

Always watch the BIG GUYS, big shark...

My signature
Beware of robber banks (RB), bad advisors.
  • #65
  • Feb 24, 2020 3:11pm Feb 24, 2020 3:11pm
Quoting srfpl
...
what bigger player is doing in the long run knowing what my big player is doing and

at what point in their process they are at

how the big player thinks etc mentioned in this thread related to real time momentum and price action trading cheers
Excellent questions.

And i just happen to have the link.

Read this 5-10 times if necessary.

This is the big truth, BIG league!!!!

I can't find the first post ...years old....was beautiful ! Keep searching ... Attached picture

https://www.daytradingforexlive.com/forex-day-trading-strategy-bank-trading-strategy-revealed/

Don't say you haven't been warned - all banksters, all Forex is a big rip-off scheme.
Yes, you can profit ...IF SMART.

Now read again!!!

LINK

https://www.daytradingforexlive.com/...tegy-revealed/

Yes, you can profit ...IF SMART.
Now read again!!!
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Beware of robber banks (RB), bad advisors.
  • #66
  • Feb 25, 2020 2:47am Feb 25, 2020 2:47am
Quoting RhysRose
{quote} Trading is 90% about psychology and 10% about Techincal but very few people understand this, Techincal indicators are just based on maths so i personally don't pay attention much to it.
I think it might be important to speak from personal experience and not project that onto how others tick.
  • #67
  • Feb 28, 2020 1:45am Feb 28, 2020 1:45am
Quoting Pipoholic1
Hello, My name is Barry and some of you might know me as Pipoholic. I was a senior trader and mentor with Urban forex and Forex Watchers. I have been a trader for about 9 years and have been a full-time trader for 3 years now. I miss being a part of the community so I thought I would start this thread to maybe hang out with some of my old friends and see where it goes. Hopefully this info is helpful. My plan is to start a document that talks about Trading Truths. This will be a growing thread and I will try to continue to add to the Truths as they...
That's really great read, thanks for sharing such informational artical here.
  • #68
  • Mar 26, 2020 1:57pm Mar 26, 2020 1:57pm
Hi Barry,

Totally agree with your #1 post because thanks to UF methodology I understand how market works, profitable and recently turn to fulltime really get into my nerve for sometime before getting back the right rhythm.

I hope that you can continue this thread objective in "Trading Truth" as I find this is very interesting to share regardless any trolls around, somehow I felt bad for those have not develop the mindset "be like water" to be profitable in the market.

I read that you have developed an EA to scan markets, I'm working out to increase my lot size so my prep work is done manually through testing and tweaking VBA spreadsheet to assist which currency to focus, pair selection and setup filtration. I'm looking forward to learn about EA and transfer use of spreadsheet into EA to notify my trade preparation (scanning) as well. Appreciate if there is any reference to code an EA to apply UF parameters.

With Most Pip Love!
  • #69
  • Mar 27, 2020 11:58am Mar 27, 2020 11:58am
Yes, I agree with u except few things.i am really looking for ur no 4 question answer..how the market actually move,who is controlling the market price? where can i get all of the answer? let me know..thanks for ur topic..!!
  • #70
  • Apr 5, 2020 1:59pm Apr 5, 2020 1:59pm
Worldly truths...

In all competition, in the universal spectrum of order, there is loss and win. The way to lose, is you're a loser, and you're always kicked to the bottom, while you're a loser. It's an unfair result for something that is supposedly fair, and therefor should give an even distribution of loss and win. When you win, it's usually in dominant fashion. The consistency of the top players.

You have to discover how a life that is supposedly fair to you, can be so cruel. To find gratitude and faith, when all you experience is turmoil, disease and ignorance.
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When you see the beauty in life, where wisdom is there for the taking for the men with righteousness and an affinity to god you will discover the natural order about what is the universe, as it is. You'll start to control your spirit better. Your brain as a result will be enhanced beyond natural given sight plagued by infinite illusions; and life will be but a simple game of monopoly. Where you're always prepared to tax space in a way others cannot fathom, and cannot comprehend.
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  • #71
  • Apr 7, 2020 8:22pm Apr 7, 2020 8:22pm
Hey Pipoholic, I like your thread and your rules (or whatever you may refer to them as). I hope you continue to post more and other traurders come around to this forum to help my journey as a trader!
  • #72
  • Apr 11, 2020 8:58am Apr 11, 2020 8:58am
Quoting Swisse
Worldly truths... In all competition, in the universal spectrum of order, there is loss and win. The way to lose, is you're a loser, and you're always kicked to the bottom, while you're a loser. It's an unfair result for something that is supposedly fair, and therefor should give an even distribution of loss and win. When you win, it's usually in dominant fashion. The consistency of the top players. You have to discover how a life that is supposedly fair to you, can be so cruel. To find gratitude and faith, when all you experience...

love to talk with you but I'm not seeing a way to send you a private message here, perhaps my post count is too low. We communicated through FB over a year ago, so we could use that platform if need be, please reach out to me if you get a chance.
  • #73
  • Apr 17, 2020 11:23am Apr 17, 2020 11:23am
usually people are concentrated in fashionable threads.where there is a lot of blah, blah, blah. guessing.
meanwhile, they don’t realize that from a professional point of view, the thread is worthless.
  • #74
  • Jan 27, 2021 12:10am Jan 27, 2021 12:10am
Hi Barry,

We met at Koh Samui 2018.

Momentum is a two way sword and must have context behind it. I trade D/W with trades from 1H/4H TF. My view is momentum is overrated in my trading time frames. The"big boy" manipulates momentum to"advertise" the wrong direction. This is something of VON RESTORFF effect.

I agree with almost all the other points. I am into trading full time now, after hanging on to UF's coat tails for nearly 4 years. The separation was required to enable myself to grow beyond the basics. While it is good to have a fall back net as in UF, it is of utmost importance to grow out of it, as well. This separatio has helped me grow. Thanks anyway for the "baby feeding"us at KS.
  • #75
  • Jun 19, 2024 7:26am Jun 19, 2024 7:26am
Quoting Pipoholic1
My plan is to start a document that talks about Trading Truths.
Hi Barry
its good to see you tried to provide value to the trading society and it feels very sad to see you getting attacted by the general in this tread. Of course the terms and vocaburary you use, people are not going to understand. You can talk about thinking process all day long they won't understand. Price action is a very defficult laguage to learn because of the human psychology is involved which is already very complicated to bigin with. And even after that there is no such thing called 100%. So, That's why it is a 95/5 game. Bacause the knowledge is already there in the internet but very few can execute the concept.
  • #76
  • Jun 21, 2024 1:00am Jun 21, 2024 1:00am
until you realize that the price vibrates almost randomly, it is difficult to plan.
just think about why it is so hard to be a profitable trader in the long run.
  • #77
  • Jun 21, 2024 1:49pm Jun 21, 2024 1:49pm
you can not predict the markit but have to ability react accordingly..
Happy trading.
Trade fearless not careless...
  • #78
  • Jul 10, 2024 8:09am Jul 10, 2024 8:09am
Quoting tiborf71
usually people are concentrated in fashionable threads.where there is a lot of blah, blah, blah. guessing. meanwhile, they don’t realize that from a professional point of view, the thread is worthless.
So true. We professionals don't engage in pseudo-science.

-Zeus Da Man
  • #79
  • Jul 11, 2024 5:42am Jul 11, 2024 5:42am
Quoting Pipoholic1
Hello, My name is Barry and some of you might know me as Pipoholic. I was a senior trader and mentor with Urban forex and Forex Watchers. I have been a trader for about 9 years and have been a full-time trader for 3 years now. I miss being a part of the community so I thought I would start this thread to maybe hang out with some of my old friends and see where it goes. Hopefully this info is helpful. My plan is to start a document that talks about Trading Truths. This will be a growing thread and I will try to continue to add to the Truths as they...
please sir continue with this teaching and pay no attention to those who don't want to learn, most of us are here to learn and you just stopped because of his skeptism talking about autoface, please continue with the Real value you were giving, you know why? we don't see those kind of insights out here in the retail space, please sir I hope you continue when you see this post.

I've already learnt some new ways of thinking in the truths you told earlier, continue sir, you're appreciated
  • #80
  • Last Post: Jul 17, 2024 5:36am Jul 17, 2024 5:36am
It's a marathon not 100 meter race...
preservation is the key.
be humble.
Trade fearless not careless...
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