12 YEARS EXPERIENCE on the market

[I]Dear Friend, welcome to my thread! [/I]

The most important thing before the journey: If you wan’t to be successful in this bussiness and you are ready to LEARN a lot, this thread is yours, elsewere it’s waste of time… The next pages will be everything about the learning!

[I][B]What’s my goal by this forum?[/B][/I]

I belive every people deserve an [B]easy[/B] life… Every peolple in this world. You must know this forum and the forex don’t promise an easy life! It depends on you, i can show the way. At the first weeks, months, maybe years it will be very very hard. First time you have to come through some sht, some deep sht, i promise there is no other way. If you have decided you undertake the hard thinghs, you start this way, you have to be strong willed.

After these, you will be successfull, you can make money by the forex, DEFINIETLY. The minds of peoples need a goal and they achive it. You can see that is POSSIBLE, you can check by your own eyes the trading is working, some people – who has enough strenght- make a lot of money by trading. I want to show you to trade in a right way is possible, learnable! THIS IS MY GOAL BY THIS FORUM, BY THESE TRADES. You must see and belive the forex trading can be successfull! The first times you will have nothing else like the conviction, the conviction see you through defeats! After the initial difficulity you will learn the trading, you can make enough money easy way.

Never forget, the „EASY money making” comes after the HARD learning!!!

Who am I?

My name is Zoltan, i trade live 6 years long on the forex market. I live in Hungary (GMT+1). I have learnt on a financial school, after that i have met Sandro, who was a successful full time stock trader. I saw her life i have decided my way is the online stock trading. The things was very hard because my father was a two handed worker and he said: „Please find some normal job or you have to leave this house.” I start to work in a bakery but after the hard worked day i thought about my right way (It was not a two handed job ). I stared every nights the charts i painted them i printed them they were on my room’s wall. I started to do trades on my first demo account but i was almost every time on the looser side of trades…

I had no idea whats wrong with my trades?! When i was fcking angry, i called Sandro (my stock friend), but he COULDN’T or WAN’T help me. He said nothing about my trades the only thing he said: „Zoltan, you need not my help you have to find your own system you have to check my trades by VISUAL”; and he sent me some gif files about her trades. It happend 14 years ago, and i didn’t undestand him but it was the better help ever. Sometimes the real help is very different as we think at first time. After 1 year demo account i sailed harder water, i have opend my live account on the stock market.

All together i needed 3 f@cking hard years - after my first meeting the online trading – i become a full time forex trader on a stock market at first. I don’t call myself to protrader, i am not better like you, i have just more experience ont he market. I can say now my life is easy from the financial aspect…

About my trading system

It’s the most hard question you can ask me. The trading (system) is like the painting… The painter can talk about her painting habits, her paintbrush, her paint what he used, about the geometry…etc for long hours if you want. BUT after at all you will be not a painter. You have to know about the geometry, paintbrush i mean it’s not the most important thing otherwise everybody will be a painter. The important part of painting the lines, the colors… etc, it have to do by YOURSELF. A painter can help you if he shows you some beautiful painting. I belive this way you can develop a new method of painting (trading) what is at least so successful. At first you try to copy the paints but after that you will know you can produce paints by your own way.

Let’s back the trading… At first i will talk about what is NOT my „system”: This is not a lot of well colored indicators. You have to delete almost all of them you don’t need them anymore. They are from the price they are slow and in late. Who talk about these they are not traders they are illusionist.

I can not say what’s my trading system exactly because there aren’t rules in stone. I try to explain what i am doing USUALLY (the usually and the sometimes will be the most common words ;)):

Enter: I always thinking about support and resistance ZONES, NEVER a specific price! If i will enter in a trade i marked a zone and in this zone i look for some price action. I pay attention the candles, the trendlines, the round numbers, fibonacci, etc… in this zone. I think the most people look for a specific price to enter but you have to think about S/R ZONEs. One of the most important thing is entering the trade. Don’t forget: If you get on the train in a correct way you will be closer to your destination like before that’s SURE. The enter levels are price ZONES these are the keys of the trading! I usually enter the trade by manual sometimes i use limit sell/buy.

Stop loss: My stop losses are 20-65 pips usually it depends on the market conditions.

Exit: The take profit levels 20-80 pips. I have more take profit levels i „feel” it is the end of a movement i close. The feeling is comes by the experience.

Take profit: At least i need a R/R=1/1. The first TP level is usually so many pips like the SL but as i told it no rules in stone… If the market doesn’t give more i take 0,8 RR. You have to improve your own skills to hear the whisper of market sometimes it’s better to close the position. Of course everybody have a lot of „wrong” decision nobody knows the future. Sometimes i quit to fast or too late… Don’t forget my fellow traders: In this bussiness are only ODDS!!!

CAVE: One thing is the most important in this bussiness: Don’t give up too early!!! This is the key of success!!! At the first 8-20 months maybe you will feel you don’t know when to exit you don’t find the correct entry point in the zone, etc… After the practice it’s come by yourself.

Eur/gbp the last week…


[QUOTE=“traderprof;603548”]Eur/gbp the last week… <img src=“301 Moved Permanently”/>[/QUOTE]

Traderprof,

What are you trying to show with the picture?

We look for/would like to look for that kind of entry points…

Looking for short on NZD/USD 0.8335-0.8355…

Hit my 2 TP (40 pip)…


Today i was far from the trading. I watched the huge movment on EUR pairs from the line. Sometimes the fewer means more. The Consumer Price Index makes a very high movments. Usually i am avoid to the trading arround the important news: this makes the price movment unpredictable and these time are high spreads…

There will be always better opportunity, definietly!

I wish everybody a good weekend, in this week the NZD/USD give us ~40 pips…

Looking for long on CHF/JPY 114.46-114.76…

SL ~30 pip

can you win every week guy . i can win some week. but not always. some week bad i lose some money. as today. i lose 3 position. now i stop and follow market. .

Looking for short on USD/JPY 102.00-102.20…

SL ~20 pip

Buterfly you are talking a very-very important aspects of the trading… If you start the forex you have to accept, you CAN NOT always to win!!! You have loses time after time DEFINIETLY. You can not defend these.
A pro trader doesn’t worry about the next win or lose, that doesn’t mean nothing for him. He has sometimes 2-3-4 loseing trades with a negativ outcome. Do NOT CARE!!!

He is thinking and speculate about on think ALWAYS: the ODDs!!! This are far the most important to know in every single moment. If the ODDs are in your favor in a long term you will definietly WIN! That’s why we have to look for price ZONE to enter, where we have higher odds to win than loose. It’s so easy.

For example: We have 65% to win 30 pip and 35% to loose 30 pip, in 100 trades we will win 65x30 pip = 1950 pip, and we will lose 35x30 pip = 1050 pips. 1950-1050= [B]900pip[/B]. We earn 900 pips, which is f**king good, more than enough. Of course in this time sometimes we had loser days, weeks of course; but the odds are good, we earn money…

THE INDIVIDUAL TRADES RESULTS ARE NOT IMPORTANT IF THE ODDS ARE IN YOUR FAVOR!!!

On my way…


Looking for short opportunity on USD/CHF 0.8865-0.8885…

SL: ~ 20 pip

Looking for short on AUDJPY 91.50-91.75…

SL ~25 pip

Greetings, looks like great minds think alike!

We liked that zone as well, and talked about almost the same potential setup in one of our videos last night. Right now, first target in sight is just above 8850 handle. We were filled @ 8877 on the Swissie, and also took a short @ 7935 on the AUDCHF.

Swissie H4 Chart


Was watching this zone as well, but realistically would like to get short around 92 - 92.25. Keep me updated on how this one works out.

Also, I don’t want to over-expose :slight_smile:

You said there will be HARD learning, but I am seeing the simplest of s/r trading (which is not necessarily bad). Is there anything else??

Example(s)?