This thread is going to be about my understanding of how the markets work. It will be a discussion of principles that work on all markets and all timeframes, based on the application of ideas found in physics and buddhist philosophy. I know that might seem strange at first, but the same principles that apply to our inner and outer reality are the same ones that drive the markets. You don’t have to believe anything I say here. Just filter everything through your own reason and come up with the conclusions. Also, I will never hold that the way I trade is the only way to trade successfuly. There are countless ways of making profits and countless ways of losing money. You just have to pick the ones that fit your personality and taste
Maybe just a few words about myself might be needed before we start. My name is Marian Busoi, I live in Romania, South-East Europe and have been trading live since 2008. Like most of you, I’ve had my share of bad experiences and my fair share of losses, until I realised that the real path to success must lie in the combination of two factors: proper knowledge (a viable market model) and self-discipline. If you only have one of these, you will still be a loser. Only by a combination of both can you begin to really trade. This is the same as in buddhism, where wisdom or compassion alone cannot bring you towards enlightenment. Both of them are needed, otherwise your bicycle is missing a wheel
I’ve been a coder for over 10 years. This has been helpful for me in my journey as a trader, because I could quickly test any ideas that came into my head or that I’ve read about on the internet (and the internet is full of junk information on trading, by the way). I’ve coded hundreds of indicators, developed my own strategies and even played around with custom EA’s. Like many of you, I pretty much bought and tried out all the major systems out there, that were marketed online as amazing stuff, along with fake statements. Needless to say, I quickly saw that they are just junk. Maybe some of you had better experiences with such things, but I am only talking about what I’ve personally experienced.
Today I run a site where I share part of my tools for free, along with educational materials and sell part of the indicators and systems. I’m widely known on the forums as BumaSoft. Many people ask me why I sell my stuff. Well, it’s mainly because I wasn’t born rich. I’m self-employed, but I just earn enough to pay my bills, enjoy my free time, practice trading and travel to different places of the world a couple times a year. Right now, I am not that well capitalised, so I don’t have so much money to invest in trading. Selling some of my systems is a means of developing passive income that I can use to fund my trading accounts, until I get to an amount that will allow me to derive all my income from trading. That’s pretty much it about myself and my background. The next posts will be completely devoted to the main topic of this thread: the market model that I use to make sense of the currency markets! Feel free to ask questions any time during this process.
[B]Courtesy of Rob, a PDF of the most important posts in this thread[/B]: here.