Tis the season for goal setting. Does anyone have any unique goals or dreams you’d like to share for the upcoming 2020? Maybe give an aspiring trader something similar to shoot for.
Always remember, everything in life was once a dream to someone, maybe to you personally.
So perhaps I can share my own plan for 2020 and inspire some others to also share their thoughts for the coming year.
A couple of years back I started expanding from pure FX towards commodities and indexes. I started with Crude Oil and that was fine until the trade wars put a lid on prices. Then this year I started with SP500 and that has also been great all year. But I suspect we may be entering some unsettled times with it next year and so I am looking for something new again.
So I have decided next year to try trading what is possibly the oldest currency in the world (outside simply bartering) - Gold.
This is a brand new commodity for me and I want to learn about it as a commodity alongside actually trading it. E.g. its history, industries, production, distribution, markets, and so on.
I am currently pondering whether to open a new thread for this purpose and am exploring some ideas about this.
Hello @anon46773462, sounds like you have a jam packed ‘20 on the way. Great reading and yes, very inspiring in my opinion. I’ll stick to forex. I’ll be rootin’ for ya.
Thx Reno
I have plans to expand my knowledge on trend following. I have been a bit successful in using this method and I want to broaden my view on it while also improving my intuitive skill and psychological trading prowess.
Hello @zrrsys at first glance, I thought those were fractals. I use fractals. I don’t think those are fractals. Thank you very much for sharing.
Thx Reno
Well, I believe in goal setting, but I have a very simple goal for next year. I’m kinda hooked on the 1H TF. I could probably do a bit better on the 4H.
Consistency is the other tough one for me. My work has me up at odd hours. My consistency overall could be much better than what it is. I would like to be FT trading within a year.
when i analyze the past data i get only triangles
so i thought why not draw the other half
and as you see the outcome were arrows pointing up or down and diamond shapes
i am currently trying to understand what those shape means
one thing i noticed
whenever a diamond shape appears price go in a long range something like doji
Yes, Gold is interesting in that it is both a physical commodity and a financial instrument/ pseudo currency. It certainly has its own unique quirks - and… it is somehow heads above the Brexits and Tweets of the common currency! Indeed a noble element
There was a nice bull run mid-year which has now sloped off since September - but since then we have been creating an interesting formation that is remarkably similar to that formed in the 3/4 months preceding that run up to September.