What you have done differently if you were starting now?

mrnice · November 24, 2009, 6:19pm

Advice for newbies?

EL_TORO · November 25, 2009, 12:29am

Practiced for another six months and not listened to some of the “experts” on Bloombergs and CNBC. After all, an ex is a has been and and spert is a drip under pressure.

kalesh · November 25, 2009, 3:30am

Traded my system
not listened to whatever the rest of the world was screaming
not given in to greed and fear

pipsnorter · November 25, 2009, 3:35am

go fishing, swimming, sailing and playing, drinking and enjoying life - instead of staring at charts and studying forex 24/7…there is more to life than this

kalesh · November 25, 2009, 3:54am

Umm just what are you doing here then?

Sweet_Pip · November 25, 2009, 4:01am

I would have learned more about “Wave Action” and then “Price Action” instead of indicators so much.

I define wave action as being the way price moves in up and down swing waves, and swings within swings, which creates support and resistance areas. Then how price reacts at those s&R areas is what I define as price action…candlesticks formations… to give a clue as to whether it will break or bounce those areas.

Indicators can then add another dimension to the trading decision making.

I also now only back test in the “session” that I can trade in. No point in taking trades that have more success in other sessions that I can’t trade in (due to full time job). It’ll only lead to frustration and poor decisions.

charlyher · November 25, 2009, 8:20pm

I guess I would run far away from ex, who is overly hungry for money.
She wants more and more; she’s trying to bleed me dry.

Now when I think about it, I should have taken a trip with her and leave
here in Africa or something. You know where all the crocodiles are located.

EL_TORO · November 26, 2009, 6:46am

Or taken her swimming with dolphins.

“Darling, they look more like sharks than dolphins”
“Don’t worry sweetheart, they’re definately dolphins”.

charlyher · November 26, 2009, 7:07am

You know, she makes at least $2k a month. She and her new husband
has a combine income of more than $4000k a month.

She wants me to feed her with more money. She is bleeding me dry.
The ordeal will be over sooner or later.

This is what I believe. I believe she has a death wish.
However, I don’t have the heart to kill anybody. If I was really evil,
she would be in HELL by now.

Good conquers all. It is like a football game. Only one team can win
in the end. There is no such thing as win-win situation.
Either God prevail or the Devil prevails. Of course, this is just an analogy.
If she ain’t on my team, I don’t need her. And if you so and so is not on
my team, I don’t need them.