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hi new digital
this is my first post...
i started trade with saudi bank-i am from saudi arabia- before 5 years....i traded american stocks .. but i met also on daily basis currency traders...some of them earn milions.. some less.. but in general they are not working on indicators .. only support and resistance... some of them not speaking english...some of them do not even know -macd- ....but one of them speak english and very well educated told me the same point: do not rely on indicators...only depend on price...indicators tell you past stories only...
he was very succeful trader ....only trade on daily frame.. using support -resistance and breakout..with tight SL.
waleed9091,
If you remember from yahoo group they developed TSD EA. And some versions of TSD was programmed by Mindaugas. Remember? According to his name spelling he should be from Lithiania. And the person I spoke with who does not care about any indicators and EAs was from Lithiania as well. And this Lithiania as I know is the very small country. Thus, there are 2 approach to the Forex trading:
- using indicators and EA for more interpretation of the data for example,
- and not using anything except the fundamental analysis.
Right?
Right.
So, if one person decided to open sell order next day by his 10 or 100 billions/millions dollars to move the price down by this money all that I must do is to call him and ask "when" and "sell or buy" (to join)? Right?
Can anybody clue me up about this second approach?
Last edited by newdigital; 11-19-2005 at 09:08 AM.
Great site indeed. I am a big fan of TSD as well, and I think if it is wisely used can be a very profitable trading system. I went live 3 months ago, and really enjoying the ride.
Great site indeed. I am a big fan of TSD as well, and I think if it is wisely used can be a very profitable trading system. I went live 3 months ago, and really enjoying the ride.
Is TSD a trading system?
So, you trade TSD and you are enjoying the ride. I see.
So, if one person decided to open sell order next day by his 10 or 100 billions/millions dollars to move the price down by this money all that I must do is to call him and ask "when" and "sell or buy" (to join)? Right?
Right, mate. That's it. If you had information from insiders, you wouldn't need anything else to make a lot of money. A LOT!!!!
I have a friend working in a small swiss bank. One day he sent me an e-mail with this: "Big one selling now".
I did the same and I made 54 pips in 5 minutes.
This is true like the need to stress that, if you want to make money trading this market, you should star with no less than 50.000$
Right, mate. That's it. If you had information from insiders, you wouldn't need anything else to make a lot of money. A LOT!!!!
I have a friend working in a small swiss bank. One day he sent me an e-mail with this: "Big one selling now".
I did the same and I made 54 pips in 5 minutes.
This is true like the need to stress that, if you want to make money trading this market, you should star with no less than 50.000$
Yes. We need to start with the big money to use fundamental analysis only. Anyway it looks like some computer game with no rules written exactly. Few people are creating the rules (but not for us) and changing it all the time (without informing us). That is why we should be all together (united I mean).
Yes. We need to start with the big money to use fundamental analysis only. Anyway it looks like some computer game with no rules written exactly. Few people are creating the rules (but not for us) and changing it all the time (without informing us). That is why we should be all together (united I mean).
I do not care a dime about fundamentals. Forex for me is a "guerrilla" war. Hit and run, hit and run. That's why I rely on TA and I trade TF5.
They make the rules here. Of course, they do!!! Look, they sell and buy billions each day. And what do we do? We trade minis
So, we should act as those kind of parasites elephants have stuck to their tail.
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