Rude health my friend, better now than I have ever beenBlack Ice wrote: ↑Wed Jul 11, 2018 11:19 amVery good to see your jolly green man back on the forum Jolly Green! I hope that means your health has improved? Your classic tip about watching WOM & seeing something so that you can react before it happens..from years ago...well...i've looked....& looked....& looked...but to no avail.!! Perhaps i'm just too stupid! But any further advice on that one??
Market movers - a little guidance.
- JollyGreen
- Posts: 2046
- Joined: Sat Mar 21, 2009 10:06 am
I’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
-
- Posts: 686
- Joined: Wed Apr 15, 2009 5:29 pm
There's a lot to be said for having a simple idea, and sticking to it (if it works). Things that stand you in good stead - knowing what works and why, having it simple enough to follow time after time, and you have the right mentality when it comes to winning AND losing. That last bit will put you ahead of the majority, obviously it's meaningless without the first parts...Trebleit wrote: ↑Sat Jul 14, 2018 8:59 amI’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
Regarding strategy, a simple idea, based on something very few other people have considered is sometimes the most powerful.
Possible things that might give you a head wind - the set up is similar to a lot of other people that are trading, discretionary trading based on eyesight and experience alone can be hard to reconcile (esp during bad patches) - it's easy to start questioning yourself, changing what you're doing and so on without a lot of notes, recordings of what happened / data that help you analyse the decisions you made. The feedback part of the process is really important, so it's worth probably making some attempt to record in some way what went on... you may not know what to do with that right now, but think of it as insurance...
Best of luck, put as many things as possible in your favour on each trade, and beat it over the head with consistency.
I think one of the issues learners have is that they look at the videos that Peter has produced on YouTube & get confused how he manages to successfully "predict" where the price is going on various types of markets.Trebleit wrote: ↑Sat Jul 14, 2018 8:59 amI’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
Cheers
He uses charts, so do I, but he is more experienced at reading charts than me, he has I believe nearly 18 years experience of reading charts, me?, less than 2 years (after the 1st two years of my 4 years experience being playing about with the ladders).
For me the charts tell the story where it matters.. the here & now, yes the ladders & BF Charts are useful with regards telling the story of it's past but you're not looking trading the past, your looking to solve the future & for me the Advanced Charting along with ALL features of the Market Overview Chart are paramount, but on some markets not all..now THERE's a puzzle.. but can be answered (I think) on one particular video Peter has done.
I think Peter is a very clever person with his pre race trading videos.. extremely clever, he basically gives everything away in my opinion but not in the way you would expect, I think one needs to pick every video he produces to pieces with the finest of fine tooth combs to extract some very valuable information.
My issues are with concentration, like last night things were going well & for one inexplicable reason I got involved in an Irish market with reading the charts, I guessed the move - for me that is a very stupid thing to do, no real harm done but mad at myself for not sticking to my rules.
Start with trying to master one particular type of move, use & modify the charts to your liking, this is my set up..
Took me ages to get a set up that I am happy with and I suggest you do the same with your set up, I'm still learning and will probably change the set up again if & when I find something that makes things better, one needs to constantly evolve.
You do not have the required permissions to view the files attached to this post.
- JollyGreen
- Posts: 2046
- Joined: Sat Mar 21, 2009 10:06 am
Well you have pretty much described my setup so in my humble opinion you are doing just fine!Trebleit wrote: ↑Sat Jul 14, 2018 8:59 amI’m going to take the plunge and ask a question which is highly likely going to amuse you pro traders... but here goes.
I realise there are some extremely clever people on this forum who have the knowledge to use excel, code, automate trades, use complex charts etc etc. Most of this for me is about as possible as finding rocking s***.
I’m a pen and paper kind of guy who’s life has been spent winning and losing money, so I’m not phased one bit if a trade doesn’t work out I just accept and move on.
I believe the principle of trading is quite simple, the price either goes up or comes down. So that being said in your opinion would it be possible to trade successfully in a very simplistic manner?
By this I mean I’m trading with two screens, one obviously with the ladders ( 500ms refresh) and the second with the overview chart and a basic graph which refreshes every 2 seconds.
Jolly greens recent posts regarding spoof money and market movers I believe he was tying to say keep things simple.
Cheers
Whenever the topic of trader's system setup is mentioned I immediately chuckle and think of this https://youtu.be/arCITMfxvEc
now THAT is funnyJollyGreen wrote: ↑Sat Jul 14, 2018 10:54 amWell you have pretty much described my setup so in my humble opinion you are doing just fine!
Whenever the topic of trader's system setup is mentioned I immediately chuckle and think of this https://youtu.be/arCITMfxvEc
Thanks very much for your time and effort to reply, it’s appreciated.
I do now feel better knowing my basic setup is similar to Mr Jolly’s as I thought I was missing a trick not having a NASA style computer running a bank of screens!!
As for the very funny video clip JG, it hits the nail right on the head.
Cheers
I do now feel better knowing my basic setup is similar to Mr Jolly’s as I thought I was missing a trick not having a NASA style computer running a bank of screens!!
As for the very funny video clip JG, it hits the nail right on the head.
Cheers
I used to fear using three figure stakes but now don’t think anything of it, I used to fear using charts but now embrace them, took a while to learn but I now find them extremely useful, my next step is automation, I fear this feature because I don’t understand how to get the best out of it BUT am willing to learn, my lack of “coding”, computer programming is truly shocking but as mentioned am willing to learn which I understand if not from that background will be a slow process, human nature is to fear the unknown, ask questions, try stuff, be patient.. you may find something no one else has through trying.Trebleit wrote: ↑Sat Jul 14, 2018 1:13 pmThanks very much for your time and effort to reply, it’s appreciated.
I do now feel better knowing my basic setup is similar to Mr Jolly’s as I thought I was missing a trick not having a NASA style computer running a bank of screens!!
As for the very funny video clip JG, it hits the nail right on the head.
Cheers
Don’t dismiss what you don’t understand, learn from it.
- BetScalper
- Posts: 1139
- Joined: Sun Jul 02, 2017 10:47 pm
WOM is not defunct in any way. You just need change the way you read it.
You also need to make some changes in its configuration via the setting's tab.
You also need to make some changes in its configuration via the setting's tab.
- Crazyskier
- Posts: 1166
- Joined: Sat Feb 06, 2016 6:36 pm
Lovely to see JG posting again. learned a lot from his posts when I started trading a couple years back.
CS
CS
-
- Posts: 2
- Joined: Wed Dec 05, 2018 7:37 am
Great read. Thanks for all of the contributions.
Absolutely love it. Less is more. Indeed.JollyGreen wrote: ↑Mon Jul 09, 2018 8:23 pmI will try my best to answer
>90% I am looking at the ladder, I can gauge most things from that. Once again, I believe less is more. Some people love charts and a complex layout but I find it all too much and find myself distracted. The money is king and once you can see it you have a much better chance of finding the move.
HTH
JG