- Is this you?
- How long have you been doing this?
- Did you actually do this on a live account?
Ok then its time you re-analyzed all of this hopscotch madness! Lets look at all the systems you have used to date. Lets write down what you liked about each one, and then lets see which one suits you.We are not just looking for consistency in gains, but consistency in the trader.
Posted by: drumr in technical analysis on
Jul 21, 2008
Good new traders and interested parties, drumrtrades.com is back up and running on a new server. I plan on updated the site multiple times per week but no more than once per day.
I am also open to discussing my trades with those who inquire and are willing to listen. So please feel to contact me here or on the chat server. Thanks for looking and good luck with learning and trading. as always you are welcome to our sites and please tell your friends and bring new and experienced people.
Here's some information on the last topic traders seem to navigate to but it's the one that should enable you to at least survive and hopefully to thrive in trading. I don't claim to be an expert on the subject but here's some of what I've picked up along the way...
I've only been chatting here at ircforex for six months but in that time I have lost count of the many traders that have come and gone. Sure, some of them just hang around long enough to get started but many of them leave after letting us know they have ruined their accounts. One recurring trait I notice are that they are all intelligent people so I'm left wondering what they were mostly lacking to be able to succeed.
Are you a high roller?
Some of you reading will want to learn from Mr. Leeson, he hedged and squalled and brought a bank down.
Hello
I felt it was time that i shared my trading method with everyone here. To be honest, A video would be much better than a post for this, so maybe i'll put one up sometime. But for now this will have to do. I apologize if this method has already been developed by someone else, but i came up with this on my own and without any help. With all that said, lets start with an explanation of why i trade the way i do.
What is a trend? 
A trend is when a single currency goes up or down over an extended period of time. I see alot of people on forums trading based on what a single pair does such as AudUsd or what have you. So for instance, if the AudUsd was in an upward trend....is the Aussie Going up?....or is the Dollar going down?.... Do you see what im trying to say? If you have All of the Aussie's Pairs on one profile and all of the Dollar's Pairs on another profile and compare the two sets of charts you would easily be able to see which currency is causing the trend on AudUsd. In this particular case...its the Aussie!
I found a trend! "Well thats great.... but why should i care which currency is causing the trend?" 
Well.... so you can know when to get out of the trade! Getting into a profitable trade is easy....but knowing when to get out is the hard part. Too many traders hold onto their trades for far too long in hopes of more profit.... this is not a good way to trade. If you could see with your own eyes, the deterioration of the trend you are currently in... you should have no problem whatsoever closing the trade with your profit in hand!
"Well alright then... Sounds great but...what should i look for in order to know when a trend has ended?." Divergence!! If a trend on the AudUsd is happening because all of Aud's pairs are going in the same direction.... the end of the trend should be when those same pairs are going in different directions ( up down and sideways ). This signifies that Aud no longer has control over the trend ( since the pairs are going in different directions now ) Aud is no longer strong enough to keep the trend going...at least for now.
Time to get outa this trade! 30 pips profit, yay! I only use 1 indicator for all my charts "Heiken-Ashi" This is the colored candles you see on the chart, its a better way of charting candles ( at least i think so ). Google it and give it a try.
" Okay Mr.Trading Guru... Since your method is soo awesome like you say... you must be a billionaire right?..." Hehe... no im not. I havent made any money from trading this method yet.
"Well why not?...dosnt your method work?..." Yes...Every time!...I can detect all kinds of trends with this method.... long profitable trends...AND short non-proftiable ones as well!! This method is a trend detector for sure!... Its those short non-Profitable trends that are keeping me from trading this method with real money. Im still trying to find a way of filtering them out.
"well okay... the trade you posted here in this post was pure Luck!...Bet you can't find another trade like that again!..."
Oh?...Well, shortly after i closed that Aud trade i found this....
What do you think will happen to this trade?... Will it be a long and profitable one? or a short and unprofitable one?...
(in case any of you were wondering, it was a short /unproftiable trend)
I just wanted to say to everyone, thanks for taking the time to read this post. I know i dont frequent ircForex but i LOVE this site! ^_^ I really do. Ive been a trader in progress for the past 2 and a half years ...full time!.. so that has to count for something right? Anyway, i just wanted to share my progress with you all and hope to have lots of feedback. See you all in the chat room! 
Posted by: drumr in miscellaneous on
Jul 02, 2008
