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Post by lorrainep on Jan 16, 2016 11:40:22 GMT -5
I'm Lorraine Pierce. I'm from Florida, but live in Texas since 96. I've been an entrepreneur my whole life, always trying new business ventures. Never thinking that I am defeated when something didn't work out. Neither my husband or I have had a boss since 2003, so I think we won Finally started a business that was successful, LA Minerals, a cosmetic company that I created. However, it is time consuming and inescapable for any length of time. Longest vacation I've had in 15 years is for 10 days at a stretch! I've been fascinated with Forex since BEFORE the internet! Yup...that's right younguns, there were people trading FX before the internet and personal computers A customer of mine stated that he traded FX for a living, and every time I saw him I picked his brain about it. Well, I finally started to take the time to LEARN it about a year ago, after losing money trying to go the easy road, you know...following gurus and trade copying. Busted a few accounts on FX and Nadex. This past year I have really focused on finding ONE system that is good and following my trading rules. I am starting to have success and really enjoying not being distracted by shiny object syndrome. No longer am I downloading 5 indicators a week, or following this guru or another. I'm here to learn and study price action, as I realize that is what really counts in forex.
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Post by traderAllen on Jan 16, 2016 13:02:57 GMT -5
Welcome to Wall Street 2 easy Street, if you haven't been there be sure to check out the webpage for the basic understanding of our trading methods WallStreet2easyStreet.com and don't miss the YouTube channel I have lots of information there as well. The Journal section of the forum here is also very informative probably what you will find there is the truth about trading, it is not easy. But the fact is the better you know your opponent as with anything else the better off you will be. As you study and learn about price action what you're really doing is learning about other traders. How they trade, what are they doing. As retail traders we do not move the markets. Our goal is to be able to spot what smart money is doing and trade with them. Feel free to ask any questions you have as the more you participate the more you will learn,The more you learn the more we all learn. TraderAllen
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Post by Segwin on Jan 16, 2016 19:26:02 GMT -5
Welcome.
Indicators have their place, especially RSI, as far as I'm concerned. What matters is being able to see what is happening and then refer to an indicator to determine entry. For example, looking to go long when RSI is 70 or above doesn't make any sense. It is true that you may be able to enter long and have a go at it but more likely you'll be looking at the front of a freight train heading toward you.
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Post by lorrainep on Jan 16, 2016 20:01:54 GMT -5
Welcome to Wall Street 2 easy Street, if you haven't been there be sure to check out the webpage for the basic understanding of our trading methods WallStreet2easyStreet.com and don't miss the YouTube channel I have lots of information there as well. The Journal section of the forum here is also very informative probably what you will find there is the truth about trading, it is not easy. But the fact is the better you know your opponent as with anything else the better off you will be. As you study and learn about price action what you're really doing is learning about other traders. How they trade, what are they doing. As retail traders we do not move the markets. Our goal is to be able to spot what smart money is doing and trade with them. Feel free to ask any questions you have as the more you participate the more you will learn,The more you learn the more we all learn. TraderAllen Thanks for the welcome and the tips! I have FPAS on order. Should be here by Tuesday. I've watched a lot of video on Steve Mauros Market Maker Method, so I learned a bit about our 'opponent'. But Mauros trading setups are overly complex, in my humble opinion. I'm excited to learn more about price action here Thanks!
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Post by lorrainep on Jan 17, 2016 8:36:53 GMT -5
Welcome. Indicators have their place, especially RSI, as far as I'm concerned. What matters is being able to see what is happening and then refer to an indicator to determine entry. For example, looking to go long when RSI is 70 or above doesn't make any sense. It is true that you may be able to enter long and have a go at it but more likely you'll be looking at the front of a freight train heading toward you. Very good point about looking at price action and then refer to an indicator for confirmation. I have generally done the opposite.
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