I was about to write something quite long but I'm not here to write an e-book so I'm gonna make a bullet list instead.
So you want to trade. BEFORE YOU DO, here are the things you MUST know.....
1. FOREX IS A VERY RISKY BUSINESS and YOU CAN LOSE PARTIAL OR ALL OF YOUR MONEY.
2. YOU CAN'T BECOME A TRADER AFTER READING AN E-BOOK OR FINISHING A TRADING COURSE.
3. DON'T DREAM ABOUT MAKING TRILLIONS OF DOLLARS.
4. YOU MUST SUPPORT YOURSELF FIRST BEFORE COMMITTING MONEY TO TRADE.
5. DON'T QUIT YOUR DAY JOB JUST BECAUSE YOU WANT TO TRADE.
6. ONLY QUIT YOUR DAY JOB IF YOUR PART-TIME TRADING RESULT CAN GIVE AT LEAST 5X YOUR SALARY FOR AT LEAST 2 YEARS BECAUSE LOSING STREAKS AND DOWN DAYS HAPPEN.
7. IF YOU START EARLY YOU CAN TRY TO USE BIGGER RISK. BIGGER, NOT BIGGEST!
8. IF YOU START IN YOUR 40 OR 50 OR EVEN LATER THEN DON'T USE YOUR PENSION FUND AND DEFINITELY USE A SMALL RISK.
9. DO NOT JUMP FROM ONE TRADING STRATEGY TO ANOTHER TOO QUICKLY.
10. FIND A TRADING STRATEGY THAT SUITS YOU.
11. IT TAKES TIME TO FIND A SUITABLE TRADING STRATEGY.
12. TRUST YOURSELF.
13. LEARN FROM AS MANY PROFITABLE TRADERS AS YOU CAN.
14. TRADING IS A LONELY BUSINESS.
15. REVIEW YOUR LOSSES PERIODICALLY.
16. MAKE A TRADING JOURNAL.
17. READ AND RE-READ YOUR NOTES (REVISIT YOUR OLD TRADING IDEAS).
18. THERE IS ALWAYS A ROOM FOR IMPROVEMENT.
19. KRESLIK IS THE BEST PLACE TO LEARN TRADING, BAR NONE!
20. DON'T HOPE. PLAN!
21. DON'T ASSUME. TRADE WHAT'S IN FRONT OF YOU.
22. GIVE ME MY COFFEE
BONZ. Using technical indicators to trade.
Moderator: moderators
Re: BONZ. Using technical indicators to trade.
My threads
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
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- kiwiarian
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Re: BONZ. Using technical indicators to trade.
Don_xyZ wrote:I was about to write something quite long but I'm not here to write an e-book so I'm gonna make a bullet list instead.
So you want to trade. BEFORE YOU DO, here are the things you MUST know.....
1. FOREX IS A VERY RISKY BUSINESS and YOU CAN LOSE PARTIAL OR ALL OF YOUR MONEY.
2. YOU CAN'T BECOME A TRADER AFTER READING AN E-BOOK OR FINISHING A TRADING COURSE.
3. DON'T DREAM ABOUT MAKING TRILLIONS OF DOLLARS.
4. YOU MUST SUPPORT YOURSELF FIRST BEFORE COMMITTING MONEY TO TRADE.
5. DON'T QUIT YOUR DAY JOB JUST BECAUSE YOU WANT TO TRADE.
6. ONLY QUIT YOUR DAY JOB IF YOUR PART-TIME TRADING RESULT CAN GIVE AT LEAST 5X YOUR SALARY FOR AT LEAST 2 YEARS BECAUSE LOSING STREAKS AND DOWN DAYS HAPPEN.
7. IF YOU START EARLY YOU CAN TRY TO USE BIGGER RISK. BIGGER, NOT BIGGEST!
8. IF YOU START IN YOUR 40 OR 50 OR EVEN LATER THEN DON'T USE YOUR PENSION FUND AND DEFINITELY USE A SMALL RISK.
9. DO NOT JUMP FROM ONE TRADING STRATEGY TO ANOTHER TOO QUICKLY.
10. FIND A TRADING STRATEGY THAT SUITS YOU.
11. IT TAKES TIME TO FIND A SUITABLE TRADING STRATEGY.
12. TRUST YOURSELF.
13. LEARN FROM AS MANY PROFITABLE TRADERS AS YOU CAN.
14. TRADING IS A LONELY BUSINESS.
15. REVIEW YOUR LOSSES PERIODICALLY.
16. MAKE A TRADING JOURNAL.
17. READ AND RE-READ YOUR NOTES (REVISIT YOUR OLD TRADING IDEAS).
18. THERE IS ALWAYS A ROOM FOR IMPROVEMENT.
19. KRESLIK IS THE BEST PLACE TO LEARN TRADING, BAR NONE!
20. DON'T HOPE. PLAN!
21. DON'T ASSUME. TRADE WHAT'S IN FRONT OF YOU.
22. GIVE ME MY COFFEE
download.jpg
Nice, top notch. Very realistic and down to earth on how us newbs should approach this.
This would be good on the first page of a few threads as well.
I especially like 9,10 and 11 as that's a big one for me to focus on, which will naturally lead into 12 about trusting ones decisions.
Last edited by kiwiarian on Sun Apr 23, 2023 9:09 am, edited 1 time in total.
Re: BONZ. Using technical indicators to trade.
I have a much shorter list than Don
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
Re: BONZ. Using technical indicators to trade.
IgazI wrote:I have a much shorter list than Don
dis_r.png
Lmaoooo disregard women, acquire currency
Re: BONZ. Using technical indicators to trade.
IgazI wrote:I have a much shorter list than Don
dis_r.png
So these are the 2 best traders in the world
My threads
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
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Re: BONZ. Using technical indicators to trade.
Don_xyZ wrote:IgazI wrote:I have a much shorter list than Don
dis_r.png
So these are the 2 best traders in the world
monk trader.jpg
They could have been; if only they had balls
"Everything Should Be Made As Simple As Possible, But Not Simpler!"
- Yirbu
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Re: BONZ. Using technical indicators to trade.
IgazI wrote:Don_xyZ wrote:IgazI wrote:I have a much shorter list than Don
dis_r.png
So these are the 2 best traders in the world
monk trader.jpg
They could have been; if only they had balls
If you ever visit the Vatican, you will understand why they are not trading.
There is so much wealth stacked into that building, that it completely blinds the amount of wealth that's in our playground.
Dunno what the dalai lama has been doing
Re: BONZ. Using technical indicators to trade.
VERSUS
Let's see the comparison...
The Original BONZ with EMA High 7 and Low 7 vs. the alternative, BONZ 2023 with EMA 7 and 19 vs. Bollinger Band (7, sd 2) and Fractal combo.
Which one do you think provides the best value?
Let's see the comparison...
The Original BONZ with EMA High 7 and Low 7 vs. the alternative, BONZ 2023 with EMA 7 and 19 vs. Bollinger Band (7, sd 2) and Fractal combo.
Which one do you think provides the best value?
My threads
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Re: BONZ. Using technical indicators to trade.
Don_xyZ wrote:VERSUS
Let's see the comparison...
The Original BONZ with EMA High 7 and Low 7 vs. the alternative, BONZ 2023 with EMA 7 and 19 vs. Bollinger Band (7, sd 2) and Fractal combo.
AUDUSDM1 BONZ Original (MAHL 7).png
AUDUSDM1 BONZ 2023 11.png
AUDUSDM1 Fringer 113.png
AUDUSDM1 BONZ Original (MAHL 7) 2.png
AUDUSDM1 BONZ 2023 2.png
AUDUSDM1 Fringer 112.png
AUDUSDM1 BONZ Original (MAHL 7) 3.png
AUDUSDM1 BONZ 2023 3.png
AUDUSDM1 Fringer 111.png
Which one do you think provides the best value?
The market condition on 26 and 27 are perfect for studying any trading strategy because it is against this kind of situation that traders often get crushed. If they can survive this, then the rest of the days will be joyous.
My threads
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Re: BONZ. Using technical indicators to trade.
Don_xyZ wrote:VERSUS
Let's see the comparison...
The Original BONZ with EMA High 7 and Low 7 vs. the alternative, BONZ 2023 with EMA 7 and 19 vs. Bollinger Band (7, sd 2) and Fractal combo.
AUDUSDM1 BONZ Original (MAHL 7).png
AUDUSDM1 BONZ 2023 11.png
AUDUSDM1 Fringer 113.png
AUDUSDM1 BONZ Original (MAHL 7) 2.png
AUDUSDM1 BONZ 2023 2.png
AUDUSDM1 Fringer 112.png
AUDUSDM1 BONZ Original (MAHL 7) 3.png
AUDUSDM1 BONZ 2023 3.png
AUDUSDM1 Fringer 111.png
Which one do you think provides the best value?
Without the H8 bias though, this one reigns supreme.
Up, down, in, out and everything in between.
My threads
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
Patterns Observation
post148989#p148989
BONZ
post151670#p151670
MENTAL FORTIFICATION
post168148#p168148
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