Welcome FXsurfer

[Leth]

Tell us a little bit about yourself, your experience, psychology, and methodologies in the marketplace....

[FXSurfer]

Originally Posted by Leth

Tell us a little bit about yourself, your experience, psychology, and methodologies in the marketplace....

Hello Leth and Everyone here at the TL!

I'm a new wannabe trader originally from the Midwest and living
in Seattle for many years.

I've had some crash-and-burn experience with stocks and futures
some time ago. Since then I've turned into a student of the markets
to find my way.

I've played with many indicators and approaches - until they've
almost made me nuts.

Now, I'm trying to go back to the most very basic approach to
trading possible - and things are getting much better!
Clear mind, paying attention to what's happening in front of me,
no indicators, no systems.

I'm glad to share what I'm working on if you think that it might
be of interest. Just point me toward the appropriate area of the
forum. Of course, it's a work in progress...and always will be.

Thanks again for the welcome!
Brent

P.S. I will say again - NB trader, no statements, no fantastic
tales of riches from a HG system, etc., etc.
LOL

[Leth]

to talk about your experiences and what your working on...this thread would be a good place to start. from what ive read...you come across as honest which is refreshing. tell us about your crash and burn experiences, specifics on how you approach the markets (methodically or psychologically).
Also, feel free to post questions, answers, opinions, ahas, etc. in any thread you see fit. we are all students striving after the same thing...to be better traders. welcome to the family.


leth

[FXSurfer]

To anyone who's interested:

You can see from the above screenshot my setup.
I have all but done away with the charts. Just a
Price Scale remains. Like most charts, it auto-scales.
During active market times price trends to and through
the edge of the scale. This also causes (via auto-scaling)
the price scale to expand. So, after a little time spent with
the setup, you can pretty easily see whether or not the
market is active or dead. Trading is simple. Wait for price to
push through the edge during an ,at least somewhat, active
market time and trade with the flow. You will be able to easily
see when the push is over when price slacks off and starts to
return to the inside of the dead zone. I use short TF bars (30 sec.),
which I make transparent, but I would think that about any TF
should work fine. Of course, there are other ways to use the
setup. Like fading the range, for example. But, for myself, I just
want to choose one setup to focus on.

Simple, right?

I'll post examples if anyone wants.
I'm really curious to see if anyone finds this of interest,
or if it makes any sense to anyone else.

Also, if you don't mind, could you refrain from trying to
talk me out of trading Forex, short TF's etc., or from trying
to sell me on your favorite indicator.

Enjoy! (?)
Brent

[FXSurfer]

Attached are shots of both active and inactive
market conditions as they appear on my setup.
See the difference?

[Soverus Khan]

fascinating.

Wanna buy my indicators?

Sorry, poor taste, but I couldn't resist.

How do you approach money management with this approach? I use zero indicators while trading intraday, so this is peaking my interest to say the least.

And welcome to the boards!!