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TRADEZILLA

Skype Room for Full Time Traders

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I think Siuya has it right in that my method is not systematic but more of a "weighing process" though there are some rules around it.. I can explain it simply but the application will require multiple charts and they come in many combinations.. I'll admit the method has its weaknesses by allowing a subjective/psychological component to enter but I believe it will be there regardless.. Its the method I've settled into to chase the odds for better or for worse..

 

I see the odds as being dynamic and real time and never absolute. That's why I don't believe in a systematic approach. The reason I believe that is because if there is a systematic method that exists that can capture the market inefficiencies consistently, to profit consistently, that's what the big institutions will focus their considerable resources on. Yet, their most profitable automated trading comes from front running big orders to scalp 1-2 ticks by computer speed rather than high science methodology.. This tells me that if they can't do it, I doubt you and I will be the genius to that road... However, I do know there are consistently profitable traders out there.. They can't be more disciplined than a computer.. so although discipline will prevent you from blowing out, its not likely to be the secret of their consistent trading profits.. I think its because they found a way to gain the odds from themselves, which means there has to be some subjective analysis that exists.. Its not the magic methodology, which is only a roadmap, its likely to be their experience that's giving them the edge.. In other words, its how they can put it all together that's giving them the edge.. so that's the path I seek.. I don't use indicators because I believe it will handicap a trader's goal to grow in that experience.. I play the odds by combining data..

 

Also, I've come to a late realization that a trade is not worth taking unless it has potential range. The reason I believe that is because every time you place a trade, you risk your stop. My stop is 2 pts and that range can often be random unless you timed it perfectly with both location and confirmation.. I believe a 2 pt stop for a 2pt profit potential won't turn you into a consistently profitable trader.. The old adage that you have to cut your losses early and let your profits ride is repeated by all the good traders for a reason and I'm finally a firm believer and looking at my data is the best way I've found to do it for me, which is reading the market.. I'm not saying I'm a master at it but that's the direction I look to grow and my quest for the holy grail.. If there is a magic indicator or a perfect method out there, believe me, it can be automated.. Yet, there are so many traders out there that think "they" are amongst the few elite traders that have a closely guarded methodology that always put the odds in their favor.. I just don't buy that..

 

The reason I don't believe that is because casinos only have a 2-3% edge, yet they clean up.. Why can't we with our great methodology have more than 2-3% edge.. The reason is because what you think is an edge at all times is only an edge in certain conditions.. I believe the key is to recognize the conditions and it comes from reading price and reading the market.. Its how you put it together..

 

Now I don't want to come across as a better trader than I am.. I make plenty of mistake and show many of the same weaknesses of not holding and reading it wrong and etc.. but my results improved after I moved away from a systematic method..

 

BTW-I'm getting a lot of interest in the skype room now and you all sound great.. I'll just need to talk to my friend and we might re-consider the idea..

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I have been running similar open trading chatroom for about 8 months. I agree, that without a full time moderator (any - good or week) the chat tends to become more and more social event rather than any help for a trader. It is exhausting to be a volunteer moderator, therefore I am about to withdraw.

 

Nevertheless, I am using a browser (flash) application, which might be more suitable for you than Skype. It is embeddable, free, anonymous, voice + word + whiteboard, and has sufficient tools to mute useless visitors.

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we have an unlimit people skype room with the best signals based in math concepts,add me to my skype davidvizides if someone is interested,

happy pips¡¡

 

I might find this useful. I have bee trading using American Literature concepts and didn't get too far. I think trading using math concepts might be more advantageous. Thanks for sharing.

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i recommend this group,so guys sign in for free,the maths will tell you the true,we are one step forward orderflow, we never guess the market again,my skype davidvizides,

 

good trading for everyone¡

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Hi All,

I'm looking to start a skype room for full time traders only. This room will be audio so nobody has to type. The goal is to have colleagues discuss the market in real time and have fun trading with others.

Thx,

TZ

 

Here's an idea for a free trading room I built over the weekend.

Moderated Message:
DELETED LINK

 

Contact on site for suggestions and comments.

Edited by TheNegotiator

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Now I don't want to come across as a better trader than I am.. I make plenty of mistake and show many of the same weaknesses of not holding and reading it wrong and etc.. but my results improved after I moved away from a systematic method..

 

yep agree, we must read the market and act accordingly, it's that easy. but the risk is great just like a mis-funded casino.

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yep agree, we must read the market and act accordingly, it's that easy. but the risk is great just like a mis-funded casino.

 

I don't think its easy by any means because there are many variables that have to come together..

 

First, you have to have a "real" edge that puts you on the right side of the trade...

Then you have to have a good sense of levels to put you into a trade..

Then you have to survive the stop loss fluctuation before your anticipated move materialize, which is the most dangerous part of the trade.. This fluctuation has a 2 pt random aspect to it that will mess with your head..

Then when you miss the trade because you're either too slow or wanted a better entry location, you risk the temptation to counter trade the other direction against your better judgement...

 

Its not easy at all.. In addition, the market will always give you reasons to trade both sides..

 

Today was a good day for me but it could have easily gone the other way even when you get the bias right...

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Hi Tradezilla. I'm a full time trader of e-minis, mostly TF, and ES. I'm a very short term scalper and avg anywhere from 50 to 250 RT's a day. I would love an opportunity to check out your skype room. How can I get info to join? Thanks for the opportunity. I look forward to hearing back from you.

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probably not as we do not have anymore information about it....successful trading must be blamed :)

 

TW

 

LOL... I was referring to the SKYPE room referenced by avir4tg and not the Super Secret Super Profitable Special room that can control and manipulate the ES markets with only a 100 users... LOL

 

Thanks for the reply

 

dwt

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LOL... I was referring to the SKYPE room referenced by avir4tg and not the Super Secret Super Profitable Special room that can control and manipulate the ES markets with only a 100 users... LOL

 

Thanks for the reply

 

dwt

 

:)....I still the answer applies for that case too :)

 

TW

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hmmm, not a bad idea though.

Some traders like to work alone and some want to work in a group. For those who want to work in a gr8 this could be a good way to communicate with each other quickly.

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There are trading rooms in Paltalk as well.

 

Go to Business & Finance and then go to Daytrading and you should see some rooms.

 

And they are open for anyone to join in?

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