Friday, May 23, 2008

predicting the forex market?

hello everyone

today very free i just want to talk cock
i feel like an old man reading all these old birds message.
i feel so old like i play forex for many years... haha old man game

is there a forex "holy grail" trading aviable? can profits from the market and make a living? all traders will do anything to get their hands on it. but is it even there? even if a successful trade have a trading method that is profitable. why would he want to let everyone knows? for free??? if the forex courses are so good as what they promised? then why the hell are they selling and teaching students??? i dunno about you but if i got a successful trading system, i just keep quiet and trade myself and have a good life.
how can i be a successful trader? what are the methods of trading?

lets talk about fundemental analysis first.
i dunno any fundemental traders out there are doing well? they must be very hardworking, i mean with all the information that is released everyday? some news will be good for you some news will be bad, bad news doesnt mean it will go down, good news dosent mean it will go up. sometimes in a few hours you have good news and bad news??? and the information released might not be accurate and real, they can "review" it. how the hell is fundemental traders trade these?? and there are tons of information and news that can affect the market. not only economics released. i got no idea

now lets talk about technical analysis.
i know there are many belivers of technical indicators, ie MA,MACD, RSI, Stochastic, etc. the list go on and on, everyday you will see new indicators. everytime a new indicator appear, people will believe that this is the "holy grail". but what excatly does all these indicators do? they draw some lines with historical data. yes this is the important word here. HISTORY, past tense. yes i know the price is moving up, it is over. does this means the price is going to continued to move up?? not realli, it might it might not. those who played long enough with indicators will know that what it showed, yes i know already just by looking at the live price action. to me now indicators is showing me a good summary of what "had happenED" and not what is going to happen. i know there are many successful technical traders out there. maybe they are just smart gamblers? sure i agree indicators are a good summary of what had happened already. and they make nice decoration on your charts. makes you look very "pro". my sister daughter jerica so funny, she saw my TNT charts and she say "wah very nice leh, like rainbow". and you saw vanessa charts? all the indicators so small and got so many squeeze inside the small UMPC screen. i dunno what the heck she is looking at ? most likely that the reason she lost most of her trades.

but we all know nothing or no one can predict the price movement???? nobody will know the next moment EURUSD is going up or going down. so if nothing can predict the forex price? then how can i make profits ?????? nobody said it was easy. in fact its very difficult

i feel i am going around in circle, testing this system, this indicator. every week i will backtest a new system or a new indicator i found on the internet. am i taking 1 step forward and 2 steps backwards? am i going round and round in circle????? the answer is NO!! i know deep down inside me i know how i feel, i know i am moving forward. to people that might not understand me they might feel i am going no where. but i know this myself, i dunno how to explain but i feel good every week doing testing and reading and discovering new trading theory. there is this voice inside me just keep telling me to go on, "just a while more, just keep working at it." as long as you ask questions, you will discover the answer. as long as i keep moving forward and forward, One day ......... i will break out of stage 2! YES! HAHAHAHAHAHA !!!!