Hi there, my name is Ivan, FX trader. After studying varies sources of information for the past few years, my understanding of the FX market has improved dramatically, with this blog simply intending to share with you all a journey within my mind. When I make it to full-time trading, I know the first person I should be grateful to is an Aussie PA trader named Jonathon; He has been inspirational and an enormours influence to gauge where the money flows to. His trades can be followed at http://forexpriceactiontrader.blogspot.com/ . What price is telling you is key, as it always whispers in low or high intensity what market intentions are. I do not endorse the use of any indicators, as they are lagging in nature; analysis should be based on pure price action. Besides, other factors like sentiment, fundamentals, risk control, rock-solid discipline, thousands of hours readings charts, also make up the equation to succesfully ride the FX waves. When entry triggers are detected, I act without hesitation, letting the market do its thing. Please note, information and opinions contained in this blog are for educational purposes only and do not constitute trading recommendations, thus will not take responisbility for any losses viewers may have. Trading FX carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. You should not invest money that you cannot afford to lose.







Sunday, 13 February 2011

The real reason behind my blog...

I wanted to take the liberty to explain what has really pushed me to set-up my blog in this exciting year 2011, how all started. As some of you may know, I made my first steps in the Forex market at LTTTM, mid 2009. However that was just the very beginning, later on I noticed I had to go another few extra-miles if I were to really improve my skills, I wanted so bad to move to the next level in my trading, as I still was trapped in a cycle of boom and bust.

By mid-2010, I embarked upon a new era of trading ideas, complementing my arsenal of strategies with extra tones of worthwhile info out there, all based on pure PA. As I was moving forward, I stumbled across Johno, and that was a true pivotal moment in my trading career (I am sure you all felt somehow the same). He started to share, out of his good will, priceless tips, info, extra ideas to become better traders, he went much more in depth than anyone else I had learnt from in the past. As months passed by, I had been totally dragged into learning how his mind reads the charts, and from that moment onwards, my interventions in the LTTTM forum began to fade away substantially, focusing almost exclusively in his new way to interpret the information.

As I recently explained to one of our followers in a private email, my absence in the forum LTTTM was mainly driven by the abysmal gap between how a novice trader mind would function, and that from someone else with absorption of enough knowledge to know what he is doing. As everything in life, human beings we are conceived to evolve and develop to our full potential if surrounded by the right people ( I believe Jonho is!!!), so when this internal weapon of self-improvement was being constantly disturbed by the bombardment of posts without any substance behind, I thought was time to make a move... you feel the need to somehow shift towards a space with less noise; with the creation of the blog I could solve this issue, while still be surrounded by a bunch of like-minded traders. Note I have nothing against a newbie, we all have gone through that stage, however when someone gets to a decent level, you either move to play in a different league or you may get stuck, that is at least how I felt.

Furthermore, my decision to create this blog was heavily weighed by the need to be held accountable. We have long been taught that trading should be treated as a business; organizations have to open their books and show the numbers, so that stakeholders are satisfied in the way the executives are running the company; they also have to go through an auditing process to make sure they comply with the rules and that they are not caught cheating. I think there is no better way to continue in this ascending path than showing how I run my business in a daily basis. I have committed not to only post my entries live (if time allows me to) but also post my weekly account summary, thats as openly accessible as I get. Besides, another force driving me forward is "expectations"; when an individual is expected to perform in a certain way not to disappoint his followers, that creates a burning desire to get the results in line with those expectations. Not always may work out as planned, it may even not work at all, what I am definitely confident about is that it will help to put the odds in my favour to one day scream out loud ... My long term goal of financial independence has been reached!!!

4 comments:

  1. I remember you Ivan as one of a handful of posters on LTTLM to take any notice of. I also remember that you stated your location as Thailand, do you mind me asking how you came to be out there? (just interested)

    Mark

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  2. Have been traveling to the country quite often since 2007, then late last yr I decided was time to make a move, I have long been drawn by Thailand and its culture. I have applied for a student visa.

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  3. Good to know, Ivan.

    In case you descend south, either both countries, let me know. I frequent back and forth (:

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  4. Great to read your blog Ivan!

    Thanks for sharing,
    Sean

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