Paul Tudor Jones: the art of aggressive trading
Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: Paul Tudor Jones: the art of aggressive trading

  1. #1
    Trader rinaji's Avatar
    Join Date
    May 2013
    Posts
    3,839
    Thumbs Up
    Received: 207
    Given: 311

    Paul Tudor Jones: the art of aggressive trading

    Are you a aggressive trader or scalper? What ever hearing about Paul Tudor Jones?

    Jones is starting the business as a broker then in his second year gotten commissions over $1 million that is very fantastic commissions. Jones had interested in trading when in college reading an article on Richard Dennis which made a big impression about the greatest job in the world. After Jones finished his college, Jones went to his uncle and asked to could help Jones to get started as a trader. His Uncle sent Jones to his first tutor The Legendary famous cotton trader, Eli Tullis, who lived in New Orleans, Eli offered Jones a job on the floor of the New York Cotton Exchange. And when 1980 Jones as an independent floor trader and successful within making millions during the next few years at there. Jones really impressive achievement within consistency of his performance because in three and a half years as a floor trader and he witnessed only one losing month. Very amazing performance of his trading.
    And what the best of him that Jones has emulated New York businessman Eugene Lang by setting up a fund to finance the college education in Brooklyn's. This is not only about donating money but also Jones has become personally involved by meeting with his adopted students weekly with organization the Robin Hood Foundation which Jones as Founder likes name's his foundation that it raises money from the rich and distributes it to private groups and individuals working to aid the poor. This is what i love about him. A success with fully love and get love from another human. Attitude of Jones when speaks about Elli Tullis as His teacher always with feeling admiration. Jones tells that Elli made the greatest impression on Jones was his steel hard emotional control. And when Eli Tullis could carry on a polite, relaxed conversation with visitors without blinking an eye, at the same time his positions were getting decimated in the market. That attitude and mind set is important things to being traders success. Character building lesson giving impact how to think critically. Eli Tullis taught Jones about moving volume.
    "When you are trading size, you have to get out when the market lets you out, not when you want to get out". Eli taught Jones that if want to move a large position,don't wait until the market is in new high or low ground because very little volume may trade there if it is a turning point.
    This my opinion, maybe like this picture what about that:

    For example that we can trading in little volume if that is turning point. Another example, there are probably going to be a lot of sell stops at Price 0.76208, if the market is trading 0.73208 aid, 0.77208 offered, the whole trading ring has a vested interest in buying the market, touching off those stops, and liquidating into the stops that is a very common ring practice. As an upstairs trader, if traders want to cover a position in that type of situation, liquidate half at between 0.76208 and 0.76454, so that traders will not have to worry about getting out of the entire position at the point where the stops are being hit. Always liquidate half position below new highs or lows and the remaining half beyond that point. To be a good trader, be a contrarian but still following the trend. Do not risk everything on one trade! Make your life a pursuit of happiness rather than pain in trading!
    Firstly decided that to become a trader had to learn discipline and money management. Then as trader must to become very disciplined in risk business like about trading. Look likes Jones say that "Don't focus on making money,but focus on protecting what you have". Discipline to plan trading and rules of money management is the most important, cause as Jones said that "The most important rule in trading is: Play great defense, not great offense." So later your trading systems have tested and found it that actually works well, within type of trading systems is type trend following. Don not type contrarian that opposes or rejects popular opinion in the market.

    I will to very appreciate to member this forum for sharing more about type trading systems as type trend following with me and for all traders here.

    Not allowed!
    If you lose, be patient. If you win, stay humble

  2. #2
    Trader elghina's Avatar
    Join Date
    Aug 2018
    Posts
    419
    Thumbs Up
    Received: 12
    Given: 14
    My self as scalper traders, i know that my style fully of the risk in the business Forex. By the way that i am not understanding with well what you talking about the pictures of your opinion in your explain at above, I hope that i can understand it and i wish you can to reply this tread. Thanks brothers.

    Not allowed!
    Trade with your eyes and not trading with what you wish impossible

  3. #3
    Trader rinaji's Avatar
    Join Date
    May 2013
    Posts
    3,839
    Thumbs Up
    Received: 207
    Given: 311
    Quote Originally Posted by elghina View Post
    My self as scalper traders, i know that my style fully of the risk in the business Forex. By the way that i am not understanding with well what you talking about the pictures of your opinion in your explain at above, I hope that i can understand it and i wish you can to reply this tread. Thanks brothers.
    What i want to concern in the picture is about the volume. Many traders only using indicators to math a volume the trend, that is not bad. But i more concern to volume of the price without using indicators default in meta trader. I said that in the picture first volume around 60 pips, that is enough long volume in time frame 1 hours, But like said by Jones Tudor that we can to trade in every volume of the trend. So i math volume the trend 25 pips, it is spot that we can to entry at there. Manner to calculating a volume is first candlestick open of the trend to last candlestick of trend likes the pictures. I hope this is can to help you more understand it. Thanks for join at thread, i hope more discuss about this with all member this forum.

    - - - Updated - - -

    This is about volume of the trend

    I hope this will to help more for reader at this forum to understanding what i talk about. The manner how to math the volume of the trend, i had answer, hope you can understand. In my experience using volume of the trend that we must to firstly understand about the level support and resistance, and combining analysis with candlestick pattern and chart pattern too so that we can to follow the trend.

    Not allowed!
    If you lose, be patient. If you win, stay humble

  4. #4
    Trader elghina's Avatar
    Join Date
    Aug 2018
    Posts
    419
    Thumbs Up
    Received: 12
    Given: 14
    Quote Originally Posted by rinaji View Post
    In my experience using volume of the trend that we must to firstly understand about the level support and resistance, and combining analysis with candlestick pattern and chart pattern too so that we can to follow the trend.
    I see now and could understood more what you talking about the manner volume of the trend with your opinion. If i may ask again, can you explain about to understanding support and resistance level using the pictures above? I hope you can explain again about it. Thanks

    Not allowed!
    Trade with your eyes and not trading with what you wish impossible

  5. #5
    Trader rinaji's Avatar
    Join Date
    May 2013
    Posts
    3,839
    Thumbs Up
    Received: 207
    Given: 311
    Quote Originally Posted by elghina View Post
    I see now and could understood more what you talking about the manner volume of the trend with your opinion. If i may ask again, can you explain about to understanding support and resistance level using the pictures above? I hope you can explain again about it. Thanks
    I will to explain about how to drawing level support and resistance.

    The line with color yellow is spot or area level support and level resistance, where the price will be to pull back or pulse and the area when the price will be to breakeven. So combination with chart pattern candlestick about using concept level support and resistance that is very important so much.
    If you have any question, do not be shy to ask again. I hope what i talking about this will be help you. Do not to forget always following the trend, firstly. And second is do not to forget about the first. Follow the trend even when analysis too.

    Not allowed!
    If you lose, be patient. If you win, stay humble

  6. #6
    Trader elghina's Avatar
    Join Date
    Aug 2018
    Posts
    419
    Thumbs Up
    Received: 12
    Given: 14
    Your knowledge is excellent about what you talking about support and resistance level this. You are right that in Forex trading do not use one strategy or one knowledge concept but must to mix all knowledge to be a system trading. By the way, How about you if what you talking about this has being a system trading to used, sir? Because i want to use your concept in this thread in my journal trading, but i feel still less to be a system trading perfection.

    Not allowed!
    Trade with your eyes and not trading with what you wish impossible

  7. #7
    Trader kie202's Avatar
    Join Date
    Mar 2015
    Posts
    365
    Thumbs Up
    Received: 10
    Given: 4
    Quote Originally Posted by elghina View Post
    Your knowledge is excellent about what you talking about support and resistance level this. You are right that in Forex trading do not use one strategy or one knowledge concept but must to mix all knowledge to be a system trading. By the way, How about you if what you talking about this has being a system trading to used, sir? Because i want to use your concept in this thread in my journal trading, but i feel still less to be a system trading perfection.
    Aggressive trading is my style trading. Very interest what you talking in this thread. But the maker thread, i though he is not to tell you the pictures as a trading system but concept how to math a volume of the trend and etc, that is very excellent. I though that a trading system must to perfect with plan trading of the traders.

    Not allowed!
    :blush:Trend is Friend of The Fighter

  8. #8
    Trader rinaji's Avatar
    Join Date
    May 2013
    Posts
    3,839
    Thumbs Up
    Received: 207
    Given: 311
    Quote Originally Posted by elghina View Post
    Your knowledge is excellent about what you talking about support and resistance level this. You are right that in Forex trading do not use one strategy or one knowledge concept but must to mix all knowledge to be a system trading. By the way, How about you if what you talking about this has being a system trading to used, sir? Because i want to use your concept in this thread in my journal trading, but i feel still less to be a system trading perfection.
    What i talk about in this thread surely very far to perfect description. Of course you are true that my description in picture is not a system trading. Because i am not to talking about money management at here. And i am not to talking about mind set of the trader professional too at here. So to making a system trading, we must to talk more about risk and reward ration, and about calculating money management with clear as plan trading.

    - - - Updated - - -

    Quote Originally Posted by kie202 View Post
    Aggressive trading is my style trading. Very interest what you talking in this thread. But the maker thread, i though he is not to tell you the pictures as a trading system but concept how to math a volume of the trend and etc, that is very excellent. I though that a trading system must to perfect with plan trading of the traders.
    Although you are scalper but my suggest to you that in trading always following the trend firstly then identity about chart pattern candlestick currently and marking level support and resistance level. So that following the trend it will be easier for you. Taking risk for scalper is choose the best to faster gain the amount of the account.

    Not allowed!
    Last edited by rinaji; 11-23-2018 at 08:19 PM. Reason: double answer
    If you lose, be patient. If you win, stay humble

  9. #9
    Trader kie202's Avatar
    Join Date
    Mar 2015
    Posts
    365
    Thumbs Up
    Received: 10
    Given: 4
    Quote Originally Posted by rinaji View Post

    Although you are scalper but my suggest to you that in trading always following the trend firstly then identity about chart pattern candlestick currently and marking level support and resistance level. So that following the trend it will be easier for you. Taking risk for scalper is choose the best to faster gain the amount of the account.
    sure, likes my signature that the trend is friend of the fighter, i mean the trader. marking the price to set up open order buy or sell on the chart is important for me who especially as scalper. But this is not only for scalper but also for all the traders in universe.

    Not allowed!
    :blush:Trend is Friend of The Fighter

  10. #10
    Trader rinaji's Avatar
    Join Date
    May 2013
    Posts
    3,839
    Thumbs Up
    Received: 207
    Given: 311
    Quote Originally Posted by kie202 View Post
    sure, likes my signature that the trend is friend of the fighter, i mean the trader. marking the price to set up open order buy or sell on the chart is important for me who especially as scalper. But this is not only for scalper but also for all the traders in universe.
    Of course not only scalper but also swing trader too. By the way that we are trader, as fighter when trading, we are fighting our emotional when trading like bad emotional the greedy and the scary. Hopefully that all trader can be a winner to achieve the success.

    Not allowed!
    If you lose, be patient. If you win, stay humble

Page 1 of 2 12 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •