(binned per thread starter's request) Friendly Trading Competitio | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4H Daily Chart Noob Friendly Trading System - No Fancy 70 replies

Most user friendly trading platform 7 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: (binned per thread starter's request) Friendly Trading Competitio
Exit Attachments

(binned per thread starter's request) Friendly Trading Competitio

  • #41
  • Oct 1, 2018 3:20pm Oct 1, 2018 3:20pm
Quoting cyguy
{quote} try opening and closing a trade real quick, that should start it?
That is fine. I just could not get what traderumr was saying in his last post #36.

I will now sell every next higher high. Now price is above the D1 ma1/ma2 average prices and a little bit early entry won't hurt me much...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_3380.JPG Size: 748 KB

The issue I have now, is suddenly out of nowhere plenty of buy timing signals poured on the chart... Sells are still dominating, but today, the buys already wiped like 50% of the sells out of the blue. Anyways. Will look closely what is going on here.
Maadik Hugiis. IQ 69.
  • #42
  • Oct 1, 2018 3:27pm Oct 1, 2018 3:27pm
Quoting MoneyZilla
{quote} That is fine. I just could not get what traderumr was saying in his last post #36. I will now sell every next higher high. Now price is above the D1 ma1/ma2 average prices and a little bit early entry won't hurt me much... {image} The issue I have now, is suddenly out of nowhere plenty of buy timing signals poured on the chart... Sells are still dominating, but today, the buys already wiped like 50% of the sells out of the blue. Anyways. Will look closely what is going on here.
Are you using a EA???Only for opening/closing trades ore is it doing some work for you???I see you have really recovered on your other live account"BIG TIME" Well done...
Attached Image
You win some you loose some do both with peace of mind
  • #43
  • Oct 1, 2018 3:46pm Oct 1, 2018 3:46pm
Quoting magne999
{quote} Are you using a EA???Only for opening/closing trades ore is it doing some work for you???I see you have really recovered on your other live account"BIG TIME" Well done... {image}
EA only trading. Depending on the net opened positions in the other live account, I will have to add a new indicator for each next day or so. First sell just opened, but I do not see any closures to happen in the comming 12, maybe 24 hours from now. At least.
Maadik Hugiis. IQ 69.
  • #44
  • Oct 1, 2018 5:14pm Oct 1, 2018 5:14pm
Quoting MoneyZilla
{quote} Forgive me, but I could not understand a thing. The TE shows inactivity, as mine? Am I wrong? I am now waiting for a D1 channel break on the upside to jump on it...
Not sure why it was not being updated automatically. Just clicked a button to do it manually.
@trader_umr
  • #45
  • Oct 1, 2018 5:21pm Oct 1, 2018 5:21pm
Quoting pipsy7
Why $1000 to start with? Is that to make the stakes high so it looks more of a serious competition? Or is it that if one loses they receive more of a punishment? =================================================== 2K usd ist standard to start a Live acct. = every1[with sume Tradin_sense] fukkin knows that tabarnak ! 1st world country - Canada = u sure yeah B4 with Stephen Harper & Sir John Alexander MacDonald as PM's 4sure
Haha, sorry about missing Canadian dollar . But didn't mean that those currencies I have mentioned are the only first world currencies. Infact, I have also not mentioned Swiss franc or Singaporeon dollar which are pretty much in the same ball park as the others I mentioned in terms of value.
So, if you want to fund an account with 1000 Canadian dollar its OK.
@trader_umr
  • #46
  • Oct 1, 2018 6:02pm Oct 1, 2018 6:02pm
I was just quoting him =

  1. Post 31 (https://www.forexfactory.com/showthread.php?p=11531799#post11531799)
  2. Cleanup
  3. Quote (https://www.forexfactory.com/showthread.php?t=825124&reply=1&page=3&quote=11531799#reply)
  4. Sep 29, 7:33pm (47 hr ago)

  1. OutThere (https://www.forexfactory.com/outthere)
  2. | Joined Aug 2018 | Status: Member | 25 Posts (https://www.forexfactory.com/search.php?do=process&provider=Member&searchuser=703808)

Why $1000 to start with? Is that to make the stakes high so it looks more of a serious competition? Or is it that if one loses they receive more of a punishment?
If anyone can double $100, they probably can double 1K just the same. What if you have $10 to begin with? Is the job of doubling $10 any easier?

da n0o0b + $hit_Disturber
  • #47
  • Oct 2, 2018 12:54am Oct 2, 2018 12:54am
Quoting traderumr
{quote} Haha, sorry about missing Canadian dollar . But didn't mean that those currencies I have mentioned are the only first world currencies. Infact, I have also not mentioned Swiss franc or Singaporeon dollar which are pretty much in the same ball park as the others I mentioned in terms of value. So, if you want to fund an account with 1000 Canadian dollar its OK.
Ah bro, I looked at your TE, and I thought hey same trade as mine. But i realized you just scalped it. Me still in waiting for 0.71885. Ah anyway, just thought I share it cause we had the same trade. Though you should have hold it, might even go lower than my target.

Anyway, good luck on your quest
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB
  • #48
  • Oct 2, 2018 2:05am Oct 2, 2018 2:05am
Quoting maflip
{quote} Ah bro, I looked at your TE, and I thought hey same trade as mine. But i realized you just scalped it. Me still in waiting for 0.71885. Ah anyway, just thought I share it cause we had the same trade. Though you should have hold it, might even go lower than my target. Anyway, good luck on your quest {image}
My core has been shaken due to public trading. Please allow me a week or so to gain mental stability.
@trader_umr
  • #49
  • Oct 2, 2018 9:52am Oct 2, 2018 9:52am
Date: 2-Oct 2018 (Tuesday)

Grade: C
Result: +3.3%

Comments:
Another session of bad trading due to stage fright.
At core I believe that day trading requires fluency. To be like water as Bruce Lee put it so elegantly. I noticed being public, I want to "be right". Increase size not to seize opportunity when price is doing what I think it should, rather an exercise to make profit on a bad trade.
Rest of the week is filled with my kinda trading days due to events. Hopefully this will end on a better node.

What went well:
Multiple trade ideas I generated were correct. Short AU after the release which I closed and reversed on way way too early and short UC which I traded well, but again was too early and aggressive.

What went bad: Stage fright. Trying to prove that idea is right rather than focusing on making money. Being aggressive when I am initially wrong rather than when I am right. Picking bad price locations on impulses to enter a trade. Trying to quickly "win back" after the loss. This has been long resolved issues, re-appearance of which shows pressure I feel knowing that result are all public.
@trader_umr
  • #50
  • Oct 2, 2018 4:04pm Oct 2, 2018 4:04pm
Quoting traderumr
Date: 2-Oct 2018 (Tuesday) Grade: C Result: +3.3% Comments: Another session of bad trading due to stage fright. At core I believe that day trading requires fluency. To be like water as Bruce Lee put it so elegantly. I noticed being public, I want to "be right". Increase size not to seize opportunity when price is doing what I think it should, rather an exercise to make profit on a bad trade. Rest of the week is filled with my kinda trading days due to events. Hopefully this will end on a better node. What went well: Multiple trade ideas I generated...
If you had traded a standard lot Yesterday you would be up 1600 dollars and won in 2 days i tought that was the point of this...Trading micros....LOL....I dont mean too be a ashole just making a friendly coment...
You win some you loose some do both with peace of mind
  • #51
  • Oct 2, 2018 4:09pm Oct 2, 2018 4:09pm
And i didnt think EA`S where alllowed from the pattern of your trades i belive you are using a EA,because loosers and winners come in clusters of 5-10 at the time......HAHA i am just messing with you its your competition and your money i have nothing too say here just passing time being bored with slow action on charts....
You win some you loose some do both with peace of mind
  • #52
  • Oct 2, 2018 4:28pm Oct 2, 2018 4:28pm
Quoting traderumr
Date: 2-Oct 2018 (Tuesday) Grade: C Result: +3.3% Comments: Another session of bad trading due to stage fright. At core I believe that day trading requires fluency. To be like water as Bruce Lee put it so elegantly. I noticed being public, I want to "be right". Increase size not to seize opportunity when price is doing what I think it should, rather an exercise to make profit on a bad trade. Rest of the week is filled with my kinda trading days due to events. Hopefully this will end on a better node. What went well: Multiple trade ideas I generated...
Don't be hard on yourself with a 3.3 percent return on a day. That's a good result.
  • #53
  • Oct 3, 2018 8:22am Oct 3, 2018 8:22am
Date: 3-Oct 2018 (Wednesday)

Grade: B
Result: +2.5%

Comments:
Thoughts are stabilizing. Hopefully by end of next week, I should return to normal. Then I would reattach the main account with this competition account and also increase the size of risk percentage of the competition account to get to the 100% target sooner.

I really think, at the end of this exercise I would come out as a better trader.

What went well:
Multiple wholesome trading ideas generated. Overall read of the market was quite good.

What went not so well:
Execution is still bad. Holding on to the trades which I knew were not going in the right direction. And normally on days like today, I should be able to run a good trade longer ... score a home run ... which really boosts the day returns, but was totally unable to see through a good trade play out completely.
@trader_umr
  • #54
  • Oct 3, 2018 8:38am Oct 3, 2018 8:38am
I start smelling some conspiracy going on here!

traderumr has +$51 profit, while I am having an open loss of -$51?!?
Attached Image

Attached Image

Are you trying to rip me off of my money?

Like leak $1,000 from my trading account (-50% DD and I am out of the competition!) and claim it as 100% profit in yours?
Maadik Hugiis. IQ 69.
  • #55
  • Oct 3, 2018 8:40am Oct 3, 2018 8:40am
Quoting MoneyZilla
I start smelling some conspiracy going on here! traderumr has +$51 profit, while I am having an open loss of -$51?!? {image} {image} Are you trying to rip me off of my money? Like leak $1,000 from my trading account (-50% DD and I am out of the competition!) and claim it as 100% profit in yours?
That was the plan all along
@trader_umr
  • #56
  • Oct 3, 2018 9:55am Oct 3, 2018 9:55am
Quoting traderumr
Date: 3-Oct 2018 (Wednesday) Grade: B Result: +2.5% Comments: Thoughts are stabilizing. Hopefully by end of next week, I should return to normal. Then I would reattach the main account with this competition account and also increase the size of risk percentage of the competition account to get to the 100% target sooner. I really think, at the end of this exercise I would come out as a better trader. What went well: Multiple wholesome trading ideas generated. Overall read of the market was quite good. What went not so well: Execution is still bad....
Change the grade to F. Totally impulsive red news trading. I normally spend an hour or so to prepare for such events. Tried to top up the day's result AFTER signing off the day.
Finally off to bed now. NO MORE TRADING FOR THE DAY.
@trader_umr
  • #57
  • Oct 3, 2018 10:15am Oct 3, 2018 10:15am
Quoting traderumr
{quote} Change the grade to F. Totally impulsive red news trading. I normally spend an hour or so to prepare for such events. Tried to top up the day's result AFTER signing off the day. Finally off to bed now. NO MORE TRADING FOR THE DAY.
LOL i tought had small TP`s taking 1-3 pips mostly,but Traderumr you really are a brokers wet dream 118 dollar commision 17 lots for 50 dollar gain....There where a very good trader on this forum mocking me because i had 50% commision of my gain and traded 4 lots too make 20 dollars ore soo one day,So you qualify too be mocked...LOL
Attached Image (click to enlarge)
Click to Enlarge Name: truth.jpg Size: 266 KB
You win some you loose some do both with peace of mind
  • #58
  • Oct 3, 2018 10:47am Oct 3, 2018 10:47am
Quoting magne999
{quote} LOL i tought had small TP`s taking 1-3 pips mostly,but Traderumr you really are a brokers wet dream 118 dollar commision 17 lots for 50 dollar gain....There where a very good trader on this forum mocking me because i had 50% commision of my gain and traded 4 lots too make 20 dollars ore soo one day,So you qualify too be mocked...LOL {image}
Well then, $1,000 profit for the broker in a month.
  • #59
  • Oct 3, 2018 10:58am Oct 3, 2018 10:58am
Quoting maflip
{quote} Well then, $1,000 profit for the broker in a month.
Funny last two posts.
I also reacted strangely when I saw the overall lotsize, but maybe that is his trading style.

So far good, traderumr is not a bad trader. If every day for him is like the last two days, I will lose the competition. Fast. My absolute max is like 40-50 bucks on October's Gold price with falling with 0.10-0.12 sell lots maybe. Dunno, maybe some $500 max. Probably even less than that...
Maadik Hugiis. IQ 69.
  • #60
  • Oct 3, 2018 10:59am Oct 3, 2018 10:59am
Quoting MoneyZilla
{quote} Funny last two posts. I also reacted strangely when I saw the overall lotsize, but maybe that is his trading style. So far good, traderumr is not a bad trader. If every day for him is like the last two days, I will lose the competition. Fast. My absolute max is like 40-50 bucks on October's Gold price with falling with 0.10-0.12 sell lots maybe. Dunno, maybe some $500 max. Probably even less than that...
Yeah no problem with the guy's style. If it works it works
0 traders viewing now