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Daily Trading Ideas

  • #7,681
  • Feb 24, 2019 3:34am Feb 24, 2019 3:34am
Quoting Pickles
{quote} Well, I have stated many times I'm eat to chit-chat and eat cotton candy...ie. pass time while trading. Not into subscribers..they don't pay the bills! And before you think I'm going to sell some people some commercial thing...here, check out this thread where I just wrecked someone who was trying to sell some stuff! Cheers.

pickles...grow up and become a cucumber ....post some charts no matter how stupid and wrong they may be cause we've all done it instead of being a cheerleader and people might take u seriously
buy the rumor,sell the news
  • #7,682
  • Feb 24, 2019 3:39am Feb 24, 2019 3:39am
Quoting wasntme
{quote} pickles...grow up and become a cucumber ....post some charts no matter how stupid and wrong they may be cause we've all done it instead of being a cheerleader and people might take u seriously
On mobile most of the time...how to post charts?

Anyway, here to chill...take it easy...I don't care if people think I'm stupid or don't take me seriously...
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #7,683
  • Feb 24, 2019 3:42am Feb 24, 2019 3:42am
Quoting Pickles
{quote} On mobile most of the time...how to post charts? Anyway, here to chill...take it easy...I don't care if people think I'm stupid or don't take me seriously...

ask them how they do it and ull become a guru with a red dot in no time

https://www.forexfactory.com/showthread.php?t=830795
buy the rumor,sell the news
  • #7,684
  • Feb 24, 2019 3:51am Feb 24, 2019 3:51am
Quoting navk
1) Risk management
2) Discipline.
3) Emotion control
couldn't agree more
  • #7,685
  • Feb 24, 2019 3:52am Feb 24, 2019 3:52am
Quoting wasntme
{quote} ask them how they do it and ull become a guru with a red dot in no time https://www.forexfactory.com/showthread.php?t=830795
The red dot doesn't pay the bills...lol.

I'm only concerned with growing my account and having fun while doing so..
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #7,686
  • Feb 24, 2019 4:00am Feb 24, 2019 4:00am
well said

we should all be focused on growing our accounts in here

green pips to all
  • #7,687
  • Feb 24, 2019 4:38am Feb 24, 2019 4:38am
Quoting ForexQuantz
{quote} Thats going to be an interesting call from where i sit. So what is your optimal level to cut your losses short in case you placed buy order before the market closed on friday bro.
Friday? My chart says only to short.

My rules says to short when :

1) both 50LWMA lines sloping down.

2 ) Take short from pivot to R1.

The price touched pivot for both GJ and GU . SO one should short at that point.

Never long signal on Friday as per my chart.

But, yes, there is long signal available for Monday.

Use pivots and take long entry on Monday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 36 KB
Click to Enlarge Name: GBPUSDH1.png Size: 36 KB
Intraday only.
  • #7,688
  • Feb 24, 2019 4:51am Feb 24, 2019 4:51am
Quoting Pickles
{quote} The red dot doesn't pay the bills...lol. I'm only concerned with growing my account and having fun while doing so..

Somehow Pickles I don't think that you're paying all your bills with the money you're making from forex trading. Especially if you live in Hong Kong!

Just looking at your very first trade about a month ago which went seriously into the red before eventually turning blue. That's fine - admirable, you exhibited great patience and discipline but my guess is that your opening balance was around $100 maybe even less? You increased your account by 22% on just 15 pips!! I seriously doubt that you were trading 15 lots on a 10 grand balance - if that sort of trade didn't come back into the blue (and whoever was on the other side of that trade would probably make sure it didn't with that much at stake) you would have sat with a huge loss or probably lost 10 grand with your very first trade.

I presume you have a few bucks so you could afford to blow $100 without any sweat so the "fear factor" was totally removed from your trading which of course is 99% of the problem wiped out already. Not saying there is anything wrong with your TE but please don't pretend that you're going to buy the Ritz Plaza Hotel very soon with your winnings!!
  • #7,689
  • Feb 24, 2019 4:56am Feb 24, 2019 4:56am
Quoting jmtini
{quote} Somehow Pickles I don't think that you're paying all your bills with the money you're making from forex trading. Especially if you live in Hong Kong! Just looking at your very first trade about a month ago which went seriously into the red before eventually turning blue. That's fine - admirable, you exhibited great patience and discipline but my guess is that your opening balance was around $100 maybe even less? You increased your account by 22% on just 15 pips!! I seriously doubt that you were trading 15 lots on a 10 grand balance - if...
Hey there...yeah, I don't think I'm going to buy the Ritz Plaza Hotel anytime soon...hahaha.

I started the account with SGD 1,000. It's currently sitting at SGD 22,700. And yes, there is no fear factor as along the way, I have already divest SGD 1,150; essentially I can't lose.
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #7,690
  • Feb 24, 2019 5:01am Feb 24, 2019 5:01am
Here's the SS of my balance...

Yes, I employ high leverage...the SGD 1,000 was an amount I was willing to risk..

Maybe the method might look crazy...and yes perhaps...but results speak for itself...what's the system behind? No point sharing until I prove it to be successful...although one can argue I already succeeded in a certain sense...it's all about perspectives...

I'm testing a system whereby it will give 100% win rates...yes, another crazy idea...but so far it has worked for 161 trades that I have put through..so let's see..
Attached Image
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #7,691
  • Feb 24, 2019 5:02am Feb 24, 2019 5:02am
Quoting ForexQuantz
{quote} Thats going to be an interesting call from where i sit. So what is your optimal level to cut your losses short in case you placed buy order before the market closed on friday bro.
If you took buy in GU, you must be in profit.

I will not trust much the levels.

If you profited let us say 3 to 4 % of your capital by that trade, simply book profit. Do not wait for the level to get hit.
Intraday only.
  • #7,692
  • Feb 24, 2019 5:15am Feb 24, 2019 5:15am
Quoting navk
LOOK AT GJ chart. Both GU and GJ are buy for Monday. Target Daily R1 {image}
been looking at your indicators and how you look at trades and this looks really interesting, im looking at the GJ chart now and it looks good for the buy my GU charts run off an ea I use but looking forward to kicking off the new trading week
  • #7,693
  • Feb 24, 2019 5:20am Feb 24, 2019 5:20am
Quoting Pickles
{quote} Hey there...yeah, I don't think I'm going to buy the Ritz Plaza Hotel anytime soon...hahaha. I started the account with SGD 1,000. It's currently sitting at SGD 22,700. And yes, there is no fear factor as along the way, I have already divest SGD 1,150; essentially I can't lose.
That first trade went over $300 into the red before it came back - you must have been sweating just a little! $750 is fair amount of money (well it is to me anyway!) - which is why you closed the trade a bit prematurely (the price went down another 30/40 pips) - quite understandable when one has just experienced a big drawdown especially on your very first trade.

All I can say is really well done - the proof IS in the pudding no doubt about that.

Maybe you can share a few charts next week though - that's what we do on this thread!
  • #7,694
  • Feb 24, 2019 5:23am Feb 24, 2019 5:23am
Quoting jmtini
{quote} That first trade went over $300 into the red before it came back - you must have been sweating just a little! $750 is fair amount of money (well it is to me anyway!) - which is why you closed the trade a bit prematurely (the price went down another 30/40 pips) - quite understandable when one has just experienced a big drawdown especially on your very first trade. All I can say is really well done - the proof IS in the pudding no doubt about that. Maybe you can share a few charts next week though - that's what we do on this thread!...
No, it wasn't closed prematurely. It was done to quickly increase balance and hence the ability to hold margin for future trades.

Thank you for your kind words. "
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #7,695
  • Feb 24, 2019 5:25am Feb 24, 2019 5:25am
Quoting Pickles
Here's the SS of my balance... Yes, I employ high leverage...the SGD 1,000 was an amount I was willing to risk.. Maybe the method might look crazy...and yes perhaps...but results speak for itself...what's the system behind? No point sharing until I prove it to be successful...although one can argue I already succeeded in a certain sense...it's all about perspectives... I'm testing a system whereby it will give 100% win rates...yes, another crazy idea...but so far it has worked for 161 trades that I have put through..so let's see.. {image}...
100% win rate

That sounds like the holy grail!!!
  • #7,696
  • Feb 24, 2019 5:29am Feb 24, 2019 5:29am
Quoting jmtini
{quote} 100% win rate That sounds like the holy grail!!!
Don't jinx it!!!
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #7,697
  • Feb 24, 2019 5:34am Feb 24, 2019 5:34am
Quoting jmtini
{quote} 100% win rate That sounds like the holy grail!!!
agreed

100 % win rate can't be sustained for long periods of time

and it should not be the aim

the aim should just be a reasonable win rate with a good acct growth

but good for him if he's managed to hit that 100 % win rate

in the future he could also claw back to 90 % - 80 % win rate or even less and still be doing fine
  • #7,698
  • Feb 24, 2019 5:38am Feb 24, 2019 5:38am
Quoting MXT
{quote} agreed 100 % win rate can't be sustained for long periods of time and it should not be the aim the aim should just be a reasonable win rate with a good acct growth but good for him if he's managed to hit that 100 % win rate in the future he could also claw back to 90 % - 80 % win rate or even less and still be doing fine
No...if it drops off to less than 100% win rate, it means that the system failed. The reason why I held a few deep DDs was because the system dictates that it won't hit SL and will reverse.
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
  • #7,699
  • Feb 24, 2019 5:49am Feb 24, 2019 5:49am
Quoting Pickles
{quote} No...if it drops off to less than 100% win rate, it means that the system failed. The reason why I held a few deep DDs was because the system dictates that it won't hit SL and will reverse.

good for you , i like your style

but the reason why you hit a 66 % DD is just because your system never hits stop losses

but trust me , i had systems like that :

they work fantastic for short periods of time , but their major problem is that they incur in unsustainable DrawDowns ( the 66 % DD you hit is already too much ) and unfortunately sooner or later , if they never hit a stop loss , they will loose it all

but i like your system , if you can improve it , it would be good
  • #7,700
  • Feb 24, 2019 5:54am Feb 24, 2019 5:54am
Quoting MXT
{quote} good for you , i like your style but the reason why you hit a 66 % DD is just because your system never hits stop losses but trust me , i had systems like that : they work fantastic for short periods of time , but their major problem is that they incur in unsustainable DrawDowns ( the 66 % DD you hit is already too much ) and unfortunately sooner or later , if they never hit a stop loss , they will loose it all but i like your system , if you can improve it , it would be good

Yes, I fully agree with you. This system is far from perfect, especially with regards to entries. This is why no one should follow me or anything! Also, due to it being far from perfect, I divested 115% of my capital already just to be safe and secure (now I sound like I'm doing marketing for Durex). Along the way, I will continue to divest accordingly. I'm now on a mini holiday in Singapore, visiting some friends. When February ends, I will assess my balance and decide if I am going to divest again.

Thanks!
Christabelle means beautiful. I'm here to chit-chat and eat cotton candy.
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