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General Trading Chat / Ideas

  • #7,641
  • Sep 8, 2019 3:34pm Sep 8, 2019 3:34pm
Quoting PokerChip
{quote} If support and resistance works for you, more power to you. I learned a lesson and I don't repeat the same mistakes. The system I created for myself has no need for support and resistance. Banks don't use support or resistance, that's why hundreds of thousands of stop loses are taking out on a daily basis, where's all those support and resistance lines when you need them ? That's why I don't use stop loses any more. I trade with the banks not against them. The next time you look at any chart you should be seeing just the opposite. My system...
I never use it yet. I used to trade naked chart. Im now exploring and all about learning. I just want to get your side, your point of view. If it works now for you, cheers! If it doesn't, join me find ways to take advantage of the usefulness of it. Green pips to all.. the show is about to start in 27mins. Lets get it on!
Only an idiot knows with certainty to where the market is going.
  • #7,642
  • Sep 8, 2019 3:34pm Sep 8, 2019 3:34pm
[quote=PokerChip;12489943]{quote} If support and resistance works for you, more power to you. I learned a lesson and I don't repeat the same mistakes. The system I created for myself has no need for support and resistance.

And the irony of all ur statements.......is that all ur consolidation zones are on s&r lines (if u drew them)......theres more than one way to skin a cat!
anyway - feel free to post ur trades / charts as you take them.....im always happy to see perfection in motion.....but lets leave the lectures on “what the banks are doing” and the incredibly obvious statements that we “all need to follow the banks”!
  • #7,643
  • Sep 8, 2019 3:51pm Sep 8, 2019 3:51pm
hes taking SR but possibly not at obviouse lvls not the areas everyones watching
Turn your wounds into wisdom
  • #7,645
  • Sep 8, 2019 4:14pm Sep 8, 2019 4:14pm
Quoting PokerChip
{quote}{quote} If you knew anything about forex you would already know a contracting horizontal zone is the 1st phase of a 3 phase cycle. Which tells me you know absolutely nothing about the 2nd phase of expanding out of the box into a ranging pattern of up and down until the banks appetite has filled up with dumb money from traders that are about to be separated from their hard earned cash. Since you don't know a thing about the 2nd phase you wouldn't have any idea of how to make a entry after the banks has separated all that hard earned cash from...
I think you need to stop spreading your nonsense here. You can also leave. Stop talking about how bank traders trade, as you have no idea. The phases you talk about they are all just probabilities just like everything in trading. You are not a bank trader neither are we. None of us have millions/billions of $ to trade with. We are retail traders trying to approach this business as professionally as we can, and make a living. Quit your whining about how other trade. Just share the charts and ideas and that is all there is to it. If you don't want to, feel free to leave this thread.
  • #7,646
  • Sep 8, 2019 4:16pm Sep 8, 2019 4:16pm
Quoting Techanalyst
{quote} I think you need to stop spreading your nonsense here. You can also leave. Stop talking about how bank traders trade, as you have no idea. The phases you talk about they are all just probabilities just like everything in trading. You are not a bank trader neither are we. None of us have millions/billions of $ to trade with. We are retail traders trying to approach this business as professionally as we can, and make a living. Quit your whining about how other trade. Just share the charts and ideas and that is all there is to it. If you don't...
Ahhh finally, some common sense!
  • #7,647
  • Sep 8, 2019 4:36pm Sep 8, 2019 4:36pm
Quoting Techanalyst
{quote} I think you need to stop spreading your nonsense here. You can also leave. Stop talking about how bank traders trade, as you have no idea. The phases you talk about they are all just probabilities just like everything in trading. You are not a bank trader neither are we. None of us have millions/billions of $ to trade with. We are retail traders trying to approach this business as professionally as we can, and make a living. Quit your whining about how other trade. Just share the charts and ideas and that is all there is to it. If you don't...
He is proving a point and let him be. Learners need to know opposing views, experienced and perspectives. That's how we learn. And he's Blue box has something to show. It is not right, just becouse someone has different perspective you get rid of them. Who knows his system might be profitable than yours? Let's just hear, process it, learn or not we move on. And to you Jp1, as a thread starter, you have the power in your finger that once you disliked a post or a comment, viewers cannot see what it is. Be responsible. You should be neutral. Peace before you banned me here.. haha
Only an idiot knows with certainty to where the market is going.
  • #7,648
  • Sep 8, 2019 4:41pm Sep 8, 2019 4:41pm
Quoting MrBullBear
{quote} He is proving a point and let him be. Learners need to know opposing views, experienced and perspectives. That's how we learn. And he's Blue box has something to show. It is not right, just becouse someone has different perspective you get rid of them. Who knows his system might be profitable than yours? Let's just hear, process it, learn or not we move on. And to you Jp1, as a thread starter, you have the power in your finger that once you disliked a post or a comment, viewers cannot see what it is. Be responsible. You should be neutral....
EEEh some points trying to prove are quite obvious ,, the other is just shit ,, enough said
  • #7,649
  • Sep 8, 2019 4:47pm Sep 8, 2019 4:47pm
Attached Image
people leave, but this thread will go on for ever
  • #7,650
  • Sep 8, 2019 4:51pm Sep 8, 2019 4:51pm
Quoting MrBullBear
{quote} He is proving a point and let him be. Learners need to know opposing views, experienced and perspectives. That's how we learn. And he's Blue box has something to show. It is not right, just becouse someone has different perspective you get rid of them. Who knows his system might be profitable than yours? Let's just hear, process it, learn or not we move on. And to you Jp1, as a thread starter, you have the power in your finger that once you disliked a post or a comment, viewers cannot see what it is. Be responsible. You should be neutral....
He is not proving any point. Read what he wrote, and read what I wrote. I am specifically talking about him constantly mentioning how bank traders trade. He has no idea, none of us have no idea how bank traders trade. So he is not proving any point, he is just talking out of his behind. We need to stick specifically to sharing charts and ideas, no mentioning of any other financial institutions as we are not them.
  • #7,651
  • Sep 8, 2019 4:51pm Sep 8, 2019 4:51pm
Quoting Aussi
{image}
You probably already banked a bunch ,, plus found a nugget lol,, hope your week end was good bud inspite of the weather
  • #7,652
  • Sep 8, 2019 4:57pm Sep 8, 2019 4:57pm
Quoting digger1
{quote} You probably already banked a bunch ,, plus found a nugget lol
the nuggets are yet to come but i will work on that , gaps this morning gbp aud and nz i closed those trades now like you we see what the rest of the day brings or in your case the night
people leave, but this thread will go on for ever
  • #7,653
  • Sep 8, 2019 4:58pm Sep 8, 2019 4:58pm
cricket was good jp
people leave, but this thread will go on for ever
  • #7,654
  • Sep 8, 2019 5:01pm Sep 8, 2019 5:01pm
gold opening a fizzer
people leave, but this thread will go on for ever
  • #7,655
  • Sep 8, 2019 5:01pm Sep 8, 2019 5:01pm
Quoting Aussi
{quote} the nuggets are yet to come but i will work on that , gaps this morning gbp aud and nz i closed those trades now like you we see what the rest of the day brings or in your case the night
Seen tht gbp ,, not around cp atm ,, one of those honey do nights ,, my italians wife s uncle ,, a catholic priest ,, 80 th birthday party this afternoon ,,, I m just trying to dodge her uncle Guido and her brothers lol,, and watching for lightning strikes probably not a good thing if they want ya to go see something and offer the front seat to ya lol
  • #7,656
  • Sep 8, 2019 5:03pm Sep 8, 2019 5:03pm
Quoting digger1
{quote} EEEh some points trying to prove are quite obvious ,, the other is just shit ,, enough said
Let's move on, roll the sleeves up and start figuring where the wind is blowing and where it will take the market.
Only an idiot knows with certainty to where the market is going.
  • #7,657
  • Sep 8, 2019 5:05pm Sep 8, 2019 5:05pm
Quoting digger1
{quote} Seen tht gbp ,, not around cp atm ,, one of those honey do nights ,, my italians wife s uncle ,, a catholic priest ,, 80 th birthday party this afternoon ,,, I m just trying to dodge her uncle Guido and her brothers lol,, and watching for lightning strikes probably not a good thing if they want ya to go see something and offer the front seat to ya lol
you will have to have eyes in the back of your head mate reminds me of the movie godfather
people leave, but this thread will go on for ever
  • #7,658
  • Sep 8, 2019 5:11pm Sep 8, 2019 5:11pm
https://en.wikipedia.org/wiki/Forex_scandal
Turn your wounds into wisdom
  • #7,659
  • Sep 8, 2019 5:13pm Sep 8, 2019 5:13pm
On 20 May 2015, the five banks pleaded guilty to felony charges by the United States Department of Justice and agreed to pay fines totaling more than $5.7 billion. Four of the banks, including Barclays, Citigroup, JP Morgan, and Royal Bank of Scotland pleaded guilty to manipulation of the foreign markets; while the others had already been fined in settlements from the November 2014 investigation, Barclays had not been involved and was fined for $2.4 billion. UBS also pleaded guilty to committing wire fraud and agreed to a $203 million fine. A sixth bank, Bank of America, while not found guilty, agreed to a fine of $204 million for unsafe practices in foreign markets.[27][28]
On 18 November 2015 Barclays was fined an additional $150m for automated electronic foreign exchange misconduct.[
Turn your wounds into wisdom
  • #7,660
  • Sep 8, 2019 5:16pm Sep 8, 2019 5:16pm
we swim among sharks
Turn your wounds into wisdom
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