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General Trading Chat / Ideas

  • #9,401
  • Sep 27, 2019 5:35pm Sep 27, 2019 5:35pm
Quoting digger1
{quote} what good does it do not to be live ,, you can apply same shit to small acct if you so desire ,, percentages still the same ,, believe me the 1st time you spend money you made trading ,,, you will grin from ear to ear ,,, then it only gets better my own opinion ,,, take it for wht it is ,, mean nothing in the grand scheme of things ,, but its already got a hold of ya ,, trading must be done a certain way ,,, bad thought to live by from the get go ,, I wish you only the best bud ,, love the big dreams ,, the money is here to make tht a reality...
i plan to go live only 3k i need to focus on Draw down using the markets money when a trade goes my way small entry possibly 0.25% take bank at 0.5 and 1 R then add with markets money then get stoped most of the time a few will get through and make a few % its hard going you have to on the ball all the time it will take time to gain momentum i wish i started this as a younger man
Turn your wounds into wisdom
  • #9,402
  • Sep 27, 2019 5:37pm Sep 27, 2019 5:37pm
Quoting Bk55
{quote} 70% of breakouts fail the market ranges most of the time. its not about the qauntity 1 man needs to make lets say 30pips a week the other needs to make 300 whos the cleaver one
the eur does tht in a day ,,, everyday ,, some days more few days less ,,, expand on tht 70 30 thing ,,, 70 30 thing for a day ,, then a week ,, you know tht ,,use it use everything you got to get a days range in the eur ,, on the break out days you will have extra lol,, use wht you do know ,, time of day ,, time of week etc etc if you cant get something in one day ,, wht the hell is longer time frames and all tht shit gonna do for one ,, how can you get much from longer ones if you cant even get a bit during one fucking day ,,,,, as zenny says dont need to take a shit load of trades altho the better you get the more you will sneek some in ,,, to me the whole thought process is fucked up from the get go ,, bass ackwards so longer time frames smaller lots bigger tgt hoping eventually something sticks ,, just makes one be able to trade a bit longer before they need to add some or say it cant be done and move on
  • #9,403
  • Edited 6:01pm Sep 27, 2019 5:37pm | Edited 6:01pm
Quoting ZenNy
{quote} Good point, that is why you do not trade levels but you trade price action or patterns around support resistance confirmed by a trend bar in the direction of your trade. And you should also not trade every trend bar at all support and resistance but only the best trades which are: a)pullback at the average in a trend, b)a major reversal c) and fading range at the extreme. Only trade the majors and your trades and analysis must be done on the 60m time frame and not less. Take only one two trades per day and with consistency raise your stake...
Hi ZenY

I believe you can trade any pair without fear of losing pips if you just stick to trading within areas that contain Large Liquidity pools. I have alerts for 22 pairs and Gold. The only difference with majors is these pools of orders are larger so trends appear stronger. The reality is trends do not actually exist, just directional movement for the consumption of these orders. When this process is not occurring, it’s random action to encourage traders to open positions by setting the trap call resistance.

Green Pips
Trading thin liquidity at the boundary of the charts
  • #9,404
  • Sep 27, 2019 5:41pm Sep 27, 2019 5:41pm
Quoting ZenNy
{quote} good post mate, I am not saying you cannot make money by making 10 trades per day, if you are an expert trader you will for sure..... But mostly here do not make money and they need to start to make some and the save way to do it is to trade less but only the good one, if they do that 1% a week can go to 4-5 % after they learn how to be selective and after they learn more about themselves.
yes some times i forget my early days but like digger JP you and me want the same thing for new traders mate we may differ on plans etc but in the end we are all traders trying to make a few dollars
people leave, but this thread will go on for ever
  • #9,405
  • Sep 27, 2019 5:46pm Sep 27, 2019 5:46pm
Quoting RickM
{quote} Hi ZenY You can trade any pair without fear of losing pips if you just stick to trading within areas that contain Large Liquidity pools. I have alerts for 22 pairs and Gold. The only difference with majors is these pools of orders are larger so trends appear stronger. The reality is trends do not actually exist, just directional movement for the consumption of these orders. When this process is not occurring, it’s random action to encourage traders to open positions by setting the trap call resistance....
very true.
trading is simple but is simple is not easy.
  • #9,406
  • Sep 27, 2019 5:48pm Sep 27, 2019 5:48pm
[quote=digger1;12529380]{quote} the eur does tht in a day ,,, everyday ,, some days more few days less ,,, expand on tht 70 30 thing ,,, 70 30 thing for a day ,, then a week ,, you know tht ,,use it use everything you got to get a days range in the eur ,, on the break out days you will have extra lol,, use wht you do know ,, time of day ,, time of week etc etc if you cant get something in one day ,, wht the hell is longer time frames and all tht shit gonna do for one ,, how can you get much from longer ones if you cant even get a bit during one fucking day ,,,,, as zenny says dont need to take a shit load of trades altho the better you get the more you will sneek some in ,,, to me the whole thought process is fucked up from the get go ,, bass ackwards so longer time frames smaller lots bigger tgt hoping eventually something sticks ,, just makes one be able to trade a bit longer before they need to add some or say it cant be done and move on[/quote

lets say scalping you do well you grow your account its only a mater of time befour your cought in sell off and bang your account wipped weekly daily with low% risk per trade you have the chance to grow
Turn your wounds into wisdom
  • #9,407
  • Sep 27, 2019 5:52pm Sep 27, 2019 5:52pm
Quoting Bk55
{quote} i plan to go live only 3k i need to focus on Draw down using the markets money when a trade goes my way small entry possibly 0.25% take bank at 0.5 and 1 R then add with markets money then get stoped most of the time a few will get through and make a few % its hard going you have to on the ball all the time it will take time to gain momentum i wish i started this as a younger man
all week in the euro ,,, similar to the aud ,, same culprit levels ,, same ole shit 12 hour average price got you what you was looking for ,, works the same week after week day after day ,, goes up from same levels goes down from levels ,,, tht is mkts tht is what they do ,,there is nothing new ,, there is nothing magical there is only where its been ,, use tht to see where it may go
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  • #9,408
  • Sep 27, 2019 5:53pm Sep 27, 2019 5:53pm
Quoting Bk55
Quoting digger1
{quote} the eur does tht in a day ,,, everyday ,, some days more few days less ,,, expand on tht 70 30 thing ,,, 70 30 thing for a day ,, then a week ,, you know tht ,,use it use everything you got to get a days range in the eur ,, on the break out days you will have extra lol,, use wht you do know ,, time of day ,, time of week etc etc if you cant get something in one day ,, wht the hell is longer time frames and all tht shit gonna do for one ,, how can you get much from longer ones if you cant even get a bit during one
...
not if you use a tight stop ,,, and swing from your levels ,, and yes ,, younger would have better for all of us lol
  • #9,409
  • Sep 27, 2019 5:55pm Sep 27, 2019 5:55pm
Quoting Aussi
{quote} yes some times i forget my early days but like digger JP you and me want the same thing for new traders mate we may differ on plans etc but in the end we are all traders trying to make a few dollars
sure but one has to find a way that also relates to his personality.....personally I do not enjoy being in front of the screen at every pip...I need to create a distance between myself and the price.....that why I do not trade less than the 30m time frame and only when conditions are favourable/when I feel market movers will get involved....You see I am very much trading without taking trades.....and only pull the trigger when i perceive is worth it.......in between I cook, read, watch a movie, talk with someone....in essence it has become an art form.....I need to like what I do to be able to make money.


Only me...
trading is simple but is simple is not easy.
  • #9,410
  • Sep 27, 2019 5:55pm Sep 27, 2019 5:55pm
Quoting Bk55
lets say scalping you do well you grow your account its only a mater of time befour your cought in sell off and bang your account wipped weekly daily with low% risk per trade you have the chance to grow
You missed the part about tight stops... when we enter, we have the expectation that price will respond fairly close to the area we got in... and if it doesn't then no big deal, you're out maybe 10-15 pips if you even let it run that far. So no major account wipeouts lol.
  • #9,411
  • Sep 27, 2019 5:57pm Sep 27, 2019 5:57pm
Quoting digger1
{quote}{quote} not if you use a tight stop ,,, and swing from your levels ,, and yes ,, younger would have better for all of us lol
your stops can get jumped when the market moves fast peronally i think 15min going h1 is lowest for me i like 5min even 1min but the spread and risk kills it for me
Turn your wounds into wisdom
  • #9,412
  • Sep 27, 2019 5:59pm Sep 27, 2019 5:59pm
Quoting Rrrracer
{quote} You missed the part about tight stops... when we enter, we have the expectation that price will respond fairly close to the area we got in... and if it doesn't then no big deal, you're out maybe 10-15 pips if you even let it run that far. So no major account wipeouts lol.
stops dont always trigger your broker gets you best spot when it happnds
Turn your wounds into wisdom
  • #9,413
  • Sep 27, 2019 6:02pm Sep 27, 2019 6:02pm
Quoting Bk55
{quote} your stops can get jumped when the market moves fast peronally i think 15min going h1 is lowest for me i like 5min even 1min but the spread and risk kills it for me
the sky may fall ,,, the sun might not come up tomorrow ,,, sky always stys up ,,, the sun always comes up ,, till it doesent one doesent worry about it ,, and yes a stp here and there does get tagged and yes there is many stp out on runners for nothing or plus one ,,,, shit happens ,, I have a flat tire on tractor or combine now and then ,, a little money to fix and back to it ,,,,, here is one going up and one we yak about a lot ,,, to help with the one tht really pays ,,,, same shit differ pair ,, a little practice ,, it does take do believe tht is a quarterly open there in tht area ,, what is an open ,, well one can see how a weekly open gets used ,, quarterly no different ,,, just a bigger level
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  • #9,414
  • Sep 27, 2019 6:03pm Sep 27, 2019 6:03pm
Quoting digger1
{quote} your aud bull bear ,, line drawn on daily ,, failure at a weekly pivot ,,, down last week ,,, this week ,, failure at weekly pivot down ,, last thing tht happened failure at weekly average price ,,, an average weekly price ,, go figure ay ,, no rocket science needed , not much thinking involved ,,, just a level to watch for and take a swing ,, maybe scalp a few up to them levels when there is a good opportunity or right time of day little 2 week trip ,, trades both ways bigger better ones to the down side ,, but right levels some to be had...
Im not good in reading charts but if I may try, the way I see it, in M180, i see bearish trend that was supported a liitle below where current price at. On hourly, a reversal about to happen after it was successfully supported previously in almost the same level and it may also be the bottom and plenty of room to go up. The pattern i see that is about to happen is uptrend. The hell i tried? Now i might get bombarded with questions that i cannot explain. I plea the 5th!
Only an idiot knows with certainty to where the market is going.
  • #9,415
  • Sep 27, 2019 6:03pm Sep 27, 2019 6:03pm
even guaranteed stops have risk lets not forget what happend when the chf crashed i know thats extrem but even large account on daily time frame got wipped along with some brokkers. theres been plenty of flash crashes sinse then
Turn your wounds into wisdom
  • #9,416
  • Sep 27, 2019 6:11pm Sep 27, 2019 6:11pm
Quoting digger1
{quote} the sky may fall ,,, the sun might not come up tomorrow ,,, sky always stys up ,,, the sun always comes up ,, till it doesent one doesent worry about it ,, and yes a stp here and there does get tagged and yes there is many stp out on runners for nothing or plus one ,,,, shit happens ,, I have a flat tire on tractor or combine now and then ,, a little money to fix and back to it ,,,,, here is one going up and one we yak about a lot ,,, to help with the one tht really pays ,,,, same shit differ pair ,, a little practice ,, it does take do...
Managing losses and damage limitation rule number 1 dont blow the account rule number 2 dont blow the account and so on
Turn your wounds into wisdom
  • #9,417
  • Sep 27, 2019 6:12pm Sep 27, 2019 6:12pm
and the one we all care about ,, same ole average same line thts been drawn for weeks ,,, same ole shit ,, ,
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  • #9,418
  • Sep 27, 2019 6:15pm Sep 27, 2019 6:15pm
Quoting Bk55
{quote} your stops can get jumped when the market moves fast peronally i think 15min going h1 is lowest for me i like 5min even 1min but the spread and risk kills it for me
I find it interesting that traders worry about spreads when they trade the incredibly slow time frames like the M15 and slower. The only factor that worries me is execution speed. When I hit that close button, I need instant close of that trade or my profits gone. I only trade M1 hunting 3-20 pips with no stops, only hedging when needed.
Trading thin liquidity at the boundary of the charts
  • #9,419
  • Sep 27, 2019 6:16pm Sep 27, 2019 6:16pm
Quoting Bk55
even guaranteed stops have risk lets not forget what happend when the chf crashed i know thats extrem but even large account on daily time frame got wipped along with some brokkers. theres been plenty of flash crashes sinse then
on a week end ,, Im wasent flat then ,,, i LEARNED MY LESSON ,, there is enough spots to be in and out myself as a retailer I dont need to hold shit over a week end ,, I was actually the right way ,, had to spend a bunch to get wht wouldve been taken from me had it been the other way around ,, I learned the lesson tho it would only take one of them to crush one and many were ,,, and once its gone its gone
  • #9,420
  • Sep 27, 2019 6:20pm Sep 27, 2019 6:20pm
Quoting Bk55
{quote} Managing losses and damage limitation rule number 1 dont blow the account rule number 2 dont blow the account and so on
and thts why you will be just fine ,,, you know tht lol ,,, once the thought shows up the sky wont fall and the sun will come up ,,, shit takes a bit of a different meaning ,,, there will be a lots less ,,,but but but ,, and just doing,,,,, as I told ya before even above your knowledge on the normal shit ,,, tht part will make a trader out of you regardless of anything less the only thing holding you back is you ,, as said I wish you nothing but the best
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