Ghost
Swoopen in for my pips while no one is lookin !!
- #5
- Oct 26, 2006 12:01pm Oct 26, 2006 12:01pm
- | Joined Jul 2006 | Status: Pay the man ! ! | 912 Posts
Annoying isnt it.
Good move in Europe, then crappy U.S. open, no good move on the data, no good 10:00 a.m. move, then it takes off at an odd time(while i am eating lunch). You come back to see a chart that looks like an obvious beautiful trend and you only got a small peice.
No Biggy, at least this pig is rolling. Maybe we can make some real money tommorow.
Good move in Europe, then crappy U.S. open, no good move on the data, no good 10:00 a.m. move, then it takes off at an odd time(while i am eating lunch). You come back to see a chart that looks like an obvious beautiful trend and you only got a small peice.
No Biggy, at least this pig is rolling. Maybe we can make some real money tommorow.
Profit is where readiness meets Opportunity
- #6
- Oct 26, 2006 12:01pm Oct 26, 2006 12:01pm
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
Mr. Trend
- #10
- Oct 26, 2006 12:37pm Oct 26, 2006 12:37pm
Tell me about it!!! You run off for a few minutes expecting everything to be quiet, come back and wham! The market just streaks off on you...
Either somebody had a whole lot of buying/selling to do which triggered it all or some kind of jawboning went on that we don't know about... But, you're right, 16:20GMT???? What are they doing??
But we take it in stride and capitalize on it however it may come.
Good luck all!
Either somebody had a whole lot of buying/selling to do which triggered it all or some kind of jawboning went on that we don't know about... But, you're right, 16:20GMT???? What are they doing??
But we take it in stride and capitalize on it however it may come.
Good luck all!
I agree at 99%
How do you follow a plan if a variable changes ?
I would say 'revaulate the plan', or 'adjust the plan' based on what is happening, not follow your plan.
What means ?
Thx
Ghost
Swoopen in for my pips while no one is lookin !!
- #12
- Oct 26, 2006 12:49pm Oct 26, 2006 12:49pm
Is anyone here a scalper here after 10am central, that is what my original plan was going to be 4 months ago but the market hasnt been following the same patterns as it use to?
- #13
- Edited 4:54pm Oct 26, 2006 1:03pm | Edited 4:54pm
I used to do some scalping last spring, but it's getting harder to do it seems like. Market isn't acting this fall with that kind of volatility. You almost have to just always wait for the next big move in order to catch anything. In between news events, market seems to be generally quiet anymore with the occasional moves during market fixes. I thought I remember reading somewhere that the banks aren't letting the kind of volatility go on like they used to. Perhaps they're getting tired of us scalping money off of them... hmmm
we small traders, play against investment banks and institutions . Would sound more real to say that they play against us...anyway:
Brokers get liquidity from banks, which often are this same investment banks.
Who moves the market with huge capitals are once again: the investment banks. (prove is that for instance in europe 90% of forex investment banks are in UK, and when in Uk is bank holidays, the market doenst move at all).
They can see what we do, we dont know what they are going to do.
The formula is easy :
investment banks AGAINST retail traders
If we make money, they earn less, this means, they are able to change the rules with their huge capitals.
simple and easy.
Imporatnt is to keep to adapt and try to make money and them the loose
This is impossible, but if in a dream this would happend , then forex would finish !
- #14
- Oct 26, 2006 1:06pm Oct 26, 2006 1:06pm
- Joined Apr 2006 | Status: Mmmm pips. | 1,418 Posts
Mr. Trend
- #15
- Edited 1:27pm Oct 26, 2006 1:09pm | Edited 1:27pm
Who cares if it changes! That's why you backtest and forward test strategies. Regardless of what happens, it shouldn't matter -- if you trust your plan, and you define your risk before you go into a trade, then that means you trust whatever will happen.
Being able to define risk means that you realize that it only takes one person to be the, "variable", as you put it. So that means one person can move the market and change the result of your edge.
But that's why you test it.
Get it out of your head that you have to know why the market does something. Until you do, you will lose stacks of cash.
I have a different way of thinking, and even if 'I care' or 'I dont go out of my head' , like you say, I make good money.
So what you say makes no sense to me.
But no problem, until we both make money, we both have a good system then
If you must understand if a trend is up or down what do you do , a part of using you indicators ?
You take a strange fruit from the ground.<o
></o>You know that it can be only an apple, or a pear.<o
></o>Is better to understand if what you have in your hand is an apple, or is easier to understand if is not a pear ?
<o></o>Any of the 2 is good, but how do you trade if you dont know if its an apple or a pear ?
just a joke
<o
></o> 