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  • #401
  • Aug 6, 2020 10:05pm Aug 6, 2020 10:05pm
Quoting genghistar
{quote} I am not focusing on you but your bombastic claim of 100% 23 live calls. I happen to be a excellent scalper too can I get to meet those *excellent* traders Cheers
Well I guess not.
Good luck with whatever you are doing

Cheers
  • #402
  • Aug 6, 2020 10:16pm Aug 6, 2020 10:16pm
Quoting genghistar
{quote} Well I guess not. Good luck with whatever you are doing Cheers
There’s that bad attitude again.
If you are a good scalper, please join us.
You need to follow my history from earlier this week to get access.
Then you can see what happened to prove my statement.

Best of luck
Trading thin liquidity at the boundary of the charts
  • #403
  • Aug 6, 2020 10:29pm Aug 6, 2020 10:29pm
Quoting RickM
{quote} There’s that bad attitude again. If you are a good scalper, please join us. You need to follow my history from earlier this week to get access. Then you can see what happened to prove my statement. Best of luck
If you feel my calling you out for your bombastic claim is bad attitude then
I apologise.
I don't think you are a bad guy but one thing I know is your scalping method without using stoploss or using a disproportionate amount of risks to chase down small profit is unsustainable.
Btw I think you have to careful about saying having to pay for lesson in your earlier post. You may be flagged as commercial by admin

Cheers.
  • #404
  • Aug 6, 2020 11:22pm Aug 6, 2020 11:22pm
Quoting CeeSo
... objective reality of what the market is offering...
When dopamine is involved, that reality is hard to find, and it may even be triggered by reading about traders who are where others want to be. That chemical can also cause a lot of strange posts in reaction.

I can feel it when it starts up, and I know it's time to walk away, and for a long time. I have other things to do and I get deeply involved in them, this helps me a lot.

If I ever FEEL that I WANT to trade, then I know I better stay away. Many years went into this.

I see the random outcomes of text book setups in a very poor context and it was frustrating when I used to trade them. Now I see them and know why they are there, especially in the smaller time frames, such perfection of patterns, but the outcomes are very bad in reality, I can see traders in pain there. It's like an accident waiting to happen.
big money makes big moves and then hides during small money chasing.
  • #405
  • Aug 6, 2020 11:49pm Aug 6, 2020 11:49pm
Quoting LDFX
{quote} It was CeeSo that wrote “This is what I like to call fooled by randomness”, not me . Yes you are right, retail traders are the minority because of their low capital, that is why it becomes a problem only when shared on public forums with large audiences. A retail trader can use 20/40 pips stops, even as low as 5, while a fund can not because of liquidity problems when placing huge orders, therefore they have waaaay bigger stops, split their orders, taking days or weeks to build up a position (aka as trendlines, S/R, etc...) and even...
Sorry, hehe. I was high while writing it, so I got confused thinking it was CeeSo who replied to my comment directed towards him, hehe.

And I like your "logic", but Market Makers/Liquidity Providers (and higher level institutions [like some big quantitative-algorithmic HFT Hedge Funds], commercial and central bancs) are the ones constantly creating the price/spreads for practically all ranges, hence retail traders moving less than 2% of the total Forex volume aren't really capable of creating any sizable slippage. Furthermore, even with your hypothesis being true, what would be the proportion of such a tiny size all clicking BUY/SELL at market (or placing stop/"limit" orders in the same precise levels) at exactly at same time; also considering the geographic locations and prime-relationships of all retail brokers with different infrastructure and connections, ergo implying several different latencies, executions, and positions on many decentralized books/queues (remember that most FX is an OTC market, outside regulated exchanges).

Quoting genghistar
{quote} If you feel my calling you out for your bombastic claim is bad attitude then I apologise. I don't think you are a bad guy but one thing I know is your scalping method without using stoploss or using a disproportionate amount of risks to chase down small profit is unsustainable. Btw I think you have to careful about saying having to pay for lesson in your earlier post. You may be flagged as commercial by admin Cheers.
Come on, it's obvious that Rick was only joking with the "Pepsi" thing. Anyone here could join the mentioned trading room just by being a little more watchful, and of course without big EGOS getting in the way...
  • #406
  • Aug 7, 2020 12:19am Aug 7, 2020 12:19am
Thanks for letting us know. It will be really helpful for a huge amount of traders and they will also be able to learn from your mistakes.
  • #407
  • Aug 7, 2020 3:58am Aug 7, 2020 3:58am
Quoting genghistar
{quote} If you feel my calling you out for your bombastic claim is bad attitude then I apologise. I don't think you are a bad guy but one thing I know is your scalping method without using stoploss or using a disproportionate amount of risks to chase down small profit is unsustainable. Btw I think you have to careful about saying having to pay for lesson in your earlier post. You may be flagged as commercial by admin Cheers.
Hi man,

I join from time to time that room and I can tell you Rick is calling his trades when he takes them. There are many others on FF who can confirm that.

And that Pepsi think is only a common joke in that trading room.

Cheers,
B.
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #408
  • Aug 7, 2020 4:55am Aug 7, 2020 4:55am
Quoting bfx17
{quote} Hi man, I join from time to time that room and I can tell you Rick is calling his trades when he takes them. There are many others on FF who can confirm that. And that Pepsi think is only a common joke in that trading room. Cheers, B.
I hv never doubted his live calls but to gloat about 23 live calls with 100% success piqued my curiosity especially when there is no mention about the risks factor.
I even offered to pay him to watch him make just 10 instead of 23 with a profit factor of 2X.
I also offered to join him and his gang to make those live calls but he said I have to learn his method first and wait in line to join.
Anyway I hv said my peace and put this whole drama behind me. My last post here.

Tks n cheers
  • #409
  • Aug 7, 2020 5:57am Aug 7, 2020 5:57am
So according to all the information above, there should be circumstances in which the probability is highest, what are the circumstances?
Sorry, I could not understand from the Excel file
Personally I would rather enter a trade once a week with the highest probability than entering 2 trades every day with a less good probability
  • #410
  • Aug 7, 2020 6:41am Aug 7, 2020 6:41am
Good Morning guys and gals.

Fridays Market environment is going to be a challenging one.

There were fairly decent size counter daily trends in the Asian and London session so far and we are already testing the extremes of most of the -.50 levels so that means that today "could" turn into on of the 10% of days that we keep going and maybe even see the 1% levels. My plan is to find a USD Long for one more leg lower on this trend but to be very aware of the fact we could easily go sideways or even bounce off these 50 levels.

I am currently short the EURCAD because it does have some room to breathe.
  • #411
  • Aug 7, 2020 6:59am Aug 7, 2020 6:59am
Quoting CeeSo
Good Morning guys and gals. Fridays Market environment is going to be a challenging one. There were fairly decent size counter daily trends in the Asian and London session so far and we are already testing the extremes of most of the -.50 levels so that means that today "could" turn into on of the 10% of days that we keep going and maybe even see the 1% levels. My plan is to find a USD Long for one more leg lower on this trend but to be very aware of the fact we could easily go sideways or even bounce off these 50 levels. I am currently short the...
it looks tough to bring it down to .5.
maybe, 1.57630
  • #412
  • Aug 7, 2020 7:13am Aug 7, 2020 7:13am
Quoting BWilliam
{quote} Possible long prospect after employment data.
wow, didn't see those red news.
BTW I only trade tokyo and london.
Usually closed shop at 10:00 GMT
  • #413
  • Aug 7, 2020 7:43am Aug 7, 2020 7:43am
Quoting CeeSo
Good Morning guys and gals. Fridays Market environment is going to be a challenging one. There were fairly decent size counter daily trends in the Asian and London session so far and we are already testing the extremes of most of the -.50 levels so that means that today "could" turn into on of the 10% of days that we keep going and maybe even see the 1% levels. My plan is to find a USD Long for one more leg lower on this trend but to be very aware of the fact we could easily go sideways or even bounce off these 50 levels. I am currently short the...
Good call, a win is a win regardless what force push it down to .5.

Another 15 mins EUR must show it decisiveness to break 1.57630
  • #414
  • Aug 7, 2020 7:43am Aug 7, 2020 7:43am
Ok here are my trades this morning if I have some time later I will post some charts but the basic trade idea today was the USDJPY Longs and EURCAD Shorts because they both had room to breathe before reaching extreme price containment levels.

Today I only sized HALF my normal sizing due to the Risk-Off event. I think both of these trades would have worked out the same even without the employment data release and it is too bad or it should have been a $3000 day but a decent day 2 for my challenge $1300 profit or 1.3%


Looks like those 50 levels are holding up again hehehe. Math never lies.
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  • #415
  • Aug 7, 2020 8:10am Aug 7, 2020 8:10am
Quoting BWilliam
{quote} Ecad live call before employment data release. Data release caused the spike towards support followed by the high probability bounce upwards. {image}

Bwilliam nice trade but please I really want to keep this thread as clean as possible and focus on statistical trading and dopamine control.

I mentioned a few times that as Traders we must not have any EGO because EGO causes biases and EGO and biases both cause Dopamine Flushes.

I could sit in this room and call out trade after trade and I know I would make a lot of money because I have been very successful and consistent over the last 2 years but I do not want this to turn into a Trading Guru thread.

I really want people to just think for themselves of ways they can use Statistics in their own trading.

So let's keep this thread focused on that theme as well as let's keep the thread focused on psychology and Dopamine control.
  • #416
  • Aug 7, 2020 8:12am Aug 7, 2020 8:12am
Isn't this a bit too early you declare 'victory'?
Anyway, nice posting.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #417
  • Aug 7, 2020 8:26am Aug 7, 2020 8:26am
Quoting CeeSo
{quote} Bwilliam nice trade but please I really want to keep this thread as clean as possible and focus on statistical trading and dopamine control. I mentioned a few times that as Traders we must not have any EGO because EGO causes biases and EGO and biases both cause Dopamine Flushes. I could sit in this room and call out trade after trade and I know I would make a lot of money because I have been very successful and consistent over the last 2 years but I do not want this to turn into a Trading Guru thread. I really want people to just think for...
Aren't you willing anymore to keep the thread on how to exploit the probability edge?

About dopamine control
I think what can help you is to set your daily targets. That will keep you away from over trading. In other words, have a good trading plan that I'm sure you have.
I know trading can be addictive for some people and to control that you need fixed rules and if you are not able to control yourself, someone else needs to control you
  • #418
  • Aug 7, 2020 8:28am Aug 7, 2020 8:28am
Quoting heispark
Isn't this a bit too early you declare 'victory'? Anyway, nice posting.

Nah I am done for the day. I was considering a long USD trade after the report as well because as I said earlier today could easily turn into one of the 10% trend days and that is exactly what we are seeing.


Today looks like one of the 10% trend days so I will not be fading and levels today the best trades today were with the trend do not try and fight these types of moves, especially after a big data event.

  • #419
  • Aug 7, 2020 8:29am Aug 7, 2020 8:29am

Quoting CeeSo
{quote} Bwilliam nice trade but please I really want to keep this thread as clean as possible and focus on statistical trading and dopamine control. I mentioned a few times that as Traders we must not have any EGO because EGO causes biases and EGO and biases both cause Dopamine Flushes. I could sit in this room and call out trade after trade and I know I would make a lot of money because I have been very successful and consistent over the last 2 years but I do not want this to turn into a Trading Guru thread. I really want people to just think for...
Dopamine control -

1. Put on a Trade
2. Go to BE
3. Cold beer
4. Few puffs of Indica hybrid
5. Narcos on Netflix.
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  • #420
  • Aug 7, 2020 8:34am Aug 7, 2020 8:34am
Quoting driven18
{image} {quote} Dopamine control - 1. Put on a Trade 2. Go to BE 3. Cold beer 4. Few puffs of Indica hybrid 5. Narcos on Netflix. {image}

Hahaha I used to smoke weed when I was a much much younger man but all it did was make me super paranoid but good luck with that if it helps you
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