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  • #1,180,901
  • Aug 27, 2020 11:09am Aug 27, 2020 11:09am
Quoting PatienceFx
i use the donkey trader ea to automate my trading logic it is a manual trader not automatic ; stop giving me pm's for it
by the time automated ea gets wind of it the dd is huge ; this is why i did not automate it
i am only using it because i am lazy to hit buy/sell/close buttons
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  • #1,180,902
  • Aug 27, 2020 11:10am Aug 27, 2020 11:10am
Quoting MrBullBear
Alright guys, most of you won't agree.. but here me out and think about this. Name a trader who isn't gambling? We are all gambling here. The moment you place an order, without certainty that your investment will return 100%, you took a gamble. The moment you push the buy or sell button, knowing that you may lose this trade but push it anyway... you gamble! Cheers!!!
First, I consider my risks in trading, the reason for entering, I look at dxy as a filter.
I'm looking at what the market is doing now. There was a good shake-up for buyers before the news. The price was so high that it shook out a lot of unnecessary buyers, and then sellers piled up. Dxy grew up like a rocket, made 200% ADR today. And when dxy stop, i'm entered. Just holding my plan and trying trade on market not charts, But doing it sometimes)
trade safe
Like your wife says, hold the fucking position until I tell you I'm done.
  • #1,180,903
  • Aug 27, 2020 11:10am Aug 27, 2020 11:10am
Quoting Techanalyst
{quote} Not pulling out of a woman that is just your "friend" is a big gamble too
my favourite kind of gamble... Russian roulette but with a baby!
  • #1,180,904
  • Aug 27, 2020 11:10am Aug 27, 2020 11:10am
Quoting mistaouting
{quote} exactly....you do the best to put the odds in your favor. Poker is gambling....but you play the odds....your not just shooting in the dark....you gamble with logic/odds in your favor. shooting in the dark after someone spins you around is another story lol
Every poker player do that. Put the odds in their favor, money management, etc.. thingking you will out smart their opponent. But others have the same mentality. Out of 100 players, only one will get out as a winner. But all have money management with define strategy and method.
Only an idiot knows with certainty to where the market is going.
  • #1,180,905
  • Aug 27, 2020 11:11am Aug 27, 2020 11:11am
Quoting here2there
{quote} How old are you? I didn't say a person can't win like that. Even people who gamble win. But dumb luck eventually runs out. In short, it is highly risky and more often than not leads to loss. By the way, there is no need to use such filthy language! You make yourself like uneducated by talking like that.
what is gambling....that's just your lack of understanding/knowledge

because you don't know why they went long...you called it gambling ( although its all gambling) you were meaning i am sure that that person had no basis for taking that position other than a shot in the dark.

you down talk this forum...for lack of teaching and learning.....but failed to take that oppurtity to ask that person why go long (possible learning oppturutiy for you and him) instead you say your gambling....how can you not see how you are wrong....why cant your pride let you see that and say you know what you are right....

you told me the pride will go before the fall....maybe that you several times thus far
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  • #1,180,906
  • Aug 27, 2020 11:12am Aug 27, 2020 11:12am
Quoting shahab8b
{quote} very good trading, keep it up!
thanks) I'm trying to trade and learn useful things from you)
Like your wife says, hold the fucking position until I tell you I'm done.
  • #1,180,907
  • Aug 27, 2020 11:13am Aug 27, 2020 11:13am
Quoting mistaouting
{quote} what is gambling....that's just your lack of understanding/knowledge because you don't know why they went long...you called it gambling ( although its all gambling) you were meaning i am sure that that person had no basis for taking that position other than a shot in the dark. you down talk this forum...for lack of teaching and learning.....but failed to take that oppurtity to ask that person why go long (possible learning oppturutiy for you and him) instead you say your gambling....how can you not see how you are wrong....why cant your...
getting married is gambling
  • #1,180,908
  • Aug 27, 2020 11:13am Aug 27, 2020 11:13am
Quoting here2there
{quote} Jumping into a trade as a result of FOMO is gambling. However, it's not gambling when technical analysis is used to calculate probabilities. Yes, you can still lose. But that is not the point. Trading should be treated like a business. I don't know of any professional traders who see it as a casino.
Still gambling....

Life is a gamble... casino can be play by probability and they set up so the chance of winning is time x amount of hours you play. Its a system. Just like you.... you bet on your system that it will succeed. You are gambling according to the probability or your strategy... whether its 1% or 100%... flipping dice is 50-50
perhaps your strategy is 60% success but trading smart could increase it to 80%... same thing.... you playing by the chance.
Trade what you see, take what the market gives you.
  • #1,180,909
  • Aug 27, 2020 11:14am Aug 27, 2020 11:14am
Can we all just get back to gambling on the market??? Share your gambling techniques please
Trade what you see, take what the market gives you.
  • #1,180,910
  • Aug 27, 2020 11:14am Aug 27, 2020 11:14am
Quoting PatienceFx
{quote} getting married is gambling
try it before you buy it! but its still gamble things change when you wake with that person day after day...year after year....decade after decade
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  • #1,180,911
  • Aug 27, 2020 11:15am Aug 27, 2020 11:15am
Quoting vowan4ik
{quote} First, I consider my risks in trading, the reason for entering, I look at dxy as a filter. I'm looking at what the market is doing now. There was a good shake-up for buyers before the news. The price was so high that it shook out a lot of unnecessary buyers, and then sellers piled up. Dxy grew up like a rocket, made 200% ADR today. And when dxy stop, i'm entered. Just holding my plan and trying trade on market not charts, But doing it sometimes) trade safe
I appreciate you giving that explanation. But what it really comes down to is a state of indecision, which means the risk was higher to trade it. You won. I am happy for you. But it won't always turn out like that. And things could potentially get very ugly trading like that. My point is to trade with less risk. Trading against strong momentum is too risky in my opinion, especially when large lots are involved.
Learn from your mistakes and march on.
  • #1,180,912
  • Aug 27, 2020 11:18am Aug 27, 2020 11:18am
Quoting here2there
{quote} Jumping into a trade as a result of FOMO is gambling. However, it's not gambling when technical analysis is used to calculate probabilities. Yes, you can still lose. But that is not the point. Trading should be treated like a business. I don't know of any professional traders who see it as a casino.
Some call it FOMO, some call it opportunity. The only difference is, if you lose, you call it FOMO, if you win, you call it opportunity. Cheers!
By the way, poker players also calculate their riak and probabilities. And business is a gamble, you can be beated by competitors and file bankruptcy. You lose or win.. it's a gamble.
Only an idiot knows with certainty to where the market is going.
  • #1,180,913
  • Aug 27, 2020 11:18am Aug 27, 2020 11:18am
Quoting mistaouting
{quote} what is gambling....that's just your lack of understanding/knowledge because you don't know why they went long...you called it gambling ( although its all gambling) you were meaning i am sure that that person had no basis for taking that position other than a shot in the dark. you down talk this forum...for lack of teaching and learning.....but failed to take that oppurtity to ask that person why go long (possible learning oppturutiy for you and him) instead you say your gambling....how can you not see how you are wrong....why cant your...
We clearly have a different understanding of gambling, and frankly, I don't like you. So the conversation ends here.
Learn from your mistakes and march on.
  • #1,180,914
  • Aug 27, 2020 11:18am Aug 27, 2020 11:18am
that 4h candle looks wicked.

tempted to keep trading but dont seem to be moving enough for me to scalp and dont trust direction swing.

I still don't get why USD gained strength on the feds

can someone explain that...

euro still bullish on daily...i may take a small long wide sl and hold actually

edit: i should have held those longs i had near the lower white lines on the charts I posted earlier
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  • #1,180,915
  • Aug 27, 2020 11:21am Aug 27, 2020 11:21am
checking usdx , likely burst up next , may have enough down !
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,180,916
  • Aug 27, 2020 11:21am Aug 27, 2020 11:21am
Quoting MrBullBear
{quote} Some call it FOMO, some call it opportunity. The only difference is, if you lose, you call it FOMO, if you win, you call it opportunity. Cheers! By the way, poker players also calculate their riak and probabilities. And business is a gamble, you can be beated by competitors and file bankruptcy. You lose or win.. it's a gamble.
Believe me, I know FOMO! I learned about it the hard way trading Bitcoin.

FOMO is very different from technical analysis.
Learn from your mistakes and march on.
  • #1,180,917
  • Aug 27, 2020 11:22am Aug 27, 2020 11:22am
To summarise the gambling issue, just keep ur gambling strategy consistent n don't change with the changing market. Surely ur gamble will become a business, some days u do good somedays bad, don't force to be correct always accept ur loses, well u can consider them as cost of running the business
I'm enjoying the wins because I was once terrified by loses
  • #1,180,918
  • Aug 27, 2020 11:23am Aug 27, 2020 11:23am
Quoting here2there
{quote} I appreciate you giving that explanation. But what it really comes down to is a state of indecision, which means the risk was higher to trade it. You won. I am happy for you. But it won't always turn out like that. And things could potentially get very ugly trading like that. My point is to trade with less risk. Trading against strong momentum is too risky in my opinion, especially when large lots are involved.
Man, that's just your opinion.
I am good at managing risks, is it risky to enter a 0.5 lot trade from an account of almost 100 thousand? You don't know my trading style, if you were a little longer you would see that I constantly move my stops quickly and close part of the trade at times. I am also used to adding to winning trades and cutting losing trades. This is my experience in risk management. I am not saying that I am successful, I always say that I am ready to learn.
For example, are my yesterday's deals also a gamble?
And this is still not the maximum, only gold I closed yesterday at +312 pips
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Like your wife says, hold the fucking position until I tell you I'm done.
  • #1,180,919
  • Aug 27, 2020 11:24am Aug 27, 2020 11:24am
Quoting here2there
{quote} We clearly have a different understanding of gambling, and frankly, I don't like you. So the conversation ends here.
this guy....he really be serious....

says people can't learn on the thread....i say well just ask im sure traders will share...instead he says a guys is gambling.

he says sarcastically says to me "how old are you" then says something like this "I don't like you"
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thats fine if don't, your not the first....ask yourself why. some people can't handle the truth lol
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  • #1,180,920
  • Aug 27, 2020 11:27am Aug 27, 2020 11:27am
Speaking more about gambling in trading here in actual live actual situation. Should I wait for more push up, take a gamble or close this to secure my profit? Now don't call it a business if I took security of my profit.. because I took a gamble buying below in the first place.. i wouldn't be in this situation if I didn't took a gamble.. cheers!
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Only an idiot knows with certainty to where the market is going.
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