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Justin's Playground

  • #3,021
  • Apr 12, 2021 7:30pm Apr 12, 2021 7:30pm
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https://www.fxempire.com/forecasts/a...support-719208
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,022
  • Apr 13, 2021 8:15am Apr 13, 2021 8:15am
Quoting heispark
{quote} Although I don't like RJ, his trading approach still has some values. Many traders tend to predict directions based on their own technical analysis such as trend lines, patterns or indicators. In my opinion, that's not very effective in this algo driven world with full of stop hunters especially when you're a day trader. When I trade Nat Gas, I am watching sudden and quick breakouts with heavy volumes and order flows during regular sessions. Such breakouts are usually very quick so if you are not fast enough, you won't be able to catch them....
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,023
  • Edited Apr 28, 2021 1:20am Apr 27, 2021 8:26pm | Edited Apr 28, 2021 1:20am
I have opened a small convenience store for living. Actually, this was my wife's idea. So far so good. She has a decent job and now I don't need to push myself to trade for living. Now trading is a hobby to me. Trading for living is in my opinion is very difficult, if not impossible to most people. That's my honest opinion after 10 years of endeavor. Anyway, I am making money consistently with spread trading and draw out profit monthly. I haven't blown my account for more than a year......

This is my shop... Main item is ice cream. I also have all sort of cookies and drinks. Actually, it runs pretty well so far (only opened a week ago), and I believe my shop should have been listed within top 10 among this franchise stores.
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What I like the most is because this is unmanned shop, I still have enough time to trade, even including day trading.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,024
  • Apr 28, 2021 7:47am Apr 28, 2021 7:47am
Quoting heispark
/NG is heading to Daily 50 EMA and 4H 200 EMA. Many people are watching this...... {image}{image} Reasons to short: - Nat Gas is seasonally in down trend. - 50 & 200 EMAs are well respected. - Many people are waiting to reenter sell positions. Reasons NOT to short: - So many people are waiting this opportunity and Mr. Market may want to fuck them up. - High LNG demand.
Yes, indeed.........
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,025
  • Apr 28, 2021 1:27pm Apr 28, 2021 1:27pm
Quoting heispark
I have opened a small convenience store for living. Actually, this was my wife's idea. So far so good. She has a decent job and now I don't need to push myself to trade for living. Now trading is a hobby to me. Trading for living is in my opinion is very difficult, if not impossible to most people. That's my honest opinion after 10 years of endeavor. Anyway, I am making money consistently with spread trading and draw out profit monthly. I haven't blown my account for more than a year...... This is my shop... Main item is ice cream....
Congratulations I hope you make enough money to provide a nice living for you and your family.
  • #3,026
  • Apr 28, 2021 1:34pm Apr 28, 2021 1:34pm
Quoting heispark
/NG is heading to Daily 50 EMA and 4H 200 EMA. Many people are watching this...... {image}{image} Reasons to short: - Nat Gas is seasonally in down trend. - 50 & 200 EMAs are well respected. - Many people are waiting to reenter sell positions. Reasons NOT to short: - So many people are waiting this opportunity and Mr. Market may want to fuck them up. - High LNG demand.
NG trading is probably a waste of time for me since I never leave a trade opened overnight and the ATR is rarely above 10 ticks.
  • #3,027
  • Apr 28, 2021 11:07pm Apr 28, 2021 11:07pm
Quoting Hutch
{quote} NG trading is probably a waste of time for me since I never leave a trade opened overnight and the ATR is rarely above 10 ticks.
It looks like volatility in general has become lower again recently in other markets too including forex........
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,028
  • Apr 29, 2021 9:36am Apr 29, 2021 9:36am
Quoting heispark
{quote} It looks like volatility in general has become lower again recently in other markets too including forex........
You are entirely right. When I started trading forex in 2005 pairs that I now consider inactive like EURUD, USDCAD, etc. had ATRs above 100 pips a day; these days we are lucky to have ATRs above 60.
  • #3,029
  • Apr 29, 2021 7:17pm Apr 29, 2021 7:17pm
Quoting Hutch
{quote} You are entirely right. When I started trading forex in 2005 pairs that I now consider inactive like EURUD, USDCAD, etc. had ATRs above 100 pips a day; these days we are lucky to have ATRs above 60.
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Still not as bad as early 2020......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,030
  • May 3, 2021 8:09am May 3, 2021 8:09am
Quoting heispark
{quote} The latest version of MotiveWave has Bookmap 'look-a-like' feature. Actually, I think they copied Bookmap as I suggested to them. Their feature is less powerful compared to Bookmap but it's free of charge to MW users anyway. https://youtu.be/wgANNIR8YIQ
Quoting heispark
{quote} {quote} MotiveWave has changed the name of DOM History to 'Big Trades' in recent update. Especially, I like 'Auto Circle' option which displays relative volume size visually. However, it needs to be improved. When time passes, the circles becomes too small to identify. I reported this to MotiveWave support team for future improvement. Actually, I have made some decent contribution to their product improvement. I use it as a breakout confirmation. {image}{image}{image}{image}{image}{image} {image}
Personally, I think Bookmap style orderflow feature is useful to identify genuine breakouts or intention of big traders......
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,031
  • May 3, 2021 7:59pm May 3, 2021 7:59pm
Quoting heispark
{quote} Yes, indeed.........
Inserted Video

There were too many speculating sellers then.......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,032
  • May 3, 2021 8:19pm May 3, 2021 8:19pm
Open interest and volume support bullish view......
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https://www.fxstreet.com/news/natura...t-202105030539
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,033
  • May 4, 2021 9:45am May 4, 2021 9:45am
Quoting heispark
Open interest and volume support bullish view...... {image} https://www.fxstreet.com/news/natura...t-202105030539
Wow very impressive looking for a price of $3.00 when it's already at $2.96 and already reached $3.01 today.
My cat could make more accurate predictions
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  • #3,034
  • May 4, 2021 8:58pm May 4, 2021 8:58pm
Quoting heispark
{quote} Top 10 Fake Guru Red Flags https://youtu.be/ttIoqbyZVT0
Fake gurus are everywhere. This guy is TMS fake guru. I don't understand why he wanted to pretend to be a guru trying to teach people in FF. I don't take FF seriously anymore....... Just daily quick look around for fun. I like their news calendar though.
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,035
  • May 8, 2021 2:51am May 8, 2021 2:51am
Quoting heispark
{quote} Fake gurus are everywhere. This guy is TMS fake guru. I don't understand why he wanted to pretend to be a guru trying to teach people in FF. I don't take FF seriously anymore....... Just daily quick look around for fun. I like their news calendar though. {image}

Hey Justin

You still follow that rookie trader clown from TMS thread.

He is on his path to financial freedom ... https://www.forexfactory.com/thread/...5#post13220035

Biggest joke here in Forex Factory.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,036
  • May 8, 2021 6:48am May 8, 2021 6:48am
Quoting heispark
{quote} Fake gurus are everywhere. This guy is TMS fake guru. I don't understand why he wanted to pretend to be a guru trying to teach people in FF. I don't take FF seriously anymore....... Just daily quick look around for fun. I like their news calendar though. {image}
Hi

Yes !

They are everywhere and some have succeeded in fooling people for ages!!

Trade well / Mos
Don't limit yourself!!
  • #3,037
  • May 11, 2021 8:48am May 11, 2021 8:48am
Quoting heispark
{quote} Strong resistance ahead......... {image}
Retesting..... critical area......
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,038
  • May 11, 2021 11:09pm May 11, 2021 11:09pm
One of the good Nat Gas analyses.....

Natural Gas Prices Start To Weaken As Fundamentals Loosen

https://seekingalpha.com/article/442...mentals-loosen
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,039
  • Edited 9:08am May 12, 2021 8:42am | Edited 9:08am
Quoting heispark
{quote} Oil market is highly manipulated with inaccurate information all around. I am done with commodities. I hate the extreme nature of commodity trades which asking for extreme pains from traders. I find myself have better edge on currency trade. I will focus on currency trade unless I see very good, low risk trade opportunities on commodities. See this video. Even so-called 'experts' can be burned seriously..... https://www.bloomberg.com/news/artic...alflow-organic...
I just wanted to remember and remind myself how I hated commodity trades years ago when I lost $8000 in a month trading crude oil futures. James Cordier lost nearly $200M in just several days selling natural gas and crude oil options. He even wrote several well-known books found in Amazon. Commodity trading is very risky and I can become a next victim any time. Spread trading is bread and butter to me for now and I'd say it's relatively lower in risk but as you know, Amaranth was folded after losing $3B in Natural Gas futures spread trading. Risk management is a key for survival in this game as a black swan sure comes back again in the future.......
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Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,040
  • May 12, 2021 12:10pm May 12, 2021 12:10pm
Quoting heispark
{quote} I just wanted to remember and remind myself how I hated commodity trades years ago when I lost $8000 in a month trading crude oil futures. James Cordier lost nearly $200M in just several days selling natural gas and crude oil options. He even wrote several well-known books found in Amazon. Commodity trading is very risky and I can become a next victim any time. Spread trading is bread and butter to me for now and I'd say it's relatively lower in risk but as you...
You did just like my moto says "Learn from your mistakes". Even with a good strategy you can suffer losses but with good money management you can minimize risks and even turn out a profit. A while back losing 60% of my trades I still made money
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