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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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Clemmo's Trading Odyssey

  • #481
  • Feb 6, 2023 12:51pm Feb 6, 2023 12:51pm
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The markets don't seem to be concerned about the Turkish earthquake. Either that or the Lira has been pushed as far as it can practically go. Either that or the dominant powers are just trying to figure out their strategy on the secret chat groups (and waiting for suckers to pile in on the wrong direction) and then they'll strike soon.
  • #482
  • Feb 6, 2023 4:18pm Feb 6, 2023 4:18pm
Quoting clemmo17
{image}The markets don't seem to be concerned about the Turkish earthquake. Either that or the Lira has been pushed as far as it can practically go. Either that or the dominant powers are just trying to figure out their strategy on the secret chat groups (and waiting for suckers to pile in on the wrong direction) and then they'll strike soon.
i did love trading the tryusa but alas my brokers have stopped us from trading it
people leave, but this thread will go on for ever
  • #483
  • Feb 6, 2023 4:51pm Feb 6, 2023 4:51pm
Quoting Aussi
{quote} i did love trading the tryusa but alas my brokers have stopped us from trading it
Mine also. Either they force it to close only or they made the swap unaffordable. I guess I understand why. It's just a sure bet.
  • #484
  • Feb 8, 2023 1:32pm Feb 8, 2023 1:32pm
Today we bid a sad farewell to goldeyes who has slipped out of the top 10.

Any familiar names on this list?
Yes indeed.

Journey of 1000 soldiers
khaidym93
FP_mini_18
ALEXNGO(numbers)

Congrats to these guys for holding on for nearly 3 weeks! And Khaidym93 has risen to clinch the top spot. Nice.
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  • #485
  • Feb 10, 2023 3:18pm Feb 10, 2023 3:18pm
Quoting clemmo17
{image}BTCUSD W1 The initial promise is now looking like a low risk short.
Very stubborn, but it is now happening.
  • #486
  • Feb 10, 2023 3:20pm Feb 10, 2023 3:20pm
Quoting clemmo17
{image}I'm not saying it's going to happen, because as the recession deepens, the Brit economy will be harder hit than the US, but this recent double top would make for a delicious bear trap. One little zag and then grind upwards. The USD index has plenty of room to fall back to 100.00. As Britain's news gets worse and worse, shorts enter and are left scratching their heads as to why GBPUSD keeps rising. The market absolutely loves this sort of thing. Also, compare these two double tops and it should be quite obvious how they are significantly different...
No sign of dollar weakness nor can I imagine any reason for it but also note that it's in no hurry to drop. The market is pondering. Waiting to see what the greater fools will do, or for some news, like a worse recession than the one they're already expecting for the UK.
  • #487
  • Feb 12, 2023 5:41pm Feb 12, 2023 5:41pm
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Always interesting to watch a trader who has been on an impressive run dig themselves into an antlion pit. The reason they have had such an impressive run? They can't take a loss. The market loves to grind these accounts into dust.
  • #488
  • Feb 12, 2023 6:04pm Feb 12, 2023 6:04pm
Quoting clemmo17
{quote} Mine also. Either they force it to close only or they made the swap unaffordable. I guess I understand why. It's just a sure bet.
yes was trading it a lot in my early days good earner , now i do the MXN nice sell swap and i trade it all week it getting to low now , i do like it above 205000 historically it don't like it , holding it once it gets up there is a traders dream so much better than bank interest rate
people leave, but this thread will go on for ever
  • #489
  • Feb 16, 2023 4:47pm Feb 16, 2023 4:47pm
I do enjoy the bits of information that I get from FF about the opinions of other market players, but I've noticed that the data is often...well, there's no polite way to put this, bad or outdated.

For example it's possible for a leader on the leaderboard to remain in their top position for days because of an outdated TE.
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This means many open trades that appear profitable, might actually be closed or unprofitable now. There's no way to know if this is the fault of the broker, or if the trader hasn't updated (opened) their terminal in a while? Or do they have to return to FF in order for it to 'ping' the account?

Does anyone know of other websites that offer this kind of data?
  • #490
  • Feb 16, 2023 5:03pm Feb 16, 2023 5:03pm
Here's an interesting case. This trader has been going strong for over two whole months - nearly three! They have quite an enviable equity curve built up.
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They are trading 10 whole lots on only $10k+ which signals to me this is a mini account as certainly I've never met a broker that would let you open such a large position with so little money and leverage. I wonder how the marketplace will treat this superstar?
  • #491
  • Feb 16, 2023 7:52pm Feb 16, 2023 7:52pm
Quoting clemmo17
Here's an interesting case. This trader has been going strong for over two whole months - nearly three! They have quite an enviable equity curve built up. {image}They are trading 10 whole lots on only $10k+ which signals to me this is a mini account as certainly I've never met a broker that would let you open such a large position with so little money and leverage. I wonder how the marketplace will treat this superstar?
Incidentally, if anyone thinks I'm being condescending to these people, it's quite the opposite. My condescension is reserved for the market makers who use the rare skilled trader as liquidity for their nefarious goals.
This fellow is actually quite remarkable. He deposited < 200 euros, and took out 1000, a 400+% return and is playing with house money, having made well over 7k% in <11 weeks. You can't do that with stocks or futures! I would love to know if this is pure skill or luck. He seems to have narrowly avoided destruction a few times and knows to take a loss, so a formidable opponent. However, in the end, the house must win or the game cannot go on.
  • #492
  • Feb 17, 2023 8:55am Feb 17, 2023 8:55am
Quoting clemmo17
I do enjoy the bits of information that I get from FF about the opinions of other market players, but I've noticed that the data is often...well, there's no polite way to put this, bad or outdated. For example it's possible for a leader on the leaderboard to remain in their top position for days because of an outdated TE. {image}This means many open trades that appear profitable, might actually be closed or unprofitable now. There's no way to know if this is the fault of the broker, or if the trader hasn't updated (opened) their terminal in a while?...
Hello Clemmo. I know of Myfxbook.

And also a free analytical tool by Darwinex. It can give or analyze stats from any 3rd party broker etc
The trend is your friend, until it's exhausted
  • #493
  • Feb 17, 2023 10:03pm Feb 17, 2023 10:03pm
Quoting clemmo17
Here's an interesting case. This trader has been going strong for over two whole months - nearly three! They have quite an enviable equity curve built up. {image}They are trading 10 whole lots on only $10k+ which signals to me this is a mini account as certainly I've never met a broker that would let you open such a large position with so little money and leverage. I wonder how the marketplace will treat this superstar?
Canīt see the name of the broker.
It is possible to open 10 lots on 10k acc, some brokers allow up to 2000 leverage, took a screenshot of broker's calculator.
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Anyway, itīs nuts and such trade explorers vanish soon enough. Wouldnīt take long to replace Musk or Bezos if such leverage and system were viable.
Markets will move to the right.
  • #494
  • Feb 18, 2023 1:40am Feb 18, 2023 1:40am
Quoting jimmy777
{quote} Hello Clemmo. I know of Myfxbook. And also a free analytical tool by Darwinex. It can give or analyze stats from any 3rd party broker etc
Ah yes, those are both excellent suggestions!
  • #495
  • Feb 18, 2023 1:48am Feb 18, 2023 1:48am
Quoting FraterRedox
{quote} Canīt see the name of the broker. It is possible to open 10 lots on 10k acc, some brokers allow up to 2000 leverage, took a screenshot of broker's calculator.{image}Anyway, itīs nuts and such trade explorers vanish soon enough. Wouldnīt take long to replace Musk or Bezos if such leverage and system were viable.
Yes, I'm hiding the trader and the broker as I don't want to embarrass them and get into a flame war. I also don't want run afoul of Fair Economy (the operators of ForexFactory) who after all, have a business to run and their main source of income I assume, is broker advertisements.

But what you can see is that their reported leverage is only 99:1 at that point.

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This is what they look like now. Still refusing to take a loss and I expect that price will move to obliterate them if they continue to hold fast. It's a funny thing about the psychology of traders. They were willing to take a 45% hit when the numbers were smaller but now that 'real' money is on the line, or heck, maybe because it's house money and they just don't care(?) they are less willing to take an even bigger hit.

This can only end in tears (for them). I will be staying long EUR/JPY but of course, there may be some wild fluctuations between here and then and if they do suddenly exit the position, that's probably the exact moment that a big phalanx of shorts will also exit, and then it would be foolhardy not to expect a rapid reversal.
  • #496
  • Feb 22, 2023 5:32pm Feb 22, 2023 5:32pm
It looks like this magnificent gambler might actually get away with it! And somehow they unloaded 1/2 their position at a profit last week? Is this account even real?

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I should have taken a screenshot of their trade list. Here is the current trade list.
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You can see they unloaded 5 lots of EUR/JPY on Feb. 13 and are currently sitting short 5 lots. However when I took my screenshot on Feb. 18 they were short 10 lots. How does that work? TE wasn't updating? No we can see the first sync and second sync have different update times. It was updating. 5 lots of EUR/JPY simply vanished from this trade without having a close-out entry. I'm assuming partial exits are recorded by FF trade explorers??

Very suspicious.
  • #497
  • Edited 6:07pm Feb 22, 2023 5:51pm | Edited 6:07pm
We know it's the same trade as it has the exact same MTM value, 143.07. The target has changed. If those other EUR/JPY sells are partial exits he should still be at 7 lots, not 5. Very confusing.

No, I have to assume those other E/J trades are separate trades, completed in the past, and the mystery of the missing 5 lots is just that - a mystery. If this was a fake account being edited at the broker level, why not just replace the whole trade with a profitable one? It doesn't make sense. Anyway, clearly I can't count on this. It's maybe time to branch out and look at some other data sources.
  • #498
  • Edited 10:26pm Feb 23, 2023 8:00pm | Edited 10:26pm
I hope this is real. What a madman!

He took a 15% hit on his last 10 lot E/J trade and what does he do?! Opens another 10 lots!

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I'm beginning to like this guy. He's swinging for the fences!

No, I'm drunk. That's a closed trade. LOL. He's flat, and who can blame him. Take some cash out, dude.
  • #499
  • Mar 2, 2023 11:40pm Mar 2, 2023 11:40pm
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Rough seas ahead for HODLers.
  • #500
  • Mar 17, 2023 5:18pm Mar 17, 2023 5:18pm
Quoting clemmo17
{image}Rough seas ahead for HODLers.
Nope. I was wrong. Might be time to put your entire net worth into DOGE.
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