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How people should really trade!

  • #181
  • Edited 8:57pm Dec 21, 2008 8:43pm | Edited 8:57pm
Quoting ChubsPips
WOW, Looks like there will be a Santa in the neighborhood this year after all. Though I still favor the EUR/YEN, I must say that the EUR/USD alone gave me over 900 pips last week and GBP/USD gave me1400 plus. Grand total for the week was 3147 pips. Not bad for a 6 month newbie??? I agree! I have a great system now using two different sets of software simultainiously, each with only 2 pairs, atleast 2 charts per pair and the only common link to all the charts are the candles. I see moves as they develop and my entry points tend to be 30 to 45 seconds...
Wow, you sure get around.

Lets place trades on how long this guys still a member for... Im short from 30mins, lol.

EDIT: Good trade, I dont think there will be a pullback, atleast not using this username.
Living the adventure in my head.
  • #182
  • Dec 22, 2008 4:54am Dec 22, 2008 4:54am
Takisd,

Just stopping by to say Merry Christmas & A Happy New Year to you & yours.

Go ahead & move to Switzerland.......with your abilities you can just trade your own account. No need for the job thingy. Seriously you have the talent.

I have family that has visited there & they loved it.

In closing thanks for starting this most candid tell it like it is thread......it is a
breath of fresh air in a sometime stale business & there are only one or two other threads that come near to this one. I know you'll be most busy in 2009, but do continue to share your knowledge & views as they are valued.

Best of Trades To You.
____________________________________
AceTrader
  • #183
  • Jan 6, 2009 4:48am Jan 6, 2009 4:48am
Hi,

Where is everyone, still on vacations? Was really nice thread, to learn something new!

Any how Happy New Year to all, and lot of PIP in 2009 !
  • #184
  • Jan 6, 2009 5:01am Jan 6, 2009 5:01am
I am back from holidays pretty much. Working again tomorrow. I am unsure as to whether I will be trading my personal account yet, i will check volumes at work and see if its worth my while.

I will try keep you guys updated again..
  • #185
  • Jan 11, 2009 9:25am Jan 11, 2009 9:25am
Hi Takisd,
Does this fit ur method

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCHF.jpg Size: 154 KB
  • #186
  • Jan 11, 2009 4:26pm Jan 11, 2009 4:26pm
Yes sir, but you shuld be looking at the lower side as well.
  • #187
  • Jan 12, 2009 12:05am Jan 12, 2009 12:05am
Quoting Takisd
Yes sir, but you shuld be looking at the lower side as well.
Takisd,
Do you mean lower timeframes?
  • #188
  • Jan 12, 2009 2:35am Jan 12, 2009 2:35am
No I mean the market levels on the down side.
  • #189
  • Jan 12, 2009 11:23am Jan 12, 2009 11:23am
Hi again,

Not sure I understand.
I marked up 3 areas where I think it would be worth taking some off the table.
As it turns out this trade panned out perfectly lol.
Currently at 6439 - T2.
  • #190
  • Jan 12, 2009 12:05pm Jan 12, 2009 12:05pm
From what I have seen in this thread so far, takisd has focused primarily on breakouts from support or resistance once they have been clearly established, abused, and then eventually broken. stewrigh, looks like your trade idea was fading the resistance level - I only noticed that when I zoomed in and saw your limit sell area. I am assuming takisd saw the set-up, thought you may have been looking for buys above the resistance level and said you should also consider the possibility that shorts could be viable. It's all good.
  • #191
  • Jan 12, 2009 12:51pm Jan 12, 2009 12:51pm
Hey Birdt - I just re-read some of Takisd earlier posts.
Doh You're right he trades breakouts - something I have never been comfortable with.
  • #192
  • Jan 12, 2009 3:45pm Jan 12, 2009 3:45pm
Quoting Takisd
heres some g/j fun. I am trading a bit longer term on this one. Smaller lots, the risk is relatively high as the volitility is psycho. I entered because there is considerable market resistance at the current stages, there is room to breath on the up side so i wont get stabbed out (stop is about 120 pips) the take profit is healthy (230). And because of the position size, the total account loss that can be achieve is 1.2%, with an estimated gain of 2.3%

No trailing stop, as I believe in price movement, if I get into a spot where the price action...
Opportunity is in the eye of the beholder.

http://img.villagephotos.com/p/2003-5/190198/chart1.jpg
  • #193
  • Jan 13, 2009 2:53pm Jan 13, 2009 2:53pm
Quoting Wave Surfer
Opportunity is in the eye of the beholder.

http://img.villagephotos.com/p/2003-5/190198/chart1.jpg

IMO...while trendlines are useful and I use them, I wouldn't take trades soley on TL's. I think support and resistance are king, but if obvious trendlines are in agreement with obvious support and resistance...you have yourself a high probability trade.
  • #194
  • Jan 13, 2009 3:06pm Jan 13, 2009 3:06pm
Quoting Wave Surfer
Opportunity is in the eye of the beholder.

http://img.villagephotos.com/p/2003-5/190198/chart1.jpg
Nice chart there mr.

Sorry to all I haven't gotten around to posting, I am preparing for a big meeting with another firm here in Sydney, so I have been preping alot of my trading for that demonstration I have to give to them.

The markets have been O so kind the last few days, and I hope it continues, I got 280 pips last night on e/aud which was great.

I will try get back to helping you guys when I have finished my prep.

Ciao
  • #195
  • Jan 18, 2009 7:07pm Jan 18, 2009 7:07pm
Nice any plans to post S/R arias to watch. Maybe something like a trade plan? I would love to see your thoughts when price comes close to a support, and your reaction to it. I like the idea of using price actions as your guide, and would love to see a running series of screen shots with what your thinking at the time.
Good luck
  • #196
  • Jan 18, 2009 7:14pm Jan 18, 2009 7:14pm
Quoting knuckledrag
I like the idea of using price actions as your guide
I think using price action as your guide is the ONLY idea.
Living the adventure in my head.
  • #197
  • Jan 30, 2009 10:30am Jan 30, 2009 10:30am
I'm bumping this up. This is a great thread and was hoping Takisd could share some more insight and or charts.
  • #198
  • Jan 30, 2009 11:38am Jan 30, 2009 11:38am
thanks for the thread.
this is really good.
  • #199
  • Jan 30, 2009 7:10pm Jan 30, 2009 7:10pm
Sorry, am not overly active. Moving house and trying to move up in the industry. So have been occupied, also a mate of mine who trades is moving in with me, so our house is gonna be one big trading den lol.

If someone can remind me on tuesday, I will post up some charts. Send me a pm tuesday someone, so i get an email about it lol.

Thanks.

Have fun.
  • #200
  • Jan 30, 2009 8:30pm Jan 30, 2009 8:30pm
Takisd,
you work as a trader with success, you have been paid 60kAUD/ year and you live in Australia...
i really envy you...it is just like my dream..except i will choose to live in Melbourne instead of Sydney..

keep up your good work, mate..
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