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  • #66,461
  • Feb 18, 2009 8:41pm Feb 18, 2009 8:41pm
Quoting NuckingFuts


Dude, the candles you have on your chart were brought to the western world by this fella. He is king of candles and if the Japanese had their way, they wouldn't be in your charting package right now.

Maybe you should try picking up a book and take it with a grain of salt, you never know, you may learn something
Where's Jay, my popcorn is getting cold and I want to stare at that beautiful woman and her sister...

Just Kidding Everyone!!!
  • #66,462
  • Feb 18, 2009 8:42pm Feb 18, 2009 8:42pm
Hi,

Ding dongnd2 yesterday I'm end with profit. Oklah, as for today and tommorow, My first 5 second sight see an uptrend based on 4H chart. It will be touching 1.2650. Untill then, no conclusion yet. Those who gave up on short yesterday should be having unpleasent negatives.

From past experience, market would not go one direction like an apple fall from a tree but in wave. I believe by combining our head here, we are able to pinpoint the best price it's going to hit.

There will be quite a lot news these 2 days so just be carefull. Use your head not your heart.

Thanks
Trade what you see. Write what you feel
  • #66,463
  • Feb 18, 2009 8:43pm Feb 18, 2009 8:43pm
Quoting bgin2end
Where's Jay, my popcorn is getting cold and I want to stare at that beautiful woman and her sister...

Just Kidding Everyone!!!
Hehe, don't mind me.

Full moon here at the moment, as I said to ak, think I'm going a little werewolf.

http://i263.photobucket.com/albums/i...ckWerewolf.jpg
  • #66,464
  • Feb 18, 2009 8:44pm Feb 18, 2009 8:44pm
Quoting NuckingFuts
Hehe, don't mind me.

Full moon here at the moment, as I said to ak, think I'm going a little werewolf.

http://i263.photobucket.com/albums/i...ckWerewolf.jpg
Now THAT is scary ahahaha...how long has he been trading. He probably knows more than any of us put together.
  • #66,465
  • Feb 18, 2009 8:56pm Feb 18, 2009 8:56pm
Quoting Asher
Thanks Pipin8easy for your advise. Are u a full time trader? I already traded demo since early 2008, demo with forexgen, Fxdd and latest with FXCM. But I still don't have the ball to trade with my hard earned $$$, maybe i need to train my ball becoming bigger . Now already opened account with FXCM. Anyone out there who is trading for a living?
nope this is a hobby made my last hobby my regular job so this is my new hobby hopefully few years this will be my regular job i ment trade demo right now till we know a direction. You need to start trading a small live account plus a demo live account is a different feel once you can blow your own money start with 100.00 trade .001 per pip so you can get the feel.. than read study loose loose loose loose read study somemore thats what ive done so far
  • #66,466
  • Feb 18, 2009 9:02pm Feb 18, 2009 9:02pm
Quoting Pipin8easy
nope this is a hobby made my last hobby my regular job so this is my new hobby hopefully few years this will be my regular job i ment trade demo right now till we know a direction. You need to start trading a small live account plus a demo live account is a different feel once you can blow your own money start with 100.00 trade .001 per pip so you can get the feel.. than read study loose loose loose loose read study somemore thats what ive done so far
forgot being in this room is like being in prison you never ask someone which way the market is headed it is disrepectful you could get raped or shanked for it if you have a idea post a chart others will share if they want but dont ask serious injury or death may occure
  • #66,467
  • Feb 18, 2009 9:02pm Feb 18, 2009 9:02pm
Quoting Pipin8easy
nope this is a hobby made my last hobby my regular job so this is my new hobby hopefully few years this will be my regular job i ment trade demo right now till we know a direction. You need to start trading a small live account plus a demo live account is a different feel once you can blow your own money start with 100.00 trade .001 per pip so you can get the feel.. than read study loose loose loose loose read study somemore thats what ive done so far
I see your point pal, I try start to trade small and discipline and money management but problems with human is always NO discipline....
  • #66,468
  • Feb 18, 2009 9:08pm Feb 18, 2009 9:08pm
Quoting Asher
I see your point pal, I try start to trade small and discipline and money management but problems with human is always NO discipline....
It should come with time. Double your demo (using proper MM - not recklessly) and then you're ready to try a small amount live. Like pipin said, start with a small amount (that you can afford to lose) and trade small 1 cent per pip or less trades.

You'll then feel the emotion that demo trading just can't give you.

If you lose it all, chances are you may (great of you don't), then back to demo taking everything you learnt going live and trying as best as you can applying it there.

Demo is very hard to treat like a real account (I struggled at first), because you can just sign-up for another when you cook it.
  • #66,469
  • Feb 18, 2009 9:11pm Feb 18, 2009 9:11pm
Concerning Rob Booker, who has several excellent articles and a thread on this forum in the Rookie section for FREE, in addition to writing Trading books.

This post from last Friday...
Quoting Mysticdiver
Yeah... he sometimes get critisized, people whine, "if he's such a good trader, why does he have to teach"? He teaches because he enjoys teaching.

I have traded next to him... that dude knows how to trade!
Part of my reply to Mysticdiver from last Friday... and apparently applicable this week as well.
Quoting ak4x
There's this old tired cliche that shallow people like to propagate that says... "Those that can, do. And those that can't, teach".

While that may sometimes or even often be true, it ought not to arbitrarily extend to those that can and have done both. There comes a point where those who can... "did" and now they teach instead of pursuing an end to their days that does not include a measure of passing on hard won lessons to the next generation in some fashion if they so choose w/o being looked down on as some incompetent idget...
FUBAR...
  • #66,470
  • Feb 18, 2009 9:12pm Feb 18, 2009 9:12pm
Quoting psiholog
posted that when the month first started. this is in reply to what downrivertrader said. i still stand by this opinion and dont see a big move down until next month. to portray what i mean..heres a monthly chart showing the gap clearly...note that i use ibfx so the real gap may be a bit smaller or a bit bigger..not certain..but after it gets filled which means a close above 1.2800 this month most likely....starting next month well see 1.2000 or lower. If that gap does not get filled this month...then the world is coming to an end haha...just my...
Huh?? There is no gap there. It traded into the area in question. That is all that is needed, not a close above.
  • #66,471
  • Feb 18, 2009 9:14pm Feb 18, 2009 9:14pm
Quoting bgin2end
Where's Jay, my popcorn is getting cold and I want to stare at that beautiful woman and her sister...

Just Kidding Everyone!!!
*Eats the popcorn*

Where's that woman and her sister now? They better be as warm and buttery as the popcorn!

How's everyone holding up? If anyone care to know, yep, I'm still out and waiting for a long entry that's been reviewed. First one to guess what it's been reviewed at gets to share what's left of the popcorn.
Not all sins are created equal
  • #66,472
  • Feb 18, 2009 9:15pm Feb 18, 2009 9:15pm
Quoting ak4x
To go along with the Daily chart I just posted, I have some separate thoughts about all that as well.

With the 2500 level just tapped and the hesitant PA like we currently have, I'm not too excited about sustained lows below that 2550 up to a'rd 2800 level that i posted about in mid January. Rumored "Events" in the making could easily change my mind about that tho, and I'm basically a bear on a hair trigger these days, and I'm pretty nervous about any mid or longer term longs for now. ((See your nearest weekly chart))

I also said that 2800...
Good analysis there AK.
Not all sins are created equal
  • #66,473
  • Edited 9:20pm Feb 18, 2009 9:16pm | Edited 9:20pm
I do trade for a living and from experience it is all mental. In the first year I lost 52% of my account - big wins and bigger losses. Money Management??? What's that? Then I approached this like it was a business. I wrote a business plan, money management guidelines, risk aversion, what markets I would trade and trading hours. I still make mistakes and get distracted. Like just now, my wife is having problems and they become my problems....no trading for me today.

I also read my business plan at the first of each month to remind me why I am doing this.
  • #66,474
  • Feb 18, 2009 9:20pm Feb 18, 2009 9:20pm
[quote=NuckingFuts;2549374]Like pipin said, start with a small amount (that you can afford to lose) and trade small 1 cent per pip or less trades.

Which Broker is providing 1 cent per pip? At the moment I am using FXCM 10 cents per pip (micro account which I can trade minimum 1K).
  • #66,475
  • Feb 18, 2009 9:21pm Feb 18, 2009 9:21pm
Quoting Jay Walker
If anyone care to know, yep, I'm still out and waiting for a long entry that's been reviewed. First one to guess what it's been reviewed at gets to share what's left of the popcorn.
3063...

Just to prove I read your posts bro...
FUBAR...
  • #66,476
  • Feb 18, 2009 9:23pm Feb 18, 2009 9:23pm
Quoting ak4x
3063...

Just to prove I read your posts bro...
Close. But that was yesterday.

Reviewed at 3019. You still get popcorn because, by Golly, you deserve it.
Not all sins are created equal
  • #66,477
  • Feb 18, 2009 9:23pm Feb 18, 2009 9:23pm
[quote=Asher;2549395]
Quoting NuckingFuts
Like pipin said, start with a small amount (that you can afford to lose) and trade small 1 cent per pip or less trades.

Which Broker is providing 1 cent per pip? At the moment I am using FXCM 10 cents per pip (micro account which I can trade minimum 1K).
Ummm there's few from memory, Interbank fx maybe.. don't quote me on this.

OANDA I know for sure allows you to trade any amount, charts on there suck though.
  • #66,478
  • Feb 18, 2009 9:24pm Feb 18, 2009 9:24pm
[quote=Asher;2549395]
Quoting NuckingFuts
Like pipin said, start with a small amount (that you can afford to lose) and trade small 1 cent per pip or less trades.

Which Broker is providing 1 cent per pip? At the moment I am using FXCM 10 cents per pip (micro account which I can trade minimum 1K).
Oanda - you can trade micro minis and scalping is allowed too. I recommend reading this also from beginning to end http://www.forexfactory.com/showthread.php?t=39514

Again - my 2 cents.
  • #66,479
  • Feb 18, 2009 9:26pm Feb 18, 2009 9:26pm
Quoting ak4x
Concerning Rob Booker, who has several excellent articles and a thread on this forum in the Rookie section for FREE, in addition to writing Trading books.

This post from last Friday...


Part of my reply to Mysticdiver from last Friday... and apparently applicable this week as well.
Nice one ak, it is a common misconception. Sure it's true for some, but not all.

Ignorance to that fact is pure murder (especially in this game).
  • #66,480
  • Feb 18, 2009 9:28pm Feb 18, 2009 9:28pm
Stimulus head fake sell off over?

Good luck longs.
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