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  • #81,361
  • Mar 30, 2009 7:25pm Mar 30, 2009 7:25pm
Quoting Bemac
Do you think Cobra, AK, Jay or Driver... Alter their Positions because of what I, or one of the others, may say?
Not A Friggin Chance.
Will they analyze my veiw? Perhaps. Will they Act on them? ONLY IF THEY BELIEVE.
But That's the best I can hope they do.
To take a quote of your signature, I'm in charge of my own coin.


Quoting Bemac
If ANYONE is suggesting you follow them blindly, I would suggest you get as much of Your Money as you can back under Your Control as fast as you can.
THEN:
Stand up & announce yourself. You will find both agreement and the other BUT, at least, it will be directed to YOU.
Following blindly has been popularized by The Gap in the 90's. Everybody in leather. It could be the same with "everybody short", "everybody long", etc.

Follow anyone blindly and lose, it's their fault. Follow them blindly and win, you're a fine trader. How does that work?
Not all sins are created equal
  • #81,362
  • Mar 30, 2009 7:39pm Mar 30, 2009 7:39pm
Quoting Turveyd
Chicky, did you read the Stage ??

http://www.forexfactory.com/showthread.php?t=3156

stage 3 Eureka Moment :-

The eureka moment causes a new connection to be made in your brain. You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.

You've got to realise above yourself sadly!!
Turveyd, I really appreciate your help. I hope you won't mind if I drop you a PM from time to time asking few tips about scalping as this is not the relevant thread for this discussion. People say it is not good, but I am not 100% convincend, at least with my background. I come from a race bookmaking family. Fx is much much easier to apply those princinciples here. I have done that in Vegas, Altantic City, streets of Aisa and Europe, on cards, on horses, on cricket matches, on darts and other local money games, you name it and from 1978.

ps. i couldn't stop laughing when you mentioned in your earlier post that "it is gambling". No I never gamble, because I was born on the other side. Thanks for your help, fx is something new for me.
The Thief of Wall Street
  • #81,363
  • Mar 30, 2009 7:42pm Mar 30, 2009 7:42pm
Quoting Chicky
Turveyd, I really appreciate your help. I hope you won't mind if I drop you a PM from time to time asking few tips about scalping as this is not the relevant thread for this discussion. People say it is not good, but I am not 100% convincend, at least with my background. I come from a race bookmaking family. Fx is much much easier to apply those princinciples here. I have done that in Vegas, Altantic City, streets of Aisa and Europe, on cards, on horses, on cricket matches, on darts and other local money games, you name it and from 1978.

ps. i...
I scalp and do well. Scalping has its place and is viable.
  • #81,364
  • Mar 30, 2009 7:43pm Mar 30, 2009 7:43pm
I'm long at 3185.

Hopefully, I'll be a hundredaire after that trade.
Not all sins are created equal
  • #81,365
  • Mar 30, 2009 7:43pm Mar 30, 2009 7:43pm
Quoting Optimum
30Min Chart. Up Signal. What do you say ?
I see a little battle playing out, and I'm ready to see this break the downtrend and go up. I expect to see confirmation on an uptrend in the next hour or two. Not like anyone cares what I think.
  • #81,366
  • Mar 30, 2009 7:47pm Mar 30, 2009 7:47pm
Quoting Chicky
Turveyd, I really appreciate your help. I hope you won't mind if I drop you a PM from time to time asking few tips about scalping as this is not the relevant thread for this discussion. People say it is not good, but I am not 100% convincend, at least with my background. I come from a race bookmaking family. Fx is much much easier to apply those princinciples here. I have done that in Vegas, Altantic City, streets of Aisa and Europe, on cards, on horses, on cricket matches, on darts and other local money games, you name it and from 1978.

ps. i...

Ofcourse any time, all in this thing together kinda.

It's only shunned cause its the best way to take money from the big boys so they preach it's wrong and 98% of traders lose, ask yourself what are the 98% doing wrong, likely listening to each other sadly.

I started trading stocks @10years ago, got real good at that went to Options made a STACK and blown it all thankfully as I got carried away and a major market reversal wiped my account over night doh!!! No funds quit for 1year then started working on forex in my spare time, which is some what lacking sadly.

On a deadline here to get this paying me a wage, but can't really risk losing what I've got as it'll reduce my deadline. But I have a cracking system so should breeze it LOL

MONEY got to hate the stuff hey
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #81,367
  • Mar 30, 2009 7:50pm Mar 30, 2009 7:50pm
Quoting Jay Walker
I'm long at 3185.

Hopefully, I'll be a hundredaire after that trade.
Nice Call!!!

I need a 3rd screen or atleast better screen discipline so my charts never get hidden Classic break over 24hour SMA, signalling LONG to me.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #81,368
  • Mar 30, 2009 7:50pm Mar 30, 2009 7:50pm
Yen weakness all over the board.
Traders are smartasses
  • #81,369
  • Mar 30, 2009 7:52pm Mar 30, 2009 7:52pm
Quoting Turveyd
Nice Call!!!

I need a 3rd screen or atleast better screen discipline so my charts never get hidden Classic break over 24hour SMA, signalling LONG to me.
Let's see how long it last. My S/L is really tight on that one. Maybe the trade will grow legs and will be doable on a larger time frame.

For the records, I entered it on the hourly chart.
Not all sins are created equal
  • #81,370
  • Mar 30, 2009 7:55pm Mar 30, 2009 7:55pm
inverveted h&s 15m chart neckline 1.3205
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #81,371
  • Mar 30, 2009 7:56pm Mar 30, 2009 7:56pm
Quoting Jay Walker
Let's see how long it last. My S/L is really tight on that one. Maybe the trade will grow legs and will be doable on a larger time frame.

For the records, I entered it on the hourly chart.

Well plot a 24hour SMA HLC/3 on your chart, historically all moves over that SMA have very good odds of large moves away from

My protection from stupid trades is simplely based on this, Longs over 24hour SMA, and shorts below ONLY, although I use 4hour aswell as 24hour to determine this depending on the setup.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #81,372
  • Mar 30, 2009 7:58pm Mar 30, 2009 7:58pm
crap 2am started going to bed 2hours ago so I could get up early no chance of that hey!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #81,373
  • Mar 30, 2009 8:00pm Mar 30, 2009 8:00pm
Quoting Turveyd
crap 2am started going to bed 2hours ago so I could get up early no chance of that hey!!
No such thing as early bed time for forex traders.
Not all sins are created equal
  • #81,374
  • Mar 30, 2009 8:01pm Mar 30, 2009 8:01pm
Quoting Jay Walker
I'm long at 3185.

Hopefully, I'll be a hundredaire after that trade.
Dear Walker

The target?
1,326x ?
1,331x ?
  • #81,375
  • Mar 30, 2009 8:02pm Mar 30, 2009 8:02pm
Quoting Turveyd
Chicky, I've been creeping my account up nicely with Scalps then switching to a longer term plan and blowing my account in NO TIME!!

Work out what your good at and stick to it.
True, I can't do large tfs either - it takes too much patience and hard to see the point considering how much time it takes, but can't say that just occasionaly I won't scalp a clear breakout of a very strong trend move on 1h+ like the this recent move, but just for a bit. Anyway, how much you loose is a matter of mm used.
Quoting Turveyd
Just got to get GOOD like seriously good at Scalping then keep increasing your lot sizes.
Quoting Turveyd
stage 3 Eureka Moment :-

The eureka moment causes a new connection to be made in your brain. You suddenly realise that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 mins.

You've got to realise above yourself sadly!!
Those two statements, or trading itself of any kind and that quote, seem to contradict themselves.

If you can get seriously good at just scalping then go for it of course! By just scalping I mean discretional entries that have nothing in common other than that you saw them as excellent entry points and same goes for exits. I know I can't do it in a consistant profitable manner, maybe will be able to some day, but not even sure I need to. But just sitting there and ONLY entering that one or two times a day when you know your chances are the best - no indicators, no system or even general guidelines, just looking at the pure pa and feeling the energy of that breakout or range and so on and then TRADING it (cause feeling it is just a small part of it) - well, that just requires balls of SOLID Titanium. I'm happy with getting 55-60% accuracy using a good system or semi-systems with a few guidelines and maybe an indicator or two, and letting those great opportunities pass me by if they don't fit those parameters.

Going to sleep, hope I'm not being rude just posting and leaving .
Good night/trading
On the path to Enrichment.
  • #81,376
  • Mar 30, 2009 8:02pm Mar 30, 2009 8:02pm
short entry small position to be added to 3242 sl 3305 tp to be determined maybe 3090..1/2.5 r/r ratio if we get that high 3237 may be the highest... we will c.. current price 3222
those who can, do. those who cant, talk about those who can
  • #81,377
  • Mar 30, 2009 8:03pm Mar 30, 2009 8:03pm
Quoting Optimum
Dear Walker

The target?
1,326x ?
1,331x ?
I don't trade with set targets. I don't trade with a T/P but only a S/L which right now is at break even. I'll see where it takes me and run with my pips when it's time to.
Not all sins are created equal
  • #81,378
  • Mar 30, 2009 8:04pm Mar 30, 2009 8:04pm
Someone please send few dollars to Japan and tell them to buy Euro. We want it above 1.3300 and I can't possibly wait until London open.
The Thief of Wall Street
  • #81,379
  • Mar 30, 2009 8:10pm Mar 30, 2009 8:10pm
Quoting Chicky
Someone please send few dollars to Japan and tell them to buy Euro. We want it above 1.3300 and I can't possibly wait until London open.
fans hitting shit
those who can, do. those who cant, talk about those who can
  • #81,380
  • Mar 30, 2009 8:17pm Mar 30, 2009 8:17pm
Quoting Rednose
Where can i find more information about how to work with Support and resistance? IŽll like to try it.

Thank you for your attention.
I like this one: http://www.forexfactory.com/showpost.php?p=1999932&postcount=1
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