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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #13,481
  • May 28, 2009 8:44am May 28, 2009 8:44am
Quoting fx local
When life gives you lemons, make lemonade
  • #13,482
  • May 28, 2009 8:45am May 28, 2009 8:45am
Quoting Turtle
Like we have said from the beginning....please keep comments in line with what the thread is talking about.

Most of the thread is scalping, whether it be for 10 pips or 200 pips.

But to come in hear and say not to scalp, when that's what the majority of the thread does is not cool.

If you feel like stating your opinions then just start your on thread.

But in this thread, please keep your thoughts/opinions to the what is taught.

HOLLA
but scalping is not 200 pips
scalping is small pips and its dangerous
When life gives you lemons, make lemonade
  • #13,483
  • May 28, 2009 8:45am May 28, 2009 8:45am
Quoting micho
look we can make a deal, if i recommend a trade or say something and then it happened to be wrong then you can sue me
but as far as what i say is happening then you cant sue me

agree?
The problem is most of us don't recommend a trade here, we talk about setups that we see.

Now it's up to that person to decided whether they want to take the setup.

HOLLA
  • #13,484
  • May 28, 2009 8:47am May 28, 2009 8:47am
Quoting Turtle
The problem is most of us don't recommend a trade here, we talk about setups that we see.

Now it's up to that person to decided whether they want to take the setup.

HOLLA
yes me too so did you see me making bad trades? i know maybe 1 or 2 every once and a while but as an average am i fooling somebody?
When life gives you lemons, make lemonade
  • #13,485
  • May 28, 2009 8:48am May 28, 2009 8:48am
Quoting micho
but scalping is not 200 pips
scalping is small pips and its dangerous
Who said scalping can't be 200 pips.

1. You get a signal
2. You set your trade.
3. At 20 pips you take some off and cover.
4. at 50 pips you take some more.
5. At 200 pips you close the trade


So who is to say that you can't start with a scalp and it end up running for over 200 pips.

I'm pretty sure that is what most folks do/was taught in this thread, they take profit when it reaches certain MA's, then cover and let it run.

If I'm wrong then let me know.

HOLLA
  • #13,486
  • May 28, 2009 8:50am May 28, 2009 8:50am
Quoting micho
yes me too so did you see me making bad trades? i know maybe 1 or 2 every once and a while but as an average am i fooling somebody?
Your not fooling me, but when your telling folks not to scalp in a thread that the basic process is scalping then your telling folks what to do.

And to me that is not cool.

HOLLA
  • #13,487
  • May 28, 2009 8:51am May 28, 2009 8:51am
Quoting Turtle
Who said scalping can't be 200 pips.

1. You get a signal
2. You set your trade.
3. At 20 pips you take some off and cover.
4. at 50 pips you take some more.
5. At 200 pips you close the trade


So who is to say that you can't start with a scalp and it end up running for over 200 pips.

I'm pretty sure that is what most folks do/was taught in this thread, they take profit when it reaches certain MA's, then cover and let it run.

If I'm wrong then let me know.

HOLLA
Not wrong at all bro!
Just digging in the trenches like everyone else!
  • #13,488
  • May 28, 2009 8:52am May 28, 2009 8:52am
Quoting eohater
Not wrong at all bro!
Thank you bro......

HOLLA
  • #13,489
  • May 28, 2009 8:52am May 28, 2009 8:52am
Quoting Turtle
Who said scalping can't be 200 pips.

1. You get a signal
2. You set your trade.
3. At 20 pips you take some off and cover.
4. at 50 pips you take some more.
5. At 200 pips you close the trade


So who is to say that you can't start with a scalp and it end up running for over 200 pips.

I'm pretty sure that is what most folks do/was taught in this thread, they take profit when it reaches certain MA's, then cover and let it run.

If I'm wrong then let me know.

HOLLA
scalping is dangerous... if you aim for 10 pips with a stop loss of 10 pips
your spread is 2
10+2= 12
commission is 1
12+1=13
you are already having your stop loss at 13 gambling on small time frames to lose 13 against winning 10
if you have 50% chance to win, you will be in loss

i tell you what is gonna happen, you have to believe me
do you believe me?
When life gives you lemons, make lemonade
  • #13,490
  • May 28, 2009 8:55am May 28, 2009 8:55am
Quoting eohater
Not wrong at all bro!
eooooooo hi

When life gives you lemons, make lemonade
  • #13,491
  • May 28, 2009 8:58am May 28, 2009 8:58am
Quoting micho
but scalping is not 200 pips
scalping is small pips and its dangerous
What's all this debate about scalping.... As Turtle said, we do it here many times for 10-100 pips sometimes it works out to 200 or 300.. It is relative... I don't know what you are getting at with this "scalping is dangerous" rhetoric but it is essentially what we do mostly in here.. It becomes dangerous when you start taking trades looking for 5 pips profit and are willing to take 50-100 pip drawdowns only looking for 5 pips.. One loss will wipe you out like that, I agree.... but that is where risk management and money management comes in..

Btw.... I remember you doing a particular scalp about 6 hours ago or so... remember?.... looking for I think 8 pips with over 60 pip drawdown... It is the same thing you are talking against... however, If that is your style, then so be it... Good luck to you!
Patience + Discipline - Greed = Success
  • #13,492
  • May 28, 2009 8:59am May 28, 2009 8:59am
Quoting micho
no sign of long yet but even if you have signal here, target is at a throw of a rock.... so you better close it
Isn't this what you told Riggster when he/she went long on a 35/50 reverse at 8:00am edt yesterday, price was at 5951.

And by noon price had reached a high of 6076.

So if he/she closed it that could of cost him over of 100 pips total.

This is what I'm talking about Micho.

You can give your opinions but please don't tell folks how to trade, everyone is different.

HOLLA
  • #13,493
  • May 28, 2009 9:00am May 28, 2009 9:00am
Quoting Infinity
What's all this debate about scalping.... As Turtle said, we do it here many times for 10-100 pips sometimes it works out to 200 or 300.. It is relative... I don't know what you are getting at with this "scalping is dangerous" rhetoric but it is essentially what we do mostly in here.. It becomes dangerous when you start taking trades looking for 5 pips profit and are willing to take 50-100 pip drawdowns only looking for 5 pips.. One loss will wipe you out like that, I agree.... but that is where risk management and money management...
OK
this will be my last post on this thread but before that

no i wasnt doing a scalp, my initial target was +60 anyway, i dont have to defend myself

see ya
bye all
bye eo!
When life gives you lemons, make lemonade
  • #13,494
  • May 28, 2009 9:01am May 28, 2009 9:01am
Quoting Turtle
Like we have said from the beginning....please keep comments in line with what the thread is talking about.

Most of the thread is scalping, whether it be for 10 pips or 200 pips.

But to come in hear and say not to scalp, when that's what the majority of the thread does is not cool.

If you feel like stating your opinions then just start your on thread.

But in this thread, please keep your thoughts/opinions to the what is taught.

HOLLA
Hey boys,
Please calm down, and mantain a positive posture
I suppose this is only due to news that are getting us nervous.
And do not penalize anyone by his/her opinion
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"Even A Thousand Mile Journey Begins with the First Step"
  • #13,495
  • May 28, 2009 9:01am May 28, 2009 9:01am
Quoting Turtle
Who said scalping can't be 200 pips.

1. You get a signal
2. You set your trade.
3. At 20 pips you take some off and cover.
4. at 50 pips you take some more.
5. At 200 pips you close the trade


So who is to say that you can't start with a scalp and it end up running for over 200 pips.

I'm pretty sure that is what most folks do/was taught in this thread, they take profit when it reaches certain MA's, then cover and let it run.

If I'm wrong then let me know.

HOLLA
exactly!
Patience + Discipline - Greed = Success
  • #13,496
  • May 28, 2009 9:01am May 28, 2009 9:01am
Quoting micho
scalping is dangerous... if you aim for 10 pips with a stop loss of 10 pips
your spread is 2
10+2= 12
commission is 1
12+1=13
you are already having your stop loss at 13 gambling on small time frames to lose 13 against winning 10
if you have 50% chance to win, you will be in loss

i tell you what is gonna happen, you have to believe me
do you believe me?
NOPE........

Yes there will be loses, but if your get a good entry based off the system that is taught in this thread you will get pips.

HOLLA
  • #13,497
  • May 28, 2009 9:02am May 28, 2009 9:02am
Quoting Turtle
Who said scalping can't be 200 pips.

1. You get a signal
2. You set your trade.
3. At 20 pips you take some off and cover.
4. at 50 pips you take some more.
5. At 200 pips you close the trade


So who is to say that you can't start with a scalp and it end up running for over 200 pips.

I'm pretty sure that is what most folks do/was taught in this thread, they take profit when it reaches certain MA's, then cover and let it run.

If I'm wrong then let me know.

HOLLA
Very true and quite similar to how I managed my Mistress trade from yesterday evening.
  • #13,498
  • May 28, 2009 9:04am May 28, 2009 9:04am
Quoting micho
scalping is dangerous... if you aim for 10 pips with a stop loss of 10 pips
your spread is 2
10+2= 12
commission is 1
12+1=13
you are already having your stop loss at 13 gambling on small time frames to lose 13 against winning 10
if you have 50% chance to win, you will be in loss

i tell you what is gonna happen, you have to believe me
do you believe me?
I agree with you, but with a note. "Scalp is really dangerous for the one who doesn't know when entry and out and where put the SL. Scalp also dangerous for the one who expects always win without any fail."
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #13,499
  • May 28, 2009 9:04am May 28, 2009 9:04am
Quoting analizer
Hey boys,
Please calm down, and mantain a positive posture
I suppose this is only due to news that are getting us nervous.
And do not penalize anyone by his/her opinion
No this is not due to news and I'm not penalizing anyone, I just ask that you please don't tell folks how to trade, then what is different from this thread.

And this is not the first time me and Micho had this discussion.

HOLLA
  • #13,500
  • May 28, 2009 9:06am May 28, 2009 9:06am
Quoting micho
OK
this will be my last post on this thread but before that

no i wasnt doing a scalp, my initial target was +60 anyway, i dont have to defend myself

see ya
bye all
bye eo!
Why your last post? No need to be offended or even defend yourself... You are a cool guy and I consider you a good trader as well.... All I am saying is that, you should not discourage another person from trading their chosen style, what works some may not work for others...
Patience + Discipline - Greed = Success
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