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  • #111,161
  • Jun 16, 2009 2:54pm Jun 16, 2009 2:54pm
Quoting Ornitóptero
See??? Just a newbie. no more post i can´t stand more eeuhs today. bye!!! thanks a lot.
Darn, that wasn't meant as an insult. But if you reply to a question with such an answer what do you expect? "Thank you, I will try that out!"?

No hard feelings pal
Close your eyes when you feel you are going under.
  • #111,162
  • Jun 16, 2009 2:54pm Jun 16, 2009 2:54pm
50%

So two wrong trades and wipe out for you then?
You need and account with around 100 trades
available and to know what your doing.
rat
  • #111,163
  • Jun 16, 2009 2:55pm Jun 16, 2009 2:55pm
Quoting sergiosv
50%
Holy! Watch out dude are your account will be blown in no time.
Close your eyes when you feel you are going under.
  • #111,164
  • Jun 16, 2009 2:56pm Jun 16, 2009 2:56pm
Quoting VinzZ
Darn, that wasn't meant as an insult. But if you reply to a question with such an answer what do you expect? "Thank you, I will try that out!"?

No hard feelings pal
man

he/she is not an english speaking person dont feel bad
  • #111,165
  • Edited 3:20pm Jun 16, 2009 3:09pm | Edited 3:20pm
Quoting VinzZ
Anyone has a real good pivot indicator? Thanks in advance.

PS: I have several but they all lack something
i donno how good is this Indicator for u,but for me its like my sweetheart and i love it.check out if it helps u.

it works best on 15 mins chart...and u can bold lines u want
Attached File(s)
File Type: mq4 PivotsDaily v2.mq4   6 KB | 309 downloads
  • #111,166
  • Jun 16, 2009 3:14pm Jun 16, 2009 3:14pm
Try this one, it's the most advanced you can find in my opinion, the credit belongs mainly to Traderathome.

You need to enter the difference of your broker to GMT.


Quoting VinzZ
Anyone has a real good pivot indicator? Thanks in advance.

PS: I have several but they all lack something
Attached File(s)
File Type: mq4 THV SDX-TzPivots_v4.1.mq4   37 KB | 359 downloads
  • #111,167
  • Jun 16, 2009 3:24pm Jun 16, 2009 3:24pm
Quoting cobraforex
Try this one, it's the most advanced you can find in my opinion, the credit belongs mainly to Traderathome.

You need to enter the difference of your broker to GMT.
Quoting Alihuzaifa
i donno how good is this Indicator for u,but for me its like my sweetheart and i love it.check out if it helps u.

it works best on 15 mins chart...and u can bold lines u want
Thanks for your help. I will try them out!
Close your eyes when you feel you are going under.
  • #111,168
  • Jun 16, 2009 3:33pm Jun 16, 2009 3:33pm
Quoting sergiosv
50%
That's huge risk by most peoples standards, enormous, gigantic. That being said I have been trading without a stop for the last 9 months. I was almost converted to using stops but I just couldn't do it. I take out money and put it in my pocket, growing the account is all well and good, but you haven't made a cent until you've spent it (is that right?). The only reason I still do things this way despite the nerve wracking, is the return that actually makes it's way into my pocket. I can blow my account tomorrow and it will still have been a profitable venture, that is only possible by actually TAKING PROFITS OUT OF THE ACCOUNT.

If you're up that much, just keep doing exactly what you're doing until it stops working. For heavens sake, put some of that back into your pocket, because right now that's a 145% sitting in your brokers' pocket.

Do not try to fix what isn't broken. If it breaks more than once, then fix it.

I think I said that right, I have my beer googles on at the moment, and am definately not trading.
  • #111,169
  • Jun 16, 2009 3:39pm Jun 16, 2009 3:39pm
Any views on eurusd long. m long 1.3854 SL1.3790 TP1.40
YS
  • #111,170
  • Jun 16, 2009 3:50pm Jun 16, 2009 3:50pm
Quoting yogesh
Any views on eurusd long. m long 1.3854 SL1.3790 TP1.40
Do yoursefl a favor draw a line at 1.3854 and notice that is exactly the support and resistance line,,, so you dont want to go long on the resistance line but wait for it to break that line and then wait for a little pull back and then you go long.

always take a position with the wall of resistance or support behind your back. if you go long make sure you have support behind your price entry if you go short make sure you have reistance behind your short entry. Understand

just trying to help you a bit.

Does it make sence to you..
Attached Image (click to enlarge)
Click to Enlarge Name: a.gif Size: 43 KB
  • #111,171
  • Jun 16, 2009 3:51pm Jun 16, 2009 3:51pm
Quoting SerpentDove
I have been trading without a stop for the last 9 months.
Is there a possibility to blow your account. Or do you invest that low % of your capital that you can only burn your account when E/U reaches like 3.0. Do you wait when you miss placed a trade until it's back there where you wanted it? or do you hedge at that moment?
Close your eyes when you feel you are going under.
  • #111,172
  • Jun 16, 2009 3:55pm Jun 16, 2009 3:55pm
If I trade that way tommorrow 50% of my account I wouldnt need to trade for the rest of the year. if I got a 50-100 pip winner.
Its roullette. Red or Black..

and guess what. It dont work.

Reading this today has been great entertainment...
rat
  • #111,173
  • Edited 4:14pm Jun 16, 2009 3:56pm | Edited 4:14pm
Looks like Ali is in the doghouse now, that happens when you play with open fire.

Thanks Twee, good work as always

A small side note on what happened with Ali:

This board is about interchanging techniques and opinions about trading, any hate, discrimination, racisms or personal attacks should be left at home.

Respect the fellow trader !!!
That is the only way that everybody gets what he expect from FF: learning to fight the market.

That is more than difficult enough and any distraction only get us away from cashing our goals.

Let’s keep us on topic until the next intruder arrives.
  • #111,174
  • Jun 16, 2009 4:28pm Jun 16, 2009 4:28pm
EUR-USD moved higher on Tuesday only to fall back down. However it closed above the SUPPORT area of 1.3792 / 1.3805. The daily chart has a 'harami' candle. Harami candles are a weak sign of reveral at the bottom of a down move. As a result we have to see the price action to confirm the 'harami' candle as a reversal.

As long as Monday's low 1.3748 holds we should see the price continue to move up. But a move below 1.3748 will bring fresh selling and we could see prices fall rapidly towards the "H&S" target of 1.3272.

See Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd3.gif Size: 23 KB
  • #111,175
  • Jun 16, 2009 4:33pm Jun 16, 2009 4:33pm
Quoting VinzZ
Is there a possibility to blow your account. Or do you invest that low % of your capital that you can only burn your account when E/U reaches like 3.0. Do you wait when you miss placed a trade until it's back there where you wanted it? or do you hedge at that moment?
I rarely wait until it comes back all the way, I wait until the damage is minimized by a pull back, not accepting losses will get you nowhere. It took me a long time to learn to accept losses.

At times it's a circus, I hedge yes, but sometimes that doesn't work out and I lose twice as much as I had planned on accepting. The only way to stay consistently profitable for me is to manage lot size. I really don't have that large an account, so yeah, I normally stick to lot sizes that I can stomach -200 pips. I take losses but I take more wins and larger wins than losses (normally), that's how it's supposed to work, and yes it's always possible to blow the account. I blew one in August with 2 mini lots trying to pick a bottom instead of accepting the trend, hedging a trend can only keep you afloat so long, eventually exhaustion and carrying a giant loss just eats at your soul until you give up. Last week I took a large loss, which was the result of over leveraging, I was all in and I bailed at the last second as the trade went against me more than I could stomach, had I just gone to bed I would have tripled my account by morning. I broke my rules and payed the price. Now I'm building it back up brick by brick (actually I'm going to go on vacation first), BUT, the account I'm building back up has paid for groceries, utilities, clothes, 2 computers, and an island vacation, dental work..... you get the idea plus there is a safety amount sitting safe in the bank to start the cycle over if need be (courtesy of the account). You HAVE to take money out or all you are doing is rubbing your brokers' shoulders.

Psychologically, after a great winning streak, taking the money out shrinks your account (and lowers lot size again) sure but it makes the money usefull to everyday life, the benefit is that you see a reward for the time you've spent AND that reduction in balance reawakes your sense of risk which can be dulled by a winning streak, and a dulled sense of danger equals getting crushed when you least expect it. (which usually leads to disaster).

When you break your rules you lose money, EVERYTIME. If you have no rules, you'll never make money (took me too long to learn that too!).
  • #111,176
  • Jun 16, 2009 4:34pm Jun 16, 2009 4:34pm
Quoting Alihuzaifa
i donno how good is this Indicator for u,but for me its like my sweetheart and i love it.check out if it helps u.

it works best on 15 mins chart...and u can bold lines u want

How can I download this to my MT-4?
If only I knew then what I know now...
  • #111,177
  • Jun 16, 2009 4:36pm Jun 16, 2009 4:36pm
Quoting cobraforex
Try this one, it's the most advanced you can find in my opinion, the credit belongs mainly to Traderathome.

You need to enter the difference of your broker to GMT.

Hi Cobra, how do I download this indicator to my trading platform?
Thanks, btw I admire your work.
Alex
If only I knew then what I know now...
  • #111,178
  • Jun 16, 2009 4:45pm Jun 16, 2009 4:45pm
Quoting SerpentDove
I rarely wait until it comes back all the way, I wait until the damage is minimized by a pull back, not accepting losses will get you nowhere. It took me a long time to learn to accept losses.

At times it's a circus, I hedge yes, but sometimes that doesn't work out and I lose twice as much as I had planned on accepting. The only way to stay consistently profitable for me is to manage lot size. I really don't have that large an account, so yeah, I normally stick to lot sizes that I can stomach -200 pips. I take losses but I take more wins and larger...

Man, I could be the one saying that, my feelings exactly. And I don't use stops either, was trained by fti's thread and others to do rescues and re-averaging.
If only I knew then what I know now...
  • #111,179
  • Jun 16, 2009 4:45pm Jun 16, 2009 4:45pm
heres your storage.. there just about full.. the same tanks goldmen had full last year when the bubble popped.. keep an eye out on all commoditys

http://www.businessweek.com/bwdaily/...lobal+business

http://en.wikipedia.org/wiki/Reliance_Industries

http://www.reuters.com/article/compa...37458620090223
those who can, do. those who cant, talk about those who can
  • #111,180
  • Jun 16, 2009 4:49pm Jun 16, 2009 4:49pm
thnx. wud u suggest a support for placing a stop in that case.


Do yoursefl a favor draw a line at 1.3854 and notice that is exactly the support and resistance line,,, so you dont want to go long on the resistance line but wait for it to break that line and then wait for a little pull back and then you go long.

always take a position with the wall of resistance or support behind your back. if you go long make sure you have support behind your price entry if you go short make sure you have reistance behind your short entry. Understand

just trying to help you a bit.

Does it make sence to you..[/quote]
YS
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