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  • #126,701
  • Edited 8:30pm Jul 29, 2009 8:25pm | Edited 8:30pm
Quoting stevefx
I'm working on that Chicky. Things don't fit in quite so neatly on bigger TF's-you've got things going on that are a lot more complex, so I'm trying to sort it out. However I don't think I agree that there's too much noise on the 4hr:

There are smaller counter movements that you can't predict. Right now for example I took a short at 4056. System allows for a rise to maybe 4100, but shows PA is going to wind up at around 3985. So I can't say if its going to go straight there, or if its going up a little first and then down hard...So its for a...
No. I don't say there is much noise on 4H. I was referring to much lower timeframes.

People don't like noise, but I love noise, because my new system is built around certain basic rules. One is, if I cannot avoid something why not focus on taking advantage out of it. Like they say: If you get lemons, make lemonade. This fx game is like Judo, use your opponent's force to help you gain advantage. As Tan Tzu says in the Art of War, something like, use enemy's resources against them. But I still have a long way to go.
The Thief of Wall Street
  • #126,702
  • Jul 29, 2009 8:27pm Jul 29, 2009 8:27pm
Quoting az_ivan
Thanks for warning me! While Dow Jones future and NIKKEY don't go higher I am easy. I presume Australian Building Approvals will be the moving force today. Won't go sleep before that.
well i decided to hold the next one for a little while..If i hit entry again.. i dont play patterns much but i got a h/s head (in construction) on my 5m.. and even if it did its much to early.. but im thinking since 60 is stiff and not a normal fib as calculated by most. that we go down soon..and if its a head the neck goes to 4010 area.. dont get me wrong a h/s ia a pattern for a reason.. i think the reason is developing not the pattern
those who can, do. those who cant, talk about those who can
  • #126,703
  • Jul 29, 2009 8:37pm Jul 29, 2009 8:37pm
Quoting gatorinla
i think the reason is developing not the pattern
Good news re: aussi housing. Brent spot is green. S&P futures are green. Maybe this ill china wind has blown through and we can get the post recession party started again?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #126,704
  • Jul 29, 2009 8:38pm Jul 29, 2009 8:38pm
Quoting The Fool
Good news re: aussi housing. Brent spot is green. S&P futures are green. Maybe this ill china wind has blown through and we can get the post recession party started again?

did u sleep last hours ?
  • #126,705
  • Jul 29, 2009 8:45pm Jul 29, 2009 8:45pm
Quoting Tom_D_Trader
I am not good with english words but FX really is similar to poker. And as well as in poker you can either gamble or work strategicaly. That means take as much as you can if you hit and loose as little as possible if you dont.
Absurd statement.

Trading has nothing to do with gambling... although many novice traders make that mistake.

m
  • #126,706
  • Jul 29, 2009 8:47pm Jul 29, 2009 8:47pm
Quoting The Fool
Good news re: aussi housing. Brent spot is green. S&P futures are green. Maybe this ill china wind has blown through and we can get the post recession party started again?

for sure is a happy boy ... is so funny ... I find that not funny ...

Let us be green
  • #126,707
  • Jul 29, 2009 8:51pm Jul 29, 2009 8:51pm
Quoting acumen
Absurd statement.

Trading has nothing to do with gambling... although many novice traders make that mistake.

m
Whether or not the last digit of the first car stopping at a traffic light is even or odd has nothing to do with gambling, but I do gamble on that.
The Thief of Wall Street
  • #126,708
  • Jul 29, 2009 8:52pm Jul 29, 2009 8:52pm
Quoting leafarct

for sure is a happy boy ... is so funny ... I find that not funny ...

I did not jest.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #126,709
  • Jul 29, 2009 8:58pm Jul 29, 2009 8:58pm
Quoting Chicky
Whether or not the last digit of the first car stopping at a traffic light is even or odd has nothing to do with gambling, but I do gamble on that.
chicky is novice in many aspects including trading
  • #126,710
  • Jul 29, 2009 8:59pm Jul 29, 2009 8:59pm
chicky is a full time trader. where as novices here are still demo trading and getting binned here and there

Quoting Alihuzaifa
chicky is novice in many aspects including trading
Its all in the mind.
  • #126,711
  • Jul 29, 2009 9:02pm Jul 29, 2009 9:02pm
Quoting 5abi
chicky is a full time trader. where as novices here are still demo trading and getting binned here and there
are u sure?
  • #126,712
  • Jul 29, 2009 9:04pm Jul 29, 2009 9:04pm
any ways one thing i have found so well in past few days sucessfull traders really rarely comments on this forum or any other forum...most bias is from novice or demo traders...

coz personally now i dont get time to post much on forum LOLLLL

may be still i will continue with copy paste to help others....

ALL PRAISE TO LORD
  • #126,713
  • Jul 29, 2009 9:04pm Jul 29, 2009 9:04pm
Quoting The Fool
Good news re: aussi housing. Brent spot is green. S&P futures are green. Maybe this ill china wind has blown through and we can get the post recession party started again?
well ron J...you know its hard to talk to a guy with porch dog like qualitys. and look him straight in the face..but tues was the day to shoot 4 55 oil..its be comming back with bell bottom purple panties suits..
those who can, do. those who cant, talk about those who can
  • #126,714
  • Jul 29, 2009 9:06pm Jul 29, 2009 9:06pm
Quoting 5abi
chicky is a full time trader. where as novices here are still demo trading and getting binned here and there
Correction: I am a part time trader and full time gambler.

In my part time trading, I mostly gamble and trade little. I am trading only when I am short on USD becausse my bank account and many other assets are held in USD. Therefore I am just hedging and protecting may assets with this trade.

How many of us have 'novice' objective of trading i.e. minizing risk stemming from some economic activity we carry out that result in foreign receivable, payable, offshore assets and liabilities?
The Thief of Wall Street
  • #126,715
  • Jul 29, 2009 9:15pm Jul 29, 2009 9:15pm
well the house doesn't beat the player, It just gives him the opportunity to beat himself. Gambling, Receivables payables offshore assets and risk...

Quoting Chicky
Correction: I am a part time trader and full time gambler.

In my part time trading, I mostly gamble and trade little. I am trading only when I am short on USD becausse my bank account and many other assets are held in USD. Therefore I am just hedging and protecting may assets with this trade.

How many of us have 'novice' objective of trading i.e. minizing risk stemming from some economic activity we carry out that result in foreign receivable, payable, offshore assets and liabilities?
Its all in the mind.
  • #126,716
  • Jul 29, 2009 9:18pm Jul 29, 2009 9:18pm
not just 8 years but even 80 years of gambling wont let u move any where.
  • #126,717
  • Jul 29, 2009 9:19pm Jul 29, 2009 9:19pm
this market is much of understanding and art rather then gambling
  • #126,718
  • Jul 29, 2009 9:20pm Jul 29, 2009 9:20pm
Quoting Alihuzaifa
this market is much of understanding and art rather then gambling
Replace the word "Gambling" with "Punting", and you will be 100% right.
The Thief of Wall Street
  • #126,719
  • Jul 29, 2009 9:26pm Jul 29, 2009 9:26pm
Quoting Chicky
Replace the word "Gambling" with "Punting", and you will be 100% right.
yes punting in educational direction can be the word...or it can be called educational guess


gussing is part of life...i can just guess that i would be alive till the day end but i am not sure...
  • #126,720
  • Jul 29, 2009 9:36pm Jul 29, 2009 9:36pm
Some people are just lucky too...their whole life.
Ever met anyone like that?
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