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  • #134,001
  • Edited 12:21am Aug 22, 2009 12:09am | Edited 12:21am
Quoting 5abi
the only rule in forex is that there are no rules. I am sorry if u see an opportunity and dont take it cuz ur rules says not to, you are missing out on a lot

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I agree with you on opportunity part of your post. My profile says I am an Opportunist.

I couldn't appropriately ariticulate. Actually, I am not happy with the kind of risk I took on those opportunties. Working on it. Several hours ago, have put some thoughts in my trading journal "Chicky's Trading Journal" on this very topic. Will appreciate your input on my thoughts.

This market has no rules and it is very random, thats why risk of being hypnotized is great. I try to mitigate this risk by following an operating framework.
The Thief of Wall Street
  • #134,002
  • Aug 22, 2009 12:53am Aug 22, 2009 12:53am
I'm actually short (since 1.4340, second wave) with no SL, call me crazy but I see something on the weekly chart that give me reasons.

I have a mental SL at above 1.45xx aiming for about 60 pips but get out if trade goes reasonable against me.

The trend is bull shaped but my position is on relative short term.

If I'm wrong, Guiness is on me.

Have a great weekend.


Quoting Jay Walker
You would be extremely happy to not have me handle your funds.
  • #134,003
  • Aug 22, 2009 1:24am Aug 22, 2009 1:24am
Quoting Chicky
I agree with you on opportunity part of your post. My profile says I am an Opportunist.

I couldn't appropriately ariticulate. Actually, I am not happy with the kind of risk I took on those opportunties. Working on it. Several hours ago, have put some thoughts in my trading journal "Chicky's Trading Journal" on this very topic. Will appreciate your input on my thoughts.

This market has no rules and it is very random, thats why risk of being hypnotized is great. I try to mitigate this risk by following an operating framework.

May be or not " This market has no rules and it is very random" or we are missing the link same as of life .Do we know what will happen next second ? Never , but can assume /predict from our presence/situation /time /circumstances what may happen in different ways and one way may fit properly or totally new happen . Even that every new event has it's foundation to the present & every present to it's past nothing warrenty next second one , here also all come from the present now immediate past. If look to whole days work they all linked together no miracle ,no absurd ever happened and so life may not be so random, even we see all random but the randomness may be in order when sees in greater picture /order, just too many complexities in the order.

Likely if you place any indicator it will fit in every chart precisely even that we can't rely on it what it predicts for the next event and so actually we are missing some links perhaps to know the future .Like life we are certainly ignoring something or something beyound our imagination what the present /past/indicators telling to catch the future .Here may be the role of rules ,may need more complex way or most simplest one ?

Hope one day we all know our future & the future prices in forex & win all the monies in the world, may be money that time turn into NO MONEY ,everybody having it ,not in need of it!!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #134,004
  • Aug 22, 2009 2:24am Aug 22, 2009 2:24am
hi all,

i posted a story about eur/usd for the past 1 year..

http://www.forexfactory.com/news.php?do=news&id=192672

do take a kind look if it pleases you .. thanks !
  • #134,005
  • Aug 22, 2009 2:34am Aug 22, 2009 2:34am
Quoting Bemac
I would be willing to negotiate 2% of my {trading} holdings to be governed by you with the stipulation of Monkdom...
I can ask One Question Once per Year... {not 7 years.}
I will take this as a tremendously flattering vote of confidence which is appreciated.

But I will not take it as a request to send a check
Not all sins are created equal
  • #134,006
  • Aug 22, 2009 2:37am Aug 22, 2009 2:37am
Quoting cobraforex
I'm actually short (since 1.4340, second wave) with no SL, call me crazy but I see something on the weekly chart that give me reasons.

I have a mental SL at above 1.45xx aiming for about 60 pips but get out if trade goes reasonable against me.

The trend is bull shaped but my position is on relative short term.

If I'm wrong, Guiness is on me.

Have a great weekend.
That's the one bug in the ointment of my trade Cobra. I see potential for a short on the weekly chart as well. I'll just have to wait and see.

The beauty of this is that we both could come out ahead in our trades. Just at different times.
Not all sins are created equal
  • #134,007
  • Aug 22, 2009 8:10am Aug 22, 2009 8:10am
very quiet today something going on in the world? :"P
  • #134,008
  • Aug 22, 2009 8:48am Aug 22, 2009 8:48am
Hi Mate
Could you share with us your trading system you're using,I'm quite impressed with your statements so I would like to have those kind of statements for myself..)))
Thanks

Quoting guru2006
see my today trade
{Promotion Removed}
  • #134,009
  • Aug 22, 2009 10:03am Aug 22, 2009 10:03am
gator fxpro meta has gold and oil
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #134,010
  • Aug 22, 2009 10:05am Aug 22, 2009 10:05am
Thanks to the guy who lost the $1000 to share this with us, hope it was money you can afford losing, I'm very new to forex trading, I read a lot in the past month, open an demo acct. for 2 weeks, lost and won a couple, saw what to do right and wrong, emotional trading and all that stuff, I began live this week still lost $120, but after guru shared his statement I saw that the LEVERAGE was killing me, today I sent an email to my broker to lower it, good trade week guru, I hope one day it could be me, I still be happy with a half or even a quarter of what you did. I'm following you all, and taking your advice, but at the end I take my own decisions even if they are wrong, hehehe.

Keep the good work, have a nice weekend!

forex4pty
  • #134,011
  • Aug 22, 2009 10:12am Aug 22, 2009 10:12am
Quoting Chicky
With $86 left in your account, you had just lost time, not money. ......... If you have an edge and discipline, you can make it back to $1000 in about three years with a wealth of knowledge and confidence as a bonus. This will be apart from what you will be earning on any additional investment into this account over these three years. The most important thing you will earn will be confidence.

This is now your choice if you want mental capital or money capital first.
u must be kidding if he has to made 1000 in 3 years why would he be here? lol he will work in petrol station and can make more then that in a 6 moth.forex means easy and fast money...not like taking years to make 1000$,but yes this field needs lots of discipline and smartness to hve that fast and easy money.
  • #134,012
  • Aug 22, 2009 10:16am Aug 22, 2009 10:16am
Quoting gatorinla
i posted these numbers last night i got. i never put a calculator to them until now.. the exact # is 1023.53...
added later: just did it on the dow,,, it shows 11135.63 current 9490.99
this has bothered me since posting it.. i did it on the fly... why was the Dow so much further away?..so i could not get it off my mind..then i recalled the move during march was strong and on a day chart i used the first time i may have missed something..so for the hell of it and me wanting to be as accurate as possible to see if this is bs or not. i looked at smaller charts.. on a 4hr i found something not visible on a day chart.. anyway i want to change the Dow number above to 9742.5575. this is below the mental 10k everyone is talking about..the s/p is already above the number i posted so stay tuned both may be wrong.. but 200 more points on the Dow is not far from here.. we could do that Monday and drop on Tuesday..as in anything this is all bs and i don't kid myself about it.. but its better to post it now in case it happens then Thursday like many do..

those numbers are just numbers and i have no track record using this method on s/p or dow..everyone has to trade their own system. and no system works all the time.. and numbers i post on a 15m often get overshot.. but they are just on a 15m... and usually that number becomes s/r....or pretty damn close..

damn i wish i had gold and oil on my meta demo...

on the chart i called the red chart.. 4320 was the higher number. i extended the chart with light blue lines. (we closed 2 pips higher).. so according to it were either over-extended or heading north..im gonna keep my eyes open from here on out of dow/s-p, since we are between those posted numbers for each...since it could be a top or new support just like 1000k gold and 80pb oil..

i did have a longer term chart i built from march showing eu ph at 4682.. the next level on this chart is 4470...i hold a short position and will hold it maybe till 4500... just depends on reaction to 70.. but if i was not already in one i may wait till below 4320 or above 4444 with conviction and even above 4444 it would be hard for me to go long other then a scalp.or sl just below 4444. but that's just me..we could be on the bottom now.. but it don't pass the smell test for me..

good luck
those who can, do. those who cant, talk about those who can
  • #134,013
  • Aug 22, 2009 2:02pm Aug 22, 2009 2:02pm
Gate, I use FxPro for gold and oil... but then again I miss usdx

Quoting gatorinla
this has bothered me since posting it.. i did it on the fly... why was the Dow so much further away?..so i could not get it off my mind..then i recalled the move during march was strong and on a day chart i used the first time i may have missed something..so for the hell of it and me wanting to be as accurate as possible to see if this is bs or not. i looked at smaller charts.. on a 4hr i found something not visible on a day chart.. anyway i want to change the Dow number above to 9742.5575. this is below the mental 10k everyone...
Close your eyes when you feel you are going under.
  • #134,014
  • Edited 7:36pm Aug 22, 2009 3:04pm | Edited 7:36pm
Quoting Alihuzaifa
u must be kidding if he has to made 1000 in 3 years why would he be here? lol he will work in petrol station and can make more then that in a 6 moth.forex means easy and fast money...not like taking years to make 1000$,but yes this field needs lots of discipline and smartness to hve that fast and easy money.
Ali, In my Fu%$ing but Humble Opinion (IMFHO) one can only last in this business thinking in terms of percentages and ratios not "dollar amount of profit/loss" and "account growth in times". There are fast horses, fast cars and fast women but no such thing as fast money. Discipline and rik management contradict "fast". But I do agree with "easy" money part, in fact, it should be 'lazy money" becuase it is not trading but your sitting that fetches you money. Again this in IMFHO.

Will appreciate your comments on the following chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.gif Size: 57 KB
The Thief of Wall Street
  • #134,015
  • Edited 8:47pm Aug 22, 2009 8:29pm | Edited 8:47pm
Quoting Chicky
Ali, In my Fu%$ing but Humble Opinion (IMFHO) one can only last in this business thinking in terms of percentages and ratios not "dollar amount of profit/loss" and "account growth in times". There are fast horses, fast cars and fast women but no such thing as fast money. Discipline and rik management contradict "fast". But I do agree with "easy" money part, in fact, it should be 'lazy money" becuase it is not trading but your sitting that fetches you money. Again this in IMFHO.

Will appreciate your comments on the following chart....
My bad misread, ignore.
  • #134,016
  • Aug 22, 2009 11:20pm Aug 22, 2009 11:20pm
[quote=Chicky;2980587]
Quoting knuckledrag
If your question is strictly for Ali

Knuck, please delete your post, before I post the name of the pair in half an hour. This is my first and last warning because I like you.

?

What's wrong?
  • #134,017
  • Aug 22, 2009 11:44pm Aug 22, 2009 11:44pm
[quote=Larseg;2980599]
Quoting Chicky


?

What's wrong?
I am sorry, it was a mistake, not intended for Knuck.
The Thief of Wall Street
  • #134,018
  • Aug 23, 2009 12:02am Aug 23, 2009 12:02am
[quote=Chicky;2980657]
Quoting Larseg

I am sorry, it was a mistake, not intended for Knuck.

Ok, didn't understand sh*#¤t there...

Anyone seen any difference in the forex market lately?

all my systems are very different in august compared to earlier months... semi mechanically trading...
  • #134,019
  • Aug 23, 2009 1:27am Aug 23, 2009 1:27am
[quote=Larseg;2980702]
Quoting Chicky


Ok, didn't understand sh*#¤t there...

Anyone seen any difference in the forex market lately?

all my systems are very different in august compared to earlier months... semi mechanically trading...

yeah i wrote about this in my eur/usd 1 year on article too
  • #134,020
  • Aug 23, 2009 2:04am Aug 23, 2009 2:04am
[quote=trading801;2980873]
Quoting Larseg


yeah i wrote about this in my eur/usd 1 year on article too
what's up koala?
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