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  • #921
  • Nov 9, 2009 7:38pm Nov 9, 2009 7:38pm
Guys, I'm not trading these days. I cleaned my account last week with some guessing - news trading - gambling. Did not use this system at all.

I'll should be back during next week. With some good old trading and examples. I'm coming back stronger - no more gambling. Steady growing, the same way I used to do it.
Invest in alarm clocks
  • #922
  • Nov 9, 2009 7:57pm Nov 9, 2009 7:57pm
Quoting Tony112
Guys, I'm not trading these days. I cleaned my account last week with some guessing - news trading - gambling. Did not use this system at all.

I'll should be back during next week. With some good old trading and examples. I'm coming back stronger - no more gambling. Steady growing, the same way I used to do it.
Good to hear from ya Tony. Taking some time off to reflect is never a bad idea.
I came across this documentary of Phil Ivey a few days ago. It talks about the ups and downs he went through to become what he is today. Really interesting stuff. Keeps me motivated to continue working towards my goals.

Inserted Video
  • #923
  • Nov 9, 2009 9:13pm Nov 9, 2009 9:13pm
1st of all thank you for posting this. This guy is a made man. He made his money with his brain. It well says in the video that poker is game of skill. The guy wanted to be the best and he did it. It's all about will. He has an advantage over something... and it's in poker he made his money. Inspirational video. Of course, if he would have played all the other games where you can't use your brain but only your luck. He would have lost his bankroll many times... This right here can be applied to forex. If you find your edge, you will win, sooner or later, you will be handling big amounts like the brick layers. Money that's not even yours but is in your bank account because you have an advantage. In contrast, if you gamble with forex you will end up paying spreads and be sent in history with margin calls. Thanks again for posting this.


Quoting stinger88
Good to hear from ya Tony. Taking some time off to reflect is never a bad idea.
I came across this documentary of Phil Ivey a few days ago. It talks about the ups and downs he went through to become what he is today. Really interesting stuff. Keeps me motivated to continue working towards my goals.

http://www.youtube.com/watch?v=qoDAOglukMM
Invest in alarm clocks
  • #924
  • Nov 10, 2009 12:21am Nov 10, 2009 12:21am
Quoting Tony112
Guys, I'm not trading these days. I cleaned my account last week with some guessing - news trading - gambling. Did not use this system at all.

I'll should be back during next week. With some good old trading and examples. I'm coming back stronger - no more gambling. Steady growing, the same way I used to do it.
Hope the damage isn't too bad.
  • #925
  • Nov 10, 2009 2:39am Nov 10, 2009 2:39am
I'm working on a script which can automatically trade this method. Basically it monitors the price movement over 5 second periods and opens trades when this exceeds the threshold.

I'm experimenting with range filtering but a whole bunch still needs to be done including a news filter and proper money management. I'm wondering if anyone else has attempted something similar?
  • #926
  • Nov 10, 2009 6:55am Nov 10, 2009 6:55am
Someone here did try this a few months ago. He said there were way too many false moves so it didn't work out. But don't let that discourage you. If you think you can come up with something that works, go for it.
  • #927
  • Edited 11:36am Nov 10, 2009 7:03am | Edited 11:36am
http://img44.imageshack.us/img44/6088/ex38.th.gif

Slow nite in general.

http://img145.imageshack.us/img145/6556/ex39.th.gif
  • #928
  • Nov 11, 2009 4:44am Nov 11, 2009 4:44am
L in effect during extreme volatility times ( news ) BOE Inflation Report

these news are rare


notice my late entry, I'm not supposed to trade this week

see you next week
Attached Image (click to enlarge)
Click to Enlarge Name: 85.gif Size: 27 KB
Invest in alarm clocks
  • #929
  • Nov 11, 2009 4:58am Nov 11, 2009 4:58am
I was looking for a long entry on this BoE news. An L-pattern started to form but failed. I've noticed these are often very good entries to short, right when the L-pattern fails around 1.6780ish.
  • #930
  • Nov 11, 2009 5:29am Nov 11, 2009 5:29am
Quoting stinger88
I was looking for a long entry on this BoE news. An L-pattern started to form but failed. I've noticed these are often very good entries to short, right when the L-pattern fails around 1.6780ish.

yes but 1.6725 is even a better entry

why? because the volatility preceding it is extreme, compared to the volatility before the level you mentionned
Invest in alarm clocks
  • #931
  • Nov 11, 2009 5:30am Nov 11, 2009 5:30am
floating at 40 pips

target 200
Invest in alarm clocks
  • #932
  • Nov 11, 2009 5:35am Nov 11, 2009 5:35am
Quoting Tony112
L in effect during extreme volatility times ( news ) BOE Inflation Report

these news are rare


notice my late entry, I'm not supposed to trade this week

see you next week
Hey Tony, this was a rare chance worth taking. You can bag 50 pips if you close right now This was a great trade, even a bit late as you said.
  • #933
  • Nov 11, 2009 5:35am Nov 11, 2009 5:35am
Quoting Tony112
yes but 1.6725 is even a better entry

why? because the volatility preceding it is extreme, compared to the volatility before the level you mentionned
Absolutely. Sometimes its tempting to stray from the system in an attempt to catch a move.....most of the time when I do this it leads to trouble
  • #934
  • Nov 11, 2009 5:36am Nov 11, 2009 5:36am
Quoting Tony112
floating at 40 pips

target 200
Long term trend is up, I would be cautious about this target.
  • #935
  • Nov 11, 2009 12:09pm Nov 11, 2009 12:09pm
Quoting challenger78
Long term trend is up, I would be cautious about this target.

updrend - downtrend, I'm currently floating at 152 Pips.

I have abandoned all technical analysis and indicatiors - trends, everything included a long time ago. Sorry if I offend someone here but they are simply useless and irrelevant. History. A trend is your friend until it bends and ends.
Invest in alarm clocks
  • #936
  • Nov 11, 2009 12:12pm Nov 11, 2009 12:12pm
Quoting Tony112
L in effect during extreme volatility times ( news ) BOE Inflation Report

these news are rare


notice my late entry, I'm not supposed to trade this week

see you next week
banked 152 pips. closed.
Invest in alarm clocks
  • #937
  • Nov 11, 2009 2:40pm Nov 11, 2009 2:40pm
cool... Good on you.

coming back on that loss! So did you blow the whole acc? That must of hurt.

Addicted I can see....not meant to trade but still did lol
  • #938
  • Nov 11, 2009 4:54pm Nov 11, 2009 4:54pm
Glad you were able to get a big winner out of that move.
  • #939
  • Nov 11, 2009 6:12pm Nov 11, 2009 6:12pm
anyone going to trade the AUD in 20?
  • #940
  • Nov 11, 2009 6:43pm Nov 11, 2009 6:43pm
Quoting ozzieb88
cool... Good on you.

coming back on that loss! So did you blow the whole acc? That must of hurt.

Addicted I can see....not meant to trade but still did lol
LOL addicted to success maybe
Invest in alarm clocks
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