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Trade what you see NOT what you expect

  • #27,481
  • Edited 9:32am Dec 2, 2009 9:13am | Edited 9:32am
i have an odd question...

for any US east coasters, what hours do you normally watch the charts? ive been sticking to a 0630-1600 schedule (trying to balance working and time with my family) and it seems like im just never on during the good stuff. i know my schedule excludes the asian session and most of the london... should i just get up with the london or should i stop watching cable?



any advice would be very much appreciated.
  • #27,482
  • Dec 2, 2009 9:36am Dec 2, 2009 9:36am
Quoting macc
Morning Pippi (and everyone else)

I managed to snag a few pips today but it's always an education to see/hear the entries yourself and EO hitch a ride on

Macc
Hey stranger good to see your snagging a few. I figured you were in permanent holiday mode until after New Years!

I manage to get a few pips every once in awhile.
  • #27,483
  • Dec 2, 2009 9:42am Dec 2, 2009 9:42am
Quoting Snowmeizer
i have an odd question...

for any US east coasters, what hours do you normally watch the charts? ive been sticking to a 0630-1600 schedule (trying to balance working and time with my family) and it seems like im just never on during the good stuff. i know my schedule excludes the asian session and most of the london... should i just get up with the london or should i stop watching cable?



any advice would be very much appreciated.
This is what I do full time so it is easier for me than others but I usually get up from about a 3hr nap at 1am and look for a position and trade until about 4am. Then it's back to bed for another 3hr nap and then I'm up for the rest of the day until 10 pm. Your highest volume and thus generally bigger moves are during Euro/London.
  • #27,484
  • Dec 2, 2009 9:47am Dec 2, 2009 9:47am
Quoting PippiNole
Hey stranger good to see your snagging a few. I figured you were in permanent holiday mode until after New Years!

I manage to get a few pips every once in awhile.
Permanent holiday mode You've obviously got me confused with someone else. Nothing but blood, sweat and tears at the coal-face from me
  • #27,485
  • Dec 2, 2009 9:49am Dec 2, 2009 9:49am
Quoting PippiNole
This is what I do full time so it is easier for me than others but I usually get up from about a 3hr nap at 1am and look for a position and trade until about 4am. Then it's back to bed for another 3hr nap and then I'm up for the rest of the day until 10 pm. Your highest volume and thus generally bigger moves are during Euro/London.
nice, i hadnt thought about breaking it up like that. how long do you watch after your second nap? 7-11?
  • #27,486
  • Dec 2, 2009 9:52am Dec 2, 2009 9:52am
Quoting macc
Permanent holiday mode You've obviously got me confused with someone else. Nothing but blood, sweat and tears at the coal-face from me

Somebody must have hijacked your login.

I suppose you are posting from the pub!
  • #27,487
  • Dec 2, 2009 10:02am Dec 2, 2009 10:02am
Well Pippi, I hope you're happy. Bowden got kicked to the curb! He was only 80 years old and now he's unemployed. Poor guy...I wonder what he'll do now?
Hi, my name is Barry and you can keep your doctor...
  • #27,488
  • Dec 2, 2009 10:02am Dec 2, 2009 10:02am
Quoting PippiNole
Somebody must have hijacked your login.

I suppose you are posting from the pub!
Am I really that transparent? I better start scribing my New Year's resolution list now.

Macc
  • #27,489
  • Dec 2, 2009 10:17am Dec 2, 2009 10:17am
Quoting cisco
Well Pippi, I hope you're happy. Bowden got kicked to the curb! He was only 80 years old and now he's unemployed. Poor guy...I wonder what he'll do now?

He is in Forex training!

I'm sure he and his wife can figure out how to get by on the money he'll get from Social Security and maybe a stimulus check or 2 from the Long Legged Mack Daddy.
  • #27,490
  • Dec 2, 2009 10:28am Dec 2, 2009 10:28am
Quoting PippiNole
He is in Forex training!

I'm sure he and his wife can figure out how to get by on the money he'll get from Social Security and maybe a stimulus check or 2 from the Long Legged Mack Daddy.
Maybe you could help him out with the whole forex thing since you live nearby.

As for stimulus money...I'm thinking that'll be reserved for ACORN, SEIU and a few other unions. After all, they did donate 60 mil to Mack Daddy's campaign.
Hi, my name is Barry and you can keep your doctor...
  • #27,491
  • Dec 2, 2009 10:58am Dec 2, 2009 10:58am
Quoting Snowmeizer
nice, i hadnt thought about breaking it up like that. how long do you watch after your second nap? 7-11?
I usually have my eye on the charts up until noon and then I'll take a break and will occasionally take an afternnoon trade. I definitely start watching for an Asian trade around 6pm until nap time at 10pm.
  • #27,492
  • Dec 2, 2009 11:23am Dec 2, 2009 11:23am
Quoting PippiNole
I usually have my eye on the charts up until noon and then I'll take a break and will occasionally take an afternnoon trade. I definitely start watching for an Asian trade around 6pm until nap time at 10pm.
thanks again for sharing that info, im going to definitely try breaking up my schedule. i dont know why i never thought to do that on my own, lol.

now to see what my wife thinks...

haha, just kidding.
  • #27,493
  • Dec 2, 2009 11:41am Dec 2, 2009 11:41am
Quoting Snowmeizer
thanks again for sharing that info, im going to definitely try breaking up my schedule. i dont know why i never thought to do that on my own, lol.

now to see what my wife thinks...

haha, just kidding.
Breaking your schedule up is a must!
Just digging in the trenches like everyone else!
  • #27,494
  • Dec 2, 2009 11:45am Dec 2, 2009 11:45am
Quoting eohater
Breaking your schedule up is a must!
I've personally gotten to the point where I don't trade Asia anymore. I dedicate that time to family time, rest, HS or whatever, then gear up for EL around 1:00am, take another rest after my h4's close and get around 7:00am to run US Session. (all times are based upon NY time)
Just digging in the trenches like everyone else!
  • #27,495
  • Dec 2, 2009 1:47pm Dec 2, 2009 1:47pm
Quoting eohater
I've personally gotten to the point where I don't trade Asia anymore. I dedicate that time to family time, rest, HS or whatever, then gear up for EL around 1:00am, take another rest after my h4's close and get around 7:00am to run US Session. (all times are based upon NY time)
nice, that was my plan exactly! if it works for you, good chance itll work for me too.

i am curious of your reason to not trade asia, is it solely because of family/rest (which is my plan), or is it just not worth it in your experience?

anyway, thanks for the added info!
  • #27,496
  • Dec 2, 2009 1:51pm Dec 2, 2009 1:51pm
hey bud, just wanted to say hey to you and your fans.
i hope you're killin it as usual.

I wanted also to add one piece to your trading if i may. i haven't read the entire thread so forgive me if this has been covered. (or really a mind set)
that's this....

trading sometimes isn't about making money but about NOT losing it. Efficient use of SL's and not random closures and flip flopping is KEY to capital preservation. If you get yourself stuck in a bad trade, you need not sit and HOPE that it may turn around. You need to act. Just as in any business, you will have a problem from time to time. The question is how do you respond to it...

peace
dak
  • #27,497
  • Dec 2, 2009 1:53pm Dec 2, 2009 1:53pm
Quoting dakrusha
hey bud, just wanted to say hey to you and your fans.
i hope you're killin it as usual.

I wanted also to add one piece to your trading if i may. i haven't read the entire thread so forgive me if this has been covered. (or really a mind set)
that's this....

trading sometimes isn't about making money but about NOT losing it. Efficient use of SL's and not random closures and flip flopping is KEY to capital preservation. If you get yourself stuck in a bad trade, you need not sit and HOPE that it may turn around. You need to act. Just as in any business,...
Brother Dak! Been a long time! I'm doing well in the market, just wish I had more time for the thread. I'm sure your killing it yourself!

Your addition is so true! To many times people sit in a bad trade and don't know what to do. Accept the loss and get in on the right trade.

Your always welcome here bro! You've got my contact info, hit me anytime brother!
Just digging in the trenches like everyone else!
  • #27,498
  • Dec 2, 2009 1:59pm Dec 2, 2009 1:59pm
Quoting eohater
Brother Dak! Been a long time! I'm doing well in the market, just wish I had more time for the thread. I'm sure your killing it yourself!

Your addition is so true! To many times people sit in a bad trade and don't know what to do. Accept the loss and get in on the right trade.

Your always welcome here bro! You've got my contact info, hit me anytime brother!
thanks for the warm welcome friend! you rock!

i have been killing it actually. i have been working on my sys for quite a while now (over 2 solid years) and finally "found what i'm looking for".
my goal is 250 pips per week (50 per day) and i've been hitting my targets for 3 months solid. I've had a few crappy days but that ONLY happens when i have over leveraged myself. that's my own fault and not my system.
so yeah i'm happy these days.
my regular business has been slowing down so my consistency is coming at a good time.

i will be back on here more often now i see you got your own thing going. I would rather be here than in the G/U thread where there's too much trading piracy...HAHA
  • #27,499
  • Dec 2, 2009 2:11pm Dec 2, 2009 2:11pm
Quoting dakrusha
thanks for the warm welcome friend! you rock!

i have been killing it actually. i have been working on my sys for quite a while now (over 2 solid years) and finally "found what i'm looking for".
my goal is 250 pips per week (50 per day) and i've been hitting my targets for 3 months solid. I've had a few crappy days but that ONLY happens when i have over leveraged myself. that's my own fault and not my system.
so yeah i'm happy these days.
my regular business has been slowing down so my consistency is coming at a good time.

i will be back on...
That's excellent trading bro! Stick around here too long and you'll be increasing your pippage to 100 per day. Have a read of the pdf on post #1 and compare notes to your system. See if there's something in there that might be of help. Regardless though, 50 per day is great! I know one person who started in this thread who was only shooting for 40 per day, well, he's blown the hell out of that amount now. Already this week he's up almost 2K pips! As for myself, I'm still consitant with 1000 pips per week or more.
Just digging in the trenches like everyone else!
  • #27,500
  • Dec 2, 2009 2:47pm Dec 2, 2009 2:47pm
Quoting eohater
That's excellent trading bro! Stick around here too long and you'll be increasing your pippage to 100 per day. Have a read of the pdf on post #1 and compare notes to your system. See if there's something in there that might be of help. Regardless though, 50 per day is great! I know one person who started in this thread who was only shooting for 40 per day, well, he's blown the hell out of that amount now. Already this week he's up almost 2K pips! As for myself, I'm still consitant with 1000 pips per week or more.
i'm def going to give it a read.
i just printed it off (i hate reading on the screen) so i can take it with me to read.
as we "speak" i just hit my 50 pips for today so i feel good. anything else is gravy.
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