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  • #175,841
  • Dec 28, 2009 11:59am Dec 28, 2009 11:59am
Quoting malcolmb14
what PA ? ... a 40 pip range and you made a fortune ? you are obviously over leverage , and what is a fortune to you is just a small drop in the bucket to others. I would consider 1 million a fortune , I would consider 10 k just another day in the office.

1.4360 to 1.4410 is not a huge move for 13 hours ....

I am a gj trader but recentyl switched to eu and gu due to the easy traneds to play. GJ farts and she moves 50 pip on one 5 min candle.

Hi Malcomb,

You are so right when you say that "what is a fortune to you is just a small drop in the bucket to others". It is definitely a relative term. I am sure rattyo meant fortune relative to herself. (good job, rattyo). As for a move of 50 pips could be producing a "fortune" for any one? Well, a trader could very well be making 100 pips or even more from a "zero" pip net move, or am I wrong?

I was also doing some maths with the figure quoted by you. As I understand, any sensible long term trader, who is disciplined with respect to leveraging and overall money management is a happy camper if he makes 40% to 50% a year.

You say that you consider a 10K income per day "just another day in the office". Assuming you work 300 days, lets make it 250 days in the year, you will have an income of $2.5M. For any "sensible" trader, minimum working capital of $5M would be required.

Am I correct or am I missing something?

TF
  • #175,842
  • Dec 28, 2009 12:03pm Dec 28, 2009 12:03pm
Quoting malcolmb14
we could go as high as 1.4660 and still be in wave 4

and i do not count a 20 min pop down on s/r I think of s/r more as zones rather than exact number. So I am thing that the real support is 1.4240

there was a great article in stocks and commodities magazine about unthinking of s/r as zones rather than exact numbers

right now range is 1.4240 to 1.4400 , with out er limit 4220 , so about a 150 pip retrace

Attachment
eurusd it's ready to exit the ascending triangle to the up side.
Momentum it's shows clearly an up moove.
Acumulation it's about to finish.
See my trades on the picture.

see u later
Attached Image
  • #175,843
  • Dec 28, 2009 12:09pm Dec 28, 2009 12:09pm
think of each month as pips made not $$$ made . If you can constantly make 250 pip per week for 2 years , then it is only a matter of how much you are willing to trade with

would you trade 20 k of a 300 k account to make 50 pip per day with a 20 pip stop and a 1:2.5 r/r ratio ? with a success rate of 80% ?

this game is about being consistent .... that is key ...not baout how many gaziilion os pips one can make in a month

Quoting TradeForexFx
Hi Malcomb,

You are so right when you say that "what is a fortune to you is just a small drop in the bucket to others". It is definitely a relative term. I am sure rattyo meant fortune relative to herself. (good job, rattyo). As for a move of 50 pips could be producing a "fortune" for any one? Well, a trader could very well be making 100 pips or even more from a "zero" pip net move, or am I wrong?

I was also doing some maths with the figure quoted by you. As I understand, any sensible long term trader, who is disciplined with respect to...
Blogging daily now at www.volume.zone
  • #175,844
  • Dec 28, 2009 12:24pm Dec 28, 2009 12:24pm
Quoting gatorinla
are those elliots ever wrong?
hi there gatorinla . that was my way of looking at market right now . if i m wrng it wont be the first time . i was only debating with malcolme that we still going up on eur . and s/r levels and zones they r not used in range calculation or pb as you wont know the retrace to see where it s going to
  • #175,845
  • Dec 28, 2009 12:36pm Dec 28, 2009 12:36pm
Quoting nawafasad1
hi there gatorinla . that was my way of looking at market right now . if i m wrng it wont be the first time . i was only debating with malcolme that we still going up on eur . and s/r levels and zones they r not used in range calculation or pb as you wont know the retrace to see where it s going to
to be quite honest i never studdied elliots. but i have seen others say this or that about them. then other elliot gurus cut them down. saying this is wrong yada yada. so it put me as a bystander nuetral. because its all seems left up to interptation. and many seem to follow different rules. i wasnt making sport of what you said. i was asking if you have a good track record percentage or not. and if you do about how often are these waves wrong? since as always there conflicting signals. for instance you be using a 15 min chart and others may be using day ect.
those who can, do. those who cant, talk about those who can
  • #175,846
  • Dec 28, 2009 12:36pm Dec 28, 2009 12:36pm
Quoting malcolmb14
think of each month as pips made not $$$ made . If you can constantly make 250 pip per week for 2 years , then it is only a matter of how much you are willing to trade with

would you trade 20 k of a 300 k account to make 50 pip per day with a 20 pip stop and a 1:2.5 r/r ratio ? with a success rate of 80% ?

this game is about being consistent .... that is key ...not baout how many gaziilion os pips one can make in a month

Surely it is more important to earn consistent quality pips and I am sure that rattyo took care of that while making her "fortune".

As for earning consistent 50 quality pips a day, will surely be happy to do even half of that, even 20 would be great.

TF
  • #175,847
  • Dec 28, 2009 12:38pm Dec 28, 2009 12:38pm
I can see great area to short

Short @ 4402/4404

SL 4420 TP 4300
Never sell @ lower upward channel unless breacked and vise versa .
  • #175,848
  • Dec 28, 2009 12:50pm Dec 28, 2009 12:50pm
Quoting malcolmb14
The beauty of the system I use

Ok, ok, what the system, can you post link (share), if this sys. was

presented on the forum? Would like to take a look.

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #175,849
  • Dec 28, 2009 12:57pm Dec 28, 2009 12:57pm
Make money while you sleep

Buy limit 1.4386 TP 1.4392

Sell limit 1.4394 TP 1.4385

Not much, but range is very tight..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #175,850
  • Dec 28, 2009 12:58pm Dec 28, 2009 12:58pm
Quoting SkyzerFX
Ok, ok, what the system, can you post link (share), if this sys. was presented on the forum? Would like to take a look.
Pay attention...

http://www.forexfactory.com/showpost...stcount=175728
FUBAR...
  • #175,851
  • Dec 28, 2009 1:04pm Dec 28, 2009 1:04pm
well gatorilna ew count is done on any tf . some trading companies use it on 1 min tf on sp500 on daily basis the confirmation is a divergence on any supp or res testing . others use ao and rsi . some use fibb ret and projection for the count . some use channells to see the count .
  • #175,852
  • Dec 28, 2009 1:05pm Dec 28, 2009 1:05pm
Quoting ak4x
Pay attention...

http://www.forexfactory.com/showpost...stcount=175728
he's too busy......going long
hang on to your bread......unless you want toast
  • #175,853
  • Dec 28, 2009 1:13pm Dec 28, 2009 1:13pm
Quoting TradeForexFx
Hi Malcomb,

You are so right when you say that "what is a fortune to you is just a small drop in the bucket to others". It is definitely a relative term. I am sure rattyo meant fortune relative to herself. (good job, rattyo). As for a move of 50 pips could be producing a "fortune" for any one? Well, a trader could very well be making 100 pips or even more from a "zero" pip net move, or am I wrong?

I was also doing some maths with the figure quoted by you. As I understand, any sensible long term trader, who is disciplined with respect to...
Normally I trade a very small fraction of my account. Far lower than 2% etc. Its built up over the years.
Normally you never see days like this. Its like the Asian Session in slow motion and its be too predicatable all day.
Ive have a UK spreadbet company account and it allows huge amount per pip trades. I dont trade like this normally as markets are far too choppy.
rat
  • #175,854
  • Dec 28, 2009 1:13pm Dec 28, 2009 1:13pm
Eur/Usd Long or Short?

Looking to the pair in the 4H TF, it's possible to see the price hiting the lowest border of the kumo (cloud). The kumo it's a strong area of S/R, when the price enter there exist a beauty probability to be driven back to the last levels.

Additionaly, crossing the kumo we have a 23.6% fibonacci level, adding more resistance to a north march.

So, i think that the e/u is prepairing a second leg to south.

(-:

http://www.forexfactory.com/attachme...7&d=1262026953
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd28-12h4.gif Size: 12 KB
  • #175,855
  • Dec 28, 2009 1:14pm Dec 28, 2009 1:14pm
Quoting Gld
he's too busy......going long
Heh, yeah

I'm already long since Dec 22 . Waiting for about 1.46+, then will TP and

re-enter.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #175,856
  • Dec 28, 2009 1:19pm Dec 28, 2009 1:19pm
Quoting SkyzerFX
Heh, yeah

I'm already long since Dec 22 . Waiting for about 1.46+, then will TP and

re-enter.
yep....i've been paying attention (hint , VSA)
hang on to your bread......unless you want toast
  • #175,857
  • Dec 28, 2009 1:25pm Dec 28, 2009 1:25pm
Quoting SkyzerFX
Heh, yeah

I'm already long since Dec 22 . Waiting for about 1.46+, then will TP and

re-enter.
The last high came from 382-412...its double topped fridays high 417 todays high 412..double top here .

Might be heading towards the 143 73 region to give that top another go or a collapse down totally.

Ive closed longs a hour ago and went short at 390 if it gets to 370. I wait to see what happens there. before making a change of trade or staying short.
rat
  • #175,858
  • Dec 28, 2009 1:57pm Dec 28, 2009 1:57pm
Quoting WedWed
I can see great area to short

Short @ 4402/4404

SL 4420 TP 4300

ahhhhhh!! still waiting 4402 , fell sleepy.
Never sell @ lower upward channel unless breacked and vise versa .
  • #175,859
  • Dec 28, 2009 2:00pm Dec 28, 2009 2:00pm
Quoting TradeForexFx
Surely it is more important to earn consistent quality pips and I am sure that rattyo took care of that while making her "fortune".

As for earning consistent 50 quality pips a day, will surely be happy to do even half of that, even 20 would be great.

TF
I hear you .... 20 pip a day is 100 per week , a great return on investment. Some weeks I may make only 150 pip , other 600 and as long as not to many some weeks -150 pip.

The thing that most do(and I have been guilty of this) and what I even see going thru the xmas holidays is over trading. Over trading is a sure way to burn one self out and in the long run kill an account. Make one trade of 20 pip and instead of walking away for rest of day human nature drives us to keep trading , next trade we lose 40 , then we start revenge trading and being desperate to make pips. By end of day we are -100 and hate ourselves and everyone around us.

There have been days I have not even traded ... did not like market conditions , tired , could not get a good set up I liked etc etc

Two things about this game I have come to be very aware of are risk management ( that could be r:r getting into a trade , getting into the right trade , trading with the predominant trend direction on a higer time frame etc etc ) and patience (waiting for the best set up). I have not bought eu off 1.4250 as 1st I do not like trading over xmas and 2nd i would rather play sells only till 1.4600 has a weekly close above. If the weekly trend is to continue and the next wave down is 900 pip then yes I would have missed a 200 - 300 pip retrace BUT my mind will be nice and fresah and ready to stay in that 900 pip down move to 1.3500 and i do not have to even have worry about day trading next month.
Blogging daily now at www.volume.zone
  • #175,860
  • Dec 28, 2009 2:14pm Dec 28, 2009 2:14pm
Make or brake?

http://img510.imageshack.us/img510/7479/linel.jpg
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