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4% A Day Forever

  • #841
  • Jan 7, 2010 6:41pm Jan 7, 2010 6:41pm
Quoting Bankshot
Hi Fool,
Been stoppin in to check up for a while, you've got an agreeable bunch around here with the occasional AH mixed in. Not a bad place to spend time and listen to the conversation. Good luck in your quest.

Howdy Bankshot - stop in anytime.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #842
  • Jan 7, 2010 8:13pm Jan 7, 2010 8:13pm
Hi Fool

Hey I was working toward your neck of the woods yesterday. Working on a remodle job in Canterwood.

I sure enjoy reading your thoughts and such on trading, keep it up.

I posted on my trading journal that I am going to stop 1m trading for a while and stick to my 5m and 15m systems. Mainly to muckh to keep track of at the same time.

Hopefully we see some trading tonight. With NFP things could be quiet with 50 pip bursts.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #843
  • Jan 8, 2010 12:51am Jan 8, 2010 12:51am
Quoting Rufus

Hey I was working toward your neck of the woods yesterday. Working on a remodle job in Canterwood.

I posted on my trading journal that I am going to stop 1m trading for a while and stick to my 5m and 15m systems. Mainly to muckh to keep track of at the same time.
Oooh, Canterwood. I'll give you a dollar for every Mercedes Benz hood ornament you can steal outta there.

If you are making money working off the M5/M15 charts, keep on doing that. The price action has a fractal quality - it can be hard to tell the difference between an M1 and a H1 chart sometimes if they are not labeled. And the chart patterns and other characteristics that people depend on to make a trade show up across all time frames. So the time frame that a trader chooses, I think, is more about the trader than it is about the charts.

I like to see the candlesticks move. Seeing is believing.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #844
  • Edited 6:21am Jan 8, 2010 4:24am | Edited 6:21am
Slow PA from the FO, about a 20-30 pip range. Best of it was in Frankfurt and the LO, with some 15-pip candles on M5. I scalped full -size all the way and had almost 2% in the bag after an hour. Shoulda quit. Gave most of it back in the hour after LO. C'est la vie. I'm still rusty. Will stay up till NFP and see what I can recoup.

edit: made it back with short scalps on the drop in E/U and a 5-pip breakout grab off the German IP news. Will look at CAD news at 4AM.

edit: wanted to trade the USD/CAD employment news. There was spike down in the hour b4 the announcement & I thought: "they're running it down to buy large in anticipation of an upmove."

So the number came out red and U/C shot up 60+ pips. I didn't have a trade on - I usually just try to scalp in the aftermath. Classic manipulation....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #845
  • Jan 8, 2010 6:39am Jan 8, 2010 6:39am
That sure was manipulation on those u/cad shorts. Also on the eur/cad
  • #846
  • Jan 8, 2010 7:02am Jan 8, 2010 7:02am
Quoting MackS10
That sure was manipulation on those u/cad shorts. Also on the eur/cad

for real - that UCAD move was 70 pips instantaneous.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #847
  • Jan 8, 2010 8:56am Jan 8, 2010 8:56am
the fool so what has been your performance so far? would you care to show the stats?
  • #848
  • Jan 8, 2010 6:07pm Jan 8, 2010 6:07pm
Slept thru the whole NFP shebang. Looks like it was a bear trap just like the U/CAD employment news. Like probably everyone, I figured there woulld be some US jobs growth because there usually is during the Christmas season. Post-announcement short covering would have given up some fat scalps - but more & more I am feeling like the largest news "events" are too much of a good thing. I like volatility but I am happy enough with the smaller somewhat slower variety.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #849
  • Jan 8, 2010 6:45pm Jan 8, 2010 6:45pm
Quoting The Fool
Slept thru the whole NFP shebang. Looks like it was a bear trap just like the U/CAD employment news. Like probably everyone, I figured there woulld be some US jobs growth because there usually is during the Christmas season. Post-announcement short covering would have given up some fat scalps - but more & more I am feeling like the largest news "events" are too much of a good thing. I like volatility but I am happy enough with the smaller somewhat slower variety.
Check out the Gold M1 chart, no bear trap there for those brave enough to trade it, it was was a gift that just kept giving and then broke 25ema and gave all the way down to!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #850
  • Jan 10, 2010 10:22am Jan 10, 2010 10:22am
Whats up with the avatar, or do you change them regularly?
  • #851
  • Jan 10, 2010 10:44am Jan 10, 2010 10:44am
Quoting Bankshot
Whats up with the avatar, or do you change them regularly?

He does

Shame I liked the Charlie Sheen 1
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #852
  • Jan 10, 2010 1:22pm Jan 10, 2010 1:22pm
Man! That's the hardest working man in show business, the godfather of soul, JAMES BROWN!!! I feel good!!
  • #853
  • Jan 11, 2010 3:09pm Jan 11, 2010 3:09pm
Well, I knew this day would come. The whole reason I am able to consistently scalp the forex for 2%, 4% per day and more (or less) is because I am using steroids. Yep, inject em right into my brain. Rub a little bit on my mouse finger, too. And for that I am truly sorry.

P.S. I am not sorry.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #854
  • Jan 11, 2010 3:18pm Jan 11, 2010 3:18pm
but don't ... yet
Invincibility lies in the defence, the possibility of victory in the attack
  • #855
  • Jan 11, 2010 3:24pm Jan 11, 2010 3:24pm
Quoting silverheat
but don't ... yet
Say what?

Silverheat I think I am be coming to Switzerland to live for the summer. Is Lausanne nice? Can you get me a date with Heidi?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #856
  • Jan 11, 2010 3:42pm Jan 11, 2010 3:42pm
Quoting The Fool
Say what?

Silverheat I think I am be coming to Switzerland to live for the summer. Is Lausanne nice? Can you get me a date with Heidi?
yes lausanne is nice, but switzerland is very conservative & expensive, you can only drive 120 km/h on the highway for instance, so better chill in the mountains, graubünden, and party in paris, but if you want to stay in a city i recommend basel or zürich, overall the swiss is very small, you can get anywhere in a few hours (in the country, lol), small country, small cities, high density, zürich has a population of ~400K and is the largest city, if you like art, there's a lot of it, for partying i recommend other countries ... paris, vienna, prague, london
Invincibility lies in the defence, the possibility of victory in the attack
  • #857
  • Jan 11, 2010 3:51pm Jan 11, 2010 3:51pm
Thanks, buddy. Yes Prague will be an option. But I am going to be doing alot of yodeling and I'm not sure how that will go over there, the Chechs are so hip. I probably would not fit in.

Oh, f^ck, who am I kidding. I'll probably be living under a bridge and still trying to trade minilots from a computer in the public library....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #858
  • Jan 11, 2010 4:17pm Jan 11, 2010 4:17pm
Quoting The Fool
Oh, f^ck, who am I kidding. I'll probably be living under a bridge and still trying to trade minilots from a computer in the public library....
What one man can do, another can do.

one of my favorite quotes i often like to remember from the movie the edge before they are going to kill a bear, not because of the name or because the movie is so good, but because it gives a sentiment to the audience, that it is more powerful than it believes it is, that it can do better, here's another quote:

Most people who die in the woods die of shame.
Invincibility lies in the defence, the possibility of victory in the attack
  • #859
  • Jan 11, 2010 4:35pm Jan 11, 2010 4:35pm
Quoting The Fool
Thanks, buddy. Yes Prague will be an option. But I am going to be doing alot of yodeling and I'm not sure how that will go over there, the Chechs are so hip. I probably would not fit in.

Oh, f^ck, who am I kidding. I'll probably be living under a bridge and still trying to trade minilots from a computer in the public library....
I know the perfect bridge my man!
  • #860
  • Jan 11, 2010 4:40pm Jan 11, 2010 4:40pm
Quoting calderone
I know the perfect bridge my man!

How few pips would you need per month to support that life style ( the bridge and library ), sure sounds like a easy life, prefer a warmer country though for sleeping out side for ever more
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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