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  • #190,481
  • Feb 4, 2010 11:47pm Feb 4, 2010 11:47pm
Quoting defariak
agreed.
although trading a demo is nothing like trading live.
once youre live its a different ball game heh
yep, had my demo from $1000 to $2500 in a couple of days... live I'm so very careful, it nearly hurts.
  • #190,482
  • Edited Feb 5, 2010 12:23am Feb 4, 2010 11:48pm | Edited Feb 5, 2010 12:23am
Quoting Quickiepip
ak4x you don't run from volitility you run to it... how else are you going to catch any pips???

turning off the computer is not the answer..LOL even for a noob...
Are you actually replying to me personally or offering another perspective on things to the noob sounding trader I was replying to about "putting pending orders in on both sides" of what is possibly going to be a very volatile NFP...?

I'll stand by my post and Guarantee him that he won't lose a Single pip if he's flat. If he wants to trade demo or watch and take notes then that's fine too but my reply was about Staying in the Game... not chasing pips during one of the most volatile events on the calendar.

Speaking personally, I'm not trading thru NFP. Period. I've done it in the past, made some, lost some, and now I very rarely even trade Friday's at all... works for me.

How I pinch my pips otherwise can be somewhat inferred from my posts like this one from earlier today and the ones following... 2 shorts from the previous day and an add-on all closed for some decent pipage, another one still running and nicely into profit.

Like I said, I'm Done and planning a weekend with mrs ak...
FUBAR...
  • #190,483
  • Feb 4, 2010 11:50pm Feb 4, 2010 11:50pm
Morning to all . how everybody doing ?
start the day with charts . As eu have enough fall & suspicion arises if reached the bottom & taking gold as the signal which first time below the daily trendline & still holding below, neligible attempts to back so far.It retraces a little from top also while eu over 100% fib of the last wave (5) & 50% fib ( the whole last wave up) ,only below 38.2% fib 5th wave & 23.6% fib whole wave . so much more to fall in gold than thought to have good retracements at least 50% of the wave 5 can be forst target 1046 around.

so taking signal overall bearish again to continue & action ,shorts open.
fontu
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #190,484
  • Feb 4, 2010 11:53pm Feb 4, 2010 11:53pm
Quoting smokemachine
Last night I placed sell stop and it did not work like it should, I had a little chat with them and they said that they will check database and return the lost amount if it was they`r failure! But yes I will wait probably for a new 5M candle to open and than place an order! thanks!
I think you were a victim of slippage last night. It's highly unlikely they'll refund you your money.

I wrote you a nice little poem theorizing what might have happened, check post 189384.

I hope you're not thinking of doing that again!
  • #190,485
  • Feb 4, 2010 11:55pm Feb 4, 2010 11:55pm
See you tomorrow, folks. I'm taking off, eh.
Si vis pacem, para bellum.
  • #190,486
  • Feb 5, 2010 12:03am Feb 5, 2010 12:03am
Quoting dil
What point ?
chart working
  • #190,487
  • Feb 5, 2010 12:03am Feb 5, 2010 12:03am
Good morning, Good morning,
Good morning to you.
Good morning to you,
I am glad to see you.

Nice trading!
  • #190,488
  • Feb 5, 2010 12:03am Feb 5, 2010 12:03am
Quoting defariak
My win to loss ratio is 9 wins to every 10 trades, so ill loose 1 out of 10 usually.
I scalp though mostly so I have to have a high win to loss ratio.
Its not about win to losses though its about your account balance.
Swing traders can have 6 wins andf 4 losses and still be profitable because of their risk reward ratio while scalpers need a much higher percentage since they risk more.
So yeah its all about risk and $'s not about wins vs losses.
BTW hatch this wasnt directed at you but at who you were replying to heh)

90% ....mmm wtf you doing in here then ... you should be focused trading your trillion dollar account. Or better yet trading Soros account for him
Blogging daily now at www.volume.zone
  • #190,489
  • Feb 5, 2010 12:07am Feb 5, 2010 12:07am
Quoting malcolmb14
90% ....mmm wtf you doing in here then ... you should be focused trading your trillion dollar account. Or better yet trading Soros account for him
Wasup malc yeah theres one guy here who saying he makin 2500 pips a day
  • #190,490
  • Feb 5, 2010 12:08am Feb 5, 2010 12:08am
Quoting malcolmb14
90% ....mmm wtf you doing in here then ... you should be focused trading your trillion dollar account. Or better yet trading Soros account for him
That's not unrealistic for a scalper. I have better than 90% win ratio, but for me one loser is usually a lot bigger than a win.
  • #190,491
  • Feb 5, 2010 12:09am Feb 5, 2010 12:09am
Quoting malcolmb14
indicators are lagging ... and in some market they do not work

try telling gold bulls on $30 drop that their rsi was oversold and to buy ... many may have lost a good part of their account

volume is not linked to fundies in anyway ...trust me i trade using vsa 100 %

when all were saying how great things were and how bearish the usd was I could clearly see dx being accumulated and positioned myself for sells in gu and eu off the tops.... go back into my postingos of middle of last year and then in october on this.
Don't use BS to 1 up me.
  • #190,492
  • Feb 5, 2010 12:10am Feb 5, 2010 12:10am
Quoting dil
Wasup malc yeah theres one guy here who saying he makin 2500 pips a day

2500 pip as in 250 lots x 10 pip ?

there is always one . those that brag they make this n that are the ones losing the most.

10 % on account per month is really good , hell even breaking even you are beating 85% of traders. Those are the real stats
Blogging daily now at www.volume.zone
  • #190,493
  • Feb 5, 2010 12:16am Feb 5, 2010 12:16am
Quoting Code4Capital
Don't use BS to 1 up me.
not bs you or trying to one up you ..

just stating from my experience when a market decides to drop like this best to wait for a real reversal day before trying to take a long just cause a lagging indie that says market is oversold says so ..but what ever works for you , yeah i may miss 100 pip of move but better to do that than lose 5 x 30 pip trade trying to catch bottom



.
Blogging daily now at www.volume.zone
  • #190,494
  • Feb 5, 2010 12:19am Feb 5, 2010 12:19am
Quoting malcolmb14
90% ....mmm wtf you doing in here then ... you should be focused trading your trillion dollar account. Or better yet trading Soros account for him
Dont condescend me.
Go back and read my post again, Im a scalper, I scalp anywhere from .5 pips to 7 pips, and rarely ever more than 7, my average is 3.5 pips per scalp.
If you cant average at least 80% as a scalper then you dont need to be scalping.
So yes I have a 90% win to loss ratio which isnt out of the norm for decent scalpers which I consider myself to be.
So please save your belittling comments for someone else.
Here ya go, a chart so you can count my 90%, 20 winning trades to 2 losses in a few hours on the eur/jpy today.
So anyhow, good luck in your trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot Studio capture #35.jpg Size: 114 KB
Im a zombie.. "Rawr"
  • #190,495
  • Feb 5, 2010 12:22am Feb 5, 2010 12:22am
Quoting Protogenos
That's not unrealistic for a scalper. I have better than 90% win ratio, but for me one loser is usually a lot bigger than a win.
Exactly.
I personally work on a 1:1 risk reward ratio, so therefore need to have a higher win percentage to be profitable. Sometimes my ratio is even 2:1 risk reward which is opposite of most peoples 1:2 ratio.
Im a zombie.. "Rawr"
  • #190,496
  • Feb 5, 2010 12:27am Feb 5, 2010 12:27am
Quoting defariak
Dont condescend me.
Go back and read my post again, Im a scalper, I scalp anywhere from .5 pips to 7 pips, and rarely ever more than 7, my average is 3.5 pips per scalp.
If you cant average at least 80% as a scalper then you dont need to be scalping.
So yes I have a 90% win to loss ratio which isnt out of the norm for decent scalpers which I consider myself to be.
So please save your belittling comments for someone else.
Here ya go, a chart so you can count my 90%, 20 winning trades to 2 losses in a few hours on the eur/jpy today.
So anyhow, good...
all that for 23 pips ?

I am also a day trader .... all you really need do is find a good trend , nice tight stop ( your 1st trade on move up was awesome) , trail the stop and one trade 50 pip , you are done for day .
Blogging daily now at www.volume.zone
  • #190,497
  • Feb 5, 2010 12:31am Feb 5, 2010 12:31am
Quoting fxpipper
I think you were a victim of slippage last night. It's highly unlikely they'll refund you your money.

I wrote you a nice little poem theorizing what might have happened, check post 189384.

I hope you're not thinking of doing that again!

do not like slippage trade cme currency futures .... centralized not crocks like fx .. also eu round trip 2.6 pip including comission

they even have eu emini now which requires less margin
Blogging daily now at www.volume.zone
  • #190,498
  • Feb 5, 2010 12:33am Feb 5, 2010 12:33am
Quoting malcolmb14
all that for 23 pips ?

I am also a day trader .... all you really need do is find a good trend , nice tight stop ( your 1st trade on move up was awesome) , trail the stop and one trade 50 pip , you are done for day .
if I knew whether the trend is continued or it retraced by 100-150 pips, I would do that. of course, you are right... scalping is not the preferred way of trading, but to be honest I'm learning quite a lot from it.
  • #190,499
  • Feb 5, 2010 12:35am Feb 5, 2010 12:35am
Quoting malcolmb14
all that for 23 pips ?

I am also a day trader .... all you really need do is find a good trend , nice tight stop ( your 1st trade on move up was awesome) , trail the stop and one trade 50 pip , you are done for day .
I totalled net of 50.8 pips on the eur/jpy trades I did earlier.
I am a true scalper, in trades for usually less than a minute per trade with very tight stops, usually 6-8 pip stops.
So yes I did all that for 50.8 pips but when youre trading 10 100k lots each pip I make is 100$ not 10$ So its more than worth it for me.
As for doing the whole 50 pip trailing stop thing, thats not a bad idea, but with my trading style its not plausable because 50 pips is 5k, so if I have a 50 pip stop and it moves against me thats going to hurt majorly. Just not worth it with my trading style.
To each there own tho.
Beautiful thing about forex, you can trade it a gazillion different ways
Im a zombie.. "Rawr"
  • #190,500
  • Feb 5, 2010 12:36am Feb 5, 2010 12:36am
Quoting malcolmb14
2500 pip as in 250 lots x 10 pip ?

there is always one . those that brag they make this n that are the ones losing the most.

10 % on account per month is really good , hell even breaking even you are beating 85% of traders. Those are the real stats
Easy to take & more easy to loose due unstoppable greed will eventually develop.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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