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  • #198,781
  • Feb 18, 2010 7:27pm Feb 18, 2010 7:27pm
So, where is Gator tonight? Drifting the streets or still at the dentist?
  • #198,782
  • Feb 18, 2010 7:30pm Feb 18, 2010 7:30pm
i beat your feb lol j/k. hey what is ur system called in fx book?

Quoting acumen
Sorry about the video.

New laptop... still fukin with the settings.

Either way... the content should be solid.

http://www.youtube.com/watch?v=LOBKzpTt6oM
Its all in the mind.
  • #198,783
  • Feb 18, 2010 7:31pm Feb 18, 2010 7:31pm
Quoting enterfx
So, where is Gator tonight? Drifting the streets or still at the dentist?
He's probably out havin some fun with a couple blondes half his age
  • #198,784
  • Feb 18, 2010 7:36pm Feb 18, 2010 7:36pm
Quoting 5abi
i beat your feb lol j/k. hey what is ur system called in fx book?
Did you beat the drawdown?

Good question... I don't think I've named it.

I'll look.

m
  • #198,785
  • Feb 18, 2010 7:36pm Feb 18, 2010 7:36pm
Harmonic pattern? Humm .... interesting.

Even though I was in the bear's camp since start and gotten some really good pips, but this price action really amazed me. The great fall actually happens so close to the end of US trading session which I guess this fall might happen only during the open of US session on Friday.

Can anybody suggest other possibility? This is very interesting indeed.


Quoting TheLastCoke
This is perfection, It doesn't get any better than this. No wonder why it is called harmonic pattern. It stoped right at 127.2% Fibo Ext. where 60% of the time there is a major reversal. I am not a bear nor a bull, I am just a trader taking this call. I am including this chart as a MT4 template so you could review it......(There is also a major fibo).
  • #198,786
  • Feb 18, 2010 7:36pm Feb 18, 2010 7:36pm
Interesting. A hidden SL EA for MT4. I will check it out. .
Quoting dean walker
If your going to use a stop loss you do not want your broker to see it. So your SL should be hidden. There are 2 eas attached here that will close all trades at the amount you put in negative or positive.
The first one is pip and the second one is pips. First one works by putting in a money amount , second one works by putting in the number of pips.
Enjoy
Dean
  • #198,787
  • Feb 18, 2010 7:36pm Feb 18, 2010 7:36pm
Hi 2+2

This is exactly what the EA I posted here are for.
You trade 1 trade per chart and load the ea on all your charts and you have your hidden SL.
Dean


Quoting 2+2=4ex
Now I know the whole it seems like "brokers go stop hunting story", but trust me with good r/r you will it it out of the park - make up for the stopped losses and then some. Try it.

Good luck.
  • #198,788
  • Feb 18, 2010 7:37pm Feb 18, 2010 7:37pm
Quoting enterfx
So, where is Gator tonight? Drifting the streets or still at the dentist?
i believe gator is a little under the weather trying to pass a kidney stone.
hang on to your bread......unless you want toast
  • #198,789
  • Feb 18, 2010 7:40pm Feb 18, 2010 7:40pm
No I did not hey your system is called February 2010, I book marked it. Keep track of fellow pivot traders.

Quoting acumen
Did you beat the drawdown?

Good question... I don't think I've named it.

I'll look.

m
Its all in the mind.
  • #198,790
  • Feb 18, 2010 7:40pm Feb 18, 2010 7:40pm
Acumen,

Glad your making good pips! I liked your video. I am not sure if i have your mst updated pivot indicator. I have the ###AutoPivot2. Is this the best one?

It has Daily, Weekly and Monthly pivots on it. Gatorinla was looking for one that the Monthly ones on it as well.

Could you send me the indicator you use or show me where to get the latest one?

Thanks
  • #198,791
  • Feb 18, 2010 7:40pm Feb 18, 2010 7:40pm
i am off, cu.
  • #198,792
  • Feb 18, 2010 7:44pm Feb 18, 2010 7:44pm
i just read the thread when the FED raised discount window, amd eur/usd drop to, 1,35

funny.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #198,793
  • Feb 18, 2010 7:44pm Feb 18, 2010 7:44pm
Quoting longshot_nl
Thank you for your concern about my situation.
First of all i have a job, i am a programmer for 4 hours/day and earn just fine.
My theory is that if you can get ritch with 2000 euro's you can get ritch with 200 euro's.
Until i have any money it will be a hobby.
I will swallow my losses for today and see my leftovers as my new starting point.

And there lies the problem. You approach this field we call forex with the mindset to get rich. Not only that but until you can do so, you treat it as a hobby.

1)Forex is a career. For those of us who are truly passionate about it, it is boring and dull, and we require some kind of entertainment while doing it to keep us watching the charts. It is not and will never be a hobby. A hobby is fishing or going to the strip club every friday night (lol just kidding).

2)Riches. We all want to get rich from it. I know I did. I still do. But I dont think about it anymore. Abolish the word "rich" from your mind. As long as that is your mindset, "fear" and "greed" will always be present. Fear of blowing your account by not managing your losses properly. "Greed" which leads to not taking profit when you should..always wanting more then you are given.

3)Forex is at least 80% psychological (95% in my case). If you are not in the right mindset to do it, then why do it in the first place. "To get rich" is not the right mindset. Ask yourself why do you truly want to pursue FOREX. Do you have the patience for it? Are you willing to go pip by pip, properly managed, even if it takes many years to achieve success? Does the idea of trading wherever whenever attract you? Are you willing to watch the charts until you recognize anything present better then the back of your hand? And the list of questions continues. It all ends with, are you meant to trade Forex?

Please don't take this post as an insult. Take it as a "been there, done that" post where I use my own experience in the hope that it will guide you on your path.
Different opinions highly valued, ignorant to slander.
  • #198,794
  • Feb 18, 2010 7:45pm Feb 18, 2010 7:45pm
I use this ..it is pretty good also helps do some back testing



Quoting IMARICH1
Acumen,

Glad your making good pips! I liked your video. I am not sure if i have your mst updated pivot indicator. I have the ###AutoPivot2. Is this the best one?

It has Daily, Weekly and Monthly pivots on it. Gatorinla was looking for one that the Monthly ones on it as well.

Could you send me the indicator you use or show me where to get the latest one?

Thanks
Attached File(s)
File Type: ex4 FXI Pivots.ex4   25 KB | 285 downloads
Its all in the mind.
  • #198,795
  • Feb 18, 2010 7:46pm Feb 18, 2010 7:46pm
Here a good on eI use it's the kind Peter bain uses.
Dean

Quoting IMARICH1
Acumen,

Glad your making good pips! I liked your video. I am not sure if i have your mst updated pivot indicator. I have the ###AutoPivot2. Is this the best one?

It has Daily, Weekly and Monthly pivots on it. Gatorinla was looking for one that the Monthly ones on it as well.

Could you send me the indicator you use or show me where to get the latest one?

Thanks
Attached File(s)
File Type: ex4 Pivots (Bain).ex4   21 KB | 267 downloads
  • #198,796
  • Feb 18, 2010 7:47pm Feb 18, 2010 7:47pm
Quoting psiholog
Now, totally different scenario. My last barrier of low capital was removed. I funded my account at the start of January with 1500 dollars and STILL have my day time job. Where am I now? 2034. Most of my trades where 50cents per pip if I felt really confident or 25cents per pip, half position (most of my trades where like this).
Thank you so much for posting this, it really puts things into perspective.. I'm doing crazy bets with my account right now to make back trades lost the past 2 days, below is my trade on EUR the past 2 days;

http://www.forexfactory.com/showthre...85#post3479085

I need to drastically lower my lot sizes while I refine my trading skils..
  • #198,797
  • Feb 18, 2010 7:52pm Feb 18, 2010 7:52pm
Coming Down Again
  • #198,798
  • Feb 18, 2010 7:52pm Feb 18, 2010 7:52pm
MM $1000 account should be 1-2%
So roughly if you have a 50 pip SL and use .05 lot for this balance you should be fine..
Dean


Quoting Sherry
Thank you so much for posting this, it really puts things into perspective.. I'm doing crazy bets with my account right now to make back trades lost the past 2 days, below is my trade on EUR the past 2 days;

http://www.forexfactory.com/showthre...85#post3479085

I need to drastically lower my lot sizes while I refine my trading skils..
  • #198,799
  • Feb 18, 2010 7:53pm Feb 18, 2010 7:53pm
short from 1.36

hit 1.348
1.3250
1.32
1.3050

enjoy
  • #198,800
  • Feb 18, 2010 7:54pm Feb 18, 2010 7:54pm
Okay lets get down to some business... I am going to post a trade set up I am currently eyeing. Here we have price smack in between two areas I believe to be decent entry points:

The first entry point is daily pivot area. (1)

if not, then

The second one is in the lower tendlines area. (2)


SL will be on other side of support(s) or resistance(s). TP at next area of s/r. Path of least resistance...

I personally like to play 2 lots with this type of set up. Take profit on one early at halfway, adjust sl to be +1 and then take 2nd lot at end target. See chart...
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