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  • #321,101
  • Nov 8, 2010 8:07am Nov 8, 2010 8:07am
Quoting druckenmillr
it's like car sales... everyone has a friend in the business and everyone gets a great deal when they buy.

so... let's put the 20 PIPS nonsense to rest....

unless of course you are 'one of your mates' has some proof.

stan
i have just marked today on the calendar. i set the following 2 rules for the next 1000 trading-days for me, with a reminder in 4 years.
1. 20 pips is 20 pips, so if a day gives me 100 pips, target achieved. but the other 80 pips mustn't be counted for the next 4 days.
2. if i loose the first trade, i will have to make 40 pips to achieve the goal and so on. in the end of the day, my account has to be 20 pips richer than it was before i started the day.

let's see what happens. i'm not talking position size or anything else, just trading as usual.
  • #321,102
  • Nov 8, 2010 8:08am Nov 8, 2010 8:08am
and here it goes 10 clean pips half
SL added after 5 pips .
I SEE YOU !!
  • #321,103
  • Nov 8, 2010 8:09am Nov 8, 2010 8:09am
Quoting malcolmb14
This kind of a dumb statement to be honest .

It is well known that traders use 200 ma and 50 ma as s/r areas. .. so if he removed the 200 off his charts of course price would still have been supported as he was not the only one trading that area in the market.
Old news, I know, but I thought I had to say something. I am trying to avoid FF, but I'm not doing a good job of it... lol

I don't see it as a dumb statement. Redsword11 is correct when he states that the institutions work mainly of price action using supply/demand, not much else. It is the retailers who use MAs and other technical indicators. This is what I have been told by someone who worked at the Chicago Mercentile Exchange for many years. It so happens to hit the 200ma because demand or supply was found there. Just my two cents.
  • #321,104
  • Nov 8, 2010 8:11am Nov 8, 2010 8:11am
Quoting redsword11
Attachment



eu PA

at resistance. up or down or wait for confirmation?
  • #321,105
  • Nov 8, 2010 8:13am Nov 8, 2010 8:13am
Quoting bbakker
Old news, I know, but I thought I had to say something. I am trying to avoid FF, but I'm not doing a good job of it... lol

I don't see it as a dumb statement. Redsword11 is correct when he states that the institutions work mainly of price action using supply/demand, not much else. It is the retailers who use MAs and other technical indicators. This is what I have been told by someone who worked at the Chicago Mercentile Exchange for many years. It so happens to hit the 200ma because demand or supply was found there. Just my two cents.
You are 100% correct ...indicators and MAs are tools for those that can't read PRICE. By the time your INDI tells you to BUY, price has already gone up LOADS of pips...who do you think is BUYING there and who do you think is SELLING?
  • #321,106
  • Nov 8, 2010 8:13am Nov 8, 2010 8:13am
Quoting bbakker
Old news, I know, but I thought I had to say something. I am trying to avoid FF, but I'm not doing a good job of it... lol

I don't see it as a dumb statement. Redsword11 is correct when he states that the institutions work mainly of price action using supply/demand, not much else. It is the retailers who use MAs and other technical indicators. This is what I have been told by someone who worked at the Chicago Mercentile Exchange for many years. It so happens to hit the 200ma because demand or supply was found there. Just my two cents.
i can tell you this is inaccurate.

i work closely with some very large banks and hedge funds and they use technical analysis.

stan
  • #321,107
  • Nov 8, 2010 8:14am Nov 8, 2010 8:14am
I like the way you analyze your charts. Excellent work. 2 Thumbs up.

sisse

Quoting redsword11
Attachment



eu PA
Pending conversations? PM for a chat...I am mainly in OTM now
  • #321,108
  • Nov 8, 2010 8:14am Nov 8, 2010 8:14am
Quoting Srikanth
Just added [email protected] with target 1 at 1.3810 and target 2 at 1.3775
SL at 1.3985

I hope this trade really pays me.
  • #321,109
  • Nov 8, 2010 8:14am Nov 8, 2010 8:14am
will it be same pattern ?

up again little bit , lower high then down new low then sideways ?

just to bore us to death no more .
I SEE YOU !!
  • #321,110
  • Nov 8, 2010 8:15am Nov 8, 2010 8:15am
Quoting Mr Hatch
i have just marked today on the calendar. i set the following 2 rules for the next 1000 trading-days for me, with a reminder in 4 years.
1. 20 pips is 20 pips, so if a day gives me 100 pips, target achieved. but the other 80 pips mustn't be counted for the next 4 days.
2. if i loose the first trade, i will have to make 40 pips to achieve the goal and so on. in the end of the day, my account has to be 20 pips richer than it was before i started the day.

let's see what happens. i'm not talking position size or anything else, just trading as usual....
the Forbes list is waiting for you.

stan
  • #321,111
  • Nov 8, 2010 8:16am Nov 8, 2010 8:16am
Quoting malcolmb14
ok lets do it .. next week .... to busy this week

wanna do it us session ? live on go to webinar?

think you know it all ? this will be fun


l have apologized, l have nothing to prove


l did challenge you but it actually wasn't the right thing to do



with regret


Red
  • #321,112
  • Nov 8, 2010 8:16am Nov 8, 2010 8:16am
I think you can call 3940/45 pretty important now....
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.gif Size: 14 KB
Look Sharp/Trade Tight
  • #321,113
  • Nov 8, 2010 8:16am Nov 8, 2010 8:16am
Quoting druckenmillr
the Forbes list is waiting for you.

stan
hehe, we'll see in about a week. ;-)
  • #321,114
  • Nov 8, 2010 8:17am Nov 8, 2010 8:17am
Quoting PayTheLimit
I think you can call 3940/45 pretty important now....
What's so important about it? Wait until the hour closes...
  • #321,115
  • Nov 8, 2010 8:18am Nov 8, 2010 8:18am
Quoting KumoDragon
Do you have a linked article about him you could share. I'd like to read up on a trader that successful.
At Centaurus, Arnold returned, some say, 240% a year between 2002 and 2006, besting many of his hedge fund peers while remaining largely anonymous. He maintained this shroud of secrecy until 2006 when, outmaneuvering rival trader Brian Hunter of Amaranth, he took the winning side of the risky trade that sealed Amaranth's demise.

http://www.forbes.com/2010/03/16/bil...es-arnold.html
  • #321,116
  • Nov 8, 2010 8:18am Nov 8, 2010 8:18am
Quoting nebuman213
What's so important about it? Wait until the hour closes...
15min close only, its a 15min chart....
Look Sharp/Trade Tight
  • #321,117
  • Nov 8, 2010 8:19am Nov 8, 2010 8:19am
Hi H,

been doing that too.

a couple of things tend to happen to me and not follow that plan. for instance, if i do the 20 early in the morning i don't see why i should keep trading sometimes reverting those +20 to -something.

also when the day starts bad i keep trading to get to the +20 and if the day doesn't go well i can increase my losses trying (too) hard to get to the objective.

still i think objectives are good as in any other business. and yes, we would be on forbes list in a couple of years if we just did 20 pips a day with 2 or 3% risk per trade.

green pips

Quoting Mr Hatch
i have just marked today on the calendar. i set the following 2 rules for the next 1000 trading-days for me, with a reminder in 4 years.
1. 20 pips is 20 pips, so if a day gives me 100 pips, target achieved. but the other 80 pips mustn't be counted for the next 4 days.
2. if i loose the first trade, i will have to make 40 pips to achieve the goal and so on. in the end of the day, my account has to be 20 pips richer than it was before i started the day.

let's see what happens. i'm not talking position size or anything else, just trading as usual....
dreams do come true.
  • #321,118
  • Nov 8, 2010 8:19am Nov 8, 2010 8:19am
Quoting nebuman213
What's so important about it? Wait until the hour closes...
Not even that long...LONG
  • #321,119
  • Nov 8, 2010 8:20am Nov 8, 2010 8:20am
Quoting yuan83
at resistance. up or down or wait for confirmation?

notice - further bullish enguilfing in process - but prices on the left are a real mess


there will be much better entries than this one
  • #321,120
  • Nov 8, 2010 8:21am Nov 8, 2010 8:21am
Quoting redsword11
notice - further bullish enguilfing in process - but prices on the left are a real mess


there will be much better entries than this one

Attached Image (click to enlarge)
Click to Enlarge Name: eu tech.jpg Size: 71 KB
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