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Let's be Honest

  • #81
  • Nov 11, 2010 11:13am Nov 11, 2010 11:13am
Let's be Honest, the market is a stupid entity.
The only enemy when trading is you, master yourself and you will make tons of profit with just a chart with macd indicator.
Unluckly the more you understand the real truth, the hard become to put it in words, but with time (don't giving up) everybody can become a successful trader.
My 2 cents
  • #82
  • Nov 11, 2010 11:16am Nov 11, 2010 11:16am
Quoting CindyXXXX
Opinions... The beauty is I can have my own
me too

no matter... more important things to waste time on.

looks like trading's done until Asia.

have a good one!
  • #83
  • Nov 11, 2010 11:18am Nov 11, 2010 11:18am
Quoting Fudomyo
me too

no matter... more important things to waste time on.

looks like trading's done until Asia.

have a good one!
Dam straight... You too man Thanks again for your posts in here. You obviously have some experience and wisdom to share.

Aprreciate it
Time hides Nothing
  • #84
  • Nov 11, 2010 11:21am Nov 11, 2010 11:21am
Quoting Craig
..... But for inspiration I suggest reading this thread http://www.elitetrader.com/vb/showth...hreadid=187730,
Thanks for that Craig, I'm enjoying the read.

@ Cindy,

I'm having my own little "come clean" moment as well, a little honesty clears the mind. I hate my vouches and admire the people who gave them to me. I'm no fcking trader yet.
  • #85
  • Nov 11, 2010 3:21pm Nov 11, 2010 3:21pm
Quoting CindyXXXX


If I were one of you guys listening to this shit I would prob post

"Cindyxxxx you talk and talk and talk but Ive never seen you post a live chart... You're a fking hypocryte and you know no better than the rest of us"
Well it wouldn't stop there, you'd get hey do you have an EA we can have? How do you do this? How do you do that? What indy's are you using? What time frame?

Hold my hand and make some money for me too... I'm your homie don't forget me K? LOL.

Yeah we come here to spend time with people who share the same frustrations... get in a few arguments with noobs who think they are God's gift to the FX world. But then we stumble onto a thread like this and say... wow there are some decent pips in here after all.

Ok everybody hold hands and sing Coom-By-Ah.
  • #86
  • Nov 12, 2010 1:05am Nov 12, 2010 1:05am
Quoting CindyXXXX
HAHA its easy to speak in riddles but in an honesty thread Im just not buying
It's no riddle to say we live in a world full of manipulation and clashing agendas. Most people their little games, often to the detriment of others.
  • #87
  • Nov 12, 2010 5:00am Nov 12, 2010 5:00am
i'm waiting on people to 'be honest' and admit their use of tick charts is bullshit. in my newbishness i can not fathom, in the slightest, how a tick chart can be used to aid making profit. perhaps this is because i'm on a pipette broker so i'm seeing increased bs anyway, so i can't see how a tick chart that requires around 10 to 20 ticks to get to breakeven is useful in any shape or form.

mumble mumble.
Congratulations ScalaFX for coming out of the closet!
  • #88
  • Nov 12, 2010 5:18am Nov 12, 2010 5:18am
Actually "tick charts" are something different. They're basically normal bar/candle charts except they use a set number of "ticks" to move to the next bar instead of a time period.

I see what you mean though, and I have no problem with normal charts (pipettes or not, same price = same results), time-based of course, because I need to see how "fast" in time a movement happened/is happening, an information that is not embedded in things like tick/volume charts and stuff like renko charts. These show price movement but not the speed/momentum (in time), time based charts show price movement AND momentum.
  • #89
  • Nov 12, 2010 5:19am Nov 12, 2010 5:19am
Quoting nubcake
i'm waiting on people to 'be honest' and admit their use of tick charts is bullshit. in my newbishness i can not fathom, in the slightest, how a tick chart can be used to aid making profit. perhaps this is because i'm on a pipette broker so i'm seeing increased bs anyway, so i can't see how a tick chart that requires around 10 to 20 ticks to get to breakeven is useful in any shape or form.

mumble mumble.


Well I have a big account, so I pay around 1pip spread on Gbp/Usd and 0.7pip spread on Eur/Usd. So I have no problem with spreads.

Tick trading is a whole different ball game... but I can tell you it is no bullshit. To me there is no difference from a tick and a daily chart. Tick simply moves very very very.... very fast.

Attached Image (click to enlarge)
Click to Enlarge Name: ticks.png Size: 29 KB

  • #90
  • Nov 12, 2010 5:32am Nov 12, 2010 5:32am
Quoting CrucialPoint


Well I have a big account, so I pay around 1pip spread on Gbp/Usd and 0.7pip spread on Eur/Usd. So I have no problem with spreads.

Tick trading is a whole different ball game... but I can tell you it is no bullshit. To me there is no difference from a tick and a daily chart. Tick simply moves very very very.... very fast.

Attachment

to be a fly on the wall as you trade...

i've watched plenty of tick charts. i find them to be slow. i find all trading to be slow, and boring.

when i hear self-confessed 'hourly / daily / eternity' traders saying how 1 minute charts are 'too fast' it makes my bowels creak a little.

honesty : i do not see, nor understand, why anyone considers any timeframes to be fast. grass grows quicker than a bar on a 1min chart.

maybe i'm just impatient (or someone is slipping speed into my food).
Congratulations ScalaFX for coming out of the closet!
  • #91
  • Nov 12, 2010 7:41am Nov 12, 2010 7:41am
Quoting nubcake
to be a fly Ion the wall as you trade...

i've watched plenty of tick charts. i find them to be slow. i find all trading to be slow, and boring.

when i hear self-confessed 'hourly / daily / eternity' traders saying how 1 minute charts are 'too fast' it makes my bowels creak a little.

honesty : i do not see, nor understand, why anyone considers any timeframes to be fast.
Some people don't like staring at a screen all day. And skilled, aggressive swing trading can achieve silly returns anyway.
  • #92
  • Nov 12, 2010 7:54am Nov 12, 2010 7:54am
Quoting Mr J
Some people don't like staring at a screen all day. And skilled, aggressive swing trading can achieve silly returns anyway.
until they finally don't and disappear with their tail between their legs finally proven wrong.
Congratulations ScalaFX for coming out of the closet!
  • #93
  • Nov 12, 2010 8:02am Nov 12, 2010 8:02am
Quoting nubcake
i find them to be slow. i find all trading to be slow, and boring.
lol very true.

It's probably the reason I come here.
  • #94
  • Nov 12, 2010 8:05am Nov 12, 2010 8:05am
Quoting Marv
lol very true.

It's probably the reason I come here.
dude, this IS the reason i come here. else i'd be on xbox live enjoying my time lol
Congratulations ScalaFX for coming out of the closet!
  • #95
  • Nov 12, 2010 9:35am Nov 12, 2010 9:35am
honest : my greed, habit, and general dumbfuckery just screwed me out of almost all of the tiny profit i managed to carve out of the market tonight in one hit. previous to that the only loss i had taken tonight had been from a dumb habit i recognized as soon as i had opened the order. without those 2 dumbshit moves i would be all profit trades. some habits are hard to break.
Congratulations ScalaFX for coming out of the closet!
  • #96
  • Nov 12, 2010 9:48am Nov 12, 2010 9:48am
Quoting nubcake
honest : my greed, habit, and general dumbfuckery just screwed me out of almost all of the tiny profit i managed to carve out of the market tonight in one hit. previous to that the only loss i had taken tonight had been from a dumb habit i recognized as soon as i had opened the order. without those 2 dumbshit moves i would be all profit trades. some habits are hard to break.
You've got some nubsauce on your nubcake.
“Nothing great in the world has ever been accomplished without passion.”
  • #97
  • Nov 12, 2010 10:04am Nov 12, 2010 10:04am
Quoting Deevz
You've got some nubsauce on your nubcake.
no way. it's the other way around.
Congratulations ScalaFX for coming out of the closet!
  • #98
  • Nov 12, 2010 10:41am Nov 12, 2010 10:41am
Quoting nubcake
no way. it's the other way around.
Don't think so, go revisit the nubterminology.
“Nothing great in the world has ever been accomplished without passion.”
  • #99
  • Nov 12, 2010 9:12pm Nov 12, 2010 9:12pm
Quoting nubcake
until they finally don't and disappear with their tail between their legs finally proven wrong.
Any trader that doesn't allow for being "wrong" is a fool. A skilled trader can afford to be relatively aggressive, because their edge justifies it. We can't really adequately judge aggression by risk amount anyway, as a great trader risking 5% may be trading more conservatively than a marginal trader risking 1%.
  • #100
  • Nov 13, 2010 11:12am Nov 13, 2010 11:12am
Quoting Mr J
We can't really adequately judge aggression by risk amount .
Great insight, aggressive trading decisions can take many forms. Tight stops, in some cases, can be aggressive. On the other hand, wide stops could be considered aggressive given the right context. Aggression could come in the form of large position size, or it could come in entry location. It could be not waiting for "confirmation" of direction, and it could also be demonstrated by someone taking yet another trade after a profitable day.
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