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  • #332,261
  • Nov 24, 2010 11:59am Nov 24, 2010 11:59am
Quoting egkid
Yeah first advice and Rule No 1
It will cost much If he didn't listen
How is ur day brother?

hey eg

its ok im down 40 pips on the day....i should have covered my short from the frankfurt open below 3300 but i fell asleep and it hit my stop at +30. I had two small losers on ej and aj that put me down....tonights london and frankfurt will probably be pretty choppy plenty of scalping ops....
  • #332,262
  • Nov 24, 2010 11:59am Nov 24, 2010 11:59am
I would like to see another rejection at the upper trend line then head down. That also makes most sense. That would validate the rejection and move down and would be consistent with the fundamentals at present.
  • #332,263
  • Nov 24, 2010 12:00pm Nov 24, 2010 12:00pm
Quoting gatorinla
me 2 ..its the first part of a nickname.

dear gaton, i would like to ask you about eurusd-eurchf correlation. do you have any monthly analysis for these pairs? i have short on eurchf (i am not trading on eurusd since it blew my account up many times before) since 3800, and recently i add more short at 3600. i kind of tired to trade intraday though i still have my time to look at the charts..thanks before.
  • #332,264
  • Nov 24, 2010 12:02pm Nov 24, 2010 12:02pm
the second half of November... the smooth line north is what an ideal equity curve should look like.

please ignore the middle section ...the big azz drawdown when dikhead Trichet was speaking.

either way... it was my fault...the draw down unacceptable because i was over leveraged. additionally... i wasn't paying attention to what was going on during the day. again... inexcusable and i paid for.

sure... it's been a profitable month but simple rules... like risk/trade could have made it much better.

live and learn.

stan
Attached Image (click to enlarge)
Click to Enlarge Name: equitycurve.png Size: 47 KB
  • #332,265
  • Nov 24, 2010 12:06pm Nov 24, 2010 12:06pm
Quoting cloggie
Yeah, we need a good war or a country defaulting or something. Maybe Luxembourg can invade Belgium, that will be good for 50 pips. And maybe the CFP can devalue so I can go have a look to see how they manage.
Cloggie, whats your call now?? Short at what level?/
Thanks in advance.
  • #332,266
  • Nov 24, 2010 12:06pm Nov 24, 2010 12:06pm
Quoting mfoste1
hey eg

its ok im down 40 pips on the day....i should have covered my short from the frankfurt open below 3300 but i fell asleep and it hit my stop at +30. I had two small losers on ej and aj that put me down....tonights london and frankfurt will probably be pretty choppy plenty of scalping ops....
Wish u all the green ++ bro
  • #332,267
  • Nov 24, 2010 12:07pm Nov 24, 2010 12:07pm
[quote=druckenmillr;4197142]the second half of November... the smooth line north is what an ideal equity curve should look like.

please ignore the middle section ...the big azz drawdown when dikhead Trichet was speaking.

either way... it was my fault...the draw down unacceptable because i was over leveraged. additionally... i wasn't paying attention to what was going on during the day. again... inexcusable and i paid for.

sure... it's been a profitable month but simple rules... like risk/trade could have made it much better.

live and learn.


What is your trading style? Are you mainly scalper or do you try to scalp with the intention of turning it into a much longer trade?
Know when to hold em, Know when to fold em!
  • #332,268
  • Nov 24, 2010 12:07pm Nov 24, 2010 12:07pm
Quoting behman8850
Cloggie, whats your call now?? Short at what level?/
Thanks in advance.

We are still heading down, haven't looked at where to though, am done trading no liquidity left till Monday. Will trade London am tomorrow and Friday for a bit.
  • #332,269
  • Nov 24, 2010 12:10pm Nov 24, 2010 12:10pm
Quoting druckenmillr
the second half of November... the smooth line north is what an ideal equity curve should look like.

please ignore the middle section ...the big azz drawdown when dikhead Trichet was speaking.

either way... it was my fault...the draw down unacceptable because i was over leveraged. additionally... i wasn't paying attention to what was going on during the day. again... inexcusable and i paid for.

sure... it's been a profitable month but simple rules... like risk/trade could have made it much better.

live and learn.

stan

I have a sma 14 , which time frame it should be looked into for best trading Sir??
Thanks.
  • #332,270
  • Nov 24, 2010 12:11pm Nov 24, 2010 12:11pm
Quoting cloggie
We are still heading down, haven't looked at where to though, am done trading no liquidity left till Monday. Will trade London am tomorrow and Friday for a bit.
Thanks buddy. Looking forward to follow your trade calls here.
  • #332,271
  • Nov 24, 2010 12:14pm Nov 24, 2010 12:14pm
[quote=goods;4197154]
Quoting druckenmillr
the second half of November... the smooth line north is what an ideal equity curve should look like.

please ignore the middle section ...the big azz drawdown when dikhead Trichet was speaking.

either way... it was my fault...the draw down unacceptable because i was over leveraged. additionally... i wasn't paying attention to what was going on during the day. again... inexcusable and i paid for.

sure... it's been a profitable month but simple rules... like risk/trade could have made it much better.

live and learn....
i like the term day trader... almost all of my trades go 15-20 pips.

some even 30 or 40.

i trade a retrace strategy and my target is never greater than 50 PIPS.

the approach is based on intra-day price movements.

stan
  • #332,272
  • Nov 24, 2010 12:14pm Nov 24, 2010 12:14pm
Quoting Amie_Senior
but u look like a guy !



have i met u b4 somewhere ?

Naipaul?
those who can, do. those who cant, talk about those who can
  • #332,273
  • Nov 24, 2010 12:17pm Nov 24, 2010 12:17pm
Quoting druckenmillr

i like the term day trader... almost all of my trades go 15-20 pips.

some even 30 or 40.

i trade a retrace strategy and my target is never greater than 50 PIPS.

the approach is based on intra-day price movements.

stan

Got ya, my next approach are 20 to 40 pip targets. How much drawdown do you allow for before you decide to cut a loss? I assume you use mental stops so no dirty broker tricks happen yea? Obviously this question is asked with a good setup in mind that you have patiently waited for.
Know when to hold em, Know when to fold em!
  • #332,274
  • Nov 24, 2010 12:18pm Nov 24, 2010 12:18pm
3370 acts like a resistance again
  • #332,275
  • Nov 24, 2010 12:19pm Nov 24, 2010 12:19pm
Quoting dokterriza
dear gaton, i would like to ask you about eurusd-eurchf correlation. do you have any monthly analysis for these pairs? i have short on eurchf (i am not trading on eurusd since it blew my account up many times before) since 3800, and recently i add more short at 3600. i kind of tired to trade intraday though i still have my time to look at the charts..thanks before.
#331425
those who can, do. those who cant, talk about those who can
  • #332,276
  • Nov 24, 2010 12:19pm Nov 24, 2010 12:19pm
Quoting behman8850
I have a sma 14 , which time frame it should be looked into for best trading Sir??
Thanks.
finding a mechanical system that fits your personality.

look at the successful traders here... different styles, timeframes, pairs, sessions... but there are some common rules.

leverage... stops... profit targets.. etc.

additionally... it takes time... so many here want to earn what a surgeon makes and yet they want to put in the time it takes to become a ditch digger.

what's your "trading personality" type?

are you a day trader?

stan
  • #332,277
  • Nov 24, 2010 12:20pm Nov 24, 2010 12:20pm
I C Some here had a Multiple Personalities so

Inserted Video
  • #332,278
  • Nov 24, 2010 12:25pm Nov 24, 2010 12:25pm
Quoting goods
Got ya, my next approach are 20 to 40 pip targets. How much drawdown do you allow for before you decide to cut a loss? I assume you use mental stops so no dirty broker tricks happen yea? Obviously this question is asked with a good setup in mind that you have patiently waited for.
when i'm down 40 pips i'm out... i was wrong.

on my equity curve the draw down occurred because i had too many lots on the table... over leveraged... i still closed down those trades at 50.

that's my nemesis... patience. i want to be constantly in the game... that's counter to successful day trading.

stan
  • #332,279
  • Nov 24, 2010 12:26pm Nov 24, 2010 12:26pm
3304 are looks probable soon,,, void over 3373..
those who can, do. those who cant, talk about those who can
  • #332,280
  • Nov 24, 2010 12:26pm Nov 24, 2010 12:26pm
Quoting gatorinla
Naipaul?
lollllllllllllllllllllll
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