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  • #412,381
  • Mar 23, 2011 7:55pm Mar 23, 2011 7:55pm
Looking like a doji and or spinning top on hourly close unless something exciting happens...
  • #412,382
  • Mar 23, 2011 7:55pm Mar 23, 2011 7:55pm
Quoting Larseg
I find Forex harder in many ways much because of the stuff I said in an earlier post which you responded to with "huh?"
Coming from the world of stocks into forex, I would have to agree, there is a great degree of difference and difficultly between the 2...

That being said, I have a better technical understanding of markets through my workings in the forex, and now that I have rekindled a romance with the world of stocks, I can say that it is easier to go from forex back to stocks then making the transition from stocks to forex.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #412,383
  • Mar 23, 2011 7:56pm Mar 23, 2011 7:56pm
wanna see a few stops cascade for a decent long entry, I'll give it 10 more mins, then bed...
  • #412,384
  • Mar 23, 2011 7:56pm Mar 23, 2011 7:56pm
Quoting OldQuant
That's the central difference, isn't it?

"Rates," whether 'interest' or 'exchange' are mean reverting because they are tied to levels that keeps commerce flowing; if they deviate too much, that causes macro disruptions that tend to move them back to the "proper" general levels.

Stocks, on the other hand, are bound only by ultimate size of the company's markets for their products, and their profitability.

That is a big distinction, causing big differences in both PA and predictability of moves over longer TFs.
I found it interesting... a few years back. I was chatting with two different fellows. One from the stock world, and one from the forex world. Neither of them quite understood PA in the respective counter worlds but had been hacking at it for a year or so.

The guy trying forex... said, screw this. This stuff is not predictable at all. I'd have better profitability by flipping a coin. I'm heading back to stocks where price makes sense and it oscillates. It's impossible to be consistent making profits in forex.

The guy trying stocks... said, this price movement is unreal!! Nothing makes any sense. The only way to trade stocks are through fundamental analysis. I'm heading back to forex where price makes sense and it oscillates nicely. It's impossible to consistently make money in stocks.

I got quite the chuckle out of that.
  • #412,385
  • Mar 23, 2011 7:57pm Mar 23, 2011 7:57pm
Quoting OldQuant
That's the central difference, isn't it?

"Rates," whether 'interest' or 'exchange' are mean reverting because they are tied to levels that keeps commerce flowing; if they deviate too much, that causes macro disruptions that tend to move them back to the "proper" general levels.

Stocks, on the other hand, are bound only by ultimate size of the company's markets for their products, and their profitability.

That is a big distinction, causing big differences in both PA and predictability of moves over longer TFs.
The Thief of Wall Street
  • #412,386
  • Mar 23, 2011 7:57pm Mar 23, 2011 7:57pm
Quoting fldash
Thanks man. Yea, I always try to gage in pips/day and per/week as everything is based on that.

Micro account and Normal account are two different thinking psychology.
  • #412,387
  • Mar 23, 2011 7:58pm Mar 23, 2011 7:58pm
Quoting aarontdang
Micro account and Normal account are two different thinking psychology.
Only if you set yourself up for that. That is what Magix was trying to iterate. Pips are always pips, when you look at it that way.
  • #412,388
  • Mar 23, 2011 8:00pm Mar 23, 2011 8:00pm
Quoting gatorinla
below mofu

http://www.youtube.com/watch?v=YkfJ3zMIlO0
how do you define the mofu area again? (higher/lower bounds)
  • #412,389
  • Mar 23, 2011 8:00pm Mar 23, 2011 8:00pm
Quoting aarontdang
Micro account and Normal account are two different thinking psychology.
Not if you apply your rules and stick to them every single time you trade. The psychology is what you make of it, which is why I will never trade a demo. If I blow out my micro, I reload it, and it's no big deal; just the same as going out to the bar.
  • #412,390
  • Mar 23, 2011 8:01pm Mar 23, 2011 8:01pm
Quoting Venice
Only if you set yourself up for that. That is what Magix was trying to iterate. Pips are always pips, when you look at it that way.
i don't think it matters. you can have a 500K account and still lose with a 1 lot trade. it's all about your pain tolerance. if a 1K dollars means a lot for you, you will not be able to withstand the draw downs, losing trades etc. that's what i'm saying.
  • #412,391
  • Mar 23, 2011 8:02pm Mar 23, 2011 8:02pm
Quoting Venice
Only if you set yourself up for that. That is what Magix was trying to iterate. Pips are always pips, when you look at it that way.
Unless .....its automated .... otherwise if you manually trade ...
PIPS is not always PIPS...
  • #412,392
  • Mar 23, 2011 8:04pm Mar 23, 2011 8:04pm
Quoting Venice
Especially when you start using higher leverage'ed lots. You will make your stomach turn several times over if you are thinking about the amount of cash you are making/losing.
One of the fellas I started working with this year has his goal set in mind.

He knows what he wants to do with the money he turns, and is starting off with a micro account. Taking his consistent 10 pips per day and watching his account grow.

Once he has decided that he can maintain this, he will continually increase his lot size based on his comfort level until he reaches his inevitable goal...

Fuck...I wish I was that smart when I started!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #412,393
  • Mar 23, 2011 8:05pm Mar 23, 2011 8:05pm
Quoting attila
i don't think it matters. you can have a 500K account and still lose with a 1 lot trade. it's all about your pain tolerance.
I do agree with this statement as well. I'm just an agreeable fellow I guess haha.

But yes, I think you will find that the bigger the account size you have, the less you risk percent wise of the account on each trade.

All these micro and small standard accounts get blown up from people trying to take 100 dollars to a million in a month.

Is it possible? Sure, if you are flawless, never have draw down, sold entries and targets.

Then again... i've yet to meet someone who is of these criteria.
  • #412,394
  • Mar 23, 2011 8:07pm Mar 23, 2011 8:07pm
Gah, price is always so jerky in forex.
  • #412,395
  • Mar 23, 2011 8:08pm Mar 23, 2011 8:08pm
If I blow up my account making $.10 / pip trades, something very bad happened.

Quoting Venice
I do agree with this statement as well. I'm just an agreeable fellow I guess haha.

But yes, I think you will find that the bigger the account size you have, the less you risk percent wise of the account on each trade.

All these micro and small standard accounts get blown up from people trying to take 100 dollars to a million in a month.

Is it possible? Sure, if you are flawless, never have draw down, sold entries and targets.

Then again... i've yet to meet someone who is of these criteria.
  • #412,396
  • Mar 23, 2011 8:09pm Mar 23, 2011 8:09pm
Quoting fldash
If I blow up my account making $.10 / pip trades, something very bad happened.

Yes, clearly some reevaluating needs to be done.
  • #412,397
  • Mar 23, 2011 8:09pm Mar 23, 2011 8:09pm
Quoting Venice
I found it interesting... a few years back. I was chatting with two different fellows. One from the stock world, and one from the forex world. Neither of them quite understood PA in the respective counter worlds but had been hacking at it for a year or so.

.............

I got quite the chuckle out of that.
Exactly a market is a market is a market.
  • #412,398
  • Mar 23, 2011 8:10pm Mar 23, 2011 8:10pm
Quoting attila
how do you define the mofu area again? (higher/lower bounds)
a mid area between points. we had a support at 3980 ish we went to 4250 ish.... the mid between points is the mofu.. my charts differs a little cause pa suggest we will go lower beyond 3980.. the respect at levels confirms it.. the pair wants to go lower. that don't mean it will. but calfs keep getting slaughtered. pa suggested a long process. i mentioned this because the #s were so close. either we go slow or capitulate when we get some space for a run and start.
those who can, do. those who cant, talk about those who can
  • #412,399
  • Mar 23, 2011 8:11pm Mar 23, 2011 8:11pm
Quoting fldash
If I blow up my account making $.10 / pip trades, something very bad happened.
and that would be Inconsistency
The Thief of Wall Street
  • #412,400
  • Mar 23, 2011 8:12pm Mar 23, 2011 8:12pm
Quoting gatorinla
a mid area between points. we had a support at 3980 ish we went to 4250 ish.... the mid between points is the mofu.. my charts differs a little cause pa suggest we will go lower beyond 3980.. the respect at levels confirms it.. the pair wants to go lower. that don't mean it will. but calfs keep getting slaughtered. pa suggested a long process. i mentioned this because the #s were so close. either we go slow or capitulate when we get some space for a run and start.
thanks gator.
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