squeezy, go to main forum page of section you want to start a thread, right hand corner is is a drop down: forum tools; select post new thread
- #502
- Mar 24, 2011 4:38pm Mar 24, 2011 4:38pm
Nice trade, did you have inside news on the CME margin increase?......
That's a sizeable winner right there!
squeezy, go to main forum page of section you want to start a thread, right hand corner is is a drop down: forum tools; select post new thread
going to ponder on whether i shld still open one
cheers
Simplicity is the key to success
- #503
- Mar 24, 2011 8:13pm Mar 24, 2011 8:13pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
now this is one of my fav plays,
u cld call it catching a falling knife/ top picking/whatever ...... smiled hard when yen moved down hard across the board & rushed back up last wk ...... trading isnt difficult people,
- #504
- Mar 24, 2011 8:19pm Mar 24, 2011 8:19pm
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
. trading isnt difficult people,
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #505
- Mar 25, 2011 12:14am Mar 25, 2011 12:14am
when yen moved, fortunes were made and lost within minutes...
You make it look so easy squeezy. Haha! I still can't the see the forest for the trees.
stick/listen to people who r doing it right .... rac branched out from the big guy hope u dont mind me using u as an example rac
)its all time, effort, dedication (how bad do u want it shld b proportionally direct to how much time one will put in)
i decided to blow my acc instead of trying to grow it (changed my thinking from the crowd). y try to grow it when itll end up getting blown....reverse the thought processing & it just might start growing (really fast too)
now what are the things that can occur, look @ the options ..... ull be mentally sound, not afraid, not surprised, be able to work on errors easily cos ull spot them easily & readjust (u must be working on the same style/method/system btw to improve it & not system hopping).
from ur options u can start eliminating to boil it down .... told a friend when u backtest, do u also find out if there was news, crisis somewhere in the world or whatever, reduce ur thinking & u can only keep simplyfing ur method.
another friend used to complain to me, yo! squeezy whenever i sell price runs up & vice versa, told him when he thinks of selling he shld buy.... havnt heard from him in a while so dnt think he took my crazy advice.
if u ever find urself stuck in the mud, dnt panic (only leads to confusion), but rather write a list of options of try them one by one.
the dude who finally invented the bulb said once that he hasnt failed but discovered 10,000 ways its not going to work.... continued & boom SUCCESS.
sorry not directed @ anyone, well maybe @ myself ....
cheers
Simplicity is the key to success
- #506
- Edited 4:57pm Mar 28, 2011 11:08am | Edited 4:57pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
you can say that again Rac
but it is really after uve spotted things beneath the naked eyes, those people e.g. Rac that are doing well dnt have 2 heads ( thats what my dad used to say to me whenever I brought my reportcard home from sch, lol )
rac branched out from the big guy hope u dont mind me using u as an example rac
rom ur options u can start eliminating to boil it down .... told a friend when u backtest, do u also find out if there was news, crisis somewhere in the world or whatever, reduce ur thinking & u can only keep simplyfing ur method.
.
.
- #507
- Edited 2:41pm Mar 28, 2011 11:16am | Edited 2:41pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
another friend used to complain to me, yo! squeezy whenever i sell price runs up & vice versa, told him when he thinks of selling he shld buy.... havnt heard from him in a while so dnt think he took my crazy advice.
what will happen when he finally starts making money?
Trading is not for everyone, period. Only the strongest MINDS will survive (hint, hint).
Tell him to save up enough money and get a good mentor (don't mention me, I'm not interested), or at least start with a simple trading plan.
Here's a simple example of partial plan ... posted weekly plan yesterday, started executing today.
1. double bottom - check
2. price near support - check
3. ok price action - check
4. in a long trade
5. Kaboom.. (price rewarded us for a good plan)
6. and so on, and so forth.... and so on, and......
7. what happens next? who cares..
Simple? It can be..
- #508
- Mar 28, 2011 4:04pm Mar 28, 2011 4:04pm
I may have only one had but have 4 pair of eyes...
we're still good friends...
I don't backtest... I was told many years ago that only losers do it. Why would I want to copy 90% of traders...(hint, hint)... That was back then, now I only forward test...
.
cant remember when last I backtested, always blived in getting down and dirty fwdtesting...that way i put my emotions into it ...... best way to proove something works imho
Im sure u r still good friends, just giving an example of thinking outside the box / been adventurous .... thats what u did, took a step fwd from the basic PA @ s/r & turned it into ur own style. same with a lot of traders I/we know
Simplicity is the key to success
- #509
- Mar 28, 2011 4:13pm Mar 28, 2011 4:13pm
Indeed crazy advice...
what will happen when he finally starts making money?
Trading is not for everyone, period. Only the strongest MINDS will survive (hint, hint).
Tell him to save up enough money and get a good mentor (don't mention me, I'm not interested), or at least start with a simple trading plan.
Here's a simple example of partial plan ... posted weekly plan yesterday, started executing today.
1. double bottom - check
2. price near support - check
3. ok price action - check
4. in a long trade
5. Kaboom.. (price rewarded us for a good...
one of rac's kaboom coming up, 50/61 fib + tl + ppz confluence ....
..... 1.385 first stop then final tp for me at 1.405
Simplicity is the key to success
- #510
- Mar 28, 2011 5:03pm Mar 28, 2011 5:03pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
a little bird told me that tl wont hold
.
- #511
- Mar 29, 2011 12:36am Mar 29, 2011 12:36am
Get a new bird.. It still does for now
.
was about to go strangle the person who sold it to me .......lol
Simplicity is the key to success
- #512
- Mar 29, 2011 1:30am Mar 29, 2011 1:30am
- Joined Apr 2009 | Status: Trader | 2,891 Posts
Get a new bird.. It still does for now
.
.
its a new bird Rac, was talking about eaud with the broken 4h tl, some wld have put orders there cos of the confluence and gotten burnt ( but looking closely, i knew it wasnt going to hold) ..... check above post.
was about to go strangle the person who sold it to me .......lol
- #514
- Mar 29, 2011 2:53pm Mar 29, 2011 2:53pm
Hey mate can you tell me how you knew that tl wont hold cuz i got burnt lol
it was gut feeling, mixed with the direction of the trend.... trend was heavily down/tanking on the 1h/4h tfs, was expecting another push down before a pullback (even if it wld be a short one).
Simplicity is the key to success
- #515
- Mar 29, 2011 5:46pm Mar 29, 2011 5:46pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
its a new bird Rac, was talking about eaud with the broken 4h tl, some wld have put orders there cos of the confluence and gotten burnt ( but looking closely, i knew it wasnt going to hold) ..... check above post.
was about to go strangle the person who sold it to me .......lol
I saw an euro chart and thought you were referring to it.
Anyways, you might want to tell your friend to keep an eye on that TL as well.
As water keeps on dripping on the rock, it will eventually 'drill' a hole in it
hasta la vista..
rac
- #516
- Mar 29, 2011 7:41pm Mar 29, 2011 7:41pm
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
We could get a new high above 1.4247 but it will not happen before we test 1.4 again. For that matter, if price moves below 1.4 by very much, I'm inclined to think that the last high of 1.4247 is a spot that will get smaller and smaller in the rearview mirror over the coming weeks.
K.I.S.S.
K.I.S.S.
- #517
- Mar 29, 2011 8:20pm Mar 29, 2011 8:20pm
- Joined Nov 2007 | Status: Conscious Incompetence | 3,274 Posts
We could get a new high above 1.4247 but it will not happen before we test 1.4 again. For that matter, if price moves below 1.4 by very much, I'm inclined to think that the last high of 1.4247 is a spot that will get smaller and smaller in the rearview mirror over the coming weeks.
K.I.S.S.
Don't wish it were easier, wish you were better. ~ Jim Rohn
- #518
- Mar 29, 2011 8:55pm Mar 29, 2011 8:55pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
We could get a new high above 1.4247 but it will not happen before we test 1.4 again. For that matter, if price moves below 1.4 by very much, I'm inclined to think that the last high of 1.4247 is a spot that will get smaller and smaller in the rearview mirror over the coming weeks.
K.I.S.S.
We could..
..and Euro will lose its biggest supporter - Mrs. Merkel or Merkel will lose Germany..
- #519
- Mar 30, 2011 4:32am Mar 30, 2011 4:32am
- Joined Feb 2009 | Status: Borderline yahoo & oh-no! | 6,607 Posts
- #520
- Mar 30, 2011 6:57am Mar 30, 2011 6:57am
- Joined Jan 2008 | Status: In Fibonacci We Trust | 2,397 Posts
hello Roger, do u have a timeframe for this?
i see the opposite possibility: revisit/breach 1.42 area first.
having said that, if 1.4030 - 1.4050 area breaks convincingly (if it wants to, i think it should do so very soon), i see the possibility of 1.38xx - 1.40 visit.
K.I.S.S.