And... when you trade the kind of lot sizes that those guys do, you need to concentrate on your own trading. Writing posts takes a lot of time and time is money.
Cap
Trade what you see NOT what you expect
- #34,061
- Mar 31, 2011 9:19am Mar 31, 2011 9:19am
- Joined Oct 2009 | Status: Thank You eohater | 790 Posts
- #34,064
- Mar 31, 2011 3:15pm Mar 31, 2011 3:15pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
S/L moved to 1.4116
HOLLA
S/L moved to 1.4141
HOLLA
- #34,065
- Mar 31, 2011 6:19pm Mar 31, 2011 6:19pm
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
I thought EO traded micro lots, and last time I talked to Pippi he said he was still on a demo account hoping to go live soon..
Hi, my name is Barry and you can keep your doctor...
- #34,066
- Edited 11:23am Apr 1, 2011 11:00am | Edited 11:23am
I didn't know Pippi was on demo. Damn, I thought I was the only one doing that.
With that I too do most of my trading in a demo but swing at the fat pitches in the live accounts. As I become more proficient with different setup, they transition from demo only into live trades as well.
As I'm sure we all know, learning to trade can come via an expensive learning cure where we pay dearly while the market teaches us where our weaknesses are. Demo accounts can offer a good way to mitigate this cost of learning but as has been mentioned here before, does not fully represent the emotional aspect or the process of eliminating emotion that is only learned through live trading.
Another thing that I've noticed in this thread that I've come to appreciate is that the focus is not on making money, but more that of "pip harvesting". I believe that if you concentrate on effective pip harvesting, the money will follow.
Consistency separates luck from Skill
- #34,067
- Apr 2, 2011 2:50am Apr 2, 2011 2:50am
- | Joined May 2007 | Status: Trader | 4,716 Posts
One trader I studied under some time ago used the analogy of an athlete in that a football or baseball player spends more time in practice than the big game. With that he was an advocate of practice trading more than real trading to keep your live trades as sharp as possible.
With that I too do most of my trading in a demo but swing at the fat pitches in the live accounts. As I become more proficient with different setup, they transition from demo only into live trades as well.
As I'm sure we all know, learning to trade can come via an expensive...
Nothing wrong trading live with smaller lots to help you reduce the fear. Now your just waiting for the setup.
Here's what I see so far......:nerd:
Would love to see what happens in the 4180 area for the EU.......
On the pound, would like to see how the setup occurs around the 1hr 62ema.......
HOLLA
- #34,068
- Apr 2, 2011 8:43am Apr 2, 2011 8:43am
- | Joined Mar 2009 | Status: Trader | 2,768 Posts
I'm just trading micro lots on demo from my favorite island in the Abacos and trying to find the forex seminar. 
It's tough but somebody has to make sure the rum drinks are of the highest quality.
I have to go now....busy schedule today, charter fishing and more rum drinks are calling.
Cisco I think Mrs. R might be down here!
It's tough but somebody has to make sure the rum drinks are of the highest quality.
I have to go now....busy schedule today, charter fishing and more rum drinks are calling.
Cisco I think Mrs. R might be down here!
- #34,069
- Apr 2, 2011 10:30am Apr 2, 2011 10:30am
- | Joined Sep 2006 | Status: Trader | 2,228 Posts
Cisco I think Mrs. R might be down here!
I'm on my way!
Hi, my name is Barry and you can keep your doctor...
- #34,070
- Apr 2, 2011 11:17am Apr 2, 2011 11:17am
- | Joined May 2007 | Status: Trader | 4,716 Posts
WAASSSSUUUUPPPP Pippi.......
Glad to see life is treating you well, catch some fish and save some of that rum for me.
HOLLA
Glad to see life is treating you well, catch some fish and save some of that rum for me.
HOLLA
I'm just trading micro lots on demo from my favorite island in the Abacos and trying to find the forex seminar.
It's tough but somebody has to make sure the rum drinks are of the highest quality.
I have to go now....busy schedule today, charter fishing and more rum drinks are calling.
Cisco I think Mrs. R might be down here!
- #34,071
- Apr 3, 2011 9:05am Apr 3, 2011 9:05am
- Joined Jun 2008 | Status: Trader | 1,318 Posts
Please ask questions and share your experiences with us all!
- #34,072
- Apr 3, 2011 9:14am Apr 3, 2011 9:14am
- Joined Jun 2008 | Status: Trader | 1,318 Posts
Please ask questions and share your experiences with us all!
- #34,073
- Apr 3, 2011 11:05am Apr 3, 2011 11:05am
- Joined Jun 2008 | Status: Trader | 1,318 Posts
Please ask questions and share your experiences with us all!
- #34,075
- Apr 3, 2011 11:59am Apr 3, 2011 11:59am
- Joined Oct 2009 | Status: Thank You eohater | 790 Posts
I'm only posting this for learning purposes. Here is a girl I know, wearing only body paint. If you notice the resistance of the double tops, you will see that there is a similar thing playing out on EU right now.
I hope this makes it easier to understand
I hope this makes it easier to understand
Cap
- #34,076
- Apr 3, 2011 12:03pm Apr 3, 2011 12:03pm
- Joined Jun 2008 | Status: Trader | 1,318 Posts
Yo man, interesting analysis. Check this out. It's EU weekly. This massive TL would coincide with your thoughts about the dollar reversing. It's like a perfect storm - dollar back at all-time lows, and EU at massive resistance. Coincidences like this seem to happen far too often..
Can't wait to see how this plays out.
Please ask questions and share your experiences with us all!
- #34,077
- Apr 3, 2011 12:05pm Apr 3, 2011 12:05pm
- Joined Jun 2008 | Status: Trader | 1,318 Posts
I'm only posting this for learning purposes. Here is a girl I know, wearing only body paint. If you notice the resistance of the double tops, you will see that there is a similar thing playing out on EU right now.
I hope this makes it easier to understand
Please ask questions and share your experiences with us all!
- #34,078
- Apr 3, 2011 3:06pm Apr 3, 2011 3:06pm
- Joined Oct 2009 | Status: Thank You eohater | 790 Posts
Great chart on weekly! I had not even seen that. Looks like I will be looking for a good signal on 15m to be shorting eur/usd!!
Cap
- #34,080
- Apr 3, 2011 6:43pm Apr 3, 2011 6:43pm
Great chart on weekly! I had not even seen that. Looks like I will be looking for a good signal on 15m to be shorting eur/usd!!
I hope it won't be a severe movement down south, as I have a few soldiers marching north...
Either way, will be looking at PA to trade her for her movement
It's a dirty job but someone's gotta do it!