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  • #435,781
  • May 4, 2011 10:34pm May 4, 2011 10:34pm
Quoting Venice
Your last statement basically got it. It's really nothing more than a line that is around the averaged ATR.

More of a helper then anything, but when trending we consistently stay above or below it.

If I really wanted too, I could make an entire strategy out of it. heh heh.
i repeat my statement venice " the great trader"

thanks for sharing
AVT INVENIAM VIAM AVT FACIAM
  • #435,782
  • May 4, 2011 10:40pm May 4, 2011 10:40pm
Inserted Video
  • #435,783
  • May 4, 2011 10:40pm May 4, 2011 10:40pm
Quoting the redlion
thanks... and in turn i have respect for you. as in your calls trading it seems you know what youre doing, maybe i can learn from you maybe you can learn from me.
Thanks - Im learning from you already... Im getting to the point now where Im seeing what i need to see and my calls and analysis are getting pretty good but I can still be impulsive as my entries necessitate getting in right on bounces with little room to move.... No means a guru yet, but as youve said, there are many ways to skin this cat and everyone is looking at and for different things and different kinds of trades, so whats valid for one isnt for another.

Hopefully we all stand on each others soldiers and get freaking RICCCHHHHHHHH
  • #435,784
  • May 4, 2011 10:47pm May 4, 2011 10:47pm
Handle broke...up...long for 4880.
  • #435,785
  • May 4, 2011 10:52pm May 4, 2011 10:52pm
Quoting Jazznos
Thanks - Im learning from you already... Im getting to the point now where Im seeing what i need to see and my calls and analysis are getting pretty good but I can still be impulsive as my entries necessitate getting in right on bounces with little room to move.... No means a guru yet, but as youve said, there are many ways to skin this cat and everyone is looking at and for different things and different kinds of trades, so whats valid for one isnt for another.

Hopefully we all stand on each others soldiers and get freaking RICCCHHHHHHHH
very true!!!

now i find timing essential but challenging to achieve, you know about the cat business.

you dont have to go all in at once.

you can divide your entry capital in many different ways
example:
when i'm sure i go the timing correct i go 5 lots in and look to add in 3 different and equal ways 5+5+5= 15 lots, but if the move changes mid point before my additions 5 lots gives me good profit.

if im trying to take advantage of a big move and catching falling knives i use the fibo 12358 attack sequence

and sometimes to ancor my 5 initial lots i use 1+2+2=5 lots take advantage of the average price.

or i might use a rubbberband snap effect but its risky

5+5+10=20 lots on a corrective wave as price is falling in abull market and when price goes back to its trend direction all my underwater positions begin to show profit, as price exhaust i scale back and reduce exposure.

in other words learn to use your entries and account money as a strategy of its own.
AVT INVENIAM VIAM AVT FACIAM
  • #435,786
  • May 4, 2011 10:54pm May 4, 2011 10:54pm
More of a lurker / reader, you know children should be seen and not heard, lets see what happens when a child speaks.

long 1.4872
  • #435,787
  • May 4, 2011 10:59pm May 4, 2011 10:59pm
also i sometimes use rescue operations to take my scout out of the market in the green. or my initial position out of the market i can rescue by averaging down and taking advantage of corrective waves.


but this is very tricky and can bite you in the ass if not careful

lets say i go 5 lots in and my analisis was fundamentally screwed. so im looking at a position that never return to the mean and im 100 pips underwater, yet i am not willing to take the loss.

i can squiggly my way out by carrying rescue operations on corrective waves add 15 lots as the waves losses momentum decrease by 15 lots, get ready for the next attack, get out of the market at break even.

of course the risk of blowing your account by snowballing in a bad direction and not being able to recognise when you are defeated, is high if you dont know yourself. but if you master this.

you trade with 0 risk of loss and just worry about your profits.

im still trying to master this,
AVT INVENIAM VIAM AVT FACIAM
  • #435,788
  • May 4, 2011 11:00pm May 4, 2011 11:00pm
Quoting SunTrader
Not not at all. I totally understand why it has moved but the problem I see and what has caused the exchange to step in is the speed of the move.

And yes I have seen similar circumstances before regarding margin increases, namely in reference to my main bread and butter - index futures.

Not to the same extent but then S&P and Dow haven't had the same parabolic sky's the limit type move that Silver has had.
So, the CME decides...you know what? $50 is too much for an ounce of silver...we better reign this in a little? Even though it is nowhere near its historical worth when compared to gold, by ratio? Why not increase margins on gold at the same rate then...or quicker, to get the historical ratio in check?

I just find the whole thing odd...and it feels like external powers are at work, too. If it broke $50...it would have went nuts! JPM holds 30k ounces of physical silver...30k ounces! That is ridiculous. If they are as naked short as many claim, they would have been in a world of hurt if it broke $50 and accelerated. Being TBTF...who else would have been in a world of hurt? Enough people that it wouldn't surprise me if a few people picked up the phone and said...DO something...anything!

At the end of the day...it will be worth what its worth. I made a nice stack on the way up...closed out a bunch just short of $50, because I was fairly certain it would be a strong reaction zone. I made many withdrawals along the way and converted to physical, too. I don't care if price returns to $4...I'll still be up. I'm just kind of fascinated by the whole thing.
  • #435,789
  • May 4, 2011 11:01pm May 4, 2011 11:01pm
scalp l 4858 tp 20 pips will close with a candle on m5
  • #435,790
  • May 4, 2011 11:02pm May 4, 2011 11:02pm
Silver played havoc on euro yesterday ; since JP Morgan was in red over their silver shorts ; they decided to press the government to cut margins for other traders and silver fell sharply helping JP Morgan bail out.

F*** JP Morgan and their tricks.
  • #435,791
  • May 4, 2011 11:10pm May 4, 2011 11:10pm
please let me know if im not making my self clear, i dont want to confuse anybody.

the whole point here is not only do we have to strategically survey the market and have strategic entry and exit, plus a good strategy, good feel of price and psychology. but we could actually use the money in our account as a strategy in itself.

calculating pips per lot, potential p/l according to entry and support areas,
using averaging of positions, scaling in, scaling out, minimizing exposure, pressing attacks, liquidating dead in the water position and so on.

your account balance is another tool in your arsenal. a lot of people dont know this but simply cutting losses short and letting profits run is not enough.
a loss is not only demoralizing, but its detrimental to your account.
it takes more money to recover from a loss, so -5 and +5 is actually not the same. you would still be underwater

%Loss intial capital % profit required to Recover
5----------------------5.3
10----------------------11.1
15----------------------17.6
20-----------------------25
25----------------------33.3
30----------------------42.9
35----------------------53.8
40----------------------66.7
45----------------------81.8
50----------------------100
55----------------------122
60----------------------150
65----------------------186
70-----------------------233
75------------------300
80------------------400
85------------------567
90------------------900
AVT INVENIAM VIAM AVT FACIAM
  • #435,792
  • May 4, 2011 11:15pm May 4, 2011 11:15pm
[quote=the redlion;4594286]please let me know if im not making my self clear, i dont want to confuse anybody.


Crystal clear and painfully true....
  • #435,793
  • May 4, 2011 11:17pm May 4, 2011 11:17pm
Quoting kenfen69
So, the CME decides...you know what? $50 is too much for an ounce of silver..........
I said it once or twice already. It is not the price that matters, it is the speed at which its is getting there that matters to the exchange.

And don't believe everything you read about JPM. That's all I'll say about that.
  • #435,794
  • May 4, 2011 11:21pm May 4, 2011 11:21pm
Quoting SunTrader
I said it once or twice already. It is not the price that matters, it is the speed at which its is getting there that matters to the exchange.

And don't believe everything you read about JPM. That's all I'll say about that.
Duly noted....both points.

Enjoyed the exchange.

All the best.
  • #435,795
  • May 4, 2011 11:24pm May 4, 2011 11:24pm
Within about 20 pips now of what would have been the top of the recent (last 7 days) trading range.

Over that time Asia tended to be the bears on this range and London / US the bulls.

Tight stops if playing in either direction....or at least vigilance.....with last nights break up from previous range highs, patterns may not persist.

Still bullish for long term trading EURUSD, although it is somewhat of a cripple fight with both currencies dealing off terrible debt and poor fundamentals. Lots of USD news and some EUR news tonight...

Interesting times.
  • #435,796
  • May 4, 2011 11:25pm May 4, 2011 11:25pm
Quoting Pipwanderer
scalp l 4858 tp 20 pips will close with a candle on m5
closed for 10 pips
  • #435,797
  • May 4, 2011 11:26pm May 4, 2011 11:26pm
close long 24 pips, re entered 58,
and leaving for a while.
  • #435,798
  • May 4, 2011 11:28pm May 4, 2011 11:28pm
Quoting Dan.B
Would you pleas be courteous enough to post in English. Everyone else is.

Thank You.
Thursday (5) Sub City trading, the euro / dollar remain high and volatile, market analysts said the euro / dollar at 1.4850/65 point of sell orders to limit the exchange rate gains.
He said, up from 1.4850 began about 5:00 ie for every 200 million euros sell orders, sell orders for the total amount of about 8 billion euros.
AUD / USD also refreshed the day's low, it is learned that the exchange rate in a large number of stops below 1.0670.
11:43 GMT, the euro / dollar reported 1.4850/53


IMHO,

most profits has been taken last friday, before the weekend. Looks like supply is adding up currently.
  • #435,799
  • May 4, 2011 11:31pm May 4, 2011 11:31pm
Thanks again Redlion for all that... Not sure Im following but i dont use any of those kinds of averaging strategies when i trade. I was never taught it but i did read stuff saying to NEVER average down (or something like that) ages ago, so it warned me off all of it... That being said it may be something i need to look into. Trade management Im still pretty much of a newbie in so a lot more to develop and know.

For those who havent seen it this MM article is the best Ive read: http://www.fxstreet.com/education/fo...ng/2008/01/08/

It talks about that issue you mentioned re recovering from a loss and how much more it subsequently takes. My problem now is my losses are always the same 2% unless i bail early, but my wins may be partial closes etc, so they have to be absolutely maximised in order to come out ahead, which im still struggling with at this stage...
  • #435,800
  • May 4, 2011 11:34pm May 4, 2011 11:34pm
morning everyone looking to go long this morning on the eurusd
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