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The Random Entry

  • #1
  • First Post: Edited 11:03pm May 29, 2011 7:47pm | Edited 11:03pm
Firstly only post in this thread if you have read and understand this entire post. (remind others of this as well if they act out...)

After some thought I have decided I am going to push my skills as a trader to the edge.

I want you.. yes you or anyone else who comes to this thread to select my entries for me.. you pick the currency.. the time.. and the direction I have to trade and I will attempt to make it a profitable live trade.

The rules will be as follows...

1. You may select from any of the MAJOR currency pairs

2. You may select any time between 8am - 12pm (NY open to London Close) EST(this is the hours I will most likely be able to consistently trade at) HOLIDAYS DO NOT COUNT
example "short any currency between 9:40-10" or "exactly at 9am Short gbp/usd" etc.

3. You select the direction.. 2 options duh.. Long or Short..

4. YOU MAY AND SHOULD GET CREATIVE (you can also leave things up to me like let me decide to short or long it.. or which pair etc..)

5. you are only selecting ENTRIES (Risk Management is my job here)

6. All trades I make will be random.. I will try to select random people each time who they themselves have chosen random conditions will figure out the selection process as we go along.. you guys can nominate someone etc.. suggestions welcome...

7. it will be demo trades but I will attempt to make good trades.. I'm not going to hop in and out for half a pip etc.. I'll try to get large % returns with moderate risk.. I will treat them like real trades (day trades and slightly scalper style)




Got it.. k were good to go.. just DONT EXPECT ME TO TRADE A MILLION RANDOM ENTRIES PER DAY!!!!


PS: These will be live trades.. I'll post shortly after my entry and shortly after exit.. maybe youtube? let me know I want it to be honest.. I may pull off the amazing.. I may fail.. I have confidence but only time will tell


FORMAT: when you make a suggestion format like this

1. (currency) (Remember Majors)
2. (time frame) (Remember 8am - 12pm EST that means NY open to London Close)
3. (long or short) (Remember you can leave this blank to see my "Skillz" )

4. Comments: (for you creative people)



------



Thanks for your support and hatred,
NY
  • #2
  • May 29, 2011 7:47pm May 29, 2011 7:47pm
First poster who qualifies to the rules i will trade this tuesday
  • #3
  • Edited 8:52pm May 29, 2011 8:24pm | Edited 8:52pm
I imagine every day have a trade where someone chooses just pair and time

would be interesting so I can at least call the trade direction

example "eur/usd 10:23am on the dot direction your call"


also interesting would be something like "between 9-10am short the gpd/usd"

and then I have to select best time to short..


  • #4
  • May 29, 2011 9:05pm May 29, 2011 9:05pm
Quoting newyear498
Firstly only post in this thread if you have read and understand this entire post. (remind others of this as well if they act out...)
You should learn to follow your own advice.


FORMAT: when you make a suggestion format like this

1. EURUSD
2. 0800 hrs EST (30 May 11)
3. Long

4. None
  • #5
  • May 29, 2011 9:14pm May 29, 2011 9:14pm
Short USDJPY on Friday June 3rd 8:29:59 am EST
  • #6
  • May 29, 2011 9:19pm May 29, 2011 9:19pm
Quoting seagreen
Short USDJPY on Friday June 3rd 8:29:59 am EST

I thought he said, one per day, or one at a time, or not too many at one time.

Two at once may be a bit much, I think.
  • #7
  • Edited 9:49pm May 29, 2011 9:19pm | Edited 9:49pm
The nice thing is that the thread focuses more on study variety and on trades, and less on chatting and power struggles. It is similar to an interactive trading thread, though.

IMHO:
Since you loosened the rule from entry only to (symbol and) time only, why not allow TP/SL and reason for each? Entry-only without reason is more an egotistic blind shot, especially if one happens to get into a sideways market and it doesn't even matter about direction of entry.
In fact, I'd say it'd be cool if someone produced multiple TP/SL's as a series of trades, as long as they weren't (retail) scalps.
It'd still be random, in a way, since everyone uses different methodologies.

You can also simply replace one choice of the thread with this (symbol list) and this (time of day) site.

Anyway, good luck. Sounds interesting.
  • #8
  • May 29, 2011 10:08pm May 29, 2011 10:08pm
Quoting JetTrader
You should learn to follow your own advice.


FORMAT: when you make a suggestion format like this

1. EURUSD
2. 0800 hrs EST (30 May 11)
3. Long

4. None
coming from the guy who lists unqualified trade ROFL
  • #9
  • May 29, 2011 10:14pm May 29, 2011 10:14pm
Quoting seagreen
Short USDJPY on Friday June 3rd 8:29:59 am EST
Ok I'll try to keep in mind

and I still need a trade for may 31 / tuesday


Jet trader trade is unqualified
  • #10
  • May 29, 2011 10:24pm May 29, 2011 10:24pm
Quoting ha-pattern
The nice thing is that the thread focuses more on study variety and on trades, and less on chatting and power struggles. It is similar to an interactive trading thread, though.

IMHO:
Since you loosened the rule from entry only to (symbol and) time only, why not allow TP/SL and reason for each? Entry-only without reason is more an egotistic blind shot, especially if one happens to get into a sideways market and it doesn't even matter about direction of entry.
In fact, I'd say it'd be cool if someone produced multiple TP/SL's as a series...
hey thanks for your suggestion.. I may take some similar trades to what you mention in the future theirs certainly no reason not to explore these

I have a general idea of basically exploiting post trade decisions so that may explain most of my reasoning for this thread



Thanks,
NY
  • #11
  • Edited 11:10pm May 29, 2011 10:26pm | Edited 11:10pm
Quoting newyear498
coming from the guy who lists unqualified trade ROFL
Hey JetTrader

Can we both just drop it BTW.. I tried to say in your thread I'd stop bothering you etc.. but now you've come to my thread and its honestly like you cannot drop this.. I don't want to egg you on.. and I don't want to keep hearing smart comments like "You should learn to follow your own advice."

I'm not going to deal with this grudge bullshit, you don't seem to understand that I don't care your apparently smarter than me and the best trader since god.. (not to mention you suggested a trade for Monday.. not only do I say no holiday's.. but it clearly shows you were expecting a normal trading day on Monday.. who are you bull shiting here besides yourself.. I'm no expert here but neither are you...

What do you want from me? honestly why would you come to my thread to prolong what you have said is bullshit nonsence etc... and you specifically say I'm ignorant arrogant and have a huge ego etc etc..

Really looks that way doesn't it.. I'm just too stupid to realize your always right aye!?!

drop it.. jeez its like I'm talking to a little child... "NO.. "NO NO"
  • #12
  • May 29, 2011 10:29pm May 29, 2011 10:29pm
1. Gbp/Jpy
2. 0800 GMT 5/31/11
3. Long

4. Good luck, it'll be interesting to see how you beat volatility. Keep your losses to a minimum.
  • #13
  • May 29, 2011 10:49pm May 29, 2011 10:49pm
Quoting EmeraldEyes
1. Gbp/Jpy
2. 0800 GMT 5/31/11
3. Long

4. Good luck, it'll be interesting to see how you beat volatility. Keep your losses to a minimum.
What times does GMT come out to.. I need between 8am - 12 pm EST

sorry if misunderstanding I think yours comes out to 3am EST

please confirm

Thanks
  • #14
  • May 29, 2011 10:56pm May 29, 2011 10:56pm
Quoting newyear498
What times does GMT come out to.. I need between 8am - 12 pm EST

sorry if misunderstanding I think yours comes out to 3am EST

please confirm

Thanks
sorry abt that. Yes its 3am EST. How about 5/31 12 noon EST then.
  • #15
  • May 29, 2011 11:01pm May 29, 2011 11:01pm
Quoting EmeraldEyes
sorry abt that. Yes its 3am EST. How about 5/31 12 noon EST then.
great perfect this will be my first trade then!

Thanks.. and appreciate your good luck I'll need it.. I know there gonna troll me harder than a brick when I lose and when I win.. probably just give me BS about how it continue to go up or something ROFL

this will be fun

First trade

1. Gbp/Jpy
2. 12 noon EST 5/31/11
3. Long

4. Good luck, it'll be interesting to see how you beat volatility. Keep your losses to a minimum.
  • #16
  • May 29, 2011 11:12pm May 29, 2011 11:12pm
Quoting newyear498
coming from the guy who lists unqualified trade ROFL
ROFL, is right!

It is perfectly "qualified," but I'm going to let you figure out why, however.

Go read your own first post, geepers. If you can't even understand what you wrote, how on earth can you possibly know enough to trade it. When the light bulb goes off, you can claim that you were just not in the mood to trade EURUSD.
  • #17
  • May 29, 2011 11:12pm May 29, 2011 11:12pm
Will you be sharing your method of placing stops when taking these trades?
  • #18
  • May 29, 2011 11:16pm May 29, 2011 11:16pm
Quoting JetTrader
ROFL, is right!

It is perfectly "qualified," but I'm going to let you figure out why, however.

Go read your own first post, geepers. If you can't even understand what you wrote, how on earth can you possibly know enough to trade it. When the light bulb goes off, you can claim that you were just not in the mood to trade EURUSD.
explain to me how its qualified when I specifically mentioned no holiday's..

Quoting JetTrader
You should learn to follow your own advice.


FORMAT: when you make a suggestion format like this

1. EURUSD
2. 0800 hrs EST (30 May 11)
3. Long

4. None

you honestly believe Monday is a regular trading day dont you.. why am I so stupid and your so smart?

you can stop pretending you are a better trader than everyone else
  • #19
  • May 29, 2011 11:21pm May 29, 2011 11:21pm
Quoting EmeraldEyes
Will you be sharing your method of placing stops when taking these trades?
umm.. it may be difficult to give accurate updates of the stops.. I use oanda and will post the historical trade which will probably be a bunch of boxes everywhere and kinda confusing

I am will make every effort to trade like its the real deal.. I'll even get upset if I lose a large position LOL

I probably will be in trade from 5 minutes if there bad to a couple hours if they go as plan


maybe we can keep a historical record of all my trades and see in the long run how they all add up together so one or two loses is not worthless trades but seen for the risk management aspect
  • #20
  • May 29, 2011 11:21pm May 29, 2011 11:21pm
Quoting newyear498
Hey JetTrader

Can we both just drop it BTW.. I tried to say in your thread I'd stop bothering you etc.. but now you've come to my thread and its honestly like you cannot drop this..
You can't be serious, can you. After you entered my thread with your repetitive nonsense, you all of a sudden want "drop things" and get to the business of trading, but you claim that your own format, which was merely echoed right back to with a EURUSD, is somehow not qualified, as if nobody reading your thread has any eye balls of their own.

If I've seen your kind (clueless) on the net in trading communities a thousand times over the years, I've seen them a million times before over the same time-frame. Now, cut the pedantic behavior and try to act your age for once. I assume that's old enough to at the very least hold a drivers license.

You asked for the trade and you got one: 30 May 11, at 0800 hrs EST, Long on EURUSD. That's what you formatted - that's what you got. Go re-read the title of your thread and do it with some intellectual honesty in the process.
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