On-site guru & also FF member's' psychiatrist, when not drinking tea
- #15,401
- Jun 24, 2011 9:39am Jun 24, 2011 9:39am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #15,402
- Jun 24, 2011 9:49am Jun 24, 2011 9:49am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #15,403
- Jun 24, 2011 9:54am Jun 24, 2011 9:54am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
its not my intention to be smart ,im happy to help with what ive learnt thats all ,anyway catch you guys later
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #15,405
- Jun 24, 2011 10:20am Jun 24, 2011 10:20am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
its not my intention to be smart ,im happy to help with what ive learnt thats all ,anyway catch you guys later
they just quite cause jaw hit the floor, with yur trading arsenal
do keep posting i know every1 apprecaite it bro
have a great night..tony
- #15,406
- Jun 24, 2011 11:36am Jun 24, 2011 11:36am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Nav thanks ,I have won a new job so next week onwards I will be back to a low poster , great to see you trading like a pro these past few weeks ,some great trades and wormy style scalping to boot , catch you later buddy 
i know this more than any1
they just quite cause jaw hit the floor, with yur trading arsenal
do keep posting i know every1 apprecaite it bro
have a great night..tony
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #15,407
- Jun 24, 2011 1:48pm Jun 24, 2011 1:48pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
added @234
My stop had been readjusted from 115 to 135 before the close on this trade.
Well this had been another topsy turvy week for me.
I hope everyone else had an easier time than I did this month, I've went from the best month I had in a long time in May to probably the toughest month I can remember to date (mostly due to my own doing, nothing to do with the market).
Some really nice discussions & charts by the way guys thank you.
Enjoy the weekend
Thank You 
- #15,408
- Jun 24, 2011 2:02pm Jun 24, 2011 2:02pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
My stop had been readjusted from 115 to 135 before the close on this trade.
Well this had been another topsy turvy week for me.
I hope everyone else had an easier time than I did this month, I've went from the best month I had in a long time in May to probably the toughest month I can remember to date (mostly due to my own doing, nothing to do with the market).
Some really nice discussions & charts by the way guys thank you.
Enjoy the weekend
lower yur lot size and i bet u will be fine..
Nav thanks ,I have won a new job so next week onwards I will be back to a low poster , great to see you trading like a pro these past few weeks ,some great trades and wormy style scalping to boot , catch you later buddy
- #15,409
- Jun 24, 2011 2:14pm Jun 24, 2011 2:14pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
lower yur lot size and i bet u will be fine..
The lotsizes are not the issue. I probably am overtrading or something, let's see if a week or two does the trick.
Have a good one
Thank You
- #15,410
- Edited 8:47pm Jun 24, 2011 8:36pm | Edited 8:47pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Hey WB,
When I first started out here I remember you being a bad ass Hour 4 trader,
and being an FX newbie I couldn't understand the high time frames for day trading. Unfortunately I learned FX backwards from losing money scalping on the M1 / M15, with all that noise my conviction changed every bar!
Any way, I worked my way up to learning the Higher TFs (mostly by looking at how I trade gold and bringing it to currencies) and reading posts from you and some others here like nAVIN for instance. So now only in slow markets M30 minimum for me maybe if its really dead like the Aussie / NZ open I'll peek at M15. But like you said to me once about M30 "bit too long to scalp and a bit too fast to position."
Now I focus on H1 and up. It has cut out so much noise and confusion for me it is unreal. Now H4 makes sense to me. 3 years later....
I can understand scalping if you can trade a couple standards for a couple pips.
Otherwise I just lose money in the end scalping cause of too many trades. Thus, I also learned it was ok to have a trade go against you a bit / over 50 pips depending on lot size and risk reward. Now I try to look for multi day setups. This week was no great shakes, up 100 pips down another in the same day. Not great for positioning. Hopefully we will see some clearer trends emerge out of this week into next.
Summer is slow though and I'm not counting on it.
In any case just stopping by to say hi and keep up the good work you do here on the board! Been a while since we spoke.
Best of luck to you and have a good weekend to you and your fam.
X
When I first started out here I remember you being a bad ass Hour 4 trader,
and being an FX newbie I couldn't understand the high time frames for day trading. Unfortunately I learned FX backwards from losing money scalping on the M1 / M15, with all that noise my conviction changed every bar!
Any way, I worked my way up to learning the Higher TFs (mostly by looking at how I trade gold and bringing it to currencies) and reading posts from you and some others here like nAVIN for instance. So now only in slow markets M30 minimum for me maybe if its really dead like the Aussie / NZ open I'll peek at M15. But like you said to me once about M30 "bit too long to scalp and a bit too fast to position."
Now I focus on H1 and up. It has cut out so much noise and confusion for me it is unreal. Now H4 makes sense to me. 3 years later....
I can understand scalping if you can trade a couple standards for a couple pips.Otherwise I just lose money in the end scalping cause of too many trades. Thus, I also learned it was ok to have a trade go against you a bit / over 50 pips depending on lot size and risk reward. Now I try to look for multi day setups. This week was no great shakes, up 100 pips down another in the same day. Not great for positioning. Hopefully we will see some clearer trends emerge out of this week into next.
Summer is slow though and I'm not counting on it.
In any case just stopping by to say hi and keep up the good work you do here on the board! Been a while since we spoke.
Best of luck to you and have a good weekend to you and your fam.
X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #15,411
- Jun 24, 2011 11:13pm Jun 24, 2011 11:13pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I can't feed the family trading a buck per pip hombre
The lotsizes are not the issue. I probably am overtrading or something, let's see if a week or two does the trick.
Have a good one
wishing u a very good week ahead
- #15,412
- Jun 25, 2011 1:37am Jun 25, 2011 1:37am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
Your a great trader Azim ive much repect for you ,everyone , even my friend Hussin has off times ,personally im out of my trades ,and looking to re enter short ,with pa ,thursday is end of month and quarterly and ill be gunning for a bearish close ,
My stop had been readjusted from 115 to 135 before the close on this trade.
Well this had been another topsy turvy week for me.
I hope everyone else had an easier time than I did this month, I've went from the best month I had in a long time in May to probably the toughest month I can remember to date (mostly due to my own doing, nothing to do with the market).
Some really nice discussions & charts by the way guys thank you.
Enjoy the weekend
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #15,413
- Jun 25, 2011 4:13am Jun 25, 2011 4:13am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
cool one wormie, market is crap and it'll be crap for a while with sentiments changing due to no QE2 and shark infested waters.
Believe me or not I added 30% to my account by scalping this month but lost 20% on position trades, so not a great month to trade for me either! I know I am still up 10% but considering I could have been in a fantastic position had I just scalped. Looking back I see what I did wrong, I entered position trades whereas I should have traded more, but only scalps.
Think you did the same. Scalps recovered your money but you took loss in position trades. I know it's hard work but my banker mate said that VIX index is having huge bets on it until september and he advices to do intrad day trading, I also see volatility increasing too much in coming months. So I'll be scalping.
I have full faith that you'll make a lot more then what you did if you are not being lazy
Try exploring options if you want lazy trades. Low risk reward ratio.
All the very best!
ta
ams
Believe me or not I added 30% to my account by scalping this month but lost 20% on position trades, so not a great month to trade for me either! I know I am still up 10% but considering I could have been in a fantastic position had I just scalped. Looking back I see what I did wrong, I entered position trades whereas I should have traded more, but only scalps.
Think you did the same. Scalps recovered your money but you took loss in position trades. I know it's hard work but my banker mate said that VIX index is having huge bets on it until september and he advices to do intrad day trading, I also see volatility increasing too much in coming months. So I'll be scalping.
I have full faith that you'll make a lot more then what you did if you are not being lazy
Try exploring options if you want lazy trades. Low risk reward ratio.
All the very best!
ta
ams
My stop had been readjusted from 115 to 135 before the close on this trade.
Well this had been another topsy turvy week for me.
I hope everyone else had an easier time than I did this month, I've went from the best month I had in a long time in May to probably the toughest month I can remember to date (mostly due to my own doing, nothing to do with the market).
Some really nice discussions & charts by the way guys thank you.
Enjoy the weekend
- #15,414
- Jun 25, 2011 4:26am Jun 25, 2011 4:26am
- | Commercial User | Joined Jan 2010 | 3,733 Posts
cool one wormie, market is crap and it'll be crap for a while with sentiments changing due to no QE2 and shark infested waters.
Believe me or not I added 30% to my account by scalping this month but lost 20% on position trades, so not a great month to trade for me either! I know I am still up 10% but considering I could have been in a fantastic position had I just scalped. Looking back I see what I did wrong, I entered position trades whereas I should have traded more, but only scalps.
Think you did the same. Scalps recovered your money but you...
I don't want a job, i want money!
- #15,415
- Jun 25, 2011 5:04am Jun 25, 2011 5:04am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Nah dude, being inquisitive is not stupid it's a sign of healthy brain. Moreover, i'll be learning or visiting the base before I respond so I don't get caught and look like stupid
It's just a system I use and it has it's pros and cons but works for me.
ta
ams
It's just a system I use and it has it's pros and cons but works for me.
ta
ams
i will be working on what u told me... will try to figure out by myself... so that when i will ask u some questions, they won't be TOO stupid.. just partly stupid
- #15,416
- Jun 25, 2011 5:08am Jun 25, 2011 5:08am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
- #15,417
- Jun 27, 2011 12:36am Jun 27, 2011 12:36am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Where's birthday boy?
15975 needs to be taken out for this bounce from low 900s to have any legs ....
15975 needs to be taken out for this bounce from low 900s to have any legs ....
- #15,418
- Jun 27, 2011 1:26am Jun 27, 2011 1:26am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Where's birthday boy?
15975 needs to be taken out for this bounce from low 900s to have any legs ....
morning folks..damn the whether here in london is goooooooood - #15,419
- Jun 27, 2011 1:40am Jun 27, 2011 1:40am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
U bet mate, my back is broken doing damn gardening yesterday but had a nice end to the day by consuming 3 chilled cobra beers!
Still couldn't sleep, may be I was exhausted and had beers on top
Still couldn't sleep, may be I was exhausted and had beers on top
- #15,420
- Edited 2:14am Jun 27, 2011 2:03am | Edited 2:14am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
U bet mate, my back is broken doing damn gardening yesterday but had a nice end to the day by consuming 3 chilled cobra beers!
Still couldn't sleep, may be I was exhausted and had beers on top
funny my back in pain as well..gardening finished me off as well..
im flat on GU right now..as it could b a bottom possibly
edit:_entered short
