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Price is everything

  • #19,461
  • Jun 24, 2011 8:08am Jun 24, 2011 8:08am
Quoting PhAnTi'
just stick with the commodities

crude is best to catch 200-300 pips only during ny session
  • #19,462
  • Jun 24, 2011 8:29am Jun 24, 2011 8:29am
.weekly usd/cad

but deep...


.
Attached Image (click to enlarge)
Click to Enlarge Name: deep.png Size: 55 KB
  • #19,463
  • Jun 24, 2011 8:41am Jun 24, 2011 8:41am
Here. Sorry for the delay.

Quoting pokerzstar88
hi emene, thx for the heads up for trading crude.
can i ask a small favour from you such that can you share the trading range indicator you using??? i think i have seen it somewhere in the thread, but i just couldnt find it amist hundreds of pages..

thanks a lot in advance... and happy pippin
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 411 downloads
File Type: ex4 ATRprojections.ex4   7 KB | 400 downloads
Hello.
  • #19,464
  • Jun 24, 2011 10:18am Jun 24, 2011 10:18am
Quoting Porkpie
stops need to be placed the other side of the level

your level indi didn't pick up the level below?

I dont depend on indicators. They are there as an aid.

  1. I dont use stops in the traditional sense instead it is better to view each position as a sequence of trades.
  2. Utilizing a scaled entry approach you can average your way to success and remove the need to be right the first time you enter the the position.

Cheers.

  • #19,465
  • Jun 24, 2011 10:44am Jun 24, 2011 10:44am
Quoting redsword11
Attachment




excess of 2% in 6 hours
look at the picture. the amount of the account is 3502.46. why did red trade such a small account! I wanna see his real trading results in FF's trade explorer!
  • #19,466
  • Jun 24, 2011 10:48am Jun 24, 2011 10:48am
Quoting Verb
I dont depend on indicators. They are there as an aid.

  1. I dont use stops in the traditional sense instead it is better to view each position as a sequence of trades.
  2. Utilizing a scaled entry approach you can average your way to success and remove the need to be right the first time you enter the the position.

Cheers.


cheers to that..same thing that I do.
  • #19,467
  • Jun 24, 2011 10:50am Jun 24, 2011 10:50am
Quoting bobowang
look at the picture. the amount of the account is 3502.46. why did red trade such a small account! I wanna see his real trading results in FF's trade explorer!

you are so nosy...he manages a lot of acc.
some may be small and some are big
  • #19,468
  • Jun 24, 2011 10:55am Jun 24, 2011 10:55am
Quoting bobowang
look at the picture. the amount of the account is 3502.46. why did red trade such a small account! I wanna see his real trading results in FF's trade explorer!
Jesus Fucking Christ You are a dumbass!

If you took the time to actually read a few pages before that screenshot you would know he was trying out a spread-betting broker.

He started with $3K and he made like 30% in a couple of days, IIRC.

By the way statements don't mean shit. Unless you truly know the individual in person there is absolutely no way to be sure a posted statement isn't fake. It can always be from a demo account or photochopped.
  • #19,469
  • Jun 24, 2011 10:56am Jun 24, 2011 10:56am
Quoting Verb
I dont depend on indicators. They are there as an aid.

  1. I dont use stops in the traditional sense instead it is better to view each position as a sequence of trades.
  2. Utilizing a scaled entry approach you can average your way to success and remove the need to be right the first time you enter the the position.

Cheers.

ah ok interesting tks.
  • #19,470
  • Jun 24, 2011 10:58am Jun 24, 2011 10:58am
Quoting bobowang
look at the picture. the amount of the account is 3502.46. why did red trade such a small account! I wanna see his real trading results in FF's trade explorer!
And so what? Some of us do trade multiple accounts, with multiple values... or other peoples accounts for them.

Weirdo.
  • #19,471
  • Edited 11:38am Jun 24, 2011 11:04am | Edited 11:38am
Quoting adaseb
Jesus Fucking Christ You are a dumbass!

If you took the time to actually read a few pages before that screenshot you would know he was trying out a spread-betting broker.

He started with $3K and he made like 30% in a couple of days, IIRC.

By the way statements don't mean shit. Unless you truly know the individual in person there is absolutely no way to be sure a posted statement isn't fake. It can always be from a demo account or photochopped.
thanks for your explanation! that gives me confidence! I need the confidence before I start to go through this huge thread! ha
btw, in FF's trade explorer, there is no way to cheat! you can tell if it's a demo or live. and it will show all your results, including the open trades. you can click my name to see it. of course, my account showed in FF's trade explorer is also a small one. I have a huge one with much much better performance, but I don't wanna share it. sorry for that. I just think a good live trading performance in FF's trade explorer is much better than thousands of posts and will encourage everybody here in FF.
  • #19,472
  • Jun 24, 2011 11:13am Jun 24, 2011 11:13am
Quoting emene
Here. Sorry for the delay.
thks a lot emene...
have a nice weekend
  • #19,473
  • Jun 24, 2011 11:38am Jun 24, 2011 11:38am
Quoting Myrza
crude is best to catch 200-300 pips only during ny session
Nope I'm sorry you're wrong, infact you are dead wrong. I did 253 pips on crude during asias session tonight with 4 open positions. 3 POsitions X1 lot and 1 position x3 Lots. so 96 45 54 and 58 (x3 which is the same as 174 pips on 1 lot positions).

Infact if you really want an instrument to swing on like hell you should probably be trading DAX instead of crude because it just swings that much harder.

Heres an example of doing 936 pips on DAX today
Attached Image (click to enlarge)
Click to Enlarge Name: DAX936 pips.png Size: 23 KB


If you want massive amount of pips trading currencies is the wrong game for you to be in as has been mentioned over and over.

And if you want to swing crude you're missing out on a LOT of action.... Crude as has been mentioned before by emene is a very particular beast that is best traded on m1 on m5...
  • #19,474
  • Jun 24, 2011 12:14pm Jun 24, 2011 12:14pm
Sold it.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Example - USDCAD M30 Supply 1.jpg Size: 101 KB
  • #19,475
  • Jun 24, 2011 12:27pm Jun 24, 2011 12:27pm
Quoting Orbital
Nope I'm sorry you're wrong, infact you are dead wrong. I did 253 pips on crude during asias session tonight with 4 open positions. 3 POsitions X1 lot and 1 position x3 Lots. so 96 45 54 and 58 (x3 which is the same as 174 pips on 1 lot positions).

Infact if you really want an instrument to swing on like hell you should probably be trading DAX instead of crude because it just swings that much harder.

Heres an example of doing 936 pips on DAX today
Attachment

If you want massive amount of pips trading currencies is the wrong game...

that is just wow..what broker do u use for DAX. Dont have it on IFX
  • #19,476
  • Jun 24, 2011 12:35pm Jun 24, 2011 12:35pm
Quoting Verb
I dont depend on indicators. They are there as an aid.

  1. I dont use stops in the traditional sense instead it is better to view each position as a sequence of trades.
  2. Utilizing a scaled entry approach you can average your way to success and remove the need to be right the first time you enter the the position.

Cheers.

Verb, if you don't use SL, how and when do you determine that the trade is a loser?
thx
LP
  • #19,477
  • Jun 24, 2011 12:41pm Jun 24, 2011 12:41pm
Quoting Myrza
that is just wow..what broker do u use for DAX. Dont have it on IFX
Every Broker out there offers dax futures... its not necessarily labeled as dax but can be labeled as GER30 for example... you should check on it.
  • #19,478
  • Jun 24, 2011 12:52pm Jun 24, 2011 12:52pm
Quoting Les_Paul
Verb, if you don't use SL, how and when do you determine that the trade is a loser?
thx
LP
I don't view one trade as a loser, I view it as a sequence of multiple trades to profit.

 

  1. I look at my open P&L and manage available margin.
  2. Once 10% of my balance is at risk then I take steps to manage smaller volume positions, close them and keep trading at levels closer to the market price.

This is a much deeper subject on money management and risk management. Two different things, which I may at some point expound on but energy is low today. I will need to come back to this subject or I may not.

  • #19,479
  • Jun 24, 2011 12:56pm Jun 24, 2011 12:56pm
Quoting Verb
I will need to come back to this subject or I may not.
Thank you, I hope you will come back to this subject soon, or at least guide me to some useful learning material. http://www.forexfactory.com/images/icons/icon14.gifhttp://www.forexfactory.com/images/icons/icon3.gif
  • #19,480
  • Jun 24, 2011 9:33pm Jun 24, 2011 9:33pm
Anybody can say why this failed ? reasons ?
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Trading is all about probability, low risk/high reward ,buy low/sell high
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