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  • #483,801
  • Jul 8, 2011 4:08am Jul 8, 2011 4:08am
Quoting PayTheLimit
flat, covered them all, fucking tired of trading this week...I'm burnt..
same here..kind of flat at the moment...
but will hold last one as anchor here...~
good trade
Patience, Emotion Control and Discipline.
  • #483,802
  • Jul 8, 2011 4:09am Jul 8, 2011 4:09am
Quoting PayTheLimit
flat, covered them all, fucking tired of trading this week...I'm burnt..
Good to see that you covered your trades. This shit does have a tendency to burn one out by Friday.
  • #483,803
  • Jul 8, 2011 4:09am Jul 8, 2011 4:09am
Quoting PayTheLimit
flat, covered them all, fucking tired of trading this week...I'm burnt..
Aww bummer dude, you should stay in to 417x with me! PS if i get this right, along with my other call from last night, surely i deserve a vouch!!!! LOL
  • #483,804
  • Jul 8, 2011 4:09am Jul 8, 2011 4:09am
what is that graph...........and where can I find it please
  • #483,805
  • Jul 8, 2011 4:10am Jul 8, 2011 4:10am
Quoting 2+2=4ex
Well yeah. I didn't mean you would have to win 75% of the trades. Just saying it also isn't 1:1 straight up. Is it worth risking 100 trades to make 10 more winners than losers? (55% wins vs 45% losses). How much are you making (and risking) per trade? What if you lose 55 and win 45? Now you got to figure in the time. Time is opportunity cost. That's why currency trading is a long term investment.
The answer is: a lot, if you are consistent. Risk 1/2% to 3% per trade. This week (three days trading) 4.8%. Maximum consecutive losses in my career 52, maximum consecutive winners 34, average w/l 60/40 (net 20% in hundred trades), number of trades per week: depends on opportunity, not fixed. Max drawdown in 100 trades 45%. Max winning in 100 trades 98%. Time is a very heavy opportunity cost, but for years could not find the alternative. To me, currency trading can never be long term because it is trading not investment like stocks.
The Thief of Wall Street
  • #483,806
  • Jul 8, 2011 4:10am Jul 8, 2011 4:10am
Quoting cloggie
Another 3 pips to pick up.

Here we go.
  • #483,807
  • Jul 8, 2011 4:10am Jul 8, 2011 4:10am
Quoting 2+2=4ex
You mean picking fly poop out of peppers. Not at all. What I said has a big effect on your bottomline. One of the things people don't realize about trading. It's hard to overcome the aforementioned unless you have experience. Do you think most retail traders lose just because they pick the wrong direction? It's a business set up to favor the broker. So you better be good if you're going to succeed.
I agree 100%! I Posted to the same effect a few hours ago and know how diligent Chicky is with his MM.. And I understand the pressure to succeed too and about accountability.. I guess I took you wrong.....
  • #483,808
  • Jul 8, 2011 4:11am Jul 8, 2011 4:11am
Quoting cloggie
Another 3 pips to pick up, got the top slightly wrong, still a bit messy PA, but she is behaving fairly well today.
yes she is after my dumb ass fixed my mistake...
  • #483,809
  • Jul 8, 2011 4:11am Jul 8, 2011 4:11am
Quoting tradercnx
Yeah well I should have been out much earlier too. Had to take a loss and lick my wounds, not too bad but peeved off I didn't react earlier. Had stop too far away really. Oh well, on we go, trade it twice as heavy next trade and get back the loss quickly. hehehehe now that'd be another stupid dumb thing to do. Next worst thing to averaging a loss.
Quite often I get f@cked with a tight SL. This time the move down was quick, but most often after taking out a tight SL, it gets back 10 pips...

Clearly boatload of bears still accross the boards
  • #483,810
  • Jul 8, 2011 4:12am Jul 8, 2011 4:12am
Quoting cloggie
Here we go.
Nice.....
Patience, Emotion Control and Discipline.
  • #483,811
  • Jul 8, 2011 4:13am Jul 8, 2011 4:13am
Quoting fxjawn
yes she is after my dumb ass fixed my mistake...

When I am in a good mood here, you'd better have a close look at some of my levels, hints and directions I post and see if you can find on your own charts what I am talking about. Few here have the guts, let alone the experience to trade against me.
  • #483,812
  • Jul 8, 2011 4:13am Jul 8, 2011 4:13am
Quoting Astroman
Good to see that you covered your trades. This shit does have a tendency to burn one out by Friday.

they ran me out of the first one, but I jumped back in, we could go to 0 ,sure,but with out me, I got nothing left in the tank......
Look Sharp/Trade Tight
  • #483,813
  • Jul 8, 2011 4:13am Jul 8, 2011 4:13am
Quoting FX-Ray
Long: 1,4230
TP: 1,4460

That's an interesting way to trade .. a bell curve ? .. how does it work ?
You gotta know when to hold 'em, know when to fold 'em ...
  • #483,814
  • Jul 8, 2011 4:13am Jul 8, 2011 4:13am
here we go back to 4338
  • #483,815
  • Jul 8, 2011 4:15am Jul 8, 2011 4:15am
mind the pink chart...key area either way...
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.gif Size: 16 KB
Look Sharp/Trade Tight
  • #483,816
  • Jul 8, 2011 4:15am Jul 8, 2011 4:15am
Quoting nitrate73
That's an interesting way to trade .. a bell curve ? .. how does it work ?
see pic
Attached Image (click to enlarge)
Click to Enlarge Name: s0_.JPG Size: 150 KB
  • #483,817
  • Jul 8, 2011 4:17am Jul 8, 2011 4:17am
Quoting cloggie
When I am in a good mood here, you'd better have a close look at some of my levels, hints and directions I post and see if you can find on your own charts what I am talking about. Few here have the guts, let alone the experience to trade against me.
Another beautiful call Clogs. Question for you.. 84 was nailed to the pip... 4282 was a lot more obvious to me(h4 & ... so as you typically call things to the pip, where do I need to look to see 84?

Thanks man,
What we obtain too cheap, we esteem too lightly.
  • #483,818
  • Jul 8, 2011 4:18am Jul 8, 2011 4:18am
Quoting PayTheLimit
flat, covered them all, fucking tired of trading this week...I'm burnt..
Hi PTL, are those shaded areas something u draw on your or an indi ? ..what about those lines with the labels 1.4xxx Mofu or Mid .. is that an indi as well ? Thanks in advance.
You gotta know when to hold 'em, know when to fold 'em ...
  • #483,819
  • Jul 8, 2011 4:18am Jul 8, 2011 4:18am
Quoting cloggie
When I am in a good mood here, you'd better have a close look at some of my levels, hints and directions I post and see if you can find on your own charts what I am talking about. Few here have the guts, let alone the experience to trade against me.
i follow all your levels and i find them on my charts... as well as ptls...

like i was saying way earlier i was short the first time it broke 4338 earlier tonight i just closed my trade bc i let it fake me out but i still did ok...

i know a good bit of what ur talking about most of the time but deff not everything brother...
  • #483,820
  • Jul 8, 2011 4:21am Jul 8, 2011 4:21am
Quoting egkid
Morning All
Cafe first then check my position and where r we

Hello my friend i like ur previous post 2 days ago i think
Fast looking to chart i c 4280
PA touch 4283 ,Nice still can read my own chart good.

I like this song hasta siemre about brave man who has faith about freedom "Guevara"
Nice voice and music and lyrics and singer
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