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  • #489,321
  • Jul 14, 2011 12:57am Jul 14, 2011 12:57am
Quoting sisse
Agree. Price in crap place to trade. US reports are key one more time, another bad round of numbers and we'll see BB showing the free money button again.

The overruling news this week was the EZ emergency meeting, but with that canceled all eyes on the dollar...EZ debt on "hold" one more time...and price stuck in no man land.

sisse

Bernanke certainly did not help the dollar yesterday, Italy is still an issue of course and the EFSF needs adjusting by about half a trill, but the ugly sister right now once more is the dollar. I was really surprised that Bernanke admitted that QE2 only made a 30bps difference, what a waste of dosh.
  • #489,322
  • Jul 14, 2011 12:58am Jul 14, 2011 12:58am
Quoting Jazznos
That is fucked up shit bro, very sorry to hear it.
Can't sit more , He is the real shitty trader then . Love her still & so she worked for him but the little destroyed with the psychologically unhealthy nature. bring her back man , she is perfect for you.
No hurt please , think about again & again & be fit again even a margin call next day..
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #489,323
  • Jul 14, 2011 1:03am Jul 14, 2011 1:03am
now.. the intermdiate trend is just got weakened for a move up...e just have to wait for the trade to come to us...patience patience
  • #489,324
  • Jul 14, 2011 1:04am Jul 14, 2011 1:04am
price action , 4 hour chart
Attached Image (click to enlarge)
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  • #489,325
  • Jul 14, 2011 1:05am Jul 14, 2011 1:05am
Quoting toppz
now.. the intermdiate trend is just got weakened for a move up...e just have to wait for the trade to come to us...patience patience

Nah, nah, nah, you got that all wrong, you gotta jump on the first red or green bar you see, you don't want to miss out on those first 5 pips, that's what a real trader does, none of that waiting for price mallarkey, you got to be in it to win it.
  • #489,326
  • Jul 14, 2011 1:06am Jul 14, 2011 1:06am
Quoting cloggie
Nah, nah, nah, you got that all wrong, you gotta jump on the first red or green bar you see, you don't want to miss out on those first 5 pips, that's what a real trader does, none of that waiting for price mallarkey, you got to be in it to win it.
i knew i was doing something wrong, conformation what is that?
I got maths..
  • #489,327
  • Jul 14, 2011 1:07am Jul 14, 2011 1:07am
Quoting frogger
, conformation what is that?

That's for wussies, a real trader knows where it is going before it even goes there. None of that hanging about waiting for price to come to them, they go to the price.
  • #489,328
  • Jul 14, 2011 1:09am Jul 14, 2011 1:09am
Quoting cloggie
Nah, nah, nah, you got that all wrong, you gotta jump on the first red or green bar you see, you don't want to miss out on those first 5 pips, that's what a real trader does, none of that waiting for price mallarkey, you got to be in it to win it.
are u starting small then upping the antie as it moves? thats what i do anyway
  • #489,329
  • Jul 14, 2011 1:11am Jul 14, 2011 1:11am
Quoting fxjawn
are u starting small then upping the antie as it moves? thats what i do anyway

Doing that puts your average weighting away from the entry price, you need to do it the other way around, keep the weight of your scaling as close to the entry as possible. Ever decreasing scaling in also assures you, you use the market's money and not yours.
  • #489,330
  • Jul 14, 2011 1:12am Jul 14, 2011 1:12am
Quoting fxjawn
my x girl told me i was a shitty trader and would never be sucessful...
This is typical female verbiage; put you down at something she thinks that you are good at only for the purpose of making you feel lower than shit.

They are very good at this technique and all should take it for what it is meant for.

Unless of course you are in fact a shitty trader and have blown thousands of $$$$$.

  • #489,331
  • Jul 14, 2011 1:15am Jul 14, 2011 1:15am
all 4 ladies at support, 2 drivers at resistance, suit my bias , waiting game for now, nothing gauranteed in forex
If you are new to Forex? Say Goodbye to your account!!
  • #489,332
  • Jul 14, 2011 1:16am Jul 14, 2011 1:16am
Quoting Astroman
This is typical female verbiage; put you down at something she thinks that you are good at only for the purpose of making you feel lower than shit.

They are very good at this technique and all should take it for what it is meant for.

Unless of course you are in fact a shitty trader and have blown thousands of $$$$$.

louis c.k. said it best:

Inserted Video
  • #489,333
  • Jul 14, 2011 1:18am Jul 14, 2011 1:18am
Break 4223 now for some up or back bottom 4176 for up again .risky long at the middle of the swing there for me,lost patience . fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #489,334
  • Jul 14, 2011 1:20am Jul 14, 2011 1:20am
Quoting ericevridge
louis c.k. said it best:

http://youtu.be/RTrCBcrFMCI
  • #489,335
  • Jul 14, 2011 1:20am Jul 14, 2011 1:20am
Quoting cloggie
Doing that puts your average weighting away from the entry price, you need to do it the other way around, keep the weight of your scaling as close to the entry as possible. Ever decreasing scaling in also assures you use the market's money and not yours.
ah got ya.. that was my thinking was to use one trade to pay for another ... in all the pa's i have been doing it have about 3 entries... all within 25 pips or so ... with the 2nd entry being the largest... for some reason that mad sense to me ... i see what you mean now though...

it has deff been working well though knocking down so nice 70 pip trade sometimes more when it will give it up...

i have ben getting alot bigger part of the moves moving my stop down or up as price goes down or up hiding my stop behind new resistance or support as the mkt moves..

so i can really let it run with limited risk to my profit...

thanks man
  • #489,336
  • Jul 14, 2011 1:21am Jul 14, 2011 1:21am
Quoting cloggie
Doing that puts your average weighting away from the entry price, you need to do it the other way around, keep the weight of your scaling as close to the entry as possible. Ever decreasing scaling in also assures you, you use the market's money and not yours.
hope this is not muppet like but putting on say 2/3 of a position then scale out the rest is better than to test waters and then put more on later. i see where you are coming from with using the brokers money but the latter says you keep your risk small and build on it....that is if i am getting this all right good sir
I got maths..
  • #489,337
  • Jul 14, 2011 1:23am Jul 14, 2011 1:23am
Quoting ericevridge
louis c.k. said it best:

http://youtu.be/RTrCBcrFMCI
  • #489,338
  • Jul 14, 2011 1:23am Jul 14, 2011 1:23am
Quoting KiwiTrada
all 4 ladies at support, 2 drivers at resistance, suit my bias , waiting game for now, nothing gauranteed in forex
I like the formula , drivers should be helpless with 4 ladies at action . please show the chart, thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #489,339
  • Jul 14, 2011 1:26am Jul 14, 2011 1:26am
Quoting fontu
Break 4223 now for some up or back bottom 4176 for up again .risky long at the middle of the swing there for me,lost patience . fontu
i am in the same pickle....
I got maths..
  • #489,340
  • Jul 14, 2011 1:26am Jul 14, 2011 1:26am
Quoting frogger
hope this is not muppet like but putting on say 2/3 of a position then scale out the rest is better than to test waters and then put more on later. i see where you are coming from with using the brokers money but the latter says you keep your risk small and build on it....that is if i am getting this all right good sir

Almost. Supposed you see an entry that is worth 15 lots of your money to see if you are right, you then enter the trade with 8 lots, you wait till that is in profit, plus enough profit to pay for the cost of the next trade (spread and commision) you then enter the next trade with 4 lots, you wait till that is in profit, you then add 2, and another 2. Doing that means you get 15 lots out there earning you money, but you only risked 8 of your own money and used the profits of the trade to reinvest back into the market for a bigger gain. IF you do scale out, you do it in reverse, again to keep the weight of your trade close to your entry and gain max reward for that initial entry. The profits you make with the scaled in trades are pure free money and icing on the cake, those extra trades can also be beyond your normal risk as it is free money, you don't count it towards your 1 or 2% you are willing to risk on the trade. IF you are on a good runner, you can risk as much as you want as it is free money, just put your stops at the right place, in case it goes against you.
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