The Really Useless Thread | Page 305 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Really Useless System 25 replies

Bloomberg: VIX Indicator useless for forecasting the direction of equity prices 0 replies

The Really Really Boring Forex System 97 replies

Attachments: The Really Useless Thread
Exit Attachments

The Really Useless Thread

  • #6,081
  • Aug 31, 2011 9:52am Aug 31, 2011 9:52am
Quoting Venice
Nice equity curve you got there.

Mine is a lot more spiky, but I am a lot more aggressive with leverage. Low risk, high reward. Once I start really getting up to playing with the big boys, it will be toned down a bit.
I under leverage actually, so the $ is OK. Not up there but good enough for me.
  • #6,082
  • Aug 31, 2011 9:53am Aug 31, 2011 9:53am
  • #6,083
  • Aug 31, 2011 9:53am Aug 31, 2011 9:53am
Quoting attila
I under leverage actually, so the $ is OK. Not up there but good enough for me.
Yep. I bet it will be a lot different for me as well when I actually need to depend on this money for income.

Right now my mode is aggressive growth. But I can do that since it's not a dependency.

goals for now are simply to generate an account to eventually become my primary source of income, and another account whose sole purpose is too pay off my current debt.
  • #6,084
  • Aug 31, 2011 9:55am Aug 31, 2011 9:55am
Quoting Venice
Yep. I bet it will be a lot different for me as well when I actually need to depend on this money for income.

Right now my mode is aggressive growth. But I can do that since it's not a dependency.
The name of this game is "Slow and steady".
  • #6,085
  • Aug 31, 2011 9:57am Aug 31, 2011 9:57am
Quoting attila
The name of this game is "Slow and steady".
Do you trade anything besides the euro?
  • #6,086
  • Aug 31, 2011 9:58am Aug 31, 2011 9:58am
Quoting Venice
Do you trade anything besides the euro?
No. Eu only.
  • #6,087
  • Aug 31, 2011 10:00am Aug 31, 2011 10:00am
437 knockin on the door
  • #6,088
  • Aug 31, 2011 10:02am Aug 31, 2011 10:02am
So all I'm saying, if you take it slowly, don't over leverage know your pair inside out, you can make it in this business. Work your math, and be reasonable.It becomes easier as the time goes by.
  • #6,089
  • Aug 31, 2011 10:04am Aug 31, 2011 10:04am
Quoting attila
So all I'm saying, if you take it slowly, don't over leverage know your pair inside out, you can make it in this business. Work your math, and be reasonable.It becomes easier as the time goes by.
Yeah I know. All my lot sizes are always based upon a mathematical formula of the current available equity in the account.

Leverage is always a constant. As for focusing on 1 pair, I have yet to see any behavior in PA that isn't repeatable on any currency or equities or commodity even. Plus, I like to diversify
  • #6,090
  • Aug 31, 2011 10:05am Aug 31, 2011 10:05am
Quoting needpips
437 knockin on the door
It's bouncing on H1. It will continue later.
  • #6,091
  • Aug 31, 2011 10:07am Aug 31, 2011 10:07am
Quoting Venice
Yeah I know. All my lot sizes are always based upon a mathematical formula of the current available equity in the account.

Leverage is always a constant. As for focusing on 1 pair, I have yet to see any behavior in PA that isn't repeatable on any currency or equities or commodity even. Plus, I like to diversify
Right. I meant trade size. I only increase it as I reach certain levels and based on analyzing past performance. What varies is the number of trades. It depends how I'm doing that particular day.
  • #6,092
  • Aug 31, 2011 10:15am Aug 31, 2011 10:15am
I don't understand how people on the other thread call targets 100 pips away when there is so much the price has to go through. Any one of those mine fields can send it back up 200 pips. No sense of proportions whatsoever. Anyway, maybe I'm a
  • #6,093
  • Aug 31, 2011 10:18am Aug 31, 2011 10:18am
This up move is not over....
I'll shut up now.
  • #6,094
  • Aug 31, 2011 10:21am Aug 31, 2011 10:21am
Quoting attila
I don't understand how people on the other thread call targets 100 pips away when there is so much the price has to go through. Any one of those mine fields can send it back up 200 pips. No sense of proportions whatsoever. Anyway, maybe I'm a
Yep. The only time you should be looking at those targets, is 1) If you are on the daily chart 2) if you are on the H4, and we just moved really really far, putting the most recent demand/supply far far away as well, and thats only if a reversal pattern forms.

It's not a hard concept, people need to learn to trade the targets of the time frame they are entering on.

Edit, took a cheeky short @ .0716 on the Aussie. This is a H4 / Daily chart play, compression, should drop us back a bit. Compression may not be finished to the topside as well, plan has built in expectations for price to possibility visit 7720. Beyond that, it's void. Target #1 H4 (.06400), Target #2 Daily (.0527), Target #3 Daily (.0376).

Cable looks like it wants 6131.
  • #6,095
  • Aug 31, 2011 10:22am Aug 31, 2011 10:22am
Quoting Venice
Yep. The only time you should be looking at those targets, is 1) If you are on the daily chart 2) if you are on the H4, and we just moved really really far, putting the most recent demand/supply far far away as well, and thats only if a reversal pattern forms.

It's not a hard concept, people need to learn to trade the targets of the time frame they are entering on.
yeah, my 4330 came from the daily chart. It can take days. Who knows how she's going to wonder on the way there?...
  • #6,096
  • Aug 31, 2011 10:28am Aug 31, 2011 10:28am
Quoting attila
yeah, my 4330 came from the daily chart. It can take days. Who knows how she's going to wonder on the way there?...
yeah, I wished they'd just let it flow.
  • #6,097
  • Aug 31, 2011 10:29am Aug 31, 2011 10:29am
Quoting Mr Hatch
yeah, I wished they'd just let it flow.
Noooo. Would you? Why not make money off the same pip multiple times?
  • #6,098
  • Aug 31, 2011 10:30am Aug 31, 2011 10:30am
Quoting Mr Hatch
yeah, I wished they'd just let it flow.
To many people who don't know what they are doing looking at to many different things. And, the Algo's having a hay day as well.

We gotta have someone around to buy our sells, ya know??
  • #6,099
  • Aug 31, 2011 10:31am Aug 31, 2011 10:31am
Quoting attila
Noooo. Would you? Why not make money off the same pip multiple times?

You got it.
  • #6,100
  • Aug 31, 2011 10:32am Aug 31, 2011 10:32am
Quoting cloggie
You got it.
It's an opportunity if you know how to read it. They have their fingerprints all over the chart. That's why I trade the way I am. Going after multiple targets in the same time.
131 traders viewing now