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The Really Useless Thread

  • #6,101
  • Aug 31, 2011 10:34am Aug 31, 2011 10:34am
I really should start a 'buy aussie only' account. Feckin carry traders. lol
  • #6,102
  • Aug 31, 2011 10:35am Aug 31, 2011 10:35am
Quoting attila
Noooo. Would you? Why not make money off the same pip multiple times?
I don't like my plan to be disrupted by side-quests. When I'm cooking, I'm cooking, when I'm f***, well...
  • #6,103
  • Aug 31, 2011 10:37am Aug 31, 2011 10:37am
Quoting Mr Hatch
I don't like my plan to be disrupted by side-quests. When I'm cooking, I'm cooking, when I'm f***, well...
LOL. But keep in mind. their PLAN is to always disrupt OUR PLAN.
  • #6,104
  • Aug 31, 2011 10:40am Aug 31, 2011 10:40am
Ha!

So the earliest ones have been refreshing the page the soonest... and as quick as you leave any thread but still inside FF you disappear of course.... interesting...
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  • #6,105
  • Aug 31, 2011 10:40am Aug 31, 2011 10:40am
Quoting attila
LOL. But keep in mind. their PLAN is to always disrupt OUR PLAN.
4h has become a friend of mine.....Im sure it will change, but in this range...its been a keeper
  • #6,106
  • Aug 31, 2011 10:43am Aug 31, 2011 10:43am
ok, EU im ready

Inserted Video
  • #6,107
  • Aug 31, 2011 10:43am Aug 31, 2011 10:43am
Quoting attila
LOL. But keep in mind. their PLAN is to always disrupt OUR PLAN.
That's the bad part of it... it's like the mother-in-law suddenly calling...
  • #6,108
  • Aug 31, 2011 10:44am Aug 31, 2011 10:44am
Now they want to to think it continues down from here. I'm not selling. The up move is not over. Not going long either.
  • #6,109
  • Aug 31, 2011 10:46am Aug 31, 2011 10:46am
Quoting attila
Now they want to to think it continues down from here. I'm not selling. The up move is not over.
Unless we actually break out of this wedge thing we got going on. (yeah right, that would be to nice of 'em).

We are going to be looking at a 30 daily range here soon... lol
  • #6,110
  • Aug 31, 2011 10:47am Aug 31, 2011 10:47am
Quoting Venice
Unless we actually break out of this wedge thing we got going on. (yeah right, that would be to nice of 'em).

We are going to be looking at a 30 daily range here soon... lol
4530....a possibility
  • #6,111
  • Aug 31, 2011 10:48am Aug 31, 2011 10:48am
Quoting Venice
Unless we actually break out of this wedge thing we got going on. (yeah right, that would be to nice of 'em).

We are going to be looking at a 30 daily range here soon... lol
Take a look at the clock.
  • #6,112
  • Aug 31, 2011 10:49am Aug 31, 2011 10:49am
Quoting cloggie
Am keeping a close eye on 02 here.

Come on 02, give up, you know you want to.
  • #6,113
  • Aug 31, 2011 10:50am Aug 31, 2011 10:50am
Quoting attila
Noooo. Would you? Why not make money off the same pip multiple times?
Disagree. Nice in theory and only very very very few manage to do it properly. However, IMO is the number one cause of failure among traders that has passed the newbie stage.

Trying to catch every single move and squeeze every pip multiple times in multiple Tfs (AND MANUALLY) is one of those trading myths that only helps to hide the lack of understanding and the deficiencies in a trading plan.

This usually leads to the second trading myth: if you don't see or not trade every single move during a day you are a bad trader when actually the line between success and failure in my experience is in the opposite.

Making money off the same pip multiple times sounds rational from a pip range perspective but the odds are severely against you to do it consistently without burning your brains, perspective or capital first.

There is a lot better value for time, capital, risk and perspective on "filtering" and only take the trades in whatever is your primary TF. Always quality over quantity.

If you can't hold your emotions and have to jump to M5 because your 15M is not "moving" and after to M1 "just in case" but with target of a daily TL with rejection of Weekly Fib ....you are closer to gambling than actually trading and I can bet you that a huge majority never pass the stage of taking crumbs and losing the big moves (whatever a big move is in your TF).

In simple words, we are TRADERS not a dealing desk...just my opinion.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #6,114
  • Aug 31, 2011 10:50am Aug 31, 2011 10:50am
Quoting cloggie
Come on 02, give up, you know you want to.
What a little bastad that one is...
  • #6,115
  • Aug 31, 2011 10:51am Aug 31, 2011 10:51am
Quoting Venice
What a little bastad that one is...

Yeah it is.
  • #6,116
  • Aug 31, 2011 10:52am Aug 31, 2011 10:52am
Quoting attila
Take a look at the clock.
Elliott wave wise I believe 5 waves down is complete.....
  • #6,117
  • Aug 31, 2011 10:52am Aug 31, 2011 10:52am
good morning traders )
  • #6,118
  • Aug 31, 2011 10:56am Aug 31, 2011 10:56am
Quoting sofia101
good morning traders )
yo SO
  • #6,119
  • Aug 31, 2011 10:56am Aug 31, 2011 10:56am
I was referring to THEM. The ones who move the market. But to your point, I disagree. I've always been trading this way. All I'm interested in are the targets. That's where the profit lives. If a target becomes doable on a TF, even the lower ones, I take the trade while holding the longer term one as long as THAT one continues to be valid. To be honest, I am not sure how people deal with SLs in relation to these wide swings we've had lately. Taking trades on different TFs could look like indecision and it is, if what's behind the trade IS indecision.... A little bit of a mind teaser here if you will....

Quoting sisse
Disagree. Nice in theory and only very very very few manage to do it properly. However, IMO is the number one cause of failure among traders that has passed the newbie stage.

Trying to catch every single move and squeeze every pip multiple times in multiple Tfs (AND MANUALLY) is one of those trading myths that only helps to hide the lack of understanding and the deficiencies in a trading plan.

This usually leads to the second trading myth: if you don't see or not trade every single move during a day you are a bad trader when actually...
  • #6,120
  • Aug 31, 2011 10:58am Aug 31, 2011 10:58am
Quoting needpips
yo SO
how are you?
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