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  • #533,461
  • Sep 1, 2011 5:31am Sep 1, 2011 5:31am
Quoting rattyo
.
If they werent such a bunch of xxxx this thread would have worked out much better.

We are all trying to make money doing the same thing here....
Its not an easy profession...
Is that really matter? everyone do their own business..........
I am part time.

i dont understand all of you arguing or fighting ......but sounds quite waste time really.

if you order against market you take your lose. thats it. to me, when i took order i post here just try remind myself never change my decision.

I like here most of people posting their own charts and explain whats they see........could be good reference ........ could find more way to describe this market.

Fontu Chicky Gator.......and some others they post lots their own point of view of the market. thats great.

so why dont you just post some chart or just explain the market ......or even friendly post to the memeber you like? instead of wasting time to fighting those useless............
  • #533,462
  • Sep 1, 2011 5:33am Sep 1, 2011 5:33am
Quoting CalistogaKid
I don't think we're the major news today. I'm short at 1.42865. Let's see where it goes.
It's 3:30 a.m. here in Cali. I'm tired and bored. I'm taking my measly 12 pips and going to bed.
Besides, I've gotta pack my gear and head to a gig @ 8 a.m. Night, folks.
"The only way to win the game is not to play." - B. S. Miller
  • #533,463
  • Sep 1, 2011 5:34am Sep 1, 2011 5:34am
RSI for H1 looks over sold.

long a gd choice now?
  • #533,464
  • Sep 1, 2011 5:34am Sep 1, 2011 5:34am
Quoting Bro
be aware of that not always you are given a second chance.
if you look at historical data you will be able to see many cases where price just make more than 1000 pips in few days without a pull back that allows you to close yours positions with profit
hug
I 1oo% agree
I not like anything he say, it almost sound like he broker, trade micro lots low yield prs no stop loss maybe nahh, never learn or make money enought tho, his trading ethos is 95% ter,
Market may give 2nd chance now and then, but majority it will smack your butt and smash your face.
Need to stop trade now, go learn even basic mm might have a chance.

Ratyo, cloggie not like me either, but this time he right, you been adding to loser all night, even now she brick, you still feel she will go your way, is very dangerous, only time to add to trade is when she at minimum BE then can forget but manage, and go look for new trade, if I did what you do tonight I be a shivering wreck by now.

Now is time to be patient and wait triggers

Although cloggie is right, he is still grumpy prick

Happy "safe" pip hunting.
If you are new to Forex? Say Goodbye to your account!!
  • #533,465
  • Sep 1, 2011 5:38am Sep 1, 2011 5:38am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Bro
be aware of that not always you are given a second chance.
if you look at historical data you will be able to see many cases where price just make more than 1000 pips in few days without a pull back that allows you to close yours positions with profit
hug
You are right. But if the market goes against me, I can keep the first losing position and open new contrary trades (hedge). As always PA and mini lots are the key.
I couldn't do it with whole lots.
This is a different way of trading and for my style, it works.
--- nothing to say ---
  • #533,466
  • Sep 1, 2011 5:40am Sep 1, 2011 5:40am
Quoting KiwiTrada
I 1oo% agree
I not like anything he say, it almost sound like he broker, trade micro lots low yield prs no stop loss maybe nahh, never learn or make money enought tho, his trading ethos is 95% ter,
Market may give 2nd chance now and then, but majority it will smack your butt and smash your face.
Need to stop trade now, go learn even basic mm might have a chance.

Ratyo, cloggie not like me either, but this time he right, you been adding to loser all night, even now she brick, you still feel she will go your way, is very dangerous,...
nice post here bro~~
Patience, Emotion Control and Discipline.
  • #533,467
  • Sep 1, 2011 5:41am Sep 1, 2011 5:41am
One image is worth more than 1000 words.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4.jpg Size: 99 KB
  • #533,468
  • Sep 1, 2011 5:45am Sep 1, 2011 5:45am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting KiwiTrada
I 1oo% agree
I not like anything he say, it almost sound like he broker, trade micro lots low yield prs no stop loss maybe nahh, never learn or make money enought tho, his trading ethos is 95% ter,
Market may give 2nd chance now and then, but majority it will smack your butt and smash your face.
Need to stop trade now, go learn even basic mm might have a chance.
Anyone has his own trading style and you can disagree with me.
Who cares?

Surely you are a better trader than me, but I don't trade for a living. Just for fun and make some money.
--- nothing to say ---
  • #533,469
  • Sep 1, 2011 5:46am Sep 1, 2011 5:46am
Quoting KiwiTrada
I 1oo% agree
I not like anything he say, it almost sound like he broker, trade micro lots low yield prs no stop loss maybe nahh, never learn or make money enought tho, his trading ethos is 95% ter,
Market may give 2nd chance now and then, but majority it will smack your butt and smash your face.
Need to stop trade now, go learn even basic mm might have a chance.

Ratyo, cloggie not like me either, but this time he right, you been adding to loser all night, even now she brick, you still feel she will go your way, is very dangerous, only...
i still learning but this one(not stops, making constantly negative average price and so on) i have learned i like to think

my personal achievement now is get good entrances, be more patiente and not be so greedy
So get ready!
  • #533,470
  • Sep 1, 2011 5:46am Sep 1, 2011 5:46am
Quoting sym
Hi Rattyo,
I've not lost 1 trade since the 1st of August, doing +30% in my account (and I was on holidays using my mobile phone).
But I trade small lots, don't trade for a living and don't use SL.
If i'm under 300 pips I don't care, because if it happens I can open positions in order to recover from the losses. But the last month this never happened.
100% wins, because market gives always a second chance. :-)
it might give 2nd chance at most of the time but it will take every think in single move.

check out this (part of my learning )
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd chance.jpg Size: 27 KB
Mohan
  • #533,471
  • Sep 1, 2011 5:46am Sep 1, 2011 5:46am
Quoting KiwiTrada
I 1oo% agree
I not like anything he say, it almost sound like he broker, trade micro lots low yield prs no stop loss maybe nahh, never learn or make money enought tho, his trading ethos is 95% ter,
Market may give 2nd chance now and then, but majority it will smack your butt and smash your face.
Need to stop trade now, go learn even basic mm might have a chance.

Ratyo, cloggie not like me either, but this time he right, you been adding to loser all night, even now she brick, you still feel she will go your way, is very dangerous, only...

Ok 18th August similliar kind of move..so you telling me if you were long at 14375 you would have been on a loser....? I was...i took a drawdown then over 100 points...had to wait a few hours to get my profits not a good entry but it was a winner.

This one could be the same.......how do you know if I add to this Im adding to a loser?

have you got a crystal ball?
rat
  • #533,472
  • Sep 1, 2011 5:48am Sep 1, 2011 5:48am
Quoting rattyo
There is a new "thread of hate" thats been created to laugh and take the piss out of others called "Useless Trading Thread" I see.

The ring leader being a poster called Cloggie

you cant post on it as you need 10V. Well all the people on there have vouched for one another I notice around 20 odd of them.

Ocasionally the clown Gloggie comes over here to whip a qoute I have made..then post it on the haters thread which is of ZERO use to anyone.

"I'm going long here at 143xx bla bla" then he waits in anticipation seeming...
Not worry rattyo. Everyone is just here to catch some fun. Losses are part of trading and every trader has his or her own drawdown period. It's not anyone's fault. The fact that your strategy might be failing this period of the EU ranging doesn't mean it won't return to norm. I'm sure cloggie has no hard feelings against you. Just trying to catch some fun.

Moreover, you're not the only one calling wrong trades, but I admire your boldness in calling a trade in the first instance. Some people don't have such confidence to call their trades. They only call the ones already won. In situations like this EU falling for no just cause other than fears over banking sector capitalization, I just sit back and hold my money.

It's just good to know someone cares about your calls. Win or Loose, Trading is a game.

Plus, I'm long 4280. Morning doji star sitting on daily s2 and just above big 38.2 fibo support. SL 4157, TP Open.
Don't just beat the markets, leave bruises.
  • #533,473
  • Sep 1, 2011 5:48am Sep 1, 2011 5:48am
The biggest secret to successful Forex trading is not to trade too big. It took me a while to understand what "Drawdown" really meant. I will explain for the newbies so they don't have to learn the hard way:

If you start with $100 and have 50% chance of trade going either way and you either gain $50 or lose $50. A loss is half (x0.5) your money gone and a gain just gains x1.5 times your money - not double. That means with equal distribution of wins and losses (as with 50% chance of win) you lose on average 1 - 0.5 * 1.5 = 25% of your money every two trades. This is why you should trade only a maximum of 5% of your capital. This way your drawdown is only 1 - 0.95 * 1.05 = 0.25% every two trades.

  • #533,474
  • Sep 1, 2011 5:50am Sep 1, 2011 5:50am
  •  ajdb
  • | Joined May 2011 | Status: stick to your trade plan | 32 Posts
Quoting bumapatria
Let's avoid making an argument here. We're all traders here. Some demo some live. Some want help, some need help. We should help each other

Let's all make some pips!

btw, a scalping long would be good now?
overall I agree with your views..... we should all make pips :-)

If someone doesn't want to give a specific price/target, that's fine. Most people don't appreciate things when they are handed to them and easy money might prevent them from putting in the work.

I've haven't been trading that long, however I can confirm that within my first 3 months I got completely burned. Twice. And it was real money, not a demo account.

I was a fool, thought I could make some quick easy cash. You know what I was right, I did make some quick easy cash, but before I knew it, I'd lost all of it!! I didn't have a credible plan.

I had to do some serious soul-searching before getting back in, but since then I've put in the hours (a lot of hours) I'm starting to make pips - and most importantly keep the pips :-)

It's still early days and I may never be as good as some of these guys, but I don't need to be. I just need my plan to work. It's gonna take me quite some time to recoup the savings I lost, but I'll get there and most importantly I'm really starting to enjoy the ride :-)



p.s. babypips is well worth a visit for anyone starting out.
  • #533,475
  • Sep 1, 2011 5:51am Sep 1, 2011 5:51am
sym just showing views. not trying to be rude
you trade as you feel confident.
it's your own view

i just don't think that would be a better strategy, eventually you will be smack down if you don't use stops, and if you don't accept loses

Best luck
So get ready!
  • #533,476
  • Sep 1, 2011 5:53am Sep 1, 2011 5:53am
Quoting Bro
sym just showing views. not trying to be rude
you trade as you feel confident.
it's your own view

i just don't think that would be a better strategy, eventually you will be smack down if you don't use stops, and if you don't accept loses

Best luck
Yep, trading without stops just postpones the inevitable big loss and creates a false sense of success.
  • #533,477
  • Sep 1, 2011 5:54am Sep 1, 2011 5:54am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting mohan76
it might give 2nd chance at most of the time but it will take every think in single move.

check out this (part of my learning )
I also paid my due to the market, and I learned.
Now I can win (not big money, but real money).
My point is: there are different style of trading. That's all.

Good luck to you
--- nothing to say ---
  • #533,478
  • Sep 1, 2011 5:55am Sep 1, 2011 5:55am
Quoting mohan76
it might give 2nd chance at most of the time but it will take every think in single move.

check out this (part of my learning )
Tell him he's only getting the second chance because the EU has been ranging with great annoyance. When it breaks out of the range...his story will change!
Don't just beat the markets, leave bruises.
  • #533,479
  • Sep 1, 2011 5:57am Sep 1, 2011 5:57am
Quoting inception
Yep, trading without stops just postpones the inevitable big loss and creates a false sense of success.
been doing it for 8 years ? no stops..

sure if the trade goes to crap I close it.

I have a zone where know I'l get out before I enter.
rat
  • #533,480
  • Sep 1, 2011 5:58am Sep 1, 2011 5:58am
Quoting Flynchenberg
One image is worth more than 1000 words.
Hey Flynchenberg

I can't read your level, it look like 4257?? I am watch that zone closely too 4250 to 4300 I just scalping till USA

Sym is ok you have fun, but forex serious business, many people money at stake, while you have fun, please remember if you decide to do serious, your trade style will kill your account very quick.
Bro I not want to sound grumpy & pushy, just try to help
If you are new to Forex? Say Goodbye to your account!!
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