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zero number game zeroing me out!

  • #61
  • Sep 6, 2011 1:18pm Sep 6, 2011 1:18pm
Quoting the redlion
wow.

every one is so happy gambling away and when wrong taking a loss.

instead of properly assessing market conditions, scaling in with proper position sizes, and managing the risk interactively.

yet im the new guy that will learn.

20 pip stop 40 pip t/p
been there done that. to each his own, in my part as my account grows trading the wrong way. maybe i should go back to trading the right way and see it diminished.

mental stop is not a price.

one should avert further loss when the market shows you, that you are wrong.
if im wrong and...
All fine and good with a few pennies a pip, it will mess with your head when you try to do it with 50 or 100 lots.

Set and forget then walk away, let the stops and tp's take the strain.

If 8 of 10 are winners who cares about the 2 losers?
  • #62
  • Sep 6, 2011 1:33pm Sep 6, 2011 1:33pm
so you are deducing that i trade pennies a pip still, just like when i started?

a strategy that is sound achieves good results, can be used with a 1000 account or a 1,000,000 dollar account. however if the traders cannot bring himself to stick to his strategy that worked back when he possessed 1000
then its the psychology of the trader to blame.
AVT INVENIAM VIAM AVT FACIAM
  • #63
  • Sep 6, 2011 3:10pm Sep 6, 2011 3:10pm
Quoting the redlion
so you are deducing that i trade pennies a pip still, just like when i started?

a strategy that is sound achieves good results, can be used with a 1000 account or a 1,000,000 dollar account. however if the traders cannot bring himself to stick to his strategy that worked back when he possessed 1000
then its the psychology of the trader to blame.
You talk a good talk for someone who started in January this year. I know you have an exceptional intelligence, you have said so yourself.

Unfortunately most of us aren't as clever as you and have to rely on a pretty much mechanical system to take the stress and psychological element out of trading.

I still say set and forget is better for those of us who don't want to waste their lives messing with trades and only have mediocre intelligence.
  • #64
  • Sep 6, 2011 4:05pm Sep 6, 2011 4:05pm
its not about intellect, and i never said you were mediocre

i respect you, i have seen your posts, this is just an area we disagree on and its based on trading style.

as you pointed out my limited experience, yet if it works improve on it but don't deviate from the basics. that is my philosophy

to me trading is flexibility, there is always a reason for it, and i always want to know why.

why use candles, what do they really tell you( thanx to fti)
why use a SMA what does it really tell you (thanx to crucial point)
why use a measurement of TR, what does it tell you(thanks to jet trader)
why use a reference point(thanx to crucial point, and cloggie)
flexible money management (thanx to fti and jessie livermore)


most importantly what was TA even invented? try trading from quotes bid/ask and you will understand

i stared at the screen for hours, days at a time writing down, patterns, behavior, looking for things i didnt know to look for. i researched all my notes.
market structure, but really understand
macro and micro economics
fractional reserve system
bretton woods agreement
floating exchange rate
open market operations
jobs of the fed, cb, tier 1,2,3, banks
broker,and how they quote
shading
tearing
laws of supply and demand
liquidity
correlations in yields commodities, equities, forwards, swaps, options
DNT, and the importance of cluster zones (why i dont use stops)
displacement
range
velocity
momentum
capacity
volatility
risk
probability and classic and modern probability theories
waves, amplitudes, oscillations,
dow jones theory
elliot wave theory
bollinger bands
macd
sma
smma
ema
wma
stochastics
parabollic sar
rsi
fractals
harmonics
common chart patterns
and much much more, the difference in my quick learning curve is not only that i am very intelligent but i have the hunger and drive to achieve my goals. i always achieve my goals, and one day people will write books about me and my trading, i will move billions of dollars. its a matter of time.
i learned to calculate all these formulas by hand, if i cannot calculate it, i do not use it, because i dont understand them. but you bet i will research it and use what best suits my style.

but the secret is in the quotes bid/ask everything else is a measurement of it.
AVT INVENIAM VIAM AVT FACIAM
  • #65
  • Sep 6, 2011 4:10pm Sep 6, 2011 4:10pm
Quoting the redlion

stop loss is for gamblers
I don't have SL, I shorted eurchf today as the trend is down, and I got margin called, sir.
  • #66
  • Sep 6, 2011 4:20pm Sep 6, 2011 4:20pm
i bet you were over leveraged and were not watching your trade properly
AVT INVENIAM VIAM AVT FACIAM
  • #67
  • Sep 6, 2011 5:30pm Sep 6, 2011 5:30pm
Quoting duyk20
I don't have SL, I shorted eurchf today as the trend is down, and I got margin called, sir.

I think you are getting things mixed up. You were following the trend, and you assumed it will last forever?

Have you ever heard that the further a trend goes, the weaker it becomes? If you were a no SL trader you should be countering the trend! and ought to make money today.

King.
  • #68
  • Sep 6, 2011 5:45pm Sep 6, 2011 5:45pm
Quoting the redlion
its not about intellect, and i never said you were mediocre

i respect you, i have seen your posts, this is just an area we disagree on and its based on trading style.

as you pointed out my limited experience, yet if it works improve on it but don't deviate from the basics. that is my philosophy

to me trading is flexibility, there is always a reason for it, and i always want to know why.

why use candles, what do they really tell you( thanx to fti)
why use a SMA what does it really tell you (thanx to crucial point)
why use a measurement of...
Thanks for the respect, back at you but I promise you you are over complicating things.

Candles along with fractals do tell you everything, you can forget all the other sh*te.

I don't trade CHF pairs but TA screamed the moves this week.

P.S. TA wasn't invented, it is what it is.
  • #69
  • Sep 6, 2011 5:49pm Sep 6, 2011 5:49pm
Quoting jag1966
Thanks for the respect, back at you but I promise you you are over complicating things.

Candles along with fractals do tell you everything, you can forget all the other sh*te.

I don't trade CHF pairs but TA screamed the moves this week.

P.S. TA wasn't invented, it is what it is.
hahahha

i got my own style, i am aware of TA but i cannot predict price so, i trade in a way that makes sense to me.

i dont have any lines on my chart but the daily open, and maybe the hourly SMA
AVT INVENIAM VIAM AVT FACIAM
  • #70
  • Sep 6, 2011 6:02pm Sep 6, 2011 6:02pm
Quoting the redlion
hahahha

i got my own style, i am aware of TA but i cannot predict price so, i trade in a way that makes sense to me.

i dont have any lines on my chart but the daily open, and maybe the hourly SMA
You say time doesn't matter and you have no lines yet the daily open is a line and the hourly sma is a result of lines and time.

Think carefully about that.
  • #71
  • Sep 6, 2011 6:58pm Sep 6, 2011 6:58pm
daily open is a reference point

lets me see how price is moving relative to daily trend, that is all it is.
i see the candle in real time, what im looking for is strength of the underlying force buying or selling pressure

daily SMA i dont generally use it for the squiggly line

i use it for the actual average, it gives a reference point of
1 fair market value for the hour
2 momentum
3 change in direction
4 volatility
AVT INVENIAM VIAM AVT FACIAM
  • #72
  • Sep 6, 2011 7:35pm Sep 6, 2011 7:35pm
wow, you guys are not really answering the questions, and just keep going of at tangents, trying to tell your self ( and others) that your trading strategy is the best, everybody trades differently to each other.
  • #73
  • Sep 7, 2011 3:39am Sep 7, 2011 3:39am
Haha, stop being ridiculous guys. You all are too smart, we don't need to be too smart in this game
  • #74
  • Last Post: Sep 7, 2011 3:50am Sep 7, 2011 3:50am
Quoting kingsurfer

Have you ever heard that the further a trend goes, the weaker it becomes? If you were a no SL trader you should be countering the trend! and ought to make money today.
Stop right there, dude, I would like to know who the hell give you 4 V to advise people here
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