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The Really Useless Thread

  • #10,641
  • Sep 9, 2011 7:20am Sep 9, 2011 7:20am
Quoting hkkhanus
ahh these bastards try to run me over.. i am long again with my BE stop
Just speculation.... I don't even have the right chart in front of me....
  • #10,642
  • Sep 9, 2011 7:21am Sep 9, 2011 7:21am
Quoting cloggie
Found the reason why the EU thread is so full of sh!t.

http://www.bbc.co.uk/news/technology-14843549
lmao
  • #10,643
  • Sep 9, 2011 7:22am Sep 9, 2011 7:22am
Quoting USD-Bear
now find a reason why this thread has so many ego's.....
Useless thread or Eu thread?
  • #10,644
  • Sep 9, 2011 7:22am Sep 9, 2011 7:22am
i am tempted to go short on GU
Quoting hkkhanus
partial out for +25 .. rest at BE
  • #10,645
  • Sep 9, 2011 7:24am Sep 9, 2011 7:24am
Quoting pkimnyc
Useless thread or Eu thread?
lol, this thread not EU's thread
Don't be a hero. Don't have an ego. Always question yourself
  • #10,646
  • Sep 9, 2011 7:24am Sep 9, 2011 7:24am
Quoting sisse
Well the real economy is not looking good across the world. After the financial crisis/recession, monetary policy is exhausted across the CBs except in the US (QE3) and only because it has the monopoly of the world reserve printing machine.

Fiscal policy is also exhausted and Governments are running in huge unsustainable deficits and they need to start re-balancing and cutting cost (very negative for demand and growth short term) and the oxygen in the world economy in the last 3 years (the BRICS) are holding but won't hold a double dip in the...
liquid seeks its own level. if food cost too much. it will sit on the shelf. if people are hungry. they will steal. a big food fight.. then we have a war. its in all the history books,,
those who can, do. those who cant, talk about those who can
  • #10,647
  • Sep 9, 2011 7:25am Sep 9, 2011 7:25am
Quoting hkkhanus
i am tempted to go short on GU

I have been watching your trading style a bit here over the last few days/weeks.

You really need to switch to a higher TF for continuance of trades. Your entries are pretty spot on, but you still have a hard time letting those trades mature, you tend to BE way too soon, only to jump back in 10 pips higher and then see each and every chance to scale in as an opportunity to counter instead.

You had this issue with your Cable trade earlier this week that could have easily become a 120-140 pip one at full blow, instead of a partial at BE and then chicken out before the trade ends.

Just being constructive here.
  • #10,648
  • Sep 9, 2011 7:26am Sep 9, 2011 7:26am
s taken 5973
Quoting hkkhanus
i am tempted to go short on GU
  • #10,649
  • Sep 9, 2011 7:28am Sep 9, 2011 7:28am
lets C how 3870's act

Quoting cloggie
I have been watching your trading style a bit here over the last few days/weeks.

You really need to switch to a higher TF for continuance of trades. Your entries are pretty spot on, but you still have a hard time letting those trades mature, you tend to BE way too soon, only to jump back in 10 pips higher and then see each and every chance to scale in as an opportunity to counter instead.

You had this issue with your Cable trade earlier this week that could have easily become a 120-140 pip one at full blow, instead of a partial at BE and then...
  • #10,650
  • Sep 9, 2011 7:31am Sep 9, 2011 7:31am
Quoting USD-Bear
lol, this thread not EU's thread

  • #10,651
  • Sep 9, 2011 7:36am Sep 9, 2011 7:36am
BE is like using a very old condom,
  • #10,652
  • Sep 9, 2011 7:38am Sep 9, 2011 7:38am
I think I need to work more on my exit strategy, rite?
I think i have this problem just because i have had too many good trades turn bad on me when i was still learning and exit is the most scariest part of a trade for me now
started readying J Murphy's book technical analysis of financial markets, hopping it will help me a bit to sort out this problem, i was also looking at buying that set of OTA course on CD's but not sure about it.



Quoting cloggie
I have been watching your trading style a bit here over the last few days/weeks.

You really need to switch to a higher TF for continuance of trades. Your entries are pretty spot on, but you still have a hard time letting those trades mature, you tend to BE way too soon, only to jump back in 10 pips higher and then see each and every chance to scale in as an opportunity to counter instead.

You had this issue with your Cable trade earlier this week that could have easily become a 120-140 pip one at full blow, instead of a partial at BE and...
  • #10,653
  • Sep 9, 2011 7:43am Sep 9, 2011 7:43am
Quoting hkkhanus
I think I need to work more on my exit strategy, rite?
I think i have this problem just because i have had too many good trades turn bad on me when i was still learning and exit is the most scariest part of a trade for me now
started readying J Murphy's book technical analysis of financial markets, hopping it will help me a bit to sort out this problem, i was also looking at buying that set of OTA course on CD's but not sure about it.

Open a demo account and open the same trade in there. Keep doing what you are doing on your live account, but start working on exits on your demo account on exactly the same trades and see how you can change your style.

Buying courses in my view is a total waste of time and money.

I have used this anecdote before; I have a group of friends that all trade and we get together every once in a while and of course the subject of trading styles always comes up. We are all profitable in our own right, but none of us could trade each other's strategy/style and make it work for us, there is a big dose of gut feeling and instinct in each and every style strategy that you just can't replicate.

Buying a course is useless, that is a style that works for the guy who designed the course and could well never work for you.

There is nothing you can beg, borrow, buy or steal.

There is only one solution, keep at it. BTW, Murphy's book is excellent.

You are halfway there, your entries are pretty spot on, your exits suck though. Heh, most muppets on the EU thread can't even figure out a direction.....let alone an entry.
  • #10,654
  • Sep 9, 2011 7:48am Sep 9, 2011 7:48am
Quoting USD-Bear
now find a reason why this thread has so many ego's.....
I only see couple bastards with ego problem here, but there is not a thing we can do about that. Delusional bastards can't be cured. Too bad.
  • #10,655
  • Sep 9, 2011 7:50am Sep 9, 2011 7:50am
Quoting Larseg
BE is like using a very old condom,

For me most of time mental SL
  • #10,656
  • Sep 9, 2011 7:55am Sep 9, 2011 7:55am
reason
tp that white line
Quoting hkkhanus
s taken 5973
Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 20 KB
  • #10,657
  • Sep 9, 2011 7:57am Sep 9, 2011 7:57am
I got S/0 at +10
  • #10,658
  • Sep 9, 2011 7:59am Sep 9, 2011 7:59am
PA u r cheap whore
Same second going to click sell 3830 u drop
  • #10,659
  • Sep 9, 2011 8:01am Sep 9, 2011 8:01am
almost there.. covered for 40 ish
Quoting hkkhanus
reason
tp that white line
  • #10,660
  • Sep 9, 2011 8:04am Sep 9, 2011 8:04am
3658 next?
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