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The Really Useless Thread

  • #20,321
  • Sep 30, 2011 10:26am Sep 30, 2011 10:26am
Quoting pkimnyc
2% risk every trade. max sl used was 20 this week. 1 min, 5min, 15 min for entry. 10-20 sl is equivalent to 2%. just walked out from top 220 pips on the largest trade.
Pretty much the same thing I did on my swing account... I didn't give any specifics on my posts, but was making note of it.

Think I said somewhere along the lines to begin selling all rallies. lol.

Do you do any type of scaling in? I've been trying to figure out how I want to do that on the dailies. Right now, I simply leverage my maximum amount I allow on any one pair against my risk.
  • #20,322
  • Sep 30, 2011 10:26am Sep 30, 2011 10:26am
Quoting Larseg
Holy shit, that's like a year for me
7 a day keeps the doctors away :-)
  • #20,323
  • Sep 30, 2011 10:29am Sep 30, 2011 10:29am
Quoting Larseg
Ok,

I love to lock in profits, especially in forex...
depends on how confident i am with set up, just lock in profit, don't take profit until it reaches the target. i usually pick up more positions along the way, so i just take profits on those but leave the top or bottom ones untouched.
  • #20,324
  • Sep 30, 2011 10:30am Sep 30, 2011 10:30am
Quoting Venice
Pretty much the same thing I did on my swing account... I didn't give any specifics on my posts, but was making note of it.

Think I said somewhere along the lines to begin selling all rallies. lol.

Do you do any type of scaling in? I've been trying to figure out how I want to do that on the dailies. Right now, I simply leverage my maximum amount I allow on any one pair against my risk.
used to scale positions but not anymore. just pick up on the easy ones in same directions. i build positions that way. returns are very nice.
i can't hedge, so all i can do is build positions in one direction only. lol
  • #20,325
  • Sep 30, 2011 10:30am Sep 30, 2011 10:30am
Quoting pkimnyc
depends on how confident i am with set up, just lock in profit, don't take profit until it reaches the target. i usually pick up more positions along the way, so i just take profits on those but leave the top or bottom ones untouched.
nice % there.....did close 25% for the month....
  • #20,326
  • Sep 30, 2011 10:31am Sep 30, 2011 10:31am
Quoting pkimnyc
yea. if i'm in the market all the time then i lose more. i trade like i do scalp at the swing level. smaller tf for entry picking, but what im looking at is 1 hr tf at least.
I do something very similiar.

As a great example, that is happening now... we have Cable.

It just produced it's first LL (H4) from the last swing. Now I will wait for it to rally, actually, what it is doing now. As long as it doesn't create a new HH, I will begin zooming in on the lower time frames and letting them turn as well, H1 most important. Once that happens, it's time to lock and load.
  • #20,327
  • Sep 30, 2011 10:31am Sep 30, 2011 10:31am
Quoting pkimnyc
depends on how confident i am with set up, just lock in profit, don't take profit until it reaches the target. i usually pick up more positions along the way, so i just take profits on those but leave the top or bottom ones untouched.
nice, well played
  • #20,328
  • Sep 30, 2011 10:39am Sep 30, 2011 10:39am
i know and it can be such a pain
Quoting Venice
hehe, did something similiar, bastards finally released.

Man, PA around turning zones are always so chaotic.
  • #20,329
  • Sep 30, 2011 10:40am Sep 30, 2011 10:40am
closed all for now... i know its probably going to shoot all the way upto 3530 now.. bitch
Quoting hkkhanus
partial out at +30 rest at BE
  • #20,330
  • Sep 30, 2011 10:41am Sep 30, 2011 10:41am
Quoting hkkhanus
closed all for now... i know its probably going to shoot all the way upto 3530 now.. bitch
It did just make a HH. What a bastard. Lets see where this next down move sinks too.
  • #20,331
  • Sep 30, 2011 10:42am Sep 30, 2011 10:42am
Quoting hkkhanus
weldone brother
you kicked some a$$
  • #20,332
  • Sep 30, 2011 10:44am Sep 30, 2011 10:44am
Quoting needpips
nice % there.....did close 25% for the month....
nice job.
  • #20,333
  • Sep 30, 2011 10:45am Sep 30, 2011 10:45am
Quoting hkkhanus
closed all for now... i know its probably going to shoot all the way upto 3530 now.. bitch
sure is a bitch,

Inserted Video
  • #20,334
  • Sep 30, 2011 10:46am Sep 30, 2011 10:46am
Rite... off to work .. See ya later bastards
goodluck all
hk
  • #20,335
  • Sep 30, 2011 10:47am Sep 30, 2011 10:47am
hehe... this song reminds me of the markets.

I also serenaded my ex-girlfriend with this song. LOL

Inserted Video
  • #20,336
  • Sep 30, 2011 10:50am Sep 30, 2011 10:50am
Quoting hkkhanus
closed all for now... i know its probably going to shoot all the way upto 3530 now.. bitch
leave it bro. london is out + it's friday. be happy about the profit. more and better opportunities next week. it's been that way, and i don't think it will change anytime soon.
  • #20,337
  • Sep 30, 2011 10:55am Sep 30, 2011 10:55am
Quoting gatorinla
id rather 3494 or 3510.. but pa has not indicated that to me yet.
pa says 3505 min... either of the above are included. maybe even 3517.
after week may want to close below 3398...3737 is still valid until we make a new low. last nights pa indicated 3360 or 334x min.. so this may just be a bounce for a lower move before close. . last weeks candle close indicated a b/o on the weekly.. so we still have time to close below..
those who can, do. those who cant, talk about those who can
  • #20,338
  • Sep 30, 2011 11:07am Sep 30, 2011 11:07am
Quoting gatorinla
pa says 3505 min... either of the above are included. maybe even 3517.
after week may want to close below 3398...3737 is still valid until we make a new low. last nights pa indicated 3360 or 334x min.. so this may just be a bounce for a lower move before close. . last weeks candle close indicated a b/o on the weekly.. so we still have time to close below..
needless to say to go to 3505 it has to get past 3460.. so 3461/62 hit is the clue.. up to 3505 then down to 33xx would not be out the question before week close.
those who can, do. those who cant, talk about those who can
  • #20,339
  • Sep 30, 2011 11:10am Sep 30, 2011 11:10am
Quoting gatorinla
needless to say to go to 3505 it has to get past 3460.. so 3461/62 hit is the clue.. up to 3505 then down to 33xx would not be out the question before week close.
bears wouldnt mind a close below 3387 on the week either...
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Look Sharp/Trade Tight
  • #20,340
  • Sep 30, 2011 11:13am Sep 30, 2011 11:13am
Quoting gatorinla
needless to say to go to 3505 it has to get past 3460.. so 3461/62 hit is the clue.. up to 3505 then down to 33xx would not be out the question before week close.
3434 will probably cancel the bulls.. close atm
those who can, do. those who cant, talk about those who can
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