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  • #566,121
  • Nov 25, 2011 1:11pm Nov 25, 2011 1:11pm
Ok, in fact I dont care how Norm trades and I didnt read his posts, but let me quote this offensive post.

Quoting Alexone
And also tell us about trades u are considering but u are only 70% sure about them.
Whats wrong with 70% of confidence? Thats probably highest number of my confidence about the trend I have ever reached.

Quoting Alexone
And u dont have jack of an edge and u couldnt even take money from a baby, not to mention from banks, with ur 100 tp and 300 sl. Even IF u eventually hit ur target. This i guarantee.
Ok, this is actually kinda funny .

Quoting Alexone
Whoever uses a fixed SL rather than a logical way to place it, is more often than not, a complete idiot.
Now this is silly. You can have fixed SL while scalping or if your entry is precise. He is not, so it is irrational, but this statement is very silly anyway.

Quoting Alexone
If that person has a tp 3 times smaller than his sl is simply a nutbag.
Ok, thats true, but not funny.

Quoting Alexone
U are prolly both yet u ramble in here how good u are. And to all ppl that think normfx is good, i got one final thing to say: Did u know that he DOESNT USE CHARTS to make his trading decisions? He trades based on PLANETS! Yes Captain Planet himself is among us.
Dont underestimate planetary cycles. I dont use them, its kinda mumbo jumbo but people are 90% made of water and look what moon does to the sea. There are many things between earth and air we dont understand. Interpretation is the hard part.

Anyway, although you may be right in some aspects, you wrote several silly things yourself. First look into the mirror and then be rough on others.

I am out to have some drink, enjoy weekend.

T
"I know one thing, that I know nothing." Sokrates
  • #566,122
  • Nov 25, 2011 1:11pm Nov 25, 2011 1:11pm
Quoting meromar
PRAYING IS FORBIDDEN, only devil in the market, god is absent
God with a small 'g'? That has a completely different meaning. There are some words that you cannot grammatically take short cuts on.

There is always a retrace. What's the big deal? I'll wait for it to go back up to say 3320 so I can short again.
Taigen Profit This Month: na
  • #566,123
  • Nov 25, 2011 1:16pm Nov 25, 2011 1:16pm
Quoting Taigen
God with a small 'g'? That has a completely different meaning. There are some words that you cannot grammatically take short cuts on.

There is always a retrace. What's the big deal? I'll wait for it to go back up to say 3320 so I can short again.
MY SWEET LORD
  • #566,124
  • Nov 25, 2011 1:17pm Nov 25, 2011 1:17pm
Quoting Tom_D_Trader
First look into the mirror and then be rough on others.


T
Ok i have this old whip in my closet. Things are gonna get rough tonight for me.

Seriously now dont u worry...im always being hard on myself. I know i have A LOT to improve on. I wouldnt mind some criticising from ppl like u thats for sure. However my common sense is telling me that planets should only be used when analyzing the Milky Way.
  • #566,125
  • Nov 25, 2011 1:22pm Nov 25, 2011 1:22pm
Well, the voices in my head are having a serious debate as to when would be the best time to position a short. Fred says 3270, Wilfred says 3295, and Mabel say 3320. Decisions, decisions. I guess I'll do all three.
Taigen Profit This Month: na
  • #566,126
  • Nov 25, 2011 1:22pm Nov 25, 2011 1:22pm
Quoting Tom_D_Trader
Just for fun, to add more confusion into divergence topic.

I use simple momentum, but only as a support tool.

Divergence appeares on lower periods first and then slowly shifts to longer and longer periods.

Mathematically speaking, no divergence has to occur, but if you properly set your indicators you can see it pretty often.



T


Hi T.,

mathematical speaking no divergences have to occur, but the waves/price is more a function of social mood than a mathematical aspect.

That is the reason why we can observe nearly everytime a divergence. We only have to go down the TF's to find the diverging one.
  • #566,127
  • Nov 25, 2011 1:28pm Nov 25, 2011 1:28pm
Quoting normfx
Now now little grashopper..stick around you may learn something.

Btw- with a 300 pip stop its not hard to "win" 90% of the time..problem is ..thats 1 in 10 losses..that will destroy you quickly..I won't go into detail lil grasshopper, but obviously you know nothing about percentages and stop losses...come back when u do lil one.
90% win rate with 3:1 R:R is still profitable, you need atleast 75% winrate to be profitable with that R:R
  • #566,128
  • Nov 25, 2011 1:31pm Nov 25, 2011 1:31pm
Quoting Alexone
I have to say i already learned something from u. I see it now...wasnt expecting to happen so soon tho...I learned that...u are a funny man. Yes i have to admit u made me laugh with this. Dunno if it was ur intention or not but kudos to u.
One thing i've noticed in this game..those that don't win are usually nasty to
those that they don't agree with or are new to the game..especially newbie's..not sure what you're trying to prove with such a poor personality, but it only proves to me that you are not successful...if you were you wouldn't try to put eveyone down..I've seen you do that to many over the last few days..not sure why you need to be like that..and not sure why management allows you to do it..its not good for their image or business.
entry - 1.29250 s/l 200 pips
  • #566,129
  • Nov 25, 2011 1:33pm Nov 25, 2011 1:33pm
Quoting sidhujag
90% win rate with 3:1 R:R is still profitable, you need atleast 75% winrate to be profitable with that R:R
Who said my r/r was 3 to 1..I didn't.
entry - 1.29250 s/l 200 pips
  • #566,130
  • Nov 25, 2011 1:35pm Nov 25, 2011 1:35pm
Quoting Alexone
I would have been in this trade if not for...well u can figure it out on ur own. Unreal. Could some1 recommend me a great broker?
Wow, weird. I'd recommend MB Trading, never had any problem with them.
  • #566,131
  • Nov 25, 2011 1:42pm Nov 25, 2011 1:42pm
Whats up folks, hope you doing better than me.
Was too sick yesterday and still feeling like crap so I didn't trade and don't plan to do it today either.

I just noticed bullish ABCD on 4 hr chart, may very well play out.

stay safe.
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  • #566,132
  • Nov 25, 2011 1:59pm Nov 25, 2011 1:59pm
Quoting Nik655
this week i learned a valuable lesson. Holding too long is bad. I had a chance to close positions on Monday and Wednesday that would have increased my balance by 50% from my original deposit. Instead i waited too long each day and ended up making next to nothing and even taking a loss on Tuesday. Take what you can, move SLs tightly. and consider the fact that even making 1-5% a day is a LOT on in the grand scheme of things.

Trading should not be looked at as a "get rich quick" scheme. Look at it as a normal job which pays a stable income. If...
totally agreed.
  • #566,133
  • Nov 25, 2011 2:01pm Nov 25, 2011 2:01pm
Quoting normfx
One thing i've noticed in this game..those that don't win are usually nasty to
those that they don't agree with or are new to the game..especially newbie's..not sure what you're trying to prove with such a poor personality, but it only proves to me that you are not successful...if you were you wouldn't try to put eveyone down..I've seen you do that to many over the last few days..not sure why you need to be like that..and not sure why management allows you to do it..its not good for their image or business.
I dont think by mockery ive broken any forum rules. And I really dont think a poor personality defines the type of trader u are. I dont think mines that bad but i do know that im sarcastic. Ive been told this b4! And buddy listen to me...im not trying to put u down! It was never my intention and im sorry if u perceived it this way. U go ahead and do what u want with ur money/demo account/w/e! Maybe ur right and im wrong. Never let any idiot put u down and make u doubt urself. Myself included. I had the impression i made more fun of the 2-3 ppl than put them down. I really didnt want to be perceived as 'the guy thats put them down'. I mean who the heck am i? God?
  • #566,134
  • Nov 25, 2011 2:14pm Nov 25, 2011 2:14pm
Quoting tashkent
now I am more convinced than ever before that a sl is a must for every retail trader unless he is watching the moves closely. now i always try to set tight SL and move to BE as soon as i get an opportunity, however that increases the chance of being stopped out. yesterday i was stopped out twice at BE when decided let the profit run, and 2 SL hit with overall 20 pips loss... well that is market, I am sure with just one good trade i can cover a few lost trades. most important thing is trade management, and not to lose more than you can afford..
I agree. Take proft or let it run is a huge tradeoff to make.
I can't remember who said this, but I saw someone mentioning that forex is easy. What's hard is to be grateful, and take what market gives you and walk away.

I had lots of this painful experiences. So i started to partially close my positions when I put the sl to breakeven, most of the time. You gotta shut down the greed to be successfull.
  • #566,135
  • Nov 25, 2011 2:18pm Nov 25, 2011 2:18pm
Fx Babie, if you see this, we miss you and want yo0u back.
  • #566,136
  • Nov 25, 2011 2:41pm Nov 25, 2011 2:41pm
Quoting Cerber.bf2
Fx Babie, if you see this, we miss you and want yo0u back.
Talk about perfect timing... His $1 account is blown to pieces, to $0, same time as he got banned.
  • #566,137
  • Nov 25, 2011 2:59pm Nov 25, 2011 2:59pm
I dont understand...how can u post a trade with 1$ in ur account? Is that even possible?
  • #566,138
  • Nov 25, 2011 3:01pm Nov 25, 2011 3:01pm
Quoting Alexone
I dont understand...how can u post a trade with 1$ in ur account? Is that even possible?
No clue...
  • #566,139
  • Nov 25, 2011 3:26pm Nov 25, 2011 3:26pm
Quoting Alexone
I dont understand...how can u post a trade with 1$ in ur account? Is that even possible?
there are some super small accounts..
for example, Oanda allows people trade with 0.0001 lot, which means if FX-Babie bought EU at 1.4220 and it drop to 1.3220, he would lose 1 dollar.
  • #566,140
  • Nov 25, 2011 4:11pm Nov 25, 2011 4:11pm
Quoting Alexone
No worries...I predicted 3245 will hold for buyers. NOT. O well...See u all on Monday. Edit: norm what did u say ur SL was for GBPUSD?
we have to look forward but thanks
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