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  • #572,121
  • Dec 8, 2011 1:05pm Dec 8, 2011 1:05pm
Quoting daemon_delux
Shooting star on H1. Everyone eyes up.
More of a doji something.
"I know one thing, that I know nothing." Sokrates
  • #572,122
  • Dec 8, 2011 1:05pm Dec 8, 2011 1:05pm
Quoting cloggie
I am sorry to be the one to bitchslap you here in public, but you haven't started trading yet and the only thing you have to show for your last 2 years in this business is a vouch from incrediblle.


I have given you a few hints in the last few pages on how to start, let me summarise some.


Trading plan - detailed (why, when, where, how, what etc)
MM and position plan - detailed (entry/exit/tp/sl/scale in and out etc.)
goals and objective plan - detailed (type of trader, future progresssion, personal goals etc)
audit plan - detailed.
project plan...
Hold on! Wait a fuck!ng second. I think i am slow or something. Why did i give in so easily? i cant recognize myself! Btw have u read any of my posts in which i answered ur questions? I just skimmed through this b4 and only now read it entirely:

Trading plan - detailed I told u in a post i answered to u i have one, its not written down because its not complicated. I have it but its in my mind.

MM and position plan - detailed (entry/exit/tp/sl/scale in and out etc.) Part of the 1st trading plan

goals and objective plan - detailed (type of trader, future progresssion, personal goals etc) yes i know what i want to do like i said before

audit plan - detailed. what is this?

project plan - detailed. (future itemised things you want to work on with a project calendar for each) what is this?

audit process - detailed ( each and every trade is screenshot and saved in a folder for review with weekly, monthly, quarterly and yearly review. I told u i have this and i go through it every week and not only for the eurusd

Survivor plan - detailed (max daily/weekly/monthly/quarterly/yearly DD and you stop trading for that period if you hit your DD for that period)
I never stop unless im on tilt, no matter how much i lose. Ok its hard to actually stop while tilting but ive done it b4!

Trading diary ( I have bookcases filled with them over the years) u mean records of trades? Yeah i have this as well.

So basically im sh!t at trading because i dont have experience to have thousands of trades under my belt and dont have a spreadsheet that gives me RR ratio? Really? How many ppl have spreadsheets like these? My goal is to eventually have a really high percentage winning trades and i can get RR 1:1 easily longterm, so i dont see the need for spreadsheets.

As for 'i update my trading plan everyday' whats wrong with that? Is it wrong that im learning new things everyday?

Srry Clog i hope u dont think ive been cooking this in the past hours, but ive just reread all our conversation from the start.
  • #572,123
  • Dec 8, 2011 1:06pm Dec 8, 2011 1:06pm
Quoting Wulfgar
BULLISH!!!
Incrediblle certainly is...
Quant Hedge Fund CEO
  • #572,124
  • Dec 8, 2011 1:06pm Dec 8, 2011 1:06pm
Quoting SirMcPip
And when are you going to show us how to trade like a real pro....well, someone like you, of course!
In THIS particular case news trading is the ONLY way to go.
  • #572,125
  • Dec 8, 2011 1:06pm Dec 8, 2011 1:06pm
Quoting Tom_D_Trader
More of a doji something.
long-legged doji but in this case clearly bearish...
Quant Hedge Fund CEO
  • #572,126
  • Dec 8, 2011 1:08pm Dec 8, 2011 1:08pm
Sorry, Tom, forgot it's name, and shooting star popped up.

Meant to say it's a doji with a long wick, buying power >>> possible bulls coming.

Can't really remember the name right now, really tired. I guess it's off to bed, g'night ya'll.
Please, just slap me around if I'm being silly ...
  • #572,127
  • Dec 8, 2011 1:08pm Dec 8, 2011 1:08pm
Quoting shocfacter
In THIS particular case news trading is the ONLY way to go.
Scalp the technical moves in between the fundies and trade the fundies, thatīs the way to go.
Quant Hedge Fund CEO
  • #572,128
  • Dec 8, 2011 1:09pm Dec 8, 2011 1:09pm
How can that be clearly bearish? Please explain, I might be wrong.

But all I see is a doji after a fall, engulfed by two bullish candles. Oh,yes, and the leg is up.

LE : searched it up, Gravestone Doji. Clearly a bullish up.

Def : Gravestone Doji's are the opposite of the Dragonfly Doji and when confirmed with a bearish engulfing, are the top indicators for a reversal. Appropriately named, they look like gravestone's and could forecast doom for the stock. When the stock opens and closes at the same level after Forex trading, it's referred to as 4 price Doji's. This very rarely occurs and is generally only evident with securities that are thinly traded. This is a bullish trend that provides investors with moderate reliability.
Please, just slap me around if I'm being silly ...
  • #572,129
  • Dec 8, 2011 1:11pm Dec 8, 2011 1:11pm
Quoting Alexone
Hold on! Wait a fuck!ng second. I think i am slow or something. Why did i give in so easily? i cant recognize myself! Btw have u read any of my posts in which i answered ur questions? I just skimmed through this b4 and only now read it entirely:

Trading plan - detailed I told u in a post i answered to u i have one, its not written down because its not complicated. I have it but its in my mind.

MM and position plan - detailed (entry/exit/tp/sl/scale in and out etc.) Part of the 1st trading plan
[b]
goals and objective plan - detailed...
just remember brother... any edge u get in this market is fleeting at best .... as the market grows so must our efforts in adjusting and perfecting and honing said edge

if you arnt willing to go the extra mile just know there are guys out there that are... and they will be there to mop up ur $$$ at every possible opportunity

laziness doesnt get one very far in this biz....

learn what an audit is.... its part of the learning process and self reflection on ur trading decisions may be the most powerful thing any of us can have as traders
  • #572,130
  • Dec 8, 2011 1:12pm Dec 8, 2011 1:12pm
Quoting daemon_delux
Sorry, Tom, forgot it's name, and shooting star popped up.

Meant to say it's a doji with a long wick, buying power >>> possible bulls coming.

Can't really remember the name right now, really tired. I guess it's off to bed, g'night ya'll.
Oh does it? After a bullish trend?

I should send you one print of Japanese Candlestick Charting Techniques...
Quant Hedge Fund CEO
  • #572,131
  • Dec 8, 2011 1:15pm Dec 8, 2011 1:15pm
With the risk of being called a muppet, what bullish trend? Do we have different charts?

Price dropped today from 1.3420ish to 1.33ish. WHAT BULLISH TREND?
Please, just slap me around if I'm being silly ...
  • #572,132
  • Dec 8, 2011 1:16pm Dec 8, 2011 1:16pm
The NY Fed announcement seems to be what was responsible for this current quick pop up. But unless there is more good news coming out of the summit anytime soon im thinking we will start resume bearish.
  • #572,133
  • Dec 8, 2011 1:17pm Dec 8, 2011 1:17pm
Quoting Wulfgar
just remember brother... any edge u get in this market is fleeting at best .... as the market grows so must our efforts in adjusting and perfecting and honing said edge

if you arnt willing to go the extra mile just know there are guys out there that are... and they will be there to mop up ur $$$ at every possible opportunity

laziness doesnt get one very far in this biz....

learn what an audit is.... its part of the learning process and self reflection on ur trading decisions may be the most powerful thing any of us can have as traders
Yes i admit i was lazy in reading his last post, i just skimmed through it because i am so used to him being right that i tend to agree mechanically with him.

I sit 8-16 hrs everyday in Forex and i dont sit there like a robot, i learn things everyday, i feel like i improve everyday! If thats lazy so be it. Cant do anymore than that.

Self reflection of my trades? Thats what an audit is? I dont think theres any1 else on this forum more pissed than me when i lose a trade, because usually when i lose i miss out on something, so dont u worry im all set about that. Not right now...but ill be fine in the future i mean.
  • #572,134
  • Dec 8, 2011 1:17pm Dec 8, 2011 1:17pm
Yeah, I'm off to sleep. Green pips, guys.
Please, just slap me around if I'm being silly ...
  • #572,135
  • Dec 8, 2011 1:18pm Dec 8, 2011 1:18pm
Quoting daemon_delux
Shooting star on H1. Everyone eyes up.
me see no shooting star
  • #572,136
  • Dec 8, 2011 1:19pm Dec 8, 2011 1:19pm
Quoting daemon_delux
Yeah, I'm off to sleep. Green pips, guys.
good night, i use daemon play football manager 2005 - 2012, 8 years by now, a very useful tool.
  • #572,137
  • Dec 8, 2011 1:20pm Dec 8, 2011 1:20pm
Ok, decided, I am keeping this baby overnight to see that Frankie wash-out in the morning...

N8 guys, had enough...
Quant Hedge Fund CEO
  • #572,138
  • Dec 8, 2011 1:20pm Dec 8, 2011 1:20pm
Quoting FXMastermind
long-legged doji but in this case clearly bearish...
I dont have a clue about the names in fact. Thats why I always add "something". But what candle represents is pretty clear to me. I just love this tool. Especially I like to watch last 5min candle of a hourly candle, when there is a fight to close above or below S/R. Or when daily tries to form a doji, or fatty in either way.

T
"I know one thing, that I know nothing." Sokrates
  • #572,139
  • Dec 8, 2011 1:21pm Dec 8, 2011 1:21pm
Quoting daemon_delux
With the risk of being called a muppet, what bullish trend? Do we have different charts?

Price dropped today from 1.3420ish to 1.33ish. WHAT BULLISH TREND?
depends on their time zone. for some short-term traders, if they look at 1H chart, it does form a short-term bullish trend from 1.3290 till now, creates higher low and higher high.
  • #572,140
  • Dec 8, 2011 1:25pm Dec 8, 2011 1:25pm
Quoting daemon_delux
How can that be clearly bearish? Please explain, I might be wrong.
Screw internet explanations. Just have a look at it and understand what candle represents.

We had an attempt for a correction. At my charts, it bounced of 3318 - 3324 support zone and even broke it for a while. But anyway, we were going up for four hours. And when the bulls try to charge up, they got hammered down and managed to make only tiny little dojiorsomething.

T
"I know one thing, that I know nothing." Sokrates
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