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  • #572,761
  • Dec 9, 2011 7:41am Dec 9, 2011 7:41am
Quoting FXMastermind
Let me introduce you to other guys in the prestigious society called My Ignore List. Have fun there.
Perfect answer
  • #572,762
  • Dec 9, 2011 7:42am Dec 9, 2011 7:42am
Quoting Tom_D_Trader
Btw, Incrediblle managed to bounce of support zone at (-15%,-29%) and now is charging heavy ressistance at 0%. So hopefully, his account will survive his time in temporary suspendation and he will join us soon.

T
Nice job! Looks like he dodged the head and shoulders pattern! Way to break technical resistance
  • #572,763
  • Dec 9, 2011 7:43am Dec 9, 2011 7:43am
Quoting koliva
Perfect answer
Sheep.
  • #572,764
  • Dec 9, 2011 7:45am Dec 9, 2011 7:45am
Quoting Yuchen
I think he had a long around 1.33XX last week and closed 1.35XX so he got around 200 pips, if he had another long around 1.33XX and s/l 1.31XX (the low at Oct) and he just used his last week profit trade so he is riskless in terms of a month return so far..
I am either wait for a gamble at 1.32XX to buy 0.025 lot with s/l at 1.31XX (will be 0.75% of my total balance if i got s/l) or wait for sell on high if it can go to 1.38XX
i dont know why you are still replying to this person, luckily i dont see what he is writting... just relax and let him fight with himself like a monkey
When life gives you lemons, make lemonade
  • #572,765
  • Dec 9, 2011 7:46am Dec 9, 2011 7:46am
down! a little more if you can, thanks
  • #572,766
  • Dec 9, 2011 7:47am Dec 9, 2011 7:47am
Quoting Yuchen
... he just used his last week profit trade so he is riskless in terms of a month return so far..
I dont know Michoīs system. But in my system, just the fact I am in profit this month wont make me to risk loosing it. I value every single pip and consider heavily when to enter.

For example this week I didnt enter single trade. I am heavily bearish in long term and I was waiting for correction at least to 3582. It didnt came, so I am flat. I am in profit so I could enter at 3457 for example, but I just dont, because I am not confident about this weeks bear that much. I still keep in mind hope rally before last summit.

Btw, I know it is always good to follow your system. I just enjoy making fun of him, because he called fundamentals useless, and fundamentals heavily prevail lately. I think every trader should listen to market, especially in these times.

T
"I know one thing, that I know nothing." Sokrates
  • #572,767
  • Dec 9, 2011 7:48am Dec 9, 2011 7:48am
Quoting Tom_D_Trader
Btw, Incrediblle managed to bounce of support zone at (-15%,-29%) and now is charging heavy ressistance at 0%. So hopefully, his account will survive his time in temporary suspendation and he will join us soon.

T
he will learn one day and started to trade from 0.01 or 0.02 lot and i believe he will be a not losing trader after a few years.
  • #572,768
  • Dec 9, 2011 7:51am Dec 9, 2011 7:51am
Quoting kbeza
down! a little more if you can, thanks

IF this turns out to be a wave C correction then you may just get that as minimum target would be 1.3316
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  • #572,769
  • Edited 9:33am Dec 9, 2011 7:51am | Edited 9:33am
Dear Cloggie,

Since I feel so bad for you I have decided to share my secrets with you:

1) Never start the day by reviewing the higher timeframe charts and creating a trade plan. (So what if there is a giant pinbar or major trend line on the daily - that will just bias your opinion, and the key thing in forex is to be able to shoot from the hip.)

2) Never look to the left - that's just old history. What matters in trading is the righthand side of the chart - that's where the action is.

3) You can get rid of all those old support lines and magic numbers too - they're just cluttering up your chart/head.

4) Set your pivots to GMT +4. If you use the London and NY pivots you'll just be looking at the same thing everyone else is, and we all know that you'll never make any money that way.

5) Real traders never wait for confirmation before placing a trade.

6) Leverage is your friend - money management is for wimps.

I hope these tips will help you be more like the traders you are striving to emulate as a careful reading of your post shows that you consistently fail in these areas.

On a personal note:

If you ever expect to get any clients for the fund you are going to start from FF members, you'll have to stop calling people muppets and start talking a little nicer to Incredible and SirPips in your posts.




Quoting cloggie
Guys I really need your help with a few things.

Earlier this week some guy here kept having a go at me for adding to trades, he said something like "losers average losers", as you can see by the chart here, I keep doing that. I am still not sure what he was trying to say and I really want to learn.

Secondly, I only did a 155 pip trade yesterday, then called a 60pip trade last night, only did 120 pips here this morning and am now up 80 pips here, that is only 405 pips in 2 days, there is one guy here who posts every night how he does 800 pips...
  • #572,770
  • Dec 9, 2011 7:53am Dec 9, 2011 7:53am
Quoting Tom_D_Trader
I dont know Michoīs system. But in my system, just the fact I am in profit this month wont make me to risk loosing it. I value every single pip and consider heavily when to enter.

For example this week I didnt enter single trade. I am heavily bearish in long term and I was waiting for correction at least to 3582. It didnt came, so I am flat. I am in profit so I could enter at 3457 for example, but I just dont, because I am not confident about this weeks bear that much. I still keep in mind hope rally before last summit.

Btw, I know it is always...
Very good and that's why you are on your successive trading way now. I have to disagree with him that fundamental is useless, in my opinion, fundamental is even more important than techincal, techincal helps you find a better position and time to enter but fundamental lead the true direction.

I can see you are a patient trader and stick on your plan, which i am trying to be right now and hopefully i will keep make impovement like you guys.

I also agree with you EU is bearish for a long term and it would be very very exciting if EU can really reach to 1.38XX because that is a very good point to short in my opinion.
  • #572,771
  • Dec 9, 2011 7:55am Dec 9, 2011 7:55am
Quoting micho
i dont know why you are still replying to this person, luckily i dont see what he is writting... just relax and let him fight with himself like a monkey
Ah, such a shame you dont see my posts. I love to fight with myself, but only inside my head. Noone from the outside of my little vacuum would understand. When you learn to fight with yourself each and every second, you are on a good way to receive bachelors degree in Chaos.

T
"I know one thing, that I know nothing." Sokrates
  • #572,772
  • Dec 9, 2011 8:00am Dec 9, 2011 8:00am
Quoting MaxDoom
IF this turns out to be a wave C correction then you may just get that as minimum target would be 1.3316
thanks. iīm a rookie. have to read more about waves. really thank you
  • #572,773
  • Dec 9, 2011 8:01am Dec 9, 2011 8:01am
Quoting MissPips
If you ever expect to get any clients for the fund you are going to start from FF members, you'll have to stop calling people muppets and start talking a little nicer to Incredible and SirPips in your posts.
Well, mentally unstable or ill people arenīt legally allowed to manipulate with their money so this clearly removes Incrediblle and comp. from the game anyway...
Quant Hedge Fund CEO
  • #572,774
  • Dec 9, 2011 8:03am Dec 9, 2011 8:03am
Quoting kbeza
thanks. iīm a rookie. have to read more about waves. really thank you

from a wave point of view that IF is now not valid... so I would now be looking for 1.34xx as per chart.

The problem with wave counting is you have to constantly alter your count as history unfolds..... but can be very accurate if you know how.
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  • #572,775
  • Dec 9, 2011 8:04am Dec 9, 2011 8:04am
Quoting kbeza
thanks. iīm a rookie. have to read more about waves. really thank you
Here is the best wave ever....go to a 1min chart on MT4...Magnify your chart to it stops then back it up with 2 clicks....WAVES FOR DAYS!!! It's a billion ways to trade...Pick one way and take it straight to the bank!!
  • #572,776
  • Dec 9, 2011 8:04am Dec 9, 2011 8:04am
Quoting FXMastermind
Well, mentally unstable or ill people arenīt legally allowed to manipulate with their money so this clearly removes Incrediblle and comp. from the game anyway...
Too bad your opinion/judgement does not matter
  • #572,777
  • Dec 9, 2011 8:06am Dec 9, 2011 8:06am
Quoting theIEguy9_09
Here is the best wave ever....go to a 1min chart on MT4...Magnify your chart to it stops then back it up with 2 clicks....WAVES FOR DAY!!! It's a billion ways to trade...Pick one way and take it straight to the bank!!

lol not a wave fan then
  • #572,778
  • Dec 9, 2011 8:09am Dec 9, 2011 8:09am
Quoting micho
i dont know why you are still replying to this person, luckily i dont see what he is writting... just relax and let him fight with himself like a monkey
easy my orange friend, he is an insightful trader and you too. you guys just have different opinion on this pair but maybe both of you can make big kill, you close your long when it goes to 38XX and he shorts at that point then it go to 1.2XXX next year..
by the way, i ate 7 kiwi the day before yesterday so maybe that's why NZD/USD also dropped aggressively yesterday, i will eat 7 orange later today and i hope you will be safe.
  • #572,779
  • Dec 9, 2011 8:10am Dec 9, 2011 8:10am
hy i want to thank the two trading monsters, for the nice entertainment and for the great trading leasson today. learned so much!
  • #572,780
  • Dec 9, 2011 8:10am Dec 9, 2011 8:10am
Quoting MaxDoom
from a wave point of view that IF is now not valid... so I would now be looking for 1.34xx as per chart.

1.34 back in sight
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