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  • #481
  • Dec 23, 2011 2:18am Dec 23, 2011 2:18am
Quoting Chicky
Tried after more than 30 years. It reads something like "Zos Moi Pou Sto.........." but not sure ........ Signo Me Para Kalo.
there is two versions the classical

Doz moi pou sto kai kino ten gen

and the doric version Doz moi pa sto kai ten gen kinaso


i picked it not only because I truly believe in my abilities which God has given, I am young and have career in the Medical Field, and I truly have big ambitions as far as trading financial instruments, not just Forex, but Stocks, options, Futures, commodites, and the like. The only thing i pray for is for me not to be corrupted by greed and power once i become a top Forbes 400 billionaire.
anyway i picked it because of it refers to levers, and we have leverage here in forex

i know such hubris lol

It is refreshing to have such great discussion and conversation that is constructive, logical and civil here in FF.
AVT INVENIAM VIAM AVT FACIAM
  • #482
  • Dec 23, 2011 1:17pm Dec 23, 2011 1:17pm
Quoting Chicky
There may be many differing opinions on this. However, I am not concerned with others. I use definite TPs and SLs in most of my trades for few basic reasons.

1. Currencies tend to keep price balance. If I don't take profit, it may come back to my entry or close to it, washing away all my profit or atleast significant part of it.

2. Many of my trades are based on bounce expectations and estimate of their sizes. Therefore my profit is mostly because of temporary price fluctuations at high interest points for both bulls and bears. I have no choice...
Hi,

Just came across this thread and reading through my eye caught this statement, i.e (4. My method is based on many small moves and not one big move. I have to collect many petty profits and pay small losses to the market in order to implement this system.)

My (AH AH moment came) when i started using a method based on many small moves (of 1% of my acc and which when it gets to 10pips moves to BE+5).

Since then i hardly loss a trade.

Merry Xmas to everyone.
It Is Well With My Soul..(Amen)
  • #483
  • Dec 29, 2011 6:19pm Dec 29, 2011 6:19pm
Quoting Chicky
Trade# 57. Hit SL. Loss 1%
Trade# 59. Running
Trade 59 hit sl sometime this morning. Loss 1%

Will post chart later. Have to finish tons of things and very little time for trading.
The Thief of Wall Street
  • #484
  • Dec 29, 2011 8:45pm Dec 29, 2011 8:45pm
Trade #60. Just entered. Long for 160 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 62.jpg Size: 140 KB
The Thief of Wall Street
  • #485
  • Dec 29, 2011 11:20pm Dec 29, 2011 11:20pm
Quoting Chicky
Trade 59 hit sl sometime this morning. Loss 1%

Will post chart later. Have to finish tons of things and very little time for trading.
Its me again
If there was easy money lying around,no one would be forcing it into your
  • #486
  • Dec 29, 2011 11:24pm Dec 29, 2011 11:24pm
Hello. This is my first post and want to thank everyone for their contributions on this thread. I will be contributing on some of my analysis soon. Thanks again.
  • #487
  • Dec 29, 2011 11:41pm Dec 29, 2011 11:41pm
Quoting Chicky
Trade #60. Just entered. Long for 160 pips
don't you close book for year end my friend . i thought all the big fishes book profit before year end
Mohan
  • #488
  • Dec 29, 2011 11:59pm Dec 29, 2011 11:59pm
Quoting FXMindset
Its me again
I am just lazy. This weekend.
The Thief of Wall Street
  • #489
  • Dec 30, 2011 12:04am Dec 30, 2011 12:04am
Quoting mohan76
don't you close book for year end my friend . i thought all the big fishes book profit before year end
I don't. I am a very small crocodile and have no issue with opening or closing a postion.

http://www.guy-sports.com/fun_pictur...trespasser.jpg
The Thief of Wall Street
  • #490
  • Dec 30, 2011 12:06am Dec 30, 2011 12:06am
Quoting Chicky
I am just lazy. This weekend.
Sir

Thats truly amazing how 1% MM and your RR works,I've seen losing streak more than Winning Streak but your Principals $100 still maintain very well even above that,I am recommended a lot members visit your thread for proper trading/MM/RR
I'm hope can meet you someday,apologize for my poor english
If there was easy money lying around,no one would be forcing it into your
  • #491
  • Dec 30, 2011 12:40am Dec 30, 2011 12:40am
Quoting FXMindset
Sir

Thats truly amazing how 1% MM and your RR works,I've seen losing streak more than Winning Streak but your Principals $100 still maintain very well even above that,I am recommended a lot members visit your thread for proper trading/MM/RR
I'm hope can meet you someday,apologize for my poor english
FX, as mentioned earlier, I tried every thing imaginable but nothing works better than this. This method is based on very simple logic and can go with any kind of technical or fundamental tool one may like to use for speculation.

To improve the return, I am still working on Jesse Livermore's method with a small live account but so far unable to find the logic how he was able to quickly turn thousands into millions. Probably because: 1) Later in his career he traded major swings, 2) Traded Commodities and Stocks, 3) Used key fundamentals to assess Underlying Condtions. All these three helped him achieve win:loss rtio of not jsut 70%:30% but 7:3. There is a big big difference between these two. He surely succeeded seven out of ten times and not 70 times out of 100. Therefore was able to take high risk. I cannot achieve this kind of success ratio and therefore best is to replace it with trade volume. In fact this is what he used to do in those bucket shops in his earlier days. But I also have a life and not enough time to try this out putting my career on stake. There is money outside trading business too.
The Thief of Wall Street
  • #492
  • Dec 30, 2011 12:57am Dec 30, 2011 12:57am
Quoting Chicky
FX, as mentioned earlier, I tried every thing imaginable but nothing works better than this. This method is based on very simple logic and can go with any kind of technical or fundamental tool one may like to use for speculation.

To improve the return, I am still working on Jesse Livermore's method with a small live account but so far unable to find the logic how he was able to quickly turn thousands into millions. Probably because: 1) Later in his career he traded major swings, 2) Traded Commodities and Stocks, 3) Used key fundamentals to...
Its possible.
Refining entries is what matters.
Timing swings of high Timeframe with low timeframe precision.

Its time consuming and quite adrenaline rush thing ...

But nonetheless even in long timeframe swing trading you can produce his results if you fine tune entries and cut short losses.
Just my opinion from experience.
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #493
  • Dec 30, 2011 1:10am Dec 30, 2011 1:10am
Quoting Anup
Its possible.
Refining entries is what matters.
Timing swings of high Timeframe with low timeframe precision.

Its time consuming and quite adrenaline rush thing ...

But nonetheless even in swing trading you can produce his results if you fine tune entries and cut short losses.
Just my opinion from experience.
Namaste!

I think swing trading works better in Commodities and to some extent in Sotcks. Forex is a totally different market, same rules may or may not apply here. For example if I had bought EUR/USD three years ago would have paid anything from 1.3000 to 1.5000 but if I had bought gold would have paid $600 to $800. Another thing is retraces. There are so many and few of them so big that stoplosses do not survive even kept hundreds of pips apart. I have experienced few occasions when pa spiked more than 100 to 300 pips to hit my sl and go back in minutes while I am asleep or at work. Now put both sl and tp to have 50% chance of hitting either and not just my sl, violating the principle "cut losses short and let winners run." There was time when Jesse could not trade for years because market was not tradeable. Maybe we are living in a similar time.
The Thief of Wall Street
  • #494
  • Dec 30, 2011 1:15am Dec 30, 2011 1:15am
Quoting Chicky
FX, as mentioned earlier, I tried every thing imaginable but nothing works better than this. This method is based on very simple logic and can go with any kind of technical or fundamental tool one may like to use for speculation.

To improve the return, I am still working on Jesse Livermore's method with a small live account but so far unable to find the logic how he was able to quickly turn thousands into millions. Probably because: 1) Later in his career he traded major swings, 2) Traded Commodities and Stocks, 3) Used key fundamentals to...
Keep Sharing Sir,am will always become your #1 Fans and will follow you till am died,for anyone which asking how my method for trading,etc
am always reffer them to comes for your thread,there's no quality thread than this,Its not about 100% system,or whatever...Its about human mind,etc
If there was easy money lying around,no one would be forcing it into your
  • #495
  • Dec 30, 2011 1:33am Dec 30, 2011 1:33am
Quoting Chicky
Namaste!

I think swing trading works better in Commodities and to some extent in Sotcks. Forex is a totally different market, same rules may or may not apply here. For example if I had bought EUR/USD three years ago would have paid anything from 1.3000 to 1.5000 but if I had bought gold would have paid $600 to $800. Another thing is retraces. There are so many and few of them so big that stoplosses do not survive even kept hundreds of pips apart. I have experienced few occasions when pa spiked more than 100 to 300 pips to hit my sl and go back...
Namaste.

In whatever small experience of 8 years as a trader i have , I would with due respect differ from your view above. I trade everything there is to trade and available to me . Jesse was unlucky to live in current timeframe , if he would have he would have never had to wait years to trade. With the introduction of retail market in fx , the game has changed widely. Volatility , orders , speed of execution has increased creating money flow from one thing to another like usd to stocks , usd to gold, oil to usd , stock markets , commodities and viceversa.
I agree there are occasions your stops would get hit but that would be less often trading longer timeframe . If it occurs often then there is something wrong with the swing trading method or strategy.

I am not trying to prove anything here..this is what i have learnt from experience from the greatest of all teachers --the market himself.

Market has tought us all the necessary virtues of life .

We on FF or anywhere in personal life spend our valuable time , fighting , hurting other people but that is putting us back itself . Market as a guru teaches us to concentrate on our inner aspect and proceed and all doors open for us. There is no limit once we try to break our own limits put by our own mind.

Sorry if my above ramble did hurt anyones feelings or thoughts .
BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
  • #496
  • Dec 30, 2011 1:41am Dec 30, 2011 1:41am
Quoting Anup
Namaste.

We on FF or anywhere in personal life spend our valuable time , fighting , hurting other people but that is putting us back itself . Market as a guru teaches us to concentrate on our inner aspect and proceed and all doors open for us. There is no limit once we try to break our own limits put by our own mind.
Trust me
Chicky is not person that will angry with any kind of post
Btw am like the bold one
IMo only,I am believe Mr.Market Is alive,and the person which would success in this market its not because of their system or whatever,but its because of their correct mindset,The person which eliminate their greed,ego,over confidence,fear,cocky and any kind of beast

Sorry if nobody agreed with my comment
If there was easy money lying around,no one would be forcing it into your
  • #497
  • Dec 30, 2011 1:43am Dec 30, 2011 1:43am
i think its a matter of perspective.

swing trading as you put it is profitable and can be done from the tick chart to piggy back on the daily chart, that is what i do, or day trade the swing whichever i feel like doing.

however chicky is also right,currencies tend to move in waves, because extreme price deviation is economic catastrophe for the country hence it is put back in place and manipulated by the CB's.

stocks tend to work more in tune with the overall indexes, and derive its value from the company itself.
AVT INVENIAM VIAM AVT FACIAM
  • #498
  • Dec 30, 2011 1:49am Dec 30, 2011 1:49am
Quoting Anup
Namaste.

In whatever small experience of 8 years as a trader i have , I would with due respect differ from your view above. I trade everything there is to trade and available to me . Jesse was unlucky to live in current timeframe , if he would have he would have never had to wait years to trade. With the introduction of retail market in fx , the game has changed widely. Volatility , orders , speed of execution has increased creating money flow from one thing to another like usd to stocks , usd to gold, oil to usd , stock markets , commodities...
Anup, you did not hurt anyone's feelings. That is why this thread is in Trading Discussion forum, to hear everybody's opinion.

I tried to explore longer-term trading option but could not get it. Maybe you can help. Two things bother me. 1) how much risk per attempt (or once fully in how much risk to carry) in terms of percentage of one's account. I assume reward dependents on when trend reverses. 2) By the time I realize trend is reversing, pa is almost back to my entry. Or anything you may like to share.

ps - I am currently down 99.5% on my long-term account. Fighting to comeback with 1/2% balance. This account showed 98% profit last year this month.
The Thief of Wall Street
  • #499
  • Dec 30, 2011 2:02am Dec 30, 2011 2:02am
Quoting Chicky
Anup, you did not hurt anyone's feelings. That is why this thread is in Trading Discussion forum, to hear everybody's opinion.

I tried to explore longer-term trading option but could not get it. Maybe you can help. Two things bother me. 1) how much risk per attempt (or once fully in how much risk to carry) in terms of percentage of one's account. I assume reward dependents on when trend reverses. 2) By the time I realize trend is reversing, pa is almost back to my entry. Or anything you may like to share.

ps - I am currently down 99.5%...
Sir Chicky

Am always Love you ( Purely love somekind like treat you as my Wise Teacher or Dad)
If there was easy money lying around,no one would be forcing it into your
  • #500
  • Edited 7:18am Dec 30, 2011 2:04am | Edited 7:18am
Quoting FXMindset
Trust me
Chicky is not person that will angry with any kind of post
Btw am like the bold one
IMo only,I am believe Mr.Market Is alive,and the person which would success in this market its not because of their system or whatever,but its because of their correct mindset,The person which eliminate their greed,ego,over confidence,fear,cocky and any kind of beast

Sorry if nobody agreed with my comment
Fxmindset ,

i agree with you .
Its the correct mindset .
The most difficult part of trading is your mindset as i mentioned in earlier post . We create and see the universe as per our mind.
Its like a frog in pond thinks that its end of universe . Pond is the universe.
Similarly we as per our brain is used and utilised and sharpened create and develop the mind and hence everything around us comes to exist as we percieve the things around.

Quoting the redlion
i think its a matter of perspective.

swing trading as you put it is profitable and can be done from the tick chart to piggy back on the daily chart, that is what i do, or day trade the swing whichever i feel like doing.

however chicky is also right,currencies tend to move in waves, because extreme price deviation is economic catastrophe for the country hence it is put back in place and manipulated by the CB's.

stocks tend to work more in tune with the overall indexes, and derive its value from the company itself.
Exactly.

First of all greetings

I never said he is wrong completely and wouldn't dare as that would make me wrong trying to prove someone wrong without being in his mindset or shoes.

Currencies have there own momentum nothing else, the momentum is result of leverage presented to everyone for matter of PIP [Percentage in point] , so we can all benefit from smallest moves in exchange rate.
I will try to elaborate in my reply to Chicky.

Quoting Chicky
Anup, you did not hurt anyone's feelings. That is why this thread is in Trading Discussion forum, to hear everybody's opinion.

I tried to explore longer-term trading option but could not get it. Maybe you can help. Two things bother me. 1) how much risk per trade in terms of percentage of one's account. I assume reward dependents on when trend reverses. 2) By the time I realzie trend is reversing, pa is almost back to my entry. Or anything you may like to share.
Thank you for being understanding .
That means you are way ahead of other traders in learning curve.
Taking best from even the worst of replies and having a open mindset.
Trading long term or small term , swing or scalp is highly relative.

For example ,
when you take a scalp on small timeframe , its still a swing for even smaller tf and so on .
Everything is relative. Will elaborate on this later if you dont bored reading my boring rambles.
Risk adjustments does matters .
Each has his own perspective , as FXMINDSET says in his "About ME" section of profile , $1 a day can make you rich as well as about fund managers .
The risk varies and so are expectations . They having huge capital and so on and on...Risk is one point each one has to adjust to his own trading styple...

About PA reversing , i will post charts as and when i take trades .
For example my current EU long . See various charts of different timeframes.

Am i sure that this would workout ? Heck no .
But has very high probability due to various factors i have taken in consideration.


I Am just a noob in market ....
Attached Image(s) (click to enlarge)
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BEING PROFESSIONAL IS ALL ABOUT HOW YOU CONTROL FASTEST THING--UR MIND!
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