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  • #586,981
  • Jan 22, 2012 11:44pm Jan 22, 2012 11:44pm
Forget the trends and support and resistance. I believe there are the retail traders (most of us), and then there are the dealers (the market makers).

They shake us out of our cash then make their move when they are ready, we have to all follow suit. Time the move correctly its usually a large move. Its tricky though following the up down thin pattern on the lower minute charts. My 2c
  • #586,982
  • Jan 22, 2012 11:46pm Jan 22, 2012 11:46pm
Look if all you peeps want some really good advise. Come back here in two to three hours, and the real traders will be around and you can learn from them.
  • #586,983
  • Jan 22, 2012 11:46pm Jan 22, 2012 11:46pm
auddaytrader ,

it's geting bit personal now , may be good idea to stop at this point, take small nap before franky , sweet dreams my friend
Mohan
  • #586,984
  • Jan 22, 2012 11:48pm Jan 22, 2012 11:48pm
Quoting auddaytrader
Ok you have been here for 2years going on 3 and you have one voucher. Kinda sad dont you think.
It has been proven that vouchers are meaningless here.
  • #586,985
  • Jan 22, 2012 11:50pm Jan 22, 2012 11:50pm
Quoting auddaytrader
Ok you have been here for 2years going on 3 and you have one voucher. Kinda sad dont you think.

If you know where price action is going why would you scalp????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Makes no sense to me?

Why do you trade? You are betting that you know where PA is going. So you can skip the time to wait for NY or LO and trade lower tf's because each bar is formed faster, your SL/TP adjusts accordingly.

Vouch's are no indication of trading skill, half the ppl on here at +10'vs and can't be considered successful traders. Some are some aren't.

Your logic is flawed just like your trading most likely, you need to look have a reality check before you continue, go back to demo and try again. You'll probably lose at this game with your thinking. I'm being honest. Your attitude stinks and it will show in your trading.

If you need proper advice on what scalping CAN DO for you then ask me otherwise I kindly request that you mute the negativity and try to help others since you're not helping by making those comments, valid or invalid.
  • #586,986
  • Jan 22, 2012 11:50pm Jan 22, 2012 11:50pm
Quoting todstars2
Wow! Ive met the Trading God who has come to set me straight.

Everyone plays the game the game there own way.

No reason to go round calling people names just because they don't agree with you.

Bet you wouldn't dare speak to someone in real life that way. ;-)
You see Mr. Todstars, you really don't know do you? Some people are just naturally aggressive. That's me. I would to, if i heard someone telling people to risk 10% of there money on a trade I would say something in a heartbeat, becuase I dont think thats right. Yes, I dont care what anyone thinks about me, because I am an asshole, and i make an insane amount of money trading curriencies. So i try to help people it just comes out the wrong way. So think whatever you like.
  • #586,987
  • Jan 22, 2012 11:50pm Jan 22, 2012 11:50pm
Quoting auddaytrader
Your an idiot. Dont tell people that crap. What a bunch of freaking idiots here man. Losing 10 percent of your money, no wonder your freaking broke. NEVER RISK MORE THAN 2% of your money EVER, on any trade. Moron.
BTW

I know its tough to discern but the statement was "...make sure not to lose more than 10% of your trading capital..."

NOT

"lose 10% of your capital before cashing out of your trade"



Subtle I know, but if your quick you can catch on.





Quoting todstars2
I agree, losing is part of the process.

Losing means you are just that much closer to winning if your playing smart.

MARKETS ARE A GAME OF PROBABILITY, NOTHING ELSE.

Just make sure not to lose more than 10% of your trading capital on any given trade. Preserve your bankroll to trade another day

Don't be afraid to take a loss, take your losses quick and let your profits ride.


Also, read some books. Candlestick charting, trend trading, momentum trading, fundamentals. Read alot! On all methods. They start to blend and you start to...
  • #586,988
  • Jan 22, 2012 11:51pm Jan 22, 2012 11:51pm
Quoting sidhujag
Why do you trade? You are betting that you know where PA is going. So you can skip the time to wait for NY or LO and trade lower tf's because each bar is formed faster, your SL/TP adjusts accordingly.

Vouch's are no indication of trading skill, half the ppl on here at +10'vs and can't be considered successful traders. Some are some aren't.

Your logic is flawed just like your trading most likely, you need to look have a reality check before you continue, go back to demo and try again. You'll probably lose at this game with your thinking. I'm...

I will make a deal with you. You post your account online and I will do the same!!!
  • #586,989
  • Jan 22, 2012 11:54pm Jan 22, 2012 11:54pm
Quoting auddaytrader
Ok you have been here for 2years going on 3 and you have one voucher. Kinda sad dont you think.

If you know where price action is going why would you scalp????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Makes no sense to me?

I already told you why one would scalp. you hold your trade for 24 hours and euro moves 80 pips. at most you can make 80 PIPS! a scalper can exploit the heck out of it and gain way more then 80 pips in just 1 session never mind 24 hours. you really are an ignorant person.
  • #586,990
  • Jan 22, 2012 11:54pm Jan 22, 2012 11:54pm
Quoting Liza J
...I believe that observing market in live action can teach me more than any books can ever give me....!!!
Almost absolutely true...
Better get rich slowly rather than going broke fast.
  • #586,991
  • Jan 22, 2012 11:54pm Jan 22, 2012 11:54pm
Quoting auddaytrader
I will make a deal with you. You post your account online and I will do the same!!!
I remember someone got suspended twice, recently, for going down this road.
  • #586,992
  • Jan 22, 2012 11:55pm Jan 22, 2012 11:55pm
Quoting auddaytrader
You see Mr. Todstars, you really don't know do you? Some people are just naturally aggressive. That's me. I would to, if i heard someone telling people to risk 10% of there money on a trade I would say something in a heartbeat, becuase I dont think thats right. Yes, I dont care what anyone thinks about me, because I am an asshole, and i make an insane amount of money trading curriencies. So i try to help people it just comes out the wrong way. So think whatever you like.

Well, I do not claim any status other than a trader who enjoys learning and sharing with others

You might want to look for some therapy to help with that aggression issue. ;-)

Emotions can kill your game.

I'm sure you know that though.
  • #586,993
  • Jan 22, 2012 11:56pm Jan 22, 2012 11:56pm
Quoting MidasFX
That is truly a naive thing to say.


Scalpers are the majority of retail traders that fail in these markets because they see scalping as instant profits and instant gratification, which then leads to rule breaking and over trading. Scalping Forex short term, with no rules becomes gambling which give you the same euphoric high as a drug. That can be very addicting. Which is why they crash their account withing the first 30-90 days of first deposit. Also many scalpers lose because they risk too much per trade. If you lose 10 scalps in a row, which...
above analysis and arguments easy to make & feel good when your emotion is in stable. otherwise whatever risk calculations you will be under loosing positions.
  • #586,994
  • Jan 22, 2012 11:57pm Jan 22, 2012 11:57pm
Quoting auddaytrader
I will make a deal with you. You post your account online and I will do the same!!!
That's a stupid argument, what a noob will do. Cmon dude, I'm not even going to respond to that. You can read some of my posts to get an understanding of how things work. Other than that I'm sure many ppl will be happy to see your account info... that's a jr statement by a jr member.

You gotta learn to be humble, being cocky or an asshole will dig you a grave. Harder to know when to cut your loss and move on.
  • #586,995
  • Jan 22, 2012 11:59pm Jan 22, 2012 11:59pm
Quoting MidasFX
I already told you why one would scalp. you hold your trade for 24 hours and euro moves 80 pips. at most you can make 80 PIPS! a scalper can exploit the heck out of it and gain way more then 80 pips in just 1 session never mind 24 hours. you really are an ignorant person.
Not only that Midas but remember with compressed time you are able to make your gains quicker. Double edged sword however, if you have an edge on m1 and can exploit it then you will make money faster. It's an eye opening thing once you can see this, something that's harder for others to see who have an "aggressive" personality.

Unable to comprehend, or unwillingness to learn and change. Isn't this the reason we are in a recessionary environment in the first place?
  • #586,996
  • Jan 23, 2012 12:01am Jan 23, 2012 12:01am
Good Morning/Afternoon,

My setup for today: http://www.trade2day.com/
  • #586,997
  • Jan 23, 2012 12:03am Jan 23, 2012 12:03am
Quoting sidhujag
That's a stupid argument, what a noob will do. Cmon dude, I'm not even going to respond to that. You can read some of my posts to get an understanding of how things work. Other than that I'm sure many ppl will be happy to see your account info... that's a jr statement by a jr member.

You gotta learn to be humble, being cocky or an asshole will dig you a grave. Harder to know when to cut your loss and move on.
  • #586,998
  • Jan 23, 2012 12:05am Jan 23, 2012 12:05am
Quoting auddaytrader
Whatever bro. Your the one with the issues not me. The only reason i even came here was to try and help people not lose money. But it seem most of you asian traders just are rookies with mini accounts trying to get 10 pip wins. So i dont care anymore, do what you want.
Go ahead and help! the 10 % trade statement you made was a valid one! It's good advice... bad advice is telling others when to trade. You know during AS that you will be able to scalp easier with less volality there is a little bit more certainty by reading volume and candlesticks. It's what I find anyway. Claiming that scalping is for losers is invalid, you can win and lose with any method. It's what's inside of you that counts. Control your emotions, fear and greed, and you can win with any method. Just put your time in the right place and let your efforts reward you!

Never give up on your method. Accept all knowledge and add it to your arsenal.
  • #586,999
  • Jan 23, 2012 12:07am Jan 23, 2012 12:07am
Quoting sidhujag
Go ahead and help! the 10 % trade statement you made was a valid one! It's good advice... bad advice is telling others when to trade. You know during AS that you will be able to scalp easier with less volality there is a little bit more certainty by reading volume and candlesticks. It's what I find anyway. Claiming that scalping is for losers is invalid, you can win and lose with any method. It's what's inside of you that counts. Control your emotions, fear and greed, and you can win with any method. Just put your time in the right place and let...
Ok you need to get your facts right pal. I never said scalping is for losers. I said most scalpers lose. So get your walmart panties unbunched. Alos i never tell people when to trade. Your information is all based on that weed your smoking not from what i said.
  • #587,000
  • Jan 23, 2012 12:11am Jan 23, 2012 12:11am
http://www.activityvillage.co.uk/chi...ragon_2012.jpg

Happy chinese new year.
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