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Fail Better

  • #2,861
  • Feb 20, 2012 1:31pm Feb 20, 2012 1:31pm
Quoting AvanishDemo
This is a video on the novice traders put to working for a trading-firm in UK
Hi mate... couple of points about this...

 

  1. This hasn't got anything to do with the thread really to be honest (sorry)
  2. These aren't 'novice traders' they're members of the public selected to be on a reality TV show. There's huge world of a difference right there.
  3. Go watch 'Wall Street Warriors' - it's much better/realistic
  4. Only one of the people featured still trades


Why did you post this?

As for not getting on the webinar the next one is not free so I'm sure there will be the opportunity for more spaces to become available...

  • #2,862
  • Feb 20, 2012 1:34pm Feb 20, 2012 1:34pm
Quoting robertislive
Hi mate... couple of points about this...

 

  1. This hasn't got anything to do with the thread really to be honest (sorry)
  2. These aren't 'novice traders' they're members of the public selected to be on a reality TV show. There's huge world of a difference right there.
  3. Go watch 'Wall Street Warriors' - it's much better/realistic
  4. Only one of the people featured still trades


Why did you post this?

As for not getting on the webinar the next one is not free so I'm sure there will be the opportunity for more spaces...

Respected.
i delete it.
sorry if it pissed any one.
Period.
  • #2,863
  • Feb 20, 2012 2:26pm Feb 20, 2012 2:26pm
Hey Tom have you ever seen this video series called "Million Dollar Traders" . .just like to hear your take on it . . just because you were part of this world or maybe it was nothing like you experienced.

I love to see a new series with The Wizard at the helm . . . .that would be great.

Jim

Inserted Video
Indicators show the past. Price Action "Indicates" the future.
  • #2,864
  • Feb 20, 2012 2:39pm Feb 20, 2012 2:39pm
Quoting jarroo
Hey Tom have you ever seen this video series called "Million Dollar Traders" . .just like to hear your take on it . . just because you were part of this world or maybe it was nothing like you experienced.

I love to see a new series with The Wizard at the helm . . . .that would be great.

Jim

http://www.youtube.com/watch?v=IeDWc...8&feature=plcp
Hi Jim,
yea I can remember watching that series when it came out. I watch it now with 'new eyes' having only started trading just over a year ago. There is another video series called 'Floored' that you will get on YouTube, I thought it was good. Check it out yourself.
Hugh.
  • #2,865
  • Feb 20, 2012 2:44pm Feb 20, 2012 2:44pm
Quoting human2
Hi Jim,
yea I can remember watching that series when it came out. I watch it now with 'new eyes' having only started trading just over a year ago. There is another video series called 'Floored' that you will get on YouTube, I thought it was good. Check it out yourself.
Hugh.

Hey Hugh, I too have seen this one when it came out (2008 I believe). It is cool seeing it again with different eyes.

I'll check out "Floored".

Thanks ,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #2,866
  • Feb 20, 2012 3:53pm Feb 20, 2012 3:53pm
http://content.screencast.com/users/...02-20_2240.png
Greetings, BeLikewater
  • #2,867
  • Feb 20, 2012 5:15pm Feb 20, 2012 5:15pm
Because of the gap, I feel as if a retracement back to the S/R zone (filling the gap) would be an optimal entry. With the gap being filled and the support holding, I would look for PA or some other sign of confluence before entering.

This is only my very humble opinion, as I am not trading like this live, but have been studying this methodology for a few months now. Anyone who has a differing opinion, please do not hesitate to make it known.
  • #2,868
  • Feb 20, 2012 9:37pm Feb 20, 2012 9:37pm
Crude - lvl waiting

Silver- Waiting for the gap fill and an sfp for entry long. I am looking at the minor 1hr LVL i marked in red, and it doesnt look like a bad idea to long straight off of it. What do you guys think?

AudJpy - Long pending at @ 8392 looks nice to me, bearish bias has triggered for today but this lvl is 2x ATR further down.


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  • #2,869
  • Feb 21, 2012 2:07am Feb 21, 2012 2:07am
watching the following levels:

Oil 103.53 (daily)

Silver 33.67 (RR)

Gold 1737.2 (RR)

Cable 1.5880 (break and RR)

EU 1.3285 (break and RR)

Now a case of waiting......watching......patience ( the hardest part!)......
  • #2,870
  • Feb 21, 2012 4:15am Feb 21, 2012 4:15am
Is this a valid D1 SFP?
Attached Image (click to enlarge)
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  • #2,871
  • Feb 21, 2012 5:36am Feb 21, 2012 5:36am
Quoting rivercrosser
Is this a valid D1 SFP?
RC, I ain't no expert but it looks ok. Tom then uses this for the daily bias.
  • #2,872
  • Feb 21, 2012 6:10am Feb 21, 2012 6:10am
Anyone any comments on this. I presume its a valid sfp? Also just filled gap. FTA??
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  • #2,873
  • Feb 21, 2012 6:19am Feb 21, 2012 6:19am
Quoting jarroo
Hey Tom have you ever seen this video series called "Million Dollar Traders" . .just like to hear your take on it . . just because you were part of this world or maybe it was nothing like you experienced.

I love to see a new series with The Wizard at the helm . . . .that would be great.

Jim

http://www.youtube.com/watch?v=IeDWc...8&feature=plcp
Yes, I watched that. I have to say it was nothing like trading in prop.

Did you see my tweet to Anton the other night?

It caused a mini sh*tstorm and resulted in a barrage of abuse and a blocking!
  • #2,874
  • Edited 9:43am Feb 21, 2012 6:49am | Edited 9:43am
Quoting Pip_Predator
Do not worry.
I made into the limited group but I have been "connecting..." for the past 45 mins. It is not the most lucky day for some of us.
Hi Folks,

I really do apologise for this. I have tried a lot of software for these webinars and had problems with many of them including major screen lagging or sound issues - this was especially the case with the cheaper ones. Like anything, you tend to get what you pay for.

I eventually found Webex which seemed the perfect solution and had enough capacity to cover the attendees for 330 GBP pm.

Then I got my first monthly invoice and found that I had been charged 1,660 GBP because they had failed to make it clear to me that I was paying for VOIP to call users all over the world.

To run THREE webinars per month that are FREE OF CHARGE for the entire list, would cost me well over 1,000 GBP pm. (I am hoping the "special webinars" will offset some of this)

So, yes, I have been stitched up and unfortunately I am tied into a 12 month contract now for something I can clearly never use again.

So, while still paying for that each month, I have bhad to now take up a subscription to Omnovia! So far it has been good but before I put down even more money I want to make sure its all running smoothly. I know some of you are getting irritated with not being able to login but I hope this explains it. The bigger capacity, the more it will cost me so I want to at least make sure everyone is happy with it.

At any rate, after the positive feedback so far I will have the Omnovia capacity upgraded for the next free webinar so there should be no more issues going forward.

I sincerely thank you all for your patience.
  • #2,875
  • Feb 21, 2012 7:55am Feb 21, 2012 7:55am
Quoting Kalbar
watching the following levels:

Oil 103.53 (daily)

Silver 33.67 (RR)

Gold 1737.2 (RR)

Cable 1.5880 (break and RR)

EU 1.3285 (break and RR)

Now a case of waiting......watching......patience ( the hardest part!)......
Update:

Took RR on Silver closed at FTA for 1%
Took RR on Gold closed FTA for 1.5% (had fairly tight stop).

Nice to see the strategy working as it should and I have been watching and planning these trades for 2/3 days now. Patience pays off.
  • #2,876
  • Feb 21, 2012 8:07am Feb 21, 2012 8:07am
what about 1.5731 for long on cable?
Support the Resistance
  • #2,877
  • Feb 21, 2012 9:11am Feb 21, 2012 9:11am
Quoting rivercrosser
Is this a valid D1 SFP?
Yes looks valid enough BUT that is a cross pair and they can be choppyless reliable so be careful when trading them. TD does not trade them and I have stoped trading them too.
  • #2,878
  • Feb 21, 2012 9:23am Feb 21, 2012 9:23am
Quoting megel
what about 1.5731 for long on cable?
Hey Megel

That looks like a decent level so will be watching it closely though we maybe need some confluence to trade it - but well spotted, good eye there.
  • #2,879
  • Feb 21, 2012 9:36am Feb 21, 2012 9:36am
Quoting qwert8988
anyone can answer the qn posted by tom "Look at the current GBP/USD picture and think about what retail might be seeing, where they might be entering and stopping out."

I missed that webinar.

Greatly appreciate.
any one can help?
  • #2,880
  • Feb 21, 2012 10:16am Feb 21, 2012 10:16am
Quoting the_wizard
Yes, I watched that. I have to say it was nothing like trading in prop.

Did you see my tweet to Anton the other night?

It caused a mini sh*tstorm and resulted in a barrage of abuse and a blocking!
he Went on another rampage today


Click here to see his latest outburst

Hillarious.
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