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The Really Useless Thread

  • #59,681
  • Feb 22, 2012 11:34am Feb 22, 2012 11:34am
Quoting attila
3278 could be the target..
Invalidated atm. Never mind.
  • #59,682
  • Feb 22, 2012 11:43am Feb 22, 2012 11:43am
Quoting gatorinla
i would like a bounce to normal atr around 60 pips higher 5720 area. its has to hold some above 5685 to do that. the mid of the leg is 5767 area. its not looking so good atm..time will tell.
after i would like to 5423 min
i don't know if it will bounce r not. but we do many times.. and i would rather miss the trade here. then take the risk. unless a scalp runs. i would rather sell higher.
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those who can, do. those who cant, talk about those who can
  • #59,683
  • Feb 22, 2012 11:45am Feb 22, 2012 11:45am
3257 is a s/r..today
those who can, do. those who cant, talk about those who can
  • #59,684
  • Feb 22, 2012 12:03pm Feb 22, 2012 12:03pm
Quoting AllyB
sat here and watched it waiting for a good short entry. took your short entry at 49 and just went with the beat after that. almost didn't take that last one because it was close to the london close so glad that one worked out ok.

i think i found the way to trade on days with low ADR
as long as PA respects the levels , you can still make decent pips even on days with low ADR.

it is when the levels are all over the place that you struggle to trade the beats

you will get 9-12 beats in a typical day , today they stayed roughly in a 40 pip range , unusual but the bright side is that you can at times make more pips than the ADR

the low ADR the past 2 days indicate a breakout or a day with above average range , hopefully it does not start during Asia
" Never let the past hold the future to ransom "
  • #59,685
  • Feb 22, 2012 12:06pm Feb 22, 2012 12:06pm
Quoting PhAnTi'
lol ^^

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threads have doors?
  • #59,686
  • Feb 22, 2012 12:08pm Feb 22, 2012 12:08pm
Quoting PayTheLimit
revised:

1. EUR/GBP
2. fxjawn
3. EUR/USD
  • #59,687
  • Feb 22, 2012 12:18pm Feb 22, 2012 12:18pm
Quoting Gleneagles
as long as PA respects the levels , you can still make decent pips even on days with low ADR.

it is when the levels are all over the place that you struggle to trade the beats

you will get 9-12 beats in a typical day , today they stayed roughly in a 40 pip range , unusual but the bright side is that you can at times make more pips than the ADR

the low ADR the past 2 days indicate a breakout or a day with above average range , hopefully it does not start during Asia
i remember once when you were explaining compounding you said that i would get spoiled with dustbins because 50-60 pips/day become the norm and the expectation ... if this pair would continue to do the unusual i think that could be true
  • #59,688
  • Feb 22, 2012 12:50pm Feb 22, 2012 12:50pm
Quoting AllyB
i remember once when you were explaining compounding you said that i would get spoiled with dustbins because 50-60 pips/day become the norm and the expectation ... if this pair would continue to do the unusual i think that could be true
true..... the beauty is that if you compound , you reach a level within a short period of time where the compounding drives your account growth rather than huge pip gains

all you need is to be consistently average , it does help obviously if you can average around 50-60 pips/day but you really don`t need spectacular numbers every day

it is really scary what compounding can do to a small investment account over a relatively short period of time, the growth is exponential and feeds on itself , all you need to do is to find a strategy where you can add pips consistently.....and stick to the plan like superglue
" Never let the past hold the future to ransom "
  • #59,689
  • Feb 22, 2012 12:53pm Feb 22, 2012 12:53pm
Quoting PayTheLimit
revised:

1. EUR/GBP
2. fxjawn
3. EUR/USD
now, known as JTL.
  • #59,690
  • Feb 22, 2012 1:08pm Feb 22, 2012 1:08pm
What would a reasonable compounding ratio be?
Quoting Gleneagles
true..... the beauty is that if you compound , you reach a level within a short period of time where the compounding drives your account growth rather than huge pip gains

all you need is to be consistently average , it does help obviously if you can average around 50-60 pips/day but you really don`t need spectacular numbers every day

it is really scary what compounding can do to a small investment account over a relatively short period of time, the growth is exponential and feeds on itself , all you need to do is to find a strategy where...
  • #59,691
  • Feb 22, 2012 1:09pm Feb 22, 2012 1:09pm
Quoting Gleneagles
true..... the beauty is that if you compound , you reach a level within a short period of time where the compounding drives your account growth rather than huge pip gains

all you need is to be consistently average , it does help obviously if you can average around 50-60 pips/day but you really don`t need spectacular numbers every day

it is really scary what compounding can do to a small investment account over a relatively short period of time, the growth is exponential and feeds on itself , all you need to do is to find a strategy...
no worries

i have done the math and have started compounding ... just slow and easy, no stress, staying in my little comfort zone so won't be retiring soon
  • #59,692
  • Feb 22, 2012 1:09pm Feb 22, 2012 1:09pm
Quoting pkimnyc
now, known as JTL.
got it lol
  • #59,693
  • Feb 22, 2012 1:49pm Feb 22, 2012 1:49pm
Quoting attila
What would a reasonable compounding ratio be?
I employ maximum leverage on every trade. It's there... why not use it. lol
  • #59,694
  • Feb 22, 2012 1:54pm Feb 22, 2012 1:54pm
Quoting Venice
I employ maximum leverage on every trade. It's there... why not use it. lol
Then the margin call would not do much damage. Use it as your SL.
  • #59,695
  • Feb 22, 2012 1:55pm Feb 22, 2012 1:55pm
Quoting attila
Then the margin call would not do much damage. Use it as your SL.
When i'm fully loaded, this actually isn't that far off base. As long as the risk is calculated proper... its all the same to me. Cash sitting idle isn't doing much good for me in the forex account.
  • #59,696
  • Feb 22, 2012 1:58pm Feb 22, 2012 1:58pm
Quoting attila
What would a reasonable compounding ratio be?

It depends on your risk profile , starting capital and growth target.

Most important , first consistent gains then only consider compounding.

You can set up different levels of compounding , almost like a pyramid where you would compound the profits at a higher risk factor than the original capital amount.

I used a fixed level of compounding for 12 months @ 2.5 % risk/trade

For the next 14 months I set up a fairly conservative compounding pyramid using 20% of the profits from first 12 months and maintained fixed level of compounding on the balance.
" Never let the past hold the future to ransom "
  • #59,697
  • Feb 22, 2012 1:58pm Feb 22, 2012 1:58pm
I was curious if that ascending triangle on the 15m was going to pop or not... lol, neither side wants to budge.
  • #59,698
  • Feb 22, 2012 1:59pm Feb 22, 2012 1:59pm
Quoting Venice
When i'm fully loaded, this actually isn't that far off base. As long as the risk is calculated proper... its all the same to me. Cash sitting idle isn't doing much good for me in the forex account.
yea a margin stop is the same shit...its loss protection just the same
  • #59,699
  • Feb 22, 2012 2:10pm Feb 22, 2012 2:10pm
That is way to much for me. I'm very risk adverse... but maybe it's time I should up it a little..

Quoting Gleneagles
It depends on your risk profile , starting capital and growth target.

Most important , first consistent gains then only consider compounding.

You can set up different levels of compounding , almost like a pyramid where you would compound the profits at a higher risk factor than the original capital amount.

I used a fixed level of compounding for 12 months @ 2.5 % risk/trade

For the next 14 months I set up a fairly conservative compounding pyramid using 20% of the profits from first 12 months and maintained fixed level of compounding...
  • #59,700
  • Feb 22, 2012 2:13pm Feb 22, 2012 2:13pm
Quoting Venice
I was curious if that ascending triangle on the 15m was going to pop or not... lol, neither side wants to budge.
h1 doesn't look like up.... I don't know..
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