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The Really Useless Thread

  • #69,461
  • Mar 30, 2012 7:38am Mar 30, 2012 7:38am
*pop*
Quant Hedge Fund CEO
  • #69,462
  • Mar 30, 2012 7:38am Mar 30, 2012 7:38am
If it breaks 3392, 3530 as I've been saying for a while now..
  • #69,463
  • Mar 30, 2012 7:39am Mar 30, 2012 7:39am
Quoting chazzle
Thanks , and yes , I see your point

Look Sharp/Trade Tight
  • #69,464
  • Mar 30, 2012 7:40am Mar 30, 2012 7:40am
Quoting darimik
wtf there is nothing to trade out there.

Attachment
Daily had a pin off the support (oanda), I don't know what others look like in daily. Got too tired.... But eventually, we should revisit 35.
  • #69,465
  • Mar 30, 2012 7:40am Mar 30, 2012 7:40am
i wish i could scalp. i have this weird feeling everytime i am about to close a trade green that it might continue my way. i know it shouldn't feel wrong but it does....

i must admit i am confused. after so long i still haven't figured out i like to trade. the way i have been trading lately feels right for me: i invest (this means i will loose a couple of trades) to find a longer term trade and make it all up plus some. it would all be good if i kept the leverage ok...

i even thought about going to a therapist to get rid of the overleverage and the "always leaving it running" thing. one thing that i wasn't aware and that jawn made me notice: i overtrade in the sense that i ALWAYS have to be in the market. guess it has the same thought process behind the "not banking my trades": always thinking i am missing an opportunity...

and all this comes from the one questions that has bothered me since i read it: why does Gator have nipples?


Quoting chazzle
1 - lucky guy , don't mess that part up

2 , 3 , 4 , 5 , 6 = yes reason 5 this has also f***ed me a few times bro , so you're not alone

the way i see it ,holding trades for more than a few hours , the best way is set it and forget it - put the trade on and switch your pc off / walk away with alarms set at tp and sl ( what i should have done yesterday ) - in other words , don't let yourself touch it after you put it on. I'm sure your initial entry isn't over levved , it's probably messing with the trade after?

I'm sure not everyone...
dreams do come true.
  • #69,466
  • Mar 30, 2012 7:41am Mar 30, 2012 7:41am
Quoting pkimnyc
Daily had a pin off the support (oanda), I don't know what others look like in daily. Got too tired....
not quite sure what a pin bar is, but mine was wicky...
Look Sharp/Trade Tight
  • #69,467
  • Mar 30, 2012 7:42am Mar 30, 2012 7:42am
Quoting wannaberich
LOL,

there are a few reasons:

1 - went north country with the wife and kids for some time with the family (parents) (i wasn't with them for almost a year)
2 - i suck at trading
3 - i really suck at trading
4 - i really really suck at trading
5 - reasons 2,3 and 4 aren't exactly right. i just overleverage too much. and then it goes wrong a couple of trades and more than half the account goes to u guys, that manage your dough properly.
6 - rethinking my life. trading won't be a means of income till i solve this prob and i really don't know what...
You lucky bastard

I just read the no. 1 and in the light of this point, well, the no. 2-6 seems fekking pointless. Happy guy that you have a family, keep it loved and keep it safe.

As for the trading, I am sure you will crack the nut sooner or later.

Just let it flow freely through your mind (youīd be surprised how important, seriously important part of trading is ability to relax, meditate or even work out, itīs all about body and brain living together in harmony) and NEVER forget that psychology and money management come BEFORE any trading system...

Welcome back, brother, you were missed...
Quant Hedge Fund CEO
  • #69,468
  • Mar 30, 2012 7:44am Mar 30, 2012 7:44am
Quoting PayTheLimit
not quite sure what a pin bar is, but mine was wicky...
A hammer bar. You know... One that has long lower d... (Fuck....) wick hanging out.
  • #69,469
  • Mar 30, 2012 7:46am Mar 30, 2012 7:46am
Quoting wannaberich
LOL,

there are a few reasons:

1 - went north country with the wife and kids for some time with the family (parents) (i wasn't with them for almost a year)
2 - i suck at trading
3 - i really suck at trading
4 - i really really suck at trading
5 - reasons 2,3 and 4 aren't exactly right. i just overleverage too much. and then it goes wrong a couple of trades and more than half the account goes to u guys, that manage your dough properly.
6 - rethinking my life. trading won't be a means of income till i solve this prob and i really don't know what...
been there too, no answers here, for me getting more demanding in the quality of setup trying to optimize RR and patience, if you see no trade don't trade, turned things to the better.
Don't be a hero. Don't have an ego. Always question yourself
  • #69,470
  • Mar 30, 2012 7:47am Mar 30, 2012 7:47am
big bull flag on aussie 5 min or a big top, pick your side
Don't have an ego. Always question yourself and your ability.
  • #69,471
  • Mar 30, 2012 7:48am Mar 30, 2012 7:48am
Quoting pkimnyc
A hammer bar. You know... One that has long lower d... (Fuck....) wick hanging out.
Look Sharp/Trade Tight
  • #69,472
  • Mar 30, 2012 7:48am Mar 30, 2012 7:48am
Quoting RamsesII
big bull flag on aussie 5 min or a big top, pick your side
players choice, eh, Clambill...
Look Sharp/Trade Tight
  • #69,473
  • Mar 30, 2012 7:48am Mar 30, 2012 7:48am
Quoting wannaberich
i wish i could scalp. i have this weird feeling everytime i am about to close a trade green that it might continue my way. i know it shouldn't feel wrong but it does....
Taking profit is the hardest part of trading. Not cutting a loser which is the common wisdom.... The reason is that no matter what you do when taking profit, it will be wrong. Think about it.... Taking profit will always make you feel bad believe it or not. It's so counter intuitive...
  • #69,474
  • Mar 30, 2012 7:49am Mar 30, 2012 7:49am
Quoting wannaberich
i must admit i am confused. after so long i still haven't figured out i like to trade. the way i have been trading lately feels right for me: i invest (this means i will loose a couple of trades) to find a longer term trade and make it all up plus some. it would all be good if i kept the leverage ok...

i even thought about going to a therapist to get rid of the overleverage and the "always leaving it running" thing. one thing that i wasn't aware and that jawn made me notice: i overtrade in the sense that i ALWAYS have to be in the market. guess...
My 2 cents, but donīt give a damn, because itīs your money and your responsibility after all - still...

As I am reading it, I think it might help if you started with very simple strategy that helps at the beginning - set up a strict R:R and keep it up, donīt intervene into your trades. Test your trading system thouroughly to find the R:R and amount of pips relevant for your system, TF, style of trading.

Letīs say youīd find out that your system works nicely on H1, where with fix RR 1:2, set up as 40 pips and 20 pips, generates 40-50% success rate. Thatīs cool.

Then simply, whenever you enter a trade, just set up SL, set up PT and FORGET about the damn trade. Come back later to see what the result was. Spend the remaining time with your family

And furthermore, as for overleveragging, forget therapists and stuff - they will not teach you to be disciplined, this is your fight and one of the toughest every trader has to undertake. Golden rule is NEVER EVER risk more than 2% of your account on a single trade. Keep it up and youīll be safe.

Cheers, FXM
Quant Hedge Fund CEO
  • #69,475
  • Mar 30, 2012 7:49am Mar 30, 2012 7:49am
Quoting wannaberich
LOL,

there are a few reasons:

1 - went north country with the wife and kids for some time with the family (parents) (i wasn't with them for almost a year)
2 - i suck at trading
3 - i really suck at trading
4 - i really really suck at trading
5 - reasons 2,3 and 4 aren't exactly right. i just overleverage too much. and then it goes wrong a couple of trades and more than half the account goes to u guys, that manage your dough properly.
6 - rethinking my life. trading won't be a means of income till i solve this prob and i really don't...
be happy with the account where it is. dont be in a trade just to be in a trade. its all theoretical. maybe start a journal! I have one!

I have lost my fair share.. I remember hearing PTL laughing at me on his way to the bank every friday afternoon. To this day I am planning to siphon the diesel out of his fucking steamroller.
  • #69,476
  • Mar 30, 2012 7:51am Mar 30, 2012 7:51am
Is really poor Aussie trapped in a 20 pips range for last 12 hours? Oh my gosh...
Quant Hedge Fund CEO
  • #69,477
  • Mar 30, 2012 7:52am Mar 30, 2012 7:52am
One little observation about this pair.... You have to figure out it's cycle. For example from that last low at 1.30, on the H1 chart, it moves in a cycle of 32 bars...
  • #69,478
  • Mar 30, 2012 7:53am Mar 30, 2012 7:53am
S cable 6035 (sorry for a late call ), SL @40.

Looks good for a longer run.

EDIT: corrected typo
Quant Hedge Fund CEO
  • #69,479
  • Mar 30, 2012 7:53am Mar 30, 2012 7:53am
Quoting kenfen69
So am I...flatski...and off to lay flat on me back.

Stay safe all...catch you before the close.
weak..
  • #69,480
  • Mar 30, 2012 7:54am Mar 30, 2012 7:54am
Quoting attila
One little observation about this pair.... You have to figure out it's cycle. For example from that last low at 1.30, on the H1 it moves in a cycle of 32 bars...
Very nice observation, mate, my respect.

I have to find some time for research of cycles myself, I think they hide a great potential...
Quant Hedge Fund CEO
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