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  • #629,841
  • Apr 20, 2012 2:01pm Apr 20, 2012 2:01pm
LOL, do you mean I'm 27 posts into the forum and I get throw to the wolves.

Oh well, we'll just talk a little common sense and maybe get the point across.

BTW, I work with newbies all the time (I'm not pausing to advertise. I do it all for free.). They come with all kinds of stereotypes and idle rhetoric that they have been taught. The first thing you have to do is clear their mind of all the garbage, and then you can get then to focus on a personal methodology for their success. People look smart when they can quote averages and ratios, but it does not have a lot to do with their personal trading. That's just a personal observation.


Quoting megajester
Ive given up with micho ....good luck
  • #629,842
  • Apr 20, 2012 2:10pm Apr 20, 2012 2:10pm
Quoting 4xpipcounter
LOL, do you mean I'm 27 posts into the forum and I get throw to the wolves.

Oh well, we'll just talk a little common sense and maybe get the point across.

BTW, I work with newbies all the time (I'm not pausing to advertise. I do it all for free.). They come with all kinds of stereotypes and idle rhetoric that they have been taught. The first thing you have to do is clear their mind of all the garbage, and then you can get then to focus on a personal methodology for their success. People look smart when they can quote averages and ratios, but...


Yup, you are wasting your time with the kid. He stopped publishing his demo account, because he kept blowing them up, one after another. You really think he now all of a sudden returns 55% a month, when he has never made a profit in demo? Yeah right. And do you really think he knows what a Sharpe is when it hits him on the side of the head or bites him in the @rse?

Of course not, he is a kid, who posts videos here, never posts a trade call, never posts a logical chart, just a filler, a muppet.


Get used to it, this place is full of 'm.

You want to do the noobies a favour, find the idiots like him and ridicule him for all the noobies to see as a warning who to avoid like the plague.

Idiots like him are a prime example why the vouching system is so cr@p here.
  • #629,843
  • Apr 20, 2012 2:16pm Apr 20, 2012 2:16pm
And 4xpip, you are right, traders don't give a sh!t about Sortino or Sharpe. All we care about is how smooth is the equity curve and how big are the peaks and valleys.

Sortino/Sharpe is only used by guys constructing portfolios, I should know, did plenty of the crap.

But heh, it makes a 12 year old sound learned. The guys who throw out shit like that always have to make up for some shortcomings and 99 out of 100 times it is that they are shit at trading.
  • #629,844
  • Apr 20, 2012 2:19pm Apr 20, 2012 2:19pm
Micho, why don't you do a day of play by play, call each and every move to the pip, call the ranges, call the consolidation areas, call the tops and bottoms, all to the pip, from the London open till the NY close.

Once you do a day like that I will stop calling you a muppet and an utter fool, come on, prove us wrong.

Show us what a trader you are...............
  • #629,845
  • Apr 20, 2012 2:19pm Apr 20, 2012 2:19pm
market dead.................................someone must make a decision and pull the plug
  • #629,846
  • Apr 20, 2012 2:21pm Apr 20, 2012 2:21pm
Quoting pips-scout
market dead.................................someone must make a decision and pull the plug

We pulled the plug 4 and a half hours ago at the fix, that signals the end of the week and that's where you cover the book.
  • #629,847
  • Apr 20, 2012 2:25pm Apr 20, 2012 2:25pm
Quoting cloggie
We pulled the plug 4 and a half hours ago at the fix, that signals the end of the week and that's where you cover the book.
Yep London closes volume goes with it.
thanks for your input today mr Cloggie.
you da man!

What is your view for the forthcoming week?
  • #629,848
  • Apr 20, 2012 2:26pm Apr 20, 2012 2:26pm
Quoting geomink
with no one retracement?
Quoting cloggie
No.

I told you we would not get a retracement, and guess what, yup, no retracement, hope you got out of your short on that brief earlier test of your entry and covered your book for the week, no point holding over the weekend if you can't get to your trades, as is the case with most retailers.
  • #629,849
  • Apr 20, 2012 2:27pm Apr 20, 2012 2:27pm
Quoting pips-scout
Yep London closes volume goes with it.
thanks for your input today mr Cloggie.
you da man!

What is your view for the forthcoming week?

Go back over my posts from this morning, I told you guys what I am looking at for next week.

We should get more out of the IMF this weekend to support that view, keep an eye out on the news and see how Monday plays out.

With a bit of support from the bureaucrats we are eyeballing 3260 as the next trigger level, that will set the way for 1.34
  • #629,850
  • Apr 20, 2012 2:28pm Apr 20, 2012 2:28pm
Cloggie, I know it is too much to ask because egos get in the way. But every once in awhile, someone that is putting on a show, tying to show off will go behind-the-scenes and just admit who they really are. That, to me, is a real rush. When someone gets hammered with enough common sense and they find out they are not fooling anyone, either they go in hiding, or they take a firm gulp on an over-size ego and admit who they are. At that point, they almost have to introduce themselves to them (if that makes sense), because they were living in a fantasy world for so long.


Quoting cloggie
Yup, you are wasting your time with the kid. He stopped publishing his demo account, because he kept blowing them up, one after another. You really think he now all of a sudden returns 55% a month, when he has never made a profit in demo? Yeah right. And do you really think he knows what a Sharpe is when it hits him on the side of the head or bites him in the @rse?

Of course not, he is a kid, who posts videos here, never posts a trade call, never posts a logical chart, just a filler, a muppet.


Get used to it, this place is full of 'm....
  • #629,851
  • Apr 20, 2012 2:30pm Apr 20, 2012 2:30pm
Quoting 4xpipcounter
Cloggie, I know it is too much to ask because egos get in the way. But every once in awhile, someone that is putting on a show, tying to show off will go behind-the-scenes and just admit who they really are. That, to me, is a real rush. When someone gets hammered with enough common sense and they find out they are not fooling anyone, either they go in hiding, or they take a firm gulp on an over-size ego and admit who they are. At that point, they almost have to introduce themselves to them (if that makes sense), because they were living in a fantasy...

That's why you see me being such a tough son of a bitch here, I don't hold back, but at the same time, you see me doing play by plays to the pip, call the reversals, call the tops and bottoms and share the important levels to watch here.

Yes I am just about the biggest bastard here, but every once in a while there is a lovely little nugget in there that if one would pay attention could be very profitable.

Calling the idiots for what they are will probably do them a favour, but it really shows the "newer" traders who to avoid like the plague and that helps even more traders.
  • #629,852
  • Apr 20, 2012 2:32pm Apr 20, 2012 2:32pm
And on that bombshell, I am outta here.


Enjoy the muppet show.
  • #629,853
  • Apr 20, 2012 2:34pm Apr 20, 2012 2:34pm
  • #629,854
  • Apr 20, 2012 2:38pm Apr 20, 2012 2:38pm
big orders in gbp buying
  • #629,855
  • Apr 20, 2012 2:39pm Apr 20, 2012 2:39pm
Quoting cloggie
Micho, why don't you do a day of play by play, call each and every move to the pip, call the ranges, call the consolidation areas, call the tops and bottoms, all to the pip, from the London open till the NY close.

Once you do a day like that I will stop calling you a muppet and an utter fool, come on, prove us wrong.

Show us what a trader you are...............
Dear Mr Cloggie,
I found you very interesting, Talented, Knows the Market, a teacher,and sort of a god/ godest of FX. i have been here for only few months and i only saw you around here for few days - i didnt know you, but i know how how good you are in FX( now ).
Now, did you really wanted to teach us the newbies for the last couple of days or you came back just to show off ( definitly not to us the newbies - coz we/ i think you are an ace )?
Please accept my appologies in advance if i am over my top but as a newbie i like to know how the game is played out here in FF/EURUSD. thanks.
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #629,856
  • Apr 20, 2012 2:50pm Apr 20, 2012 2:50pm
nyse going to close in 11 mins (some brokers too)
Mohan
  • #629,857
  • Apr 20, 2012 2:51pm Apr 20, 2012 2:51pm
Quoting Anti_Losses
Somehow through forex I can understand why the rich can remain rich if they manage their money properly... If it is a million dollar account, just need to earn a proper "salary" of said $1000 to $2000 a day, I think it is good enough to live a comfortable life...
First off: someone who has 1 million dollars cash is not exactly rich; alot of people have that.

If you are rich 1000$/day might just not cut it. I mean being rich comes with alot biggest expenses: you might have a few huge houses, maybe a few more vacation houses, few cars (maybe some collection cars), maybe a jet, alot of people to take care of your properties, and...last but not least wife/kids.

Edit: if you can make 0.001%/day constantly you can make alot more by the way; 0.001% profit/day is less then you get if you put the money in the bank
You should decide on your risk/trade considering your win/loss streak. Risking so little that you can only make 1000$/day is not profitable...maybe it seems less risky but if you're a bad trader you'll still lose the million eventually...little by little.
  • #629,858
  • Apr 20, 2012 2:57pm Apr 20, 2012 2:57pm
Quoting Avir
Dear Mr Cloggie,
I found you very interesting, Talented, Knows the Market, a teacher,and sort of a god/ godest of FX. i have been here for only few months and i only saw you around here for few days - i didnt know you, but i know how how good you are in FX( now ).
Now, did you really wanted to teach us the newbies for the last couple of days or you came back just to show off ( definitly not to us the newbies - coz we/ i think you are an ace )?
Please accept my appologies in advance if i am over my top but as a newbie i like to know how the game...

For starters I am not a teacher. You will not find a teacher anywhere, those who can are not going to teach, they are going to trade. I have shared a bit here on what I make on a daily basis, now do you really think I could pull that kind of income teaching or providing a signal service? Of course not.

And that is the issue, real traders either trade theri own money or go work for a shop managing funds. I did the OPM thing and came to hate it due to regulations, the constant silly questions, the oversight, the cumbersome infrastructures, the back office, compliance, risk management, the countless face to face meetings with existing clients and possible new clients. It got to the point that it wasn't about the trading anymore, and I had to leave.

Now I am here because trading is a very lonely enterprise and at times it is nice to shoot the crap a bit on forums like this. I left for 5 months as the volume of idiots just became overwhelming. I was asked to come back to take care of a little problem with XXX/Turmaz, which I did and as a said earlier in the week, as I took up so much time with him I would do a play by play, which I did.

I ain't here to show of, that is not making me any money and you don't know me from Adam, so you being impressed with me does not make an iota of difference in my life.

When I post here I share the levels and the play around them and expect you to find that crap on your chart, hopefully you will see how price reacts around them and how I find them

In all honesty, I really don't want to teach the 500 readers here, imagine if I turned them all into perfect traders and they would teach 2 of their buddies, etc. Before you'd know it we would be facing humongous inflation and what I have worked for would dissapear......(kidding)

I love trading, purely for the sake of trading, putting my wits against 1,000's of others in the market and being smarter, faster, cleverer and better then all of them.

That's what trading is all about, yes the money is nice, but it is just a yardstick of how good you are.

Even in my trading there is a certain level of gut feeling, something I could never teach you, something that you need to find for yourself, and that could take you the rest of your life.

I just can't stand idiots who ruin each and every opportunity the few well meaning noobies here have.

This thread is about sharing trade ideas, setups, levels to watch, share the news, explain a bit of the basics, not about teaching, if it were, you would never see me again.
  • #629,859
  • Apr 20, 2012 2:58pm Apr 20, 2012 2:58pm
Quoting Chicky
This is not a SNL rated forum
"and" what do u wanna write a story while u driving? Peace@@
  • #629,860
  • Apr 20, 2012 2:59pm Apr 20, 2012 2:59pm
Quoting Anti_Losses
If said using Martingale system targeting said $1500 per day with a million dollar account trading EUR/USD that shouldn't be a problem right?
I look through historical data as attached will be safe enough since 92% of the time the movement will not be more than 1.5 cents day to day.
ok so you win 92% of the times and you lose more than you earned in 8%
When life gives you lemons, make lemonade
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