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  • #646,241
  • May 22, 2012 11:43pm May 22, 2012 11:43pm
Quoting solsys
Same here. Fell asleep and it hit my SL, -$9000.... yikes!

Thank God for SL.

1. Lesson learnt when expected Bull doesn't kick-in within the timeframe..... it means FAILURE and SWITCH sides!
2. Get enough sleep. (I woke up a for a minute and bought more, only to wake up and see SL all triggered.)

Still learning, keep learning.

Looking to shorts now, i think the technical rebound for equities are over. Sell on rallies.

Holy Crap Storm Batman!


Sorry to hear that Solsys.....hopefully things will turn around for you today (and beyond )
  • #646,242
  • May 23, 2012 12:01am May 23, 2012 12:01am
Quoting solsys
Same here. Fell asleep and it hit my SL, -$9000.... yikes!

Thank God for SL.

1. Lesson learnt when expected Bull doesn't kick-in within the timeframe..... it means FAILURE and SWITCH sides!
2. Get enough sleep. (I woke up a for a minute and bought more, only to wake up and see SL all triggered.)

Still learning, keep learning.

Looking to shorts now, i think the technical rebound for equities are over. Sell on rallies.
$9,000 in a day! That's big money my friend.
The Thief of Wall Street
  • #646,243
  • May 23, 2012 12:10am May 23, 2012 12:10am
Quoting Chicky
$9,000 in a day! That's big money my friend.
must be a good demo
  • #646,244
  • May 23, 2012 12:11am May 23, 2012 12:11am
Quoting almo
Thanks Nachiket.....

Although I don't think Greece is going to be a major factor going forward. Seems all eyes are on Spain at the moment. I find it unusual that we have not heard a peep about Ireland or Italy , as they were both having some issues some time back as well.
That's the thing with people. They prefer to focus on 1 country at a time.

I think the Italians and Spanish aren't going to screw it up like the Greeks.
  • #646,245
  • May 23, 2012 12:15am May 23, 2012 12:15am
Taking chance of a bottom formation or a spike upto 1.2800.
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The Thief of Wall Street
  • #646,246
  • May 23, 2012 12:25am May 23, 2012 12:25am
Quoting Chicky
$9,000 in a day! That's big money my friend.
Yup, it will take quite a number of trades to square it off.

However, I did manage to claw back and earn more after losing $5000 when the bear trend started in early May.

A similar thing happened in April and I clawed back and earn more too.

Quite exhausting, anyone got a better and no sweat manner of trading?
  • #646,247
  • May 23, 2012 12:26am May 23, 2012 12:26am
Numbers I am looking at today, 72, 19, 45 for a correction before we go downhill some more.

Going to be challenging 72 soon, just gonna watch the battle first.
  • #646,248
  • May 23, 2012 12:26am May 23, 2012 12:26am
Quoting Chicky
Taking chance of a bottom formation or a spike upto 1.2800.
Chicky.....what do all those diagonal lines represent on your chart?
  • #646,249
  • May 23, 2012 12:26am May 23, 2012 12:26am
Quoting solsys
...anyone got a better and no sweat manner of trading?
Yes, I do.
The Thief of Wall Street
  • #646,250
  • May 23, 2012 12:28am May 23, 2012 12:28am
This broke out of the channel yesterday that it was in going back two weeks. We might be in a range for some time now.
  • #646,251
  • May 23, 2012 12:29am May 23, 2012 12:29am
Quoting almo
Holy Crap Storm Batman!


Sorry to hear that Solsys.....hopefully things will turn around for you today (and beyond )
Yes, need to turn things around! Glad to have company here.
  • #646,252
  • May 23, 2012 12:31am May 23, 2012 12:31am
Quoting Chicky
Yes, I do.
Please enlighten me. Thanks!
  • #646,253
  • May 23, 2012 12:34am May 23, 2012 12:34am
Good Morning friends
There are two opinions in this world, Mine and the wrong one...
  • #646,254
  • May 23, 2012 12:36am May 23, 2012 12:36am
Quoting Johnny Bravo
back from the party...
1.27379 was broken...the next target is 1.26654, should hold it...
its been 9hours from now and as expected 1.27654 still holding on...
There are two opinions in this world, Mine and the wrong one...
  • #646,255
  • May 23, 2012 12:36am May 23, 2012 12:36am
Quoting almo
Chicky.....what do all those diagonal lines represent on your chart?
These lines are there for months. I don't remember adding any line in the past few weeks. They are just historical support/resistances connecting peaks and bottoms. It is strange to note that all these lines are exactly parallel. After few months, some of these lines get corrupted and their angle changes, probably because of my broker's charting application. I either realign those corrupted lines or if they are insignifcant, just delete them. But I never delete a major line. Major lines are lines drawn on higher timeframe (i.e. Daily). Most of these lines were drawn on 4H.
The Thief of Wall Street
  • #646,256
  • May 23, 2012 12:46am May 23, 2012 12:46am
Quoting Chicky
These lines are there for months. I don't remember adding any line in the past few weeks. They are just historical support/resistances connecting peaks and bottoms. It is strange to note that all these lines are exactly parallel. After few months, some of these lines get corrupted and their angle changes, probably because of my broker's charting application. I either realign those corrupted lines or if they are insignifcant, just delete them. But I never delete a major line. Major lines are lines drawn on higher timeframe (i.e. Daily). Most of...
Thx Chicky.....this sounds really similar to Gann Grids, although your method would likely have less lines / cleaner chart.
  • #646,257
  • May 23, 2012 12:48am May 23, 2012 12:48am
Quoting solsys
Please enlighten me. Thanks!
1. There are 365 days in a year.

2. 50% of tradable days means one can trade 180 days in a year.

3. One opportunity in every 3 days is 60 trades in a year

4. 60% winning trades means 40% losing trades

5. In 60 trades 36 will be winners and 24 will be losers

6. At 1% risk and 1% reward per trade means 36% profit and 24% loss

7. That means net 12% a year.

8. Now, what if your risk is 1% and reward is 2% and you still get 60% winners? That would mean 24% net profit per annum.

9. Now, what if your risk is 1% and reward is 10% and you still have 60% winners? That means 120% per annum?

10. Now what if your risk is 1% and reward is 10% and every 6 out of 10 trades are winners? That again means 120% per annum

If you can tell what's the difference between 9 and 10 and how it will affect your profitablility, I will go further. Post any five charts on whatever timeframe you wish of Euro/USD and I will tell you how to get 60% winners. Then post another 1,000 charts, I will still tell you how to get 60% winners out of each of them.
The Thief of Wall Street
  • #646,258
  • May 23, 2012 12:56am May 23, 2012 12:56am
ok. 1% down yesterday. today logically will go up 0.25%
  • #646,259
  • May 23, 2012 12:59am May 23, 2012 12:59am
Quoting Chicky
1. There are 365 days in a year.

2. 50% of tradable days means one can trade 180 days in a year.

3. One opportunity in every 3 days is 60 trades in a year

4. 60% winning trades means 40% losing trades

5. In 60 trades 36 will be winners and 24 will be losers

6. At 1% risk and 1% reward per trade means 36% profit and 24% loss

7. That means net 12% a year.

8. Now, what if your risk is 1% and reward is 2% and you still get 60% winners? That would mean 24% net profit per annum.

9. Now, what if your risk is 1% and reward...

Whoa! Finally a post with some meat!


Ok, I'm all ears Chicky. Difference between 9 and 10 is 1 - but that implies 50% win rate, and your saying your doing 60%. More importantly, your payoff is up to 10: 1. I am guessing this means your pyramiding when your ahead.


SO.....how are you achieving the 60%?


I know you asked for 5 charts....but I think you can explain it in one chart?
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  • #646,260
  • May 23, 2012 1:03am May 23, 2012 1:03am
Quoting Esssex
That's the thing with people. They prefer to focus on 1 country at a time.

I think the Italians and Spanish aren't going to screw it up like the Greeks.
agreed, need to consider overall eec however dont underestimate spains effect, is 4th largest economy in euro, and deep in poop, greece was done and dusted months ago, is old news, spain and britain influences are starting to exposed, greece exit either push or jump, will be nothing compared to spain
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