What do you do in between waiting? | Page 2 | Forex Factory

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What do you do in between waiting?

  • #21
  • Aug 20, 2012 7:18am Aug 20, 2012 7:18am
Quoting Hilar
Not sure Speki, something to do with the mulla perhaps. The old carrot on a string... Women are expensive and demanding, kids the same. Did you know by the time your children reach 18 the average parent has spent 1 million dollars on them? Do you have any?

It would have been nice to grow up in the days of free education, and cheap housing but unfortunately the baby boomers have taken all the land and housing and the world caters to their every need. Makes it easy for you oldies to sit back and judge everything. Spare a thought for the generation...
As an Aussie myself (not a Boomer), I feel for ya, mate. I recognise how different it will be for you and future generations.

I used my degree for about three years post graduation then followed my own heart. Professional music, self-taught computing roles (mainframe stuff), now trading.. I'm a firm believer in self sufficiency, and I admire your free spirit.
  • #22
  • Aug 20, 2012 7:41am Aug 20, 2012 7:41am
Quoting ToeCutter
As an Aussie myself (not a Boomer), I feel for ya, mate. I recognise how different it will be for you and future generations.

I used my degree for about three years post graduation then followed my own heart. Professional music, self-taught computing roles (mainframe stuff), now trading.. I'm a firm believer in self sufficiency, and I admire your free spirit.
Self sufficiency definitely has been lost over the last few decades. I agree with you two that this recessive decade has been a great learning experience for a lot of young people. Less and less young people feel like they're obligated to everything at no cost. I love the new anti-union movements, beginning of decentralized markets, and increasing awareness of the consumer's dollar. It could be the beginning of a balanced world.


I work when I'm not trading, and I enjoy my friends when I'm not working. Work to live, don't live to work.
  • #23
  • Aug 20, 2012 9:12am Aug 20, 2012 9:12am
Quoting ToeCutter
As an Aussie myself (not a Boomer), I feel for ya, mate. I recognise how different it will be for you and future generations.

I used my degree for about three years post graduation then followed my own heart. Professional music, self-taught computing roles (mainframe stuff), now trading.. I'm a firm believer in self sufficiency, and I admire your free spirit.
Very cool. oh thank you, yes I used to also admire my free spirit, these days I'm not so sure. I really shouldn't complain we get it very good in Australia compared to other parts of the world and are open to a lot of opportunities that we should just be grateful for at some point I guess.

And with that I think I better logoff and go do some work.
H.D
  • #24
  • Aug 21, 2012 12:40am Aug 21, 2012 12:40am
Quoting wendykurnia
what do you do in between waiting ?

I don't do anything anymore. My system does it all for me. So, there really is no real waiting. There's no sitting at the computer watching charts all day long, like there used to be.

Instead of checking the charts, I check my balance sheet, or I check in from time-to-time on the orders that are open or closed. I shut down my EA when its is necessary, like when I need to increase or decrease the size, but really there isn't much else to do.

Now, this gives me a lot of available time to make new discoveries of indicators and to work on improving the overall performance of my trading system. So, most of my time is spent in system development, or new indicator research during the day.

Research is my job now. Trading just runs in the background, doing its own thing. When I don't feel like doing research, then its typically off to the golf course, to the airport, to the race track (cars), or maybe off to a bookstore, lunch with the important people in my life, the movies, or sometimes I go to a convention of some kind having to do with a number of different interests - or I come online and chat with the rest of the trading community. That's during the weekdays. On the weekends, I try to be someplace where nobody can find me - far away from the daily grind of research and nowhere near a computer, hopefully.

All the while, I'm just a click away from checking the Samsung phone just to make sure things are rolling along as planned.
  • #25
  • Aug 21, 2012 8:05pm Aug 21, 2012 8:05pm
Quoting burt
I love myself I want you to love me
When I feel down I want you above me
I search myself I want you to find me
I forget myself I want you to remind me

I don't want anybody else
When I think about you I touch myself
Ooh I don't want anybody else Oh no, oh no, oh no

You're the one who makes me come running
You're the sun who makes me shine
When you're around I'm always laughing
I want to make you mine

I close my eyes And see you before me
Think I would die If you were to ignore me
A fool could see Just how much I adore you
I get down on my knees...
wow,,very romantic and melancholy
cheers
w

Inserted Video
  • #26
  • Aug 21, 2012 8:17pm Aug 21, 2012 8:17pm
work and come back tomorrow to collect $$$
Trade As A Sniper
  • #27
  • Aug 21, 2012 8:46pm Aug 21, 2012 8:46pm
I trade on the M5 charts and watching them stresses me out. My method requires that I only pull the trigger on a trade at the very end of a candle. I don't manually close a trade. Either it's stopped out or the trade manager pulls it out, so I don't need to watch the screen once I put a trade on either.

That being said, I do have to look at the screen for the last minute of each 5-minute candle to determine if a signal is present. So I'm pretty much stuck. I only leave the computer after a candle has closed and I've made the call as to whether there's a signal or not. Once that happens, I hit the timers on my watch so I can be back in front of the screen 4 minutes later. This includes bathroom breaks.

If I don't need to go anywhere, I shrink MT4 down. I've got an interval timer that goes off when there's 1 minutes left on the candle, when there's 10 seconds left on the candle, and when the candle has closed.

In between candles, I have a routine. For a good part of the day, I practice my trading method by opening up a separate MT4 and running a random month through strategy tester. Between switching back to the live MT4 every 5 minutes and other stuff, it takes me about 5 hours to work through a full month on the E/U. The G/U gives up only about 1/3 the number of signals, but it still takes about 3 hours to work through a month on that one. This is what I do pretty much first in the day.

Once I've done my "trading sim training" I'll go and check forums, read a book, watch videos, see what's happening over at TradeItDontDateIt, or any number of things. Between yesterday and today I read "Trading in the Zone" for the first time. I'm also a full time student and this semester I had my first online class....so I watch the lecture videos between candle alerts too. Pretty much, I'm working for one minute, then I'm on break for four minutes for a period of 10 hours. It feels kinda restrictive, but it's not hard like digging ditches would be hard.
  • #28
  • Aug 21, 2012 11:53pm Aug 21, 2012 11:53pm
for all of you thank you for your comments and participation

cheer
w
  • #29
  • Aug 22, 2012 1:42am Aug 22, 2012 1:42am
Divinyls, innit? This song, along with Cindy Lauper's She Bop were quite controversial in their time. Not without a reason, we might add

Quoting burt
I love myself I want you to love me
When I feel down I want you above me
I search myself I want you to find me
I forget myself I want you to remind me
forget about tomorrow, just steal away into the night
  • #30
  • Aug 22, 2012 1:55am Aug 22, 2012 1:55am
Hmmpf, "five hundred miles" nice melody, reminds me these old fellas ... look at the funny hairdos, the proof that men have three basic hairstyles, parted, unparted and departed.

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Quoting wendykurnia
wow,,very romantic and melancholy
cheers
w
forget about tomorrow, just steal away into the night
  • #31
  • Aug 22, 2012 2:41am Aug 22, 2012 2:41am
Could it be you're just thinking too much. If living in suburbia with 30 years mortgage on your back is not for you, then don't do it. Instead, try to rewind, to when you felt you were in the right place, with the right people, and try to do something similar. Chances are, the people and place will be different but hey, what's life without changes and challenges.
Inserted Video

Quoting Hilar
Whats this thread about again?.. Oh yeh, I just ass around the forum looking for a hug mainly.
forget about tomorrow, just steal away into the night
  • #32
  • Aug 22, 2012 10:49pm Aug 22, 2012 10:49pm
Quoting spekitox
Could it be you're just thinking too much. If living in suburbia with 30 years mortgage on your back is not for you, then don't do it. Instead, try to rewind, to when you felt you were in the right place, with the right people, and try to do something similar. Chances are, the people and place will be different but hey, what's life without changes and challenges.
http://www.youtube.com/watch?v=k2xKALElVHo

when you felt you were in the right place, with the right people, and try to do something similar. Chances are, the people and place will be different but hey, what's life without changes and challenges.

yeah,, maybe life would be stagnant and boring

cheer
w
  • #33
  • Aug 24, 2012 9:00pm Aug 24, 2012 9:00pm
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  • #34
  • Aug 25, 2012 5:44am Aug 25, 2012 5:44am
Good old Ray Charles. Nice one wendykurnia. Slow music, with a distinct voice, not intruding but perfectly enjoyable as background music.
Reminds me this one, which I first heard while dining out, I asked the waitress who the singer was. The answer: Norah Jones.
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forget about tomorrow, just steal away into the night
  • #35
  • Aug 25, 2012 11:49am Aug 25, 2012 11:49am
Quoting spekitox
Good old Ray Charles. Nice one wendykurnia. Slow music, with a distinct voice, not intruding but perfectly enjoyable as background music.
Reminds me this one, which I first heard while dining out, I asked the waitress who the singer was. The answer: Norah Jones.
http://www.youtube.com/watch?v=Bw4ZiDy9kfE
Quiet flows but sweep

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  • #36
  • Aug 26, 2012 7:07am Aug 26, 2012 7:07am
How's the footwear biz churning along? What are they, leather shoes your factory produces? I bet it's not wellingtons, you don't need those in the desert.

Quoting Soldier
when I am bored I step down in FF and start calling people what they are....


LOSERS
forget about tomorrow, just steal away into the night
  • #37
  • Aug 27, 2012 9:30pm Aug 27, 2012 9:30pm
Quoting spekitox
How's the footwear biz churning along? What are they, leather shoes your factory produces? I bet it's not wellingtons, you don't need those in the desert.
soldier has been removed from ff

cheers

Inserted Video
  • #38
  • Aug 27, 2012 11:15pm Aug 27, 2012 11:15pm
Quoting wendykurnia
what do you do in between waiting ?

trading is a tedious job and boring
there are waiting for an opportunity
there is waiting set up
there is waiting repeated pattern or harmony pattern
there is waiting momentum or strong move
there is waiting after momentum and after strong move
there are waiting for break out range
there is a waiting breakout then pullback / retest
there is waiting breakout pinbar or IB
there are waiting for the chance to trade range
and range of variety and so,,etc,,etc,,,

on the sidelines that time
There was good we do...
In the beginning... I was turning 40. I owned 2 restaurants, 2 bars, 4 retail stores and 3 rental properties, and my home. I worked 100+ hrs per week and logged over 4K miles a month on my truck... I never got to be home.

At 40 1/2 I had a stroke... which led to a divorce, loss of rental properties and job. then I broke the **it out of my right leg...
It was at this time I became a caregiver for dad while he battled the cancer... I now learned first hand about the shortness of life... and the display of what it means to fight with courage - thx dad!

In the middle... I was turning 41. I stumbled my way into forex. I did not need any 'fake' account. I can do it - I was successful at everything else I ever did, and I WANT THIS TRADING THING BAD.... I WANT IT REALLY BAD... like nothing ever before. I invest thousands of dollars. I lose even more. I find chatrooms, free webinars, read every book I can get my hands on... I continue to flounder in the markets as a trader...

In the end... A mentor crosses my path. He pays his good fortune forward upon me for no reason whatsoever. I hitch to this person and learn about analysis... major advanced analysis. It is good. I trade again. I lose again.

Finally. It is obvious the problem lies between the ears. Everything takes time. It is when i look inside to truely understand what the heck the problem is.

I begin to teach others. I learn more than ever I though was possible. I pay it forward, and so do the markets. This time next year - I will be unemployed.... BY CHOICE!!!!!!!!!!!!!

Today, when waiting for price... I like to do anything - LIFE IS SHORT... the markets will never go anywhere - if you miss a move - go and live it up - when you get back - the markets will still be there and they will still be moving.
  • #39
  • Aug 27, 2012 11:35pm Aug 27, 2012 11:35pm
Quoting wendykurnia
soldier has been removed from ff

cheers

http://www.youtube.com/watch?v=eDPzLXgxY7s
Yeah that guy wasn't much fun. Must be hard for him being such a winner.
H.D
  • #40
  • Aug 27, 2012 11:35pm Aug 27, 2012 11:35pm
Quoting deanoracer
In the beginning... I was turning 40. I owned 2 restaurants, 2 bars, 4 retail stores and 3 rental properties, and my home. I worked 100+ hrs per week and logged over 4K miles a month on my truck... I never got to be home.

At 40 1/2 I had a stroke... which led to a divorce, loss of rental properties and job. then I broke the **it out of my right leg...
It was at this time I became a caregiver for dad while he battled the cancer... I now learned first hand about the shortness of life... and the display of what it means to fight with courage...
H.D
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