Amazing Black Magic Trading Method | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

AMAZING Strategy!!! 3,268 replies

bo7a method... method for GBP/JPY 205 replies

Firebird V1.0 an amazing EA ! 33 replies

Amazing Disaster Trading Stories!!! 4 replies

Amazing Trading Stories!!! 9 replies

Attachments: Amazing Black Magic Trading Method
Exit Attachments

Amazing Black Magic Trading Method

  • #341
  • Sep 7, 2012 10:39am Sep 7, 2012 10:39am
Quoting Chicky
Me too. That's why I have set sls and tps.
Jesse says one has to believe in himself and his method to survive in this game.
The Thief of Wall Street
  • #342
  • Sep 7, 2012 10:41am Sep 7, 2012 10:41am
Quoting Chicky
Jesse says one has to believe in himself and his method to survive in this game.
True....but your not really following his method, from what I can tell.

Sorry, not trying to sound like a dick, we can take this offline if you want any specifics...I can only tell you here, that your making the same mistake you made the last time I pointed it out.
  • #343
  • Sep 7, 2012 10:55am Sep 7, 2012 10:55am
Quoting almo
True....but your not really following his method, from what I can tell.

Sorry, not trying to sound like a dick, we can take this offline if you want any specifics...I can only tell you here, that your making the same mistake you made the last time I pointed it out.
Good observation. I am lately merging my own method of playing bounces with jesse's money management and entry tactics. That requires breaking the whole move into smaller components. This needs to be done because Jesse was a commodity and stock trader but we are currency traders.
The Thief of Wall Street
  • #344
  • Sep 7, 2012 10:59am Sep 7, 2012 10:59am
Quoting Chicky
Good observation. I am lately merging my own method of playing bounces with jesse's money management and entry tactics. That requires breaking the whole move into smaller components. This needs to be done because Jesse was a commodity and stock trader but we are currency traders.
Ok...fair enough. I'll wait to see the outcome.

Best,

Almo
  • #345
  • Sep 7, 2012 11:21am Sep 7, 2012 11:21am
Quoting almo
Ok...fair enough. I'll wait to see the outcome.

Best,

Almo
I don't believe in outcome, it may be different but there should be INCOME.
The Thief of Wall Street
  • #346
  • Sep 7, 2012 11:51am Sep 7, 2012 11:51am
Removed sls. Ready for the weekend.
The Thief of Wall Street
  • #347
  • Sep 7, 2012 12:08pm Sep 7, 2012 12:08pm
hello room, jesse livermoore was full of wonderful quotes and a seasoned trader a great trend follower unlike me, not everyone is the same but i honestly think times are slightly different these days. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #348
  • Sep 7, 2012 12:39pm Sep 7, 2012 12:39pm
Quoting billytt
hello room, jesse livermoore was full of wonderful quotes and a seasoned trader a great trend follower unlike me, not everyone is the same but i honestly think times are slightly different these days. take care
Thanks Billy.

He was a good trader and a mean mother fucker. We may never develop all his qualities.

I have been trading different markets for only little over 30 years, and after seeing this bloody pa visiting same fuckin' level again and again like a prick repeatedly going into and coming out of the same area, have less regard for a trend in currency market. That doesn't mean, I don't follow one particular direction indicated by key fundamentals. Yes,we are living in interesting times and can freely exchange words like fuck.
The Thief of Wall Street
  • #349
  • Sep 7, 2012 1:05pm Sep 7, 2012 1:05pm
This is going to 1.2878, minimum. But I don't know how. My 1.2807 resistance has been taken out. Now I have to re-wrok that shit.
The Thief of Wall Street
  • #350
  • Sep 7, 2012 1:13pm Sep 7, 2012 1:13pm
Quoting Chicky
This is going to 1.2878, minimum. But I don't know how. My 1.2807 resistance has been taken out. Now I have to re-wrok that shit.
Chicky...I am going to PM you.
  • #351
  • Sep 7, 2012 9:49pm Sep 7, 2012 9:49pm
Quoting Chicky
This is going to 1.2878, minimum. But I don't know how. My 1.2807 resistance has been taken out. Now I have to re-wrok that shit.
Seeing how the next major S/R are all above 1.29, I can see it going over 1.29 easily.
  • #352
  • Sep 10, 2012 6:42am Sep 10, 2012 6:42am
Trying to get into a position, but its costing a lot.
The Thief of Wall Street
  • #353
  • Sep 10, 2012 9:08am Sep 10, 2012 9:08am
Quoting Chicky
Trying to get into a position, but its costing a lot.
Finally established a position.

This marked area is what I am concerned about.
Attached Image (click to enlarge)
Click to Enlarge Name: 343.jpg Size: 151 KB
The Thief of Wall Street
  • #354
  • Sep 10, 2012 10:03am Sep 10, 2012 10:03am
Quoting Chicky
Finally established a position.

This marked area is what I am concerned about.
Stopped out. Will try again.
The Thief of Wall Street
  • #355
  • Sep 10, 2012 11:15am Sep 10, 2012 11:15am
Quoting Chicky
Stopped out. Will try again.
All set. Removed tp and sl. Lets see what London brings.
The Thief of Wall Street
  • #356
  • Sep 11, 2012 6:23am Sep 11, 2012 6:23am
Quoting Chicky
All set. Removed tp and sl. Lets see what London brings.
Closed half the position and re-established sl. Now 3 lots open.
Attached Image (click to enlarge)
Click to Enlarge Name: 345.jpg Size: 135 KB
The Thief of Wall Street
  • #357
  • Sep 11, 2012 6:41am Sep 11, 2012 6:41am
Quoting Chicky
Closed half the position and re-established sl. Now 3 lots open.
1.2906 and 1.3034 are good for bounces.
The Thief of Wall Street
  • #358
  • Sep 11, 2012 6:53am Sep 11, 2012 6:53am
Quoting Chicky
1.2906 and 1.3034 are good for bounces.
Closed all. Now waiting for bounce up to 1.2807 to re-enter
The Thief of Wall Street
  • #359
  • Sep 11, 2012 10:14am Sep 11, 2012 10:14am
Quoting Chicky
Closed all. Now waiting for bounce up to 1.2807 to re-enter
Trying a short term short. First attempt failed.
Attached Image (click to enlarge)
Click to Enlarge Name: 346.jpg Size: 135 KB
The Thief of Wall Street
  • #360
  • Sep 11, 2012 1:47pm Sep 11, 2012 1:47pm
Quoting Chicky
1.2906 and 1.3034 are good for bounces.
I have these three levels:

1.2807
1.2906 (revised to 1.2920)
1.3034 (revised to 1.3036)

Currently taking a chance at 1.2868 which I remember as a good s/r but cannot recall how or unable to trace back my any post stating this level.

If my memory is not as good as I think, this position will give me a loss. The only strength of my current short is latest news and 1.2807 level, that may act as a magnet. However, will be setting sl very soon because if 1.2868 level is breached, 1.2920 is the next (as indicated in this picture).

One more thing, my recent trades do not follow Jesse's method. But very soon I will be back on track.

Jesse was a swing trader and traded stocks and commodities, not currencies. On resuming Jesse's method, I will only follow his money mangement tactic but will be playing shorter moves i.e. 100 to 300 pips on Daily and 4H charts, with some help from 15M and 5M.
Attached Image (click to enlarge)
Click to Enlarge Name: 347.jpg Size: 134 KB
The Thief of Wall Street
1 trader viewing now