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  • #706,761
  • Oct 12, 2012 1:40pm Oct 12, 2012 1:40pm
Quoting attila
yeah, that says how subjective the TLs are. I never care about them..
I too haven't used TLs for quite sometime and find trading much easier.
The Thief of Wall Street
  • #706,762
  • Oct 12, 2012 1:42pm Oct 12, 2012 1:42pm
Quoting Chicky
I too haven't used TLs for quite sometime and find trading much easier.
Don't you use A LOT of them actually?
  • #706,763
  • Oct 12, 2012 1:43pm Oct 12, 2012 1:43pm
TGIF......................Happy weekend mates
Maximizing your potentials!
  • #706,764
  • Oct 12, 2012 1:45pm Oct 12, 2012 1:45pm
Quoting DudeSepii
incredible..............
Naaa...lucky
Ghost Rider - WWTBMD?
  • #706,765
  • Oct 12, 2012 1:47pm Oct 12, 2012 1:47pm
All quiet on the Western Front.............
  • #706,766
  • Oct 12, 2012 1:53pm Oct 12, 2012 1:53pm
bear's they died ... Idiots
  • #706,767
  • Oct 12, 2012 1:53pm Oct 12, 2012 1:53pm
Quoting DudeSepii
All quiet on the Western Front.............
Eric Maria Remark? No change on the Western Front, don't know original name in German
  • #706,768
  • Oct 12, 2012 1:55pm Oct 12, 2012 1:55pm
Quoting attila
Don't you use A LOT of them actually?
I had two TLs for every pip, but one day decided to delete my these precious possessions. I now trade with 50% fib. However, my method requires only one line for reference, even an arbitrary drawn line is equally good. All I have to see if its moving up or down from that line, rest is money management.
The Thief of Wall Street
  • #706,769
  • Oct 12, 2012 2:00pm Oct 12, 2012 2:00pm
The week is ending here I leave my map for next week.

http://s18.postimage.org/v0ud7yjc9/map_eurusd.png

Don't be distracted
  • #706,770
  • Oct 12, 2012 2:01pm Oct 12, 2012 2:01pm
Quoting Chicky
I had two TLs for every pip, but one day decided to delete my these precious possessions. I now trade with 50% fib. However, my method requires only one line for reference, even an arbitrary drawn line is equally good. All I have to see if its moving up or down from that line, rest is money management.
This is how my charts looks like now. The green line in the middle is the base line, a 50% fib.

http://www.forexfactory.com/attachme...1&d=1350065993
The Thief of Wall Street
  • #706,771
  • Oct 12, 2012 2:01pm Oct 12, 2012 2:01pm
Very good Budget Balance but.......
  • #706,772
  • Oct 12, 2012 2:02pm Oct 12, 2012 2:02pm
Quoting Chicky
I had two TLs for every pip, but one day decided to delete my these precious possessions. I now trade with 50% fib. However, my method requires only one line for reference, even an arbitrary drawn line is equally good. All I have to see if its moving up or down from that line, rest is money management.
right.. I agree with that.. We can trade arbitrary lines on the chart (no joke) as long as we understand what the price does in relation to them.

gator said at one time to find something that happens 51% of the time after something else happened, add MM and you have a decent system.
  • #706,773
  • Oct 12, 2012 2:06pm Oct 12, 2012 2:06pm
seems 60 is a gd resistance now?
  • #706,774
  • Oct 12, 2012 2:09pm Oct 12, 2012 2:09pm
Quoting attila
right.. I agree with that.. We can trade arbitrary lines on the chart (no joke) as long as we understand what the price does in relation to them.

gator said at one time to find something that happens 51% of the time after something else happened, add MM and you have a decent system.
Gator is a great trader and 100% right about that. I once compared what good traders do the most. One thing I noticed that they consistently followed their edge, without much variation. Over the years, Gator has developed certain basic trading principles and refined his entries/exits. I closely observe him from the very first day, maybe not his calls as much but his thinking.
The Thief of Wall Street
  • #706,775
  • Oct 12, 2012 2:15pm Oct 12, 2012 2:15pm
Quoting meromar
Eric Maria Remark? No change on the Western Front, don't know original name in German
Even those who servived were destroyed by the war. Like in forex.
I hope it will be a quick war with not much losses. Motherland waits for u.
  • #706,776
  • Oct 12, 2012 2:30pm Oct 12, 2012 2:30pm
Quoting zepipo
The week is ending here I leave my map for next week.

http://s18.postimage.org/v0ud7yjc9/map_eurusd.png

Don't be distracted
Do u really have a blonde on the chart? Is she there to help the concentration? eheheh
  • #706,777
  • Oct 12, 2012 2:34pm Oct 12, 2012 2:34pm
Quoting DudeSepii
All quiet on the Western Front.............
Great movie
  • #706,778
  • Oct 12, 2012 2:35pm Oct 12, 2012 2:35pm
Quoting attila
right.. I agree with that.. We can trade arbitrary lines on the chart (no joke) as long as we understand what the price does in relation to them.

gator said at one time to find something that happens 51% of the time after something else happened, add MM and you have a decent system.
yes correct, in my early days of trading i really used to find a system with higher winning %age but with experience i came to know that its not winning %age that matters actually its risk/reward ratio that matter the most, you will be profitable with a system which has 30% winning and 70% losing; how?

the risk/reward ratio of min 1:3, mean out of 100 trades with 100$ balance you lost 70$ on 70 losing trades but ur min risk/reward is 1:3 so with 30 winning trades you won 90$ now calculate this
$100-$70= $30 and adding $90 to $30= $120 = 20% gain after 100 trades

but this took me more than 9 years to understand, and then with winning % increases ur profit increases dramatically more than u can imagine only because of R/R

and with 40%, 50% or even 60% winning system and R/R of 1:3 where you stand just calculate
Learning Requires Failure
  • #706,779
  • Oct 12, 2012 2:59pm Oct 12, 2012 2:59pm
OK. Now tell us who is in distress, losing?
The Thief of Wall Street
  • #706,780
  • Oct 12, 2012 3:02pm Oct 12, 2012 3:02pm
Quoting mikijk3
Do u really have a blonde on the chart? Is she there to help the concentration? eheheh
Lol I think that is for entry & exit
A good trader follows his rules, but great trader knows when to break them
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