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  • #713,901
  • Edited 8:28am Nov 3, 2012 8:17am | Edited 8:28am
Quoting chazzle
12 years I been short on the kiwi/dollar .....
it took 3x year for Aussie to comeback above 1.02x if you could hold on to another 12 year you never know BEN can move to RNZ

apart from joke , it not only time but resource also getting wasted , Cut the lost and move forward is the right way to do this business, easy to say but very hard to adopt , but no choice
Mohan
  • #713,902
  • Nov 3, 2012 8:24am Nov 3, 2012 8:24am
Quoting HiddenGap
Okay, I concede to the critics that I only mentioned looking for the low volume up bar (No Demand). What we got was an interval with a narrow range as compared to the previous bar on increasing volume that closed near its low. This is a Squat. In fact, it is an Up Thrust.

Nevertheless, we got a sign of weakness in a down trend with weakness in the background.

Current interval has not closed yet, but it looks weak. We need to see if we close on or near the low and ultimately the amount of volume.
Gap, I hope found a way to make this VSA profitable because I wasted hours and hours taking free webinar one after another for 9 months as they used to give them 2-3 yrs ago to get you to buy their software and it was always too pricey for me. And after a while I noticed no one spoke about how well they were doing with it, although it makes perfect sense. I think its a scam. But if I am wrong, hit me in the head with it. I'd love to be wrong! -)

Silat
  • #713,903
  • Nov 3, 2012 8:30am Nov 3, 2012 8:30am
I think we all are my friend. And what is that barrage of lines on the chart? Beautiful, like a painting, but what use do they do but clutter your chart andf give you analysis paralysis? Im open to new things......

And personally we all knopw the mkts will not act normal until 1 week after the election to correct any imbalances and trades put on "hold" Should be mucho action after the election. For now, since I am into Harmonic trading, Id guess a small bounce on the euro and then right back down again.
  • #713,904
  • Nov 3, 2012 8:45am Nov 3, 2012 8:45am
Quoting irtani
1.2800//1.28200 ///
//////
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  • #713,905
  • Nov 3, 2012 9:59am Nov 3, 2012 9:59am
I had held a short on euro since 2 weeks ago Thursday (over 1.31) and felt confident to let it ride, however I did close same on Friday before going off for the weekend, because I think price fell to lowest on thinnest volumes. Most times when volume builds up, eg after London opens, it seems to be demand for risk on rather than risk off. Funny that, because psychologically I think fear (resorting to the dollar and safety) is quicker to drive the market than greed for risk.

I'd rather get back on this train after the weekend even if she has further to plummet. The election will drive things wild, more than NFP ever did.
  • #713,906
  • Nov 3, 2012 10:31am Nov 3, 2012 10:31am
Quoting a16908
Please see the screen shot. As being a senior every one out there advice me as I am learning carve, as I need advice friends.

I like how your take-profit level is small compared to how much your underwater. It's really great stuff, keep up the good work; you seem to have things planned out very well.



On a more serious note; USE STOPS. If you can't comfortably take a loss, you should NOT BE TRADING. . You have a 20 tick take profit ($100 potential gain) but you let the trade go against you $1,000???? are you smoking crack/bath salts?

Let me guess, your thought process was: "man it can't go anylower, its gonna turn around in my favor soon"

I know what I am saying won't stick or mean anything to you until you blow out several accounts or give up on trading in general but; the market knows when you are overconfident. It can smell it, much like how a dog can smell fear, and pick you off. Learn to detect this, and learn to kill your position comfortably at a loss when you sense this happening.

DON'T MARRY A TRADE, THIS ISN'T THE STOCK MARKET
  • #713,907
  • Nov 3, 2012 12:06pm Nov 3, 2012 12:06pm
I made an overview of important chart patterns and chart reading methods.
I hope you enjoy it.

Topics:
Stop Fishing, Consolidation, Consolidation price zone, Simple Moving Average (SMA), Timing Setup, Price Rejection, No breakout confirmation, Fibonacci study/ swing study/ trend, Bull/ Bear flag,Head and Shoulders pattern, Ending Diagonal pattern, Three-Drives pattern, Butterfly sell pattern, Butterfly buy pattern


http://forex-chartanalysis.blogspot....planation.html
  • #713,908
  • Nov 3, 2012 12:07pm Nov 3, 2012 12:07pm
Quoting akhtergroup
I like how your take-profit level is small compared to how much your underwater. It's really great stuff, keep up the good work; you seem to have things planned out very well.



On a more serious note; USE STOPS. If you can't comfortably take a loss, you should NOT BE TRADING. . You have a 20 tick take profit ($100 potential gain) but you let the trade go against you $1,000???? are you smoking crack/bath salts?

Let me guess, your thought process was: "man it can't go anylower, its gonna turn around in my favor soon"

I know...

Or another option: do not use stop loss but don't use more than 3-4x leverage, it works as well if you can monitor your trade. You're hooked $1K for 200 pips, which means 10 lots.. with only $2K in equity = 25x... that's way to much leverage (and I am not even considering the second position you opened). Once you get broke (if not on that trade on any other trade where you will try to make your $1K back), stop trading for a year; read on money management and you might do well.
  • #713,909
  • Nov 3, 2012 12:39pm Nov 3, 2012 12:39pm
Wrong.

The rule of thumb is pretty simple, if you use leverage, use stops. Kill losers, ride winners. If you are daytrading, don't become a position trader as soon as your trade goes into loss. and don't become a daytrader when your long-term position shows slight profit. pick a mentality, stick to it, and use stops

I'd love to see your P&L YTD with your nostops strategy. Enlighten me


Quoting Braincells
Or another option: do not use stop loss but don't use more than 3-4x leverage, it works as well if you can monitor your trade. You're hooked $1K for 200 pips, which means 10 lots.. with only $2K in equity = 25x... that's way to much leverage (and I am not even considering the second position you opened). Once you get broke (if not on that trade on any other trade where you will try to make your $1K back), stop trading for a year; read on money management and you might do well.
  • #713,910
  • Nov 3, 2012 1:01pm Nov 3, 2012 1:01pm
Quoting NWSTrading
The thing to do is ALWAYS sell at the bottom of a range into support huh? Good luck with that MISTER asshole.
what the meaning asshole ? do you know about kick ass ?
  • #713,911
  • Nov 3, 2012 1:57pm Nov 3, 2012 1:57pm
Quoting akhtergroup
Wrong.

The rule of thumb is pretty simple, if you use leverage, use stops. Kill losers, ride winners. If you are daytrading, don't become a position trader as soon as your trade goes into loss. and don't become a daytrader when your long-term position shows slight profit. pick a mentality, stick to it, and use stops

I'd love to see your P&L YTD with your nostops strategy. Enlighten me
have a look on this muppet - his account was sufferering -5000 pip and it was only -5% and he had other trading that didn't require babysitting. Not only he didn't have to consume the loses , but they actually turned into profit ( If he knew what he was doing, he wouldn't have cut the lose and turned them into winners.

http://www.forexfactory.com/showthread.php?p=6091718

This guy is a proof that even an idiot can turn a harresh loses into profit - if his account can stand the bleeding.

I can provide you with arguments that these type of trading maybe the holy grail of trading.

PS: I don't use these type of trading, i open my SL from time to time , but just my 2 cents
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"It's the Margin, Stupid."
  • #713,912
  • Nov 3, 2012 3:45pm Nov 3, 2012 3:45pm
Quoting Vachus
have a look on this muppet - his account was sufferering -5000 pip and it was only -5% and he had other trading that didn't require babysitting. Not only he didn't have to consume the loses , but they actually turned into profit ( If he knew what he was doing, he wouldn't have cut the lose and turned them into winners.

http://www.forexfactory.com/showthread.php?p=6091718

This guy is a proof that even an idiot can turn a harresh loses into profit - if his account can stand the bleeding.

I can provide you with arguments...
Lol....it's a demo account.
  • #713,913
  • Nov 3, 2012 5:01pm Nov 3, 2012 5:01pm
this is most retarded cherry picking fib drawing I've ever seen.

check your weekly chart, draw it there, and then switch to Daily to see what I mean


Quoting B_Prasad
Dude, i guess am gona do a contrary trade to ur calls . seriously i dont know wht u base ur calls, i would watch out for 1668 to hold up on a weekly basis if it does then its a long otherwise u can say bye bye to gold for the short term, if tht level is breached ull see an 100% retracement back to 1590. you should have stuck to ur first call @ shorting 1765 if i remember it correctly . Good luck...
  • #713,914
  • Nov 3, 2012 5:12pm Nov 3, 2012 5:12pm
Quoting DudeSepii
Lol....it's a demo account.
And there is different mathematics from Demo to live ?
"It's the Margin, Stupid."
  • #713,915
  • Nov 3, 2012 5:21pm Nov 3, 2012 5:21pm
it is typcal GRID trading nothing else.
he has no clue about what trading is.

how those trades turn in to profit?
I advise him to open Lot sizes then we will clearly see how it turn into green.
system is trading in a sideways MKT.even when sideways it was about destroy account. he he
it s an EA.
he can BT it.
lets BT it for last 5 years see what will happen.

2007 - 2008 - 2010 will definetly blow.

if he is bold to that I am ready
walker.



Quoting Vachus
have a look on this muppet - his account was sufferering -5000 pip and it was only -5% and he had other trading that didn't require babysitting. Not only he didn't have to consume the loses , but they actually turned into profit ( If he knew what he was doing, he wouldn't have cut the lose and turned them into winners.

http://www.forexfactory.com/showthread.php?p=6091718

This guy is a proof that even an idiot can turn a harresh loses into profit - if his account can stand the bleeding.

I can provide you...
  • #713,916
  • Nov 3, 2012 5:28pm Nov 3, 2012 5:28pm
BTW he is in my Ignore list.
if he accept please be kind & let me know

Quoting stevewalker
it is typcal GRID trading nothing else.
he has no clue about what trading is.

how those trades turn in to profit?
I advise him to open Lot sizes then we will clearly see how it turn into green.
system is trading in a sideways MKT.even when sideways it was about destroy account. he he
it s an EA.
he can BT it.
lets BT it for last 5 years see what will happen.

2007 - 2008 - 2010 will definetly blow.

if he is bold to that I am ready
walker.
  • #713,917
  • Nov 3, 2012 5:33pm Nov 3, 2012 5:33pm
EUR/USD Sell 1.30517 Buy 1.30422
Oct 22, 2012 11:51am
Oct 22, 2012 12:57pm
7.2%9.5

%7.20 profit with 9.5 pips
this must tell you something

how it turned into GREEN!

he is the only smart @ FF

Quoting stevewalker
BTW he is in my Ignore list.
if he accept please be kind & let me know
  • #713,918
  • Nov 3, 2012 5:43pm Nov 3, 2012 5:43pm
Hakimi
Multiple Usernames

ohhh I did not know that.

so there will be no challenge.


Quoting stevewalker
EUR/USD Sell 1.30517 Buy 1.30422
Oct 22, 2012 11:51am
Oct 22, 2012 12:57pm
7.2%9.5

%7.20 profit with 9.5 pips
this must tell you something

how it turned into GREEN!

he is the only smart @ FF
  • #713,919
  • Nov 3, 2012 8:30pm Nov 3, 2012 8:30pm
Hi Guys,
I am new to forum but all I can say from my trading experience is that trading without 1:2 risk:reward ratio takes you no where.

Quoting DudeSepii
Lol....it's a demo account.
  • #713,920
  • Edited 9:06pm Nov 3, 2012 8:52pm | Edited 9:06pm
Quoting Vachus
have a look on this muppet - his account was sufferering -5000 pip and it was only -5% and he had other trading that didn't require babysitting. Not only he didn't have to consume the loses , but they actually turned into profit ( If he knew what he was doing, he wouldn't have cut the lose and turned them into winners.

http://www.forexfactory.com/showthread.php?p=6091718

This guy is a proof that even an idiot can turn a harresh loses into profit - if his account can stand the bleeding.

I can provide you...

it's EA making this trade and its on demo , if you closely look into trade EA taking multiple trade @ same level to over state pips earn. his 2nd account might do trade on other site which might show +5000 pip profit and help him to scam.

the system he used is called grid/Martingale ,

i am also developing my own grid/Martingale system for automated trading , it will work as long as pair in rage, once it's brake bad luck , reducing damage is key

my current version draw down chart (in $) , as long as i can limit 10% lost to 4 ~6 times a year system can give some return


http://www.forexfactory.com/showthre...78#post6068078


different between Dome and actual : no pain or stress involved in Demo live will have that . EA have little advantage on demo (few pip) which irrelevant for this case
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Mohan
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