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  • #719,741
  • Nov 20, 2012 12:09pm Nov 20, 2012 12:09pm
Déjà vu, from French, literally "already seen", is the phenomenon of having the strong sensation that an event or experience currently being experienced had been experienced in the past.


names come and go here, no need to latch your account on the new shiny toy until proven. and even then the toy may not be as seen on tv. that new kung fo grip aint gonna pick your ass off the floor.
those who can, do. those who cant, talk about those who can
  • #719,742
  • Nov 20, 2012 12:09pm Nov 20, 2012 12:09pm
Quoting tomspin
giving false impression to new traders that 1M chart is the way to go is not the best thing buddy, you must be a very experienced, and full time trader to do that. many people who start trading forex have absolutely no mental strenth to play with M1 as it moved to fast for them, that lead to many red positions and revenge trading which end up in margin call pretty fast. I am a victim of those who scalp.
If you are new to this you MUSTN'T go lower than Daily until you have success under your belt.
It all depend what kind of target you are seeking,...

Hah! Revenge Trading - no need to explain it. I reckon I've caught myself in that trap at least once a week for the past four weeks . . . and lost a bloody fortune doing it. Each time I tell myself what a prat I was but . . . .
  • #719,743
  • Nov 20, 2012 12:10pm Nov 20, 2012 12:10pm
Quoting attila
It still looks long but the inbreds are driving it so they'll probably crap their pants for the next 2 hours...
almost 2 hours into it and it smells from here.. They're not disappointing..
  • #719,744
  • Nov 20, 2012 12:11pm Nov 20, 2012 12:11pm
Quoting gatorinla
https://www.youtube.com/watch?v=HAkW-upvtcI
This is the right Alabama -
Inserted Video
  • #719,745
  • Nov 20, 2012 12:12pm Nov 20, 2012 12:12pm
O FED não cheira e nem fede...
  • #719,746
  • Nov 20, 2012 12:16pm Nov 20, 2012 12:16pm
Quoting gatorinla
https://www.youtube.com/watch?v=HAkW-upvtcI
Quoting sasavisnic67
This is the right Alabama - https://www.youtube.com/watch?v=C29Fs-WNIrg
both are great

but I do believe that there was point to the title of gators choice
  • #719,747
  • Nov 20, 2012 12:18pm Nov 20, 2012 12:18pm
Quoting tomspin
giving false impression to new traders that 1M chart is the way to go is not the best thing buddy, you must be a very experienced, and full time trader to do that. many people who start trading forex have absolutely no mental strenth to play with M1 as it moved to fast for them, that lead to many red positions and revenge trading which end up in margin call pretty fast. I am a victim of those who scalp.
If you are new to this you MUSTN'T go lower than Daily until you have success under your belt.
It all depend what kind of target you are seeking,...
Think about it this way. 90% of those who deposit in forex end up redepositing before they ever withdraw. And since trading on 1m (scalping) is considered unorthodox. That would imply those 90% are losing their shirts on higher time frames. That is a known fact. Lets say I was going to teach my son how to count. Would I teach him how to multiply first (higher time frames), before I teach him how to add (1m trading) ? You would also start with the most basic. I believe 1m is the most basic, because 1m paints the 5m picture and so on. As maxdoom mentioned. Higher time frame only allows you to speculate more, because your using such a high sl. Your only using a high sl, because you aren't sure how accurate your entry point is.
That then leads one to ask them self. Why would I concede to locking up so much free margin into a high sl, when if i focus on lower sl, I can use my free margin to catch the surges which may occur.
  • #719,748
  • Nov 20, 2012 12:18pm Nov 20, 2012 12:18pm
Quoting MaxDoom
you are probably right, but there are many swing and large TF traders that do very well indeed. I think it is all about how you want to trade practically that drives ones choices, a good number do not sit in front of their computer all day which is why they swing or use large SL to avoid market noise and hence higher TF and not everyone is cut out for the highs and lows of trading small timeframe volatility, and again for really big accounts it can be a lot cheaper in charges to place less trades.

still I like your style


short EU from...
Nailed it! I don't sit in front of the computer all day and even if I did, it just doesn't suit my personality/trading style.
Not all sins are created equal
  • #719,749
  • Nov 20, 2012 12:22pm Nov 20, 2012 12:22pm
Quoting Devonsent
Well, that's where I'd have to start, learning the standard patterns. lol I use eToro and my spreads are, in the main, already 3+ and it automatically allocates a SL position, which you can change manually - to a point. I would dearly love to open a trade, any trade, which didn't tend to move down (excluding the spread) before it moved up - assuming I'm fortunate enough for it to do that.
Devo I will try to create a thread and share aspects of my setup. Add me as a friend here on FF so you can follow my progress. There are only about 8 formations on the 1m chart. So not much to study. You just have to always have
1)Tight stop loss 5 points
2)Pending order at that 5 point stop loss in the opposite direction of that order (in which that order must also have a stop loss of 5)
3)A firm which offers as low of a spread as possible.
  • #719,750
  • Nov 20, 2012 12:23pm Nov 20, 2012 12:23pm
Quoting MaxDoom
both are great

but I do believe that there was point to the title of gators choice
highlights to the game at 10 in your local viewing area.
those who can, do. those who cant, talk about those who can
  • #719,751
  • Nov 20, 2012 12:26pm Nov 20, 2012 12:26pm
Quoting gatorinla
highlights to the game at 10 in your local viewing area.
having so much fun trying to decipher what you mean
  • #719,752
  • Nov 20, 2012 12:30pm Nov 20, 2012 12:30pm
in progress atm
Attached Image (click to enlarge)
Click to Enlarge Name: usdx cam.PNG Size: 32 KB
those who can, do. those who cant, talk about those who can
  • #719,753
  • Nov 20, 2012 12:30pm Nov 20, 2012 12:30pm
a day like today must be every brokers delight. Imagine the cumulated comission on all those triggered orders when things pointlessly wobble +-30pips once every 40 minutes.
  • #719,754
  • Nov 20, 2012 12:31pm Nov 20, 2012 12:31pm
Quoting MaxDoom
you are probably right, but there are many swing and large TF traders that do very well indeed. I think it is all about how you want to trade practically that drives ones choices, a good number do not sit in front of their computer all day which is why they swing or use large SL to avoid market noise and hence higher TF and not everyone is cut out for the highs and lows of trading small timeframe volatility, and again for really big accounts it can be a lot cheaper in charges to place less trades.

still I like your style


short EU from...
Max this may be a dumb question, but is trading your primary source of income?
  • #719,755
  • Nov 20, 2012 12:32pm Nov 20, 2012 12:32pm
Quoting Kilgore T
a day like today must be every brokers delight. Imagine the cumulated comission on all those triggered orders when things pointlessly wobble +-30pips once every 40 minutes.
If a trader places a bunch of orders in a wobbly market like this, he will eventually die from a thousand cuts.
Not all sins are created equal
  • #719,756
  • Nov 20, 2012 12:32pm Nov 20, 2012 12:32pm
Quoting AmberLynn
Devo I will try to create a thread and share aspects of my setup. Add me as a friend here on FF so you can follow my progress. There are only about 8 formations on the 1m chart. So not much to study. You just have to always have
1)Tight stop loss 5 points
2)Pending order at that 5 point stop loss in the opposite direction of that order (in which that order must also have a stop loss of 5)
3)A firm which offers as low of a spread as possible.
"AmberLynn," I would not question your method, but your advice sounds awfully similar to someone who used to post using "Stopguessing" alias.
"The market can remain irrational longer than you can remain solvent"
  • #719,757
  • Nov 20, 2012 12:32pm Nov 20, 2012 12:32pm
98 cmon!
  • #719,758
  • Nov 20, 2012 12:33pm Nov 20, 2012 12:33pm
Quoting gatorinla
in progress atm
once broken... usually no need to jump in.. it many times comes back to the tl.. or 28017+ s little..
those who can, do. those who cant, talk about those who can
  • #719,759
  • Nov 20, 2012 12:34pm Nov 20, 2012 12:34pm
Quoting Devonsent
Hah! Revenge Trading - no need to explain it. I reckon I've caught myself in that trap at least once a week for the past four weeks . . . and lost a bloody fortune doing it. Each time I tell myself what a prat I was but . . . .
High Tf is a slow painful death. I believe they revenge trade more then anyone else. You know the type which use words like STOP LOSS HUNT, MANIPULATING MOVEMENT, SHORT SQUEEZE. JUST to name a few. They seem to believe the market is against them. Yet if you focused more on entry it wouldnt seem that way.
  • #719,760
  • Nov 20, 2012 12:36pm Nov 20, 2012 12:36pm
Quoting AmberLynn
Devo I will try to create a thread and share aspects of my setup. Add me as a friend here on FF so you can follow my progress. There are only about 8 formations on the 1m chart. So not much to study. You just have to always have
1)Tight stop loss 5 points
2)Pending order at that 5 point stop loss in the opposite direction of that order (in which that order must also have a stop loss of 5)
3)A firm which offers as low of a spread as possible.
I think I've done that right - I've added you as a Buddy on my Profile, was that what you meant?
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