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  • #719,761
  • Nov 20, 2012 12:36pm Nov 20, 2012 12:36pm
Quoting gatorinla
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....
no way
those who can, do. those who cant, talk about those who can
  • #719,762
  • Nov 20, 2012 12:36pm Nov 20, 2012 12:36pm
Quoting akedemik
Max this may be a dumb question, but is trading your primary source of income?
yes
  • #719,763
  • Nov 20, 2012 12:37pm Nov 20, 2012 12:37pm
Quoting MaxDoom
both are great

but I do believe that there was point to the title of gators choice
I know, but when I see Alabama, there are only 2 possibilities - Sweet home Alabama or this one
Inserted Video


"Away from Mississippi's vale,...."
  • #719,764
  • Nov 20, 2012 12:38pm Nov 20, 2012 12:38pm
Quoting gatorinla
once broken... usually no need to jump in.. it many times comes back to the tl.. or 28017+ s little..
no break.. no bears.
those who can, do. those who cant, talk about those who can
  • #719,765
  • Nov 20, 2012 12:38pm Nov 20, 2012 12:38pm
Quoting BlueCirrus
2807-2810 is of interest now...2776, 60 and 50 in sight if that holds...But, also still possible to test 2816-2817 again...
Looking to test 10 again...
  • #719,766
  • Nov 20, 2012 12:39pm Nov 20, 2012 12:39pm
Quoting AmberLynn
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...
Wouldn't be nice to place lets say 50 trades per year, be once a week by your laptop and spend rest of the time with your family & mates?
Different goals we all have, I enjoy looking at my charts but more time I spend by them the more I think I miss a lot in my life.
Looking forward to your thread, but to be honest non of them scalping places in FF survived but J16 is still here and teach new people a proper way to learn - from top to bottom.
good luck
swing it!
  • #719,767
  • Nov 20, 2012 12:39pm Nov 20, 2012 12:39pm
Quoting Devonsent
I think I've done that right - I've added you as a Buddy on my Profile, was that what you meant?
Yes that is what i meant.Yet really the formations will be repeated.in on all tf. Its just that higher tf give you less accurate entries.
  • #719,768
  • Nov 20, 2012 12:43pm Nov 20, 2012 12:43pm
Quoting tomspin
Wouldn't be nice to place lets say 50 trades per year, be once a week by your laptop and spend rest of the time with your family & mates?
Different goals we all have, I enjoy looking at my charts but more time I spend by them the more I think I miss a lot in my life.
Looking forward to your thread, but to be honest non of them scalping places in FF survived but J16 is still here and teach new people a proper way to learn - from top to bottom.
good luck
A couple of weeks ago I happened across the Annual Automated Trading Championships that run from June to December (I think) each year. First year, the winner took a $10k stake up to $170,000 in six months with just 27 trades.

Now that's where I want to be

Having said that, if I have to sit here ten hours a day to make the money that I need, then I'll do that as well but either way, I have to learn, act and react appropriately.
  • #719,769
  • Nov 20, 2012 12:44pm Nov 20, 2012 12:44pm
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.
AmerLynn, are you planning to set up a skype trading room?

just an innocent question from a newbie...
  • #719,770
  • Nov 20, 2012 12:45pm Nov 20, 2012 12:45pm
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 . . . .
Ok, I'll contribute... This is just my personal experience and opinions (you know what they say about opinions - they are like assholes and everybody has one - so be skeptical). This is a fact - if you want to be a trader, then the road ahead will be painful and costly for you. Sorry, there is just no other way to put it...

This is what I did, strategy wise...
1) trend trading - this means not trying to pick tops or bottoms
2) looking for retracements - this means if I have an uptrend bias, then I would look for a higher-low to enter
3) preplanned multiple entries (not martingale), and preplanned SL's - makes sure that the total loss of all the entries in each individual market is no more than 2% of total account
4) a big fan of demo - imo, if you can't make it with fake money, there is no chance in hell you'll be profitable with real money
5) stay the hell away from this thread - imo, this is the worst thread to learn how to trade, the opinions here are so diverse and there are so many trolling assclowns perusing it - come back only when you have stronger self-belief and convictions
6) pay attention to someone in the Trading Systems or Trading Discussion forums that have the same trading duration and philosophy as you to see what they see - for example, don't focus on a scalper if you're a swinger

Hope this helps, and good luck to you!
  • #719,771
  • Nov 20, 2012 12:45pm Nov 20, 2012 12:45pm
hmmmmm
  • #719,772
  • Nov 20, 2012 12:46pm Nov 20, 2012 12:46pm
Quoting MaxDoom
yes
Figured that much but just curious sometimes. Did you ever used to work while trading on the side? thats currently what I do, looking to gain a lot of screen time and success before moving to full time trading.
  • #719,773
  • Nov 20, 2012 12:48pm Nov 20, 2012 12:48pm
Quoting keradk
AmerLynn, are you planning to set up a skype trading room?

just an innocent question from a newbie...
Honestly no. Only because when Im trading big lot sizes. I do not chat. Plus I work during the day so no real time to chat. Yet Im on my way home now. Yet, the market slows down around this time.
  • #719,774
  • Nov 20, 2012 12:53pm Nov 20, 2012 12:53pm
Quoting kokopelli
Ok, I'll contribute... This is just my personal experience and opinions (you know what they say about opinions - they are like assholes and everybody has one - so be skeptical). This is a fact - if you want to be a trader, then the road ahead will be painful and costly for you. Sorry, there is just no other way to put it...

This is what I did, strategy wise...
1) trend trading - this means not trying to pick tops or bottoms
2) looking for retracements - this means if I have an uptrend bias, then I would look for a higher-low to enter
3) preplanned...

TY Kokopelli

Painful X
Costly X
Yep, got both those two already although, despite a couple of losses, this week has so far been better than others because I'm looking at things slightly differently.

It is confusing when the same empirical information is interpreted so diversely but following one person's setup (Amber's) to see how an experienced trader does it will certainly open my eyes a little more. Not sure if I'd copy them all but it's a matter of seeing how one person's strategy works for them so that I can better look for something for me.

Does that make sense at all or am I talking b*ll*cks?
  • #719,775
  • Nov 20, 2012 12:53pm Nov 20, 2012 12:53pm
Quoting tomspin
Wouldn't be nice to place lets say 50 trades per year, be once a week by your laptop and spend rest of the time with your family & mates?
Different goals we all have, I enjoy looking at my charts but more time I spend by them the more I think I miss a lot in my life.
Looking forward to your thread, but to be honest non of them scalping places in FF survived but J16 is still here and teach new people a proper way to learn - from top to bottom.
good luck
Well my goal is to change my families quailty of life by earning triple my monthly salary by trading forex. Even if I do spend 6 hours a day on the computer.
  • #719,776
  • Nov 20, 2012 12:53pm Nov 20, 2012 12:53pm
Quoting AmberLynn
Honestly no. Only because when Im trading big lot sizes. I do not chat. Plus I work during the day so no real time to chat. Yet Im on my way home now. Yet, the market slows down around this time.
thanks and good 4 u. I was just checking, because this room has seen it before and proper signs were in place.

Isn't it true Max?
  • #719,777
  • Nov 20, 2012 12:54pm Nov 20, 2012 12:54pm
Quoting AmberLynn
Well my goal is to change my families quailty of life by earning triple my monthly salary by trading forex. Even if I do spend 6 hours a day on the computer.
You and me both!
I'll tell you a life story one day that'll break your heart.
  • #719,778
  • Nov 20, 2012 12:57pm Nov 20, 2012 12:57pm
Quoting kokopelli
stay the hell away from this thread - imo, this is the worst thread to learn how to trade, the opinions here are so diverse and there are so many trolling assclowns perusing it - come back only when you have stronger self-belief and convictions
This is the smartest thing a new trader can do. For every gold flake on here, there's an ocean of BS.

You'll learn as much about trading on this thread as you would in a bar which is exactly what this place is. A virtual version of a bar with various degrees of sobriety.
Not all sins are created equal
  • #719,779
  • Nov 20, 2012 12:59pm Nov 20, 2012 12:59pm
Quoting Jay Walker
This is the smartest thing a new trader can do. For every gold flake on here, there's an ocean of BS.

You'll learn as much about trading on this thread as you would in a bar which is exactly what this place is. A virtual version of a bar with various degrees of sobriety.
It may not be the most intelligent thng I've ever done but I'm due to go on a Learn to Trade Course at the end of this week (cue: hysterical derision - I know, I know) but if I can come out of that with one or two strategies that I can use, build upon, learn from and move forward, it'll be well worth it.
  • #719,780
  • Nov 20, 2012 1:00pm Nov 20, 2012 1:00pm
Quoting keradk
thanks and good 4 u. I was just checking, because this room has seen it before and proper signs were in place.

Isn't it true Max?
I'm in
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