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  • #64,761
  • Jan 10, 2013 2:26pm Jan 10, 2013 2:26pm
Some of the 2012 RUT Awards concerning this thread and some of those who have posted here.

Best Thread Of The Year in Interactive Forums:
EurAnalysis Despite been caught in the wrong side of the directional bias this year (the perma bears in FF), this thread provides quality content and attract some low profile excellent posters in FF. PipTrapper does a fantastic job moderating the thread, keeping it most of the time on topic with a balanced open space for different views and opinions. Like most of the time, when a thread is managed by only 1 person, there are lot of useless cheerliding from newbies but it usually stays as background noise when some FA post come around and rules the thread from some pages. Without a doubt, one of the few "endangered" places that Fundamental issues and major economic reports about the Euro/USD pair can be discussed in FF.


Newcomer Of The Year:
redteamgo . A well rounded new poster in both FA and TA. A fresh American FA insight in a field almost fully control by European posters with solid TA skills. Recommend reading for this year.
A quick quote:

there are a variety of american press conferences soon. i expect more chop as a result. being on the right side is just a gamble i'm stepping aside. modest loss today thus far. the Boehner plan B vote is 7pm EST today. i'll look to that for direction into tomorrow.


Biggest prospect buff
Tom_D_Trader. Intelligent post, inquisitive mind, "stubborn" when he take his trades, self-confident with this views but humble when recognizing mistakes. One of the few newcomers around that has come with a well rounded approach FA and TA. Many key qualities of a successful trader ...Well deserved winner


For the complete list of winners, see here > http://www.forexfactory.com/showthre...90#post6341690

and here > http://www.forexfactory.com/showthre...98#post6341898
Those who say it cannot be done should not interrupt those who are doing it
  • #64,762
  • Jan 10, 2013 2:38pm Jan 10, 2013 2:38pm
Congratulations PT for the best thread in the Interactive Trading forums!

Also, congratulations to Mr. RedTeam!

DrZakir, I couldn't help but laugh when I read the part about you.
  • #64,763
  • Jan 10, 2013 2:43pm Jan 10, 2013 2:43pm
Quoting PipTrapper
Some of the 2012 RUT Awards concerning this thread and some of those who have posted here.
Congratulations
How to Win at Sports Betting: DON'T DO IT!
  • #64,764
  • Jan 10, 2013 2:55pm Jan 10, 2013 2:55pm

Congratulations PT you deserve more
for the great jobe you are doing here and for the time you are spending here
we are all lucky to be here with you

  • #64,765
  • Jan 10, 2013 3:16pm Jan 10, 2013 3:16pm
Quoting 100PipsADay
Congratulations PT for the best thread in the Interactive Trading forums!
Easy pick

Now PT, from one Bear to another, WTF...the tide turning or what?

Bears out there...thoughts? This was unexpected to say the least commentary from Drago! It seems anything can be said anymore and the markets will take a trend based on the politicians and not the realities of the situation.

So...I for one VOTE, this is BUY THE RUMOR...SELL THE FACT

Mind you, I am biased...but only due to the fact the math on the economic situation doesn't lie...math is 100% truth. Only worry is, whose control the real math we are seeing...
  • #64,766
  • Jan 10, 2013 3:39pm Jan 10, 2013 3:39pm
Quoting PipTrapper
[b][size="4"]
Newcomer Of The Year:
redteamgo . A well rounded new poster in both FA and TA. A fresh American FA insight in a field almost fully control by European posters with solid TA skills. Recommend reading for this year.
A quick quote:
[indent][indent][i][color="Blue"]there are a variety of american press conferences soon. i expect more chop as a result. being on the right side is just a gamble i'm stepping aside. modest loss today thus far. the Boehner...
i'm very flattered, i had no idea. thank you, sisse and anyone else who thought of me (PT?!) !

as far as euro bears go, its inevitable we see some pullback from this move today. having said that, right or wrong, i just covered from 3064 right now for a massive 202 ticks (sadly only 1 contract). since the scope of the pullback is probably a cent or so, i would sell that when the lower high off these session highs presents itself. obviously, one cannot predict when or where that will occur. all i can say that if the 3270ish high isnt broken in the immediately followup sessions this week with more buying pressure, pull back is almost guaranteed. for new longs, i like 3125 and 3070. just need to sit on my hands and wait for price to get there and see how it reacts.

almost all of my trading lately has been 10y/s&p minis. i dont want to clog up this thread with that but i will say that we made 5 year highs today. i was long at 1453 from yesterday after some pull back from the 1/09/13 session highs. i suspect that we are looking at a high probability of post crisis highs that will touch 1500 within 1Q13. its pretty exciting since i cannot think of one reason these highs can be sustained. once again, id rather make money than be right. it seems that its all propelled by share buybacks, cost cutting and the assumption the debt ceiling will be rosy.

g/l guys. tomorrow is a new day.
Any prices quoted are futures
  • #64,767
  • Jan 10, 2013 3:58pm Jan 10, 2013 3:58pm
Quoting redteamgo
to that i will simply requote myself:
anyone, in general, not just on here, claiming to always win is a liar.
Redteamgo I havent had a loss in almost a year due to my MM and that isnt a lie. Rather than focusing on where I can lose my money I focus on how to conserve my money. BTW I use 50:1 leverage and trade long and short in two accounts.

Quoting redteamgo
but try to justify it with some bizarre "money management" lecture to support how they stubborn hang onto losers blaa blaa blaa etc. that idiot with the usury koran signature
Every trader has their own perspective and I respect all views.

Quoting redteamgo
i'm starting a huge tangent now so ill step down from the soap box lols. (ps, when I say you, I mean the collective "you," not you specifically, lumesh)
I was beginning to think I was reading that other EUR forum where all the bashing goes on...
Trade smaller than rational because the market is irrational...
  • #64,768
  • Jan 10, 2013 4:49pm Jan 10, 2013 4:49pm
Quoting EuroTraderJD
Redteamgo I havent had a loss in almost a year due to my MM and that isnt a lie. Rather than focusing on where I can lose my money I focus on how to conserve my money. BTW I use 50:1 leverage and trade long and short in two accounts.



Every trader has their own perspective and I respect all views.



I was beginning to think I was reading that other EUR forum where all the bashing goes on...
i stand by every single one of my statements.
Any prices quoted are futures
  • #64,769
  • Jan 10, 2013 6:16pm Jan 10, 2013 6:16pm
Quoting EuroTraderJD
Redteamgo I havent had a loss in almost a year due to my MM and that isnt a lie. Rather than focusing on where I can lose my money I focus on how to conserve my money. BTW I use 50:1 leverage and trade long and short in two accounts.



Every trader has their own perspective and I respect all views.



I was beginning to think I was reading that other EUR forum where all the bashing goes on...
WOW,1:50 leverage.poor lehaman brothers and other were history for lesser sins.thats gambling mister.smell the roses please.presently i have a position,which is 50% of my equity,ie i dont even use my whole equity lol forget about leverage of 1:50.
if u have two accounts and playing both short and long on the same pair then u r simply giving money to ur brokers for being in the markets as spread.
Allah has permitted trade and has forbidden interest [koran]
  • #64,770
  • Jan 10, 2013 7:19pm Jan 10, 2013 7:19pm
Quoting redteamgo
i stand by every single one of my statements.
I am not surprised from someone who would rather make money than be right. Shows a complete lack of integrity IMO. What else is for sale that you will easily surrender for fiat???

That mindset makes me want to vomit. Thank God no one ever had my back with that kind of fickle character. I pick my associates via their works and words.

It probably never crossed your mind but I would rather be right and make money at the same time. A pretty high standard to live and trade by but then again some of us believe "High expectations are the key to everything" - Sam Walton

Then again there are those who settle for much less. By their traits you shall know them...

Without having any evidence at all you brand fellow traders as liars. That is just plain foolish, shortsighted and reeks of pride. Remember pride cometh before a fall... Maybe you will have enough money to pick up the pieces of your life after being wrong one too many times. Let us hope so - I do.

The facts are if your way was "the way" wouldn't you have more money than God Himself? Rather the record shows you are here with us slogging away in the markets sounding a little full of yourself.

You boast of your market achievements but have 0 tolerance for those of us who also excel by taking another path. A little hypocritical dont you think? Well then again you don't by your reply.

If you put your pants on everyday like everyone of us, what made you superior to me or the Muslim trader? It must be a lonely minority of one in your mind...

I would congratulate you on your recognition but I feel the award was misguided. If only the judges would read your last posts.
Trade smaller than rational because the market is irrational...
  • #64,771
  • Jan 10, 2013 7:27pm Jan 10, 2013 7:27pm
Quoting redteamgo
there have been higher lows accumulating for a day and a half on a small scale and higher lows building for 4 days on the hourly. one cannot ignore the price tell tales. i'd rather make money than be right
Hey RedTeam,

I'm just curious to know how one can be wrong and make money in the FOREX market? I'm not understanding... Everything we do in order to find a setup via technical analysis, price action, and even fundamentals creates a bias which we use to trade off of in order to make money.

How could one be profitable and be wrong at the same time? Doesn't make sense as we are trading (making money / losing money) off of our decision (wrong / right) therefore making money and being right goes hand in hand.
  • #64,772
  • Jan 10, 2013 7:58pm Jan 10, 2013 7:58pm
Quoting drzakir123
WOW,1:50 leverage.poor lehaman brothers and other were history for lesser sins.thats gambling mister.smell the roses please.presently i have a position,which is 50% of my equity,ie i dont even use my whole equity lol forget about leverage of 1:50.
if u have two accounts and playing both short and long on the same pair then u r simply giving money to ur brokers for being in the markets as spread.
My friend I would respectfully disagree as my record vindicates my methods.

Also I would like to mention I rebuked Redteamgo when he criticized you on your gold and other things. No thanks is neccessary
Trade smaller than rational because the market is irrational...
  • #64,773
  • Edited 8:56pm Jan 10, 2013 8:46pm | Edited 8:56pm
Quoting EuroTraderJD
My friend I would respectfully disagree as my record vindicates my methods.

Also I would like to mention I rebuked Redteamgo when he criticized you on your gold and other things. No thanks is neccessary
a simple example is trading against a personal bias. you are "wrong" but you are making money because of directional market moves that are out of your control
Any prices quoted are futures
  • #64,774
  • Edited 9:13pm Jan 10, 2013 8:53pm | Edited 9:13pm
Quoting EuroTraderJD
I am not surprised from someone who would rather make money than be right. Shows a complete lack of integrity IMO. What else is for sale that you will easily surrender for fiat???

That mindset makes me want to vomit. Thank God no one ever had my back with that kind of fickle character. I pick my associates via their works and words.

It probably never crossed your mind but I would rather be right and make money at the same time. A pretty high standard to live and trade by but then again some of us believe "High expectations...
nice diatribe. i am not sure exactly what you are trying to show here. you may be trading 50:1 but if you do and you face draw downs to maintain your ridiculous ratio, you are either a stubborn fool and i chuckle at you or your trade lot size is immaterial. possibly both. futures are fixed at $12.50 USD per tick/pip in FX. do you have the brass to stare down a 100+ tick move against you? doubtful. as if i have anything to justify to anyone, i, specifically, take a lot of small losses at test and failure of anticipated S/R because of the aforementioned. i admit when i am wrong because i dont hang onto losers. five or ten 10 tick losses and five or ten 50-200 tick gains. do the math.. you haven't rebuked anything, you simply don't like the contents of my post. it sounds like you fall into that hobbyist speculator category.

additionally, if you have 100% wins in a rolling year, more power to you. i don't believe you though. i have traded commodity spreads for 7 years and only recently started trading outrights a little more than a year ago now. i have family and friends who are 20+ year lifetime traders on CME and KCBT. when i say everyone takes losses or is a liar i mean it because i know first hand from real professionals who taught me grains and have been around before electronic markets even existed. without any mentoring, yes, i did come here intiially trading OTC FX until I wised up and moved back to futures when things clicked for me w the outrights. now that they have, i laugh any whatever attempt at a rebuke you think this is. as far as the nomination, it has absolutely no bearing on my post you are questioning. who are you to question integrity much less my own? while you wouldnt know this, I hold the arguably highest of all financial licenses in several US states as a CPA turned full time futures trader. that in and of itself defines integrity. you dont even know the meaning of the word in the context in which you have used it. lastly, as far as that moron, drzakir, any comment on the wild levels of hypocrisy of islam, usury, financial markets and really ANYTHING involving profit is far beyond the scope of this thread -- since i'll respect PTs thread rules.
Any prices quoted are futures
  • #64,775
  • Jan 10, 2013 9:10pm Jan 10, 2013 9:10pm
Hey guys, relax .

If PT was on I'm sure he would ask you to move the discussion to private messages. Please respect the thread and each other.
"Don't Panic..."
  • #64,776
  • Jan 10, 2013 9:18pm Jan 10, 2013 9:18pm
Quoting 100PipsADay
Hey RedTeam,

I'm just curious to know how one can be wrong and make money in the FOREX market? I'm not understanding... Everything we do in order to find a setup via technical analysis, price action, and even fundamentals creates a bias which we use to trade off of in order to make money.

How could one be profitable and be wrong at the same time? Doesn't make sense as we are trading (making money / losing money) off of our decision (wrong / right) therefore making money and being right goes hand in hand.
here is another example that i struggle with daily

i think the s&p futures (ES) are floating on air supported entirely by government intervention, share buybacks (reduced float) and overly aggressive analyst projections. does that stop me from getting long yesterday at 1453 for 15 handle move up as of right now? absolutely not. i trade price; i dont trade opinions. an opinion is what will get your derriere handed to you. its happened to me before. scroll back to the pages in this very thread into november and you can see i am trying to stubbornly sell strength with a mix of scratches, small wins and small losses. I'm sure it will happen again -- but i recognize it and do my damnedest to avoid it
Any prices quoted are futures
  • #64,777
  • Jan 10, 2013 9:49pm Jan 10, 2013 9:49pm
Quoting redteamgo
nice diatribe. i am not sure exactly what you are trying to show here. you may be trading 50:1 but if you do and you face draw downs to maintain your ridiculous ratio, you are either a stubborn fool and i chuckle at you or your trade lot size is immaterial. possibly both. futures are fixed at $12.50 USD per tick/pip in FX. do you have the brass to stare down a 100+ tick move against you? doubtful. as if i have anything to justify to anyone, i, specifically, take a lot of small losses at test and failure of anticipated S/R because of the aforementioned....
Let us just change your name to Lord and Master then.

Masterbater would be more proper because you get off stroking yourself here while degrading those who finds success where you cannot. Anyone can take a loss and get back in the market. ANYONE. A lot tougher not to take a loss and structure your positions to win every time IN TIME.

Oh BTW PT doesnt use SL's either as do many others so I guess he/us is/are a liar/s too. If one doesn't use a SL then you are around to win when the market moves your way in time.

You have no honor therefore no credibility regardless of how high you esteem your license to be. Integrity goes far beyond the work place. Life is more than trading obviously you need to get one. Money must be a substitute when you have no substance of character.

It just shows how narrow minded you are if you cant acknowledge anything outside of your shallow realm. Face it you are jealous as you lack the intelligence to perform: 1. the math to avoid a margin call managing multiple positions and 2. the programming to develop any type of automated real time system, thus you blovaite on your own success in the futures market which few care about as this is an FX forum.

You dont have to believe me I have nothing to prove to you and why would I? You however have proved yourself to be obnoxious and again full of yourself or s**t.

BTW I dont believe your success. If you were as good as you claim you wouldn't be here with us common folk but on Wall Street instead.
Trade smaller than rational because the market is irrational...
  • #64,778
  • Edited 10:15pm Jan 10, 2013 10:00pm | Edited 10:15pm
Quoting EuroTraderJD
Let us just change your name to Lord and Master then.

Masterbater would be more proper because you get off stroking yourself here while degrading those who finds success where you cannot. Anyone can take a loss and get back in the market. ANYONE. A lot tougher not to take a loss and structure your positions to win every time IN TIME.

Oh BTW PT doesnt use SL's either as do many others so I guess he/us is/are a liar/s too. If one doesn't use a SL then you are around to win when the market moves your way in time.

You have...
blaa blaa blaa youre reaching pretty hard right now trying to find weakness where there is none. i will remind you that you have already reverted to personal attacks demonstrating how little substance you have in an objective critique. i surely will never ever let something go more than 10 ticks against me because i know where support and resistance is. if that level fails, why would i hold? stubborn bias? its one thing to be early on a trade on calendar spread. on the other hand, timing is the kiss of death w options and flat pricing. i make bad trades here and there and openly admit it. you, on the other hand, have a 100% win ratio in a rolling year from "automation." clearly, i am just the servant and not the lord and master.
Any prices quoted are futures
  • #64,779
  • Jan 10, 2013 10:15pm Jan 10, 2013 10:15pm
Quoting Halifax
Hey guys, relax .

If PT was on I'm sure he would ask you to move the discussion to private messages. Please respect the thread and each other.
AMEN and I agree however I do not take lightly being called a liar.

Character assassinations without proof must be defended especially when they are unprovoked. Unfortunately he decided to make it public thus the over the top response to the forum bully.

Lest we forget....Lord and Master (Redteamgo) drew first blood with drzakir123 and me

Before tonite I didnt give a hoot in Hell about what he posted as everyone has their methods to profit.

He has lost all credibility by passing judgement without facts. Who would believe anyone who posts on conjecture? At least trading we show charts or our systems.

Lord and Master (Redteamgo) just has to speak and it is so. Maybe he can find employment as a Central Banker as he is already a market wizard. Enough of this buffoon.
Trade smaller than rational because the market is irrational...
  • #64,780
  • Jan 10, 2013 10:21pm Jan 10, 2013 10:21pm
Quoting redteamgo
blaa blaa blaa youre reaching pretty hard right now trying to find weakness where there is none. i will remind you that you have already reverted to personal attacks demonstrating how little substance you have in an objective critique. i surely will never ever let something go more than 10 ticks against me because i know where support and resistance is. if that level fails, why would i hold? stubborn bias? its one thing to be early on a trade on calendar spread. on the other hand, timing is the kiss of death w options and flat pricing....
Not EA automated MM. Again this is beyond you Lord and Master because it doesnt fit your market mold or level of intelligence. Talk about trading & thinking inside the box.

Holding positions for more than a 10 pip Lord and Master rule doesnt fit the criteria of stubborn bias. Some of us do not see the sense in endless stop losses hoping our winners out pace our losers. God forbid in time the market comes around and we score a win. That would make us a liar if we did it consistently for the long haul..

I could pull my trading records from my broker to show a 100% win rate over time but you would dispute that. That is why you are Lord and Master . Nothing is possible unless you say its so.
Trade smaller than rational because the market is irrational...
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