Ramblings of a Forex Junkie | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex Trading: Incorporating Price Behavior into a Forex Trading System 4 replies

Forex Training: What to Look for in a Forex Training Program 1 reply

The Journal Of A Macro Fundamental & Technical Analysis Junkie 26 replies

Trade Anatomy - ramblings of an old-timer 147 replies

Attachments: Ramblings of a Forex Junkie
Exit Attachments

Ramblings of a Forex Junkie

  • #661
  • Edited 9:24am Feb 13, 2013 9:12am | Edited 9:24am
Quoting Seneca pilot
It was a joke. Why so cynical? He was just playing breakout this morning. My reasons for the thread have been expressed you may not have read it all. Nothing for sale here. Advice is freely given and asked.
Inserted Video


=(
Time hides Nothing
  • #662
  • Feb 13, 2013 9:24am Feb 13, 2013 9:24am
Quoting Seneca pilot
I am not afraid to show my struggles when they happen. In trading we will have good weeks and bad, we will have great weeks and awful, and we will have average weeks in the middle. I cannot in good conscience show the great (two weeks ago) without showing the awful (last night). Nothing is one hundred percent successful we are only taking the better side of the bet. This is why damage control is so important in the form of risk management. I don't care how good the method, eventually if you risk too much you will lose it all. There is no reason...

You're the man, S.

So true. Shouldn't fear the market. Should fear myself. Should fear how ugly things will get if I lack discipline. End of story.

Stick to your rules. Don't treat the markets like a craps table. Treat it like the most serious business out there, because that's pretty much what it is.
  • #663
  • Feb 13, 2013 9:30am Feb 13, 2013 9:30am
I answered your question early in the thread. This is an extension of my trading journal, nothing more or less. Surely you have been around this forum long enough to know that the sales departments are at the interactive and systems forums. I show losses and screwups as well as the good. The rules Square 1 used for his breakout trade were in post 80 along with the stats for more than one year of live trading. It really was just a joke.
  • #664
  • Feb 13, 2013 9:54am Feb 13, 2013 9:54am
Second day trading the levels live...I am quite happy with the results. Made 2.0R account growth that equals 2.0%.
Missed the long entry on EJ off the daily open this morning - this trade alone would have made me 3.0R.
Attached Image
  • #665
  • Feb 13, 2013 10:15am Feb 13, 2013 10:15am
Quoting Olarion1975
Second day trading the levels live...I am quite happy with the results. Made 2.0R account growth that equals 2.0%.
Missed the long entry on EJ off the daily open this morning - this trade alone would have made me 3.0R.

Very nice. Wanted to trade myself today but had to sleep. Very early appointment today with HVAC contractor. Movers tomorrow may not be able to resume "super secret" trading methods until Monday. :-)
  • #666
  • Feb 13, 2013 3:05pm Feb 13, 2013 3:05pm
Unfortunately for me I couldn't trade today. Look at the two pound entries from the 05:30 news and speech. Nice.

I moved all the other lines out of the way. On GU the trade was the daily open, on GJ it was the weekly open/close.

GJ had already paid out on the daily open long also.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu entry.jpg Size: 73 KB
Click to Enlarge Name: gj entry.jpg Size: 80 KB
  • #667
  • Feb 13, 2013 3:14pm Feb 13, 2013 3:14pm
Quoting CindyXXXX
oh OK so we're switching to voodooo mode... how much $$$ you want?

Fading sentiment is so 2012

So now you;re boring me I have a question, and please answer me honestly...

Why did you make this thread? (think long and hard boat pilot)

Cindyxxxx, You apparently did not read the thread completely from start.
Seneca is the real deal. He is trading his own account and making a descent living.
He is sharing his concepts and truths he discovered in the market.
So don't just make ignorant comments.
Most traders in this thread are objective and have sincere desire to learn and succeed.
Never Trade without a defined risk, never, never, never.
  • #668
  • Feb 13, 2013 3:39pm Feb 13, 2013 3:39pm
Quoting Seneca pilot
Unfortunately for me I couldn't trade today. Look at the two pound entries from the 05:30 news and speech. Nice.

I moved all the other lines out of the way. On GU the trade was the daily open, on GJ it was the weekly open/close.

GJ had already paid out on the daily open long also.
What is the purple line on the GJ chart? My weekly open is 146.227
What is any ocean but a multitude of drops?
  • #669
  • Feb 13, 2013 3:44pm Feb 13, 2013 3:44pm
Quoting Xhale12
What is the purple line on the GJ chart? My weekly open is 146.227
Hi Xhale, purple line is previous week's close (Friday 17:00 EST). Sent you PM.
  • #670
  • Feb 13, 2013 4:52pm Feb 13, 2013 4:52pm
Quoting Olarion1975
Hi Xhale, purple line is previous week's close (Friday 17:00 EST). Sent you PM.
Correct, red is week open and purple is prior week close.
  • #671
  • Feb 13, 2013 4:53pm Feb 13, 2013 4:53pm
Quoting Seneca pilot
Correct, red is week open and purple is prior week close.
Aren't they the same thing? I'm a bit confused.....

edit- Ah I see..... Do you use the closing price of sunday night as the weekly open? I was using the opening price of Sunday....
What is any ocean but a multitude of drops?
  • #672
  • Feb 13, 2013 5:04pm Feb 13, 2013 5:04pm
Quoting Xhale12
Aren't they the same thing? I'm a bit confused.....

edit- Ah I see..... Do you use the closing price of sunday night as the weekly open? I was using the opening price of Sunday....
Yes, I use the Monday open price (midnight eastern) as my weekly open.
  • #673
  • Feb 13, 2013 5:07pm Feb 13, 2013 5:07pm
Quoting Seneca pilot
Yes, I use the Monday open price (midnight eastern) as my weekly open.
You can see from all the charts I have posted regarding weekly levels that that price is key. GJ could stay below it the rest of the week. Could be another trade of the week.
  • #674
  • Feb 13, 2013 5:11pm Feb 13, 2013 5:11pm
Quoting FxGladiator
Cindyxxxx, You apparently did not read the thread completely from start.
Seneca is the real deal. He is trading his own account and making a descent living.
He is sharing his concepts and truths he discovered in the market.
So don't just make ignorant comments.
Most traders in this thread are objective and have sincere desire to learn and succeed.
Don't worry about it, I am sure Cindy is just trying to protect the integrity of the forum. I am a little disappointed she chose to have John McEnroe call me a jerk. I haven't been rude to anyone.
  • #675
  • Feb 13, 2013 5:28pm Feb 13, 2013 5:28pm
Inserted Video
  • #676
  • Feb 13, 2013 6:03pm Feb 13, 2013 6:03pm
....
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #677
  • Feb 13, 2013 6:11pm Feb 13, 2013 6:11pm
Hey guys,
Just thought i would pass this link on that I found yesterday.. http://www.forexfactory.com/showthre...18#post4976318
After reading about it yesterday it seems like you could have got some pips on the EJ using the weekly open level and a basic understanding on supply demand teachings if you were watching the level at the time when price came up...
Just some more to think about i spose..
Josh
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 83 KB
nollej is power..
  • #678
  • Feb 13, 2013 6:54pm Feb 13, 2013 6:54pm
[quote=nollej;6444259]Hey guys,
Just thought i would pass this link on that I found yesterday..[ATTACH]
Attached Image (click to enlarge)
Click to Enlarge Name: 1302.PNG Size: 566 KB
[/ATTACH]

look at all the outside bars/inside, they tell a story
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #679
  • Feb 13, 2013 6:54pm Feb 13, 2013 6:54pm
Quoting nollej
Hey guys,
Just thought i would pass this link on that I found yesterday.. http://www.forexfactory.com/showthre...18#post4976318
After reading about it yesterday it seems like you could have got some pips on the EJ using the weekly open level and a basic understanding on supply demand teachings if you were watching the level at the time when price came up...
Just some more to think about i spose..
Josh
Weekly open is 123.779 we were well above the weekly open. That is a Sam seiden style entry though.
  • #680
  • Feb 13, 2013 6:56pm Feb 13, 2013 6:56pm
[quote=billytt;6444285]
Quoting nollej
Hey guys,
Just thought i would pass this link on that I found yesterday..[ATTACH]Attachment [/ATTACH]

look at all the outside bars/inside, they tell a story
Please start a thread on inside bars and teach away. Not what we are discussing here.
1 trader viewing now