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Ramblings of a Forex Junkie

  • #881
  • Feb 21, 2013 9:52pm Feb 21, 2013 9:52pm
Quoting Seneca pilot
Hi FX. For the future when you take your screenshots you should choose the save chart as-is option. This will only show the chart and not the rest of the trade station. your account number is listed on the top of your chart. You may want to edit the post and delete that if it is a live account.

Yes flexibility is key.
Hey Seneca,
Thanks, I did not realize that the chart was showing that. I guess staying up all night to trade everyday takes its toll.
Never Trade without a defined risk, never, never, never.
  • #882
  • Feb 22, 2013 1:44am Feb 22, 2013 1:44am
Just made 2.3R on daily open trades...done for the day, done for the WEEK!
  • #883
  • Feb 22, 2013 1:49am Feb 22, 2013 1:49am
Quoting Olarion1975
Just made 2.3R on daily open trades...done for the day, done for the WEEK!
  • #884
  • Feb 22, 2013 2:21am Feb 22, 2013 2:21am
Quoting Seneca pilot
Thanks, mate.
I think some people wouldn't believe me that I am up 20.0R (20%) for the month trading the levels only for the last 2 weeks (10 trading days)...
  • #885
  • Feb 22, 2013 3:27am Feb 22, 2013 3:27am
Mr Pilot, how do you trade when the market starts trending? and have you prepared your minions for this day...

You realize all systems are adapting to range trading over the past couple of years. The money when the time is right will be screwing these support
resistance traders.

Not trying to cause trouble simply provoking some logical thought
Time hides Nothing
  • #886
  • Feb 22, 2013 3:44am Feb 22, 2013 3:44am
Quoting CindyXXXX
Mr Pilot, how do you trade when the market starts trending? and have you prepared your minions for this day...

You realize all systems are adapting to range trading over the past couple of years. The money when the time is right will be screwing these support
resistance traders.

Not trying to cause trouble simply provoking some logical thought
Why would this be any less effective when the market is trending? The daily open, highs, and lows, will give entries regardless.

The market is constantly trending. Just need to change your timeframe.
What is any ocean but a multitude of drops?
  • #887
  • Feb 22, 2013 3:47am Feb 22, 2013 3:47am
Quoting Xhale12
Why would this be any less effective when the market is trending? The daily open, highs, and lows, will give entries regardless.

The market is constantly trending. Just need to change your timeframe.
I 2nd that!
  • #888
  • Feb 22, 2013 3:51am Feb 22, 2013 3:51am
Quoting Xhale12
Why would this be any less effective when the market is trending? The daily open, highs, and lows, will give entries regardless.

The market is constantly trending. Just need to change your timeframe.
In a perfect world
Time hides Nothing
  • #889
  • Feb 22, 2013 3:58am Feb 22, 2013 3:58am
Quoting Xhale12
Why would this be any less effective when the market is trending? The daily open, highs, and lows, will give entries regardless.

The market is constantly trending. Just need to change your timeframe.
I agree 100% Price NEVER only moves in one direction even when it is trending strongly. Now don't get me wrong here, I'm not talking about a small timeframe here. Yes price can rocket up without looking back. I'm referring to a day's movement. Price will always move or be pushed to where orders are located. Since we know orders are placed at the levels, it will work regardless of whether it's trending or ranging.

There is an affect to a degree though. Say for example price is trending up for a period, selling at the Daily highs will decrease the win rate at that level. Overall though it won't have a negative effect.

Btw, whats up with calling all the readers minions? It's not like we are enslaved to SP. I only see valuable discussions between a group of traders.
  • #890
  • Feb 22, 2013 4:04am Feb 22, 2013 4:04am
I like to hit nerves and it seems I've achieved my goal here today. I have got to say that I applaud Sineca Pilot for grounding you with some useful tools but before you start planning your retirement just remember the market works much like the frog in the boiling pot.

If you chuck him in boiling water he will just hop out. But to deceive the frog (you're da frog) you first place him in a pot of cold water and eave the pot to slowly rise to boil. MF's toast. I'm sorry but there's no other way.

This is not to say this stuff is not useful, it's more just a message of caution which one day I think you will understand, perhaps not today.

But where we fake a few months later we will double fake. Next quarter triple fake. It;s not that your levels hold any less significance, just that the volatility change (let;s call it a temperature rise). Will fk you in the end, unless you can adapt.

Hopefully this will sit with some and allow you one day to progress further. Please don't take it as a negative despite previous posts of mine in this thread.

That's all I will say and leave you guys to pips up a storm in the meantime. Sensation EUR open fade on Wednesday I saw someone report in here. I was on the other side of that fka. I got hit, by your system I don't mind admitting that.

Complacency kills, just keep learning.
Time hides Nothing
  • #891
  • Feb 22, 2013 4:13am Feb 22, 2013 4:13am
Quoting CindyXXXX
I like to hit nerves and it seems I've achieved my goal here today. I have got to say that I applaud Sineca Pilot for grounding you with some useful tools but before you start planning your retirement just remember the market works much like the frog in the boiling pot.

If you chuck him in boiling water he will just hop out. But to deceive the frog (you're da frog) you first place him in a pot of cold water and eave the pot to slowly rise to boil. MF's toast. I'm sorry but there's no other way.

This is not to say this stuff is not useful, it's...
Fair enough. You have your way of getting everyone's attention. At least you are giving some good advice, especially to the newer members, so glad to see you are at least contributing to the thread.
  • #892
  • Feb 22, 2013 4:19am Feb 22, 2013 4:19am
Quoting PiptheRipper
Fair enough. You have your way of getting everyone's attention. At least you are giving some good advice, especially to the newer members, so glad to see you are at least contributing to the thread.
Trying my best.... Anyone who understands long run supply demand theory economics in free markets will immediately understand what I'm on about.
Time hides Nothing
  • #893
  • Feb 22, 2013 4:24am Feb 22, 2013 4:24am
Quoting CindyXXXX
Trying my best.... Anyone who understands long run supply demand theory economics in free markets will immediately understand what I'm on about.
Care to elaborate a bit?
  • #894
  • Feb 22, 2013 4:26am Feb 22, 2013 4:26am
Quoting PiptheRipper
Care to elaborate a bit?
Not at all, read a book
Time hides Nothing
  • #895
  • Feb 22, 2013 4:28am Feb 22, 2013 4:28am
Quoting CindyXXXX
Not at all, read a book
Alright! I was afraid you'll say that.
  • #896
  • Feb 22, 2013 4:44am Feb 22, 2013 4:44am
Quoting PiptheRipper
Alright! I was afraid you'll say that.
Actually it might be a fun post when I have nothing better to do, will have to recall my microeconomics 101, maybe on the weekend. Good pippin
Time hides Nothing
  • #897
  • Feb 22, 2013 4:52am Feb 22, 2013 4:52am
morning from uk, First of all can some nice person direct me to which posts refer to the trading method ie breakout/levels you use. From what i see it is very similar to how i trade.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #898
  • Feb 22, 2013 4:59am Feb 22, 2013 4:59am
some interesting input today regarding Long Run Supply and Demand Theory, this is relevant but hopefully it will not happen with e/u -g/u- a/u for a long time.If it does balance we shall hunt out other pairs. regarding my last post i shall try and read up previous posts in here,if i get the time. be good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #899
  • Feb 22, 2013 5:12am Feb 22, 2013 5:12am
Quoting billytt
morning from uk, First of all can some nice person direct me to which posts refer to the trading method ie breakout/levels you use. From what i see it is very similar to how i trade.
post #80 (breakout method)
  • #900
  • Feb 22, 2013 5:16am Feb 22, 2013 5:16am
Quoting Olarion1975
Thanks, mate.
I think some people wouldn't believe me that I am up 20.0R (20%) for the month trading the levels only for the last 2 weeks (10 trading days)...
Well done! That is impressive.

Why do you think you were able to be so successful over the last 2 weeks?
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