Trade smaller than rational because the market is irrational...
- #67,082
- Apr 10, 2013 3:06pm Apr 10, 2013 3:06pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Cheers mate, i'll grab someLooks like it's heading for the 1,3067-69.
Those who say it cannot be done should not interrupt those who are doing it
- #67,083
- Apr 10, 2013 3:07pm Apr 10, 2013 3:07pm
Looks like we may not see those lower levels just yet...
DIXI..moving back into demand level..I was hoping for some HH...before the inevitable...
DIXI..moving back into demand level..I was hoping for some HH...before the inevitable...
Those that say do not know. Those that know do not say.
- #67,084
- Apr 10, 2013 3:10pm Apr 10, 2013 3:10pm
Next stop is 3150/70 area. All the little pauses between here and there are good for picking up a few crumbs, but never at this time of day for me. I'd rather watch my dog have fun with the neighbor's goose
..not sure I could eat my popcorn & watch that show...
Those that say do not know. Those that know do not say.
- #67,085
- Apr 10, 2013 3:11pm Apr 10, 2013 3:11pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I was years ago hehe..
Good one. Yes it's very important to use stops, but I stay away from hard stops because I have the discipline to cut a loser without breaking a sweat. As I said previously, my stops are based on daily closes below/above the key pivots I watch.Of course if one is trading smaller time frames (such as H1 and below), hard stops are a much better idea.
Those who say it cannot be done should not interrupt those who are doing it
- #67,086
- Apr 10, 2013 3:12pm Apr 10, 2013 3:12pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Next stop is 3150/70 area. All the little pauses between here and there are good for picking up a few crumbs, but never at this time of day for me. I'd rather watch my dog have fun with the neighbor's goose
Same for me, never at this time, especially when it's almost time to sleep, no need to stress for nothing!
And lol for your dog...poor goose
COT: The precious data ignored
- #67,087
- Apr 10, 2013 3:14pm Apr 10, 2013 3:14pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Next stop is 3150/70 area. All the little pauses between here and there are good for picking up a few crumbs, but never at this time of day for me. I'd rather watch my dog have fun with the neighbor's goose
You do have a good point PT about trading after 12 NY time.
I am just wanting to pick up some crumbs at this hour. Enough of them makes a loaf.
Another reason why I will put a trade on is because when London comes online I am asleep. If I get up at 3AM and trade its tough to go back to bed. This leads to a longgggg day. Usually the trades end up at a profit and always do at some point.
About sleeping.....
Trade smaller than rational because the market is irrational...
- #67,088
- Apr 10, 2013 3:16pm Apr 10, 2013 3:16pm
Those that say do not know. Those that know do not say.
- #67,089
- Apr 10, 2013 3:24pm Apr 10, 2013 3:24pm
- | Joined Oct 2011 | Status: Fake signal is a real good one too | 159 Posts
- #67,090
- Apr 10, 2013 3:28pm Apr 10, 2013 3:28pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
They will have beautiful children You do have a good point PT about trading after 12 NY time. I am just wanting to pick up some crumbs at this hour. Enough of them makes a loaf.
Average person (not including the leeches of society) works for 45 years in a lifetime
That's 16,436 days (including the 11 extra days due to leap years)
If you sleep 8 hours per day, that's a total of 131,488 hours of sleep during your working years
At $50 per hour, I could earn an extra 6.5 Million Dollars ($6,574,400.00 to be exact)
Imagine the lifestyle that would allow you to enjoy. Sleep is overrated
Those who say it cannot be done should not interrupt those who are doing it
- #67,091
- Apr 10, 2013 3:30pm Apr 10, 2013 3:30pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Agreed...but I'm off to bed so don't feel like babysitting the ol' girl...
Those who say it cannot be done should not interrupt those who are doing it
- #67,092
- Apr 10, 2013 3:31pm Apr 10, 2013 3:31pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Yep I agree about the sleep thing. Average person (not including the leeches of society) works for 45 years in a lifetime That's 16,436 days (including the 11 extra days due to leap years) If you sleep 8 hours per day, that's a total of 131,488 hours of sleep during your working years At $50 per hour, I could earn an extra 6.5 Million Dollars ($6,574,400.00 to be exact) Imagine the lifestyle that would allow you to enjoy. Sleep is overrated
Where i live, it's between 8 and 25-30 euros/hour (and pretty rare)
COT: The precious data ignored
- #67,094
- Apr 10, 2013 3:41pm Apr 10, 2013 3:41pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Trade smaller than rational because the market is irrational...
- #67,095
- Apr 10, 2013 3:41pm Apr 10, 2013 3:41pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
50$/hour ? I'd like to know where you work
Also, in France the wages are much lower than those of North America (Canada and USA).
For example, a semi skilled car factory worker can earn as much as $65 per hour... sometimes more if they work over 50 hours in a week.
Also remember that self employed people earn far more than $50 per hour. Actually most earn over $100 per hour. How do you think people afford mansions, yachts, and expensive holidays while raising 2.5 kids, putting them through university and helping them with down payments on their first car, house, etc?
Of course then there is forex, where 5% make a very decent living from all the losses that the other 95% suffer
Those who say it cannot be done should not interrupt those who are doing it
- #67,096
- Apr 10, 2013 3:42pm Apr 10, 2013 3:42pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
Yep I agree about the sleep thing. Average person (not including the leeches of society) works for 45 years in a lifetime That's 16,436 days (including the 11 extra days due to leap years) If you sleep 8 hours per day, that's a total of 131,488 hours of sleep during your working years At $50 per hour, I could earn an extra 6.5 Million Dollars ($6,574,400.00 to be exact) Imagine the lifestyle that would allow you to enjoy. Sleep is overrated
1. Your math skills.
2. Your boat
Trade smaller than rational because the market is irrational...
- #67,098
- Apr 10, 2013 3:45pm Apr 10, 2013 3:45pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
50$/hour ? I'd like to know where you work
I didnt start at this wage. It took years of experience.
Its all relative. Things cost more here in America and Uncle Ben doesnt help.
Trade smaller than rational because the market is irrational...
- #67,099
- Apr 10, 2013 3:46pm Apr 10, 2013 3:46pm
- | Commercial User | Joined Nov 2012 | 3,178 Posts
2.5 kids
Trade smaller than rational because the market is irrational...
- #67,100
- Apr 10, 2013 3:47pm Apr 10, 2013 3:47pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
€30 = $39 Also, in France the wages are much lower than those of North America (Canada and USA). For example, a semi skilled car factory worker can earn as much as $65 per hour... sometimes more if they work over 50 hours in a week. Also remember that self employed people earn far more than $50 per hour. Actually most earn over $100 per hour. How do you think people afford mansions, yachts, and expensive holidays while raising 2.5 kids, putting them through university and helping them with down payments on their first car, house, etc? Of course...
Definitely not the case in France...100$/hour ? no way!
Most of the people living in Paris struggle to pay the rent. Average is near 12€/hour.
Hence i trade forex
Anyway it's time for me to sleep, see you tomorrow for another fun day!
COT: The precious data ignored