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Ramblings of a Forex Junkie

  • #2,821
  • Apr 29, 2013 3:57pm Apr 29, 2013 3:57pm
Quoting jonnypants
{quote} lmfao, good luck wading through all the muppets and bullshitters in there......
That's one reason why it's a good learning experience, all of forex trading is in that thread - winners, loosers, wannabes, fantasists, scammers, noobies the lot. Like I say you will learn a lot about trading in there but not how to trade. Most of the relevant aspects of trading are mentioned daily in there so it is a great launching board for discovering new things if you are new to the scene.
  • #2,822
  • Apr 29, 2013 3:57pm Apr 29, 2013 3:57pm
Quoting Seneca pilot
{quote} I don't have a daily or weekly earnings target. I take the trades and let it all work itself out at the end of the week. When things are really cooking well why would you want to shut down at an arbitrary target? The bad weeks are not too often but they do happen. It is nice to make the best of the good ones. Goes back to poker and game theory. Never leave a good game no matter how much you are up.
Thanks.
  • #2,823
  • Apr 29, 2013 4:27pm Apr 29, 2013 4:27pm
Quoting Seneca pilot
{quote} If you use MT4 for charting you can place an EMA on top of your ATR indicator. The purpose for this is to smooth the data a little bit to average out the really big days and the really small days. If the opening range trade is not triggered within four or five hours I usually just cancel. I don't really like to take the entries after London close. Some of those will work and I occasionally will take a late one but normally I pack it in if it doesn't trigger within a few hours.
Thanks fo that Seneca,and sorry to appear a bit dense, right Ive got my 5ema over my atr5 on the same panel but still a bit unsure how to coralate the 2 for setting a stop loss
  • #2,824
  • Apr 29, 2013 4:35pm Apr 29, 2013 4:35pm
My number one issue in trading is patience. I moved over to the 4h TF's cause i go crazy on the 1h and lower. tearing my hair out and running circles around the block lol.. anyone else trade the 4h ?
  • #2,825
  • Apr 29, 2013 4:45pm Apr 29, 2013 4:45pm
Quoting allisonmagic
My number one issue in trading is patience. I moved over to the 4h TF's cause i go crazy on the 1h and lower. tearing my hair out and running circles around the block lol.. anyone else trade the 4h ?
Hey Francis...!

Elaborate much more and I will help you with your problem.
Time hides Nothing
  • #2,826
  • Apr 29, 2013 4:46pm Apr 29, 2013 4:46pm
Quoting CindyXXXX
{quote} Hey Francis...! Elaborate much more and I will help you with your problem.

my problems are over since i started on the 4h. i just was wondering if anyone was trading the 4h
  • #2,827
  • Apr 29, 2013 4:49pm Apr 29, 2013 4:49pm
Quoting allisonmagic
{quote} my problems are over since i started on the 4h. i just was wondering if anyone was trading the 4h
Oh.. Well I never
Good for you
So your number 1 problem is really writing waste of time posts then.. A good problem to have... Tosser

You fully are though... Joking

Your avatar sux too.. In a good way! ... in a way
Time hides Nothing
  • #2,828
  • Apr 29, 2013 4:51pm Apr 29, 2013 4:51pm
Quoting CindyXXXX
{quote} Oh.. Well I never Good for you So your number 1 problem is really writing waste of time posts then.. A good problem to have... Tosser You fully are though... Joking Your avatar is fking gay too..

yeah i love to see how much accurate information you post. when's the last time you posted an account report ?
  • #2,829
  • Apr 29, 2013 4:52pm Apr 29, 2013 4:52pm
Quoting buster48
{quote} Thanks fo that Seneca,and sorry to appear a bit dense, right Ive got my 5ema over my atr5 on the same panel but still a bit unsure how to coralate the 2 for setting a stop loss
Use the ema reading to get your stop. Right now the ema for EJ is 1.5251. 152.5 pips is the five day average. Twenty percent is 35 pips plus the spread, so my stop would be 35 to 38 pips. Size the position accordingly.
  • #2,830
  • Apr 29, 2013 4:52pm Apr 29, 2013 4:52pm
you still running around like a parrot preaching about the ways of trading ?
  • #2,831
  • Apr 29, 2013 4:55pm Apr 29, 2013 4:55pm
Quoting allisonmagic
{quote} yeah i love to see how much accurate information you post. when's the last time you posted an account report ?
Oh.. yea just last week I posted my account report just to make sure everyone knew I was such a great trader. I mean after all the money they pay me I figure it's only right that I give something back.

And here's me that was going to help you just a minute ago.

I can't trade.. Don't ask me

Burn slow bitch... Medium rare suits me fine
Time hides Nothing
  • #2,832
  • Apr 29, 2013 5:04pm Apr 29, 2013 5:04pm
Quoting CindyXXXX
{quote} Oh.. yea just last week I posted my account report just to make sure everyone knew I was such a great trader. I mean after all the money they pay me I figure it's only right that I give something back. And here's me that was going to help you just a minute ago. I can't trade.. Don't ask me Burn slow bitch... Medium rare suits me fine

love you sexy
  • #2,833
  • Apr 29, 2013 5:05pm Apr 29, 2013 5:05pm
Quoting allisonmagic
{quote} love you sexy
Don't lie.. breaks my heart when you do that

Use the force Jim
Time hides Nothing
  • #2,834
  • Apr 29, 2013 5:05pm Apr 29, 2013 5:05pm
Quoting CindyXXXX
{quote} Don't lie.. breaks my heart when you do that

ok i don't love you.. i only love your doggy style
  • #2,835
  • Apr 29, 2013 5:06pm Apr 29, 2013 5:06pm
Quoting allisonmagic
{quote} ok i don't love you.. i only love your doggy style
Case closed I guess.

G/L with.... It
Time hides Nothing
  • #2,836
  • Apr 29, 2013 5:08pm Apr 29, 2013 5:08pm
Quoting CindyXXXX
{quote} Case closed I guess. G/L with.... It
indeed
  • #2,837
  • Apr 29, 2013 5:19pm Apr 29, 2013 5:19pm
many thanks for the replies guys, I would PM a couple of people but i as a brand new member i don't believe i can.
seneca: everything you said makes perfect sense to me, the course i'm thinking of taking does include indicators yes, they are clearly marketing themselves to the inexperienced public who are in search of the holy grail which i accept doesn't exist, that said their is some value in what they teach and as it's not particularly long or expensive if i learn anything from it, it would arguably be worth doing, its the structured style of learning and the fact it's just another source of information to consider that appeals to me i'm not expecting to learn everything i need to know or anything like it, by the time i've studied everything i intend to before taking it i may well have decided it's not necessary. The books i've read so far are alexander elders "come into my trading room" john j murphys "technical analysis of financial markets" the annoted version of "remeniscences of a stock operator" and im actually halfway through new market wizards, these are the books that have come up most in my searches, they're all completely different and i believe i've gained very valuable information from all of them. Any other reccommendations? I will make sure i go through this thread from the beginning and study the EURUSD one stevexyg mentioned, with all the other sources i'm trying to learn from this will keep me busy for while, any other advice from anyone will be greatly welcomed otherwise i shall stop butting in on your thread and go off and do some homework for a few months
Cheers again!
  • #2,838
  • Apr 29, 2013 5:28pm Apr 29, 2013 5:28pm
Quoting allisonmagic
{quote} indeed
tshhh
Time hides Nothing
  • #2,839
  • Apr 29, 2013 5:32pm Apr 29, 2013 5:32pm
Quoting CindyXXXX
{quote} tshhh
hhhst
  • #2,840
  • Apr 29, 2013 6:27pm Apr 29, 2013 6:27pm
Quoting bevan555
many thanks for the replies guys, I would PM a couple of people but i as a brand new member i don't believe i can. seneca: everything you said makes perfect sense to me, the course i'm thinking of taking does include indicators yes, they are clearly marketing themselves to the inexperienced public who are in search of the holy grail which i accept doesn't exist, that said their is some value in what they teach and as it's not particularly long or expensive if i learn anything from it, it would arguably be worth doing, its the structured style of...
'Trading in the Zone' by Douglas is essential reading and will guide you through the psychological side of trading with discipline. it may take you 3 months to read a handful of trading books but it can take 3 years or more to come to terms with the mental challenges thrown at you in trading.
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