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  • #805,721
  • Jun 6, 2013 2:41pm Jun 6, 2013 2:41pm
Quoting ffleo
{quote} They are bouncing now. I am gradually re-loading my shorts now. Closed all old shorts when SP500 reached 1600.

i also try a short @3242 but it's locked at 3245, lol...
20 pips down d be great
I'll shop after the drop
  • #805,722
  • Jun 6, 2013 2:42pm Jun 6, 2013 2:42pm
Quoting Mr Hatch
{quote} That's why I always demanded a different way of conversation. There is exactly one single person I'm following, if one could call it 'following' at all. You and your awesome outlooks are way out of my scope, I simply don't understand them. That simple. A couple of weeks ago, you told me "3180" is the only level to watch... WHAT THE FUCKING HELL DOES THAT IMPLY??? And now, {quote} Again? What do you mean by that? Do you expect it to drop like a hot potato tomorrow and close the week below? That doesn't fit (for me and my narrow...
but when you do, the complex talking becomes very clear, and when you're thinking the same way as sisse, you know you're doing something right.. no disrespect, but his knowledge is superb, and he is one of the best traders in here.. i know you don't trade the same style, and perhaps thats why you don't understand the outlooks..
Patience is a virtue...
  • #805,723
  • Jun 6, 2013 2:43pm Jun 6, 2013 2:43pm
Quoting Willow
{quote} i also try a short @3242 but it's locked at 3245, lol... 20 pips down d be great

I meant to short the u.s equities in my post.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #805,724
  • Jun 6, 2013 2:49pm Jun 6, 2013 2:49pm
Quoting ffleo
{quote} I meant to short the u.s equities in my post.

do you short stocks/shares ?
I'll shop after the drop
  • #805,725
  • Jun 6, 2013 3:03pm Jun 6, 2013 3:03pm
Quoting Pair-me-up
{quote} He was an abrasive stubborn old bastard.. I would just read the post of him and other traders getting into it. And I would just laugh.. It was like Jerry Springer on forex factory.. lol Anyways.... you seem more approachable.... So, are you a trader that likes to teach? After all this is forex FACTORY. We are all here to learn. Am I wrong? Cheers... p.s. I do follow your posts along with some others too.
Ok, I'm in my 4th year now trading, and it will take me 5 minutes to make you beat the markets hands down. You'll need to tweak a bit, but that's your homework for tomorrow.

Lesson one: Money Management
- read up a bit on mm and risk-reward, take a piece of paper and write down, "I will only take a trade with a risk-reward-ratio of 1:4"
- forget about the "never risk more than x% on any trade"-rule... that one is complete bullshit.
--> here you need to find out, why that is the case, yourself. be on low end when risking money.

Lesson two: Trade setups
- grab a chart, but nothing below H4
- mark every hammer and pinbar you find
- from the rrr-perspective, if you traded these bars and set your sl below/above the wick with a set goal of 1:4 (minimum expectancy), how many trades would have reached your goal, how many trades would have run into losses.

Lesson three: Never diverge from your plan.

The End.

Took me 5 mins. to write down, a whole lot more to understand the importance of lesson one. Will make a fortune.

That one's for free. The fine-tuned things I and many others do don't belong here.
  • #805,726
  • Jun 6, 2013 3:03pm Jun 6, 2013 3:03pm
Quoting ffleo
{quote} They are bouncing now. I am gradually re-loading my shorts now. Closed all old shorts when SP500 reached 1600.

yes, i see thy are.
those who can, do. those who cant, talk about those who can
  • #805,727
  • Jun 6, 2013 3:06pm Jun 6, 2013 3:06pm
Quoting Willow
{quote} do you short stocks/shares ?
I cannot short in my IRA accounts. I buy SH (ETF) shares. It is equivalent to shorting sp500. SH has no leverage so you will not over-short. It is pretty low risk.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #805,728
  • Jun 6, 2013 3:07pm Jun 6, 2013 3:07pm
Quoting ffleo
{quote} They are bouncing now. I am gradually re-loading my shorts now. Closed all old shorts when SP500 reached 1600.
If you are a bear looking to re-short the ES futures, then 1656 looks to be a better area...-- just my observation...
  • #805,729
  • Jun 6, 2013 3:09pm Jun 6, 2013 3:09pm
Quoting BlueCirrus
{quote} If you are a bear looking to re-short the ES futures, then 1656 looks to be a better area...-- just my observation...

yen pairs
those who can, do. those who cant, talk about those who can
  • #805,730
  • Jun 6, 2013 3:11pm Jun 6, 2013 3:11pm
Quoting sisse
{quote} Equities just completed (S&P 159x for reference) a natural very control move while currencies went out of range. Basically is now, after the fact, confirmed was a big unwinding of yen positions from the big riders...in simple words a quick clean sweep of key stops across all currencies. A seismic shake of key S/R areas in currencies it is officially opening the new map for the summer... We still have NFP but the big unwinding already took place ... sisse
It's very easy to analize after the fact.
żDo you keep your words this is still a cheap ticket to get the train downside? I understand that a sweep of stops is in order to go in the opposite direction. Right?
  • #805,731
  • Jun 6, 2013 3:13pm Jun 6, 2013 3:13pm
Quoting gatorinla
{quote} yen pairs
You referring to re-shorting them after a significant bounce..(400 or so on $/Yen)?
  • #805,732
  • Jun 6, 2013 3:17pm Jun 6, 2013 3:17pm
Quoting BlueCirrus
{quote} Hi Gator, Mr Hatch, Attila..... You're saying that he candle must close above or below the mofu in order to be a valid cross - right? That's the way interpret it anyway. Quick question...Do you (or Attila or Mr Hatch) have any longer term scenario (several weeks) that might include a run to 1.3526 before your 1.2663 target?
BTW Gator, this scenario seems to have a bit more chance of panning out now...
  • #805,733
  • Jun 6, 2013 3:19pm Jun 6, 2013 3:19pm
Quoting Ambar
{quote} It's very easy to analize after the fact. żDo you keep your words this is still a cheap ticket to get the train downside? I understand that a sweep of stops is in order to go in the opposite direction. Right?
Yes, it's certainly easier than stepping into the arena in real time...lol,,,,,And, it's easier to sound like a sage that way.
  • #805,734
  • Jun 6, 2013 3:22pm Jun 6, 2013 3:22pm
Quoting Mr Hatch
{quote} Ok, I'm in my 4th year now trading, and it will take me 5 minutes to make you beat the markets hands down. You'll need to tweak a bit, but that's your homework for tomorrow. Lesson one: Money Management - read up a bit on mm and risk-reward, take a piece of paper and write down, "I will only take a trade with a risk-reward-ratio of 1:4" - forget about the "never risk more than x% on any trade"-rule... that one is complete bullshit. --> here you need to find out, why that is the case, yourself. be on low end when risking money. Lesson...

Thanks.. What does RRR mean?
Luck has no place in trading. Leave that for the poker table.
  • #805,735
  • Jun 6, 2013 3:25pm Jun 6, 2013 3:25pm
Quoting Mr Hatch
{quote} ...
You just destroyed whole "systems" thread here in FF, I wonder what people think when they look at the charts...
swing it!
  • #805,736
  • Jun 6, 2013 3:26pm Jun 6, 2013 3:26pm
Gator, what do you do to recharge the batteries?
  • #805,737
  • Jun 6, 2013 3:26pm Jun 6, 2013 3:26pm
I am now a EURO bear. Starting today.
So I know you will miss my bullish sayings but its okay becase I will start the bear sayings and do those memes and such things.
now im writing email to that hedge fund guy. doing my victory dance to him
"You're solid gold, see you in hell"
  • #805,738
  • Jun 6, 2013 3:32pm Jun 6, 2013 3:32pm
on these of i wanted to s. i try to do it from the highest point possible... this is kinda what hatch described. risk 1 for 4... that's about a 40 pip stop at the lower blue box to the high.... in the middle at 20 pip stop, is 1 risk, for 8... at 10 pips its, 1 to 16...... and at 5 its, 1 to 32... if you wait and just cherry pick, you trade less, and lose less. u trade less, and make more.. its just simple math.
Attached Image
those who can, do. those who cant, talk about those who can
  • #805,739
  • Jun 6, 2013 3:35pm Jun 6, 2013 3:35pm
Quoting gatorinla
on these of i wanted to s. i try to do it from the highest point possible... this is kinda what hatch described. risk 1 for 4... that's about a 40 pip stop at the lower blue box to the high.... in the middle at 20 pip stop, is 1 risk, for 8... at 10 pips its, 1 to 16...... and at 5 its, 1 to 32... if you wait and just cherry pick, you trade less, and lose less. u trade less, and make more.. its just simple math. {image}

Luck has no place in trading. Leave that for the poker table.
  • #805,740
  • Jun 6, 2013 3:37pm Jun 6, 2013 3:37pm
Quoting Avir
{quote} First why?? and very long time! Edit : some ppl say if you don't have that, it means trading with your eyes closed, unless you are cloggie
JUST asking... well, I guess I now know why I keep hitting things while trading....loool.. there were stop loss !!!
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