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  • #814,001
  • Jul 10, 2013 2:06pm Jul 10, 2013 2:06pm
dont know abt u ppl ,,,, m confused ,,, i will wait ,,,
its a game ,,, time your move ,,, and go a sixer ,,,
  • #814,002
  • Jul 10, 2013 2:06pm Jul 10, 2013 2:06pm
Quoting Venice
{quote} As long as he follows the IF-ELSE-THEN logic... and keeps it on lock down... I really don't see how it's any different than any other trading methodology. But of course... big IF.
It was a bit harsh. Here's my perspective on this though - every trade should have some reason for it to work. Order flow, masses seeing something, psychological numbers...magic lines on a chart that provide nothing else but a possible entry point just don't fly with me. And pointing at them telling me absolutely nothing about them is pretty useless.
  • #814,003
  • Jul 10, 2013 2:07pm Jul 10, 2013 2:07pm
Quoting gatorinla
{quote} was 2712... i f/u and didn't b.e. i went down to get a sandwich and missed it.
Sometime don't b.e. works

My 1st TP is 2860.
  • #814,004
  • Jul 10, 2013 2:07pm Jul 10, 2013 2:07pm
Quoting gatorinla
{quote} at 1.43xx he may not have a choice.
1.33xx?
  • #814,005
  • Jul 10, 2013 2:09pm Jul 10, 2013 2:09pm
Quoting Likerty
{quote} Three consecutive HH's at the top of a breakout range (H4/D1) a traditional recipe for correction. Also, judging by todays NY PA, its targeting a LL below 0472, after which it will "officially" enter in to correction. Fridays low will act as a trigger to test 0470's, and current consolidation at the level suggests continuation.. Dount you have 1.0270's as a norm..?
current intraday UCAD low is exactly the midpoint..
69
  • #814,006
  • Jul 10, 2013 2:11pm Jul 10, 2013 2:11pm
Quoting Kanzler
{quote} It was a bit harsh. Here's my perspective on this though - every trade should have some reason for it to work. Order flow, masses seeing something, psychological numbers...magic lines on a chart that provide nothing else but a possible entry point just don't fly with me.
I could see that... but I also enjoy coming up with really obscure trading styles as well. Even the folks who trade dustbins... They put lines on the charts every 20 pips and as soon as a cross happens, they go for 12 pips targets.

I guess what I am trying to say is that, it really doesn't matter. You can use whatever form of magic you want. As long as you have the right combination of r/r and w/l ratios you'll come out on top.

One of my strategies I put together had a 10% winning percentage... lol. But the reward was always high enough to compensate and the losses were next to nothing.

Granted, winning more then not feels better, so I stick with those on the live accounts.
  • #814,007
  • Jul 10, 2013 2:12pm Jul 10, 2013 2:12pm
Quoting tomspin
{quote} You cut the bleeding one fast if its not with trend direction, this is what I do, but I rarely trade against trend. Aussie is doing great, right when everybody think this is a bottom, bastards will come and trash those stops. They almost trashed my stops tonight... {image}

you went long with aussie?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #814,008
  • Jul 10, 2013 2:14pm Jul 10, 2013 2:14pm
Quoting tomspin
{quote} You cut the bleeding one fast if its not with trend direction, this is what I do, but I rarely trade against trend. Aussie is doing great, right when everybody think this is a bottom, bastards will come and trash those stops. They almost trashed my stops tonight... {image}
Plenty of money to be made both ways IMO. I'm still waiting for the bottom to be retested before I get longs going yet... but I don't mind being stopped out. Sometimes I am... other times it's glorious.
  • #814,009
  • Jul 10, 2013 2:16pm Jul 10, 2013 2:16pm
Quoting ffleo
{quote} you went long with aussie?

No, you only short aussie at current market conditions. And I would never let myself in such a drawdown.
swing it!
  • #814,010
  • Jul 10, 2013 2:17pm Jul 10, 2013 2:17pm
Quoting Kanzler
{quote} EURUSD thread cancer. No reason for the trade to work, just if it crosses this line it must do something else.

you do not know there are important trend lines?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #814,011
  • Jul 10, 2013 2:20pm Jul 10, 2013 2:20pm
Quoting tomspin
{quote} No, you only short aussie at current market conditions. And I would never let myself in such a drawdown.

That spike up did give a nice clean entry on the 1h. To bad I wasn't paying attention. I was zoomed in too far on the m15
Attached Image (click to enlarge)
Click to Enlarge Name: aussie.png Size: 60 KB
  • #814,012
  • Jul 10, 2013 2:23pm Jul 10, 2013 2:23pm
Quoting Venice
{quote} I could see that... but I also enjoy coming up with really obscure trading styles as well. Even the folks who trade dustbins... They put lines on the charts every 20 pips and as soon as a cross happens, they go for 12 pips targets. I guess what I am trying to say is that, it really doesn't matter. You can use whatever form of magic you want. As long as you have the right combination of r/r and w/l ratios you'll come out on top. One of my strategies I put together had a 10% winning percentage... lol. But the reward...
what is dustbin method?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #814,013
  • Jul 10, 2013 2:23pm Jul 10, 2013 2:23pm
Quoting Kanzler
{quote} EURUSD thread cancer. No reason for the trade to work, just if it crosses this line it must do something else.
The conversation evolved too fast for me. I just read with the translating what you have written. I understand that you're a little nervous about the market. Furthermore, I understand that you are not satisfied with my graphics. I will be happy to see more of your charts.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #814,014
  • Jul 10, 2013 2:26pm Jul 10, 2013 2:26pm
I really enjoy the discussions here, when the market is on eggshells. Long or short? Short or long?

Only uncle Ben knows the answer
  • #814,015
  • Jul 10, 2013 2:26pm Jul 10, 2013 2:26pm
Take your bets!!
IS BEN-BEN going to drive a spike through this dollar - OR is he going to Kick its A$$ into stronger ranges ?
The roulette well is spinning........... the ball is bouncing.... and the answer is.............................
  • #814,016
  • Jul 10, 2013 2:27pm Jul 10, 2013 2:27pm
Quoting ffleo
{quote} what is dustbin method?
Search this forum, there are a few detailed posts (and a word document I believe floating around) on how to do it.

You basically take advantage of the fact that the euro likes to move in 20 pip increments at a time. So you take advantage of the middle of the waves.

Generally risk:reward is 1:1... that is 12 pip risk for 12 pips reward. The edge comes from a highly accurate and high win rate.
  • #814,017
  • Jul 10, 2013 2:28pm Jul 10, 2013 2:28pm
Quoting ffleo
{quote} you do not know there are important trend lines?
Yes the banks love watching "important trend lines" to help know where your stops are at lol.

Quoting godim
{quote} The conversation evolved too fast for me. I just read with the translating what you have written. I understand that you're a little nervous about the market. Furthermore, I understand that you are not satisfied with my graphics. I will be happy to see more of your charts.
This is all you get. The power of order flow dictating the position of a couple horizontal lines lol.
Attached Image
  • #814,018
  • Jul 10, 2013 2:29pm Jul 10, 2013 2:29pm
Quoting ffleo
{quote} what is dustbin method?
Grid-trading for 12 pips, in and out. Better than aiming for 3 pips, but more of a "keep-you-busy"-therapy tbh. Compounding involved, reserves needed.
  • #814,019
  • Jul 10, 2013 2:29pm Jul 10, 2013 2:29pm
where is killerwhale? hope he did not forget to take some profit out of his USDCAD shorts.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #814,020
  • Jul 10, 2013 2:31pm Jul 10, 2013 2:31pm
Quoting ffleo
{quote} what is dustbin method?
Try here. http://www.forexfactory.com/showthre...246111&page=32
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