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  • #850,541
  • Nov 5, 2013 12:21pm Nov 5, 2013 12:21pm
Quoting DasPips
{quote} I can't see anything higher than 1.363/64 could you provide some insights for why you see 1.37?

cant post a chart sorry abt that but from daily to weekly chart ...we need a rebound of last week free fall.....
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MY OPINION NOT FINANCIAL ADVISE
  • #850,542
  • Nov 5, 2013 12:24pm Nov 5, 2013 12:24pm
Quoting TauTrader
{quote} Sir, 100% correct. Only demo on the forum. I have stated many, many times that I do not play for the pavilion. This Demo account is a vehicle for me to get used to larger lots. This is - in my opinion - the only way for me to get used to amounts traded and amounts in draw down. For me to be free one day, I need a substantial investment into forex. Not the holiday money of the past. The demo to last 365 days ( one year) with reasonable return. Since this is not a scalping account (Demo) - I fail to see the difference. But I really cannot...
Thanks for the answer TT, I admire your honesty..

It makes a bit more sense to me now..

But to be honest, I don't think you'll get prepared trading higher lots just because you're doing it on a demo account, just the opposite in fact, nothing beats the real emotions when one's hard earned money is on the line...

IMO its about confidence, the more confidence you'll get in your trading methodology when trading on a live account, the more likelihood there is for your lot size to increase when seeing your edge plays out over and over again..

I can only speak for myself though, we're all different people, and if it works for you, there's no reason to change what you're doing..
Patience is a virtue...
  • #850,543
  • Nov 5, 2013 12:25pm Nov 5, 2013 12:25pm
Quoting donfriday
{quote} cant post a chart sorry abt that but from daily to weekly chart ...we need a rebound of last week free fall..... {image}

i see your into metals. whats your take on copper?
those who can, do. those who cant, talk about those who can
  • #850,544
  • Nov 5, 2013 12:26pm Nov 5, 2013 12:26pm
Quoting gatorinla
{quote} i find it easier to ask if one is long or short. I am still short hard s/l 3655 and target atm 3110... Will move both lower as goes my way or close earlier if i think we will go above s/l. So where will u long/ s-l on the way to 3700?

1.34 is a strong support i am looking to short from 1.37 zone...the hammer on 1hr, 4hrs and daily is a good sign for rebound.....
MY OPINION NOT FINANCIAL ADVISE
  • #850,545
  • Nov 5, 2013 12:27pm Nov 5, 2013 12:27pm
Quoting BeginnerJoe
{quote} Ok fine. I am now going long. Although I will go short at the drop of a hat. I have just created a most cunning strat this minute that will make me money whatever happens.
Look what comes up when you search for 'cunning plan' @ youtube:

Inserted Video
Fail better.
  • #850,546
  • Nov 5, 2013 12:40pm Nov 5, 2013 12:40pm
Gold about to move up?
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Trade with what you see, not what you feel.
  • #850,547
  • Nov 5, 2013 12:43pm Nov 5, 2013 12:43pm
Quoting donfriday
{quote} 1.34 is a strong support i am looking to short from 1.37 zone...the hammer on 1hr, 4hrs and daily is a good sign for rebound.....

i can agree on the 1h... on the others i dont have hammers on them. 3451 is/was one of the better places for a bounce. anything on a day here is inside to me. the usdx has a less then perfect hammer on the month, at past support. the first one at support that i can see since 1991.. its not perfect. the upper wick is 15%.. instead of 10%.
those who can, do. those who cant, talk about those who can
  • #850,548
  • Nov 5, 2013 12:53pm Nov 5, 2013 12:53pm
Quoting TauTrader
{quote} Sir, 100% correct. Only demo on the forum. I have stated many, many times that I do not play for the pavilion. This Demo account is a vehicle for me to get used to larger lots. This is - in my opinion - the only way for me to get used to amounts traded and amounts in draw down. For me to be free one day, I need a substantial investment into forex. Not the holiday money of the past. The demo to last 365 days ( one year) with reasonable return. Since this is not a scalping account (Demo) - I fail to see the difference. But I really cannot...

I don't think you owe anybody an explanation as to how or what you trade.

Even if you don't have any skin in the game by way of a real account, is of no consequence.

What I think is important, is that you continue to post in the same manner as always and offer an idea of your interpretation of the market by way of your charts.

I would be willing to be that a grand lot of Economic Analysts couldn't trade profit on demo. This isn't an easy game. It is a skill set that you do acquire. And if using demo accounts along with your real funds is your vehicle to success in the market, all the better to ya, TT.

Along with this, I hope it encourages others new to market to follow these steps. It'd probably save them from a world of hurt they need not experience.

Keep on, Keepin on!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #850,549
  • Nov 5, 2013 1:03pm Nov 5, 2013 1:03pm
Quoting Basement
Gold about to move up? {image}
No. Given so many lines in the chart, why should gold respect that particular one ?
  • #850,550
  • Nov 5, 2013 1:05pm Nov 5, 2013 1:05pm
Quoting Basement
Gold about to move up? {image}

Nice breakout of downtrend resistance, and backtest before moving higher.
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Trade with what you see, not what you feel.
  • #850,551
  • Nov 5, 2013 1:06pm Nov 5, 2013 1:06pm
Quoting hadox
{quote} Thanks for the answer TT, I admire your honesty.. It makes a bit more sense to me now.. But to be honest, I don't think you'll get prepared trading higher lots just because you're doing it on a demo account, just the opposite in fact, nothing beats the real emotions when one's hard earned money is on the line... IMO its about confidence, the more confidence you'll get in your trading methodology when trading on a live account, the more likelihood there is for your lot size to increase when seeing your edge plays out over and over again.....

Throughout our lives we prepare for things we may encounter by way of an education provided by others and practiced by ourselves.

From the simplicity of first steps, through operating a motor vehicle and every aspect of education we obtain through both public government sponsored education through the college and university levels.

Work a job for a while and you are assessed by way of completing the same job over and over until you can advance.

Repetition is the mother of knowledge.

We are all different in our methodology and thinking. What is good for the goose, may not be the same for the gander.

Though I am sure some will agree with you, others may not.

But you do offer valid points.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #850,552
  • Nov 5, 2013 1:07pm Nov 5, 2013 1:07pm
Quoting BIGmonies
{quote} Trade 1 - eur.usd (Monday) November 4th, 2013 eur.usd - stop loss @ 1.3493 = - 12 pips
What happen to BIGmonies, Is he coming back as NOmonies
A good trader follows his rules, but great trader knows when to break them
  • #850,553
  • Nov 5, 2013 1:08pm Nov 5, 2013 1:08pm
If she drops under the blu TL way to south is wide open. Wait for the asian session x a new LL.
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Per aspera ad astra
  • #850,554
  • Nov 5, 2013 1:13pm Nov 5, 2013 1:13pm
Quoting Magix
{quote} I don't think you owe anybody an explanation as to how or what you trade. Even if you don't have any skin in the game by way of a real account, is of no consequence. What I think is important, is that you continue to post in the same manner as always and offer an idea of your interpretation of the market by way of your charts. I would be willing to be that a grand lot of Economic Analysts couldn't trade profit on demo. This isn't an easy game. It is a skill set that you do acquire. And if using demo accounts along with your real funds is...
good day to you, Mr.M

English is not my first language - and even in my mother tongue, I often struggle to get across what I meant to say. A true introvert.

I do have a live account that I trade every year - the purpose of earning a free holiday in December. But I look around me and I think about the sh*t I am dealing with in my personal business - every day of my life - and I think I may want to up the ante on the forex front. I'm not getting any younger. For this, I need to invest more. Larger lots. Magnify what I was doing.

How do I make the transition? In my mind - running a demo with a larger pool. Larger lots. Witnessing the digits. I treat this demo as a real account. Small risk. I have a 10.6% draw down over the past 97 days. It does bother me - but I believe this to be within the scope.

I am of the opinion that this will make me a little more comfortable going forward. I do understand that the mental game will be massive. But I know me. This is helping.

I truly enjoy trading. It's awesome.

I also like fishing.

I want to do both one day.

People can flame all they want. I have a goal.

All success to you

TT
  • #850,555
  • Nov 5, 2013 1:13pm Nov 5, 2013 1:13pm
Quoting jpadvisor
If she drops under the blu TL way to south is wide open. Wait for the asian session x a new LL. {image}

Sorry, it was h4. Tl is clearer on daily.
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Per aspera ad astra
  • #850,556
  • Nov 5, 2013 1:17pm Nov 5, 2013 1:17pm
later
those who can, do. those who cant, talk about those who can
  • #850,557
  • Nov 5, 2013 1:17pm Nov 5, 2013 1:17pm
Quoting ill_be_back
{quote} What happen to BIGmonies, Is he coming back as NOmonies

I talked to him today. He got banned for no real reason. He may be back as another name, but will stay in his own thread and not help anyone with his trades anymore. He may not, as of right now he has no interest. Too bad, he was willing to show eveyone how he made a lot of money before. Anyways good luck!
Faith ends where worry begins, and worry ends where faith begins.
  • #850,558
  • Nov 5, 2013 1:18pm Nov 5, 2013 1:18pm
Quoting Basement
{quote} Nice breakout of downtrend resistance, and backtest before moving higher. {image}
Depends on the TF you are looking at. On the Daily is getting into smaller range.

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  • #850,559
  • Edited 1:35pm Nov 5, 2013 1:19pm | Edited 1:35pm
Quoting jpadvisor
{quote} Sorry, it was h4. Tl is clearer on daily. {image}
100% agree with this analysis. Although to be realistic it probably won't break until the ECB on Thursday. Best reward/risk is just to stop in on a break but it's also OK to maybe go short 1/4th of your max position here (very low leverage), and short the other 3/4th on the break. I would stop out on a move back through 1.3575 but it doesn't seem too likely in front of the ECB.
  • #850,560
  • Nov 5, 2013 1:42pm Nov 5, 2013 1:42pm
Quoting TauTrader
{quote} good day to you, Mr.M English is not my first language - and even in my mother tongue, I often struggle to get across what I meant to say. A true introvert. I do have a live account that I trade every year - the purpose of earning a free holiday in December. But I look around me and I think about the sh*t I am dealing with in my personal business - every day of my life - and I think I may want to up the ante on the forex front. I'm not getting any younger. For this, I need to invest more. Larger lots. Magnify what I was doing. How do I make...

I was quite happy in trading my own funds from smaller lots, down to micros and up to the larger into standard sized lots. Thought I had complete control of my emotions because it does come to the point where pushing a button becomes mechanical.

Until...

I started trading for others.

My game went to shit. I would look back on my trades, exiting for small losses instead of waiting for gains.

It is a personal level of comfort that needs to be acquired. This can only come one way. Ya have to do what you have to do, if you want to do what you would like to do.

Working with a demo account, much the same as you, helped me get back my game. Helped me successfully gain back control of my emotions and helped me in the field when it came to working for others.

Don't throw your money into market because you think this is what needs to be done. Gain your skillset, practice with the levels you can afford to risk and demo the rest. When you are ready to take those first steps with larger trades, they are still going to be tough. But if you have taken the steps that need be taken to get you to that level, there will be a certain confidence that will help carry you.

Scared money doesn't trade. And traders with no confidence cannot succeed. I've seen it. I've lived it. It isn't pretty.

When you are ready, brother.

Not a moment before!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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