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  • #61
  • Dec 4, 2013 2:25am Dec 4, 2013 2:25am
Quoting skyway
{quote} Hi nv_trader Love what you're doing with this thread. Can I have your permission to borrow your post #35 ? It's a real gem stating it as it is and should be. Amen!
Dear skyway,

Appreciate your kind words, great to have you on board. Thanks for asking, sure the post is all yours. Just split the royalties with me, joke

Everyone else,

I am well aware we just broke the 10% barrier, however before I get any messages reminding me of that fact let's not count our chickens. As always nothing counts until crystalised so we wait till this trade closes and see where we are at as the stop still remains negative.

Have a good day, NV
(skype: nv_trader, email: [email protected])

REAL LIVE ACCOUNT:

***http://www.myfxbook.com/members/nv_t...-trader/749457***
  • #62
  • Dec 4, 2013 7:25am Dec 4, 2013 7:25am
Hi Nv

I am not trying to be negative with this post but aren't you doing the people following the thread a bit of an injustice by posting daily directional trades? I say this because no one knows anything about how you trade, see the market and your methodology. I would hate for some newbies to come it and just think they can take a long or short trade based on your daily directional posts. I'm sure we can all learn something fro you just questioning the value of your directional post without any supporting information.

Just my 2 cents for what it is worth.
  • #63
  • Dec 4, 2013 8:15am Dec 4, 2013 8:15am
Quoting ozziedave
Hi Nv I am not trying to be negative with this post but aren't you doing the people following the thread a bit of an injustice by posting daily directional trades? I say this because no one knows anything about how you trade, see the market and your methodology. I would hate for some newbies to come it and just think they can take a long or short trade based on your daily directional posts. I'm sure we can all learn something fro you just questioning the value of your directional post without any supporting information. Just my 2 cents for what...
Just a couple comments:
1-Please read all posts again. You must have missed part of NV's comments.
2-If a newbie takes a trade without knowing why he/she took the trade or how to manage it, it'll be a good lesson if it's a loss.

Thanks NV for your comments. Continuing to follow.
  • #64
  • Dec 4, 2013 8:21am Dec 4, 2013 8:21am
Hi NV

How refreshing to hear what you say & good to have someone else from the UK on the forum. Looking forward to the thread & hearing how you apply purely Price Action without, it seems, using/relying on SR as areas of guidance.
  • #65
  • Dec 4, 2013 8:51am Dec 4, 2013 8:51am
Quoting ozziedave
Hi Nv I am not trying to be negative with this post but aren't you doing the people following the thread a bit of an injustice by posting daily directional trades? I say this because no one knows anything about how you trade, see the market and your methodology. I would hate for some newbies to come it and just think they can take a long or short trade based on your daily directional posts. I'm sure we can all learn something fro you just questioning the value of your directional post without any supporting information. Just my 2 cents for what...
Dear ozziedave,

No problem, I know you don't mean anything negative by your post but I think you have failed to see your point of view in the right context. Let me explain. I do take on board your points and thank you for your honesty but on this occasion will have to respectfully disagree for the following 3 reasons:

a) If I am doing an "injustice" then so is every trading website, news service and channel in the world. Just because Jim Rogers goes on TV and says his bias is long based on complete abstract information, no one is going to go and buy that asset without doing further analysis. If they do they need to pay a visit to their local ward for a health check.

b) Further, my exact trading levels are available for free, in advance at the time of the daily post and even throughout the day in real time, I don't see that offered by anyone else here. So if they decide to do something different well again they need to question whether everything is working between the ears.

c) It seems to me you are questioning the intelligence of people who participate in this forum. Your post suggests that they are unable to follow the clear guidance in the first post and many thereafter, my trade explorer or MyFXBook link and secondly to make their own judgments based on a simple daily post that gives my bias. It is my understanding that the people who use this website are generally intelligent adults who can read trading levels and follow instructions.

Finally you say you are "questioning the value of your directional post," I would rather leave that up to the individuals that read it to decide because there are another 47,706 threads they can read.

If you wish to discuss this further you can send me a PM or skype, happy to talk further anytime. I do not wish to alienate you from the thread and I hope you do not take this post personally as I know you meant no harm in your post and in fact I welcome the chance to clear this concern up because I am sure there may be others feeling the same. Everyone is welcome I do value your feedback, participation and being honest I just felt I had to defend myself because I have gone to great lengths to be transparent about the timeline in which things will take place, not to mention publically showing my trading in real time so they just need to be patient.

Let's just leave it there keep the vibe good in here and I will go in to more detail about my trading in good time.

Have a good day, NV
(skype: nv_trader, email: [email protected])

REAL LIVE ACCOUNT:

***http://www.myfxbook.com/members/nv_t...-trader/749457***
  • #66
  • Dec 4, 2013 9:01am Dec 4, 2013 9:01am
Quoting srt
{quote} Just a couple comments: 1-Please read all posts again. You must have missed part of NV's comments. 2-If a newbie takes a trade without knowing why he/she took the trade or how to manage it, it'll be a good lesson if it's a loss. Thanks NV for your comments. Continuing to follow.
Thanks for the comments.

Quoting MrsTeapot
Hi NV How refreshing to hear what you say & good to have someone else from the UK on the forum. Looking forward to the thread & hearing how you apply purely Price Action without, it seems, using/relying on SR as areas of guidance.
Dear Mrs Teapot,

Thank you for the support great to have you on board. Loving the name by the way wouldn't it be interesting if that was your real name, delivery for Mrs Teapot .

Everyone else,

Right I am off to the gym for a leg session back tonight for the daily update. Thanks for all the Skype messages and emails I will reply when I get some time to sit down and go through them. Any questions no matter how basic just ask if you are shy drop me an email or skype.

Have a good day, NV
(skype: nv_trader, email: [email protected])

REAL LIVE ACCOUNT:

***http://www.myfxbook.com/members/nv_t...-trader/749457***
  • #67
  • Dec 4, 2013 4:31pm Dec 4, 2013 4:31pm
Analysis for Thursday 5th December 2013 (See fun poll, can you guess how many screens I use to trade? Answer @ Friday close)

Good Evening,

Just for fun as it's been a bit quiet in the market this week I thought I would do a poll to see if people can guess how many screens I use (Hint: each screen size is 22").

Based on Daily closes, possible:

a) Long GBPUSD (active h4 order)
b) Long NZDUSD
c) Long EURAUD (active trade SL being managed)
d) Long GBPJPY
e) Long NZDJPY

The EURAUD is going OK but the SL is ever so slightly negative so still not out of the woods yet. I got a lot of PMs asking me how I knew which way the Aussie news would go. Honestly I had no idea that there was Aussie news this week because I don't follow any news apart from the sports pages, mainly Arsenal football news . I leave the fundamentals to all those people in smart clothes on the TV (CNBC etc) who don't have the balls to risk their own money. I am here to trade (take risk) not to be an economist (talk sh##).

I cannot explain to you the amount of downright abuse (literally get told to F OFF) economists and strategists on the trading floor used to get from the traders. I actually felt sorry for them. I always wondered what the point of having these people there was, then I realised it was simply to provide our big customers (hedge funds etc) free research and so we could have bragging rights if we made some good economic predictions versus another bank's economics department. I will go into more detail about trading floor setups in the future and the way the floor interacts and the role of the various areas. The other thing that always made me laugh was whenever I went to use the restroom, I would see traders leaving a copy of the Sun (google it if you live outside the UK, it's a tabloid famous for half naked women) next to the toilet bowl for the next trader to walk in and read whilst he was sitting on the toilet seat. Basically no Financial Times/Wall Street Journal anywhere to be seen. Anyway....

There is an active GU order and NZD is close to a setup so it could be a fairly active 24-48 hours.

I got a good question from someone by email which I will answer shortly here on the thread as they gave me their permission to do so. It just depends how tired I am after Match of the Day.

Finally, I've been thinking about it and ozziedave made a valid point. For the avoidance of doubt any newcomers please do not use my explorer or these daily posts as some sort of signal service it is simply there so I can be transparent and show that I am not talking out of my rear end when I claim to have taken a trade, something many thread starters here are not immune to (talking out of their rear end that is).

Regards, NV
(skype: nv_trader, email: [email protected])

REAL LIVE ACCOUNT:

***http://www.myfxbook.com/members/nv_t...-trader/749457***
  • #68
  • Dec 4, 2013 5:43pm Dec 4, 2013 5:43pm
Nice!

I'm enjoying the thread and all you've posted so far, I think I've wasted a lot of hours staring at the screen instead of back testing and refining my method, i'll be making a change to that right away, I want to have more confidence and conviction in my system as you have with yours

Very interested to read more about your experiences and method!
  • #69
  • Edited 9:29pm Dec 4, 2013 6:25pm | Edited 9:29pm
Quoting nv_trader
{quote} Dear ozziedave, No problem, I know you don't mean anything negative by your post but I think you have failed to see your point of view in the right context. Let me explain. I do take on board your points and thank you for your honesty but on this occasion will have to respectfully disagree for the following 3 reasons: a) If I am doing an "injustice" then so is every trading website, news service and channel in the world. Just because Jim Rogers goes on TV and says his bias is long based on complete abstract information, no one is going to...
No Worries NV..

I have re-read your post and now have a better understanding of what you are providing in your thread. I will keep on reading the thread and hopefully will take away some positive learning experiences that I can use in my own trading.
  • #70
  • Dec 5, 2013 5:20am Dec 5, 2013 5:20am
Mmmm, my guess is 7 monitors... 1 for each pair?
She believed she could so she did!
  • #71
  • Dec 5, 2013 7:14am Dec 5, 2013 7:14am
My guess, 1 monitor. Longer-term trader doesn't need to be watching all markets @ the same time. Just scroll through them one at a time.
  • #72
  • Dec 5, 2013 7:26am Dec 5, 2013 7:26am
Quoting IndhiMoney
Mmmm, my guess is 7 monitors... 1 for each pair?
As 7 is not an option on the poll, I'm going to guess that's incorrect

Quote
=srt;My guess, 1 monitor. Longer-term trader doesn't need to be watching all markets @ the same time. Just scroll through them one at a time.

NV mentions "hint, 'each' screen is..."

So 'each' to me would imply more than one...

But i'd agree and say no more than 1 would be needed
  • #73
  • Dec 5, 2013 7:46am Dec 5, 2013 7:46am
Quoting Tom_d
Nice! I'm enjoying the thread and all you've posted so far, I think I've wasted a lot of hours staring at the screen instead of back testing and refining my method, i'll be making a change to that right away, I want to have more confidence and conviction in my system as you have with yours Very interested to read more about your experiences and method!
Thanks for the comments glad it's helping.

Quoting ozziedave
{quote} No Worries NV.. I have re-read your post and now have a better understanding of what you are providing in your thread. I will keep on reading the thread and hopefully will take away some positive learning experiences that I can use in my own trading.
Thanks for your support ozziedave.

Quoting IndhiMoney
Mmmm, my guess is 7 monitors... 1 for each pair?
There is a poll on the front page, 7 is not an option.

Quoting srt
My guess, 1 monitor. Longer-term trader doesn't need to be watching all markets @ the same time. Just scroll through them one at a time.
Thanks for the answer.

Quoting Tom_d
{quote} As 7 is not an option on the poll, I'm going to guess that's incorrect {quote} NV mentions "hint, 'each' screen is..." So 'each' to me would imply more than one... But i'd agree and say no more than 1 would be needed
Thanks for your comment. To repeat it could be any of 1, 2, 3, 4, 6 or 8.


Another hint, in 2009 when I left the trading floor I had a setup of 10 x 22" monitors. I will upload a picture of my old setup along with my current setup at the close on Friday.



Just a reminder the poll is at the front above the first post.

Off to the gym back at the close tonight.

Regards, NV
(skype: nv_trader, email: [email protected])

REAL LIVE ACCOUNT:

***http://www.myfxbook.com/members/nv_t...-trader/749457***
  • #74
  • Dec 5, 2013 9:11am Dec 5, 2013 9:11am
Hi

I reckon 4 screens; 2 pairs per screen + 1 pair and the trading platform,

I have tried to vote on the poll, but although logged in, I can't seem to vote!
  • #75
  • Dec 5, 2013 4:15pm Dec 5, 2013 4:15pm
Quoting MrsTeapot
Hi I reckon 4 screens; 2 pairs per screen + 1 pair and the trading platform, I have tried to vote on the poll, but although logged in, I can't seem to vote!
Good guess, noted. We shall see at the close tomorrow. Still loving the name Mrs Teapot!!

Back in 10 minutes with the daily post.

Regards, NV
(skype: nv_trader, email: [email protected])

REAL LIVE ACCOUNT:

***http://www.myfxbook.com/members/nv_t...-trader/749457***
  • #76
  • Dec 5, 2013 4:39pm Dec 5, 2013 4:39pm
Analysis for Friday 6th December 2013 (See fun poll on front page, can you guess how many screens I use to trade? Answer @ Friday close)

Good Evening,

Thanks for voting, surprised so many chose 1 screen, let's see at tomorrow's close. On to more pressing matters:

Based on Daily closes, possible:

a) Long GBPUSD
b) Long NZDUSD
c) Long EURAUD (active trade SL being managed)
d) SHORT AUDJPY
e) Long NZDJPY

The EURAUD is toying with us I think we were up 12% at one stage but it has not closed yet so the criteria of closing above 10% has not been met yet. I had a few stop orders that were cancelled as the market decided to continue correcting, got nipped in to one long NZDUSD for a few pips hit as per trade explorer, no big deal. Highly unlikely to see any trades setup on the yens I don't think as they are still in the early stages but NZD and GBP against the dollar look close to setups we shall just see how things pan out.

I know it's US jobs day tomorrow but I honestly pay no attention to NFP, I am only aware of it because when I was a junior on the trading desk it was my job to collect £20 from every trader and put it in a hat and then take their guess for the payrolls number. About 10 traders were in our group so the winner took home £200 which usually covered drinks on a Friday night. However I was hopeless at it I never won once. On top of that they would always use it as an excuse to make me go and get them a banana and blueberry muffin and a coffee, 2 sugars semi skimmed milk or some ridiculously specific order I'd have to carry 20 coffees and extras and once I'll never forget I dropped the entire lot on my shirt so for that reason I always remembered the first Friday of every month as "bloody payroll Friday"!

The point is if setups occur I will take them regardless to me it's just another trading day. The EURAUD may survive until the number it may not let's see what tomorrow brings.

Good luck everyone, NV
(skype: nv_trader, email: [email protected])

REAL LIVE ACCOUNT:

***http://www.myfxbook.com/members/nv_t...-trader/749457***
  • #77
  • Dec 5, 2013 5:06pm Dec 5, 2013 5:06pm
My guess is 3 monitors for no other reason than thats how many i have
  • #78
  • Dec 5, 2013 5:21pm Dec 5, 2013 5:21pm
Hi NV

On the NZDUSD long trade it looks like your entry of 0.8221 was right into the resistance level on the 1hr chart. When you place trades do you take into consideration support and resistance levels or do you not worry about them especially on a lower time frame chart?
  • #79
  • Dec 5, 2013 6:29pm Dec 5, 2013 6:29pm
Actually not able to vote in the poll. Maybe because I have just joined the forum? But 8 is my second and final answer!
She believed she could so she did!
  • #80
  • Dec 6, 2013 3:04am Dec 6, 2013 3:04am
Quoting nv_trader
{quote} Dear skyway, Appreciate your kind words, great to have you on board. Thanks for asking, sure the post is all yours. Just split the royalties with me, joke
Many thanks NV.

Quoting srt
My guess, 1 monitor. Longer-term trader doesn't need to be watching all markets @ the same time. Just scroll through them one at a time.
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