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  • #874,521
  • Feb 6, 2014 3:19am Feb 6, 2014 3:19am
Quoting giveachance
{quote} 400 pips is bullshit is it???? your posts are becoming more and more shittier day by day. 401 pips on 2 lots will earn you 800 dollars
For me 400 pips on 2 lots, is 5920 euros, according to google it will be 8000 dollars... what are you talking about? You are talking about 0.2Lots. Stop spreading bullshit
  • #874,522
  • Feb 6, 2014 3:20am Feb 6, 2014 3:20am
Quoting kimisiow83
{quote} No prob bro. I don't mind someone saying my strategy was BS if I feel comfortable with the strategy. But to me, 400:401 is a good risk of ratio, because it is at least 1:1.01. Probably a DD of 400 pips and earn for 10 is a BS to me, but 400:401 to me is good reward ratio. No trader wants the trade to against us, but we need to remember no trader strategy can accurate till a DD of 50 pips and earn 400 pips. That's my view.
if your 400 pips is distance price has traveled against you, then your MA signal is BS.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #874,523
  • Feb 6, 2014 3:28am Feb 6, 2014 3:28am
Quoting kimisiow83
{quote} No prob bro. I don't mind someone saying my strategy was BS if I feel comfortable with the strategy. But to me, 400:401 is a good risk of ratio, because it is at least 1:1.01. Probably a DD of 400 pips and earn for 10 is a BS to me, but 400:401 to me is good reward ratio. No trader wants the trade to against us, but we need to remember no trader strategy can accurate till a DD of 50 pips and earn 400 pips. That's my view.
I just don't understand why you risk so much to get so little (almost nothing)

Why not making it by betting 10 pips to get 11 ?

Check EU lately, when it moves 400 pips on way, add another 500+ pips.
Worst if you look at JPY or GBP pairs.

And there are lots of opportunities to risk a bit to get double amount of what you risked.

If it works for you it's good, but to me it's bound to fail on the longer term.

GL with it though
COT: The precious data ignored
  • #874,524
  • Feb 6, 2014 3:30am Feb 6, 2014 3:30am
Quoting ffleo
{quote} if your 400 pips is distance price has traveled against you, then your MA signal is BS.
As I says, many people will think price travel against for 400pips is a BS signal. I also think the same thing previously, until someday I have realized no perfect entry in this world. I don't mind how much it travels before it reach my goals, the important is it reaches my goal. Looking for perfect entry signal is just like looking for a perfect person in the world.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,525
  • Feb 6, 2014 3:32am Feb 6, 2014 3:32am
Every system that works for someone is legit.
  • #874,526
  • Feb 6, 2014 3:35am Feb 6, 2014 3:35am
Quoting kuroro001
{quote} I just don't understand why you risk so much to get so little (almost nothing) Why not making it by betting 10 pips to get 11 ? Check EU lately, when it moves 400 pips on way, add another 500+ pips. Worst if you look at JPY or GBP pairs. And there are lots of opportunities to risk a bit to get double amount of what you risked. If it works for you it's good, but to me it's bound to fail on the longer term. GL with it though
BTW, 400:401 is just an example. Yes, I agree this 10 for 11 is just same things as 400:401. But why I want to risk 400:401 instead of 10:11? It is just 1 reason, because I want make it simple. 10:11 is easier and fastest, but to me 10:11 is much more riskier than 400:401 in Forex.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,527
  • Feb 6, 2014 3:42am Feb 6, 2014 3:42am
why 10:11 is much more riskier to 400:401 ?
  • #874,528
  • Feb 6, 2014 3:46am Feb 6, 2014 3:46am
Quoting mosh11
why 10:11 is much more riskier to 400:401 ?
Trade more and look at the market more and you will understand why 10:11 is much more riskier than 400:401. 10:11, you can't put away your PC and enjoyed your beer. But 400:401 you can put away the PC and ignore the nonsense NFP. So which is much more riskier?
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,529
  • Feb 6, 2014 4:15am Feb 6, 2014 4:15am
1 more post for educational purpose only. Everyone can ignore if they think this is BS.

Why 10:11 is much more riskier than 400:440. I change to 440 because suits to 10:11 or 1:1.1 reward ratio.

Firstly, ask yourself how great is your strategy? What accuracy ratio it makes? How many trades needed to achieves 440 pips?

You need 40 times of 100% successful rates to achieves 440 pips, but I just need 1 trade to achieves. Why make it so complicated when it can be so simple? 1 of my golden rules or maybe a reminder, the more position I open, the more risk I am taking, and the bigger chances my strategy might fail. That's why I says 10:11 is much more riskier than 400:440. Hope its help for someone who understand what I am saying.

Cheers
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,530
  • Feb 6, 2014 4:18am Feb 6, 2014 4:18am
hi is anyone gonna trade the ecb interest rate decision? I would think on announcement the EUR/USD will drop - what do you think??
  • #874,531
  • Feb 6, 2014 4:22am Feb 6, 2014 4:22am
Gentle reminder to retail traders
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  • #874,532
  • Feb 6, 2014 4:26am Feb 6, 2014 4:26am
so broken support lines can hold in the future as a legit support line ?
  • #874,533
  • Feb 6, 2014 4:35am Feb 6, 2014 4:35am
Quoting zmalick
hi is anyone gonna trade the ecb interest rate decision? I would think on announcement the EUR/USD will drop - what do you think??
Hi,
I think today we will have huge moves on E/U due to the past days "no happening" scheme. But would never ever trade these news unless I have a friend next to me who is working for BIS
  • #874,534
  • Feb 6, 2014 4:42am Feb 6, 2014 4:42am
No rate cut this time.
Pair may go up before pull back
You cannot learn better without losing
  • #874,535
  • Feb 6, 2014 4:45am Feb 6, 2014 4:45am
Quoting mosh11
so broken support lines can hold in the future as a legit support line ?
No, but it can become potential resistance.
That which does not kill us makes us stronger
  • #874,536
  • Feb 6, 2014 5:05am Feb 6, 2014 5:05am
Quoting mercy seat
{quote} Geppy : Similar situation ... even a tad better I would tend to say ... as best stories are to be written with currencies in a trending mode ... And it looks a little bit as if there is a bigger cycle in the making machine ... ;-|

EUR/USD :


Whereas the Euro is caught in a shitty small trading range sideways pattern ... a boring ping-pong mode ... waiting for a breakout story ... Attachment



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #874,537
  • Edited 6:08am Feb 6, 2014 5:16am | Edited 6:08am
Quoting gab
{quote} Hi, I think today we will have huge moves on E/U due to the past days "no happening" scheme. But would never ever trade these news unless I have a friend next to me who is working for BIS
Yes ...ofcourse we've got a nice move today.
My system tells my...probably up => to arround 1.3580 - >1.3600-25
My forecast letter I have tells me: the favorable direction could be down...but also not sure...... for a move to arround 1.3317 and besides that he also noticed my view cq. my system his view...

Well that's a pitty, I have 2 different views (I always want them talk the same language....) that's why I closed my positions this morning an stay out for today.... well......maybe at the moment I get more edge for one or the other direction.

Well we see...and wait untill the press-conference
You can manage risk, but you can't manage the return
  • #874,538
  • Feb 6, 2014 5:17am Feb 6, 2014 5:17am
Very little movement in any pairs I monitor this morning, same as yesterday. Why is it so slow this week?
  • #874,539
  • Feb 6, 2014 5:27am Feb 6, 2014 5:27am
I don't know what will the rate come out later. But technically, I believe EUR/USD will pullback from its lost ground. What makes me feel that? Just because some analysis on correlated pair. One tips that I use when the pair is consolidating. I use other correlated to compare and come out with a conclusion. So for EUR/USD, I use EUR/CHF and USD/CHF. We can see 4H that USD/CHF will collapse down but EUR/CHF is supporting. So I don't know whether I am correct or not, but pretty sure EUR/USD are supporting above 1.3460-75. No SELL on this position except it broke this nasty support.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #874,540
  • Feb 6, 2014 5:34am Feb 6, 2014 5:34am
Quoting HappyMe
{quote} Yes ...ofcourse we've got a nice move today. My system tells my...probably up => to arround 1.3580 - >1.3600-25 My forecast letter I have tells me: the favorable direction could be down...but also not sure...... for a move to arround 1.3317 and besides that he also noticed my view cq. my system his view... Well that's a pitty, I have 2 different views (I already want them talk the same language....) that's why I closed my positions this morning an stay out for today.... well......maybe at the moment I get more edge for one or the other direction....
Yeah, its better to stay away than to trade in a gamble mode. the only pair i'm sort of knowing the direction is the EURGBP, it will spike up during the BOE Rate n statement. so you can take advantage of that for now... i'm preparing the direction and the safe haven pairs during the ECB Press...
I will likely post it if i hv the chance to do so...
forexpillariscipline & patience Trader
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