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  • #896,981
  • May 12, 2014 1:01pm May 12, 2014 1:01pm
Quoting Davit
{quote} Hi Not trying to disrespect you but clearly you should not advise about trading to anyone. You have been holding on to losing trades since selling EU 1.27+?? Thousands of pips in red.Clearly you have trading issues perhaps biggest unable to close a losing trade.I suggest you work on them. {image}
With that said the account is in green how much hundreds of % ? With my initial deposit already withdrawn. Please be sure to highlight that in your next post.
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #896,982
  • May 12, 2014 1:01pm May 12, 2014 1:01pm
Quoting AllyB
{quote} I didn't trade them and with a daily range of only 25 it would have been hard to miss where the levels should be
I'm told this is the problem

Approaching multi-year volatility lows...

VIX (May) Future
Attached Image (click to enlarge)
Click to Enlarge Name: Volatility Index (200 mini Cont (MAY-14).png Size: 25 KB
  • #896,983
  • May 12, 2014 1:04pm May 12, 2014 1:04pm
EU Daily ATR
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily ATR.png Size: 35 KB
  • #896,984
  • May 12, 2014 1:08pm May 12, 2014 1:08pm
Quoting ScalpLikeMe
{quote} With that said the account is in green how much hundreds of % ? With my initial deposit already withdrawn. Please be sure to highlight that in your next post.
Does not matter to be honest.
In Trading certain things are never done.One does not run 1000pip DD on multiple orders then justify it.
If that inherent flaw is not addressed you could blow your account.
Trading is skill and taking a loss when clearly wrong is one of them.That says ton about you then anything else.You could be 500% in profit still not matter because behavior is most important.I have seen 1000% accounts go to smokes in short time.
About your comment S/R being subjective.Subjective to novices and amateurs and very clear to experienced and professional traders.
In trading, you have to be defensive and aggressive at the same time
  • #896,985
  • May 12, 2014 1:09pm May 12, 2014 1:09pm
Why this "Dummel Kugel schiest ein Pudel" cannot get up? :/
  • #896,986
  • May 12, 2014 1:11pm May 12, 2014 1:11pm
Quoting Davit
{quote} Does not matter to be honest. In Trading certain things are never done.One does not run 1000pip DD on multiple orders then justify it. If that inherent flaw is not addressed you could blow your account. Trading is skill and taking a loss when clearly wrong is one of them.That says ton about you then anything else.You could be 500% in profit still not matter because behavior is most important.I have seen 1000% accounts go to smokes in short time.
those who can, do. those who cant, talk about those who can
  • #896,987
  • May 12, 2014 1:16pm May 12, 2014 1:16pm
EU Daily,

Still ranging sideways up, question is will it break South - 200sma test is due...
And if Mario really does begin easing then perhaps this will change

Otherwise October when the Fed turns the tap off

Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 32 KB
  • #896,988
  • May 12, 2014 1:21pm May 12, 2014 1:21pm
Quoting gatorinla
{quote}
Hi Gator
Its interesting he is arguing others about S/R etc and yet has clearly trading issues.Just baffles me why people have a need to lecture others without looking at the mirror 1st.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #896,989
  • May 12, 2014 1:21pm May 12, 2014 1:21pm
Quoting infinitus
{quote} The Queen is back
and if it isn't my dear friend Marcus!!
  • #896,990
  • May 12, 2014 1:23pm May 12, 2014 1:23pm
Quoting Davit
{quote} Does not matter to be honest. In Trading certain things are never done.One does not run 1000pip DD on multiple orders then justify it. If that inherent flaw is not addressed you could blow your account. Trading is skill and taking a loss when clearly wrong is one of them.That says ton about you then anything else.You could be 500% in profit still not matter because behavior is most important.I have seen 1000% accounts go to smokes in short time. About your comment S/R being subjective.Subjective to novices and amateurs and very clear...
so true. up 200% to 300% with effort of several months, but wiped out in a few days. If the same thing happens again and again, it means it does not work. Change methodology and habit please. I said it many times, but my advice was just ignored. If it does not work on demo, it wont work on real account. 3 times should be enough lesson to learn.

It happened to me once in real account, but I wont let it happen again.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,991
  • May 12, 2014 1:32pm May 12, 2014 1:32pm
Quoting JimmyC
{quote} I'm told this is the problem Approaching multi-year volatility lows... VIX (May) Future {image}
did Mario tell you that???

Cheers
  • #896,992
  • May 12, 2014 1:32pm May 12, 2014 1:32pm
Quoting ffleo
{quote} so true. up 200% to 300% with effort of several months, but wiped out in a few days. If the same thing happens again and again, it means it does not work. Change methodology and habit please. I said it many times, but my advice was just ignored. If it does not work on demo, it wont work on real account. 3 times should be enough lesson to learn. It happened to me once in real account, but I wont let it happen again.
This is about someone not trading in the America. Just to make it clear.

My words may be harsh. But they are good advice to anyone. If the same disaster happen again and again, change methodology and habit.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,993
  • May 12, 2014 1:34pm May 12, 2014 1:34pm
Quoting Davit
{quote} Does not matter to be honest. In Trading certain things are never done.One does not run 1000pip DD on multiple orders then justify it. If that inherent flaw is not addressed you could blow your account. Trading is skill and taking a loss when clearly wrong is one of them.That says ton about you then anything else.You could be 500% in profit still not matter because behavior is most important.I have seen 1000% accounts go to smokes in short time. About your comment S/R being subjective.Subjective to novices and amateurs and very clear to...
Of course it doesn't matter to you because you don't have an account posted. That account trades with 0 leverage. So clearly my approach is much different then those who preach preach preach, but can't turn profit. The name of this game is to turn profit. Something which not only has that account done, but in a worse case scenario will never experience a net loss, as my initial deposit has been covered. My opinion on support and resistance, is being expressed based on my personal experience, (the same orders which you have taken the time to highlight).

I'm not here to tout my own horn, but I am speaking once again from personal experience. My trades prove that, and my overall profit has been done so by scalping EUR/USD and GOLD. Not by playing imaginary support and resistance lines which you guys deem to be the holy grail of trading. So to sum it up, one is more likely to pay attention to someone who actually has a trading account (like myself) instead of someone who posts everyday, and holds his opinions to be fact, but doesn't have an account to support his theory or claim. Then again you bloggers take more pride in the things you say, then the things you actually do. Thus the lack of accounts linked to trade explorer.

****Now here comes the reason as to why they won't ever post their accounts to trade explorer***
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #896,994
  • May 12, 2014 1:35pm May 12, 2014 1:35pm
Quoting ffleo
{quote} This is about someone not trading in the America. Just to make it clear. My words may be harsh. But they are good advice to anyone. If the same disaster happen again and again, change methodology and habit.
Your correct. I'm not trading in America, but I am using 0 leverage on those positions. So what was the sense in bringing that up?
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #896,995
  • May 12, 2014 1:37pm May 12, 2014 1:37pm
Quoting ScalpLikeMe
{quote} Your correct. I'm not trading in America, but I am using 0 leverage on those positions. So what was the sense in bringing that up?
it is not good to find the labeled seat and sit there. I did not label the seat for you yet.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,996
  • May 12, 2014 1:37pm May 12, 2014 1:37pm
going long at 1.3756
ps: 1.3779
ls: 1.3751
RR 1:4
(It's not an advise, use your own head..)
  • #896,997
  • May 12, 2014 1:39pm May 12, 2014 1:39pm
Quoting ScalpLikeMe
{quote} Your correct. I'm not trading in America, but I am using 0 leverage on those positions. So what was the sense in bringing that up?
at least you use low leverage. That is not too bad
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,998
  • May 12, 2014 1:45pm May 12, 2014 1:45pm
Quoting ScalpLikeMe
{quote} Your correct. I'm not trading in America, but I am using 0 leverage on those positions. So what was the sense in bringing that up?
just did a little exercise and found head and shoulders pattern in your equity curve. So I believe everything has a pattern, has a tendency. Your trading behavior has a pattern and tendency as reflected in your equity curve.

Attached Image (click to enlarge)
Click to Enlarge Name: slm_215.png Size: 124 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #896,999
  • May 12, 2014 1:49pm May 12, 2014 1:49pm
For those of you who lack the ability of reasoning. My discontent about using "support" and "resistance" as entry is as follows. What is considered "support" and "resistance" on any tf, all comes back to DAILY pivot levels within THE specific trading day. Many people don't use or even know the basics behind pivots, yet, by simply back testing your favorite pair you will notice that your wicks, and your accumulations ALWAYS OCCUR right on a pivot.

After 24 hours has passed the pivots are recalculated, and price action will lead you to a pivot level from that current day in which you are trading.... Not from the previous date.

I have uploaded the daily pivot levels of EU from the second of may.

Have a look at where the price spent most of its time.
Look at where EU bounce off of leaving wicks at.

I will also enclose a script you can use to back test the pivots yourself. You can go back as far as 25 trading days. I would recommend setting your start date based on when the AUD market opens.

Now if past support and resistance levels are actually considered by those who move the market then why is it that the accumulation price of EU on MAY 2nd was not the accumulation price of any given time prior to it. Or how about the bounce price or accumulation price of any price after it?
Attached Image (click to enlarge)
Click to Enlarge Name: eupivot.PNG Size: 29 KB
Attached File(s)
File Type: ex4 #Daily_Pivot.ex4   8 KB | 174 downloads
File Type: ex4 #Pivots_Daily_Medians.ex4   8 KB | 173 downloads
Keep your Pip-drawdown low. That is the key to using high equity + high lev
  • #897,000
  • May 12, 2014 1:50pm May 12, 2014 1:50pm
Quoting ScalpLikeMe
{quote} Of course it doesn't matter to you because you don't have an account posted. That account trades with 0 leverage. So clearly my approach is much different then those who preach preach preach, but can't turn profit. The name of this game is to turn profit. Something which not only has that account done, but in a worse case scenario will never experience a net loss, as my initial deposit has been covered. My opinion on support and resistance, is being expressed based on my personal experience, (the same orders which you have taken the time...
I have posted my equity charts often here.Search my posts you'll find it.
In trading, you have to be defensive and aggressive at the same time
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