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  • #5,141
  • May 17, 2014 1:46pm May 17, 2014 1:46pm
Quoting Schickeria
{quote} i posted this on Friday morning and one day later+8,27 of my account i can only laugh if i read this statement, i think 95% of professional trader use fibonacci. http://www.forexfactory.com/showthre...01#post7474101 {image}
hmmm, when I would do 5% a day, my account would show nearly 4 billion after 200 trading days.

Shall I try this?
  • #5,142
  • May 17, 2014 1:52pm May 17, 2014 1:52pm
Quoting Davit
{quote} Hi Infinitus Often people get defensive when asked a question but my inquire was and is always coming from perspective that I could learn,understand something even if I disagree with it. That's the beauty of true discussion.Not ego tripping but honest discussion to stimulate understanding. Regards
Hi Davit,

same here. Many people here in FF are unable to reflect or take a view above their horizont. What a pity, isn't it?

in the past such locations like FF were called discussion boards. Lately one should call them "pissing contest arena"


  • #5,143
  • May 17, 2014 2:09pm May 17, 2014 2:09pm
Quoting infinitus
{quote} I think, that biggest chance is, that EU has completed years long lasting triangle, and now we are in an impulsive wave down, ideally towards 1.14 roughly. Extended move can bring us towards parity or even deeper over the next months. In this scenario we have just finished a 5 wave down. Call it wave 1. the recent. move up then is wave 2, which then might evolve as simple zigzag, or maybe complexer wxy-flat. First target to the upper side might be the broken lower trendline of the triangle, running at around 3825 on monday. I do hold a core...
see the following post too

http://www.forexfactory.com/showthre...31#post7466431

maybe first a test into the 3750

then down again for volume fill the area, before another final attempt higher towards 3850 or somewhat higher


sorry, away from my trading computers with the actual volume distributions
  • #5,144
  • May 18, 2014 5:07am May 18, 2014 5:07am
Quoting theXfiles
{quote} Mr. Hadox, a great trade of Dax, yesterday I took a few scalp, 9819 today was a surprise for me. However, I took the short R1 9770 with TP 9638th What happened to Schickeria? This thread moderating only you :-) Cable - are you looking to TP 1.666?
sorry for the late reply..

regarding cable, 1.666x is just an area where I would like to scale out.. atm I split my position in 6 targets, and my targets are just S/R areas.. just a method to get as much profit if the entry is caught at the right area..
Patience is a virtue...
  • #5,145
  • Edited 12:48am May 19, 2014 12:17am | Edited 12:48am
Good morning.

Asia decided to take it slow, except in AU no real gaps. One of my EA longs almost stopped, but now alright...
Idea today: try to long EU around 3670, maybe ECad as well.

Edit: just found this, maybe interesting for the crude traders here (they know it already, I guess...): http://www.telegraph.co.uk/finance/n...t-in-Asia.html
Fail better.
  • #5,146
  • May 19, 2014 12:27am May 19, 2014 12:27am
Quoting infinitus
{quote} hmmm, when I would do 5% a day, my account would show nearly 4 billion after 200 trading days. Shall I try this?
Well, not everybody starts with 1/4 mln. Just make 32 mln with 2,000 you laid to the side for bad days.
Fail better.
  • #5,147
  • May 19, 2014 2:16am May 19, 2014 2:16am
Quoting LarryDarrell
Good morning. Asia decided to take it slow, except in AU no real gaps. One of my EA longs almost stopped, but now alright... Idea today: try to long EU around 3670, maybe ECad as well. Edit: just found this, maybe interesting for the crude traders here (they know it already, I guess...): http://www.telegraph.co.uk/finance/n...t-in-Asia.html
morning, nice read Larry, thanks!
Don't be a hero. Don't have an ego. Always question yourself
  • #5,148
  • May 19, 2014 2:31am May 19, 2014 2:31am
Good morning, getting some hours at the platform today ...

Just a question: Do we not have the possibility for a test of 1.4455 in EA first?
Fix up, trade sharp ...
  • #5,149
  • May 19, 2014 3:09am May 19, 2014 3:09am
Quoting infinitus
{quote} hmmm, when I would do 5% a day, my account would show nearly 4 billion after 200 trading days. Shall I try this?
lets do it.....
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  • #5,150
  • May 19, 2014 3:15am May 19, 2014 3:15am
Quoting LarryDarrell
{quote} Well, not everybody starts with 1/4 mln. Just make 32 mln with 2,000 you laid to the side for bad days.
That's the german dream, Larry.
Fix up, trade sharp ...
  • #5,151
  • May 19, 2014 3:37am May 19, 2014 3:37am
I actually believe that Schick is doing this. I couldn't do it, but I believe 5% a day, consistently, is possible. The thing about Infinitus post is: you don't go for the same risk, and actually you will have big problems getting your orders filled, once you trade an account with the big figures. But with 100% a month you can live carefree and risk only an account of 10,000 or so.
Fail better.
  • #5,152
  • May 19, 2014 4:12am May 19, 2014 4:12am
Quoting Schickeria
{quote} oh see now 0.93729 as a valid target
calling on the PIP

0.93729

and a perfect entry where you can load bigger parts and close after some pips.

you can easy earn 5% per day.
  • #5,153
  • May 19, 2014 4:13am May 19, 2014 4:13am
Quoting Schickeria
{quote} calling on the PIP 0.93729 and a perfect entry where you can load bigger parts and close after some pips. you can easy earn 5% per day.
Highest high was 0.93730
  • #5,154
  • May 19, 2014 4:55am May 19, 2014 4:55am
Quoting Schickeria
i want to add longs on USDJPY 101.00-101.30 area with targets 101.9xxx
is coming time to add long on UsdJpy? 101.05
  • #5,155
  • May 19, 2014 4:58am May 19, 2014 4:58am
Quoting LarryDarrell
I actually believe that Schick is doing this. I couldn't do it, but I believe 5% a day, consistently, is possible. The thing about Infinitus post is: you don't go for the same risk, and actually you will have big problems getting your orders filled, once you trade an account with the big figures. But with 100% a month you can live carefree and risk only an account of 10,000 or so.
There are several problems:

a) shooting for 5% a day is risky as hell

b) trading bigger accounts is just another story, because of psyche

c) dreaming of 100% a month is, well, how shall I say, a pipedream........

d) even the proverbial 1% a day (keeps the doctors away) is for most not achievable


The point is simply (JMHO):

Advocating and advertising trades for 5% or even more per day, saying, that it is easy on top of that, is simply not the best thing one can do for own credibility.

Everyone can do the math, calculate the risk etc.

When Schick is able to do so: "Congratulations", and see you in a few dominating the world.

When you can do it with small account, you can do it with huge account.

When you get liquidity problems by trading a huge account, you simply open a few more accounts with other liquidity providers. When that is not enough, you can trade beside of Currencies the stock indices, commodities etc.

Because it is all so easy and risk free.


Thought that there were a few threads left without pissing contest, especially this one. Say that I am wrong......
  • #5,156
  • May 19, 2014 5:19am May 19, 2014 5:19am
I do not disagree in principle with your post. I say it's possible, not that I am able to do it. Far from it.
There is this guy who flies with a wingsuit through some rock formation. Possible, I couldn't do it. And yes: risky.
Let's not turn this into the n-th academical discussion about moneymanagement, etc.
Personally my aim is 100% p.a.. In times when you can make about 4-5% (- inflation) a year without very active management, I think trading should yield this.
Fail better.
  • #5,157
  • May 19, 2014 5:24am May 19, 2014 5:24am
Quoting LarryDarrell
I do not disagree in principle with your post. I say it's possible, not that I am able to do it. Far from it. There is this guy who flies with a wingsuit through some rock formation. Possible, I couldn't do it. And yes: risky. Let's not turn this into the n-th academical discussion about moneymanagement, etc. Personally my aim is 100% p.a.. In times when you can make about 4-5% (- inflation) a year without very active management, I think trading should yield this.
GBPJPY @ BE now
  • #5,158
  • May 19, 2014 5:42am May 19, 2014 5:42am
Quoting Schickeria
{quote} GBPJPY @ BE now
Top 10 AstraZeneca investor says rejecting Pfizer "is the single biggest case of value destruction on behalf of shareholders of all time".
  • #5,159
  • May 19, 2014 5:48am May 19, 2014 5:48am
Quoting Schickeria
{quote} lets do it..... {image} {image}
closed some long scalps @ GBPJPY
Attached Image (click to enlarge)
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  • #5,160
  • May 19, 2014 6:05am May 19, 2014 6:05am
Quoting infinitus
{quote} There are several problems: a) shooting for 5% a day is risky as hell b) trading bigger accounts is just another story, because of psyche c) dreaming of 100% a month is, well, how shall I say, a pipedream........ d) even the proverbial 1% a day (keeps the doctors away) is for most not achievable The point is simply (JMHO): Advocating and advertising trades for 5% or even more per day, saying, that it is easy on top of that, is simply not the best thing one can do for own credibility. Everyone can do the math, calculate the risk etc. When...
in the end percentages means jacks shit.. we all know that big returns doesn't come from a big account, period.. no need to keep bragging and the endless bullshit about performance and bla bla bla.. I mean, whats the idea about that, serious? .. I might offend someone, but the biggest no go for me is when someone starts posting performance, account growth etc.. just endless ego crap..

I thought this was a serious place to discuss trading, but I was apparently wrong.. what a shame..

laters..
Patience is a virtue...
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