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  • #901,581
  • May 29, 2014 10:29pm May 29, 2014 10:29pm
Quoting Edude
Trading the eur/usd ...everything really...i've found is much more difficult now than it was a few years ago. It seems the market as has slowed to a crawl. I remember that there was good ranging all day/night usually...peak periods for sure, but in general there was always good movement. Now I find that it's a case of absolutely nothing happening for hours on end, sometimes days of nothing but sideways...then BAM a huge move. Rather frustrating.
Don't, don't and don't even think that this market can remain idle for long. It never remains idle except in Holidays Season in December, that too, not always. It can and it will move any time. Times of low volatility are gone forever. There are so many manipulators in this market now that if it does not move, it is sign of a conspiracy.
The Thief of Wall Street
  • #901,582
  • May 29, 2014 10:31pm May 29, 2014 10:31pm
Quoting Chicky
{quote} Thanks for the feedback. What about consistent small losses but an infrequent major win?, or consistent small gains and an infrequent major loss?
Of course the first one. That is what we should aim for. Better still no losses and only frequent big win. The latter seems like a high accuracy EA for me. Which bound to fail one day.

Math won't lie.
Read the entire market, money is made on the main trend not the fluctuation
  • #901,583
  • Edited 10:48pm May 29, 2014 10:36pm | Edited 10:48pm
Quoting Kofmaster
{quote} Of course the first one. That is what we should aim for. Better still no losses and only frequent big win. The latter seems like a high accuracy EA for me. Which bound to fail one day. Math can't lie.
r
50:50 is much safer and logical. TP and SL equal distance apart saves you a lot of trouble. The probability is the same for any of these combinations, but a tight sl has several disadvantages:

1. Small sl big tp
2. Big sl small tp
3. tp and sl for same number of pips


4. tp and sl based on support / resistance and not based solely on number of pips. In this case sometimes sl is either smaller, bigger or equal to tp.
The Thief of Wall Street
  • #901,584
  • May 29, 2014 10:56pm May 29, 2014 10:56pm
This may range between 1.3100 to 1.4300 for some time. Keep on guessing where will be next 40 to 100 pips.
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The Thief of Wall Street
  • #901,585
  • May 29, 2014 11:04pm May 29, 2014 11:04pm
Quoting Chicky
{quote} Sure. However, with little less assurance, I can say that in the next couple of hours: 1. EURUSD will stay near 1.3600 2. Gold will remain around 1,250 3. Kiwi will be near 0.8500
My two hours are over now. It is tomorrow here.
The Thief of Wall Street
  • #901,586
  • May 29, 2014 11:06pm May 29, 2014 11:06pm
Quoting Chicky
{quote} r 50:50 is much safer and logical. TP and SL equal distance apart saves you a lot of trouble. The probability is the same for any of these combinations, but a tight sl has several disadvantages: 1. Small sl big tp 2. Big sl small tp 3. tp and sl for same number of pips 4. tp and sl based on support / resistance and not based solely on number of pips. In this case sometimes sl is either smaller, bigger or equal to tp.
what if i dont use sl. Only in profit. Next ,if i have no time tracking my trades yes, ill use st. If im always with my trade and something go opposite way of my thought , ill close it manually(in worse case) but if it not too bad ill look for great bounce level to entry with ×2 ×3 lot and close it on middle.... i just personally hate sl.
  • #901,587
  • May 29, 2014 11:08pm May 29, 2014 11:08pm
Quoting Chicky
{quote} My two hours are over now. It is tomorrow here.
tomorrowland its most people favorite place
  • #901,588
  • May 29, 2014 11:22pm May 29, 2014 11:22pm
Quoting Lamira
{quote} what if i dont use st. Only in profit. Next ,if i have no time tracking my trades yes, ill use st. If im always with my trade and something go opposite way of my thought , ill close it manually(in worse case) but if it not too bad ill look for great bounce level to entry with ×2 ×3 lot and close it on middle.... i just personally hate sl.
I hate sls more than than anything else. But it is a necessary evil unless you have found a way. At times this market moves more than 300 or 400 pips in a matter of minutes, with no sl, one is doomed if these moves are against the position. However, I personally know a couple of professional traders who trade with TP but no SL. They are willing to pay the cost and sometimes they do pay the cost.

I have tailored my trading method according to the local regulations in the US. I trade with (very) low leverage, do not hedge or enter counter trades, have no SL or TP, trade several pairs at a time, do not use EAs or leave a clue for brokers what I am trying to do, my net risk combined on all the positions is never more than 10% of my account balance even if it moves 1,000 pips in a day. I trade only on daily and weekly timeframes but keep an eye even on 1M. In nutshell, I manage a portfolio of trades aiming at price equilibrium. This says it all. This is a very simple and beautiful game if you play it right.

ps. ............. and I am not a professional trader nor a consistent winner in this market.
The Thief of Wall Street
  • #901,589
  • May 30, 2014 12:10am May 30, 2014 12:10am
Bought Kiwi for a quick scalp of 10 or so pips.
The Thief of Wall Street
  • #901,590
  • May 30, 2014 12:39am May 30, 2014 12:39am
Good morning!

I'm long with a couple of EUR correlated pairs for 10-15 TP limits.

If anyone wants to quickly see the highly correlated pairs, this site is awesome!
http://www.investing.com/forex-tools...ion-calculator

Focus, Patience, Determination & Order in chaos
  • #901,591
  • May 30, 2014 1:00am May 30, 2014 1:00am
Quoting saver0
Good morning! I'm long with a couple of EUR correlated pairs for 10-15 TP limits. If anyone wants to quickly see the highly correlated pairs, this site is awesome! http://www.investing.com/forex-tools...ion-calculator
GM,

and your SL?
PROredart is not PRO trader
  • #901,592
  • May 30, 2014 1:09am May 30, 2014 1:09am
Quoting Vachus
{quote} When a company decides to to borrow or a household going for a loan, they care more about actual/real interest rates not nominal ones ... real interest rates are negative for the last one year and half! Do you actually understand how interest rates works in the banking system, or something u read on Bloomberg?!
There are three interest rates the ECB could cut
The third interest rate that the ECB could cut, is the deposit rate. It currently stands at zero
if ecb cut this one to negative I expect 1.3 for euro otherwise it will go up(my viewpoint)
  • #901,593
  • May 30, 2014 1:14am May 30, 2014 1:14am
Today is just going to be one of those days. Gonna need some help if you plan on earning today.

http://www.brainyquote.com/quotes/to..._patience.html
Taking responsibility means believing that your outcomes are self-generated
  • #901,594
  • May 30, 2014 1:16am May 30, 2014 1:16am
Quoting Edude
Trading the eur/usd ...everything really...i've found is much more difficult now than it was a few years ago. It seems the market as has slowed to a crawl. I remember that there was good ranging all day/night usually...peak periods for sure, but in general there was always good movement. Now I find that it's a case of absolutely nothing happening for hours on end, sometimes days of nothing but sideways...then BAM a huge move. Rather frustrating.
I agree, virtually since 2008 but need to adapt, trading higher time frames, say 4hr 12hr or daily, Im thinking smaller than this is now very noisy ping pong crap, used to be anything less than 1hr was noisy, market movement is subjective too, 15min can be all over the place, 4hr is barely blimp daily is dead

Good thing about higher time frame like above is, you really have to do due diligence and put in the time and effort prior to entry aka activating your trade plan, no more flip flopping, trigger happy gunslinger shit, everything is calculated prior entry, set and forget, switch off platform and get your life back, staring at screen for hrs and hrs and days and days is not good for life or health or account
If you are new to Forex? Say Goodbye to your account!!
  • #901,595
  • May 30, 2014 1:16am May 30, 2014 1:16am
Quoting Chicky
{quote} So you are an accountant.
I'm not an account, and was not trying to simplify a corporate or a household taking a decision to borrow merely on the basis on interest rates. However, given the inflation number and nominal interest rates ( 0.25 - 0.70) real interest rates seems quite attractive to consider borrowing = -45 %
"It's the Margin, Stupid."
  • #901,596
  • May 30, 2014 1:18am May 30, 2014 1:18am
Quoting arash66110
{quote}(my viewpoint)
Your viewpoint is worthless, but thanks for sharing. ( You can't frame ignorance as an argument, backed up by: This is my opinion)
"It's the Margin, Stupid."
  • #901,597
  • May 30, 2014 1:19am May 30, 2014 1:19am
Quoting PROredart
{quote} GM, and your SL?
Hi PROredart,

I don't trade with SL Instead my entire account is my SL. It's a bit of a complicated way. It's similar to how ForexCube trades on this forum. Check his stuff out if you are interested. For example, this one: http://www.forexfactory.com/showthread.php?t=325369
It might not be for everyone though. You gotta trade what works for you
Focus, Patience, Determination & Order in chaos
  • #901,598
  • May 30, 2014 1:28am May 30, 2014 1:28am
Quoting saver0
{quote} Hi PROredart, I don't trade with SL Instead my entire account is my SL. It's a bit of a complicated way. It's similar to how ForexCube trades on this forum. Check his stuff out if you are interested. For example, this one: http://www.forexfactory.com/showthread.php?t=325369 It might not be for everyone though. You gotta trade what works for you


I am not using any SL and TP now but thinking to make at least RRR 1:1, thanks for your sharing the above link.

Another question:-
10-15pips TP are scalping, isn't it?
PROredart is not PRO trader
  • #901,599
  • May 30, 2014 1:29am May 30, 2014 1:29am
Milam Please say you actually did do this for May




http://www.forexfactory.com/showthre...08#post7436108
If you are new to Forex? Say Goodbye to your account!!
  • #901,600
  • May 30, 2014 1:30am May 30, 2014 1:30am
Quoting Magix
{quote} Hey speaking of short...and pimply faced... Where's that jeremy kid been hiding? Cripes... Ask the kid to put up a trade and he vanishes like we were asking him to trade one of the inside duelies... I'm not sure if I've ever seem somebody that afraid of a demo account. You'd almost think his mother ran away with one...
He is a good kid, but still not confident & mature enough to form his own opinions.
"It's the Margin, Stupid."
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