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  • #922,001
  • Sep 6, 2014 7:52pm Sep 6, 2014 7:52pm
Quoting yaed
{quote} Before what gets hit? Not the chicken i assume?
Please go waste someone else's time, thanks.
Everyone can see the chart, but only a few can actually read it.
  • #922,002
  • Sep 6, 2014 7:55pm Sep 6, 2014 7:55pm
Quoting Nabz
Its been 4 weeks since I started trading Forex. I lost half my equity in 1st week, I examined my trades thoroughly over weekend and saw one main flaw. I almost always went against the trend. "The price is way down, it must come back up now" (and vice versa), this thinking killed half my equity. I wrote, "Never go against the trend" on paper and put it next to my screen. I didn't see a single unprofitable day for next 3 weeks.
Yupp. I put one of my artist friends in front of my MT4 and showed him a chart of E/U. "Can you tell me if its going up or down?" He was unsure. I made a thick line from the entry of the first candle of the chart and drew it out to where price was now. I looked at him and asked "How about now?".
My signature is: "Classified".
  • #922,003
  • Edited 8:08pm Sep 6, 2014 7:55pm | Edited 8:08pm
Quoting OnlineAddict
{quote} Please go waste someone else's time, thanks.
It was an honest question and i was expecting an honest answer. But sure, forget about it.

EDIT: Oh now i see, you ment the target. Most people chicken out before the target is hit. They do?

I can understand why you say most people are dumb, i have a lot of understanding for the opinion. But if most people are dumb, then its simply a reacharacterization of "normal". And that sort of gets things into semantical... uuuh... problems i guess. Because then we are back to the fact that most people are "normal" and we pretty much knew that already and 80% of sociolgy is all about proving just this point, that people are pretty "normal" when it gets round to it. But i guess they want to be normal (stupid). I at least think hear people all the time talking about their fear of not being normal (stupid).

It seems sort of fruitless to try to describe how many "normal" traders there are, but it seems something like 70% are "normal" if i remember the win/loose ratios. The other 30% are "abnormal" winners.

Kind of makes you think about democrazy doesnt it? Burrowing more to help get out of depth. Seem like a "normal" approach to most people. Squirrels are smarter then that. You dont ever see a squirrel sitting around trying to eat a nut it didnt have to being with. I mean a dog chasing its tail is smarter still, its at least getting some excerzise.
My signature is: "Classified".
  • #922,004
  • Sep 6, 2014 8:13pm Sep 6, 2014 8:13pm
Quoting yaed
EDIT: Oh now i see, you ment the target. Most people chicken out before the target is hit. They do?
Yes, they do. I still do, too, many times. Trying to work on that.
Everyone can see the chart, but only a few can actually read it.
  • #922,005
  • Sep 6, 2014 8:15pm Sep 6, 2014 8:15pm
The problem with weekends is that the E/U chart kind of isnt moving. I dont really see the advantage of weekends. They are exactly the same like any other day, it just that the chart isnt moving. Its very upseting.

Dont get me wrong, trading in the weekends is not an option, to little volatility and thats not my point.

Back in 1995 something like that i tried this thing with weekends. Never got the hang of it. I wonder i someone can teach me about it. They just still seem like any other day to me.
My signature is: "Classified".
  • #922,006
  • Sep 6, 2014 8:18pm Sep 6, 2014 8:18pm
Quoting OnlineAddict
{quote} Yes, they do. I still do, too, many times. Trying to work on that.
Well i would think its not the entries that are the problem but the eventual exits (or margin call). But sure i get what you are saying. I think its a matter of having faith in something. Your "system" or your "god" or your auntie "Bertha" or what ever. I have faith in cheeze doodles. Cheese doodles where here before the euro and are backed by their own mass as opposed to the air that the dollar is backed by. A lot more faith then i have for the euro and the dollar, thats for sure. Its all very silly the whole thing really. Silly in an atombomb kind of way. But i dont need to have faith in the euro and the dollar to trade the damn things, i just need faith in probability theory and to me that is a lot easier to have faith in then a "system" or aunties and so on.
My signature is: "Classified".
  • #922,007
  • Sep 6, 2014 8:50pm Sep 6, 2014 8:50pm
Quoting yaed
The problem with weekends is that the E/U chart kind of isnt moving. I dont really see the advantage of weekends. They are exactly the same like any other day, it just that the chart isnt moving. Its very upseting. Dont get me wrong, trading in the weekends is not an option, to little volatility and thats not my point. Back in 1995 something like that i tried this thing with weekends. Never got the hang of it. I wonder i someone can teach me about it. They just still seem like any other day to me.
I don't know what is your definition of "Trading in the weekends", but you may like to check these 4 things on your eur/usd old charts and decide what are the odds against what you see in these charts:

1. Where price is on Friday 11:00 am EST (London Close)
2. Where price wanders from 11:00 am EST (London Close) to 5:00 pm EST (NY Close)
3. Where is the price on NY Close (Weekly Close) at 5:00 pm EST
4. What is the pip difference between 1. and 3. above

You mentioned about probability. I am sure it will give you probability of enough favorable outcomes that it should be enough to live a decent life with little bit of capital investment in forex.
The Thief of Wall Street
  • #922,008
  • Sep 6, 2014 8:57pm Sep 6, 2014 8:57pm
Quoting Chicky
{quote} I don't know what is your definition of "Trading in the weekends", but you may like to check these 4 things on your eur/usd old charts and decide what are the odds against what you see in these charts: 1. Where price is on Friday 11:00 am EST (London Close) 2. Where price wanders from 11:00 am EST (London Close) to 5:00 pm EST (NY Close) 3. Where is the price on NY Close (Weekly Close) at 5:00 pm EST 4. What is the pip difference between 1. and 3. above You mentioned about probability. I am sure it will give you probability of enough favorable...
No you havent given me enough incentive to do that. I have digested things of similar concotion. More work? Are you my boss or what? I dont have a boss.

I didnt say i was looking for a "system" did i? I hope i didnt, because i would be lying.

But could you go into a little detail why you propose this now and to me?

And also, could you answer your own questions so that i wont have to do the work, since you know the answer already and its probably going to be something like "Because the trend continues" or something like that?

I am equally or almost equally sure it will give me such and such probability. Why i should do it is another question. Why i should do it as opposed to what im already doing is an even better question.
My signature is: "Classified".
  • #922,009
  • Sep 6, 2014 9:02pm Sep 6, 2014 9:02pm
Quoting yaed
{quote} No you havent given me enough incentive to do that. I have digested things of similar concotion. More work? Are you my boss or what? I dont have a boss. I didnt say i was looking for a "system" did i? I hope i didnt, because i would be lying. But could you go into a little detail why you propose this now and to me? And also, could you answer your own questions so that i wont have to do the work, since you know the answer already and its probably going to be something like "Because the trend continues" or something like that?
No need to get upset my friend. I read your post and thought you were a weekend trader therefore indicated something that I have observed. I don't know why you took it so harshly. You all here are my friends and I am no boss. I apologize if I have hurt your feelings in any way. I am really sorry and I mean it if you think my post was offensive. Take it easy buddy.
The Thief of Wall Street
  • #922,010
  • Edited 9:28pm Sep 6, 2014 9:13pm | Edited 9:28pm
Quoting Chicky
{quote} No need to get upset my friend. I read your post and thought you were a weekend trader therefore indicated something that I have observed. I don't know why you took it so harshly. You all here are my friends and I am no boss. I apologize if I have hurt your feelings in any way. I am really sorry and I mean it if you think my post was offensive. Take it easy buddy.
I am taking it easy and you are still my friend. You should see my family when it gets a bit collectively drunk: 3 different ideologies, people who are used to raising their voice to be heard. You do the math Also some of us carry knives and even old people knows how to throw them. I guess im a weekend trader in that i analyze on the weekends if my mind wont set me on another path.

My foster grandfather has his daughter in the kitchen. She was a teenager raving about wanting money for the weekend. My moster grandfather said no. She kept nagging. He put his dagger in the wall beside her from 10 feet. She stopped nagging.

My brother was in the kitchen with his foster father. His faster father was drunk raving mad and he took out his knife. By brother put him down on the floor.

When my brother was a kid his foster father was cutting open his chest in the tent where my brother was lying. Afterwards my brothers foster father fucked my brothers mother.

Upset? No. I have never been upset. Never took out my knife in anger either. Never swung on a brother or sister. Want to keep it that way. Im a man of peace and love. But if you say A i say B. If you dont want to say C, thats OK. I can change and say X and lets see if any body is up for Y.

Im going to think of an "X" to put in there.
My signature is: "Classified".
  • #922,011
  • Sep 6, 2014 9:27pm Sep 6, 2014 9:27pm
Quoting yaed
{quote} I am taking it easy and you are still my friend. You should see my family when it gets a bit collectively drunk: 3 different ideologies, people who are used to raising their voice to be heard. You do the math I guess im a weekend trader in that i analyze on the weekends if my mind wont set me on another path.
Thanks god you are not emotional. For one minute I thought I lost a friend. I do the same. analyze over the weekends, maybe because market is close and we have time for such analysis. It is very funny that I traded while traveling all over the world. I remember each one of my methods with reference to where, in which country in which city or in which hotel/tent, I was when I developed or tested a method. It is really funny. I remember all my trading strategies or methods developed when I was in Afghanistan, Pakistan, Thailand, Vietnam, Mali. Liberia, Egypt, Tajikistan, Azerbaijan, Dubai, New York, Athens, London, Dhaka, Bhutan, Juba, Salt Lake City, Toronto, Lubumbashi, Guinea, Kampala, etc. etc. and above all, when I was flying over the globe or in transit lounges of airports all over the world.............. and indeed when I was cruising through African jungles in my Land-cruiser.
The Thief of Wall Street
  • #922,012
  • Sep 6, 2014 9:33pm Sep 6, 2014 9:33pm
Different or same?
Ok, so i removed the candles and put in a average period 1 on high and average period 1 on low.
To me this sort of makes for a more "timeless" way to view price.

Attached Image (click to enlarge)
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Also, this of course makes no mathematical difference, but just try thinking about it as short orders on top and longs in the bottom. The colors could actually do something for the mind. Im thinking on changing all my charts to something like that. I might learn something or i might just fool around with it until i get tired of it and go back to candles.

Attached Image (click to enlarge)
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But i guess kind of my point is that if you look at price like this and on this chart, its very hard to say: Its going up. I have found out that how i color the charts and what kind of background i have affects how im trading. Subconsiously of course.
My signature is: "Classified".
  • #922,013
  • Sep 6, 2014 9:41pm Sep 6, 2014 9:41pm
Quoting Chicky
{quote} Thanks god you are not emotional. For one minute I thought I lost a friend. I do the same. analyze over the weekends, maybe because market is close and we have time for such analysis. It is very funny that I traded while traveling all over the world. I remember each one of my methods with reference to where, in which country in which city or in which hotel/tent, I was when I developed or tested a method. It is really funny. I remember all my trading strategies or methods developed when I was in Afghanistan, Pakistan, Thailand, Vietnam, Mali....
Yeah thats interesting. And i bet the colors you used and maybe even the indicators might have been influenced by the place you where in. Maybe in a dry climate you used sandlike colors? I dont know just guessing.

I think the screens are to small on phones. I need a good 25 inch at least. I used to have two monitors and thinking i really needed them. Then one broke and i found out i did as good with one. I think it has something to do with getting a feel for price. I need my level of zoom so that i can fit enough movement into the chart. Kind of like this, this is the zoom i "have" to use, otherwise it feels to close or to far and it affects my trading negatively:

Attached Image (click to enlarge)
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I used to have feelings like normal people before i started trading. I dont know if something else occured when i started trading or what happend but ever since i have not been able to identify with much of the "feelings" people seem to talk about. I have a family and i have been to psychiatrist lately and they all tell me im not crazy. Im not autistic or even aspberger. What does that tell you about peoples feelings?
My signature is: "Classified".
  • #922,014
  • Sep 6, 2014 9:48pm Sep 6, 2014 9:48pm
Quoting Chicky
{quote} Thanks god you are not emotional. For one minute I thought I lost a friend. I do the same. analyze over the weekends, maybe because market is close and we have time for such analysis. It is very funny that I traded while traveling all over the world. I remember each one of my methods with reference to where, in which country in which city or in which hotel/tent, I was when I developed or tested a method. It is really funny. I remember all my trading strategies or methods developed when I was in Afghanistan, Pakistan, Thailand, Vietnam, Mali....
So tell me about the Salt lake city trading?

MA cross? Inside outside candles? S/R breakout? Divergences? Whats the deal here? What kind of inspiration does a card player like you develop in a place like that? By the way, was it not a group of mormons who founded that city?
My signature is: "Classified".
  • #922,015
  • Sep 6, 2014 9:55pm Sep 6, 2014 9:55pm
Quoting yaed
{quote} Yeah thats interesting. And i bet the colors you used and maybe even the indicators might have been influenced by the place you where in. Maybe in a dry climate you used sandlike colors? I dont know just guessing. I think the screens are to small on phones. I need a good 25 inch at least. I used to have two monitors and thinking i really needed them. Then one broke and i found out i did as good with one. I think it has something to do with getting a feel for price. I need my level of zoom so that i can fit enough movement into the chart....
I use a laptop. Few airports have a restriction of 7 Kg carry-on, specially if you are taking a small domestic aircraft or if you are traveling on a UN Flight in remote areas. I, therefore, use only my laptop for everything I do. One screen, and preferably as small and light-weight as possible. Your right shoulder gives way very soon if you carry more than 4 Kg for a long time. One reason I love those half-bags with wheels that pass through those carry-on measures at the airports. I used trend lines and don't know what indicators, but I now use not a single one, not even 50% fibs or any such bullshit, or for that matter, no bullshit at all, whether it be fundamental or technical. I have two great indicators and they work very well with my money management, these indicators are:

1. Feel Good Indicator, and
2. Feel Not So Good Indicator
The Thief of Wall Street
  • #922,016
  • Edited 10:29pm Sep 6, 2014 10:12pm | Edited 10:29pm
Quoting Chicky
{quote} I use a laptop. Few airports have a restriction of 7 Kg carry-on, specially if you are taking a small domestic aircraft or if you are traveling on a UN Flight in remote areas. I, therefore, use only my laptop for everything I do. One screen, and preferably as small and light-weight as possible. Your right shoulder gives way very soon if you carry more than 4 Kg for a long time. One reason I love those half-bags with wheels that pass through those carry-on measures at the airports. I used trend lines and don't know what indicators, but I...
Yupp those one shoulder bags are crap. Id rather carry 15 kilos distributed on both shoulders then 4 kilos on one shoulder. Haul that thing around on the same shoulder for 10-20 years and you are about done with that arm.

Yeah those are the best indicators. I have some stuff on there but i just sort of look at it for a second or two and probably its just the candles im looking at anyway.

Attached Image (click to enlarge)
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Maybe still, this is more like what im doing anyway:

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My signature is: "Classified".
  • #922,017
  • Sep 6, 2014 10:31pm Sep 6, 2014 10:31pm
Back in 2011 i remember this guy who traded E/U on M5. He was 30 years something or below. He went to work in Wienna he said. I wonder what happend to him. Dont remember what the username was. Great guy. He only used S/R lines. If anybody remembers him, what was his username? He posted on this thread. Maybe i have to go back and have a look if i can find it manually.
My signature is: "Classified".
  • #922,018
  • Edited 1:36am Sep 7, 2014 1:25am | Edited 1:36am
Quoting Imaywin
The very bad NFP will weigh on USD the whole month, not just the day its released. Market will price a more dovish FOMC statement.
Was not bad at all. The trend of unemployment it s down. August most of the time it s tricky. On FF Calendar you see only 1 number but in reality are more numbers to look for. Most important is drop in unemployment rise in average hourly earnings That number will not change the new trend in Euro. Beside that, remember all the good news of US from last month that don't move the market at that time and in the same time the bad news from UE who also don-t move the market.

Statistic now, The trend that start in the first half of September stay alive till the end of November. But, for 20 Pips target you don t need to much info. Take what you see according with your system.
And, most important was rate cut and announced QE from Mario. You forget that. That will keep the trend long time from now. Don't take NFP like the God of the news cos is not.
  • #922,019
  • Sep 7, 2014 1:40am Sep 7, 2014 1:40am
Quoting Chicky
{quote} It is very little known fact that Mr Draghi is a former member of FF. He made a couple of posts also here on EURUSD thread. If you want to see what he wrote and how, check user name Alghoze (not sure about the spelling)
Some proof?
  • #922,020
  • Sep 7, 2014 2:24am Sep 7, 2014 2:24am
Quoting OnlineAddict
Funny how people still go long and HOPE for a reversal. Yes, you can have a SL below 2920 and go long, but you can also wait for a 2960 re-test, set SL above 1.3 and go with the trend. Worst case, you lose 40+- pips, but if nothing changes, this will go all the way down to 1.21, which is 800+ pips. Why BET against the trend, when there is no reversal on any chart? None on monthly, none on weekly, none on daily, none on H4, not even one on H1...and you people still long it. I don't get it. If you want to go long, then wait for a clear reversal on...
Real talk. if they got eyes let them read !
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