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Consequence Pilot Level Trading

  • #221
  • Sep 12, 2014 6:49am Sep 12, 2014 6:49am
Quoting Anusragger
{quote} No position. It will probably spike big one way taking out stops and limits and use the liquidity to fly the other way. No idea which way.
yes, for me news is the way of "Big Girls" to control the market movement....sometimes be good girl sometimes be wild girl...LOL.

since i know its ranging and have been several hours waiting...i decide loading long and close it before news.

will wait and see...
While knowledge speak up, the wisdom listen down
  • #222
  • Sep 12, 2014 7:00am Sep 12, 2014 7:00am
Quoting sam30
{quote} yes, for me news is the way of "Big Girls" to control the market movement....sometimes be good girl sometimes be wild girl...LOL. since i know its ranging and have been several hours waiting...i decide loading long and close it before news. will wait and see...
Or move to breakeven and hope price moves in profit and pray for no slippage and/or normal spread.
  • #223
  • Sep 12, 2014 7:02am Sep 12, 2014 7:02am
Quoting tnavi
since im using this method {image}
Well done tnavi, your equity curve looks way better than mine. Keep it up.
  • #224
  • Sep 12, 2014 7:14am Sep 12, 2014 7:14am
Quoting Anusragger
{quote} Or move to breakeven and hope price moves in profit and pray for no slippage and/or normal spread.
i had been experience with that Big Girls "toy"...i mean the news.

Only God and themselve know what the price will move next, what i believe is they have the scenario..our job to read and analyst their plan.

and as scalper...joining the battle during news is like kamikaze..

for me better play save, anyway have a good green pips ....
While knowledge speak up, the wisdom listen down
  • #225
  • Sep 12, 2014 9:25am Sep 12, 2014 9:25am
hey guys just got back... looks like have not missed much..
damn price goes bear wild bouncing back before missing my tp for that stupid short i have from yesterday.
Passion, Persist, Patience, Protect
  • #226
  • Sep 12, 2014 9:36am Sep 12, 2014 9:36am
Quoting jen101
Empire, just dropping by to say hello and all the best. p.s. please use stop losses, I've been watching you...

jenny love.. where have you been sweetie.. i missed you.

stop loss is for lil wussiessss, lol
Passion, Persist, Patience, Protect
  • #227
  • Sep 12, 2014 9:37am Sep 12, 2014 9:37am
guys how have you done today?
Passion, Persist, Patience, Protect
  • #228
  • Sep 12, 2014 9:44am Sep 12, 2014 9:44am
pick up total of 14.6 pips on Usd/Cad & Usd/Jpy
seems like little follow through momentum
Done for the day.
What would you do if you knew you could not fail?
  • #229
  • Sep 12, 2014 9:51am Sep 12, 2014 9:51am
Quoting FXEmpire
{quote} jenny love.. where have you been sweetie.. i missed you. stop loss is for lil wussiessss, lol
Ha ha, crazy as ever. Well, I've been more wussie than usual going for about a 1:1.6 R:R and it's working well. Come in and I'll show you...
  • #230
  • Sep 12, 2014 9:56am Sep 12, 2014 9:56am
Quoting FXEmpire
hey guys just got back... looks like have not missed much.. damn price goes bear wild bouncing back before missing my tp for that stupid short i have from yesterday.
hi FX,

thats what i said about "bad big girls" play with her toy(the news - the news was good for US but all counterpart rise before down then rise again)

i just wonder how you hold your short during the news...i just believe you are the man !.

anyway i "smell" EU will down soon today since rejected on 12961 resistance ...just go as high as 12955.

anyway anything could happen... good luck
While knowledge speak up, the wisdom listen down
  • #231
  • Sep 12, 2014 10:58am Sep 12, 2014 10:58am
Quoting jen101
{quote} Ha ha, crazy as ever. Well, I've been more wussie than usual going for about a 1:1.6 R:R and it's working well. Come in and I'll show you...
sure, i like stake and wine..
Passion, Persist, Patience, Protect
  • #232
  • Sep 12, 2014 11:03am Sep 12, 2014 11:03am
Quoting sam30
{quote} hi FX, thats what i said about "bad big girls" play with her toy(the news - the news was good for US but all counterpart rise before down then rise again) i just wonder how you hold your short during the news...i just believe you are the man !. anyway i "smell" EU will down soon today since rejected on 12961 resistance ...just go as high as 12955. anyway anything could happen... good luck

I just don't care about this little account.. if it makes it back great if not then oh well.. but today should have taken me out at around BE it came just short, bastardo.. lol

on monday I kick in 4-5k in this TE account to trade it for real with full attention for the sake of this threads and followers.. it's gotta be real.
Passion, Persist, Patience, Protect
  • #233
  • Sep 12, 2014 11:06am Sep 12, 2014 11:06am
Quoting The Sparrow
pick up total of 14.6 pips on Usd/Cad & Usd/Jpy seems like little follow through momentum Done for the day.
nice job.. was it based on this method or the old macd 6,14 deal?
Passion, Persist, Patience, Protect
  • #234
  • Sep 12, 2014 1:28pm Sep 12, 2014 1:28pm
one new, one macd 6/14
it would seem on the initial couple trades that
one can get confirmation with the macd.
I also go for more than 5pips TP
What would you do if you knew you could not fail?
  • #235
  • Sep 12, 2014 9:44pm Sep 12, 2014 9:44pm
Quoting FXEmpire
{quote} I just don't care about this little account.. if it makes it back great if not then oh well.. but today should have taken me out at around BE it came just short, bastardo.. lol on monday I kick in 4-5k in this TE account to trade it for real with full attention for the sake of this threads and followers.. it's gotta be real.
i wish you have more success for both thread and trading...i am sure about that.

and i like the idea to turning 200-300 buck into million in a year or less....when we see trading competition result , the winner can make 500% or more in only a week ..dont know how they make it happen...perhaps nothing to lose mentality cos no real money there but if the winner play real and reduce target to only 1/5 or 100 % it still amazing.

We all know the potentially are there (with the potential risk offcourse LOL) ... it seem easier to said then to done.

If only the veteran of forex competition champion out there could share their experience/strategies...just please PM me ( i dont wanna disrupt this thread with other things but FXEmpire trading system)

Happy weekend all, cheers
While knowledge speak up, the wisdom listen down
  • #236
  • Sep 13, 2014 3:04am Sep 13, 2014 3:04am
Quoting sam30
{quote} i wish you have more success for both thread and trading...i am sure about that. and i like the idea to turning 200-300 buck into million in a year or less....when we see trading competition result , the winner can make 500% or more in only a week ..dont know how they make it happen...perhaps nothing to lose mentality cos no real money there but if the winner play real and reduce target to only 1/5 or 100 % it still amazing. We all know the potentially are there (with the potential risk offcourse LOL) ... it seem easier to said then to done....
I know this is off topic of the thread (Empire won't mind if I offer him some nice vino ) but I just wanted to butt in here re. competitions. I entered one once (ok, laugh) but never again . It's about max-ing out on every trade and crossing your fingers you don't get a margin call. You have to take the biggest risk you can and hope you can get away with it. The leaders are the lucky ones; nothing to do with competent trading! Anyhow, they only have to survive a few weeks, maybe a month or two. Make them do it over a year and I bet you every account would be blown.
  • #237
  • Sep 13, 2014 5:06am Sep 13, 2014 5:06am
Further to my previous post, I like to add that maybe you might be interested in checking out Rags2Riches thread. The idea is that you start with an insignificant amount and risk high on high probability setups. I don't think anyone actually achieved it, mainly because as your account grows, so does your fear factor. Perhaps an EA might be the best bet, lol, not that I believe EA's really work long term, but you'd have better odds than doing the lottery.
  • #238
  • Sep 13, 2014 5:56am Sep 13, 2014 5:56am
What i am seeing on trade explorer is that trader has not stopped the losing trade. so its generating 61% loss.

This almost happens to all of us when we don't cut the losing trade , its human nature to give a bit more time to a matter just delay it so it might come in to profits.

When it comes to trading we try to do the same thing some time it works and we are happy , but some times it don't work we are not happy about that , the horrible thing is that if it don't work it takes full account and we are left with no money in account.

We should use a hard SL on trading account or a soft SL in our mind that if losses go above certain amount we are going to close this trade and accept the reality that we lost that trade.
  • #239
  • Sep 13, 2014 5:58am Sep 13, 2014 5:58am
Quoting jen101
Further to my previous post, I like to add that maybe you might be interested in checking out Rags2Riches thread. The idea is that you start with an insignificant amount and risk high on high probability setups. I don't think anyone actually achieved it, mainly because as your account grows, so does your fear factor. Perhaps an EA might be the best bet, lol, not that I believe EA's really work long term, but you'd have better odds than doing the lottery.
i assume Empire will agree with "hot" off topic disscussion ( cos jen factor ). anyhow this is market close ...(when all indi looks perfect to pointed when to buy/sell and when to close as well ).

I agree some point of you regarding high risk technique/competition style or whatever...i like your quote "cross your hand" after enter the market. i hv experience with it...mixed fear n hope in my head lol.

other thing...i still believe and technically it s posible to make high risk technique riil happen and consictence, the problem i think is on fundamentaly ...the enemy is myself ....i believe Empire ways one of the answer !
In add, when we choose swing trading-----just look at EU movement for past several weeks...(i believe some bulls suck out from 13300 level hope for a little retrace first)
While knowledge speak up, the wisdom listen down
  • #240
  • Sep 13, 2014 6:19am Sep 13, 2014 6:19am
Quoting sam30
{quote} i assume Empire will agree with "hot" off topic disscussion ( cos jen factor ). anyhow this is market close ...(when all indi looks perfect to pointed when to buy/sell and when to close as well ). I agree some point of you regarding high risk technique/competition style or whatever...i like your quote "cross your hand" after enter the market. i hv experience with it...mixed fear n hope in my head lol. other thing...i still believe and technically it s posible to make high risk technique riil happen and consictence, the problem i...
If I ever was to enter a competition again (which I won't) I would use the most aggressive martingale with no stop losses . Just hope I'd survive the length of the contest.
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