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  • #14,741
  • Oct 10, 2014 1:06am Oct 10, 2014 1:06am
700 pips down. 500 to go. maybe
  • #14,742
  • Oct 10, 2014 1:10am Oct 10, 2014 1:10am
Quoting Mpt
700 pips down. 500 to go. maybe
That's as broad as a statement as it gets, are you in a trade for a 500 pip target ?
  • #14,743
  • Oct 10, 2014 1:33am Oct 10, 2014 1:33am
Quoting IveGotQuads
{quote} That's as broad as a statement as it gets, are you in a trade for a 500 pip target ?
As stated here for some time, that is exactly my take on a possible ​option. No one else has the same view...they are all short term bullish. I remain short until proven otherwise.
  • #14,744
  • Oct 10, 2014 1:38am Oct 10, 2014 1:38am
Quoting Mpt
{quote} As stated here for some time, that is exactly my take on a possible ​option. No one else has the same view...they are all short term bullish. I remain short until proven otherwise.
Of course, If you trading the Longer time frames I can see a price target of 169.xx especially if you traded that daily bearish candle @ 178.72. Well gl with your trade if you are in it. Just curious to know what SL you were using if it wasn't behind the tail
  • #14,745
  • Oct 10, 2014 1:57am Oct 10, 2014 1:57am
Quoting IveGotQuads
{quote} Of course, If you trading the Longer time frames I can see a price target of 169.xx especially if you traded that daily bearish candle @ 178.72. Well gl with your trade if you are in it. Just curious to know what SL you were using if it wasn't behind the tail
Right now, 174.2​
  • #14,746
  • Oct 10, 2014 2:30am Oct 10, 2014 2:30am
SHORT TO THE MOON
Please check out my blog at https://from-zero-to-hero . net
  • #14,747
  • Oct 10, 2014 2:39am Oct 10, 2014 2:39am
Quoting smash1820
SHORT TO THE MOON
but .. but .. isn't the moon up? Well, it isn't up here JUST yet. How's it going? Got one of your compatriots from IL, down in the quad cities living with us now.
  • #14,748
  • Oct 10, 2014 2:44am Oct 10, 2014 2:44am
it's now approaching some decent support at 172.8/9
  • #14,749
  • Oct 10, 2014 3:19am Oct 10, 2014 3:19am
Quoting Mpt
but .. but .. isn't the moon up? Well, it isn't up here JUST yet. How's it going? Got one of your compatriots from IL, down in the quad cities living with us now.
I'm doing okay buddy, I guess.

I'm just trying to hang in there still barely by a thread, so I can continue my dreams of trading and the holy grail...

I need to get a real job at this point, cuz I'm just getting by, and have been for a while -- my fortunate poker skills also seems to keep my alive, at least in the short-term, until I figure all this stuff out...

Which, honestly, I feel like I am very close to figuring it all out. The holy grail is finally within my grasp and my reaches and I am going to milk it as much as I can. I have spent years as a losing trader... I have more than paid the price and it is now my time to become consistently profitable, once-and-for-all!

I have learned a lot about the markets over the last few years... some because of my work at the prop firm, some because of my poker skills, and some because of trading (and probably some more still for reasons other than that)... and I have coded all of that knowledge now into what I think is the best indicator/to-be-EA on the market. That is, if it will ever be on the market at all. I just think that it is the most effective method I have ever seen and I am very proud of the fact that I developed it all myself and have refined it over my struggle and years of trading.

I have lost so much in the markets that I am finally beginning to put an end to my losses simply because I know now what to do in order to AVOID losing money! I have lost so much money that it comes naturally to me now. Making money in the markets is very easy, and nothing special. But being able to keep it is an entirely different question.

I have learned that in order to become profitable, the best and fastest way to do so, is to confront your losses HEADS ON. I used to think there was a problem with taking a loss, and I was so stubborn that I would refuse to take a loss even for -$0.14 or something silly like that, just because it was below zero, and I thought I was "better than that", but boy, have I learned... There is nothing wrong with taking losses, as long as you are able to manage them. And in fact, if you are able to flip your mind and your position fast enough, you can make even more money "being wrong", then you would "staying wrong", by reversing your position at the first definitive sign of a loss.

So I think I have learned a lot now, and am doing okay I guess. My work on the holy grail EA seems to keep me going pretty well, and certainly up at these bizarre hours, for me at least! But I still think that a real job could/would help with a whole lot of my problems, for now at least... !

Anyways, how are you doing buddy? Okay, I hope. Chap! If you mean one of your "compatriots" would be from the downtown U of I, or Champaign-Urbana campus area, then that is totally awesome!!@#

I went to school there in Champaign and I just love that city. I am from the northern suburbs of Chicago and so Champaign is a few hours away from me, but it has a big place in my heart.

Quoting smash1820
SHORT TO THE MOON
PS: Check out that GBP/JPY trade. Pretty good, eh! Already +45 pips...
Please check out my blog at https://from-zero-to-hero . net
  • #14,750
  • Oct 10, 2014 3:28am Oct 10, 2014 3:28am
Quoting smash1820
I'm doing okay buddy, I guess. I'm just trying to hang in there still barely by a thread, so I can continue my dreams of trading and the holy grail... I need to get a real job at this point, cuz I'm just getting by, and have been for a while -- my fortunate poker skills also seems to keep my alive, at least in the short-term, until I figure all this stuff out... Which, honestly, I feel like I am very close to figuring it all out. The holy grail is finally within my grasp and my reaches and I am going to milk it as...
SCALP LONG

172.85 is the PERFECT entry here for a really nice trade.
Please check out my blog at https://from-zero-to-hero . net
  • #14,751
  • Oct 10, 2014 3:41am Oct 10, 2014 3:41am
Quoting smash1820
{quote} I'm doing okay buddy, I guess. I'm just trying to hang in there still barely by a thread, so I can continue my dreams of trading and the holy grail... I need to get a real job at this point, cuz I'm just getting by, and have been for a while -- my fortunate poker skills also seems to keep my alive, at least in the short-term, until I figure all this stuff out... Which, honestly, I feel like I am very close to figuring it all out. The holy grail is finally within my grasp and my reaches and I am going to milk it as...
Further over from Moline. She's my son's GF - they met in Chicago, but he's brought her home and about to start going through the permanent residency thing - she seems happy here - a few issues with the accents and terms of speech, but other than that all is cool.

You're not alone in those trading issues - apart from accepting a loss (which is always hard) is overcoming the temptation to over trade - but I'm sure you know all that shit. The problem is that we do this crap alone and often separated by vast distances and wide oceans .It's such a personal thing, but, yes, a little extra cash from a job would no doubt help. Anyway, good to hear from you.

ps I hold short -for now
  • #14,752
  • Oct 10, 2014 3:47am Oct 10, 2014 3:47am
Quoting smash1820
{quote} SCALP LONG 172.85 is the PERFECT entry here for a really nice trade.
Yeah, I think LONG from here (give or take 100 pips), is a good idea. But, in terms of scalping long, I don't know if market is quite ripe yet - IMO .
  • #14,753
  • Oct 10, 2014 3:51am Oct 10, 2014 3:51am
Quoting Mpt
Further over from Moline. She's my son's GF - they met in Chicago, but he's brought her home and about to start going through the permanent residency thing - she seems happy here - a few issues with the accents and terms of speech, but other than that all is cool. You're not alone in those trading issues - apart from accepting a loss (which is always hard) is overcoming the temptation to over trade - but I'm sure you know all that shit. The problem is that we do this crap alone and often separated by vast distances and wide oceans .It's such a personal...
Glad to hear it, Mpt! But before I go to bed (it is really late for me), I must warn you, be careful with your GBP/JPY short! The market is in the process of reversing now, and 172.85 is the perfect entry (as I said before) to go long.

That is, if you want to make money of course... and completely depending on your time frame preference. The bears will eventually win over this pair, but as of now, the bulls seem to have control... or are at least slowly taking it.

That's cool and all... is your son getting married? Or is married? I am 28 years old and still looking for the one...

Actually, my life really sucks because I had the one, and I let her slip out of my hands. Even worse!

Yes, I know about all the trading cliches such as "the trend is your friend" (which is, tbh, the "truest" of them all), and don't risk more than 2% per trade, etc. etc., etc., but I don't believe in all that crap. I don't use stop losses. I often risk more than 2%, more than 10%, and even 50% per trade. It all depends on your level of conviction in it. Trading is a numbers game, and about simple math. Do it, and you win. Don't do it, and you lose. Kinda like poker.

... And to be honest, you don't even need to do the math. You just need to realize when you're beat... And I have been #DOMINATING# poker as of late.
Please check out my blog at https://from-zero-to-hero . net
  • #14,754
  • Oct 10, 2014 3:52am Oct 10, 2014 3:52am
Quoting smash1820
SHORT TO THE MOON
Damn where have you been....Long time. You probably still creating proprietary systems anyway. How are you so far ?
  • #14,755
  • Oct 10, 2014 4:01am Oct 10, 2014 4:01am
Quoting IveGotQuads
Interesting Insight, I would prefer the market made its 3rd wave down today as you said but it is not perfect. I did have a buy order triggered @ 173.68 with a SL @ 173.47 and TP @ 174.50 or timed TP @ 12pm today. i will admit this is not one of my cleanest trade, Would have preferred a much cleaner dip down (the highlighted candle)and the candle closed a little higher on the ends. It is one of the price action candles that I look for with 2 qualities. Price seems to be going against the trade so quick.... {image}

On a side note...Although I did sell @ 173.31 and TP @ 172.81 to be profitable for the day, this initial trade well was a really bad one, and not because of the result. Firstly as i already mentioned we still needed a 3rd wave down for the week. secondly the dip to grab sell orders wasn't just there. Thirdly, the candle didn't close very well above the PRECEDING candle for a bullish signal. And last but not the least the zone was 173.45 which was October 8th's lows and not Tokyo's low. Basically disregarded every rule that is there in the system I follow but that happens sometimes...what matters is noticing it and correcting it. Well off for the day and good luck to everybody
  • #14,756
  • Oct 10, 2014 4:01am Oct 10, 2014 4:01am
Quoting smash1820
{quote} Glad to hear it, Mpt! But before I go to bed (it is really late for me), I must warn you, be careful with your GBP/JPY short! The market is in the process of reversing now, and 172.85 is the perfect entry (as I said before) to go long. That is, if you want to make money of course... and completely depending on your time frame preference. The bears will eventually win over this pair, but as of now, the bulls seem to have control... or are at least slowly taking it. That's cool and all... is your son getting married? Or is married? I am...
I know this a good spot for a turn round - but I'll wait it out for a little while.
  • #14,757
  • Oct 10, 2014 4:03am Oct 10, 2014 4:03am
Good night to those off to bed. Tis only 9 pm here on Friday. I think it will continue down.
  • #14,758
  • Oct 10, 2014 4:03am Oct 10, 2014 4:03am
Quoting IveGotQuads
Damn where have you been....Long time. You probably still creating proprietary systems anyway. How are you so far ?
lol I dunno how to answer that. I guess I've been everywhere and nowhere, hah!

I'm doing alright, and yourself? Yeah... I'm still working on the proprietary systems and holy grail "stuff", and the funny thing is, I believe I am almost there! Can you believe that?! I can hardly believe it myself, but... I've got some pretty wicked stuff planed for the pipeline!
Please check out my blog at https://from-zero-to-hero . net
  • #14,759
  • Oct 10, 2014 4:09am Oct 10, 2014 4:09am
Quoting smash1820
{quote} lol I dunno how to answer that. I guess I've been everywhere and nowhere. I'm doing alright, and yourself? Yeah... I'm still working on the proprietary systems and holy grail "stuff", and the funny thing is, I actually believe I am almost there! Can you believe that?! I can hardly believe it myself, but... I've got some pretty wicked stuff planed for the pipeline!

you going to share it or keep it private.... fx-ray had some sick algo and I tried for months on end for him to share it but I guess its proprietary. LOL but i consider him a mentor and he really helped me get over the hump. A very profitable and i mean profitable trader...wish he would come back and posts. The only downside is that because he is so good it makes ppl lazy to do their own analysis.
  • #14,760
  • Edited 4:44am Oct 10, 2014 4:24am | Edited 4:44am
Quoting IveGotQuads
you going to share it or keep it private.... fx-ray had some sick algo and I tried for months on end for him to share it but I guess its proprietary. LOL but i consider him a mentor and he really helped me get over the hump. A very profitable and i mean profitable trader...wish he would come back and posts. The only downside is that because he is so good it makes ppl lazy to do their own analysis.
Had no clue about FX-Ray having a 'sick' system. I used to subscribe to him, but then I think I unsubscribed, and now I have just subscribed again, if what you say is true.

I don't know if I'll be sharing it or not. So far, it seems like it is pretty powerful so I am not sure. But I think that if I do share it, it will not be for free. There will be some price to pay. And I don't know what that price might or would be, except that it would be above zero, and it might come in the form of a recurring membership, such as a membership-based website, or something "monthly", etc. etc.

Or at least that's what I've been thinking... and probably leaning towards keeping it private.
Please check out my blog at https://from-zero-to-hero . net
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