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  • #958,841
  • Feb 9, 2015 11:53pm Feb 9, 2015 11:53pm
so are the bulls gona actually attempt to impress me? cuz im waiting for them to impress me so i can short those sons of b****es to hell.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,842
  • Feb 9, 2015 11:56pm Feb 9, 2015 11:56pm
Quoting fxtyrant
so are the bulls gona actually attempt to impress me? cuz im waiting for them to impress me so i can short those sons of b****es to hell.
I just realized that I'm on your ignore list. Huh. Never noticed it, since I was able to keep chatting with you. Did I do something wrong? Don't recall doing anything.
  • #958,843
  • Feb 10, 2015 12:01am Feb 10, 2015 12:01am
Quoting Chicky
{quote} Thanks. I earlier ignored this. This change is small anyway. Here is a gift for your response. {image}
Lol, nice post Chicky
Forex as Leverage
  • #958,844
  • Feb 10, 2015 12:02am Feb 10, 2015 12:02am
Quoting Vermillion
{quote} I just realized that I'm on your ignore list. Huh. Never noticed it, since I was able to keep chatting with you. Did I do something wrong? Don't recall doing anything.
Take it easy bro, even I got ignored but people I don't even know or spoke to. Lol.
Luck shines on the positive.
  • #958,845
  • Feb 10, 2015 12:10am Feb 10, 2015 12:10am
Quoting Vermillion
{quote} I just realized that I'm on your ignore list. Huh. Never noticed it, since I was able to keep chatting with you. Did I do something wrong? Don't recall doing anything.
unignored. probably one of the mistakes i did was a mass ignore fest when the board got noisy....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,846
  • Feb 10, 2015 12:11am Feb 10, 2015 12:11am
Quoting YvetteTeo
{quote} Take it easy bro, even I got ignored but people I don't even know or spoke to. Lol.
hows your trading doing?
enjoyed that profit short from 1.15 signal i gave you?
tp at 1.14, i saw you got out with 80+ pips instead of holding till 1.14 tp but still hope you had a good one there...
do keep an eye out on my trade explorer, right now market too quiet to make any move.... and bulls are being.... "bulls" pussies.... cant even dare to impress me to push it higher.... want to short but they are just not gutsy enough...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,847
  • Feb 10, 2015 12:16am Feb 10, 2015 12:16am
Quoting Kofmaster
{quote} how small is small?
try visiting your broker site and check for the lowest position they could offer.
  • #958,848
  • Feb 10, 2015 12:25am Feb 10, 2015 12:25am
Quoting fxtyrant
{quote} hows your trading doing? enjoyed that profit short from 1.15 signal i gave you? tp at 1.14, i saw you got out with 80+ pips instead of holding till 1.14 tp but still hope you had a good one there... do keep an eye out on my trade explorer, right now market too quiet to make any move.... and bulls are being.... "bulls" pussies.... cant even dare to impress me to push it higher.... want to short but they are just not gutsy enough...
doing great, thanks for asking. yeah i wished i held on long enough, in fact if anyone has time to go through my trades you'll find alot of those moments where i would've gained alot from holding on.

but thats not how i trade, i'm more short term and risk averse. just works better for me.

your analysis and calls are one of the only reasons why i frequent this thread anyways, being in the same timezone helps too lol. cheers!
Luck shines on the positive.
  • #958,849
  • Feb 10, 2015 12:30am Feb 10, 2015 12:30am
Quoting YvetteTeo
{quote} doing great, thanks for asking. yeah i wished i held on long enough, in fact if anyone has time to go through my trades you'll find alot of those moments where i would've gained alot from holding on. but thats not how i trade, i'm more short term and risk averse. just works better for me. your analysis and calls are one of the only reasons why i frequent this thread anyways, being in the same timezone helps too lol. cheers!
well i dont like low time frame charts, they dont make much sense to me..... and i dont want to put myself in a position like the scalp traders here whos only aim is just to make 5 pips here 5 pips there etc etc....
scalpers very often apply a 5 pip tp and 10 pip sl or 20 pip SL... meaning a risk reward of 0.25 or something.....
while me on a longer time frame i aim for 200 pip TP and 100 pip Soft Stop.
risk reward of >1 for me. i always aim for High Probability/high accurace trades, while risk reward are always larger than 1.
thats why i only enter shorts if trend is down. i never try to catch rebounds.... i usually just stay on the sidelines and let the rebounds play out.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,850
  • Feb 10, 2015 12:35am Feb 10, 2015 12:35am
Quoting fxtyrant
{quote} well i dont like low time frame charts, they dont make much sense to me..... and i dont want to put myself in a position like the scalp traders here whos only aim is just to make 5 pips here 5 pips there etc etc.... scalpers very often apply a 5 pip tp and 10 pip sl or 20 pip SL... meaning a risk reward of 0.25 or something..... while me on a longer time frame i aim for 200 pip TP and 100 pip Soft Stop. risk reward of >1 for me. i always aim for High Probability/high accurace trades, while risk reward are always larger than 1. thats why...
I share this approach. I don't have the time or energy to sit glued to my screen trying to scalp 5 pips. I do it occasionally but it's not my main style. I haven't been long EUR/USD for a while.
  • #958,851
  • Feb 10, 2015 12:36am Feb 10, 2015 12:36am
Quoting Kofmaster
{quote} how small is small?
Anything that limits your risk per trade from 0.1% to 1%. You can take two trades each having 1% risk but still your total risk can remain much less than 1% if these pairs are positively correlated and you have taken opposite trades on them. But this correlation may break increasing your risk to even 2%. The best is to always calculate your total exposure by calculating how much you would lose if all your open trades hit stop losses. If you have reached your maximum tolerable limit, but still want a new trade, can tighten stop loss of a few trades to create room for this new trade.

We used to do this in our horse racing book-shop. Before increasing or decreasing the rates of a horse to take or discourage new bets on a horse, my father always used to ask the "Penciler" (person who kept the betting record) "How much is the Collection and what is the Payout?" If Collection was greater than the Payout, he would increase the rate and take more risk but not beyond the amount already Collected. This is somewhat like bringing your sl to BE or BE+x. When you open the rates, have to risk your own money on the first few bets collected, but when people bet on more than one horse, you limit your risk in such a way that it is never more than betting amount collected. This way, no matter what happens in the race, your total payout is less than total collection and difference is your profit. In trading, you focus only on risk because here, we are not Book-makers. Brokers are the book-makers and we are the punters (gamblers). However, in gambles based on fluctuating rates, sometimes punters can also take advantage of this rate fluctuation and can step into the shoes of book-makers. Luckily, forex market provides a lot of such opportunities.

ps. This is different from Arbitrage Trading where traders take advantage of temporary rate fluctuations, much different........ based solely on the principles of risk management.
The Thief of Wall Street
  • #958,852
  • Feb 10, 2015 12:39am Feb 10, 2015 12:39am
Quoting fxtyrant
{quote} well i dont like low time frame charts, they dont make much sense to me..... and i dont want to put myself in a position like the scalp traders here whos only aim is just to make 5 pips here 5 pips there etc etc.... scalpers very often apply a 5 pip tp and 10 pip sl or 20 pip SL... meaning a risk reward of 0.25 or something..... while me on a longer time frame i aim for 200 pip TP and 100 pip Soft Stop. risk reward of >1 for me. i always aim for High Probability/high accurace trades, while risk reward are always larger than 1. thats why...
just kinda like the conservative version of you, i only trade with direction of trend, which is why you won't find long EUR/USD trades from me no matter how tempting it'll look for a scalp.
i catch reversals only because thats going to be the direction i'll be trading in the first place, which is short in the case.

that's also the reason why i always look for confirmation of longer term trend from reliable forum and news sources together with my own analysis.
imo, risk and money management is still key in trading. analysis helps to increase your percentage chances of getting a trade right, but without risk or money management it'll end up drowning in the shithole.
Luck shines on the positive.
  • #958,853
  • Feb 10, 2015 12:49am Feb 10, 2015 12:49am
Quoting YvetteTeo
{quote} just kinda like the conservative version of you, i only trade with direction of trend, which is why you won't find long EUR/USD trades from me no matter how tempting it'll look for a scalp. i catch reversals only because thats going to be the direction i'll be trading in the first place, which is short in the case. that's also the reason why i always look for confirmation of longer term trend from reliable forum and news sources together with my own analysis. imo, risk and money management is still key in trading. analysis helps to increase...
btw, if there is any reversals etc etc..... say EURUSD goes back up to 1.20 or some bullcrap like that... it usually has fundamental reasons behind it..... but right now i dont see that happening.....
only thing that came close to it was a potential news like "Fed to delay rate hike till mid 2016.." which wont happen after last friday's NFP numbers and rising wage growth.... and all the previous months revision on NFP figures.
wont happen. now.

reversals usually have fundamental reasons behind it. but none of that spotted recently in the fudamental side.
still bearish, bearish-neutral but not in a million years am i bullish EURUSD... LOL....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,854
  • Feb 10, 2015 12:55am Feb 10, 2015 12:55am
Quoting janpec1000
{quote} I dont see it going that high but up move from where we is good possible and gona trade on it. In fact 318 is where this up leg might start from. UJ looks like up move could be building from here: http://prntscr.com/631m2p
I'm with u on that.
Just get your view: Do you see the move from 26 Jan low as corrective or something trending up?
Elliott Wave for optimum entry, exit and risk management of trades
  • #958,855
  • Feb 10, 2015 12:55am Feb 10, 2015 12:55am
Quoting fxtyrant
{quote} btw, if there is any reversals etc etc..... say EURUSD goes back up to 1.20 or some bullcrap like that... it usually has fundamental reasons behind it..... but right now i dont see that happening..... only thing that came close to it was a potential news like "Fed to delay rate hike till mid 2016.." which wont happen after last friday's NFP numbers and rising wage growth.... and all the previous months revision on NFP figures. wont happen. now. reversals usually have fundamental reasons behind it. but none of that spotted recently in the...
exactly! it's plenty obvious how both central banks have diverging monetary policies which strengthens or weakens their currency fundamentally. what i see though are noises that would allow me to short at higher levels, so there'll always be retracements or short-term up trends to continue shorting.

one day when usd starts another QE and eur increases interest rates and stopping QE, thats when i'll long. maybe in another 10 years.
Luck shines on the positive.
  • #958,856
  • Feb 10, 2015 12:57am Feb 10, 2015 12:57am
Quoting YvetteTeo
{quote} just kinda..................that's also the reason why i always look for confirmation of longer term trend from reliable forum and ........
How would you rate this thread in terms of reliability on a scale of 1 to 10, where 10 is most reliable and 1 is extremely reliable?

ps. there is no typo in this post.
The Thief of Wall Street
  • #958,857
  • Feb 10, 2015 1:00am Feb 10, 2015 1:00am
Quoting Chicky
{quote} How would you rate this thread in terms of reliability on a scale of 1 to 10, where 10 is most reliable and 1 is extremely reliable?
funny how some have contributed for so long and stayed, gotta mean something doesn't it.
Luck shines on the positive.
  • #958,858
  • Feb 10, 2015 1:02am Feb 10, 2015 1:02am
Quoting YvetteTeo
{quote} exactly! it's plenty obvious how both central banks have diverging monetary policies which strengthens or weakens their currency fundamentally. what i see though are noises that would allow me to short at higher levels, so there'll always be retracements or short-term up trends to continue shorting. one day when usd starts another QE and eur increases interest rates and stopping QE, thats when i'll long. maybe in another 10 years.
need another crisis to hit US for that the happen....

took US a huge lehamn brother + housing market collapse + credit crunch to get the fed going nuts printing to the hilts back in 2008.... need another crisis like that to happen in US..... and US Equity market is not showing signs of that happening yet...
when lehman brother collapse happen.... US equities was overpriced, evidenced by how the Equity indicies were prived above the P/E curve.... now we are still below the P/E curve... despite analysts on CNBC etc saying how US is overpriced compared to emerging markets etc etc.... mark to market.... looking at US individually.... Stock prices are still lagging behind P/E curve.... so US equities are not in overpriced situation..... we still have 2-3 years of bullish US equity markets.

now when the bullish starts flattening... how big of a correction would it be? would it be a normal 10-20% correction or a crazy 50% drop in US equity like in 2008 is the big question....
the latter one will trigger fed's concern and get US printing again..... otherwise the 10-20% onces.... ignore them, that wont light a fire on fed's ass to go on easing....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #958,859
  • Feb 10, 2015 1:02am Feb 10, 2015 1:02am
Quoting Chicky
{quote} Anything that limits your risk per trade from 0.1% to 1%. You can take two trades each having 1% risk but still your total risk can remain much less than 1% if these pairs are positively correlated and you have taken opposite trades on them. But this correlation may break increasing your risk to even 2%. The best is to always calculate your total exposure by calculating how much you would lose if all your open trades hit stop losses. If you have reached your maximum tolerable limit, but still want a new trade, can tighten stop loss of a...
thank you for your comprehensive reply.

How would you rate a trader that have 1.5k pips profit amounting to almost 150% increment in his portfolio for just few trades is risky or not? Is he over-leveraged?
Read the entire market, money is made on the main trend not the fluctuation
  • #958,860
  • Feb 10, 2015 1:04am Feb 10, 2015 1:04am
Quoting fxtyrant
{quote} ...... but not in a million years am i bullish EURUSD... LOL....
wow...you are in love with USD
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