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  • #972,861
  • Mar 24, 2015 6:33am Mar 24, 2015 6:33am
Quoting ptyforex
{quote} Trading is my thing, but it would be nice if you answered the question. If a person sets a target, and it is eventually hit,even if their account is margin called,does it make the call a "good one" or is it due to margin call it voids the actual call?
why would i trade with my back against a perceived wall of s/r and allow it to get so many pips behind my s/r? your hypothetical dont apply to me. u missed the concept.
those who can, do. those who cant, talk about those who can
  • #972,862
  • Mar 24, 2015 6:33am Mar 24, 2015 6:33am
Quoting Sants
{quote} money management needs to be involved
Which now leads to the question "What is proper money management". Money management can skew the results of the trade, as most people look at drawdown % as a great indicator of how good your money management and system actually is. Does a low drawdown % translate into a good system? I don't believe so. Reason being is that a person could have a floating red position of 2000 pips and their drawdown % could still be under 5%
Most preach money management, but trade management seems to be what we should focus more on.
5% a day keeps the 9 to 5 away.
  • #972,863
  • Mar 24, 2015 6:33am Mar 24, 2015 6:33am
Quoting ptyforex
{quote} Very mature to put someone on ignore who is simply questioning you. As for you trading a "live family fund", how is one to tell that from the demo account which you have posted below? Why should I have to read through all of your post to find something which you "claim" when you clearly can post the live account for all to see? It is honestly irrelevant at this point, as it is clear I have hit a nerve. The purpose of this site is to share thoughts about things which interest us. In this case, it would be why people are selling, instead of...
its my way of avoiding conflict
anyways my last message to you.
bye.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #972,864
  • Mar 24, 2015 6:35am Mar 24, 2015 6:35am
I am getting a sell signal on 1 hour chart though
  • #972,865
  • Mar 24, 2015 6:36am Mar 24, 2015 6:36am
Quoting Kofmaster
{quote} Let me enlightened u, trading is definitely not your thing. With measly 7 pips profit you have 17.8% increment in your account. good luck.
Are you aware of the fact that one could have NEGATIVE pips and still be very much in green? Have you ever seen someone have an account with 10,000 pips profit and -99.99% return? Before you jump to bash my form of trading, please be advised that trading is 100% subjective, which is the reason why we get our accounts margin called.
5% a day keeps the 9 to 5 away.
  • #972,866
  • Mar 24, 2015 6:36am Mar 24, 2015 6:36am
Quoting Vermillion
{quote} Funniest statement I've EVER heard from anyone trader in ForexFactory. Yeah....no. Fundamentals can be denied in the short term (i.e. intraday and weekly swings), but they WILL hold in the mid-term and long term. That's macroecon basics 101. NO CREDIBLE INSTITUTIONAL TRADER OR ESTABLISHED INDIVIDUAL DAY TRADER IS CALLING THIS RISE A "REVERSAL". Day trading helps keep bread on my table and pays my bills, and fundamentals and overall trends have always been my friends, never my enemies. Honestly, a rise...
I'm not a "credible institutional trader" (I'm actually trading from my mothers basement) but I think it's a reversal, they just don't know it yet.
As the lights go by so too do the shadows move
  • #972,867
  • Mar 24, 2015 6:36am Mar 24, 2015 6:36am
Quoting fxtyrant
{quote} its my way of avoiding conflict anyways my last message to you. bye.
You ignored me, only to take me off of ignore, only to send that message, then put me back on.
5% a day keeps the 9 to 5 away.
  • #972,868
  • Mar 24, 2015 6:37am Mar 24, 2015 6:37am
Quoting ptyforex
{quote} Which now leads to the question "What is proper money management". Money management can skew the results of the trade, as most people look at drawdown % as a great indicator of how good your money management and system actually is. Does a low drawdown % translate into a good system? I don't believe so. Reason being is that a person could have a floating red position of 2000 pips and their drawdown % could still be under 5% Most preach money management, but trade management seems to be what we should focus more on.
thats higher odds to avoid margin call. so u think holding red pips but intact with major trend is wrong position? im not a finance guys, but i think just 'be in the major trend' is enough even if ure in red for now, but to avoid the margin call, obviously you need to involve money management or well known as risk management
  • #972,869
  • Mar 24, 2015 6:37am Mar 24, 2015 6:37am
Quoting gatorinla
{quote} why would i trade with my back against a perceived wall of s/r and allow it to get so many pips behind my s/r? your hypothetical dont apply to me. u missed the concept.
Please inform me of the concept would you.
5% a day keeps the 9 to 5 away.
  • #972,870
  • Mar 24, 2015 6:38am Mar 24, 2015 6:38am
Quoting infinitus
....So the question is: with all the over-highly paid fundamental analysts at various banks (I do not mean the sell-side, which is lying more than talking the truth): why can they not figure out the same targets based on their valuable fundamental analysis? Inquiring minds want to know!
I strongly disagree with you latest posts mate.

You are entering in the conspiratorial/"Hocus Pocus" realm, with your latest comment. You are implying that economist are useless, finance retard, policy makers blind ignorants and valuation of underlying just random integers with no time or value constrains...

Basically price and markets are just a magic force that settle patterns by "osmosis" in charts and some supernatural divine force makes waves appear and disappear in a perfect flow ad infinitum (no pun intended )

Look this is economics/finance 101, markets and price is settle by the convergence of different VALUATION of an underlying. There are technical/statistical/fundamental tools to evaluate the subjective value of an asset/underlying. Because the tools are technical/statistical/fundamental DOESNT mean that price/markets is AN EXACT SCIENCE.

Different players, actors have different valuation and the confluence of those valuation make the market and set price ... OTHERWISE our charts will be a FLAT LINE ----------------------- because every participant would have the same price and value and therefore we would achieve constant perfect equilibrium.

In a very simple and stupid example thats why an old "spiderman or whatever" comic magazine collection buried and cluttering an attic may be of 0 value for the owner but some nerdy collector in eBay would be willing to pay a quarter of a million for them ... you get the point ...Price and markets are set by different valuations of an underlying from different actors not by the TOOLS they use.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #972,871
  • Mar 24, 2015 6:39am Mar 24, 2015 6:39am
Quoting ptyforex
{quote} Are you aware of the fact that one could have NEGATIVE pips and still be very much in green? Have you ever seen someone have an account with 10,000 pips profit and -99.99% return? Before you jump to bash my form of trading, please be advised that trading is 100% subjective, which is the reason why we get our accounts margin called.
With your current risk management skills, you still want to preach others how money management affect ones account?

good god.. There is all type of people in this world. G L
Read the entire market, money is made on the main trend not the fluctuation
  • #972,872
  • Mar 24, 2015 6:40am Mar 24, 2015 6:40am
Quoting Sants
{quote} thats higher odds to avoid margin call. so u think holding red pips but intact with major trend is wrong position? im not a finance guys, but i think just 'be in the major trend' is enough even if ure in red for now, but to avoid the margin call, obviously you need to involve money management or well known as risk management
Yes, I do think holding a red position, even if you are in red following the overall trend is a horrible way of trading. Why?Oly because you have a bias towards a position, and you tend to ignore what is going on in front of you. A red position tends to lead a trader into a deeper bias compared to a trader who has a open winning trade.
5% a day keeps the 9 to 5 away.
  • #972,873
  • Mar 24, 2015 6:42am Mar 24, 2015 6:42am
Quoting sisse
Relatively decent numbers from Europe during the opining range and Euro looks ready for an exhaustion leg to the FOMC highs and probably a bit more. 1.096x holding the morning will leave the test 1.108x naked and unlock some more to the 1.11xx handle (1.112x/4x) area but the play will only come with support of US news so nothing to see for the rest of the morning session until news and NY comes to settle the deal. On the larger technical front. 1.096x just got confirmed as the key level in play for the Monthly roll....so nothing to see but wait...
Sisse Sir,

You are scaringly good.
  • #972,874
  • Mar 24, 2015 6:43am Mar 24, 2015 6:43am
Quoting Kofmaster
{quote} With your current risk management skills, you still want to preach others about money management? good god.. There is all type of people in this world. G L
My risk management is always the same. 1:1 I am willing to risk 10% of my account to earn 10% profit. Based on the formations I see, I adjust my lot size accordingly. My form of trading doesn't give leeway to bias. Either I am right or wrong almost instantly (well within 5 mins as I trade the 5 min chart).
5% a day keeps the 9 to 5 away.
  • #972,875
  • Mar 24, 2015 6:43am Mar 24, 2015 6:43am
Just can't imagine we're going to close above 1.0950 today but it looks like it may happen. Eu is now being propped up by the big $$$, it's very clear.
  • #972,876
  • Mar 24, 2015 6:45am Mar 24, 2015 6:45am
Quoting ptyforex
{quote} Please inform me of the concept would you.
read what was posted. there are many to chose from. your just a step away from a troll label in such a short period of time. baby pips teaches some mm, s/r on youtube.
those who can, do. those who cant, talk about those who can
  • #972,877
  • Mar 24, 2015 6:47am Mar 24, 2015 6:47am
It looks like consolidation time until the US figures at 12:30 GMT.

I'm definitely sitting on my hands, until then.
  • #972,878
  • Mar 24, 2015 6:51am Mar 24, 2015 6:51am
Quoting ptyforex
{quote} Yes, I do think holding a red position, even if you are in red following the overall trend is a horrible way of trading. Why?Oly because you have a bias towards a position, and you tend to ignore what is going on in front of you. A red position tends to lead a trader into a deeper bias compared to a trader who has a open winning trade.
so you are using 0 spread broker? whenever u op, u got red pips already. are you hestitate to believe in your trading method while your position is still red perhaps -3 -4 -10 and willing to close it asap? you want to make a position that directly positive? goodluck finding that method buddy
  • #972,879
  • Mar 24, 2015 6:52am Mar 24, 2015 6:52am
Quoting Ken A
{quote} Looks like AU is about to trip buy stops above .7900 same goes for NU Watching for HH short scalp opportunities
i see, will try b o
jou, uj started direction?
  • #972,880
  • Mar 24, 2015 6:53am Mar 24, 2015 6:53am
Quoting Luzbay
It looks like consolidation time until the US figures at 12:30 GMT. I'm definitely sitting on my hands, until then.
1096x seemed good support why not try some buy there?
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