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  • #973,061
  • Mar 24, 2015 10:04am Mar 24, 2015 10:04am
Quoting fxtyrant
{quote} Sisse, i put my money where my mouth is... and so far at -160pip im abut 8% draw down. thats not a problem for me. and my margin level is open enough for me to handle opening another trades.
You wha? You were just asked about adding a position last night by an M-Series minion (much lower than today's High)...and you said you wouldn't be doing that. Yer a joker!
  • #973,062
  • Mar 24, 2015 10:05am Mar 24, 2015 10:05am
Stocks seem to be a little more jittered about rates than Europe right now.
The coincidental success is more dangerous than the expected failure
  • #973,063
  • Mar 24, 2015 10:06am Mar 24, 2015 10:06am
Quoting kenfen69
{quote} Anyone that's been in the forum longer remember when he used a different Username, the same arrogance, the same over-convicted, uni-directional, biased trade method...positive that his "pals" at the SNB would NEVER let the CHF go below their peg...adding positions 600 pips underwater. Ooops..the peg went...a new Username was born. Somehow he was aloud to delete the old Username and resume the same shite with his Mr T moniker.
Arrogance itself is not a problem to me if someone is consistently right. Maybe just at tea time with my old neighbours...
  • #973,064
  • Mar 24, 2015 10:07am Mar 24, 2015 10:07am
Quoting sisse
{quote} 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...
Hi Sisse,

I knew you would bite LOL

Sorry for answering late, but I had to do a bit snow-diving beforehand :-))

I am far away from being in the conspirational camp. But then:

the Gold-fixing manipulation is a myth - busted
the Libor rigging is a myth - busted
the Forex manipulation is a myth - busted
the HFT, quote stuffing, momentum ignition is a myth, especially in Forex - busted
the CB's are are buying stocks or manipulating their price via VIX buying is a myth - busted
the sellside analysts constantly advising the opposide of what their prop desk is doing - busted
unemployment rate is manipulated is a myth - busted
inflation rates are manipulated is a myth - busted

I could go on forever, I think.

The marked are rigged, and alone under this premise a propper Fundamental Analysis should be hard enough.

Nowhere did I say, that economists are useless, blind, ignorant, retard etc. That were your words.

Rereading your rebuttal to mine it gets clear, that you switched the theme from "Fundamental Analysis" to, I say, "general Analysis" (which may involve FA)

Yes, it is finance 101, that price is settled down between two or more participants via an auctionary process. In this process typically Gaussian shaped price distributions develop. At the far left and right side of the tails there are simply no agreements of price or only very few.
But that was never the topic.

As you so eloquently stated, different players, actors have different valuations, and the confluence of this valuations make the market and set price.
Further you noted, that there are different tools (fundamental, statistical, technical) to evaluate the price, and said, it wouldn't mean it to be exact science.

In my view you just ignored the most important of all:
perception and social mood

(today I was in good mood and even accepted a price way to high for my ski-service and even gave a tip. (yesterday, with bad mood, I would have started a tumult LOL)

But the question was: when not even, e.g., economists inside of the FED can agree on the subject, if a high USD is good or bad for the US economy, only to give an example, how do we, as traders, have to see the value of FA at all?

As you implied with your answer, even economists with different use of FA will get to different results. So what is the superiority of FA?

In the last days I raised the topic about the model of yield differentials more than one time , and that it is proofed by (foremost) Rogoff, that looking at yield differentials to determine direction or value of a currency is almost useless. I even showed a chart this morning. So far nobody out of the FA camp rebutted me, although I more than one time in the past read here in the thread how important it would be to look at yield differentials, especially when the FED starts to raise rates.

But all in all it is very interesting to see, how the waves of different analysis methods swap through the forum:

there was a time EW was on vogue - now not so much; than came supply and demand, naked trading, Pivot-trading, mofus, fibs, S/R-trading, whatever, right now it seems we have a lot of experts in the field of trend-following and FA. The tide will turn soon enough, it seems.

I say: whatever floats your boat

Best to you
  • #973,065
  • Mar 24, 2015 10:08am Mar 24, 2015 10:08am
Quoting infinitus
{quote} Right so It wouldn't be so sad, when it was not Tyrrant himself, who told traders here to not hold to a losing position, only because one thinks, that price may start in that direction anytime soon. He told traders about that price could establish a new equilibrium at that traders who are in draw down would then likely not see their entries again over a long time. All he advises others he is ignoring self. Will be interesting to see what he will do when price eventually reaches the roughly 1180-1370 region again. Even when price...
I believe this is a worse time for him. No doubt he is a good trader, but no one is 100% pro. We are all learning . trading with no SL sometimes make sense, but not all the time.
  • #973,066
  • Mar 24, 2015 10:09am Mar 24, 2015 10:09am
Quoting gatorinla
{quote} better close 0942 London and 0909 and the same with ny.. it looks good atm.. but it aint over till its over. also u should tell them % to use or not to use.. and a % if red/green they should close a loser/winner.
Yeah right! That would be WAY too transparent for the smoke and mirrors game!

Sure, when a Minion-Series drone asks a question, he says...don't ask questions (shut up)...just follow me!

The only person/people that will look more ridiculous than him when it goes wrong (AGAIN)...are those that have blindly followed someone with a proven track record of already making these same biased mistakes.
  • #973,067
  • Mar 24, 2015 10:12am Mar 24, 2015 10:12am
Quoting Tom_D_Trader
{quote} Oil bouncing. Have TPd few EUs and waiting for reload.
kk. m5 Oil resuming fall. Buying UJ, selling EU and Aussie.

edit: aaa, got confused my microtf and m5 corrected back . Ah... well. Ok, is chopping between 47,337 - 46 anyways
"I know one thing, that I know nothing." Sokrates
  • #973,068
  • Mar 24, 2015 10:16am Mar 24, 2015 10:16am
Quoting palinco
{quote} I believe this is a worse time for him. No doubt he is a good trader, but no one is 100% pro. We are all learning . trading with no SL sometimes make sense, but not all the time.

I somehow think he will get out of this trade with profit. Nevertheless we all learn something new from the market with every new trade, that's what so amazing about trading.

I don't use hard stops personally, the size of my account is my stop Lol.
  • #973,069
  • Mar 24, 2015 10:18am Mar 24, 2015 10:18am
Quoting MikiFX
{quote} Arrogance itself is not a problem to me if someone is consistently right. Maybe just at tea time with my old neighbours...
Do some research, mate. He has proven to be (painfully) FAR from consistently right.

Anyway...I'm sure he'll give plenty of reasons to discuss him again. For now...that's enough. I just like to make some people that are considering blindly following his (or anyone else's) calls, aware of potential dangers based on the past. If...just shut up, follow me and don't ask questions...doesn't already set off some sort of alarm bells.

Anyway...good luck.
  • #973,070
  • Mar 24, 2015 10:21am Mar 24, 2015 10:21am
Quoting kenfen69
{quote} Yeah right! That would be WAY too transparent for the smoke and mirrors game! Sure, when a Minion-Series drone asks a question, he says...don't ask questions (shut up)...just follow me! The only person/people that will look more ridiculous than him when it goes wrong (AGAIN)...are those that have blindly followed someone with a proven track record of already making these same biased mistakes.
Tyrant. you are the best around. Whereas you have given clear cut trade suggestions and to keep the quantities within limits, I do not see a definite suggestion by anyone else. All they do is add some sort of a caveat after any suggestion.

I very much understand that one must follow his own trading style, but your trades are definitely the most helpful compared to anyone out there.

My suggestion to you is that just don't get into a @#$@ contest. Not worth it.

All the best to you.
  • #973,071
  • Mar 24, 2015 10:24am Mar 24, 2015 10:24am
or SHS
Attached Image (click to enlarge)
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  • #973,072
  • Mar 24, 2015 10:24am Mar 24, 2015 10:24am
1193 could be gold short.
  • #973,073
  • Mar 24, 2015 10:25am Mar 24, 2015 10:25am
Quoting kenfen69
{quote} You wha? You were just asked about adding a position last night by an M-Series minion (much lower than today's High)...and you said you wouldn't be doing that. Yer a joker!
Just watch as i turn the trade around into a profit
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #973,074
  • Mar 24, 2015 10:25am Mar 24, 2015 10:25am
Quoting palinco
{quote} I believe this is a worse time for him. No doubt he is a good trader, but no one is 100% pro. We are all learning . trading with no SL sometimes make sense, but not all the time.

Hi Palinco,

he does not sound as would it be a hard time for him. When your account is big enough, you eventually can play those games. But do not be surprised, when your account value from time to time gets heavy spanking.

The problem is, that he ridiculed people for exactly that what he is doing now.

And btw: inside a prolonged trending move everyone can easily be a hero by trend following. That works until the music stops. The fun then starts, when we see more deep or choppy countertrend action than they thought.

Trading isnot about right or wrong: it is about probability and to know the limitations
  • #973,075
  • Mar 24, 2015 10:27am Mar 24, 2015 10:27am
Quoting sisse
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...
Mate, the rest of post is good, but they are retards (Please noone ban me again for making fun of cripples). Just look at Bloomberg. Or CNBC. Its not news, its just bullish noise! Buy, buy, buy, everything is rosy, US superstrong. They get paid for that. I dont believe for a single second Mr. ExMayor has not invested into US stocks.

And CBs? They constantly fail in most of predictions, since FED is a) Political institution - responsible for calming people down. b) working with Wall Street.

I wear a tin foil hat and do not trust any data. Any news. They all pursue thir own interests, thats about it.

Fail? Fail again?
http://www.gwu.edu/~forcpgm/Ahir_Loungani.pdf

T
"I know one thing, that I know nothing." Sokrates
  • #973,076
  • Mar 24, 2015 10:28am Mar 24, 2015 10:28am
or without SHS go to 1,0826 - 50
  • #973,077
  • Mar 24, 2015 10:29am Mar 24, 2015 10:29am
jesus christ... Its like all the people coming against me... All i did was to hold onto a trade thats at nest 9% draw down... Considering i grew the account up to 70%, 9% is no biggie....
Besides trade isnt closed yet, im still targeting to close at 1.0650. Problem??
I think not.
And yes i dont use Stop loss. But i know money management well
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #973,078
  • Mar 24, 2015 10:30am Mar 24, 2015 10:30am
Quoting fxtyrant
jesus christ... Its like all the people coming against me... All i did was to hold onto a trade thats at nest 9% draw down... Considering i grew the account up to 70%, 9% is no biggie.... Besides trade isnt closed yet, im still targeting to close at 1.0650. Problem?? I think not. And yes i dont use Stop loss. But i know money management well
I'm following your trades very closely. Thank you for posting them! Helps new-comers like me.
  • #973,079
  • Mar 24, 2015 10:31am Mar 24, 2015 10:31am
Quoting Tom_D_Trader
{quote} kk. m5 Oil resuming fall. Buying UJ, selling EU and Aussie. edit: aaa, got confused my microtf and m5 corrected back . Ah... well. Ok, is chopping between 47,337 - 46 anyways
i would be surprised if uj goes more than aroundish Today. i sold just into this 85 will add higher if they show. tom we can break down, or maybe in few days. thats my plan im gonna trade it

concerning eu, im gonna trade it tom.
  • #973,080
  • Mar 24, 2015 10:32am Mar 24, 2015 10:32am
Quoting fxtyrant
jesus christ... Its like all the people coming against me... All i did was to hold onto a trade thats at nest 9% draw down... Considering i grew the account up to 70%, 9% is no biggie.... Besides trade isnt closed yet, im still targeting to close at 1.0650. Problem?? I think not. And yes i dont use Stop loss. But i know money management well
I am with you BUT I have a pending long at 1.0883 May short tomorrow
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