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The Really Useless Thread

  • #133,661
  • Apr 15, 2015 8:08am Apr 15, 2015 8:08am
Quoting Pharm0r
{quote} she must be french you're right!! http://www.forexfactory.com/showthre...13#post8206913
Well my old eyes still functioning than
  • #133,662
  • Apr 15, 2015 8:13am Apr 15, 2015 8:13am
new poster here, though I've been lurking the forum for at least 7 years (mainly the eur/usd thread).

did a bit of daytrading (amateur daytrading) in the past. got lucky on GBP/USD back in January 2009... and then got hammered with oil futures afterwards. spent time on and off daytrading EU, trying different techniques etc... but somehow always falling for the basic amateur mistakes.


so after a few years hiatus, I'm sort of back. just "demo trading" for now to see if I've grown wiser with age.

I am fundamentally speaking a very short term trader, the basic principle I believe is in making short sharp trades for a few pips. wait (for hours if need be) until I can get my 4-5 pips.

I don't make use of charts beyond the following:
-tick chart for entry and exit.
-daily chart for day trend
-weekly/monthly charts for longer trend

no lines or vooodo. simple "when short term trend matches longer term buy / sell"
  • #133,663
  • Apr 15, 2015 8:19am Apr 15, 2015 8:19am
Quoting hayder
new poster here, though I've been lurking the forum for at least 7 years (mainly the eur/usd thread). did a bit of daytrading (amateur daytrading) in the past. got lucky on GBP/USD back in January 2009... and then got hammered with oil futures afterwards. spent time on and off daytrading EU, trying different techniques etc... but somehow always falling for the basic amateur mistakes. so after a few years hiatus, I'm sort of back. just "demo trading" for now to see if I've grown wiser with age. I am fundamentally speaking a very short term trader,...

welcome and good luck...
Look Sharp/Trade Tight
  • #133,664
  • Apr 15, 2015 8:20am Apr 15, 2015 8:20am
I'd imagine a retest of .07xx is likely provided it can get past .0638
  • #133,665
  • Apr 15, 2015 8:20am Apr 15, 2015 8:20am
Quoting hayder
new poster here, though I've been lurking the forum for at least 7 years (mainly the eur/usd thread). did a bit of daytrading (amateur daytrading) in the past. got lucky on GBP/USD back in January 2009... and then got hammered with oil futures afterwards. spent time on and off daytrading EU, trying different techniques etc... but somehow always falling for the basic amateur mistakes. so after a few years hiatus, I'm sort of back. just "demo trading" for now to see if I've grown wiser with age. I am fundamentally speaking a very short term trader,...
Welcome.

Do me a favor, would you?

Here it is...
...take a notebook and papertrade for a period of 6 weeks the following:
- as soon as London closes, papertrade a small trade with a 40-pip TP in the opposite direction.
- compare that to your approach and report back

Out for the rest of the day.
  • #133,666
  • Apr 15, 2015 8:22am Apr 15, 2015 8:22am
Quoting Mr Hatch
{quote} Welcome. Do me a favor, would you? Here it is... ...take a notebook and papertrade for a period of 6 weeks the following: - as soon as London closes, papertrade a small trade with a 40-pip TP in the opposite direction. - compare that to your approach and report back Out for the rest of the day.
interesting. I shall give it a try!
  • #133,667
  • Apr 15, 2015 8:28am Apr 15, 2015 8:28am
Quoting Mr Hatch
{quote} Welcome. Do me a favor, would you? Here it is... ...take a notebook and papertrade for a period of 6 weeks the following: - as soon as London closes, papertrade a small trade with a 40-pip TP in the opposite direction. - compare that to your approach and report back Out for the rest of the day.
Sounds like gambling without more information for him ...
Fix up, trade sharp ...
  • #133,668
  • Apr 15, 2015 8:31am Apr 15, 2015 8:31am
well its only a papertrade. and I did use coin flip in the past so it can't be much worse.


to "shortcut" this I'll back test this for the last few weeks and see what SL would work best with this little gamble.
  • #133,669
  • Apr 15, 2015 8:31am Apr 15, 2015 8:31am
Quoting hayder
new poster here, though I've been lurking the forum for at least 7 years (mainly the eur/usd thread). did a bit of daytrading (amateur daytrading) in the past. got lucky on GBP/USD back in January 2009... and then got hammered with oil futures afterwards. spent time on and off daytrading EU, trying different techniques etc... but somehow always falling for the basic amateur mistakes. so after a few years hiatus, I'm sort of back. just "demo trading" for now to see if I've grown wiser with age. I am fundamentally speaking a very short...
Wrong time to post this.

Wrong approach 4 ticks with a monthly ? ...

Falling for basic amateur mistakes? ...you seem to still making all of them according to your post ...

First step, try to get some feedback after trading hours, you will get better responses in this thread...

In any case, here we go for NY ... GL all nothing new to add for the euro ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #133,670
  • Apr 15, 2015 8:33am Apr 15, 2015 8:33am
Quoting sisse
{quote} Wrong time to post this. Wrong approach 4 ticks with a monthly ? ... Falling for basic amateur mistakes? ...you seem to still making all of them according to your post ... First step, try to get some feedback after trading hours, you will get better responses in this thread... In any case, here we go for NY ... GL all nothing new to add for the euro ... sisse
Hey what do you think can it break 1.066x and go for 1.0710-50?
  • #133,671
  • Apr 15, 2015 8:37am Apr 15, 2015 8:37am
Quoting sisse
{quote} Wrong time to post this. Wrong approach 4 ticks with a monthly ? ... Falling for basic amateur mistakes? ...you seem to still making all of them according to your post ... First step, try to get some feedback after trading hours, you will get better responses in this thread... In any case, here we go for NY ... GL all nothing new to add for the euro ... sisse
4 ticks with a tick chart for entry/exit determination and daily for trend. the monthly is on the "side" just to give me some "bigger view of things". trades usually last from 30 seconds to 5 minutes max. my commissions are 0.16 pips per round trade so even with half a pip I'm in the money.

but... I always miss big moves simply because I don't stay in the trade long enough. I do however successfully avoid big draw downs by having very tight SL and very short "time in market" (and avoid news time obviously).
  • #133,672
  • Apr 15, 2015 8:52am Apr 15, 2015 8:52am
I keep getting sucked into the EU thread, hard to quit the crack cold turkey. To regurgitate

Quoting Pharm0r
{quote} If .07xx is taken with closes, I'm shopping for Longs the rest of the month, and if this M closes green, for probably most of the summer. We've gotten the "most times" monthly retest, now it's up to bulls to finish strong. all about timing.. .10xx is another important one, but that brings the green monthly
Quoting Pharm0r
{quote} I'm bearish until bulls prove they can close the month with no LL and ABOVE the M open. So far all has happened as predicted....but unless there's follow-through...doesnt matter...
bbl
  • #133,673
  • Apr 15, 2015 9:05am Apr 15, 2015 9:05am
Quoting PayTheLimit
gonna try some short dollar/canada at 1.2562, risk 12...
covered for a quick 9 to 1...wow..
Look Sharp/Trade Tight
  • #133,674
  • Apr 15, 2015 10:02am Apr 15, 2015 10:02am
maybe 1.2468 will be an R in the canada....
Look Sharp/Trade Tight
  • #133,675
  • Apr 15, 2015 11:31am Apr 15, 2015 11:31am
Quoting PayTheLimit
maybe 1.2468 will be an R in the canada....
Yep.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #133,676
  • Apr 15, 2015 11:48am Apr 15, 2015 11:48am
Quoting LarryDarrell
{quote} misread it, 'stopped' instead of 'stop'... great trade! I've got a optimistic pending long at 7578
did you catch it?
I'm still in....
Don't be a hero. Don't have an ego. Always question yourself
  • #133,677
  • Apr 15, 2015 12:03pm Apr 15, 2015 12:03pm
Quoting hayder
well its only a papertrade. and I did use coin flip in the past so it can't be much worse. to "shortcut" this I'll back test this for the last few weeks and see what SL would work best with this little gamble.
on paper, you're in the green with a sl at be+
  • #133,678
  • Apr 15, 2015 12:18pm Apr 15, 2015 12:18pm
Quoting USD-Bear
{quote} did you catch it? I'm still in....
nice work, they ran me out, but good to see you taking them to task...gl with the rest of it...
Look Sharp/Trade Tight
  • #133,679
  • Apr 15, 2015 12:24pm Apr 15, 2015 12:24pm
Quoting PayTheLimit
{quote} nice work, they ran me out, but good to see you taking them to task...gl with the rest of it...
them bastards , they missed me on a hair, didn't give it much chance last night though......
Don't be a hero. Don't have an ego. Always question yourself
  • #133,680
  • Apr 15, 2015 12:34pm Apr 15, 2015 12:34pm
Quoting PayTheLimit
{quote} nice work, they ran me out, but good to see you taking them to task...gl with the rest of it...
Not filled by 0.5 pips on the long ... but the losers got filled LOL
Fix up, trade sharp ...
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