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  • #993,361
  • May 26, 2015 10:00pm May 26, 2015 10:00pm
theres plenty of pips for all, people who think eurusd has bottomed out and usdjpy topped out, go ahead enter a trade against the trend as much as you want.
im just gona wish you best of luck.

since I personally wont chase after those kinds of trades.
We live in a finite world with infinite possibilities.
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  • #993,362
  • May 26, 2015 10:07pm May 26, 2015 10:07pm
Quoting fxtyrant
theres plenty of pips for all, people who think eurusd has bottomed out and usdjpy topped out, go ahead enter a trade against the trend as much as you want. im just gona wish you best of luck. since I personally wont chase after those kinds of trades.
Yeh well UJ is prolly fackup, therefore low lvrg, but I just wanna hold megahigh . You have to forgive me. Also GU on support, EU on support,..Gold below :/, not likes, AU as well (also a bit below S), but all m5 charts starting to pick up USD bear momentum..now moving to m15.

Is not bad trade
"I know one thing, that I know nothing." Sokrates
  • #993,363
  • May 26, 2015 10:11pm May 26, 2015 10:11pm
Quoting Tom_D_Trader
{quote} Yeh well UJ is prolly fackup, therefore low lvrg, but I just wanna hold megahigh . You have to forgive me. Also GU on support, EU on support,..Gold below :/, not likes, AU as well (also a bit below S), but all m5 charts starting to pick up USD bear momentum..now moving to m15. Is not bad trade
just be careful trading low time frame charts, its easy for a daily bear to sudden come in a fuck up a m5 bull
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,364
  • May 26, 2015 10:15pm May 26, 2015 10:15pm
Quoting Ratmach
{quote} I'm still pretty new to this, but one thing I've already learned is that if things don't go my way, the person to blame is always either... Yellen or Mario!

Haha, I will blame it on my fish. If it swim upwards, I long, if it swim down, I short. Maybe I'll add a snake in to work as MA. Price move like how fish swims.
Attached Image
The only winner is the one who survive the longest...
  • #993,365
  • May 26, 2015 10:16pm May 26, 2015 10:16pm
Quoting fxtyrant
{quote} just be careful trading low time frame charts, its easy for a daily bear to sudden come in a fuck up a m5 bull
Oh mate you cant imagine how much these low timeframes already cost me . But err, I wanna be a millionaire, so I gotta zoom in, so I can shoot hard and have tight SL. Cant help myself.

The result is, low timeframes sometimes confuse me and I get cut...These two weeks were perfect example. I need a bounce so I take partial and trades are BE. If no bounce, is cut after cut and I dont actually enjoy that. Also second result is lots of my trades simply end up BE. As I enter low timeframe, get a bounce and a) take partial so SL is on same place but actually BE b) move stops to BE. I have many many BE trades before monthly/quarterly move starts. Is time exhausting, but pays well.
"I know one thing, that I know nothing." Sokrates
  • #993,366
  • May 26, 2015 10:18pm May 26, 2015 10:18pm
Quoting Tom_D_Trader
{quote} Oh mate you cant imagine how much these low timeframes already cost me . But err, I wanna be a millionaire, so I gotta zoom in, so I can shoot hard and have tight SL. Cant help myself. The result is, low timeframes sometimes confuse me and I get cut...These two weeks were perfect example. I need a bounce so I take partial and trades are BE. If no bounce, is cut after cut and I dont actually enjoy that. Also second result is lots of my trades simply end up BE. As I enter low timeframe, get a bounce and a) take partial so SL is on same place...
why not zoom out, and wait for the proper entry and load onto a trade hard instead??

the low time frame causes confusions, but look at daily and its clear as hell.... this shit is gona go down to retest the lows of 1.04xx now that the Resistance turned Support now turned resistance again at 1.1
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,367
  • May 26, 2015 10:20pm May 26, 2015 10:20pm
Quoting fxtyrant
{quote} why not zoom out, and wait for the proper entry and load onto a trade hard instead?? the low time frame causes confusions, but look at daily and its clear as hell.... this shit is gona go down to retest the lows of 1.04xx now that the Resistance turned Support now turned resistance again at 1.1
Couldn't have said it better myself.
  • #993,368
  • May 26, 2015 10:26pm May 26, 2015 10:26pm
Quoting fxtyrant
{quote} why not zoom out, and wait for the proper entry and load onto a trade hard instead?? the low time frame causes confusions, but look at daily and its clear as hell.... this shit is gona go down to retest the lows of 1.04xx now that the Resistance turned Support now turned resistance again at 1.1
Bcoz am poor? Well, not really poor taking in account living standards, but pretty poor considered equity I would need for trading. Is pretty hard to survive on market while undercapitalized. Equity I got now can safely make me for rent and food, but I gotta work 12 hrs a day. So, I need equity to grow, so I can work 8 hrs a day like a normal guy. Am coming for it . If this support breaks, I simply loose 3,5%. But am through 4 charts, and it takes only one chart to hit partial to have trades +-BE.
"I know one thing, that I know nothing." Sokrates
  • #993,369
  • May 26, 2015 10:27pm May 26, 2015 10:27pm
I prefer to trade the daily chart, I accept the fact that if I trade the daily chart trade opportunities are much less but will be much less confusion in the market's price action, giving me a better chance to chase after those big pipped trades that can be held for some time, id rather load up my trades being sure on higher time framed even if it means I get less chances to trade than the m15 chart. but it also mean trading the daily chart would filter out all the intraday noise.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,370
  • May 26, 2015 10:27pm May 26, 2015 10:27pm
Quoting rjngh2005
here are my trades. Sorry I do not want to show position size and profit following information is provided Time open Time closed Pips made Sell/Buy {image}
Very nice. Ain't scalping fun?
  • #993,371
  • May 26, 2015 10:31pm May 26, 2015 10:31pm
Quoting fxtyrant
I prefer to trade the daily chart, I accept the fact that if I trade the daily chart trade opportunities are much less but will be much less confusion in the market's price action, giving me a better chance to chase after those big pipped trades that can be held for some time, id rather load up my trades being sure on higher time framed even if it means I get less chances to trade than the m15 chart. but it also mean trading the daily chart would filter out all the intraday noise.
Mate I am mostly focusing on Daily and Weekly charts as well. And I got a Daily support here. I am using those low timeframes just to have superprecise entries, so I can load more.

Edit: See, like this, saved few pips thx to zoom. Now should we go few more pips up, I can safely go BE. Is a multientry btw.
Edit2: We can go to 1,04, I got no problem with that. Just BE, BE, BE, and then am megarich
Edit3: I dont see it likely though, I got monthly max overshoot down to 1,076....1,0855 very strong R in my charts. Though Daily looks scarry, didnt break and chart is oversold. Moreover, I still consider it move thx to UJ. Once it runs out of steam, all charts go boom.
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"I know one thing, that I know nothing." Sokrates
  • #993,372
  • May 26, 2015 10:35pm May 26, 2015 10:35pm
Quoting Tom_D_Trader
{quote} Mate I am mostly focusing on Daily and Weekly charts as well. And I got a Daily support here. I am using those low timeframes just to have superprecise entries, so I can load more.
okay but don't have a superprecise Stop loss or you will get stopped out super precisely.
but this comes down to how shady your broke is....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,373
  • May 26, 2015 10:42pm May 26, 2015 10:42pm
Quoting fxtyrant
{quote} okay but don't have a superprecise Stop loss or you will get stopped out super precisely. but this comes down to how shady your broke is....
I will not get chopped in intraday settlement . Sometimes I place a scalping SL, but usually I use this roundup +1pip for slippage +2 pips for brokers fackup +1 pips for my wrong count, then round up and move below round number . In the end SL is usually about 10 pips away from place I projected as perfect.
"I know one thing, that I know nothing." Sokrates
  • #993,374
  • May 26, 2015 10:44pm May 26, 2015 10:44pm
one question here. if someone is mentally strong enough wouldn't it be better to use a very large stop by default ( a 50 - 100 pips intraday stop will not be hunted by a broker most likely, IMO, but if the hell breaks loose you might be happy about this SL ) and handle the SL by yourself ?
  • #993,375
  • May 26, 2015 10:49pm May 26, 2015 10:49pm
Quoting dragon88
{quote} Short another lot at 1.0950 SL 1.1070 Go hard or go home... this baby is going down to 1.08
closed all at 1.087

Looks like a base is forming around 1.086, its gonna retrace before a further move downwards.
  • #993,376
  • May 26, 2015 10:50pm May 26, 2015 10:50pm
Quoting verified
one question here. if someone is mentally strong enough wouldn't it be better to use a very large stop by default ( a 50 - 100 pips intraday stop will not be hunted by a broker most likely, IMO, but if the hell breaks loose you might be happy about this SL ) and handle the SL by yourself ?
I know this is gonna end up in the bin as always, but I got this saying: "The second you go to toilet, they bomb the White house." I also have some wide stops. My stops are varying in timeframes, only when I load first entries, they are tight. Ofc would be the best to be mentally superstrong and all swing trades do manually, but.. again...toilet case fackup can be expensive. Like Fukushima etc...
"I know one thing, that I know nothing." Sokrates
  • #993,377
  • May 26, 2015 10:52pm May 26, 2015 10:52pm
Quoting Tom_D_Trader
{quote} I know this is gonna end up in the bin as always, but I got this saying: "The second you go to toilet, they bomb the White house." I also have some wide stops. My stops are varying in timeframes, only when I load first entries, they are tight. Ofc would be the best to be mentally superstrong and all swing trades do manually, but.. again...toilet case fackup can be expensive. Like Fukushima etc...
thanks, how true.
  • #993,378
  • May 26, 2015 10:54pm May 26, 2015 10:54pm
Quoting verified
one question here. if someone is mentally strong enough wouldn't it be better to use a very large stop by default ( a 50 - 100 pips intraday stop will not be hunted by a broker most likely, IMO, but if the hell breaks loose you might be happy about this SL ) and handle the SL by yourself ?
I don't think I'm all that "mentally strong" yet, but yeah.... that's what I do. I almost never use a small S/L, but I DO use an "emergency" one. Yeah, like 50 pips usually. I may never have considered that had it not been for what the crazy Swiss did in mid January, but since then... (and I know even 50 pips wouldn't have helped on that day, but AT LEAST I could have gone back later and argued with my broker that I TRIED to do the right thing by having a S/L in place.)
  • #993,379
  • May 26, 2015 10:55pm May 26, 2015 10:55pm
as for my style of trading, I make sure I place a trade that I can handle. if I enter a trade and it goes into some serious drawdown, when it reaches around 15-20% drawdown on my account ill start to kick in using my still free liquidity to place trades on other currency pair which I think has high chance of making profit.
so unless im very wrong, and being consecutively wrong in 5 currency pair's views then im screwed but this hasn't happen and till now I havent had to take action into having to enter a trade to cushion the drawdown incurred by the first trade. very often im capable of holding the trade out.
but this leaves me open to situation where if I placed a trade in the wrong direction and USDCHF dropped 3000 pips in seconds, then im in trouble. but im smart enough not to be trading or playing with something as manipulated as the Swiss Franc back then.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,380
  • May 26, 2015 11:00pm May 26, 2015 11:00pm
Quoting fxtyrant
as for my style of trading, I make sure I place a trade that I can handle. if I enter a trade and it goes into some serious drawdown, when it reaches around 15-20% drawdown on my account ill start to kick in using my still free liquidity to place trades on other currency pair which I think has high chance of making profit. so unless im very wrong, and being consecutively wrong in 5 currency pair's views then im screwed but this hasn't happen and till now I havent had to take action into having to enter a trade to cushion the drawdown incurred by...
This is off-topic, but...

I've tried to find a video, ANY video, where someone happened to be live-streaming that crash in real-time, as it happened. I've yet to find one. I just think it would be fascinating to watch... in a morbid kind of way, of course.
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