{quote} Sorry, no sailing for me, although I can understand the allure. Have a great Holiday weekend!
Just figured with all those vacations you may be sailing
- #2,301
- Jul 3, 2015 5:40pm Jul 3, 2015 5:40pm
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
Just figured with all those vacations you may be sailing
- #2,302
- Jul 3, 2015 7:02pm Jul 3, 2015 7:02pm
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #2,303
- Jul 3, 2015 10:21pm Jul 3, 2015 10:21pm
- Joined Dec 2012 | Status: Trader | 8,124 Posts
So, let's say this. I will never understand ff.
You post charts and setups and no one cares. Sometimes, to the pip.
You talk nonsense and everyone loves it.
You post charts and setups and no one cares. Sometimes, to the pip.
You talk nonsense and everyone loves it.
The world you desire can be won. It exists.. it is real.. it is possible..
- #2,305
- Jul 4, 2015 5:08am Jul 4, 2015 5:08am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
So, let's say this. I will never understand ff. You post charts and setups and no one cares. Sometimes, to the pip. You talk nonsense and everyone loves it.
Happy Independence Day Scott! (and all)
Ghost Rider - WWTBMD?
- #2,307
- Jul 4, 2015 5:20am Jul 4, 2015 5:20am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
A definite side effect (if not the main purpose) behind a trading forum such as this. However, it's such a large battlefield I'm not afraid of waving my little flag. If I were trading serious amounts (millions or more) that might be different. 
Ghost Rider - WWTBMD?
- #2,308
- Jul 4, 2015 8:30am Jul 4, 2015 8:30am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} "Ego" .
“The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum possible drawdown.”
“Don’t be a hero. Don’t have an ego. Always question yourself and your ability. Don’t ever feel that you are very good. The second you do you’re dead."
{quote} Folks only care about what they understand and/or can identify with.
The world you desire can be won. It exists.. it is real.. it is possible..
- #2,309
- Jul 4, 2015 10:46am Jul 4, 2015 10:46am
- Joined Apr 2014 | Status: Trader | 2,417 Posts
{quote}
Also an ugly gartley to the pip
It's all about bucks, kid. The rest is conversation.
- #2,310
- Jul 4, 2015 11:17am Jul 4, 2015 11:17am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #2,311
- Jul 4, 2015 11:49am Jul 4, 2015 11:49am
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
So, let's say this. I will never understand ff. You post charts and setups and no one cares. Sometimes, to the pip. You talk nonsense and everyone loves it.
As for myself with your charts specifically- I take notes, lots of notes- and when you and I have confluence, my risk tolerance doubles to 1%
Happy 4th!
Been dunking on the rest of the world for 200+ years! (all jokes of course)
- #2,312
- Jul 4, 2015 2:35pm Jul 4, 2015 2:35pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
{quote} Good point and I forget about that here in ff.....Ego?! Get rid of it! Confidence, yes, but ego, no! Sometimes, you will be wrong. Actually, maybe a lot..... The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum possible drawdown. Dont be a hero. Dont have an ego. Always question yourself and your ability. Dont ever feel that you are very good. The second you do youre dead." {quote}...
Hope for the best, but plan for the worst. - #2,314
- Jul 4, 2015 3:32pm Jul 4, 2015 3:32pm
- Joined Apr 2014 | Status: Trader | 2,417 Posts
How many times do we see cable break the lows before heading up. Maybe this way? Would need to cover the 113 which would make an alt shark. {image}
It's all about bucks, kid. The rest is conversation.
- #2,315
- Jul 4, 2015 3:44pm Jul 4, 2015 3:44pm
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} I stopped watching cable towards the end of the day as my brokers spreads went crazy for some reason. But looking now at the micro it made the move right at the end almost making a butterfly in the process and after hitting a bat on the upside. Wild finish. For little people. {image}
Good call Ben, smaller valid gives credence/confluence to larger. Hit that fib we discussed.
The world you desire can be won. It exists.. it is real.. it is possible..
- #2,316
- Jul 5, 2015 5:17am Jul 5, 2015 5:17am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} No disrespect with anyone here but without actually stating a position just showing patterns is not good enough.We don't know how much the author believes his own patterns and charts without staking a position (did he go short,long? risk his own money?)otherwise trading is lot easier because one can always come back and say I posted chart to a pip.Its more like demo trading its lot easier then real money involved. Most often I post my positions because otherwise it would be pointless.Do I believe GU will test 56 from 57?So did I stake...
.. You may be missing the point behind the thread here? It's not about "calls" or proving ones trading results on positions taken i.e. (imho) EGO. It's about learning to identify areas of interest (yes, often times to the pip) for entries and or exits. Unlike standard swing trading which you know I do and like , it's more focused on precise entries and calculated potential distance one can expect to see price move from there. Basically it's like building into a swing as you and I do, without all the first, second and at times third & fourth entries on the board.In my humble book, standard swing trading is more a shotgun approach where as this is sniper style. Focused on a precise target, waiting for that opportunity and then one shot taken with a quick clean kill.
One only needs to look back at the projections (patterns) to see how they played out. Far more often than not you'll see they do very nicely. It all equates to less DD and less time waiting (hoping) price eventually runs our way.
Hope you (and everyone) had a great weekend!
Ghost Rider - WWTBMD?
- #2,317
- Jul 5, 2015 5:32am Jul 5, 2015 5:32am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Dudes my comments are not directed at anyone within this thread. I have seen other threads full of posts regarding the above. Much like face book where people post on checking in location and what they had for dinner.
.... 
Ghost Rider - WWTBMD?
- #2,318
- Jul 5, 2015 7:56am Jul 5, 2015 7:56am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
So, let's say this. I will never understand ff. You post charts and setups and no one cares. Sometimes, to the pip. You talk nonsense and everyone loves it.
.Keep up the good work man.
Btw, my poor ego slowly dying. I kinda liked that part of me...but whatever...can find better hobby then beeing egoistic prick. All traders will learn in time. If the wont, they are gonna burn.
Both charts got me overkilled, especially that gold. Sight. Now reloaded again but my poor ego got another hit. Am wondering if this happens to me more often, if there will be any ego left or I destroy it all. Hoping you have managed that move well. I also curse Nikkei. Poor Japans. Thats gonna hurt once it bursts.
Am ready to wait for quite some time though, say week or two as Oil is heading for correction. 60s held (partially it was those Oil inventories, but there are more signs for correct and TA agrees) and in my charts is not a good sign for USD bears. Also Gold seems pretty much breaking lows. It could all be accounted to Greece mess, but I have stated already few times consider Greece too small to have major impact on markets and default scenarios pretty much already priced in.
Funny thing here is...now hike expectations are in the table - much more than Greece. Apart they are gonna cause outflow of investment cash from US - beeing actually main part of my long term trading plan..short term its gonna trigger equities correction all across the board, and ofc mostly US. And US equities sell = USD buy..so..not like I was expecting break of lows on EU, but targets like 1,075 and GU 1,528 dont seem to be too far away and PA can be stuck in extended chop - say 1,14 - 1,075 till first wave of hikes. So in essence, better take vacation near water.
GL in the meanwhile, T
"I know one thing, that I know nothing." Sokrates
- #2,320
- Jul 5, 2015 8:24am Jul 5, 2015 8:24am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} Lol Scott, we love your posts. But see, if we were cheering too much after every good call, your ego could arise and then you would be posting bad calls
No problems, my complaint was not about me or even this thread.
Was about ff in general and how quality posts get drowned out by nonsense and chest beating. (Wasn't here) Still drives me crazy 
as I saw some good ideas/charts posted and no one really said anything, then couple of wingnuts get together and away we go..... Guess I left it open to interpretation and.....Oh well, should have been more clear, but hey, I am on vacation and been partying a bit....
The world you desire can be won. It exists.. it is real.. it is possible..