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  • #1,028,661
  • Sep 27, 2015 4:57pm Sep 27, 2015 4:57pm
Hmm that website must be off.
  • #1,028,662
  • Sep 27, 2015 5:23pm Sep 27, 2015 5:23pm
Why?

uptrend got broken on the daily chart and it will most probably test 1.50xxx and further ?
Quoting ill_be_back
Pending BUY GU 1,51530
  • #1,028,663
  • Sep 27, 2015 6:02pm Sep 27, 2015 6:02pm
Quoting Kribstreet
Why? uptrend got broken on the daily chart and it will most probably test 1.50xxx and further ? {quote}
Just scalping for a few before more DOWN
A good trader follows his rules, but great trader knows when to break them
  • #1,028,664
  • Sep 27, 2015 6:30pm Sep 27, 2015 6:30pm
DST... poor cows... why don't think of the COWS! #bovinepinealglandsmatter

http://www.ydr.com/ci_22749641/dairy...rows-cows-loop
Corripe Cervisiam!
  • #1,028,665
  • Sep 27, 2015 6:34pm Sep 27, 2015 6:34pm
Quoting Ken A
Is Aussie DST shifted +1 now? Anyone from Aussie?
No Aussie DST changes next weekend 4th Oct
  • #1,028,666
  • Sep 27, 2015 6:54pm Sep 27, 2015 6:54pm
Quoting jaxx80
{quote} For the last bearish move 1294 -> 1115, the norm was 1206 and after reaching it, the target should be 0935 -> (a+b)*2 ? Or I am calculating wrongly?
send me a chart.. yes about 1206... the thing is prier to that 1320 was there. the thing about 1115 is now you have a db using 1104 as a leg. that leg un-broken is still bullish for 1320. bears did close -1209 on the week and day, was/is bearish. the day has changed positions last week several times around 1209 with close. we still may see 1320 and the week can still close Friday below 1209 or more. 1320 is just a small chart. i try to wait for these to play out, not because i think its bullish.. but because even if wrong its cheaper to trade less and wait for the better possible trade. i could have used 1282 last week bounce (1282 bear norm), but the micro (bull target) for 1320 was valid last week and still is now.as long as it stays above 1104
those who can, do. those who cant, talk about those who can
  • #1,028,667
  • Sep 27, 2015 6:59pm Sep 27, 2015 6:59pm
Quoting gatorinla
{quote} but because even if wrong its cheaper to trade less and wait for the better possible trade
The statement above would have to be one of the best in the thread, well said Gator...
  • #1,028,668
  • Sep 27, 2015 7:38pm Sep 27, 2015 7:38pm
Quoting Bolter
{quote} No Aussie DST changes next weekend 4th Oct
Thanks

..........

No one short?
  • #1,028,669
  • Sep 27, 2015 8:49pm Sep 27, 2015 8:49pm
Quoting Ken A
.......... No one short?
I am... but I have been for awhile. Underwater, unfortunately. But I haz faith... c'mon 1.11!
  • #1,028,670
  • Sep 27, 2015 9:00pm Sep 27, 2015 9:00pm
Too early for me to do anything... Shorted Gold by going against my rule of not trading Sunday open...lets see
Quoting Ken A
{quote} Thanks .......... No one short?
  • #1,028,671
  • Sep 27, 2015 9:04pm Sep 27, 2015 9:04pm
Quoting Ratmach
{quote} I am... but I have been for awhile. Underwater, unfortunately. But I haz faith... c'mon 1.11!
I can't concentrate trading w/ floating underwater position waiting for price to come back- hence I use stop

Quoting Xxavier
Too early for me to do anything... Shorted Gold by going against my rule of not trading Sunday open...lets see {quote}
It might work

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  • #1,028,672
  • Sep 27, 2015 10:08pm Sep 27, 2015 10:08pm
Quoting Ken A
I can't concentrate trading w/ floating underwater position waiting for price to come back- hence I use stop
Yeah, I'm seriously considering starting to use stops. It's just that up till now, had I been using a stop on every trade, 9 out of 10 times it's turned out I'm better off NOT using them. But of course I'm sure you know the rest of the story.... it's that ONE out of 10 times that really messes things up. Anyway I'm learning... not nearly as bad as I used to be.
  • #1,028,673
  • Sep 27, 2015 10:19pm Sep 27, 2015 10:19pm
Quoting Ratmach
{quote} Yeah, I'm seriously considering starting to use stops. It's just that up till now, had I been using a stop on every trade, 9 out of 10 times it's turned out I'm better off NOT using them. But of course I'm sure you know the rest of the story.... it's that ONE out of 10 times that really messes things up. Anyway I'm learning... not nearly as bad as I used to be.
Not if the entry accuracy is above 90%

Even if less than 50%, if your stop is 10 -20 pips not difficult to recover in case of s/o

Where and when you shorted?
  • #1,028,674
  • Sep 27, 2015 10:29pm Sep 27, 2015 10:29pm
Quoting Ken A
{quote} Not if the entry accuracy is above 90% Even if less than 50%, if your stop is 10 -20 pips not difficult to recover in case of s/o Where and when you shorted?
Around 1.1120 Friday morning
  • #1,028,675
  • Sep 27, 2015 10:35pm Sep 27, 2015 10:35pm
Quoting Ratmach
{quote} Around 1.1120 Friday morning
1.1120 Friday morning was selling the bottom range
  • #1,028,676
  • Sep 27, 2015 10:39pm Sep 27, 2015 10:39pm
It really is that simple....

provided you have the balls to hold a position past 150 pips without closing.

10 pips x 10 stop outs is 100 pips.

Hold for 300, thats 30 tries. Rest is gravy and proper size trades.

Risk 2x 10 pip stopout....hold for 300, that's 60 tries.

Have a perfect setup....get 5-8 trades in there...x300 pips....well you get the point
  • #1,028,677
  • Sep 27, 2015 10:39pm Sep 27, 2015 10:39pm
Quoting Ken A
{quote} 1.1120 Friday morning was selling the bottom range
Yep...

(Only started this about a year ago. Went from consistently losing at first... to breaking even after a few months... to pretty consistently winning, albeit small trades, now. I guess that's progress? )
  • #1,028,678
  • Sep 27, 2015 10:45pm Sep 27, 2015 10:45pm
Quoting Pharm0r
It really is that simple.... provided you have the balls to hold a position past 150 pips without closing. 10 pips x 10 stop outs is 100 pips. Hold for 300, thats 30 tries. Rest is gravy and proper size trades. Risk 2x 10 pip stopout....hold for 300, that's 60 tries. Have a perfect setup....get 5-8 trades in there...x300 pips....well you get the point
Question, Do You Guys Place Trades Off Of Pivots? S/R? Candlestick Patterns? It Seems Like Your Entries Are Right On The Money! (& Ken) .. I feel liken i'm always late to the party when it comes to placing trades causing my sl to have to be a little bit higher..
Demo? What's A Demo?
  • #1,028,679
  • Sep 27, 2015 10:49pm Sep 27, 2015 10:49pm
Quoting Sayy29
{quote} Question, Do You Guys Place Trades Off Of Pivots? S/R? Candlestick Patterns? It Seems Like Your Entries Are Right On The Money! (& Ken) .. I feel liken i'm always late to the party when it comes to placing trades causing my sl to have to be a little bit higher..
Experience (with ken's / gators / rock / Hatch / etc help) gives me a good idea 80+ percent of the time it should turn at least enough to get BE. Others are just stopped out. Sometimes a lot of stop outs for a good entry. Losing five 10-pip stops for 1 runner to 150+ pips is 100+ pip profit. It's easier for me to think in pips than $. Dividable by .01/.10/1/10 lots for RR of 0.05% (half a percent, not 5 percent) loss per stop out (most times)

depending on your skill level, many of those potential stop outs are stopped at B/E +1. 10 trades a week stopped at b/e+1 is 10 pips a week, 40 pips a month. etc

BE+1's add up
  • #1,028,680
  • Sep 27, 2015 10:51pm Sep 27, 2015 10:51pm
Quoting Ken A
{quote} The progress should be entry and exit - not the waiting strategy for bad trade to turn green Not meant to criticize
No problem, at all. Yeah, you (and some others here) are no doubt right. And probably not just better chance at consistent profits over time either... also probably less stress, eh? Okay, lemme sleep on this tonight. I may start using stops tomorrow... if I do, I'll let you guys know.
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