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  • #1,054,881
  • Feb 6, 2016 12:47pm Feb 6, 2016 12:47pm
lol at the above conversations
  • #1,054,882
  • Feb 6, 2016 12:51pm Feb 6, 2016 12:51pm
Quoting DasPips
Any of you guys ever have really pushy signal service providers trying to contact you via phone / email? WTF did these people get my contact info from?

Most likely your broker. Valid contact information for a person who is trading is highly valuable to a company wanting to target their marketing efforts to only those who have a verified interest. Of course your broker will never admit to selling your information. Your "privacy" is important to them.
  • #1,054,883
  • Feb 6, 2016 1:30pm Feb 6, 2016 1:30pm
My Question is.. will the 1.1116 level hold next week... and use it as a springboard to 1.1440... or will it break down and fall back to 1.0827 level of support..

we will see... i strongly suspect it will not hold seeing as every other currency is falling against the usd.. Let the price action decide.
  • #1,054,884
  • Edited 3:05pm Feb 6, 2016 2:20pm | Edited 3:05pm
Just a video of my profit and loss by trade and cumulative (ES trades only). Started week poorly but recovered very nicely.

I do a combination of actual speculative trades, and then I do some bid/ask scalping for small profits (meaning, I place a limit order on both the bid and the ask, and usually they are both filled quickly). For example, bid is 1903.50, and ask is 1903.75. Someone hits my bid with a market order, and then I'm long. Almost immediately, someone else hits the ask with a market order, and my long is closed for 0.25 points (-0.08 points of commission). Can make a lot of money doing this but you should do it in the direction of the current 5minute bar or it won't be profitable. Still, made more money with the actual trades, but the bid/ask scalping is something I do on the side for additional profits.

When the exit name is blank, it means the position was closed using a limit order. When it says "close", it means I used a market order.

Will make a video of me day trading the ES next week, with pit commentary and audio
(its just interesting and is more fun than listening to nothing, pit volume is about 1% of the ES)

The reason there is so many trades is because of the bid/ask scalping (often 100 in a day, for 0.25 points each) and also, I scale in 5+ times per position and scale out just as many times.

http://www.twitch.tv/forexteacher/v/41469037
Be hopeful in a winning position, and fearful in a losing position.
  • #1,054,885
  • Feb 6, 2016 2:34pm Feb 6, 2016 2:34pm
Quoting rahulkghosh
41 pairs.
Great, brought you to -69% now... you are making good progress, -35% 2 weeks ago, then -50%, -67%, now -69%... you should add more pairs to speed up the margin call
  • #1,054,886
  • Feb 6, 2016 2:46pm Feb 6, 2016 2:46pm
Quoting Ken A
What's the benefit for hacker to steal money from my trading account to my bank account?
I don't think hackers would be interested in hacking demo accounts
  • #1,054,887
  • Feb 6, 2016 3:40pm Feb 6, 2016 3:40pm
Going long at 1.11560 Tp: 1.12 and sl: 1.10611. Let`s see how it plays out next week
  • #1,054,888
  • Feb 6, 2016 3:55pm Feb 6, 2016 3:55pm
Quoting geektrader
{quote} Great, brought you to -69% now... you are making good progress, -35% 2 weeks ago, then -50%, -67%, now -69%... you should add more pairs to speed up the margin call
I'm adding six more pairs over the next 2 weeks.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #1,054,889
  • Feb 6, 2016 4:08pm Feb 6, 2016 4:08pm
RuhRoh
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #1,054,890
  • Edited 4:38pm Feb 6, 2016 4:21pm | Edited 4:38pm
Quoting Rag2RichesFX
Just a video of my profit and loss by trade and cumulative (ES trades only). Started week poorly but recovered very nicely. I do a combination of actual speculative trades, and then I do some bid/ask scalping for small profits (meaning, I place a limit order on both the bid and the ask, and usually they are both filled quickly). For example, bid is 1903.50, and ask is 1903.75. Someone hits my bid with a market order, and then I'm long. Almost immediately, someone else hits the ask with a market order, and my long is closed for 0.25 points (-0.08...
so you capture trading results.great.and for what......? (what or why f*ck my english)
  • #1,054,891
  • Feb 6, 2016 4:32pm Feb 6, 2016 4:32pm
details,toomuch details
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  • #1,054,892
  • Feb 6, 2016 8:53pm Feb 6, 2016 8:53pm
Anyone remember discussing this guy and how very soon his perma bear EURO dollar cost averaging (and never closing underwater positions) was going to blow him up? I dollar cost average too (sometimes), but I always have an ultimate stop loss for all the trades. I know when I'm wrong. I wonder if he will ever close his Euro shorts or just keep adding to them as it trades up to 1.24 and he blows the entire account. Hes wrong and he needs to get out before this gets much worse. This move has set him back 7 months of gains. I just knew this EUR rally was coming and I really hoped he got out before it happened (I hate seeing people lose big amounts of money).

I would have closed out when 1060 was taken out, but nope, he just keeps on adding to them. Negative 559k.. ouch. 14% drawdown. If it rallies another 300 pips to 1450, hes looking at 1.2 million drawdown, and that's assuming he doesn't add anymore positions.

http://www.myfxbook.com/members/FXVi...markets/960020
Be hopeful in a winning position, and fearful in a losing position.
  • #1,054,893
  • Feb 6, 2016 9:10pm Feb 6, 2016 9:10pm
The red circle is where EU should trade before (if) it moves to 9595 area.
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Be hopeful in a winning position, and fearful in a losing position.
  • #1,054,894
  • Edited 9:42pm Feb 6, 2016 9:24pm | Edited 9:42pm
Quoting Rag2RichesFX
Anyone remember discussing this guy and how very soon his perma bear EURO dollar cost averaging (and never closing underwater positions) was going to blow him up? I dollar cost average too (sometimes), but I always have an ultimate stop loss for all the trades. I know when I'm wrong. I wonder if he will ever close his Euro shorts or just keep adding to them as it trades up to 1.24 and he blows the entire account. Hes wrong and he needs to get out before this gets much worse. This move has set him back 7 months of gains. I just knew this EUR rally...
Him trading the way he trades, and not the way you think he should trade has served him pretty well over the past 3 years...
  • #1,054,895
  • Feb 6, 2016 10:38pm Feb 6, 2016 10:38pm
Wow Millions?!!! Rags to Riches what broker do you use?
  • #1,054,896
  • Feb 6, 2016 11:28pm Feb 6, 2016 11:28pm
Quoting Rag2RichesFX
Anyone remember discussing this guy and how very soon his perma bear EURO dollar cost averaging (and never closing underwater positions) was going to blow him up? I dollar cost average too (sometimes), but I always have an ultimate stop loss for all the trades. I know when I'm wrong. I wonder if he will ever close his Euro shorts or just keep adding to them as it trades up to 1.24 and he blows the entire account. Hes wrong and he needs to get out before this gets much worse. This move has set him back 7 months of gains. I just knew this EUR rally...
I've traded like that for years and did about 15-30% yearly, but I have difficulty trading that way as I don't like holding negatives that long. It works best with positive swap, more leverage, and smaller lots, so as to trade more positions (or pairs), at least in my experience. I view it as a decent way to trade without a short term edge, but I shy away from that approach as it doesn't fit me.
  • #1,054,897
  • Feb 7, 2016 12:19am Feb 7, 2016 12:19am
Quoting gatorinla
{quote} i said 1.1115.. that a very simple question you already know the answer too. so why ask? not really in that camp myself.. 0788 has a decent shot.. usdx did its norm as did eu to test the eu low. meanwhile the gdp fu last year created 1.2470. pull a fib from 0462 to 1.2470 see if 1.17xx falls in place as well as others. that gdp fu has now been acknowledged.. i treat it as a anomaly. just like any bogus information in the market. it tends to continue to where it was headed before.. the problem is dragis and the ecb unwilling to let reality...
Gator you always mention the 1.2470 number, where did you get that number from?
  • #1,054,898
  • Feb 7, 2016 1:19am Feb 7, 2016 1:19am
Quoting Rag2RichesFX
Anyone remember discussing this guy and how very soon his perma bear EURO
woah poor buddy. he's holding shorts on all his accounts. i don't get it.

Quoting Rag2RichesFX
The red circle is where EU should trade before (if) it moves to 9595 area.
That caught my eye since the start of november. So far a bottom is in place, but since on weekly TF fundamentals play the big role, i'm not cool with allocating capital to such long term moves. draghi farts and it's out the window. 1.2+ looks natural and a fair price structure.

post #1033851

good to know we're looking at the same thing. have a great week!
  • #1,054,899
  • Edited 3:17am Feb 7, 2016 2:06am | Edited 3:17am
Quoting gatorinla
{quote} we didnt have all twitter etc in the past. more information is available than ever before. those groups of people tend to be in a similar view. a bird watching group tends to talk about bird watching. they tend to think more closely to one another. the bird watching group, may not have the same outlook as a duck hunters group (in the same age range). i could imagine a group of 50+ unemployed, gravitating to other 50+ year unemployed. when they are not going to the "hot and 50" websites, looking for a billionaire mate. look at the porn industry,...
Baltic Dry Index is down. Walmart is closing stores. Orders for new trucks continue to slump. Doesn't look to me like signs that the economy is getting stronger...

4.9% should be close to technical full employment (due to frictional unemployment) but this http://www.nytimes.com/2016/01/02/bu...work.html?_r=0 and this http://freebeacon.com/uncategorized/...es-in-january/ does not say full employment to me. These two things go together by the way. Women are working less, and it is women who do most of the purchasing. And 'stuff' is not moving, judging by the Baltic dry index, Walmart, and new truck orders.

( I wouldn't blame the people shopping at Walmart though. Most people in our day and age will go for 'cheap' over quality, or at least they would have in the beginning when they were used to getting high quality stuff and it hadn't occurred to them that the new stuff they were buying was going to last 1/3 of the time the old stuff they were used to had. I'd be more inclined to blame trade agreements, tax laws and consumer education groups.)
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  • #1,054,900
  • Feb 7, 2016 2:53am Feb 7, 2016 2:53am
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