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  • #1,057,001
  • Feb 17, 2016 1:52am Feb 17, 2016 1:52am
Quoting MaxDoom
shorted r1. 1.1182
What broker are you using if you don't mind me asking; It only went to 1.11795 for me (Oanda)
Why sell the bottoms when you can buy the tops...
  • #1,057,002
  • Feb 17, 2016 1:52am Feb 17, 2016 1:52am
Quoting MaxDoom
shorted r1. 1.1182
high 1177
  • #1,057,003
  • Feb 17, 2016 1:54am Feb 17, 2016 1:54am
We all have different highs as it seems, brokers paradise.
  • #1,057,004
  • Feb 17, 2016 1:54am Feb 17, 2016 1:54am
Quoting JustAndy
{quote} Babysitting a long EU at the moment that I took after midnight; Looks pretty bullish to me for next couple of days but we'll see on how it reacts to a couple of levels and we'll go from there since you can make money both ways...or lose for that matter. Had a really nice ride yesterday from GU- 196p As for the 0.01 lot size...you know my opinion on that one, money is money and a buck even if just a buck is still money.
i agree with you on the bullishness but not the time frame,today being Fomc minutes we might just spike the area i have marked,weekly already looks like it has gotten rejected,we have a lower low on the h4 chart.
There is divergence in MACD hourly but i think volatility if it comes today can skip a few days worth of head banging,and we may get a chance for good sells higher up.
Take Care.
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  • #1,057,005
  • Feb 17, 2016 1:56am Feb 17, 2016 1:56am
Quoting JustAndy
{quote} What broker are you using if you don't mind me asking; It only went to 1.11795 for me (Oanda)
Max is broker him self , he can buy and sell where ever he wants
  • #1,057,006
  • Feb 17, 2016 1:58am Feb 17, 2016 1:58am
That's my r1 level. Short is 1.11776
  • #1,057,007
  • Feb 17, 2016 1:58am Feb 17, 2016 1:58am
thought id post my results this month, because it's the best i've ever had. inspiration. it's hard to see the power of compound interest until the numbers start getting bigger. i still have less than a million to trade with. but that will change in due time.

thanks to the GBP trade for 450 pips, i have a much bigger cushion than i was used to, and really hit it big with many trades after this (i am always willing to risk large percentages of profit to make more profit... it's the same concept as let your winners ride. scale up, and scale up big).


closed my UJ and crude longs, but will reload both crude and UJ soon as they approach a double bottom.

crude was probably the best (bought at 27), next followed by UJ (111.90)


trade number is so high because of all the scalping and partial fills (if i sell 10 lots and i hit 10 separate 1 lots on the bid, it's considered 10 trades)




i'm long EU from 1150, risk 30 to make 200+

i got this feeling that even if draghi expands QE, the EUR wont be affected much.
we need to see FED continuing rate hikes for EUR to be heavily bearish again.
this is primary reason EUR dropped to begin with (market expected tightening cycle).
and it's also why EUR is rallying (market doesn't expect hikes now)

and the chance of Fed hiking is 3.7% until December 2016, where it's raised to only 11.9%
the chance of a rate CUT is now higher than a rate HIKE.
market FINALLY calling the Feds bluff (rate hike cycle)

so I just don't see any case for EU bears (other than technical pullbacks), until

a) much higher price

b) a combination of ECB expansion to 80 billion Euros, and 6 months extended duration, coupled with Fed hiking another 25bps
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #1,057,008
  • Feb 17, 2016 2:00am Feb 17, 2016 2:00am
Quoting Connors
{quote} Is that a future contract Max,my high has been 1.11783.
He probably mean he shorted at 1.1172 while Price can not reach R1 and he entered trade at level of previous bar high while going down.
He is old but still has sensitive trigger finger
Or typo
  • #1,057,009
  • Feb 17, 2016 2:08am Feb 17, 2016 2:08am
Quoting Rockerzeus
{quote} He probably mean he shorted at 1.1172 while Price can not reach R1 and he entered trade at level of previous bar high while going down. He is old but still has sensitive trigger finger Or typo

He responded man, shorted @1.1177. I tought my broker was playing tricks on me. You in any trade mate?
  • #1,057,010
  • Feb 17, 2016 2:08am Feb 17, 2016 2:08am
http://www.forexfactory.com/showthre...96#post8758696

Pending short.

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___________________________________________
>> Quinton’s Simple & Effortless Trading thread
  • #1,057,011
  • Feb 17, 2016 2:21am Feb 17, 2016 2:21am
Quoting Connors
{quote} He responded man, shorted @1.1177. I tought my broker was playing tricks on me. You in any trade mate?
I saw it after my post. Yes I am in. Short EU some of them in the money some of them underwater
  • #1,057,012
  • Feb 17, 2016 2:28am Feb 17, 2016 2:28am
Quoting Rag2RichesFX
thought id post my results this month, because it's the best i've ever had. inspiration. it's hard to see the power of compound interest until the numbers start getting bigger. i still have less than a million to trade with. but that will change in due time. thanks to the GBP trade for 450 pips, i have a much bigger cushion than i was used to, and really hit it big with many trades after this (i am always willing to risk large percentages of profit to make more profit... it's the same concept as let your winners ride. scale up, and scale up big)....
press em when your hot, not when your not....thats how you make any decent Money in this business....nice work, looks like your buying the next few rounds..
Look Sharp/Trade Tight
  • #1,057,013
  • Feb 17, 2016 2:29am Feb 17, 2016 2:29am
Quoting MaxDoom
{quote} Not the right place please remove post
link is still in your quote so it is better you edit your reply and delete link there
  • #1,057,014
  • Feb 17, 2016 2:30am Feb 17, 2016 2:30am
Quoting Rockerzeus
{quote} link is still in your quote so it is better you edit your reply and delete link there
All done. How are you doing
  • #1,057,015
  • Feb 17, 2016 2:30am Feb 17, 2016 2:30am
Quoting Ken A
{quote} Why you want to weed out bad traders
To improve profitability and remove"emotional trades"
HumbleTraders
  • #1,057,016
  • Feb 17, 2016 2:32am Feb 17, 2016 2:32am
Quoting MaxDoom
{quote} All done. How are you doing
Thanks, I am fine so far. How about you? Still building your castle?
  • #1,057,017
  • Feb 17, 2016 2:33am Feb 17, 2016 2:33am
ES could retest highs (13 points from entry). stop 2 points

at least 5:1 r/r

close half and can make it a free trade. or if very confident in the trade, just let it all go.

if it cant continue higher probably will fall 12-15 points (1875ish) where i will definitely take another stab at it
(strong uptrend since end of last week low at 1802)
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Be hopeful in a winning position, and fearful in a losing position.
  • #1,057,018
  • Feb 17, 2016 2:33am Feb 17, 2016 2:33am
Good morning.
  • #1,057,019
  • Feb 17, 2016 2:36am Feb 17, 2016 2:36am
Quoting Rockerzeus
{quote} Thanks, I am fine so far. How about you? Still building your castle?
On the roof as I type
Trading chart free just have a note of my levels
  • #1,057,020
  • Feb 17, 2016 2:37am Feb 17, 2016 2:37am
Quoting Rockerzeus
{quote} link is still in your quote so it is better you edit your reply and delete link there
@Rockerzeus - Ken - Maxdoom - Goldfinch

Guys I'd like to ask you what would be an ideal set up for fast execution, hardware and internet connection wise. I have 100mb fiber int connection and a custom made 4 screen desktop with an i7 processor. Often times I miss the entries I'd like, it happens way too fast. What do you guys have? Any suggestions. I am checking Goldfinch's posts, I recall he was mentioning his set up in one of his posts but cant seem to find it.

I'd appreciate it very much if you could respond when convenient over here or pm me.
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