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  • #1,075,621
  • Sep 13, 2016 4:21pm Sep 13, 2016 4:21pm
Quoting FxLogix
So, maybe the .. Hey, I've got a business to run, too. The "market" is not the only entity running a business here. Time is money.
What business is that, yours?ÂÂ
ÂÂ
Â
Quoting F.g
3:35 = 1.12 17 that's as far as it can go. The only thing I see now is the downside potential. Different eyes wear different glassesÂMy SL is very far @ 1.12 61 . I will be surprised if it goes above 1.12 30. Timewise we are due for a reversal .
Hi pal. I'm prepared for a spike to 1250. Sell more there. Spike is the name of the game
Beware of robber banks (RB), bad advisors.
  • #1,075,622
  • Sep 13, 2016 4:23pm Sep 13, 2016 4:23pm
Quoting KillerWhale
{quote} Not always
Time is Time....
A lion doesn't concern itself with the opinion of sheep.
  • #1,075,623
  • Sep 13, 2016 4:36pm Sep 13, 2016 4:36pm
Quoting martin-trade
{quote} Time is Time....
Just look at the Forbes billionaires list.

Most of them are 70+ years old
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  • #1,075,624
  • Sep 13, 2016 4:38pm Sep 13, 2016 4:38pm
Quoting KillerWhale
{quote} Not always

The way I trade it is for me. Capital wasting time on the sideline is not contributing to growth. Capital in recovery means time that could be spent growing capital is merely recovering capital. No capital is lost but time is unrecoverable. Ergo, time is money.
FXLogix - The Dawn of the Modern Era in Currency Trading
  • #1,075,625
  • Sep 13, 2016 4:38pm Sep 13, 2016 4:38pm
Quoting FxLogix
{quote} A re-entry Long would be gladly commenced at 1.1088 and the DG Structure gives the time frame for the Recovery Phase to resolve itself. It is all a matter of Scale and Time:
So you keep entering new recovery phases with successively longer TPs until such time as the system is back into profit? Do you close the previous trades or are they all left open and closed at the end?
A lion doesn't concern itself with the opinion of sheep.
  • #1,075,626
  • Sep 13, 2016 4:47pm Sep 13, 2016 4:47pm
Quoting KillerWhale
{quote} Just look at the Forbes billionaires list. Most of them are 70+ years old
Yep, and they would trade it all in for just a bit more time.
A lion doesn't concern itself with the opinion of sheep.
  • #1,075,627
  • Sep 13, 2016 5:03pm Sep 13, 2016 5:03pm
Quoting martin-trade
{quote} So you keep entering new recovery phases with successively longer TPs until such time as the system is back into profit? Do you close the previous trades or are they all left open and closed at the end?

If I'm in what is essentially a dollar cost averaging mode then total traded capital per trade will equal the loss rate of the system. If the system has a loss rate of 15%, then per trade basis is 15% of total capital available for trading. This produces a slower rate of overall growth, but it enables the maximum amount of flexibility in Recovery Phase options relative to the amount of capital used in each Recovery Phase re-entry. In other words, money management is directly tied to the performance of the system. In this mode all trades remain open.

If I'm in a more aggressive mode then I set 50% of account balance as available trade capital and then use 75% of the the total accuracy rate of the system multiplied by that 50% of the account balance to determine the per trade basis. If the system is running at 90% accuracy, then 67.5% of 50% available trade capital is used per trade an the remainder used as part of the Recovery Capital, while the rest of the Recovery Capital comes from that which was made available again by closing the initial trade.

The mode is going to depend on system performance in either case.
FXLogix - The Dawn of the Modern Era in Currency Trading
  • #1,075,628
  • Sep 13, 2016 5:09pm Sep 13, 2016 5:09pm
Quoting FxLogix
{quote} The way I trade it is for me. Capital wasting time on the sideline is not contributing to growth. Capital in recovery means time that could be spent growing capital is merely recovering capital. No capital is lost but time is unrecoverable. Ergo, time is money.
You're an idiot, 10 years from now you will think totally different.

I've been there, I've done it.
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  • #1,075,629
  • Sep 13, 2016 5:11pm Sep 13, 2016 5:11pm
Quoting martin-trade
{quote} Yep, and they would trade it all in for just a bit more time.
That's a very good one!!!!!
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  • #1,075,630
  • Sep 13, 2016 5:14pm Sep 13, 2016 5:14pm
Quoting martin-trade
{quote} Yep, and they would trade it all in for just a bit more time.

But, if they traded it all in, they would simultaneously lose time. What gives them the time now is the money, as the money gives them the options to determine how they will spend their time. Ergo, fully circle - time is money and money is time. Else, you are spending all your time figuring out how to get the money.

The question: "Which would you rather have, time or money?", is pretty clear in a capitalistic society. If we are talking about a different kind of economic paradigm then that might suggest a different kind of reply. But, if the paradigm has at its core an economic model based on capitalism, then hands down and pass the broccoli covered in cheese, money is the thing I want most, because that will enable me to freely decide how I will spend my time. Else, I will have no choice but to spend considerable amounts of time in exchange for money to pay for just the basic necessities in life. Anything extra in life will require even more personal time being spent on obtaining the means to procure those things.

Make no mistake about it, show me the money and I will have options on my time unseen by those without out it.
FXLogix - The Dawn of the Modern Era in Currency Trading
  • #1,075,631
  • Sep 13, 2016 5:17pm Sep 13, 2016 5:17pm
Quoting KillerWhale
{quote} You're an idiot, 10 years from now you will think totally different. I've been there, I've done it.
Maybe if you had traded better 10 years ago, you would not be online calling someone who has used trading to develop more time that he's an idiot and thus, time would now be on your side. Your experience with Time and Money will vary, in direct proportion to your ability to use both.
FXLogix - The Dawn of the Modern Era in Currency Trading
  • #1,075,632
  • Sep 13, 2016 5:40pm Sep 13, 2016 5:40pm
Quoting FxLogix
{quote} But, if they traded it all in, they would simultaneously lose time. What gives them the time now is the money, as the money gives them the options to determine how they will spend their time. Ergo, fully circle - time is money and money is time. .
Well, I guess we all have different priorities....

But I would trade every last thing I owned, including the shirt off my back, for the opportunity to rewind the clock..... maybe to my late teens....
A lion doesn't concern itself with the opinion of sheep.
  • #1,075,633
  • Sep 13, 2016 5:40pm Sep 13, 2016 5:40pm
Quoting KillerWhale
{quote} You gotta take it when you see a chance, the whole Britex was a thing everyone could expect. GBP is still nervous so I take little scalps at the moment. Funny thing, I have not even looked at the Euro last few days.
Hi Killer W.  Did you take time off, like 2 months?  Or biiig holiday
 
Are u long or short BTW?
Beware of robber banks (RB), bad advisors.
  • #1,075,634
  • Sep 13, 2016 5:43pm Sep 13, 2016 5:43pm
Quoting FxLogix
{quote} Maybe if you had traded better 10 years ago, you would not be online calling someone who has used trading to develop more time that he's an idiot and thus, time would now be on your side. Your experience with Time and Money will vary, in direct proportion to your ability to use both.
Still an idiot
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  • #1,075,635
  • Sep 13, 2016 5:46pm Sep 13, 2016 5:46pm
Quoting Not-KPMG
{quote} Hi Killer W. ÂÂ Did you take time off, like 2 months? ÂÂ Or biiig holiday ÂÂ Are u long or short BTW?
Lol yes, for me, time is not money, I went on a long vacation to Europe and Canada and Hawaii.

All paid with money I made in currencies years ago.
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  • #1,075,636
  • Sep 13, 2016 5:49pm Sep 13, 2016 5:49pm
Quoting Not-KPMG
{quote} Hi Killer W. ÂÂ Did you take time off, like 2 months? ÂÂ Or biiig holiday ÂÂ Are u long or short BTW?
I'm waiting to go long GBP
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  • #1,075,637
  • Sep 13, 2016 5:57pm Sep 13, 2016 5:57pm
Quoting martin-trade
{quote} Well, I guess we all have different priorities.... But I would trade every last thing I owned, including the shirt off my back, for the opportunity to rewind the clock..... maybe to my late teens....

What would you do different, if you could?
FXLogix - The Dawn of the Modern Era in Currency Trading
  • #1,075,638
  • Sep 13, 2016 5:59pm Sep 13, 2016 5:59pm
Quoting KillerWhale
{quote} Still an idiot
An idiot in complete control of his time and not an Economic Slave. I'll double down on that kind of idiocy any day of the week, month or year - including leap year.

When you master your time, you stop being the idiot and you start being the Master.
FXLogix - The Dawn of the Modern Era in Currency Trading
  • #1,075,639
  • Sep 13, 2016 6:04pm Sep 13, 2016 6:04pm
Just reconsidered my shorts. If it drops below 1.12 fast I'll add more. My third TP 1.1025.
Other ideas?
And a little thing i downloaded yesterday
Green colour - so calming
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Beware of robber banks (RB), bad advisors.
  • #1,075,640
  • Sep 13, 2016 6:07pm Sep 13, 2016 6:07pm
Quoting FxLogix
{quote} An idiot in complete control of his time and not an Economic Slave. I'll double down on that kind of idiocy any day of the week, month or year - including leap year. When you master your time, you stop being the idiot and you start being the Master.
Time will tell, but I'm sure we won't see you here in 2 years from now.
I've seen so many people come and go here you won't believe it.
But I'm still alive after 11 years trading.
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