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  • #6,281
  • Jan 25, 2017 8:17am Jan 25, 2017 8:17am
Quoting Tamarind77
{quote} Yeah Davit, thanks for the money tree Lets make more money
you know your avatar is one of my favorite Guzzies Griso
Either that or new BMW T9 is on my buy list.

Yes be positive and show stealth.Worse losses occur when going gets really good and easy and you put your guard down and wham get spanked.
Maintain the killer instinct.
In trading, you have to be defensive and aggressive at the same time
  • #6,282
  • Jan 25, 2017 8:34am Jan 25, 2017 8:34am
Quoting Davit
{quote} you know your avatar is one of my favorite Guzzies Griso Either that or new BMW T9 is on my buy list. Yes be positive and show stealth.Worse losses occur when going gets really good and easy and you put your guard down and wham get spanked. Maintain the killer instinct.
looks like we have same taste on motorcycle here, Griso have very beautiful engine design, that is why i like it.
RnineT is one of my favorite too, very beautiful boxer engine

Btw, many thanks for the warning, i will control it
I know one thing, that I know nothing - Socrates
  • #6,283
  • Jan 25, 2017 8:44am Jan 25, 2017 8:44am
Quoting Tamarind77
{quote} looks like we have same taste on motorcycle here, Griso have very beautiful engine design, that is why i like it. RnineT is one of my favorite too, very beautiful boxer engine Btw, many thanks for the warning, i will control it
I still ride even in winter....Got caught in snow slit few days ego in Boston.
MY old bike I sold. VFR800 gear driven cams sounds like a Ferrari.Missed that bike might buy it again. Honda stopped making gear driven cams bikes too expensive and early VFR are bullet proof and sound amazing.
Right now riding Honda old 750 air cooled. Love this too.
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In trading, you have to be defensive and aggressive at the same time
  • #6,284
  • Jan 25, 2017 8:54am Jan 25, 2017 8:54am
Quoting Davit
{quote} I still ride even in winter....Got caught in snow slit few days ego in Boston. MY old bike I sold. VFR800 gear driven cams sounds like a Ferrari.Missed that bike might buy it again. Honda stopped making gear driven cams bikes too expensive and early VFR are bullet proof and sound amazing. Right now riding Honda old 750 air cooled. Love this too. {image}
OMG VFR800, one of my friend own that bike, the sound is crazy, i love sound of that bike, with custom exhaust it sound very amazing.
Very nice bike Davit
I guess that old 750 is Honda CB750 Four K0, right?
I know one thing, that I know nothing - Socrates
  • #6,285
  • Edited 9:24am Jan 25, 2017 9:01am | Edited 9:24am
How do you think will NZD CPI data tomorrow affect AN? Will it have a tendency to whiplash to S200? I moved my micro SL further back just in case.
  • #6,286
  • Jan 25, 2017 9:04am Jan 25, 2017 9:04am
Quoting Tamarind77
{quote} OMG VFR800, one of my friend own that bike, the sound is crazy, i love sound of that bike, with custom exhaust it sound very amazing. Very nice bike Davit I guess that old 750 is Honda CB750 Four K0, right?
1992 nighthawk which I am planning to turn into cafe racer.Bullet proof bike I beat it everyday and starts right up.

Yeahh missed my VFR.There was nothing like it.Faster you go more stable it gets ,single sided swingarm is pretty sexy too.Only reason I sold for peanuts was someone run over it while parked damaging just about everything.I almost cried.Shit happens.I like the yellow version.

Anyway waiting for bounce on NU for scalp trade.

Still waiting AJ to come down to 85.This one is taking too long.
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In trading, you have to be defensive and aggressive at the same time
  • #6,287
  • Jan 25, 2017 9:25am Jan 25, 2017 9:25am
Quoting Davit
{quote} 1992 nighthawk which I am planning to turn into cafe racer.Bullet proof bike I beat it everyday and starts right up. Yeahh missed my VFR.There was nothing like it.Faster you go more stable it gets ,single sided swingarm is pretty sexy too.Only reason I sold for peanuts was someone run over it while parked damaging just about everything.I almost cried.Shit happens.I like the yellow version. Anyway waiting for bounce on NU for scalp trade. Still waiting AJ to come down to 85.This one is taking too long. {image}
nighthawk is new generation of cb750 four, first born in 1981.
Yes, right, i have same feeling when try on VFR my friend, very good bike
very sad about your VFR, hope someday you get that bike again
if talk about motorcycle, i cant stop. Im sorry Davit, for this out of topic
lets back to making more money
I know one thing, that I know nothing - Socrates
  • #6,288
  • Jan 25, 2017 10:26am Jan 25, 2017 10:26am
Quoting baroqz
How do you think will NZD CPI data tomorrow affect AN? Will it have a tendency to whiplash to S200? I moved my micro SL further back just in case.
Please read the thread specially on Mark Douglas which has been posted over and over again and even recently some pages back.
I don't need to know what is going to happen to make money.I don't know the future.My trading style is trade small and expect and plan for the worse.So to answer your question price can drop to 200 and I would not care.You see my SL is huge so not going to get stressed about data that I have no control.Did you notice 100S ? ok no more questions its clear right?Read the 1st page!!!
If you have less then 2 yrs experience I advise you leave this thread or you will be banned.
regards

read post 6219 posted by our friend Tamarind77


2. You don't need to know what is going to happen next in order to make money.
Why? Because there is a random distribution between wins and losses for any given set of variables that define an edge. (See number 3.) In other words, based on the past performance of your edge, you may know that out of the next 20 trades, 12 will be winners and 8 will be losers. What you don't know is the sequence of wins and losses or how much money the market is going to make available on the winning trades. This truth makes trading a probability or numbers game. When you really believe that trading is simply a probability game, concepts like right and wrong or win and lose no longer have the same significance. As a result, your expectations will be in harmony with the possibilities. Keep in mind that nothing has more potential to cause emotional discord than our unfulfilled expectations. Emotional pain is the universal response when the outside world expresses itself in a way that doesn't reflect what we expect or believe to be true. As a result, any market information that does not confirm our expectations is automatically defined and interpreted as threatening. That interpretation causes us to adopt a negatively charged, defensive state of mind, where we end up creating the very experience we are trying to avoid. Market information is only threatening if you are expecting the market to do something for you. Otherwise, if you don't expect the market to make you right, you have no reason to be afraid of being wrong. If you don't expect the market to make you a winner, you have no reason to be afraid of losing. If you don't expect the market to keep going in your direction indefinitely, there is no reason to leave money on the table. Finally, if you don't expect to be able to take advantage of every opportunity just because you perceived it and it presented itself, you have no reason to be afraid of missing out. On the other hand, if you believe that all you need to know is:
1. the odds are in your favor before you put on a trade;
2. how much it's going to cost to find out if the trade is going to work;
3. you don't need to know what's going to happen next to make money on that trade; and
4. anything can happen;

Above if understood correctly can transform your trading to professional level.Read it and read it again until it becomes second nature.Its the heart of probability.

Lets take my AN trade. Do I know it will be profitable? No but I do know out of 20 100S/R trades I can hit 80% winning average.That's it.I don't know the outcome of my trades before hand just probabilities of the Edge that is defined on 1st page
In trading, you have to be defensive and aggressive at the same time
  • #6,289
  • Jan 25, 2017 4:15pm Jan 25, 2017 4:15pm
Swap start hurt badly on EA
I know one thing, that I know nothing - Socrates
  • #6,290
  • Jan 25, 2017 5:01pm Jan 25, 2017 5:01pm
I appreciate the detailed answer Davit. I have to admit, I still need to control some of my trading emotions and also learn to trust the trading system. After evaluating some past trades, it's evident that most were correct, but my judgments and emotions got the best of me leading to bad trades. I recently dropped back down to micro lots to unlearn old practice, relearn and practice what I've been reading in your thread. Thanks for the input and cheers!
  • #6,291
  • Edited 5:35pm Jan 25, 2017 5:22pm | Edited 5:35pm
Quoting baroqz
I appreciate the detailed answer Davit. I have to admit, I still need to control some of my trading emotions and also learn to trust the trading system. After evaluating some past trades, it's evident that most were correct, but my judgments and emotions got the best of me leading to bad trades. I recently dropped back down to micro lots to unlearn old practice, relearn and practice what I've been reading in your thread. Thanks for the input and cheers!
Mark Douglas is the key to most of y(our) problems.

NU: Jumping on with target btween @S61 @S38.
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #6,292
  • Jan 25, 2017 6:03pm Jan 25, 2017 6:03pm
To all Traders on this thread , Davit and liamseden in particular , I am indebted to you forever for mentioning the name MARK DOUGLAS in this thread. WOW !!! I mean WOW !!!!! Talk about eye opening lessons about trading. Currently reading his book , HAD NO IDEA that EVERY ONE of my trading problems is within ME !!!
I AM THE ONLY REASON !!!! Like MARK DOUGLAS states , "it's a mindset that stems from personal beliefs within yourself" THANK YOU TO ALL !!!!

ANYONE WHO READS THIS POST , PLEASE , PLEASE , PLEASE , DO YOURSELF A MASSIVE FAVOR AND BUY HIS BOOK , "TRADING IN THE ZONE" !!!!!

** NOTE ** I have been hunting , literally hunting , everywhere for a DVD Collection that MARK DOUGLAS produced. IF ANYONE IS SELLING THE COLLECTION OR HAS COPIES OF IT OR KNOW WHERE I CAN ORDER IT , PLEASE LET ME KNOW. I have NOT been able to find it anywhere !! THANK YOU !!!
"Define the risk OUT of your trade"--Mark Douglas
  • #6,293
  • Jan 25, 2017 6:11pm Jan 25, 2017 6:11pm
Quoting GreenEarth
To all Traders on this thread , Davit and liamseden in particular , I am indebted to you forever for mentioning the name MARK DOUGLAS in this thread. WOW !!! I mean WOW !!!!! Talk about eye opening lessons about trading. Currently reading his book , HAD NO IDEA that EVERY ONE of my trading problems is within ME !!! I AM THE ONLY REASON !!!! Like MARK DOUGLAS states , "it's a mindset that stems from personal beliefs within yourself" THANK YOU TO ALL !!!! ANYONE WHO READS THIS POST , PLEASE , PLEASE , PLEASE , DO YOURSELF A MASSIVE FAVOR AND BUY HIS...
you can look here on this site - http://www.veoh.com/watch/v20696081xcDZJnx4 - you need to create an account to watch more than 20mins of each video
I do not see any subscription fee - just need to register an account
just search for Mark Douglas and you will see several videos of the series - I have not watched them all yet, so can not vouch that they all work.
  • #6,294
  • Jan 25, 2017 7:04pm Jan 25, 2017 7:04pm
atraderfx !!!!!! oh have you ever made my day !!!! watching the 1st video right now , awesome !!!! thanks a ton !!! May all your trades be profitable ones !!!
I love this site , Forex Factory , so many helpful people !!!
Cheers atraderfx !!
"Define the risk OUT of your trade"--Mark Douglas
  • #6,295
  • Jan 25, 2017 11:44pm Jan 25, 2017 11:44pm
EURNZD on my watchlist
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  • #6,296
  • Jan 26, 2017 12:00am Jan 26, 2017 12:00am
Quoting FxProsper
Very Nice call on AN Davit, 2 of my 3 limit orders have been triggered , might add another one if it moves down lower in the 30's. Cheers Have a good day guys {image}
Good Morning everyone! My third Buy Limit order @ 1.0387 were missed yesterday by 1.6 pips, got triggered with the nzd CPI release last night. I also added another limit order @ 1.0350 before I went to sleep but strangely it did not get hit I think the spread was beefy around nzd cpi data. I have removed that limit when I saw the dip this morning for now I am happy with audnzd long exposure. @ Mr Pip, with regard to the PM INDI question, see post #4503 , its also referenced on pg 1 of Davits thread. I get a 404 error when trying to reply to that pm so I post it here.

Hope you guys have a good day.

Cheers
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  • #6,297
  • Jan 26, 2017 12:29am Jan 26, 2017 12:29am
Good morning guys,
My AU trade from yesterday.
I think I should close all positions...
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  • #6,298
  • Edited 1:21am Jan 26, 2017 12:39am | Edited 1:21am
Quoting Davit
{quote} I still ride even in winter....Got caught in snow slit few days ego in Boston. MY old bike I sold. VFR800 gear driven cams sounds like a Ferrari.Missed that bike might buy it again. Honda stopped making gear driven cams bikes too expensive and early VFR are bullet proof and sound amazing. Right now riding Honda old 750 air cooled. Love this too. {image}
Nice bike! When I was in high school I used to beg my parents for the Honda RVF 400 NC35, never got it though, but I do have a appreciation for the gear driven cam bikes they are just so unique! the VFR 800 must be a devil! I was born in the early 90's so my appreciation for older bikes aren't THAT great with the exception of a few of course
When I finished highschool my dad bought me 2009 Suzuki gsxr 600 K9 de-cat with a Yoshi R-55 slip-on man what a screamer! She was a write off @ 10k km on the clock sadly. Then I had the privilege of buying my own Suzuki gsxr 750 L1 with the needed bolt ons etc, what a comfy and wonderfully balanced bike that was! Sold it after 6k km. Will probably buy another one soon as they upgrade again. Last but not least I did some stupid spending in 2013 and bought a black gen4 Kawa ZX10R with the needed bells and whistles, what a monster! Also sold it after 5k km, otherwise I would probably not have been here posting, I honestly don't know how such machines can be allowed on public roads, I mean 1st gear is already way past the max highway speed limit. 2nd gear hits 205km/h already.. its total enjoyable madness, Anyway, sorry for the bike talk but hey you guys started it!
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  • #6,299
  • Jan 26, 2017 1:22am Jan 26, 2017 1:22am
Quoting FxProsper
{quote} Nice bike! When I was in high school I used to beg my parents for the Honda RVF 400 NC35, never got it though, but I do have a appreciation for the gear driven cam bikes they are just so unique! the VFR 800 must be a devil! I was born in the early 90's so my appreciation for older bikes aren't THAT great with the exception of a few of course When I finished highschool my dad bought me 2009 Suzuki gsxr 600 K9 de-cat with a Yoshi R-55 slip-on man what a screamer! She was a write off @ 10k km on the clock sadly. Then I had the privilege...
Nice, superbike fans
I know one thing, that I know nothing - Socrates
  • #6,300
  • Jan 26, 2017 1:46am Jan 26, 2017 1:46am
My GU trade from yesterday...
starting to look better... still holding on to it.
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