Paulo1 Posted August 13, 2009 Author Share Posted August 13, 2009 going to tricky to say the least,might get some retracements lets see,keeping my eye on cable,euro and g/y Sell EUR/USD at 1.4223 SL 1.4250 TP 1.4176 Buy USD/CHF at 1.0750 SL 1.0720 TP 1.0797 Sell GBP/USD at 1.650 SL 1.653o TP 1.6446 Sell USD/JPY at 95.90 SL 96.15 TP 95.40 I have already entered , soory a bit late due to Thailnd Internet Problems. Good luck Link to comment Share on other sites More sharing options...
Paulo1 Posted August 13, 2009 Author Share Posted August 13, 2009 going to tricky to say the least,might get some retracements lets see,keeping my eye on cable,euro and g/y Sell EUR/USD at 1.4223 SL 1.4250 TP 1.4176 Buy USD/CHF at 1.0750 SL 1.0720 TP 1.0797 Sell GBP/USD at 1.650 SL 1.653o TP 1.6446 Sell USD/JPY at 95.90 SL 96.15 TP 95.40 I have already entered , soory a bit late due to Thailnd Internet Problems. Good luck Have moved enteries if you missed first attached Link to comment Share on other sites More sharing options...
Paulo1 Posted August 13, 2009 Author Share Posted August 13, 2009 going to tricky to say the least,might get some retracements lets see,keeping my eye on cable,euro and g/y Sell EUR/USD at 1.4223 SL 1.4250 TP 1.4176 Buy USD/CHF at 1.0750 SL 1.0720 TP 1.0797 Sell GBP/USD at 1.650 SL 1.653o TP 1.6446 Sell USD/JPY at 95.90 SL 96.15 TP 95.40 I have already entered , soory a bit late due to Thailnd Internet Problems. Good luck Trades perfromed badly today. Sometimes that happens. Why we have stops. Problem was Internet and my streaming data was not so good. Hope nobody got to damaged. Have moved enteries if you missed first attached Link to comment Share on other sites More sharing options...
myfriendu Posted August 13, 2009 Share Posted August 13, 2009 no problem mm is key,still ended up today,all about entries and exits,made pips from cable euro and g,y,mondays a new day thanks for your time,more of the same,weekend off . have a good weekend my friend. Link to comment Share on other sites More sharing options...
Paulo1 Posted August 14, 2009 Author Share Posted August 14, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221 Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 Link to comment Share on other sites More sharing options...
nickbk Posted August 14, 2009 Share Posted August 14, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 Can You explain why you think USD will go up? I was expecting it to go down today. Link to comment Share on other sites More sharing options...
likewise Posted August 14, 2009 Share Posted August 14, 2009 Had a very good week +14.5% profits this week. Link to comment Share on other sites More sharing options...
badge Posted August 15, 2009 Share Posted August 15, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 2 wins 1 loss. Like the last trade details i followed up, it was pretty unlucky again. Just out of interest what are you using to give you the parameters Paulo? Technicals presumably, but oscillators, MAs, S/R etc? Link to comment Share on other sites More sharing options...
badge Posted August 15, 2009 Share Posted August 15, 2009 2 losses 1 win I ment of course Link to comment Share on other sites More sharing options...
Paulo1 Posted August 15, 2009 Author Share Posted August 15, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 2 wins 1 loss. Like the last trade details i followed up, it was pretty unlucky again. Just out of interest what are you using to give you the parameters Paulo? Technicals presumably, but oscillators, MAs, S/R etc? my brain. we all have one i tink Link to comment Share on other sites More sharing options...
Paulo1 Posted August 15, 2009 Author Share Posted August 15, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 2 wins 1 loss. Like the last trade details i followed up, it was pretty unlucky again. Just out of interest what are you using to give you the parameters Paulo? Technicals presumably, but oscillators, MAs, S/R etc? my brain. we all have one i tink I get paid for these signals. So with u choose o use them its up to you. AS I STATED IN THE BEGINING OF OT THE SIGNALS, I GIVE NO EXPLAINAYIONS. BE HAPPY TO GET FREE SIGNALS Link to comment Share on other sites More sharing options...
Paulo1 Posted August 15, 2009 Author Share Posted August 15, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 Can You explain why you think USD will go up? I was expecting it to go down today. no Link to comment Share on other sites More sharing options...
lannarebirth Posted August 15, 2009 Share Posted August 15, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 2 wins 1 loss. Like the last trade details i followed up, it was pretty unlucky again. Just out of interest what are you using to give you the parameters Paulo? Technicals presumably, but oscillators, MAs, S/R etc? my brain. we all have one i tink I get paid for these signals. So with u choose o use them its up to you. AS I STATED IN THE BEGINING OF OT THE SIGNALS, I GIVE NO EXPLAINAYIONS. BE HAPPY TO GET FREE SIGNALS Now that's a valuable post too, because I think even the greatest simpleton will realize that trade entries given with no context are worthless. Hopefully that knowledge will prevent som people from losing money. Context is everything. Link to comment Share on other sites More sharing options...
myfriendu Posted August 17, 2009 Share Posted August 17, 2009 hi paulo,could be in for a interesting week looking at shorting cable,gbp/yen,eu/us,looking at entries when london opens,when everything could change again lol Link to comment Share on other sites More sharing options...
likewise Posted August 17, 2009 Share Posted August 17, 2009 I'd wait for the retrace back up before shorting, but that's just me Link to comment Share on other sites More sharing options...
myfriendu Posted August 17, 2009 Share Posted August 17, 2009 sure mate thats why im waiting,you had a great week last week,hope my weeks the same as yours, Link to comment Share on other sites More sharing options...
likewise Posted August 17, 2009 Share Posted August 17, 2009 Wish you all the best mate and more to come for all of us, EY might give us some good opportunities too. Link to comment Share on other sites More sharing options...
Paulo1 Posted August 17, 2009 Author Share Posted August 17, 2009 Wish you all the best mate and more to come for all of us, EY might give us some good opportunities too. I have a great idea. Lets just make money, buy at support, sell at resistance. Surely can not be that easy. Link to comment Share on other sites More sharing options...
likewise Posted August 17, 2009 Share Posted August 17, 2009 EY's been giving nice pippage today Link to comment Share on other sites More sharing options...
badge Posted August 18, 2009 Share Posted August 18, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 2 wins 1 loss. Like the last trade details i followed up, it was pretty unlucky again. Just out of interest what are you using to give you the parameters Paulo? Technicals presumably, but oscillators, MAs, S/R etc? my brain. we all have one i tink Oh dear. Well good luck with this bizarre anti-marketing your doing. Perhaps you could consider using some of your 'profits' to Advertise? Or perhaps not Link to comment Share on other sites More sharing options...
Paulo1 Posted August 21, 2009 Author Share Posted August 21, 2009 Sell EUR/USD at 1.4273 SL 1.4297 TP 1.4221Buy USD/CHF at 1.0707 SL 1.0682 TP 1.0757 Sell GBP/USD at 1.6570 SL 1.6592 TP 1.6510 2 wins 1 loss. Like the last trade details i followed up, it was pretty unlucky again. Just out of interest what are you using to give you the parameters Paulo? Technicals presumably, but oscillators, MAs, S/R etc? my brain. we all have one i tink Oh dear. Well good luck with this bizarre anti-marketing your doing. Perhaps you could consider using some of your 'profits' to Advertise? Or perhaps not Perhaps you can post some trades or idea's. The signals are difficult to trade due to the facts, 1. traders unable to trade, and 2, most people don't use the strategy correctly. Each pair I enter i use 5 to 10 entries and scale out starting near 5 pips, so if someone entered 1 position and not scaling out you can loose money if targets are not hit and it reverses, most of the live signal are only valid for 2 to 3 hours as the market does change. There are other on this forum and msn and they get the updates quicker. I think you will find hey are doing very well. Plus I have a number of students worldwide who do pay me so in fairness they get priority. I have just spent 1 week teaching some professional bank traders in BKK. Thats why I have not been posting as much. Just to busy. If you are unhappy with the thread, why read it? if i offended you i am sorry. If you wish to learn a trading that makes good profits you have to pay for it or put in a lot of hard work yourself and like most people you will loose about 10 to 15k before you start making money. 90% of my trades come from s/r, candle patterns and price action. Link to comment Share on other sites More sharing options...
badge Posted August 21, 2009 Share Posted August 21, 2009 [...]If you are unhappy with the thread, why read it? if i offended you i am sorry. If you wish to learn a trading that makes good profits you have to pay for it or put in a lot of hard work yourself and like most people you will loose about 10 to 15k before you start making money. 90% of my trades come from s/r, candle patterns and price action. Im sure you dont intend to be condescending, however Im a prop trader by profession, and have been so for 8years. Prior to which my background is in Derivatives. As you say, if you have no experience and knowledge of financial markets you'll probably lose, even with alot of hard work. Although quite how you can attempt to put a figure on possible losses is strange, but I understand your point I dont seek to 'learn a trading' looking at public forums, its just curiosity. Good Luck with it Link to comment Share on other sites More sharing options...
Paulo1 Posted August 22, 2009 Author Share Posted August 22, 2009 [...]If you are unhappy with the thread, why read it? if i offended you i am sorry. If you wish to learn a trading that makes good profits you have to pay for it or put in a lot of hard work yourself and like most people you will loose about 10 to 15k before you start making money. 90% of my trades come from s/r, candle patterns and price action. Im sure you dont intend to be condescending, however Im a prop trader by profession, and have been so for 8years. Prior to which my background is in Derivatives. As you say, if you have no experience and knowledge of financial markets you'll probably lose, even with alot of hard work. Although quite how you can attempt to put a figure on possible losses is strange, but I understand your point I dont seek to 'learn a trading' looking at public forums, its just curiosity. Good Luck with it No luck, all skill. Badge, there is a general figure calculated from I guess accounts opened , gone broke and closed and the figure is about 13k per average trader. Its not my figure. With your experience, how do you do with FX? Link to comment Share on other sites More sharing options...
Abrak Posted August 22, 2009 Share Posted August 22, 2009 No luck, all skill.Badge, there is a general figure calculated from I guess accounts opened , gone broke and closed and the figure is about 13k per average trader. Its not my figure. With your experience, how do you do with FX? Paulo, Consider your statistic. The average punter loses US$13k before shutting up shop. Why is that? It is because they are prone to buy at the top and sell at the bottom. Even if you think it is for a different reason you can see that there are many different ways of making money. If the average punter is losing like this you can be pretty sure that you can persue any sensible strategy and as long as you are consistent you are bound to make money. Maybe you are a momentum investor, maybe you invest on technicals, maybe you are very fundamental but so long as you are consistent in your investment approach you will almost by definition make money as other people driven by sentiment lose. When you put it down to skill it is such the wrong word. We could debate what it takes for a successful investment strategy but I bet we would agree on one thing - it takes 'discipline'. Link to comment Share on other sites More sharing options...
zorro1 Posted August 22, 2009 Share Posted August 22, 2009 "it takes 'discipline" This is where all become weak at some stage. Number one rule sell hard into the biggest rally. Just the other day I got emotional and bought more of a favorite stock (eek hate that phrase) whilst 18% into a rally on huge volume. Only to have averaged up and when it retraced I lost a very substantial profit and ended up having my stop hit which will now bounce on Monday to make me totally pis-sed off! another lesson learn t, all good Link to comment Share on other sites More sharing options...
Naam Posted August 22, 2009 Share Posted August 22, 2009 90% of my trades come from s/r, candle patterns and price action. get electricity for your home! candles are too expensive in the long run. Link to comment Share on other sites More sharing options...
uptou Posted August 22, 2009 Share Posted August 22, 2009 (edited) I've been doing some casual studying of the stock market,books etc.I've pretty much realised that its quite easy to pick stocks that would be the most likely to rise or fall,long or short,with regards to short term trends.Just a case of bottom up screens & then checking that these stocks are in the top performing industries for % returns (top down).You are just doing a set of procedures with this from any good book on trading (longer than a day). The hard part,in my non expert opinion is timing your trades to the direction of the market,& this has made me think about the inadequacy of tech indicators such as moving averages,macd,stochastics,rsi etc,for timing the market,as they work from the past,& as such are too slow to respond & will only work well into a trend. At the moment the only way i think you can tell which way the indexes will go (along with economic data),is by volume & price action,as its telling you whats happening now,eg if the s&p 500 is rising slowly day by day or week by week on depreciating volume,its likely that a correction could be in order.But thats not taking into account any fundamental news that could force the markets in either direction.I think that support & resistance is important with this along with chart patterns,along with candlestics. Any thoughts on timing trades to market direction?Also how much other things that affect the stock market such as bond yields & the usd,commodities?I've noticed that recently the s&p 500 seemed to shadow commodities. Edited August 22, 2009 by uptou Link to comment Share on other sites More sharing options...
lannarebirth Posted August 22, 2009 Share Posted August 22, 2009 I've been doing some casual studying of the stock market,books etc.I've pretty much realised that its quite easy to pick stocks that would be the most likely to rise or fall,long or short,with regards to short term trends.Just a case of bottom up screens & then checking that these stocks are in the top performing industries for % returns (top down).You are just doing a set of procedures with this from any good book on trading (longer than a day).The hard part,in my non expert opinion is timing your trades to the direction of the market,& this has made me think about the inadequacy of tech indicators such as moving averages,macd,stochastics,rsi etc,for timing the market,as they work from the past,& as such are too slow to respond & will only work well into a trend. At the moment the only way i think you can tell which way the indexes will go (along with economic data),is by volume & price action,as its telling you whats happening now,eg if the s&p 500 is rising slowly day by day or week by week on depreciating volume,its likely that a correction could be in order.But thats not taking into account any fundamental news that could force the markets in either direction.I think that support & resistance is important with this along with chart patterns,along with candlestics. Any thoughts on timing trades to market direction?Also how much other things that affect the stock market such as bond yields & the usd,commodities?I've noticed that recently the s&p 500 seemed to shadow commodities. That is true what you say about the inadequacy of indicators but a purpose they do serve is to show divergences with price action, both positive and negative. Example: Link to comment Share on other sites More sharing options...
uptou Posted August 22, 2009 Share Posted August 22, 2009 Yes,i almost forgot i read that divergences were the most powerfull ways to use them,even if i havent actually used them for this. I know hindsight is a wonderful thing,but when you look at the weekly chart of the s&p 500 http://stockcharts.com/h-sc/ui & those 2 weeks in early september of last year when for 2 consecutive weeks the s&p hardly moved on heavy volume(i think the nasdaq,& dji were showing similar signals),it makes me wonder where i was. Link to comment Share on other sites More sharing options...
PCA Posted August 22, 2009 Share Posted August 22, 2009 Divergences are as useless and misleading as any other indicator. Unfortunately the eye in hindsight moves to the most dramatic price action and applies the appropriate indicator filtering afterwards. There is not a single way or tool to project even the very next tick. The only thing true is trend and a high probability of price respecting support and resistance levels . Using indicators has some benefits as confirmation to price action but not the other way around unless one faces luck which will be followed by disaster if not recognized as such. Link to comment Share on other sites More sharing options...
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