Do full-time forex traders exist or is it just make believe?

[cornix]

Quote from marketsurfer:

Can you link to the posted TA that indicated short prior to the twitter crash-- thanks! surf

Sure, here it is:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3786950#post3786950

Notice how I never said I did trade it. Simple reason: I only trade first 2.5 hours of US RTH session (gets too late for me after that, I like to have normal biological rhythm of sleep/activity).

Nevertheless it was a valid signal in my view and that's why I posted it. Have no idea how any sane day trader could be long when price action looked like that, ha.

 

[cornix]

Quote from RCG Trader:

Or maybe he had a sell stop in the market that happened to get hit. His alerts went off, and he had an entire five minutes to manage the trade.

I indeed mostly use stop orders to enter break-outs and many trades last for 5-15 minutes, but no alerts, ever. Day trading means you are focused on price action all the time. Not for lazy bones.

 

[Ol' Yella]

Quote from SimpleTrades:

Actually, what I see is a whole bunch of "traders" being exposed as frauds.

we see a lot of that around here - LOL!

 

[Magna]

A reminder to a couple of the P&R regulars to please keep the personal bickering over in the "pit", don't want to see it drift into the trading forums. Thanks.

 

[sheda]

I really kinda just skimmed the thread, so I don't know who you are or how you trade, but I take it you trade from 1min charts and feel offended from my post?

No, I dont become offended at uninformed opinion, I simply responded.

I think you missed my point about being a "pro" at a hedge fund, and also about smaller time-frame fx trading as you seem to have no clue. And the whole chart game thing tops it off... I've seen your kind.

And i've seen your kind, whilst currrently lacking the external signs of even amateur skill and success (in this case being a full time retail trader) you go on to proclaim that you are however skilled enough to make it in the big leagues, if you just got that one "lucky break" you"d be showing them how its done in the yankees, the corporate world, the army the local football team or whatever, you then go on to delivery your opinion about why someone else cant do it, 99% of the time its a massive generalization lacking and even refusing to go into facts.

Im sure other people you have called bogus quoted charts for you, giving you an opportunity to not only display your skills and reasoning but to point out how what they are saying is not possible..."you know nothing about it and giving me an opportunity to point out why really tops it off" does not cut it..

Take into consideration I am speaking of at home retail FX traders. And did not say 1min charts are useless to anyone for anything and all markets. Quotes seem good enough though.

Considering this thread is about home retail fx traders, you could say that was taken into consideration.

I'd like to see proof of someone (an at home retail fx trader) killing it off 1min charts entering more than say... 5-10 trades a day for a long period of time without a blowout.

How is a person to blow out with tight stops? The one minute can produce an incredible amount of noise yet every substantial move we witness on the higher time frames started right there at the one minute, using them in relation to eachother gives us the tools to see the noise for what it is and spot the reliable set ups.

To be fair to you earlier in this thread I my self said I used to think the one minute was the land of cowboys and gamblers, for a long while I could do nothing with it. It wasent until I had been trading for longer and a need to change my method came about that I had success with it, some would like us to believe ET is composed of nothing but compulsive liars and financial losers, others would like us to believe the market is nothing but losers, rinsing their 18th credit card to fund their latest gambling binge with just one or two fat cats "in the know".

I believe every one is on their own page, if not doing well enough to get by or learning enough to enjoy it and really see this as a viable route to eventally get by, they wouldt be here.

 

[RCG Trader]

Quote from Magna:

A reminder to a couple of the P&R regulars to please keep the personal bickering over in the "pit", don't want to see it drift into the trading forums. Thanks.

Aye Cap'n!

 

[RCG Trader]

Quote from cornix:

I indeed mostly use stop orders to enter break-outs and many trades last for 5-15 minutes, but no alerts, ever. Day trading means you are focused on price action all the time. Not for lazy bones.

I use hourly charts myself. So alerts are needed for me.

 

[cornix]

Quote from RCG Trader:

I use hourly charts myself. So alerts are needed for me.

Yea, makes sense if you trade intra-day, but too large TF's to watch the market all the time.

My sessions are condensed to a couple of hours around London/Frankfurt opening then US opening so most of the time is spent on 5-min.

 

[RCG Trader]

Quote from cornix:

Yea, makes sense if you trade intra-day, but too large TF's to watch the market all the time.

My sessions are condensed to a couple of hours around London/Frankfurt opening then US opening so most of the time is spent on 5-min.

I used to trade Frankfurt thru NY lunch, but I found that every now and again, Tokyo would move. Especially on the Yen pairs.

I wanted to maximize my opportunities, so I panned out and went 24 hours.

 

[contra]

Quote from sheda:

No, I dont become offended at uninformed opinion, I simply responded.



And i've seen your kind, whilst currrently lacking the external signs of even amateur skill and success (in this case being a full time retail trader) you go on to proclaim that you are however skilled enough to make it in the big leagues, if you just got that one "lucky break" you"d be showing them how its done in the yankees, the corporate world, the army the local football team or whatever, you then go on to delivery your opinion about why someone else cant do it, 99% of the time its a massive generalization lacking and even refusing to go into facts.

Im sure other people you have called bogus quoted charts for you, giving you an opportunity to not only display your skills and reasoning but to point out how what they are saying is not possible..."you know nothing about it and giving me an opportunity to point out why really tops it off" does not cut it..



Considering this thread is about home retail fx traders, you could say that was taken into consideration.



How is a person to blow out with tight stops? The one minute can produce an incredible amount of noise yet every substantial move we witness on the higher time frames started right there at the one minute, using them in relation to eachother gives us the tools to see the noise for what it is and spot the reliable set ups.

To be fair to you earlier in this thread I my self said I used to think the one minute was the land of cowboys and gamblers, for a long while I could do nothing with it. It wasent until I had been trading for longer and a need to change my method came about that I had success with it, some would like us to believe ET is composed of nothing but compulsive liars and financial losers, others would like us to believe the market is nothing but losers, rinsing their 18th credit card to fund their latest gambling binge with just one or two fat cats "in the know".

I believe every one is on their own page, if not doing well enough to get by or learning enough to enjoy it and really see this as a viable route to eventally get by, they wouldt be here.

We are on completely different pages indeed.

uninformed opinion? please... The undertones of your messages let me know you were offended, trying to take little stabs... passive aggressive.

"The moves started right here on the 1min".... ok guy.

Are you sitting here claiming to be a profitable, professional at-home retail fx trader doing this for any decent amount of time?

And try not to twist my words into completely different sentences, I can't even respond to that.