"Golden Arches" Project

ahh...come on ...its almost 10:00 (mst) the steam runs out bout' now....hmmm...lets see this is Tuesday...

Well maybe I WILL have this EUR/GBP till Friday...or maybe I should bail part of it here....what to do?...

TV...may you give them that dollar you whore :) just kidding...I simply do not trade for the man anymore...I don't care if its a BILLION, which is some typical size in primary bank currency trading...

Runnin'RetailSpotPretendin'ToBeBigWhenHeJusta'PikerSavant
 
i recently thought of a tapwater analogy. imagine you were trying to fill up your sink with hot water (profit). you know a single tap fluctuates between hot and cold. say you turn on the tap and it starts filling up with hot water which slowly turns to cold, do you turn off the tap and wait till the water heats up or do you leave it running hoping the cold water will turn back to hot soon, accepting the costs involved with turned the tap on and off. or maybe i just need better plumbing in my house.

which method do you prescribe to while trading? why?
 
I do not know how to teach it wj...but scaling in and scaling out does me fine to react to temperature...but I do not dare do that here in this thread...i gotta' keep it simple..

advanced traders should be taking off there oldest scale here...you would never be critisized...and I sincerly hope you money managers are not gambling with your clients money.

thanks for the chance to comment...you are a team player...and I realize it...

thanks foir the chance to share traders....you read my crap....and there are some of you far more qualified to take the soapbox and make a fool out of me...I just call them as i se them...flawed are not...


Quote from walterjennings:

i recently thought of a tapwater analogy. imagine you were trying to fill up your sink with hot water (profit). you know a single tap fluctuates between hot and cold. say you turn on the tap and it starts filling up with hot water which slowly turns to cold, do you turn off the tap and wait till the water heats up or do you leave it running hoping the cold water will turn back to hot soon. or maybe i just need better plumbing in my house.

which method do you prescribe to while trading? why?
More...
 
keeping it simple. do you scale out while losing and scale in while winning? or vice verse? the tapwater analogy would suggest one is superior to the other based on my intuition.
 
AMT4SWA (I think that was his handle)..an old-time poster-scalper here...demonstrated trading from an average price, which I have adopted...

some veteran traders here in ET...know who this guy was...big time stuff...he does not post anymore as far as I know...our loss...

condition does not matter...deep pockets does...but eventually, you are trading in positive numbers as soon as you cover the spread...then its just to build and react...running the tab (or tap in your case wj...:))

Traders...readers..I am not illustrating or suggesting anything other than the intro to this method...I suggest if you have a big bankroll only use 15% for trading Retail Spot Forex with and do not use scalp methodolgies in any part of your trading...even if it used within medium term methods...I will not teach it or suggest it and I am not...run run far away from me, if you want to be in the big time...been there and done that....if I were scalping there would be no time here....I would be exhausted at the end of each day...The other traders here can share...it's YOUR thread. Now I am not registered and practicing and could never give portfolio allocation advice...the 15% thing is a general statement not tailored to your individual situation and is not a recommendation. Please seek out licensed and registered investment advisors, authorized to give out tailored information for YOUR portfolio..


Quote from walterjennings:

keeping it simple. do you scale out while losing and scale in while winning? or vice verse?
More...
 
Walt, I start with "x" lots, and then scale out as the trades move positively. I also use trailing stops and hard stop losses.


The Ever Stopping VIPER
 
I use a variant of bgx for scaling out that i came up with,not to complex. it is a conservative approach, that gets quick gains but doesn't get as much from a big run
 
I check my charts each 4 hours (mst times)....19:00, 23:00, 3:00, 7:00, 11:00, 15:00. I am looking at 32 charts and their DeMarker...for deeper CurviDeviated :) penetrations, if there are DeMarker sig's.

Bumper Sticker: Forex Traders never sleep...They just change TimeZones :)

(hehe..if I took an isolated amino acid that was enough to break the blood-brain barrier, I could stimulate Growth Hormone production)
 
Quote from ElectricSavant:

AMTSWA (I think that was his handle)..an old-time poster-scalper here...demonstrated trading from an average price which I have adopted...

some veteran traders here in ET...know who this guy was...big time stuff...he does not post anymore as far as I know...our loss...
More...


YUP. those were the good old days. Don't have alot of time or energy to post like we use to. We had a lot of fun though. Some of us have grown up since then. :D
 
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