Rewind Back 15 Years

padutrader said:
not exactly correct....I do not use stop....of course I used to use but for daytrading I stopped .

I am going to restart. Actually i am not but i want GS, to search for my stop

i do have a strategy.....in fact i have about 500 of them....i think Ms Jolie has 502 shoes so i have to find two more.
So the strategy of the day is to scalp eurusd because it is one that goes all over place.it does follow technical analysis but not the classical type.
My live account which has a balance of a million usd is under maintenance so i will be trading my show off account of balance 6 usd .
I have asked GS to come in and trade on my behalf.....I mean George Soros, so do not criticize and be nice to him....
i will try to post some trades...if i have time
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I hate it when GS goes after my stop as well. I was long the mini AUD today and was going to risk eight full pips, but I could tell they were getting ready to personally take my stop out. I ended up saving 5 pips through my bold preemptive action. I am sure GS went home pissed today after I yanked my stop and exited at the market.

The other issue I have with the system is the Fed’s easy monetary policy interfering with my short ES strategy. I’ll have no choice but to only take long signals from now on. When there are only short signals, I will take time off for a good trading - life balance with maybe a week off at a time, twice per year.

Anyway, best wishes to you and your account reload.
 
maximumpossiblesuffering said:
I hate it when GS goes after my stop as well. I was long the mini AUD today and was going to risk eight full pips, but I could tell they were getting ready to personally take my stop out. I ended up saving 5 pips through my bold preemptive action. I am sure GS went home pissed today after I yanked my stop and exited at the market.

The other issue I have with the system is the Fed’s easy monetary policy interfering with my short ES strategy. I’ll have no choice but to only take long signals from now on. When there are only short signals, I will take time off for a good trading - life balance with maybe a week off at a time, twice per year.

Anyway, best wishes to you and your account reload.
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thanks i sympathize with you and i also get the feeling GS is out to get me . you will not imagine the times the market blows my account and then, immediately, takes off in my direction: in reality it means other traders are also making the same mistakes i make
 
maximumpossiblesuffering said:
The other issue I have with the system is the Fed’s easy monetary policy interfering with my short ES strategy.
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you are not alone.....
i do not know much about ES but i do know that in a bull, you need too much timing for a short to profit...whereas even a stupidly entered bull will get you profit because you have time on your side
this fact is what makes day trading and scalping so 'stupid' and so the market, out of pity, compensates this stupidity, by giving an absurd amount of profit

In India too the same is done- though done through a lot of subsidy.
when will people learn 'there is no free lunch'?

here we have high inflation because of these freebies and those who get them do not realise that those freebies are just bies and not free.

They have to pay more for everything because of inflation .
here you have to double your income every 5 years or cut your expenses which is one of the main reason i, and i suspect very many others, started to day trade.

it is the only thing you can do without any qualification.

and the freedom it gives you if you succeed !!!!!!!!!!!!!!
 
long eurusd….not exactly a scalp but i have found this setup results in spectacular moves.. it is euro special because of the strong move in one direction, in this case down, only to reverse in an equally strong move in the other direction. hate putting stop in such an obvious place but most times if you are right with direction, market respects your stop: unfortunately euro often punishes both sides bull and bear, something not many markets do and is why traders hate the bitch
jn.png
 
I posted this on another thread......
themickey said:
Padu, a question.
Yesterday when you placed the AUDUSD trade which blew your account, why is it you had your stop so far away to wipe out the account?
You recieved a friendly warning re AUD would spike (election result), consequently AUD began rising steadily but you kept on the short.
Your stop seemed excessive for a scalping trade.
Did you deliberately set to blow your account in order to gain trolling points?
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But for a minute I'm going to bang on about the above mentioned trade.....
I will give you credit for this; at least you stick to your convictions (in this instance) and trade your way, not how other people suggest you trade.
 
classic bitch movement, this one sexy, so i increased the target. the retracement, testing and triggering of break even stops, is normal before a trend move so this may be that
jn1.png
 
themickey said:
I posted this on another thread......


But for a minute I'm going to bang on about the above mentioned trade.....
I will give you credit for this; at least you stick to your convictions (in this instance) and trade your way, not how other people suggest you trade.
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i did see it.....the post i mean...

but that was very silly
i was making 60 usd but i wanted 100 usd...

did not expect aussie to break the high.

the pattern suggested a break of the low.....but it was the fist day of trading the pattern ..

but i have gone back to my old practice of placing stop...if you see the latest post in my journal
 
Overnight said:
Jesus, dude. Yer down 50% of your account from yesterday, or a couple days ago. That's kinda' bad?
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yep
but i have started putting stops so i am back doing what i used to do earlier.

it is what all you so kindly suggested i do.....
 
eurusd is a scalpers dream because any reasonably strong move may be faded....i am watching and my mouth is watering...will trade this small account this week but will trade a 2000-3000 usd account next week.

planning to sell some shares

looks like easy money......but it never is....cant believe euro gives such a chance
 
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