lukx zline trading log + cfabian p.35 + adaseb p.48

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MightyOne
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Postby MightyOne » Tue Apr 06, 2010 9:07 am

DOUBLE:
Last edited by MightyOne on Tue Apr 06, 2010 9:08 am, edited 1 time in total.

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MightyOne
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Postby MightyOne » Tue Apr 06, 2010 9:07 am

Without a high level of spatial intellect and ability to compare variable time frames this is not going to make any sense whatsoever...

Mass Psychology repeats its self in greater & lesser severity.

Traders find them selves applying the same mechanical processes under the same set of conditions and on multiple time frames
creating a sort of "market brain wave" that repeats its self.

You have to ask your self how the PA between 1 and 2 and 1 and 2 are the same. Do the same exercise for the other numbers.

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Postby Brookmyre » Tue Apr 06, 2010 10:49 am

lol

I bet there's just been 100, 000 google searches for TREES...... :D

MO....I was wondering if you could talk a little about how you plan your longer term trades...
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cfabian
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Postby cfabian » Tue Apr 06, 2010 6:42 pm

MO, on this planning trades thing, it really makes me thing why to plan such a long term trade, when you can easily make 50+ pips a day???

As per some of your comments, I asume you have a 7 figures account (or more, hehehe). Trading say 50 lots of 100, that will make you 50,000 a day. Of course with such account you can trade way more.... thus my question why? Or there really is a point where trading over X lots is not possible / hard for daytrading due liquidity or another factors we are not aware of?


MightyOne wrote:
adaseb wrote:
MightyOne wrote:I think I am about done shorting the GBPUSD FxTravaller.

After this month I will probably be done trading until December or maybe even next year so I can live a little.

Image


Why December?

Isn't that a bad month to trade due to the low volume?


To study charts and map out a plan for the different currencies.

I don't just sit down and trade (although it may look like it)!

There are times when I am working a trade for several years.

I feel that December is a good month to review what I have missed up until that point.
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MightyOne
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Postby MightyOne » Tue Apr 06, 2010 6:57 pm

cfabian wrote:MO, on this planning trades thing, it really makes me thing why to plan such a long term trade, when you can easily make 50+ pips a day???

As per some of your comments, I asume you have a 7 figures account (or more, hehehe). Trading say 50 lots of 100, that will make you 50,000 a day. Of course with such account you can trade way more.... thus my question why? Or there really is a point where trading over X lots is not possible / hard for daytrading due liquidity or another factors we are not aware of?


MightyOne wrote:
adaseb wrote:
MightyOne wrote:I think I am about done shorting the GBPUSD FxTravaller.

After this month I will probably be done trading until December or maybe even next year so I can live a little.

Image


Why December?

Isn't that a bad month to trade due to the low volume?


To study charts and map out a plan for the different currencies.

I don't just sit down and trade (although it may look like it)!

There are times when I am working a trade for several years.

I feel that December is a good month to review what I have missed up until that point.



To reduce risk you must capture pips :shock:

The more pips that you capture the less leverage it takes to achieve your monthly compounded returns.

As a beginning trader I was thinking in terms of how much I could safely risk to make a fortune on the next trade.

As an advanced trader I am thinking in terms of how I can risk nothing and achieve outstanding returns.
This is done not only through capturing pips and reducing leverage but also lending money and trading the returns.

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bredin
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Postby bredin » Tue Apr 06, 2010 11:05 pm

cfabian wrote:MO, on this planning trades thing, it really makes me thing why to plan such a long term trade, when you can easily make 50+ pips a day???


If I may illustrate...

Image

Thats without hedging the retraces, scaling in, building up or any other profit multiplying methid.

G.
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Spatial Recompositions

Postby Fxtraveller » Tue Apr 06, 2010 11:11 pm

Ok, here goes. 3 versions.

Version 1 seems to be be the 'best' (just a gut feel)

Version 2 so so
Version 3 the worst.


MO, if you would comment and approve at least one of them (version 1?) then I'd add X-Y-X-Y and other analysis.

Cheers.

FxT.
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bredin
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Postby bredin » Tue Apr 06, 2010 11:56 pm

My preference (for all that actually matters...) is to pick the one you think best shows MOMO coming out of a quiet period.

G.

edit: Ive released an indi that does a pretty good job :P
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pablo101
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Postby pablo101 » Wed Apr 07, 2010 3:40 am

:twisted:
Last edited by pablo101 on Fri Aug 27, 2010 9:19 am, edited 1 time in total.

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es/pip
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Postby es/pip » Wed Apr 07, 2010 11:01 am

pablo101 wrote:My first and only trade for the week

Image

What else is there? Wait for an extreme, wait for King time momo, trade STF accordingly, p#ss easy



8) 8) 8)


nice

what ROI did that give you

it looks to be massive

lol
Bend over and assume the position for another 4 years of hope and change.

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