The ideas that I trade by:

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PebbleTrader
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Postby PebbleTrader » Fri Feb 01, 2013 11:30 pm

"Pebble, I agree, those smaller TF opportunities just aren't worth it (from the point of view of a long term trader), especially when mentally fatigued from the lack of sleep, and trying to catch up to some 'goal'.

As for possibly deviating from the long term plan? I would like to say I won't, but if I do I'll open a thread titled 'Kreslik's Hall of Shame' and induct my self."

Yes, well what has happened to me in the past is I would use the smaller TF's for entries but would find myself getting lured into trading "opportunity" and ended up trading those smaller TF's instead of the larger one I was supposed to be trading.

One "success" technique I use is "Make It Public", whenever I'm going to do something trading related I send an email to several of my family members. When you make something you intend to do public than you are more likely to follow through with it. Some people create a journal on the forums which is doing something similar.
Life is just a journey

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PebbleTrader
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Postby PebbleTrader » Fri Feb 01, 2013 11:36 pm

I removed from June of 2012 to current.

So this is what you would see if it was back in June of 2012. How did we know to trade JPY long term? Because it was the most over valued currency and it looked like it wasn't going to go more over valued.

Image
Last edited by PebbleTrader on Fri Feb 01, 2013 11:47 pm, edited 1 time in total.
Life is just a journey

nimo350
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Postby nimo350 » Fri Feb 01, 2013 11:39 pm

nt
Last edited by nimo350 on Thu Feb 06, 2014 12:25 pm, edited 1 time in total.

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Postby PebbleTrader » Fri Feb 01, 2013 11:40 pm

I measured the same move in pips for each JPY pair:

EURJPY - 3278 pips
GBPJPY - 2658 pips
CHFJPY - 2418 pips
AUDJPY - 2205 pips
NZDJPY - 2014 pips
CADJPY - 1848 pips
USDJPY - 1546 pips

It clearly makes a difference which currency you pair JPY with.

Look at the 4 candidates to pair it with based on them being undervalued and see how it compares with the biggest movers in pips:

EURJPY - 3278 pips
GBPJPY - 2658 pips
CHFJPY - 2418 pips
Life is just a journey

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Postby trueblueTEX » Sat Feb 02, 2013 1:52 am

nimo350 wrote:
trueblueTEX wrote:Jeeez, you guys are all making me feel bad :oops:


Hey TEX, please don't feel insulted. I was simply pointing out that from reading MO posts for the past few years, it seems like he creatively repeats information just to help people understand things.


Don't worry, Nimo, I've actually got thicker skin than I let on sometimes ;-)

I actually started it by comparing myself to a Neanderthal and MO to a Jesuit trying to teach me the Trinity :lol:

I about fell out of my chair laughing my ass off when he said it was more like daddy teaching his son that a cylindrical object fits in a round hole :lol:

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aliassmith
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Postby aliassmith » Sat Feb 02, 2013 7:42 pm

MightyOne wrote:
dojirock wrote:MO,

I admire your patience and persistence........

doji
:D


Why do people go out of their way to be trading educators (this really sux!)?

Fortunately I still have a few beers left =)


Glutton for punishment Mightyone, I doubt you have any hair left after the punishment you put yourself through. :P
Trade Your Way as Long as It Makes Money!

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es/pip
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Postby es/pip » Sun Feb 03, 2013 4:17 am

prochargedmopar wrote:
MightyOne wrote:
dojirock wrote:MO,

I admire your patience and persistence........

doji
:D


Why do people go out of their way to be trading educators (this really sux!)?

Fortunately I still have a few beers left =)


You?
Because you know that your the only One on web forums teaching how to be the "Greatest trader in the world".


Maybe i have drank too much.

What the *censored - swear word* does your post mean exactly?

Are you saying that Drock is trying to be a guru, or that MO is?

Or are you saying that we should all follow other peoples trading calls and trade off BB?

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

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Postby es/pip » Sun Feb 03, 2013 4:19 am

aliassmith wrote:
MightyOne wrote:
dojirock wrote:MO,

I admire your patience and persistence........

doji
:D


Why do people go out of their way to be trading educators (this really sux!)?

Fortunately I still have a few beers left =)


Glutton for punishment Mightyone, I doubt you have any hair left after the punishment you put yourself through. :P


Where you been hiding?

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

aliassmith
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Postby aliassmith » Sun Feb 03, 2013 5:19 am

es/pip wrote:
aliassmith wrote:
MightyOne wrote:
dojirock wrote:MO,

I admire your patience and persistence........

doji
:D


Why do people go out of their way to be trading educators (this really sux!)?

Fortunately I still have a few beers left =)


Glutton for punishment Mightyone, I doubt you have any hair left after the punishment you put yourself through. :P


Where you been hiding?

:)


Forum went to crap so I have been doing my thing. Researching option spreads ATM, its a whole nother world. Converted to large timeframe trading, scalping burned me out.
Trade Your Way as Long as It Makes Money!

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dojirock
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Postby dojirock » Sun Feb 03, 2013 5:28 am

Aliassmith,

Great to see you.....I know what you mean about the forum, up till now its been pretty scarce. I'm going to move to futures hopefully late this year and do both until i'm setup completely on futures. I like gold, and cocoa, sugar....
Scalping burned you out eh? I'm not to that point yet, too lucrative. I use a MM based off space and what you were doing at the end of your last thread. Using a 1 week cycle then I start over.
Oh, well ....never got to thank you for all your charts and post, they helped get me where I am today....

:D
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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