Can YOU make money as a trader? | Page 18 | Metals Mine

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  • #341
  • Feb 15, 2018 2:42pm Feb 15, 2018 2:42pm
Quoting nealpek
{quote} Cashed out after the long U/j spike and reversed position, the bias is definitely down. It's coming into an interesting area starting at the mid 105's, it's a big zone about 300 pips deep, but for me the reversal lies in this area. Keep your eye on it, this is 4 hr chart! {image}
I just looked at the 4H and 1H data, and they are now in sync for a down move, with my entry chart (10M chart) agreeing. But it's late in the day here, and it now needs a whole set up to justify an entry for me. Thanks for the heads up!
  • #342
  • Feb 15, 2018 2:54pm Feb 15, 2018 2:54pm
Nice journal, gotta get me one of those one day! Too late in the day for me as well. I'll re evaluate tomorrow. Good trading!!
  • #343
  • Edited 4:13pm Feb 15, 2018 3:34pm | Edited 4:13pm
Quoting M3d
{quote} nah, I just have a few minutes to waste to reply to this thread, read the title of this thread, of course you can make money as a trader, so this thread will now become posting ideas thread? And like I said, I have hundreds of discussons like this and let me tell you, when i ask any trader to give me an entry stoploss and target they began to argue that this should clear from a setup or some other dumb reason. For me a plan is in advance before entry is taken, with a stoploss and target. Isn't that logical? Am I being negative? Am I here...
traders are different. many use same risk/reward ratio in beginning trading and even hold this when they have enough screen time.
other expand the trading to the more professional way after having more screentime, when you dont have any fix risk/reward ratio any more (so your max tp and stop is always differrent) and target to whats in this time possible in the market, or you do the way after very long screentime and rate any trade when you look at it as a new open trade from this second you look at the trade ( so win / loss until this time is booked and its like a new opened trade at this moment when you would like to open a trade in this moment, or when you would not like to open in this moment (because you dont see an edge to calculate) you close the trade.

so thatswhy some can tell you SL and TP before, other can tell you when entering because of market situations, other can tell you different at each time they look at the trade or market. traders/ strategies are different, most of the time because of different experience and screen time and of course learned basics.
  • #344
  • Feb 15, 2018 5:21pm Feb 15, 2018 5:21pm
Quoting dukas_trader
{quote} traders are different. many use same risk/reward ratio in beginning trading and even hold this when they have enough screen time. other expand the trading to the more professional way after having more screentime, when you dont have any fix risk/reward ratio any more (so your max tp and stop is always differrent) and target to whats in this time possible in the market, or you do the way after very long screentime and rate any trade when you look at it as a new open trade from this second you look at the trade ( so win / loss until this time...
yeah exactly my point. It's more or less subjective.
  • #345
  • Feb 15, 2018 6:30pm Feb 15, 2018 6:30pm
Quoting M3d
{quote} yeah exactly my point. It's more or less subjective.
yes, anything is subjective because of special trades, only the general questions about trading (market, basics, math, ...) are objective to talk about (but not many will understand this fact so easy, it looks like searching in other for methods to trade, against learning trading for their own, is much more popular, and same time the best way to do it wrong, dont learn basics, lose time and change from one strategy to an other).
with same trade at same time it can be different with many traders because of different trader have:
- different level of learned basics
- different risk parameters
- different money structure (how much money is in this account, how many accounts you have and how much other values)
- different plan for future of the trade ( wherever price will go)
- different basket of orders already open or planed to open
- and and and

and analysing trades in past chart, when all (or most) informations are already done, are also complete different level (maybe 1000 times more easy) then even showing a trading account same time (best preparing a simple account for this), when someone really have the wish to present himself and his strategy. its faster, more easy to see and much more trustfull, all in charts is to easy to fake and show on the end only nothing.
  • #346
  • Feb 15, 2018 8:55pm Feb 15, 2018 8:55pm
I've just added another chart in my journal for M3d, regarding how to set up targets in advance and then manage trading to these targets. I'll hold off on talking about entries and stops in advance for him to catch up. Hope that helps and good trading my friend. And it should go without saying, that there is much more to what i'm doing than is in the charts, and I'd be happy to discuss that material, too.
  • #347
  • Feb 15, 2018 9:20pm Feb 15, 2018 9:20pm
Quote: For me only consistent entry, stoploss and target IN ADVANCE does for me: Unquote.

I am so glad to see more traders in FF are getting wiser and smarter to ask for advance entry, stop losses and target from those who claimed that they are successful traders.
Advance calls cannot be replicated or faked that's why advance calls c/w sl and tp are imperative to prove how good a trader he is. 6 out of 10 correct calls will at least show he is highly proficient and therefore most likely to be successful.
If more traders can use this simple method to gauge real traders then FF will be a much better trading forum where chaffs will be separated from the wheats and will effectively get rid of most charlatans and scammers.
I personally welcome any traders to join me in making advance calls on E/U U/J A/U or Xau if you so wish openly and transparently on this forum for all to see.

Cheers
GS
  • #348
  • Feb 15, 2018 11:44pm Feb 15, 2018 11:44pm
Quoting Artcool
{quote} {quote} {quote} Afterwards, you will tell them if you were short or long ! LMFAO !
Nealpek is not selling anything. Please move along and let the real traders talk. Nothing for you to see here.
Ecclesiastes 1:9
  • #349
  • Feb 16, 2018 12:04am Feb 16, 2018 12:04am
Quoting M3d
{quote} nah, I just have a few minutes to waste to reply to this thread, read the title of this thread, of course you can make money as a trader, so this thread will now become posting ideas thread? And like I said, I have hundreds of discussons like this and let me tell you, when i ask any trader to give me an entry stoploss and target they began to argue that this should clear from a setup or some other dumb reason. For me a plan is in advance before entry is taken, with a stoploss and target. Isn't that logical? Am I being negative? Am I here...
M3d, I did not start this thread as a signal service and do not want it to end up that way. It's fairly simple as I see it. Can YOU make it as a trader? It's a mindset. There are many threads which I visit frequently and make trading calls there. My purpose here is only to help young traders to get it into their heads that to make a career of trading is to see the market as indifferent to your emotions. Your entry, your stop loss, your target are not important to me. How you react to your target getting hit. Or your stop loss getting hit. That is my target for this thread.
Ecclesiastes 1:9
  • #350
  • Feb 16, 2018 2:29am Feb 16, 2018 2:29am
Quoting genghistar
Quote: For me only consistent entry, stoploss and target IN ADVANCE does for me: Unquote. I am so glad to see more traders in FF are getting wiser and smarter to ask for advance entry, stop losses and target from those who claimed that they are successful traders. Advance calls cannot be replicated or faked that's why advance calls c/w sl and tp are imperative to prove how good a trader he is. 6 out of 10 correct calls will at least show he is highly proficient and therefore most likely to be successful. If more traders can use this simple method...
smart post bud, i always tell people which Bar i trade off
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #351
  • Feb 16, 2018 2:34am Feb 16, 2018 2:34am
Quoting newbegger
{quote} M3d, I did not start this thread as a signal service and do not want it to end up that way. It's fairly simple as I see it. Can YOU make it as a trader? It's a mindset. There are many threads which I visit frequently and make trading calls there. My purpose here is only to help young traders to get it into their heads that to make a career of trading is to see the market as indifferent to your emotions. Your entry, your stop loss, your target are not important to me. How you react to your target getting hit. Or your stop loss getting hit....
a young or any age trader should learn that trading is full of contradictions,

ie breakout/reverse methods, which trend is right ?????

Have a good method and expect to lose.

i enter a trade and expect it to lose, it is how you trade the escape if it does start to fail.

Main thing is to keep your money
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #352
  • Feb 16, 2018 2:51am Feb 16, 2018 2:51am
Quoting newbegger
{quote} M3d, I did not start this thread as a signal service and do not want it to end up that way. It's fairly simple as I see it. Can YOU make it as a trader? It's a mindset. There are many threads which I visit frequently and make trading calls there. My purpose here is only to help young traders to get it into their heads that to make a career of trading is to see the market as indifferent to your emotions. Your entry, your stop loss, your target are not important to me. How you react to your target getting hit. Or your stop loss getting hit....
the thread should be called "How did you make it as a trader". We all know there are tons of profitable traders out there.

...
  • #353
  • Feb 16, 2018 7:30am Feb 16, 2018 7:30am
Quoting nealpek
"Cashed out after the long U/j spike and reversed position, the bias is definitely down. It's coming into an interesting area starting at the mid 105's, it's a big zone about 300 pips deep, but for me the reversal lies in this area. Keep your eye on it, this is 4 hr chart!" Mentioned this level on U/J yesterday! Did anyone catch it? I prefer not to set buy limits when I'm sleeping and I enjoy my zzzzzz's,lol It is and was intended as a short term level. I believe their is more room to go south, and the level is very deep, although beliefs and opinions...
did you trade off that 04-00 4 hour bar pin, it suggested UP .
i just looked at it, i never ever touch it
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #354
  • Feb 16, 2018 7:33am Feb 16, 2018 7:33am
no, didn't trade it, sleeping! But thought some overnighters(to me) might have
  • #355
  • Feb 16, 2018 7:35am Feb 16, 2018 7:35am
Quoting nealpek
no, didn't trade it, sleeping! But thought some overnighters(to me) might have
ok,no prob ,i was only asking
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #356
  • Feb 16, 2018 8:13am Feb 16, 2018 8:13am
My barometer of activity is the Dow, only thing I care about as NY rules the world, in my opinion of course.
Any thoughts on direction today? anyone?
  • #357
  • Feb 16, 2018 8:14am Feb 16, 2018 8:14am
Hey Nealpek! You are correct. I had that area marked yesterday as I called it a night. It predictable hit the area and continued on south to the 105.5~ you pointed out yesterday. Unfortunately it hit while I was happily sleeping.

It is testing the area was we speak and it appears to be eating at the orders. Profit taking this morning on UJ it appears. Does it have the gas to get though this area? I wouldn't bet on it, but I am not betting either way until I get some kind of sign.
  • #358
  • Feb 16, 2018 8:29am Feb 16, 2018 8:29am
Quoting nealpek
My barometer of activity is the Dow, only thing I care about as NY rules the world, in my opinion of course. Any thoughts on direction today? anyone?
def your opinion lol. asian session sets the agenda and London the coup de grace, but US has its moment, definitely from 19-00 uk time.
Trade well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #359
  • Edited 8:51am Feb 16, 2018 8:40am | Edited 8:51am
Quoting billytt
{quote} def your opinion lol. asian session sets the agenda and London the coup de grace, but US has its moment, definitely from 19-00 uk time. Trade well
Wherever the "money" is rest assured NY is all over it. Do you really think Asia, London, and NY are independent of each other? Do you think NY is waiting to "see and speculate" based on what happens in London? And do you think London waits to see what asia is going to do before they commit their funds?
Like NY doesn't have offices in Asia and London? Their fingerprints are all over the markets, and they all flow together! In my opinion, of course!
Do you really believe Barclay's is competing with Goldman and Goldman with JPMorgan etc? Plenty of pie for all of them to divide and share!
  • #360
  • Feb 16, 2018 8:49am Feb 16, 2018 8:49am
Quoting nealpek
{quote} Wherever the "money" is rest assured NY is all over it. Do you really think Asia, London, and NY are independent of each other? Like NY doesn't have offices in Asia and London? Their fingerprints are all over the markets, and they all flow together! In my opinion, of course!
it is irrelevant where the offices are and who occupies these offices. asia, london usa. it is like a game set up even a battle field
i am not knocking US .
it is the same with bulls and bears lol, they are normally the same people. we need to play these guys at their own game.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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