35843 replies to this topic

[Argento]

A

 

If one wrong position wipes out the gain of 5 previous winning trades, then your money AND risk management profile is wrong. I state it as the obvious and I'm sure that you follow proper trading principles.

 

I am not referring to scalpers that will wipe out 5 x 50 pip scalps with 1 losing trade of 250 pips. Scalping is opportunistic at best and is just another tool to add pocket money to the war chest, and not a trading method in my opinion.

[JJBen]

A

 

If one wrong position wipes out the gain of 5 previous winning trades, then your money AND risk management profile is wrong. I state it as the obvious and I'm sure that you follow proper trading principles.

 

I am not referring to scalpers that will wipe out 5 x 50 pip scalps with 1 losing trade of 250 pips. Scalping is opportunistic at best and is just another tool to add pocket money to the war chest, and not a trading method in my opinion.

 

 

 

 

[Lamarje]

German CPI @ 15:00(SA)...

[Argento]

Tell your son to remember the name HDBB

 

30 years from now ill also write a book and tell him to read it!! Ill explain how to make money the easy way....

 

No jokes aside, I haven't read a book my whole life and I don't plan too...You need to use your won judgement and system to win here. Reading  book means you following the crowd...and what happens in trading... 90% ( the crowd) lose money!!

 

 

Cheers!!

Reading books give you knowledge, insight and wisdom and by all means not saying you are following the crowd, and money is never made easy even in this game!

 

But hope your books find its way next to mine!

 

A

[HDB]

Says the guy that made a 100mil and wrote a few books, you there yet buddy?

 

A

Tell your son to remember the name HDBB

 

30 years from now ill also write a book and tell him to read it!! Ill explain how to make money the easy way....

 

No jokes aside, I haven't read a book my whole life and I don't plan too...You need to use your won judgement and system to win here. Reading  book means you following the crowd...and what happens in trading... 90% ( the crowd) lose money!!

 

 

Cheers!!

[Argento]

Jesse Livermore (not Livingston) went broke a dozen times with his own and other people's money, and eventually committed suicide. Not my ultimate role-model, but each to his own.

 

I have a great respect for his wisdoms but tape-reading the DOW in 1915 vs. trading the ALSI in 2015 is very different in my very humble opinion. With increased volatility you can make multiple trades in a very short time.

 

95% of traders will go broke in the longer term due to a lack of money management (position sizing) and risk management (cutting losses). It was true in 1915, it is also true in 2015.

Not my role model just following his strategy and basic principals!

 

If you can make consistent winnings with trading the ALSI on its daily fluctuations and maintain an account of 2 mil or more I'll take my hat of to you....other than HDB that actually posted his winnings and projections haven't seen other guys really doing it?It only takes one wrong short play to wipe out 5 winning streaks!

 

Know this age of graphs and systems is not the same and more complex but the main principals behind tape reading is still the same, what is happening now happend in 1915 as well!

 

I fear that your last statement might be true!

 

A

[JJBen]

Jesse Livermore (not Livingston) went broke a dozen times with his own and other people's money, and eventually committed suicide. Not my ultimate role-model, but each to his own.

 

I have a great respect for his wisdoms but tape-reading the DOW in 1915 vs. trading the ALSI in 2015 is very different in my very humble opinion. With increased volatility you can make multiple trades in a very short time.

 

95% of traders will go broke in the longer term due to a lack of money management (position sizing) and risk management (cutting losses). It was true in 1915, it is also true in 2015.

[Argento]

Says who??

 

you can play whatever time frame you want as long as you follow a system..

 

Here is proof for day traders..

 

 

1. OUV call for today worked like a charm

 

latest

1. 43547

2. 43650

 

and out...200p...not bad start!!

 

 

 

2. at 8.38pm

 

today was and is very dangerous...im expecting a big drop either at open or ftse opening!!

any over shoot to 43700 will be a short!!

 

 

3. not happy with AGL, cfr and SAB prices...should come down closer to 10am

 

 

 

4. at 9.30am

 

sitting duck short!!

all those longs who went in after 9 in danger of bust!!

 

 

5.  red red wine on Monday 5th as promised....and more to follow!!

 

 

6. remember that hs on Friday.....IG went there after hours...Now turn of Safex to got here....will bounce off that ,think it was 43320

 

 

7. got it...2 hour chart....HS....neckline broken about 43325

target +-1000 lower!! MM at it again!!

 

 

all day trades for today!!!

 

 

FREE MONEY!!  No charge.....

 

 

Clear as crystal I hope????

If your system works for you great, clearly it involves skill too that not any man on the street has!

 

But given that most of the prop desks of all our major banks closed down exactly due to the fact that in this time and age the markets are just too volatile and liquidity driven, so they too came to this conclusion that should say something!!!??

 

But hope you members are rolling in the money.....

 

A

[Argento]

Says who??

 

you can play whatever time frame you want as long as you follow a system..

 

Here is proof for day traders..

 

 

1. OUV call for today worked like a charm

 

latest

1. 43547

2. 43650

 

and out...200p...not bad start!!

 

 

 

2. at 8.38pm

 

today was and is very dangerous...im expecting a big drop either at open or ftse opening!!

any over shoot to 43700 will be a short!!

 

 

3. not happy with AGL, cfr and SAB prices...should come down closer to 10am

 

 

 

4. at 9.30am

 

sitting duck short!!

all those longs who went in after 9 in danger of bust!!

 

 

5.  red red wine on Monday 5th as promised....and more to follow!!

 

 

6. remember that hs on Friday.....IG went there after hours...Now turn of Safex to got here....will bounce off that ,think it was 43320

 

 

7. got it...2 hour chart....HS....neckline broken about 43325

target +-1000 lower!! MM at it again!!

 

 

all day trades for today!!!

 

 

FREE MONEY!!  No charge.....

 

 

Clear as crystal I hope????

Says the guy that made a 100mil and wrote a few books, you there yet buddy?

 

A

[HDB]

Learn from the greatest plunger that lived...Larry Livingston, trick is to sit tight, but not easy especially with the TOP40!

 

Say again playing the daily fluctuations will only cause you stress and financial pain!

 

A

Says who??

 

you can play whatever time frame you want as long as you follow a system..

 

Here is proof for day traders..

 

 

1. OUV call for today worked like a charm

 

latest

1. 43547

2. 43650

 

and out...200p...not bad start!!

 

 

 

2. at 8.38pm

 

today was and is very dangerous...im expecting a big drop either at open or ftse opening!!

any over shoot to 43700 will be a short!!

 

 

3. not happy with AGL, cfr and SAB prices...should come down closer to 10am

 

 

 

4. at 9.30am

 

sitting duck short!!

all those longs who went in after 9 in danger of bust!!

 

 

5.  red red wine on Monday 5th as promised....and more to follow!!

 

 

6. remember that hs on Friday.....IG went there after hours...Now turn of Safex to got here....will bounce off that ,think it was 43320

 

 

7. got it...2 hour chart....HS....neckline broken about 43325

target +-1000 lower!! MM at it again!!

 

 

all day trades for today!!!

 

 

FREE MONEY!!  No charge.....

 

 

Clear as crystal I hope????

[REDorBLACK]

will hang around the 43050 level till US opens...then we shall see more fireworks

 

on that note...it would be wise to sit out for abit...catching falling knives can be painful.

[REDorBLACK]

will hang around the 43050 level till US opens...then we shall see more fireworks

[Lamarje]

fell 1000 pips already from 9:10 am. Money for de bears

 

Is this thing going to sell the whole day?

[Motion Picture]

fell 1000 pips already from 9:10 am. Money for de bears

[Lamarje]

This day is a wellcome to 2015...paying school fees heavy

[Argento]

I'm expecting a big bounce on Monday.<br />I'll stack up the longs in IG as soon as they open.<br />I already have a long running on Safex.

Hope you cut!

 

A

[REDorBLACK]

That chasm we left behind last month is calling her name...come to me...come to me....  

[Argento]

I think volatility will be the name of the game these coming two weeks...with a bearish sentiment.

 

One of my biggest challenges for 2015, will be to learn how to short. That skill may prove very useful.

Learn from the greatest plunger that lived...Larry Livingston, trick is to sit tight, but not easy especially with the TOP40!

 

Say again playing the daily fluctuations will only cause you stress and financial pain!

 

A

[Motion Picture]

Bears are making this day a bad day

 

I think volatility will be the name of the game these coming two weeks...with a bearish sentiment.

 

One of my biggest challenges for 2015, will be to learn how to short. That skill may prove very useful.

[Lamarje]

Buy the dip ... buy the dip ... 

 

Bears are making this day a bad day