My Live trades

This is a discussion on My Live trades within the Trading Journals forums, part of the Reception category; Originally Posted by Lord Flasheart Your trades seem to be good so far on this site.May I suggest that you ...

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Old Sep 17, 2010, 10:10am   #85
Joined Nov 2008
Re: My Live trades

Quote:
Originally Posted by Lord Flasheart View Post
Your trades seem to be good so far on this site.May I suggest that you start from scratch on this thread as most of your 2000+ pips are from another site and there were no stops applied. There have been very few who have ever succeeded posting live calls over a period of time,so I wish you well and hope you understand why I spend time when Im not trading looking to weave out people on the make and trying to exploit newbies. You seem genuine, prove yourself and it will be great for all
Julian, how many 'pied pipers' have we both seen over the years? tbh I've lost count, same 5hit different hat, but the same question never answered by any; "if you're finding day trading easy, consistently making 100 pips per day, making a grand a day, why would you be ar5ed *sharing*?"...you'd just keep your head down and trade. There's a lot of action with new entrants atm and a few *clever* folk have done their sums; 100 paying them 100 quid a month is very easy to achieve using T2W as a permissive and negligent below the line marketing tool...
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Old Sep 17, 2010, 11:21am   #86
Joined May 2010
Re: My Live trades

wirraltraders started this thread
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Originally Posted by Black Swan View Post
Julian, how many 'pied pipers' have we both seen over the years? tbh I've lost count, same 5hit different hat, but the same question never answered by any; "if you're finding day trading easy, consistently making 100 pips per day, making a grand a day, why would you be ar5ed *sharing*?"...you'd just keep your head down and trade. There's a lot of action with new entrants atm and a few *clever* folk have done their sums; 100 paying them 100 quid a month is very easy to achieve using T2W as a permissive and negligent below the line marketing tool...
Ah Mr Swan again..

I will only say what I have always said consistently since I started contributing the odd piece on here (much to my own malignment it seems always) I'm 58 years old, I trade because I want an extremenly comfortable retirement when I'm 70 odd. I do not take any funds out of my trading account, I only increase it. I think I might be able to keep trading sucessfully until at least then. In the meanwhile I like to make a living day to day doing other things such as teaching trading. I know you would dearly love there to be some other deep mystery behind this - as indeed you always have, but that is the simple truth of the matter. Frankly you come over as someone who is really bitter about something or other or maybe a kinder word would be "disillusioned" , and always have every time our paths have crossed....

You are however right about one thing. It is questionable whether I will keep up my posts on Twitter and here indefinitely. I don't need to to do it, but for now I choose to do it. Trading is a long an difficult path to follow and the when you first start it can be very challenging to say the least, as losing money is the only real way to learn the craft. So I would like to think if I can save the odd person a year or two of that, then at least that's some positive contribiton to this forum. Also there's hardly much point in me saying do as I say, if I can't say do as I do...
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Old Sep 17, 2010, 11:42am   #87
Joined May 2010
Re: My Live trades

wirraltraders started this thread Couple of observations regarding those you like to trade cable (gbp/usd and fiber (eur/usd) as I sometime refer to it.

Both have resumed a short term trend upwards after an even shorter correctional trend down which began some months back. In fact the longer term trend (monthly is still technically down) but with this resumption of the recent shorter upwards trend, it does tend to favour the view that the upwards direction is gathering strength. Also on yearly basis, both currencies have a reverse Manilla set up (thats a reverse head and shoulders shape) which tends to support that view.

However I always am at pains to point out that technical trading alone is not enough to get a "fix" on where we are in the markets. It leaves you adrift and without a proper understand of whats really going on. So, why are both currencies resuming the short trend up?

Cable

We could go on an on about all sorts of factors, including GDP (good) deficit (determination to get to grips with it) etc etc, but the market is a little more basic than that. The fact is that if inflation continues at 3.1% the market knows that despite The BOE's dovish stance, they will be forced sooner or later to increase interest rates - and thats what really sends a currency skywards - look at the aussie.

Fiber

Well their interest rates are already considerbaly higher than the USD or the GBP so thats one good reason why the currency is doing well against both USD and Sterling of late. However the euro is also increasingly seen as alternative safe haven to the USD and with rish appetite returning, its hardly surprising that some of the big bond buyers ( ie the Chinese) would seeke to equalise the markets more by buying euros. It suites them, they need to sell to both markets.

Third reason? The US economy is particularly screwed at the moment!

So wheres cable going MT? At least 16100 ish and the euro? Probably 15000 by Christmas.

Trading strategy? I buy when the markets going up longer term term (ie this short term trend) at a particular point when I can make some points very short term. Or buy and hold for days or weeks..if you've got the cohonas and the stop loss ...
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Old Sep 17, 2010, 11:46am   #88
Joined May 2010
Re: My Live trades

wirraltraders started this thread I really should double check my spelling. See you on Monday.
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Old Sep 17, 2010, 11:53am   #89
Joined May 2010
Re: My Live trades

wirraltraders started this thread Need to do a quick catch up before I disappear for the weekend:

Totals: yesterday, +20 pips, Wed +132 pips, Tues +81 pips, this week, + 233 pips. Running total since live trades posted 17th June (on the other tweety place) is +2106 pips
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Old Sep 17, 2010, 12:31pm   #90
 
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Joined Jun 2010
Re: My Live trades

Swan, I wonder why that seemingly some are jealous over others successes. Follow this guy on Twitter, and keep subscribed to this post, and you will know this is the real deal.
I know after 3 years of distinct success (6 years total trading.), I haven't found trading easy. There's a due diligence of personal discipline that is necessary everyday. AS far as the big deal behind getting 100 pips per day is concerned, I don't know why you think this is a big deal. I don't get 100 pis per day, but I do get my 500 per week, as my style is different. I did have an off-week this week, as I only closed 174 pips.
Also, you're basing your conjecture on 1 lot per trade to make the 1,000 per day. Some of us might have more than 1 lot per trade-- LOL.
Why would I be posting or sharing? It motivates me. It challenges me as a trader, when I know that people are looking on. There are the malcontents looking on, and there are others that learn that they can trade too (not my methodology), by watching Me.
Are you saying, according to that question, that T2W is full of losers? I would say most are, but there are a few recommendable threads on this site that are made of winners.
I do agree with you, inasmuch that there in my 4 months of being on this site, I have already seen several pied papers waltz in the front door, and kept on marching out the back. The many we have seen are discernible, but please, give credit where credit is due.


Quote:
Originally Posted by Black Swan View Post
Julian, how many 'pied pipers' have we both seen over the years? tbh I've lost count, same 5hit different hat, but the same question never answered by any; "if you're finding day trading easy, consistently making 100 pips per day, making a grand a day, why would you be ar5ed *sharing*?"...you'd just keep your head down and trade. There's a lot of action with new entrants atm and a few *clever* folk have done their sums; 100 paying them 100 quid a month is very easy to achieve using T2W as a permissive and negligent below the line marketing tool...
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Old Sep 17, 2010, 1:01pm   #91
Joined May 2010
Re: My Live trades

wirraltraders started this thread Out the door now till Monday, but very quickly, BS, scose and one or two others (Im sure you're reading this), if you get a straw poll together and for whatever personal reasons, you really want me to leave this site and stop this thread (only 3 days trading results so far on here!), then frankly I would rather do that than constantly have to defend myself all the time as I have had to do in the past in other threads. More to the point it always seems to draw me into saying things I really don't want to say or indeed need to say - and thats not my style. I really only want to talk about trading as I have been at pains to constantly point out. Yes I am a vendor member. Is that a problem? Maybe all vendors shoud be banned? Anyway here's your big chance to get rid of me for good. Get you straw poll together. prove your results and I'm gone, I will keep posting on twitter though so as not to let people down who follow me there...
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