Intraday Live short term trading calls from an Expert Retail Forex Trader

[Yorkshire Terrier]

This must be from some forex witchcraft manual , especially point 1.

I agree... Trading with out a stop is asking for trouble, Unless you have one of these :clover: got my one from a gipsy along with a bag full of lucky heather.:cheesy:

 

[develbis]

I have not invented a "new style,"

ok so here is something i need clarity with.
::: ON chatting to neighbor last night, his brother joins us, topic turns to forex, he decides to take the lead role in the conversation. main points made with belief and certainty were as listed below
1) leave positions open till they come into profit
2) do not trade when London and USA overlap
3) range trading between 8 and midnight is a guaranteed winner
4) it is arrogant for me to(!?!!) think any lines i draw might could help me trade as the data set will never be big enough for me to take into account all the facts that may influence the next turn in price
5) only trade between 7 and 9 am
6) there is more but the above was enough

if all this is right, and he was emphatic, i have seriously got the wrong end of the stick on how to trade
Any opinions on this, i am happy to stand corrected if i am wrong

Hi MajorMagnuM .. everyone

just a thought provoke post hope you don't mind

to quote Bruce ...

"Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it."

have a great Easter

Andy

.........


I have not invented a "new style," composite, modified or otherwise that is set within distinct form as apart from "this" method or "that" method.

On the contrary, I hope to free my followers from clinging to styles, patterns, or molds.

Remember that Jeet Kune Do is merely a name used, a mirror in which to see "ourselves". . . Jeet Kune Do is not an organized institution that one can be a member of. Either you understand or you don't, and that is that.

There is no mystery about my style. My movements are simple, direct and non-classical. The extraordinary part of it lies in its simplicity. Every movement in Jeet Kune-Do is being so of itself. There is nothing artificial about it. I always believe that the easy way is the right way. Jeet Kune-Do is simply the direct expression of one's feelings with the minimum of movements and energy. The closer to the true way of Kung Fu, the less wastage of expression there is. Finally, a Jeet Kune Do man who says Jeet Kune Do is exclusively Jeet Kune Do is simply not with it. He is still hung up on his self-closing resistance, in this case anchored down to reactionary pattern, and naturally is still bound by another modified pattern and can move within its limits. He has not digested the simple fact that truth exists outside all molds; pattern and awareness is never exclusive. Again let me remind you Jeet Kune Do is just a name used, a boat to get one across, and once across it is to be discarded and not to be carried on one's back.

— Bruce Lee

"Be like water"

Lee emphasized that every situation, in fighting or in everyday life, is varied. To obtain victory, therefore, it is essential not to be rigid, but to be fluid and able to adapt to any situation. He compared it to being like water: "Empty your mind, be formless, shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. That water can flow, or it can crash. Be water my friend." Lee’s theory behind this was that one must be able to function in any scenario one is thrown into and should react accordingly. one should know when to speed up or slow down, when to expand and when to contract, and when to remain flowing and when to crash. It is the awareness that both life and fighting can be shapeless and ever changing that allows one to be able to adapt to those changes instantaneously and bring forth the appropriate solution. Lee did not believe in "styles" and felt that every person and every situation is different and not everyone fits into a mould; one must remain flexible in order to obtain new knowledge and victory in both life and combat. One must never become stagnant in the mind or method, always evolving and moving towards improving oneself.

Bruce Lee

 

[MajorMagnuM]

thanks for all these replies. he did also tell me he was paper trading. i asked what positions answer a how much risk per trade and he did not know what i meant, even remotely

 

[MajorMagnuM]

well that was a slow day.

 

[Yorkshire Terrier]

well that was a slow day.

Tell me about it & now with the bank holidays ether side of the weekend we are in for a long wait till the market gets back to normal, next wednesday looks to be a good start to next week with a lot of red news :clap: should get the market moving.

OMG listen to me i sound like a Forex junkie :cheesy: .

Have a good Easter all,

YT.

 

[MajorMagnuM]

ok watching ea, au, ej, gu
today im setting price alerts at big levels and seeing if that can cool spurs a little.

 

[MajorMagnuM]

sold ej ea

 

[MajorMagnuM]

ej sl at be

 

[MajorMagnuM]

ea sl 5 pips

 

[MajorMagnuM]

closed ea -3

 

[be-positive]

sold ej ea

at what price/stop /target ??? etc ------- you might as well have said I bought a bunch of grapes at 8.00 am this morning from supermarket

 

[MajorMagnuM]

resold ea

 

[MajorMagnuM]

at what price/stop /target ??? etc ------- you might as well have said I bought a bunch of grapes at 8.00 am this morning from supermarket

how did u know i bought grapes

 

[MajorMagnuM]

and if 4752 does not go i will close

 

[MajorMagnuM]

flat again

 

[MajorMagnuM]

bp i am hoping to buy ea at 4740 for 4795. sl 38. this is a static judgement and may change in the moment

 

[MajorMagnuM]

sold ea again

 

[MajorMagnuM]

52 holding ea atm

 

[MajorMagnuM]

52 now gone by a pip so have put sl at 60.

 

[MajorMagnuM]

sl at 59