Chikot

A Honest journal 숙련된 트레이더 에서 Aug 06, 2011 at 18:32

No wonder Brazilian MMA fighters fight this hard. From what I know Brazil is kind of taking off and is developing quickly, but doe majority profits from this or only small wealthy minority?

A Honest journal 숙련된 트레이더 에서 Aug 06, 2011 at 18:19

I used to live about 16 years in Soviet Central Asia just North of Afghanistan. It is pretty hot place with temperatures regularly +40C in shade and up to +50C in shade on the border with Afghanistan. So, I am pretty familiar with this kind of climate. The difference is mostly in humidity. Despite being hot that place is pretty arid and humidity is very low. It's much different from say Vietnam where the temperatures may be lower but humidity is huge. Never had AC over there and thanks to buildings design and a lot of trees around it was always cool inside. It is actually great in summer t...

A Honest journal 숙련된 트레이더 에서 Aug 06, 2011 at 17:57

Yeah, but it was not always this way. It became like this after 1991. By Felix you mean Dmitri or Felix Dzerzhinsky (founder of KGB) 😉I need to add that at least in Brazil you have got beautiful climate and sea. In Russia climate and weather can be pretty depressing and Napoleon did lose half of his army simply by walking Russian roads in summer... You got the point 😁

A Honest journal 숙련된 트레이더 에서 Aug 06, 2011 at 17:45

No 😁, I am Russian Canadian but I like Alexandre Dumas 😉

A Honest journal 숙련된 트레이더 에서 Aug 06, 2011 at 17:26

Thankfully I cannot say I was robbed by the market or anyone. I lost about $1000 and I have never paid for any webinar or course. But time wise I have spent thousand upon thousand of hours and I am quite sure it will pay off some day. The better I will be doing the earlier that day will arrive.

A Honest journal 숙련된 트레이더 에서 Aug 06, 2011 at 16:32

I think that all of us trade similar price action styles and are day traders.My trading started turning around last summer but I ruined it by listening to others and since than I listen to no one but myself. Never had any mentor but No Brainer trades thread was a turning point that helped me to understand better how things work and also another thread stocks related Greed and Fear trader made me to realize that when it is the hardest to take trade it is possibly the best trade there is, LOL.

A Honest journal 숙련된 트레이더 에서 Aug 05, 2011 at 18:20

Statistically I have found over these years of trading that I have the highest losing chances on Fridays. Today 5-15 min candles were up to and more than 200 pips. Someone needs to have deep pockets to trade it and pip wise risk is big. so, no trading.I used to drive to USA in 2003-2004 regularly and noticed that gas was much cheaper there as a lot of other stuff. In any case, I hate to be cheated and this is what this gas prices is. They artificially holds price higher on oil road down in comparison to when oil was up. If oil shot up back to say $110, they would drive price to beyond $1.5 per...

A Honest journal 숙련된 트레이더 에서 Aug 05, 2011 at 16:08

BTW, I was right about price action yet again. Came back and it just broke under 85.40 failing to break above 87.00.Less money for gas. Those bastards still keep gas at $1.23 per liter here in Toronto while when oil was going up to $100 price was just $1.05-1.1 when oil was exactly for same price as today. It is pure price gorging.

A Honest journal 숙련된 트레이더 에서 Aug 05, 2011 at 16:05

Same here Oracle. Everyone has got different style. I made my money during the week and I never trade Fridays as it is not good for my style. Also, I am sure you know this, but being focused for hours takes its toll especially trading small stops like we do. We gotta relax, right?

"Just Oil" 숙련된 트레이더 에서 Aug 05, 2011 at 13:10

Ok, checked on oil. I think that some short orders were taken out. now if 87.00 holds as support price can drop hard. especially if 85.40 gets broken. In any case I am off till Monday. will check after market close how things were going.

"Just Oil" 숙련된 트레이더 에서 Aug 05, 2011 at 10:50

This is how I see the big picture.Drew 87.00 support second lower trend line yesterday so it hit it overnight and bounced back to 87.00 support turned resistance.<a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/15/oilz.gif/'><img src='http://img15.imageshack.us/img15/6069/oilz.gif' border='0'/></a>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>

"Just Oil" 숙련된 트레이더 에서 Aug 05, 2011 at 10:45

It looks like oil formed resistance at 87.10. will check on it again after newsI have been reading about renewable energy by the way.It's pipe dream. Cannot support current lifestyles.The only solution is methane hydrates and other forms of methane for now. But ultimately it is nuclear fusion.It is not possible to know what oil will do, but it failed to get above $100 magic number and it did broke trend line on daily and weekly support of 87.00 so far did not hold and turned resistance.I have no idea what news will do, but I think that it is down now. Even if oil jumps on better than expe...

looking for 80 pips gain / 100 pips floating loss traders/systems 숙련된 트레이더 에서 Aug 05, 2011 at 10:21

Thanks Remus. I always wanted to trade oil and had other reason to start trading oil instead of currencies. I am with FXPrimus where oil and other commodities can be traded same way as currencies although it is much different to trade oil in comparison to currencies. I use stops between 30-40 pips on most occasions and only make them bigger when stop of 30-40 pips makes no sense.

looking for 80 pips gain / 100 pips floating loss traders/systems 숙련된 트레이더 에서 Aug 04, 2011 at 21:54

Hi Remus.My trading is not mechanical. I am a discretionary trader.Have been learning this business since October 2008. I started trading oil and trade oilo exclusively since February 2011. Traded demo till the mid of July to develop trading and now moved to trade live account.I am day trader and as you can see from myfxbook my average time in trade is around 13 minutes.You can follow my trading as long as necessary as I am in process of constant improvement.You can check on me here:http://www.myfxbook.com/members/ChikotThis is the only account I am tradingThank you for your proposal

A Honest journal 숙련된 트레이더 에서 Aug 04, 2011 at 21:49

Oracle, I think it's big difference to trade $5000 with say $0.5-1 per pip or $20 as subconsciousness knows what damage such size can make.Anyway, i wish you good luck with this. I like Anderson Silva too. what's not to like. He is great fighter and also funny.Shogun is also good, but suffered too much damage by now. MMA and trading seem similar to certain extent. Success rate in both businesses is pretty low.

A Honest journal 숙련된 트레이더 에서 Aug 04, 2011 at 18:58

Oh man! This is probably the first time I disagree with you. Trading $5000 with $20 per pip and 20 pips stop loss is suicide. It is 8% risk per trade. I think with your experience of 4 years you should know better. If you have losing streak with this kind of risk account will drop significantly and stops must be very small and any mistake can deal a mortal blow to account. I do not have to explain what kind of psychological pressure you will be under. And it is hard to imagine how would you ffeel losing 1,2,3 trades i a row $400 each out of $5000.The point is to make living from solid capital ...

"Just Oil" 숙련된 트레이더 에서 Aug 04, 2011 at 17:44

well, it keeps falling. even weekly Support at 87.00 seems no holding. Well, will close the damn thing. It makes me upset. I will not however chase the market as I know what might happen.

"Just Oil" 숙련된 트레이더 에서 Aug 04, 2011 at 17:30

I think the best would be to just come to PC at around 9:00. The problem that after years and years of getting at 2:00 a.m. EST I kinda tend to get up early and since I am off till the end of August I have no idea what to do. Since the end of August I will be back exactly to Numex open as I usually do for break when I finish first shift.

"Just Oil" 숙련된 트레이더 에서 Aug 04, 2011 at 17:28

I started trading today at around 7:30 a.m and finished around 9:00. had to go. Now I see how much it better to trade when Numex opens. Huge $4 drop from where I was shorting and where I would expect to short again. It looks like I am getting better and better feel of where price goes. It's just funny how those big moves happen just after I either close trade or leave.

A Honest journal 숙련된 트레이더 에서 Aug 04, 2011 at 17:24

Oracle, by 5 grands you mean $5000 ? 😲$1 per pip and 100 pips per week is $100 which is $400 per month. Hardly living income. To make some living with low risk I think $100000 is a minimum. Losing streaks happen. Having skills and trading big OPM funds in my opinion is much better to trade such small amounts.

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