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- Prodigy replied Jun 6, 2016
Don't believe in supply and demand, Ok smarty.. what drives price moving up and down in the market then?
Trading Institutional Order Flow
- Prodigy replied Jun 16, 2011
I've been following your trade journal. It's pretty hard to trade consistently. But I think you've been maintaining your confidence and composure in check. You are doing well.
Back to the beginning, with indicators
- Prodigy replied Jun 16, 2011
5% risk is a lot. When trading stock / index / futures, the minimum price it can go is zero, while the maximum is infinite. In forex, the minimum and the maximum price can go is infinite. You're trading without a stop with 5% max risk and you said ...
Zero Net Loss Trading Strategies
- Prodigy replied May 6, 2011
Ok. I was only curious. If you are ever interested about pyramiding there's an interesting thread here. You should also pay attention for its time (duration) and its momentum on AUDCAD, now that it's showing some weaknesses. What I mean is, if price ...
Back to the beginning, with indicators
- Prodigy replied May 6, 2011
what is your risk management.? I see that sometimes you have 2 orders open for the same pair. In case if you are trying pyramiding (adding to winners) and let's assume you risk 2% on each trade, that's 4% risk. It's a double edge sword.
Back to the beginning, with indicators
- Prodigy replied Sep 19, 2010
Don't get married when you are still day trading. Get married only when you feel you can earn faster than your wife spends it. Be stingy to your girlfriends and this should apply to your trading as well.
No more BS - What have you learned?
- Prodigy replied Sep 19, 2010
hi, Just some words of advice you may delete it if you find somewhat uncomfortable. First, I want to remind you that by implementing other people's strategy is not a good start. Why? J16, whoever that is, may say that he is profitable using his own ...
Hehesam (Malaysian) trading journal
- Prodigy replied May 9, 2010
"For the next 3 weeks, if there is no such day like May 5, he will still survive..." Meaning you are HOPING that his trades will survive without a stoploss and prove that we are wrong. Look, there is no hoping in profiting a trade. When you are in a ...
The final Holy Grail
- Prodigy replied May 8, 2010
Anyone who cannot accept and admit that they are wrong is always a loser. When you become a loser you always try to let your emotional will to let things happen and therefore you will always take more risk and think that your trade can't be wrong, ...
The final Holy Grail
- Prodigy replied May 8, 2010
I only need to read first few comments about this strategy (as if there is any) and I think this journal is a little misleading. First of all, trading without a stop loss is a financial suicide. There is no such thing as holy grail and there is no ...
The final Holy Grail
- Prodigy replied May 4, 2010
Hi, i hope you put a S/L on all your trades. If not it's a blood bath.. you already took -190 on EU -90 on AN and -100 on UC as of today, assuming you don't have any stop losses on all pairs. EU is touching 1.30 level just what I stated in your ...
Xaron's $1,000 to anywhere trading horror show
- Prodigy replied Mar 24, 2010
eu will remain bearish. there's no reason for anyone to go long at this moment.
Intraday price action trend trading
- Prodigy replied Jan 22, 2010
Nicely said platypus, there are a lot of meats in your statement..
$5k to infinite
- Prodigy replied Jan 21, 2010
Well, I believe psychological statistic as you mentioned above is insignificant, because what i believe in is price. Price moves market not the other way around / fundamental. No, I didn't intend to start argument as well, fundamental vs. technical. ...
$5k to infinite
- Prodigy replied Jan 20, 2010
Domino, whether they raise interest rates or not is none of my concern, what I am looking at is how price behaves correspond to the historical price and hence the tripple top formation. The next move maybe in consolidation or continuation. What I ...
$5k to infinite
- Prodigy replied Jan 20, 2010
Whether the rumor is going to happen or would never happen, we should rather be focusing on how we position ourselves and how price is behaving at the moment. Euro already broke its previous daily swing low at 1.4250 so we should see how this plays ...
$5k to infinite
- Prodigy replied Jan 8, 2010
Good explanation. I usually wait for the close on second bar to give further confirmation to enter, and watch the swings, support / resistance to exit trade.
Trade what you see NOT what you expect
- Prodigy replied Jan 7, 2010
I concur. It already broke daily resistance at 84.90 - 85.00. I think it will test 89.00 level. Nice play Xaron, though I still think you need to emphasize stop loss.
$5k to infinite
- Prodigy replied Jan 6, 2010
With all due respect, discipline alone does not solve all trading problems. You need an edge and 10,000 hours. People who cannot accept criticism (like yourself) will not last long, because psychologically they think their methods are always right ...
Why do 99% of the people who wants to be traders fail?
- Posts by Member Search: 'Prodigy'