Ftse Professional Scalping

[foroom lluzers]

Since you can't see the huge negative edge in your strat, that makes you a non-professional. You are just like when I was a beginner joe 5+ years ago.

Mind if I ask what kind of work you did when you stilled worked ? I am curious whether there is any hope for you at all. A bit of background might help with the assessment.

There is no negative edge in my trading , I buy options at half the price of volatility , pay a spread twice and still come out with a profit.

It is about time you made a live call , hours in advance and showed us a profit.

 

[EnlightenedJoe]

There is no negative edge in my trading , I buy options at half the price of volatility , pay a spread twice and still come out with a profit.

It is about time you made a live call , hours in advance and showed us a profit.

Next profit announcement will be tomorrow, most likely. But I have no time limits or other limits for my trades.

I will have a big one coming up for wheat soon. You could dig up the "call" from one of your threads in preparation.

 

[foroom lluzers]

All my anylysis has been proved correct

7390 support held very well , psychological fears made me hesitate on going long at 7390 .

 

[barjon]

All my anylysis has been proved correct

7390 support held very well , psychological fears made me hesitate on going long at 7390 .

So what's it doing at 7384 then?

 

[foroom lluzers]

So what's it doing at 7384 then?

noise

just went long at 7392 stop 12

 

[barjon]

noise

just went long at 7392 stop 12

"Noise" eh, how come you were boasting about 9 points worth of noise yesterday then, or was that somehow different.

Good luck with this one, though.

 

[EnlightenedJoe]

noise

just went long at 7392 stop 12

I'll fade you. Short 7393.6. No stop, no target, hold until win.

 

[foroom lluzers]

"Noise" eh, how come you were boasting about 9 points worth of noise yesterday then, or was that somehow different.

Good luck with this one, though.

Closed at 17 +++++25

 

[barjon]

Closed at 17 +++++25

Nice. Now if you'd just concentrate on talking us through trades like this (out at one of your resistance levels?) rather than continually boasting about how great you are and how blind we are then we might get somewhere.

 

[EnlightenedJoe]

I too am intrigue by those resistance levels. Those are so different to mine. I only have one resistance level: they can't have my money.

 

[EnlightenedJoe]

Second position: short 7449.6. Hold till win.

 

[foroom lluzers]

Nice. Now if you'd just concentrate on talking us through trades like this (out at one of your resistance levels?) rather than continually boasting about how great you are and how blind we are then we might get somewhere.

Briefly and by a whole 9 points,too. Oh look, it's 15 underwater now so I hope you snatched your meagre gains, not that you will have actually had any money down of course. Otherwise it's a bit early to start crowing about your genius isn't it?

Ah, adding to losers now are we. Sensible move And a cry of the amateurs rationale " because it's cheaper" rather than anything that means anything . Well, it's 36 underwater ATM, so it definitely is cheaper. Good professional approach from a great trader

Oh :-0 and when did either of the positions get to + 30 which is the target you look for. It's dead easy to pretend to be good - shame about reality.

So what? My post wasn't about that but about the bit of profit you claim you "should" have taken which was only half-way to your stated aim of 30 points. No mention beforehand that you were going for anything less and you don't watch the action, of course.

Another bit of pretence then

So what's it doing at 7384 then?

Too much thinking and negative thought processes going on , once you put on a trade , just set it and forget .If you had done so , this original trade and the add to losing position trade , would all have gone into profit.

Just be patient , nobody knows what the market is going to do next. starting threads , what is going to happen next?. I don't look at the screen , because it arouses my emotions and plays with them , looking at screen market made a sucker out of me.

Just let the pro -mentality execute trades.

 

[foroom lluzers]

All I do is look for supports and trend lines , buy longs only at trend line supports /horizontal supports .Traders have be blind not to see them.

HERE IS MT4 INDICATOR FOR AUTO TREND LINES

 

[EnlightenedJoe]

I have no trend lines at all. I sell when I am going to win. Same when I buy.

 

[foroom lluzers]

I have no trend lines at all. I sell when I am going to win. Same when I buy.

Second position: short 7449.6. Hold till win.

HOW MUCH YOU PARRY FOR OVERNIGHT CARRY COST/

 

[piphoe]

EJ, I suspect your trained experienced mind's eye recreates those TL's without the need to place those on a chart. You just look at a chart see those patterns almost subconsciously, would you say this is a more correct assertion than not?

 

[EnlightenedJoe]

HOW MUCH YOU PARRY FOR OVERNIGHT CARRY COST/

Maybe a £1 ? Donno, I'll wait for it to come in then I'll know. But the margin requirement is crazy low at the moment. A percentage on that could be quite small.

It will come out of my 1.6%+ yield based account growth per week. Although I don't like a deduction. I think I can manage it.

 

[EnlightenedJoe]

EJ, I suspect your trained experienced mind's eye recreates those TL's without the need to place those on a chart. You just look at a chart see those patterns almost subconsciously, would you say this is a more correct assertion than not?

Nope. Merchants want people to use trends. So I don't.

 

[barjon]

Too much thinking and negative thought processes going on , once you put on a trade , just set it and forget .If you had done so , this original trade and the add to losing position trade , would all have gone into profit.

Just be patient , nobody knows what the market is going to do next. starting threads , what is going to happen next?. I don't look at the screen , because it arouses my emotions and plays with them , looking at screen market made a sucker out of me.

Just let the pro -mentality execute trades.

What are you on about? I wasn't in the trade - you were. So it's you and not me who did the tinkering and took yourself out at a loss rather than just forgetting it and reaping the benefit today. It's easy to preach, shame you can't do it yourself with all that "professional" expertise of yours and all.

'Course, since your profitable trade of 17 today ftse put on another 60 + points and you didn't "set and forget" about that either. And on the way ftse did break out of your resistance level which is a susprise since we are given to understand from a great "professional" trader who shall remain nameless that such a thing is doomed to failure since 80% of breakouts fail.

I did try to give you a bit of credit for the ftse trade this morning in the hope that you would contribute more constructively and change your "know it all" boastfulness and insulting writing off of everyone else.

Should have known better. You are full of cr*p, foroom lluzers.

 

[foroom lluzers]

What are you on about? I wasn't in the trade - you were. So it's you and not me who did the tinkering and took yourself out at a loss rather than just forgetting it and reaping the benefit today. It's easy to preach, shame you can't do it yourself with all that "professional" expertise of yours and all.

'Course, since your profitable trade of 17 today ftse put on another 60 + points and you didn't "set and forget" about that either. And on the way ftse did break out of your resistance level which is a susprise since we are given to understand from a great "professional" trader who shall remain nameless that such a thing is doomed to failure since 80% of breakouts fail.

I did try to give you a bit of credit for the ftse trade this morning in the hope that you would contribute more constructively and change your "know it all" boastfulness and insulting writing off of everyone else.

Should have known better. You are full of cr*p, foroom lluzers.

This exiting early is done by the automatic mind in trading , I saw the two previous resistance at 14 , and closed at 17 , thinking I done well with 3 extra ticks!

I insulted myself for using my brain , the best traders are dumb morons , they follow methods and systems (without using their brains , set and forget does that), which I could not do this week.