Cable&Fiber: Intraday Setups

FTMO Trader Scouting
the golden gun said:
maybe the thread could go in a religious direction for awhile?

let's start with confessions:

my girlfriend's sister's boyfriend is an aussie. he moved here to work and live with her.
my confession is that sometimes... I have no idea what the f*ck he's talking about.

teach me some aussie slang :D
When he said "fair suck of the sav" he has referring to your trade analysis rather than being amorous

This may help
http://www.koalanet.com.au/australian-slang.html#B
 
Yeah, you can't go wrong with Rod's site to give you an edumication.

Although, having said that, you may find it helpful to just watch and listen to some natives for a while until you get the hang of it. You see when it say:

Bastard : term of endearment

You need to be aware that context is everything. ;D

oh, ummm... bless you my son.
 
...and, as it's Friday, ...... never let your cobber drive home with a skin full because we have these nasties:

dwhWCIy.jpg


Where you'll find coppers, frequently with a booz bus. No, that's not a hotel on wheels.
 
Cmon, what happened to the professional aspect of this thread?! Whats ur call on nfp guyz? :p
 
Piper said:
Cmon, what happened to the professional aspect of this thread?! Whats ur call on nfp guyz? :p

ICT motto:

NFP = not for professionals.

besides, if you didn't make some good pips on the moves so far, you're probably not paying attention, so go back to bed and wake up to an early weekend :p
 
Piper said:
Cmon, what happened to the professional aspect of this thread?! Whats ur call on nfp guyz? :p

I'm fairly certain that it will go up and down, but it may go down and up. I'm more interested in where it lands than how it gets there though. I have rigged up a device to prevent it going too high. I learned all about it when I traded options. You take a book or two, about options if you have one but almost any will do, maybe more if you have a large monitor, and then use gaffa tape to secure it at the top. It used to be easier back in the good old days of CRT monitors. These new fangled flat screens are a pain. They didn't think it through I guess, in their rush to market, but I digress. It's important not to apply too much tape onto the screen because it takes way too long to remove and some future price action can go with it. Try explaining that the the CFTC. Anyway, I'm not sure about lower prices. Last time I experimented with a medium density sponge just below the monitor. Actually the sponge was fairly small, though thick enough, so I cleverly positioned it just to one side. After all, most of the price action is most active just on the right hand side, have you noticed, so why bother with a really big sponge, right? If you are intending to implement this at home, be careful. Last NFP my sponge was far too stiff and the price just bounced skyward. Once I tried to add a little water, you know, just to make it softer to prevent the bounce, but it nearly wrecked my mouse, the poor little bugger couldn't swim. Who knew?
 
the golden gun said:
besides, if you didn't make some good pips on the moves so far, you're probably not paying attention, so go back to bed and wake up to an early weekend :p

Ur the one whos limiting himself with "i made enough pips". Thats why the no objective mindset will beat u to the ground every time. If there is an opportunity, i'll take it, if not then i won't :p Don't limit yourself with objectives. FOLLOW THE WHITE RABBIT!!!

the golden gun said:
ICT motto:

NFP = not for professionals.

https://www.youtube.com/watch?v=UaU6NQzEGcg

[quote author=shopster]
Cut throu the bullshit. Trade what you see.
[/quote]
8)

-P
 
AusDoc said:
I'm fairly certain that it will go up and down, but it may go down and up. I'm more interested in where it lands than how it gets there though. I have rigged up a device to prevent it going too high. I learned all about it when I traded options. You take a book or two, about options if you have one but almost any will do, maybe more if you have a large monitor, and then use gaffa tape to secure it at the top. It used to be easier back in the good old days of CRT monitors. These new fangled flat screens are a pain. They didn't think it through I guess, in their rush to market, but I digress. It's important not to apply too much tape onto the screen because it takes way too long to remove and some future price action can go with it. Try explaining that the the CFTC. Anyway, I'm not sure about lower prices. Last time I experimented with a medium density sponge just below the monitor. Actually the sponge was fairly small, though thick enough, so I cleverly positioned it just to one side. After all, most of the price action is most active just on the right hand side, have you noticed, so why bother with a really big sponge, right? If you are intending to implement this at home, be careful. Last NFP my sponge was far too stiff and the price just bounced skyward. Once I tried to add a little water, you know, just to make it softer to prevent the bounce, but it nearly wrecked my mouse, the poor little bugger couldn't swim. Who knew?

If you would utilized the crystal ball with the moon cycle, u would've known... Rookie mistake.. :p

-P
 
Piper said:
If you would utilized the crystal ball with the moon cycle, u would've known... Rookie mistake.. :p

Damn. That's the problem with a little self-disclosure. You put it out there and all you get back is criticism. Well fine. No more. :-X
 
Piper said:
Ur the one whos limiting himself with "i made enough pips". Thats why the no objective mindset will beat u to the ground every time. If there is an opportunity, i'll take it, if not then i won't :p Don't limit yourself with objectives. FOLLOW THE WHITE RABBIT!!!



-P

If the objectives were limiting, how did I end up with multiples of the objectives in net pips?
 
the golden gun said:
If the objectives were limiting, how did I end up with multiples of the objectives in net pips?

You miss the point. There isn't too many pips, or not enough pips. There are pips. Bag as many as you can when there is an opportunity. That's it. And since u achieved multiple objective, you won't trade. So you are limited by objectives. And that's a fact you've just stated.. ;)

-P
 
Piper said:
You miss the point. There isn't too many pips, or not enough pips. There are pips. Bag as many as you can when there is an opportunity. That's it.

-P

Yeah, but a professional outlines and categorizes opportunity. This isn't opportunity for me. GL with your trades, we'll just disagree on this one.

But I will post the generic CDR template for the day. Fiber vs Cable. Bout an hour before the release. Thought it would be interesting just to show the blank template, to give you guys an idea of what my canvas looks like when I get to work on the analysis.
 

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AusDoc said:
Damn. That's the problem with a little self-disclosure. You put it out there and all you get back is criticism. Well fine. No more. :-X

Just to add a tad bit! Next time teach your mouse to swim before your nfp sorcery. ;)

-P
 
the golden gun said:
Yeah, but a professional outlines and categorizes opportunity.

Yea.. Categorization process:
1 Markets open? Check
2 Edge present? Check

That's about it.

-P
 
AusDoc said:
...and, as it's Friday, ...... never let your cobber drive home with a skin full because we have these nasties:

dwhWCIy.jpg


Where you'll find coppers, frequently with a booz bus. No, that's not a hotel on wheels.

The next day I always know where the booze bus was lurking
 
Piper said:
Yea.. Categorization process:
1 Markets open? Check
2 Edge present? Check

That's about it.

-P

Great. Now all you have to understand is that my categorization process is different, and then we'll be in agreement.
 
1) Markets Closed for the Day
2) Enter and TP on previous day's PA
3) Edge Present - yes
4) Post results - yee haa!!!
 
rod178 said:
1) Markets Closed for the Day
2) Enter and TP on previous day's PA
3) Edge Present - yes
4) Post results - yee haa!!!

;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
That time machine edge must be working... Cool then.. High accuracy, tps and low risk promised.. :p

-P
 
Piper said:
Just to add a tad bit! Next time teach your mouse to swim before your nfp sorcery. ;)

Ah yes, now that's constructive. Thanks :)

Piper said:
Yea.. Categorization process:
1 Markets open? Check
2 Edge present? Check

That's about it.

I agree, once number 2 is in place, no problem. But I think it is OK to have some down time. Over trading can take many forms. It is good to know that you can walk away and the market will be there when you come back. Balance is good. Knowing one's own limitations is good. Some people can trade like they were the EverReady Bunny (legendary Aussie TV commercial - you may have similar) while others need a breather to recharge. To each their own.

PS. Can you tell I'm tired. Must have been all that laughing. ;)
 
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