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Thread: No free lunch but all the free coffee you can drink

  1. #1

    No free lunch but all the free coffee you can drink

    Nothing regarding Pennsylvania, FA or TA,,,
    This is all about understanding the human Component in the Pit.

    Pit Dealers.
    They need to eat, they need to pee and they must get a hold in the marketplace direction. All things considered, this really is not their first endeavor to the Industry.
    Evoloution informed them to pee in exactly the same time as other traders simply because they recognized...that is when they get their butt whipped.
    Ingesting is elective. Marketplace direction is in their fingers.

    Thus...
    As an Outsider,

    I've found the following.
    8:00 AM Open to 10:00 AM = Rape, Pillage OR Stalk
    11:30 AM Spike = Goin' to luncheon and require some profit to Near.
    1:30 PM Correction = okay, We Are back and we are gonna move it as much as we can.
    3:00 PM slow down is triggered by Day Traders escaping Early and Swings/Take suspecting their Commerce will now Grow.

    If the preceding is a disclosure to you personally, YOU still do not know the Marketplace.
    To the others.... In case you are feeling the demand, correct my occasions.

    Now that you simply feel slammed...
    The Reality.
    Estimate what. The strain on a Colliery Dealer is 1,000 times the strain on you.

    There are several Modest Windows / Day which will yield you Earnings. Not readily. But with research In Your Pair, it is going to become Apparent what Time of day your Commerces have More POTENTIALITY

    Ohhh, Friday @ 3:30 PM EST and I just need 50 more pips going to my TP....

    Excellent Luck but I understand you may hit it on a goodbye.

  2. #2
    Excellent post...thanks for sharing

  3. #3
    Should be hell when you are uncertain whether your next pee will become the most high- priced choice for the day. Your trading livelihood that is entire can go down the drain.

    Before I began trading forex I seen some other traders merely to get an idea (usually good plan to do assignments before taking out cash, ponder why so few people do it). Following a morning of watching two men scalping among the questions was why they decided to do a high-stress occupation at how old they are. Turned out they simply seemed fifty, these were were early thirties. Should let you know something if you wondered, about my current trading fashion, which isn't scalping.

    Thanks to get a good subject borlam69.

  4. #4
    Quote Originally Posted by borlam69
    No thought to Spouse Pressures you could be under


    This got me srtomaikelcl. I might not last FIVE MINUTES minutes in the pit. Nevertheless, the understatement that is preceding conceals a huge number of words.

  5. #5
    My first post at this fantastic forum....

    Quote Originally Posted by borlam69
    Nothing to do with Pennsylvania, FA or TA,,,

    The Reality.
    Figure what. The strain on a Pit Dealer is 1,000 times the strain on you.

    There are several Modest Windows / Day which will yield you Earnings. Not readily. But with research In Your Pair, it is going to become Apparent what Time of day your Commerces have More POTENTIALITY

    Ohhh, Friday @ 3:30 PM EST and I just need 50 more pips hitting my TP....

    Good Luck but I understand you'll hit it on a goodbye.
    That's the way I remembered it.

    I Have been away in the CME for 9 years. I significantly instead trade from my home-office. Less sound.

    The only real pressure on me is what I put on myself. A fact that's constantly held correct, even if it wasn't recognized by me.

    Peter

  6. #6
    Quote Originally Posted by mariajesuspt
    My first post a-T this excellent forum....




    That's the way I remembered it.

    I Have been away in the CME for 9 years. I significantly instead trade from my home-office. Less sound.

    The only real pressure on me is what I put on myself. A fact that's constantly held correct, even if it wasn't recognized by me.

    Peter
    Hello Peter, Wel Come to Ye Ole FF. I adore your last line.

    Q1) How long were you in the Pit?


    q 2) Did you bound from Pit to Pit throughout the day or week?

  7. #7
    Quote Originally Posted by mariajesuspt
    The only real pressure on me is what I put on myself. A fact that's constantly held correct, even if it wasn't recognized by me.

    Peter
    This is really accurate! Also it goes properly with Bemacs slogan in his sig

    Pleasant to possess yet another veteran aboard

  8. #8
    Talking of Java,, I 've a buddy that figured out just how to boost the caffeine content of top quality coffee beans,, a lot like ingesting a complete pot of java in one single cup,,, cuts down around the urinary flow ,,,, he sells it on the web if any human anatomy fascinated

  9. #9
    Quote Originally Posted by Ava
    Speaking of Java,, I 've a buddy that figured out just how to raise the caffeine content of top quality coffee beans,, a lot like ingesting a complete pot of java in one single cup,,, cuts down around the urinary flow ,,,, he sells it on-line if any body's interested
    S O ingesting some thing with a greater content of a water pill will cut the pee flow? Seems as legitimate as sex for virginity.

    Sorry to remark to the threadjack borlam69. Great post

  10. #10
    Mr Walker, my apologies,, just saying that in the event you perform lengthy hrs as a lot of folks in here you could drink java,, and I'd rather consume 1 cup as an alternative of 8 to 10 (a pot). Merely me,, didnt suggest to Jack your thread (whatever the *^% that means)

  11. #11
    Quote Originally Posted by Ava
    ,, and I'd rather consume 1 cup as an alternative of 8 to 10 (a pot). Simply me,,
    Whoos! I average about 20-a-day :

  12. #12

  13. #13
    Great observation

    Thanks for sharing your know how

    P.S FF is genuinely a fancy area, having s O several self less professional.

  14. #14
    Quote Originally Posted by borlam69
    I've found the following.
    8:00 AM Open to 10:00 AM = Rape, Pillage OR Stalk
    11:30 AM Spike = Goin' to luncheon and desire some profit to Shut.
    1:30 PM Correction = okay, We Are again and we are gonna transfer it as much as we can.
    3:00 PM slow down is caused by Daytraders escaping . Early and Swings/Take suspecting their Commerce will now Mature.
    I've seen they're beginning to rape and pillage a small bit sooner than 8 a.m (some times) as some traders desire the selection piece of meat before the remainder of the pack joins in, plus London h-AS figured this out and no question they get the ball rolling as some of their traders come back from lunch believing okay New Yorkers, wake up the Fu*k up

    And to the java poster, It Is called Cocaine. And that you don't even have to consume it, so saving the pee split.
    Truly I stop drinking coffee (other than for the the casual star-bucks from time to time) Attempt drinking green-tea rather, you get exactly the same caffeine without the gitters or the I require mo Re sensation and Yes it the key to longevity whereas java shortens your lifestyle, and increases your blood-pressure and causes mo Re tension. THIS REALLY IS A JUNK FOR GREEN TEA EXTRACT
    with honey

  15. #15
    Quote Originally Posted by borlam69
    Hi Peter, Wel Come to Ye Ole FF. I adore your last line.

    Q1) How long were you in the Pit?


    q 2) Did you bound from Pit to Pit through the day or week?
    A1)I was in the Pit for 8 years. Marketed DM and the Swissy mainly. Breakouts were traded by me. Actually I trade exactly the same manner now from digital terminals with less headache.

    A-2)I'd trade the popular hand. My company was got by the strongest/weakest market. Still does.

    I traded straightforward, robust breakout set ups that I needed to wait for. I can not inform much change in profitability to proper now.

    I truly believe it's better to trade profitably now with forex. You, and more picks have a lot more variance in standing size alternatives.

    Peter

  16. #16
    Quote Originally Posted by mariajesuspt
    A1)I was in the Pit for 8 years. Marketed DM and the Swissy mainly. Breakouts were traded by me. Actually I trade exactly the same manner now from digital terminals with less headache.

    a 2)I'd trade the warm hand. My company was got by the strongest/weakest market. Still does.

    I traded straightforward, robust breakout set ups that I needed to wait for. I can not inform much change in profitability to proper now.

    I truly believe it's better to trade profitably now with forex. You, and more picks have a lot more variance in standing size alternatives.

    Peter
    Wow. Welcome aboard FF. It is a good idea to get seasoned traders here from all markets. We now have a collective of advice, general penetration, theories and strategies might be seen in this small community. Plus a number of jokes once in a while, Keep it on the DL, don't permit the supervisor know.

  17. #17
    Quote Originally Posted by mariajesuspt
    A1)I was in the Pit for 8 years. Traded DM and the Swissy mainly. Breakouts were traded by me. Actually I trade exactly the same manner now from digital terminals with less headache.

    A-2)I'd trade the warm hand. My company was got by the strongest/weakest market. Still does.

    I traded straightforward, robust breakout set ups that I needed to wait for. I can not inform much change in profitability to proper now.

    I truly believe it's better to trade profitably now with forex. You, and more picks have a lot more variance in standing size alternatives.

    Peter
    Hello Peter, are you currently curious in getting the capacity to post in the Trading Space?

    I am confident you'd have little difficulty in aswaying any uncertainties any member might have.

    As a motivation I have offered my vouch since I feel anybody who states they Traded the DM. has been around some time.

    I find BWR be at me to it but that is Oklahoma. 2 mo Re to go if you don't say NO.

    edit
    Ohhh, would not it be fine to see a Unclutered train of thought named...

    Encounters of a Pit Dealer.
    ending edit

  18. #18
    showthread.php?p=1900012#post1900012 Disliked Hello Peter, are you curious in getting the capability to post in the Trading Space?

    I am confident you'd have little difficulty in aswaying any uncertainties any member could have.

    As a reason I have previously offered my vouch since I feel anybody who claims they Traded the DM. has been around a little while.

    I find BWR beat me to it but that is Oklahoma. 2 more to go until you say NO.

    edit
    Ohhh, would not it be fine to see a Unclutered train of thought named...

    Encounters of a Pit Dealer.
    finish edit Discounted Thanks for your own interest and support.

    I am sorry I have not answered to any posts as the previous week has been a gusher. Plenty of risk, that is true but enough move to produce a lousy trader with a simple moving average system (with stops) some cash.

    Thanks everybody for the vouches for 1KT standing.

    I likely have required more than 70,000 person trades. Not if you possess a distinctive vantage point with small risk, difficult to do. Truly, although I really don't trade as often anymore make more. By trading less for larger profits per trade.

    I overlook the pit occasionally, but change is the continuous, not the exception.

    Information Investing - Maybe Not what you may believe

    All traders in the pit adopted the news. The pit is/was encircled by every conceivable news service which exists. When news arrives, good or negative for some thing, the pit traders have first edge to place themselves accurately for the influx of orders that usually come pouring in after it is heard by JQ Community on the air. Demanding to drop with that edge.

    The huge players in the pit do not use the news developing the way the modest players do. They manage several steps forward of the general public along with the pit. You, the off-ground forex trader, can function like them.

    The huge gamers consider notice of the time that the news happens, the price of the tradeable-- and trade the breakouts of the price part of the trades within 10 minutes following the news has gone out. Huge profits are feasible from these trades.

    I adore the polarizing aftereffect of news on a market. The current Bear Stearns fiasco/bailout is a good example of news that drives all players to choose their stand-in a short amount of time. In markets that are connected. It causes it to be simple for forex traders to trade the new' actions following the news is all-out and there are no more shoes to fall.

    After everyone h AS voted with their cash, they truly are either proper or incorrect.

    If they can be right, they'll shove their situation. When they may be erroneous, they are going to bail out because they do not understand recognize any mo Re what's heading on and they'll have to re-evaluate rescind or position if they've advantages to sustain.

    Either way, the forex trader gets an excellent chance once you get important news. News that's unique that it be exceptional and can not actually occur.

    News just like the Intel processor years past that had mathematics computation difficulties along with the stock plunged. Additionally, Mad Cow for cows traders..., the checklist could go on for hours.

    Now we possess the Bear Stearns shift, because the Federal Reserve revealed it truly would intercede any time there may be a danger of dilemmas.

    Straight Back to trading. Have a good-day.

  19. #19
    Thanks for this particular post Peter. I could see fragments uncovered to Dig Deeper on the area with all the invitation to locate 'The The Strain'.

    wish to expound on the Resource Information/Time facet of Gaining from Spikes.

    I comprehend postponement of making public Present Data Examination, but, perhaps you have combined a process that enables you a lowered risk of reduction while Investing these automobiles around the E-market?

    With Admiration.
    Quote Originally Posted by mariajesuspt
    Skip...I would trade the popular hand. My company was got by the strongest/weakest market. Still does. ...
    Peter
    Gotta offer a man without any prejudice some admiration. He Either Is Aware Of what he's doing OR has no hint of his current scenario.

  20. #20
    Quote Originally Posted by borlam69
    Thanks for this place Peter. I could see fragments uncovered to Dig Deeper on the area with all the invitation to locate 'The The Strain'.

    wish to expound on the Resource Information/Time facet of Gaining from Spikes.

    I comprehend postponement of making public Present Data Examination, but, perhaps you have combined a process that enables you a lowered risk of reduction while Investing these automobiles around the E-market?
    Trading the popular hand: Trading the strongest/weakest market is truly extremely easy. For instance the Eur/Dollar was upward more proportionately compared to the Usd/Chf was down. Because the Usd/Chf was not even a day it was. Unquestionably off its highs but maybe not down in accordance with last week's near. The Euro/Dollar was up, up and away! So that's the market you buy.

    And I did! I am confident I'd business from this team.

    In the pit the very first thing you discover--- when you're prepared to really make cash..., and stop the haemorrhage, is: </p>Simply be ready when it is upward on the day to buy a market. Simply be ready to sell a market if it's down on the day. </p>Clearly, it might logically follow the currencies which are upward more are better purchases along with the kinds down mo Re are the short pants that are better. So essentially, in case you get a buy set up forming on two currencies that are powerful, choose the trade on the one-up most on the day.

    This really implies that you simply won't go short a currency unless it truly is down in accordance with yesterday's near; or go miss any purpose unless the market is up on the day.

    Evaluation for your self how several substantial losses you can 've removed from your own previous trades in case you adopted these principles. In the exact same time, I'm sure using this method, you'd have removed quite few of your largest victor.

    look at this this for a short time. I've for for many years. I am still amazed by the ability of the simple notion.

    I am certain this seems simplistic to everybody, and perhaps this stuff is apparent to you all, but I question it. Just how many times can you find yourself purchasing a poorer currency rather than the one that is more powerful, presuming the more powerful one has recently went just as much as it's prone to already, or that the feebler one needs to catch up.

    Consistently buy set ups in the most powerful daily markets, consistently choose sell orders in the feeblest daily markets.

    And yes, I've think of really straightforward procedures to use this. Breakouts of interior bars on hourly graphs is one quite useable technique I take advantage of a lot. Pennants of varied buildings function well also. Once you understand in which, as well as which markets to trade guidelines--- it's a fairly . that is straightforward job

    After all, trading is simply risk management. Regrettably it may take a while for all of us to learn how to work with the simple resources we have accessible. [</br9>https://forexintuitive.com/attachments/forex1496022157.png[/img]

    -Peter-

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