for the humour.. enjoy



Day Trading Terms

Advisor – the one who charges money for a piece of stock advice to cover his/her losses on the market.

Advisory Service - an advisor who lost a considerable amount of money and started new business.

Afternoon - a daily chance to give back the money you made that morning (see Friday).

Apprentice - anyone who peers at your screen shortly after you closed a profitable deal.

Average Down - what you have to do if you opened a long position and had to go to the bathroom.

Average Up - what you have to do if you opened a short position and had to go to the bathroom.

Bad Trade/Stupid Trade – an unprofitable deal that someone else carries out which does not fit your trading strategy.

Bottom - (when you have an open long position) the spot where you give up averaging down and sell; (when you have an open short position) the spot where the book recommends you to open a short position.

Break – a pause you take when you have either 2 profitable or 5 unprofitable deals in a row.

Broker - someone who studied hard and has a license to legally lose your money for a minute additional fee.

Canadian – the one who is short any stock you have.

Chart - what you check after you exit trading, trying to understand what went wrong.

Cheap Stock - a stock the price of which will decline as soon as you decide not to open a short position on it.

Confusion - 6 open positions.

Coyote Syndrome - when you feel an irresistible impulse to bite your own arm off so as not to click the mouse again.

Day Trading - trading which you start too late and exit too early.

Double Up – a phrase you employ to explain your open position after you accidentally bought more instead of selling what you had.

Down On The Day - a temporary situation until right after the next deal.

Excellent Company - any stock you know nothing about on which you carry out a profitable deal.

Excellent Long Term Investment - Position Trading that went the wrong way right after you opened a position.

Expensive Stock - a stock the price of which will rise as soon as you decide not to open a long position.

Expert – a newbie who has not begun to trade yet (see Licensed Expert).

Fossil - a rather aged dude, making less than 90 deals per day.

Freak – the one who can carry out three profitable deals in a row.

Friday – a weekly opportunity to give back everything you gained that week (see Afternoon).

Fundamental Analysis - the process of checking if you can open a short position on a stock.

Gap Up - a stock that has a higher opening price than a closing one was the day before, and will go down if you buy it, but will continue to go up if you sell it.

Genius - what you are in the eyes of an Apprentice if Lady Luck favours you 3 times in a row.

Halt (stock) – (an open position) impending really good news or really bad news, but anyway, the scariest thing possible to happen.

Highlight - selling into the rally while a dude on TV provides the complex reasons why the stock is special.

Home Run - every single deal you thoroughly consider, tell other traders about and then do not make yourself.

Huge Player - 1. A guy with over 15 thousand dollars left. 2. Any trader that has been in such a situation for more than three months.

Idiot - a fool that gives you his stock to cover your profitable short position.

INCA - (if a long position is open) some creep that puts up a 50,000 share offer right when you open a long positon; (if a short position is open) the same guy, opening a long position.

IPO - expensive cyanide.

IPO (Internet) - expensive cyanide flambé with sugar.

Joker - a professional who takes a break to laugh to himself (see Professional, Break).

Level 2 - the circle in Hell where Satan explains an extremely complicated way how to lose a great amount of money for a very short period of time.

Licensed Expert - a dude with a Series 7 license who has not started trading yet.

Loudmouth - 1. Anyone that says anything near you, while you are losing a deal. 2. A newbie who cannot pull the trigger at first, but finally does it, screaming: "Yahoo! It's running!"

Lucky Deal - a profitable deal someone else made that does not fit your strategy much.

Lunch Money - what you waste away between 11 a.m. and 1 p.m. (ET).

Manager - a day trader who found out a Never Lose Trading System.

Margin - (if you are up) a safe situation with huge potential return (if you are down) an evil trick by Unseen Forces that can cause you losing more money than you have.

Margin Call - what happens when your clearing firm makes an accounting mistake.

Market Maker - the one who set up a secret video camera behind you and who takes the other side of each of your unprofitable trades.

slowpoke - a blockhead, buying your profitable long position.



Moving Average - a curly line that has nothing to do with the price movement if you have an open position.

Pain - exiting at loss, reversing your position on a stock and then watching it go the way you knew it would in the first place.

Position Trading - day trading that went the wrong way right after you took a position.

Pro - a guy at trading centre who says nothing and keeps smiling all the time (see Joker).

Scalping - losing only an eighth in one go.

Secret Deal – a deal that you do not tell about to the Apprentice when he asks you how you are doing.

Short List – a daily list of stocks that will rise and never pull back.



Short List Request – a request submitted to the clearing firm which contains a list of all stocks that you could open short positions on yesterday and tomorrow, but not today.

Short Squeeze - (when you have an open short position) when a person that you have never met before and that should not have anything against you attempts to hurt you and your family on purpose; (when you have an open long position) a proof that you are a true genius.

Special Situation - when you watch your losing stop limit go by and open a position of larger volume instead of exiting trading (see Long Term Investment).

Spread – (if a deal is profitable) sharing your wealth; (if a deal is unprofitable) a malicious market maker who rips you off.

System Trading - a phrase you employ to explain to the Apprentice how your trade did not work out the way you meant.

Technical Analysis - (traditional) a voodoo, the animal blood and chanting excluded; (Point and Figure) a really weird voodoo, the animal blood and chanting excluded.

Top - (when you have an open long position) the point on the chart where the stock price backs off fast before you get out; (when you have an open short position) the exact spot where you cover.

Trainer - the only man in the room who has never tried intraday trading in his life.

Trend Line - an imaginary line on the price chart that only changes when the market is closed or when you are not looking.

Up On The Day - what you are when the market closes, not taking into account ticket charges.

Uptick - (when you have an open long position) added hope; (when you have an open short position) a market maker, letting everyone else in; (if no positions are open) a good chance to lose some money through opening a short position.

Volume Spike - (an open position) confirmation that you are either the smartest person or the biggest idiot on Earth; (no positions are open) confirmation that you are the smartest person on the planet, but you were not paying attention.

You might want to read the elliot wave analysis of usdcad, Eurgbp and JP Morgan.

http://forexsnipper..com/2015/07/usdcad-to-take-rest.html

http://forexsnipper..com/2015/07/tripple-zigzag-in-eurgbp.html

http://forexsnipper..com/2015/07/perfect-forecast-of-jp-morganthe-power.html

@Bellonaire, currentprice .... Thanks a bunch.
Mama Ejiro fresh fish banga and starch been de make sense that year sha . . .

Capitals:


Just nursing all of my old positions and gbpnzd sell, actually made my analysis and conclusions before the mild challenge.

Likely going to do nothing new for a while, if all existing trades go well then I ll hit my target. (I target 100% ROI every 4 months which my current trades can deliver)
let s see how it fares . . .

Closing gbpnzd sell, hit target much faster than I expected/anticipated. For that reason I will be replacing with a Gbpaud sell, its a late entry so I ll be happy if I can get 250pips on it, unless it decides to make a higher high before heading towards my profit target. This is my first chart analysis after my health challenge, just hope the head is clear enough to make sound trade judgments. I think so anyway

High risk trading, low risk trading, medium risk trading all depends on the traders appetite and control for risk..the fact that a trader executes low risk trades doesn't necessarily make him any more profitable or a better trader than the high risk trader.
If the market is all about risk , you need to learn how to optimize the risk and take calculated risk . .. you need good mathematical skills for this anyway. There isn't any best way to trade
most traders just feel they are already expert in trading and thus refuse to keep learning further (seeing other traders approach to trading and adding more tactics to your system), this will enable you make good use of the leverage (moderate leverage ofcourse) the market has to offer.

Pls Newbies ignore this message

TheShootist:


Newbies, note! This is how you know the originals. Pls ignore the smarter guys. Its the supposedly 'dumb' or 'not so bright' people like this that can take you into the promise land, not the 'smart' folks trading like a carousel, 4,000 pips per day, after 4 years they are still looking for subscribers. Marketers. They are many. At the end of the day, they all fall down.

Ps: Its actually possible to make kazillion amount of pips per day. But when you come with this assurance of a sleep walker and speak in certainty, excluding the probability parts of the market, and project an 100% perfect mechanism, bro, you loose my attention.

The Shootist.

trade of the day ,,,,,

though pound appear to be getting stronger,,, but the price candle set to fall gbp.aud.

SELL GBP.AUD NOW @ 2.1138 SL 100 PIPS BUT BORROW USAIN BOLT LEG IF 2.1201 GET BROKEN

TP OPEN,,,,

you are the ceo of your trading acct. manage it well.

better you wait confirmation until price close below the 1Hr 100S/EMA , however a buy from here could be your bullish trade for the week

currentprice:
trade of the day ,,,,,

though pound appear to be getting stronger,,, but the price candle set to fall gbp.aud.

SELL GBP.AUD NOW @ 2.1138 SL 100 PIPS BUT BORROW USAIN BOLT LEG IF 2.1201 GET BROKEN

TP OPEN,,,,

you are the ceo of your trading acct. manage it well.

I bought Gu @1.5584 sl @1.5534 tp @1.5666

jorel1:
better you wait confirmation until price close below the 1Hr 100S/EMA , however a buy from here could be your bullish trade for the week

thank brother but i don't believe in ema/sma let wait until 10am and see

currentprice:


thank brother but i don't believe in ema/sma let wait until 10am and see

I'm with you on SELL GBPAUD.

lol , just statistics

currentprice:


thank brother but i don't believe in ema/sma let wait until 10am and see

divinepips:


It can go with any pair depending on your parameters. UJ buy of since last week.PEACE!!!

I agree with you its just that those 4 make big moves and allow you to close shop for the month easily like Gold below

mrikay:
Shevychen, Naijababe.... Where are you?

On ghost mode doing my gambling bro as you can see below... Had to drastically cut down participation on this thread.

TheShootist:


Newbies, note! This is how you know the originals. Pls ignore the smarter guys. Its the supposedly 'dumb' or 'not so bright' people like this that can take you into the promise land, not the 'smart' folks trading like a carousel, 4,000 pips per day, after 4 years they are still looking for subscribers. Marketers. They are many. At the end of the day, they all fall down.

Ps: Its actually possible to make kazillion amount of pips per day. But when you come with this assurance of a sleep walker and speak in certainty, excluding the probability parts of the market, and project an 100% perfect mechanism, bro, you loose my attention.

The Shootist.

Those that will hear will hear bro.. The rest will hear after their pockets have paid for their folly. There is nothing left to be said about profitable trading that hasn't been said here but yet you will hear one silly thing or the other each week.. True there isn't one path to trading but some paths will lead you to damnation faster.

I have decided to stop talking to avoid internet dickswinging with unscrupulous teenagers. Each to his own.

TheShootist:
I bought Gu @1.5584 sl @1.5534 tp @1.5666

Stop loss don hit since last year
Torr.. Unto the next one

Shevychen2:


On ghost mode doing my gambling bro as you can see below... Had to drastically cut down participation on this thread.

Sir, I urge you to reconsider on account of your disciples. Unless of course there is another way via which we could keep in touch.

buy usdchf now at 0.9600, first tp=50pips. second tp=100pips. rrr=1;1

Shevychen2:


Those that will hear will hear bro.. The rest will hear after their pockets have paid for their folly. There is nothing left to be said about profitable trading that hasn't been said here but yet you will hear one silly thing or the other each week.. True there isn't one path to trading but some paths will lead you to damnation faster.

I have decided to stop talking to avoid internet dickswinging with unscrupulous teenagers. Each to his own.

Thanks bro, seriously ehn, thats why i just ignored the guy above who opposed my post. I dont know why you will encourage newbies on a high risk approach. I will rest like you. Anybody that wants to trip for scam should go ahead, na their wahala be that.

Yaw, so, whats the markets saying

sell eu now @ 1.0866 first tp=50pips, second tp=80pips

people fighting opinion superiority since 1865

jorel1:

better you wait confirmation until price close below the 1Hr 100S/EMA , however a buy from here could be your bullish trade for the week

lol , just statistics

How is this statistics please . . .

hmm, (mean, average) value of price within a time period (every high school graduate would know this), price will always revert to the mean. However literally also acting as dynamic support or resistance.

I once used an ARIMA model - box Jenkins methodology based on moving averages using the R programme to forecast crude oil prices within a time period, so if you need more mathematical description of statistics, let me know.

Capitals:




How is this statistics please . . .

This trade call was made with (28,30,100)ICHIMOKU KINKU HYO cloud. Usually this cloud is impenetrable anytime it comes in the opposite direction of TREND Hence a good level to reverse the market and follow the TREND. 1hour time frame.

iheanyiebeneze:
sell eu now @ 1.0866 first tp=50pips, second tp=80pips

To get it simply insert ichimoku,goto PARAMETERS(Tenkan-sen: = 28, Kijun-sen: = 30, Senkou span B:=100).
then goto
COLORS and select the LAST BOLD LINE for all.
click OK.
ZOOM your chat to the last level.
Someone should help us post his or her chat lets see.
My Notebook laptop cannot allow me post chat.
Hit like if this helps you

#GBPAUD , the News from Australias Monetary Policy Meeting Minutes early this morning should begin to affect the market anytime now.. more information on your 1 Hr candlesticks.

jorel1:
hmm, (mean, average) value of price within a time period (every high school graduate would know this), price will always revert to the mean. However literally also acting as dynamic support or resistance.

I once used an ARIMA model - box Jenkins methodology based on moving averages using the R programme to forecast crude oil prices within a time period, so if you need more mathematical description of statistics, let me know.

Sorry bro, I must have skipped high school before I bagged a degree in Ind maths/Applied statistics . From the little I know you are blabbing[i][/i].

But as I said, its the little I know. It also tells me you are best ignored (Even a fifth grader can tell that)

And there is still no relationship between what that fellow said and statistics, I m a practicing math/statistician and just got promoted on the job, so I guess I know a bit.

My friend, moving averages is simply statistics, don't argue unnecessarily
if you claim to bag a degree in statistics (is it third class or pass??)and don't know this then probably because of the obvious (someone didn't attend classes, although i don't know how it works in your Universities in Nigeria. however the school that gave you that degree should be probed.) ... something i use all the time in my doctoral work on random processes.
your question was how is moving averages related to statistics

Capitals:


Sorry bro, I must have skipped high school before I bagged a degree in Ind maths/Applied statistics . From the little I know you are blabbing[i][/i].

But as I said, its the little I know. It also tells me you are best ignored (Even a fifth grader can tell that)

I want to advice my learned (Forex traders) friends,
Anytime your Trade alert goes contrary to another persons trade alert, simply cross check your TRADING STRATEGY, if you are convinced with your position, simply take the trade and allow your take profit and stop loss to do the needful. No one , i repeat no one has the monopoly of this Forex market direction.
If "Person A" trading strategy is sound and "Person B" trading strategy is sound, Forex will pay both of them one after the other. When Person "A" is been paid, Person "B" will be in negative, but sooner or later Person "B" will be paid.
That's the beauty of this Forex trading,
BUT YOU MUST HAVE A SOUND TRADING STRATEGY.
I wish you all more "green pips" than "red pips".
HAPPY TRADING.

jorel1:
My friend, moving averages is simply statistics.
if you claim to bag a degree in statistics (is it third class or pass??)and don't know this then probably because of the obvious (someone didn't attend classes, although i don't know how it works in your Universities in Nigeria) ... something i use all the time in my doctoral work on random processes.
your question was how is moving averages related to statistics

Dude didn't ask you to explain moving means over specific time periods, just said he did't believe in them. and you go ''LOL, its statistics''

That will DISGUST any true STATISTICIAN.

And yes, I m proudly naija.

whatever disgusts you is your problem, try to deal with it...
But calling yourself a true statistician sounds more disgusting.

Capitals:


Dude didn't ask you to explain moving means over specific time periods, just said he did't believe in them. and you go ''LOL, its statistics''

That will DISGUST any true STATISTICIAN.

And yes, I m proudly naija.

There you go

jorel1:
#GBPAUD , the News from Australias Monetary Policy Meeting Minutes early this morning should begin to affect the market anytime now.. more information on your 1 Hr candlesticks.

currentprice:
trade of the day ,,,,,

though pound appear to be getting stronger,,, but the price candle set to fall gbp.aud.

SELL GBP.AUD NOW @ 2.1138 SL 100 PIPS BUT BORROW USAIN BOLT LEG IF 2.1201 GET BROKEN

TP OPEN,,,,

you are the ceo of your trading acct. manage it well.

congrats ,,,,if you follow me take this trade..

Currentprice drop from here,,,,may go more down,,,, but like to take what he have now.