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- forexstudent replied Dec 17, 2009
Newbie here but I have been told myself that I should look into the following when I wanted to scalp (I dont scalp any longer.. moved on to higher time frames although I still look at tick data.. tape reading) Jesse Livermore... Reminences of a ...
- forexstudent replied Dec 16, 2009
Zen, I feel like I am speaking to a true master, honestly. I am a firm believer of the power of the mindset. Thanks for bringing this into the forefront of my mind (that there isnt only 1 way). Also, I think the suggestion to start new as if I know ...
- forexstudent replied Dec 16, 2009
I really appreciate you post, Housetrader, what you said in the earlier post should have warned me on this one. (You said 65.00 is a major psychological level). Indeed, I got burned . This is such a great example.... lets put it a better way.. an ...
- forexstudent replied Dec 15, 2009
The Nzd/jpy is similar to G/J and other Yen pairs but it is less erratic during the day. I trade the major currencies, its just this week I am going to less volatility until I get things right. Yes, I do see the minor S/R breakout. Also, I adhere ...
- forexstudent replied Dec 15, 2009
ok. Pivot points: R1 64.84 -- stalling here. It is also resistance on 12/14 daily bar. R2 65.25 --if penetrates I do not see any prices here since 11/24 Thanks giving. During that time Nzd markets dropped like a knife.. now its back up.. So I will ...
- forexstudent replied Dec 15, 2009
Ok, here is a live trade happening and this may be a great way to show you what I tend to do.. NZD/JPY 9:10ish AM Central US Time Bought long at ~64.68 when broke out of short term resistance of 64.62 -I saw this resistance at 12/14/09 at 1030am and ...
- forexstudent replied Dec 15, 2009
Since posting, lightbulbs have been constantly firing above my head. It must be indeed a path to finding my trading style. I really appreaciate these words of wisdom. I am a short term trader, I really like longer term trading but my eyes seem to be ...
- forexstudent replied Dec 15, 2009
Thank you for your post. I will look into your journal. B/E has been mentioned again. I am starting to pay attention. I never have done breakeven.. it has either been stopped out or trailing when in positive territory. That "shady" area where the ...
- forexstudent replied Dec 15, 2009
I would definitely like to answer your question. I want to start winning starting today. I am tired of my lack of positive expectancy and I want this aspect of my trading to end. (taking profits). That is why I started to look away from books and ...
- forexstudent replied Dec 15, 2009
As you and Housetrader said, developing a profit taking strategy is simply unique to the individual, and it looks like I have some thinking to do because I never have seen it that way. I always thought there is 1 way and that stems from being ...
- forexstudent replied Dec 15, 2009
I honestly think this is tremendous help-- if I am reading into this correctly. Trading and taking profits is developed, and not cloned. It seems to me the value in what you are saying is the ability to sense risk and opportunity. This cannot be ...
- Q for veteran traders that may help rookies..
This is a question for seasoned veterans that I feel will help me and as well as other nonseasoned ...
- Posts by Member Search: 'forexstudent'