DislikedWe go higher, targets:
1. 1.3358
2. 1.3478
3. 1.3490
Right now I lost all I won at november. I must be long, long time agoIgnored
- Cheers.
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DislikedWe go higher, targets:
1. 1.3358
2. 1.3478
3. 1.3490
Right now I lost all I won at november. I must be long, long time agoIgnored
Disliked1.2981 for Today...
I lost too... Didn't have time to worked the SAME Time to Closed FX ExplorersIgnored
DislikedWe go higher, targets:
1. 1.3358
2. 1.3478
3. 1.3490
Right now I lost all I won at november. I must be long, long time agoIgnored
Disliked- What happened Luis I'm very curious to know the details, because I'm about to finish EWP book?
- Cheers.Ignored
DislikedHappy belated Thanksgiving from the US...Did not trade yesterday, I was stuffing myself with food and watching american football....and crying because my stops got taken out and I 13 $@#% lots on that @$#!* %$#@% trade expecting one more turn down. But I am thankful for life, family and forex friends and I agree with GnoMO that there will be many other chances...also I was like Luis going to get a 80" TV for christmas but am going to have to wait to recoup this 11k @#*% loss. But how is everyone else doing??????Ignored
Dislikedsorry for all your loses but this will retrace but when is the key....
what i've learned from the summer is money management and not to be too greedy....
Ignored
DislikedThe problem is greed is all relative. People tell me all the time using 30-40% margin is greedy. I say whatever margin you use stick with it! Why? Because if you use 30-40% margin and then you have a loss and switch to say a 10% margin use then it takes you 3 times as much time to get it back. The key is ratio. 3 to 1 is the name of the game. You could 60-70% margin but if you have 3(profit) to 1(loss) and you are a stellar EW Jedi like Luis and the like you are in green pips!!!Ignored
Dislikedfor me i got burned big time in august and now ive learned to take it easy and only take 3% - 6% of my acct...
slow and easy wins the race says the tortoise....
hope the best for everyone.....thanks...Ignored
DislikedHi Ziko, great to see you are math teacher, I was at the university here.
The details are: Emotions, greed, no accept losses.
Emotions: You could be the best fundamental and technical analist at the world, but without emotional intelligence you zero in this business.
Greed: I was long euro yen and dollar, but I want to get all the waves as a cowboy. For example at euro yen closed my longs then short waiting the correction (and still waiting). I got my correction but no what I was looking for so I kept the short against the trend, just for trying...Ignored
DislikedI can't tell you how many times, I have been burned!!! I took a 25k loss in one weekend and I felt like I was kicked in the balls...but i told myself to stick with the ratio and I made it back in 3 days. Entries are also the key. I realized that where you enter has to be calculated with the 3 to 1 ratio and it is hard to wait sometimes for that set up to occur. But as you said you have to be comfortable risk reward and if you are not then the emotions creep in and your logical brain goes to mush!Ignored
DislikedI can't tell you how many times, I have been burned!!! I took a 25k loss in one weekend and I felt like I was kicked in the balls...but i told myself to stick with the ratio and I made it back in 3 days. Entries are also the key. I realized that where you enter has to be calculated with the 3 to 1 ratio and it is hard to wait sometimes for that set up to occur. But as you said you have to be comfortable risk reward and if you are not then the emotions creep in and your logical brain goes to mush!Ignored
DislikedA very Nice chart DT..
Bottom limit is 1.2681 to go further down.
Above 1.2995-97 it is something else.(IMO)
Current support from 1.2899 seems to be @ 1.2827-28 and 1.2797.(These are the Buying levels if you believe it is Going further Up)Ignored