DislikedThat's two days in a row now that we've entered the same position within 5 pips of another.Ignored
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DislikedThat's two days in a row now that we've entered the same position within 5 pips of another.Ignored
DislikedBTW I'm short from 1.7670 again with SL at 1.7685 Targeting todays low. Good Luck everyone!Ignored
DislikedI have been trading for 3 years now and have blown 3 accounts a total of 16k learning the market. I have been in profit for well over 18 months now and get about 80% of my trades correct. So my 2 cents at this point is we have one to two more down moves. I see this hitting 1.74xx and a double bottom ( which is the monthly 50% retracement or 1.7380 which is the 161.8 expansion of wave 3 on the weekly chart. If this is broken then we could see 1.7279 the monthly s1. get ready for it to drop again.Ignored
DislikedYeah!! I think you've nailed more pips than me today though. This is only my 3rd trade since the close of last US Session.Ignored
Dislikedyes i totally agree...what did u do eventaully to realise what went wrong and what did u change?Ignored
DislikedWell after my first acct. I lost I started reading learning everything. EW, Fibs, price action, patterns, channels, how to use indicators correctly. All this was good knoledge. But sometimes one can have to much knowledge and out think themselves. Plus, nothing against the forexfactory I learned a lot here. But listening to other people was a distraction to my way of thinking. After the second acct. was blown. I decided not to come to the factory nor listen to any news till it was long over and just keep up on it but thats it. So the third acct. was blown on me learning what was really best for me. I am a 100% Tech. trading I could care less what the news says because all the big boys already now this well in advance and it is all the short and med term traders that jerk the market.
So now I use price action along with Stoch. which is set at 10-3-7, RSI set at 10, fibs and patterns. No moving avg. If u can not tell what the trend is by looking at it then get out of trading.Ignored
DislikedWell after my first acct. I lost I started reading learning everything. EW, Fibs, price action, patterns, channels, how to use indicators correctly. All this was good knoledge. But sometimes one can have to much knowledge and out think themselves. Plus, nothing against the forexfactory I learned a lot here. But listening to other people was a distraction to my way of thinking. After the second acct. was blown. I decided not to come to the factory nor listen to any news till it was long over and just keep up on it but thats it. So the third acct. was blown on me learning what was really best for me. I am a 100% Tech. trading I could care less what the news says because all the big boys already now this well in advance and it is all the short and med term traders that jerk the market.
So now I use price action along with Stoch. which is set at 10-3-7, RSI set at 10, fibs and patterns. No moving avg. If u can not tell what the trend is by looking at it then get out of trading.Ignored
Dislikedthanks man ...its good hear...i can relate to what u say..trading is about having a balance in thought, i see a lot of folks in here, hardly know technicals but there strength lie in being able go with the market, its very hard for me to find that balance when real money is involved and finding that balance i believe is the key also..
I never for 1 minute would have thought going with the market could be so hard, but im getting there slowly
keep up the great trading its inspiring shows there light at some end of the tunnelIgnored
DislikedAlso Navin from reading some of your stuff I see u r hedging. Stop. Put in a stop loss and a take profit. Do not be greedy and let your trade run. Acept the losses and your wins will increase.Ignored
Dislikedwell the only reason im in the hedge is cause im in trouble i cant exit one position till i know where the bottom is, the i can get rid of the sell and hang on for dear life, if i get it right then i will be profitable just from this one trade..i love a challengeIgnored
DislikedWell I would like to but it would not be fair to you. You need to learn on your own. Also keep in mind that learning the pair u r trading is hugh also. I only trade the gbp/usd period. some people would say that is crazy, but think about it. it moves almost 200 pips aday if I can catch 25 to 100 at 1 lot not a bad living. I can say I am looking for a short at the pivot point. If it breaks the pivot then I am looking at 1.79xx. If it does not make it oh well no trade it is that simple. And right now it has room to move up a bit before dropping. It is oversold.Ignored
DislikedBe careful and good luck! Hedging is the main reason I lost my 2 accts. I plan to never do it again.Ignored
DislikedBe careful and good luck! Hedging is the main reason I lost my 2 accts. I plan to never do it again.Ignored
DislikedHedging is the reason why I nearly blew my present account. But have slowly clawed back 25% of my losses over the last 1 1/2 weeks and I WILL NOT let my fund go down again. I will not hedge again. The only way is UP.Ignored