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MoneyFocus' thread of forex and fun

  • #181
  • Nov 24, 2017 8:33am Nov 24, 2017 8:33am
One lesson learned today -

Don't add to positions on what you think is a retrace if you cant handle the drawdown and panic...


Still confident that GU is going down but panicked and closed some negative positions... not proud.
  • #182
  • Nov 24, 2017 8:56am Nov 24, 2017 8:56am
Quoting MoneyFocus
{quote} {quote} Hey buddies, looking forward to you guys sharing green pips. 4xjunkie, I see that your TE has improved. Good job!
it has, been an inertesting week everything is falling into place, my opinion suck up as many long uj's as you can stomach. right now shes the reletave strength looser. has to play catchup. the low in in place. its time fore her to show everyone what she is all about. eu just punched thruogh .1910 pending order from 5 weeks ago just filled short.
Attached Image (click to enlarge)
Click to Enlarge Name: uj rsl.JPG Size: 182 KB
plan my trades, trade my plan
  • #183
  • Nov 24, 2017 10:53am Nov 24, 2017 10:53am
Quoting Seshwaan
One lesson learned today - Don't add to positions on what you think is a retrace if you cant handle the drawdown and panic... Still confident that GU is going down but panicked and closed some negative positions... not proud.
I took a long ride up on GU from 1.33185 to 1.3350 (my tp got spiked to 1.33514). Price action seems to confirm 1.3340 is somewhat holding. Good luck.
  • #184
  • Nov 24, 2017 10:53am Nov 24, 2017 10:53am
Quoting 4xjunkie
{quote} it has, been an inertesting week everything is falling into place, my opinion suck up as many long uj's as you can stomach. right now shes the reletave strength looser. has to play catchup. the low in in place. its time fore her to show everyone what she is all about. eu just punched thruogh .1910 pending order from 5 weeks ago just filled short.{image} plan my trades, trade my plan
Your TE improved again. Good job.
  • #185
  • Nov 24, 2017 7:59pm Nov 24, 2017 7:59pm
Quoting MoneyFocus
{quote} Your TE improved again. Good job.
Thank you, I"m just grateful i was not greedy and did not blow it up. at least things are turning up. i was starting to question myself. i stuck to my plan and let things play out, i put up the te on my mt4 I have to play normal rules there. its different when your making public recommendations. you never know who is listening and taking the rec's you put up. its hard enough when i loose but if i led other to losses that a double negative for me. that's why i use the 3 stops and im out rule, I have to sit the next move out. what it dose is let me clear my head for one, let things develop a bit more, i find that is normally i'm, just being to eager and not having enough of the markets info printed yet to make the correct decision. that's how i pulled off the last uj rec that is still running. if i nail that one, you see junkie money. There is a method to my madness. enjoy the weekend. for some its a way making a living, for me its the only thing i have ever experienced that allows your money work for you. i have always worked for my money, i love what i do. but i wont be able to do it forever. the day will come when the mad scientist will have to hang it up. so until then i'm getting the foundation built. all a trader needs is a connection to the internet, one eye, and be able to push either buy or sell. the rest is all in your head.
Attached Image (click to enlarge)
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all in all not a bad week.
  • #186
  • Nov 26, 2017 3:40pm Nov 26, 2017 3:40pm
I already have positions so I'll see..but shorting AUD/EUR looks do-able. Also encourage anyone to drop by here: https://www.forexfactory.com/showthread.php?p=10531126#post10531126
  • #187
  • Nov 27, 2017 5:26am Nov 27, 2017 5:26am
Heres to hoping everyone have a good week! I know I am having a good start already!

157% today! Should I call it a day? Or ride on my luck?
  • #188
  • Nov 27, 2017 5:34am Nov 27, 2017 5:34am
Thanks Sumar for your kind encouragement.
  • #189
  • Nov 27, 2017 5:52am Nov 27, 2017 5:52am
Quoting MoneyFocus
Thanks Sumar for your kind encouragement.
You welcome. I appreciate all the things I'm learning from you and the other experts
Never Ever Give Up
  • #190
  • Nov 27, 2017 6:12am Nov 27, 2017 6:12am
As with my money/risk management principle, I have divested another SGD 12,600 from the account, which is 252% of capital.

Current account balance with no positions stands at SGD 20,000, 400% of initial capital.
  • #191
  • Nov 27, 2017 6:14am Nov 27, 2017 6:14am
Quoting sumar
{quote} You welcome. I appreciate all the things I'm learning from you and the other experts
I'm no expert, I have much to learn.

How are you doing buddy?

Also, I'm happy to see junkie's TE has improved again! Great work there!
  • #192
  • Nov 27, 2017 6:46am Nov 27, 2017 6:46am
last chance to for long entry in uj. larger shark pattern of the bullish kind in the higher time frames.
Attached Image (click to enlarge)
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  • #193
  • Nov 27, 2017 6:48am Nov 27, 2017 6:48am
Quoting 4xjunkie
last chance to for long entry in uj. larger shark pattern of the bullish kind in the higher time frames.{image}
Ah, kind junkie, give me a little while more, I have yet to close my yen shorts, although they aren't on UJ.
  • #194
  • Nov 27, 2017 7:04am Nov 27, 2017 7:04am
Quoting MoneyFocus
{quote} Ah, kind junkie, give me a little while more, I have yet to close my yen shorts, although they aren't on UJ.
Sorry brother that's the end of the ride this one has power
  • #195
  • Nov 27, 2017 7:09am Nov 27, 2017 7:09am
Hi MoneyFocus. I am in deep shit.
  • #196
  • Nov 27, 2017 7:38am Nov 27, 2017 7:38am
Quoting HockMan
Hi MoneyFocus. I am in deep shit.
im not sure of what your situation is but my opinion usdjpy just made a low the next stop is 115.48. if your in trouble that should help
  • #197
  • Nov 27, 2017 7:53am Nov 27, 2017 7:53am
Quoting HockMan
Hi MoneyFocus. I am in deep shit.
Er....care to elaborate? lol.
  • #198
  • Nov 27, 2017 7:56am Nov 27, 2017 7:56am
Quoting 4xjunkie
{quote} im not sure of what your situation is but my opinion usdjpy just made a low the next stop is 115.48. if your in trouble that should help
115.48? Looks like it's going for 110.6 now
Never Ever Give Up
  • #199
  • Nov 27, 2017 7:56am Nov 27, 2017 7:56am
I am down 550k. I long usd against eur, xau, gbp. I guess i am dumb and believe in usd. Now i am really in deep trouble. Stressassss....
  • #200
  • Nov 27, 2017 7:59am Nov 27, 2017 7:59am
GJ is a real pain in the butt today......
Never Ever Give Up
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