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  • #46,021
  • Edited 2:07pm Sep 23, 2018 1:13pm | Edited 2:07pm
there are thousands maybe even tens of thousands of systems,methodologies and strategies that make money in the market but the one constatnt that loses is human failing. a decade ago when every cable station had a poker tournament on I remember during the interviews the players all said they disconnected themselves from the money. the chips they threw all in didnt represent a half million dollars in their minds otherwise they couldnt be successful playing. that in my opinion is the main problem traders deal with. depending what platform one uses whether the p/l window can be hidden or not i would tape over that section so not to be influenced by fear. theres one poster here that misses out on trades because of his fear of losing money that idea may help out. i never want to see my p/l realtime cause it always makes me question myself and make stupid decisions
buy the rumor,sell the news
  • #46,022
  • Sep 23, 2018 1:28pm Sep 23, 2018 1:28pm
that old saying that most people would still lose money if handed the holy grail in trading is true. human nature and ones own personal failings is the only opponent preventing successful trading. it isnt market makers or shady brokers or institutions or any other conspiracy theorys of the market that cause one to lose its just yourself. its commendable,admirable and honorable what atas doing here but most likely only a few people outt of the 300 plus lurkers will be able to use his methods successfully in the long term.
buy the rumor,sell the news
  • #46,023
  • Sep 23, 2018 1:31pm Sep 23, 2018 1:31pm
Quoting wasntme
depending what platform one uses whether the p/l window can be hidden or not i would tape over that section so not to be influenced by fear. theres one poster here that misses out on trades because of his fear of losing money that idea may help out. i never want to see my p/l realtime cause it always makes me question myself and make stupid decisions
I fully agree with you. I have my settings display profits as points rather than dollars for exactly the same reason you pointed out. Takes a little sweat off your forehead and lets you focus on whats more important - the charts!

Couple more hours till we start again, all the best guys!
You hesitate, you masturbate.
  • #46,024
  • Sep 23, 2018 1:38pm Sep 23, 2018 1:38pm
going back to poker. there were many times in those broadcasts where 2 players went all in with one of them having a superior hand but he still lost on the river not because he did anything wrong in his analysis but just from bad luck. the same thing happens in trading. you picked a spot you know price will continue but immediately reverses for whatever reason like happened to me last week that i had to average up. i feel confident price will get back to 1700ish if i just dont lose my head and panic. there was another example that price from lets say a bad luck situation happened 2 weeks ago when price fell back down to that reversal
buy the rumor,sell the news
  • #46,025
  • Sep 23, 2018 2:15pm Sep 23, 2018 2:15pm
Quoting wasntme
{quote} holy crap my joke is taking on a life of its own LOL. the only one not concerned is the principal principle of beneficence (thats a play on words). considering that most people are lazy and dont even want to use google to search a term that takes seconds, wholl want to spend a day reading a book.
Made me laugh...
  • #46,026
  • Sep 23, 2018 3:41pm Sep 23, 2018 3:41pm
Quoting digger1
Im not gonna take away from a few who helped me when I 1st started in this trading racket back in the day ,,but for those who are just starting out or ones who been around a while with out much success I aint gonna beat around the bush ,,, grab on with both hands because you are not going to know how priceless the methodology is or the finesse of what is being freely and tirelessly given here till years down the road . This level of tutoring or mentoring what ever the f*&k you want to call it does not come around often with the only cost being paying...
I'm a starter and I'm glad to hear I'm at the right place.....
  • #46,027
  • Sep 23, 2018 4:20pm Sep 23, 2018 4:20pm
Price to 1724 unless it breaches 1756.
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  • #46,028
  • Sep 23, 2018 4:30pm Sep 23, 2018 4:30pm
small short still alive from the top. lets see if we can make it to 7200 area...

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TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #46,029
  • Sep 23, 2018 4:32pm Sep 23, 2018 4:32pm
Quoting mbrown
{quote} Use your brain lad by thinking long-term: don't create a new thread, create a blog or website.
I second the motion.
Only an idiot knows with certainty to where the market is going.
  • #46,030
  • Sep 23, 2018 4:34pm Sep 23, 2018 4:34pm
good morning...
first short of the day M5
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in wondering about yourself, you forgot what you came here to be part of
  • #46,031
  • Sep 23, 2018 4:51pm Sep 23, 2018 4:51pm
Revision: Expect 1675 while below 1756 with a pause at 1724. Above 1756 then 1780 and 1805 become targets.
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  • #46,032
  • Sep 23, 2018 5:03pm Sep 23, 2018 5:03pm
if the 4h closes under 1748 im shorting more
buy the rumor,sell the news
  • #46,033
  • Sep 23, 2018 5:05pm Sep 23, 2018 5:05pm
u can say ill go all in but get out before the river card gets dealt
buy the rumor,sell the news
  • #46,034
  • Sep 23, 2018 5:09pm Sep 23, 2018 5:09pm
It's going to be a bullish week I believe, it'll drop, yes, just a bit, but I know by Friday we should see 1.191
  • #46,035
  • Sep 23, 2018 5:18pm Sep 23, 2018 5:18pm
why bullish? if the fed hikes euro gona fall because at resistence ...if euro was at 13-1400 than it most likely go up on the hike
buy the rumor,sell the news
  • #46,036
  • Sep 23, 2018 5:23pm Sep 23, 2018 5:23pm
Quoting wasntme
why bullish? if the fed hikes euro gona fall because at resistence ...if euro was at 13-1400 than it most likely go up on the hike
When you take a closer look to the monthly chart, that's what it says; yes it'll go down to 1.13&4 but not this week, I'm 95% sure of that, I may be wrong but I'm sure
  • #46,037
  • Sep 23, 2018 5:31pm Sep 23, 2018 5:31pm
monthly got to close above mays 1691 first to be bullish. im using oandas numbers so give or take a couple pips on other brokers.
buy the rumor,sell the news
  • #46,038
  • Sep 23, 2018 6:22pm Sep 23, 2018 6:22pm
MIRROR
Attached Image (click to enlarge)
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  • #46,039
  • Sep 23, 2018 6:37pm Sep 23, 2018 6:37pm
PICHFORK
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  • #46,040
  • Edited 8:41pm Sep 23, 2018 8:23pm | Edited 8:41pm
Quoting mja1001
MIRROR {image}

hi mja...thats cool with the time and price. back in the day a guy on avidtrader back in the 90's developed his own bisect of i think it was of one of the rungs of the pitchfork and always picked the time of a reversal. it was so much better than using astro. i was new back then and trying to learn so didnt give him much mind cause it seemed so esoteric but now i wish i did. where did you pick up the time component with price, id like to lern more about that
buy the rumor,sell the news
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