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  • #77,481
  • Feb 11, 2019 10:03am Feb 11, 2019 10:03am
Bought 1.12726 (last quarter's low). SL 6 pips. Maybe a revenge trade for closing my shorts too early maybe not. Nothing too hopeful, just 15 to 20 pips will do or SL to BE and trail till rollover.
You hesitate, you masturbate.
  • #77,482
  • Feb 11, 2019 10:05am Feb 11, 2019 10:05am
Time go in....
Buy @ market 1.12773
SL : 1.12173( 60pips) computer stop
TP : 1.13993 ( 120pips) computer stop.
( Willing to risk the +59pips profit made to go for 120pips profit)
Let's go.... ...
Cheers
tslj
  • #77,483
  • Feb 11, 2019 10:08am Feb 11, 2019 10:08am
Quoting engweijie
Bought 1.12726 (last quarter's low). SL 6 pips. Maybe a revenge trade for closing my shorts too early maybe not. Nothing too hopeful, just 15 to 20 pips will do or SL to BE and trail till rollover.
Weekly S1 after a weekly low ,will usually get ya something this time of day ,,watch 1290 and 1303
  • #77,484
  • Feb 11, 2019 10:09am Feb 11, 2019 10:09am
Quoting engweijie
Bought 1.12726 (last quarter's low). SL 6 pips. Maybe a revenge trade for closing my shorts too early maybe not. Nothing too hopeful, just 15 to 20 pips will do or SL to BE and trail till rollover.
SL moved to -2. Running a fever today so I'll sleep on this one. Give me some pips for valentines' day on thursday or at least my birthday on Friday so I can replenish that whiskey stash ):

Edit: SL to +2 to pay for swap and a pack of cigarettes in case I really fall asleep and can’t close out manually.
You hesitate, you masturbate.
  • #77,485
  • Feb 11, 2019 10:15am Feb 11, 2019 10:15am
i do not react a lot because i normally do not have any interesting or wise to contribute. But i can say after today that i can't wait going to college where you just can have a laptop with you. Missing a absolute perfect day like today because you just arrived home is pretty sad lol.

Hope everyone got a bucket full of pips cashed in today!
  • #77,486
  • Feb 11, 2019 10:15am Feb 11, 2019 10:15am
Quoting digger1
{quote} One after another Moty ,,how many you gonna let slip by ,,your getting the opposite on the eur ,,just wrong on 2 separate instruments {image} at least let it gain one level back ,something anything to start
Don't we all trade our beliefs. The main problem with new traders coming to FF(not talking about you Moty just in general) is the lack of cohesive teaching. Even babypips struggles with a simplistic view of what the Forex "Market" really is.

I like to think of it this way. Forex is like you are a new student in a Mechanics class. You enter the room and there is a disassembled motor on the table and an entire chest of tools. The teacher barely greets you and says, "Go ahead and reassemble that motor and get it working. That is your assignment and we are going to charge you money for every mistake you make.".

When you ask what a tool is, the teacher tells you its name. He never explains what it is used for or how it works. Most of the time it is a Carpentry tool instead of a mechanic's tool.

What ends up happening is all the students gather around the motor and start shouting at one another, "Do it like this! No, not that way! My way is better!" and 99% of the students end up more confused than ever.

Of course, there are also hordes of charlatans and salesman trying to sell you the next 'Amazing Machine' that can assemble that motor for you! "All you have to do is switch it on!"

Sadly this process can take years to sort through and thousands of dollars in 'fines' for mistakes.
Nobody has verifiable forex teaching credentials, or if they do they want your first child in payment for their "Secrets".

I have read Moty's belief, "I believe in Pivots.". Okay, grand! Have you studied that tool? Where did it originate? What market? Does that tool translate in the same way to this market? What is the optimum market condition to utilize that tool to its fullest potential? Is it possible you are trying to drive a "Screw" with a "Hammer"?(none of these questions are meant as a slight or to offend, but are questions I ask myself when looking at a tool to apply to my trading)

I have seen so many of these conversations...
Good on you digger for your patience and perseverance. (big thumbs up)
  • #77,487
  • Feb 11, 2019 10:18am Feb 11, 2019 10:18am
Quoting Ftj
i do not react a lot because i normally do not have any interesting or wise to contribute. But i can say after today that i can't wait going to college where you just can have a laptop with you. Missing a absolute perfect day like today because you just arrived home is pretty sad lol. Hope everyone got a bucket full of pips cashed in today!
MT4 mobile bro. Was in your shoes the last couple of yours and mobile was a godsent in situations like that
You hesitate, you masturbate.
  • #77,488
  • Feb 11, 2019 10:21am Feb 11, 2019 10:21am
Quoting Skracor247
{quote} Don't we all trade our beliefs. The main problem with new traders coming to FF(not talking about you Moty just in general) is the lack of cohesive teaching. Even babypips struggles with a simplistic view of what the Forex "Market" really is. I like to think of it this way. Forex is like you are a new student in a Mechanics class. You enter the room and there is a disassembled motor on the table and an entire chest of tools. The teacher barely greets you and says, "Go ahead and reassemble that motor and get it working. That is your assignment...
Ah its hard when ya get used to something right or wrong ,,to make a big change leaves one feeling a bit naked ,,, it takes one little trade to go right ,,then it will start sinking in ,,then another little change ,,can be a slow process ,, I spent a lot of years the same way sorting thru a lot of bullshit ,, I have my days yet here and there ,, I will keep pecking away lol
  • #77,489
  • Feb 11, 2019 10:23am Feb 11, 2019 10:23am
Quoting engweijie
{quote} MT4 mobile bro. Was in your shoes the last couple of yours and mobile was a godsent in situations like that
I tried that engweijie! only problem is that we have a pretty strict rule in our school for mobile phones. Happend twice that the teacher toke my phone while trying to set my SL, couldnt close it for the whole day because of that, so to much of a risk.
Also i like trading on computer more because it's easier to switch between all time frames, and managing all trades!
  • #77,490
  • Feb 11, 2019 10:29am Feb 11, 2019 10:29am
Quoting digger1
{quote} Ah its hard when ya get used to something right or wrong ,,to make a big change leaves one feeling a bit naked ,,, it takes one little trade to go right ,,then it will start sinking in ,,then another little change ,,can be a slow process ,, I spent a lot of years the same way sorting thru a lot of bullshit ,, I have my days yet here and there ,, I will keep pecking away lol
LOL!! Yeah, a lot of years, and that's just an estimate. Rock bottom has a basement!!
  • #77,491
  • Feb 11, 2019 10:30am Feb 11, 2019 10:30am
One has to get the belief thing down to believing the mkt is going to do what it always does ,, thts all ,,,, cant think about what you think a mkt is going to do tht dont matter ,, you start thinking about what a chart is telling you its going to do
  • #77,492
  • Feb 11, 2019 10:31am Feb 11, 2019 10:31am
Quoting digger1
{quote} Ah its hard when ya get used to something right or wrong ,,to make a big change leaves one feeling a bit naked ,,, it takes one little trade to go right ,,then it will start sinking in ,,then another little change ,,can be a slow process ,, I spent a lot of years the same way sorting thru a lot of bullshit ,, I have my days yet here and there ,, I will keep pecking away lol
Too true! It takes some years to get through other peoples 'bull' to get to work on your own.
  • #77,493
  • Feb 11, 2019 10:32am Feb 11, 2019 10:32am
Quoting Ftj
{quote} I tried that engweijie! only problem is that we have a pretty strict rule in our school for mobile phones. Happend twice that the teacher toke my phone while trying to set my SL, couldnt close it for the whole day because of that, so to much of a risk. Also i like trading on computer more because it's easier to switch between all time frames, and managing all trades!
Ahh shucks. I totally feel you. Was in your equivalent of high school when I lost an entire week's allowance because of exactly what you described. Maybe (for now) plays on the higher timeframes say H4 and smaller position sizes to allow more buffer would suit you more? We had a rule in our school back then where you had to surrender your phones at the start of class and only get em back at the end. So by virtue of timezone I'd enter about an hour or two after rollover, then I'd get my phone back around Frankie/London open which was more than enough time to set my trade's SL to BE or some profit OR close with a small loss (since Asian session is quite quiet) then the rest of the day I'd be able to monitor and add positions if the setups were valid. Bedtime for me back then was thereabouts when NY opened so I'd close my trades then. I could only take one trade (per pair) a day back then but it was better than nothing and I got to study the markets better at a younger age than my peers.

Maybe you could try something like that? Once school's over you could look to add onto existing positions or take new trades on the smaller timeframes but in the hours you have to be at class trade the H4
You hesitate, you masturbate.
  • #77,494
  • Feb 11, 2019 10:33am Feb 11, 2019 10:33am
Quoting bobby2
I was short @ 1.1291. I have S3 marked as 1.12735. Under that is nothing. I haven't got a clue how deep this can go, AND all I kept thinking is, "Hey, if it can spike down almost 20 pips twice in n hour, what's stopping this pair from spiking up the other way?", so I got out @1.1275x. I had been looking at OK Shop's chart and noticed he had 1.12668 marked, which looked doable to me, but I chickened out at the round number.
Bull in the cave...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 42 KB
Self discipline It is a practice
  • #77,495
  • Feb 11, 2019 10:42am Feb 11, 2019 10:42am
Quoting engweijie
{quote} Ahh shucks. I totally feel you. Was in your equivalent of high school when I lost an entire week's allowance because of exactly what you described. Maybe (for now) plays on the higher timeframes say H4 and smaller position sizes to allow more buffer would suit you more? We had a rule in our school back then where you had to surrender your phones at the start of class and only get em back at the end. So by virtue of timezone I'd enter about an hour or two after rollover, then I'd get my phone back around Frankie/London open which was more...
I tried that! but yeah the positions where so small that i could make maby 4 a 5% a month, which is really small too grow with such a small account. Our schooltimes are exactly before the market open and end after or around the market close, so the best hours are already gone.
It's just another 4 months before the graduation so i will survive that , after my 3 week trip to thailand in the summer everything will be for next school year a bit more easy!
  • #77,496
  • Feb 11, 2019 10:49am Feb 11, 2019 10:49am
Quoting engweijie
{quote} MT4 mobile bro. Was in your shoes the last couple of yours and mobile was a godsent in situations like that

Hahahahah Eng influencing the youths!!!!

I literally thought you traded in class keeping your cell in your shoes lol lol

I had to reread....lol
  • #77,497
  • Feb 11, 2019 10:50am Feb 11, 2019 10:50am
Quoting Ftj
{quote} I tried that! but yeah the positions where so small that i could make maby 4 a 5% a month, which is really small too grow with such a small account. Our schooltimes are exactly before the market open and end after or around the market close, so the best hours are already gone. It's just another 4 months before the graduation so i will survive that , after my 3 week trip to thailand in the summer everything will...
Hang in there buddy. In the grand scheme of things most people don't start that early even my current circle of friends would rather get scammed by insurance-investment linked policies than pick up an actual thing or two about actual trading and/or investing. All the old birds here are dropping giant nuggets of trading wisdom so just keep hanging out here with us - so when they're rich(er) and retired in the bahamas and its time for the other fellas from our generation to step up and take over, we'd be years ahead of them in terms of experience and whatnot. Until then, hang in there. It gets better with time
You hesitate, you masturbate.
  • #77,498
  • Feb 11, 2019 10:51am Feb 11, 2019 10:51am
london's closing in a few minutes. may unload a few orders to move the market up or down for a bit.
  • #77,499
  • Feb 11, 2019 10:53am Feb 11, 2019 10:53am
Quoting kayikayi
{quote} Hahahahah Eng influencing the youths!!!! I literally thought you traded in class keeping your cell in your shoes lol lol I had to reread....lol
Had it in my pencil case hah covered it with my calculator cover when the teachers walked past. Funny story - I hated standard deviation when I was in school. Years later (last weekend) I found myself studying the notes knkie shared last week on that exact topic just applied to trading LOL
You hesitate, you masturbate.
  • #77,500
  • Feb 11, 2019 10:55am Feb 11, 2019 10:55am
Quoting engweijie
{quote} Hang in there buddy. In the grand scheme of things most people don't start that early even my current circle of friends would rather get scammed by insurance-investment linked policies than pick up an actual thing or two about actual trading and/or investing. All the old birds here are dropping giant nuggets of trading wisdom so just keep hanging out here with us - so when they're rich(er) and retired in the bahamas and its time for the other fellas from our generation to step up and take over, we'd be years ahead of them in terms of experience...
Thanks man i will try! maby the calculator isn't such bad idea !
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