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  • #28,681
  • Apr 12, 2019 3:26pm Apr 12, 2019 3:26pm
this should be on your radar next week AJ
Why I didnt short it? Didn't see PA also remember we went over crosses and majors. UJ was not badging down
There is nothing random what I do
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In trading, you have to be defensive and aggressive at the same time
  • #28,682
  • Apr 12, 2019 8:07pm Apr 12, 2019 8:07pm
Quoting denisius
Every time I said “ I am done for the week “ new set ups shows up . I don’t like to trade Friday’s , swaps over weekend ............
This is a misconception.

There are NO swaps over the weekend. That's why you pay triple swaps at the Wednesday close, they compensate for Saturday and Sunday.
  • #28,683
  • Apr 13, 2019 2:18am Apr 13, 2019 2:18am
Quoting Davit
{quote} you need to read this book to get confidence.Its life paradigm shift "We are not our mistakes!" Phase of Success- The word ‘success’ is used to describe eight stages that a person must go through on their quest to becoming a confident version of themselves with a positive self-image. Becoming this person is necessary for achieving any version of success. Success stands for (S)ense of direction, as in your goals, (U)nderstanding the needs of yourself and others, (C)ourage, (C)ompassion, (E)steem and self-respect, (S)elf-acceptance, or learning...
Attached File(s)
File Type: pdf Psycho-Cybernetics.pdf   1.2 MB | 946 downloads
just my 2 cents
  • #28,684
  • Apr 13, 2019 2:56am Apr 13, 2019 2:56am
Quoting v2vboni
Updatesprevious post deleted) 07:23 AM Friday, April 12, 2019 Greenwich Mean Time (GMT) Code optimization Removed Global Variables dependency for XML update/check Updated News Box Settings. (1) News.ex4 ─ classic ( web XML update/check run/reset timer from an on-load event ) {file} (2) News_Event.ex4 ─ classic but with button control for impact selection ( web XML update/check run/reset timer from an on-load event and when switching from News OFF to ON ) {file} {image}
Thank you very much for your indi. Really appreciated.
Is there the possibility to insert vertical lines on chart with tooltip and colors according to news importance?
Otherwise I could try to enhance this feature if I could have source code.
Anyway, well done!
Discipline and winning attitude
  • #28,685
  • Apr 13, 2019 4:33am Apr 13, 2019 4:33am
Just a reminder guys

Do your calendar events if you want to succeed as a trader.Being ignorant is NOT an EDGE

Success is a habit here!Develop it and get addicted to it.
In trading, you have to be defensive and aggressive at the same time
  • #28,686
  • Apr 13, 2019 4:57am Apr 13, 2019 4:57am
You going to read lot of BS in this forums people labeling common support Resistance levels with different labels naming channels etc.
Its important to focus what we do here.

I dislike BS and my approach to trading is real as it gets.No fluff no self promotion no self flattery.
Stick to it.
In trading, you have to be defensive and aggressive at the same time
  • #28,687
  • Apr 13, 2019 4:59am Apr 13, 2019 4:59am
Seems like this month is going to be very fruitful - thanks to ALL.
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Money is a part of what turns you into who you are.
  • #28,688
  • Edited 8:35am Apr 13, 2019 8:16am | Edited 8:35am
i am using this template to prepare my calendar events
Attached File(s)
File Type: xlsx 14.to.20.calendar.event.xlsx   12 KB | 550 downloads
  • #28,689
  • Apr 13, 2019 9:01am Apr 13, 2019 9:01am
Quoting ppxdf
i am using this template to prepare my calendar events {file}

Thanks!!
  • #28,690
  • Apr 13, 2019 11:15am Apr 13, 2019 11:15am
I usually trying to keep myself away from FF and trading thoughts on weekend, just to clear my mind and reset before next week but this calendar is exciting too much . A, E, C , U - all of them in my radar. Now look closely. All 4 currencies made magor moves in one direction. A was strong , C was weak, U mixed but strong and E mixed. This is what I think means PA developing. I am not trading G pairs. Not that I don’t know what to do with it, just I don’t see a reason to risk. Let Brexit settles and then I can continue to trade it. Remember people who asked” should I hold UJ” you saw what happened. The more and more every week I understand what Patience means really. Not hour not day-can be weeks of watching and waiting for perfect set up. And right now a lot of pairs in major reversal levels. I wish I can take vacation earlier to trade full week and pay full attention to market. I will probably concentrate on A and C pairs.
  • #28,691
  • Edited 1:47pm Apr 13, 2019 1:24pm | Edited 1:47pm
Quoting kingdomk
{quote} Sure am!! It was a huge mistake getting in too early, but I think I've learnt a few things from it. I'm jotting it down on my notebook - Importance of DOL and PA during these times - Look for low ADR pairs, although slow at times it will get me thinking dynamically and hopefully allow me to build some good practices - MM and Risk. I've never used trade manager, usually stops but I may consider this when I'm rushed in for work - Fundies rule, the spike up on EN was unjustified (apart from WTI hitting lows). Hang in there, have enough rounds...
I was thinking about you today actually.You have displayed classic case of someone over trading.Position too large and you wet your pants and make stupid decisions. Reduce until you can trade with peace of mind.This is critical.

We were on same trade your mindset was "please let me get out without a loss" Mine was let me wait as long as I can to milk this bitch dry."
You got out 6740-45 I think I am almost certain I got out at 6698 average price significant difference.
That's the difference.Same trade 2 very different mindsets 2 different outcomes. You made 35 something I made 575
This on top I had 40 other trades running....
Work on this.Reduce!until you can relax and maximize profits.
cheers

This is general for everyone

Your broker loves it when you use high leverage or bigger positions.Its good business for them because chances of busting the account is huge.
They never tell you reduce its not their interest....

Contrary to popular beliefs reducing position is critical of growing the account.This you rarely read about it.
Even here at FF trade explorer section you read incredible % gains which are almost all high leverage small accounts however how many have been around more then a year? Exactly cycle of gain and bust and back to rat race.Get smart understand the reality of the industry.
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #28,692
  • Apr 13, 2019 1:35pm Apr 13, 2019 1:35pm
Quoting Davit
{quote} I was thinking about you today actually.You have displayed classic case of someone over trading.Position too large and you wet your pants and make stupid decisions. Reduce until you can trade with peace of mind.This is critical. We were on same trade your mindset was "please let me get out without a loss" Mine was let me wait as long as I can to milk this bitch dry." You got out 6740-45 I think I am almost certain I got out at 6704 significant difference. That's the difference.Same trade 2 very different mindset 2 different outcomes. You...
that DO hard to break was a sign for probable more up movement of price.
some who are new to this might need more patience and let price travel more far from pivot before to start any entries hunt.

Quoting Davit
this should be on your radar next week AJ Why I didnt short it? Didn't see PA also remember we went over crosses and majors. UJ was not badging down There is nothing random what I do {image}
I'm on this since we got out from the previous range zone. curios where price will head with the data will come next week. seems they are confident in some expectations.
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Take what you can, give nothing back
  • #28,693
  • Apr 13, 2019 1:48pm Apr 13, 2019 1:48pm
Quoting denisius
I usually trying to keep myself away from FF and trading thoughts on weekend, just to clear my mind and reset before next week but this calendar is exciting too much . A, E, C , U - all of them in my radar. Now look closely. All 4 currencies made magor moves in one direction. A was strong , C was weak, U mixed but strong and E mixed. This is what I think means PA developing. I am not trading G pairs. Not that I don’t know what to do with it, just I don’t see a reason to risk. Let Brexit settles and then I can continue to trade it. Remember...
now your job is do your analyses and get in sink with the market.
Agree should be profitable week.
In trading, you have to be defensive and aggressive at the same time
  • #28,694
  • Apr 13, 2019 1:59pm Apr 13, 2019 1:59pm
Quoting Husky77
{quote} that DO hard to break was a sign for probable more up movement of price. some who are new to this might need more patience and let price travel more far from pivot before to start any entries hunt. {quote} I'm on this since we got out from the previous range zone. curios where price will head with the data will come next week. seems they are confident in some expectations. {image} {image}
My approach to calendar events is simple
I educate myself what's coming up.Loosely plan scenarios what could happen then watch the market and react to it LIVE.
Nobody can predict the outcome or market reaction however you being informed have a better idea and confidence then someone being ignorant.
I don't know the future and I don't need to know it to make money.Seems paradoxical but that's pure trading.Every second is unknown.

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy(the market) for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” (Classic loser in trading)

Sun Tzu

above quote explains my core trading principles.
In trading, you have to be defensive and aggressive at the same time
  • #28,695
  • Apr 13, 2019 1:59pm Apr 13, 2019 1:59pm
Quoting Husky77
{quote} that DO hard to break was a sign for probable more up movement of price. some who are new to this might need more patience and let price travel more far from pivot before to start any entries hunt. {quote} I'm on this since we got out from the previous range zone. curios where price will head with the data will come next week. seems they are confident in some expectations. {image} {image}

The rba are watching employment very very closely. It is the last straw that will force their hand if it starts to deteriorate. So long as there isn't a strong risk on profile that would soften the blow, a bad number would be a sell for sure but a great number might catapult it out of that range. Going to be a good week if there are deviations
  • #28,696
  • Apr 13, 2019 2:02pm Apr 13, 2019 2:02pm
Quoting Davit
{quote} I heard NZ has best roads for motorcycling.That's my passion sure would be lovely see the country on 2wheels Thanks for the offer!
Davit. The best for motorcycling!
This will age me! Owned a Matchless G9 500 twin (little brother to AJS 500 twin) and rode into Milford Sound, Fiordland National Park and environs, Southern Lakes District. Yes, my home country is New Zealand and from the south of the South Island, Invercargill. Lived in Cairns, Queensland, Australia too! NZ, Australia and US Passports.
Attached Image (click to enlarge)
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  • #28,697
  • Apr 13, 2019 2:05pm Apr 13, 2019 2:05pm
My Weekly Calendar Sunday April 14 to Friday April 19 - Entirely my thoughts!
Attached File(s)
File Type: pdf My Calendar Analysis April 14 to Friday April 19.pdf   159 KB | 605 downloads
  • #28,698
  • Apr 13, 2019 2:09pm Apr 13, 2019 2:09pm
Quoting Gmo
{quote} Davit. The best for motorcycling! This will age me! Owned a Matchless G9 500 twin (little brother to AJS 500 twin) and rode into Milford Sound, Fiordland National Park and environs, Southern Lakes District. Yes, my home country is New Zealand and from the south of the South Island, Invercargill. Lived in Australia too! NZ, Australia and US Passports. {image}
My friend you have sharp young mind! Age is just a number! That's fantastic.Its my dream to bike NZ and Australia.You can rent bikes and ride all over.
I am trying to save funds once sufficient will start traveling and quit my boring day job.
Who knows I might meet you! and others in Down Under and NZ Nice classic bikes you had.They are and were lovely
Inserted Video

World's Greatest Motorcycle Rides - New Zealand (Part 1)
In trading, you have to be defensive and aggressive at the same time
  • #28,699
  • Apr 13, 2019 5:00pm Apr 13, 2019 5:00pm
Quoting Gmo
{quote} Davit. The best for motorcycling! This will age me! Owned a Matchless G9 500 twin (little brother to AJS 500 twin) and rode into Milford Sound, Fiordland National Park and environs, Southern Lakes District. Yes, my home country is New Zealand and from the south of the South Island, Invercargill. Lived in Cairns, Queensland, Australia too! NZ, Australia and US Passports. {image}
Talk about ageing one self, as a kid a mate restored an Army Indian ( X NZ Army ), currently I enjoy a retired life in Nelson region, I have neighbours beside and across the road with Harley's, when the club's meet there are big numbers of them, I can only brag one pass port, have worked ( hydraulics industry ) in the McKay area of Queensland, when fresh out of school I drove tractors on wheat farms in Western Australia, during later years of working life I got very involved with the grape growing and wine industries of NZ, Aust’ and the USA, was only home for half the year, as far as favourit realaxing destinations go, Port Douglas during our winter months remains on top of my list. Green pips to you all, smart pivot trading is the way to go, small lots and lot's of patience, no stops but watch PA like a hawk getting it's next meal via a mouse in the corn field
  • #28,700
  • Apr 13, 2019 6:26pm Apr 13, 2019 6:26pm
Quoting Davit
{quote} I was thinking about you today actually.You have displayed classic case of someone over trading.Position too large and you wet your pants and make stupid decisions. Reduce until you can trade with peace of mind.This is critical. We were on same trade your mindset was "please let me get out without a loss" Mine was let me wait as long as I can to milk this bitch dry." You got out 6740-45 I think I am almost certain I got out at 6698 average price significant difference. That's the difference.Same trade 2 very different mindsets 2 different...
Thanks Davit! I 100% agree with you, my positions are fairly large (i do have capital) but on friday morning i was USD 880 in the red. I didnt panic, i instead added to my sell at the top when i seen the (almost) double top on 1 hr at some major R.

Ii guess i have a silly mindset. I will stick to smaller positions and scale in according to PA.

Your completely right when I was in the red i did not want to be proved wrong i had every reason to justify the probability of the move south was in my favour. More than the money it was a mindful exercise, i cant tell you the amount of times my overall direction/analysis has been accurate(ish) but a move in the wrong direction and i get stopped out before the market turns and comes into my initial TP. This time i didnt want to be proven wrong, there was no fundies supporting the move up, so instead i sold at the top failure (bit heavier on the position) and it came sailing down. Yes given i was so far in the red i was happy to BE/make a tiny profit just for the fact of my self belief/confidence i can fire rounds even when market moves against me.

Id hope to think I've learnt alot from that. More than anything though was your comment supporting my probability analysis that made me stay in it. Hopefully in time i gain that confidence. And yes ive taken your feedback on board, will be reducing my positions - I thank you sincerely for your support, guidance and wise words. Salute sir, cheers (apols for any typos and cant do emojis as im typing on my phone) travelling back from my climbing session at the o2! Cheers!!
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