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General Trading Chat / Ideas

  • #1,721
  • Jun 18, 2019 5:35am Jun 18, 2019 5:35am
USD/ CAD:
SELL at 1,3422.
SL at 1,3442.
  • #1,722
  • Jun 18, 2019 5:40am Jun 18, 2019 5:40am
Quoting Oc6oph
{quote} its very upsetting losing money. Was right to start with then flipped to long thinking it would break a level. Only going to start entering trades once the level has broke. But when I enter once level has broke feel like I’m buying high or selling low. 1.1190 broke so I’m short kind of low now I guess we’ll see how it goes

It should not be, if it does then you need to reduce your stake to a level where it does not hurt until you learn, than you increase you stake, great traders are not born, they make themselves.

You also need a plan and trade the plan, one day ago you where an harmonic trader, did you enter those last trades based on that theory? Seems to me you are chasing her on every move, do not do that, she will make you mad. You need to set your battle field and she needs to come to you, if she does not go to make love to your wife. She will not have respect for you if you chase her around.

Also during the weekend you said you could not wait for the market to open, that is not good, trading is very addictive, if you not detached yourself from it she will take your scalp and dance around it.

I am only given you a constructive criticism based on my own perception and I hope you can make a good use of it.
trading is simple but is simple is not easy.
  • #1,723
  • Jun 18, 2019 5:47am Jun 18, 2019 5:47am
AUD/ USD:
SELL at 0,6842.
SL at 0,6854.
  • #1,724
  • Jun 18, 2019 5:48am Jun 18, 2019 5:48am
Quoting Jp1
{quote} Gonna sound like digs here, but he spent months ramming it into me too! Ur using huge stops so u stop getting stopped out so much? Two things here - ur entries arent good if ur getting stopped a lot and ur risking too much with these wide stops, if ur upset when the market goes against u like today. if u used a tighter stop, refined ur entries and if adamant on ur direction then keep entering with that tight stop. Todays example: ur entry was way high in the first place, but regardless of that...if u had stuck to a 10/15 pip stop.....u...
Yes I won’t do this again. Every time I get my account up good I start making mistakes. This won’t happen again though. I use big stops to keep me from getting whipsawed out of trades
ex nihilo
  • #1,725
  • Jun 18, 2019 5:58am Jun 18, 2019 5:58am
Quoting ZenNy
{quote} back in at 1 risking my 10 pips (8 to be precise)
covered half at +13 and the rest at +1
trading is simple but is simple is not easy.
  • #1,726
  • Jun 18, 2019 5:59am Jun 18, 2019 5:59am
Quoting Oc6oph
{quote} Yes I won’t do this again. Every time I get my account up good I start making mistakes. This won’t happen again though. I use big stops to keep me from getting whipsawed out of trades
got a nice 25 pips from that counter trend trade on eur just then......against my normal plan but couldnt resist!

Also long gu and gold at the mo

Edit: That didnt last long....gu stopped out for +10 moved stops quick as wasnt confident
  • #1,727
  • Jun 18, 2019 6:06am Jun 18, 2019 6:06am
Quoting Jp1
{quote} got a nice 25 pips from that counter trend trade on eur just then......against my normal plan but couldnt resist! Also long gu and gold at the mo
Thats good I’m still holding my EU short currently down 12 pips. Thinking it might go down for a couple of days
ex nihilo
  • #1,728
  • Jun 18, 2019 6:34am Jun 18, 2019 6:34am
Quoting ZenNy
{quote} It should not be, if it does then you need to reduce your stake to a level where it does not hurt until you learn, than you increase you stake, great traders are not born, they make themselves. You also need a plan and trade the plan, one day ago you where an harmonic trader, did you enter those last trades based on that theory? Seems to me you are chasing her on every move, do not do that, she will make you mad. You need to set your battle field and she needs to come to you, if she does not go to make love to your wife. She will not have...
Just saw your post my bad for over looking it. I trade break outs on daily and H4 and harmonic patterns. I made the mistake of trying to get in a little early before the break happens. On H4 if price would have gotten above 1.1246 then it would be a buy for me so I got in a little early betting that it was going to break. From now on I’m going to wait for the break before entering
ex nihilo
  • #1,729
  • Jun 18, 2019 6:52am Jun 18, 2019 6:52am
Break of 1.1190 is break out for me on daily chart holding short at 1.1184 feels risky being short here
ex nihilo
  • #1,730
  • Jun 18, 2019 6:55am Jun 18, 2019 6:55am
Quoting Oc6oph
Break of 1.1190 is break out for me on daily chart holding short at 1.1184 feels risky being short here
but ur not worried coz u've got a nice tight stop in there, yeh!?!

gold might pull eur up again as well
  • #1,731
  • Jun 18, 2019 6:56am Jun 18, 2019 6:56am
Quoting Jp1
{quote} but ur not worried coz u've got a nice tight stop in there, yeh!?! gold might pull eur up again as well
Stops at 1.1247
ex nihilo
  • #1,732
  • Jun 18, 2019 6:58am Jun 18, 2019 6:58am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 48 KB


ECB President Draghi Speaks...

"Looking forward, the risk outlook remains tilted to the downside, and indicators for the coming quarters point to lingering softness. The risks that have been prominent throughout the past year, in particular geopolitical factors, the rising threat of protectionism and vulnerabilities in emerging markets have not dissipated. The prolongation of risks has weighed on exports and in particular on manufacturing".
  • #1,733
  • Jun 18, 2019 7:02am Jun 18, 2019 7:02am
Quoting Jp1
{quote} but ur not worried coz u've got a nice tight stop in there, yeh!?! gold might pull eur up again as well
I don’t keep up with gold so I don’t know. But I’m not going to make these mistakes again. I’ve just been trying to get better entries by getting in too early
ex nihilo
  • #1,734
  • Jun 18, 2019 7:02am Jun 18, 2019 7:02am
if u wanna make money, just short any gbp pair......its getting slaughtered everywhere, every day!
  • #1,735
  • Jun 18, 2019 7:04am Jun 18, 2019 7:04am
Quoting Oc6oph
{quote} I don’t keep up with gold so I don’t know. But I’m not going to make these mistakes again. I’ve just been trying to get better entries by getting in too early
yeh, good entries are the hardest.....and dont get me wrong, mine are shit at times (look at my two trades yesterday!)..........but gradually improving.....and as they improve, u can move that stop tighter...........it also means u hardly find urself in DD at all, and can get ur stop to BE very quickly (when u get them right)
  • #1,736
  • Jun 18, 2019 7:06am Jun 18, 2019 7:06am
Quoting Jp1
if u wanna make money, just short any gbp pair......its getting slaughtered everywhere, every day!
I’m just going to have to wait for trades. What is your strategy
ex nihilo
  • #1,737
  • Jun 18, 2019 7:07am Jun 18, 2019 7:07am
Quoting Jp1
{quote} got a nice 25 pips from that counter trend trade on eur just then......against my normal plan but couldnt resist! Also long gu and gold at the mo Edit: That didnt last long....gu stopped out for +10 moved stops quick as wasnt confident
closing the gold trade at +50 - job done!
  • #1,738
  • Jun 18, 2019 7:11am Jun 18, 2019 7:11am
Quoting Jp1
{quote} yeh, good entries are the hardest.....and dont get me wrong, mine are shit at times (look at my two trades yesterday!)..........but gradually improving.....and as they improve, u can move that stop tighter...........it also means u hardly find urself in DD at all, and can get ur stop to BE very quickly (when u get them right)
I almost never move to break even hate seeing the trade come take me out then go my way
ex nihilo
  • #1,739
  • Jun 18, 2019 7:13am Jun 18, 2019 7:13am
I have a small phone iPhone SE I hate big phones. It gets annoying trying to like all of these post. I like all of your all’s post though
ex nihilo
  • #1,740
  • Jun 18, 2019 7:14am Jun 18, 2019 7:14am
Quoting Oc6oph
{quote} I’m just going to have to wait for trades. What is your strategy
i dont really have a strategy mate.....i just try and use what Digs has rammed into me for the past 6 months..........levels, and a few moving averages and stochs....direction from an H8 and where is the weekly average / w pp......above it, im looking to buy dips, below, sell pull backs. Then watch the price around the key levels. I've found if i simplify it and keep it to a few rules, you win more than u lose.
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