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  • #1,196,841
  • Jun 30, 2021 10:38am Jun 30, 2021 10:38am
Quoting here2there
{quote} What criterion did you use to buy at this level? What is your take profit target?
You really never learn... until now you never had a clue of what kind of a trader i am. Did I ever put TP in any trade I posted?
Only an idiot knows with certainty to where the market is going.
  • #1,196,842
  • Jun 30, 2021 10:40am Jun 30, 2021 10:40am
Quoting MrBullBear
{quote} You really never learn... until now you never had a clue of what kind of a trader i am. Did I ever put TP in any trade I posted?
I know what kind of trader you are. You are a scalp trader.

So please provide some context for your chart. What specifically made you decide to buy at that price? And why not have a target?
Learn from your mistakes and march on.
  • #1,196,843
  • Jun 30, 2021 10:44am Jun 30, 2021 10:44am
Quoting MrBullBear
{quote} You really never learn... until now you never had a clue of what kind of a trader i am. Did I ever put TP in any trade I posted?

“Never argue with stupid people, they will drag you down to their level and then beat you with experience.”

― Mark Twain
who dares wins
mashFX DSRII Return This Year: na
  • #1,196,844
  • Jun 30, 2021 10:46am Jun 30, 2021 10:46am
Quoting mashfx
{quote} “Never argue with stupid people, they will drag you down to their level and then beat you with experience.” ― Mark Twain
Do you think it is stupid to ask questions? Do you think it is stupid to ask other traders why they have chosen to buy or to sell at a certain price?
Learn from your mistakes and march on.
  • #1,196,845
  • Jun 30, 2021 10:46am Jun 30, 2021 10:46am
Quoting here2there
{quote} I know what kind of trader you are. You are a scalp trader. So please provide some context for your chart. What specifically made you decide to buy at that price? And why not have a target?
How many times, price reversed before it reaches a target? And worse, may result to a drawdown. So instead of putting TP, just keep adding and trail it with stops. Your goal as a trader is to protect your account first.
Attached Image
Only an idiot knows with certainty to where the market is going.
  • #1,196,846
  • Jun 30, 2021 10:54am Jun 30, 2021 10:54am
Quoting MrBullBear
{quote} How many times, price reversed before it reaches a target? And worse, may result to a drawdown....{image}
I think it is better to have a take profit target than to not have one. If things go wrong, then adjustments can be made to adapt to changing market conditions.

That said, what specifically made you decide to buy at that price?
Learn from your mistakes and march on.
  • #1,196,847
  • Jun 30, 2021 11:02am Jun 30, 2021 11:02am
Quoting here2there
{quote} I think it is better to have a take profit target than to not have one. If things go wrong, then adjustments can be made to adapt to market conditions.
Go ahead do it... then "hope", "pray", "wish" till it goes back to atleast breakeven. Or draw another technical analysis that will favor your bias that will favor you bias. Look, in every technical analysis, there's another technical analysis on the opposite side.. take your pick, one will be right and one will be wrong, but the one who is right, could be wrong the next time. It's a merry go round faggazi that people don't see. Create a method out of it amd take advantage of what you know.
Attached Image
Only an idiot knows with certainty to where the market is going.
  • #1,196,848
  • Jun 30, 2021 11:03am Jun 30, 2021 11:03am
what happend to this fred? it used to be soooo sleepy. lol.

this is a short imo - only the entry point is of interest. me thinks 14.18663 ish.
In tea leaves we trust!
  • #1,196,849
  • Jun 30, 2021 11:05am Jun 30, 2021 11:05am
Quoting Mcbeaners
what happend to this fred? it used to be soooo sleepy. lol. this is a short imo - only the entry point is of interest. me thinks 14.18663 ish.
Who is Fred? What 14.18 are you talking about?
  • #1,196,850
  • Jun 30, 2021 11:08am Jun 30, 2021 11:08am
Quoting MrBullBear
{quote} Go ahead do it... then "hope", "pray", "wish" till it goes back to atleast breakeven. Or draw another technical analysis that will favor your bias that will favor you bias. Look, in every technical analysis, there's another technical analysis on the opposite side.. take your pick, one will be right and one will be wrong, but the one who is right, could be wrong the next time. It's a merry go round faggazi that people don't see. Create a method out of it amd take advantage of what you know. {image}
So what specifically made you decide to buy at that price? Was it merely an impulsive response or did you have a specific reason for taking the trade?

Note: I am asking you this because you shared your chart with me.
Learn from your mistakes and march on.
  • #1,196,851
  • Jun 30, 2021 11:10am Jun 30, 2021 11:10am
Excellent point, in my experience is best to keep a tp present on choppy/sideways markets.
In trending markets you must allow more room for your tp and let market conditions dictate exit.

Cheers and happy trading!
  • #1,196,852
  • Jun 30, 2021 11:14am Jun 30, 2021 11:14am
Quoting MrBullBear
{quote} Go ahead do it... then "hope", "pray", "wish" till it goes back to atleast breakeven. Or draw another technical analysis that will favor your bias that will favor you bias. Look, in every technical analysis, there's another technical analysis on the opposite side.. take your pick, one will be right and one will be wrong, but the one who is right, could be wrong the next time. It's a merry go round faggazi that people don't see. Create a method out of it amd take advantage of what you know. {image}
I created my little algo that tells me when should I should go in or when should I close. I also placed a buy trade in the same spot as you but for now there is still some bear pressure that will fade eventually and hopefully and if not well next time I guess. I have no TP too, whenever the algo tells me get the f out of the trade I will get the f out . Honestly I prefer the algo do the job for me then me trying to figure out what is going on, way less stressing
  • #1,196,853
  • Jun 30, 2021 11:14am Jun 30, 2021 11:14am
Quoting Techanalyst
{quote} Who is Fred? What 14.18 are you talking about?
you don't know him? aka thread.

sorry that should be 1.1866
In tea leaves we trust!
  • #1,196,854
  • Jun 30, 2021 11:18am Jun 30, 2021 11:18am
Quoting Esbuga
{quote} I created my little algo that tells me when should I should go in or when should I close. I also placed a buy trade in the same spot as you but for now there is still some bear pressure that will fade eventually and hopefully and if not well next time I guess. I have no TP too, whenever the algo tells me get the f out of the trade I will get the f out . Honestly I prefer the algo do the job for me then me trying to figure out what is going on, way less stressing
for me, too, my algo trades, but I have to look at it from time to time.
  • #1,196,855
  • Jun 30, 2021 11:23am Jun 30, 2021 11:23am
Quoting Mcbeaners
{quote} you don't know him? aka thread. sorry that should be 1.1866
Thanks for price correction, and I do not know "aka thread".
  • #1,196,856
  • Jun 30, 2021 11:25am Jun 30, 2021 11:25am
Quoting here2there
{quote} So what specifically made you decide to buy at that price? Was it merely an impulsive response or did you have a specific reason for taking the trade?
I told you many times, study currency market, what makes them move. Gather all economic fundamental data available of the pairs you will trade. What makes one stronger and weaker? What are the current situation of those country and what are they doing, what events currently facing and what actions they are taking to improve or worsen its status. Observe market behavior, Observe human behavior. (Trading in its purest form is buying and selling human behavior). How the price react in a certain events or period, which time of the day, which session. In which side are the majority of traders positioned? Knowing the fact that majory are in the losing end(Psychology 101). And many more... you don't base your trading in just 2 candles like you shown me awhile ago. That's showing how ignorant you are.
Attached Image
Only an idiot knows with certainty to where the market is going.
  • #1,196,857
  • Jun 30, 2021 11:29am Jun 30, 2021 11:29am
Quoting Techanalyst
{quote} Thanks for price correction, and I do not know "aka thread".
must be that pond gap at play here -

aka = also know as

fred=thread
In tea leaves we trust!
  • #1,196,858
  • Jun 30, 2021 11:33am Jun 30, 2021 11:33am
Attached Image (click to enlarge)
Click to Enlarge Name: f9ac7a28a84175c3e496e4f9eb58be56.png Size: 207 KB

My SL is very close and will take me out of shorts....if hit.....

  • #1,196,859
  • Jun 30, 2021 11:37am Jun 30, 2021 11:37am
Attached Image (click to enlarge)
Click to Enlarge Name: b239c6dc4e47a63bc44d9253466934e7.png Size: 202 KB

JY........Good show of strength . I believe it has more to go. So I am selling here at 111.10

  • #1,196,860
  • Jun 30, 2021 11:38am Jun 30, 2021 11:38am
Quoting MrBullBear
{quote} I told you many times, study currency market, what makes them move. Gather all economic fundamental data available of the pairs you will trade. What makes one stronger and weaker? What are the current situation of those country and what are they doing, what events currently facing and what actions they are taking to improve or worsen its status. Observe market behavior, Observe human behavior. (Trading in its purest form is buying and selling human behavior). How the price react in a certain events or period, which time of the day, which...
I am not asking you for trading advice. I am asking you to tell me why you chose to buy at that price. Because you shared your chart with me, you opened yourself up to be questioned.

I didn't take that trade. But if I did, I would have a reason for doing so. And I could explain why.

So what specifically made you decide to take that trade?
Learn from your mistakes and march on.
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