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  • #1,021
  • Nov 22, 2023 12:38pm Nov 22, 2023 12:38pm
THE SHOULDA WOULDA FUCKINGCOULDA TRADE

GBP/CAD ---- was wanting a drop of at least 200pips by now. So went short yesterday and managed to get 14 shorts on, Great 1st part done

started dropping yesterday and had good profits. Now here is the Shoulda part. Wish i could tell you i took at least 50% off near yesterdays lows but i didnt, i was thinking probably get a small correction then a bigger drop today.

Anyways hindsight is a beautifulfuckingthing but i dont trade hindsight ----- So today the trade came all the way back to breakeven then underwater, So yes woulda been great to get half off yesterday then put that half back on short today but i didnt --- I swing and sometimes it is a bitch needing a shitloada PATIENCE

So now i have locked in 40pips on all postions and see if i get my 200-250pips. Who knows (i sure as hell dont) maybe i get-em maybe i only get the 40

Can only trade my Bias, if it works i make a bit, if it doesnt i lose a little ------
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  • #1,022
  • Nov 22, 2023 12:51pm Nov 22, 2023 12:51pm
US500 CHART ---- just incase anybugger is following thisbugger with shorts ---- Grey zones are where Liquidity will draw price to
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  • #1,023
  • Nov 22, 2023 1:03pm Nov 22, 2023 1:03pm
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  • #1,024
  • Nov 22, 2023 1:09pm Nov 22, 2023 1:09pm
Quoting T721
THE SHOULDA WOULDA FUCKINGCOULDA TRADE GBP/CAD ---- was wanting a drop of at least 200pips by now. So went short yesterday and managed to get 14 shorts on, Great 1st part done started dropping yesterday and had good profits. Now here is the Shoulda part. Wish i could tell you i took at least 50% off near yesterdays lows but i didnt, i was thinking probably get a small correction then a bigger drop today. Anyways hindsight is a beautifulfuckingthing but i dont trade hindsight ----- So today the trade came...
14 Shorts????

Scaling IN???
and how you manage your lot size/Risk???
Every trade on same price or with a fixed difference of pips?
Ahmad Hassan
  • #1,025
  • Nov 22, 2023 1:12pm Nov 22, 2023 1:12pm
Quoting RedEagle
{quote} 14 Shorts???? Scaling IN??? and how you manage your lot size/Risk??? Every trade on same price or with a fixed difference of pips?
got in at different prices ---- as Waveskierrob say ---- Big bank small lots. I always build multiple small positions then add once i get the direction right
  • #1,026
  • Nov 22, 2023 1:15pm Nov 22, 2023 1:15pm
Quoting T721
{quote} got in at different prices ---- as Waveskierrob say ---- Big bank small lots. I always build multiple small positions then add once i get the direction right
What's about Stop Loss??
Every trade at a fixed SL or different SL for each?
Ahmad Hassan
  • #1,027
  • Nov 22, 2023 1:20pm Nov 22, 2023 1:20pm
Quoting RedEagle
{quote} What's about Stop Loss?? Every trade at a fixed SL or different SL for each?
I just work out what im happy losing on all positions, if im happy with that i get in -- nothing more to do. ATM i have 16 short positions on US500 and will add if it starts to drop tonight or tomorrow
  • #1,028
  • Nov 22, 2023 7:55pm Nov 22, 2023 7:55pm
Quoting T721
US500 CHART ---- just incase anybugger is following thisbugger with shorts ---- Grey zones are where Liquidity will draw price to {image}
US500 --- today we had a Liquidity grab but looking at price action we might get another one tomorrow before downside, itsa wait n see
  • #1,029
  • Edited 9:20pm Nov 22, 2023 7:58pm | Edited 9:20pm
Quoting T721
{quote} US500 --- today we had a Liquidity grab but looking at price action we might get another one tomorrow before downside, itsa wait n see
US500 lower pink line was todays Liquidity grab, possible we take todays high out but the drop will be coming %
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  • #1,030
  • Nov 22, 2023 9:28pm Nov 22, 2023 9:28pm
HOW MUCH DOES A PRO TRADER MAKE ???

the answer isnt that complicated. Bank traders, institutional traders are making a lot. Some millions -- these are the Bank traders, they get a monthly wage and a bonus eoy.

But as a retailer how much do you need to make ?? ---- Lets put it this way, if the weekly average wage is lets say 500 £ $ or euro then at the end of the week you have to pay yourself that amount every Friday even if you have a bad week. If you are working in Starbucks they pay you 500 for your 45hrs (maybe a bit less) So as a Professional retailer you need to pay yourself. YOU HAVE TO.

I have bad weeks, everybugger does. Dont let anyone tell you different. So if i lose 2k this week i still have to pay myself today. Next week i dont go chasing the 2k i lost last week + the wages. I just focus on the new week. If i lose 2k this week i still have to pay myself again on Friday. and again i dont go chasing those losses the next week. But i only need 1 good week to put me ahead

Now if your a beginner then obviously you have a job and trading in your spare time trying to figure this shit out. Its bloody hard but keep at it. Yes your gonna blow up accounts. Thats how you learn. So keep your balance small because you will lose it. Then at least you can refund and start the process again. WINNERS DONT QUIT.

TRADE FOR PIPS NOT MONEY WHEN YOUR STARTING --- IF YOU CANT MAKE 1000pips at 0.01 YOU AINT GONNA MAKE IT WITH A MILLION DOLLAR ACCOUNT
  • #1,031
  • Nov 22, 2023 9:31pm Nov 22, 2023 9:31pm
Quoting chipsngravey
PS. if you cant sleep with a position on your size is too big. Its easy to get Greedy. i know -- i was that guy. But losing so much i knew i had to change something
That is true and logical, but why can we never see it ourselves, it always seems to take someone else to point it out, even the simplest of things sometimes to wake you up and change your thinking and trading. Mr T is that guy for me, a few things you've said over the last pages have resonated with me and are sinking in, for this i am very grateful mate.[/quote]
Thanks Chips.

Let me tell you this tho --- i can show you how itrade, what i trade and why im long or short the pair. But that doesnt mean you will be able to replicate it. Hopefully you can and even do better and then i will be asking you to show me how to trade. Getting to a point of profitability takes a helluva long time, a long long time. Emotions, Discipline all come into it and were all wired differently. I think its how i handle losses that have kept me in the game. IM A GOOD LOSER and accept losses now. In the past i was a bad loser and would add to losers thinking i was better than the market. Losses and time in the market is the best teacher

About 25yrs ago i was hitting something like 65% hit rate. Now most would be thinking WOW, fucking brilliant. Well it wasnt, the other 35% losses was just keeping me over break even. so something had to change so i took time off to figure it out again. If youve been trading a short time then you have a lot of time to spend learning -- this is not a get rich quick game, i wish it was. But if your prepared to work your ass off its achievable .

I still spend weekend analysing every pair just to see if i have an edge next week. i mark up all my charts or 20+ currency pairs and thats the amount of time, work and patience you need. Like i said this aint easy
  • #1,032
  • Nov 22, 2023 9:46pm Nov 22, 2023 9:46pm

  1. https://assets.faireconomy.media/nfs...tar50226_7.gif swingtrade65
  2. Joined Oct 2007 | Status: Hunting Elephants | 1,102 Posts

Quoting T721
Hope everyone had a great trading day, a great week and good month. BUT -- even if you had a bad day, week, month it shouldnt have damaged your account enough that you have no funds to trade next week. The Holy Grail is Risk, nothing else matters. you need chips left after a series of losers so you can keep going. DONT GET GREEDY NO MATTER HOW GOOD THE TRADE LOOKS
And that good folks is where the rubber meets the road

  • #1,033
  • Nov 22, 2023 10:02pm Nov 22, 2023 10:02pm
Guys I really hope im not coming across as some know it all A$$hole Guru that thinks they know it all. I dont know it all, i get plenty of trades wrong. But what i am good at is knowing when im wrong and accepting of the loss. I never risk more than im willing to lose. I have just gotten better at losing thats all

A great book to read is the BEST LOSER WINS by Tom Hougaard
  • #1,034
  • Nov 22, 2023 10:03pm Nov 22, 2023 10:03pm
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  • #1,035
  • Nov 22, 2023 10:03pm Nov 22, 2023 10:03pm
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  • #1,036
  • Nov 23, 2023 5:01am Nov 23, 2023 5:01am
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  • #1,037
  • Nov 24, 2023 12:57am Nov 24, 2023 12:57am
Quoting T721
{quote} Looking at something like this for usd/chf before i start scaling in buys --- Looks like it will be a great long Swing trade. hopefully get those lows on friday or early next week imo --- Probably need a bounce up first then drop to target area at that point should have 4hr macd divergence {image}
usd/chf update --- i am long and will add if it drops to next Liquidity zone
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  • #1,038
  • Nov 24, 2023 2:57am Nov 24, 2023 2:57am
GBP/USD ----- Bigger look at where we are now
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  • #1,039
  • Nov 24, 2023 3:19am Nov 24, 2023 3:19am
Quoting T721
{quote} usd/chf update --- i am long and will add if it drops to next Liquidity zone {image}
You said that you are impatient bugger at times
I am more cautious and have buy limit at 0.877. It might not get there, but I am not willing to see potential 50 pips of unrealised loss.
PA looks as GO for trade but I am not confident enough. 0.877 is 1,618 extension of last swing up and AB=CD of last down move from 0.924x
  • #1,040
  • Nov 24, 2023 3:47am Nov 24, 2023 3:47am
Quoting Lenart
{quote} You said that you are impatient bugger at times I am more cautious and have buy limit at 0.877. It might not get there, but I am not willing to see potential 50 pips of unrealised loss. PA looks as GO for trade but I am not confident enough. 0.877 is 1,618 extension of last swing up and AB=CD of last down move from 0.924x
You said that you are impatient bugger at times... I am very impatient, possible it drops to your level, thats the next Liquidity on 4hr chart. Ive been in this trade since Monday and have 12 positions on -- if it drop to lower LQ zone i will add more positions

Greyzone on chart is next LQ, the grey zone below is the daily LQ -- not sure it will drop there tho
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