{quote} Ungrateful bastard!!
New Cable Thread & Other Pairs
- #4,741
- May 16, 2024 11:36am May 16, 2024 11:36am
- Joined Sep 2017 | Status: Trader | 11,251 Posts | Online Now
So what we doing here just seems stagnant....someone poke this thing....
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #4,744
- May 16, 2024 12:32pm May 16, 2024 12:32pm
- Joined Sep 2017 | Status: Trader | 11,251 Posts | Online Now
So what we doing here just seems stagnant....someone poke this thing....
{quote} The last time I asked for a poke those idiots moved EU to near 1.09 without retrace. I made a mistake of mentioning that I was short.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
{quote} The last time I asked for a poke those idiots moved EU to near 1.09 without retrace. I made a mistake of mentioning that I was short.
{quote} Oof yea need to maybe play that reverse psychology on this thing. Im "long" poke it to make it go up. I swear sometimes i fell like when im most positive about a move i just need to do the opposite.
now whenever I make a trade I always think of that because it can happen 50% of the time if you're not careful. I just been watching today after I closed my short at 1.08675. At least I got anice ride down from 1.089 but it seems like NY Session has no idea where to go as of now. The data helped not continue a nice downtrend. Now you just have to go poke it again ( not upwards please).
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #4,749
- May 16, 2024 1:21pm May 16, 2024 1:21pm
- Joined Apr 2015 | Status: Trader | 1,067 Posts
{quote} The last time I asked for a poke those idiots moved EU to near 1.09 without retrace. I made a mistake of mentioning that I was short.
"the public is not yet ready for it" W.D. GANN
{quote} I read some members signature sometime ago it said "The trade you're about to make, it's going to do the opposite" -
{quote} Yea if i had gone long instead of short id have made $1,300 that day instead of waiting for retrace. All good though lesson learned and you cant focus on the what could have happened just on what did happen and what you did wrong. I should get out eventually for some change so practicing my patience at the moment and scalping GBPUSD in mean time with what little i have left to play with. That rule about FIFO sucks.
& honestly this one got me with the climb after the positive USD CPI data so I'm with you. Clearly as I stated earlier this week the charts didn't go by data, it seemed more technical. However when I decide to go technical it goes by the data Keeping moves small. I do expect a retracement eventually. If it can't break 1.074 we are in for a trend change to the upside daily. Regardless last few days have been interesting with the EUR. I also like GBP & JPY & GBP usually responds positive as EUR is going up this week has been the opposite. I've had better calls in that currency than EURUSD. I had bears coming in at 1.08750 if they wanted to keep it from going up & they have held their part. Good luck to you bro. I'm still just watching EURUSD until I feel more confident on what's going on.
If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
- #4,753
- May 16, 2024 2:02pm May 16, 2024 2:02pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,377 Posts
{quote} I am the patience master... well I like to think so
1 trade that takes 3 or 4 days for 100 pips better than 3 trades a day that you might make 10 to 15 pips on or get you SL hit. I want to make a trade set my alerts go about my day and not stress over it. Sitting around chart watching the ticks can be laborious.
% true.
{quote} I'm between 805 and 820 on my sells. I should be ok. Yea I have been thinking of using gbp as my counter bet to the eur.....so say I want one lot....I could bet .5lot on eur sell and .5buy on gbp. Let it run and when a confirmed trend change has happened I can sell the profit one and let the other run down to a break even. I think I want to switch to a more swing trade strategy. Daily trades can get stressful for just a few pips. For me more trades the greater likelihood of losing. 1 trade that takes 3 or 4 days for 100 pips better than...
I haven't made a move yet. New markets about to take over & NY Session couldn't figure out where to go, so just waiting. I have my alerts set. Just still waiting on you to Poke it If 95% Of Traders Fail, Then Why Are You Doing The Same Thing They Are.
{quote} 100% agreed with your last few sentences! That's exactly how I trade
