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the key to the mint

  • #2,001
  • Jan 23, 2008 4:32am Jan 23, 2008 4:32am
Quoting poki
closed @ +33
bravo poki!
  • #2,002
  • Jan 23, 2008 4:36am Jan 23, 2008 4:36am
Quoting fxpivots
eur/jpy crosed on mine also. short @ 154.95.
Mine too, but i didnt manage to get an entry on this one, took the GBPJPY instead and was too slow to get the EURJPY

Out of GBPJPY for +41
  • #2,003
  • Jan 23, 2008 4:39am Jan 23, 2008 4:39am
Ihave to admit it's hard to get over the greed factor and leave a trade open, but as per Harold's rules better to have some than none.
  • #2,004
  • Jan 23, 2008 4:48am Jan 23, 2008 4:48am
Quoting poki
Ihave to admit it's hard to get over the greed factor and leave a trade open, but as per Harold's rules better to have some than none.
This is true poki, but the thing is, what will we do if the trade immediately goes against us, will we let it ride and hit the stop for max loss, or will we cut that short too. Quite a few trades have been cut short now that would have made their full potential, but chances are knowing how we react, it is likely we will be unwilling to cut a loosing trade early. It can take lots of little wins to equal one larger loss.
Not easy, what's right now can be wrong next time.
  • #2,005
  • Jan 23, 2008 4:56am Jan 23, 2008 4:56am
are you ready for the next???
aud and cad/jpy
  • #2,006
  • Jan 23, 2008 4:57am Jan 23, 2008 4:57am
Quoting traider
Strength of momentum you mean.

I've wondered about that. Surely if all three daily indicators line up and the preceding day's candle does not buck the trend, then surely one is more than likely in an hourly setup of minimal risk. I'm not trying to detract from Harold's method, merely trying to understand the mix of signals in his excellent system so as to ensure I can get the best possible mix of risk exposure. Understanding the best possible setup tends to put Harold's system in perspective and perhaps opens up opportunities for more informed profit taking.
whats the meaning of buck?
God's Love For You Is Sure Never You Doubt It
  • #2,007
  • Jan 23, 2008 5:01am Jan 23, 2008 5:01am
Quoting D liberators
whats the meaning of buck?
go against
The road to pipland is arduous and fraught with challenge.
  • #2,008
  • Jan 23, 2008 5:07am Jan 23, 2008 5:07am
Quoting age13
This is true poki, but the thing is, what will we do if the trade immediately goes against us, will we let it ride and hit the stop for max loss, or will we cut that short too. Quite a few trades have been cut short now that would have made their full potential, but chances are knowing how we react, it is likely we will be unwilling to cut a loosing trade early. It can take lots of little wins to equal one larger loss.
Not easy, what's right now can be wrong next time.
I guess experience must help there?, not something i have alot of with 8mths of trading, i always have pivot,S&R lines on the chart which helps with my decisions.
This is the first system of many that i have tried that i have actually started to have faith in, thanks harold.
  • #2,009
  • Jan 23, 2008 5:20am Jan 23, 2008 5:20am
Quoting poki
I guess experience must help there?, not something i have alot of with 8mths of trading, i always have pivot,S&R lines on the chart which helps with my decisions.
This is the first system of many that i have tried that i have actually started to have faith in, thanks harold.
when trades go against me, i switch my mind from short term trading to long time trading. I take a look at longer time frames (weekly and monthly), do my analysis based on the indicators and see what chance of the trade going in my favour and how far my margin can carry me without having the dreaded margin call. So far in more thn 20 trades this month, i have only lost 1 trade.

some times positions move from a 100pips against me to more than 30 pips in my favour.
God's Love For You Is Sure Never You Doubt It
  • #2,010
  • Jan 23, 2008 5:27am Jan 23, 2008 5:27am
Quoting D liberators
when trades go against me, i switch my mind from short term trading to long time trading. I take a look at longer time frames (weekly and monthly), do my analysis based on the indicators and see what chance of the trade going in my favour and how far my margin can carry me without having the dreaded margin call. So far in more thn 20 trades this month, i have only lost 1 trade.

some times positions move from a 100pips against me to more than 30 pips in my favour.
Wow, what stop size do you have, or don't you use stops?
  • #2,011
  • Jan 23, 2008 5:28am Jan 23, 2008 5:28am
got +10 from cad/jpy (target comes from lower trendline)
total for today + 26 now waiting for gbpchf next hour close
  • #2,012
  • Jan 23, 2008 5:36am Jan 23, 2008 5:36am
Quoting D liberators
when trades go against me, i switch my mind from short term trading to long time trading. I take a look at longer time frames (weekly and monthly), do my analysis based on the indicators and see what chance of the trade going in my favour and how far my margin can carry me without having the dreaded margin call. So far in more thn 20 trades this month, i have only lost 1 trade.

some times positions move from a 100pips against me to more than 30 pips in my favour.
Yes i have been thinking along those lines myself, if there is a strong trend in weekly/daily charts the price should get back to positive, something to try at reduced lot size first, for me anyway.
  • #2,013
  • Jan 23, 2008 5:47am Jan 23, 2008 5:47am
Quoting traider
They drew together on mine (not quite crossed) and are now moving apart.
NO CROSS on ALPARI !!!!
- Syd [dust is my bed...]
  • #2,014
  • Jan 23, 2008 5:58am Jan 23, 2008 5:58am
Does anyone think these recent talks on a recession will have a negative effect on trading in the forex market?
  • #2,015
  • Jan 23, 2008 6:04am Jan 23, 2008 6:04am
Quoting Jords
Does anyone think these recent talks on a recession will have a negative effect on trading in the forex market?
No, it will have a good effect, because news is what makes the market move, which is what we want.
  • #2,016
  • Jan 23, 2008 6:07am Jan 23, 2008 6:07am
ages 13..thanks for the quick response..music to my ears!
  • #2,017
  • Jan 23, 2008 6:47am Jan 23, 2008 6:47am
Quoting age13
Mine too, but i didnt manage to get an entry on this one, took the GBPJPY instead and was too slow to get the EURJPY

Out of GBPJPY for +41
I took the same trade, enterd at 10:35GMT at 207.29, but took a SL at 207.24 ... only managed to get +4!!! how the hell you got 41?
- Syd [dust is my bed...]
  • #2,018
  • Jan 23, 2008 6:52am Jan 23, 2008 6:52am
just took GBPCHF ....
- Syd [dust is my bed...]
  • #2,019
  • Jan 23, 2008 6:55am Jan 23, 2008 6:55am
Quoting syedks
I took the same trade, enterd at 10:35GMT at 207.29, but took a SL at 207.24 ... only managed to get +4!!! how the hell you got 41?
entered 10:00gmt at 207.83. Price only gone south from there. SHoulda left tp at 50.
  • #2,020
  • Jan 23, 2008 6:56am Jan 23, 2008 6:56am
Quoting syedks
just took GBPCHF ....
oops come out +2 .. i got scared !!!!
should have stayed !!!
- Syd [dust is my bed...]
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