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Daily Cable Analysis

  • #5,281
  • Feb 2, 2007 2:52am Feb 2, 2007 2:52am
Quoting cesarnc

We use to overvalue even a 5pip loss. And we don't value a very good 10 pips positive day... Am I right or am I right?
The only loss I overvalue is the one I cant afford to make - hasn't happened in a very long time....You will win and lose a million times more so dont sweat it either way, just make good trades.Repeat - just make good trades, not just good analysis - good strong trades - make 100% execution efficiency your top priority. With consistency will come emotional/psychological stability..
Man who scratches ass should not bite fingernails
  • #5,282
  • Feb 2, 2007 2:56am Feb 2, 2007 2:56am
guys I m going long at 1.9666 at 8.55 how about U all
"Trade for sake of trading & not for winning or Lossing"
  • #5,283
  • Feb 2, 2007 2:59am Feb 2, 2007 2:59am
Quoting HonaForex
guys I m going long at 1.9666 at 8.55 how about U all
To risky for my blood today - will only go long at it @9646 or below.
Man who scratches ass should not bite fingernails
  • #5,284
  • Feb 2, 2007 3:00am Feb 2, 2007 3:00am
just dont make the same mistake when we reach 2.02 ...
its just money
  • #5,285
  • Feb 2, 2007 3:01am Feb 2, 2007 3:01am
Well i think about the 5 pips is not true.if you aim just for that pips someday u will slip and fail.entering the market is not easy.trader usually see so many reasons to enter the market and also to take out the market when they already profit for 5 pips.what your broker said is pure true...stop joking around err stop making stupid moves..how?? learn and learn.let the potential signal jump to you, a good hunter always patient,patient,wait for the time,know when he gonna cut throat of their victim. just my 2 cent.



Quoting cesarnc
The advice I received from my broker - when I called him for help - sounded like "Easy, man. Just STOP MAKING STUPID MOVES!!!"

Now I'm very careful here and trading for few pips at a time. Do that like 5 times and you will start seeing you account breathing....

We use to overvalue even a 5pip loss. And we don't value a very good 10 pips positive day... Am I right or am I right?
  • #5,286
  • Feb 2, 2007 3:01am Feb 2, 2007 3:01am
Quoting cesarnc
The advice I received from my broker - when I called him for help - sounded like "Easy, man. Just STOP MAKING STUPID MOVES!!!"

Now I'm very careful here and trading for few pips at a time. Do that like 5 times and you will start seeing you account breathing....

We use to overvalue even a 5pip loss. And we don't value a very good 10 pips positive day... Am I right or am I right?
yes STUPID MOVES , thats what i do, .....at this time we must working with small lots.....
you see market these days working with analysis...
  • #5,287
  • Feb 2, 2007 3:05am Feb 2, 2007 3:05am
Quoting parlenk
Well i think about the 5 pips is not true.if you aim just for that pips someday u will slip and fail.entering the market is not easy.trader usually see so many reasons to enter the market and also to take out the market when they already profit for 5 pips.what your broker said is pure true...stop joking around err stop making stupid moves..how?? learn and learn.let the potential signal jump to you, a good hunter always patient,patient,wait for the time,know when he gonna cut throat of their victim. just my 2 cent.

I'm into the Tao too honey, but please, watch it with the comparisons - soon you will be comparing trading to frying small fish. And when speaking of hunting, make it sound like you're hunting animals, not some deranged serial killer. Just my 2 cent:
Man who scratches ass should not bite fingernails
  • #5,288
  • Feb 2, 2007 3:07am Feb 2, 2007 3:07am
What do you guys think of this? Looks like NFP may be $positive tomorrow!

http://money.cnn.com/2007/02/01/news...ion=2007020115
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #5,289
  • Feb 2, 2007 3:07am Feb 2, 2007 3:07am
Quoting parlenk
....when he gonna cut throat of their victim. just my 2 cent.
....when he gonna shoot the bird.
Man who scratches ass should not bite fingernails
  • #5,290
  • Feb 2, 2007 3:12am Feb 2, 2007 3:12am
moved buy order to 9637
Man who scratches ass should not bite fingernails
  • #5,291
  • Feb 2, 2007 3:13am Feb 2, 2007 3:13am
Quoting de123
just dont make the same mistake when we reach 2.02 ...

No way, man... I learned my lesson... The uptrend is still doing fine, feeling good. Specially after bouncing at 9480s, where an uptrend trend line lies.

So next time market starts shooting up I'll jump in like a dog IN THE SAME DIRECTION, not trying to catch the top. That was the KING of my stupid moves

Quote
Well i think about the 5 pips is not true.if you aim just for that pips someday u will slip and fail.entering the market is not easy.trader usually see so many reasons to enter the market and also to take out the market when they already profit for 5 pips.what your broker said is pure true...stop joking around err stop making stupid moves..how?? learn and learn.let the potential signal jump to you, a good hunter always patient,patient,wait for the time,know when he gonna cut throat of their victim. just my 2 cent.

Yeah, parlenk... Of course I was making a point about the 5 pips. For stupid moves I mean getting caught in whipsaws.... That happened to me many times... Now I'm acting differently...

Quote
With consistency will come emotional/psychological stability..
That's what I'm working here... Control the losses - that will always be there - and cheer the wins, what I was failing at.

And also, avoind turning a winner in to a looser... Gees.. I've read that like 100 times and still let it happen.
  • #5,292
  • Feb 2, 2007 3:17am Feb 2, 2007 3:17am
Quoting Leugimp
To risky for my blood today - will only go long at it @9646 or below.

Hey i belive 1.9645 ,1.9734 & 1.9622 are good support & resistence line & now market will be bull & also hoping positive construction Indicator.......

shivaji

Fear not says Vedas...........
"Trade for sake of trading & not for winning or Lossing"
  • #5,293
  • Feb 2, 2007 3:22am Feb 2, 2007 3:22am
Quoting cesarnc



...That's what I'm working here... Control the losses - that will always be there - and cheer the wins, what I was failing at.

And also, avoind turning a winner in to a looser... Gees.. I've read that like 100 times and still let it happen.
If you cheer wins then it will be more difficult to not allow losses bother you - it's human nature to want to cheer - just act like you you have been there many times before and will be there many times again regardless the outcome...

As far as letting a winner turn into a loser, be careful not to overanalyze this - if you stuck to your plan, this is ok - you did the right thing. From there you can modify plan and execute efficiently if need be. If however, your plan states to stay in and you get out in order to not let a winner turn into a loser, then you have royally f'd up even though your account will be bigger - trading against your plan will cost you big time long term as it only allows the "Trader" to go on a whim and do what he is feeling at the time. Let the analyst do the analysis, let the strategist work the strategy within the analysis - let the Trader execute as planned.
Man who scratches ass should not bite fingernails
  • #5,294
  • Feb 2, 2007 3:23am Feb 2, 2007 3:23am
the secret of success is when u stop looking for happiness in trading,...this will not make u happy, but u need to be satisfied with ur life in order to make profit,..in good psiho and fizo conditions, only then u can consider to be profitable,...and dont try to get ur money back, rather stay out and forget that u have a loosing expirence,...u just need to get in condition, when not having a position is frustrating u in order to continue to make profits...or in other words u just have to love the game...lol...by the way start using low leverage for larger trends, and high when u see a big profits with low leverage u have made, and u know its gona pullback, or make a big move.... 2 cents,..o yee....do what u wona do with ur money,...im mean no broker cant tell me what to do or how to do it,....when u will make a pause in trading and will temporarly move to investing in stocks with high dividend,....believe me, it might happen the other way arround,..they might call You...and even if they wont ask directly but they will sound like they wona ask u,...what the hell have u stop trading...lol.
its just money
  • #5,295
  • Feb 2, 2007 3:24am Feb 2, 2007 3:24am
Quoting Qwiktrader
What do you guys think of this? Looks like NFP may be $positive tomorrow!

http://money.cnn.com/2007/02/01/news...ion=2007020115

I've read that yesterday, so I think this will be a busy NFP. I would like to see a strong down move to catch a possible strong retracement. I thought the Europe session was going to do the same as Wed and anticipate the down move and kick the price back up in the afternoon. Didn't happen...

Now we may see a series of hourly pin-bars here... That's nasty environment for a guy like me....
  • #5,296
  • Feb 2, 2007 3:29am Feb 2, 2007 3:29am
Quoting HonaForex
Hey i belive 1.9645 ,1.9734 & 1.9622 are good support & resistence line & now market will be bull & also hoping positive construction Indicator.......

shivaji

Fear not says Vedas...........

I somewhat agree with you, but I place a little less strength on TA levels prior to big news day like today where orders get setup and triggered all the time. Being so, the strategist within me will not allow the trader to execute at a price other than the one stated or better.

Then there is the immediate short term strategist that looks for other types of opportunities(scalping,etc), but for now am not looking to scalp.
Man who scratches ass should not bite fingernails
  • #5,297
  • Feb 2, 2007 3:30am Feb 2, 2007 3:30am
Quoting Leugimp
If you cheer wins then it will be more difficult to not allow losses bother you - it's human nature to want to cheer - just act like you you have been there many times before and will be there many times again regardless the outcome...

As far as letting a winner turn into a loser, be careful not to overanalyze this - if you stuck to your plan, this is ok - you did the right thing. From there you can modify plan and execute efficiently if need be. If however, your plan states to stay in and you get out in order to not let a winner turn into a loser, then you have royally f'd up even though your account will be bigger - trading against your plan will cost you big time long term as it only allows the "Trader" to go on a whim and do what he is feeling at the time. Let the analyst do the analysis, let the strategist work the strategy within the analysis - let the Trader execute as planned.
Agree Leugimp... I just had my 1st month trading a live account... Emotions use to blind reason, I know that. But I'm giving the time to work this emotions. Then will came the day when I'll drop 10 lots in and go to the beach drink Caipirinhas....
  • #5,298
  • Feb 2, 2007 3:35am Feb 2, 2007 3:35am
Quoting cesarnc

...... go to the beach drink Caipirinhas....
Why must you do this to me. I'm working bro - please do not get me thinking of caipirinhas and Brazilian women...That messes with my emotions much more than a win or loss ever could.
Man who scratches ass should not bite fingernails
  • #5,299
  • Feb 2, 2007 3:35am Feb 2, 2007 3:35am
cesar what leverage does ur borker have ...mine only 100:1 ?
its just money
  • #5,300
  • Feb 2, 2007 3:36am Feb 2, 2007 3:36am
Quoting de123
cesar what leverage does ur borker have ...mine only 100:1 ?
GFT has 100:1 to 400:1
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