Ask DRT | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Ask High and Ask Low Indicator 1 reply

DRT's Trading Room 16 replies

Price on charts vs. Bid and Ask price 1 reply

Bid or ask? 3 replies

Ask..Entry,StopLoss, TargetProfit and Trend 6 replies

Attachments: Ask DRT
Exit Attachments

Ask DRT

  • #401
  • Jun 20, 2008 1:04am Jun 20, 2008 1:04am
Quoting DownRiverTrader
I started with $12,000. Lost 10,000 of it in a little over 2 weeks.

In the two years that followed I added about $30 K more of my own money.

After three years of little profit, I finally seem to get it and since those early days I have never looked back.

I only trade for myself (although others have asked). Today I am at a point where I never need to make another trade in my lifetime. I have all I need. I am very thankful and wouldn't trade the journey for anything and I will never stop trading.
If you wouldn't mind emailing me at some point I'd appreciate it as I've got some questions I'd like to ask you since I'm looking ot make the transition into full time myself.. Back to our regularly scheduled programming!
Never underestimate the powers of the Force.
  • #402
  • Jun 20, 2008 3:26am Jun 20, 2008 3:26am
http://www.pdanalysis.com/storage/as...06.20.2008.jpg
  • #403
  • Jun 20, 2008 4:48am Jun 20, 2008 4:48am
DRT,

You have made great analysis on majors.
Please let me know your analysis about aussie.

Thanks.
  • #404
  • Jun 20, 2008 5:52am Jun 20, 2008 5:52am
I took the short position EUR/USD at 1,5533 with sl 60 pps,

It took less time than I expected,

but looking at DRT history it will take me much more time and expences,
every lost trade brings me closer to succes ... I belive,

Good luck to everybody !
Jesus Christ is my only Lord !
  • #405
  • Jun 20, 2008 7:34am Jun 20, 2008 7:34am
Quoting bima
DRT,

You have made great analysis on majors.
Please let me know your analysis about aussie.

Thanks.
AUD is posted just a couple posts up.
  • #406
  • Jun 22, 2008 6:57am Jun 22, 2008 6:57am
Hello DRT,

I really find your analysis interesting. Can you point me in a direction to where i can find some litterature about price distribution?

Happy trading

T
  • #407
  • Jun 22, 2008 9:03am Jun 22, 2008 9:03am
Quoting Trygvw
Hello DRT,

I really find your analysis interesting. Can you point me in a direction to where i can find some litterature about price distribution?

Happy trading

T
www.cbot.com education/market profile
The greatest enemy of a good plan is the dream of a perfect plan.
  • #408
  • Jun 23, 2008 8:25am Jun 23, 2008 8:25am
hey drt,

we back on track to finish this move out now???
  • #409
  • Jun 24, 2008 6:39am Jun 24, 2008 6:39am
Quoting mtrmth
hey drt,

we back on track to finish this move out now???
standby, I am working on a shorter term version of the analysis.
  • #410
  • Jun 24, 2008 10:48am Jun 24, 2008 10:48am
i like the shorter version drt, right to the point.

thanks for the continued analysis.

i have a more personal question for you. this is a toughie, but maybe a little advice will help me. i ahve seen the moves and seen your anaysis and how well it works, yet i have yet to make a trade with real money lately. i know it is a confidence thing, the fear of losing money is the big one. but even if i make a couple of good trades, it can take a couple of bad ones to take a nice chunk out of your account to rattle your confidence again. do you ever feel compeltely confident in all your trades, ro do you just accept the risk and go on and know that if you take the appropriate measures to protect your account, you will come out on top???
  • #411
  • Jun 24, 2008 3:07pm Jun 24, 2008 3:07pm
would appreciate what you have on aud/usd on your older time frame, as well as the shorter one
  • #412
  • Jun 24, 2008 4:35pm Jun 24, 2008 4:35pm
hi DRT
hi all
i'd like to know more about how to start in forex trading

thanks
  • #413
  • Jun 24, 2008 7:28pm Jun 24, 2008 7:28pm
Quoting mtrmth
i like the shorter version drt, right to the point.

thanks for the continued analysis.

i have a more personal question for you. this is a toughie, but maybe a little advice will help me. i ahve seen the moves and seen your anaysis and how well it works, yet i have yet to make a trade with real money lately. i know it is a confidence thing, the fear of losing money is the big one. but even if i make a couple of good trades, it can take a couple of bad ones to take a nice chunk out of your account to rattle your confidence again. do you ever feel compeltely confident in all your trades, ro do you just accept the risk and go on and know that if you take the appropriate measures to protect your account, you will come out on top???
You have to learn to become completely comfortable with losing (with risk). No I never feel completely comfortable and you never will either. In order to be successful, you must learn how to manage risk. There is no alternative. Anyone can come up with good entries and figure out a target. The difference between success and failure is " managing the trade" -- managing the risk. If it was easy, 95% of all traders would not lose all their equity, but that is exactly what happens. Always keep in mind that this is not unique to trading. All professions only push about 5% of the crowd out the top, the rest fail or live a meager existence. Any profession. Trading is the hardest thing I have ever done without question. It is a lot like golf. Just you and the ball and no one to blame. I have never played an easy golf course. It doesn't exist. I am not going to give you some wishy washy answer. If you can't learn to put your money on the line and be comfortable losing "some of it", then you should not trade because the one thing I can guarantee you is that you will have losing trades. Probably a lot of losing trades. Master the profession. Enjoy wealth like no other.
  • #414
  • Jun 24, 2008 9:11pm Jun 24, 2008 9:11pm
definitly not wishy washy!! but i guess a kick in the butt is what i needed, it is like any game, you play to win, but when you lose, it is how you pick yourself back up and go on that determines whther you are the top 5% or not, got it.

thanks drt. now i know what you mean by feeling like you are going to throw up!!

thanks for all the analysis, keep it coming.
  • #415
  • Jun 24, 2008 10:48pm Jun 24, 2008 10:48pm
to start visit website babypips.com, might save a portion of 'yer
account.
  • #416
  • Jun 27, 2008 9:19pm Jun 27, 2008 9:19pm
Hello DRT,

Need your insight here. Assume you have a full time us job and can only trade US, Asian and Sydney sessions and if you are to position yourself according to the NOW pivot guidelines but have critical news @ London session how would you integrate your downside bias right before...lets say
going to bed

I found myself whipsawed a couple of times during London open/important news. As my downside tolerance is dictated by the profit targets should I just skip London sessions and concentrate on for example chf/usd when us/bond markets open and usd/jpy during Asian/US sessions.

Would greatly appreciate your thoughts on that

regards
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #417
  • Last Post: Jun 30, 2008 7:56am Jun 30, 2008 7:56am
this is a short week in the u.s. will this have an effect on the markets, or will it make the price action just a little more volitile???
0 traders viewing now