Shermantor - maybe you could start a journal?
- #12,302
- Aug 7, 2008 7:03am Aug 7, 2008 7:03am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
We have now got a bitt of indecions and I am running out of battery myself lol....been up all night ...umm
Good thing I closed 80 percent of my trade at the pivot...its a free trade now...not a big winner crappy market tongiht
As long as price keeps making higher lows and higher highs momentum is still in my side...
Good thing I closed 80 percent of my trade at the pivot...its a free trade now...not a big winner crappy market tongiht
As long as price keeps making higher lows and higher highs momentum is still in my side...
- #12,303
- Aug 7, 2008 7:12am Aug 7, 2008 7:12am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
I have now closed another 10 percnt of my trade I dont like momentum...
- #12,305
- Aug 7, 2008 7:33am Aug 7, 2008 7:33am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
the trade was to trade the breakout....
or wait for a close below the 61.8 fibb of support
or wait for a close below the 61.8 fibb of support
- #12,306
- Aug 7, 2008 7:55am Aug 7, 2008 7:55am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
It got hit!!!!!!!!!!!! i am up baby lol
made pips going up now making pips going down lol
made pips going up now making pips going down lol
- #12,307
- Aug 7, 2008 7:56am Aug 7, 2008 7:56am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Waited because I wasn't sure whether to post this, but as it isn't stopping, I have to.
I think the point/intention of the subtle hint was that it would be more to keep this thread a bit clean and avoid having to scroll past announcements of what some DO to get to those that have something that people ASK or to those where people show something.
I.e. something that could potentially benefit others reading it in turn.
Despite the spirit of sharing here, it's always aimed at sharing knowledge and progressing.
I am not sure(nor was I ever able to see) what the benefit of "just entered this, then took 10% off, now waiting" is to others when they read it, regardless of who posts it and regardless in which thread.
If everyone posted every one of their trades, trade adjustments and deliberations, we wouldn't be at 11k posts, but have a few more zeroes
Shermanator, imho it's starting to border on abusive.
It's not a "pair discussion thread"(in the evil cable thread type of meaning) and I hope it never turns into one of those.
If you like to post your thoughts and ideas so you can reflect back on them, the journal section is ideal for it and I recommend to everyone to keep a journal.
I do.
But if you do it here, it's just disruptive and what's worse, it could encourage others to do the same and then it's just one "me"(as in "I just../I think...") voicing their things after another and the actual substance gets lost / disappears.
And that would be a shame.
Hey, that sounds good though I think most folks tend not to look into journal threads but that could be a good thing I guess, he he..
I.e. something that could potentially benefit others reading it in turn.
Despite the spirit of sharing here, it's always aimed at sharing knowledge and progressing.
I am not sure(nor was I ever able to see) what the benefit of "just entered this, then took 10% off, now waiting" is to others when they read it, regardless of who posts it and regardless in which thread.
If everyone posted every one of their trades, trade adjustments and deliberations, we wouldn't be at 11k posts, but have a few more zeroes
Shermanator, imho it's starting to border on abusive.
It's not a "pair discussion thread"(in the evil cable thread type of meaning) and I hope it never turns into one of those.
If you like to post your thoughts and ideas so you can reflect back on them, the journal section is ideal for it and I recommend to everyone to keep a journal.
I do.
But if you do it here, it's just disruptive and what's worse, it could encourage others to do the same and then it's just one "me"(as in "I just../I think...") voicing their things after another and the actual substance gets lost / disappears.
And that would be a shame.
Trust price. Know yourself.
- #12,308
- Aug 7, 2008 8:00am Aug 7, 2008 8:00am
- Joined Jan 2008 | Status: Trader | 2,996 Posts
Waited because I wasn't sure whether to post this, but as it isn't stopping, I have to.
I think the point/intention of the subtle hint was that it would be more to keep this thread a bit clean and avoid having to scroll past announcements of what some DO to get to those that have something that people ASK or to those where people show something.
I.e. something that could potentially benefit others reading it in turn.
Despite the spirit of sharing here, it's always aimed at sharing knowledge and progressing.
I am not sure(nor was I ever able to see) what the benefit of "just entered this, then took 10% off, now waiting" is to others when they read it, regardless of who posts it and regardless in which thread.
If everyone posted every one of their trades, trade adjustments and deliberations, we wouldn't be at 11k posts, but have a few more zeroes
Shermanator, imho it's starting to border on abusive.
It's not a "pair discussion thread"(in the evil cable thread type of meaning) and I hope it never turns into one of those.
If you like to post your thoughts and ideas so you can reflect back on them, the journal section is ideal for it and I recommend to everyone to keep a journal.
I do.
But if you do it here, it's just disruptive and what's worse, it could encourage others to do the same and then it's just one "me"(as in "I just../I think...") voicing their things after another and the actual substance gets lost / disappears.
And that would be a shame.
- #12,309
- Aug 7, 2008 8:29am Aug 7, 2008 8:29am
- Joined Jul 2006 | Status: Charts + PA > * | 3,251 Posts
Trust price. Know yourself.
- #12,313
- Aug 7, 2008 2:04pm Aug 7, 2008 2:04pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
Just some of my views
One word : FASCINATION
haha yep you are hooked on price!
I'm here 6-7 weeks, im on #400. Very nice, big thx to Jim, Wiz and Seekinglight.
Actually i trade real now, but i have some problem vs demo trading "that u cant learn"
1) Stay in trades? my fear about my money ( faster B/E, smaller stop loss after 50-100 pips open - sometimes it's not enough on Week trades).
How do u guys stay in ur trades? I'm addicted, I need to watch my open trade every 5 minutes while i want to stay here for some days / weeks. Usually i take fast profit ( some weeks ago, i take 160 pip profit with fear about my open profit and then in a few days the market make another 500 pips )
This is where it just takes time to fully learn everything and practice and demo etc. You will develop your own style by watching others. For now just keep demoing and learn. I personally trail my stops, many others just use S/R. You have to learn to start to put things together and this is really from just learning from experience.
2) How to 100% enter to my "best pin bar"? Sometimes i get stoned,i can only watch, what my pin bar is doing but im stoned and some hour after that i count pips and curse myself. What's problem? "fear of another loss" ?
You will find their are a lot of psychological bumps on your way to success(as you see in your previous question). My advice for being new to this. Just stick to the best of the best pinbars. A+++ learn to trade those profitably on the HIGHER timeframes. Be patient, discipline, begin to formulate a trading plan. It is a slow process, but listen to James, treat this as a business and you will get there. Learn to do this on demo, or a very small micro. Be smart about it and take the proper steps James recommends.
Thx for every tip and sry for not good eng. I like you guys, I'd like to stay here and some months later join PF.
This is perfect, stick around read this thread learn the basics and how to apply them. If you then want to further your education check out the PF
- #12,315
- Aug 7, 2008 2:29pm Aug 7, 2008 2:29pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
You're right, this is not business, this is BEST business on the world.
Let's go, pinhunting
I've started few years ago with some slow matrix moves (Moving averages 20) that shows past and now i'm fallen in love.Every day i get up at 6.30am , (no other work) make a cup of coffee and i go WAIT. Work from monday 6.30 to friday 16:00. At weekends or nights I'm here or while waiting. I'm in with my real acount on +- 0 % after 3 months real trading and I feel that im stronger after every loss or every "bad managed" profit trade.Psycho is all you can't learn no demo. So i dont like to go back to demo.Just my opinion. - I dont care about money on demo, im there very good ++. But psycho ownz me real. Today, I did not trade, but I have fear about fundament, how about you with PA ?
Man I love your excitement too. I can still remember the feeling when I found this thread. I remember always being like I just want to know why price is doing what it is doing, enough indicators pleeeeeease. Then boom James16 Chart thread
- #12,320
- Aug 7, 2008 7:20pm Aug 7, 2008 7:20pm
- Joined Feb 2006 | Status: 'Try-hard' extraordinaire... | 2,151 Posts
Hi Jankone, 
Mike covered it pretty well. I have a couple of tips.
1. There is a book called "Trading In the Zone" by Mark Douglas. A lot of what you are describing is psychological, as you pointed out yourself. Depending on your english, read this.
2. Choose ONE setup to learn on. Make it Daily Pin-bars. Choose only the best pin bars setups (at good confluence points) and, as a beginner, enter ONLY on a break of those pin bars. Place your stop loss 6 pips beyond the 'nose' of the pin bar. (6 pips is my choice, these are daily charts remember)
Look at your chart and plan ahead to where you will take your first profit. (Don't be too ambitious with this target. Make it the fist PPZ. If the first PPZ is too close, don't take that particular trade. Wait for a better one.)
Now.... As far as you are concerned there is NOTHING you should do about this trade until it reaches that first profit point. ....ABSOLUTELY nothing. The trade will either hit that first profit point , or stop out . Nothing in between. What is there in between?? Noise!! So why watch your trading screen until then?
Set an alert for that Profit level. ...If it stops out then wait for the next trade. They come along often enough and over many trades you will be ahead.
Mike covered it pretty well. I have a couple of tips.
1. There is a book called "Trading In the Zone" by Mark Douglas. A lot of what you are describing is psychological, as you pointed out yourself. Depending on your english, read this.
2. Choose ONE setup to learn on. Make it Daily Pin-bars. Choose only the best pin bars setups (at good confluence points) and, as a beginner, enter ONLY on a break of those pin bars. Place your stop loss 6 pips beyond the 'nose' of the pin bar. (6 pips is my choice, these are daily charts remember)
Look at your chart and plan ahead to where you will take your first profit. (Don't be too ambitious with this target. Make it the fist PPZ. If the first PPZ is too close, don't take that particular trade. Wait for a better one.)
Now.... As far as you are concerned there is NOTHING you should do about this trade until it reaches that first profit point. ....ABSOLUTELY nothing. The trade will either hit that first profit point , or stop out . Nothing in between. What is there in between?? Noise!! So why watch your trading screen until then?
Set an alert for that Profit level. ...If it stops out then wait for the next trade. They come along often enough and over many trades you will be ahead.
One word : FASCINATION
I'm here 6-7 weeks, im on #400. Very nice, big thx to Jim, Wiz and Seekinglight.
Actually i trade real now, but i have some problem vs demo trading "that u cant learn"
1) Stay in trades? my fear about my money ( faster B/E, smaller stop loss after 50-100 pips open - sometimes it's not enough on Week trades).
How do u guys stay in ur trades? I'm addicted, I need to watch my open trade every 5 minutes while i want to stay here for some days / weeks. Usually i take fast profit ( some weeks ago, i take 160 pip profit with fear about my open profit and then in a few days the market make another 500 pips )
2) How to 100% enter to my "best pin bar"? Sometimes i get stoned,i can only watch, what my pin bar is doing but im stoned and some hour after that i count pips and curse myself. What's problem? "fear of another loss" ?
Thx for every tip and sry for not good eng. I like you guys, I'd like to stay here and some months later join PF.
Bundy's status today: "Waiting..."