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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

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EURUSD

Quoting FX-Petra
IMHO:

It is easy to close a winning trade. Sometimes it is the right move, sometimes you miss out on extra pips. Either way, you are growing your account. What is harder is to close the losing trade--to keep from ignoring the stop you set when you opened the trade. Capital preservation, not capital expansion, is the hardest lesson to learn in this business. It is hard because it goes against human nature to lose on a trade, and to accept that loss with no emotion. All humantiy loves a winner, and abhors a loser. When you can close 10 losing trades in a row with no anger, no bitterness, no longing for revenge...and calmly enter trade number 11 with confidence, with no emotional baggage from the last 10 losers... well then, my friend, you are on your way to making a handsome living as a trader. Few ever reach this plateau...I'm trying to get there.

man again.. this is forex 101 people.. you are gaining years here.
USD Est Non Mortuus
down periscope !!!
Quoting psiholog
holy sh****t....you didnt just say that....thats exactly what i did on sunday...i had 8 losing trades in a row...320pips down. i went to sleep woke up refreshed and said lets give this another go. monday i was half and half...won 50% lost 50%..ended up at flat for the day. today....im already 60 pips up and we havent even reached london session. emotions?...nonexistent now but sunday there was "some" because i increased the lot size...combine that with the choppy mess....you can understand the rest.

wow man you truly are a good teacher as your profile says...you get an A in my book
Just so you know...a couple of years ago I hit a stretch of 17 losers in a row! I started getting annoyed after 5, angry after 10, and lost my mind on number 13 and started chasing my losses. Needless to say, that was the end of my 2nd account. I WILL NEVER DO THAT AGAIN...SO HELP ME GOD! I wish you the best Psiholog. If I can ever help you please ask, many others have helped me through the years.
Quoting gagakrimba
down periscope !!!
higher low. Even though Obama is talking some game. My take is this.. mcsame talks game = $ weak.. obama = $ str. regardless, technically we need to test 3656 or better.
USD Est Non Mortuus
Quoting FX-Petra
Just so you know...a couple of years ago I hit a stretch of 17 losers in a row! I started getting annoyed after 5, angry after 10, and lost my mind on number 13 and started chasing my losses. Needless to say, that was the end of my 2nd account. I WILL NEVER DO THAT AGAIN...SO HELP ME GOD! I wish you the best Psiholog. If I can ever help you please ask, many others have helped me through the years.
from a psychological aspect i think im holding my own pretty well. keep saying similar things though...im 100% sure it benefits especially the new traders in here so pull out this kind of stuff as much as you can. reading your posts made me realize just how much of an asset my mental state is...thank you


Edit: i must add one thing though from my own experiences. While handling losses is quite a challenge ...handling winners is too!....there have been many times when i was up 50 pips...80pips...even 90pips and my target was 100 and because i refused to close that trade before then it turned into a 0 profit trade or a losing trade. Greed is a challenge in itself which I have yet to master =/
Different opinions highly valued, ignorant to slander.
McCain just winked at me and said EURO to 1.38 by tomorrow morning.

Wierd.


(satire)
hmm

imho for me, everything is logical....


pair is shorting as expected

now that all the pricing in .. kneel jerk reactions . . crazed traders and what have you have brought the pair to this low, it is time for a period of consolidation .....till more major events come

theses up and downs are pure whipsaws to me... of course i hope it will whip lower bit by bit but who knows...

so its really up to one's perspective on whether something is logical or not..

humble opinions from the boat...
Daily Charts 10/08
http://i523.photobucket.com/albums/w...UR081008_1.png

Hourly chart 8h00 GMT+7
http://i523.photobucket.com/albums/w...UR081008_2.png
{Promotion Removed}
Quoting FX-Petra
Just so you know...a couple of years ago I hit a stretch of 17 losers in a row! I started getting annoyed after 5, angry after 10, and lost my mind on number 13 and started chasing my losses. Needless to say, that was the end of my 2nd account. I WILL NEVER DO THAT AGAIN...SO HELP ME GOD! I wish you the best Psiholog. If I can ever help you please ask, many others have helped me through the years.
The most difficult thing, for me, in this game,is knowing when to call it quits. That's the mark of a pro. To say, I'll never let this winner turn into a loser (me, sooooo many times I can't remember). That's what I'm striving for.

Like Acumen-- take those bloody 30 pips and go!
Quoting Adwin
Daily Charts 10/08


Hourly chart 8h00 GMT+7
holy skwiglies. lose the indies. PA (p r i c e --- a c t i o n) is key. watch it for 3 years.
USD Est Non Mortuus
Quoting PipGal
The most difficult thing, for me, in this game,is knowing when to call it quits. That's the mark of a pro. To say, I'll never let this winner turn into a loser (me, sooooo many times I can't remember). That's what I'm striving for.

Like Acumen-- take those bloody 30 pips and go!
30 PIPS/Day = Mad coin.

If you like longer term you could move your stop to break even after a certain number of PIPS.

Just a thought.
Quoting LuckyLurker
holy skwiglies. lose the indies. PA (p r i c e --- a c t i o n) is key. watch it for 3 years.
Indicators Lag.

Price is king.

m
Govt. plans to downgrade economy tonight.

how to trade it?
Quoting acumen
30 PIPS/Day = Mad coin.

If you like longer term you could move your stop to break even after a certain number of PIPS.

Just a thought.
Patience is not my middle name (I want millions NOW). I have to practice this, and yes, 30 pips a day, let me tackle that one first. So far I have 250 pips one day, -300 the next, lol, etc etc.
Quoting PipGal
The most difficult thing, for me, in this game,is knowing when to call it quits. That's the mark of a pro. To say, I'll never let this winner turn into a loser (me, sooooo many times I can't remember). That's what I'm striving for.

Like Acumen-- take those bloody 30 pips and go!
I don't know if this helps..but here goes:

I trade 1 standard lot, at the maximum. Rarely do I ever get that high. I scale in with a $1 dollar pip through what I call "Entry Zones"...usually starting 10 pips before my target price and ending 10 pips on the other side. My stop is 20 pips beyond my last entry point. If I am 30 pips wrong on an entry, that is enough for me to admit that I was wrong. As each of my entries pass 10 pips profit, I move my stop to break even..letting winners turn into losers is one way to lose your relegion fast! I know I lose out on some pips this way...but capital preservation in #1, above all others.
Ok: I concede. Mid Long Term Trading is a Crap shoot in this Market but, believe it or not, I am sated with Fishing. Now it's time to hunt some Scalps. {Rieley will not be joining me on this trip }

So... How does a Swing {MT/LT} Trader change his ways to Scalp a few pips from this Market?


1) Reduce TF of Charts. {uh duh???}
2) Cut Entry Lot Size in Half! {At Least}
3) Snug up SL levels {Unless you are using Trading TF Chart to determine S/R Levels (which will do that automatically if you know how to recognise them.)}
4) *Very Important if you are a Term Trader Looking to Scalp* Do Not Deviate From The "Cut Lot Size." If you do, you will give up too much Profit when the Market finally decides on a direction which may be contrary.

These are times when Cash can be added too but not Compounded. If you catch my drift...
Quoting FX-Petra
I don't know if this helps..but here goes:

I trade 1 standard lot, at the maximum. Rarely do I ever get that high. I scale in with a $1 dollar pip through what I call "Entry Zones"...usually starting 10 pips before my target price and ending 10 pips on the other side. My stop is 20 pips beyond my last entry point. If I am 30 pips wrong on an entry, that is enough for me to admit that I was wrong. As each of my entries pass 10 pips profit, I move my stop to break even..letting winners turn into losers is one way to lose your relegion fast! I know I lose out on some pips this way...but capital preservation in #1, above all others.
Yeah I operate on zones myself. I don't call exact prices too often, I just go for the meat of the chart and figure, barring any huge calamity (which requires a different strategy) the price will return to the meat...it's basically a retrace strategy like you find when people apply FIBS, but I just go by the curves of the chart and few trend indicators to avoid buying at obviously bad spots.
Quoting FX-Petra
I don't know if this helps..but here goes:

I trade 1 standard lot, at the maximum. Rarely do I ever get that high. I scale in with a $1 dollar pip through what I call "Entry Zones"...usually starting 10 pips before my target price and ending 10 pips on the other side. My stop is 20 pips beyond my last entry point. If I am 30 pips wrong on an entry, that is enough for me to admit that I was wrong. As each of my entries pass 10 pips profit, I move my stop to break even..letting winners turn into losers is one way to lose your relegion fast! I know I lose out on some pips this way...but capital preservation in #1, above all others.
These are great points, thank you. Mission # 1: I need to find a new broker. I use Gain Capital and they steal 50% of my trades with their stupid 3 pip spread.
Quoting Bemac
Ok: I concede. Mid Long Term Trading is a Crap shoot in this Market but, believe it or not, I am sated with Fishing. Now it's time to hunt some Scalps. {Rieley will not be joining me on this trip }

So... How does a Swing {MT/LT} Trader change his ways to Scalp a few pips from this Market?


1) Reduce TF of Charts. {uh duh???}
2) Cut Entry Lot Size in Half! {At Least}
3) Snug up SL levels {Unless you are using Trading TF Chart to determine S/R Levels (which will do that automatically if you know how to recognise them.)}
4) *Very Important if you are a Term Trader Looking to Scalp* Do Not Deviate From The "Cut Lot Size." If you do, you will give up too much Profit when the Market finally decides on a direction which may be contrary.

These are times when Cash can be added too but not Compounded. If you catch my drift...
What scalping method do you use?
or more downside?

Any seers in the house?
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