hey nav, well pleased for you on that 100ish pip profit, now you got to do it everyday and you can say goodbye to that job! I wish i could say the same, but i will get there.
hows the trading going buddy?
Cable Update (GBPUSD)
- #100,281
- Nov 21, 2008 12:36pm Nov 21, 2008 12:36pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
hows the trading going buddy?
- #100,283
- Nov 21, 2008 12:43pm Nov 21, 2008 12:43pm
it can happens we will get there together one of these days..
hows the trading going buddy?
I don't know what happened this last week and last 2 days of last week, before that I was coming out positve everyday. Maybe I need a week off on a demo account, or not on at all just watching. I will see.
Hope your next week begins as well as you ended it
please DON'T copy my trades I am still learning
- #100,284
- Nov 21, 2008 12:43pm Nov 21, 2008 12:43pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
i messed up there too...my stop was 200 pips away from entry target was a new low.....i really thought today it was gonna blow right down..
u notice we were above the 62 ema but this time i didnt even see it as a obstacle i was quite sure it would fall...i gotta work on staying in the trades
next time i will just place on BE and even if it comes back at least it wasnt a loss... still this week is a improvement
yeah man! ....im always closing out....i gotta get displined, i enter i accepted the risk now i gotta see it through
and this http://www.forexfactory.com/attachme...6&d=1227266354
When life gives you lemons, make lemonade
- #100,285
- Nov 21, 2008 12:45pm Nov 21, 2008 12:45pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
hi mich,wat do u think?cable on 15mins chart looks like h&s so is the price coming down?
When life gives you lemons, make lemonade
- #100,286
- Nov 21, 2008 12:46pm Nov 21, 2008 12:46pm
piss poor this week mate, I was too desperate to be in a trade I think and messed up royally again. Still i will now say to myself for another time PATIENCE, you can't force a trade so do not do it.
I don't know what happened this last week and last 2 days of last week, before that I was coming out positve everyday. Maybe I need a week off on a demo account, or not on at all just watching. I will see.
Hope your next week begins as well as you ended it
please DON'T copy my trades I am still learning
- #100,287
- Nov 21, 2008 12:51pm Nov 21, 2008 12:51pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
piss poor this week mate, I was too desperate to be in a trade I think and messed up royally again. Still i will now say to myself for another time PATIENCE, you can't force a trade so do not do it.
I don't know what happened this last week and last 2 days of last week, before that I was coming out positve everyday. Maybe I need a week off on a demo account, or not on at all just watching. I will see.
Hope your next week begins as well as you ended it
what i do is if i trade 15 minutes im looking to be in and out if dailly then looking for 50+ pips dont trade the 15 minute time frame and look to make 100 pips.
might also wanna try a micro account this way when u totally messup at least its not to costly, then as u improve increase lot sizes..even on 0.01 i reckon there lots of money to be made ..
it moves so damn quick at one stage it was 235 pips up...so its very risky to trade big lots cause if yur not with it...blowing an account definately possible
i think yur confidence is just knocked..u will bounce back!
have a good weekend pal
- #100,288
- Nov 21, 2008 12:54pm Nov 21, 2008 12:54pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
check this out
you were not disciplined though
and this http://www.forexfactory.com/attachme...6&d=1227266354
u were 100% correct i should have exited exactly at that low..then if it broke maybe reenter.....
- #100,289
- Nov 21, 2008 1:07pm Nov 21, 2008 1:07pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
Just digging in the trenches like everyone else!
- #100,290
- Nov 21, 2008 1:07pm Nov 21, 2008 1:07pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
getting there thou
u were 100% correct i should have exited exactly at that low..then if it broke maybe reenter.....
When life gives you lemons, make lemonade
heya again, no let it go man... markets will close soon... we'll trade again next week... now time for the weekend
- #100,292
- Nov 21, 2008 1:09pm Nov 21, 2008 1:09pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
that is called greed
Just digging in the trenches like everyone else!
- #100,294
- Nov 21, 2008 1:14pm Nov 21, 2008 1:14pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
hey man,thanks i think i will go out 4 a drink now thanks again man,thanks.hey mich i think i will use some help 4rom u next week,i started life trading last month, but am on -(minus)meaning am on lose, will really love to use ur help in bluiding my account back,am leaving the forum now,pls reply to my e-mail:[email protected] love to hear 4rom u 2morrow.thanks,
if you are in nigeria now, i think time to go to pat's bar or why not hahahahaah lots of mustiqos over there
When life gives you lemons, make lemonade
- #100,295
- Nov 21, 2008 1:16pm Nov 21, 2008 1:16pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #100,296
- Nov 21, 2008 1:17pm Nov 21, 2008 1:17pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
that is called greed
good one!
- #100,297
- Nov 21, 2008 1:19pm Nov 21, 2008 1:19pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
When life gives you lemons, make lemonade
- #100,298
- Nov 21, 2008 1:20pm Nov 21, 2008 1:20pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
EO i hope it going yur way pal ..if yur not out already
- #100,299
- Nov 21, 2008 1:20pm Nov 21, 2008 1:20pm
- Joined Mar 2008 | Status: Fooled by randomness | 8,362 Posts
all the pips are mine all of them no sharing
When life gives you lemons, make lemonade
- #100,300
- Nov 21, 2008 1:21pm Nov 21, 2008 1:21pm
- Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts
ain't that a fact! Lock in profits and if you get stopped out for a few pips so be it at least it's profit you can always come to the table again at another entry point.
As my friend Turtle and I like it, we like to be green within 15m of entering a trade. If I'm not, I'm looking at my options longer term and risk:reward appetite comes into play heavily. Yesterday, I went long couple of times off 4750 and made good money both times. Then the third time the price came around, I took it again, and all of a sudden she takes a plunge. I knew going into any of the trades that if we broke 4700, she's running like a stallion at the derby. So, I left my order open and left my SL at 4690 and went home to family time and dinner, when I finally got around to looking at my charts, I was green. I locked in at +1 and went to bed and woke up to her being at the top. I should have closed her out at 5060, but I didn't. My greed got the best of me at this point. I was watching the 1h 62ema, expecting her to pullback and bounce off, I added to my position and then got closed out at 4850. I still made money on the trade, just not like I should have. Greed is hard to overcome. I have problems with it just like everyone else.
Alright, I'm done rambling. I hope everyone has a great weekend and party's their ass off. Let's get back to the battle next week!
Just digging in the trenches like everyone else!