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  • #66,841
  • Feb 19, 2009 7:51pm Feb 19, 2009 7:51pm
I closed here more two trades I have opened at 1.2633 and my 1.2606 trade.

Why I did this?

Because 1.2615 is now a MAJOR Support!!!

I will enter enter if we break this and wait to see a new retest of this area after breaking.

Party could wait!!
Taking PF of your trades are the most important rule!!
For now I have only 1.3740 and 1.2745 shorts!!
  • #66,842
  • Feb 19, 2009 7:55pm Feb 19, 2009 7:55pm
Quoting FadelMS
Great post. However I don't think we are supposed to kill this beast unless you mean FEAR. I think little nervousness is OK so that we [traers] stay alert. And somtimes nervesouness works as a warning that someting is wrong with the trading plan, then you go back to reevaluate your plan. I think trading is similar to delivering speeches, no matter how much experience you have, you still feel nervous. Killing this beast means turning people into robots trading mechanically witout feelings.
Thanks.
I guest lecture at universities occasionally, so public speaking is not really a problem for me - it may be for you however. I have had to quit smoking, and the mindset to successfully do so, is very similar to handling the emotions you experience when trading (not the actual emotions, but dealing with them).

I didn't say kill, you can't kill them, only subdue (to quiet or bring under control by physical force or persuasion).

I beg to differ on the robot, if you can trade without any human emotion what-so-ever (with a sound plan that is, not track or casino gambling), you will be once rich MF. You are referring to a robot as we know it today (dumb, stupid, told exactly what to do). Construct a neural network that works in exactly the same way our mind does (minus emotion), learns and adapts to the forever changing environment, and well.... Holy mother of god. That will be the day we see humanoid robots walking down our street (yes, like Terminator).

I'll be back....
  • #66,843
  • Feb 19, 2009 7:59pm Feb 19, 2009 7:59pm
Quoting BoredToLoose
I closed here more two trades I have opened at 1.2633 and my 1.2606 trade.

Why I did this?

Because 1.2615 is now a MAJOR Resistance!!!
You mean support?
  • #66,844
  • Feb 19, 2009 7:59pm Feb 19, 2009 7:59pm
Quoting Bemac
Trader Psychology disseminated.

If you have been Trading for >= a year or so, then you have read some stuff on this Topic.

If the above Fits you & you think that, given another 5 years or so, you will have it beat...
Sorry but I have some Bad News.

Trading Psychology is a Never Ending Battle.

Let's call it something else. Let's call it Trader Confidence.

Trader Confidence is, by far, the Ultimate Hurdle in Your Career. No matter how far into that career you have ventured.

Confidence That:
You are Correct on your Call.
If Not, Your Odds Advance...
Sorry I haven't been keeping up with all the posts, and I may have mist what your talking about??? I just wanted to say NICE and NIAL ON THE HEAD Now I get to go back to Tax sh#t !!!!!
I love my government---I love my government---I love my gover.........CRAP!!!!!!

Pips to the masses!!!!!!!!!!!!!!!!!!!!!!!!!
  • #66,845
  • Feb 19, 2009 8:00pm Feb 19, 2009 8:00pm
Quoting FadelMS
You mean support?
  • #66,846
  • Feb 19, 2009 8:02pm Feb 19, 2009 8:02pm
Quoting NuckingFuts
[...]
I have had to quit smoking, and the mindset to successfully do so, is very similar to handling the emotions you experience when trading (not the actual emotions, but dealing with them).
[...]
I was a smoker for about 20 years 2+ packs a day, more than 3 years ago i quit smoking(just decided too, no other help), and being solid in mindset help me a lot to overcome the "desire", indeed an experience that helped me improve my stability has a trader.

I don't advise anyone to start smoking and quit after to try and "find" that mindset though
Traders are smartasses
  • #66,847
  • Feb 19, 2009 8:04pm Feb 19, 2009 8:04pm
Quoting Spsantos
I don't advise anyone to start smoking and quit after to try and "find" that mindset though


Hell no.
  • #66,848
  • Feb 19, 2009 8:07pm Feb 19, 2009 8:07pm
Quoting NuckingFuts


Hell no.
"Ban The Bong"
  • #66,849
  • Feb 19, 2009 8:15pm Feb 19, 2009 8:15pm
Quoting Bemac
"Ban The Bong"


  • #66,850
  • Feb 19, 2009 8:16pm Feb 19, 2009 8:16pm
Quoting ak4x
Nice turns at the QP's (Aqua lines) so far this evening. (The upper one at 94 is actually 93.5, i rounded up to the even number, according to the mood I'm in)
so where are we going next
  • #66,851
  • Feb 19, 2009 8:16pm Feb 19, 2009 8:16pm
Give me the bong. And the cheetos! And the twinkies!

And the Ren & Stimpy tapes!

...
Not all sins are created equal
  • #66,852
  • Feb 19, 2009 8:17pm Feb 19, 2009 8:17pm
Quoting klinckphilip
so where are we going next
If you can figure that out...you have just found the golden goose.
  • #66,853
  • Feb 19, 2009 8:20pm Feb 19, 2009 8:20pm
That would be my bet going into Friday
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 139 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #66,854
  • Feb 19, 2009 8:21pm Feb 19, 2009 8:21pm
Quoting klinckphilip
so where are we going next
My guess
Attached Image (click to enlarge)
Click to Enlarge Name: eu_projection.png Size: 17 KB
  • #66,855
  • Feb 19, 2009 8:25pm Feb 19, 2009 8:25pm
I guess more than one has been like this today...
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  • #66,856
  • Feb 19, 2009 8:25pm Feb 19, 2009 8:25pm
Quoting NuckingFuts


Hell no.
is a mind "a trerible thing to waste" a oxymoron?
those who can, do. those who cant, talk about those who can
  • #66,857
  • Feb 19, 2009 8:27pm Feb 19, 2009 8:27pm
Quoting emda
I guess more than one has been like this today...
Well, some will do it right and you'll easily be able to tell who they are. They will be jumping up into their windows.
Not all sins are created equal
  • #66,858
  • Feb 19, 2009 8:28pm Feb 19, 2009 8:28pm
Quoting klinckphilip
so where are we going next
Simple really. Play the Exposure that allows you to SL @ Mid 1.27's & shoot for 1.2500 with a view to Mid 1.24##.

&
Keep your eyes on the road ahead.
  • #66,859
  • Feb 19, 2009 8:28pm Feb 19, 2009 8:28pm
Quoting Spsantos
I was a smoker for about 20 years 2+ packs a day, more than 3 years ago i quit smoking(just decided too, no other help), and being solid in mindset help me a lot to overcome the "desire", indeed an experience that helped me improve my stability has a trader.

I don't advise anyone to start smoking and quit after to try and "find" that mindset though
i been smoking since i was 6... i usaully smoke a turkey for christmas..
those who can, do. those who cant, talk about those who can
  • #66,860
  • Feb 19, 2009 8:31pm Feb 19, 2009 8:31pm
this market has been unfriendly i am taking a break from it
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