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  • #84,501
  • Apr 9, 2009 9:56am Apr 9, 2009 9:56am
Quoting Hasnaa
what about Your prediction !!!
Welcome to our Thread!
  • #84,502
  • Apr 9, 2009 9:58am Apr 9, 2009 9:58am
good day for sells
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  • #84,503
  • Apr 9, 2009 9:59am Apr 9, 2009 9:59am
buy 1 more it may up
  • #84,504
  • Apr 9, 2009 10:00am Apr 9, 2009 10:00am
Nice bull bear fight at 1.32... and i'm short
Traders are smartasses
  • #84,505
  • Apr 9, 2009 10:01am Apr 9, 2009 10:01am
Anyone thinking long?
  • #84,506
  • Apr 9, 2009 10:02am Apr 9, 2009 10:02am
[quote=psiholog;2660810]this post goes to all new traders that are interested as it portrays mistakes one should never make when aware of the forces at work. rookie mistakes i have made and the list is quite long.

OH man, I had so many a1 entries today, if I show my blotter the number of stop losses that got hit at break even +1 is crazy.

I just wouldn't freaking take profit. Every time I was SURE that that was the one to let ride. Like a broken record over and over again total failure to adapt. I am up 3 euros for the day. I would say at least 180 passed through my fingers (I generally trade with .02 lots max). Don't ask how I feel. The terminal is shut down and I am now going for a very long walk. On trend days I have been scalping, on range days I have been trying to take a position. IT happens. Hopefully IT will happen less and less with more experience.

Maybe next week I'll be in sync with what's going on. The only thing I can do at this point is hurt my account so I'm not going near it.
  • #84,507
  • Apr 9, 2009 10:04am Apr 9, 2009 10:04am
as 1.3300 proved to be the battle ground earlier...now that level is 1.3225. being strong support for quite some time..lets see if its resistance now.

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Different opinions highly valued, ignorant to slander.
  • #84,508
  • Apr 9, 2009 10:05am Apr 9, 2009 10:05am
buy
be patient, self-belief and discipline... stay focus...
  • #84,509
  • Apr 9, 2009 10:06am Apr 9, 2009 10:06am
[quote=SerpentDove;2660887]
Quoting psiholog
this post goes to all new traders that are interested as it portrays mistakes one should never make when aware of the forces at work. rookie mistakes i have made and the list is quite long.

OH man, I had so many a1 entries today, if I show my blotter the number of stop losses that got hit at break even +1 is crazy.

I just wouldn't freaking take profit. Every time I was SURE that that was the one to let ride. Like a broken record over and over again total failure to adapt. I am up 3 euros for the day. I would say...
Sir,

If you made that many mistakes and have not lost your shirt, thank your personal deity and enjoy your weekend. It is very, very easy to make money in forex. What is not so easy is hanging on to it.
  • #84,510
  • Apr 9, 2009 10:06am Apr 9, 2009 10:06am
Quoting jack.canadia
Anyone thinking long?
Ask deep inside urself. Follow the trend.
1st Rule: Never lose money. 2nd Rule : Never forget Rule No. 1
  • #84,511
  • Apr 9, 2009 10:07am Apr 9, 2009 10:07am
.....something about my account.

This is not to be some Autoproclamation about me as superior around here.
But I do not see my account to be less per week since 6 Months ago.

I lose trades too, but usually the ones I lose it is with profit average.
Last week I lost 2 trades without average, it is rare in my account for some time this.

WHY! Because I do not will be rich trading forex and I follow MM.

I still have 2 trades open since last 1.3000, not more than 0.25% of my account. As you guys can see, for that ones I had more than -700 pips some days ago.

I caught that 1.3737 as top and I have already wrote here about that.
It is easy to see now where we are going.

FOLLOW THE TREND!!
  • #84,512
  • Apr 9, 2009 10:13am Apr 9, 2009 10:13am
Quoting siaokia
Ask deep inside urself. Follow the trend.
lol thanks!!!

But deep down, the DOW is up, EUR/GBP is bullish ... deep down we are approaching the daily 55 ema and also daily S1 at 3178

so deep down, i think price may turn soon and , deep down, am thus looking to buy!
  • #84,513
  • Apr 9, 2009 10:17am Apr 9, 2009 10:17am
Quoting BoredToLoose
.....something about my account.

This is not to be some Autoproclamation about me as superior around here.
But I do not see my account to be less per week since 6 Months ago.

I lose trades too, but usually the ones I lose it is with profit average.
Last week I lost 2 trades without average, it is rare in my account for some time this.

WHY! Because I do not will be rich trading forex and I follow MM.

I still have 2 trades open since last 1.3000, not more than 0.25% of my account. As you guys can see, for that ones I had more than -700 pips...
so where are we going exactly?
  • #84,514
  • Apr 9, 2009 10:18am Apr 9, 2009 10:18am
A large drop is certainly a good possibility. However, I'm not 100% convinced as some seem around here...

1. Sure, it looks to be a beautiful HS pattern on the 4H. But... it's not at the top of a run up, so that gives it less credibility as an HS.

2. The 4H also shows a clear pennant pattern w/ baseline at around 1.311. We could still be in that pattern for several days, and have not yet seen any signs of a breakout.

3. For everyone saying to follow the trend... well, there are several trends at play... but if you're talking about the "overall trend" I'll have to ask you, which trend do you see on this chart:
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  • #84,515
  • Apr 9, 2009 10:18am Apr 9, 2009 10:18am
Quoting jack.canadia
lol thanks!!!

But deep down, the DOW is up, EUR/GBP is bullish ... deep down we are approaching the daily 55 ema and also daily S1 at 3178

so deep down, i think price may turn soon and , deep down, am thus looking to buy!

Haha.. Cheers.. Always ask.. How sure are you ? May be can apply WHY-WHY methology and FMEA inside forex trading..

Best Regards.
1st Rule: Never lose money. 2nd Rule : Never forget Rule No. 1
  • #84,516
  • Apr 9, 2009 10:21am Apr 9, 2009 10:21am
I too broke my rules and went long the EUR betting on the rally in US Equities..Stoped out for -60 pips Still up on the week though.
  • #84,517
  • Apr 9, 2009 10:22am Apr 9, 2009 10:22am
I love when it falls like this so beautiful.
  • #84,518
  • Apr 9, 2009 10:22am Apr 9, 2009 10:22am
Quoting F.x.
1. Sure, it looks to be a beautiful HS pattern on the 4H. But... it's not at the top of a run up, so that gives it less credibility as an HS.
Hi, im a newbie here, would like to ask, what u mean by "its not at the top of a run up so it so that gives it less credibility as an HS."?
  • #84,519
  • Apr 9, 2009 10:23am Apr 9, 2009 10:23am
Quoting Maxsmart
so where are we going exactly?
I have a PayPal account, If I see some money there and can reply by request!



I am very stupid to be around here for free!!

Ok, people long and you guys will be rich Tomorrow!
  • #84,520
  • Apr 9, 2009 10:23am Apr 9, 2009 10:23am
Quoting Maxsmart
I love when it falls like this so beautiful.

I love it whenever it goes the same direction I entered the trade
Traders are smartasses
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