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Why did you start trading and what do you expect from it? 19 replies

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Trade What You See And Not What You Hope 0 replies

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Trade what you see NOT what you expect

  • #7,901
  • Apr 15, 2009 11:27am Apr 15, 2009 11:27am
Quoting Infinity
I'm a footy (soccer) kind a guy...

I'm with you on that one Infinity
  • #7,902
  • Apr 15, 2009 11:29am Apr 15, 2009 11:29am
I think my key problems are:
1. stop losses too short
2. taking profit too early when i should let it run
3. not taking profit when i should and it reverses

any advice on any of these areas?
  • #7,903
  • Apr 15, 2009 11:30am Apr 15, 2009 11:30am
Quoting PippiNole
Haven't you ever heard of the foot wedge?

That is what some people use when their ball ends up behind a tree. I may need your foot skills.

Quoting BrazilianDan
I'm with you on that one Infinity
Patience + Discipline - Greed = Success
  • #7,904
  • Apr 15, 2009 11:30am Apr 15, 2009 11:30am
My ideal short would be able to get in around 5050 with a tight stop.

Thats my plan unless price just blows through it. I like a no risk trad, quickly!
  • #7,905
  • Apr 15, 2009 11:31am Apr 15, 2009 11:31am
Quoting Infinity
I'm a footy (soccer) kind a guy...
I'm more of a PS3 fifa 09 footy kind of guy, although I used to play a lot of footy as a kid, all we needed was four sweaters or coats to make the goal posts, and we were good to go!
  • #7,906
  • Apr 15, 2009 11:31am Apr 15, 2009 11:31am
Quoting BenScoobert
I think my key problems are:
1. stop losses too short
2. taking profit too early when i should let it run
3. not taking profit when i should and it reverses

any advice on any of these areas?
Review previous strong areas of support and resistance for both your stop and profit..
Patience + Discipline - Greed = Success
  • #7,907
  • Apr 15, 2009 11:36am Apr 15, 2009 11:36am
Quoting rt4x
Just on a positive note...I believe in giving to others or sharing with others what has been given to me by grace....I had a group of people (mostly family members) that have been wanting to learn forex...so we are meeting on Tuesday nights 8-10 pm est. to share and talk about forex, starting from the basics of babypips.com....I have directed them to our thread (if I may call it "our"...that's how it feels) and they are loving it....maybe one of these tuesdays some of our senior members will post around that time some insight...they will be very...
Great Stuff, I have really wanted to get some of my familly involved in this. But they all just want instant riches, with no work involved. Same thing I want also , But I am a bit more realistic. Glad it is wotking out for you all...

Ken Lee
Good Trading To All ; Ken Lee
  • #7,908
  • Apr 15, 2009 11:39am Apr 15, 2009 11:39am
Quoting KENNETH lEE
Great Stuff, I have really wanted to get some of my familly involved in this. But they all just want instant riches, with no work involved. Same thing I want also , But I am a bit more realistic. Glad it is wotking out for you all...

Ken Lee
i hope you show them some of your quality posts ken, i have some of yours permanently on other tabs for me to quickly look at
  • #7,909
  • Apr 15, 2009 11:51am Apr 15, 2009 11:51am
Quoting BenScoobert
i hope you show them some of your quality posts ken, i have some of yours permanently on other tabs for me to quickly look at

Thanks for that.. It is how I learn . Doing the charts and posts helps me to remember things. Now if the brain can get the finger to do the right thing at the right time. Where's that hammer..
Good Trading To All ; Ken Lee
  • #7,910
  • Apr 15, 2009 11:52am Apr 15, 2009 11:52am
Quoting Infinity
I am still in my long from 4830 and have no other positions atm... I don't see a short atm and I have moved my stop to +50...
Excellent trading bro! I'm still with my long soldiers as well I have a TP of 5010 that will take some off, but the rest is covered at +50 as well. I don't see a short atm either. But will be watching as we're nearing today's high.
Just digging in the trenches like everyone else!
  • #7,911
  • Apr 15, 2009 11:52am Apr 15, 2009 11:52am
Quoting KENNETH lEE
Thanks for that.. It is how I learn . Doing the charts and posts helps me to remember things. Now if the brain can get the finger to do the right thing at the right time. Where's that hammer..
I have a friend who sounds like that, he's useless at DIY,
says to me "i can visualize what i want to do, the hands just dont do it"
  • #7,912
  • Apr 15, 2009 11:56am Apr 15, 2009 11:56am
My 2nd TP aread was just hit. Here's the h1 again for everyone to review.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 46 KB
Just digging in the trenches like everyone else!
  • #7,913
  • Apr 15, 2009 12:12pm Apr 15, 2009 12:12pm
Quoting rt4x
Just on a positive note...I believe in giving to others or sharing with others what has been given to me by grace....I had a group of people (mostly family members) that have been wanting to learn forex...so we are meeting on Tuesday nights 8-10 pm est. to share and talk about forex, starting from the basics of babypips.com....I have directed them to our thread (if I may call it "our"...that's how it feels) and they are loving it....maybe one of these tuesdays some of our senior members will post around that time some insight...they will be very...
I was going to put the question out there about what age do people think they should get into learning FX trading, so what do you reckon people? You know kids pick things up a lot quicker than the rest of us, I was thinking maybe 5 or 6 to learn the basics, they could be sh^t hot by the time they were 11 or 12.
please DON'T copy my trades I am still learning
  • #7,914
  • Apr 15, 2009 12:12pm Apr 15, 2009 12:12pm
Quoting eohater
My 2nd TP aread was just hit. Here's the h1 again for everyone to review.
Excellent trading bro! I took some more profit at 5005 myself... Very small position left on now...
Patience + Discipline - Greed = Success
  • #7,915
  • Apr 15, 2009 12:12pm Apr 15, 2009 12:12pm
I dont understand it news was better than expected and it triggers a sell off. I must have obviously missed something. As a consequence we may see a short term double top on cable. We would need to break the trendline around 4980 to look more convincing though
  • #7,916
  • Apr 15, 2009 12:16pm Apr 15, 2009 12:16pm
Quoting Infinity
Excellent trading bro! I took some more profit at 5005 myself... Very small position left on now...
I'm small as well, 2 on EU and 2 on GU left. My EU btw is covered at +100 so it's all good. I notice it's spiked up as well. 1.32 was a key area for it to get below and hold. I'll evaluate the position near the end of the day.
Just digging in the trenches like everyone else!
  • #7,917
  • Apr 15, 2009 12:21pm Apr 15, 2009 12:21pm
Quoting eohater
My 2nd TP aread was just hit. Here's the h1 again for everyone to review.
Here's my H1, EO. In the upper right where the two red tl's intersect is about 1.5100.
Attached Image
Hi, my name is Barry and you can keep your doctor...
  • #7,918
  • Apr 15, 2009 12:23pm Apr 15, 2009 12:23pm
Quoting cisco
Here's my H1, EO. In the upper right where the two red tl's intersect is about 1.5100.
We're on the same page then bro! 1.51 is on mine as well. Plus on the daily I have 1.513x as a key shorting opportunity.
Just digging in the trenches like everyone else!
  • #7,919
  • Apr 15, 2009 12:24pm Apr 15, 2009 12:24pm
Quoting cisco
Here's my H1, EO. In the upper right where the two red tl's intersect is about 1.5100.
Ditto!
  • #7,920
  • Apr 15, 2009 12:25pm Apr 15, 2009 12:25pm
Quoting eohater
We're on the same page then bro! 1.51 is on mine as well. Plus on the daily I have 1.513x as a key shorting opportunity.
Sounds like a plan!
Hi, my name is Barry and you can keep your doctor...
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