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  • #90,301
  • Apr 29, 2009 1:08am Apr 29, 2009 1:08am
Here is what I am looking at. I consider this very likely. In this market, expect a wild ride
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  • #90,302
  • Apr 29, 2009 1:09am Apr 29, 2009 1:09am
I want to be trader like you guys here but my family says it is gambling. What do you say to your family and friends? My wife says that I am being lazy and I am dreaming. My dad seems to be cool with it but the rest of the family call it gambling and say I should try harder to get a better job. What should I say them?
  • #90,303
  • Apr 29, 2009 1:11am Apr 29, 2009 1:11am
Quoting KillerWhale
Wow, I called for long yesterday because my indicators said so. Too bad I was traveling most of the time and because my bias was south I lost a very tiny trade I had put in short.
I missed all of the up move.
It could go up more, but I'm staying out at the moment. I need a clear direction before my next move.
And I'm behind on schedule, so far up 0.2185% this week which is not very much.
Oh well, the week is not over yet.

And of course now it will get interesting with London open and I have to go to sleep.
Sh#t.
sleep, your not allowed to sleep when trading forex! lol anyway, its still kinda early where you are. i'm on the east coast. tomorrow am and afternoon gonna be a fun ride, so if your gonna sleep, do it now.
"i wake up in the morning, and i piss excellence"
  • #90,304
  • Apr 29, 2009 1:15am Apr 29, 2009 1:15am
Quoting KillerWhale
Wow, I called for long yesterday because my indicators said so. Too bad I was traveling most of the time and because my bias was south I lost a very tiny trade I had put in short.
I missed all of the up move.
It could go up more, but I'm staying out at the moment. I need a clear direction before my next move.
And I'm behind on schedule, so far up 0.2185% this week which is not very much.
Oh well, the week is not over yet.

And of course now it will get interesting with London open and I have to go to sleep.
Sh#t.

Don't you just hate it when that happens. This morning I woke up to see the price had got to exactly where I put in a limit order to buy overnight, and thinking that I may have missed the trade because of the spread I was preparing myself to take some time out to avoid the mental frustration. Luckily the limit order triggered and I took a handsome profit as it hit R1. This gave me a chance to go short.
And all because I got lucky by not missing the trade. I think you're doing the right thing taking a step back to let any emotional frustration wear off.
  • #90,305
  • Apr 29, 2009 1:16am Apr 29, 2009 1:16am
Quoting Atlast
Here is what I am looking at. I consider this very likely. In this market, expect a wild ride
I'm in agreement. A break and re-test of that line will be my entry.
  • #90,306
  • Apr 29, 2009 1:20am Apr 29, 2009 1:20am
Quoting teddybearhug
I want to be trader like you guys here but my family says it is gambling. What do you say to your family and friends? My wife says that I am being lazy and I am dreaming. My dad seems to be cool with it but the rest of the family call it gambling and say I should try harder to get a better job. What should I say them?
Lots of issues to deal with here.

Do you have a reliable source of income? If not, get one.

They say it's gambling? My opinion is that they don't have a clue. But opinions are like a$$holes, everyone has them. It can be gambling if you take everything and take one position without any reason. It can also be a calculated risk.

And finally, they don't want you to. Well, if you're an adult and live in your own place, you really have to ask yourself who's life you want to be living. Yours or theirs?
Not all sins are created equal
  • #90,307
  • Apr 29, 2009 1:24am Apr 29, 2009 1:24am
Quoting teddybearhug
I want to be trader like you guys here but my family says it is gambling. What do you say to your family and friends? My wife says that I am being lazy and I am dreaming. My dad seems to be cool with it but the rest of the family call it gambling and say I should try harder to get a better job. What should I say them?
Unless you are financially well or been trading for several years, your family are right. There is a lot to be said for getting a better job. I only got this far because I didn't give up, but I went broke several times in the process (no fun for anyone including family)
  • #90,308
  • Apr 29, 2009 1:25am Apr 29, 2009 1:25am
Retesting R1.
  • #90,309
  • Apr 29, 2009 1:31am Apr 29, 2009 1:31am
Quoting teddybearhug
I want to be trader like you guys here but my family says it is gambling. What do you say to your family and friends? My wife says that I am being lazy and I am dreaming. My dad seems to be cool with it but the rest of the family call it gambling and say I should try harder to get a better job. What should I say them?
It's better to have a real job and also become a trader..my motto is don't trade for a living but trade for an additional income. It works for me at least it pays my internet and electricity bill .
  • #90,310
  • Apr 29, 2009 1:39am Apr 29, 2009 1:39am
Quoting teddybearhug
I want to be trader like you guys here but my family says it is gambling. What do you say to your family and friends? My wife says that I am being lazy and I am dreaming. My dad seems to be cool with it but the rest of the family call it gambling and say I should try harder to get a better job. What should I say them?
If you are just starting to trade, get a job and don't do this for a living. You'll be bankrupt in no time.
Only trade money you can afford to lose.
It's a nice hobby if you can get by.
And if it works for you, you'll slowly get bigger and trade with more confidence.
Trading for a living is not easy. Don't start with it until you are ready for it.

Shamu.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #90,311
  • Apr 29, 2009 1:40am Apr 29, 2009 1:40am
Quoting teddybearhug
I want to be trader like you guys here but my family says it is gambling. What do you say to your family and friends? My wife says that I am being lazy and I am dreaming. My dad seems to be cool with it but the rest of the family call it gambling and say I should try harder to get a better job. What should I say them?
Oh, and by the way, if your wife thinks it is being lazy, let her try sitting at a computer screen, analysing all day. I give her 5 minutes and she'll give up. But I have another solution. If she doesn't give up after 5 min, let her trade instead with your strict strategy. I hear women make better traders because they follow the rules. They are not such emotional beings as us, strange thing that!!
  • #90,312
  • Apr 29, 2009 1:42am Apr 29, 2009 1:42am
R1 again
  • #90,313
  • Apr 29, 2009 1:44am Apr 29, 2009 1:44am
Quoting Atlast
Oh, and by the way, if your wife thinks it is being lazy, let her try sitting at a computer screen, analysing all day. I give her 5 minutes and she'll give up. But I have another solution. If she doesn't give up after 5 min, let her trade instead with your strict strategy. I hear women make better traders because they follow the rules. They are not such emotional beings as us, strange thing that!!
Women not emotional?

Funny but all the women I've been with are emotional time bombs.
Not all sins are created equal
  • #90,314
  • Apr 29, 2009 1:47am Apr 29, 2009 1:47am
Quoting Jay Walker
Women not emotional?

Funny but all the women I've been with are emotional time bombs.
100% AGREE
New voice message: Why are you calling me? If I need you, I'll call you!
  • #90,315
  • Apr 29, 2009 1:53am Apr 29, 2009 1:53am
Time to go down...yahuuu going to today's pivot i hope...
The trend is your friend and you is your enemy - MJ
  • #90,316
  • Apr 29, 2009 1:55am Apr 29, 2009 1:55am
Quoting teddybearhug
I want to be trader like you guys here but my family says it is gambling. What do you say to your family and friends? My wife says that I am being lazy and I am dreaming. My dad seems to be cool with it but the rest of the family call it gambling and say I should try harder to get a better job. What should I say them?
Trade live with an Oanda account.You can trade as low as 1 cent or less if you wish.At least you won't break yourself that way!
  • #90,317
  • Apr 29, 2009 2:12am Apr 29, 2009 2:12am
Quoting Atlast
Oh, and by the way, if your wife thinks it is being lazy, let her try sitting at a computer screen, analysing all day. I give her 5 minutes and she'll give up. But I have another solution. If she doesn't give up after 5 min, let her trade instead with your strict strategy. I hear women make better traders because they follow the rules. They are not such emotional beings as us, strange thing that!!

women are creatures of emotion. but what can make them a better trader is that they are more cautious. this is evidenced by the fact that the majority of mortgage underwriters are women. although, over the past several years, that didn't seem to matter much, as automated underwriting has been relied on more heavily.
"i wake up in the morning, and i piss excellence"
  • #90,318
  • Apr 29, 2009 2:12am Apr 29, 2009 2:12am
wave analysis
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{Promotion Removed}
  • #90,319
  • Apr 29, 2009 2:13am Apr 29, 2009 2:13am
Off the 15min chart 1.3165 is a good buying area with target 1.3220
  • #90,320
  • Apr 29, 2009 2:34am Apr 29, 2009 2:34am
Quoting Jay Walker
Women not emotional?

Funny but all the women I've been with are emotional time bombs.
I meant emotional at trading. We all know women are from venus.
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