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EURUSD

  • #95,261
  • May 12, 2009 7:23pm May 12, 2009 7:23pm
Quoting Chicky
It is eating my sheep right now. Let it finish, before it gets trapped into my bobby.
if your on the long side you should be ok... equitys is the wild card..
those who can, do. those who cant, talk about those who can
  • #95,262
  • May 12, 2009 7:23pm May 12, 2009 7:23pm
USD/JPY: Off More, FT Piece On US Rating, BBC DPJ Piece Weighs Tokyo, May 13. Reports overnight (one actually out relatively recently) that the US was in danger of losing its AAA debt rating and that the Japanese opposition, if victorious, would stop purchases of US bonds as part of Japan's foreign reserve management helped push USD/JPY and most other JPY pairs another leg or two lower.

Oh, the more I read, the worse it gets. Two hits in one day for the US$. Hillary is going to have to do a lot more sweet talking. Trendline re-test out of the window for me at the moment.
Nothing worth having is easy.
  • #95,263
  • May 12, 2009 7:26pm May 12, 2009 7:26pm
i got japan up 30 but furtures in europe and north america mixed
those who can, do. those who cant, talk about those who can
  • #95,264
  • May 12, 2009 7:32pm May 12, 2009 7:32pm
Quoting gatorinla
if your on the long side you should be ok... equitys is the wild card..
Not yet, but a pending order. I am almost on sidelines for last few days with 1/10th short positions on three pairs.

ps. But all my calculations say it should comeback near to 1.3500 where my long orders are.
The Thief of Wall Street
  • #95,265
  • May 12, 2009 7:43pm May 12, 2009 7:43pm
Quoting Chicky
Not yet, but a pending order. I am almost on sidelines for last few days with 1/10th short positions on three pairs.

Chicky, Careful your trading differently since the move to full time, get your head back in the game and get back to trading as you did before.


Confidence is KEY!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #95,266
  • May 12, 2009 7:47pm May 12, 2009 7:47pm
Quoting Turveyd
Chicky, Careful your trading differently since the move to full time, get your head back in the game and get back to trading as you did before.


Confidence is KEY!!!
Yes Turveyd. I am a littler longer term this time. Will wait for it to come back near to 1.35xx. I am willing to miss this opportunity. But not convinced that it will go all the way up from here without a retrace. I am looking at 1.5xx but not without a decent retrace from here to 1.42xx. I will only buy on a very decent retrace.
The Thief of Wall Street
  • #95,267
  • May 12, 2009 7:47pm May 12, 2009 7:47pm
Quoting Turveyd
Chicky, Careful your trading differently since the move to full time, get your head back in the game and get back to trading as you did before.


Confidence is KEY!!!
I will be facing the same in a couple of months too. It seems that many people fall into this emotional 'trap'......hope I will be ready to recognise it when it comes
Doing what you like is Freedom. Liking what you do is Happiness.
  • #95,268
  • May 12, 2009 7:50pm May 12, 2009 7:50pm
Quoting knuckledrag
I've never seen you better
Were in a tight spot on the EUR any thoughts on on how to play the pivots?.
I'm happy watching mostly this week and pinching a few here or there since my shorts got stopped out (+pips tho) whenever...

I try not to trade unless I feel in synch and I don't right now. That said, I been hooked up on some other gigs and haven't tried to engage too hard either...

Here's the pivots and the same old fib I been using for a few days now... still works.

I love that phrase btw... George Clooney in "Oh brother where art thou?" Priceless
Attached Image
FUBAR...
  • #95,269
  • May 12, 2009 7:52pm May 12, 2009 7:52pm
Quoting realjumper
I will be facing the same in a couple of months too. It seems that many people fall into this emotional 'trap'......hope I will be ready to recognise it when it comes
Yes, and the worst usually is after some losses in a row, either a loss in confidence(making you be "afraid") or wanting to get "revenge" on the market. Bottom line is that it's always a psych thing, control and discipline, assuming the plan and system are already proven worthy, of course. If not, back to demo!
Traders are smartasses
  • #95,270
  • May 12, 2009 7:55pm May 12, 2009 7:55pm
Quoting Spsantos
Yes, and the worst usually is after some losses in a row, either a loss in confidence(making you be "afraid") or wanting to get "revenge" on the market. Bottom line is that it's always a psych thing, control and discipline, assuming the plan and system are already proven worthy, of course. If not, back to demo!
Yes indeed. Thank you Spsantos. I have been constructing my plan for nearly 6 months now, and I think I will be ready in another couple. I re-read my plan every day so hopefully something will sink in! At the top of my plan, in bold letters is 'If in doubt....STAY OUT'!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #95,271
  • May 12, 2009 8:03pm May 12, 2009 8:03pm
http://students.thiel.edu/lbetz/Cats...-funny-cat.jpg
Not all sins are created equal
  • #95,272
  • May 12, 2009 8:10pm May 12, 2009 8:10pm
I'm not a professional at this, but is there a channel forming on a 1H chart?

I would like that :-)
  • #95,273
  • Edited 8:21pm May 12, 2009 8:12pm | Edited 8:21pm
Quoting realjumper
I will be facing the same in a couple of months too. It seems that many people fall into this emotional 'trap'......hope I will be ready to recognise it when it comes
It is really difficult. Much more difficult than I thought. But nothing is harder than a beginning. I am willing to lose money but not confidence on my system. Will keep on following my system. I earned this money and spent time only to try it out.

It is like flying in an airliner. You comfort yourself that every single minute, thousands of flights take off and land, so what is the big deal? Then as a second thought it comes to your mind "But this one has not yet taken off or landed".

ps. Now four out of five accounts in green. Drawdown on one is less than half of the profit I took on a testing trade. $hit - It is mental capital that is important. My deals are much less than usual, but change in scenario makes them appear as if they are giant trades. I should better change my name from Chicky to Chicken.
The Thief of Wall Street
  • #95,274
  • May 12, 2009 8:18pm May 12, 2009 8:18pm
"After closer inspection of the FT story it showed that the warning from Moody"s over the "AAA" rating was two years old. That said obviously the situation is worse now but the move on the topside appears to have run its course for now."

Make their mind up already ... just trying to confuse the heck out of everyone.
Nothing worth having is easy.
  • #95,275
  • May 12, 2009 8:22pm May 12, 2009 8:22pm
Hello fellow traders!

I have a question that is a little bit off topic. Are there any people here that trade the Eur/Chf?

Honestly, since the intervention of the SNB I find that pair to be extremely easy to trade. You might have to use a little higher leverage to compensate for the smaller moves, but one doesn't have a very huge risk, since we assume that the Central Bank will step in, if the pair goes to low. I haven't had a loss since the day of the intervention (never risking more than 2%)


Oh, by the way ... i trade this pair almost exclusively from the long side.
  • #95,276
  • May 12, 2009 8:28pm May 12, 2009 8:28pm
Quoting Chicky
It is really difficult. Much more difficult than I thought. But nothing is harder than a beginning. I am willing to lose money but not confidence on my system. Will keep on following my system. I earned this money and spent time only to try it out.
Yes Chicky, I'm under no illusions that it will be easy. Once my plan is complete, I will have to get my head in the right place before I begin. I also am not worried about losing my capital, it's the confidence that I can't afford to lose!

Quoting Chicky
It is like flying in an airliner. You comfort yourself that every single minute, thousands of flights take off and land, so what is the big deal? Then as a second thought it comes to your mind "But this one has not yet taken off or landed".
That one doesn't worry me....I'm a skydiver!!

Quoting Chicky
ps. Now four out of five accounts in green. Drawdown on one is less than half of the profit I took on a testing trade. $hit - It is mental capital that is important. My deals are much less than usual, but change in scenario makes them appear as if they are giant trades. I should better change my name from Chicky to Chicken.
The Tortoise won the race, not the Hare!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #95,277
  • May 12, 2009 8:31pm May 12, 2009 8:31pm
ej is just completing a hs on the 4hr.. looks like its doing the r neckline on the day chart now..if it develops its a nice ride..900 pips
those who can, do. those who cant, talk about those who can
  • #95,278
  • May 12, 2009 8:33pm May 12, 2009 8:33pm
Quoting Jay Walker
http://students.thiel.edu/lbetz/Cats...-funny-cat.jpg
NOT MUCHHHH!!!!!!!
Need a hat? --- Got a hat? ---- looking for a pair of shorts?
  • #95,279
  • May 12, 2009 8:39pm May 12, 2009 8:39pm
Quoting realjumper
I will be facing the same in a couple of months too. It seems that many people fall into this emotional 'trap'......hope I will be ready to recognise it when it comes

I've fallen for it before a few times over the years, trading is never and will never be easy I fear.

I'm aiming for Full time Scalper myself ( not outta choice totally, running outta work and clients another went under today ), time scale 3 months of cash in the account
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #95,280
  • May 12, 2009 8:54pm May 12, 2009 8:54pm
hope you have success, for long time to come.[/
thanks,and sorry if i sounded rude because i am not here to sell anything but learn from the experience of people and their mistakes.[/quote


Hi Samiru,

With your 96% successful trade percentile as you claimed to be, I think it will be a mistakes for you to learn from here(unless you wanna lower it).

And btw, based on your success rate,I have no doubt you will definitely make tons of money from your TRADES and thank goodness not from the TRADERS.

Can you see the difference ?

Hope you reach 100% one day.........
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