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EURUSD

  • #107,141
  • Jun 8, 2009 12:41am Jun 8, 2009 12:41am
Well Said


Quoting Larseg
What? are you drunk?

If you weren't thinking you wouldn't trade...

Forex is not about feelings or what you think... It's about having a plan and sticking to it...

A PLAN

which tells you;
1. When to enter a trade
2. When to exit a trade
3. The history of the trade (backtraded)
4. When to leave the plan
5. diversify your trades "several plans" so when one plan fails the other one saves it...
6. Be patient and never trade for fun, its just a puzzle


you don't have to backtrade but you definitely need a plan for when to...
  • #107,142
  • Jun 8, 2009 12:42am Jun 8, 2009 12:42am
Quoting StarFX
Not looking gd now my SL @ 1.3949 becoz i saw an engulging bar closing low (a bearish signal) on friday on one of the methinod i use, and normally it will retrace back to 50 % Fibo then it reverse and start to drop.

Think we still got to wait awhile b4 it retrace back to me enter short target
i trade simple using my method, trend line, Fibo, RSI and MA
i still learning
if you think its going to go down after then your counter trading your belief. if you are i would sugest you use a smaller then normal position.. if your right fine.. if not less risk...whatever you believe is the bigger trend is the way you should trade with a good retrace entry if possible..on risky trades i would hold a smaller position..
those who can, do. those who cant, talk about those who can
  • #107,143
  • Jun 8, 2009 12:43am Jun 8, 2009 12:43am
be quick; - 20 min before Frankie time and the big boys like to make road kill out of us retailers.
Pip what you see; See what you pip!
  • #107,144
  • Jun 8, 2009 12:45am Jun 8, 2009 12:45am
Thanks for the advice, appreciated.

Quoting gatorinla
if you think its going to go down after then your counter trading your belief. if you are i would sugest you use a smaller then normal position.. if your right fine.. if not less risk...whatever you believe is the bigger trend is the way you should trade with a good retrace entry if possible..on risky trades i would hold a smaller position..
  • #107,145
  • Jun 8, 2009 12:52am Jun 8, 2009 12:52am
Quoting StarFX
Well Said

Thank you

I will also add that the biggest enemy in forex, cfd, stocks, indicies or whatever... is yourself...
  • #107,146
  • Jun 8, 2009 12:55am Jun 8, 2009 12:55am
Quoting Larseg
Thank you

I will also add that the biggest enemy in forex, cfd, stocks, indicies or whatever... is yourself...
Dat - is a fact Jack!!!!!!
Pip what you see; See what you pip!
  • #107,147
  • Jun 8, 2009 12:55am Jun 8, 2009 12:55am
Yup....Trade your chart, follow your plan, believe in yourself, no emotion allow...!!!

Plan fail, Move on to another plan.....


Quoting Larseg
Thank you

I will also add that the biggest enemy in forex, cfd, stocks, indicies or whatever... is yourself...
  • #107,148
  • Jun 8, 2009 12:59am Jun 8, 2009 12:59am
can u read agin boz i say we must think boz i talk to another one i

Fun about it

  • #107,149
  • Jun 8, 2009 1:01am Jun 8, 2009 1:01am
i get 35 pip in tht candle
  • #107,150
  • Jun 8, 2009 1:01am Jun 8, 2009 1:01am
i also entered Long
at 1.39650 sl is 1.3920
will break 4 hour support line
and now it has retrace 50% on tf 5m
wish me best of luck
  • #107,151
  • Jun 8, 2009 1:02am Jun 8, 2009 1:02am
it will go to middle band now i think
  • #107,152
  • Jun 8, 2009 1:08am Jun 8, 2009 1:08am
Quoting mohamed
it will go to middle band now i think

why do I even bother....
  • #107,153
  • Jun 8, 2009 1:09am Jun 8, 2009 1:09am
http://i40.tinypic.com/2dlso01.jpg
Not all sins are created equal
  • #107,154
  • Jun 8, 2009 1:10am Jun 8, 2009 1:10am
Quoting Larseg
why do I even bother....
http://i193.photobucket.com/albums/z...g?t=1244441435
Not all sins are created equal
  • #107,155
  • Jun 8, 2009 1:11am Jun 8, 2009 1:11am
Sunny morning...good morning to all...

so whats the sentiments?

down down down?
  • #107,156
  • Jun 8, 2009 1:11am Jun 8, 2009 1:11am
Quoting redrose
i also entered Long
at 1.39650 sl is 1.3920
will break 4 hour support line
and now it has retrace 50% on tf 5m
wish me best of luck
I am thinking about my long , daily candle now in doji color & let decide next .H4,1 & 2 cadle all down now but may change again too. waiting . sl 1.3920. if all candle up again will add more longs .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #107,157
  • Jun 8, 2009 1:11am Jun 8, 2009 1:11am
Quoting Jay Walker
http://i40.tinypic.com/2dlso01.jpg
Pip what you see; See what you pip!
  • #107,158
  • Jun 8, 2009 1:11am Jun 8, 2009 1:11am

Hehe, I will stop
  • #107,159
  • Jun 8, 2009 1:12am Jun 8, 2009 1:12am
Good morning ya all!
  • #107,160
  • Jun 8, 2009 1:13am Jun 8, 2009 1:13am
thinkin' there's too much thinkin' goin' on for me to be a thinkin' straight. Know what I'm thinkin'?
Pip what you see; See what you pip!
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