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  • #108,241
  • Jun 10, 2009 2:37am Jun 10, 2009 2:37am
Quoting trading801
told u folks all there is a problem with my trading...

i identified correctly... was long at 1.4075.. TP was 1.4125 but the price went to 1.4120 only...

now it is down again.. my SL is 1.4025



6 hours holding... WAT THE **** is wrong with me.. yesterday now today


First of congratulations you are in the "doing" phase of trading...

second of all, stop trading. Take a note and write down why your trades have gone wrong... If you can't figure it out you should stop doing what you are doing before your account is wiped out.

You need a plan. That plan is inside you. Because only you know when it suits you to trade and what lot number you are comfortable with.

your emotions comes from not having a plan.

Imagine you are robbing a bank... you leave the bank and have the money... and then, shit!... what shall I do now????


you get the point... If not your better of robbing a bank

Last one was a joke..
  • #108,242
  • Jun 10, 2009 2:38am Jun 10, 2009 2:38am
Quoting Larseg
No worries, I am also only trading technical "charts" in FOREX...

I only read fundamentals because I enjoy it

But that explanation definitely deserved a voucher thank you!
Did it?
Not all sins are created equal
  • #108,243
  • Jun 10, 2009 2:40am Jun 10, 2009 2:40am

"Never trade against trend"



i need to paint this on my room wall with 72 font size loll
  • #108,244
  • Jun 10, 2009 2:43am Jun 10, 2009 2:43am
Quoting trading801
told u folks all there is a problem with my trading...

i identified correctly... was long at 1.4075.. TP was 1.4125 but the price went to 1.4120 only...

now it is down again.. my SL is 1.4025



6 hours holding... WAT THE **** is wrong with me.. yesterday now today

Why was your TP at 1.4125?

Anyway, it is only one trade. This will happen to us all from time to time but I applaude you for picking a good entry, not changing your TP or SL. Plus you might still get paid.
  • #108,245
  • Jun 10, 2009 2:44am Jun 10, 2009 2:44am
Quoting Jay Walker
Did it?

yep, US oil history from 1970 and today definitely deserves a voucher

Or maybe after 1,4145
  • #108,246
  • Jun 10, 2009 2:48am Jun 10, 2009 2:48am
I will go see tv star war now see u allllllll i lose it up trend now
  • #108,247
  • Jun 10, 2009 2:50am Jun 10, 2009 2:50am
Quoting notch
Why was your TP at 1.4125?

Anyway, it is only one trade. This will happen to us all from time to time but I applaude you for picking a good entry, not changing your TP or SL. Plus you might still get paid.

my koala system and everything i do is meant to be simple minded..

hence i always put TP and SL at 50pips with the trend as identified by Koala.. is it wrong? i have asked for many comments at my thread.. but i guess folks here are more vocal... i love this thread !
  • #108,248
  • Jun 10, 2009 2:51am Jun 10, 2009 2:51am
Quoting Alihuzaifa

"Never trade against trend"



i need to paint this on my room wall with 72 font size loll
You have a good lession perhaps . Again specify the definition of trend there as price moves through trendless space and so specify it clearly with specific tf with what makes it against & for otherwise it will go with in one tf & just the opposit in the other.

Take care ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #108,249
  • Edited 3:04am Jun 10, 2009 2:51am | Edited 3:04am
we may hold this area 4130 if not 4175/79
those who can, do. those who cant, talk about those who can
  • #108,250
  • Jun 10, 2009 2:52am Jun 10, 2009 2:52am
Quoting trading801
told u folks all there is a problem with my trading...

i identified correctly... was long at 1.4075.. TP was 1.4125 but the price went to 1.4120 only...

now it is down again.. my SL is 1.4025



6 hours holding... WAT THE **** is wrong with me.. yesterday now today
now u got ure 4125
  • #108,251
  • Jun 10, 2009 2:53am Jun 10, 2009 2:53am
Quoting realjumper
I've been watching this PA off and on throughout the day, and I can see reasons for short and long!!!! So, I'm not prepared to make a stand yet, but I have a buy order and a sell order in because I think when it breaks out, it might do so with a bit of a punch. We shall see......
Ok...I got a game from 4120 going north......lets see what happens!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #108,252
  • Edited 3:06am Jun 10, 2009 2:55am | Edited 3:06am
http://www.forexfactory.com/images/icons/icon1.gif
im here now.. i lightened the load but left a shit load on the table.. my ca is 3964 pulled out 3/4 of trade with 12 pips... left almost 150 on the table at the low...but on a big move it happens. but usually on the red side before i bail . 4175 keeps popping in my head.. i wont have a boat load long without last weeks high taking out, but only for a few hundred pips.. on the sell side my boat will be full if we close below 3800...ill scalp till then...and if my ca is enough when attempting to breach low ill let em ride with a green sl.. ill be late for most partys so leave some for me.. the gasoline summer estimate is not much higher then we are now.. if we stop at 4130 ill add a few to my lossing trade to bring my ca in line..and a little more all the way till last weeks high but not a boat load... i think.. if oil drops at that point and i cant be trusted

repost of earlier post
those who can, do. those who cant, talk about those who can
  • #108,253
  • Jun 10, 2009 2:56am Jun 10, 2009 2:56am
Quoting fontu
You have a good lession perhaps . Again specify the definition of trend there as price moves through trendless space and so specify it clearly with specific tf with what makes it against & for otherwise it will go with in one tf & just the opposit in the other.

Take care ,
fontu
if any body deserves a voucher here then its fontu...he is wise and really humble...
  • #108,254
  • Jun 10, 2009 2:56am Jun 10, 2009 2:56am
Quoting trading801
my koala system and everything i do is meant to be simple minded..

hence i always put TP and SL at 50pips with the trend as identified by Koala.. is it wrong? i have asked for many comments at my thread.. but i guess folks here are more vocal... i love this thread !

I generally use a 35 pip stop while I know this is bad practice ( really stops should be placed below good support and above stronf resistence) it suits my lazy attitude and works okay.
  • #108,255
  • Jun 10, 2009 2:57am Jun 10, 2009 2:57am
Quoting lloydblankfe
People have selective memory let me remind people their are alternatives to oil, and those alternatives must be used. 9/11 was orchestrated to raise price of oil and prevent your family going bankrupt. They realised what the effects of low oil price had on Russia when they nearly went bankrupt. Hopefully the middle east will bankrupt. Oil is a temporary solution.
That's great. What positions do you have open or what positions are you planning to open and why?
  • #108,256
  • Jun 10, 2009 2:58am Jun 10, 2009 2:58am
A bear crab having D point max 1.4139 already reached but 50% fib point is very near 1.4158 should be tested soon .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #108,257
  • Jun 10, 2009 3:01am Jun 10, 2009 3:01am
H/s
Attached Image (click to enlarge)
Click to Enlarge Name: 1244577870_eu4.gif Size: 16 KB
  • #108,258
  • Jun 10, 2009 3:01am Jun 10, 2009 3:01am
Quoting notch
I generally use a 35 pip stop while I know this is bad practice ( really stops should be placed below good support and above stronf resistence) it suits my lazy attitude and works okay.

I used to do that myself with stocks a couple of years ago... now I normally use weekly, daily pivot resistances and divide on something... 5 or 3... you get the idea... It's easier to follow the market that way
  • #108,259
  • Jun 10, 2009 3:01am Jun 10, 2009 3:01am
Quoting notch
I generally use a 35 pip stop while I know this is bad practice ( really stops should be placed below good support and above stronf resistence) it suits my lazy attitude and works okay.

to notch and all, now that i hit TP,

i am tempted to long again as it loooooked so good to long now.. however from experience i know only too good that it may not always be the case..

when do you think is a good time to long again? what should i wait for etc? your valuable insights pls... am thinking maybe on dips of 5M chart i long again?
  • #108,260
  • Jun 10, 2009 3:03am Jun 10, 2009 3:03am
Quoting Alihuzaifa

"Never trade against trend"



i need to paint this on my room wall with 72 font size loll
My friend, as we discussed earlier, you may like to use consistent risk/reward amounts (or uniform position sizes).

I just added to my longs, but know when will be the time to switch position ..... and exactly how much this friedship with trend will cost me.
The Thief of Wall Street
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