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  • #901
  • Nov 2, 2009 9:54pm Nov 2, 2009 9:54pm
triangle formation on Aud usd
Invest in alarm clocks
  • #902
  • Nov 2, 2009 9:56pm Nov 2, 2009 9:56pm
Tony, are you going to be here on London?
  • #903
  • Nov 2, 2009 9:58pm Nov 2, 2009 9:58pm
I'll go check if the trade closed on London Open... It's using res sources I have left for this week.
Invest in alarm clocks
  • #904
  • Nov 2, 2009 9:58pm Nov 2, 2009 9:58pm
Quoting Tony112
triangle formation on Aud usd

Tony, are you out or still in the trade ?
  • #905
  • Nov 3, 2009 2:10am Nov 3, 2009 2:10am
Quoting Tony112
It's no longer scalping as my targets exceed 40 pips. What do you mean pyramiding?
Not scalping, scaling. Pyramiding, it means that you buy more positions when your position comes closer to your target. All experienced traders i know use it. If you want to reach the next level i strongly advice you to do some research about it. Read this thread:http://www.forexfactory.com/showthread.php?t=62066, and evry other thread of twoblink about the subject.
  • #906
  • Nov 3, 2009 8:06am Nov 3, 2009 8:06am
What a slow night. Its times like these which test your patience.
  • #907
  • Nov 3, 2009 12:44pm Nov 3, 2009 12:44pm
Ive read through most of the thread, where do you get 5 second charts from ??

cheers


ab1
  • #908
  • Nov 3, 2009 1:46pm Nov 3, 2009 1:46pm
Oanda or Ninja trader charts - you need a feed for Ninja trader. Just open a Demo with Oanda its the easiest thing
  • #909
  • Edited 3:53am Nov 4, 2009 3:42am | Edited 3:53am
20 pips

http://img44.imageshack.us/img44/3673/ex28.th.gif

Here's one I missed. Stepped away briefly to get dinner.

http://img39.imageshack.us/img39/5823/ex29.th.gif
  • #910
  • Nov 4, 2009 7:25am Nov 4, 2009 7:25am
Hey guys, Tony and the rest of you who are reading this thread... a question for all of you...

how do you handle your losses...let say a few losses in a row or a big one, that took out a large % of your account.

what do you do ? try to switch your attention ...go play sport ...take a long walk on ocean ... or take a few days off ?

what do u do, guys ?
  • #911
  • Nov 4, 2009 8:47am Nov 4, 2009 8:47am
Quoting ForexSV
Hey guys, Tony and the rest of you who are reading this thread... a question for all of you...

how do you handle your losses...let say a few losses in a row or a big one, that took out a large % of your account.

what do you do ? try to switch your attention ...go play sport ...take a long walk on ocean ... or take a few days off ?

what do u do, guys ?
I am trying to limit my trades. I am thinking I will only trade <= 3 times per day. That way I can eliminate the tendency of revenge. for those 3 times, I will only trade a bar > 7 pips, if it fails it fails...
  • #912
  • Nov 4, 2009 9:38am Nov 4, 2009 9:38am
Quoting ForexSV
Hey guys, Tony and the rest of you who are reading this thread... a question for all of you...

how do you handle your losses...let say a few losses in a row or a big one, that took out a large % of your account.

what do you do ? try to switch your attention ...go play sport ...take a long walk on ocean ... or take a few days off ?

what do u do, guys ?
I view it as the cost of doing business. Its getting to the point where I trust my system that I know if a trade I take goes against me, the most I will lose is 5 pips. A lot of times I know I can get out breakeven so its not a big deal. If you're losing a lot of money, consider trading smaller sizes, switching to simulator, or reevaluating your strategy.
  • #913
  • Nov 4, 2009 11:30am Nov 4, 2009 11:30am
Quoting stinger88
20 pips

Here's one I missed. Stepped away briefly to get dinner.
I took that trade, but I was greedy and didn't bank the 15 pips I had, so ended up with BE.
  • #914
  • Nov 5, 2009 6:33am Nov 5, 2009 6:33am
http://img199.imageshack.us/img199/6514/ex30.th.gif
  • #915
  • Nov 6, 2009 12:20am Nov 6, 2009 12:20am
i cleaned my account this week gambling on it, pure guessing
I'm taking this week off - will be back stronger
Invest in alarm clocks
  • #916
  • Nov 6, 2009 5:57am Nov 6, 2009 5:57am
tony dont tell me that you took that trade yesterday?7.00am gp interest rate.
  • #917
  • Nov 6, 2009 8:45am Nov 6, 2009 8:45am
http://img254.imageshack.us/img254/6476/ex31.gifhttp://img254.imageshack.us/img254/ex31.gif/1/w947.png


http://img137.imageshack.us/img137/8917/ex32.gifhttp://img137.imageshack.us/img137/ex32.gif/1/w947.png
  • #918
  • Edited Nov 9, 2009 4:14am Nov 8, 2009 6:37pm | Edited Nov 9, 2009 4:14am
Some pre-market action. Took 20 pips.

http://img190.imageshack.us/img190/3880/ex33.th.gif

Trade I missed by a few seconds.

http://img687.imageshack.us/img687/3594/ex36.th.gif
  • #919
  • Nov 9, 2009 9:50am Nov 9, 2009 9:50am
starting to get quiet in here these days.
  • #920
  • Nov 9, 2009 1:37pm Nov 9, 2009 1:37pm
I know! I dont know why though this method is amazing when I have the time to sit and stare at the screen lol

Its probably because the rules are the rules and it takes time to practice... they are either doing it or just cant be bothered...

shame really I used to really enjoy reading these..

Oz
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