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  • #170,481
  • Dec 10, 2009 2:20am Dec 10, 2009 2:20am
Have to admit, starting to second guess myself here. When I'm comfortable with my trades, as I was a little earlier, I try not to come in here and read what others say for this reason - second guessing myself. As a result, I'm only going to leave one short open and close out the others starting with the most recent. I always leave the highest one last lol (psychi thing).

Actually I will have two open if you count the one I took in May at 1.3440 . Although that's on my microlot account (otherwise I'd be bankrupt by now) so I don't see it that much .
  • #170,482
  • Dec 10, 2009 2:21am Dec 10, 2009 2:21am
Quoting dstryr
This is why we always wait for candlesticks to close before trading...Love how history repeats itself on the charts.
how old r u now dstryr?
  • #170,483
  • Dec 10, 2009 2:22am Dec 10, 2009 2:22am
Quoting harpersindex
i've been profitable trading price action, support/resistance and money management. the more i complicate things i start losing money. there's too much going on between 4750 and 4700 (psych levels, monthly weekly, daily pivot) there's higher probability bouncing to the upside. i've already banked buying from this indecision. left a few longs for the upside
well done, scalping within a pattern is most safe and me also doing few long-shorts & next when it reach arround 1.4737/50 will take short with sl 10 & tp 1.4673 and from now even may take long from around 1.4693 to tp 1.4735/50 , risky though but with sl 10 will do .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #170,484
  • Dec 10, 2009 2:22am Dec 10, 2009 2:22am
Quoting brighty3k
how old r u now dstryr?
19 sir
Going to make it big by age 21.
  • #170,485
  • Dec 10, 2009 2:23am Dec 10, 2009 2:23am
Quoting Jay Walker
Funny that. I'm hoping the exact opposite.

If I want to make money, someone has to lose.
David vs. Goliath

This is one fight that can't be overcome by numbers. The more people that join in, the more the big dogs make.
  • #170,486
  • Dec 10, 2009 2:25am Dec 10, 2009 2:25am
Just a small note to my post before. Should the DAX break 5600 then € could take another dip down to and get to the big 1,4627.....
Trade on your own risk Plan your trade&trade your plan dont be a
  • #170,487
  • Dec 10, 2009 2:25am Dec 10, 2009 2:25am
If we break this 4700 barrier, look out
  • #170,488
  • Dec 10, 2009 2:26am Dec 10, 2009 2:26am
Closed at 1.4704, 22 pip profit.
The greatest force on earth is compound interest.
  • #170,489
  • Dec 10, 2009 2:26am Dec 10, 2009 2:26am
i'm confident/borderline arrogant with my trading decisions then let my money manager bail me out when i'm wrong.

Quoting 2+2=4ex
Have to admit, starting to second guess myself here....
  • #170,490
  • Dec 10, 2009 2:27am Dec 10, 2009 2:27am
Quoting Trading Cat
Just a small note to my post before. Should the DAX break 5600 then € could take another dip down to and get to the big 1,4627.....
The ball could get rolling soon and 4627 might not be able to stop it.
  • #170,491
  • Dec 10, 2009 2:31am Dec 10, 2009 2:31am
yeah, i find these patterns developing around levels. i start scalping from there. I don't enjoy it as much as short/medium term.

Quoting fontu
well done, scalping within a pattern is most safe and me also doing few long-shorts & next when it reach arround 1.4737/50 will take short with sl 10 & tp 1.4673 and from now even may take long from around 1.4693 to tp 1.4735/50 , risky though but with sl 10 will do .
fontu
  • #170,492
  • Dec 10, 2009 2:33am Dec 10, 2009 2:33am
scalping give me headaches
  • #170,493
  • Dec 10, 2009 2:35am Dec 10, 2009 2:35am
Quoting Jay Walker
Funny that. I'm hoping the exact opposite.

If I want to make money, someone has to lose.
I don't care who gives me their money. It can be someone on this forum, or some old granny gambling away her life savings for all I care. Her choice .
  • #170,494
  • Dec 10, 2009 2:37am Dec 10, 2009 2:37am
4700 has been a magnet, great for scalping. Just be sure to use tight sl in case it explodes in one direction.

doing 5 pip scalps with 4700 as tp.
  • #170,495
  • Dec 10, 2009 2:38am Dec 10, 2009 2:38am
Quoting Mr J
I don't care who gives me their money. It can be someone on this forum, or some old granny gambling away her life savings for all I care. Her choice .
I hope its not my granny!
  • #170,496
  • Dec 10, 2009 2:38am Dec 10, 2009 2:38am
glad i didn't take a limit long at the recent 4700 didn't feel right and i'm tired

Quoting 2+2=4ex
4700 has been a magnet, great for scalping. Just be sure to use tight sl in case it explodes in one direction.
  • #170,497
  • Dec 10, 2009 2:39am Dec 10, 2009 2:39am
Is the general consensus still south?
The greatest force on earth is compound interest.
  • #170,498
  • Dec 10, 2009 2:40am Dec 10, 2009 2:40am
Daily buy on gold as well as EU for me. Dont trade gold but its good for direction on USD based pairs. This is why we still wait for 15min close

So easy a baby could do it.
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Going to make it big by age 21.
  • #170,499
  • Dec 10, 2009 2:40am Dec 10, 2009 2:40am
Quoting 2+2=4ex
I was wondering... obviously brokers make a substantial profit annually (between commission, retail trader failures and interest on balances). But you think maybe they lose money one day of the year? Probably not because of the commission and interest on accountholders money again, but what do you think? Could traders actually succeed to the extreme that they have a loss on the books for one day?
If you take a dealing desk broker who has a substantial amount of customers, then they never lose money, because 95% of their customers continuously lose (=and the broker wins) because they take the other side of the trade. This covers the 5% of customers who win, besides the 5% can simultaneusly be hedged by another broker. If talking about the ECN brokers they never lose because they have no price risk open, they earn only comission and they don't bother themselves with the price action.
  • #170,500
  • Dec 10, 2009 2:41am Dec 10, 2009 2:41am
why so bitter? did granny take your money?

Quoting Mr J
I don't care who gives me their money. It can be someone on this forum, or some old granny gambling away her life savings for all I care. Her choice .
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