hello everyone
Im using a martiangle system today i have got really bad situation. i want to ask you what can i do?? waiting for short uptrend or close all positions with big loseon the JPG you see my picture
- #171,224
- Dec 11, 2009 12:33pm Dec 11, 2009 12:33pm
hello everyone
Im using a martiangle system today i have got really bad situation. i want to ask you what can i do?? waiting for short uptrend or close all positions with big lose
use S/L, to minimize your loss, if a trade goes against you.
if that happens, be patient, examine what was the mistake it your trade, replan, wait for a new entry. be patient instead of aggressive.
- #171,227
- Dec 11, 2009 12:36pm Dec 11, 2009 12:36pm
- | Joined Aug 2006 | Status: Trader | 1,355 Posts
So technically we are still in uptrend?
In the daily time frame, I would say that we are still in an uptrend but we stopped trending up, pulling back down.
In the 4H and below time frame we're down trending, no question about it...
Technically I would say that we're trending down (4H), inside an uptrend (Daily).
Where is the point where both trends meets you would ask ?
It's the highest time frame 200 sma.
In this case the 200 sma daily currently @ 1.4138...
Not sure it's clear, if not I'll post a small chart
Getting it right is NOT as important as not getting it wrong.
- #171,228
- Dec 11, 2009 12:38pm Dec 11, 2009 12:38pm
- Joined Aug 2007 | Status: Trader | 2,616 Posts
Why are you guys going long and short at these levels
. Don't undertand this 
. Guy who took short at 1.458?????? Price brok thru significant support level but price will never in most cases go thu supp level in one shot there is going to be retraces. I mentioned earlier we need a close below 1.46 level. Its significant level and actualy a weekley close woud be needed in my opinion. So not sure why are u taking shorts at these levels. If you have short put a SL and forget about it. Pppl who took long should use the same reasoning. Wait for daily or weekley close above it. Arggggg. How many times I have to put this on the forum!
. Don't undertand this . Guy who took short at 1.458?????? Price brok thru significant support level but price will never in most cases go thu supp level in one shot there is going to be retraces. I mentioned earlier we need a close below 1.46 level. Its significant level and actualy a weekley close woud be needed in my opinion. So not sure why are u taking shorts at these levels. If you have short put a SL and forget about it. Pppl who took long should use the same reasoning. Wait for daily or weekley close above it. Arggggg. How many times I have to put this on the forum!
- #171,230
- Dec 11, 2009 12:39pm Dec 11, 2009 12:39pm
hello everyone
Im using a martiangle system today i have got really bad situation. i want to ask you what can i do?? waiting for short uptrend or close all positions with big lose
- #171,234
- Dec 11, 2009 12:43pm Dec 11, 2009 12:43pm
- | Joined Jan 2009 | Status: Snr. Director | 1,158 Posts
Si vis pacem, para bellum.
but hope in forex is killing- #171,237
- Dec 11, 2009 12:45pm Dec 11, 2009 12:45pm
Market isn't wiping trader's account!!!
It's poor trading decisions that wipe accounts.
It's not the same thing, there is no fatality... It's all about controlled loses.
I could be summed up like this: He who loses best, wins
Inserted Video
This is how it goes:
1). :nerd: 2).
3). 
4). 
5). 
"I am convinced that He (God) does not play dice." - Albert Einstein
- #171,238
- Dec 11, 2009 12:47pm Dec 11, 2009 12:47pm
hello everyone
Im using a martiangle system today i have got really bad situation. i want to ask you what can i do?? waiting for short uptrend or close all positions with big lose
I have a martingale I wrote that employs a similar strategy but uses the Parabolic SAR indicator so it changes bias if the market dictates. I know it won't help your current condition, all you can do there is hang on and pray, but if you're interested I can send you the source.
Paul