DislikedWith you there Jazz. I have my stop (for current short from 4399) at 4397 and a long order as well at the same level.Ignored
But it cant be S/R, people will confuse it for something else.
You wont survive without preserving!!!
The System II (Yes with irony)
- #13,342
- Jan 15, 2010 6:40am Jan 15, 2010 6:40am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
Hi FXA,
I am still in the trade (short 4399) because my goal is to catch that runner so I am willing to endure the frequent small losses. My SL is still at 4397 so there is no risk for me at this stage (+2 worst case scenario).
It is hard getting the mindset right to accept losses (to catch runners) but I think I have managed to overcome this hurdle quite easily after seeing the light.
Cheers,
B.
that is a key to your success with this style of trading.
- #13,343
- Jan 15, 2010 6:46am Jan 15, 2010 6:46am
Hello to all,
How can I refuse a request from our mentor? I am enjoying reading the posts from our new generation of traders. Fxa, you continue to amaze me with your dedication and commitment to this thread.. Lately, with the new members of this family I visualize you going around this big house taken care of the needs of each member.... from the newborns, giving them the support and assurance they need at such an early stage to the seniors members like me who still need a helping hand here and there...oh yes! let us not forget the rebellious teenagers of this thread, the ones that think that they got it all figured out...to those you give some tough love and show them that they still have a lot to learn. Well, and there is always the trolls...who you now deal with them swiftly with a sharper sword...soo sharp that their ugly severed head have been cut so cleanly that it takes them a while to realize their heads is no longer attached to their shoulders...
.
To those who are just joining us here please keep in mind that at first it is very important to suspend whatever knowledge you think you are bringing and dumb down your approach...so that you can trade the plan with as clean a slate as possible... don't think too much...follow the plan as if you were learning how to walk again...one step at a time....with a comfortable amount that helps you reduce your fears.....be patient and trust the plan......as you gain confidence and reprogram your mental attitude you will develop the discretion/creativity to work on the finer points. If you approach it in this way the only thing you will loose is your old habits and mental approach to trading forex...who knows it may even help you in other aspects of your life..
.
Good luck to all.
How can I refuse a request from our mentor? I am enjoying reading the posts from our new generation of traders. Fxa, you continue to amaze me with your dedication and commitment to this thread.. Lately, with the new members of this family I visualize you going around this big house taken care of the needs of each member.... from the newborns, giving them the support and assurance they need at such an early stage to the seniors members like me who still need a helping hand here and there...oh yes! let us not forget the rebellious teenagers of this thread, the ones that think that they got it all figured out...to those you give some tough love and show them that they still have a lot to learn. Well, and there is always the trolls...who you now deal with them swiftly with a sharper sword...soo sharp that their ugly severed head have been cut so cleanly that it takes them a while to realize their heads is no longer attached to their shoulders...
. To those who are just joining us here please keep in mind that at first it is very important to suspend whatever knowledge you think you are bringing and dumb down your approach...so that you can trade the plan with as clean a slate as possible... don't think too much...follow the plan as if you were learning how to walk again...one step at a time....with a comfortable amount that helps you reduce your fears.....be patient and trust the plan......as you gain confidence and reprogram your mental attitude you will develop the discretion/creativity to work on the finer points. If you approach it in this way the only thing you will loose is your old habits and mental approach to trading forex...who knows it may even help you in other aspects of your life..
.Good luck to all.
Unus pro omnibus, omnes pro uno
- #13,345
- Jan 15, 2010 6:49am Jan 15, 2010 6:49am
- | Joined Jul 2007 | Status: Learner | 1,363 Posts
Hello to all,
How can I refuse a request from our mentor? I am enjoying reading the posts from our new generation of traders. Fxa, you continue to amaze me with your dedication and commitment to this thread.. Lately, with the new members of this family I visualize you going around this big house taken care of the needs of each member.... from the newborns, giving them the support and assurance they need at such an early stage to the seniors members like me who still need a helping hand here and there...oh yes! let us not forget the rebellious teenagers...
Thank you Moneda for your encouraging post.regards,
B
- #13,346
- Jan 15, 2010 6:50am Jan 15, 2010 6:50am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
- #13,348
- Jan 15, 2010 6:54am Jan 15, 2010 6:54am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
- #13,350
- Jan 15, 2010 7:02am Jan 15, 2010 7:02am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
- #13,352
- Jan 15, 2010 7:11am Jan 15, 2010 7:11am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
- #13,357
- Jan 15, 2010 7:21am Jan 15, 2010 7:21am
- | Membership Revoked | Joined Feb 2009 | 2,903 Posts
