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  • #183,921
  • Jan 22, 2010 8:18am Jan 22, 2010 8:18am
CLASSIC BONE HEAD BAD TRADE.

This is what happens when you don't follow a plan.

My original plan was to short at 4150 sl 4180 tp 4100 during the Tokyo session.

OH NO. Had to get greedy and short at 4134 sl 4164 because I felt that it won't get to 50.

Hit my stop loss and OUT

OH IT'S GOING TO BREAK higher!!! I FELT it was going higher. LET'S GO LONG! Long 4150, SL 4100

This was a trade not based on a plan at ALL. And what happens???

Hit my stop loss again. All profit for the year is now shot to hell.

Ok, I am not going full tilt just a tad emotional. Just want to reiterate to any newbies to STICK TO THE PLAN and leave your FEELINGS out of the trade.

See you guys on Monday.
  • #183,922
  • Jan 22, 2010 8:19am Jan 22, 2010 8:19am
226 cometh to me I command you
  • #183,923
  • Jan 22, 2010 8:20am Jan 22, 2010 8:20am
Quoting Blacknightz
patience..... and the market will reward u!!!
Actually a thunder storm woke me up, but I see my short from 4148 is still in play, so it's all good
Doing what you like is Freedom. Liking what you do is Happiness.
  • #183,924
  • Jan 22, 2010 8:20am Jan 22, 2010 8:20am
Quoting Optimum
My opinion.
Could be possible. I guess it's up to USDX. As I see things, we have a claear stagnation scenario, check out MA's converging in 5M, 15M; Downside: 4100, Pivot Line, 4080. Upside: R1, 4150 area and 4158 FIBO level that sent today price to south. Plus, it's friday, no one is gonna go wild trying to make a huge market movement. Nice scalping scenario anyway.

PS: I really like the uptrend channel in your chart, let's see how it works on monday!
  • #183,925
  • Jan 22, 2010 8:22am Jan 22, 2010 8:22am
Quoting realjumper
It's 3.15am on a Saturday morning, and here I am.....watching my charts!! OMG, so sad! LOL......
Load the gun, drink some beers and go out shooting everyone mate!!!
  • #183,926
  • Jan 22, 2010 8:22am Jan 22, 2010 8:22am
Quoting Optimum
Dollar Insecure. Dollar is threatening Obamanın policies.
Safe trade : watch, But I still Dollar Short, Euro Long

Best regards.
same/ use the Auslanco method overall/says short/medium term bull so I'm sticking to that as well/then I trade my 15 min plan in between
  • #183,927
  • Jan 22, 2010 8:24am Jan 22, 2010 8:24am
Quoting maurofx
Load the gun, drink some beers and go out shooting everyone mate!!!
Shit......now there's a plan!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #183,928
  • Jan 22, 2010 8:26am Jan 22, 2010 8:26am
Quoting fontu
What is happening today every time I have to compromise , sl again to take 1.4070 ( last time ) B point may extend to that level ( 1.4080 ) bull is not so reliable .took more longs at 1.40.
fontu

Now all longs on sl +pip , tp 1.4155.lets go anywhere.
i had a crazy week as well but in good meaning, over +1,200 pips
  • #183,929
  • Jan 22, 2010 8:31am Jan 22, 2010 8:31am
Thats a great week. I'm only a quarter of that for mine!
  • #183,930
  • Jan 22, 2010 8:33am Jan 22, 2010 8:33am
Quoting cannarek
i had a crazy week as well but in good meaning, over +1,200 pips
Nice one! I had a pretty good week as well, but I got GREEDY in the end so I had to give back a little (gotta work on my emotions a little).

I'm signing off. Many pips to you all.
If you don't risk, you don't ever have to lose.
  • #183,931
  • Jan 22, 2010 8:40am Jan 22, 2010 8:40am
We are in a M30 Neutral zone, this means that you will only scalp for a couple of pips.

For today level to go long 1.4055/58, level to go short 1.4181/8.

I know most do not believe, but I win every week since long time ago, I lost trades too, but MM it is the rule number 1 to be a successful trader, patient number 2.
In my blog I do not count pips anymore, it is a waste of time.

BE PATIENT and wait lines to be touched.
  • #183,932
  • Jan 22, 2010 8:41am Jan 22, 2010 8:41am
still no direction... except for eurgbp... eur strengthening over gbp...
  • #183,933
  • Jan 22, 2010 8:43am Jan 22, 2010 8:43am
my first short from 1.4155 closed at 1.4115, opened second at 1.4135 targer 1.4090. Lets see if it will work, on hourly seems ok, on 4hour-not. waiting.
I think if this work, will take long from there.
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  • #183,934
  • Jan 22, 2010 8:51am Jan 22, 2010 8:51am
if broken 23.6 go up to 1.4240http://www.img98.com/images/oshe54jb26c99t2nim3p.gif
  • #183,935
  • Jan 22, 2010 8:56am Jan 22, 2010 8:56am
Quoting cannarek
i had a crazy week as well but in good meaning, over +1,200 pips
Nice job . craziness is extreme today as people really says crazy friday. all my shorts hit sl but at positive pips.
now flat . done a good job also this week not great as you though.
Best wishes to you & all.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #183,936
  • Jan 22, 2010 8:59am Jan 22, 2010 8:59am
Quoting BoredToLoose
We are in a M30 Neutral zone, this means that you will only scalp for a couple of pips.

For today level to go long 1.4055/58, level to go short 1.4181/8.

I know most do not believe, but I win every week since long time ago, I lost trades too, but MM it is the rule number 1 to be a successful trader, patient number 2.
In my blog I do not count pips anymore, it is a waste of time.

BE PATIENT and wait lines to be touched.
very nice blog i must admit . great lines as well keep it up
  • #183,937
  • Jan 22, 2010 9:07am Jan 22, 2010 9:07am
@ Fontu : Do you still have you target @ 1.4150 ?

Thank's for your answer
  • #183,938
  • Jan 22, 2010 9:09am Jan 22, 2010 9:09am
Quoting nawafasad1
very nice blog i must admit . great lines as well keep it up
I think we could cross now 1.4090 some pips below, it is danger to go long, but according My M30 timing chart this will not do a new low, but it is very danger, last days PA are scrambling my timing charts.
  • #183,939
  • Jan 22, 2010 9:11am Jan 22, 2010 9:11am
Quoting CzechTrade
I cant help myself but i see 4075 soon call me crazy but it is what I see
almost there..
Pation is the Holy Grail
  • #183,940
  • Jan 22, 2010 9:16am Jan 22, 2010 9:16am
is it a clear reversal now? or could it retrace down somemore ?
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