Yup, no need in my book to enter a trade, a setup did not materialise. Stay out have some coffee, unless you are a scalper. In my trading I never look for trades, I look for setups.
@pawpaw1000 on Twitter
Cable Update (GBPUSD)
- #207,921
- Mar 19, 2010 8:17am Mar 19, 2010 8:17am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
- #207,924
- Mar 19, 2010 8:20am Mar 19, 2010 8:20am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,928
- Mar 19, 2010 8:27am Mar 19, 2010 8:27am
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And that is when people lose money, they feel that they have to have a trade on. Not having a trade on is trading because you preserve your capital. I don't use the word "trade" I solely use "setup"
quickly learnt that it does count as trading. and you are right, THAT IS WHEN I LOSE ALL MY MONEY! when I get bored I have made 80% of my bad trades.
@pawpaw1000 on Twitter
I don't mind explaining my thinking at all, especially as it is consolidating and there are no setups. I put a lot of importance in areas of consolidation/continuation as a breakout can be very profitable.
It may be a bit boring for some of the other guys on the thread though.
i can promise you for new people on forex you're not boring, and it's really importante for us to understand your way to do. And in some way it confortable to see that we arrive at the same level and conclusion.
i think i arrive to see TL (on 1H) and see S/R on 15mn - 1H and define the level.
and know because of you
i know how to regonise the break line (= a full candel green above the level for a buy) ( a full red candel under the level for a sell)thks so much for time u spend to answer to us (new member)
and old forex people don't get boring of that question and answer and remember the time you was new and have some basic question like me
for all of that thks so much to u cloggie and thanks to all other old members for your patience with us (and your answers too
) - #207,930
- Mar 19, 2010 8:29am Mar 19, 2010 8:29am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,932
- Mar 19, 2010 8:31am Mar 19, 2010 8:31am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
i can promise you for new people on forex you're not boring, and it's really importante for us to understand your way to do. And in some way it confortable to see that we arrive at the same level and conclusion.
i think i arrive to see TL (on 1H) and see S/R on 15mn - 1H and define the level.
and know because of you
thks so much for time u spend to answer to us (new member)
and old forex people don't get boring...
@pawpaw1000 on Twitter
- #207,933
- Mar 19, 2010 8:31am Mar 19, 2010 8:31am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #207,935
- Mar 19, 2010 8:32am Mar 19, 2010 8:32am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,937
- Mar 19, 2010 8:35am Mar 19, 2010 8:35am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Ik ben nederlander.
lekker... nou weet ek darem met wie ek werk!
@pawpaw1000 on Twitter
- #207,938
- Mar 19, 2010 8:37am Mar 19, 2010 8:37am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter
- #207,939
- Mar 19, 2010 8:40am Mar 19, 2010 8:40am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
@pawpaw1000 on Twitter