I know bro, eu's been my kryptonite this week too .... NEXT!
Thank You
Better-than-the-wormhole 555 replies
DislikedBy the way, would like to share to the new guys.
The trend is your friend
Bollocks. That saying is so overrated, don't buy into the hype.
Trading with the trend is just a safer way, it's not the only way.
So if you're learning, learn to counter trend trade as well. Very useful skill to have in the bag once mastered. Those tops & bottoms wouldn't be all to hard to pick when you know how. My 2009 trades were nearly 80% counter trend.
Some of my buddies here said my "buy" button that time was broken
But those counter trend...Ignored
Dislikedhey chris
I know bro, eu's been my kryptonite this week too .... NEXT!Ignored
DislikedAgree on this. Counter trading gives earlier entries that can give much bigger profits than jumping on a trend when probably will stop soon, if you use good money management on it, counter trading (like other strategies) can be very good.
I think we have to trade the way we have tested and has given results, not what we think should work.
For instance only buying/selling at round numbers going countertrend with small stop loss could give some great results, I've not tested it but just looking on historical data it looks good to me.
If we had...Ignored
DislikedYeah, currently getting stomped on EJ. Entry looked good when I took it off the 4H two bars ago.
http://www.forexfactory.com/showpost...postcount=1003
Right now I'm not sure If I should add another short up here to help offset the loss I'm in.Ignored
Dislikedams, i gave the wrong insight on yen. my bad, it's been edited.
yen is weakening more than sterling.
sorry for the hoodooIgnored
DislikedWormie those that for some bad trades think you're a bad trader are probably much worse traders.
Someone that has not understood that it does not take high percentage of profitable trades in order to be profitable, hardly can make any money.... I tried to achieve "perfection" thinking that high % is the key and I was ending up ruining a very profitable strategy.
ALL the profitable (even very profitable) traders have losing trades....when you try to avoid losses and be "perfect" you only end up beeing a much bigger loser....
Go ask Warren...Ignored
Dislikedbad day in EU its going up to hitting your SL only and then went down
UbIgnored
DislikedAll must be perfect in Euro land. The summit has solved all. Greece has lubed the wheels (Pun intended) of the entire Europeean economy.
I enjoy your thread a lot.
RufusIgnored
DislikedHi WB, for me also, today this pair is not on my side, now no more trade, just keep my short on cable and dragon......Ignored
DislikedWas going off horizontal S/R on the 4H and previous highs. Also, at the time, the YEN was getting stronger and the EUR bouncing off resistence.Ignored