I trade daily and 4 hour. It means I have a life...
- #442
- Mar 29, 2010 5:55am Mar 29, 2010 5:55am
- Joined Jun 2009 | Status: Trend Trader | 6,383 Posts
I trade daily and 4 hour. It means I have a life...
If you think you can or cannot do it you are correct
- #448
- Edited 12:17am Mar 30, 2010 12:11am | Edited 12:17am
- Joined Nov 2008 | Status: Trader | 2,177 Posts
Hi guys, just reading through the thread, few more pages to go 
Im noticing possible short atm, i see 3530 has acted as strong support in the past, ibut im wondering if im looking back too much, cause that support, now ressistance can be seen in higher timeframes. I hope theres nothing wrong with posting 4h chart, cause i have read that feb is using it on 30min tf. Im just wondering if im looking "right".
30min
http://j.imagehost.org/0899/Untitled-4.jpg
4h Timframe
http://j.imagehost.org/0540/febo.jpg
Im noticing possible short atm, i see 3530 has acted as strong support in the past, ibut im wondering if im looking back too much, cause that support, now ressistance can be seen in higher timeframes. I hope theres nothing wrong with posting 4h chart, cause i have read that feb is using it on 30min tf. Im just wondering if im looking "right".
30min
http://j.imagehost.org/0899/Untitled-4.jpg
4h Timframe
http://j.imagehost.org/0540/febo.jpg
- #449
- Mar 30, 2010 12:48am Mar 30, 2010 12:48am
- Joined Nov 2008 | Status: Trader | 2,177 Posts
Stop loss is...protection against future losses. That's all good but ..what's next??? here's where some people get themselves hanged. I won't stop trading because my position got stopped. Risk limit is only boss here.
Good morning,
My limit order @ 3525 was triggered during the Tokyo session only to be taken out at .3485... I don't like to trade blind but it was a low load and as long as I don't fall into the pray and hope trap.. no problem. Psychologically, loosing should be as light as the dust on your shoulders.... not mud on your feet..... Trying to stay light on my feet so that I can jump and react with no fear...... Trading a comfortable amount helps. Atm...pa is back in the range...no predictions.....but sooner or later it will breakout.
Good luck to all
My limit order @ 3525 was triggered during the Tokyo session only to be taken out at .3485... I don't like to trade blind but it was a low load and as long as I don't fall into the pray and hope trap.. no problem. Psychologically, loosing should be as light as the dust on your shoulders.... not mud on your feet..... Trying to stay light on my feet so that I can jump and react with no fear...... Trading a comfortable amount helps. Atm...pa is back in the range...no predictions.....but sooner or later it will breakout.
Good luck to all
Unus pro omnibus, omnes pro uno
- #451
- Mar 30, 2010 5:14am Mar 30, 2010 5:14am
Good morning,
My limit order @ 3525 was triggered during the Tokyo session only to be taken out at .3485... I don't like to trade blind but it was a low load and as long as I don't fall into the pray and hope trap.. no problem. Psychologically, loosing should be as light as the dust on your shoulders.... not mud on your feet..... Trying to stay light on my feet so that I can jump and react with no fear...... Trading a comfortable amount helps. Atm...pa is back in the range...no predictions.....but sooner or later it will breakout.
Good...
It was the first move on 3535. Where was your stop lost?
Thank and good luck!
I just believe in... Peace and good Karma!
Good morning(est)
Price action continues to dance within a 150 pip range... You have several options at hand....one of them is to wait for a breakout out of this consolidation. Whatever one decides to do, the key to all options is Risk Management. It makes little difference what your winning % is as long as you make more than you loose in the long term. Just a reminder for all of us with itchy fingers..
Price action continues to dance within a 150 pip range... You have several options at hand....one of them is to wait for a breakout out of this consolidation. Whatever one decides to do, the key to all options is Risk Management. It makes little difference what your winning % is as long as you make more than you loose in the long term. Just a reminder for all of us with itchy fingers..
Unus pro omnibus, omnes pro uno
I made 40 pips on Eur/Usd from 3480 to 3520.
I have mixed Feb's all three techniques for my trading style & be honest, it has proven to be an excellent with more 360+ pip from 14th March till today.
I felt that with only support and resistance, there is one slight problem.
I will try and explain with an example. For EUR/USD is believed to have resistance near 3500 but then how can one enter? One always have question like whether to buy if price is 3530 because it has breached resistance and gone past it OR sell at 3530 thinking it might be still...
Perhaps you can include a chart(s) to show us how you are incorporating Feb's sytems.... the say a picture is worth a thousand words...
Unus pro omnibus, omnes pro uno
- #456
- Mar 31, 2010 7:01am Mar 31, 2010 7:01am
- | Commercial User | Joined Jun 2006 | 1,578 Posts
Peace
- #459
- Mar 31, 2010 11:41am Mar 31, 2010 11:41am
- Joined Mar 2007 | Status: Trader | 1,066 Posts
All the very best to you Feb. See you soon 
Guys
Is good to know the thread is picking up. Officially I'll be out of trading and posting for a while. After many time spent searching, getting educated, etc. , I finally found something that will help me out getting back on my feet 100%. I am not saying goodbye just a temporary hold on all my activities.
I sincerely wish you all the best and remember - price is king. You don't need any crutches to trade...feel free and liberated on all this chains people impose on you...be practical. You either have a trade or not. If you lose, shake it...