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  • #1,561
  • Apr 14, 2010 7:53am Apr 14, 2010 7:53am
Quoting Sutts
Not too bad thanks Francis. Terrible day yesterday though. I still can't pick them like you can. May I ask what your average daily pip score is? I'm lucky if I get near 30.
On average about the same I would think, the bad days drag the good ones down Im getting better but I hate sitting doing nothing on the bad days and thats the killer
Im beginning to think I should just make a good trade or two a day and quit because its not really my scene going crosseyed in front of the computer all day
I think in one of sho,s posts he said one good trade could set you up for the week, just pick good trades with a tight stop very low risk
Its the 12+ pip stop trades that soon eat into profits if they go wrong and I usually get out of trades after the first candle because so many trades if I leave them seem to end up b/e so then the temptation is to overtrade to catch up
eg EU trade this morning I ended up with 8 pips if i,d got out after first candle it would have been 19 and it makes so much difference
  • #1,562
  • Apr 14, 2010 8:13am Apr 14, 2010 8:13am
+10 g/u
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  • #1,563
  • Apr 14, 2010 8:22am Apr 14, 2010 8:22am
Quoting francis2
On average about the same I would think, the bad days drag the good ones down Im getting better but I hate sitting doing nothing on the bad days and thats the killer
Im beginning to think I should just make a good trade or two a day and quit because its not really my scene going crosseyed in front of the computer all day
I think in one of sho,s posts he said one good trade could set you up for the week, just pick good trades with a tight stop very low risk
Its the 12+ pip stop trades that soon eat into profits if they go wrong and I usually get...

Yeah, it's amazing how quickly your morning pips can disappear. I'm trying to take fewer trades and only in line with the Keltner picture on the H1 and M30. You can expect them to run a little longer then. Because of that I've only been taking longs on GU today. Wish I'd let some of them run a little longer though.

Cheers

Dave
  • #1,564
  • Apr 14, 2010 8:32am Apr 14, 2010 8:32am
If you find a cure for bordom I'll buy a bottle.
  • #1,565
  • Apr 14, 2010 8:40am Apr 14, 2010 8:40am
Quoting Bankshot
If you find a cure for bordom I'll buy a bottle.
Yeah what you do is read some of the good threads here on FF then you go back to your charts and youve missed the good trades and so on
  • #1,566
  • Apr 14, 2010 8:46am Apr 14, 2010 8:46am
went short break of candle lower highs lower lows trendline above is it a case of itchy fingers, conversely I know you shouldnt look according to Sho but H1 has bullish candle well see
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  • #1,567
  • Apr 14, 2010 8:47am Apr 14, 2010 8:47am
Quoting francis2
Yeah what you do is read some of the good threads here on FF then you go back to your charts and youve missed the good trades and so on

I thought I was the only doing that.
  • #1,568
  • Apr 14, 2010 8:50am Apr 14, 2010 8:50am
I made a similar bet at .3623, just got back to be.
  • #1,569
  • Apr 14, 2010 8:51am Apr 14, 2010 8:51am
Now were moving.
  • #1,570
  • Apr 14, 2010 8:54am Apr 14, 2010 8:54am
nice to see some old guys around, back home now, see you then.

PS - MJ, cheer up. got few bad trades but one big good one is enough

City
  • #1,571
  • Apr 14, 2010 8:54am Apr 14, 2010 8:54am
Quoting Bankshot
Now were moving.
Q now is when to exit it should reach 1.36 you would have thought or is this 61% retrace of upmove to reverse how do you tell
  • #1,572
  • Apr 14, 2010 8:56am Apr 14, 2010 8:56am
I just closed half my position for 10p, bout to clost the rest. looks like a reversal. Naked chart.
  • #1,573
  • Apr 14, 2010 9:00am Apr 14, 2010 9:00am
Quoting Bankshot
I just closed half my position for 10p, bout to clost the rest. looks like a reversal. Naked chart.
what takes precedence though were not really in any trend and lh and ll are convincing surely most pro traders will be trading the lower highs etc wont they?? if not what are they looking at??
  • #1,574
  • Apr 14, 2010 9:06am Apr 14, 2010 9:06am
I think your right francis, I was just scalping naked charts on the 5m for practice. No plan just action.
  • #1,575
  • Apr 14, 2010 9:11am Apr 14, 2010 9:11am
The support level around .3600 looks good as you mentioned.
  • #1,576
  • Apr 14, 2010 9:15am Apr 14, 2010 9:15am
Quoting francis2
Q now is when to exit it should reach 1.36 you would have thought or is this 61% retrace of upmove to reverse how do you tell
Luckily I was typing the my last post when that spike happened I forgot about the news but it came right luckily +18
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  • #1,577
  • Apr 14, 2010 9:21am Apr 14, 2010 9:21am
My feed went down just then so I missed the bottom.
  • #1,578
  • Apr 14, 2010 9:26am Apr 14, 2010 9:26am
Can it get back to .3625 from here?
  • #1,579
  • Apr 14, 2010 9:29am Apr 14, 2010 9:29am
Yep.
  • #1,580
  • Apr 14, 2010 9:29am Apr 14, 2010 9:29am
Quoting Bankshot
Can it get back to .3625 from here?
it has but i dont regard that as normal behaviour
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