DislikedEJ and EU still on bear trend.
One question to ask: Do you ever feel afraid to pull the trigger even after a clear signal is shown if you have experienced a series of losing trades?Ignored
Raymond
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DislikedEJ and EU still on bear trend.
One question to ask: Do you ever feel afraid to pull the trigger even after a clear signal is shown if you have experienced a series of losing trades?Ignored
DislikedAbsolutely, I just got done making 3 losing trades last wk and I had trouble pulling the trigger on the 4th. However, I knew that it was an unjustified emotion, and as Nike advertising would tell you...Just do it. For me, Forex is just a battle of emotions more than anything else. Forex just creates an environment for bettering yourself and controlling your emotion though practice and eventually having the confidence in yourself.
RaymondIgnored
DislikedEJ and EU still on bear trend.
One question to ask: Do you ever feel afraid to pull the trigger even after a clear signal is shown if you have experienced a series of losing trades?Ignored
DislikedNever trade CT's, it is like standing in front of the running train. It will never stop, it will just smash you. CT's may be taken when there are real signs that the trend is weakening.Ignored
Dislikedgu has reached my first marker @1,5050. I have reduced the sl to 1,5153.
not be yet, so I still give the trade some space around the range tl.
not sure if the downside momentum has been gained yet
actually I see a macd pricedivergence ... so I will set the sl to be after candle close
edit:
since the price went well through 1,5050 to 1,5020, I have set sl beIgnored
DislikedThanks for sharing your trades with us. I am glad you are posting here.Ignored
DislikedMy candle closes in 20 minutes time. No good signals found. Long tail on current candle on EU and EJ. May signal big players movement.
Edit: My analysis of current situation is that the tide is turning. Big players are buying now to push Euro up again, as signified by the large tail on previous candle and the movement of current candle. Also, price has reached new lows but the MACD has not, showing a sign of bears weakening. Just my thoughts. Comments?Ignored
Dislikedhi, everyone
EU is approaching an important support line which formed from subprime crisis and later, I think price would be supported at this level with a consolidation period before cracking down to 1.27 level.
From fundermental anaysis. 7 years big cyclical period of bearish dollar was finished at 2008, maybe dolloar will start another 7-year bullish trend.Ignored
Dislikedgood point, Saka, thank you. longterm it sure seems like the up cycle of eu is about to end. I'll be looking for a 4h ct / bounce from that trendline, maybe by next week. a macd pricedivergence setup would be nice ....Ignored
DislikedHi Ashes,
Can you show us how your chart looks like for EU with the trendline you mentioned?Ignored
Dislikedsure. here it is.
you find Saka's chart here :
http://www.forexfactory.com/showpost...ostcount=22533Ignored
Dislikedoh yes. unfortunately the more losing trades I make the more I fear my entry. the more winning trades I make the more light hearted I enter. theoretically one should base ones entries competely on the system rules and exclude emotions ... but it's a long way to accomplish this.
I agree to Raymond, forex or charting is a field where we can improve our sight of what is, leaving disturbing emotions aside.Ignored
Dislikedoh yes. unfortunately the more losing trades I make the more I fear my entry. the more winning trades I make the more light hearted I enter. theoretically one should base ones entries competely on the system rules and exclude emotions ... but it's a long way to accomplish this.
I agree to Raymond, forex or charting is a field where we can improve our sight of what is, leaving disturbing emotions aside.Ignored