gu on daily trendline
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trading801's Koala Forex Articles and EUR/USD views
- #11,941
- May 28, 2010 5:33am May 28, 2010 5:33am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #11,942
- May 28, 2010 5:34am May 28, 2010 5:34am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
hi all..
being so busy these days..
i think i may be ending the week with 60pips gained... no timeeeee
Masoud lock the cage quick nearly all animals present
- #11,943
- May 28, 2010 5:37am May 28, 2010 5:37am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
Hi King, welcome back my friend, Good pips, you are green and this is very good. 
hi all..
being so busy these days..
i think i may be ending the week with 60pips gained... no timeeeee
We are here to help each other... We Learn Forex Together!
- #11,944
- May 28, 2010 5:41am May 28, 2010 5:41am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
Francis you are naughty animals and you get punished, you haven't lunch today in cage. 
,,,,,,,joking
,,,,,,,jokingHello T well done
Masoud lock the cage quick nearly all animals present
We are here to help each other... We Learn Forex Together!
- #11,945
- May 28, 2010 5:42am May 28, 2010 5:42am
Well sometimes I wonder if thats more the case when youre watching the price all the time on smaller time frames those retraces back to my entry point after 12/20 pips f***k me up thats why i get out so quickly whereas i presume you enter then disappear to sip cocktails and return to chuckle over a retrospective drawdown
Francis.
There are successful scalper. But I'm hopeless at it. I learned early that I cannot watch price. It psychs me out and I close trades. Worked like this.
Oh good setup. With trend. At swing high or low. Nice price action. Enter with target. Watch for 3 hours. Goes up then down then up then down. Feel pain when in drawdown. Close trade for 6 pips because I think trade is going to fail. BAM. 2 minutes later price goes 100 - 200 - 300 pips (Or more) in the direction I thought it would go.
Does this sound familiar?
Sit there and kick myself. Like everyone does.
Realised that I was getting it right just not giving it time to work.
So yes I now let them run. I have some losing trades. Mostly I cut them short. Occasionally they take 150 pips off me. But I am winning many more than I am losing.
I only let my smaller lot trades run for such large drawdown.
A51
- #11,946
- May 28, 2010 5:43am May 28, 2010 5:43am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
Francis you are naughty animals and you get punished, you haven't lunch today in cage.
when Ill need feeding again
- #11,947
- May 28, 2010 5:46am May 28, 2010 5:46am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #11,948
- May 28, 2010 5:53am May 28, 2010 5:53am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #11,950
- May 28, 2010 5:57am May 28, 2010 5:57am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #11,951
- May 28, 2010 6:01am May 28, 2010 6:01am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
Nice chart
ftse100 in a good area for dropping
We are here to help each other... We Learn Forex Together!
- #11,952
- May 28, 2010 6:03am May 28, 2010 6:03am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
nice explanation and good advise, thank you my friend.
Koalas.
One thing for certain. Like most things in life.
Practice makes perfect. The more you do this the better you should get.
The caveat on that of course is that you are putting into practice the following.
Discipline, Patience and good money management.
Anything else is gambling.
[color=black][font=Verdana]Of...
We are here to help each other... We Learn Forex Together!
- #11,954
- May 28, 2010 6:09am May 28, 2010 6:09am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
Mummy will molly coddle you.
I'll throw you in at the deep end.
A51
- #11,956
- May 28, 2010 6:16am May 28, 2010 6:16am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
My cheques may all bounce. lol
A51
- #11,958
- May 28, 2010 8:51am May 28, 2010 8:51am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
- #11,959
- May 28, 2010 8:53am May 28, 2010 8:53am
- | Joined Dec 2007 | Status: re....member | 2,095 Posts
1.2330 next? hee
- #11,960
- May 28, 2010 9:08am May 28, 2010 9:08am
- | Joined Apr 2009 | Status: Trader | 3,351 Posts
Nice trade 
ftse100 +20
e/j +60
We are here to help each other... We Learn Forex Together!