EURUSD

Quoting wannaberich

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MM is my biggest problem. overleveraging when i am in loss. yesterday i lost almost half of my account (not much, it's true) because i started the day bad. so i had to recover from the loss before the big fall i anticipated. but then i got locked in the trade, didn't want to take a small loss and ended up loosing 5 longs (which were supposed to be scalps) because they didn't get to tp (even though they did get into profit). i even saw that the last spike up was to clear sls and i should have closed there. but i didn't. besides that i move sl lower...

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Quoting Nene

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Man, I did my best to tell ya this morning. Im trying to help. But there are some people in this thread and others that think they can win every time. Can not be done. Sometimes I have to build on a loss to get a winner and thats all there is to it. That is the key, to be able to take a loser and turn it into a winner.

Some people think there is a way to place a trade and collect profits without loosing. These are all part of the 90% that dont make it.

There was a guy who was so relieved to see that push up overnight that...

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Quoting cloggie

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If you write your plans down, go back over them. If the plans you write the night before comes to fruition a majority of the time, then you need to address your fears and indecision when it comes to trading your plan. A couple of solutions you could try (on demo) are setting orders based on your plan and not reading what some guys here are saying when you trade your plan so you don't get distracted or confused. Trade your plan first, then go have a banter here. Unless you know the posters exact strategy, TF and risk appetite; following their calls...

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Quoting wannaberich

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i shall say this only once LOL

we will increase the rate of descent from now on. the plant starts at 2870. that's when we strike. we might find some obstacles at 850 and 838 but we will be sure to hit our first target at 2808. once we get there we will rush to our final target, an old rail line (was built between begining of november 2005 and end of october 2008 also had some minor work in the very begining of march 2009), where we pick out $$$ and scram.

this message will self destruct eventually

LOLOL

hapipipin guys

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Quoting wannaberich

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MM is my biggest problem. overleveraging when i am in loss. yesterday i lost almost half of my account (not much, it's true) because i started the day bad. so i had to recover from the loss before the big fall i anticipated. but then i got locked in the trade, didn't want to take a small loss and ended up loosing 5 longs (which were supposed to be scalps) because they didn't get to tp (even though they did get into profit). i even saw that the last spike up was to clear sls and i should have closed there. but i didn't. besides that i move sl lower...

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Quoting Venice

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Short term target .2885

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Quoting Nene

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When I was a young trader I had problems getting my stop out there and I watched my trades get stopped out many times and then take off without my ass. You have to put that stop out there where it wont get hit. If you are afraid then you dont have enough in your account to trade. You can always do what I did and get your broker to change you to a micro account and That will take care of that problem. As soon as I got my stop out there where it should be my trading improved 100%

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Quoting Atlast

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I use 3 min when scalping, and 1 hour. If you look at any chart you will see the virtue of it in the euro. Initial SL usually placed at a high or low pivot.

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Quoting EasyTrader

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May I also add to the discussion.

Where to place a SL. I look @ the m15 place the SL just above the reversal candle after a fractal appears. TP on the BIG numbers 00 10 20 35 50 65 80 90.

Put 1st TP on the next Big number and 2d TP on the next Big number.

Works 4 me. (when you scalp)

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Quoting Jhig

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I like to think I'm successful. And true, were FF users who made it big and left the forums, I don't post as much as I use to (busy trading and running the company) but I still contribute something once a day, or so. Being part of a forum doesn't mean a trader is not successful as there are traders who visit FF looking for answers and there are traders like me, contributing to the community. I contribute because I want to and over the years have developed friendship with certain users and have used FF to keep open while discussing the one thing...

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Quoting cloggie

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Your stops are all dependant on the TF and strategy you trade, a good starting point is asking yourself where would you enter a trade in the opposite direction, that is your stop. A stop is there to prevent you from continuing your trade in the wrong direction, it needs to be far enough away so that if your entry is not exactly spot on you are not going to get stopped out.

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Quoting EasyTrader

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Thanks 4 the input... I believe I did made it clear from what TF I trade.... and I use fractals for SL.

Cheers

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Quoting EasyTrader

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May I also add to the discussion.

Where to place a SL. I look @ the m15 place the SL just above the reversal candle after a fractal appears. TP on the BIG numbers 00 10 20 35 50 65 80 90.

Put 1st TP on the next Big number and 2d TP on the next Big number.

Works 4 me. (when you scalp)

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Quoting cloggie

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Yup and your stops are arbritary.

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Quoting fontu

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Checking after an hr . yes , likely bull failure but thinking it will back again to tl 1.2921 if not up & confirm failure as thought before from 2865/56 to even 2821 areas raising the mouth of the camel or ziraf ?
fontu

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Quoting wannaberich

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here are the problems i am facing. my belief is that only many iterations of the mistakes (and associated psychological pain) will change our unconscious trend. that's why experience is so critical in this business.

i am stubborn. there for i always find a reason to justify my current (or even worse) past trade(s). i think it very good to be stubborn in life. not in trading. yet you have to be stubborn enough not to leave this business.

refusal to accept losses. self explanatory. leads me to over-leverage.

anxious. i find it very difficult to...

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