Dislikedi trade yesterday using mine after i download the APP, its very cool!
can some one actually design a template app?Ignored
- #763
- Jul 24, 2010 11:50am Jul 24, 2010 11:50am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
- #765
- Jul 24, 2010 3:20pm Jul 24, 2010 3:20pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
I got him from www.mice4forex.com, he's subscription based but for the reasonable price of $12,000 a month plus food costs.
He sleeps when the price is going to go down, and he's runs around when the price is going to go up.
He's only ever predicted shorts for me... I don't know why!!
- #766
- Jul 24, 2010 3:29pm Jul 24, 2010 3:29pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
i...Heneken & Asahi ... cant go sleep.
Kirin, Sapporo, Suntory
- #767
- Jul 24, 2010 3:33pm Jul 24, 2010 3:33pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
play around with the 2 priceline setting : 10 pips, 6 pips 4 pips or even bigger, your call -
http://img441.imageshack.us/img441/1584/magictrader.png
- #773
- Jul 25, 2010 10:11pm Jul 25, 2010 10:11pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
Morning all, hope you had a good weekend!
Made a few weaker trades today, main issues:
-Entering before actual break (on anticipation rather than reaction)
-Letting a full SL being hit when I knew my entry had already bee invalidated by higher low/higher high.
-Trying a counter trend trade (no Dan, no!)
-Exiting some good trades too early (when SL is already at BE)
-Clicking sell instead of buy on one occasion
There were a few better winners, so finished 4 pips up.
If I had waited for frankfurt open I would likely have had all the pips I needed in 1 trade!
Made a few weaker trades today, main issues:
-Entering before actual break (on anticipation rather than reaction)
-Letting a full SL being hit when I knew my entry had already bee invalidated by higher low/higher high.
-Trying a counter trend trade (no Dan, no!)
-Exiting some good trades too early (when SL is already at BE)
-Clicking sell instead of buy on one occasion
There were a few better winners, so finished 4 pips up.
If I had waited for frankfurt open I would likely have had all the pips I needed in 1 trade!
now and then the emotion sometimes took over my trade but i eliminate this act fast , dicipline my my disappointmen. its dangerous if develope become a habit!
dicipline , dicipline, dicipline !
i know the problem: i try to push is too hard , my nerve could not handle it yet! so the emotion kicked in.
i know the solution : bring the position back to a sleeping point( reducethe bet size)!
http://img80.imageshack.us/img80/2584/lostjs.png
Did you change your SL rule for the second entries? First SL looks nice and tight. One of my rules is I will always use my set SL (5pip) and never increase it. This has removed a big emotional risk for me, and ensures the average loss is smaller than the average win.
The other thing I do now is limit every trade (or market exposure) to 2% risk (including SL), I used to use 3-4%, but I found a bad day would have such a dent in my account I wouldn't even want to trade the next day!!
- #776
- Jul 26, 2010 9:41am Jul 26, 2010 9:41am
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
Unlucky Ben. Yeah, when emotion starts trading for us it's a tricky thing to beat - I've been there and will be again no doubt
Did you change your SL rule for the second entries? First SL looks nice and tight. One of my rules is I will always use my set SL (5pip) and never increase it. This has removed a big emotional risk for me, and ensures the average loss is smaller than the average win.
The other thing I do now is limit every trade (or market exposure) to 2% risk (including SL), I used to use 3-4%, but I found a bad day would have...
- #777
- Edited 5:01pm Jul 26, 2010 4:43pm | Edited 5:01pm
- Joined Jun 2007 | Status: trader | 1,703 Posts
Hi Ffrank, i know every rules i made and i obey them religiously( try to) , to make it a habit and hopefully be part of me (subconciously). as i said i push and test the nerve , you know learning is expensive sometimes -
hope I didn't sound preachy buddy, just offering my input. Hopefully some nice pips for us all from the rainbow tomorrow
morning all,
GJ and EJ presented consistent slope down since compression about 12 pm jst on 30 sec mma, giving me two nice 1.5% profit trades with entries on break of recent support. had i trained myself for the price line entries, could have made earlier entries as well to double the gains, followed by these ones . a must "train" thing.
GU/EU: missed entries due to capital used up for the JPY pairs.
trading on a heat island, 35c+ humid, is a hectic task. prefer elec fans in open air under the shade to air cond in air tight rooms. wish...
what's up in japan? Bit of a heat wave? *jealous from rainy UK*
- #780
- Jul 26, 2010 8:24pm Jul 26, 2010 8:24pm
- | Joined Apr 2009 | Status: Pips Farmer | 5,211 Posts
morning all,
GJ and EJ presented consistent slope down since compression about 12 pm jst on 30 sec mma, giving me two nice 1.5% profit trades with entries on break of recent support. had i trained myself for the price line entries, could have made earlier entries as well to double the gains, followed by these ones . a must "train" thing.
GU/EU: missed entries due to capital used up for the JPY pairs.
trading on a heat island, 35c+ humid, is a hectic task. prefer elec fans in open air under the shade to air cond in air tight rooms. wish...
the chart shows it all , you are doing very good buddy. so EJ is abetter trade yea .... thank for sharing your observation of the pair